Financing type:  non-brokered private placement

Gross proceeds:  $400,000

Offering:  four million listed shares with four million warrants attached

Offering price:  10 cents per listed share

Warrant exercise terms:  20 cents per listed share for a one-year period, subject to an acceleration right

Commissions in securities:  311,000 finders' warrants

Commission terms:  Each non-transferable warrant is exercisable at 20 cents for a one-year period.

Disclosure:  Refer to the company's news releases dated Nov. 26, 2025, and Jan. 20, 2026.