Tinka Resources : Interim F/S for 3 months ended Mar 31 2022

TINKA RESOURCES LIMITED

CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

FOR THE SIX MONTHS ENDED

MARCH 31, 2022

(Unaudited - Expressed in Canadian Dollars)

NOTICE OF NO AUDITOR REVIEW OF

CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

In accordance with National Instrument 51-102 Part 4, subsection 4.3(3)(a), if an auditor has not performed a review of these condensed consolidated interim financial statements they must be accompanied by a notice indicating that the condensed consolidated interim financial statements have not been reviewed by an auditor.

The accompanying unaudited condensed consolidated interim financial statements of the Company have been prepared by and are the responsibility of the Company's management.

The Company's 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 auditor.

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TINKA RESOURCES LIMITED

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

_____________________________________________________________________________________________

		March 31,		September 30,
	Note	2022	2021
		$	$
ASSETS
Current assets
Cash and cash equivalents		1,341,736	4,041,734
Restricted cash	4	7,497,600	7,644,600
GST receivable		14,484	17,044
Prepaid expenses		50,053		87,859
Total current assets		8,903,873	11,791,237
Non-current assets
Property, plant and equipment	5	43,878	49,273
Exploration and evaluation assets	6	56,820,401		55,266,993
Total non-current assets		56,864,279		55,316,266
TOTAL ASSETS		65,768,152	67,107,503
LIABILITIES
Current liabilities
Accounts payable and accrued liabilities		416,815		596,196
TOTAL LIABILITIES		416,815	596,196
SHAREHOLDERS' EQUITY
Share capital	7	93,478,232	93,478,232
Share-based payments reserve	7	7,176,618	7,176,618
Deficit		(35,303,513)	(34,143,543)
TOTAL SHAREHOLDERS' EQUITY		65,351,337		66,511,307
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY		65,768,152		67,107,503

Events after the Reporting Period - Note 12

These condensed consolidated interim financial statements were approved for issue by the Board of Directors on May 25, 2022 and are signed on its behalf by:

/s/ Graham Carman	/s/ Nick DeMare
Graham Carman		Nick DeMare
Director		Director

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

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TINKA RESOURCES LIMITED

CONDENSED CONSOLIDATED INTERIM STATEMENTS OF COMPREHENSIVE LOSS

(Unaudited - Expressed in Canadian Dollars)

______________________________________________________________________________________________________

		Three Months Ended		Six Months Ended
		March 31		March 31
	Note	2022	2021	2022	2021
		$	$	$	$
Expenses
Accounting and administration	8(b)(ii)	28,814	27,481	51,767	51,912
Audit		26,550	25,785	48,450	42,000
Corporate development		42,002	27,067	55,042	38,264
Depreciation		-	162	-	534
Directors and officers compensation	8	156,138	147,142	313,304	290,461
General exploration		269	9,971	8,908	28,809
Investment conferences		-	7,953	23,885	7,953
Investor relations		-	9,000	-	18,000
Legal		11,152	28,199	16,191	54,089
Office		28,062	62,096	56,612	81,259
Regulatory		37,113	27,797	55,262	32,717
Rent	8(b)(ii)	11,474	14,742	22,864	26,254
Salaries and benefits		53,288	81,625	128,231	133,946
Shareholder costs		6,214	6,140	9,463	10,472
Share-based compensation	7(d)	-	1,882	-	26,084
Transfer agent		2,212	2,556	3,295	3,378
Travel and related		27,572		-		28,304		-
		430,860		479,598		821,578		846,132
Loss before other items		(430,860)	(479,598)	(821,578)	(846,132)
Other items
Interest income		6,339	33,705	12,696	74,280
Foreign exchange		(275,509)		(121,342)		(351,088)		(663,622)
Net loss and comprehensive loss		(269,170)		(87,637)		(338,392)		(589,342)
	(700,030)		(567,235)		(1,159,970)		(1,435,474)
for the period
Loss per share - basic and diluted		$(0.00)	$(0.00)	$(0.00)	$(0.00)
Weighted average number of common
shares outstanding - basic and diluted		340,740,717		340,740,717		340,740,717		340,740,717

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

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TINKA RESOURCES LIMITED

CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY

(Unaudited - Expressed in Canadian Dollars)

______________________________________________________________________________________________________

			Six Months Ended March 31, 2022
	Share Capital
					Share-Based				Total
	Number of				Payments				Shareholders'
	Shares		Amount		Reserve		Deficit		Equity
		$	$	$	$
Balance at September 30, 2021	340,740,717	93,478,232	7,176,618	(34,143,543)	66,511,307
Net loss for the period	-		-		-		(1,159,970)		(1,159,970)
Balance at March 31, 2022	340,740,717		93,478,232		7,176,618	(35,303,513)		65,351,337
			Six Months Ended March 31, 2021
	Share Capital
					Share-Based				Total
	Number of				Payments				Shareholders'
	Shares		Amount		Reserve		Deficit		Equity
		$	$	$	$
Balance at September 30, 2020	340,740,717	93,478,232	7,136,533	(32,088,899)	68,525,866
Share-based compensation	-	-	26,084	-	26,084
Net loss for the period	-		-		-		(1,435,474)		(1,435,474)
Balance at March 31, 2021	340,740,717		93,478,232		7,162,617	(33,524,373)		67,116,476

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

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