SEDAR Interim Financial Statements

Rockhaven Resources Ltd. Condensed Interim Financial Statements For the nine months ended September 30, 2025 Unaudited – prepared by Management (Expressed in Canadian Dollars) Rockhaven Resources Ltd. #510 – 1100 Melville Street Vancouver, British Columbia V6E 4A6 November 20, 2025 To the Shareholders of Rockhaven Resources Ltd. The attached condensed interim financial statements have been prepared by the management of Rockhaven Resources Ltd. and have not been reviewed by the auditor of the Company. Yours truly, Matthew A. Turner Chief Executive Officer Rockhaven Resources Ltd. Condensed Interim Statements of Financial Position Unaudited – Prepared by Management (Expressed in Canadian Dollars) As at September 30, 2025 and December 31, 2024 The accompanying notes are an integral part of these condensed interim financial statements. 2 September 30, December 31, 2025 2024 Note $ $ Assets Current assets Cash and cash equivalents 3 805,948 761,100 Receivables and prepayments 4 17,277 492,365 Marketable securities 5 60,867 30,433 884,092 1,283,898 Non-current assets Prepaid exploration expenditures 19,492 19,492 Mineral property interests 6 48,656,839 48,476,486 48,676,331 48,495,978 Total assets 49,560,423 49,779,876 Liabilities and shareholders' equity Current liabilities Accounts payable and accrued liabilities 16,731 36,134 Accounts payable to related parties 9 25,364 51,432 42,095 87,566 Non-current liabilities Deferred tax liability 10 3,560,269 3,607,243 Total liabilities 3,602,364 3,694,809 Shareholders' equity Share capital 7 58,558,036 58,558,036 Reserves 7 875,666 956,277 Deficit (13,475,643) (13,429,246) Total shareholders' equity 45,958,059 46,085,067 Total liabilities and shareholders' equity 49,560,423 49,779,876 Nature of operations and going concern 1 Commitment 13 Events after the reporting period 15 Approved on behalf of the Board of Directors on November 20, 2025: “Bradley Shisler” Director “Glenn R. Yeadon” Director Rockhaven Resources Ltd. Condensed Interim Statements of Changes in Shareholders’ Equity Unaudited – Prepared by Management (Expressed in Canadian Dollars) For the nine months ended September 30, 2025 and September 30, 2024 The accompanying notes are an integral part of these condensed interim financial statements. 3 Total Number Share shareholders' of shares capital Reserves Deficit equity # $ $ $ $ January 1, 2024 276,136,470 57,559,403 966,735 (13,211,715) 45,314,423 Re-allocated on expiry of finders' warrants - 11,590 (11,590) - - Share-based payments - - 1,132 - 1,132 Loss and comprehensive loss for the period - - - (117,406) (117,406) September 30, 2024 276,136,470 57,570,993 956,277 (13,329,121) 45,198,149 January 1, 2025 292,803,137 58,558,036 956,277 (13,429,246) 46,085,067 Re-allocated on expiry of options - - (293,061) 293,061 - Re-allocated on expiry of warrants - - (51,306) 51,306 - Share-based payments - - 263,756 - 263,756 Loss and comprehensive loss for the period - - - (390,764) (390,764) September 30, 2025 292,803,137 58,558,036 875,666 (13,475,643) 45,958,059 Rockhaven Resources Ltd. Condensed Interim Statements of Loss and Comprehensive loss Unaudited – Prepared by Management (Expressed in Canadian Dollars) For the three and nine months ended September 30, 2025 and September 30, 2024 The accompanying notes are an integral part of these condensed interim financial statements. 4 September 30, 2025 September 30, 2024 September 30, 2025 September 30, 2024 $ $ $ $ Expenses General and administr --- ative 5,284 2,864 10,980 4,911 Insurance 5,504 5,859 16,223 17,331 Investor relations and shareholder information 630 285 15,077 25,192 Management, administrative and corporate development salaries 9 16,535 23,127 77,268 68,500 Office rent 9 7,500 7,500 22,500 22,500 Professional fees 9 21,315 23,655 67,946 51,494 Share-based payments 7,9 207,058 - 263,756 1,132 Transfer agent and filing fees 8,652 3,704 15,437 13,490 Loss from operating expenses (272,478) (66,994) (489,187) (204,550) Interest income 5,288 4,850 21,015 21,398 Unrealized gain on marketable securities 5 27,667 5,533 30,434 16,600 Loss for the period before income taxes (239,523) (56,611) (437,738) (166,552) Deferred tax recovery 10 8,766 16,779 46,974 49,146 Loss and comprehensive loss for the period (230,757) (39,832) (390,764) (117,406) Loss per share Weighted average number of common shares outstanding - Basic # 8 292,803,137 276,136,470 292,803,137 276,136,470 - Diluted # 8 292,803,137 276,136,470 292,803,137 276,136,470 Basic loss per share $ 8 (0.00) (0.00) (0.00) (0.00) Diluted loss per share $ 8 (0.00) (0.00) (0.00) (0.00) Note Nine months ended Three months ended Rockhaven Resources Ltd. Condensed Interim Statements of Cash Flows Unaudited – Prepared by Management (Expressed in Canadian Dollars) For the nine months ended September 30, 2025 and September 30, 2024 The accompanying notes are an integral part of these condensed interim financial statements. 5 September 30, 2025 September 30, 2024 Note $ $ Operating activities Loss for the period (390,764) (117,406) Adjustments for: Share-based payments 263,756 1,132 Unrealized gain on marketable securities (30,434) (16,600) Interest income (21,015) (21,398) Deferred tax recovery (46,974) (49,146) Net change in non-cash working capital items 11 (30,977) 4,485 (256,408) (198,933) Financing activities Collection of subscriptions receivable 469,000 - Share issue costs (9,000) - 460,000 - Investing activities Interest received 21,015 21,398 Mineral property acquisition costs 6 - (1,446) Deferred exploration and evaluation expenditures (179,759) (457,612) (158,744) (437,660) Change in cash and cash equivalents 44,848 (636,593) Cash and cash equivalents, beginning of period 761,100 1,004,667 Cash and cash equivalents, end of period 805,948 368,074 Supplemental cash flow information 11 Rockhaven Resources Ltd. Notes to the Condensed Interim Financial Statements Unaudited – Prepared by Management (Expressed in Canadian Dollars) For the nine months ended September 30, 2025 and September 30, 2024 6 1. Nature of operations and going concern Rockhaven Resources Ltd. (the “Company” or “Rockhaven”) was incorporated under the laws of the Province of Alberta, Canada and has been continued as a Company under the laws of the Province of British Columbia, Canada. The Company’s head office and principal place of business is located at 510 - 1100 Melville Street, Vancouver, BC, V6E 4A6. Its records office is located at 1710 - 1177 West Hastings Street, Vancouver, British Columbia, Canada, V6E 2L3. Its main business activity is the exploration and evaluation of its mineral property interests (Klaza project) located in Canada. Its common shares trade on the TSX Venture Exchange (“TSX-V”). As at September 30, 2025, Strategic Metals Ltd. (“Strategic”) had a 28.0% interest in the Company (December 31, 2024 – 28.0%). The Company and Strategic have certain common directors and a common officer, and the large share position of Strategic in the Co --- mpany combined with the interests held by associated parties, gives it control of the Company. The Company’s principal business activity is the acquisition, exploration, and evaluation of mineral properties. The Company has been exploring its mineral property interests and has not yet determined whether they contain mineral reserves that are economically recoverable. The Company's continuing operations and the underlying value and recoverability of the amounts shown for mineral property interests are entirely dependent upon the existence of economically recoverable mineral reserves, the ability of the Company to obtain the necessary financing to complete the exploration and development of the mineral property interests, obtaining the necessary permits to mine, and on future profitable production or proceeds from the disposition or option of the mineral property interests. The carrying amounts of mineral properties are based on costs incurred to date, and do not necessarily represent present or future values. These condensed interim financial statements (the “financial statements”) are prepared on the basis that the Company will continue as a going concern, which assumes that the Company will be able to continue in operation for the foreseeable future and will be able to realize its assets and discharge its liabilities and commitments in the normal course of operations. As an exploration stage company, the Company does not have traditional sources of revenue and historically has relied on share capital financing to cover its operating expenses and exploration programs. As at September 30, 2025, the Company had working capital of $841,997 (December 31, 2024 – $1,196,332) and shareholders’ equity of $45,958,059 (December 31, 2024 - $46,085,067). Management has assessed that this working capital is sufficient for the Company to continue as a going concern beyond one year. If the going concern assumption were not appropriate for these financial statements, it could be necessary to remeasure the Company’s assets and liabilities on a liquidation basis, and such remeasurements could be material. 2. Material accounting policies (a) Basis of presentation These financial statements have been prepared in conformity with International Accounting Standard (“IAS”) 34, Interim Financial Reporting, using the same accounting policies as detailed in the Company‘s audited annual financial statements for the year ended December 31, 2024, and do not include all the information required for full annual financial statements in accordance with IFRS Accounting Standards (“IFRS”), as issued by the International Accounting Standards Board ("IASB") and the IFRS Interpretations Committee ("IFRIC"). It is suggested that these financial statements be read in conjunction with the audited annual financial statements. These financial statements have been prepared on an historical cost basis, except for financial instruments measured at fair value. In addition, these financial statements have been prepared using the accrual basis of accounting, except for cash flow information. All amounts on the financial statements are presented in Canadian dollars which is the functional currency of the Company. (b) Material accounting policies The accounting policies, estimates and critical judgments, methods of computation and presentation applied in these financial statements are consistent with those of the most recent audited annual financial statements and are those the Company e --- xpects to adopt in its financial statements for the year ended December 31, 2025. Accordingly, these financial statements should be read in conjunction with the Company’s most recent audited annual financial statements. Rockhaven Resources Ltd. Notes to the Condensed Interim Financial Statements Unaudited – Prepared by Management (Expressed in Canadian Dollars) For the nine months ended September 30, 2025 and September 30, 2024 7 2. Material accounting policies (continued) (c) New accounting policies Certain pronouncements have been issued by the IASB that were effective for the Company’s accounting period beginning on January 1, 2025. The adoption of these standards has not had a material impact on disclosures or amounts reported in these financial statements. (d) Recently issued but not yet effective accounting standards The Company has not yet adopted certain new standards, amendments and interpretations to existing standards as outlined below, which have been published but are only effective for future accounting periods. IFRS 18 Presentation and Disclosure in Financial Statements In April 2024, the IASB issued IFRS 18 Presentation and Disclosure in Financial Statements (“IFRS 18”). This standard aims to improve the consistency and clarity of financial statement presentation and disclosures by providing updated guidance on the structure and content of financial statements. Key changes include enhanced requirements for the presentation of financial performance, financial position, and cash flows, as well as additional disclosures to improve transparency and comparability. In addition, IFRS 18 requires entities to classify income and expenses into five categories, three of which are new – i.e. operating, investing and financing – and the income tax and discontinued operation categories. The new standard sets out detailed requirements for classifying income and expenses into each category. These amendments are effective for annual periods beginning on or after January 1, 2027. The Company is currently assessing the impact that the adoption of IFRS 18 will have on its financial statements. 3. Cash and cash equivalents Cash and cash equivalents consists of the following: September 30, December 31, 2025 2024 $ $ Bank balances 49,097 99,291 Cashable investment certificates 756,851 661,809 805,948 761,100 4. Receivables and prepayments Receivables and prepayments consist of the following: September 30, December 31, 2025 2024 $ $ Goods and services tax recoverable 5,966 3,589 Prepaid expenses 11,311 19,776 Subscriptions receivable - 469,000 17,277 492,365 Rockhaven Resources Ltd. Notes to the Condensed Interim Financial Statements Unaudited – Prepared by Management (Expressed in Canadian Dollars) For the nine months ended September 30, 2025 and September 30, 2024 8 5. Marketable securities Marketable securities consist of common shares as follows: Cost Fair value Gain $ $ $ January 1, 2024 2,132,934 33,200 Unrealized gain for the period - 16,600 16,600 September 30, 2024 2,132,934 49,800 16,600 January 1, 2025 2,132,934 30,433 Unrealized gain for the period - 30,434 30,434 September 30, 2025 2,132,934 60,867 30,434 The fair value of marketable securities is based on the bid price of the shares listed on the TSX-V at each period end. 6. Mineral property interests The Company’s mineral property interests consist of its wholly-owned Klaza project located in the Yukon Territory, Canada. Mineral property interests have been classified as intangib --- le assets. Changes in the project carrying amounts for the nine months ended September 30, 2025 and September 30, 2024, are summarized as follows: January 1, Acquisition and Exploration and September 30, 2025 assessments evaluation 2025 $ $ $ $ Klaza 48,476,486 - 180,353 48,656,839 January 1, Acquisition and Exploration and September 30, 2024 assessments evaluation 2024 $ $ $ $ Klaza 47,997,312 1,446 432,889 48,431,646 Exploration and evaluation expenditures on the Klaza project consisted of the following: 2025 2024 Nine months ended September 30, $ $ Assays and metallurgy 3,384 50,753 Supplies and equipment 3,977 - Field 56,062 4,838 Labour (note 9) 72,177 113,564 Resource and environmental studies 26,034 260,263 Surveys and consulting 12,752 3,471 Travel and accommodation 5,967 - 180,353 432,889 Rockhaven Resources Ltd. Notes to the Condensed Interim Financial Statements Unaudited – Prepared by Management (Expressed in Canadian Dollars) For the nine months ended September 30, 2025 and September 30, 2024 9 6. Mineral property interests (continued) Klaza project The Klaza project includes a 100% interest in the Klaza group of mineral claims which were acquired between 2009 and 2017 through staking, cash payments, and the issuance of common shares. Certain of the claims are subject to a 1.5% Net Smelter Return (“NSR”) royalty, and others are subject to a 1% NSR on precious metals and a 0.5% NSR on non-precious metals. There are various claims that are not subject to any underlying royalties. 7. Share capital The authorized share capital of the Company consists of unlimited common shares without par value and unlimited preferred shares without par value. All issued shares are fully paid. Transactions for the issue of share capital during the nine months ended September 30, 2025: • There were no transactions for the issue of share capital during the nine months ended September 30, 2025. Transactions for the issue of share capital during the nine months ended September 30, 2024: • There were no transactions for the issue of share capital during the nine months ended September 30, 2024. Equity Awards On August 11, 2025, the Company adopted an Omnibus Equity Incentive Plan (the “Equity Plan”) which supersedes a former incentive stock option plan. The Equity Plan provides for the grant of stock options, restricted share units (“RSUs”), deferred share units (“DSUs”), performance share units (“PSUs”) and other share-based awards subject to TSX-V approval. Under the Equity Plan, the maximum number of equity-based awards issued cannot exceed 10% of the Company’s currently issued and outstanding common shares. Additionally, RSUs are required to be settled by December 31 in the third year following the year of grant (“Expiry date”), whereas DSUs are settled once the award recipient retires or departs. Stock options In accordance with the Equity Plan, options granted under the Plan will have a maximum term of ten years. The exercise price of options granted under the Plan will not be less than the market price of the common shares (defined as the last closing market price of the Company’s common shares immediately preceding the issuance of a news release announcing the granting of the options, or the date of grant in respect of options granted to consultants), or such other price as may be agreed to by the Company and accepted by the TSX-V. Vesting terms are determined by the Board of Directors on the date of grant. A summary of the Company’s stock o --- ptions as at September 30, 2025 and December 31, 2024, and changes during the period/year then ended is as follows: Weighted average Weighted average Options exercise price Options exercise price # $ # $ Options outstanding, beginning of period/year 18,255,000 0.13 18,255,000 0.13 Granted 8,425,000 0.07 - - Expired (4,525,000) 0.15 - - Options outstanding, end of period/year 22,155,000 0.10 18,255,000 0.13 September 30, 2025 December 31, 2024 Period ended Year ended Subsequent to September 30, 2025, 500,000 stock options were granted to a consultant of the Company which are exercisable at $0.14 each, vesting quarterly over one year and with a term of five years (note 15). Rockhaven Resources Ltd. Notes to the Condensed Interim Financial Statements Unaudited – Prepared by Management (Expressed in Canadian Dollars) For the nine months ended September 30, 2025 and September 30, 2024 10 7. Share capital (continued) Stock options (continued) As at September 30, 2025, the Company has stock options outstanding and exercisable as follows: Options Options Exercise Weighted average outstanding exercisable price Expiry date remaining life # # $ (years) 4,400,000 4,400,000 0.15 August 18, 2026 0.88 500,000 500,000 0.15 March 24, 2027 1.48 8,080,000 8,080,000 0.10 October 20, 2027 2.05 750,000 750,000 0.10 February 13, 2028 2.37 8,425,000 - 0.07 June 3, 2030 4.68 22,155,000 13,730,000 0.10 2.82 The total share-based payment expense for the nine months ended September 30, 2025, was $263,756 (2024 - $1,132) which represents stock options vested during the period. During the nine months ended September 30, 2025, 8,425,000 stock options were granted to Officers, Directors, related company employees, and consultants exercisable at $0.07 each until June 3, 2030. Fair value was calculated using the following assumptions: expected life of options – five years, stock price volatility – 75.00%, no dividend yield, and a risk-free interest rate yield – 2.86%. The fair value is particularly impacted by the Company’s stock price volatility determined using historical stock price data from the previous five years. Using the above assumptions, the fair value of options granted was approximately $0.04 per option, for a total of $369,434. During the nine months ended September 30, 2025, 4,525,000 options expired unexercised. As a result, the original share-based payments expense $293,061 was reversed from reserves and credited to deficit. Warrants As an incentive to complete private placements, the Company may issue units which include common shares and common share purchase warrants. A summary of the Company’s warrants as at September 30, 2025 and December 31, 2024, and changes during the period/year then ended is as follows: Weighted average Weighted average Warrants exercise price Warrants exercise price # $ # $ Warrants outstanding, beginning of period/year 17,166,667 0.10 27,184,487 0.20 Private placement warrants issued - - 16,666,667 0.10 Expired (500,000) 0.17 (26,684,487) 0.20 Warrants outstanding, end of period/year 16,666,667 0.10 17,166,667 0.10 September 30, 2025 December 31, 2024 Period ended Year ended As at September 30, 2025, the Company had warrants outstanding and exercisable as follows: Warrants Warrants Exercise outstanding exercisable price Expiry date # # $ 16,666,667 16,666,667 0.10 December 20, 2027 16,666,667 16,666,667 0.10 During the year ended December 31, 2024, 26,684,487 warrants exercisable at $0.20 each expired unexercised comprised o --- f 26,584,167 private placement warrants, and 100,320 finders’ warrants. Rockhaven Resources Ltd. Notes to the Condensed Interim Financial Statements Unaudited – Prepared by Management (Expressed in Canadian Dollars) For the nine months ended September 30, 2025 and September 30, 2024 11 7. Share capital (continued) Warrants (continued) During the nine months ended September 30, 2025, 500,000 share purchase warrants exercisable at $0.17 each which were issued to LSCFN in 2020, expired unexercised. As a result, the original share-based payments expense $51,306 was reversed from reserves and credit to deficit. Restricted Share Units (RSUs) Subsequent to September 30, 2025, 1,000,000 RSUs were granted to an Officer at a fair value of $0.135 each vesting one-third annually until October 16, 2028. (note 15). Reserves Reserves include the accumulated fair value of stock options recognized as share-based payments, the fair value of finders’ warrants issued on private placements, the fair value of other compensatory warrants issued, and the residual value of warrants attached to private placement units, if any. Reserves is increased by the fair value of these and other equity awards issuable under the Plan on vesting and/or issuance and is reduced by corresponding amounts when equity awards or warrants expire, are exercised, or cancelled. Options Warrants Total $ $ $ January 1, 2024 903,839 62,896 966,735 Finders' warrants expired - (11,590) (11,590) Options vesting 1,132 - 1,132 September 30, 2024 904,971 51,306 956,277 January 1, 2025 904,971 51,306 956,277 Options vesting 263,756 - 263,756 Options expired (293,061) - (293,061) Warrants expired - (51,306) (51,306) September 30, 2025 875,666 - 875,666 8. Loss per share The calculation of basic and diluted loss per share for the nine months ended September 30, 2025, was based on the loss attributable to common shareholders of $390,764 (2024 – $117,406) and a weighted average number of common shares outstanding of 292,803,137 (2024 – 276,136,470). All stock options and warrants were excluded from the diluted weighted average number of common shares calculation, as their effect would have been anti-dilutive. 9. Related party payables and transactions The Company’s related parties include key management personnel and their management entities. Key management personnel are those persons having authority and responsibility for planning, directing, and controlling the activities of the entity, directly or indirectly, including any director (whether executive or otherwise) of that entity. There were no loans to key management personnel or their management entities during the nine months ended September 30, 2025 and September 30, 2024. Matthew Turner, the Company’s President and CEO, receives a monthly salary and incentive stock options. No other key management personnel receive salaries, non-cash benefits (other than incentive stock options), or other remuneration directly from the Company, other than noted below, and there are no employment contracts with them that cannot be terminated without penalty on thirty days’ notice. Key management personnel participate in the Company’s stock option plan. During the nine months ended September 30, 2025, 6,500,000 stock options were granted to Officers and Directors having a fair value on grant of $285,023, of which $203,491 was recognized as share-based payment expense during the period then ended. The stock options granted are exercisable at $0.07 each until J --- une 3, 2030, and vest over a one year period through to June 3, 2026 (note 7). Rockhaven Resources Ltd. Notes to the Condensed Interim Financial Statements Unaudited – Prepared by Management (Expressed in Canadian Dollars) For the nine months ended September 30, 2025 and September 30, 2024 12 9. Related party payables and transactions During the nine months ended September 30, 2024, no stock options were granted to a key management personnel or Directors. Additionally, $1,132 in share-based payments was recognized during the period then ended in connection to the vesting of stock options issued to related parties during the previous year. The Company transacted with the following related parties: (a) Archer, Cathro & Associates (1981) Limited (“Archer Cathro”) is a geological consulting firm that is a related party through its ability to confer significant influence over financial processes and operating decisions with the provision of key management personnel services. Charges are for property location, acquisition, exploration, management, and office rent and administration. (b) Glenn Yeadon is a Director and the Company’s Secretary. He controls Glenn R. Yeadon Personal Law Corporation (“Yeadon Law Corp.”) which provides the Company with legal services. (c) Dan Martino is the Company’s CFO. He is a principal of Donaldson Brohman Martin CPA, Inc. (“DBM CPA”), a firm in which he has significant influence. DBM CPA provides the Company with accounting and tax services. (d) Matthew Turner is the Company’s President and CEO, and a Company Director. He provides the Company with management, administrative, corporate development, and technical services. (e) Brad Thrall is the Company’s Managing Director (Company Officer) effective June 4, 2025. The transactions and outstanding balances with key management personnel and their management entities were as follows: Transactions Transactions Balances Balances nine months ended nine months ended outstanding outstanding September 30, September 30, September 30, December 31, 2025 2024 2025 2024 $ $ $ $ Archer Cathro - geological services 17,351 54,164 951 697 - rent and administration 27,665 24,140 3,098 5,973 45,016 78,304 4,049 6,670 Yeadon Law Corp. 33,000 23,000 13,315 33,762 DBM CPA 25,500 25,700 8,000 11,000 (1) Matthew Turner 120,000 120,000 - - 223,516 247,004 25,364 51,432 (1) Includes geological services (within exploration (note 6)) of $61,631 for the nine months ended September 30, 2025 (2024 - $64,238). All related party balances are unsecured and are due within thirty days without interest. The related party transactions do not include expense reimbursements or sales tax amounts that are included in the year end related party payable balances. The transactions with the key management personnel are included in expenses as follows: (a) Management, administration and corporate development salaries - Includes the portion of Matthew Turner’s salary related to management, administrative and corporate development services. The remainder of Matthew Turner’s salary is allocated to exploration and evaluation expenditures within mineral property interests for his project technical services. (b) Office rent - Includes office rent charged to the Company by Archer Cathro. (c) Professional fees - Includes legal services charged to the Company by Yeadon Law Corp. - Includes accounting and tax services charged to the Company by DBM CPA. Rockhaven Resources Ltd. Notes to the Condensed Interim Financial St --- atements Unaudited – Prepared by Management (Expressed in Canadian Dollars) For the nine months ended September 30, 2025 and September 30, 2024 13 10. Income taxes Income tax recovery varies from the amount that would be computed from applying the combined federal and provincial income tax rate to loss before income taxes as follows: September 30, September 30, 2025 2024 $ $ Loss for the period before income taxes (437,738) (166,552) Statutory Canadian corporate tax rate 27.00% 27.00% Anticipated tax recovery 118,189 44,969 Change in tax resulting from: Unrecognized items for tax purposes (71,215) 4,177 Net deferred tax recovery 46,974 49,146 The significant components of the Company’s net deferred tax liability are as follows: September 30, December 31, 2025 2024 $ $ Mineral property interests (6,424,756) (6,424,756) Unclaimed investment tax credits 538,775 538,775 Non-capital loss carry forwards 2,312,469 2,257,550 Share issue and other costs 13,243 21,188 Net deferred tax liability (3,560,269) (3,607,243) As at September 30, 2025, the Company has non-capital loss carry forwards of approximately $8,565,000 (December 31, 2024 - $8,361,000) which expire as follows: $109,000 in 2026, $97,000 in 2027, $391,000 in 2028, $332,000 in 2029, $373,000 in 2030, and $7,263,000 thereafter. As at September 30, 2025, the Company has unused capital losses of approximately $2,274,000 (December 31, 2024 - $2,274,000) which have no expiry dates and can only be used to reduce future income from capital gains. The Company has not recognized a deferred tax benefit on these losses or on accumulated unrealized losses, as it is unlikely that capital gains will be realized to utilize the losses. As at September 30, 2025, the Company has unclaimed resource and other deductions in the amount of approximately $24,861,000 (December 31, 2024 - $24,681,000), which may be deducted against future taxable income. As at September 30, 2025, the Company has share issue and other capital costs totaling approximately $49,000 (December 31, 2024 - $79,000), which have not been claimed for income tax purposes. As at September 30, 2025, the Company has unused investment tax credits totaling approximately $738,000 (December 31, 2024 - $738,000), which have not been claimed for income tax purposes. The tax credits expire as follows: $364,000 in 2031, $319,000 in 2032, $51,000 in 2033, and $4,000 in 2034. Income tax attributes are subject to review and potential adjustments by tax authorities. Rockhaven Resources Ltd. Notes to the Condensed Interim Financial Statements Unaudited – Prepared by Management (Expressed in Canadian Dollars) For the nine months ended September 30, 2025 and September 30, 2024 14 11. Supplemental cash flow information Changes in non-cash working capital during the nine months ended September 30, 2025 and September 30, 2024, were comprised of the following: September 30, September 30, 2025 2024 $ $ Receivables and prepayments 6,088 26,192 Accounts payable and accrued liabilities (19,743) (20,110) Accounts payable to related parties (17,322) (1,597) Net change (30,977) 4,485 The Company incurred non-cash investing activities during the nine months ended September 30, 2025 and September 30, 2024, as follows: September 30, September 30, 2025 2024 $ $ Non-cash investing activities: Exploration expenditures included in accounts payable and related party payables 2,341 5,662 There were no non-cash financing activities during the nine months ended September 30, 20 --- 25 and September 30, 2024. During the nine months ended September 30, 2025 and September 30, 2024, no amounts were paid for interest or income taxes. 12. Financial risk management Capital management The Company is a junior exploration company and considers items included in shareholders' equity as capital. The Company manages its capital structure and adjusts it in light of changes in economic conditions and the risk characteristics of underlying assets. In order to maintain or adjust its capital structure, the Company may issue new shares. The Company is not subject to any externally imposed capital requirements and does not presently utilize any quantitative measures to monitor its capital. There were no changes to the Company’s approach to capital management during the nine months ended September 30, 2025. As at September 30, 2025, the Company’s capital structure is comprised of shareholders’ equity of $45,958,059 (December 31, 2024 - $46,085,067). The Company currently has no source of revenue. In order to fund future exploration programs and pay for administrative costs, the Company will spend its existing working capital and raise additional funds as needed. Financial instruments - fair value The Company’s financial instruments consist of cash and cash equivalents, marketable securities, accounts payable and accrued liabilities, and accounts payable to related parties. The carrying value of accounts payable and accrued liabilities, and accounts payable to related parties approximates their fair value because of the short-term nature of these instruments. Rockhaven Resources Ltd. Notes to the Condensed Interim Financial Statements Unaudited – Prepared by Management (Expressed in Canadian Dollars) For the nine months ended September 30, 2025 and September 30, 2024 15 12. Financial risk management (continued) Financial instruments - fair value (continued) Financial instruments measured at fair value on the condensed interim statements of financial position are summarized into the following fair value hierarchy levels: Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2: inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e., as prices) or indirectly (i.e., derived from prices). Level 3: inputs for the asset or liability that are not based on observable market data (unobservable inputs). Level 1 Level 2 Level 3 Total $ $ $ $ September 30, 2025 Cash and cash equivalents 805,948 - - 805,948 Marketable securities 60,867 - - 60,867 866,815 - - 866,815 December 31, 2024 Cash and cash equivalents 761,100 - - 761,100 Marketable securities 30,433 - - 30,433 791,533 - - 791,533 Financial instruments - risk The Company’s financial instruments are exposed to certain financial risks, including credit risk, liquidity risk, and market risk. a) Credit risk Credit risk is the risk that one party to a financial instrument will cause a financial loss for the other party by failing to discharge an obligation. The Company is exposed to credit risk by holding cash and cash equivalents. All of the Company’s cash and cash equivalents are held in a Canadian financial institution, and management believes the exposure to credit risk with respect to such institutions is not significant. The Company's maximum exposure to credit risk is equal to the carrying value of these instruments and it is exposed to risk as all of its cash and cash equivalen --- ts are concentrated with a single financial institution. The Company's exposure to and management of credit risk has not changed materially from the prior year. b) Liquidity risk Liquidity risk is the risk that an entity will encounter difficulty in meeting obligations associated with financial liabilities that are settled by delivering cash or another financial asset. The Company’s financial liabilities are all due within the next twelve months. The Company mitigates this risk by careful management of its working capital to ensure its expenditures will not exceed available resources. The Company's exposure to and management of liquidity risk has not changed materially from that of the prior year. c) Market risk Market risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risk comprises three types of risk: currency risk, interest rate risk and other price risk. The Company is not exposed to material currency risk, as it does not have assets or liabilities expressed in a foreign currency. The Company's exposure to and management of market risk has not changed materially from that of the prior year. Rockhaven Resources Ltd. Notes to the Condensed Interim Financial Statements Unaudited – Prepared by Management (Expressed in Canadian Dollars) For the nine months ended September 30, 2025 and September 30, 2024 16 12. Financial risk management (continued) Financial instruments – risk (continued) d) Interest rate risk Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates. The Company is exposed to interest rate risk because of fluctuating interest rates on cash and cash equivalents. Fluctuations in market rates do not have a significant impact on the Company’s operations. For the nine months ended September 30, 2025, every 1% fluctuation in interest rates up or down would have impacted loss for the period by approximately $6,000 (2024 – $5,000) before income taxes. e) Other price risk Other price risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices (other than those arising from interest rate risk or currency risk). The Company is exposed to other price risk because of the fluctuating values and trading volumes of its publicly traded marketable securities. The Company has no control over these fluctuations and does not hedge its investments. Based on September 30, 2025 value of marketable securities every 10% increase or decrease in the share prices of the Company’s marketable securities would have impacted loss for the period by approximately $6,000 (2024 - $5,000) before income taxes. 13. Commitment Exploration Benefits Agreement: The Company has an Exploration Benefits Agreement with the Little Salmon Carmacks First Nation (“LSCFN”), which establishes a framework between the parties for the ongoing exploration of the Company’s Klaza project. Under the Agreement the Company is required to pay LSCFN an annual fee equal to 2% of specified on-site exploration activities on the Klaza project during each calendar year, payable by March 31 of the following year. The fee accruals each year are included in exploration and evaluation expenditures, with an offset to accrued liabilities. As at September 30, 2025, $1,390 (December 31, 2024 - $621) was accrued. During the nine months --- ended September 30, 2025, the Company paid its annual fee relating to the 2024 year of $621 (2024 - $395 was paid relating to the 2023 year). Additionally, 500,000 share purchase warrants exercisable at $0.17 each which were issued to LSCFN in 2020, expired unexercised on August 5, 2025 (note 7). 14. Segmented information The Company operates in one reportable operating segment being the acquisition, exploration, and evaluation of mineral properties in Canada. All of the Company’s non-current assets are located in Canada. 15. Events after the reporting period In October 2025, the Company granted 500,000 options to a consultant exercisable at $0.14 each with a term of five years (note 7). Additionally, the Company granted 1,000,000 RSUs to a Company Officer at a value of $0.135 each (note 7).