Financing type:  non-brokered private placement

Gross proceeds:  $3,206,500

Offering:  32,065,000 special warrants (Each special warrant will automatically convert into one common share, for no additional consideration on the date that is the earlier of: (i) the date that is three business days following the date on which the company files a prospectus supplement to a short form base shelf prospectus with the securities commissions qualifying distribution of the shares issuable upon the conversion of the special warrants; and (ii) the date that is four months and one day after the date of issuance of the special warrants.)

Offering price:  10 cents per special warrant

Commissions in securities:  1,393,200 finders' warrants

Commission terms:  Each non-transferable warrant is exercisable at 10 cents for an 18-month period.

Disclosure:  Refer to the company's news releases dated May 1, 2026, and May 12, 2026.