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<div> <div> <div> 1. Corporate Information Loncor Gold Inc. (the "Company" or "Loncor") is a corporation governed by the Ontario Business Corporations Act. In June 2021, the Company changed its name from Loncor Resources Inc. to Loncor Gold Inc. The principal business of the Company is the acquisition and exploration of mineral properties. These consolidated financial statements as at December 31, 2022 and 2021 and for the years ended December 31, 2022, 2021 and 2020 include the accounts of the Company and of its wholly owned subsidiaries in the Democratic Republic of the Congo (the "Congo"), Loncor Resources Congo SARL, and in Canada, Loncor Kilo Inc. Loncor Resources Congo SARL owns 100% of the common shares of Devon Resources SARL and 100% of Navarro Resources SARL. Loncor Kilo Inc. owns 84.68% of the outstanding shares of Adumbi Mining S.A. ("Adumbi"), a company registered in the Congo which changed its name from KGL-Somituri SARL in January 2020, and 100% of the common shares of Kilo Isiro Atlantic Ltd (a British Virgin Islands company). Kilo Isiro Atlantic Ltd owns 100% of the shares of Isiro (Jersey) Limited which in turn owns 100% of the shares of KGL Isiro SARL in the Congo. The Company is a publicly traded company whose outstanding common shares trade on the Toronto Stock Exchange, the OTCQX market in the United States and the Frankfurt Stock Exchange. The head office of the Company is located at 4120 Yonge Street, Suite 304 Toronto, Ontario, M2P 2B8, Canada. </div> </div> </div>

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<div> 3. Summary of Significant Accounting Policies The accounting policies set out below have been applied consistently by all group entities and to all periods presented in these consolidated financial statements, unless otherwise indicated. <div> a) Basis of Consolidation i. Subsidiaries Subsidiaries consist of entities over which the Company is exposed to, or has rights to, variable returns as well as ability to offset these returns through the power to direct the relevant activities of the entity. This control is generally evidenced through owning more than 50% of the voting rights or currently exercisable potential voting rights of a company's share capital. The financial statements of subsidiaries are included in the consolidated financial statements of the Company from the date that control commences until the date that control ceases. Consolidation accounting is applied for all of the Company's wholly-owned subsidiaries (see note 5). ii. Transactions eliminated on consolidation Inter-company balances, transactions, and any unrealized income and expenses, are eliminated in preparing the consolidated financial statements. Unrealized gains arising from transactions with associates are eliminated against the investment to the extent of the Company's interest in the investee. Unrealized losses are eliminated in the same way as unrealized gains, but only to the extent that there is no evidence of impairment. </div> <div> <div> b) Use of Estimates and Judgments </div> The preparation of these consolidated financial statements in conformity with IFRS requires management to make judgments, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimates are revised and in any future periods affected. Information about critical judgments in applying accounting policies and estimates that have the most significant effect on the amounts recognized in these consolidated financial statements is included in the following notes: <div> </div> Estimates: i. Impairment Assets, including property, plant and equipment, and exploration and evaluation assets, are reviewed for impairment whenever events or changes in circumstances indicate that their carrying amounts exceed their recoverable amounts. If an impairment assessment is required, the assessment of fair value often requires estimates and assumptions such as discount rates, exchange rates, commodity prices, rehabilitation and restoration costs, future capital requirements and future operating performance. Changes in such estimates could impact recoverable values of these assets. Estimates are reviewed regularly by management. ii. Share-based payment transactions The Company measures the cost of equity-settled transactions with employees by reference to the fair value of the equity instruments at the date at which they are granted. Estimating fair value for share-based payment transactions requires determining the most appropriate valuation model, which is dependent on the terms and conditions of the grant. This estimate also requires determining the most appropriate inputs to the valuation model including the expected life of the stock option, volatility and dividend yield and making assumptions about them. The assumptions and models used for estimating fair value for share-based payment transactions are disclosed in Note 14. For warrant-based derivative financial instruments, the Company uses the Black-Scholes option pricing model to estimate fair value of the derivative instruments. The assumptions and models used for estimating fair value of warrant-based derivative financial instruments are disclosed in Note 13. Judgments: i. Provisions and contingencies The amount recognized as provision, including legal, contractual, constructive and other exposures or obligations, is the best estimate of the consideration required to settle the related liability, including any related interest charges, taking into account the risks and uncertainties surrounding the obligation. In addition, contingencies will only be resolved when one or more future events occur or fail to occur. Therefore assessment of contingencies inherently involves the exercise of significant judgment and estimates of the outcome of future events. The Company assesses its liabilities and contingencies based upon the best information available, relevant tax laws and other appropriate requirements. As at December 31, 2022 and 2021, the Company does not have any material asset retirement obligations related to its exploration and evaluation assets. ii. Title to mineral property interests Although the Company has taken steps to verify title to mineral properties in which it has an interest, these procedures do not guarantee the Company's title. Such properties may be subject to prior agreements or transfers and title may be affected by undetected defects, government renegotiation, other legal claims, and non-compliance with regulatory, social and environmental requirements. iii. Exploration and evaluation expenditure The application of the Company's accounting policy for exploration and evaluation expenditure requires significant judgment in determining whether it is likely that future economic benefits will flow to the Company, which may be based on assumptions about future events or circumstances. Estimates and assumptions made may change if new information becomes available. There are key circumstances that would indicate a test for impairment is required, which include: the expiry of the right to explore, substantive expenditure on further exploration is not planned, exploration for and evaluation of the mineral resources in the area have not led to discovery of commercially viable quantities, and/or sufficient data exists to show that the carrying amount of the asset is unlikely to be recovered in full from successful development or by sale. If information becomes available suggesting impairment, the amount capitalized is written off in the consolidated statement of loss and comprehensive loss during the year the new information becomes available. <div> </div> Significant judgements have been made with regards to the potential for indicators of impairment. This includes judgements related to the ability to carry out the desired exploration activities as a result of various permits currently being under force majeure due to the poor security situation at the North Kivu property and the need to allocate resources amongst different projects based on the availability of capital and funding. iv. Functional and presentation currency Judgment is required to determine the functional currency of the Company and its subsidiaries. These judgments are continuously evaluated and are based on management's experience and knowledge of the relevant facts and circumstances. </div> <div> <div> c) Foreign Currency Translation </div> i. Functional and presentation currency These consolidated financial statements are presented in United States dollars ("$"), which is the Company's functional and presentation currency. The United States dollar was determined to be the functional currency of the Company's Congo subsidiaries. References to Cdn$represent Canadian dollars. ii. Foreign currency transactions The functional currency for each of the Company's subsidiaries and any associates is the currency of the primary economic environment in which the entity operates. Transactions entered into by the Company's subsidiaries and any associates in a currency other than the currency of the primary economic environment in which they operate (their "functional currency") are recorded at the rates ruling when the transactions occur except depreciation and amortization which are translated at the rates of exchange applicable to the related assets, with any gains or losses recognized in the consolidated statements of loss and comprehensive loss. Foreign currency monetary assets and liabilities are translated at current rates of exchange with the resulting gain or losses recognized in the statements of loss and comprehensive loss. Non-monetary assets and liabilities are translated using the historical exchange rates. Non-monetary assets and liabilities measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value is determined. </div> <div> d) Cash and Cash Equivalents Cash and cash equivalents includes cash on hand, deposits held on call with financial institutions, and other short-term, highly liquid investments with original maturities of three months or less that are readily convertible to known amounts. </div> <div> <div> e) Financial assets and liabilities </div> Financial assets Initial recognition and measurement Non-derivative financial assets within the scope of IFRS 9 are classified and measured as "financial assets at fair value", as either FVPL or FVOCI, and "financial assets at amortized cost", as appropriate. The Company determines the classification of financial assets at the time of initial recognition based on the Company's business model and the contractual terms of the cash flows. <div> </div> All financial assets are recognized initially at fair value plus, in the case of financial assets not at FVPL, directly attributable transaction costs on the trade date at which the Company becomes a party to the contractual provisions of the instrument. Financial assets with embedded derivatives are considered in their entirety when determining their classification at FVPL or at amortized cost. The Company has classified advance receivable held for collection of contractual cash flows as financial assets measured at amortized cost. Subsequent measurement - financial assets at amortized cost After initial recognition, financial assets measured at amortized cost are subsequently measured at the end of each reporting period at amortized cost using the Effective Interest Rate ("EIR") method. Amortized cost is calculated by taking into account any discount or premium on acquisition and any fees or costs that are an integral part of the EIR. Subsequent measurement - financial assets at FVPL Financial assets measured at FVPL include financial assets management intends to sell in the short term and any derivative financial instrument that is not designated as a hedging instrument in a hedge relationship. Financial assets measured at FVPL are carried at fair value in the consolidated statements of financial position with changes in fair value recognized in other income or expense in the consolidated statements of loss and comprehensive loss. Subsequent measurement - financial assets at FVOCI Financial assets measured at FVOCI are non-derivative financial assets that are not held for trading and the Company has made an irrevocable election at the time of initial recognition to measure the assets at FVOCI. The Company does not measure any financial assets at FVOCI. After initial measurement, investments measured at FVOCI are subsequently measured at fair value with unrealized gains or losses recognized in other comprehensive income or loss in the consolidated statements of loss and comprehensive loss. When the investment is sold, the cumulative gain or loss remains in accumulated other comprehensive income or loss and is not reclassified to profit or loss. Dividends from such investments are recognized in other income in the consolidated statements of loss and comprehensive loss when the right to receive payments is established. Derecognition A financial asset is derecognized when the contractual rights to the cash flows from the asset expire, or the Company no longer retains substantially all the risks and rewards of ownership. Impairment of financial assets The Company's only financial assets subject to impairment are advances receivable and prepaid expenses, which are measured at amortized cost. The Company has elected to apply the simplified approach to impairment as permitted by IFRS 9, which requires the expected lifetime loss to be recognized at the time of initial recognition of the receivable. To measure estimated credit losses, advances receivable have been grouped based on shared credit risk characteristics, including the number of days past due. An impairment loss is reversed in subsequent periods if the amount of the expected loss decreases and the decrease can be objectively related to an event occurring after the initial impairment was recognized. <div> </div> Financial liabilities Initial recognition and measurement Financial liabilities are measured at amortized cost, unless they are required to be measured at FVPL as is the case for held for trading or derivative instruments, or the Company has opted to measure the financial liability at FVPL. The Company's financial liabilities include accounts payable, accrued liabilities, due to related parties, employee retention allowance, lease obligations, and loans, which are each measured at amortized cost. All financial liabilities are recognized initially at fair value and in the case of long-term debt, net of directly attributable transaction costs. Subsequent measurement - financial liabilities at amortized cost After initial recognition, financial liabilities measured at amortized cost are subsequently measured at the end of each reporting period at amortized cost using the EIR method. Amortized cost is calculated by taking into account any discount or premium on acquisition and any fees or costs that are an integral part of the EIR. Derecognition A financial liability is derecognized when the obligation under the liability is discharged, cancelled or expires with any associated gain or loss recognized in other income or expense in the consolidated statements of loss and comprehensive loss. </div> <div> f) Loss Per Share Basic loss per share is computed by dividing the net loss applicable by the weighted average number of common shares outstanding during the reporting period. Diluted loss per share is computed by dividing the net loss by the sum of the weighted average number of common shares issued and outstanding during the reporting period and all additional common shares for the assumed exercise of options and warrants outstanding for the reporting period, if dilutive. When the Company is incurring losses, basic and diluted loss per share are the same since including the exercise of outstanding options and share purchase warrants in the diluted loss per share calculation would be anti-dilutive. </div> <div> <div> g) Property, Plant and Equipment ("PPE") </div> i. Recognition and measurement Items of PPE are measured at cost less accumulated depreciation and accumulated impairment losses. Cost includes expenditures that are directly attributable to the acquisition of the asset. The cost of self-constructed assets includes the cost of materials, directed labor and any other cost directly attributable to bring the asset to the location and condition necessary to be capable of operating in the manner intended by the Company. ii. Subsequent costs The cost of replacing part of an item of PPE is recognized in the carrying amount of the item if it is probable that the future economic benefits embodied within the part will flow to the Company and its cost can be measured reliably. The carrying amount of the replaced part is derecognized and included in net loss. If the carrying amount of the replaced component is not known, it is estimated based on the cost of the new component less estimated depreciation. The costs of the day-to-day servicing of property, plant and equipment are recognized in the consolidated statement of loss. iii. Depreciation Depreciation is based on the cost of an asset less its residual value. Significant components of individual assets are assessed to determine whether a component has an estimated useful life that is different from that of the remainder of that asset, in which case that component is depreciated separately. Depreciation is recognized in profit or loss over the estimated useful lives of each item or component of an item of PPE as follows: <div> </div> <ul> <li style="margin-left: 17pt; text-align: justify;">Furniture and fixtures straight line over 4 Years </li> <li style="margin-left: 17pt; text-align: justify;">Office and communications equipment straight line over 4 Years </li> <li style="margin-left: 17pt; text-align: justify;">Vehicles straight line over 4 Years </li> <li style="margin-left: 17pt; text-align: justify;">Field camps and equipment straight line over 4 Years </li> <li style="margin-left: 17pt; text-align: justify;">Right-of-use asset straight line over the shorter of the estimated useful life of the asset or the lease term </li> <li style="margin-left: 17pt; text-align: justify;">Leasehold improvements straight line over the lease term </li> <li style="margin-left: 17pt; text-align: justify;">Buildings straight line over 25 Years </li> </ul> Depreciation methods, useful lives and residual values are reviewed annually and adjusted, if appropriate. Depreciation commences when an asset is available for use. Changes in estimates are accounted for prospectively. </div> <div> <div> h) Exploration and Evaluation Assets </div> All direct costs related to exploration and evaluation of mineral properties, net of incidental revenues and recoveries, are capitalized under exploration and evaluation assets. Exploration and evaluation expenditures include such costs as acquisition of rights to explore; sampling, trenching and surveying costs; costs related to topography, geology, geochemistry and geophysical studies; drilling costs and costs in relation to technical feasibility and commercial viability of extracting a mineral resource. Exploration and evaluation expenditures incurred by Barrick Gold (Congo) SARL ("Barrick") under the Farm-in arrangement (See note 9) were recorded on a cost-based approach and accounted in the same way as they would for expenditures directly incurred by the Company as described in the above paragraph. Exploration and evaluation expenditures incurred by Barrick were offset by funding received from Barrick such that no liability arises before an approved pre-feasibility study is completed. </div> <div> i) Intangible Assets Intangible assets acquired by way of an asset acquisition or business combination are recognized if the asset is separable or arises from contractual or legal rights and the fair value can be measured reliably on initial recognition. On acquisition of a mineral property in the exploration stage, the Company estimates the fair value attributable to the exploration licenses acquired. The fair value of the exploration license is recorded as an intangible asset as at the date of acquisition. When an exploration stage property moves into development, the acquired exploration potential attributable to that property is transferred to mining interests within PP&E. Intangible assets are subject to impairment testing annually or more frequently should events or changes in circumstances indicate that they might be impaired. </div> <div> <div> <div> j) Impairment of Non-Financial Assets </div> The Company's PPE, exploration and evaluation assets, and intangible assets are assessed for indication of impairment at each consolidated statement of financial position date. Exploration and evaluation assets are assessed for impairment when facts and circumstances suggest that the carrying amount of an exploration and evaluation asset may exceed its recoverable amount. When facts and circumstances suggest that the carrying amount exceeds the recoverable amount, an entity shall measure, present and disclose any resulting impairment in accordance with IAS 36 Impairment of Assets. Internal factors, such as budgets and forecasts, as well as external factors, such as expected future prices, costs and other market factors are also monitored to determine if indications of impairment exist. If any indication of impairment exists, an estimate of the asset's recoverable amount is calculated. The recoverable amount is determined as the higher of the fair value less costs to sell for the asset and the asset's value in use. This is determined for an individual asset, unless the asset does not generate cash inflows that are largely independent of those from other assets or the Company's assets. If this is the case, the individual assets are grouped together into cash generating units ("CGU") for impairment purposes. Such CGUs represent the lowest level for which there are separately identifiable cash inflows that are largely independent of the cash flows from other assets. <div> </div> If the carrying amount of the asset exceeds its recoverable amount, the asset is impaired and an impairment loss is charged to the statements of loss and comprehensive loss so as to reduce the carrying amount to its recoverable amount (i.e., the higher of fair value less cost to sell and value in use). Fair value less cost to sell is the amount obtainable from the sale of an asset or CGU in an arm's length transaction between knowledgeable, willing parties, less the costs of disposal. Value in use is determined as the present value of the future cash flows expected to be derived from an asset or CGU. Estimated future cash flows are calculated using estimated future prices, any mineral reserves and resources and operating and capital costs. All assumptions used are those that an independent market participant would consider appropriate. The estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which estimates of future cash flows have not been adjusted. During the year ended December 31, 2022, the Company recognized an impairment of exploration and evaluation assets for $nil (December 31, 2021 - $452,251 and 2020 - $nil) to adjust the carrying value of the assets to their fair value, using a level 3 value in use methodology. </div> </div> <div> k) Income Taxes Income tax expense consists of current and deferred tax expense. Income tax expense is recognized in the statement of loss and comprehensive loss, except to the extent that it relates to items recognized in other comprehensive income or directly in equity. In this case, the tax is also recognized in other comprehensive income or directly in equity. Current income tax assets and liabilities for the current and prior periods are measured at the amount expected to be recovered from or paid to the taxation authorities. The tax rates and tax laws used to compute current income tax assets and liabilities are measured at future anticipated tax rates, which have been enacted or substantively enacted at the reporting date. Current tax assets and current tax liabilities are only offset if a legally enforceable right exists to set off the amounts, and the Company intends to settle on a net basis, or to realize the asset and settle the liability simultaneously. Deferred taxation is provided on all qualifying temporary differences at the reporting date between the tax basis of assets and liabilities and their carrying amounts for financial reporting purposes. Deferred tax assets are only recognized to the extent that it is probable that the deductible temporary differences will reverse in the foreseeable future and future taxable profit will be available against which the temporary difference can be utilized. Deferred tax liabilities and assets are not recognized for temporary differences between the carrying amount and tax bases of investments in controlled entities where the parent entity is able to control the timing of the reversal of the temporary differences and it is probable that the differences will not reverse in the foreseeable future. Deferred tax assets and liabilities are offset when there is a legally enforceable right to offset current tax assets and liabilities and when the deferred tax balances relate to the same taxation authority. </div> <div> l) Share-Based Payments Equity-settled share-based payments for directors, officers and employees are measured at fair value at the date of grant and recorded as compensation expense in the consolidated financial statements. The fair value determined at the grant date of the equity-settled share-based payments is expensed over the vesting period based on the Company's estimate of options that will eventually vest. The number of forfeitures likely to occur is estimated on grant date and is revised as deemed necessary. <div> </div> Compensation expense on stock options granted to consultants is measured at the earlier of the completion of performance and the date the options are vested using the fair value method and is recorded as an expense in the same period as if the Company had paid cash for the goods or services received. When the value of goods or services received in exchange for the share-based payment cannot be reliably estimated, the fair value is measured by use of a Black-Scholes valuation model. The expected life used in the model is adjusted, based on management's best estimate, for the effects of non-transferability, exercise restrictions, and behavioural considerations. Any consideration paid by directors, officers, employees and consultants on exercise of equity-settled share-based payments is credited to share capital. Shares are issued from treasury upon the exercise of equity-settled share-based instruments. </div> <div> <div> m) Provisions and Contingencies </div> Provisions are recognized when a legal or constructive obligation exists, as a result of past events, and it is probable that an outflow of resources that can be reliably estimated will be required to settle the obligation. Where the effect is material, the provision is discounted using an appropriate current market-based pre-tax discount rate. The increase in the provision due to passage of time is recognized as interest expense. When a contingency substantiated by confirming events, can be reliably measured and is likely to result in an economic outflow, a liability is recognized as the best estimate required to settle the obligation. A contingent liability is disclosed where the existence of an obligation will only be confirmed by future events, or where the amount of a present obligation cannot be measured reliably or will likely not result in an economic outflow. Contingent assets are only disclosed when the inflow of economic benefits is probable. When the economic benefit becomes virtually certain, the asset is no longer contingent and is recognized in the consolidated financial statements. </div> <div> <div> n) Related Party Transactions </div> Parties are considered to be related if one party has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Parties are also considered to be related if they are subject to common control or common significant influence. Related parties may be individuals or corporate entities. A transaction is considered to be a related party transaction when there is a transfer of resources or obligations between related parties. Related party transactions are in the normal course of business and have commercial substance. </div> <div> o) Decommisioning obligations The Company recognizes an estimate of the liabilities associated with decommissioning obligations when it has a present legal or constructive obligation as a result of past events, it is probable that an outflow of resources will be required to settle the obligation, and a reliable estimate of the obligation can be made. The estimated fair value of the decommissioning obligations is recorded as a long-term liability, with a corresponding increase in the carrying amount of the related asset. The capitalized amount is amortized over the estimated life of the asset. The liability amount is increased each reporting period due to the passage of time and the amount of accretion is charged to any earnings in the period. The decommissioning obligations are charged against the decommissioning obligations to the extent of the liability recorded. The Company has no material decommissioning obligations as at December 31, 2022 and 2021. </div> <div> </div> <div> p) Business Combination On the acquisition of a business, the Company uses the acquisition method of accounting, whereby the purchase consideration is allocated to the identifiable assets and liabilities on the basis of fair value at the date of acquisition. Incremental costs related to acquisitions are expensed as incurred. When the cost of the acquisition exceeds the fair value of the identifiable net assets acquired, the difference is recorded as goodwill. If the fair value attributable to the Company's share of the identifiable net assets exceeds the cost of acquisition, the difference is recognized as a gain in the consolidated statement of loss and comprehensive loss. </div> <div> <div> q) Derivative Financial Instruments </div> The Company reviews the terms of its equity instruments and other financing arrangements to determine whether or not there are embedded derivative instruments that are required to be accounted for separately as a derivative financial instrument. The deriviative financial instrument is presumed to be classified as a derivative financial liability unless it meets all the criteria to recognize as equity instrument under IAS 32, Financial Instruments: Presentation. One of the criteria is that the conversion option exchanges a fixed amount of shares for a fixed amount of cash ("fixed for fixed"). For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value and is then re-valued at each reporting date, with changes in the fair value reported as charges or credits to profit or loss. The Company uses the Black-Scholes option pricing model to estimate fair value of the derivative instruments. The classification of derivative instruments, including whether or not such instruments should be recorded as liabilities or as equity, is reassessed at the end of each reporting period. If reclassification is required, the fair value of the derivative instrument, as of the determination date, is reclassified. Any previous charges or credits to income for changes in the fair value of the derivative instrument are not reversed. </div> <div> <div> r) Employee retention allowance </div> The Company previously had an incentive employee retention policy under which an amount equal to one month salary per year of service was accrued to each qualified employee up to a maximum of 10 months (or 10 years of service with the Company and/or a related company). To qualify for this retention allowance, an employee was required to complete two years of service with the Company and/or a related company. The full amount of retention allowance accumulated by a particular employee is paid out when the employee is no longer employed with the Company, unless other arrangements are made or unless there is a termination due to misconduct, in which case the retention allowance is forfeited. While the retention allowance policy was discontinued by the Company effective December 31, 2017, the retention allowance amounts accrued up to December 31, 2017 remain recorded as a liability in the Company's consolidated statement of financial position. There is uncertainty about the timing and amount of these potential retention allowance payments. </div> <div> <div> s) Right-of-use assets and lease obligation </div> Right-of-use assets are measured at cost, less any accumulated depreciation and impairment losses, and adjusted for any remeasurement of lease liabilities. The cost of right-of-use assets includes the initial amount of lease liabilities recognized, initial direct costs incurred, and lease payments made at or before the commencement date less any lease incentives received. Unless the Company is reasonably certain to obtain ownership of the leased asset at the end of the lease term, the right-of-use assets are depreciated on a straight-line basis over the shorter of the estimated useful life and the lease term. Right-of-use assets are subject to impairment. At the commencement date of the lease, the Company recognizes a lease liability measured at the present value of lease payments to be made over the lease term, discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, the Company's incremental borrowing rate. <div> </div> After the commencement date, the amount of the lease liability is increased to reflect the accretion of interest and reduced for the lease payments made. In addition, the carrying amount of the lease liability is remeasured if there is a modification, a change in the lease term, a change in the fixed lease payments or a change in the assessment to purchase the underlying asset. The Company presents right-of-use assets in the property, plant and equipment line item on the consolidated statements of financial position and the lease liability in the lease obligation line item on the consolidated statements of financial position. Short-term leases and leases of low value assets The Company does not recognize right-of-use assets and lease liabilities for leases that have a lease term of 12 months or less and do not contain a purchase option or for leases related to low value assets. Lease payments on short-term leases and leases of low value assets are recognized as an expense in the consolidated statements of loss and comprehensive loss. Sub-leases The Company recognizes payments received from the sub-lease arrangements as lease income while retaining the right-of-use assets and the lease liability in its consolidated statements of financial position. </div> <div> t) Government Grants Government loan programs often include conditions that borrowers must meet throughout the term of the loan. Borrowers should recognize a government grant when there is reasonable assurance that they will meet the conditions attached to it and will receive the funds. A borrower may receive a loan from the government that, if certain conditions are met, all or a portion of the loan will be forgiven. If there is reasonable assurance that the borrower will meet the terms for the forgiveness of the loan, the loan is treated as a government grant in accordance with IAS 20. Otherwise, the loan should be accounted for in accordance with IFRS 9. In other programs, a borrower may receive a below-market interest rate loan from the government. A below-market interest loan is initially recognized at its fair value plus or minus any transaction costs inaccordance with IFRS 9. The interest rate differential, measured as the difference between the initial carrying value of the loan and the proceeds received, is treated as a government grant and accounted for in accordance with IAS 20. </div> <div> <div> u) New Accounting Standards Not Yet Adopted </div> IAS 1 - Presentation of Financial Statements On January 23, 2020, the IASB issued an amendment to IAS 1 Presentation of Financial Statements providing a more general approach to the classification of liabilities. The amendment clarifies that the classification of liabilities as current or noncurrent depends on the rights existing at the end of the reporting period as opposed to the expectations of exercising the right for settlement of the liability. The amendments further clarify that settlement refers to the transfer of cash, equity instruments, other assets, or services to the counterparty. The amendments are effective for annual periods beginning on or after January 1, 2024 and are to be applied retrospectively, with early adoption permitted. The Company is assessing the financial impact of the amendment on its consolidated financial statements. </div> </div>

<div> a) Basis of Consolidation i. Subsidiaries Subsidiaries consist of entities over which the Company is exposed to, or has rights to, variable returns as well as ability to offset these returns through the power to direct the relevant activities of the entity. This control is generally evidenced through owning more than 50% of the voting rights or currently exercisable potential voting rights of a company's share capital. The financial statements of subsidiaries are included in the consolidated financial statements of the Company from the date that control commences until the date that control ceases. Consolidation accounting is applied for all of the Company's wholly-owned subsidiaries (see note 5). ii. Transactions eliminated on consolidation Inter-company balances, transactions, and any unrealized income and expenses, are eliminated in preparing the consolidated financial statements. Unrealized gains arising from transactions with associates are eliminated against the investment to the extent of the Company's interest in the investee. Unrealized losses are eliminated in the same way as unrealized gains, but only to the extent that there is no evidence of impairment. </div>

0.50 <div> <div> b) Use of Estimates and Judgments </div> The preparation of these consolidated financial statements in conformity with IFRS requires management to make judgments, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimates are revised and in any future periods affected. Information about critical judgments in applying accounting policies and estimates that have the most significant effect on the amounts recognized in these consolidated financial statements is included in the following notes: <div> </div> Estimates: i. Impairment Assets, including property, plant and equipment, and exploration and evaluation assets, are reviewed for impairment whenever events or changes in circumstances indicate that their carrying amounts exceed their recoverable amounts. If an impairment assessment is required, the assessment of fair value often requires estimates and assumptions such as discount rates, exchange rates, commodity prices, rehabilitation and restoration costs, future capital requirements and future operating performance. Changes in such estimates could impact recoverable values of these assets. Estimates are reviewed regularly by management. ii. Share-based payment transactions The Company measures the cost of equity-settled transactions with employees by reference to the fair value of the equity instruments at the date at which they are granted. Estimating fair value for share-based payment transactions requires determining the most appropriate valuation model, which is dependent on the terms and conditions of the grant. This estimate also requires determining the most appropriate inputs to the valuation model including the expected life of the stock option, volatility and dividend yield and making assumptions about them. The assumptions and models used for estimating fair value for share-based payment transactions are disclosed in Note 14. For warrant-based derivative financial instruments, the Company uses the Black-Scholes option pricing model to estimate fair value of the derivative instruments. The assumptions and models used for estimating fair value of warrant-based derivative financial instruments are disclosed in Note 13. Judgments: i. Provisions and contingencies The amount recognized as provision, including legal, contractual, constructive and other exposures or obligations, is the best estimate of the consideration required to settle the related liability, including any related interest charges, taking into account the risks and uncertainties surrounding the obligation. In addition, contingencies will only be resolved when one or more future events occur or fail to occur. Therefore assessment of contingencies inherently involves the exercise of significant judgment and estimates of the outcome of future events. The Company assesses its liabilities and contingencies based upon the best information available, relevant tax laws and other appropriate requirements. As at December 31, 2022 and 2021, the Company does not have any material asset retirement obligations related to its exploration and evaluation assets. ii. Title to mineral property interests Although the Company has taken steps to verify title to mineral properties in which it has an interest, these procedures do not guarantee the Company's title. Such properties may be subject to prior agreements or transfers and title may be affected by undetected defects, government renegotiation, other legal claims, and non-compliance with regulatory, social and environmental requirements. iii. Exploration and evaluation expenditure The application of the Company's accounting policy for exploration and evaluation expenditure requires significant judgment in determining whether it is likely that future economic benefits will flow to the Company, which may be based on assumptions about future events or circumstances. Estimates and assumptions made may change if new information becomes available. There are key circumstances that would indicate a test for impairment is required, which include: the expiry of the right to explore, substantive expenditure on further exploration is not planned, exploration for and evaluation of the mineral resources in the area have not led to discovery of commercially viable quantities, and/or sufficient data exists to show that the carrying amount of the asset is unlikely to be recovered in full from successful development or by sale. If information becomes available suggesting impairment, the amount capitalized is written off in the consolidated statement of loss and comprehensive loss during the year the new information becomes available. <div> </div> Significant judgements have been made with regards to the potential for indicators of impairment. This includes judgements related to the ability to carry out the desired exploration activities as a result of various permits currently being under force majeure due to the poor security situation at the North Kivu property and the need to allocate resources amongst different projects based on the availability of capital and funding. iv. Functional and presentation currency Judgment is required to determine the functional currency of the Company and its subsidiaries. These judgments are continuously evaluated and are based on management's experience and knowledge of the relevant facts and circumstances. </div>

<div> <div> e) Financial assets and liabilities </div> Financial assets Initial recognition and measurement Non-derivative financial assets within the scope of IFRS 9 are classified and measured as "financial assets at fair value", as either FVPL or FVOCI, and "financial assets at amortized cost", as appropriate. The Company determines the classification of financial assets at the time of initial recognition based on the Company's business model and the contractual terms of the cash flows. <div> </div> All financial assets are recognized initially at fair value plus, in the case of financial assets not at FVPL, directly attributable transaction costs on the trade date at which the Company becomes a party to the contractual provisions of the instrument. Financial assets with embedded derivatives are considered in their entirety when determining their classification at FVPL or at amortized cost. The Company has classified advance receivable held for collection of contractual cash flows as financial assets measured at amortized cost. Subsequent measurement - financial assets at amortized cost After initial recognition, financial assets measured at amortized cost are subsequently measured at the end of each reporting period at amortized cost using the Effective Interest Rate ("EIR") method. Amortized cost is calculated by taking into account any discount or premium on acquisition and any fees or costs that are an integral part of the EIR. Subsequent measurement - financial assets at FVPL Financial assets measured at FVPL include financial assets management intends to sell in the short term and any derivative financial instrument that is not designated as a hedging instrument in a hedge relationship. Financial assets measured at FVPL are carried at fair value in the consolidated statements of financial position with changes in fair value recognized in other income or expense in the consolidated statements of loss and comprehensive loss. Subsequent measurement - financial assets at FVOCI Financial assets measured at FVOCI are non-derivative financial assets that are not held for trading and the Company has made an irrevocable election at the time of initial recognition to measure the assets at FVOCI. The Company does not measure any financial assets at FVOCI. After initial measurement, investments measured at FVOCI are subsequently measured at fair value with unrealized gains or losses recognized in other comprehensive income or loss in the consolidated statements of loss and comprehensive loss. When the investment is sold, the cumulative gain or loss remains in accumulated other comprehensive income or loss and is not reclassified to profit or loss. Dividends from such investments are recognized in other income in the consolidated statements of loss and comprehensive loss when the right to receive payments is established. Derecognition A financial asset is derecognized when the contractual rights to the cash flows from the asset expire, or the Company no longer retains substantially all the risks and rewards of ownership. Impairment of financial assets The Company's only financial assets subject to impairment are advances receivable and prepaid expenses, which are measured at amortized cost. The Company has elected to apply the simplified approach to impairment as permitted by IFRS 9, which requires the expected lifetime loss to be recognized at the time of initial recognition of the receivable. To measure estimated credit losses, advances receivable have been grouped based on shared credit risk characteristics, including the number of days past due. An impairment loss is reversed in subsequent periods if the amount of the expected loss decreases and the decrease can be objectively related to an event occurring after the initial impairment was recognized. <div> </div> Financial liabilities Initial recognition and measurement Financial liabilities are measured at amortized cost, unless they are required to be measured at FVPL as is the case for held for trading or derivative instruments, or the Company has opted to measure the financial liability at FVPL. The Company's financial liabilities include accounts payable, accrued liabilities, due to related parties, employee retention allowance, lease obligations, and loans, which are each measured at amortized cost. All financial liabilities are recognized initially at fair value and in the case of long-term debt, net of directly attributable transaction costs. Subsequent measurement - financial liabilities at amortized cost After initial recognition, financial liabilities measured at amortized cost are subsequently measured at the end of each reporting period at amortized cost using the EIR method. Amortized cost is calculated by taking into account any discount or premium on acquisition and any fees or costs that are an integral part of the EIR. Derecognition A financial liability is derecognized when the obligation under the liability is discharged, cancelled or expires with any associated gain or loss recognized in other income or expense in the consolidated statements of loss and comprehensive loss. </div>

<ul> <li style="margin-left: 17pt; text-align: justify;">Furniture and fixtures straight line over 4 Years </li> <li style="margin-left: 17pt; text-align: justify;">Office and communications equipment straight line over 4 Years </li> <li style="margin-left: 17pt; text-align: justify;">Vehicles straight line over 4 Years </li> <li style="margin-left: 17pt; text-align: justify;">Field camps and equipment straight line over 4 Years </li> <li style="margin-left: 17pt; text-align: justify;">Right-of-use asset straight line over the shorter of the estimated useful life of the asset or the lease term </li> <li style="margin-left: 17pt; text-align: justify;">Leasehold improvements straight line over the lease term </li> <li style="margin-left: 17pt; text-align: justify;">Buildings straight line over 25 Years </li> </ul>

straight line over 4 Years

straight line over the shorter of the estimated useful life of the asset or the lease term

straight line over the lease term

straight line over 25 Years

452251

<div> k) Income Taxes Income tax expense consists of current and deferred tax expense. Income tax expense is recognized in the statement of loss and comprehensive loss, except to the extent that it relates to items recognized in other comprehensive income or directly in equity. In this case, the tax is also recognized in other comprehensive income or directly in equity. Current income tax assets and liabilities for the current and prior periods are measured at the amount expected to be recovered from or paid to the taxation authorities. The tax rates and tax laws used to compute current income tax assets and liabilities are measured at future anticipated tax rates, which have been enacted or substantively enacted at the reporting date. Current tax assets and current tax liabilities are only offset if a legally enforceable right exists to set off the amounts, and the Company intends to settle on a net basis, or to realize the asset and settle the liability simultaneously. Deferred taxation is provided on all qualifying temporary differences at the reporting date between the tax basis of assets and liabilities and their carrying amounts for financial reporting purposes. Deferred tax assets are only recognized to the extent that it is probable that the deductible temporary differences will reverse in the foreseeable future and future taxable profit will be available against which the temporary difference can be utilized. Deferred tax liabilities and assets are not recognized for temporary differences between the carrying amount and tax bases of investments in controlled entities where the parent entity is able to control the timing of the reversal of the temporary differences and it is probable that the differences will not reverse in the foreseeable future. Deferred tax assets and liabilities are offset when there is a legally enforceable right to offset current tax assets and liabilities and when the deferred tax balances relate to the same taxation authority. </div>

<div> l) Share-Based Payments Equity-settled share-based payments for directors, officers and employees are measured at fair value at the date of grant and recorded as compensation expense in the consolidated financial statements. The fair value determined at the grant date of the equity-settled share-based payments is expensed over the vesting period based on the Company's estimate of options that will eventually vest. The number of forfeitures likely to occur is estimated on grant date and is revised as deemed necessary. <div> </div> Compensation expense on stock options granted to consultants is measured at the earlier of the completion of performance and the date the options are vested using the fair value method and is recorded as an expense in the same period as if the Company had paid cash for the goods or services received. When the value of goods or services received in exchange for the share-based payment cannot be reliably estimated, the fair value is measured by use of a Black-Scholes valuation model. The expected life used in the model is adjusted, based on management's best estimate, for the effects of non-transferability, exercise restrictions, and behavioural considerations. Any consideration paid by directors, officers, employees and consultants on exercise of equity-settled share-based payments is credited to share capital. Shares are issued from treasury upon the exercise of equity-settled share-based instruments. </div>

<div> p) Business Combination On the acquisition of a business, the Company uses the acquisition method of accounting, whereby the purchase consideration is allocated to the identifiable assets and liabilities on the basis of fair value at the date of acquisition. Incremental costs related to acquisitions are expensed as incurred. When the cost of the acquisition exceeds the fair value of the identifiable net assets acquired, the difference is recorded as goodwill. If the fair value attributable to the Company's share of the identifiable net assets exceeds the cost of acquisition, the difference is recognized as a gain in the consolidated statement of loss and comprehensive loss. </div>

98124 130000

0.7125

0.49

<div> <div style="margin-left: 66.6pt;"> <table cellpadding="0" cellspacing="0" style="width: 60%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;">Total consideration:</td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff;">Cash consideration</td> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 22%; text-align: right; background-color: #e6efff;">98,124</td> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 22%; text-align: right;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff;">Purchase Price</td> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 22%; text-align: right; background-color: #e6efff;">98,124</td> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 22%; text-align: right;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff;">Fair value of assets and liabilities:</td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 22%; text-align: right; background-color: #e6efff;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 22%; text-align: right;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff;">Cash and cash equivalent</td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 22%; text-align: right; background-color: #e6efff;">599</td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 22%; text-align: right;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff;">Property, Plant and Equipment</td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 22%; text-align: right; background-color: #e6efff;">223,346</td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 22%; text-align: right;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff;">Exploration and Evaluation Assets</td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 22%; text-align: right; background-color: #e6efff;">175,446</td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 22%; text-align: right;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff;">Accounts payable and accrued liabilities</td> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 22%; text-align: right; background-color: #e6efff;">(301,267</td> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;">)</td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 22%; text-align: right;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff;">Fair value of net assets acquired</td> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 22%; text-align: right; background-color: #e6efff;">98,124</td> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> </table> </div> </div>

98124

599

223346

175446

301267

98124

0.0504

140000

0.7125

0.7629

0.8468

0.0532

0.10

500000

100000

75000

190000

300000

<div> <div> 5. Subsidiaries The following table lists the Company's direct and indirect subsidiaries: <div> <div style="margin-left: 36pt;"> <table border="1" cellpadding="3" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="width: 20%; text-align: center; white-space: nowrap;">Name of Subsidiary</td> <td style="width: 20%; text-align: center; white-space: nowrap;">Place of Incorporation</td> <td style="width: 20%; text-align: center; white-space: nowrap;">Proportion of Ownership Interest</td> <td style="width: 20%; text-align: center; white-space: nowrap;">Direct/Indirect</td> <td style="width: 20%; text-align: center; white-space: nowrap;">Principal Activity</td> </tr> <tr> <td style="width: 20%; vertical-align: top; text-align: center;">Loncor Resources Congo SARL</td> <td style="width: 20%; vertical-align: top; text-align: center;">Democratic Republic of the Congo</td> <td style="width: 20%; vertical-align: top; text-align: center;">100%</td> <td style="width: 20%; vertical-align: top; text-align: center;">Direct</td> <td style="width: 20%; vertical-align: top; text-align: center;">Mineral Exploration</td> </tr> <tr> <td style="width: 20%; vertical-align: top; text-align: center;">Devon Resources SARL</td> <td style="width: 20%; vertical-align: top; text-align: center;">Democratic Republic of the Congo</td> <td style="width: 20%; vertical-align: top; text-align: center;">100%</td> <td style="width: 20%; vertical-align: top; text-align: center;">Indirect</td> <td style="width: 20%; vertical-align: top; text-align: center;">Mineral Exploration</td> </tr> <tr> <td style="width: 20%; vertical-align: top; text-align: center;">Navarro Resources SARL</td> <td style="width: 20%; vertical-align: top; text-align: center;">Democratic Republic of the Congo</td> <td style="width: 20%; vertical-align: top; text-align: center;">100%</td> <td style="width: 20%; vertical-align: top; text-align: center;">Indirect</td> <td style="width: 20%; vertical-align: top; text-align: center;">Mineral Exploration</td> </tr> <tr> <td style="width: 20%; vertical-align: top; text-align: center;">Loncor Kilo Inc.</td> <td style="width: 20%; vertical-align: top; text-align: center;">Ontario, Canada</td> <td style="width: 20%; vertical-align: top; text-align: center;">100%</td> <td style="width: 20%; vertical-align: top; text-align: center;">Direct</td> <td style="width: 20%; vertical-align: top; text-align: center;">Mineral Exploration</td> </tr> <tr> <td style="width: 20%; vertical-align: top; text-align: center;">Adumbi Mining S.A.</td> <td style="width: 20%; vertical-align: top; text-align: center;">Democratic Republic of the Congo</td> <td style="width: 20%; vertical-align: top; text-align: center;">84.68%</td> <td style="width: 20%; vertical-align: top; text-align: center;">Indirect</td> <td style="width: 20%; vertical-align: top; text-align: center;">Mineral Exploration</td> </tr> <tr> <td style="width: 20%; vertical-align: top; text-align: center;">KGL Isiro Atlantic Ltd</td> <td style="width: 20%; vertical-align: top; text-align: center;">British Virgin Islands</td> <td style="width: 20%; vertical-align: top; text-align: center;">100%</td> <td style="width: 20%; vertical-align: top; text-align: center;">Indirect</td> <td style="width: 20%; vertical-align: top; text-align: center;">Mineral Exploration</td> </tr> <tr> <td style="width: 20%; vertical-align: top; text-align: center;">Isiro (Jersey) Limited</td> <td style="width: 20%; vertical-align: top; text-align: center;">Jersey</td> <td style="width: 20%; vertical-align: top; text-align: center;">100%</td> <td style="width: 20%; vertical-align: top; text-align: center;">Indirect</td> <td style="width: 20%; vertical-align: top; text-align: center;">Mineral Exploration</td> </tr> <tr> <td style="width: 20%; vertical-align: top; text-align: center;">KGL Isiro SARL</td> <td style="width: 20%; vertical-align: top; text-align: center;">Democratic Republic of the Congo</td> <td style="width: 20%; vertical-align: top; text-align: center;">100%</td> <td style="width: 20%; vertical-align: top; text-align: center;">Indirect</td> <td style="width: 20%; vertical-align: top; text-align: center;">Mineral Exploration</td> </tr> </table> </div> </div> </div> </div>

<div> <div style="margin-left: 36pt;"> <table border="1" cellpadding="3" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="width: 20%; text-align: center; white-space: nowrap;">Name of Subsidiary</td> <td style="width: 20%; text-align: center; white-space: nowrap;">Place of Incorporation</td> <td style="width: 20%; text-align: center; white-space: nowrap;">Proportion of Ownership Interest</td> <td style="width: 20%; text-align: center; white-space: nowrap;">Direct/Indirect</td> <td style="width: 20%; text-align: center; white-space: nowrap;">Principal Activity</td> </tr> <tr> <td style="width: 20%; vertical-align: top; text-align: center;">Loncor Resources Congo SARL</td> <td style="width: 20%; vertical-align: top; text-align: center;">Democratic Republic of the Congo</td> <td style="width: 20%; vertical-align: top; text-align: center;">100%</td> <td style="width: 20%; vertical-align: top; text-align: center;">Direct</td> <td style="width: 20%; vertical-align: top; text-align: center;">Mineral Exploration</td> </tr> <tr> <td style="width: 20%; vertical-align: top; text-align: center;">Devon Resources SARL</td> <td style="width: 20%; vertical-align: top; text-align: center;">Democratic Republic of the Congo</td> <td style="width: 20%; vertical-align: top; text-align: center;">100%</td> <td style="width: 20%; vertical-align: top; text-align: center;">Indirect</td> <td style="width: 20%; vertical-align: top; text-align: center;">Mineral Exploration</td> </tr> <tr> <td style="width: 20%; vertical-align: top; text-align: center;">Navarro Resources SARL</td> <td style="width: 20%; vertical-align: top; text-align: center;">Democratic Republic of the Congo</td> <td style="width: 20%; vertical-align: top; text-align: center;">100%</td> <td style="width: 20%; vertical-align: top; text-align: center;">Indirect</td> <td style="width: 20%; vertical-align: top; text-align: center;">Mineral Exploration</td> </tr> <tr> <td style="width: 20%; vertical-align: top; text-align: center;">Loncor Kilo Inc.</td> <td style="width: 20%; vertical-align: top; text-align: center;">Ontario, Canada</td> <td style="width: 20%; vertical-align: top; text-align: center;">100%</td> <td style="width: 20%; vertical-align: top; text-align: center;">Direct</td> <td style="width: 20%; vertical-align: top; text-align: center;">Mineral Exploration</td> </tr> <tr> <td style="width: 20%; vertical-align: top; text-align: center;">Adumbi Mining S.A.</td> <td style="width: 20%; vertical-align: top; text-align: center;">Democratic Republic of the Congo</td> <td style="width: 20%; vertical-align: top; text-align: center;">84.68%</td> <td style="width: 20%; vertical-align: top; text-align: center;">Indirect</td> <td style="width: 20%; vertical-align: top; text-align: center;">Mineral Exploration</td> </tr> <tr> <td style="width: 20%; vertical-align: top; text-align: center;">KGL Isiro Atlantic Ltd</td> <td style="width: 20%; vertical-align: top; text-align: center;">British Virgin Islands</td> <td style="width: 20%; vertical-align: top; text-align: center;">100%</td> <td style="width: 20%; vertical-align: top; text-align: center;">Indirect</td> <td style="width: 20%; vertical-align: top; text-align: center;">Mineral Exploration</td> </tr> <tr> <td style="width: 20%; vertical-align: top; text-align: center;">Isiro (Jersey) Limited</td> <td style="width: 20%; vertical-align: top; text-align: center;">Jersey</td> <td style="width: 20%; vertical-align: top; text-align: center;">100%</td> <td style="width: 20%; vertical-align: top; text-align: center;">Indirect</td> <td style="width: 20%; vertical-align: top; text-align: center;">Mineral Exploration</td> </tr> <tr> <td style="width: 20%; vertical-align: top; text-align: center;">KGL Isiro SARL</td> <td style="width: 20%; vertical-align: top; text-align: center;">Democratic Republic of the Congo</td> <td style="width: 20%; vertical-align: top; text-align: center;">100%</td> <td style="width: 20%; vertical-align: top; text-align: center;">Indirect</td> <td style="width: 20%; vertical-align: top; text-align: center;">Mineral Exploration</td> </tr> </table> </div> </div>

0.8468

<div> <div style="margin-left: 36pt;"> <table border="0" cellspacing="0" style="width: 70%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="vertical-align: bottom;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;">December 31, 2022</td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;">December 31, 2021</td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;">Supplier prepayments and deposits</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">249,652</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">206,858</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;">Loan to KGL and accrued interest</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">60,506</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">60,543</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;">Other receivables and employee advances</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">23,629</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">19,037</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;">Harmonized Sales Tax receivable</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 17%; text-align: right;">26,389</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 17%; text-align: right;">58,755</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;"> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">360,176</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">345,193</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> </table> </div> </div>

249652

206858

60506

60543

23629

19037

26389

58755

360176

345193

47990

65000

0.08 12516 9271

23629

19037

-26389

-58755

864300

938542

542558

374014

724035

188601

1238314

1662577

731159

10933

67477

250000

500000

242497

393183

216148

194539

68926

<div> 8. Property, Plant and Equipment The Company's property, plant and equipment are summarized as follows: <div> <div style="margin-left: 36pt;"> <table border="0" cellspacing="0" style="border-collapse: collapse; border-color: #000000; font-size: 9pt; width: 100%;"> <tr> <td style="vertical-align: bottom;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;">Furniture & fixtures</td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;">Office & Communication equipment</td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;">Vehicles</td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;">Land and Building</td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;">Field camps and equipment</td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;">Right-of-use asset</td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;">Leasehold improvements</td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;">Total</td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom;"> </td> </tr> <tr> <td style="vertical-align: bottom;"> </td> <td style="text-align: center; vertical-align: bottom;"> </td> <td style="text-align: center; vertical-align: bottom;">$</td> <td style="text-align: center; vertical-align: bottom;"> </td> <td style="text-align: center; vertical-align: bottom;"> </td> <td style="text-align: center; vertical-align: bottom;">$</td> <td style="text-align: center; vertical-align: bottom;"> </td> <td style="text-align: center; vertical-align: bottom;"> </td> <td style="text-align: center; vertical-align: bottom;">$</td> <td style="text-align: center; vertical-align: bottom;"> </td> <td style="text-align: center; vertical-align: bottom;"> </td> <td style="text-align: center; vertical-align: bottom;">$</td> <td style="text-align: center; vertical-align: bottom;"> </td> <td style="text-align: center; vertical-align: bottom;"> </td> <td style="text-align: center; vertical-align: bottom;">$</td> <td style="text-align: center; vertical-align: bottom;"> </td> <td style="text-align: center; vertical-align: bottom;"> </td> <td style="text-align: center; vertical-align: bottom;">$</td> <td style="text-align: center; vertical-align: bottom;"> </td> <td style="text-align: center; vertical-align: bottom;"> </td> <td style="text-align: center; vertical-align: bottom;">$</td> <td style="text-align: center; vertical-align: bottom;"> </td> <td style="text-align: center; vertical-align: bottom;"> </td> <td style="text-align: center; vertical-align: bottom;">$</td> <td style="text-align: center; vertical-align: bottom;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;">Cost</td> <td style="vertical-align: bottom; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;"> Balance at January 1, 2021</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">151,786</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">28,190</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">11,708</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">217,617</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">221,375</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">687,957</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">84,906</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">1,403,539</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;"> Additions</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">1,232</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">125,911</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">815,967</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">943,110</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;"> Disposals</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;">Balance at December 31, 2021</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">151,786</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">29,422</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">11,708</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">343,528</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">1,037,342</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">687,957</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">84,906</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">2,346,649</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;"> Additions</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">2,896</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">31,039</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">33,935</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;"> Disposals</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;">Balance at December 31, 2022</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">151,786</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">32,318</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">11,708</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">374,567</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">1,037,342</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">687,957</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">84,906</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">2,380,584</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;">Accumulated Depreciation</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;"> Balance at January 1, 2021</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">143,705</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">25,133</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">11,708</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">14,923</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">220,600</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">374,660</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">84,906</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">875,635</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;"> Additions</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">1,501</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">3,529</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">11,938</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">15,663</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">170,889</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">203,520</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;"> Adjustment</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">(1,940</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;">)</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">(1,940</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;">)</td> </tr> <tr> <td style="vertical-align: bottom;">Balance at December 31, 2021</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">145,206</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">26,722</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">11,708</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">26,861</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">236,263</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">545,549</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">84,906</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">1,077,215</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;"> Additions</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">7,621</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">2,206</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">14,455</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">26,759</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">142,408</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">193,449</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;">Balance at December 31, 2022</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">152,827</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">28,928</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">11,708</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">41,316</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">263,022</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">687,957</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">84,906</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">1,270,664</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;">Book Value</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;"> Balance at January 1, 2021</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">8,081</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">3,057</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">202,694</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">775</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">313,297</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">527,904</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;"> Balance at December 31, 2021</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">6,580</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">2,700</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">316,667</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">801,079</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">142,408</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">1,269,434</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;"> Balance at December 31, 2022</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">(1,041</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;">)</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">3,390</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">333,251</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">774,320</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">1,109,920</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> </table> </div> </div> During the year ended December 31, 2022, depreciation in the amount of $42,093 (year ended December 31, 2021 - $28,445, year ended December 31, 2020 - $16,771) was capitalized to exploration and evaluation assets. </div>

<div> <div style="margin-left: 36pt;"> <table border="0" cellspacing="0" style="border-collapse: collapse; border-color: #000000; font-size: 9pt; width: 100%;"> <tr> <td style="vertical-align: bottom;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;">Furniture & fixtures</td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;">Office & Communication equipment</td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;">Vehicles</td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;">Land and Building</td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;">Field camps and equipment</td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;">Right-of-use asset</td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;">Leasehold improvements</td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;">Total</td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom;"> </td> </tr> <tr> <td style="vertical-align: bottom;"> </td> <td style="text-align: center; vertical-align: bottom;"> </td> <td style="text-align: center; vertical-align: bottom;">$</td> <td style="text-align: center; vertical-align: bottom;"> </td> <td style="text-align: center; vertical-align: bottom;"> </td> <td style="text-align: center; vertical-align: bottom;">$</td> <td style="text-align: center; vertical-align: bottom;"> </td> <td style="text-align: center; vertical-align: bottom;"> </td> <td style="text-align: center; vertical-align: bottom;">$</td> <td style="text-align: center; vertical-align: bottom;"> </td> <td style="text-align: center; vertical-align: bottom;"> </td> <td style="text-align: center; vertical-align: bottom;">$</td> <td style="text-align: center; vertical-align: bottom;"> </td> <td style="text-align: center; vertical-align: bottom;"> </td> <td style="text-align: center; vertical-align: bottom;">$</td> <td style="text-align: center; vertical-align: bottom;"> </td> <td style="text-align: center; vertical-align: bottom;"> </td> <td style="text-align: center; vertical-align: bottom;">$</td> <td style="text-align: center; vertical-align: bottom;"> </td> <td style="text-align: center; vertical-align: bottom;"> </td> <td style="text-align: center; vertical-align: bottom;">$</td> <td style="text-align: center; vertical-align: bottom;"> </td> <td style="text-align: center; vertical-align: bottom;"> </td> <td style="text-align: center; vertical-align: bottom;">$</td> <td style="text-align: center; vertical-align: bottom;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;">Cost</td> <td style="vertical-align: bottom; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;"> Balance at January 1, 2021</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">151,786</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">28,190</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">11,708</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">217,617</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">221,375</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">687,957</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">84,906</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">1,403,539</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;"> Additions</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">1,232</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">125,911</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">815,967</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">943,110</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;"> Disposals</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;">Balance at December 31, 2021</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">151,786</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">29,422</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">11,708</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">343,528</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">1,037,342</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">687,957</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">84,906</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">2,346,649</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;"> Additions</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">2,896</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">31,039</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">33,935</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;"> Disposals</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;">Balance at December 31, 2022</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">151,786</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">32,318</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">11,708</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">374,567</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">1,037,342</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">687,957</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">84,906</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">2,380,584</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;">Accumulated Depreciation</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;"> Balance at January 1, 2021</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">143,705</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">25,133</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">11,708</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">14,923</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">220,600</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">374,660</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">84,906</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">875,635</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;"> Additions</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">1,501</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">3,529</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">11,938</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">15,663</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">170,889</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">203,520</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;"> Adjustment</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">(1,940</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;">)</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">(1,940</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;">)</td> </tr> <tr> <td style="vertical-align: bottom;">Balance at December 31, 2021</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">145,206</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">26,722</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">11,708</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">26,861</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">236,263</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">545,549</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">84,906</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">1,077,215</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;"> Additions</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">7,621</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">2,206</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">14,455</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">26,759</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">142,408</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">193,449</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;">Balance at December 31, 2022</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">152,827</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">28,928</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">11,708</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">41,316</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">263,022</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">687,957</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">84,906</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">1,270,664</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;">Book Value</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;"> Balance at January 1, 2021</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">8,081</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">3,057</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">202,694</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">775</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">313,297</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">527,904</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;"> Balance at December 31, 2021</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">6,580</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">2,700</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">316,667</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">801,079</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">142,408</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">1,269,434</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;"> Balance at December 31, 2022</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">(1,041</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;">)</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">3,390</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">333,251</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">774,320</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">1,109,920</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> </table> </div> </div>

151786

28190

11708

217617

221375

687957

84906

1403539

1232

125911

815967

943110

151786

29422

11708

343528

1037342

687957

84906

2346649

2896

31039

33935

151786

32318

11708

374567

1037342

687957

84906

2380584

-143705

-25133

-11708

-14923

-220600

-374660

-84906

-875635

-1501

-3529

-11938

-15663

-170889

-203520

-0

-1940

-0

-1940

-145206

-26722

-11708

-26861

-236263

-545549

-84906

-1077215

-7621

-2206

-14455

-26759

-142408

-193449

-152827

-28928

-11708

-41316

-263022

-687957

-84906

-1270664

8081

3057

202694

775

313297

527904

6580

2700

316667

801079

142408

1269434

-1041

3390

333251

774320

1109920

42093 28445 16771

<div> 9. Exploration and Evaluation Assets <div> <div style="margin-left: 36pt;"> <table border="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="vertical-align: bottom;"> </td> <td style="border-bottom: 0.75pt solid #000000; text-align: center; vertical-align: bottom;"> </td> <td style="border-bottom: 0.75pt solid #000000; text-align: center; vertical-align: bottom; white-space: nowrap;">North Kivu</td> <td style="border-bottom: 0.75pt solid #000000; text-align: center; vertical-align: bottom; white-space: nowrap;"> </td> <td style="border-bottom: 0.75pt solid #000000; text-align: center; vertical-align: bottom; white-space: nowrap;"> </td> <td style="border-bottom: 0.75pt solid #000000; text-align: center; vertical-align: bottom; white-space: nowrap;">Ngayu</td> <td style="border-bottom: 0.75pt solid #000000; text-align: center; vertical-align: bottom; white-space: nowrap;"> </td> <td style="border-bottom: 0.75pt solid #000000; text-align: center; vertical-align: bottom; white-space: nowrap;"> </td> <td style="border-bottom: 0.75pt solid #000000; text-align: center; vertical-align: bottom; white-space: nowrap;">Imbo</td> <td style="border-bottom: 0.75pt solid #000000; text-align: center; vertical-align: bottom; white-space: nowrap;"> </td> <td style="border-bottom: 0.75pt solid #000000; text-align: center; vertical-align: bottom; white-space: nowrap;"> </td> <td style="border-bottom: 0.75pt solid #000000; text-align: center; vertical-align: bottom; white-space: nowrap;">Total</td> <td style="border-bottom: 0.75pt solid #000000; text-align: center; vertical-align: bottom;"> </td> </tr> <tr> <td style="vertical-align: bottom;">Cost</td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;">Balance as at January 1, 2021</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 12%; text-align: right; background-color: #e6efff;">10,621,366</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 12%; text-align: right; background-color: #e6efff;">17,466,671</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 12%; text-align: right; background-color: #e6efff;">2,932,905</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 12%; text-align: right; background-color: #e6efff;">31,020,942</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;">Additions</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 12%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 12%; text-align: right;">2,216,038</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 12%; text-align: right;">6,859,907</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 12%; text-align: right;">9,075,945</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;">Earn-in Barrick payment (*)</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 12%; text-align: right; background-color: #e6efff;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 12%; text-align: right; background-color: #e6efff;">(1,975,162</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;">)</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 12%; text-align: right; background-color: #e6efff;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 12%; text-align: right; background-color: #e6efff;">(1,975,162</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;">)</td> </tr> <tr> <td style="vertical-align: bottom;">Balance as at December 31, 2021</td> <td style="vertical-align: bottom; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; width: 12%; text-align: right;">10,621,366</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; width: 12%; text-align: right;">17,707,547</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; width: 12%; text-align: right;">9,792,812</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; width: 12%; text-align: right;">38,121,725</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;">Additions</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 12%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 12%; text-align: right; background-color: #e6efff;">190,820</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 12%; text-align: right; background-color: #e6efff;">2,421,176</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 12%; text-align: right; background-color: #e6efff;">2,611,996</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;">Incidental revenues (Note 9e)</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 12%; text-align: right;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 12%; text-align: right;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 12%; text-align: right;">(235,000</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;">)</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 12%; text-align: right;">(235,000</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;">)</td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;">Balance as at December 31, 2022</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 12%; text-align: right; background-color: #e6efff;">10,621,366</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 12%; text-align: right; background-color: #e6efff;">17,898,367</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 12%; text-align: right; background-color: #e6efff;">11,978,988</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 12%; text-align: right; background-color: #e6efff;">40,498,721</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> </table> </div> </div> (*) The joint venture with Barrick was terminated in Q3 2021 There is $150,000 of intangible exploration and evaluation expenditures as at December 31, 2022 (December 31, 2021 - $150,000).These Intangible exploration and evaluation assets are in relation to mineral rights acquired with respect to the Ngayu properties ($150,000). The Devon ($152,250) and Navarro ($300,000) properties were fully impaired as at December 31, 2021 as the Company does not intend to utilize the exploration permits. The intangibles have not been included in the table above. The Company's exploration and evaluation assets are subject to renewal of the underlying permits and rights and government royalties. <div> </div> a. North Kivu The North Kivu project is situated in the North Kivu Province in eastern Congo to the northwest of Lake Edward and consists of various exploration permits. All of these exploration permits are currently under force majeure due to the poor security situation, affecting the Company's ability to carry out the desired exploration activities. The duration of the event of force majeure is added to the time limit for execution of obligations under the permits. Exploration estimates to date have not advanced to the stage of being able to identify the quantity of possible resources available for potential mining. Under force majeure, the Company has no tax payment obligations and does not lose tenure of mining titles until force majeure is lifted. The Company is not able to estimate the time when exploration activities would be resumed. However, given that force majeure has been in effect various times before in the past at this location, the Company believes that the capitalized assets are recoverable (Note 3(b)(iii)) and that these are risks associated with operating in an emerging market. The Company seeks to manage its exposure to these risks wherever possible. b. Ngayu The Ngayu project consists of various exploration permits and is found within the Tshopo Province in the northeast of the Congo, approximately 270 kilometers northeast of Kisangani. The Ngayu project covers part of the Ngayu Archaean greenstone belt which is one of a number of greenstone belts in the north-east Congo Archaeancraton that includes the Kilo and Moto greenstone belts. These Archaean greenstone belts are the northwestern extensions of the Lake Victoria greenstone belt terrain that hosts a number of world class gold deposits including Geita and Bulyanhulu. In 2015, due to a decrease in gold prices coupled with the reduction of the exploration budget, the Company conducted an impairment analysis whereby the carrying value of the Ngayu exploration and evaluation asset as at December 31, 2015 was assessed for possible impairment. The asset's recoverable amount was calculated applying a fair value of $15 per ounce of gold in the ground, which was provided by a valuation analysis of an independent report on similar African exploration companies, to the Ngayu project's Makapela estimated mineral resource. Since the carrying value of the asset was determined to be higher than its recoverable amount, an impairment loss of $2,300,000 was recorded during the year ended December 31, 2015. As at December 31, 2022 and 2021, the Company conducted an analysis of various factors and determined that there was no further impairment recognized by IFRS 6, and no evidence to support an impairment reversal. As at December 31, 2022, the Company determined that no impairment charge or gain was required. c. Devon The Devon properties consisted of three (3) exploration permits situated in the province of Haut-Uele in north eastern Congo. The Company has decided not to renew these exploration permits upon expiry in September 2023. d. Navarro The Navarro properties consisted of six (6) exploration permits situated in the provinces of Ituri and Haut-Uele in north eastern Congo. The Company has decided to renew one of these six permits upon expiry in April 2023. e. Adumbi The Adumbi (previously KGL-Somituri, See Note 4) properties consist of two (2) mining licenses valid until 2039 and which cover an area of 361 square kilometers within the Archaean Ngayu Greenstone Belt in the Ituri and Haut Uele provinces in north eastern Congo. The Company's interest in the Adumbi properties was acquired in September 2019 through the agreement with Resolute, KGL and Kilo Inc. (see Note 4). The two mining licenses (Exploitation permits) are registered in the name of Adumbi, a company incorporated under the laws of the Congo in which the Company holds a 84.68% interest and the minority partners hold 15.32% (including 10% free carried interest owned by the government of the Congo). See Note 4. <div> </div> Under an agreement signed in April 2010 with the minority partners of Adumbi, the Company's subsidiary Loncor Kilo Inc. agreed to finance all activities of Adumbi, until the filing of a bankable feasibility study, by way of loans which bear interest at the rate of 5% per annum. Within thirty days of the receipt of a bankable feasibility study, the minority partners may collectively elect to exchange their equity participation for either a 2% net smelter royalty, or a 1% net smelter royalty plus an amount equal to 2 Euros per ounce of proven mineral reserves. The Company has concluded a leasing agreement with Ding Sheng Services S.A.R.L. ("Ding Sheng") that permits Ding Sheng to mine the non-strategic alluvial potential to the south of Adumbi, with a focus on the gravels bordering the Imbo River. As consideration for the award of the lease, Ding Sheng paid Loncor a total of US$750,000, with Loncor receiving a further 25% of future revenue generated, after deducting US$500,000 from Loncor's attributable revenues from production. f. Isiro The Isiro properties consist of eleven (11) exploration permits registered in the name of KGL-Isiro SARL and covering an area of 1,884 square kilometers in the province of Haut Uele, in north eastern Congo. The Company owns through Loncor Kilo Inc. 100% of the common shares of Kilo Isiro Atlantic Ltd. Kilo Isiro Atlantic Ltd owns 100% of the shares of Isiro (Jersey) Limited, which in turn owns 100% of the shares in KGL-Isiro SARL (a company registered in the Congo). The KGL Isiro SARL permits were put under force majeure with effect from February 14, 2014 pending resolution of a court action involving these properties and their expiry is extended by the period of force majeure. </div>

<div> <div style="margin-left: 36pt;"> <table border="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="vertical-align: bottom;"> </td> <td style="border-bottom: 0.75pt solid #000000; text-align: center; vertical-align: bottom;"> </td> <td style="border-bottom: 0.75pt solid #000000; text-align: center; vertical-align: bottom; white-space: nowrap;">North Kivu</td> <td style="border-bottom: 0.75pt solid #000000; text-align: center; vertical-align: bottom; white-space: nowrap;"> </td> <td style="border-bottom: 0.75pt solid #000000; text-align: center; vertical-align: bottom; white-space: nowrap;"> </td> <td style="border-bottom: 0.75pt solid #000000; text-align: center; vertical-align: bottom; white-space: nowrap;">Ngayu</td> <td style="border-bottom: 0.75pt solid #000000; text-align: center; vertical-align: bottom; white-space: nowrap;"> </td> <td style="border-bottom: 0.75pt solid #000000; text-align: center; vertical-align: bottom; white-space: nowrap;"> </td> <td style="border-bottom: 0.75pt solid #000000; text-align: center; vertical-align: bottom; white-space: nowrap;">Imbo</td> <td style="border-bottom: 0.75pt solid #000000; text-align: center; vertical-align: bottom; white-space: nowrap;"> </td> <td style="border-bottom: 0.75pt solid #000000; text-align: center; vertical-align: bottom; white-space: nowrap;"> </td> <td style="border-bottom: 0.75pt solid #000000; text-align: center; vertical-align: bottom; white-space: nowrap;">Total</td> <td style="border-bottom: 0.75pt solid #000000; text-align: center; vertical-align: bottom;"> </td> </tr> <tr> <td style="vertical-align: bottom;">Cost</td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;">Balance as at January 1, 2021</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 12%; text-align: right; background-color: #e6efff;">10,621,366</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 12%; text-align: right; background-color: #e6efff;">17,466,671</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 12%; text-align: right; background-color: #e6efff;">2,932,905</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 12%; text-align: right; background-color: #e6efff;">31,020,942</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;">Additions</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 12%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 12%; text-align: right;">2,216,038</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 12%; text-align: right;">6,859,907</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 12%; text-align: right;">9,075,945</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;">Earn-in Barrick payment (*)</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 12%; text-align: right; background-color: #e6efff;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 12%; text-align: right; background-color: #e6efff;">(1,975,162</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;">)</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 12%; text-align: right; background-color: #e6efff;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 12%; text-align: right; background-color: #e6efff;">(1,975,162</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;">)</td> </tr> <tr> <td style="vertical-align: bottom;">Balance as at December 31, 2021</td> <td style="vertical-align: bottom; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; width: 12%; text-align: right;">10,621,366</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; width: 12%; text-align: right;">17,707,547</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; width: 12%; text-align: right;">9,792,812</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; width: 12%; text-align: right;">38,121,725</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;">Additions</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 12%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 12%; text-align: right; background-color: #e6efff;">190,820</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 12%; text-align: right; background-color: #e6efff;">2,421,176</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 12%; text-align: right; background-color: #e6efff;">2,611,996</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;">Incidental revenues (Note 9e)</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 12%; text-align: right;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 12%; text-align: right;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 12%; text-align: right;">(235,000</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;">)</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 12%; text-align: right;">(235,000</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;">)</td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;">Balance as at December 31, 2022</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 12%; text-align: right; background-color: #e6efff;">10,621,366</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 12%; text-align: right; background-color: #e6efff;">17,898,367</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 12%; text-align: right; background-color: #e6efff;">11,978,988</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 12%; text-align: right; background-color: #e6efff;">40,498,721</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> </table> </div> </div>

10621366

17466671

2932905

31020942

0 2216038 6859907 9075945 0 1975162 0 1975162

10621366

17707547

9792812

38121725

0 190820 2421176 2611996 0 0 -235000 -235000

10621366

17898367

11978988

40498721

150000

152250

300000

2300000

0.8468

0.1532

0.10

Within thirty days of the receipt of a bankable feasibility study, the minority partners may collectively elect to exchange their equity participation for either a 2% net smelter royalty, or a 1% net smelter royalty plus an amount equal to 2 Euros per ounce of proven mineral reserves.

750000 500000

<div> <div> <div> 10. Segmented Reporting </div> </div> </div> <div> <div> The Company has one operating segment: the acquisition, exploration and development of precious metal projects located in the Congo. The operations of the Company are located in two geographic locations, Canada and the Congo. Geographic segmentation of non-current assets is as follows: <div style="margin-left: 36pt;"> <table border="0" cellspacing="0" style="width: 60%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="vertical-align: bottom;">December 31, 2022</td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> </tr> <tr> <td style="vertical-align: bottom;"> </td> <td style="text-align: center; vertical-align: bottom;"> </td> <td style="text-align: center; vertical-align: bottom; white-space: nowrap;">Property, plant and equipment</td> <td style="text-align: center; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; vertical-align: bottom; white-space: nowrap;">Exploration and evaluation</td> <td style="text-align: center; vertical-align: bottom;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;">Congo</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 22%; text-align: right; background-color: #e6efff;">1,107,568</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 22%; text-align: right; background-color: #e6efff;">40,648,721</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;">Canada</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;">$</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 22%; text-align: right;">2,352</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 22%; text-align: right;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;"> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 22%; text-align: right; background-color: #e6efff;">1,109,920</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 22%; text-align: right; background-color: #e6efff;">40,648,721</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;">December 31, 2021</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 22%; text-align: right;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 22%; text-align: right;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom;"> </td> <td style="text-align: left; vertical-align: bottom; width: 1%;"> </td> <td style="text-align: right; vertical-align: bottom; width: 22%;">Property, plant and equipment</td> <td style="text-align: left; vertical-align: bottom; width: 2%;"> </td> <td style="text-align: left; vertical-align: bottom; width: 1%;"> </td> <td style="text-align: right; vertical-align: bottom; width: 22%;">Exploration and evaluation</td> <td style="text-align: left; vertical-align: bottom; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;">Congo</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 22%; text-align: right; background-color: #e6efff;">1,118,622</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 22%; text-align: right; background-color: #e6efff;">38,271,725</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;">Canada</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;">$</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 22%; text-align: right;">150,812</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 22%; text-align: right;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;"> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 22%; text-align: right; background-color: #e6efff;">1,269,434</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 22%; text-align: right; background-color: #e6efff;">38,271,725</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> </table> </div> </div> </div>

<table border="0" cellspacing="0" style="width: 60%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="vertical-align: bottom;">December 31, 2022</td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> </tr> <tr> <td style="vertical-align: bottom;"> </td> <td style="text-align: center; vertical-align: bottom;"> </td> <td style="text-align: center; vertical-align: bottom; white-space: nowrap;">Property, plant and equipment</td> <td style="text-align: center; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; vertical-align: bottom; white-space: nowrap;">Exploration and evaluation</td> <td style="text-align: center; vertical-align: bottom;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;">Congo</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 22%; text-align: right; background-color: #e6efff;">1,107,568</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 22%; text-align: right; background-color: #e6efff;">40,648,721</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;">Canada</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;">$</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 22%; text-align: right;">2,352</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 22%; text-align: right;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;"> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 22%; text-align: right; background-color: #e6efff;">1,109,920</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 22%; text-align: right; background-color: #e6efff;">40,648,721</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;">December 31, 2021</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 22%; text-align: right;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 22%; text-align: right;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom;"> </td> <td style="text-align: left; vertical-align: bottom; width: 1%;"> </td> <td style="text-align: right; vertical-align: bottom; width: 22%;">Property, plant and equipment</td> <td style="text-align: left; vertical-align: bottom; width: 2%;"> </td> <td style="text-align: left; vertical-align: bottom; width: 1%;"> </td> <td style="text-align: right; vertical-align: bottom; width: 22%;">Exploration and evaluation</td> <td style="text-align: left; vertical-align: bottom; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;">Congo</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 22%; text-align: right; background-color: #e6efff;">1,118,622</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 22%; text-align: right; background-color: #e6efff;">38,271,725</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;">Canada</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;">$</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 22%; text-align: right;">150,812</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 22%; text-align: right;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;"> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 22%; text-align: right; background-color: #e6efff;">1,269,434</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 22%; text-align: right; background-color: #e6efff;">38,271,725</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> </table>

1107568

40648721

2352

1109920

40648721

1118622

38271725

150812

1269434

38271725

<table border="0" cellspacing="0" style="width: 80%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom;"> </td> <td style="text-align: center; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom;"> </td> <td style="text-align: center; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;">December 31, 2022</td> <td style="text-align: center; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;">December 31, 2021</td> <td style="text-align: center; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;">Exploration and evaluation expenditures</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">224,307</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">1,005,260</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom;">Non-exploration and evaluation expenditures</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;">$</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 17%; text-align: right;">270,284</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;">$</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 17%; text-align: right;">483,119</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; background-color: #e6efff;">Total Accounts Payable</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">494,591</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">1,488,379</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> </table>

224307

1005260

270284

483119

494591

1488379

300000

0.18

8899 29352 40000 On January 1, 2021, the outstanding balance of the CEBA LOC automatically converted to a 2-year interest free term loan ("CEBA Term Loan"). The CEBA Term Loan may be repaid at any time without notice or the payment of any penalty. If 75% of the CEBA Term Loan is repaid on or before December 31, 2023, the repayment of the remining 25% of such CEBA Term Loan shall be forgiven. The amount of the CEBA Term Loan outstanding on January 1, 2024 shall bear an interest rate of 5% per annum and shall be repayable in full by December 31, 2025. 24146 32906

0.0345

5206 7094 970 1252 985 623

26759

34992

27602

34992

<div> <div> <div> <div> 13. Share Capital </div> </div> </div> <div> <div> <div> a) Authorized The authorized share capital of the Company consists of unlimited number of common shares and unlimited number of preference shares, issuable in series, with no par value. All shares issued are fully paid. The holders of common shares are entitled to receive notice of and to attend all meetings of the shareholders of the Company and shall have one vote for each common share held at all meetings of shareholders of the Company, except for meetings at which only holders of another specified class or series of shares are entitled to vote separately as a class or series. Subject to the prior rights of the holders of the preference shares or any other share ranking senior to the common shares, the holders of the common shares are entitled to (a) receive any dividend as and when declared by the board of directors, out of the assets of the Company properly applicable to payment of dividends, in such amount and in such form as the board of directors may from time to time determine, and (b) receive the remaining property of the Company in the event of any liquidation, dissolution or winding up of the Company. <div> </div> The Company may issue preference shares at any time and from time to time in one or more series with designations, rights, privileges, restrictions and conditions fixed by the board of directors. The preference shares of each series are ranked on parity with the preference shares of every series and are entitled to priority over the common shares and any other shares of the Company ranking junior to the preference shares, with respect to priority in payment of dividends and the return of capital and the distribution of assets of the Company in the event of liquidation, dissolution or winding up of the Company. b) Issued share capital The following table summarizes the Company's issued common shares: <div style="margin-left: 36pt;"> <div> <table border="0" cellspacing="0" style="width: 70%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom;"> </td> <td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: center; vertical-align: bottom;"> </td> <td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: center; vertical-align: bottom; white-space: nowrap;">Number of shares</td> <td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: center; vertical-align: bottom; white-space: nowrap;"> </td> <td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: center; vertical-align: bottom; white-space: nowrap;"> </td> <td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: center; vertical-align: bottom; white-space: nowrap;">Amount $</td> <td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: center; vertical-align: bottom;"> </td> </tr> <tr> <td style="border-bottom: 2.25pt double #000000; vertical-align: bottom; background-color: #e6efff;">Balance - December 31, 2019 </td> <td style="border-bottom: 2.25pt double #000000; vertical-align: bottom; background-color: #e6efff;"> </td> <td style="border-bottom: 2.25pt double #000000; vertical-align: bottom; background-color: #e6efff;"> </td> <td style="border-bottom: 2.25pt double #000000; vertical-align: bottom; background-color: #e6efff;"> </td> <td style="border-bottom: 2.25pt double #000000; vertical-align: bottom; background-color: #e6efff;"> </td> <td style="border-bottom: 2.25pt double #000000; vertical-align: bottom; background-color: #e6efff; text-align: right;">79,841,286</td> <td style="border-bottom: 2.25pt double #000000; vertical-align: bottom; background-color: #e6efff;"> </td> </tr> <tr> <td style="text-align: right; vertical-align: bottom;">February 3, 2020</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">500,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">135,594</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="text-align: right; vertical-align: bottom; background-color: #e6efff;">February 6, 2020</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">22,659</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">8,502</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="text-align: right; vertical-align: bottom;">February 25, 2020</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">6,000,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">1,807,200</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="text-align: right; vertical-align: bottom; background-color: #e6efff;">costs of issuance</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">(80,841</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;">)</td> </tr> <tr> <td style="text-align: right; vertical-align: bottom;">February 27, 2020</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">375,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">100,535</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="text-align: right; vertical-align: bottom; background-color: #e6efff;">June 30, 2020</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">24,896</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">8,292</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="text-align: right; vertical-align: bottom;">July 31, 2020</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">8,000,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">2,984,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="text-align: right; vertical-align: bottom; background-color: #e6efff;">August 27, 2020</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">2,000,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">761,700</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="text-align: right; vertical-align: bottom;">costs of issuance</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">(427,145</td> <td style="vertical-align: bottom; width: 2%; text-align: left;">)</td> </tr> <tr> <td style="text-align: right; vertical-align: bottom; background-color: #e6efff;">September 9, 2020</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">20,640</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">8,578</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; vertical-align: bottom;">Balance - December 31, 2020 </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; width: 17%; text-align: right;">112,224,174</td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; width: 17%; text-align: right;">85,147,700</td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="text-align: right; vertical-align: bottom;">February 2, 2021</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">1,930,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">753,183</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="text-align: right; vertical-align: bottom; background-color: #e6efff;">February 3, 2021</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">6,070,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">2,374,281</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="text-align: right; vertical-align: bottom;">February 12, 2021</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">3,500,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">1,376,725</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="text-align: right; vertical-align: bottom; background-color: #e6efff;">March 8, 2021</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">1,050,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">173,012</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="text-align: right; vertical-align: bottom;">costs of issuance</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">(941,195</td> <td style="vertical-align: bottom; width: 2%; text-align: left;">)</td> </tr> <tr> <td style="text-align: right; vertical-align: bottom; background-color: #e6efff;">June 21, 2021</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">600,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">363,600</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="text-align: right; vertical-align: bottom;">transfer from contributed surplus</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">66,083</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="text-align: right; vertical-align: bottom; background-color: #e6efff;">July 19, 2021</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">1,401,426</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">768,808</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="text-align: right; vertical-align: bottom;">July 22, 2021</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">125,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">69,624</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="text-align: right; vertical-align: bottom; background-color: #e6efff;">July 23, 2021</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">6,323,574</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">3,519,954</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="text-align: right; vertical-align: bottom;">costs of issuance</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">(480,970</td> <td style="vertical-align: bottom; width: 2%; text-align: left;">)</td> </tr> <tr> <td style="text-align: right; vertical-align: bottom; background-color: #e6efff;">October 4, 2021</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">75,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">51,827</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="text-align: right; vertical-align: bottom;">December 1, 2021</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">1,500,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">880,538</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="text-align: right; vertical-align: bottom; background-color: #e6efff;">December 21, 2021</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">300,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">174,060</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="text-align: right; vertical-align: bottom;">transfer from contributed surplus</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">206,765</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="text-align: right; vertical-align: bottom; background-color: #e6efff;">costs of issuance</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">(23,481</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;">)</td> </tr> <tr> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 17%; text-align: right;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 17%; text-align: right;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="border-bottom: 2.25pt double #000000; vertical-align: bottom; background-color: #e6efff;">Balance - December 31, 2021 </td> <td style="border-bottom: 2.25pt double #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 2.25pt double #000000; vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">135,099,174</td> <td style="border-bottom: 2.25pt double #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 2.25pt double #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 2.25pt double #000000; vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">94,480,512</td> <td style="border-bottom: 2.25pt double #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="text-align: right; vertical-align: bottom; background-color: #e6efff;">February 28, 2022</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">5,650,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">2,046,620</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="text-align: right; vertical-align: bottom;">costs of issuance</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">(47,036</td> <td style="vertical-align: bottom; width: 2%; text-align: left;">)</td> </tr> <tr> <td style="text-align: right; vertical-align: bottom; background-color: #e6efff;">March 10, 2022</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">75,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">51,045</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="text-align: right; vertical-align: bottom;">June 8, 2022</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">700,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">243,348</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="text-align: right; vertical-align: bottom; background-color: #e6efff;">June 10, 2022</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">6,050,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">2,103,225</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="text-align: right; vertical-align: bottom;">costs of issuance</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">(47,482</td> <td style="vertical-align: bottom; width: 2%; text-align: left;">)</td> </tr> <tr> <td style="text-align: right; vertical-align: bottom; background-color: #e6efff;">August 25, 2022</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">85,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">39,423</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="text-align: right; vertical-align: bottom;">September 20, 2022</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">85,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">38,214</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="text-align: right; vertical-align: bottom; background-color: #e6efff;">transfer from contributed surplus</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">8,369</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 17%; text-align: right;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 17%; text-align: right;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="border-bottom: 2.25pt double #000000; vertical-align: bottom; background-color: #e6efff;">Balance - December 31, 2022 </td> <td style="border-bottom: 2.25pt double #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 2.25pt double #000000; vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">147,744,174</td> <td style="border-bottom: 2.25pt double #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 2.25pt double #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 2.25pt double #000000; vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">98,916,239</td> <td style="border-bottom: 2.25pt double #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> </table> </div> </div> </div> </div> </div> </div> <div> In February 2020, the Company closed a private placement of 6,000,000 common shares of the Company at a price of Cdn$0.40 per share for gross proceeds of $1,807,200 (Cdn$2,400,000). In connection with this private placement, the Company incurred $80,842 of issuance costs settled in cash. A total of 1,790,000 of the common shares were purchased by certain insiders of the Company, including Mr. Kondrat, who purchased 1,440,000 of the common shares. The Company also issued in February 2020, 22,659 common shares at a price of Cdn$0.50 per share as the consideration for certain consulting services rendered by a third party and warrants to purchase 875,000 common shares of the Company were exercised at a price of Cdn$0.36 per share for gross proceeds of $236,129 (Cdn$315,000). In June 2020, the Company issued 24,896 common shares at a price of Cdn$0.4539 per share, as the consideration for consulting services rendered by a third party. In July and August 2020, the Company closed, in two tranches, a private placement financing for a total of 10,000,000 common shares of the Company at a price of Cdn$0.50 per share for total gross proceeds of $3,745,700 (Cdn$5,000,000). A total of 3,390,000 of the said shares were purchased by certain insiders of the Company. In connection with this private placement, the Company incurred $427,145 issuance costs settled in cash and warrants. In September 2020, the Company issued 20,640 common shares at a price of Cdn$0.5475 per share, as the consideration for consulting services rendered by a third party. In February 2021, the Company completed, in two tranches, a private placement of a total of 11,500,000 units of the Company at a price of Cdn$0.50 per unit for gross proceeds of $4,504,188 (Cdn$5,750,000). Each such unit consisted of one common share of the Company and one-half of one common share purchase warrant of the Company, with each whole common share purchase warrant entitling the holder thereof to acquire one common share of the Company at an exercise price of Cdn$0.75 for a period of 12 months following the closing date of the issuance of the units. In March 2021, stock options to purchase a total of 1,050,000 common shares of the Company were exercised for gross proceeds of $99,527 (Cdn$126,000). In June 2021, warrants to purchase 600,000 common shares of the Company were exercised for gross proceeds of $363,600 (Cdn$450,000). In July 2021, the Company closed a non-brokered private placement of 7,850,000 units of the Company at a price of Cdn$0.70 per unit for gross proceeds of $4,358,386 (Cdn$5,495,000). Each such unit consisted of one common share of the Company and one-half of one common share purchase warrant of the Company, with each whole common share purchase warrant entitling the holder thereof to acquire one common share of the Company at an exercise price of Cdn$0.95 for a period of 12 months following the closing date of the issuance of the units. In October 2021, stock options to purchase 75,000 common shares of the Company, were exercised for gross proceeds of $41,722 (Cdn$52,500). In December 2021, warrants to purchase 1,800,000 common shares of the Company were exercised for gross proceeds of $1,054,598 (Cdn$1,350,000) In February 2022, the Company completed a non-brokered private placement of 5,650,000 units of the Company at a price of Cdn$0.55 per unit for gross proceeds of $2,447,236 (Cdn$3,107,500) and issuance costs of $47,036 (Cdn$59,728). Each such unit consisted of one common share of the Company and one-half of one common share purchase warrant of the Company, with each whole common share purchase warrant entitling the holder thereof to acquire one common share of the Company at an exercise price of Cdn$0.75 for a period of 24 months following the closing date of the issuance of the units. In March 2022, stock options to purchase 75,000 common shares of the Company were exercised for gross proceeds of $51,045 (Cdn$65,216). In June 2022, the Company completed a non-brokered private placement financing of 6,750,000 units of the Company at a price of Cdn$0.50 per unit for gross proceeds of $2,641,613 (Cdn$3,375,000) and issuance costs of $47,482 (Cdn$60,665). Each such unit consisted of one common share of the Company and one-half of one common share purchase warrant of the Company, with each whole common share purchase warrant entitling the holder thereof to acquire one common share of the Company at an exercise price of Cdn$0.75 for a period of 24 months following the closing date of the issuance of the units. </div> <div> In August 2022, stock options to purchase 85,000 common shares of the Company were exercised for gross proceeds of $39,423 (Cdn$56,498). In September 2022, stock options to purchase 85,000 common shares of the Company were exercised for gross proceeds of $38,214 (Cdn$56,498). As of December 31, 2022, the Company had issued and outstanding 147,744,174 common shares (December 31, 2021 - 135,099,174). c) Common share purchase warrants The following table summarizes the Company's common share purchase warrants outstanding as at December 31, 2022: <div> <div style="margin-left: 36pt;"> <table border="0" cellspacing="0" style="border-collapse: collapse; border-color: #000000; font-size: 8pt; width: 100%;"> <tr> <td style="text-align: center; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; border-left: 0.75pt solid #000000; vertical-align: bottom; width: 10%; white-space: nowrap;">Date of Grant</td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;">Opening Balance</td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;">Granted during period</td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;">Cancelled</td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;">Exercised</td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;">Expired</td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;">Closing Balance</td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;">Exercise Price (Cdn $)</td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;">Exercise period (months)</td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; width: 10%; white-space: nowrap;">Expiry Date</td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;">Remaining contractual life (months)</td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; border-right: 0.75pt solid #000000;"> </td> </tr> <tr> <td style="text-align: center; border-left: 0.75pt solid #000000; vertical-align: bottom; width: 10%; background-color: #e6efff;"> 2020-07-31 </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">123,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">(123,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;">)</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">0.61</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">24</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 10%; text-align: right; background-color: #e6efff;">2022-07-31</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; border-right: 0.75pt solid #000000; background-color: #e6efff;"> </td> </tr> <tr> <td style="text-align: center; border-left: 0.75pt solid #000000; vertical-align: bottom; width: 10%;"> 2020-09-18 </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">318,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">(318,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left;">)</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; width: 6%; text-align: right;">0.61</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">24</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 10%; text-align: right;">2022-08-26</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; border-right: 0.75pt solid #000000;"> </td> </tr> <tr> <td style="text-align: center; border-left: 0.75pt solid #000000; vertical-align: bottom; width: 10%; background-color: #e6efff;"> 2021-02-02 </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">1,050,800</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">(1,050,800</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;">)</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">0.75</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">12</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 10%; text-align: right; background-color: #e6efff;">2022-02-02</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; border-right: 0.75pt solid #000000; background-color: #e6efff;"> </td> </tr> <tr> <td style="text-align: center; border-left: 0.75pt solid #000000; vertical-align: bottom; width: 10%;"> 2021-02-03 </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">1,001,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">(1,001,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left;">)</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; width: 6%; text-align: right;">0.75</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">12</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 10%; text-align: right;">2022-02-03</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; border-right: 0.75pt solid #000000;"> </td> </tr> <tr> <td style="text-align: center; border-left: 0.75pt solid #000000; vertical-align: bottom; width: 10%; background-color: #e6efff;"> 2021-02-12 </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">1,504,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">(1,504,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;">)</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">0.75</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">12</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 10%; text-align: right; background-color: #e6efff;">2022-02-12</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; border-right: 0.75pt solid #000000; background-color: #e6efff;"> </td> </tr> <tr> <td style="text-align: center; border-left: 0.75pt solid #000000; vertical-align: bottom; width: 10%;"> 2021-07-19 </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">720,513</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">(720,513</td> <td style="vertical-align: bottom; width: 2%; text-align: left;">)</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; width: 6%; text-align: right;">0.95</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">12</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 10%; text-align: right;">2022-07-19</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; border-right: 0.75pt solid #000000;"> </td> </tr> <tr> <td style="text-align: center; border-left: 0.75pt solid #000000; vertical-align: bottom; width: 10%; background-color: #e6efff;"> 2021-07-22 </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">70,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">(70,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;">)</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">0.95</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">12</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 10%; text-align: right; background-color: #e6efff;">2022-07-22</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; border-right: 0.75pt solid #000000; background-color: #e6efff;"> </td> </tr> <tr> <td style="text-align: center; border-left: 0.75pt solid #000000; vertical-align: bottom; width: 10%;"> 2021-07-23 </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">3,196,928</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">(3,196,928</td> <td style="vertical-align: bottom; width: 2%; text-align: left;">)</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; width: 6%; text-align: right;">0.95</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">12</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 10%; text-align: right;">2022-07-23</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; border-right: 0.75pt solid #000000;"> </td> </tr> <tr> <td style="text-align: center; border-left: 0.75pt solid #000000; vertical-align: bottom; width: 10%; background-color: #e6efff;"> 2022-02-28 </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">2,873,540</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">2,873,540</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">0.75</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">24</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 10%; text-align: right; background-color: #e6efff;">2024-02-28</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">14</td> <td style="vertical-align: bottom; width: 2%; text-align: left; border-right: 0.75pt solid #000000; background-color: #e6efff;"> </td> </tr> <tr> <td style="text-align: center; border-left: 0.75pt solid #000000; vertical-align: bottom; width: 10%;"> 2022-06-08 </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">350,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">350,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; width: 6%; text-align: right;">0.75</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">24</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 10%; text-align: right;">2024-06-08</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">18</td> <td style="vertical-align: bottom; width: 2%; text-align: left; border-right: 0.75pt solid #000000;"> </td> </tr> <tr> <td style="text-align: center; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 10%; background-color: #e6efff;"> 2022-06-10 </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">3,025,000</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">3,025,000</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">0.75</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">24</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 10%; text-align: right; background-color: #e6efff;">2024-06-10</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">18</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; border-right: 0.75pt solid #000000; background-color: #e6efff;"> </td> </tr> <tr> <td style="text-align: center; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 10%;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">7,984,241</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">6,248,540</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">(7,984,241</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;">)</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">6,248,540</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 10%; text-align: right;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; border-right: 0.75pt solid #000000;"> </td> </tr> </table> </div> </div> As at December 30, 2022, the Company had 6,248,540 outstanding common share purchase warrants (December 31, 2021 - 7,984,241). During the year ended December 31, 2022 the Company issued 2,825,000 common share purchase warrants and 48,540 finder warrants in connection with the February 2022 private placement financing, with issuance costs of $9,205 (Cdn$11,689), and 3,375,000 common share purchase warrants in connection with the June 2022 private placement financing. In addition, 7,984,241 warrants expired unexercised. During the year ended December 31, 2021, the Company issued 9,674,999 common share purchase warrants and 268,242 finder warrants in connection with the February 2021 and July 2021 private placement financings. In June and December 2021, 2,400,000 warrants were execised at an exercise price of Cdn$0.75 per share. The value of the warrants was calculated using the Black-Scholes model and the assumptions at grant date and period end date were as follows: (i) Risk-free interest rate: 0.17% - 3.46%, which is based on the Bank of Canada benchmark bonds yield 2 year rate in effect at the time of grant for bonds with maturity dates at the estimated term of the warrants (ii) Expected volatility: 61.99% - 92.15%, which is based on the Company's historical stock prices (iii) Expected life: 1 - 2 year (iv) Expected dividends: $Nil d) Loss per share Basic and diluted loss per share was calculated on the basis of the weighted average number of common shares outstanding for the year ended December 31, 2022 amounting to 143,673,147 (year ended December 31, 2021 - 127,374,340, December 31, 2020 - 105,203,090) common shares. Stock options and warrants were considered anti-dilutive and therefore were excluded from the calculation of diluted (loss) income per share. </div>

<div> <table border="0" cellspacing="0" style="width: 70%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom;"> </td> <td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: center; vertical-align: bottom;"> </td> <td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: center; vertical-align: bottom; white-space: nowrap;">Number of shares</td> <td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: center; vertical-align: bottom; white-space: nowrap;"> </td> <td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: center; vertical-align: bottom; white-space: nowrap;"> </td> <td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: center; vertical-align: bottom; white-space: nowrap;">Amount $</td> <td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: center; vertical-align: bottom;"> </td> </tr> <tr> <td style="border-bottom: 2.25pt double #000000; vertical-align: bottom; background-color: #e6efff;">Balance - December 31, 2019 </td> <td style="border-bottom: 2.25pt double #000000; vertical-align: bottom; background-color: #e6efff;"> </td> <td style="border-bottom: 2.25pt double #000000; vertical-align: bottom; background-color: #e6efff;"> </td> <td style="border-bottom: 2.25pt double #000000; vertical-align: bottom; background-color: #e6efff;"> </td> <td style="border-bottom: 2.25pt double #000000; vertical-align: bottom; background-color: #e6efff;"> </td> <td style="border-bottom: 2.25pt double #000000; vertical-align: bottom; background-color: #e6efff; text-align: right;">79,841,286</td> <td style="border-bottom: 2.25pt double #000000; vertical-align: bottom; background-color: #e6efff;"> </td> </tr> <tr> <td style="text-align: right; vertical-align: bottom;">February 3, 2020</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">500,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">135,594</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="text-align: right; vertical-align: bottom; background-color: #e6efff;">February 6, 2020</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">22,659</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">8,502</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="text-align: right; vertical-align: bottom;">February 25, 2020</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">6,000,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">1,807,200</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="text-align: right; vertical-align: bottom; background-color: #e6efff;">costs of issuance</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">(80,841</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;">)</td> </tr> <tr> <td style="text-align: right; vertical-align: bottom;">February 27, 2020</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">375,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">100,535</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="text-align: right; vertical-align: bottom; background-color: #e6efff;">June 30, 2020</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">24,896</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">8,292</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="text-align: right; vertical-align: bottom;">July 31, 2020</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">8,000,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">2,984,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="text-align: right; vertical-align: bottom; background-color: #e6efff;">August 27, 2020</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">2,000,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">761,700</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="text-align: right; vertical-align: bottom;">costs of issuance</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">(427,145</td> <td style="vertical-align: bottom; width: 2%; text-align: left;">)</td> </tr> <tr> <td style="text-align: right; vertical-align: bottom; background-color: #e6efff;">September 9, 2020</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">20,640</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">8,578</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; vertical-align: bottom;">Balance - December 31, 2020 </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; width: 17%; text-align: right;">112,224,174</td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; width: 17%; text-align: right;">85,147,700</td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="text-align: right; vertical-align: bottom;">February 2, 2021</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">1,930,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">753,183</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="text-align: right; vertical-align: bottom; background-color: #e6efff;">February 3, 2021</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">6,070,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">2,374,281</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="text-align: right; vertical-align: bottom;">February 12, 2021</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">3,500,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">1,376,725</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="text-align: right; vertical-align: bottom; background-color: #e6efff;">March 8, 2021</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">1,050,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">173,012</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="text-align: right; vertical-align: bottom;">costs of issuance</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">(941,195</td> <td style="vertical-align: bottom; width: 2%; text-align: left;">)</td> </tr> <tr> <td style="text-align: right; vertical-align: bottom; background-color: #e6efff;">June 21, 2021</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">600,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">363,600</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="text-align: right; vertical-align: bottom;">transfer from contributed surplus</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">66,083</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="text-align: right; vertical-align: bottom; background-color: #e6efff;">July 19, 2021</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">1,401,426</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">768,808</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="text-align: right; vertical-align: bottom;">July 22, 2021</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">125,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">69,624</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="text-align: right; vertical-align: bottom; background-color: #e6efff;">July 23, 2021</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">6,323,574</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">3,519,954</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="text-align: right; vertical-align: bottom;">costs of issuance</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">(480,970</td> <td style="vertical-align: bottom; width: 2%; text-align: left;">)</td> </tr> <tr> <td style="text-align: right; vertical-align: bottom; background-color: #e6efff;">October 4, 2021</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">75,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">51,827</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="text-align: right; vertical-align: bottom;">December 1, 2021</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">1,500,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">880,538</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="text-align: right; vertical-align: bottom; background-color: #e6efff;">December 21, 2021</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">300,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">174,060</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="text-align: right; vertical-align: bottom;">transfer from contributed surplus</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">206,765</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="text-align: right; vertical-align: bottom; background-color: #e6efff;">costs of issuance</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">(23,481</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;">)</td> </tr> <tr> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 17%; text-align: right;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 17%; text-align: right;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="border-bottom: 2.25pt double #000000; vertical-align: bottom; background-color: #e6efff;">Balance - December 31, 2021 </td> <td style="border-bottom: 2.25pt double #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 2.25pt double #000000; vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">135,099,174</td> <td style="border-bottom: 2.25pt double #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 2.25pt double #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 2.25pt double #000000; vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">94,480,512</td> <td style="border-bottom: 2.25pt double #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="text-align: right; vertical-align: bottom; background-color: #e6efff;">February 28, 2022</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">5,650,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">2,046,620</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="text-align: right; vertical-align: bottom;">costs of issuance</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">(47,036</td> <td style="vertical-align: bottom; width: 2%; text-align: left;">)</td> </tr> <tr> <td style="text-align: right; vertical-align: bottom; background-color: #e6efff;">March 10, 2022</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">75,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">51,045</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="text-align: right; vertical-align: bottom;">June 8, 2022</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">700,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">243,348</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="text-align: right; vertical-align: bottom; background-color: #e6efff;">June 10, 2022</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">6,050,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">2,103,225</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="text-align: right; vertical-align: bottom;">costs of issuance</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">(47,482</td> <td style="vertical-align: bottom; width: 2%; text-align: left;">)</td> </tr> <tr> <td style="text-align: right; vertical-align: bottom; background-color: #e6efff;">August 25, 2022</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">85,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">39,423</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="text-align: right; vertical-align: bottom;">September 20, 2022</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">85,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">38,214</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="text-align: right; vertical-align: bottom; background-color: #e6efff;">transfer from contributed surplus</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">8,369</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 17%; text-align: right;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 17%; text-align: right;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="border-bottom: 2.25pt double #000000; vertical-align: bottom; background-color: #e6efff;">Balance - December 31, 2022 </td> <td style="border-bottom: 2.25pt double #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 2.25pt double #000000; vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">147,744,174</td> <td style="border-bottom: 2.25pt double #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 2.25pt double #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 2.25pt double #000000; vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">98,916,239</td> <td style="border-bottom: 2.25pt double #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> </table> </div>

79841286

500000

135594

22659

8502

6000000

1807200

80841

375000

100535

24896

8292

8000000

2984000

2000000

761700

427145

20640

8578

112224174

85147700

1930000

753183

6070000

2374281

3500000

1376725

1050000

173012

941195

600000

363600

66083

1401426

768808

125000

69624

6323574

3519954

480970

75000

51827

1500000

880538

300000

174060

206765

23481

135099174

94480512

5650000

2046620

47036

75000

51045

700000

243348

6050000

2103225

47482

85000

39423

85000

38214

8369

147744174

98916239

6000000

0.4

1807200

2400000

80842

1790000

1440000

22659 0.5 875000 0.36 236129 315000 24896 0.4539

10000000

0.5

3745700

5000000

3390000

427145

20640 0.5475 11500000 0.5 4504188 5750000 0.75 12

1050000

99527

126000

600000 363600 450000 7850000 0.7 4358386 5495000 0.95 12

75000

41722

52500

1800000 1054598 1350000 5650000 0.55 2447236 3107500

47036

59728

0.75 24

75000

51045

65216

6750000 0.5 2641613 3375000

47482

60665

0.75 24

85000

39423

56498

85000

38214

56498

147744174

135099174

<div> <div style="margin-left: 36pt;"> <table border="0" cellspacing="0" style="border-collapse: collapse; border-color: #000000; font-size: 8pt; width: 100%;"> <tr> <td style="text-align: center; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; border-left: 0.75pt solid #000000; vertical-align: bottom; width: 10%; white-space: nowrap;">Date of Grant</td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;">Opening Balance</td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;">Granted during period</td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;">Cancelled</td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;">Exercised</td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;">Expired</td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;">Closing Balance</td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;">Exercise Price (Cdn $)</td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;">Exercise period (months)</td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; width: 10%; white-space: nowrap;">Expiry Date</td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;">Remaining contractual life (months)</td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; border-right: 0.75pt solid #000000;"> </td> </tr> <tr> <td style="text-align: center; border-left: 0.75pt solid #000000; vertical-align: bottom; width: 10%; background-color: #e6efff;"> 2020-07-31 </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">123,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">(123,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;">)</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">0.61</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">24</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 10%; text-align: right; background-color: #e6efff;">2022-07-31</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; border-right: 0.75pt solid #000000; background-color: #e6efff;"> </td> </tr> <tr> <td style="text-align: center; border-left: 0.75pt solid #000000; vertical-align: bottom; width: 10%;"> 2020-09-18 </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">318,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">(318,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left;">)</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; width: 6%; text-align: right;">0.61</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">24</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 10%; text-align: right;">2022-08-26</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; border-right: 0.75pt solid #000000;"> </td> </tr> <tr> <td style="text-align: center; border-left: 0.75pt solid #000000; vertical-align: bottom; width: 10%; background-color: #e6efff;"> 2021-02-02 </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">1,050,800</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">(1,050,800</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;">)</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">0.75</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">12</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 10%; text-align: right; background-color: #e6efff;">2022-02-02</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; border-right: 0.75pt solid #000000; background-color: #e6efff;"> </td> </tr> <tr> <td style="text-align: center; border-left: 0.75pt solid #000000; vertical-align: bottom; width: 10%;"> 2021-02-03 </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">1,001,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">(1,001,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left;">)</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; width: 6%; text-align: right;">0.75</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">12</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 10%; text-align: right;">2022-02-03</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; border-right: 0.75pt solid #000000;"> </td> </tr> <tr> <td style="text-align: center; border-left: 0.75pt solid #000000; vertical-align: bottom; width: 10%; background-color: #e6efff;"> 2021-02-12 </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">1,504,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">(1,504,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;">)</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">0.75</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">12</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 10%; text-align: right; background-color: #e6efff;">2022-02-12</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; border-right: 0.75pt solid #000000; background-color: #e6efff;"> </td> </tr> <tr> <td style="text-align: center; border-left: 0.75pt solid #000000; vertical-align: bottom; width: 10%;"> 2021-07-19 </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">720,513</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">(720,513</td> <td style="vertical-align: bottom; width: 2%; text-align: left;">)</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; width: 6%; text-align: right;">0.95</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">12</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 10%; text-align: right;">2022-07-19</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; border-right: 0.75pt solid #000000;"> </td> </tr> <tr> <td style="text-align: center; border-left: 0.75pt solid #000000; vertical-align: bottom; width: 10%; background-color: #e6efff;"> 2021-07-22 </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">70,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">(70,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;">)</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">0.95</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">12</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 10%; text-align: right; background-color: #e6efff;">2022-07-22</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; border-right: 0.75pt solid #000000; background-color: #e6efff;"> </td> </tr> <tr> <td style="text-align: center; border-left: 0.75pt solid #000000; vertical-align: bottom; width: 10%;"> 2021-07-23 </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">3,196,928</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">(3,196,928</td> <td style="vertical-align: bottom; width: 2%; text-align: left;">)</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; width: 6%; text-align: right;">0.95</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">12</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 10%; text-align: right;">2022-07-23</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; border-right: 0.75pt solid #000000;"> </td> </tr> <tr> <td style="text-align: center; border-left: 0.75pt solid #000000; vertical-align: bottom; width: 10%; background-color: #e6efff;"> 2022-02-28 </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">2,873,540</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">2,873,540</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">0.75</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">24</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 10%; text-align: right; background-color: #e6efff;">2024-02-28</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">14</td> <td style="vertical-align: bottom; width: 2%; text-align: left; border-right: 0.75pt solid #000000; background-color: #e6efff;"> </td> </tr> <tr> <td style="text-align: center; border-left: 0.75pt solid #000000; vertical-align: bottom; width: 10%;"> 2022-06-08 </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">350,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">350,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; width: 6%; text-align: right;">0.75</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">24</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 10%; text-align: right;">2024-06-08</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 6%; text-align: right;">18</td> <td style="vertical-align: bottom; width: 2%; text-align: left; border-right: 0.75pt solid #000000;"> </td> </tr> <tr> <td style="text-align: center; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 10%; background-color: #e6efff;"> 2022-06-10 </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">3,025,000</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">3,025,000</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">0.75</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">24</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 10%; text-align: right; background-color: #e6efff;">2024-06-10</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right; background-color: #e6efff;">18</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; border-right: 0.75pt solid #000000; background-color: #e6efff;"> </td> </tr> <tr> <td style="text-align: center; border-left: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 10%;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">7,984,241</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">6,248,540</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">(7,984,241</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;">)</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;">6,248,540</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 10%; text-align: right;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 6%; text-align: right;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; border-right: 0.75pt solid #000000;"> </td> </tr> </table> </div> </div> 2020-07-31 123000 0 0 0 123000 0 0.61 24 0 2020-09-18 318000 0 0 0 318000 0 0.61 24 0 2021-02-02 1050800 0 0 0 1050800 0 0.75 12 0 2021-02-03 1001000 0 0 0 1001000 0 0.75 12 0 2021-02-12 1504000 0 0 0 1504000 0 0.75 12 0 2021-07-19 720513 0 0 0 720513 0 0.95 12 0 2021-07-22 70000 0 0 0 70000 0 0.95 12 0 2021-07-23 3196928 0 0 0 3196928 0 0.95 12 0 2022-02-28 0 2873540 0 0 0 2873540 0.75 24 14 2022-06-08 350000 0 0 0 350000 0.75 24 18 2022-06-10 0 3025000 0 0 0 3025000 0.75 24 18 7984241 6248540 0 0 7984241 6248540 6248540 7984241 2825000 48540

9205

11689

3375000 7984241 9674999 268242 2400000 0.75 0.0017 0.0346 0.6199 0.9215 1 2 0

143673147

127374340

105203090

<div> <div> <div> <div> <div> <div> <div> <div> 14. Share-Based Payments </div> </div> </div> </div> </div> </div> </div> <div> <div> The Company has an incentive Stock Option Plan under which non-transferable options to purchase common shares of the Company may be granted to directors, officers, employees or consultants of the Company or any of its subsidiaries. No amounts are paid or payable by the recipient on receipt of the option, and the exercise of the options granted is not dependent on any performance-based criteria. In accordance with these programs, options are exercisable at a price not less than the last closing price of the shares at the grant date. Under this Stock Option Plan, unless otherwise determined by the board at the time of the granting of the options, 25% of the options granted vest on each of the 6 month, 12 month, 18 month and 24 month anniversaries of the grant date. As per the determination of the board, (a) the stock options granted on June 24, 2019, December 6, 2019, January 14, 2020, March 15, 2021, September 3, 2021, September 29, 2021, March 14, 2022, June 14, 2022 and certain stock options granted on September 15, 2020 fully vested on the 4 month anniversary of the grant date, and (b) 50% of the stock granted on April 15, 2022 vested on the grant date and the remaining 50% of such stock options vested on the 5 month anniversary of the grant date, and (c) other stock options granted on September 15, 2020 and all of the stock options granted October 1, 2021 vested on the grant date. The following tables summarize information about stock options: <div style="margin-left: 36pt;"> <table border="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt;"> <tr> <td colspan="4" style="border-bottom: 0.75pt solid #000000; width: 23.7054%; white-space: nowrap;">For the year ended December 31, 2021</td> <td style="border-bottom: 0.75pt solid #000000; width: 8.28539%; white-space: nowrap;"> </td> <td style="border-bottom: 0.75pt solid #000000; width: 8.05524%; white-space: nowrap;"> </td> <td style="border-bottom: 0.75pt solid #000000; width: 10.2417%; white-space: nowrap;"> </td> <td style="border-bottom: 0.75pt solid #000000; width: 9.43613%; white-space: nowrap;"> </td> <td style="border-bottom: 0.75pt solid #000000; width: 10.702%; white-space: nowrap;"> </td> <td style="border-bottom: 0.75pt solid #000000; width: 9.66628%; white-space: nowrap;"> </td> </tr> <tr> <td style="width: 13.3487%; text-align: center; white-space: nowrap;"> </td> <td style="width: 10.3567%; text-align: center; white-space: nowrap;"> </td> <td colspan="4" style="width: 36.0185%; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;">During the year</td> <td style="width: 10.2417%; text-align: center; white-space: nowrap;"> </td> <td style="width: 9.43613%; text-align: center; white-space: nowrap;"> </td> <td style="width: 10.702%; text-align: center; white-space: nowrap;"> </td> <td style="width: 9.66628%; text-align: center; white-space: nowrap;"> </td> </tr> <tr> <td style="width: 13.3487%; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;">Exercise Price Range (Cdn$)</td> <td style="width: 10.3567%; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;">Opening Balance</td> <td style="width: 10.2417%; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;">Granted</td> <td style="width: 9.43613%; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;">Exercised</td> <td style="width: 8.28539%; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;">Forfeiture</td> <td style="width: 8.05524%; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;">Expired</td> <td style="width: 10.2417%; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;">Closing Balance</td> <td style="width: 9.43613%; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;">Weighted average remaining contractual life (years)</td> <td style="width: 10.702%; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;">Vested & Exercisable</td> <td style="width: 9.66628%; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;">Unvested</td> </tr> <tr> <td style="width: 13.3487%; text-align: center; border-bottom: 0.75pt solid #000000; background-color: #e6efff;">0-0.70</td> <td style="width: 10.3567%; text-align: right; border-bottom: 0.75pt solid #000000; background-color: #e6efff;">5,505,000</td> <td style="width: 10.2417%; text-align: right; border-bottom: 0.75pt solid #000000; background-color: #e6efff;">4,096,000</td> <td style="width: 9.43613%; text-align: right; border-bottom: 0.75pt solid #000000; background-color: #e6efff;">(1,125,000)</td> <td style="width: 8.28539%; text-align: right; border-bottom: 0.75pt solid #000000; background-color: #e6efff;">-</td> <td style="width: 8.05524%; text-align: right; border-bottom: 0.75pt solid #000000; background-color: #e6efff;">-</td> <td style="width: 10.2417%; text-align: right; border-bottom: 0.75pt solid #000000; background-color: #e6efff;">8,476,000</td> <td style="width: 9.43613%; text-align: right; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"> 3.55 </td> <td style="width: 10.702%; text-align: right; border-bottom: 0.75pt solid #000000; background-color: #e6efff;">6,080,000</td> <td style="width: 9.66628%; text-align: right; border-bottom: 0.75pt solid #000000; background-color: #e6efff;">2,396,000</td> </tr> <tr> <td style="width: 13.3487%; text-align: center; border-bottom: 0.75pt solid #000000;">Weighted Average Exercise Price (Cdn$)</td> <td style="width: 10.3567%; vertical-align: bottom; text-align: right; border-bottom: 0.75pt solid #000000;">0.30</td> <td style="width: 10.2417%; vertical-align: bottom; text-align: right; border-bottom: 0.75pt solid #000000;">0.65</td> <td style="width: 9.43613%; vertical-align: bottom; text-align: right; border-bottom: 0.75pt solid #000000;">0.70</td> <td style="width: 8.28539%; vertical-align: bottom; text-align: right; border-bottom: 0.75pt solid #000000;"> </td> <td style="width: 8.05524%; vertical-align: bottom; text-align: right; border-bottom: 0.75pt solid #000000;"> </td> <td style="width: 10.2417%; vertical-align: bottom; text-align: right; border-bottom: 0.75pt solid #000000;">0.53</td> <td style="width: 9.43613%; vertical-align: bottom; text-align: right; border-bottom: 0.75pt solid #000000;"> </td> <td style="width: 10.702%; vertical-align: bottom; text-align: right; border-bottom: 0.75pt solid #000000;">0.42</td> <td style="width: 9.66628%; vertical-align: bottom; text-align: right; border-bottom: 0.75pt solid #000000;"> </td> </tr> <tr> <td style="width: 13.3487%; text-align: center;"> </td> <td style="width: 10.3567%; text-align: center;"> </td> <td style="width: 10.2417%; text-align: center;"> </td> <td style="width: 9.43613%; text-align: center;"> </td> <td style="width: 8.28539%; text-align: center;"> </td> <td style="width: 8.05524%; text-align: center;"> </td> <td style="width: 10.2417%; text-align: center;"> </td> <td style="width: 9.43613%; text-align: center;"> </td> <td style="width: 10.702%; text-align: center;"> </td> <td style="width: 9.66628%; text-align: center;"> </td> </tr> <tr> <td colspan="4" style="width: 23.7054%; text-align: left; border-bottom: 0.75pt solid #000000;">For the year ended December 31, 2022</td> <td style="width: 8.28539%; text-align: center; border-bottom: 0.75pt solid #000000;"> </td> <td style="width: 8.05524%; text-align: center; border-bottom: 0.75pt solid #000000;"> </td> <td style="width: 10.2417%; text-align: center; border-bottom: 0.75pt solid #000000;"> </td> <td style="width: 9.43613%; text-align: center; border-bottom: 0.75pt solid #000000;"> </td> <td style="width: 10.702%; text-align: center; border-bottom: 0.75pt solid #000000;"> </td> <td style="width: 9.66628%; text-align: center; border-bottom: 0.75pt solid #000000;"> </td> </tr> <tr> <td style="width: 13.3487%; text-align: center;"> </td> <td style="width: 10.3567%; text-align: center;"> </td> <td colspan="4" style="width: 36.0185%; text-align: center; border-bottom: 0.75pt solid #000000;">During the year</td> <td style="width: 10.2417%; text-align: center;"> </td> <td style="width: 9.43613%; text-align: center;"> </td> <td style="width: 10.702%; text-align: center;"> </td> <td style="width: 9.66628%; text-align: center;"> </td> </tr> <tr> <td style="width: 13.3487%; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;">Exercise Price Range (Cdn$)</td> <td style="width: 10.3567%; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;">Opening Balance</td> <td style="width: 10.2417%; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;">Granted</td> <td style="width: 9.43613%; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;">Exercised</td> <td style="width: 8.28539%; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;">Forfeiture</td> <td style="width: 8.05524%; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;">Expired</td> <td style="width: 10.2417%; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;">Closing Balance</td> <td style="width: 9.43613%; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;">Weighted average remaining contractual life (years)</td> <td style="width: 10.702%; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;">Vested & Exercisable</td> <td style="width: 9.66628%; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;">Unvested</td> </tr> <tr> <td style="width: 13.3487%; text-align: center; border-bottom: 0.75pt solid #000000; background-color: #e6efff;">0-0.70</td> <td style="width: 10.3567%; border-bottom: 0.75pt solid #000000; text-align: right; background-color: #e6efff;">8,476,000</td> <td style="width: 10.2417%; border-bottom: 0.75pt solid #000000; text-align: right; background-color: #e6efff;">2,645,000</td> <td style="width: 9.43613%; border-bottom: 0.75pt solid #000000; text-align: right; background-color: #e6efff;">(245,000)</td> <td style="width: 8.28539%; border-bottom: 0.75pt solid #000000; text-align: right; background-color: #e6efff;">(45,000)</td> <td style="width: 8.05524%; border-bottom: 0.75pt solid #000000; text-align: right; background-color: #e6efff;">-</td> <td style="width: 10.2417%; border-bottom: 0.75pt solid #000000; text-align: right; background-color: #e6efff;">10,831,000</td> <td style="width: 9.43613%; border-bottom: 0.75pt solid #000000; text-align: right; background-color: #e6efff;"> 2.97 </td> <td style="width: 10.702%; border-bottom: 0.75pt solid #000000; text-align: right; background-color: #e6efff;">10,831,000</td> <td style="width: 9.66628%; border-bottom: 0.75pt solid #000000; text-align: right; background-color: #e6efff;">-</td> </tr> <tr> <td style="width: 13.3487%; text-align: center; border-bottom: 0.75pt solid #000000;">Weighted Average Exercise Price (Cdn$)</td> <td style="width: 10.3567%; border-bottom: 0.75pt solid #000000; vertical-align: bottom; text-align: right;">0.53</td> <td style="width: 10.2417%; border-bottom: 0.75pt solid #000000; vertical-align: bottom; text-align: right;">0.64</td> <td style="width: 9.43613%; border-bottom: 0.75pt solid #000000; vertical-align: bottom; text-align: right;">0.70</td> <td style="width: 8.28539%; border-bottom: 0.75pt solid #000000; vertical-align: bottom; text-align: right;"> </td> <td style="width: 8.05524%; border-bottom: 0.75pt solid #000000; vertical-align: bottom; text-align: right;"> </td> <td style="width: 10.2417%; border-bottom: 0.75pt solid #000000; vertical-align: bottom; text-align: right;">0.59</td> <td style="width: 9.43613%; border-bottom: 0.75pt solid #000000; vertical-align: bottom; text-align: right;"> </td> <td style="width: 10.702%; border-bottom: 0.75pt solid #000000; vertical-align: bottom; text-align: right;">0.51</td> <td style="width: 9.66628%; border-bottom: 0.75pt solid #000000; vertical-align: bottom; text-align: right;"> </td> </tr> </table> </div> During the year ended December 31, 2022, the Company recognized in the statement of loss and comprehensive loss as share-based payments expense $377,402 (year ended December 31, 2021 - $782,815; year ended December 31, 2020 - $289,665) representing the vesting of the fair value at the date of grant of stock options previously granted to employees, directors and officers under the Company's Stock Option Plan. During the year ended December 31, 2022, the Company recognized $224,329 representing the vesting of fair value at the date of grant of stock options previously granted to consultants, which was recorded under consulting, management and professional fees in the consolidated statements of loss and comprehensive loss (year ended December 31, 2021 - $251,527; year ended December 31, 2020 - $135,876). In addition, an amount of $86,085 for the year ended December 31, 2022 (year ended December 31, 2021 - $138,308 ; year ended December 31, 2020 - $nil) related to stock options issued to employees of the Company's subsidiary in the Congo was capitalized to exploration and evaluation asset. <div> </div> The value of the options was calculated using the Black-Scholes model and the assumptions at grant date and period end date were as follows: (i) Risk-free interest rate: 0.26% - 3.46%, which is based on the Bank of Canada benchmark bonds yield 2 to 3 year rate in effect at the time of grant for bonds with maturity dates at the estimated term of the options (ii) Expected volatility: 56.92% - 101.24%, which is based on the Company's historical stock prices (iii) Expected life: 0.5 - 3 years (iv) Expected dividends: $Nil </div> </div> </div>

Under this Stock Option Plan, unless otherwise determined by the board at the time of the granting of the options, 25% of the options granted vest on each of the 6 month, 12 month, 18 month and 24 month anniversaries of the grant date. As per the determination of the board, (a) the stock options granted on June 24, 2019, December 6, 2019, January 14, 2020, March 15, 2021, September 3, 2021, September 29, 2021, March 14, 2022, June 14, 2022 and certain stock options granted on September 15, 2020 fully vested on the 4 month anniversary of the grant date, and (b) 50% of the stock granted on April 15, 2022 vested on the grant date and the remaining 50% of such stock options vested on the 5 month anniversary of the grant date, and (c) other stock options granted on September 15, 2020 and all of the stock options granted October 1, 2021 vested on the grant date.

<table border="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt;"> <tr> <td colspan="4" style="border-bottom: 0.75pt solid #000000; width: 23.7054%; white-space: nowrap;">For the year ended December 31, 2021</td> <td style="border-bottom: 0.75pt solid #000000; width: 8.28539%; white-space: nowrap;"> </td> <td style="border-bottom: 0.75pt solid #000000; width: 8.05524%; white-space: nowrap;"> </td> <td style="border-bottom: 0.75pt solid #000000; width: 10.2417%; white-space: nowrap;"> </td> <td style="border-bottom: 0.75pt solid #000000; width: 9.43613%; white-space: nowrap;"> </td> <td style="border-bottom: 0.75pt solid #000000; width: 10.702%; white-space: nowrap;"> </td> <td style="border-bottom: 0.75pt solid #000000; width: 9.66628%; white-space: nowrap;"> </td> </tr> <tr> <td style="width: 13.3487%; text-align: center; white-space: nowrap;"> </td> <td style="width: 10.3567%; text-align: center; white-space: nowrap;"> </td> <td colspan="4" style="width: 36.0185%; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;">During the year</td> <td style="width: 10.2417%; text-align: center; white-space: nowrap;"> </td> <td style="width: 9.43613%; text-align: center; white-space: nowrap;"> </td> <td style="width: 10.702%; text-align: center; white-space: nowrap;"> </td> <td style="width: 9.66628%; text-align: center; white-space: nowrap;"> </td> </tr> <tr> <td style="width: 13.3487%; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;">Exercise Price Range (Cdn$)</td> <td style="width: 10.3567%; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;">Opening Balance</td> <td style="width: 10.2417%; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;">Granted</td> <td style="width: 9.43613%; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;">Exercised</td> <td style="width: 8.28539%; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;">Forfeiture</td> <td style="width: 8.05524%; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;">Expired</td> <td style="width: 10.2417%; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;">Closing Balance</td> <td style="width: 9.43613%; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;">Weighted average remaining contractual life (years)</td> <td style="width: 10.702%; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;">Vested & Exercisable</td> <td style="width: 9.66628%; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;">Unvested</td> </tr> <tr> <td style="width: 13.3487%; text-align: center; border-bottom: 0.75pt solid #000000; background-color: #e6efff;">0-0.70</td> <td style="width: 10.3567%; text-align: right; border-bottom: 0.75pt solid #000000; background-color: #e6efff;">5,505,000</td> <td style="width: 10.2417%; text-align: right; border-bottom: 0.75pt solid #000000; background-color: #e6efff;">4,096,000</td> <td style="width: 9.43613%; text-align: right; border-bottom: 0.75pt solid #000000; background-color: #e6efff;">(1,125,000)</td> <td style="width: 8.28539%; text-align: right; border-bottom: 0.75pt solid #000000; background-color: #e6efff;">-</td> <td style="width: 8.05524%; text-align: right; border-bottom: 0.75pt solid #000000; background-color: #e6efff;">-</td> <td style="width: 10.2417%; text-align: right; border-bottom: 0.75pt solid #000000; background-color: #e6efff;">8,476,000</td> <td style="width: 9.43613%; text-align: right; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"> 3.55 </td> <td style="width: 10.702%; text-align: right; border-bottom: 0.75pt solid #000000; background-color: #e6efff;">6,080,000</td> <td style="width: 9.66628%; text-align: right; border-bottom: 0.75pt solid #000000; background-color: #e6efff;">2,396,000</td> </tr> <tr> <td style="width: 13.3487%; text-align: center; border-bottom: 0.75pt solid #000000;">Weighted Average Exercise Price (Cdn$)</td> <td style="width: 10.3567%; vertical-align: bottom; text-align: right; border-bottom: 0.75pt solid #000000;">0.30</td> <td style="width: 10.2417%; vertical-align: bottom; text-align: right; border-bottom: 0.75pt solid #000000;">0.65</td> <td style="width: 9.43613%; vertical-align: bottom; text-align: right; border-bottom: 0.75pt solid #000000;">0.70</td> <td style="width: 8.28539%; vertical-align: bottom; text-align: right; border-bottom: 0.75pt solid #000000;"> </td> <td style="width: 8.05524%; vertical-align: bottom; text-align: right; border-bottom: 0.75pt solid #000000;"> </td> <td style="width: 10.2417%; vertical-align: bottom; text-align: right; border-bottom: 0.75pt solid #000000;">0.53</td> <td style="width: 9.43613%; vertical-align: bottom; text-align: right; border-bottom: 0.75pt solid #000000;"> </td> <td style="width: 10.702%; vertical-align: bottom; text-align: right; border-bottom: 0.75pt solid #000000;">0.42</td> <td style="width: 9.66628%; vertical-align: bottom; text-align: right; border-bottom: 0.75pt solid #000000;"> </td> </tr> <tr> <td style="width: 13.3487%; text-align: center;"> </td> <td style="width: 10.3567%; text-align: center;"> </td> <td style="width: 10.2417%; text-align: center;"> </td> <td style="width: 9.43613%; text-align: center;"> </td> <td style="width: 8.28539%; text-align: center;"> </td> <td style="width: 8.05524%; text-align: center;"> </td> <td style="width: 10.2417%; text-align: center;"> </td> <td style="width: 9.43613%; text-align: center;"> </td> <td style="width: 10.702%; text-align: center;"> </td> <td style="width: 9.66628%; text-align: center;"> </td> </tr> <tr> <td colspan="4" style="width: 23.7054%; text-align: left; border-bottom: 0.75pt solid #000000;">For the year ended December 31, 2022</td> <td style="width: 8.28539%; text-align: center; border-bottom: 0.75pt solid #000000;"> </td> <td style="width: 8.05524%; text-align: center; border-bottom: 0.75pt solid #000000;"> </td> <td style="width: 10.2417%; text-align: center; border-bottom: 0.75pt solid #000000;"> </td> <td style="width: 9.43613%; text-align: center; border-bottom: 0.75pt solid #000000;"> </td> <td style="width: 10.702%; text-align: center; border-bottom: 0.75pt solid #000000;"> </td> <td style="width: 9.66628%; text-align: center; border-bottom: 0.75pt solid #000000;"> </td> </tr> <tr> <td style="width: 13.3487%; text-align: center;"> </td> <td style="width: 10.3567%; text-align: center;"> </td> <td colspan="4" style="width: 36.0185%; text-align: center; border-bottom: 0.75pt solid #000000;">During the year</td> <td style="width: 10.2417%; text-align: center;"> </td> <td style="width: 9.43613%; text-align: center;"> </td> <td style="width: 10.702%; text-align: center;"> </td> <td style="width: 9.66628%; text-align: center;"> </td> </tr> <tr> <td style="width: 13.3487%; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;">Exercise Price Range (Cdn$)</td> <td style="width: 10.3567%; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;">Opening Balance</td> <td style="width: 10.2417%; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;">Granted</td> <td style="width: 9.43613%; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;">Exercised</td> <td style="width: 8.28539%; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;">Forfeiture</td> <td style="width: 8.05524%; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;">Expired</td> <td style="width: 10.2417%; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;">Closing Balance</td> <td style="width: 9.43613%; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;">Weighted average remaining contractual life (years)</td> <td style="width: 10.702%; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;">Vested & Exercisable</td> <td style="width: 9.66628%; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;">Unvested</td> </tr> <tr> <td style="width: 13.3487%; text-align: center; border-bottom: 0.75pt solid #000000; background-color: #e6efff;">0-0.70</td> <td style="width: 10.3567%; border-bottom: 0.75pt solid #000000; text-align: right; background-color: #e6efff;">8,476,000</td> <td style="width: 10.2417%; border-bottom: 0.75pt solid #000000; text-align: right; background-color: #e6efff;">2,645,000</td> <td style="width: 9.43613%; border-bottom: 0.75pt solid #000000; text-align: right; background-color: #e6efff;">(245,000)</td> <td style="width: 8.28539%; border-bottom: 0.75pt solid #000000; text-align: right; background-color: #e6efff;">(45,000)</td> <td style="width: 8.05524%; border-bottom: 0.75pt solid #000000; text-align: right; background-color: #e6efff;">-</td> <td style="width: 10.2417%; border-bottom: 0.75pt solid #000000; text-align: right; background-color: #e6efff;">10,831,000</td> <td style="width: 9.43613%; border-bottom: 0.75pt solid #000000; text-align: right; background-color: #e6efff;"> 2.97 </td> <td style="width: 10.702%; border-bottom: 0.75pt solid #000000; text-align: right; background-color: #e6efff;">10,831,000</td> <td style="width: 9.66628%; border-bottom: 0.75pt solid #000000; text-align: right; background-color: #e6efff;">-</td> </tr> <tr> <td style="width: 13.3487%; text-align: center; border-bottom: 0.75pt solid #000000;">Weighted Average Exercise Price (Cdn$)</td> <td style="width: 10.3567%; border-bottom: 0.75pt solid #000000; vertical-align: bottom; text-align: right;">0.53</td> <td style="width: 10.2417%; border-bottom: 0.75pt solid #000000; vertical-align: bottom; text-align: right;">0.64</td> <td style="width: 9.43613%; border-bottom: 0.75pt solid #000000; vertical-align: bottom; text-align: right;">0.70</td> <td style="width: 8.28539%; border-bottom: 0.75pt solid #000000; vertical-align: bottom; text-align: right;"> </td> <td style="width: 8.05524%; border-bottom: 0.75pt solid #000000; vertical-align: bottom; text-align: right;"> </td> <td style="width: 10.2417%; border-bottom: 0.75pt solid #000000; vertical-align: bottom; text-align: right;">0.59</td> <td style="width: 9.43613%; border-bottom: 0.75pt solid #000000; vertical-align: bottom; text-align: right;"> </td> <td style="width: 10.702%; border-bottom: 0.75pt solid #000000; vertical-align: bottom; text-align: right;">0.51</td> <td style="width: 9.66628%; border-bottom: 0.75pt solid #000000; vertical-align: bottom; text-align: right;"> </td> </tr> </table>

0.7

5505000

4096000

1125000

8476000

P3Y6M18D

6080000

2396000

0.3

0.65

0.7

0.53

0.42

0.7

8476000

2645000

245000

45000

10831000

P2Y11M19D

10831000

0.53

0.64

0.7

0.59

0.51

377402

782815

289665

224329 251527 135876 86085 138308 0

0.0026

0.0346

0.5692

1.0124

0.5

<div> <div> <div> <div> <div> <div> 15. Lease obligations </div> </div> </div> </div> </div> <div> <div> The Company has a lease agreement for the head office location in Toronto, Canada with a monthly basic rent obligation of aproximately $4,079 (Cdn $5,525) starting March 1, 2023 for a 3 year term. Effective January 1, 2019, the Company adopted IFRS 16 to its accounting policy and recognized a right-of-use asset and a lease liability of $739,106 (Cdn $1,008,331) for its office lease agreement. On July 1, 2020 the right-of-use-asset was revalued at $687,957 (Cdn $932,123). The right-of-use asset is being amortized on a straight-line basis over the lease term. The discount rate used to revalue the lease liability was 3.45%. As at December 31, 2022, the undiscounted cash flows for this office lease agreement to October 31, 2022 were $nil. Changes in the lease obligation for the years ended December 31, 2022 and 2021 were as follows: <div style="margin-left: 36pt;"> <div> <table border="0" cellspacing="0" style="width: 80%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="vertical-align: bottom;"> </td> <td style="text-align: center; vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000;"> </td> <td style="text-align: center; vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000;">December 31, 2022</td> <td style="text-align: center; vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000;"> </td> <td style="text-align: center; vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000;"> </td> <td style="text-align: center; vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000;">December 31, 2021</td> <td style="text-align: center; vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;">Balance - beginning of the period</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">138,684</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">348,244</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;">Liability settled</td> <td style="vertical-align: bottom; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; width: 17%; text-align: right;">(141,049</td> <td style="vertical-align: bottom; width: 2%; text-align: left;">)</td> <td style="vertical-align: bottom; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; width: 17%; text-align: right;">(218,880</td> <td style="vertical-align: bottom; width: 2%; text-align: left;">)</td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;">Liability revaluation</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;">Interest expense</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;">$</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 17%; text-align: right;">2,365</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;">$</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 17%; text-align: right;">9,320</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;">Balance - end of the period</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">-</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">138,684</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;">Current portion</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">138,684</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;">Long-term portion</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;">$</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 17%; text-align: right;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;">$</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 17%; text-align: right;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;">Total lease obligation</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">-</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">138,684</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> </table> </div> </div> For the year ended December 31, 2022, the Company recognized lease revenues of $50,767 in the consolidated statements of loss and comprehensive loss from its sub-lease arrangement with Gentor Resources Inc. (year ended December 31, 2021 - $52,668; year ended December 31, 2020 - $53,623). The Company has an exploration office lease in Congo, which can be cancelled with three months notices in advance without any penalty. For the year ended December 31, 2022, the lease expense in the amount of $20,400 (year ended December 31, 2021 - $20,400; year ended December 31, 2020 - $20,400) in relation to the Congo office, was capitalized to exploration and evaluation assets. </div> </div> </div>

4079 5525 P3Y

739106

1008331

687957

932123

0.0345

<div> <table border="0" cellspacing="0" style="width: 80%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="vertical-align: bottom;"> </td> <td style="text-align: center; vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000;"> </td> <td style="text-align: center; vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000;">December 31, 2022</td> <td style="text-align: center; vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000;"> </td> <td style="text-align: center; vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000;"> </td> <td style="text-align: center; vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000;">December 31, 2021</td> <td style="text-align: center; vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;">Balance - beginning of the period</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">138,684</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">348,244</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;">Liability settled</td> <td style="vertical-align: bottom; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; width: 17%; text-align: right;">(141,049</td> <td style="vertical-align: bottom; width: 2%; text-align: left;">)</td> <td style="vertical-align: bottom; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; width: 17%; text-align: right;">(218,880</td> <td style="vertical-align: bottom; width: 2%; text-align: left;">)</td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;">Liability revaluation</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;">Interest expense</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;">$</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 17%; text-align: right;">2,365</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;">$</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 17%; text-align: right;">9,320</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;">Balance - end of the period</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">-</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">138,684</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;">Current portion</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">138,684</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;">Long-term portion</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;">$</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 17%; text-align: right;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;">$</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 17%; text-align: right;">-</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;">Total lease obligation</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">-</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">138,684</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> </table> </div>

138684

348244

141049

218880

0 0

2365

9320

138684

50767

52668

53623

20400 20400 20400

<div> <div> <div> <div> <div> <div> <div> <div> 16. Financial risk management objectives and policies a) Fair value of financial assets and liabilities The consolidated statements of financial position carrying amounts for cash and cash equivalents, advances receivable and prepaid expenses, amounts due to/from related parties, accounts payable, accrued liabilities and the employee retention allowance approximate fair value due to their short-term nature. <div> </div> Fair value hierarchy The following table provides an analysis of financial instruments that are measured subsequent to initial recognition at fair value, grouped into Levels 1 to 3 based on the degree to which the fair value is observable: • Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical assets or liabilities; • Level 2 fair value measurements are those derived from inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices); • Level 3 fair value measurements are those derived from valuation techniques that include inputs for the asset or liability that are not based on observable market data (unobservable inputs). There were no transfers between Level 1, 2 and 3 during the reporting period. Cash and cash equivalents are ranked Level 1 as the market value is readily observable. The carrying value of cash and cash equivalents approximates fair value, as maturities are less than three months. The fair value of warrants (note 13c) would be included in the hierarchy as follows: </div> </div> </div> </div> </div> </div> </div> <div> <div> <div> <div> <div> <div> <div> <div style="margin-left: 34.5pt;"> <table border="0" cellspacing="0" style="width: 80%;"> <tr> <td style="text-align: right; white-space: nowrap; width: 41%;">At December 31, 2022</td> <td style="text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="text-align: right; white-space: nowrap; width: 17%;"> </td> <td style="text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="text-align: right; white-space: nowrap; width: 17%;"> </td> <td style="text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="text-align: right; white-space: nowrap; width: 17%;"> </td> <td style="text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="text-align: right; white-space: nowrap; width: 41%;"> </td> <td style="text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="text-align: right; white-space: nowrap; width: 17%;"> </td> <td style="text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="text-align: right; white-space: nowrap; width: 17%;"> </td> <td style="text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="text-align: right; white-space: nowrap; width: 17%;"> </td> <td style="text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="text-align: right; white-space: nowrap; border-bottom: 1.5pt solid black; width: 41%;">Liabilities:</td> <td style="text-align: right; white-space: nowrap; border-bottom: 1.5pt solid black; width: 2%;"> </td> <td style="text-align: right; white-space: nowrap; border-bottom: 1.5pt solid black; width: 17%;">Level 1</td> <td style="text-align: right; white-space: nowrap; border-bottom: 1.5pt solid black; width: 2%;"> </td> <td style="text-align: right; white-space: nowrap; border-bottom: 1.5pt solid black; width: 17%;">Level 2</td> <td style="text-align: right; white-space: nowrap; border-bottom: 1.5pt solid black; width: 2%;"> </td> <td style="text-align: right; white-space: nowrap; border-bottom: 1.5pt solid black; width: 17%;">Level 3</td> <td style="text-align: right; white-space: nowrap; border-bottom: 1.5pt solid black; width: 2%;"> </td> </tr> <tr style="background-color: #e6efff;"> <td style="text-align: right; background-color: #e6efff; width: 41%;">Canadian dollar common share purchase warrants</td> <td style="text-align: right; background-color: #e6efff; width: 2%;"> </td> <td style="text-align: right; background-color: #e6efff; width: 17%;">-</td> <td style="text-align: right; background-color: #e6efff; width: 2%;"> $ </td> <td style="text-align: right; background-color: #e6efff; width: 17%;">0</td> <td style="text-align: right; background-color: #e6efff; width: 2%;"> </td> <td style="text-align: right; background-color: #e6efff; width: 17%;">-</td> <td style="text-align: right; background-color: #e6efff; width: 2%;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="text-align: right; background-color: #ffffff; width: 41%;"> </td> <td style="text-align: right; background-color: #ffffff; width: 2%;"> </td> <td style="text-align: right; background-color: #ffffff; width: 17%;"> </td> <td style="background-color: #ffffff; width: 2%; text-align: right;"> </td> <td style="text-align: right; background-color: #ffffff; width: 17%;"> </td> <td style="text-align: right; background-color: #ffffff; width: 2%;"> </td> <td style="text-align: right; background-color: #ffffff; width: 17%;"> </td> <td style="text-align: right; background-color: #ffffff; width: 2%;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="text-align: right; white-space: nowrap; background-color: #ffffff; width: 41%;">At December 31, 2021</td> <td style="text-align: right; white-space: nowrap; background-color: #ffffff; width: 2%;"> </td> <td style="text-align: right; white-space: nowrap; background-color: #ffffff; width: 17%;"> </td> <td style="white-space: nowrap; background-color: #ffffff; width: 2%; text-align: right;"> </td> <td style="text-align: right; white-space: nowrap; background-color: #ffffff; width: 17%;"> </td> <td style="text-align: right; white-space: nowrap; background-color: #ffffff; width: 2%;"> </td> <td style="text-align: right; white-space: nowrap; background-color: #ffffff; width: 17%;"> </td> <td style="text-align: right; white-space: nowrap; background-color: #ffffff; width: 2%;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="text-align: right; white-space: nowrap; background-color: #ffffff; width: 41%;"> </td> <td style="text-align: right; white-space: nowrap; background-color: #ffffff; width: 2%;"> </td> <td style="text-align: right; white-space: nowrap; background-color: #ffffff; width: 17%;"> </td> <td style="white-space: nowrap; background-color: #ffffff; width: 2%; text-align: right;"> </td> <td style="text-align: right; white-space: nowrap; background-color: #ffffff; width: 17%;"> </td> <td style="text-align: right; white-space: nowrap; background-color: #ffffff; width: 2%;"> </td> <td style="text-align: right; white-space: nowrap; background-color: #ffffff; width: 17%;"> </td> <td style="text-align: right; white-space: nowrap; background-color: #ffffff; width: 2%;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="text-align: right; white-space: nowrap; border-bottom: 1.5pt solid black; background-color: #ffffff; width: 41%;">Liabilities:</td> <td style="text-align: right; white-space: nowrap; border-bottom: 1.5pt solid black; background-color: #ffffff; width: 2%;"> </td> <td style="text-align: right; white-space: nowrap; border-bottom: 1.5pt solid black; background-color: #ffffff; width: 17%;">Level 1</td> <td style="white-space: nowrap; border-bottom: 1.5pt solid black; background-color: #ffffff; width: 2%; text-align: right;"> </td> <td style="text-align: right; white-space: nowrap; border-bottom: 1.5pt solid black; background-color: #ffffff; width: 17%;">Level 2</td> <td style="text-align: right; white-space: nowrap; border-bottom: 1.5pt solid black; background-color: #ffffff; width: 2%;"> </td> <td style="text-align: right; white-space: nowrap; border-bottom: 1.5pt solid black; background-color: #ffffff; width: 17%;">Level 3</td> <td style="text-align: right; white-space: nowrap; border-bottom: 1.5pt solid black; background-color: #ffffff; width: 2%;"> </td> </tr> <tr style="background-color: #e6efff;"> <td style="text-align: right; background-color: #e6efff; width: 41%;">Canadian dollar common share purchase warrants</td> <td style="text-align: right; background-color: #e6efff; width: 2%;"> </td> <td style="text-align: right; background-color: #e6efff; width: 17%;">-</td> <td style="text-align: right; background-color: #e6efff; width: 2%;"> $ </td> <td style="text-align: right; background-color: #e6efff; width: 17%;">0</td> <td style="text-align: right; background-color: #e6efff; width: 2%;"> </td> <td style="text-align: right; background-color: #e6efff; width: 17%;">-</td> <td style="text-align: right; background-color: #e6efff; width: 2%;"> </td> </tr> </table> </div> </div> </div> </div> </div> </div> </div> <div> <div> <div> <div> <div> <div> b) Risk Management Policies The Company is sensitive to changes in commodity prices and foreign-exchange. The Company's Board of Directors has overall responsibility for the establishment and oversight of the Company's risk management framework. Although the Company has the ability to address its price-related exposures through the use of options, futures and forward contracts, it does not generally enter into such arrangements. c) Foreign Currency Risk Foreign currency risk is the risk that a variation in exchange rates between the United States dollar and Canadian dollar or other foreign currencies will affect the Company's operations and financial results. A portion of the Company's transactions are denominated in Canadian dollars. The Company is also exposed to the impact of currency fluctuations on its monetary assets and liabilities. Significant foreign exchange gains or losses are reflected as a separate item in the consolidated statement of loss and comprehensive loss. The Company does not use derivative instruments to reduce its exposure to foreign currency risk. The following table indicates the impact of foreign currency exchange risk on net working capital as at December 31, 2022 and 2021. The table below provides a sensitivity analysis of a 10 percent strengthening of the US dollar against the Canadian dollar which would have increased (decreased) the Company's net loss by the amounts shown in the table below. A 10 percent weakening of the US dollar against the Canadian dollar would have had the equal but opposite effect as at December 31, 2022 and 2021. <div> </div> </div> </div> </div> </div> </div> </div> <div> <div> <div> <div> <div> <div style="margin-left: 36pt; margin-bottom: 14px;"> <div> <div> <div> <div> <table border="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="vertical-align: bottom;"> </td> <td style="text-align: center; vertical-align: bottom;"> </td> <td style="text-align: center; vertical-align: bottom; white-space: nowrap;">December 31, 2022</td> <td style="text-align: center; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; vertical-align: bottom; white-space: nowrap;">December 31, 2021</td> <td style="text-align: center; vertical-align: bottom;"> </td> </tr> <tr> <td style="vertical-align: bottom;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;">Canadian dollar</td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;">Canadian dollar</td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;">Cash and cash equivalents</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">18,867</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">167,659</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;">Advances receivable and prepaids</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">373,964</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">321,295</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;">Accounts payable and accrued liabilities</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">(601,665</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;">)</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">(638,137</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;">)</td> </tr> <tr> <td style="vertical-align: bottom;">Due from related parties</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">810,109</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">176,309</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;">Due to related parties</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">(16,729</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;">)</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">(87,341</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;">)</td> </tr> <tr> <td style="vertical-align: bottom;">Employee retention allowance</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">(234,471</td> <td style="vertical-align: bottom; width: 2%; text-align: left;">)</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">(234,471</td> <td style="vertical-align: bottom; width: 2%; text-align: left;">)</td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;">Loans</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">36,344</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">(34,993</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;">)</td> </tr> <tr> <td style="vertical-align: bottom;">Total foreign currency financial assets and liabilities</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">386,419</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">(329,678</td> <td style="vertical-align: bottom; width: 2%; text-align: left;">)</td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;">Foreign exchange closing rate</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">0.7383</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">0.7888</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;">Total foreign currency financial assets and liabilities in US $</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 17%; text-align: right;">285,293</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 17%; text-align: right;">(260,050</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;">)</td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;">Impact of a 10% strengthening of the US $ on net loss</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 17%; text-align: right;">28,529</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 17%; text-align: right;">(26,005</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;">)</td> </tr> </table> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> <div> <div> <div> <div> <div> d) Credit Risk </div> </div> </div> </div> </div> <div> <div> <div> <div> <div> <div> <div> Financial instruments which are potentially subject to credit risk for the Company consist primarily of cash and cash equivalents and advances receivable and prepaid expenses. Cash and cash equivalents are maintained with several financial institutions of reputable credit and may be redeemed upon demand. It is therefore the Company's opinion that such credit risk is subject to normal industry risks and is considered minimal. The credit risk of advances receivable is, in management opinion, normal given ongoing relationships with those debtors. The Company limits its exposure to credit risk on any investments by investing only in securities rated R1 (the highest rating) by credit rating agencies such as the DBRS (Dominion Bond Rating Service). Management continuously monitors the fair value of any investments to determine potential credit exposures. Short-term excess cash is invested in R1 rated investments including money market funds and other highly rated short-term investment instruments. Any credit risk exposure on cash balances is considered negligible as the Company places deposits only with major established banks in the countries in which it carries on operations. The carrying amount of financial assets represents the maximum credit exposure. The Company's gross credit exposure at December 31, 2022 and December 31, 2021 was as follows: </div> </div> </div> </div> <div> <div> <div> <div style="margin-left: 36pt;"> <div> <div> <div> <div> <table border="0" cellspacing="0" style="width: 80%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="vertical-align: bottom;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;">December 31, 2022</td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;">December 31, 2021</td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;">Cash and cash equivalents</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">182,175</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">154,154</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;">Advances receivable and prepaid expenses</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;">$</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 17%; text-align: right;">360,176</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;">$</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 17%; text-align: right;">345,193</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;"> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">542,351</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">499,347</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> </table> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> <div> <div> <div> <div> e) Liquidity Risk Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they become due. The Company attempts to ensure that there is sufficient cash to meet its liabilities when they are due and manages this risk by regularly evaluating its liquid financial resources to fund current and long-term obligations and to meet its capital commitments in a cost-effective manner. Temporary surplus funds of the Company are invested in short-term investments. The Company arranges the portfolio so that securities mature approximately when funds are needed. The key to success in managing liquidity is the degree of certainty in the cash flow projections. If future cash flows are fairly uncertain, the liquidity risk increases. The Company's liquidity requirements are met through a variety of sources, including cash and cash equivalents and equity capital markets. All financial obligations of the Company including accounts payable of $494,591 accrued liabilities of $682,720, due to related parties of $10,933, employee retention allowance of $173,110 and short term loans of $308,899 are due within one year. <div> </div> f) Mineral Property Risk The Company's operations in the Congo are exposed to various levels of political risk and uncertainties, including political and economic instability, government regulations relating to exploration and mining, military repression and civil disorder, all or any of which may have a material adverse impact on the Company's activities or may result in impairment in or loss of part or all of the Company's assets. g) Capital Management The Company manages its common shares, warrants and stock options as capital. The Company's policy is to maintain sufficient capital base in order to meet its short term obligations and at the same time preserve investors' confidence required to sustain future development of the business. </div> </div> </div> </div> </div> <div> <div> <div> <div> <div> <div> <div style="margin-left: 36pt;"> <div> <div> <table border="0" cellspacing="0" style="width: 80%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="vertical-align: bottom;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;">December 31, 2022</td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;">December 31, 2021</td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;">Share capital</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">98,916,239</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">94,480,512</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;">Reserves</td> <td style="vertical-align: bottom; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; width: 17%; text-align: right;">12,137,446</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; width: 17%; text-align: right;">10,787,553</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;">Deficit</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">(69,861,983</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;">)</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">(66,933,241</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;">)</td> </tr> <tr> <td style="vertical-align: bottom;"> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;">$</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 17%; text-align: right;">41,191,702</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;">$</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 17%; text-align: right;">38,334,824</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> </table> </div> </div> </div> </div> </div> </div> <div> <div> <div> <div> The Company's capital management objectives, policies and processes have remained unchanged during the years ended December 31, 2022 and December 31, 2021. The Company is not subject to any capital requirements imposed by a lending institution or regulatory body, other than the Toronto Stock Exchange ("TSX") which requires adequate working capital or financial resources such that, in the opinion of TSX, the listed issuer will be able to continue as a going concern. TSX will consider, among other things, the listed issuer's ability to meet its obligations as they come due, as well as its working capital position, quick asset position, total assets, capitalization, cash flow and earnings as well as accountants' or auditors' disclosures in the consolidated financial statements regarding the listed issuer's ability to continue as a going concern. </div> </div> </div> </div> </div> </div> </div> </div>

<div> <div> <div style="margin-left: 34.5pt;"> <table border="0" cellspacing="0" style="width: 80%;"> <tr> <td style="text-align: right; white-space: nowrap; width: 41%;">At December 31, 2022</td> <td style="text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="text-align: right; white-space: nowrap; width: 17%;"> </td> <td style="text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="text-align: right; white-space: nowrap; width: 17%;"> </td> <td style="text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="text-align: right; white-space: nowrap; width: 17%;"> </td> <td style="text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="text-align: right; white-space: nowrap; width: 41%;"> </td> <td style="text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="text-align: right; white-space: nowrap; width: 17%;"> </td> <td style="text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="text-align: right; white-space: nowrap; width: 17%;"> </td> <td style="text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="text-align: right; white-space: nowrap; width: 17%;"> </td> <td style="text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="text-align: right; white-space: nowrap; border-bottom: 1.5pt solid black; width: 41%;">Liabilities:</td> <td style="text-align: right; white-space: nowrap; border-bottom: 1.5pt solid black; width: 2%;"> </td> <td style="text-align: right; white-space: nowrap; border-bottom: 1.5pt solid black; width: 17%;">Level 1</td> <td style="text-align: right; white-space: nowrap; border-bottom: 1.5pt solid black; width: 2%;"> </td> <td style="text-align: right; white-space: nowrap; border-bottom: 1.5pt solid black; width: 17%;">Level 2</td> <td style="text-align: right; white-space: nowrap; border-bottom: 1.5pt solid black; width: 2%;"> </td> <td style="text-align: right; white-space: nowrap; border-bottom: 1.5pt solid black; width: 17%;">Level 3</td> <td style="text-align: right; white-space: nowrap; border-bottom: 1.5pt solid black; width: 2%;"> </td> </tr> <tr style="background-color: #e6efff;"> <td style="text-align: right; background-color: #e6efff; width: 41%;">Canadian dollar common share purchase warrants</td> <td style="text-align: right; background-color: #e6efff; width: 2%;"> </td> <td style="text-align: right; background-color: #e6efff; width: 17%;">-</td> <td style="text-align: right; background-color: #e6efff; width: 2%;"> $ </td> <td style="text-align: right; background-color: #e6efff; width: 17%;">0</td> <td style="text-align: right; background-color: #e6efff; width: 2%;"> </td> <td style="text-align: right; background-color: #e6efff; width: 17%;">-</td> <td style="text-align: right; background-color: #e6efff; width: 2%;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="text-align: right; background-color: #ffffff; width: 41%;"> </td> <td style="text-align: right; background-color: #ffffff; width: 2%;"> </td> <td style="text-align: right; background-color: #ffffff; width: 17%;"> </td> <td style="background-color: #ffffff; width: 2%; text-align: right;"> </td> <td style="text-align: right; background-color: #ffffff; width: 17%;"> </td> <td style="text-align: right; background-color: #ffffff; width: 2%;"> </td> <td style="text-align: right; background-color: #ffffff; width: 17%;"> </td> <td style="text-align: right; background-color: #ffffff; width: 2%;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="text-align: right; white-space: nowrap; background-color: #ffffff; width: 41%;">At December 31, 2021</td> <td style="text-align: right; white-space: nowrap; background-color: #ffffff; width: 2%;"> </td> <td style="text-align: right; white-space: nowrap; background-color: #ffffff; width: 17%;"> </td> <td style="white-space: nowrap; background-color: #ffffff; width: 2%; text-align: right;"> </td> <td style="text-align: right; white-space: nowrap; background-color: #ffffff; width: 17%;"> </td> <td style="text-align: right; white-space: nowrap; background-color: #ffffff; width: 2%;"> </td> <td style="text-align: right; white-space: nowrap; background-color: #ffffff; width: 17%;"> </td> <td style="text-align: right; white-space: nowrap; background-color: #ffffff; width: 2%;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="text-align: right; white-space: nowrap; background-color: #ffffff; width: 41%;"> </td> <td style="text-align: right; white-space: nowrap; background-color: #ffffff; width: 2%;"> </td> <td style="text-align: right; white-space: nowrap; background-color: #ffffff; width: 17%;"> </td> <td style="white-space: nowrap; background-color: #ffffff; width: 2%; text-align: right;"> </td> <td style="text-align: right; white-space: nowrap; background-color: #ffffff; width: 17%;"> </td> <td style="text-align: right; white-space: nowrap; background-color: #ffffff; width: 2%;"> </td> <td style="text-align: right; white-space: nowrap; background-color: #ffffff; width: 17%;"> </td> <td style="text-align: right; white-space: nowrap; background-color: #ffffff; width: 2%;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="text-align: right; white-space: nowrap; border-bottom: 1.5pt solid black; background-color: #ffffff; width: 41%;">Liabilities:</td> <td style="text-align: right; white-space: nowrap; border-bottom: 1.5pt solid black; background-color: #ffffff; width: 2%;"> </td> <td style="text-align: right; white-space: nowrap; border-bottom: 1.5pt solid black; background-color: #ffffff; width: 17%;">Level 1</td> <td style="white-space: nowrap; border-bottom: 1.5pt solid black; background-color: #ffffff; width: 2%; text-align: right;"> </td> <td style="text-align: right; white-space: nowrap; border-bottom: 1.5pt solid black; background-color: #ffffff; width: 17%;">Level 2</td> <td style="text-align: right; white-space: nowrap; border-bottom: 1.5pt solid black; background-color: #ffffff; width: 2%;"> </td> <td style="text-align: right; white-space: nowrap; border-bottom: 1.5pt solid black; background-color: #ffffff; width: 17%;">Level 3</td> <td style="text-align: right; white-space: nowrap; border-bottom: 1.5pt solid black; background-color: #ffffff; width: 2%;"> </td> </tr> <tr style="background-color: #e6efff;"> <td style="text-align: right; background-color: #e6efff; width: 41%;">Canadian dollar common share purchase warrants</td> <td style="text-align: right; background-color: #e6efff; width: 2%;"> </td> <td style="text-align: right; background-color: #e6efff; width: 17%;">-</td> <td style="text-align: right; background-color: #e6efff; width: 2%;"> $ </td> <td style="text-align: right; background-color: #e6efff; width: 17%;">0</td> <td style="text-align: right; background-color: #e6efff; width: 2%;"> </td> <td style="text-align: right; background-color: #e6efff; width: 17%;">-</td> <td style="text-align: right; background-color: #e6efff; width: 2%;"> </td> </tr> </table> </div> </div> </div>

0 0 0 0 0 0 <div> <div> <div> <div> <div> <div style="margin-left: 36pt; margin-bottom: 14px;"> <div> <div> <div> <div> <table border="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="vertical-align: bottom;"> </td> <td style="text-align: center; vertical-align: bottom;"> </td> <td style="text-align: center; vertical-align: bottom; white-space: nowrap;">December 31, 2022</td> <td style="text-align: center; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; vertical-align: bottom; white-space: nowrap;">December 31, 2021</td> <td style="text-align: center; vertical-align: bottom;"> </td> </tr> <tr> <td style="vertical-align: bottom;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;">Canadian dollar</td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;">Canadian dollar</td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;">Cash and cash equivalents</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">18,867</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">167,659</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;">Advances receivable and prepaids</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">373,964</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">321,295</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;">Accounts payable and accrued liabilities</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">(601,665</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;">)</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">(638,137</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;">)</td> </tr> <tr> <td style="vertical-align: bottom;">Due from related parties</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">810,109</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">176,309</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;">Due to related parties</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">(16,729</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;">)</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">(87,341</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;">)</td> </tr> <tr> <td style="vertical-align: bottom;">Employee retention allowance</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">(234,471</td> <td style="vertical-align: bottom; width: 2%; text-align: left;">)</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">(234,471</td> <td style="vertical-align: bottom; width: 2%; text-align: left;">)</td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;">Loans</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">36,344</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">(34,993</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;">)</td> </tr> <tr> <td style="vertical-align: bottom;">Total foreign currency financial assets and liabilities</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">386,419</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right;">(329,678</td> <td style="vertical-align: bottom; width: 2%; text-align: left;">)</td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;">Foreign exchange closing rate</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">0.7383</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">0.7888</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;">Total foreign currency financial assets and liabilities in US $</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 17%; text-align: right;">285,293</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 17%; text-align: right;">(260,050</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;">)</td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;">Impact of a 10% strengthening of the US $ on net loss</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 17%; text-align: right;">28,529</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 17%; text-align: right;">(26,005</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;">)</td> </tr> </table> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div>

18867

167659

373964

321295

601665

638137

810109

176309

16729

87341

234471

-36344

34993

386419

-329678

0.7383

0.7888

285293

-260050

-28529

26005

<div> <div> <div> <div style="margin-left: 36pt;"> <div> <div> <div> <div> <table border="0" cellspacing="0" style="width: 80%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="vertical-align: bottom;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;">December 31, 2022</td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;">December 31, 2021</td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;">Cash and cash equivalents</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">182,175</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">154,154</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;">Advances receivable and prepaid expenses</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;">$</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 17%; text-align: right;">360,176</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;">$</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 17%; text-align: right;">345,193</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;"> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">542,351</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">499,347</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> </table> </div> </div> </div> </div> </div> </div> </div> </div>

182175

154154

360176

345193

542351

499347

494591

682720

10933

173110

308899

<div> <div> <div> <div style="margin-left: 36pt;"> <div> <div> <table border="0" cellspacing="0" style="width: 80%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="vertical-align: bottom;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;">December 31, 2022</td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;">December 31, 2021</td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;">Share capital</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">98,916,239</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">94,480,512</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;">Reserves</td> <td style="vertical-align: bottom; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; width: 17%; text-align: right;">12,137,446</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; width: 17%; text-align: right;">10,787,553</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;">Deficit</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">(69,861,983</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;">)</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 17%; text-align: right; background-color: #e6efff;">(66,933,241</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;">)</td> </tr> <tr> <td style="vertical-align: bottom;"> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;">$</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 17%; text-align: right;">41,191,702</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;">$</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 17%; text-align: right;">38,334,824</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> </table> </div> </div> </div> </div> </div> </div>

98916239

94480512

12137446

10787553

-69861983

-66933241

41191702 38334824

<div> <div> 17. Supplemental cash flow information <div> <div> <div> During the periods indicated the Company undertook the following significant non-cash transactions <div style="margin-left: 36pt;"> <table border="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000;"> </td> <td style="vertical-align: bottom; width: 10%; white-space: nowrap; border-bottom: 0.75pt solid #000000;"> </td> <td colspan="1" style="text-align: center; vertical-align: bottom; white-space: nowrap; border-bottom: 0.75pt solid #000000;"> </td> <td colspan="7" style="text-align: center; vertical-align: bottom; white-space: nowrap; border-bottom: 0.75pt solid #000000;">For the year ended</td> <td colspan="1" style="text-align: center; vertical-align: bottom; border-bottom: 0.75pt solid #000000;"> </td> </tr> <tr> <td style="vertical-align: bottom;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 10%; white-space: nowrap;">Note</td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;">December 31, 2022</td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;">December 31, 2021</td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;">December 31, 2020</td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom;"> </td> </tr> <tr> <td style="vertical-align: bottom;"> </td> <td style="text-align: center; vertical-align: bottom; width: 10%;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;">Depreciation included in exploration and evaluation assets</td> <td style="text-align: center; vertical-align: bottom; background-color: #e6efff; width: 10%;">8</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 15%; text-align: right; background-color: #e6efff;">42,093</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 15%; text-align: right; background-color: #e6efff;">28,445</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 15%; text-align: right; background-color: #e6efff;">16,771</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;">Exploration and evaluation expenditures paid by Barrick</td> <td style="text-align: center; vertical-align: bottom; width: 10%;">9</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right;">235,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right;">1,975,162</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right;">4,267,816</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;">Fees paid by common shares, stock options or warrants</td> <td style="text-align: center; vertical-align: bottom; background-color: #e6efff; width: 10%;">13</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right; background-color: #e6efff;">231,095</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right; background-color: #e6efff;">278,866</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right; background-color: #e6efff;">264,119</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> </table> </div> </div> </div> </div> </div> </div>

<table border="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000;"> </td> <td style="vertical-align: bottom; width: 10%; white-space: nowrap; border-bottom: 0.75pt solid #000000;"> </td> <td colspan="1" style="text-align: center; vertical-align: bottom; white-space: nowrap; border-bottom: 0.75pt solid #000000;"> </td> <td colspan="7" style="text-align: center; vertical-align: bottom; white-space: nowrap; border-bottom: 0.75pt solid #000000;">For the year ended</td> <td colspan="1" style="text-align: center; vertical-align: bottom; border-bottom: 0.75pt solid #000000;"> </td> </tr> <tr> <td style="vertical-align: bottom;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 10%; white-space: nowrap;">Note</td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;">December 31, 2022</td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;">December 31, 2021</td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap;">December 31, 2020</td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom;"> </td> </tr> <tr> <td style="vertical-align: bottom;"> </td> <td style="text-align: center; vertical-align: bottom; width: 10%;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;">Depreciation included in exploration and evaluation assets</td> <td style="text-align: center; vertical-align: bottom; background-color: #e6efff; width: 10%;">8</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 15%; text-align: right; background-color: #e6efff;">42,093</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 15%; text-align: right; background-color: #e6efff;">28,445</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 15%; text-align: right; background-color: #e6efff;">16,771</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;">Exploration and evaluation expenditures paid by Barrick</td> <td style="text-align: center; vertical-align: bottom; width: 10%;">9</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right;">235,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right;">1,975,162</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right;">4,267,816</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;">Fees paid by common shares, stock options or warrants</td> <td style="text-align: center; vertical-align: bottom; background-color: #e6efff; width: 10%;">13</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right; background-color: #e6efff;">231,095</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right; background-color: #e6efff;">278,866</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right; background-color: #e6efff;">264,119</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> </table> 42093 28445 16771 235000 1975162 4267816 231095 278866 264119

<div> 18. Employee retention allowance <div> <div> <div> The following table summarizes information about changes to the Company's employee retention provision during the years ended December 31, 2022 and 2021. <div style="margin-left: 36pt;"> <div> <table border="0" cellspacing="0" style="width: 60%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="vertical-align: bottom;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom;">$</td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;">Balance at December 31, 2020</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 22%; text-align: right; background-color: #e6efff;">184,159</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;">Foreign exchange adjustment</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 22%; text-align: right;">792</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;">Balance at December 31, 2021</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 22%; text-align: right; background-color: #e6efff;">184,951</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;">Foreign exchange adjustment</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 22%; text-align: right;">(11,841</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;">)</td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;">Balance at December 31, 2022</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 22%; text-align: right; background-color: #e6efff;">173,110</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> </table> </div> </div> </div> </div> </div> </div>

<div> <table border="0" cellspacing="0" style="width: 60%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="vertical-align: bottom;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom;"> </td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom;">$</td> <td style="text-align: center; border-bottom: 0.75pt solid #000000; vertical-align: bottom;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;">Balance at December 31, 2020</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 22%; text-align: right; background-color: #e6efff;">184,159</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;">Foreign exchange adjustment</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 22%; text-align: right;">792</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;">Balance at December 31, 2021</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 22%; text-align: right; background-color: #e6efff;">184,951</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;">Foreign exchange adjustment</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 22%; text-align: right;">(11,841</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;">)</td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;">Balance at December 31, 2022</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 22%; text-align: right; background-color: #e6efff;">173,110</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> </table> </div>

184159

792

184951

-11841

173110

<div> 19. Income taxes a) Provision for Income Taxes Major items causing the Company's effective tax rate to differ from the combined Canadian federal and provincial statutory rate of 26.5% (2021 and 2020 - 26.5%, respectively) were as follows: <div> <div style="margin-left: 36pt;"> <table border="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="vertical-align: bottom;"> </td> <td colspan="1" style="text-align: center; vertical-align: bottom;"> </td> <td colspan="7" style="text-align: center; vertical-align: bottom; white-space: nowrap;">Years Ended December 31,</td> <td colspan="1" style="text-align: center; vertical-align: bottom;"> </td> </tr> <tr> <td style="vertical-align: bottom;"> </td> <td style="text-align: center; border-bottom: 1.5pt solid #000000; vertical-align: bottom;"> </td> <td style="text-align: center; border-bottom: 1.5pt solid #000000; vertical-align: bottom; white-space: nowrap;">2022</td> <td style="text-align: center; border-bottom: 1.5pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 1.5pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 1.5pt solid #000000; vertical-align: bottom; white-space: nowrap;">2021</td> <td style="text-align: center; border-bottom: 1.5pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 1.5pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 1.5pt solid #000000; vertical-align: bottom; white-space: nowrap;">2020</td> <td style="text-align: center; border-bottom: 1.5pt solid #000000; vertical-align: bottom;"> </td> </tr> <tr> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> </tr> <tr> <td colspan="1" style="vertical-align: bottom; background-color: #e6efff;">Net loss for the year</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 15%; text-align: right; background-color: #e6efff;">(2,928,742</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;">)</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 15%; text-align: right; background-color: #e6efff;">(3,723,784</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;">)</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 15%; text-align: right; background-color: #e6efff;">(2,243,560</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;">)</td> </tr> <tr> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td colspan="1" style="vertical-align: bottom; background-color: #e6efff;">Expected income tax recovery based on statutory rate</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right; background-color: #e6efff;">(776,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;">)</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right; background-color: #e6efff;">(987,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;">)</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right; background-color: #e6efff;">(595,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;">)</td> </tr> <tr> <td colspan="1" style="vertical-align: bottom;">Adjustment to expected income tax benefit</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td colspan="1" style="vertical-align: bottom; background-color: #e6efff;">Permanent differences</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right; background-color: #e6efff;">145,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right; background-color: #e6efff;">342,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right; background-color: #e6efff;">100,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;">Other</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right;">(32,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left;">)</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right;">2,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right;">(7,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left;">)</td> </tr> <tr> <td colspan="1" style="vertical-align: bottom; background-color: #e6efff;">Change in unrecognized deferred tax asset</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 15%; text-align: right; background-color: #e6efff;">663,000</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 15%; text-align: right; background-color: #e6efff;">643,000</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 15%; text-align: right; background-color: #e6efff;">502,000</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td colspan="1" style="vertical-align: bottom;">Income tax provision (recovery)</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;">$</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 15%; text-align: right;">-</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;">$</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 15%; text-align: right;">-</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;">$</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 15%; text-align: right;">-</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> </table> </div> </div> b) Deferred Income Taxes Deferred income taxes assets have not been recognized in respect to the following deductible temporary differences: <div> <div> <div style="margin-left: 36pt;"> <table border="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="vertical-align: bottom;"> </td> <td colspan="1" style="text-align: center; vertical-align: bottom;"> </td> <td colspan="7" style="text-align: center; vertical-align: bottom; white-space: nowrap;">Years Ended December 31,</td> <td colspan="1" style="text-align: center; vertical-align: bottom;"> </td> </tr> <tr> <td style="vertical-align: bottom;"> </td> <td style="text-align: center; border-bottom: 1.5pt solid #000000; vertical-align: bottom;"> </td> <td style="text-align: center; border-bottom: 1.5pt solid #000000; vertical-align: bottom; white-space: nowrap;">2022</td> <td style="text-align: center; border-bottom: 1.5pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 1.5pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 1.5pt solid #000000; vertical-align: bottom; white-space: nowrap;">2021</td> <td style="text-align: center; border-bottom: 1.5pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 1.5pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 1.5pt solid #000000; vertical-align: bottom; white-space: nowrap;">2020</td> <td style="text-align: center; border-bottom: 1.5pt solid #000000; vertical-align: bottom;"> </td> </tr> <tr> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> </tr> <tr> <td colspan="1" style="vertical-align: bottom; background-color: #e6efff;">Non-capital losses carried forward</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 15%; text-align: right; background-color: #e6efff;">20,707,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 15%; text-align: right; background-color: #e6efff;">18,340,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 15%; text-align: right; background-color: #e6efff;">16,251,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td colspan="1" style="vertical-align: bottom;">Fixed assets - Canada</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right;">209,842</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; width: 15%; text-align: right;">217,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right;">212,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td colspan="1" style="vertical-align: bottom; background-color: #e6efff;">Other - Canada</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right; background-color: #e6efff;">383,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 15%; text-align: right; background-color: #e6efff;">256,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right; background-color: #e6efff;">245,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td colspan="1" style="vertical-align: bottom;">Capital loss carry-forward - Canada</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right;">3,877,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; width: 15%; text-align: right;">4,143,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right;">4,125,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td colspan="1" style="vertical-align: bottom; background-color: #e6efff;">Lease - Canada</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 15%; text-align: right; background-color: #e6efff;">(28,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;">)</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right; background-color: #e6efff;">(8,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;">)</td> </tr> <tr> <td colspan="1" style="vertical-align: bottom;">Exploration and evaluation properties - Congo</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 15%; text-align: right;">53,770,259</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 15%; text-align: right;">51,393,000</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 15%; text-align: right;">42,364,000</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;">Total</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 15%; text-align: right; background-color: #e6efff;">78,947,101</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 15%; text-align: right; background-color: #e6efff;">74,321,000</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 15%; text-align: right; background-color: #e6efff;">63,189,000</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> </table> </div> </div> </div> <div> </div> Non-capital losses in Canada expire in the following years: <div> <div style="margin-left: 36pt; margin-bottom: 10pt;"> <table border="0" cellspacing="0" style="width: 30%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="text-align: center; vertical-align: bottom; background-color: #e6efff;">2026</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 32%; text-align: right; background-color: #e6efff;">261,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="text-align: center; vertical-align: bottom;">2027</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 32%; text-align: right;">135,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="text-align: center; vertical-align: bottom; background-color: #e6efff;">2028</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 32%; text-align: right; background-color: #e6efff;">196,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="text-align: center; vertical-align: bottom;">2029</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 32%; text-align: right;">674,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="text-align: center; vertical-align: bottom; background-color: #e6efff;">2030</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 32%; text-align: right; background-color: #e6efff;">1,520,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="text-align: center; vertical-align: bottom;">2031</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 32%; text-align: right;">2,593,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="text-align: center; vertical-align: bottom; background-color: #e6efff;">2032</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 32%; text-align: right; background-color: #e6efff;">2,187,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="text-align: center; vertical-align: bottom;">2033</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 32%; text-align: right;">1,946,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="text-align: center; vertical-align: bottom; background-color: #e6efff;">2034</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 32%; text-align: right; background-color: #e6efff;">870,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="text-align: center; vertical-align: bottom;">2035</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 32%; text-align: right;">560,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="text-align: center; vertical-align: bottom; background-color: #e6efff;">2036</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 32%; text-align: right; background-color: #e6efff;">612,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="text-align: center; vertical-align: bottom;">2037</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 32%; text-align: right;">541,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="text-align: center; vertical-align: bottom; background-color: #e6efff;">2038</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 32%; text-align: right; background-color: #e6efff;">675,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="text-align: center; vertical-align: bottom;">2039</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 32%; text-align: right;">1,032,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="text-align: center; vertical-align: bottom; background-color: #e6efff;">2040</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 32%; text-align: right; background-color: #e6efff;">2,449,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="text-align: center; vertical-align: bottom;">2041</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 32%; text-align: right;">2,089,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="text-align: center; vertical-align: bottom; background-color: #e6efff;">2042</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 32%; text-align: right; background-color: #e6efff;">2,367,000</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="text-align: center; vertical-align: bottom;"> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;">$</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 32%; text-align: right;">20,707,000</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> </table> </div> </div> </div>

0.265

<div> <div style="margin-left: 36pt;"> <table border="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="vertical-align: bottom;"> </td> <td colspan="1" style="text-align: center; vertical-align: bottom;"> </td> <td colspan="7" style="text-align: center; vertical-align: bottom; white-space: nowrap;">Years Ended December 31,</td> <td colspan="1" style="text-align: center; vertical-align: bottom;"> </td> </tr> <tr> <td style="vertical-align: bottom;"> </td> <td style="text-align: center; border-bottom: 1.5pt solid #000000; vertical-align: bottom;"> </td> <td style="text-align: center; border-bottom: 1.5pt solid #000000; vertical-align: bottom; white-space: nowrap;">2022</td> <td style="text-align: center; border-bottom: 1.5pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 1.5pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 1.5pt solid #000000; vertical-align: bottom; white-space: nowrap;">2021</td> <td style="text-align: center; border-bottom: 1.5pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 1.5pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 1.5pt solid #000000; vertical-align: bottom; white-space: nowrap;">2020</td> <td style="text-align: center; border-bottom: 1.5pt solid #000000; vertical-align: bottom;"> </td> </tr> <tr> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> </tr> <tr> <td colspan="1" style="vertical-align: bottom; background-color: #e6efff;">Net loss for the year</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 15%; text-align: right; background-color: #e6efff;">(2,928,742</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;">)</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 15%; text-align: right; background-color: #e6efff;">(3,723,784</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;">)</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 15%; text-align: right; background-color: #e6efff;">(2,243,560</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;">)</td> </tr> <tr> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td colspan="1" style="vertical-align: bottom; background-color: #e6efff;">Expected income tax recovery based on statutory rate</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right; background-color: #e6efff;">(776,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;">)</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right; background-color: #e6efff;">(987,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;">)</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right; background-color: #e6efff;">(595,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;">)</td> </tr> <tr> <td colspan="1" style="vertical-align: bottom;">Adjustment to expected income tax benefit</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right;"> </td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td colspan="1" style="vertical-align: bottom; background-color: #e6efff;">Permanent differences</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right; background-color: #e6efff;">145,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right; background-color: #e6efff;">342,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right; background-color: #e6efff;">100,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td style="vertical-align: bottom;">Other</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right;">(32,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left;">)</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right;">2,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right;">(7,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left;">)</td> </tr> <tr> <td colspan="1" style="vertical-align: bottom; background-color: #e6efff;">Change in unrecognized deferred tax asset</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 15%; text-align: right; background-color: #e6efff;">663,000</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 15%; text-align: right; background-color: #e6efff;">643,000</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 15%; text-align: right; background-color: #e6efff;">502,000</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td colspan="1" style="vertical-align: bottom;">Income tax provision (recovery)</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;">$</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 15%; text-align: right;">-</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;">$</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 15%; text-align: right;">-</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;">$</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 15%; text-align: right;">-</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> </table> </div> </div>

-2928742

-3723784

-2243560

-776000

-987000

-595000

145000

342000

100000

-32000

2000

-7000

663000 643000 502000

<div> <div style="margin-left: 36pt;"> <table border="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="vertical-align: bottom;"> </td> <td colspan="1" style="text-align: center; vertical-align: bottom;"> </td> <td colspan="7" style="text-align: center; vertical-align: bottom; white-space: nowrap;">Years Ended December 31,</td> <td colspan="1" style="text-align: center; vertical-align: bottom;"> </td> </tr> <tr> <td style="vertical-align: bottom;"> </td> <td style="text-align: center; border-bottom: 1.5pt solid #000000; vertical-align: bottom;"> </td> <td style="text-align: center; border-bottom: 1.5pt solid #000000; vertical-align: bottom; white-space: nowrap;">2022</td> <td style="text-align: center; border-bottom: 1.5pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 1.5pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 1.5pt solid #000000; vertical-align: bottom; white-space: nowrap;">2021</td> <td style="text-align: center; border-bottom: 1.5pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 1.5pt solid #000000; vertical-align: bottom; white-space: nowrap;"> </td> <td style="text-align: center; border-bottom: 1.5pt solid #000000; vertical-align: bottom; white-space: nowrap;">2020</td> <td style="text-align: center; border-bottom: 1.5pt solid #000000; vertical-align: bottom;"> </td> </tr> <tr> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom;"> </td> </tr> <tr> <td colspan="1" style="vertical-align: bottom; background-color: #e6efff;">Non-capital losses carried forward</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 15%; text-align: right; background-color: #e6efff;">20,707,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 15%; text-align: right; background-color: #e6efff;">18,340,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 15%; text-align: right; background-color: #e6efff;">16,251,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td colspan="1" style="vertical-align: bottom;">Fixed assets - Canada</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right;">209,842</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; width: 15%; text-align: right;">217,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right;">212,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td colspan="1" style="vertical-align: bottom; background-color: #e6efff;">Other - Canada</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right; background-color: #e6efff;">383,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 15%; text-align: right; background-color: #e6efff;">256,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right; background-color: #e6efff;">245,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> <tr> <td colspan="1" style="vertical-align: bottom;">Capital loss carry-forward - Canada</td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right;">3,877,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; width: 15%; text-align: right;">4,143,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right;">4,125,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td colspan="1" style="vertical-align: bottom; background-color: #e6efff;">Lease - Canada</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right; background-color: #e6efff;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="vertical-align: bottom; width: 15%; text-align: right; background-color: #e6efff;">(28,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;">)</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right; background-color: #e6efff;">(8,000</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;">)</td> </tr> <tr> <td colspan="1" style="vertical-align: bottom;">Exploration and evaluation properties - Congo</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 15%; text-align: right;">53,770,259</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 15%; text-align: right;">51,393,000</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; text-align: left;"> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 15%; text-align: right;">42,364,000</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff;">Total</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 15%; text-align: right; background-color: #e6efff;">78,947,101</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 15%; text-align: right; background-color: #e6efff;">74,321,000</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;">$</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 15%; text-align: right; background-color: #e6efff;">63,189,000</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> </tr> </table> </div> </div>

20707000

18340000

16251000

209842

217000

212000

383000

256000

245000

3877000

4143000

4125000

-28000

-8000

53770259

51393000

42364000

78947101

74321000

63189000

261000

135000

196000

674000

1520000

2593000

2187000

1946000

870000

560000

612000

541000

675000

1032000

2449000

2089000

2367000

20707000

4000000 0.4 1600000 0.6 P24M