The Loan is repayable within one year or until the Company completes a private placement and carries an interest rate of 10% per annum to the actual date of repayment, which can occur prior to June 27, 2026.

The Loan is subject to TSX Venture Exchange approval. The Company will use the funds for general working capital purposes.

On Behalf of the Board:

"David Eaton"

Chief Executive Officer

Disclosure and Caution

This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/257191