Financing type:  non-brokered private placement

Gross proceeds:  $2.7-million (Australian) ($2,403,000 (Canadian))

Offering:  90 million common listed shares with 30 million warrants

Offering price:  three Australian cents (2.67 Canadian cents) per listed share

Warrant exercise terms:  nine Australian cents (8.01 Canadian cents) per listed share for a three-year period

Commissions in securities:  19,166,666 finders' warrants

Commission terms:  Each non-transferable warrant is exercisable at nine Australian cents (8.01 Canadian cents) for a three-year period.

Disclosure:  Refer to the company's news releases dated June 30, 2025, July 10, 2025, Oct. 7, 2025, and Oct. 21, 2025.