Interim Financial Statements : May 31 2023

About this update from Tres-or Resources Ltd.

CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE THREE MONTHS ENDED MAY 31, 2023 AND 2022 (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 2023 2023 ASSETS Current assets Cash $ 263,718 $ 280,844 Marketable securities 3 820,912 1,320,504 Receivables 4 6,820 8,150 Prepaids 1,064 1,346 Total current assets 1,092,514 1,610,844 Non-current assets Exploration and evaluation assets 6 2,629,134 2,409,131 TOTAL ASSETS $ 3,721,648 $ 4,019,975 LIABILITIES Current liabilities Accounts payable and accrued liabilities $ 204,647 $ 242,535 Due to related parties 8 302,800 329,179 Flow through share premium liability 10 17,170 21,369 Total current liabilities 524,617 593,083 Non-current liabilities Loans payable 7,8 7,439 - TOTAL LIABILITIES 532,056 593,083 EQUITY Share capital 9 18,261,113 18,067,993 Treasury shares 9 - (120,000) Equity reserves 9 2,272,453 2,272,453 Accumulated other comprehensive loss (726,088) (228,096) Deficit (16,617,886) (16,565,458) TOTAL EQUITY 3,189,592 3,426,892 TOTAL LIABILITIES AND EQUITY $ 3,721,648 $ 4,019,975 Nature and continuance of operations (Note 1) Approved by the Board of Directors on July 26, 2023: " 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 2023 2022 GENERAL AND ADMINISTRATIVE EXPENSES Consulting fees $ 5,895 $ - Management fees 8 13,500 13,500 Office and miscellaneous 3,899 1,724 Professional fees 8,084 5,709 Transfer agent and regulatory fees 3,532 1,293 Travel and promotion 8 3,953 3,482 (38,863) (25,708) Settlement of flow through share premium liabilities 10 4,199 4,125 Interest income 1,836 - Loss for the period (32,828) (21,583) OTHER COMPREHENSIVE LOSS Unrealized loss on marketable securities 3 (497,592) - Total comprehensive loss for the period $ (530,420) $ (21,583) Basic and diluted loss per common share $ (0.00) $ (0.00) Weighted average number of common shares outstanding - basic and diluted 24,173,596 22,961,863 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) Accumulated Other Number of Treasury Equity Comprehensive shares Share Capital Shares Reserves Loss Deficit Total 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 Balance - February 28, 2023 22,961,863 $ 18,067,993 $ (120,000) $ 2,272,453 $ (228,096) $ (16,565,458) $ 3,426,892 Shares issued for exploration and evaluation asset 2,272,000 193,120 - - - - 193,120 Unrealized loss on marketable securities - - - - (497,592) - (497,592) Gain on marketable securities - - - - (400) 400 - Sale of treasury shares - - 120,000 - - (20,000) 100,000 Loss for the period - - - - - (32,828) (32,828) Balance - May 31, 2023 25,233,863 $ 18,261,113 $ - $ 2,272,453 $ (726,088) $ (16,617,886) $ 3,189,592 The accompanying notes are an integral part of these condensed consolidated interim financial statements. 5

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