SEDAR Interim Financial Statements

CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE MONTHS ENDED FEBRUARY 28, 2026 (Expressed in Canadian Dollars) NOTICE OF NO AUDITOR REVIEW OF THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE MONTHS ENDED FEBRUARY 28, 2026 The accompanying condensed interim consolidated financial statements of Walker River Resources Corp. (the “Company”) for the three months ended February 28, 2026, 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 condensed interim consolidated financial statements in accordance with the standards established by the Canadian Institute of Chartered Accountants for a review of the condensed interim statements by an entity’s auditor. These condensed interim consolidated financial statements include all adjustments, consisting of normal and recurring items, that management considers necessary for a fair presentation of the financial position, results of operations and cash flows. WALKER RIVER RESOURCES CORP. CONDENSED INTERIM CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (EXPRESSED IN CANADIAN DOLLARS) (Unaudited) The accompanying notes are an integral part of these condensed interim consolidated financial statements. Page | 1 AS AT Notes February 28, 2026 February 28, 2025 ASSETS Current Cash $ 1,296,206 $ 1,205,743 Receivables 66,478 65,468 1,362,684 1,271,211 Non-current assets Reclamation bond 5 31,472 32,250 Equipment 4 14,379 15,545 Exploration and evaluation assets 5,9 8,949,884 8,904,517 Total assets $ 10,358,419 $ 10,223,523 LIABILITIES AND SHAREHOLDERS’ EQUITY Current Accounts payable and accrued liabilities 6 $ 514,073 $ 502,156 Due to related parties 9 47,968 48,712 Total liabilities 562,041 550,868 EQUITY Share capital 7 19,967,270 19,684,920 Obligation to issue shares 7 66,750 3,100,367 Reserves 7 3,066,833 3,100,367 Deficit (13,304,475) (13,112,632) Total equity 9,796,378 9,672,655 Total liabilities and shareholders’ equity $ 10,358,419 $ 10,223,523 Going concern (Note 2) Authorized for issuance on behalf of the board on April 27, 2026: “Michel David” Director “Eric Falardeau” Director WALKER RIVER RESOURCES CORP. CONDENSED INTERIM CONOLIDATED STATEMENTS OF LOSS AND COMPREHENSIVE LOSS (EXPRESSED IN CANADIAN DOLLARS) (Unaudited) The accompanying notes are an integral part of these condensed interim consolidated financial statements. Page | 2 For the three months ended February 28, Note 2026 2025 Operating expenses: Administration $ 21,415 $ 14,762 Advertising and promotion 647 2,263 Consulting 9 103,000 72,000 Management fees 9 56,000 43,000 Office and miscellaneous 5,526 13,568 Rent 2,100 4,889 Transfer agent and filing fees 1,157 1,365 Travel 1,998 3,799 (191,843) (155,646) Other items Interest expense - (4,078) Net loss and comprehensive loss $ (191,843) $ (159,724) Loss per share – basic and diluted $ (0.00) $ (0.00) Weighted average number of common shares outstanding – basic and diluted 58,160,077 48,618,362 WALKER RIVER RESOURCES CORP. CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (EXPRESSED IN CANADIAN DOLLARS) (Unaudited) The accompanying notes are an integral part of these condensed interim consolidated financial statements. Page | 3 Number of shares Amount Subscriptions received Reserves Deficit Total Balance, November 30, 2024 48,618,362 $ 17,912,169 $ - $ 2,735,992 $ (11,812,358) $ 8,835,803 Comprehensive loss - - - - (159,724) (159,724) Balanc --- e, February 28, 2025 43,375,862 $ 16,976,691 $ - $ 2,735,992 $ (11,287,263) $ 8,425,420 Balance, November 30, 2025 57,114,529 $ 19,684,920 $ - $ 3,100,367 $ (13,112,632) $ 9,672,655 Shares issued on exercise of warrants 1,159,333 264,325 66,750 (25,509) - 305,566 Shares issued on exercise of options 50,000 18,025 - (8,025) - 10,000 Comprehensive loss - - - - (191,843) (191,843) Balance, February 28, 2026 58,323,862 $ 19,967,270 $ 66,750 $ 3,066,833 $ (13,304,475) $ 9,796,378 . WALKER RIVER RESOURCES CORP. CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS (EXPRESSED IN CANADIAN DOLLARS) (Unaudited) ` The accompanying notes are an integral part of these condensed interim consolidated financial statements. Page | 4 For the three months ended February 28, 2026 2025 OPERATING ACTIVITIES Net loss $ (191,843) $ (159,724) Items not affecting cash: Foreign exchange adjustment 779 1,750 Interest expense - 4,080 Changes in non-cash working capital balances: Receivables (1,010) (3,120) Prepaid expenses - 4,131 Accounts payable and accrued liabilities 12,119 23,675 Due to related parties (2,744) (5,679) Cash used in operating activities (182,699) (134,887) INVESTING ACTIVITIES Exploration and evaluation assets (42,404) (289,895) Cash used in investing activities (42,404) (289,895) FINANCING ACTIVITIES Cash received under promissory note - 287,400 Warrants exercised for cash 305,566 - Options exercised for cash 10,000 - Cash provided by financing activities 315,566 287,400 DECREASE IN CASH 90,463 (137,382) CASH, BEGINNING 1,205,743 366,962 CASH, ENDING $ 1,296,206 $ 229,580 SUPPLEMENTAL CASH FLOW INFORMATION AND NON-CASH TRANSACTION Exploration and evaluation assets included in accounts payable $ - $ 99,006 Exploration and evaluation assets included in accounts payable to related parties $ 15,000 $ 8,000 Depreciation capitalized $ 1,166 $ 1,666 Note payable and accrued interest converted to contribution under earn-in agreement $ - $ 293,787 WALKER RIVER RESOURCES CORP. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE MONTHS ENDED FEBRUARY 28, 2026 (UNAUDITED; EXPRESSED IN CANADIAN DOLLARS) Page | 5 1. NATURE OF OPERATIONS Walker River Resources Corp. (the “Company”) was incorporated pursuant to the Business Corporations Act (British Columbia) on December 16, 2010. The principal business of the Company is the identification, evaluation, acquisition and exploration of mineral properties. The Company’s shares are listed on the TSX Venture Exchange (the “Exchange”) under the symbol WRR. The address of the Company’s registered records office and its principal place of business is 555 – 1130 West Pender Street, Vancouver, British Columbia, V6E 4A4, Canada. 2. BASIS OF PREPARATION AND GOING CONCERN a) Statement of compliance These condensed interim consolidated financial statements have been prepared in accordance with International Accounting Standard IAS 34 – Interim Financial Reporting. The interim condensed financial statements, prepared in conformity with IAS 34, follow the same accounting principles and methods of application as the most recent audited consolidated financial statements. Since these condensed interim consolidated financial statements do not include all disclosures required by the International Financial Reporting Standards (“IFRS”) for annual financial statements, they should be read in conjunction with the Company’s audited consolidated financial statements for the year ended November 30, 2025. b) G --- oing concern These condensed interim consolidated financial statements were prepared on a going concern basis which assumes that the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. For the three months ended February 28, 2026, the Company has negative cash flow from operations and recurring operating losses and, as at that date, has an accumulated deficit of $13,304,475. The continuing operations of the Company are dependent upon its ability to obtain sufficient financing and the success of its exploration activities. This indicates the existence of a material uncertainty that may cast significant doubt about the Company's ability to continue as a going concern. Management intends to finance operating costs with loans from directors and companies controlled by directors and/or issuance of common shares. If the Company is unable to continue as a going concern, the net realizable value of its assets may be materially less than the amounts on its statement of financial position. c) Principles of consolidation These condensed interim consolidated financial statements include the accounts of the Company and its wholly owned subsidiary Walker River Resources LLC, incorporated in the state of Nevada. Control exists when the Company has the power, directly or indirectly, to govern the financial and operating policies of an entity so as to obtain benefits from its activities. All inter-company accounts have been eliminated. d) Functional currency The functional and presentation currency of the Company and its subsidiary is the Canadian dollar. WALKER RIVER RESOURCES CORP. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE MONTHS ENDED FEBRUARY 28, 2026 (UNAUDITED; EXPRESSED IN CANADIAN DOLLARS) Page | 6 e) Measurement basis These condensed interim consolidated financial statements have been prepared on a historical cost basis except for certain financial instruments which are measured at fair value. In addition, these condensed interim consolidated financial statements have been prepared using the accrual basis of accounting, except for cash flow information. 3. FINANCIAL INSTRUMENTS AND FINANCIAL RISK IFRS® 13, Fair-Value Measurement, establishes a fair value hierarchy that reflects the significance of the inputs used in making the measurements. The fair value hierarchy has the following levels: Level 1- quoted prices (unadjusted) in active markets for identical assets or liabilities; Level 2- inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices); and Level 3- inputs for the asset or liability that are not based on observable market data (unobservable inputs). Fair value of financial instruments The Company’s financial instruments include cash, reclamation bond, accounts payable, and amounts due to related parties. The carrying value of these instruments approximates their fair values due to the relatively short periods of maturity of these instruments. Financial risk management objectives and policies The risks associated with the Company’s financial instruments and the policies on how to mitigate these risks are set out below. Management manages and monitors these exposures to ensure appropriate measures are implemented in a timely and effective manner. (i) Currency risk The Company's expenses are primarily denom --- inated in Canadian dollars; however, certain exploration and evaluation expenditures are incurred in US dollars. The Company's corporate office remains based in Canada, which reduces the direct exposure to exchange rate volatility. As of February 28, 2026, the Company had no outstanding payables to its US-based vendors; at the same time, the Company had a total of $3,227 (US$2,366) in US dollars on deposit with major banks in both the US and Canada. Given significant fluctuations in exchange rates and broader economic uncertainty, the Company faces a high degree of foreign exchange risk. As a result, the Company continues to closely monitor its foreign currency exposure and assess potential impacts on its financial position. The impact of exchange rate fluctuations on the Company's liabilities and deposits is summarized below: Change (%) Exchange Rate Liabilities (CAD) Cash on Deposit (CAD) Net Exposure (CAD) -10% 1.2581 $ - $2,905 $2,905 +10% 1.5377 $ - $3,550 $3,550 WALKER RIVER RESOURCES CORP. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE MONTHS ENDED FEBRUARY 28, 2026 (UNAUDITED; EXPRESSED IN CANADIAN DOLLARS) Page | 7 (ii) Interest rate risk Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate due to changes in market interest rates. At February 28, 2026, the Company’s exposure to interest rate risk was considered minimal. (iii) Credit risk Credit risk is the risk of an unexpected loss if a customer or third party to a financial instrument fails to meet its contractual obligations. As at February 28, 2026, the Company did not have any loans or advances receivable that were outstanding. The Company is also exposed to credit risk on its cash. To minimize the credit risk on cash, the Company places the instrument with major financial institutions. (iv) Liquidity risk Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they fall due. In the management of liquidity risk, the Company maintains a balance between continuity of funding and flexibility through the use of borrowings. Management closely monitors the liquidity position and expects to have adequate sources of funding to finance the Company’s projects and operations. The Company’s financial liabilities at February 28, 2026, mature as follows: <1 year 1-5 Years Total Accounts payable and accrued liabilities $ 514,073 $ – $ 514,073 Due to related parties $ 47,968 $ – $ 47,968 (v) Commodity Price Risk The Company’s ability to raise capital to fund exploration activities is subject to risks associated with fluctuations in the market price of mineral resources. The Company closely monitors commodity prices to determine the appropriate course of action to be taken. 4. EQUIPMENT Vehicle Equipment Total Cost Balance at November 30, 2025 and February 28, 2026 $ 100,472 $ 48,147 $ 148,619 Accumulated Depreciation Vehicle Equipment Total Balance at November 30, 2024 $ 84,474 $ 41,937 $ 126,411 Depreciation 4,799 1,864 6,663 Balance at November 30, 2025 89,273 43,801 133,074 Depreciation 840 326 1,166 Balance at February 28, 2026 $ 90,113 $ 44,127 $ 134,240 Net Carrying Amounts Vehicle Equipment Total Balance at November 30, 2025 $ 11,199 $ 4,346 $ 15,545 Balance at February 28, 2026 $ 10,359 $ 4,020 $ 14,379 WALKER RIVER RESOURCES CORP. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE MONTHS ENDED FEBRUARY 28, 2026 (UNAUDITE --- D; EXPRESSED IN CANADIAN DOLLARS) Page | 8 5. EXPLORATION AND EVALUATION ASSETS Lapon Gold Project, Nevada The Company owns 100% of the Lapon Gold Project, which comprises 147 claims, and includes the Lapon Canyon Project, the Rattlesnake Project, and the Pikes Peak Project. On May 24, 2024, the Company entered into a royalty purchase agreement with Nevada Canyon Gold Corp. (“Nevada Canyon”) to sell a 2% Net Smelter Return (“NSR”) on the Lapon Canyon portion of the Lapon Gold Project for $409,140 (US$300,000). On June 12, 2024, the Company sold to Nevada Canyon a 2% NSR on Pikes Peak Project for $205,500 (US$150,000). On January 31, 2025, the Company entered into an Exploration Stream Earn-in Agreement (the “Agreement”) with Nevada Canyon to explore and develop the Lapon Canyon Project portion of the Lapon Gold Project. The Agreement grants Nevada Canyon the exclusive right to earn and purchase up to a 50% interest in the Lapon Canyon Project by funding cumulative exploration expenses of US$5,000,000 over three years. The Agreement provides that, subject to certain conditions, the Company will grant Nevada Canyon an exclusive right to earn and purchase either (i) an undivided 50% interest (the “Earned Interest”) in Lapon Canyon Project, or (ii) alternatively, a production royalty in the Lapon Canyon Project. Nevada Canyon has the right to accelerate the completion of the minimum work requirements and exercise its earn-in right at its discretion. Upon Nevada Canyon acquiring the 50% Earned Interest, the parties will form a Nevada limited liability company (the “Joint Venture LLC”) and contribute the Lapon Canyon Project to the Joint Venture LLC for the joint development and operation. Each party will fund its pro-rata share of future expenditures on the Lapon Canyon Project or face dilution of its interest in the Joint Venture LLC. If a party’s interest in the Joint Venture LLC is diluted below 10% its interest will be converted to a 2% NSR royalty on the Lapon Canyon Project, subject to a buy-down option to 1% exercisable at any time for the payment of US$2,500,000. On the closing of the Agreement, the US$200,000 principal the Company borrowed under the Promissory Note dated December 19, 2024, including accrued interest for a total of $293,787 (US$202,835), was deemed satisfied in full and credited toward Nevada Canyon’s first annual period obligation for exploration expenses. During the three months ended February 28, 2026, Nevada Canyon incurred $485,825 (US$353,432) in exploration expenses on the Lapon Canyon Project, for a total of $2,546,895 (US$1,824,193) in cumulative exploration expenses incurred as at February 28, 2026. WALKER RIVER RESOURCES CORP. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE MONTHS ENDED FEBRUARY 28, 2026 (UNAUDITED; EXPRESSED IN CANADIAN DOLLARS) Page | 9 Total costs incurred on the Lapon Gold Project are summarized as follows: February 28, 2026 Lapon Canyon Project Rattlesnake Project Pikes Peak Project Total Acquisition costs: Balance at November 30, 2025 and February 28, 2026 $ 3,320,839 $ 197,272 $ 12,255 $ 3,530,366 Deferred exploration expenditures: Balance, beginning 5,086,430 132,550 155,171 5,374,151 Geologist fees and assays 42,401 - 1,800 44,201 Equipment depreciation (Note 4) 1,166 - - 1,166 5,129,997 132,550 156,971 5,419,518 Balance, end of the period $ 8,450,836 $ 329,822 $ 169,226 $ 8,949,884 November 30, 2025 Lapon Canyon Project Rattlesnake Project Pikes Pea --- k Project Total Acquisition costs: Balance, beginning $ 3,320,839 $ 191,120 $ - $ 3,511,959 Additions - 6,152 12,255 18,407 3,320,839 197,272 12,255 3,530,366 Deferred exploration expenditures: Balance, beginning 5,240,608 132,550 128,559 5,501,717 Geologist fees and assays 132,946 - 26,612 159,558 Equipment depreciation (Note 6) 6,663 - - 6,663 Cash contributed under earn-in agreement (Note 12) (293,787) - - (293,787) 5,086,430 132,550 155,171 5,374,151 Balance, end of the year $ 8,407,269 $ 329,822 $ 167,426 $ 8,904,517 In addition to the above costs, the US Federal Bureau of Land Management (the “BLM”) required the Company to post a bond of US$23,070 (CAD$31,472) on its Lapon Canyon Project to cover future decommissioning costs (2025- US$23,070 (CAD$32,250)). 6. ACCOUNTS PAYABLE AND ACCRUED LIABILITIES February 28, 2026 November 30, 2025 Accounts payable $ 50,573 $ 94,056 Accrued liabilities 463,500 408,100 $ 514,073 $ 502,156 WALKER RIVER RESOURCES CORP. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE MONTHS ENDED FEBRUARY 28, 2026 (UNAUDITED; EXPRESSED IN CANADIAN DOLLARS) Page | 10 7. SHARE CAPITAL Authorized The Company is authorized to issue an unlimited number of common shares without par value. Issued During the three months ended February 28, 2026 (i) During the three months ended February 28, 2026, the Company issued a total of 1,159,333 common shares on exercise of warrants for a total of $238,816. These warrants were initially valued at $25,509. In addition, the Company received $66,750 on exercise of warrants, for which shares were issued subsequent to February 28, 2026. (ii) During the quarter ended February 28, 2026, the Company issued a total of 50,000 common shares on exercise of options for a total of $10,000. These options were initially valued at $8,025. The share price at the time of exercise was $0.33. During the year ended November 30, 2025 (iii) On March 14, 2025, the Company closed a non-brokered private placement issuing a total of 1,090,000 units for gross proceeds of $174,400 (the “March Private Placement”). Each unit consisted of one common share of the Company and one share purchase warrant, exercisable at $0.25 per share, expiring on March 14, 2027. The warrants were valued at $Nil based on the residual method. The Company recognized $2,385 in share issuance costs associated with the March Private Placement. (iv) On June 24, 2025, the Company closed a non-brokered private placement issuing a total of 2,372,500 units for gross proceeds of $379,600 (the “June Private Placement”). Each unit consisted of one common share of the Company and one share purchase warrant, exercisable at $0.25 per share and expiring on June 24, 2027. The warrants were valued at $Nil based on the residual method. The Company recognized $4,095 in share issuance costs associated with the June Private Placement. (v) On November 7, 2025, the Company closed a non-brokered private placement issuing a total of 4,000,000 units for gross proceeds of $1,000,000 (the “November Private Placement”). Each unit consisted of one common share of the Company and one share purchase warrant, exercisable at $0.33 per share and expiring on November 7, 2027. The warrants were valued at $Nil based on the residual method. The Company recognized $7,344 in share issuance costs associated with the November Private Placement. (vi) On October 30, 2025, the Company issued a total of 1,033,667 common shares on exercise of warrants f --- or a total of $206,733. These warrants were initially valued at $25,842. WALKER RIVER RESOURCES CORP. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE MONTHS ENDED FEBRUARY 28, 2026 (UNAUDITED; EXPRESSED IN CANADIAN DOLLARS) Page | 11 Stock options The Company has a Stock Option Plan (the “Plan”) pursuant to which the Company’s board of directors may grant incentive stock options to directors, officers, employees and consultants. Under the Plan, the aggregate number of common shares which may be subject to option at any one time may not exceed 10% of the issued common shares of the Company as of that date. Options granted may not exceed a term of ten years, and the term will be reduced to one year following the date of death of the optionee. All options vest when granted unless otherwise specified by the Board of Directors. A summary of the Company’s stock options is as follows: Number of Options Weighted Average Exercise Price Balance, November 30, 2024 2,900,000 $ 0.200 Granted 2,300,000 $ 0.215 Balance, November 30, 2025 5,200,000 $ 0.200 Exercised (50,000) $ 0.200 Balance, February 28, 2026 5,150,000 $ 0.207 As at February 28, 2026, the following stock options were granted and outstanding: Number of Options Exercise Price Years remaining Expiry Date 2,850,000 $0.200 1.99 November 28, 2027 2,300,000 $0.215 4.76 September 3, 2030 5,150,000 $0.207 3.22 Warrants A summary of the Company’s share purchase warrants is as follows: Number of Warrants Weighted Average Exercise Price Balance, November 30, 2024 11,350,475 $ 0.24 Exercised (1,033,667) $ 0.20 Expired (3,083,975) $ 0.30 Issued 7,462,500 $ 0.23 Balance, November 30, 2025 14,695,333 $ 0.22 Exercised (1,159,333) $ 0.21 Expired (1,070,000) $ 0.20 Balance, February 28, 2026 12,466,000 $ 0.28 WALKER RIVER RESOURCES CORP. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE MONTHS ENDED FEBRUARY 28, 2026 (UNAUDITED; EXPRESSED IN CANADIAN DOLLARS) Page | 12 As at February 28, 2026, the following share purchase warrants were outstanding: Number of Warrants Exercise Price Years remaining Expiry Date 2,780,000(1) $0.25 0.04 March 15, 2026 2,223,500(2) $0.25 0.22 May 21, 2026 1,090,000 $0.25 1.04 March 14, 2027 2,372,500 $0.25 1.32 June 24, 2027 4,000,000 $0.33 1.69 November 7, 2027 12,466,000 $0.28 0.93 (1) Subsequent to February 28, 2026, the Company issued 1,175,500 common shares on exercise of these warrants for total proceeds of $293,875, of which $66,750 were received during the three months ended February 28, 2026, and were recorded as an obligation to issue shares. Remaining warrants to acquire up to 1,604,500 common shares expired unexercised. (2) Subsequent to February 28, 2026, the Company issued 200,000 common shares on exercise of these warrants for total proceeds of $50,000. Nature and Purpose of Reserves Stock option reserve The stock option reserve records items recognized as share‐based compensation expense until such time that the stock options are exercised, at which time the corresponding amount is transferred to share capital. Warrant reserves The warrant reserve records items recognized as the value of warrants issued with respect to financings and not classified as liabilities until such time as the warrants are exercised, at which time the corresponding amount is transferred to share capital. 8. MANAGEMENT OF CAPITAL The Company's objectives when managing capital are to safeguard its ability to continue as a going --- concern in order to pursue its operations and to maintain a flexible capital structure, which optimizes the cost of capital at an acceptable risk. The Company considers its capital for this purpose to be its shareholders' equity. The Company's primary source of capital is through the issuance of equity. The Company manages and adjusts its capital structure when changes in economic conditions occur. To maintain or adjust the capital structure, the Company may seek additional funding. The Company may require additional capital resources to meet its administrative overhead expenses in the long term. The Company believes it will be able to raise capital as required in the long term, but recognizes there will be risks involved that may be beyond its control. There are no external restrictions on the management of capital. There has been no change to the Company’s approach to managing capital during the year. WALKER RIVER RESOURCES CORP. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE MONTHS ENDED FEBRUARY 28, 2026 (UNAUDITED; EXPRESSED IN CANADIAN DOLLARS) Page | 13 9. RELATED PARTY TRANSACTIONS AND BALANCES a) Related party transactions Key management personnel include those persons having authority and responsibility for planning, directing and controlling the activities of the Company as a whole. During the years ended February 28, 2026 and 2025, the following amounts were incurred or paid to officers, directors and/or their related companies: February 28, 2026 February 28, 2025 Consulting fees (i) $ 21,000 $ 18,000 Deferred exploration expense (ii) 43,000 16,000 Management fees (iii) 56,000 43,000 $ 120,000 $ 77,000 i) The Company paid or accrued $21,000 (February 28, 2025: $18,000) in consulting fees to a director of the Company. ii) The Company incurred $43,000 (February 28, 2025: $16,000) for exploration expenses on the Lapon Gold Project to companies controlled by a director and an officer. iii) The Company paid or accrued $56,000 (February 28, 2025: $43,000) in key management compensation to two of its directors and officers. Key management includes directors and key officers of the Company, including the President, CEO and CFO. b) Related party balances The following amounts were due to related parties as at February 28, 2026 and November 30, 2025: i) Amounts due to related parties include a balance due to a director and officer of the Company for management fees and reimbursable expenses of $15,114 (November 30, 2025: $16,061). This amount is unsecured, non-interest-bearing, with no fixed terms of repayment. ii) Amounts due to related parties include a balance due to a director and officer of the Company for management fees of $17,854 (November 30, 2025: $13,504). This amount is unsecured, non- interest-bearing, with no fixed terms of repayment. iii) Amounts due to related parties include a balance due to a company controlled by a director and an officer of the Company for deferred exploration costs of $15,000 (November 30, 2025: $19,147). This amount is unsecured, non-interest-bearing, with no fixed terms of repayment.