Medinah Minerals : Amended 2021 Annual Financial Statements and Footnotes Combined

Medinah Minerals Unaudited Balance Sheet As of:

ASSETS

CURRENT ASSETS

Cash in Bank Prepaid Expenses

TOTAL CURRENT ASSETS

OTHER ASSETS - INVESTMENTS

AURYN Mining

Other Investments

TOTAL OTHER ASSETS - INVESTMENTS

TOTAL ASSETS

LIABILITIES AND CAPITAL

CURRENT LIABILITIES

Accounts Payable Payroll Taxes Payable

TOTAL CURRENT LIABILITIESLONG-TERM DEBT

Note Payable - AURYN Holding Loans from Stockholders

TOTAL LONG-TERM DEBT

TOTAL LIABILITIES

CAPITAL

Common Stock - Par Value $.001

Authorized Shares - 3,000,000,000 Issued - 2,882,282,073 at 12/31/2021 and 12/31/2020

Preferred Stock - Par Value $.001

Authorized Shares - 100,000,000 Additional Paid-In-Capital

Retained Deficit

TOTAL CAPITAL

TOTAL LIABILITIES AND CAPITAL

December 31, 2021

December 31, 2020

Medinah Minerals

Unaudited Statement of Income and ExpenseSales

Operating Expenses

Director Fees

Travel

Legal and Professional

Trust and Transfer

Management Fees

Salaries and Wages

Accounting

Rents

Office

News Services

Repairs and Maintenance

Telephone

Computer Repairs

Taxes and Licenses

Postage

Automobile

General Meeting

Bank Charges

Total Operating Expenses

Net (Loss) from Operations

Legal Settlement

Gain (Loss) on Investments

Net Income (Loss)Beginning Retained (Deficit)

Prior Period Adjustments:

Change of Accounting Principal Prior Period Adjustments - Other Adjusted Beginning Retained (Deficit)

Ending Retained (Deficit)

For the Year	For the Year
Ending:	Ending:
December 31, 2021	December 31, 2020

Unaudited Statement of Cash FlowCash Flows From Operations

Net Income

Adjustments to Reconcile with Net Cash

Expenses Paid with Stock

(Gain) Loss in Market Value of Investments Accounts Receivable

Legal Settlement Prepaid Expenses

Accounts and Payroll Taxes Payable

Net Adjustments to Income

Total Cash Flows From Operations

Cash Flow from Investing Activities

Cash Payment for Investments Purchase of Property and Equipment Cash Invested in Mining Properties

Total Cash Flows from Investing Activities

Cash Flow from Financing Activities

Advances of Stockholder Loans

Sale of Preferred Stock

Total Cash Flows from Financing Activities

Total Cash Flows

Cash Balance at the Beginning of the Period

Cash Balance at the End of the Period

For the Year

Ending: December 31, 2021

For the Year

Ending: December 31, 2020

Unaudited Statement of Shareholders' Equity As of December 31, 2021

Common StockAdditional Paid-

In-CapitalAccumulated

Deficit

TotalBalance December 31, 2019

Net Loss

Common Stock Issued

Additional Paid-In-Capital

Balance December 31, 2020

Net Income

Common Stock Issued

Additional Paid-In-Capital

Balance December 31, 2021

MEDINAH MINERALS, INC.

NOTES TO UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDING DECEMBER 31, 2021

Note 1 - Business and History

The Company was incorporated October 6, 1989 under the laws of the State of Nevada as Medinah Energy, Inc. In 2001, it changed its name to Medinah Mining, Inc. and in 2008, to Medinah Minerals, Inc. (Medinah). The Company was previously in the business of acquiring, exploring and developing mining properties. On May 16, 2016, Medinah completed an agreement for the sale of substantially all its mining properties to AURYN Mining Chile SpA (AURYN) in exchange for 25,000,000 shares of AURYN. Medinah has ceased its mining operations and is essentially a company holding stock in private or public companies.

In 2018, AURYN mining entered into an agreement with Cerro Dorado, Inc. (CDCH) in which 95% of AURYN Mining's assets were transferred to CDCH in exchange for 6,650,000,000 shares of CDCH Stock. After this transaction, Medinah Minerals owned 24.848% of the AURYN Mining.

In August 2018, Cerro Dorado, Inc. announced a 100-to-1 reverse split, a name change and symbol change. For a twenty-day period beginning August 14, 2018, AURYN traded with the ticker symbol CDCHD, after which time they began trading under the ticker AUMC. With the implantation of the 100-to-1 reverse split, AURYN mining has 70,000,000 common shares authorized and issued, and 5,000 preferred shares authorized and issued. With the reverse stock split, Medinah's investment in AUMC through its ownership in AURYN decreased from 1,652,420,000 shares to 16,524,200 shares.

In December 2018, a contract was finalized between AURYN and Hochschild Mining PLC after Hochschild completed its due diligence on the Las Dos Marias project ("LDM"). Hochschild has an option to invest US $7,000,000 into the LDM project over a 5-year period to earn a 51% joint venture interest in the LDM properties. An option to invest an additional US $23,000,000 is available to Hochschild to gain an additional 9% interest. If all US $30,000,000 is invested, Hochschild will own 60% of the LDM project with AURYN holding the remaining 40% as a joint venture partner. Hochschild performed various field works and an IP Geophysical survey. Hochschild did not perform any drilling however recommended that AUMC should undertake a 3-hole exploration drill program in order to evaluate the potential or lack thereof of mineralization.

AUMC is exploring opportunities to raise funds to complete this drilling program, in the way of private financing, equity, share issuance or rights offering.

Note 2 - Accounting Policies

•  The Company uses the accrual accounting method as required by Generally Accepted Accounting Principles.

•  The Company has no depreciable assets, so there is no depreciation or depreciation policy.

•  The Company considers that "cash and cash equivalents" is composed of cash on hand, demand deposits, and time deposits with less than ninety days to maturity.

•  The Company has significant operating loss carry-forwards available to apply against future taxable earnings. However, there is no deferred tax asset because any future benefit is considered to be impaired by the Company's history of unprofitability.