Financing type:  non-brokered private placement

Offering:  $305,000 principal amount of convertible debenture, only convertible into common shares at 10 cents of principal for a one-year period after the company has received a full revocation order from the British Columbia Securities Commission and completed a 1:10 consolidation

Conversion price:  10 cents per listed share, postconsolidation

Maturity date:  Nov. 26, 2025

Interest rate:  9.95 per cent per annum

Non-cash commissions:  15,200 finders' warrants

Commission terms:  Each non-transferable warrant is exercisable at 10 cents for a one-year period only after the company has received a full revocation order from the British Columbia Securities Commission and completed a 1:10 consolidation.

Public disclosure:  Refer to the company's news releases dated July 8, 2024, Sept. 11, 2024, Oct. 15, 2024, Nov. 26, 2024, Dec. 6, 2024, Jan. 6, 2025, and Jan. 24, 2025.