The TSX Venture Exchange has consented to the reduction in the exercise price of the following warrants.

Private placement

Number of warrants:  10,031,000

Expiry date of warrants:  July 18, 2026

Forced exercise provision:  If the closing price for the company's shares is 12.5 cents or greater for a period of 10 consecutive trading days, then the warrantholders will have 30 days to exercise their warrants; otherwise, the warrants will expire on the 31st day.

Original exercise price of warrants:  17.5 cents

New exercise price of warrants:  10 cents (new)

Number of warrants remaining:  190,000

Expiry date of warrants:  July 18, 2026

Exercise price of warrants:  17 cents (unchanged)

These warrants were issued pursuant to a private placement of 20,442,000 units with an aggregate of 10,221,000 share purchase warrants issued, which were accepted for filing by the exchange effective Aug. 8, 2024. Of the 10,221,000 warrants, 190,000 warrants will not be repriced.

For further details, please see the company's news releases dated Feb. 13, 2025, and June 10, 2025.