CURRIE ROSE RESOURCES INC.

(An Exploration Stage Enterprise)

INTERIM CONDENSED CONSOLIDATED

FINANCIAL STATEMENTS

FOR THE THREE AND NINE MONTHS ENDED

SEPTEMBER 30, 2022, AND 2021

(expressed in Canadian dollars)

MANAGEMENT'S RESPONSIBILITY FOR UNAUDITED

CONDENSED INTERIM FINANCIAL REPORTING

The accompanying unaudited condensed interim consolidated financial statements of Currie Rose Resources Inc. ("Currie Rose" or the "Company") as at and for the three and nine months ended September 30, 2022 (the "September 2022 Financial Statements") are the responsibility of the management and Board of Directors of the Company.

The September 2022 Financial Statements have been prepared by management, on behalf of the Board of Directors, in accordance with the accounting policies disclosed in Note 3 to the Company's audited annual consolidated financial statements as at and for the year ended December 31, 2021. In preparing the September 2022 Financial Statements, management has made informed judgments and estimates in accounting for transactions which were not complete at the date of the statement of financial position. In the opinion of management, the September 2022 Financial Statements of the Company have been prepared within acceptable limits of materiality and are in compliance with International Accounting Standard 34, "Interim Financial Reporting".

Management has established processes which are in place to provide it with sufficient knowledge to support management representations that it has exercised reasonable diligence that (i) the September 2022 Financial Statements do not contain any untrue statement of material fact or omit to state a material fact required to be stated, or that is necessary to make a statement not misleading in light of the circumstances under which it is made, as at the date of, and for the periods presented by, the September 2022 Financial Statements; and (ii) the September 2022 Financial Statements fairly present in all material respects the financial condition, results of operations and cash flows of the Company, as at the date of and for the periods presented by the September 2022 Financial Statements.

The Board of Directors is responsible for reviewing and approving the September 2022 Financial Statements, together with other financial information of the Company and for ensuring that management fulfills its financial reporting responsibility.

Management recognizes its responsibility for conducting the Company's affairs in compliance with established financial standards, and applicable laws and regulations, and for maintaining proper standards of conduct for its activities.

"Michael Griffiths"

"David Bhumgara"

Michael Griffiths

David Bhumgara

Chief Executive Officer

Chief Financial Officer

November 24, 2022

NOTICE TO READER

The September 2022 Financial Statements have been prepared by and are the responsibility of management. These financial statements have not been reviewed by the Company's independent external auditor.

CURRIE ROSE RESOURCES INC.

(An Exploration Stage Enterprise)

INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

AS AT SEPTEMBER 30, 2022, AND DECEMBER 31, 2021

(Unaudited - Prepared by Management)

(Expressed in Canadian dollars)

Note

2022

2021

ASSETS

Current Assets

Cash

6

$

249,270

$

65,886

Accounts receivable

14,266

10,272

Prepaid expenses

39,393

5,029

Marketable securities

7

26,500

79,500

329,429

160,687

Non-current Assets

Resource properties

5,8

941,157

2

Total Assets

$

1,270,586

$

160,689

LIABILITIES

Current Liabilities

Accounts payable and accrued liabilities

9,13

$

279,870

$

465,822

279,870

465,822

SHAREHOLDERS' EQUITY

Share capital

10

18,202,110

16,963,103

Contributed surplus

1,516,555

1,449,480

Warrants reserve

11

437,573

-

Share based payments reserve

12

119,801

186,876

Accumulated deficit

(19,309,949)

(18,929,218)

Accumulated other comprehensive income

24,626

24,626

Total Shareholders' Equity/(Deficit)

990,716

(305,133)

Total Liabilities and Shareholders' Equity

$

1,270,586

$

160,689

Nature of operations and going concern (Note 1 and Note 2)

Commitments and contractual obligations (Note 14)

Subsequent events (Note 18)

Approved on behalf of the Board:

"Michael Griffiths"Director

"Stephen Coates"Director

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

Page 1

CURRIE ROSE RESOURCES INC.

(An Exploration Stage Enterprise)

INTERIM CONDENSED CONSOLIDATED STATEMENTS OF NET LOSS ANDCOMPREHENSIVE LOSS

FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2022, AND 2021

(Unaudited - Prepared by Management)

(Expressed in Canadian dollars)

Three months ended

Nine months ended

September 30,

September 30,

Note

2022

2021

2022

2021

Expenses

Management fees

13

28,000

48,000

124,000

144,000

Listing fees and shareholder information

39,351

2,599

130,336

18,084

Professional fees

16,824

7,597

52,657

18,899

General and administration

13,949

3,884

20,863

8,179

Total Expenses

(98,124)

(62,080)

(327,856)

(189,162)

Loss from operations before undernoted items

(98,124)

(62,080)

(327,856)

(189,162)

Write-off of Resource Projects

9

-

(763,029)

-

(1,464,879)

(Decrease)/Increase in fair value of marketable securities

7

(26,500)

26,235

(53,000)

(101,515)

Realized gain/(loss) on sale of marketable securities

7

-

(47,004)

125

(47,004)

Net loss for the period

(124,624)

(845,878)

(380,731)

(1,802,560)

Weighted average shares outstanding

83,936,848

48,149,686

70,905,257

43,944,975

- Basic and diluted

Loss per share - basic and diluted

$

(0.001)

$

(0.018)

$

(0.005)

$

(0.041)

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

Page 2

CURRIE ROSE RESOURCES INC.

(An Exploration Stage Enterprise)

INTERIM CONDENSED CONSOLIDATED

STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY

FOR THE PERIOD FROM JANUARY 1, 2021 TO SEPTEMBER 30, 2022

(Unaudited - Prepared by Management)

(Expressed in Canadian dollars)

Share Capital

Reserves

Accumulated

Other

Number of

Dollar

Contributed

Share based

Comprehensive

shares

amount

Surplus

Warrants

payments

Deficit

Income

Total

Balance, January 1, 2021

41,831,004

$ 16,358,373

$

1,441,480

$

8,000

$

186,876

$

(16,986,251)

$

24,626

$

1,033,104

Issuance of shares to Accelerate on debt conversion (Note 8)

8,333,334

500,000

-

-

-

-

-

500,000

Share issue costs - cash

-

(35,270)

-

-

-

-

-

(35,270)

Net loss and comprehensive loss for the period

-

-

-

-

-

(1,802,560)

-

(1,802,560)

Balance, September 30, 2021

50,164,338

16,823,103

1,441,480

8,000

186,876

(18,788,811)

24,626

(304,726)

Issuance of common shares on debt settlement (Note 13)

4,000,000

140,000

-

-

-

-

-

140,000

Expiry of warrants

-

-

8,000

(8,000)

-

-

-

-

Net loss and comprehensive loss for the period

-

-

-

-

-

(140,407)

-

(140,407)

Balance, December 31, 2021

54,164,338

16,963,103

1,449,480

-

186,876

(18,929,218)

24,626

(305,133)

Issuance of common shares on private placement (Note 10)

16,360,894

524,729

-

293,316

-

-

-

818,045

Issuance of shares on acquisition

25,000,000

750,000

-

136,404

-

-

-

886,404

Expiry of options

-

-

67,075

-

(67,075)

-

-

-

Share issue costs

-

(35,722)

-

7,853

-

-

-

(27,869)

Net loss for the period

-

-

-

-

-

(380,731)

-

(380,731)

Balance, September 30, 2022

95,525,232

$ 18,202,110

$

1,516,555

$

437,573

$

119,801

$

(19,309,949)

$

24,626

$

990,716

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

Page 3

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Currie Rose Resources Inc. published this content on 06 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 January 2023 21:23:13 UTC.