Aclara Submits Improved EIA for the Penco Module

Aclara Submits Improved EIA for the Penco Module

Aclara Resources Inc. ("Aclara" or "Company") (TSX:ARA) is pleased to announce that it has filed a new Environmental Impact Assessment (the "EIA") for the Penco Module project (the "Project") with the Environmental Service Assessment ("SEA") in Concepción, Chile. The EIA incorporates an improved technical design of the Project, which the Company believes addresses all concerns related to environmental and social requirements from the public services and local communities. In addition, the EIA has further been optimized following the review conducted by CAP S.A. ("CAP"). As Aclara's strategic partner in Chile, the Company will continue to leverage CAP's expertise and support through the course of its permitting process

Highlights

Building on the new technical design of the Project and local community feedback, the EIA includes the following highlights:

  • Commitment to protecting native forests:
    • New Project design excludes the Jupiter deposition zone and modifies other components to avoid the areas where the 6 "naranjillo" trees were previously found (see below "History and Permitting Strategy" for additional detail)
    • Revegetation of over 100 hectares with native species
  • "Early Citizen Participation" process aimed at co-designing the Project with the Penco community, reflecting greater involvement of its residents:
    • Held meetings with over 1,000 residents, leaders, and opinion leaders of Penco
    • Received 303 recommendations and comments (a record number compared to other projects in the same region) from the local community reflecting a greater degree on integration of the community as stakeholders
    • Conducted over 400 guided tours to the Company's pilot plant for residents of the Penco community and academic researchers, who verified the environmental-friendly attributes and sustainability features of the Company's circular mineral harvesting process
    • Established the Aclara house ("Casa Aclara") near Penco's main square as a dedicated space for ongoing dialogue with the community. Each week, approximately 100 Penco residents visit Casa Aclara to receive information about the Project directly from the Company
  • Commitment to source 100% of the estimated water requirements of the Project with recycled water
  • Addressed the observations received from the evaluation services in relation to the previous EIA

Jose Augusto Palma, Aclara's Executive Vice President, commented: "The submission of the Penco Module EIA marks a significant milestone for Aclara, which culminates an extensive review of the project aimed at incorporating important technical and sustainability-focused improvements and invaluable feedback from the Penco community.

The collaborative effort made with the community has notably strengthened our relationship, fostering a shared commitment to generating a positive impact in the life of its residents. Aclara installed and operated a semi-industrial scale demonstrative plant to display its complete production process, providing the community with insight into its unique environmental features and robust operational standards. With the introduction of Casa Aclara, we are committed to maintaining a space for permanent dialogue and engagement with the community, supplementing it with workshops and activities to create alignment with their needs and to receive the highest number of comments to keep improving our Project. These permanent outreach efforts have led to a substantial improvement in the support and perception of the Penco community towards the Project. We continuously measure this community perception through surveys and social media interaction.

The EIA presents a smaller but more robust Project that maintains the positive aspects of the previous EIA such as a fully recycled water source, revegetation with native species and the generation of over 2,000 direct and indirect jobs. Environmental stewardship remains at the core of Aclara, and we have taken an active approach to protecting native species through a program aimed at distributing a significant number of "naranjillos" and other vulnerable native species to social and regional organizations in the Biobio region and other areas in Chile for its conservation.

We take great pride in the successful completion of the Project´s technical redesign and we are confident that the EIA effectively addresses the comments and observations from multiple key stakeholders. We eagerly anticipate further collaboration with the Penco community and relevant authorities as we progress through the review process."

Jorge Lagos, CAP's Manager of Corporate Affairs and Sustainability, commented: "We have an innovative, sustainable, and clean project with the potential to turn Chile into a strategic supplier of rare earths, indispensable materials for electromobility, energy transition, and decarbonization. This is a great opportunity for Penco and its community and for Chile on the road to sustainable development. As Grupo CAP, we aspire to be leaders in producing critical materials for decarbonization, and this project is a new step towards that goal".

The Company expects that the EIA will be subject to an evaluation period of approximately 18 months and is committed to supporting the SEA throughout the course of their assessment and review. The Company notes that the application process is initially comprised of a preliminary five-business day review period by SEA to confirm the admissibility of the Company's application. Following publication in the media of an extract of the application, the first round of observations will be carried out over the course of approximately 30 business day period. Subject to any further requirements for additional material information by the SEA, which may result in the EIA to be withdrawn in order for the Company to address such requests, the SEA will proceed to conduct the citizenship participation and technical review phases of its assessment.

Protection of Forests
The Company has launched a plan for the reforestation of native forests, encouraging the engagement of social and regional organizations and offering training in the maintenance and care of native species. The program aims to donate approximately 8,000 naranjillo trees, followed by other species such as pitao and queule trees in the Biobio region and other areas in Chile.

Interaction with Indigenous Communities
The Company has declared in the EIA a potential impact to the Mapuche indigenous community and expects SEA to conduct an indigenous community consultation process as part of its evaluation of the EIA.

Consistent Community Engagement
The Company has also established Casa Aclara in Penco, an open house establishment to provide space for dialogue and training for the members of the community. At Casa Aclara, more than 350 residents of Penco have participated in free educational workshops, in response to and to create alignment with local needs, and information sessions regarding the features of the Project.

The Company maintains ongoing communication and engagement with the Penco community and other stakeholders in Chile through SomosAclara, a local brand dedicated to providing regular updates of its activities. SomosAclara communication is published in its website (somosaclara.cl), and various social media platforms including Instagram, Facebook, LinkedIn and YouTube (Somos Aclara). Over the past 2 years, the Company has published 438 social media posts, averaging more than 4 posts per week.

Collaboration with Academia
Historically, Aclara has had a strong link with Academia, as it was key to develop and enhance certain aspects of its innovative and environmentally friendly production process, the Circular Mineral Harvesting. Currently, the Company has alliances with twelve (12) universities in Biobío and other regions of the country to continue promoting research and development around the nascent rare earths industry. The company has guided several undergraduate theses linked to the areas of engineering, mining and geology, and has co-developed innovative projects in relation to the rare earths value chain.

History and Permitting Strategy
On July 3, 2023, the Company received notice from SEA of the assessment authority's decision to terminate its review of the Company's previously submitted EIA following the identification by CONAF of six (6) previously undisclosed "naranjillo" trees, considered vulnerable native species within the Penco Module area. Five (5) of the naranjillo trees were located near an existing access road to the Project that would require further modification and one was found in a local native forest within the Jupiter deposition zone.

Aclara has since revised its permitting strategy with the primary aim of preemptively addressing such concerns while minimizing any substantial impact on the Project's overall development timeline. In that regard, the Company made the determination to submit two separate EIAs, which will collectively cover the full life of mine of the Project.

The actual EIA covers approximately the first 6 years of life of mine of the Project and will encompass three extraction zones (Victoria Norte, Luna and Maite), one deposition zone (Neptuno) and the anticipated production facilities of the Project. The Project is expected to cover the payback period of the initial CAPEX of the Project.

A second EIA will be prepared when the Company is ready to expand its production at the Project to zones not covered by the current EIA application (i.e., Victoria Sur, Alexandra Oriente, and Alexandra Poniente) based on the availability of new deposition zone(s). The Company will concurrently submit a permit application to reactivate the Jupiter deposition zone as well as evaluate potential for purposes of the second EIA. As part of the second EIA, the Company anticipates incorporating an increase to the future production plant's throughput capacity, the feasibility of which will be evaluated at a conceptual level in 2024.

Circular Mineral Harvesting
Aclara's patented rare earth extraction process, Circular Mineral Harvesting, offers several environmentally attractive features. It does not involve the use of explosives and does not require crushing or milling (hence minimizing the use of energy and minimizing its carbon emissions and footprint). The close-circuit process developed by Aclara minimizes water consumption through high levels of water recirculation and does not generate liquid residues, thus avoiding the need for a tailings dam. The ionic clay feedstock is amenable to an ion-adsorption process, which uses a common fertilizer, ammonium sulfate, as its main reagent. Finally, regarding forestry management, our intention is to fully revegetate the areas impacted by our extraction process.

About Aclara
Aclara Resources Inc. (TSX:ARA) is a development-stage company that is focused on heavy rare earth mineral resources hosted in Ion-Adsorption Clay deposits. The Company's rare earth mineral resource development projects include the Penco Module in the Bio-Bio Region of Chile and the Carina Module in the State of Goiás, Brazil.

Aclara's rare earth extraction process offers several environmentally attractive features. Circular mineral harvesting does not involve blasting, crushing, or milling, and therefore does not generate tailings and eliminates the need for a tailing's storage facility. The extraction process developed by Aclara minimizes water consumption through high levels of water recirculation made possible by the inclusion of a water treatment facility within its patented process design. The ionic clay feedstock is amenable to leaching with a common fertilizer main reagent, ammonium sulfate. Further, harmful levels of radionuclides, typical of hard rock rare earth deposits, are not concentrated within the Aclara's processing flowsheet. In addition to the development of the Penco Module and the Carina Module, the Company will continue to identify and evaluate opportunities to increase future production of heavy rare earths through greenfield exploration programs and the development of additional projects within the Company's concessions in Brazil, Chile, and Peru.

Forward-Looking Statements
This news release contains "forward-looking information" within the meaning of applicable securities legislation, which reflects the Company's current expectations regarding future events, including statements with regard to, among other things, the Company's expectations including statements with regard to, among other things, the EIA, review thereof by the SEA, and improvements to the Penco Module and the anticipated benefits expected to result therefrom. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Company's control. Such risks and uncertainties include, but are not limited to, the factors discussed under "Risk Factors" in the Company's annual information form dated as of March 22, 2024 filed on the Company's SEDAR+ profile. Actual results, timing, performance, achievements or future events or developments could differ materially from those expressed or implied herein. Unless otherwise noted or the context otherwise indicates, the forward-looking information contained in this news release is provided as of the date of this news release and the Company does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required under applicable securities laws..

For further information, please contact:
Ramon Barua
Chief Executive Officer
investorrelations@aclara-re.com

SOURCE: Aclara Resources Inc.



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Product or service names mentioned herein may be the trademarks of their respective owners.

To learn more, visit: https://www.aclara-re.com/

SOURCE Toronto Stock Exchange

MEDIA CONTACT:
Ramon Barua
Chief Executive Officer
investorrelations@aclara-re.com

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Allied Critical Metals Inc. (CSE: ACM,OTC:ACMIF) (OTCQB: ACMIF) (FSE: 0VJ0) ("Allied" or the "Company"), which is focused on its 100% owned past producing Borralha and Vila Verde tungsten projects in northern Portugal, is pleased to report assay results from two additional Reverse Circulation (RC) drill holes - Bo_RC_21 and Bo_RC_26 - from its ongoing 5,000-metre campaign at the 100%-owned Borralha Tungsten Project in northern Portugal.

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Highlights:

Bo_RC_21: This drill hole is a west step-out at the North edge of the St. Helena Breccia that confirms continuity of the recently discovered north-dipping lode outside the current MRE envelope, upgrading this area to a large coherent mineralized "in section" corridor with more than 100 m width.

  • 42.0m at 0.19% WO3 (from 256.0 m to 298.0 m), including:
    • 24.0m at 0.28% WO3 (from 256.0 m to 280.0 m)
    • 18.0m at 0.34% WO3 (from 256.0 m to 274.0 m)
    • 8.0m at 0.40% WO3 (from 266.0 m to 274.0 m)
    • 4.0m at 0.62% WO3 (from 266.0 m to 270.0 m)

Bo_RC_26: This drill hole is an infill hole targeting the north-central zone, enhancing confidence in the resource model and suggesting western expansion potential.

  • 26.0m at 0.24% WO3 (from 140.0 m to 166.0 m), including:
    • 12.0m at 0.38% WO3 (from 140.0 m to 152.0 m)
    • 2.0m at 2.02% WO3 (from 140.0 m to 142.0 m)

Drill Program Progress

To date, 3,721 metres of RC drilling have been completed out of the planned 5,728 metres, with multiple assay results already confirming thick mineralized zones and consistent grade distribution. The current campaign is designed to support:

  • The expansion of the Mineral Resource Estimate (MRE), expected in Q4 2025.
  • The development of a robust Preliminary Economic Assessment (PEA).
  • The delineation of potential higher-grade corridors for future mine planning.

Roy Bonnell, CEO and Director of ACM, commented: "With each new intercept, we are seeing our understanding of Borralha evolve and strengthen. Bo_RC_21 confirms mineralization well beyond the current model, while Bo_RC_26 tightens the block model in a key zone. Together, these results support both immediate growth and long-term confidence in Borralha's development potential."

Table 1 - Drill Hole Collar Locations

ID Coordinates (WGS84) Az.(º) Dip .(º) PFD (m) DEPTH (m) Status
Bo_RC_14/25 585445 4611405 109 80 250 264.00 Press Released
Bo_RC_15/25 585347 4611368 109 70 300 255.00 Press Released
Bo_RC_16/25 585406 4611329 105 60 240 251.00 Assay ongoing
Bo_RC_17/25 585426 4611294 109 75 250 255.00 Press Released
Bo_RC_18/25 585461 4611431 109 75 300 241.00 Assay ongoing
Bo_RC_19/25 585470 4611493 109 82 350 248.00 Assay ongoing
Bo_RC_20/25 585541 4611519 109 70 350 237.00 Assay ongoing
Bo_RC_21/25 585481 4611557 109 85 400 370.00 Current Press Release
Bo_RC_22/25 585484 4611552 109 70 360 375.00 Press Released
Bo_RC_23/25 585514 4611588 109 80 - 45.00 Cancelled
Bo_RC_24/25 585514 4611588 0 90 - 42.00 Cancelled
Bo_RC_25/25 585434 4611406 0 90 300 291.00 Assay ongoing
Bo_RC_26/25 585586 4611449 289 60 400 278.00 Current Press Release
Bo_RC_27/25 585464 4611513 0 90 350 251.00 Assay ongoing
Bo_RC_28/25 585576 4611567 290 80 400 318.00 Assay ongoing
Bo_RC_29/25 585449 4611386 109 87 300 - Drilling ongoing
Bo_RC_30/25 585443 4611429 0 90 320 - Drilling ongoing

 

Table 2 - Current Campaign Interval Highlights Update

New ID From (m) To (m) DH length (m) [1] True Width Factor [1] True Width (m) [1] WO3 (%)
Bo_RC_14/25 52.0 64.0 12.0 tbd [2] - 4.27
inc. 52.0 58.0 6.0 " - 8.39
Bo_RC_15/25 164.0 166.0 2.0 0.88 1.8 0.97
Bo_RC_17/25 52.0 152.0 100.0 0.90 89.9 0.21
inc. 92.0 124.0 32.0 0.90 28.8 0.33
inc. 106.0 120.0 14.0 0.90 12.6 0.52
inc. 110.0 116.0 6.0 0.90 5.4 0.74
Bo_RC_21/25 256.0 298.0 42.0 tbd [2] unknown 0.19
inc. 256.0 280.0 24.0 " unknown 0.28
inc. 256.0 274.0 18.0 " unknown 0.34
inc. 266.0 274.0 8.0 " unknown 0.40
inc. 266.0 270.0 4.0 " unknown 0.62
Bo_RC_22/25 284.0 348.0 64.0 tbd [2] unknown 0.12
inc. 316.0 332.0 16.0 " unknown 0.21
Bo_RC_26/25 140.0 166.0 26.0 0.39 10.2 0.24
inc. 140.0 152.0 12.0 0.40 4.7 0.38
inc. 140.0 142.0 2.0 0.40 0.8 2.02

Notes: [1] Reported intervals are downhole lengths. Estimated true widths were calculated from hole orientation and the interpreted geometry of the mineralized corridors. Estimates may vary locally where geometry changes. Where intervals fall outside the resource block-model domains, true widths are not estimated and only downhole lengths are reported. [2] True widths are unknown, to be defined after further MRE update.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/11632/268354_73bff5a8941de85b_001.jpg
Figure 1 - Drill collar plan showing planned holes for the ongoing 5,728 m RC campaign at the Borralha Project. The red outline delineates the main mineralized breccia zone

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11632/268354_73bff5a8941de85b_001full.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/11632/268354_alliedcritical2_550.jpg

Figure 2 - Geological Cross-Section for hole Bo_RC_21/25.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11632/268354_alliedcritical2.jpg

Strategic Context

These results follow recently reported ultra-high-grade and extensive tungsten intercepts, including 12.0 m @ 4.27% WO₃ (Bo_RC_14/25), and 100.0 m @ 0.21% WO₃ (Bo_RC_17/25), confirming a significant system within the Santa Helena Breccia. Allied is working systematically to define both bulk-mineable zones and higher-grade corridors that can support future underground or hybrid extraction scenarios.

Next Steps

Drilling is ongoing, with further results expected in the coming weeks. Step-out holes are targeting both western and northern extensions of SHB, while infill drilling is refining the core resource model. Results will continue to inform the MRE and subsequent economic studies.

In light of the recent new discovery of the very high grade corridor at the west dip of the central area of the Breccia, the Company has adapted the current campaign towards confirming, and potentially expanding upon the recent very high grade intercepts.

Sampling, QA/QC and Analytical Notes

Drilling was completed using reverse-circulation (RC). All sample bags were pre-labelled with a unique internal sequence number used consistently for the assay sample and corresponding reject. Sampling was conducted on 2.0 m intervals for analytics. For each 2.0 m interval, two 1.0 m reject samples were also collected as representative splits. Splitting was performed at the rig via a rotary splitter integral to the RC cyclone.

Sampling followed pre-prepared sample lists that recorded downhole metreage, sequence, and the placement of Certified Reference Materials (CRMs) and field duplicates. CRMs were inserted at a rate of 1 in 20 samples (5%) and field duplicates at 1 in 20 samples (5%), arranged so that every 10th sample alternated between a CRM and a duplicate.

Analytical and reject samples were boxed at the drill site and transported by company personnel to the project core/logging facility. Analytical samples were stored on labelled pallets pending direct shipment to ALS's preparation laboratory in Seville, Spain. Pulps and rejects were subsequently stored securely in the project logging room.

At ALS Seville, samples were crushed to 70% passing 2 mm, riffle-split to ~250 g, and pulverized using hardened steel to 85% passing 75 μm. Pulps were shipped to ALS Loughrea (Ireland) for analysis. The primary analytical method was ME-MS81 (lithium borate fusion with ICP-MS finish). Base metals were also reported using ME-4ACD81 (four-acid digestion with ICP-MS finish). Over-limit tungsten results were re-assayed using W-XRF15b (lithium borate fusion with XRF). Analytical results were delivered directly by ALS to the Company via secure electronic transfer.

Primary disclosure remains the reported grade and interval length (and true width where known).

To the best of the Company's knowledge, no drilling, sampling, recovery, or other factors have been identified that would materially affect the accuracy or reliability of the data referenced herein.

Qualified Person

The scientific and technical information in this news release has been reviewed and approved by Mr. Vítor Arezes, BSc, MIMMM (QMR) (Membership Nº. 703197, Vice-President Exploration of Allied Critical Metals, who is a Qualified Person for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Mr. Arezes is not independent of Allied Critical Metals Inc. as he is an officer of the Company.

About the Borralha Tungsten Project

Allied's Borralha Tungsten Project is one of the largest and most historically significant past-producing tungsten operations in Western Europe. Located in northern Portugal, Borralha was once the second-largest tungsten mine in the country and supplied strategic materials to European and Allied industries during the 20th century, including both World Wars and the Cold War period.

Today, the project is undergoing a modern revitalization based on a combination of scale, grade, metallurgy, and jurisdictional strength. Mineralization is dominated by coarse-grained wolframite, which is highly desirable in global markets due to its favorable processing characteristics and higher recoveries compared to scheelite-bearing deposits.

Borralha benefits from existing infrastructure, shallow mineralization, and a simple processing route, making it one of the most advanced tungsten development projects in the European Union. These attributes are particularly important in the context of the EU Critical Raw Materials Act (2024/1252) and NATO strategic autonomy initiatives, both of which explicitly identify tungsten as a defense-critical raw material subject to severe supply risk.

With the EU currently dependent on over 80% of its tungsten imports from China, Borralha represents a rare and strategic opportunity to develop a secure, domestic, and NATO-aligned supply source. As Allied continues to advance drilling, resource expansion, and economic studies, Borralha is poised to play a central role in reshaping Europe's tungsten landscape-supporting both decarbonization technologies and defense-industrial resilience.

Understanding Tungsten

To understand tungsten, it is critical to understand the difference between wolframite tungsten mineralization and scheelite tungsten mineralization. Scheelite often reports higher grades but is typically more costly and complex to process, requiring flotation methods with higher capital and operating expenditures and lower recoveries.i In contrast, wolframite can be processed more efficiently using gravity and magnetic separation, resulting in lower costs and higher recoveries, making lower grades economically viable in wolframite deposits. For example, a lower grade wolframite deposit can be more attractive than a slightly higher grade scheelite deposit.ii

It is also important to recognize that China, Russia, and North Korea control approximately 87% of the world's tungsten supply, using cheap labor and minimal environmental standards in authoritarian regimes.iii As a result, production costs and grades in these countries are not comparable to Western projects, which operate under higher labor, ESG, and energy cost structures. Evaluating projects outside these regions provides a realistic benchmark for what grades and intercepts are economically viable while supporting secure, NATO-aligned supply chains.

For Allied, this context is significant. Allied's operations in secure jurisdictions align with Western critical mineral needs, avoiding geopolitical risks associated with China and Russia while positioning the Company to benefit from growing tungsten demand across defense, aerospace, and electrification sectors. Allied's wolframite tungsten mineralization and secure location position it as a strategic and responsible tungsten exploration company, well placed to take advantage of a rising-demand market. iv

About Allied Critical Metals Inc.

Allied Critical Metals Inc. (CSE: ACM,OTC:ACMIF) (OTCQB: ACMIF) (FSE:0VJ0) is a Canadian-based mining company focused on the expansion and revitalization of its 100% owned past producing Borralha Tungsten Project and the Vila Verde Tungsten Project in northern Portugal with advantageous wolframite tungsten mineralization. Tungsten has been designated a critical metal by the United States and other western countries, as they are aggressively seeking friendly sources of this unique metal. Currently, China, Russia and North Korea represent approximately 86% of the total global supply and reserves. Tungsten is used in a variety of industries such as defense, automotive, manufacturing, electronics, and energy.

ON BEHALF OF THE BOARD OF DIRECTORS

"Roy Bonnell"

Roy Bonnell
CEO and Director

For further information or investor relations inquiries, please contact:

Dave Burwell
Vice President, Corporate Development
Email: daveb@alliedcritical.com
Tel: 403-410-7907
Toll Free: 1-888-221-0915

Please visit our website at www.alliedcritical.com.

Also visit us at:
LinkedIn: https://www.linkedin.com/company/allied-critical-metals-inc
X: https://x.com/@alliedcritical/
Instagram: https://www.instagram.com/alliedcriticalmetals/

The Canadian Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.

Cautionary Statement Regarding Forward-Looking Information

This news release contains "forward-looking statements", including with respect to the use of proceeds. Wherever possible, words such as "may", "would", "could", "should", "will", "anticipate", "believe", "plan", "expect", "intend", "estimate", "potential for" and similar expressions have been used to identify these forward-looking statements. These forward-looking statements reflect the current expectations of the Company's management for future growth, results of operations, performance and business prospects and opportunities and involve significant known and unknown risks, uncertainties and assumptions, including, without limitation, those listed in the Company's Listing Statement and other filings made by the Company with the Canadian securities regulatory authorities (which may be viewed under the Company's profile at www.sedarplus.ca ). Examples of forward-looking statements in this news release include, but are not limited to, statements regarding the proposed timeline and use of proceeds for exploration and development of the Company's mineral projects as described in the Company's Listing Statement, news releases, and corporate presentations. Should one or more of these risks or uncertainties materialize or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements may vary materially from those expressed or implied by the forward-looking statements contained in this news release. These factors should be considered carefully, and prospective investors should not place undue reliance on the forward-looking statements. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements and reference should also be made to the Company's Listing Statement dated April 23, 2025 and news release dated May 16, 2025, and the documents incorporated by reference therein, filed under its SEDAR+ profile at www.sedarplus.ca for a description of additional risk factors. The Company disclaims any intention or obligation to revise forward-looking statements whether as a result of new information, future developments or otherwise, except as required by law.

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