Lightspeed Discoveries Inc. a non-brokered private placement of up to 30 million units at CAD 0.05 per unit for gross proceeds of CAD 1.5 million on August 15, 2022. Each unit consisting of a post-consolidation common share and a share purchase warrant, and each warrant will be exercisable at CAD 0.06 into an additional post-consolidation common share for a term of one year. The private placement will be subject to NEX Policy 5 and TSXV Exchange approval.

A finder's fee may be payable in connection with the private placement, subject to Exchange policies.