Convertible debentures outstanding as at October 31, 2023:

		USD (equity component)		CAD (embedded derivative)			USD (embedded derivative)			Total
Loan principal outstanding	$	1,261,265	$	2,146,715		$	405,001

Terms of loan
Annual stated interest rate		24%		12% - 24%			2% - 4%
Effective annual interest rate		24%		22 - 131%			24% - 5158%
Conversion price to common shares	$	0.03 - $0.04	$	0.05 - $0.10			^{(i) - (ii)}
Remaining life (in months)		0 - 4		0 - 11			0 - 11

Consolidated Statement of Financial Position
Carrying value of loan principal	$	1,261,265	$	1,499,667		$	77,238		$	2,838,170
Interest payable		344,993		334,511			30,385			709,889
Convertible debentures	$	1,606,258	$	1,834,178		$	107,623		$	3,548,059

Derivative liabilities	$	-	$	783,650		$	295,743		$	1,079,393
Equity component of convertible debentures	$	3,220,473	$	-		$	-		$	3,220,473


For the year ended October 31, 2023:

		USD (equity component)		CAD (embedded derivative)			USD (embedded derivative)			Total
Consolidated Statement of Operations and Comprehensive Loss
Accretion expense	$	18,258	$	243,162		$	18,414		$	279,834
Interest expense	$	273,458	$	254,523		$	12,948		$	540,929
Gain on revaluation of derivative liabilities	$	-	$	(507,186	)	$	(151,317	)	$	(658,503	)
Loss on conversion of convertible debentures	$	-	$	-		$	21,120		$	21,120
Loss on repayment of convertible debentures	$	-	$	-		$	27,243		$	27,243
(Gain) loss on extinguishment of convertible debentures	$	33,488	$	1,169,800		$	197,535		$	1,400,823

Consolidated Statement of Changes in Equity
Amount of principal converted to common shares	$	250,000	$	455,000		$	232,700
Amount of interest converted to common shares	$	30,016	$	204,189		$	4,654

Number of common shares issued on conversion of convertible debentures		6,406,250		14,391,709			9,548,701			30,346,660

(a) Current period information presented in the consolidated financial statements

		USD (equity component)		CAD (embedded derivative)		USD (embedded derivative)		Total
Consolidated Statement of Cash Flows
Amount of principal repaid in cash	$	-	$	-	$	270,000	$	270,000
Amount of interest repaid in cash	$	12,973	$	47,353	$	4,353	$	64,679

⁽ⁱ⁾Conversion price defined as 75% multiplied by the average of the lowest 3 closing stock prices for the 10 trading days prior to conversion date.

⁽ⁱⁱ⁾Conversion price defined as 75% multiplied by the lowest stock price for the 20 trading days prior to conversion date.

(b) Comparative information presented in the consolidated financial statements

Convertible debentures outstanding as at October 31, 2022:

		USD (equity component)		CAD (embedded derivative)		USD (embedded derivative)		Total
Loan principal outstanding	$	1,205,144	$	2,321,755	$	347,700

Terms of loan
Annual stated interest rate		12% - 24%		12% - 24%		2% - 4%
Effective annual interest rate		24%		22 - 131%		24% - 5803%
Conversion price to common shares		$0.03 - $0.07		$0.05 - $0.08		^{(i) - (ii)}
Remaining life (in months)		0 - 6		0 - 10		0 - 11

Consolidated Statement of Financial Position
Carrying value of loan principal	$	1,203,478	$	1,661,742	$	130,424	$	2,995,644
Interest payable		380,360		389,617		26,443		796,420
Convertible debentures	$	1,583,838	$	2,051,359	$	156,867	$	3,792,064

Derivative liabilities	$	-	$	439,194	$	202,105	$	641,299
Equity component of convertible debentures	$	793,140	$	-	$	-	$	793,140

⁽ⁱ⁾Conversion price defined as 75% multiplied by the average of the lowest 3 closing stock prices for the 10 trading days prior to conversion date.

⁽ⁱⁱ⁾Conversion price defined as 75% multiplied by the lowest stock price for the 20 trading days prior to conversion date.

For the year ended October 31, 2022:

		USD (equity component)			CAD (embedded derivative)			USD (embedded derivative)			Total
Consolidated Statement of Operations and Comprehensive Loss
Accretion expense	$	28,000		$	1,086,385		$	65,218		$	1,179,603
Interest expense	$	230,058		$	232,211		$	7,156		$	469,425
Gain on revaluation of derivative liabilities	$	-		$	(379,736	)	$	(29,871	)	$	(409,607	)
Loss on conversion of convertible debentures	$	-		$	-		$	94,326		$	94,326
Gain on repayment of convertible debentures	$	-		$	(661	)	$	(47,216	)	$	(47,877	)
(Gain) loss on extinguishment of convertible debentures	$	(28,007	)	$	99,078		$	129,579		$	200,650

(b) Comparative information presented in the consolidated financial statements

		USD (equity component)		CAD (embedded derivative)			USD (embedded derivative)			Total
Consolidated Statement of Changes in Equity
Amount of principal converted to common shares	$	-	$	-		$	712,100
Amount of interest converted to common shares	$	-	$	-		$	12,680

Number of common shares issued on conversion of convertible debentures		-		-			26,443,820			26,443,820

Consolidated Statement of Cash Flows
Amount of principal repaid in cash	$	-	$	7,490		$	56,000		$	63,490
Amount of interest repaid in cash	$	14,941	$	73,524		$	-		$	88,465

For the year ended October 31, 2021:

		USD (equity component)		CAD (embedded derivative)			USD (embedded derivative)			Total
Consolidated Statement of Operations and Comprehensive Loss
Accretion expense	$	28,001	$	1,003,613		$	138,307		$	1,169,921
Interest expense	$	236,519	$	226,520		$	32,770		$	495,809
(Gain) loss on revaluation of derivative liabilities	$	-	$	(2,718,409	)	$	171,217		$	(2,547,192	)
(Gain) loss on conversion of convertible debentures	$	-	$	(47,356	)	$	37,850		$	(9,506	)
(Gain) loss on extinguishment of convertible debentures	$	-	$	1,360,536		$	(341,608	)	$	1,018,928

Consolidated Statement of Changes in Equity
Amount of principal converted to common shares	$	-	$	100,000		$	284,000
Amount of interest converted to common shares	$	30,200	$	160,064		$	6,700

Number of common shares issued on conversion of convertible debentures		1,118,519		7,744,774			6,748,559			15,611,852

Consolidated Statement of Cash Flows
Amount of principal repaid in cash	$	205,100	$	31,492		$	364,370		$	600,962
Amount of interest repaid in cash	$	25,101	$	36,052		$	26,113		$	87,266