Aurion Resources : AU Q3 FS Sept 2021

Condensed Consolidated Interim Financial Statements of

AURION RESOURCES LTD.

For the three and nine months ended September 30, 2021 and 2020

NOTICE OF NO AUDITOR REVIEW OF INTERIM FINANCIAL STATEMENTS

The accompanying unaudited condensed consolidated interim financial statements of Aurion Resources Ltd. for the three and nine months ended September 30, 2021 and 2020 have been prepared by and are the responsibility of the Company's management.

The Company's independent auditors have not performed a review of these financial statements in accordance with the standards established by the Chartered Professional Accountants of Canada for a review of interim financial statements by an entity's auditor.

AURION RESOURCES LTD.

Table of Contents

	PAGE
Condensed Consolidated Interim Statements of Financial Position	1
Condensed Consolidated Interim Statements of Operations and Comprehensive Loss	2
Condensed Consolidated Interim Statements of Changes in Shareholders' Equity	3
Condensed Consolidated Interim Statements of Cash Flows	4
Notes to the Condensed Consolidated Interim Statements	5 -25

AURION RESOURCES LTD.

Condensed Consolidated Interim Statements of Financial Position

(Expressed in Canadian Dollars - unaudited)

					As at	As at
					September 30	December 31,
			Note		2021	2020
				$	$
ASSETS
CURRENT
Cash				6,697,798	1,704,898
Reclamation deposit				126,618	126,618
Receivables		6	262,092	240,686
Prepaid expenses				465,633	370,291
Marketable securities		7	4,830,001	5,777,501
Total current assets				12,382,142	8,219,994
EXPLORATION AND EVALUATION ASSETS	8	34,093,172	29,833,450
INVESTMENT IN ASSOCIATE	9	3,372,176	3,851,826
RIGHT-OF-USE ASSETS		10	37,510	63,478
PROPERTY AND EQUIPMENT	11	110,624	216,931
Total assets				49,995,624	42,185,679
LIABILITIES
CURRENT
Trade payables and accrued liabilities			709,425	370,395
Lease liability		12	34,332	34,332
Total current liabilities				743,757	404,727
NON-CURRENT
Lease liability		12	9,774	38,220
Deferred share unit liability	13	575,902	779,442
Total non-current liabilities				585,676	817,662
Total Liabilities				1,329,433	1,222,389
SHAREHOLDERS' EQUITY	13	48,666,191	40,963,290
				49,995,624	42,185,679
BASIS OF PREPARATION	2
AUTHORIZED FOR ISSUE ON BEHALF OF THE BOARD OF DIRECTORS ON November 26, 2021:
"Dennis Clarke"	Director	"David Loveys"	Director

See accompanying notes to the condensed consolidated interim financial statements

1

AURION RESOURCES LTD.

Condensed Consolidated Interim Statements of Operations and Comprehensive Loss

(Expressed in Canadian Dollars - unaudited)

		For the three	For the three		For the nine	For the nine
		months ended	months ended		months ended	months ended
		September 30,	September 30,		September 30,	September 30,
	Note	2021	2020		2021	2020
		$	$	$	$
EXPENSES
Share-based payments	13	319,391	390,855	949,655	1,766,212
Wages and benefits		163,291	212,394	764,144	715,002
General and administrative		305,925	202,696	785,752	919,446
Professional fees		33,253	44,685	101,905	95,155
Depreciation	11	28,253	39,961	76,539	94,103
Accounting		8,851	20,636	51,998	64,664
Amortization of right-of-use assets	10	8,656	8,656	25,968	25,968
Consulting fees		16,500	4,500	27,500	13,516
Interest and bank charges		802	3,374	3,563	4,564
Interest on lease liabilities	12	1,387	2,285	4,161	6,858
Write-down of exploration and evaluation assets	8	2,435	2,515	10,594	5,885
		(888,744)	(932,557)	(2,801,779)	(3,711,373)
Foreign exchange gain (loss)		3,371	21,916	(49,534)	80,111
Interest and other income		25,328	19,414	75,453	131,042
Gain on sale of equipment		2,798	-	2,798	-
Gain on property transactions	8	-	-	517,501	479,168
Share of loss from associate	9	(59,398)	-	(277,790)	-
Unrealized gain (loss) on marketable securities	7	546,667	1,187,917	(1,465,001)	2,292,917
		518,766	1,229,247	(1,196,573)	2,983,238
Net Income (Loss) and Comprehensive Loss for the Period	(369,978)	296,690	(3,998,352)	(728,135)
Income (Loss) per Common Share - Basic and Diluted		(0.004)	0.004	(0.04)	(0.01)
Weighted Average Number of Common
Shares Outstanding - Basic and Diluted		98,876,904	83,476,771	96,036,013	83,474,253

See accompanying notes to the condensed consolidated interim financial statements

2