Ann: Investor Webinar Presentation, page-38

Yes, that is all true, and MJ the names you mention, PHall, Leedman, Otto that's long time water under the bridge, each capital raise everything is new, - and each capital raise we are getting diluted big time if SP is where it is now --- imagine we raise 7m now at .3c ?? and then again in 7 months -- what's my point ? I am feeling not comfortable at that thought, but ..... need to start imaging it. -- hence my posts earlier today - that is our hope, break even maybe mid 2026 ?

here is your dilution nightmare in numbers thanks to GPT

Starting Point

• You hold:1,000,000 shares
• Total shares on issue:4.6B
• Your ownership:

1,000,0004.6B=0.02174%4.6B1,000,000=0.02174%

Next Raise: $7M at 0.3c --- maybe June 2025

• New shares issued:

7,000,0000.003=2.333B0.0037,000,000=2.333B

• Total shares after first raise:

$$4.6B+2.333B=6.933B$$

• Your ownership now:

1,000,0006.933B=0.01443%6.933B1,000,000=0.01443%

Subsequent Raise (also $7M at 0.3c) --- maybe Feb 2026

• New shares issued:

7,000,0000.003=2.333B0.0037,000,000=2.333B

• Total shares after second raise:

$$6.933B+2.333B=9.266B$$

• Your final ownership:

1,000,0009.266B=0.01079%9.266B1,000,000=0.01079%

Dilution Summary

You started at0.02174%, and now hold0.01079%

0.010790.02174=49.6%0.021740.01079=49.6%

You’ve retained49.6%of your original ownership
→ So your position has beendiluted by 50.4%

Final Answer

• Your 1M shares now represent0.01079%of the company.
• You've been diluted by approximately50.4%by not participating in either raise.