Financing type:  non-brokered private placement

Gross proceeds:  $597,000

Offering:  5.97 million listed shares with 2,985,000 warrants attached

Offering price:  10 cents per common share in year 1, 15 cents per common share in year 2 and 25 cents per common share thereafter

Warrant exercise terms:  28 cents per listed share for a three-year period, subject to an acceleration right

Commissions in securities:  12,000 finders' warrants

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

Disclosure:  Refer to the company's news releases dated Nov. 6, 2024, Nov. 14, 2024, Dec. 9, 2024, Dec. 17, 2024, Dec. 20, 2024, Jan. 20, 2025, and Feb. 10, 2025.