The TSX Venture Exchange has accepted for filing the company's proposal to issue 9,153,277 common share purchase warrants to the holders of secured convertible debentures as consideration for entering into the forbearance agreement dated Feb. 2, 2026. Pursuant to the terms of the agreement, the lenders will forbear from demanding payment of the secured convertible debentures and from taking steps to realize upon any security granted in respect of the debentures until June 19, 2027. Each warrant may be exercised for one common share in the capital of the company at an exercise price of 58 cents per common share for a term that is the earlier of: (a) June 19, 2027; and (b) the date upon which the indebtedness has been fully repaid, such expiry date being subject to acceleration.

For further information, please refer to the company's news release dated Jan. 30, 2026, and Feb. 11, 2026.