The TSX Venture Exchange has accepted for filing the letter of amendment dated July 18, 2024, between the company and a non-arm's-length party, pursuant to the original loan extension agreement dated May 18, 2024. Pursuant to the terms of the amending agreement, the parties will extend the repayment date of certain existing loans. In consideration for the extension, the company will issue to the lender an aggregate of 7,251,925 non-transferable bonus common share purchase warrants, with each bonus warrant exercisable to purchase one common share of the company at an exercise price of 13.5 cents per share for a period of two years from the date of extension.

For further information, please reference the company's news releases dated May 21, 2024, July 18, 2024, and Aug. 21, 2024.