Jade Leader : 2022 Annual Report

JADE LEADER CORP.

Annual Report

President's Message to Shareholders

Dear fellow Jade Leader shareholders and friends;

We are looking forward to 2022 being a transformative year as we have begun online marketing of our lead gem quality product, Wyoming harvested Sky Jade©, to the nephrite Jade carving, collector and gemstone community.

Ongoing test work on this fine material has been conducted to investigate its suitability not only in the carving space, a market largely dominated by Asian consumers, but also in the much larger and broader international fine jewelry market. Results have been encouraging especially responses to the bright, color matched, highly reflective stones most prized in the Jewelry community.

Numerous important milestones were reached over the last year, including early sales prior to the launch of our Jade e-commerce site. Prices realized by the Company for our Sky Jade© to date have ranged between US$0.25 per gram ($250 per kilo), to US$3.80 per gram ($3,800 per kilo). Continued sales will be the valuation driver for our materials, as there are no published reference valuation parameters for such gem Jades. With a much broader online reach and an ever-increasing audience, our next step is to increase product outreach and sales volume.

The supply side is at least as important as having begun our broader sales efforts. Our first pilot-scale bulk sampling program at the Sky Zone in the fall of 2021 returned over 230 kilos of Sky Jade©, including 183 kilos of fine gem quality Nephrite Jade, which continues to be processed, photographed, and inventoried for marketing purposes.

Based on independent third-party photogrammetry measurements of the excavation volume where we hand-harvested our Sky Jade©, the Sky Zone as identified at surface, has generated yields of 10.6 Kilos of Jade per tonne. Geologic mapping indicates the Sky Zone remains open along strike, width and depth, so realized value on this pilot-scale production will provide valuation metrics to allow initial assessment of the economic potential of expanding and developing the system to a formal mining proposition.

On the demand side, disruptions in the international commercial gem and minerals industry due to health, regulatory and shipping concerns have continued for more than 2 years and have driven consumers online in search of product. More importantly, supply disruptions in the broader Jade world stemming from political unrest and environmental and regulatory reforms resulted in effectively shutting down the largest Jade producing regions of the world, both for Jadeite (Hpakant, Myanmar) and Nephrite Jade (British Colombia, Canada).

There could not be a better time to launch a new gem quality product such as our Wyoming sourced Sky Jade© into the marketplace than now!

Our initial online outreach campaign through educational and promotional video materials posted through our Youtube channel has surpassed over 10,000 views within the first year with 9 videos posted so far. We have also been growing a significant community of followers on our Instagram channel, leading to multiple requests for materials and the building of an ever increasing awareness of Jade Leader's activities and products.

While our Sky Jade© marketing campaign has been our dominant focus for the latest period, research, evaluation and marketing work has continued on our Wyoming Ornamental Jades and our Washington color change Jade and Rhodonite. The Company continues to lead the way in geologic understanding of Jade formation mechanisms and has achieved exploration success on 5 other early exploration stage Wyoming Jade properties, where gem quality material has been identified.

Everyone involved in the exploration industry is familiar with timelines to discovery and production that can require decades and the deployment of enormous amounts of risk capital with few ultimate economic successes. Our exploration and pilot-scale bulk sampling efforts at the Sky Zone now puts us in a position to capitalize on our exploration products to generate revenue and see us emerge as a Jade producer in record time compared to the traditional exploration path.

For traditional explorers, exploration just costs. Our goal is to continue building the Company with exploration that pays trough marketing of our exploration products.

We look forward to bringing you further updates as your Company continues to achieve new milestones.

Sincerely;

Jean-Pierre Jutras, Bsc. Hons, P.Geol

President, Director

Jade Leader Corp.

Consolidated Financial Statements

(Expressed in Canadian Dollars) September 30, 2021

CONTENTS

	Page
Independent Auditor's Report	1
Consolidated Statements of Financial Position	4
Consolidated Statements of Loss and Comprehensive Loss	5
Consolidated Statements of Cash Flows	6
Consolidated Statements of Changes in Equity	7
Notes to the Consolidated Financial Statements	8