Results For The Six Month Period Ended February 28, 2023

During the six month period ended February 28, 2023, the Company incurred a net loss of $2.81 million (February 28, 2022 - $5.95 million). Cash based expenses for the six month period were 54% lower than for the same period in fiscal 2022.

General and administrative expenses during the current period were lower at $2.03 million (February 28, 2022 - $2.44 million), with the higher expense for the six month period ended February 28, 2022 being primarily due to legal expenses for our successful defense at trial against claims by Africa Wide, which took place during October 2021 and February 2022. Interest expense was $Nil in the current period versus...