The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on March 13, 2023.

Convertible debentures:  $203,800 principal amount

Conversion price:  convertible into common shares at a price of five cents in year 1 and 10 cents in year 2

Maturity date:  24 months from the issuance, subject to an acceleration of maturity date in certain circumstances

Warrants:  4,076,000 share purchase warrants to purchase 4,076,000 shares

Warrant exercise price:  five cents per share for a period of 12 months

Interest rate:  20 per cent per annum

Number of placees:  nine placees

Total existing insider involvement:  2.31 million (three insiders)

Total pro group involvement:  200,000 (one pro group)

Finder's fee:  $1,698 cash and 33,960 finder's warrants

Finder's warrant terms:  Each finder's warrant is exercisable to acquire one common share at an exercise price of five cents for a period of 12 months from the issuance.

The company issued news releases on April 25, 2023, and June 8, 2023, confirming the closing of the private placement. Note that in certain circumstances the exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.