Financing type:  non-brokered private placement

Offering:  $681,000 principal amount of $1,000 convertible debenture units, convertible into 3,405,000 listed shares and 1,702,500 common share purchase warrants

Conversion price:  20 cents per listed share

Maturity date:  July 23, 2029

Interest rate:  7.00 per cent per annum

Warrant exercise terms:  40 cents per listed share for a period of 36 months from date of issuance

Non-cash commissions:  238,350 finders' warrants

Commission terms:  Each non-transferable finder's warrant is exercisable at 20 cents for a period of 24 months from the date of issuance.

Disclosure:  Refer to the company's news releasesdated July 9, 2026, July 15, 2026, and July 29, 2026.