Financing type:  non-brokered private placement of convertible debentures

Offering:  $5,172,500 (U.S.) (approximately $7,020,117 (Canadian)) principal amount of unsecured convertible debentures, convertible into 2,586,250 listed shares

Conversion price:  $2 (U.S.) (approximately $2.7144 (Canadian)) per listed share

Maturity date:  Dec. 31, 2025

Interest rate:  10 per cent per annum, payable semi-annually in arrears

Warrant exercise terms:  not applicable

Non-cash commissions:  not applicable

Commission terms:  not applicable

Public disclosure:  Refer to the company's news releases dated April 25, 2024, May 3, 2024, June 26, 2024, and July 5, 2024.