Romios Gold Resources : Financial Statements for the three and nine months ended March 31, 2022

ROMIOS GOLD RESOURCES INC.

CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS

For the three and nine months ended March 31, 2022 and 2021

(unaudited)

(Expressed in Canadian $)

Romios Gold Resources Inc.

(the "Company")

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

The accompanying unaudited condensed 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 financial statements.

DATED this 20th day of May, 2022.

ROMIOS GOLD RESOURCES INC.

Per: (signed) "Tom Drivas"

Name: Tom Drivas

Title: Chief Executive Officer

Per: (signed) "Frank van de Water"

Name: Frank van de Water

Title: Chief Financial Officer

Romios Gold Resources Inc.

Condensed Interim Consolidated Statements of Financial Position

(Unaudited)
(Expressed in Cdn $)
	March 31	June 30
As at	2022	2021
	$	$
Assets
Current
Cash and cash equivalents (note 4)	1,308,987	905,495
Accounts receivable	26,555	16,134
Marketable securities (note 5)	2,345,108	1,531,040
Prepaid expenses	65,772	16,277
Total current assets	3,746,422	2,468,946
Exploration and evaluation assets (note 6)
Acquisition costs, less property option proceeds	674,867	1,358,608
Right of use assets (note 7)	14,099	28,197
Total assets	4,435,388	3,855,751
Liabilities
Current
Accounts payable & accruals	53,063	61,538
Current portion of lease obligations (note 7)	19,130	20,714
Deferred flow-through share liability	-	140,373
Due to related parties (note 10)	983,513	907,735
Total current liabilities	1,055,706	1,130,360
Non-current liabilities
Lease obligations (note 7)	-	13,557
Total liabilities	1,055,706	1,143,917
Nature of operations and going concern (note 1)
Subsequent events (note 13)
Shareholders' equity
Share capital (note 8(a))	34,826,808	33,910,008
Warrants (note 8(c))	32,721	82,588
Contributed surplus (note 9)	5,316,233	5,108,637
Deficit	(36,796,080)	(36,389,398)
Total shareholders' equity	3,379,682	2,711,834
Total liabilities and shareholders' equity	4,435,388	3,855,751

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

APPROVED ON BEHALF OF THE BOARD on May 20, 2022.

"Signed"	"Signed"
Anastasios (Tom) Drivas	Frank van de Water

Romios Gold Resources Inc.

Condensed Interim Consolidated Statements of Changes in Equity

(Expressed in Cdn $) (Unaudited)

		Share		Contributed
		Capital	Warrants	Surplus	Deficit	Total
		$	$	$	$	$
	At June 30, 2020	33,012,471	-	5,108,637	(36,037,045)	2,084,063
	Flow-through units private
	placement, net	978,512	-	-	-	978,512
	Working capital units private
	placement	165,000	-	-	-	165,000
	Valuation of warrants issued	(82,588)	82,588	-	-	-
	Net income and
	comprehensive income for	-	-	-	(479,368)	(479,368)
	the period
	Share-based compensation	-	-	-		-
	At March 31, 2021	34,073,395	82,588	5,108,637	(36,516,413)	2,748,207
	Deferred flow-though share
	liability	(163,387)	-	-	-	(163,387)
	Net loss and comprehensive
	loss for the period	-	-	-	127,015	127,015
	At June 30, 2021	33,910,008	82,588	5,108,637	(36,389,398)	2,711,834
	Flow-through units private
	placement, net	694,521	-	-	-	694,521
	Working capital units private
	placement	240,000	-	-	-	240,000
	Valuation of warrants issued	(32,721)	32,721	-	-	-
	Adjustment of expired
	warrants	-	(82,588)	82,588	-	-
	Shares issued for Kinkaid
	property (note 8)	15,000	-	-	-	15,000
	Net loss and comprehensive
	loss for the period	-	-	-	(406,682)	(406,682)
	Share-based compensation	-	-	125,008	-	125,008
	At March 31, 2022	34,826,808	32,721	5,316,233	(36,796,080)	3,379,682

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

Romios Gold Resources Inc.

Condensed Interim Consolidated Statements of Income and Loss, and Comprehensive Income and Loss

(Expressed in Cdn $)
(Unaudited)
	For the three months ended	For the nine months ended
	March 31				March 31
	2022	2021		2022	2021
	$	$		$	$
Expenses
Operating activities
Exploration expenses (note 6)	188,516	54,717		1,259,210	199,161
Less: refund received (note 6)	(3,597)	-		(60,144)	-
Net exploration expenses	184,919	54,717		1,199,066	199,161
Remaining acquisition cost of properties	660,344	-		665,427	-
transferred out (note 6)
Amortization of right of use assets (note 7)	4,699	4,699		14,098	14,098
General and administrative activities:

Professional fees	40,250	23,956
Management fees and salaries	78,563	46,538
Office and general	13,930	13,570
Shareholder communication	29,292	18,719
Share-based compensation	7,843	-
General and administrative expenses	169,876	102,783
Loss for the period before the following	1,019,838	162,199
Excess of option proceeds over acquisition	(1,218,074)	-
cost (note 5 and 6)
Unrealized (gain)/loss on marketable	2,953	116,843
securities (note 5)
Realized (gain)/loss on marketable securities	59,019	-
(note 5)
Interest on lease obligations (note 7)	568	1,051
Deferred income tax	(140,373)	-
Interest income	(307)	(292)
Net (income)/loss and comprehensive	(276,376)	279,801
(income)/loss for the period
Basic and diluted loss per share	0.00	0.00
Weighted average number of shares outstanding	236,673,000	217,736,000

90,914 72,083

194,725 153,413

39,870 24,810

70,179 40,301

125,008-

520,696 290,607

2,399,287 503,866

(1,874,036)-

(68,074) (1,450)

90,981 (25,925)

2,079 3,473

(140,373)-

(3,182) (596)

406,682 479,368

0.00 0.00

226,347,000 206,252,000

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