Gold Port : Interim Financial Statements

GOLD PORT CORPORATION

(Unaudited)

Condensed Interim Consolidated Financial Statements

For the three months ended March 31, 2022

Expressed in Canadian Dollars

NOTICE OF NO AUDITOR REVIEW OF THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS

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

GOLD PORT CORPORATION

CONDENSED INTERIM CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Expressed in Canadian Dollars)

(Unaudited)

			March 31,	December 31,
	Notes		2022		2021
ASSETS
Current assets
Cash		$	3,734,601	$	4,300,011
Receivables	4		47,057		41,588
Marketable securities	5		1,132,909		1,152,909
			4,914,567		5,494,508
Deposit on equipment	6		343,863		151,740
Evaluation and exploration assets	6		629,335		629,335
TOTAL ASSETS		$	5,887,765	$	6,275,583
LIABILITIES
Current liabilities
Accounts payable and accrued liabilities		$	214,680	$	205,155
TOTAL LIABILITIES			214,680		205,155
SHAREHOLDERS' EQUITY
Share capital	7		7,272,920		7,272,920
Reserves	7		1,598,995		1,598,995
Retained earnings			(3,198,830)		(2,801,487)
TOTAL SHAREHOLDERS' EQUITY			5,673,085		6,070,428
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY		$	5,887,765	$	6,275,583

Nature and continuance of operations (Note 1)

Approved and authorized by the Board on June 8, 2022
"Adrian Hobkirk"	Director	"Christopher Cherry"	Director

See accompanying notes to the condensed interim consolidated financial statements

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GOLD PORT CORPORATION

CONDENSED INTERIM CONSOLIDATED STATEMENTS OF INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS)

(Expressed in Canadian Dollars‐unaudited)

				For the three months ended March 31
				2022		2021
Expenses
Business development		$	47,250	$	‐
Consulting fees				30,000		501,600
Director fees	8			9,525		9,696
Exploration costs	7			106,169		32,655
Management fees	8			38,983		39,172
Marketing, advertising and promotion				58,106		‐
Office expense				29,805		12,395
Professional fees	8			49,230		42,115
Share‐based payments				‐		664,946
Transfer agent and filing fees				8,275		8,441
				(377,343)		(1,311,020)
Other items
Unrealized gain (loss) on Investment	5			(20,000)		873,944
				(20,000)		873,944
Net income (loss) and comprehensive
income (loss) for the period		$	(397,343)	$	(437,076)
(Loss) Income per share - basic and
diluted		$	(0.01)	$	0.01
Weighted average number of common				48,631,065		48,443,816
shares outstanding

See accompanying notes to the condensed interim consolidated financial statements

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GOLD PORT CORPORATION

CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (DEFICIENCY) (Expressed in Canadian Dollars)

	Share capital
							Retained
	Number of				Reserves		Earnings
Notes	shares		Amount			(Deficit)		Total
Balance at December 31, 2020	48,290,613	$	7,218,448	$	934,049	$	(198,241)	$	7,954,256
Comprehensive loss for period	‐		‐		‐		(437,076)		(437,076)
Shares issued on exercise of warrants	340,452		54,472		‐	‐			54,472
Share‐based payments	‐		‐		664,946	‐			664,946
Balance at March 31, 2021	48,631,065	$	7,272,920	$	1,598,995	$	(635,317)	$	8,236,598
Balance at December 31, 2021	48,631,065	$	7,272,920	$	1,598,995	$	(2,801,487)	$	6,070,428
Comprehensive loss for period							(397,343)		(397,343)
Balance at March 31, 2022	48,631,065	$	7,272,920	$	1,598,995	$	(3,198,830)	$	5,673,085

See accompanying notes to the condensed interim consolidated financial statements

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