G E T T Gold : Interim financial statements for the period ended June 30th, 2023

G.E.T.T. GOLD INC

CONDENSED INTERIM FINANCIAL STATEMENTS

FOR THE 9-MONTH PERIOD ENDED JUNE 30, 2023 (Unaudited and not reviewed by the Company's independent auditors)

CONDENSED INTERIM FINANCIAL STATEMENTS
Interim statements of financial position	1.
Interim statements of income (loss) and comprehensive income (loss)	3.
Interim statements of changes in equity	4.
Interim statements of cash flows	5.
Notes to condensed interim financial statements	7.

1

G.E.T.T. Gold Inc

INTERIM STATEMENTS OF FINANCIAL POSITION (in Canadian dollars)

(Unaudited and not reviewed by the Company's independent auditors)

		June 30,		September 30,
		2023		2022
ASSETS
CURRENT ASSETS
Cash	$	632,362	$	952,453
Accounts receivable and other receivables (Note 5)		59,926		63,796
Prepaid expenses		31,559		41,285
Balance of sale of mining properties (Note 3)		496,710		1,496,710
Gold ounces receivable (Note 3)		1,143,990		1,033,711
Total current assets		2,364,547		3,587,955
NON-CURRENT ASSETS
Property and equipment (Note 6)		376,002		408,953
Intangible assets (Note 7)		344,718		405,551
Investment in a listed mining company		1,000		1,200
In-trust deposit related to asset retirement obligations (Note 13)		155,532		155,532
Gold ounces receivable (Note 3)		-		9,303,397
Total non-current assets		877,252		10,274,633
TOTAL ASSETS	$	3,241,799	$	13,862,588

The accompanying notes form an integral part of these interim financial statements.

2

G.E.T.T. Gold Inc

INTERIM STATEMENTS OF FINANCIAL POSITION (in Canadian dollars)

(Unaudited and not reviewed by the Company's independent auditors)

			June 30,						September 30,
			2023						2022
LIABILITIES
CURRENT LIABILITIES
Accounts payable (Note 8)	$		2,848,996			$		2,881,709
Gold ounces to be delivered (Note 9)			11,821,632						2,490,094
Current portion of the debentures (Note 12)			487,500						537,500
Liabilities related to intangible assets (Note 10)			-						230,237
Current portion of the long-term debt (Note 11)			36,179						-
Loans			22,880						20,492
Total current liabilities			15,217,187						6,160,032
NON-CURRENT LIABILITIES
Long-term debt (Note 11)			-						31,120
Debentures (Note 12)			1,579,543						1,625,066
Asset retirement obligation (Note 13)			175,266						175,266
Gold ounces to be delivered (Note 9)			-						8,191,262
Total non-current liabilities			1,754,809						10,022,714
TOTAL LIABILITIES	$		16,971,996			$		16,182,746
SHAREHOLDERS' DEFICIENCY
Share capital (Note 14)	$		49,194,834			$		49,194,834
Contributed surplus			13,427,562						12,868,119
Warrants (Note 14)			20,696						580,139
Equity component of the convertible debentures			289,021						289,021
Deficit		(	76,662,310	)			( 65,252,271	)
TOTAL SHAREHOLDERS' DEFICIENCY	(	13,730,197	)		(	2,320,158	)
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$		3,241,799			$		13,862,588

GOING CONCERN (Note 2)

The accompanying notes form an integral part of these interim financial statements.

3

G.E.T.T. Gold Inc

INTERIM STATEMENTS OF INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS)

(in Canadian dollars)

(Unaudited and not reviewed by the Company's independent auditors)

		3-month period			3-month period		9-month period			9-month period
		ended June 30,			ended June 30,		ended June 30,			ended June 30,
	2023			2022	2023			2022
EXPLORATION AND
EVALUATION EXPENSES
(Note 15)	366	(	171,148 )	1,635			810,218
RESEARCH AND
DEVELOPMENT EXPENSES
(Note 15)	62,949			22,195	240,875			76,116
GENERAL AND
ADMINISTRATIVE EXPENSES
(Note 15)	299,073			235,316	856,695			958,794
INTEREST ON DEBENTURES
AND DEBTS	83,898			84,764	261,536			224,695
OTHER EXPENSES (INCOME)
(Note 15)	10,244,028			91,105	10,049,298	(	15,858,443 )
TOTAL NET INCOME (LOSS)
AND COMPREHENSIVE INCOME
(LOSS)	$ ( 10,690,314 )	$ (	262,232 )	$ ( 11,410,039 )	$		13,788,620

NET (LOSS) INCOME PER

SHARE

Basic	$	(	0.0499	)	$	(	0.0012	)	$	(	0.0533	)	$	0.0644
Diluted	$	(	0.0499	)	$	(	0.0012	)	$	(	0.0533	)	$	0.0644
Weighted average number of		214,046,143			214,046,143			214,046,143			214,046,143
shares outstanding

The accompanying notes form an integral part of these interim financial statements.

4

G.E.T.T. Gold Inc

INTERIM STATEMENT OF CHANGES IN EQUITY (in Canadian dollars)

(Unaudited and not reviewed by the Company's independent auditors)

As at June 30, 2023 and 2022

												Equity
		Number of		Share capital		Contributed			Warrants			component of			Deficit			Total equity
		shares			surplus					the convertible
												debentures
BALANCE AS AT OCTOBER 1st, 2022	214,046,413	$	49,194,834	$	12,868,119	$		580,139	$	289,021	$	(65,252,271)	$	(	2,320,158 )
Warrants expired (Note 14)	-		-		559,443	(	559,443	)		-			-			-
Net income and comprehensive
income	-		-		-			-			-		(11,410,039 )		(11,410,039)
BALANCE AS AT JUNE 30, 2023	214,046,413	$	49,194,834	$	13,427,562	$		20,696	$	289,021	$	(76,662,310 )	$	(13,730,197 )
												Equity
		Number of		Share capital		Contributed			Warrants			component of			Deficit			Total equity
		shares			surplus					the convertible
												debentures
BALANCE AS AT OCTOBER 1st, 2021,	202,046,413	$	48,894,834	$	12,643,837	$		559,443	$	-	$	(78,378,511)	$	(16,280,397 )
RESTATED
Shares issued (Note 3 and Note 14)	12,000,000		300,000		-			20,696			-			-			320,696
Issuance costs (Note 14)	-		-		-			-			-		(	18,549 )		(	18,549 )
Stock-based compensation (Note 14)	-		-		224,282			-			-			-			224,282
Premium on debenture	-		-		-			-			289,021			-			289,021
Net income and comprehensive
income	-		-		-			-			-			13,788,620			13,788,620
BALANCE AS AT JUNE 30, 2022		214,046,413	$	49,194,834	$	12,868,119	$		580,139		$	289,021	$	(64,608,440 )	$	( 1,676,327 )

The accompanying notes form an integral part of these interim financial statements.