SEDAR Interim Financial Statements

EASTFIELD RESOURCES LTD. Condensed Interim Financial Statements For the Three and Nine Months Ended November 30, 2025 and 2024 (Unaudited – Expressed in Canadian dollars) 110-325 Howe Street, Vancouver, B.C. V6C 1Z7 Tel: (604) 681-7913 Fax: (604) 681-9855 NOTICE TO READER: These condensed interim financial statements have not been reviewed by the Company's external auditors. These statements have been prepared by and are the responsibility of the Company’s management. Eastfield Resources Ltd. Condensed Interim Statements of Financial Position (Unaudited – Expressed in Canadian dollars) November 30, 2025 February 28, 2025 ASSETS Current Cash $ 790,791 $ 24,631 Accounts receivable 8,252 7,161 Investments (Note 3) 347,505 252,850 Receivable from related parties (note 7) 15,121 - 1,161,669 284,642 Exploration and evaluation assets (Note 4) 1,136,423 1,049,961 Project deposits (Note 4) 139,146 139,146 Equipment 11,785 11,785 Right-of-use asset (Note 5) - 14,065 Investment in sub-leases (Note 5) - 21,468 $ 2,449,023 $ 1,521,067 LIABILITIES Current Accounts payable and accrued liabilities $ 35,727 $ 61,922 Lease obligations - current (Note 5) - 41,347 Project deposits payable 43,646 43,646 Payable to related parties (Note 7) 9,148 110,312 88,251 257,227 SHAREHOLDERS’ EQUITY Share capital (Note 6) 5,903,395 4,907,595 Warrant reserve (Note 6) 162,340 162,340 Options reserve (Note 6) 981,301 981,301 Accumulated other comprehensive loss (698,341) (908,648) Deficit (3,988,193) (3,878,748) 2,360,502 1,263,840 $ 2,449,023 $ 1,521,067 Nature and continuance of operations (Note 1) The accompanying notes are an integral part of these financial statements. Eastfield Resources Ltd. Condensed Interim Statements of Loss and Comprehensive Loss For the Three and Nine Months Ended November 30, 2025 and 2024 (Unaudited – Expressed in Canadian dollars) Three Months Ending Nine Months Ending November 30, 2025 November 30, 2024 November 30, 2025 November 30, 2024 Expenses Bank charges $ 65 $ 73 $ 163 $ 343 Consulting 7,500 7,000 18,500 18,000 Depreciation (Note 5) - 6,500 14,065 22,000 Dues and licenses - 731 - 950 Investor relations 11,345 7,390 25,305 15,695 Legal and audit 38,785 4,300 41,888 4,595 Office 2,235 1,292 17,595 16,067 Rent (Note 5) 16,099 - 26,969 - Salaries and benefits 11,971 11,254 34,449 32,529 Share based compensation - - - - Telephone 1,156 1,066 3,546 3,418 Transfer and filing fees 5,351 2,413 9,014 7,145 94,507 42,019 191,494 120,742 Other (income) / expense Gain on exploration and evaluation assets - - (79,800) - Gain on settlement of debt - (9,063) - (9,063) Interest income (688) (712) (3,499) (3,259) Interest income on sub-leases (note 5) - (3,750) (1,250) (11,250) Interest expense on lease obligations (note 5) - 7,500 2,500 15,000 NET LOSS 93,819 $ 35,994 $ 109,445 $ 112,170 OTHER COMPREHENSIVE (INCOME) LOSS Change in the fair value of equity investments (Note 3) (72,816) (43,910) (210,307) 5,528 COMPREHENSIVE LOSS (INCOME) $ 21,003 $ (7,916) $ (100,862) $ 117,698 BASIC AND DILUTED LOSS (INCOME) PER SHARE $ 0.001 $ 0.001 $ 0.002 $ 0.002 WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING – basic and diluted 94,894,918 61,561,585 72,672,696 58,332,494 The accompanying notes are an integral part of these financial statements. Eastfield Resources Ltd. Condensed Interim Statements of Changes in Shareholders’ Equity For the Nine Months Ended November 30, 2025 and 2024 (Unaudited – Expressed in Canadian dollars) Number of Common Shares Share Capita --- l (Note 6) Warrant Reserve (Note 6) Options Reserve (Note 6) Accumulated Other Comprehensive Income/(Loss) Deficit Total Equity Balance, February 29, 2024 55,561,585 $ 4,759,395 $ 162,340 $ 981,301 $ (857,870) $(3,350,134) $ 1,695,032 Change in fair value of investments (Note 4) - - - - (5,528) - (5,528) Net proceeds from private placement 6,000,000 148,200 - - - - 148,200 Net loss for the period - - - - - (112,170) (112,170) Balance, November 30, 2024 61,561,585 $ 4,907,595 $ 162,340 $ 981,301 $ (863,398) $(3,462,304) $ 1,725,534 Balance, February 28, 2025 61,561,585 $ 4,907,595 $ 162,340 $ 981,301 $ (908,648) $(3,878,748) $ 1,263,840 Change in fair value of investments (Note 3) - - - - 210,307 - 210,307 Net proceeds from private placement 50,000,000 995,800 - - - - 995,800 Net loss for the period - - - - - (109,445) (109,445) Balance, November 30, 2025 111,561,585 $ 5,903,395 $ 162,340 $ 981,301 $ (698,341) $(3,988,193) $ 2,360,502 The accompanying notes are an integral part of these financial statements. Eastfield Resources Ltd. Condensed Interim Statements of Cash Flows For the Nine Months Ended November 30, 2025 and 2024 (Unaudited – Expressed in Canadian dollars) Cash provided by (used in) 2025 2024 Operating activities Net loss $ (109,445) $ (112,170) Adjustments to reconcile cash to net loss from operating activities: Depreciation 14,065 22,000 Gain on exploration and evaluation assets (79,800) - Interest income on sub-leases (1,250) (11,250) Interest expense on lease obligations 2,500 15,000 (173,930) (86,420) Changes in non-cash working capital components Accounts receivable (1,019) (1,105) Receivable from related parties (15,121) (13,572) Payable to related parties (101,164) 41,091 Accounts payable and accrued liabilities (26,195) (49,041) (317,429) (109,047) Investing activities Proceeds from sale of investments 115,653 46,894 Project deposits payable - (11,500) Mining exploration tax credit 24,147 - Mineral property option proceeds 95,000 70,000 Mineral property acquisition costs - (9,547) Mineral property exploration expenditures (125,810) (96,169) 108,990 (322) Financing activities Net proceeds from private placement 995,800 148,200 Net lease payments (21,201) (48,562) 974,599 99,638 INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 776,160 (9,731) CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 24,631 65,318 CASH AND CASH EQUIVALENTS, END OF PERIOD $ 790,791 $ 55,587 Supplemental cash flow information Interest paid $ 2,500 $ 15,000 Interest received $ 3,499 $ 3,259 The accompanying notes are an integral part of these financial statements. Eastfield Resources Ltd. Notes to the Condensed Interim Financial Statements For the three and nine months ended November 30, 2025 and 2024 (Unaudited – Expressed in Canadian dollars) 1. NATURE AND CONTINUANCE OF OPERATIONS Eastfield Resources Ltd. (the “Company”) was incorporated in the Province of British Columbia. Its principal business activities are the acquisition and exploration of gold, copper and other precious and base metal properties in Canada. The Company is in the process of actively exploring its mineral properties and has not yet determined whether these properties contain ore reserves that are economically recoverable. The Company is considered to be in the exploration stage and does not have operating cash flows. The Company’s shares are listed for trading on the TSX Venture Exchange (the “Exchange”) under the symbol ETF. Its registered office is located at 110-325 Howe --- Street, Vancouver, British Columbia V6C 1Z7. These financial statements have been prepared on the basis of accounting principles applicable to a going concern which assumes that the Company will be able to realize its assets and discharge its liabilities in the normal course of operations. The ability of the Company to fund its potential future operations and commitments is dependent upon the ability of the Company to obtain additional financing. There is a risk that additional financing will not be available on a timely basis or on terms acceptable to the Company. These financial statements do not reflect the adjustments or reclassifications that would be necessary if the Company were unable to continue operations. Such adjustments and reclassifications could be material. 2. BASIS OF PREPARATION Statement of Compliance These condensed interim financial statements have been prepared in accordance with International Accounting Standard 34 - Interim Financial Reporting of International Financial Reporting Standards as issued by the International Accounting Standards Board (“ISAB”). The condensed interim financial statements should be read in conjunction with the Company’s annual financial statements for the year ended February 28, 2025, which have been prepared in accordance with IFRS Accounting Standards. These financial statements were approved for issue by the Company’s board of directors on January 29, 2026 Accounting estimates and judgments The preparation of these financial statements required management to make estimates, judgments and assumptions that affect the reported amounts and other disclosures in these financial statements. The estimates and assumptions are based on historical experience and various other factors that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates. The estimates, judgments and assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both the current and future periods. Critical accounting estimates are estimates, judgments and assumptions made by management that may result in material adjustments to the carrying amount of assets and liabilities within the next financial year. Critical estimates used in the preparation of these financial statements include, among others, the recoverability of accounts receivable, determination of realizable amounts of deferred tax assets and liabilities, impairment of the carrying value of non-financial assets, estimation of provisions, measurement of the fair value of tax benefits sold and measurement of equity instruments and share-based compensation. Critical accounting judgments are accounting policies that have been identified as being complex or involving subjective judgments or assessments. Critical accounting judgments include the expected economic lives of and the estimated future operating results and net cash flows from equipment, the classification of financial instruments, and the recognition of deferred tax assets and liabilities. Eastfield Resources Ltd. Notes to the Condensed Interim Financial Statements For the three and nine months ended November 30 --- , 2025 and 2024 (Unaudited – Expressed in Canadian dollars) 3. INVESTMENTS The Company has the following investments in equity instruments: November 30, 2025 February 28, 2025 Number of Shares Cost Fair Value Number of Shares Cost Fair Value Cariboo Rose Resources Ltd. 208,000 $ 14,925 $ 10,400 208,000 $ 14,925 $ 10,400 Vizsla Copper Corp. 2,000,000 349,606 290,000 3,000,000 524,409 210,000 Silicon Metals 217,000 29,712 14,105 550,000 37,654 19,250 GK Resources Ltd. 330,000 49,500 33,000 330,000 49,500 13,200 $ 443,743 $ 347,505 $ 626,488 $ 252,850 The Company has irrevocably designated investments in equity instruments as measured at FVOCI rather than FVTPL as FVOCI classification is considered more appropriate for these strategic investments. The fair value of these equity investments is based on quoted market prices which is a Level 1 fair value measurement. During the nine months ended November 30, 2025 the Company sold investments for proceeds of $115,652 (2024 - $46,894) and recognized a gain of $43,622 (2024 $nil) reflected through other comprehensive loss. 4. EXPLORATION AND EVALUATION ASSETS Acquisition and exploration expenditures incurred for the nine months ended November 30, 2025 and 2024 are: November 30, 2025 November 30, 2024 ACQUISITION COSTS Balance, beginning of the period $ 508,016 $ 498,469 Incurred during the period - 9,547 Balance, end of the period 508,016 508,016 EXPLORATION EXPENDITURES Assaying 136 4,664 Communications - 745 Equipment and vehicle rental 5,805 8,268 Food and accommodations 62 2,723 Geological - 1,000 Line cutting 22,509 - Other 3,021 931 Professional fees and field crews 62,285 76,450 Transportation and fuel 31,991 1,387 125,809 96,168 Mineral exploration tax credit (24,147) - Balance, beginning of the period 1,926,550 2,154,334 Balance, end of the period 2,028,212 2,250,502 OPTION PROCEEDS Balance, beginning of the period (1,384,605) (1,359,085) Gain on exploration and evaluation assets 79,800 - Proceeds received during the period (95,000) (70,000) Balance, end of the period (1,399,805) (1,429,085) $ 1,136,423 $ 1,1,329,433 Eastfield Resources Ltd. Notes to the Condensed Interim Financial Statements For the three and nine months ended November 30, 2025 and 2024 (Unaudited – Expressed in Canadian dollars) 4. EXPLORATION AND EVALUATION ASSETS (continued) Indata Property, Omineca Mining Division, British Columbia The Company has a 94.8% interest in the Indata property. Imperial Metals Corporation (“Imperial Metals”) owns the remaining 5.2% interest. This interest will be reduced if Imperial Metals fails to make its proportionate share of exploration and other payments on the property. On June 20, 2018 and amended on May 7, 2019, November 16, 2020, July 6, 2022, March 20, 2023, January 15, 2024, July 24, 2024 and March 19, 2025, the Company entered into an option agreement with Star Copper Corp. (“Star Copper” formally Alpha Copper Corp.) whereby Star Copper may earn a 60% interest in the Indata property by making $270,000 in cash payments, issuing $170,000 in shares and completing $2,700,000 in exploration work over a eight-year period ending December 31, 2026. During the year ended February 28, 2025 the Company received cash payments of $60,000 which resulted in a gain on exploration and evaluation assets of $44,480. Hedge Hog Project The Company owns a 100% interest in the copper, gold, silver, cobalt Hedge Hog project located in the Cariboo Mining division in British Columbia. In December 2020 --- and amended January 16, 2023 and August 2, 2023, the Company optioned a 60% interest to Silicon Metals Corp. (formally West Oak Gold Corp.). To earn its interest, Silicon was to make payments (cash and/or shares) totaling $392,500 and complete $1,750,000 in exploration expenditures over a five-year term. Upon completion of the earn-in, Eastfield would have retained a 40% working interest and a 0.5% net smelter return royalty. During the year ended February 28, 2025 the Company received cash payments of $10,000. In May 2025 Silicon Metals terminated the option on the Hedge Hog property. Iron Lake Property, Clinton Mining Division, British Columbia The Company acquired 100% of the Iron Lake property from Canevex Resources Ltd. and Scott Geophysics Ltd. (the “Vendors”). Canevex Resources Ltd. is owned by two directors of the Company. The Company has reserved a 1.5% net smelter royalty for the Vendors of which 1.0% is for Canevex Resources Ltd. Option agreement with Tech-X Resources In May 2021, and amended April 27, 2023 the Company entered into an agreement with Tech-X Resources Inc. (“Tech- X”) whereby Tech-X earned a 51% interest in the property. Tech-X can earn an additional 29% (80% total) by completing an additional $7,500,000 in exploration and making an additional $500,000 in cash payments over a further two-year period. Tech-X has also entered into an agreement with the original vendors of the Iron Lake properties who hold a 1.5% net smelter return on production from the Eastfield claims (“the Royalty”). The Production Royalty Purchase Agreement allows Tech-X to purchase up to two thirds of the Royalty for $3,000,000 and retain a first right of refusal to purchase the balance. Escalating advance royalty payments totaling $500,000 are payable over 80 months as a credit towards the purchase following commencement of commercial production. In the event that Tech-X elects not to exercise its purchase option then the advance royalty payments are repayable to Tech-X out of production and Eastfield will then be allowed to purchase the Royalty for $3,000,000 and if it so chooses to purchase the entire Royalty for $4,500,000. Zymo Property, Skeena Mining Division, British Columbia The Company holds a 100% interest in the Zymo property. Eastfield Resources Ltd. Notes to the Condensed Interim Financial Statements For the three and nine months ended November 30, 2025 and 2024 (Unaudited – Expressed in Canadian dollars) 4. EXPLORATION AND EVALUATION ASSETS (continued) CR Property, Cariboo Mining Division, British Columbia The Company holds a 100% interest in the CR property. Project Deposits As at November 30, 2025 and February 28, 2025, the Company held $28,646 in deposits provided to the Ministry of Energy and Mines of British Columbia (the “Ministry”) and $110,500 in term deposits, bearing interest at rates ranging from 0.20% to 0.75% and maturing over two years are provided as reclamation bonds for the above mineral properties. The term deposits will continue to be renewed to comply with the Ministry’s requirements. As these reclamation bonds are required to be in place whilst the Company has ownership of these mineral properties, they are recorded as non-current assets. 5. RIGHT-OF-USE ASSET AND LEASE OBLIGATIONS The Company leased office space under a lease agreement which expired on June 30, 2025 and converted to a month to month rental agreement thereafter. The Company’s right-of-use asset, lease obligations, and investment in office --- sub- leases are: Right-of-use Asset Cost Accumulated Depreciation Carrying Amount Balance February 29, 2024 $ 224,146 $ (167,881) $ 56,265 Additions - (26,800) (15,500) Balance November 30, 2024 $ 224,146 $ (152,482) $ 71,664 Balance February 28, 2025 $ 224,146 $ (210,081) $ 14,065 Additions - (14,065) (14,065) Balance November 30, 2025 $ 224,146 $ (224,146) $ - Lease Obligations February 28, 2025 $ 41,347 Less: interest 2,500 Lease Payments (43,847) Lease obligation, November 30, 2025 $ - The Company sub-leases a portion of its office space to Cariboo Rose Resources Ltd., a company with directors and officers in common. These sub-lease agreements have the same lease term as the head lease described above. Balances for the nine months ended November 30, 2025 and 2024 are: Investment in Office Sub-leases November 30, 2025 November 30, 2024 Balance, beginning of the period $ 21,468 $ 82,685 Sub-lease payments received (22,718) (48,564) Interest income 1,250 11,250 Balance, end of period $ - $ 45,371 Eastfield Resources Ltd. Notes to the Condensed Interim Financial Statements For the three and nine months ended November 30, 2025 and 2024 (Unaudited – Expressed in Canadian dollars) 6. SHARE CAPITAL Authorized Unlimited common and preferred shares without par value Private Placement On October 1, 2025 the Company completed a non-brokered private placement for total gross proceeds of $1,000,000. The private placement consisted of the sale of 50,000,000 units at a price of $0.02 per unit, with each unit consisting of one common share and one share purchase warrant, with each warrant entitling the holder to purchase an additional common share at a price of $0.05 until October 1, 2027. Share Purchase Options The Company issues options to directors, officers, and employees of the Company, and persons who provide ongoing services to the Company, under an incentive stock option plan. Share option terms issued under this stock option plan are at the discretion of the Board of Directors and generally include contractual lives of five years and exercise prices based on the fair market value of the common shares at the grant date. Options will normally vest entirely on the date of grant for directors, officers and employees and at the rate of 25% on the date of the grant and 25% every three months thereafter for consultants. A summary of changes in common share purchase options for the nine months ended November 30, 2025 and 2024 are: November 30, 2025 November 30, 2024 Number of Shares Weighted Average Exercise Price Number of Shares Weighted Average Exercise Price Balance, beginning of the period 3,740,000 $ 0.06 4,885,000 $ 0.06 Cancelled/Expired (200,000) 0.05 (495,000) 0.05 Granted 300,000 0.05 Options exercisable, end of period 3,840,000 $ 0.06 4,390,000 $ 0.06 The following common share purchase options are outstanding at November 30, 2025: Options Outstanding and Exercisable Expiry Date Number of shares Exercise price Weighted Average Remaining Life (Years) September 15, 2026 1,750,000 0.08 0.79 October 10, 2027 500,000 0.05 1.86 June 7, 2028 200,000 0.05 2.52 December 14, 2028 1,090,000 0.05 3.04 September 12, 2030 300,000 0.05 4.79 3,840,000 1.60 Share Purchase Warrants The following common share purchase warrants are outstanding at November 30, 2025: Expiry Date Number of warrants Outstanding Exercise price Weighted Average Remaining Life in years July 26, 2026 6,000,000 $ 0.05 0.65 October 1, 2027 50,000,000 0.05 1.84 56,000,000 $ 0.05 1.71 --- Eastfield Resources Ltd. Notes to the Condensed Interim Financial Statements For the three and nine months ended November 30, 2025 and 2024 (Unaudited – Expressed in Canadian dollars) 7. RELATED PARTY DISCLOSURES Related party transactions are recorded at the exchange amount agreed to by the parties. During the nine months ended November 30, 2025, geological services amounting to $128,985 (2024 - $99,294) were provided to the Company by Mincord Exploration Consultants Ltd. (“Mincord”), a geological service company owned by two directors of the Company. Mincord’s relationship with the Company is non-exclusive and without retainer and on a project-by-project basis. Services provided include the hiring of field and professional personnel, rental of vehicular, camp and technical equipment, transportation and mobilization costs. At November 30, 2025, accounts payable to related parties included $11,254 (February 28, 2025 - $45,885) payable to Mincord. The Company is related to Cariboo Rose Resources Ltd. (“Cariboo Rose”) through common directors and officers. In the normal course of business, the Company will enter into transactions with Cariboo Rose for the use of equipment, services and rental of office space. During the nine months ended November 30, 2025, amounts for rent, salaries, telephone, office, consulting, convention and travel costs of $82,041 were incurred by the Company on behalf of Cariboo Rose (2024 - $nil) and during the nine months ended November 30, 2025 amounts for rent, salaries, telephone, office, consulting, convention and travel costs of $nil were paid by Cariboo Rose on behalf of the Company (2024 - $36,445). At November 30, 2025, accounts payable included $nil payable to Cariboo Rose (February 28, 2025 - $60,041). 8. MANAGEMENT OF CAPITAL The Company’s objectives when managing capital are to safeguard the Company’s ability to continue as a going concern in order to pursue the exploration and development of its mineral property interests, and to maintain a flexible capital structure which optimizes the costs of capital at an acceptable risk. The Company considers its capital for this purpose to be its shareholders’ equity. The Company manages the capital structure and makes adjustments to it in light of changes in economic conditions and the risk characteristics of the underlying assets. To maintain or adjust the capital structure, the Company may issue new shares or debt, acquire or dispose of assets or adjust the amount of cash and investments. In order to facilitate the management of its capital requirements, the Company prepares annual expenditure budgets that are updated as necessary depending on various factors, including successful capital deployment and general industry conditions. The annual and updated budgets are approved by the Board of Directors. In order to maximize ongoing development efforts, the Company does not pay out dividends. The Company’s investment policy is to invest its surplus cash in highly liquid short-term interest-bearing investments with maturities 90 days or less from the original date of acquisition, selected with regard to the expected timing of expenditures from continuing operations. The Company currently has sufficient capital resources to meet its administrative overhead expenses through its current operating period and it is confident it can raise additional funds to undertake all of its planned business activities. Actual funding requirements may vary from those planned due t --- o a number of factors. Management believes it will be able to raise capital as required in the long term, but recognizes that there will be risks involved that may be beyond its control. 9. RISK MANAGEMENT AND FINANCIAL INSTRUMENTS The Company’s financial instruments are exposed to certain risks, which include credit, liquidity, and market risk. The risks related to financial instruments are managed by the senior management of the Company under policies and directions approved by the Board of Directors. Eastfield Resources Ltd. Notes to the Condensed Interim Financial Statements For the three and nine months ended November 30, 2025 and 2024 (Unaudited – Expressed in Canadian dollars) 9. RISK MANAGEMENT AND FINANCIAL INSTRUMENTS (continued) Liquidity Risk Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they fall due. Accounts payable and accrued liabilities and payable to related parties are due within the current operating period. The Company’s lease obligations are due as set out in Note 5. The Company manages liquidity risk through the management of its capital structure (Note 8) and financial leverage. 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. The Company’s cash is held at large Canadian financial institutions. The Company’s receivables consist mostly of Goods and Services Tax due from the federal government of Canada and mineral exploration tax credit receivable from the Government of British Columbia. As such, the Company considers the risk of these receivables to be minimal and has not recognized an expected credit loss allowance on these financial instruments. As at November 30, 2025 and 2024, none of the Company’s financial instruments subject to credit risk were past due or impaired. The Company has determined that the expected credit losses on its accounts receivable and project deposits are not significant and accordingly has not recognized an allowance for expected credit losses as at November 30, 2025 and 2024. Market Risk Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. The Company’s market risk is comprised of two types of risk: interest rate risk, and equity price risk. (i) 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 when holding fixed rate short term deposits of varying maturities. The risk that the Company will realize a loss as a result of a decline in the fair value of the cash equivalents investments is limited because these investments are generally highly liquid securities with short-term maturities. As at November 30, 2025 and 2024, the Company considers its exposure to interest rate risk to be minimal. (ii) Equity risk is the uncertainty associated with the valuation of assets arising from changes in equity markets. The Company is exposed to this risk through its investment in equity instruments. All of the Company’s listed equity investments (Note 3) are common shares of companies listed on the Toronto Stock Exchange and the Toronto Stock Exchange’s Venture Exchange and are monitored by management with decisions on sale taken at the board level. (iii) Foreign currency risk is the risk that a variation --- in exchange rates between the Canadian dollar and US dollar or other foreign currencies will affect the Company’s operations and financial results. The Company does not have significant exposure to foreign exchange rate fluctuation as it has a limited number of transactions denominated in foreign currencies. 10. SEGMENTED DISCLOSURES The Company operates in one industry segment, the acquisition and exploration of mineral properties, within one geographical area, Canada. For the three and six months ended November 30, 2025 and 2024 all income was earned and all expenses were incurred in Canada and all non-current assets were held in Canada.