Financing type:  non-brokered private placement

Gross proceeds:  $1.16-million

Offering:  23.2 million listed shares with 23.2 million warrants attached

Offering price:  five cents per listed share

Warrant exercise terms:  six cents per listed share for an 18-month period, subject to an acceleration right

Commissions in securities:  192,000 finders' warrants

Commission terms:  Each non-transferable warrant is exercisable into a common share at six cents for an 18-month period, subject to an acceleration right.

Disclosure:  Refer to the company's news releases dated May 7, 2026, and May 26, 2026.