Silver Dollar Resources Inc.

Condensed Consolidated Interim Financial Statements

Expressed in Canadian Dollars

(Unaudited - Prepared by Management)

February 28, 2022

Notice of No Auditor Review

The accompanying unaudited condensed consolidated interim financial statements were prepared by management and approved by the Audit Committee and the Board of Directors.

The Company's independent auditors have not performed a review of these condensed consolidated interim financial statements in accordance with the standards established by the Chartered Professional Accountants of Canada for a review of interim financial statements by an entity's auditors.

2

Silver Dollar Resources Inc.

Condensed Consolidated Interim Statements of Financial Position

Expressed in Canadian Dollars

(Unaudited - Prepared by Management)

February 28 2022

August 31 2021

ASSETS

Current

Cash

Accounts receivable Prepaid expenses

$

9,066,671

$

10,267,287

111,864 4,196

266,641 490,897

9,445,176

10,762,380

Equipment

Exploration and evaluation assets (note 5)

7,941 7,535,357

6,025 6,631,909

  • $ 16,988,474

    • $ 17,400,314

    LIABILITIES

    Current

    Accounts payable and accrued liabilities

  • $ 188,236

$

40,933

SHAREHOLDERS' EQUITY

Share capital (note 6)

19,163,598 19,156,098

Share-based payment reserve (note 6)

2,709,352 3,178,055

Accumulated other comprehensive income (loss)

(1,342)

-

Deficit

(5,071,370)16,800,238

(4,974,772) 17,359,381

$

16,988,474

$

17,400,314

The accompanying Notes to the Condensed Consolidated Interim Financial Statements are an integral part of these financial statements

3

Silver Dollar Resources Inc.

Condensed Consolidated Interim Statements of Comprehensive Loss

Expressed in Canadian Dollars

(Unaudited - Prepared by Management)

Six month periods ended February 28, 2022 and 2021

For the Three Months

For the Six Months

Ended February 28

Ended February 28

2022 2021

2022

2021

Expenses

Consulting Depreciation

Foreign exchange loss (gain) Insurance

Interest and bank charges Listing and filing fees

Management and administration fees (note 7) Office

Professional fees

Share-based compensation (notes 6 and 7) Site investigation fees

Transfer agent Travel and promotion

$

104,590

$

147,337

394

441

306 -

4,809

4,562

530

846

37,440

11,042

23,000

21,000

7,561

3,310

16,786

41,988

  • - 2,976,821

$

181,126 882 (1,805)

$

258,676 612 -

9,695 9,174

1,132 2,017

45,529 21,384

44,000 40,000

8,679 6,739

31,640 61,567

- 6,729 136,713

- 9,128 187,006

- 3,301

2,976,821 -

8,645 15,033

281,975 329,089

Operating loss

Other income Interest income

(338,993)

(3,403,346)

(614,799)

(3,721,112)

21,142

26,385

49,498

47,275

Loss for the period

Other comprehensive income (loss)

Exchange difference on translating foreign operations

(317,851)

(3,376,961)

  • (565,301) (3,673,837)

964

-

(1,342)

-

Total comprehensive loss

$ $

(316,887) $

(3,376,961) $

(566,643) $

(3,673,837)

Loss per share - basic and diluted

Weighted average number of shares outstanding

(0.01) $ 41,868,348

(0.09) $ 39,290,984

(0.01) $ 41,857,734

(0.11) 34,673,837

The accompanying Notes to the Condensed Consolidated Interim Financial Statements are an integral part of these financial statements

4

Silver Dollar Resources Inc.

Condensed Consolidated Interim Statements of Changes in Shareholders' Equity

Expressed in Canadian Dollars

(Unaudited - Prepared by Management)

Six month periods ended February 28, 2022 and 2021

Accumulated OtherIssued Share Capital Number AmountShare-based Payment Reserve

Comprehensive Income (Loss)

Deficit

Total

Balances, August 31, 2020

Shares and warrants issued for cash

Shares issued upon exercise of options and warrants Share issuance costs

Share-based compensation Loss for the period

  • 26,982,620 $

  • 6,831,692 $

307,073

$

- $

(853,528)

$ 6,285,237

7,900,000 4,307,004 101,360 - -

11,060,000 689,735 (47,261)

- - - 11,060,000

(55,368)

- - - -- - -

634,367

- -

- 2,976,821 -

(3,673,837)

(47,261) 2,976,821 (3,673,837)

Balances, February 28, 2021

Shares and warrants issued for cash

Shares issued upon exercise of options and warrants Share-based compensation

Loss for the period

39,290,984

- 2,556,253 - -

18,534,166

- 621,932 - -

3,228,526

- (369,225) 318,754 -

-

- - - -

(4,527,365)

-

17,235,327 -

357,214 609,921

- 318,754

(804,621)

(804,621)

Balances, August 31, 2021

Shares issued upon exercise of options Transfer upon option expiration

Loss for the period

Exchange difference on translating foreign operations

41,847,237

19,156,098

3,178,055

-

(4,974,772)

17,359,381

50,000

7,500

(1,750) (466,953)

- - - (1,342)

1,750 466,953

7,500

-

-

-

-

-

- -(565,301) (565,301)

-

-

- (1,342)

Balances, February 28, 2022

41,897,237

$

19,163,598

$

2,709,352

$

(1,342)

$

(5,071,370)

$ 16,800,238

The accompanying Notes to the Condensed Consolidated Interim Financial Statements are an integral part of these financial statements

5

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Silver Dollar Resources Inc. published this content on 20 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 April 2022 23:24:09 UTC.