Financing type:  non-brokered private placement

Gross proceeds:  $4,999,999.80

Offering:  33,333,332 listed shares with 16,666,659 warrants

Offering price:  15 cents per listed share

Warrant exercise terms:  25 cents per listed share for a three-year period

Commissions in securities:  1,928,138 finders' warrants

Commission terms:  Each non-transferable warrant is exercisable at 25 cents for a three-year period.

Disclosure:  Refer to the company's news release dated Oct. 23, 2025.