CONTRIBUTED SURPLUS

6 Months Ended

Jun. 30, 2026

15. CONTRIBUTED SURPLUS

The Company has a stock option plan for its employees, officers, directors and consultants for up to 10% of the issued and outstanding shares at the grant date.

The following is a summary of the activity of contributed surplus:

	2026-06-30		2025-12-31
		$		$
Opening balance		7,559,538		6,731,440
Warrants expired		—		674,600
Warrants cancelled		—		153,498
Closing balance		7,559,538		7,559,538

Schedule of option surplus activity

	Six months ended June 30, 2026
				Weighted
	Number of			average
	options			exercise price
					$
Opening balance		9,566			402.91
Granted during the period		—			—
Expired during the period		(7,565	)		386.90
Closing balance, as at June 30, 2026		2,001			463.43
Closing balance of exercisable options, as at June 30, 2026		2,001			463.43

	Twelve months ended December 31, 2025
			Weighted
	Number of		average
	options		exercise price
				$
Opening balance		9,566		402.91
Forfeited during the period		—		—
Closing balance, as at December 31, 2025		9,566		402.91
Closing balance of exercisable options, as at December 31, 2025		9,566		402.91

The following is a summary of stock options outstanding and exercisable as at June 30, 2026:

		Options outstanding			Options exercisable
	Number		Weighted average contractual life (years)	Number		Weighted average contractual life (years)
June 30, 2026 Exercise price
$402.00	835		0.58	835		0.58
$501.00	334		0.32	334		0.32
$510.00	832		0.31	832		0.31
	2,001			2,001

		Options outstanding			Options exercisable
	Number		Weighted average contractual life (years)	Number		Weighted average contractual life (years)
December 31, 2025 Exercise price
$127.50	4,167		0.26	4,167		0.26
$402.00	835		1.07	835		1.07
$501.00	334		0.82	334		0.82
$510.00	832		0.80	832		0.80
$705.00	3,398		0.11	3,398		0.11
	9,566			9,566