Gold Bull Resources : Financial Statements for the period ended September 30 2021

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Condensed Consolidated Interim Financial Statements of

GOLD BULL RESOURCES CORP.

Three months ended September 30, 2021 and 2020

Expressed in Canadian Dollars

(Unaudited - prepared by management)

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 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.

GOLD BULL RESOURCES CORP.

Condensed consolidated interim statements of financial position

Expressed in Canadian dollars

AS AT

			Sept. 30,		June 30,
	Note		2021		2021
ASSETS
Current assets		$	364,612
Cash		$	1,507,440
Amounts receivable			25,111		19,498
Prepaid expenses			621,649		788,455
Total current assets			1,011,372		2,315,393
Non-current assets			39,984
Cash held as collateral	5			39,984
Prepaid expenses - long term			111,304		47,449
Equipment	4			114,723
Reclamation bond	5		898,860		876,809
Exploration and evaluation assets	5		13,511,697		12,610,060
Total non-current assets			14,561,845		13,689,025
TOTAL ASSETS		$	15,573,217	$	16,004,418
LIABILITIES AND EQUITY
Current liabilities		$	86,370
Accounts payable	6	$	68,482
Accrued liability			20,000		20,000
Short term loan	5		42,250		42,250
Convertible debenture	6		-		-
Total liabilities			148,620		130,732
Equity			91,723,243
Share capital	7			91,723,243
Stock based compensation reserve	7		12,028,166		11,771,963
Debt discount reserve	7		38,050		38,050
Accumulated other comprehensive loss			(3,204,171)		(3,204,171)
Deficit			(85,160,691)		(84,455,399)
Total equity			15,424,597		15,873,686
TOTAL LIABILITIES AND EQUITY		$	15,573,217	$	16,004,418

Nature of operations and going concern (Note 1)

Proposed transactions and subsequent events (Note 10)

Approved and authorized for issuance on behalf of the Board of Directors on November 29, 2021:

"Vince Sorace"		"Craig Parry"
Director		Director

The accompanying notes are an integral part of these condensed consolidated interim financial statements.

GOLD BULL RESOURCES CORP.

Condensed consolidated interim statements of comprehensive loss Expressed in Canadian dollars

Note

For the three months ended

Sept. 30, 2021

Sept. 30, 2020

Expenses		1,513
Consulting fees	$	$	4,813
Depreciation	4	6,557		-
Director Fees	8	44,100		-
Foreign exchange		(20,024)		1,934
General and administrative		37,750		47,527
Interest expense		-		5,736
Insurance		9,792		2,397
Management fees	8	67,580		23,333
Marketing		280,186		24,149
Professional fees		21,635		48,956
Resource property expenses	6	-		71,744
Stock-based compensation	8	256,203		241,015
Total expenses		705,292		471,604
Net and comprehensive loss		(705,292)		(471,604)
Loss per share (basic and diluted)	$	(0.01)	$	(0.02)
Weighted average number of
common shares issued and		67,744,367
outstanding (basic and diluted)			29,300,884

The accompanying notes are an integral part of these condensed consolidated interim financial statements.

GOLD BULL RESOURCES CORP.

Condensed consolidated interim statements of changes in equity

Expressed in Canadian dollars

					Stock based		Debt	Accumulated
							other
	Note	Number of	Share capital	compensation	discount	comprehensive	Deficit		Total
	shares		reserve		reserve		income
As at June 30, 2020		29,264,652	$	74,812,055	$	9,843,494	$	38,050	$	(3,204,171)	$ (79,864,694)	$	1,624,734
Shares issued for cash -
exercise of stock options	7	100,000		71,000		(51,000)		-		-	-		20,000
Stock based compensation	7	-		-		241,015		-		-	-		241,015
Net and comprehensive loss
for the period		-		-		-		-		-	(471,604)		(471,604)
As at September 30, 2020		29,364,652	$	74,883,055	$	10,033,509	$	38,050	$	(3,204,171)	$ (80,336,298)	$	1,414,145
As at June 30, 2021		67,644,367	$	91,723,243	$	11,771,963	$	38,050	$	(3,204,171)	$ (84,455,399)	$	15,873,686
Stock based compensation	7	-		-		256,203		-		-	-		256,203
Net and comprehensive loss
for the period		-		-		-		-		-	(705,292)		(705,203)
As at September 30, 2021		67,644,367	$	91,723,243	$	12,028,166	$	38,050	$	(3,204,171)	$ (85,160,691)	$	15,424,597

The accompanying notes are an integral part of these condensed consolidated interim financial statements.