Share Structure

as of September 1, 2023

• Listed
  MAE (TSX Venture)
• Authorized
  Unlimited
• Shares Issued and Outstanding
  545.7 Million
• Options Outstanding
  26.6 Million
• Warrants Outstanding
  90.2 Million
• 50.0 Million at $0.07 (Expire Aug 2026)
• 40.2 Million at $0.07 (Expire Aug 2025)
• Shares Fully Diluted
  662.5 Million

Note - Aug 2025 Warrant : Each warrant can be extended by one year at the election of the Company subject to the approval of Noteholders of at least 65% of the principal amount of the Notes then outstanding.