Leocor Gold : Interim Financial Statements at April 30, 2022.

LEOCOR GOLD INC.

(formerly Leocor Ventures Inc.)

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE AND SIX MONTHS ENDED APRIL 30, 2022 AND 2021

Expressed in Canadian Dollars

NOTICE OF NO AUDITOR REVIEW OF INTERIM CONSOLIDATED 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 consolidated financial statements, they must be accompanied by a notice indicating that the interim consolidated financial statements have not been reviewed by an auditor.

The accompanying unaudited interim consolidated 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 interim consolidated financial statements in accordance with standards established by the Canadian Institute of Chartered Professional Accountants for a review of interim consolidated financial statements by an entity's auditor.

LEOCOR GOLD INC.

(formerly Leocor Ventures Inc.)

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

Expressed in Canadian Dollars

	April 30, 2022	October 31, 2021
	$	$
ASSETS
Current
Cash	7,333,507	9,180,858
Receivable	281,776	147,708
Prepaid expenses	58,424	33,906
	7,673,707	9,362,472
Exploration and evaluation assets (Note 5)	6,877,162	5,854,912
	14,550,869	15,217,384
LIABILITIES AND EQUITY
Current
Accounts payable and accrued liabilities	21,847	409,880
Flow through share premium liability (Note 6)	46,652	225,046
	68,499	634,926
Equity
Share capital (note 7)	16,796,574	16,515,472
Share-based payment reserve	1,746,920	1,746,920
Deficit	(4,061,124)	(3,679,934)
	14,482,370	14,582,458
	14,550,869	15,217,384

Nature and continuance of operations (Note 1)

Commitments (Note 10)

Subsequent event (Note 11)

Approved and authorized for issue on behalf of the Board on June 21, 2022:

Ob behalf of the Board:
"Alex Klenman"	"Alexander Stares"
Director	Director

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

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LEOCOR GOLD INC.

(formerly Leocor Ventures Inc.)

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS

Expressed in Canadian Dollars

	Six months ended	Three months ended
	April 30,	April 30,
	2022	2021	2022	2021
	$	$	$	$
EXPENSES
Audit fee	44,850	14,850	47,000	10,250
Consulting (Note 7)	175,995	30,000	70,000	15,000
Filing fee	28,401	30,980	15,379	14,648
Foreign exchange	1,156	232	948	2
Geological consulting	13,100	-	-	-
Investor relations	4,063	1,063	1,063	3,450
Legal fees	4,740	34,570	1,728	10,683
Marketing	99,087	7,500	84,712	7,500
Office and administration (Note 7)	66,791	35,255	33,277	17,579
Share based compensation (Note 7)	121,401	-	121,401	-
Operating expenses	559,584	162,385	375,508	79,112
OTHER ITEMS
Flow-through shares tax recovery (Note	178,394	-	3,167	-
6)
Loss on acquisition of subsidiary	-	2,326,036	-	-

Net loss	381,190	2,488,421	372,341	79,112
Basic and diluted loss per share	0.09	0.09	0.00	0.00
Weighted average number of common	54,088,736	27,883,826	54,244,069	29,793,685
shares outstanding

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

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LEOCOR GOLD INC.

(formerly Leocor Ventures Inc.)

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

Expressed in Canadian Dollars

	Number of		Share-based
	common	Share	payment		Total
	shares	capital	reserve	Deficit	equity
		$	$	$	$
Balance, October 31, 2020	24,284,614	3,077,613	534,953	(1,234,102)	2,378,464
Shares issued for acquisition of subsidiary	4,750,001	2,375,000	-	-	2,375,000
Shares issued for exploration and evaluation assets	2,633,333	1,316,667	-	-	1,316,667
Shares issued on exercise of warrants	11,550	1,754	(598)	-	1,156
Comprehensive loss for the period	-	-	-	(2,488,421)	(2,488,421)
Balance, April 30, 2021	31,679,498	6,771,034	534,355	(3,722,523)	3,582,866
Balance, October 31, 2021	53,878,069	16,515,472	1,746,920	(3,679,934)	14,582,458
Shares issued on exercise of options	366,000	281,102	(121,402)	-	159,700
Share based compensation	-	-	121,402	-	121,402
Comprehensive loss for the period	-	-	-	(381,190)	(381,190)
Balance, April 30, 2022	54,244,069	16,796,574	1,746,920	(4,061,124)	14,482,370

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

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