Rokmaster Resources : Financial Statements

ROKMASTER RESOURCES CORP.

INTERIM CONSOLIDATED FINANCIAL STATEMENTS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

(Unaudited - Prepared by Management)

(Stated in Canadian Dollars Unless Noted Otherwise)

Rokmaster Resources Corp.

Interim Consolidated Statements of Financial Position

(Unaudited - Prepared by Management)

(Stated in Canadian Dollars Unless Noted Otherwise)

				As at			As at
ASSETS			June 30, 2023	December 31, 2022
Current assets:
Cash		$	146,744	$	33,180
Amounts receivable (Note 5)			48,162			214,467
Prepaids and deposits			4,500			161,802
				199,406			409,449
Non-current assets:
Reclamation bond (Note 6)			64,750			64,750
Mineral interests (Note 7a)			6,603,891			6,103,891
Total Assets		$	6,868,047	$	6,578,090
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable and accrued liabilities (Note 10)	$	1,322,973	$	1,038,316
Total Liabilities			1,322,973			1,038,316
SHAREHOLDERS' EQUITY
Share capital (Note 9)			22,819,563			21,718,497
Share-based payments reserve			13,450,747			13,283,373
Accumulated deficit			(30,725,236)			(29,462,096)
Total Shareholders' Equity			5,545,074			5,539,774
Total Liabilities and Shareholders' Equity	$	6,868,047	$	6,578,090
Nature of Operations and Going Concern (Note 1)
Contingency (Note 13)
Events After the Reporting Period (Note 15)
ON BEHALF OF THE BOARD:
"John Mirko"	, Director	"Michael Cowin"		, Director
	- See Accompanying Notes to the Interim Consolidated Financial Statements -

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Rokmaster Resources Corp.

Interim Consolidated Statements of Loss and Comprehensive Loss

(Unaudited - Prepared by Management)

(Stated in Canadian Dollars Unless Noted Otherwise)

		For the three		For the three		For the six		For the six
		months ended		months ended		months ended		months ended
		June 30, 2023		June 30, 2022		June 30, 2023		June 30, 2022
Expenses
Consulting fees (Note 10)	$	117,540	$	138,590	$	237,960	$	260,770
Corporate listing and filings fees		7,328		17,557		21,553		22,914
Exploration and evaluation expenditures (Note 7b)		824,382		1,538,644		874,933		2,416,658
Office and general		11,559		14,848		30,084		27,735
Professional fees		8,084		29,261		20,170		46,097
Rent		8,100		8,100		16,200		16,200
Share-based compensation (Notes 9g and 10)		-		674,717		-		674,717
Travel, public and shareholder relations and conferences		46,074		61,997		130,422		101,963
Loss From Operations		(1,023,067)		(2,483,714)		(1,331,622)		(3,567,054)
Other Income
Premium on flow-through shares (Note 9b)		68,182		-		68,182		-
Net Loss and Comprehensive Loss for the Period	$	(954,885)	$	(2,483,714)	$	(1,263,140)	$	(3,567,054)
Basic Loss per Common Share	$	(0.01)	$	(0.02)	$	(0.01)	$	(0.03)
Weighted Average Number of Common Shares Outstanding		153,040,678		129,330,890		149,448,916		124,968,142

- See Accompanying Notes to the Interim Consolidated Financial Statements -

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Rokmaster Resources Corp.

Interim Consolidated Statements of Cash Flows

(Unaudited - Prepared by Management)

(Stated in Canadian Dollars Unless Noted Otherwise)

			For the		For the
		six months ended		six months ended
			June 30, 2023		June 30, 2022
	Operating Activities
	Net loss for the period	$	(1,263,140)	$	(3,567,054)
	Items not affected by cash:
	Share-based compensation		-		674,717
	Premium on flow-through shares		(68,182)		-
	Changes in non-cash working capital:
	Amounts receivable		166,305		(1,514)
	Prepaids and deposits		157,302		10,839
	Accounts payable and accrued liabilities		284,657		284
	Cash used in operating activities		(723,058)		(2,882,728)
	Investing Activities
	Acquisition of mineral interests		-		(4,000,000)
	Cash used in investing activities		-		(4,000,000)
	Financing Activities
	Proceeds from share issuance		900,000		4,000,000
	Share issue costs		(63,378)		(249,968)
	Proceeds from exercise of options		-		5,000
	Cash provided by financing activities		836,622		3,755,032
	Net Increase (Decrease) in Cash		113,564		(3,127,696)
	Cash - Beginning of the Period		33,180		4,656,633
	Cash - End of the Period	$	146,744	$	1,528,937
	Supplemental Schedule of Non-Cash Investing and Financing Activities
	Fair value of warrants in connection with financing	$	152,677	$	1,210,315
	Fair value of finder's warrants in connection with financing	$	14,697	$	99,552
	Shares issued for mineral interests (Notes 7c and 7d)	$	500,000	$	117,391

- See Accompanying Notes to the Interim Consolidated Financial Statements -

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Rokmaster Resources Corp.

Interim Consolidated Statements of Shareholders' Equity

(Unaudited - Prepared by Management)

(Stated in Canadian Dollars Unless Noted Otherwise)

	Share Capital
					Share-Based		Accumulated
	# of Shares		Amount	Payments Reserve		Deficit		Total
Balance at December 31, 2021	112,856,619	$	18,159,747	$	11,143,458	$	(23,690,803)	$	5,612,402
Shares issued for cash	16,000,000		4,000,000		-		-		4,000,000
Share issue costs	-		(349,520)		99,552		-		(249,968)
Shares issued from exercise of options	50,000		8,986		(3,986)		-		5,000
Shares issued for mineral properties	521,739		117,391		-		-		117,391
Fair value of warrants issued from financing	-		(1,210,315)		1,210,315		-		-
Fair value of share-based compensation	-		-		674,717		-		674,717
Net loss for the period	-		-		-		(3,567,054)		(3,567,054)
Balance at June 30, 2022	129,428,358	$	20,726,289	$	13,124,056	$	(27,257,857)	$	6,592,488
Balance at December 31, 2022	139,695,023	$	21,718,497	$	13,283,373	$	(29,462,096)	$	5,539,774
Shares issued for cash	8,545,455		900,000		-		-		900,000
Share issue costs	-		(78,075)		14,697		-		(63,378)
Shares issued for mineral properties	5,000,000		500,000		-		-		500,000
Fair value of warrants issued from financing	-		(152,677)		152,677		-		-
Flow-through premium	-		(68,182)		-		-		(68,182)
Net loss for the period	-		-		-		(1,263,140)		(1,263,140)
Balance at June 30, 2023	153,240,478	$	22,819,563	$	13,450,747	$	(30,725,236)	$	5,545,074

- See Accompanying Notes to the Interim Consolidated Financial Statements -

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