GOLD RUSH CARIBOO CORP.

Interim Condensed Consolidated Financial Statements For the three and nine months ended March 31, 2020 and March 31, 2019

(Unaudited - Prepared by Management) (Expressed in Canadian dollars)

NOTICE TO READER

The accompanying unaudited condensed interim consolidated financial statements of Gold Rush Cariboo Corp. (the "Company") for the nine months ended March 31, 2020 have been prepared by management, reviewed by the Audit Committee and approved by the Board of Directors of the Company.

In accordance with National Instrument 51-102, Continuous Disclosure Obligations of the Canadian Securities Administrators, the Company herewith discloses that the accompanying unaudited condensed interim consolidated financial statements have not been reviewed by an auditor.

Toronto, Ontario

July 14, 2020

See accompanying notes to the unaudited interim condensed consolidated financial statements

1

GOLD RUSH CARIBOO CORP.

Interim Condensed Consolidated Statements of Financial Position As at March 31, 2020 and June 30, 2019

(Unaudited)

(Expressed in Canadian dollars)

March 31, 2020

June 30, 2019

(Unaudited)

(Audited)

Assets

Current

Cash (Note 5)

$

44,457

$

30,078

GST/HST receivable (Note 6)

24,665

20,147

Prepaid expenses and deposits (Note 7)

6,300

-

75,422

50,225

Property, plant and equipment (Note 8)

15,643

22,008

Mining Equipment (Note 8)

1

1

Mining property & rights acquisition costs (Note 9)

2

2

Total Assets

$

91,068

$

72,236

Liabilities

Current

Accounts payable and accrued liabilities

$

385,995

$

183,820

Due to consultants (Note 11)

234,043

188,327

Due to other companies

324,656

-

Current portion of convertible promissory note payable (Note

12)

375,000

375,000

1,319,694

772,147

Convertible Promissory Note Payable (Note 12)

1,098,929

1,098,929

Shareholders' Equity

Share capital

7,342,715

7,342,715

Equity component of convertible promissory note

payable (Note 12)

984,700

984,700

Warrant reserve (Note 13(c))

1,183,961

1,183,961

Share-based payments reserve (Note 13(d))

453,754

453,754

Contributed surplus (Note 13(e))

2,683,843

2,683,843

Deficit

(14,976,528)

(14,447,813)

(2,327,555)

(1,798,840)

Total Liabilities and Shareholders' Equity

$

91,068

$

72,236

Nature of Operations and Going Concern (Note 1)

Commitments and Contingencies (Note 16)

Approved by the Board

"Brian Stecyk"

"Conan Taylor"

Director (Signed)

Director (Signed)

See accompanying notes to the unaudited interim condensed consolidated financial statements

2

GOLD RUSH CARIBOO CORP.

Interim Condensed Consolidated Statements of Loss and Comprehensive Loss For the Three and Nine Months Ended March 31, 2020 and March 31, 2019 (Unaudited)

(Expressed in Canadian dollars)

Three Months

Nine Months

March 31,

March 31,

2020

2019

2020

2019

Expenses

Exploration and evaluation

$

2,395

$

4,132

$112,664

$

145,924

expenditures (Note 17)

Management fees

114,612

-

152,011

27,000

Professional fees

5,361

18,502

44,168

36,002

Investor relations

2,325

-

8,478

980

Filing and transfer fees

2,406

2,618

23,950

7,628

General and administrative

3,909

14,445

38,802

18,535

Interest on convertible promissory

note (Note 12)

47,425

-

142,275

89,474

Amortization (Note 8)

2,904

33,383

6,367

100,477

181,337

73,080

528,715

446,530

Net Loss and Comprehensive Loss

for the period

(181,337)

(73,080)

(528,715)

(446,530)

Basic and diluted loss per common

share

$

(0.00)

$

(0.00)

$

(0.01)

$

(0.01)

Weighted average number of

common shares outstanding

39,632,411

39,407,411

39,632,411

39,407,411

See accompanying notes to the unaudited interim condensed consolidated financial statements

3

GOLD RUSH CARIBOO CORP.

Interim Condensed Consolidated Statements of Changes in Deficiency For the Nine Months Ended March 31, 2020 and March 31, 2019 (Unaudited)

(Expressed in Canadian dollars)

Number of

Amount

Equity

Warrants

Share-based

Contributed

Accumulated

Total

Shares

Component

Reserve

Payments

Surplus

Deficit

(Note 1)

of Convertible

Reserve

Balance at June 30, 2018

39,407,411

$

7,304,472

$

984,700

$

1,265,799

$

469,497

$

2,602,005

$

(9,277,707)

$

3,348,766

Expiry of stock options

-

-

-

-

(6,997)

6,997

-

-

Valuation of warrants

-

585,381

-

(585,381)

-

-

-

-

Expiry of warrants

-

-

-

(81,838)

-

81,838

-

-

Net loss and comprehensive loss for the period

-

-

-

-

-

-

(446,530)

(446,530)

Balance at March 31, 2019

39,407,411

$

7,889,853

$

984,700

$

598,580

$

462,500

$

2,690,840

$

(9,724,237)

$

2,902,236

Balance at June 30, 2019

39,632,411

$

7,342,715

$

984,700

$

1,183,961

$

453,754

$

2,683,843

$

(14,447,813)

$

(1,798,840)

Net loss and comprehensive loss for the period

-

-

-

-

-

-

(528,715)

(528,715)

Balance at March 31, 2020

39,632,411

$

7,342,715

$

984,700

$

1,183,961

$

453,754

$

2,683,843

$

(14,976,528)

$

(2,327,555)

See accompanying notes to the unaudited interim condensed consolidated financial statements

4

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Allied Copper Corp. published this content on 13 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 December 2021 22:37:10 UTC.