Financing type:  non-brokered private placement

Offering:  $1.13-million principal amount of convertible debenture, convertible into 1,189,474 listed shares with 1.13 million detachable warrants

Conversion price:  95 cents per listed share

Maturity date:  one year from the issuance

Interest rate:  15 per cent per annum

Warrant exercise terms:  $1 per listed share for a one-year period

Commissions in securities:  19,500 finders' warrants

Commission terms:  Each non-transferable warrant is exercisable at $1 for a one-year period.

Disclosure:  Refer to the company's news release dated May 1, 2026.