EQUITY (Tables)

12 Months Ended

Feb. 28, 2022

EQUITY

Summary of Stock Option Activity

				Weighted Average
	Number of Options			Exercise Price Per Share
Outstanding at February 28, 2020		-		$	-
Granted		3,035,000			0.50
Exercised		-			-
Forfeited and expired		(2,250,000	)		0.50
Outstanding at February 28, 2021		785,000			0.50
Granted		2,755,000			0.54
Exercised		-			-
Forfeited and expired		(1,960,000	)		0.50
Outstanding at February 28, 2022		1,580,000		$	0.57

Summary of Warrant Activity

			Weighted Average
	Number of Warrants		Exercise Price Per Share
Outstanding at February 28, 2021		-	$	-
Granted		1,400,000		0.50
Exercised		-		-
Forfeited and expired		-
Outstanding at February 28, 2022		1,400,000	$	0.50

Summary of Warrants Measured

	2022			2021
Expected life (years)	3-5			5-10
Volatility (1)	79.33 - 108.26		%	118.89 - 120.59		%
Dividend yield		0	%		0	%
Risk free interest rate	0.47 - 1.18		%	0.36 - 0.59		%