Share Capital Structure – as at January 1, 2022.

Shares Issued and Outstanding
479,198,233
Options (exercise price of $1.59 - $5.84)
43,436,494
Fully Diluted Share Capital (1)
522,634,727

(1) Inclusion of potential debenture conversion of the US$15M 2020 Debenture converted to CAD on December 31, 2021 FX rate of 1.2678 at the conversion price of $2.34 would bring the number of fully diluted shares to 530,761,650.