*Denominated in CAD		USD (equity		CAD (embedded			USD (embedded
		component)		derivative)			derivative)		Total
Loan principal outstanding	$	1,717,541	$	2,158,314	*	$	488,750

Terms of loan
Annual stated interest rate		12% - 24%		12% - 24%			2% - 4%
Effective annual interest rate		24%		23% - 24%			24% - 176%
Conversion price to common shares		$0.03 - $0.04		$0.05 - $0.10
Remaining life (in months)		0 - 4		0 - 6			0 - 12

Consolidated Statement of Financial Position
Carrying value of loan principal	$	1,717,541	$	1,494,980		$	185,858	$	3,398,379
Interest payable		326,127		533,990			36,063		896,180
Convertible debentures	$	2,043,668	$	2,028,970		$	221,921	$	4,294,559
Derivative liabilities	$	-	$	191,039		$	230,370	$	421,409
Equity component of convertible debentures	$	1,898,142	$	-		$	-	$	1,898,142

For the year ended October 31, 2025:
		USD (equity			CAD (embedded			USD (embedded
		component)			derivative)			derivative)			Total
Consolidated Statement of Operations and Comprehensive Loss
Accretion expense	$	5,636		$	143,047		$	141,525		$	290,208
Interest expense	$	364,137		$	235,626		$	12,535		$	612,298
Loss (gain) on revaluation of derivative liabilities	$	-		$	(1,317,070	)	$	(43,393	)	$	(1,360,463	)
Loss (gain) on conversion of convertible debentures	$	-		$	-		$	9,821		$	9,821
Loss (gain) on repayment of convertible debentures	$	-		$	(9,522	)	$	15,006		$	5,484
Loss (gain) on extinguishment of convertible debentures	$	(5,636	)	$	(16,358	)	$	129,355		$	107,361

Consolidated Statement of Changes in Equity
Amount of principal converted to common shares	$	-		$	66,000	*	$	103,275
Amount of interest converted to common shares	$	44,106		$	84,000	*	$	2,025
Number of common shares issued on conversion of convertible
debentures		1,600,588			-			3,073,940			4,674,528

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

		USD (equity		CAD (embedded		USD (embedded
		component)		derivative)		derivative)		Total
Consolidated Statement of Cash Flows
Amount of principal repaid in cash	$	16,000	$	17,596	$	384,319	$	417,915
Amount of interest repaid in cash	$	8,209	$	59,714	$	7,087	$	75,010

(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.

(b) Comparative information presented in the consolidated financial statements

Convertible debentures outstanding as at October 31, 2024:

*Denominated in CAD		USD (equity		CAD (embedded			USD (embedded
		component)		derivative)			derivative)		Total
Loan principal outstanding	$	1,413,245	$	1,523,657	*	$	231,250

Terms of loan
Annual stated interest rate		12% - 24%		12% - 24%			2% - 4%
Effective annual interest rate		24%		14% - 270%			24% - 176%
Conversion price to common shares		$0.03 - $0.04		$0.05 - $0.10	*		(i) - (ii)
Remaining life (in months)		0 - 4		0 - 6			0 - 12

Consolidated Statement of Financial Position
Carrying value of loan principal	$	1,413,245	$	1,461,356		$	106,347	$	2,980,948
Interest payable		333,000		506,685			32,640		872,325
Convertible debentures	$	1,746,245	$	1,968,041		$	138,987	$	3,853,273
Derivative liabilities	$	-	$	1,444,932		$	125,743	$	1,570,675
Equity component of convertible debentures	$	696,671	$	-		$	-	$	696,671

(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, 2024:

		USD (equity			CAD (embedded			USD (embedded
		component)			derivative)			derivative)			Total
Consolidated Statement of Operations and Comprehensive Loss
Accretion expense	$	5,636		$	174,437		$	92,428		$	272,501
Interest expense	$	329,432		$	262,743		$	10,725		$	602,900
Loss (gain) on revaluation of derivative liabilities	$	-		$	179,315		$	(100,400	)	$	78,915
Loss (gain) on conversion of convertible debentures	$	-		$	-		$	45,535		$	45,535
Loss (gain) on repayment of convertible debentures	$	-		$	(8,269	)	$	70,522		$	62,253
Loss (gain) on extinguishment of convertible debentures	$	(5,636	)	$	376,297		$	81,587		$	452,248

(b) Comparative information presented in the consolidated financial statements

		USD (equity		CAD (embedded			USD (embedded
		component)		derivative)			derivative)		Total
Consolidated Statement of Changes in Equity
Amount of principal converted to common shares	$	159,106	$	60,197	*	$	431,907
Amount of interest converted to common shares	$	44,106	$	197	*	$	8,469

Number of common shares issued on conversion of convertible debentures		5,566,285		1,203,945			30,035,070		36,805,300

Consolidated Statement of Cash Flows
Amount of principal repaid in cash	$	16,000	$	88,326		$	183,134	$	287,460
Amount of interest repaid in cash	$	14,339	$	58,528		$	-	$	72,867

For the year ended October 31, 2023:

*Denominated in CAD		USD (equity		CAD (embedded			USD (embedded
		component)		derivative)			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
Loss (gain) on revaluation of derivative liabilities	$	-	$	(507,186	)	$	(151,317	)	$	(658,503	)
Loss (gain) on conversion of convertible debentures	$	-	$	-		$	21,120		$	21,120
Loss (gain) on repayment of convertible debentures	$	-	$	-		$	27,243		$	27,243
Loss (gain) 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

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