The TSX Venture Exchange has accepted for filing the agreement dated July 5, 2024, between the company and an arm's-length party to the company. Pursuant to the terms of the agreement, the lender has lent to the company an aggregate amount of $750,000 (U.S.) with a 12-month maturity date from the date of the loan. The company will be responsible for repaying an aggregate of $967,500 (U.S.) through 24 biweekly payments. The loan is subject to an early payment discount, whereby the repayable amount will be reduced to $937,500 (U.S.) if the loan is fully paid within 90 calendar days of the issuance of the loan. As additional consideration for the loan, the company has issued to the lender an aggregate of 214,285 common shares of the company at a deemed price of 35 U.S. cents per share.

For any further information, please refer to the company's news releases dated Sept. 26, 2024, Nov. 8, 2024, and Nov. 27, 2024.