Interim Financial Statements : Nov 30 2022

About this update from Tres-or Resources Ltd.

CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED NOVEMBER 30, 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) November 30, February 28, Note 2022 2022 ASSETS Current assets Cash $ 342,120 $ 258,727 Marketable securities 3 1,068,408 - Receivables 4 5,215 38,877 Prepaids 1,650 8,073 Total current assets 1,417,393 305,677 Non-current assets Exploration and evaluation assets 5 2,407,175 3,990,732 TOTAL ASSETS $ 3,824,568 $ 4,296,409 LIABILITIES Current liabilities Accounts payable and accrued liabilities $ 204,320 $ 235,018 Due to related parties 7 359,187 407,682 Loans payable 6,7 - 174,375 Total current liabilities 563,507 817,075 Non-current liabilities Flow through share premium liabilities 9 25,574 34,199 TOTAL LIABILITIES 589,081 851,274 EQUITY Share capital 8 18,067,993 18,069,565 Treasury shares 8 (120,000) - Equity reserves 8 2,272,453 2,272,453 Accumulated other comprehensive loss (480,192) - Deficit (16,504,767) (16,896,883) TOTAL EQUITY 3,235,487 3,445,135 TOTAL LIABILITIES AND EQUITY $ 3,824,568 $ 4,296,409 Nature and continuance of operations (Note 1) Approved by the Board of Directors on January 27, 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 INCOME (LOSS) AND COMPREHENSIVE LOSS UNAUDITED - PREPARED BY MANAGEMENT (Expressed in Canadian Dollars) Three months ended Nine months ended November 30, November 30, Note 2022 2021 2022 2021 GENERAL AND ADMINISTRATIVE EXPENSES Accretion and interest on loans payable 6,7 $ - $ - $ - $ 108 Consulting fees - - - 20,500 Management fees 7 28,500 13,500 55,500 40,500 Office and miscellaneous 1,707 5,839 8,255 9,917 Professional fees 26,705 8,265 61,967 34,211 Transfer agent and regulatory fees 1,025 1,474 4,797 7,933 Travel and promotion 7 2,010 13,453 10,520 39,282 (59,947) (42,531) (141,039) (152,451) Settlement of flow through share premium liabilities 9 4,500 31,020 8,625 31,020 Bad debt recovery 125,336 - 125,336 - Interest income 1,933 - 3,397 - Gain on loan settlement 6 - - 19,375 - Gain on property transfer 5 18,369 - 376,422 - Income (loss) for the period 90,191 (11,511) 392,116 (121,431) OTHER COMPREHENSIVE LOSS Unrealized loss on marketable securities 3 (60,024) - (480,192) - Total comprehensive income (loss) for the period $ 30,167 $ (11,511) $ (88,076) $ (121,431) Basic and diluted earnings (loss) per common share $ 0.00 $ (0.00) $ 0.02 $ (0.01) Weighted average number of common shares outstanding - basic and diluted 20,961,862 21,592,263 22,285,499 21,436,074 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 Share Other Number of Subscriptions Treasury Equity Comprehensive shares Share Capital Receivable Shares Reserves Loss 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 issue costs - (4,981) - - - - - (4,981) 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 - - - - - - (121,431) (121,431) Balance - November 30, 2021 21,592,263 $ 17,947,290 $ - $ - $ 2,272,453 $ - $ (16,790,692) $ 3,429,051 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) Treasury shares (2,000,001) - - (120,000) - - - (120,000) Loss on marketable securities - - - - - (480,192) - (480,192) Income for the period - - - - - - 392,116 392,116 Balance November 30, 2022 20,961,862 $ 18,067,993 $ - $ (120,000) $ 2,272,453 $ (480,192) $ (16,504,767) $ 3,235,487 The accompanying notes are an integral part of these condensed consolidated interim financial statements. 5

View stock analysis, news, and events for Tres-or Resources Ltd.