Notice of No Auditor Review of Interim Financial Statements
Under National Instrument 51-102, Part 4, subsection 4.3(3)(a), if an auditor has not performed a review of the interim financial statements, they must be accompanied by a notice indicating that the financial statements have not been reviewed by an auditor.
The accompanying unaudited condensed interim financial statements of the Company have been prepared by and are the
responsibility of the Company's management.
The Company's independent auditor has not performed a review of these financial statements in accordance with standards established by CPA Canada for a review of interim financial statements by an entity's auditor.
August 29, 2025
"Jeffrey Hunter"
President and CFO
Canadian Silver Hunter Inc. Condensed Interim Statements of Financial Position (Expressed in Canadian Dollars) (Unaudited) | ||
June 30 | December 31, | |
2025 | 2024 | |
ASSETS | ||
Current assets | ||
Cash | 7,116 | - |
Marketable securities (at cost note 7) | 295,403 | 362,525 |
Prepaid expenses | 3,407 | 4,937 |
Sales Tax Receivable | 4,792 | 1,298 |
Total current assets | 310,718 | 368,750 |
Non-current assets | ||
Restricted cash equivalent (note 5) | 5,000 | 5,000 |
Equipment (note 6) | 225 | 271 |
Interest in exploration property and exploration | ||
and evaluation expenditures (note 7) | 6,234 | 6,234 |
Total non-current assets | 11,459 | 11,505 |
Total assets | 322,177 | 380,255 |
SHAREHOLDERS' EQUITY AND LIABILITIES | ||
Current liabilities | ||
Trade and other payables | 66,495 | 77,657 |
Total liabilities | 66,495 | 77,657 |
Shareholders' equity | ||
Issued capital (note 8) | 2,699,978 | 2,699,978 |
Reserves | 13,750 | 13,750 |
Deficit | (2,458,046) | (2,411,130) |
Total shareholders' equity | 255,682 | 302,598 |
Total shareholders' equity and liabilities | 322,177 | 380,255 |
Nature of operations and going concern (note 1) | ||
Commitments and contingencies (notes 7 and 13) | ||
Approved by the Board of Directors: "Jeffrey Hunter" Director | ||
"Rob Gordon" Director | ||
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Canadian Silver Hunter Inc. Condensed Interim Statements of Loss and Comprehensive Loss (Expressed in Canadian Dollars) (Unaudited) 2025Three months Ended June
30
2024 2025
Six Months
Ended June 30
2024
IncomeGain on sale of assets 19,322 3,800 23,672 3,800
General and administrative expensesManagement and consulting fees (note 12) | 20,000 | 15,000 | 36,667 | 30.000 |
Professional fees | 9,074 | 4,602 | 9,484 | 12,871 |
Amortization (note 6) | 23 | 41 | 46 | 70 |
Office and general administrative | 13,414 | 9,314 | 20,502 | 16,496 |
Mining expenses | 2,000 | 702 | 4,000 | 2,859 |
Interest income | - | (1) | (113) | (88) |
Total Expenses | 44,511 | 29,658 | 70,588 | 62,008 |
Net Income (loss) and | (25,189) | (25,858) | (46,916) | (58,208) |
comprehensive loss | ||||
Basic and diluted net income | 0.00 | 0.00 | 0.00 | 0.00 |
(loss)per share (note 11) | ||||
Weighted average number of common shares outstanding - | 28,519,700 | 28,519,700 | 28,519,700 | 28,519,700 |
basic and diluted |
The accompanying notes are an integral part of these unaudited condensed interim financial statements
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Canadian Silver Hunter Inc. Condensed Interim Statements of Cash Flows (Expressed in Canadian Dollars)(Unaudited)
Three | Six | |||
Months | Months | |||
ended June 30 | Ended June 30 | |||
2025 | 2024 | 2025 | 2024 | |
Operating activities | ||||
Net income (loss) for the year | (25,189) | (25,858) | (46,916) | (58,208) |
Adjustment for: | ||||
Amortization | 23 | 41 | 46 | 70 |
Non-cash working capital items | ||||
Marketable securities | 29,727 | 36,635 | 65,950 | 36,635 |
Sales tax receivable | (4,053) | 2,918 | (2,332) | 1,296 |
Prepaid expenses | 32 | (998) | 1,530 | 2,547 |
Trade and other payables | (4,886) | (4,815) | (11,162) | (743) |
Short term loans | - | (20,000) | ||
Net cash used in operating activities | 4,346 | (2,447) | 7,116 | (18,403) |
Investing activities | ||||
Additions to interest in exploration property and exploration | - | - | - | - |
and evaluation expenditures | ||||
Net cash provided by investing activities | - | - | - | - |
Net change in cash | 4,346 | (2,447) | 7,116 | (18,403) |
Cash, beginning of period | 2,770 | 8,575 | - | 24,531 |
Cash, end of period | 7,116 | 6,128 | 7,116 | 6,128 |
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