Financing type:  non-brokered private placement

Offering:  $500,000 principal amount of convertible debentures, convertible into 3,571,500 listed shares with 3,571,500 warrants attached

Conversion price:  14 cents per listed share

Maturity date:  June 28, 2027

Interest rate:  10 per cent per annum

Warrant exercise terms:  18 cents per listed share until June 28, 2027, subject to an acceleration right

Commissions in securities:  30,857 finders' warrants

Commission terms:  Each non-transferable warrant is exercisable at 14 cents for an 18-month period.

Disclosure:  Refer to the company's news releases dated March 14, 2025, and March 21, 2025.