Further to a convertible debenture issued pursuant to a private placement originally accepted by the TSX Venture Exchange on Sept. 20, 2023. The company is not receiving any new additional funds.

Original conversion price:  50 cents per common share of the principal outstanding

Replacement convertible debentures conversion price:  40 cents per common share of the principal outstanding

Original maturity date:  36 months from the date of issuance, subject to certain acceleration rights

Replacement convertible debentures maturity date and conversion price expiry:   May 4, 2027, and June 14, 2027

Warrants:  Each warrant will have a term of three years from the date of issuance of the notes and entitle the holder to purchase one common share. The warrants are exercisable at the price of 70 cents during their term, subject to an acceleration right.

Interest rate:   12 per cent

The amount of aggregate principal outstanding is $2,055,586. All other details of the Replacement convertible debentures remain unchanged from the original convertible debenture.

For further information, please refer to the company's press release dated May 4, 2026, and, June 15, 2026.