Dios Exploration : Interim financial statement – June 30, 2023, 2023

DIOS EXPLORATION INC.

UNAUDITED INTERIM FINANCIAL STATEMENTS

June 30, 2023

Content

Interim Statement of Financial Position	2
Interim Statement of Comprehensive Loss	3
Interim Statement of Changes in Equity	4
Interim Statement of Cash Flows	5
Notes to Interim Financial Statements	6-11

The attached interim financial statements have been prepared by Dios Exploration Inc. and its external auditors have

not reviewed these unaudited financial statements.

Box 114, P.O. NDG, Montreal QC H4A 3P4

Tel: [phone]

email: [e-mail] web site: www.diosexplo.com

DIOS EXPLORATION INC.

Interim Statement of Financial Position (unaudited)

(Canadian dollars)

	Notes	June 30	December 31
		2023	2022
		$	$
ASSETS
Current
Cash and cash equivalents		282 102	62 113
Term deposit (1.7% to 4.1%) maturing December 23, 2023		517 448	879 009
Good and services tax receivable		5 766	90 436
Tax credits receivable		12 661	112 784
Prepaid expenses		5 750	1 623
		823 727	1 145 965
Non-current
Fixeds assets	5	802	1 089
Advances on exploration and evaluation assets		-	22 005
Exploration and evaluation assets	6	6 602 184	6 357 576
		6 602 986	6 380 670
Total assets		7 426 713	7 526 635
LIABILITIES
Current
Trade and other payables		73 252	119 737
Loan guaranteed by the government of Canada	7	40 000	40 000
Other liabilities		152 109	195 000
Total liabilities		265 361	354 737
EQUITY
Share capital	8.1	24 786 494	24 774 569
Contributed surplus		3 170 211	3 162 164
Deficit		(20 795 353)	(20 764 835)
Total equity		7 161 352	7 171 898
Total liabilities and equity		7 426 713	7 526 635

The accompanying notes are an integral part of the interim financial statements

These financial statements were approved and authorized for issue by the Board of Directors on August16,*, 2023.

(s) Marie-José Girard		(s) René Lacroix
Marie-José Girard		René Lacroix
Director		Director

2

DIOS EXPLORATION INC.

Interim Statement of Comprehensive Loss (unaudited )

(Canadian dollars)	Notes	Three-month period ended		Six-month period ended
		June 30			June 30
		2023			2022		2023			2022
		$			$	$			$
EXPENSES
Professional fees		11 988			26 000	43 188			36 400
Employee benefits expense	9.1	11 587			14 480	21 080			35 013
Trustees, registration fees and shareholders relations		10 655			13 720	21 011			21 694
Consulting fees		8 800			10 075	19 076			18 296
Insurance, taxes and permits		2 390			2 238	6 624			5 618
Offices expenses		2 493			1 107	5 591			2 587
Publicity, travel and promotion		735			101	738			182
Bank charges		130			65	295			121
Amortization of fixed assets		143			71	287			142
Gain on disposal of Exploration and evaluation assets	6	(30 000)			(30 000)		(30 000)			(30 000)
OPERATING LOSS		18 921			37 857	87 890			90 053
OTHER REVENUES
Finance income	10	7 032			4 157	14 481			5 942
LOSS BEFORE INCOME TAXES		(11 889)			(33 700)	(73 409)			(84 111)
Deferred income taxes		20 315			21 330	42 891			51 778
NET PROFIT ( LOSS) AND
COMPREHENSIVE PROFIT (LOSS)		8 426			(12 370)	(30 518)			(32 333)
NET PROFIT (LOSS) PER SHARE
Basic and diluted profit (loss) per share	11	0.001			(0.001)	(0.001)			(0.001)

The accompanying notes are an integral part of the interim financial statements

3

DIOS EXPLORATION INC.

Interim Statement of Changes in Equity (unaudited)

(Canadian dollars)

				Contributed
	Note	Share capital	surplus	Deficit	Total equity
		Number of	$	$	$	$
		shares
Balance at January 1, 2022		114 707 066	24 319 569	3 109 812	(20 931 892)	6 497 489
Net loss for the period		-	-	-	(32 333)	(32 333)
Share-based payments	9.2	-	-	29 944	-	29 944
Balance at June 30, 2022		114 707 066	24 319 569	3 139 756	(20 964 225)	6 495 100

Balance at January 1, 2023		121 207 066	24 774 569	3 162 164	(20 764 835)	7 171 898
Net loss for the period		-	-	-	(30 518)	(30 518)
Exercic of options	8.1	75 000	11 925	(4 425)	-	7 500
Share-based payments	9.2	-	-	12 472	-	12 472
Balance at June 30, 2023		121 282 066	24 786 494	3 170 211	(20 795 353)	7 161 352

The accompanying notes are an integral part of the financial statements

4

DIOS EXPLORATION INC.

Interim Statement of Cash Flows (unaudited)

(Canadian dollars)

		Six-month period ended
		June 30
	Notes	2023			2022
		$			$
OPERATING ACTIVITIES
Net loss		(30 518)			(32 333)
Adjustments
Share-based payments		12 472			29 944
Gain on disposal of Exploration and evaluation assets		(30 000)			(30 000)
Finance income not cashed		(7 680)			(3 580)
Amortization of fixed assets		287			142
Deferred income taxes		(42 891)			(51 778)
Changes in working capital items	12	100 340			48 948
Cash flows from operating activities		2 010			(38 657)
INVESTING ACTIVITIES
Purchase of term deposits		-			(1 840 537)
Term deposits' maturity and redemption		369 241			770 863
Repayment of advance on exploration and evaluation assets		22 005			-
Payment received on option		30 000			30 000
Tax credit received		100123			-
Addition to exploration and evaluation assets		(306 190)			(185 748)
Cash flows from investing activities		215 179			(1 225 422)
FINANCING ACTIVITIES
Exercise of stock options		7 500			-
Share issuance costs		(4 700)			(8 005)
Cash flows from financing activities		2 800			(8 005)
Net change in cash and cash equivalents		219 989			(1 272 084)
Cash and cash equivalents, beginning of period		62 113			1 357 993
Cash and cash equivalents, end of period		282 102			85 909
Supplemental disclosure
	6 800
Interests income cashed (operating activities)				2 362
Interest paid (operating activities)		-			-

Additional information - Cash Flows- note 12

The accompanying notes are an integral part of the interim financial statements

5