Interim Financial Statements : May 31 2022

About this update from Tres-or Resources Ltd.

CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE THREE MONTHS ENDED MAY 31, 2022 AND 2021 (Unaudited - Prepared by Management) (Expressed in Canadian Dollars) Tel: 1-604-688-8700 Email: [email protected] Website: http://www.tres-or.com Tres-Or trades on the TSX Venture Exchange under the symbol TRS 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 consolidated 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 the Chartered Professional Accountants of Canada for a review of interim financial statements by an entity's auditor. TRES-OR RESOURCES LTD. CONDENSED CONSOLIDATED INTERIM STATEMENTS OF FINANCIAL POSITION UNAUDITED - PREPARED BY MANAGEMENT (Expressed in Canadian Dollars) May 31, February 28, Note 2022 2022 ASSETS Current assets Cash $ 226,735 $ 258,727 Receivables 4 6,162 38,877 Prepaids 6,094 8,073 Total current assets 238,991 305,677 Non-current assets Exploration and evaluation assets 5 4,007,534 3,990,732 TOTAL ASSETS $ 4,246,525 $ 4,296,409 LIABILITIES Current liabilities Accounts payable and accrued liabilities $ 195,247 $ 235,018 Due to related parties 7 424,849 407,682 Loans payable 6,7 174,375 174,375 Total current liabilities 794,471 817,075 Non-current liabilities Flow through share premium liabilities 9 30,074 34,199 TOTAL LIABILITIES 824,545 851,274 EQUITY Share capital 8 18,067,993 18,069,565 Equity reserves 8 2,272,453 2,272,453 Deficit (16,918,466) (16,896,883) TOTAL EQUITY 3,421,980 3,445,135 TOTAL LIABILITIES AND EQUITY $ 4,246,525 $ 4,296,409 Nature and continuance of operations (Note 1) Approved by the Board of Directors on July 27, 2022: " Gareth E. Mason " "Laura Lee Duffett" Director Director The accompanying notes are an integral part of these condensed consolidated interim financial statements. 3 TRES-OR RESOURCES LTD. CONDENSED CONSOLIDATED INTERIM STATEMENTS OF LOSS AND COMPREHENSIVE LOSS UNAUDITED - PREPARED BY MANAGEMENT (Expressed in Canadian Dollars) Three months ended May 31, Note 2022 2021 GENERAL AND ADMINISTRATIVE EXPENSES Accretion and interest on loans payable 6,7 $ - $ 108 Consulting fees - 14,500 Management fees 7 13,500 13,500 Office and miscellaneous 1,724 3,603 Professional fees 5,709 15,620 Transfer agent and regulatory fees 1,293 6,769 Travel and promotion 7 3,482 13,685 (25,708) (67,785) Settlement of flow through share premium liabilities 9 4,125 - Loss and comprehensive loss for the period $ (21,583) $ (67,785) Basic and diluted loss per common share $ (0.00) $ (0.00) Weighted average number of common shares outstanding - basic and diluted 22,961,863 21,125,393 The accompanying notes are an integral part of these condensed consolidated interim financial statements. 4 TRES-OR RESOURCES LTD. CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CHANGES IN EQUITY UNAUDITED - PREPARED BY MANAGEMENT (Expressed in Canadian Dollars) Share Number of Subscriptions Equity shares Share Capital Receivable Reserves Deficit Total Balance - February 28, 2021 20,978,263 $ 17,891,191 $ (24,750) $ 2,272,453 $ (16,669,261) $ 3,469,633 Private placement 564,000 84,600 - - - 84,600 Share subscription receivable - - 24,750 - - 24,750 Flow-through share premium liability - (31,020) - - - (31,020) Exercise of warrants 50,000 7,500 - - - 7,500 Loss for the period - - - - (67,785) (67,785) Balance - May 31, 2021 21,592,263 $ 17,952,271 $ - $ 2,272,453 $ (16,737,046) $ 3,487,678 Balance - February 28, 2022 22,961,863 $ 18,069,565 $ - $ 2,272,453 $ (16,896,883) $ 3,445,135 Share issue costs - (1,572) - - - (1,572) Loss for the period - - - - (21,583) (21,583) Balance May 31, 2022 22,961,863 $ 18,067,993 $ - $ 2,272,453 $ (16,918,466) $ 3,421,980 The accompanying notes are an integral part of these condensed consolidated interim financial statements. 5 This is an excerpt of the original content. To continue reading it, access the original document here .

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