Blende Silver : FINANCIALS (Blende Silver Corp. 2025 11 30 Financial Statements Final)

About this update from Blende Silver Corp.

BLENDE SILVER CORP. FINANCIAL STATEMENTS For the year ended November 30, 2025 (Expressed in Canadian Dollars) Page 1 Ifidepefidefit Auditor's Report To the Shareholders of Blende Silver Corp. Opifiiofi We have audited the financial statements of Blende Silver Corp. (the "Company"), which comprise the statements of financial position as at November 30, 2025 and 2024, and the statements of loss and comprehensive loss, changes in shareholders' equity and cash flows for the years then ended, and notes to the financial statements, including material accounting policy information. In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of the Company as at November 30, 2025 and 2024, and its financial performance and its cash flows for the years then ended in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board. B6sis for Opifiiofi We conducted our audit in accordance with Canadian generally accepted auditing standards. Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in Canada, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. M6teri6l Uficert6ifity Rel6ted to Goifig Coficerfi We draw attention to Note 1 to the financial statements, which indicates that the Company has incurred ongoing losses and has an accumulated deficit of $20,867,072 as at November 30, 2025. These events or conditions, along with other matters as set forth in Note 1, indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern. Our opinion is not modified in respect of this matter. Key Audit M6tters Key audit matters are those matters, that in our professional judgment, were of most significance in our audit of the financial statements of the current period. These matters were addressed in the context of our audit of the financial statements as a whole, and in forming our opinion thereon, and we do not p...

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