SEDAR Interim Financial Statements

Hanna Capital Corp. Condensed Interim Consolidated Financial Statements For the Three and Six Months Ended December 31, 2025 and 2024 (Unaudited - Expressed in Canadian Dollars) 2 Notice to Reader Issued by Management Under National Instrument 51-102, Part 4, Subsection 4.3(3)(a), if an auditor has not performed a review of the condensed interim consolidated financial statements, they must be accompanied by a notice to this effect. The accompanying unaudited condensed interim consolidated financial statements have been prepared and are the responsibility of the Company’s management. The Company’s independent auditor has not performed a review of the unaudited condensed interim consolidated financial statements. March 2nd, 2026 3 Hanna Capital Corp. Condensed Interim Consolidated Statements of Financial Position As at December 31, 2025 and June 30, 2025 (Unaudited - Expressed in Canadian Dollars) Nature of operations and going concern (Note 1) Related Party Transactions (Note 8) Approved on behalf of the Board: “Hider Hasgul”, Director “Jonathon Bolton”, Director (signed) (signed) The accompanying notes are an integral part of these condensed interim consolidated financial statements. December 31, 2025 June 30, 2025 $ $ ASSETS Current Cash and cash equivalents 53,131 5,900 Investment (Note 10) 63,000 63,000 Sales tax receivable 13,388 9,010 129,519 77,910 Exploration and evaluation assets (Note 4) 1 1 Total assets 129,520 77,911 LIABILITIES Current Accounts payable and accrued liabilities (Note 8) 50,262 502,347 Total liabilities 50,262 502,347 SHAREHOLDERS' EQUITY Share capital (Note 5) 10,581,605 10,013,880 Reserves 1,610,878 1,610,878 Accumulated deficit (12,113,225) (12,049,194) Total shareholders' equity (deficiency) 79,258 (424,436) Total liabilities and shareholders' equity 129,520 77,911 4 Hanna Capital Corp. Condensed Interim Consolidated Statements of Operations and Comprehensive Loss For the Three and Six Months Ended December 31, 2025 and 2024 (Unaudited - Expressed in Canadian Dollars) The accompanying notes are an integral part of these condensed interim consolidated financial statements. Three Months Ended December 31, 2025 Three Months Ended December 31, 2024 Six Months Ended December 31, 2025 Six Months Ended December 31, 2024 $ $ $ $ Expenses Consulting fees (Note 8) 11,500 15,000 11,500 30,000 Office and administration 718 908 813 1,502 Professional fees and transfer agent fees 12,835 8,448 25,335 13,901 Investor relations 23,694 - 26,383 - Interest expense (Note 9) - 5,523 - 10,911 48,747 29,879 64,031 56,314 Net loss before undernoted (48,747) (29,879) (64,031) (56,314) Foreign exchange loss - (16,276) - (12,890) (48,747) (46,155) (64,031) (69,204) Net loss per share - basic and diluted (0.00) (0.00) (0.00) (0.00) 113,545,334 56,772,817 88,726,747 56,772,817 Net loss and comprehensive loss for the period Weighted average number of outstanding common shares - basic and diluted 5 Hanna Capital Corp. Condensed Interim Consolidated Statements of Changes in Shareholders’ Equity (Deficiency) For the Six Months Ended December 31, 2025 and 2024 (Unaudited - Expressed in Canadian Dollars) The accompanying notes are an integral part of these condensed interim consolidated financial statements. Number of Share Accumulated Total Common Shares Capital Reserve Deficit # $ $ $ $ Balance, June 30, 2024 56,772,817 10,013,880 1,610,878 (11,704,045) (79,287) Net loss for the period - - - (69,204) (69,204) Balance, December 31, 2024 56, --- 772,817 10,013,880 1,610,878 (11,773,249) (148,491) Balance, June 30, 2025 56,772,817 10,013,880 1,610,878 (12,049,194) (424,436) Common shares issued for settlement for debt (Note 5) 45,917,936 459,179 - - 459,179 Common shares issued for private placement (Note 5) 10,854,581 108,546 - - 108,546 Net loss for the period - - - (64,031) (64,031) Balance, December 31, 2025 113,545,334 10,581,605 1,610,878 (12,113,225) 79,258 6 Hanna Capital Corp. Condensed Interim Consolidated Statements of Cash Flows For the Six Months Ended December 31, 2025 and 2024 (Unaudited - Expressed in Canadian Dollars) The accompanying notes are an integral part of these condensed interim consolidated financial statements. December 31, 2025 December 31, 2024 $ $ Operating activities Net loss for the period (64,031) (69,204) Interest expense - 10,911 Foreign exchange - 12,890 Changes in non-cash working capital items: Sales tax receivable (4,378) 42,467 Accounts payable and accrued liabilities 7,094 9,378 Net cash provided by (used in) operating activities (61,315) 6,442 Investing activities Expenditures on exploration and evaluation assets - (6,186) Net cash provided by (used in) investing activites - (6,186) Financing activities Due from related party - 2,000 Proceeds from private placement 108,546 - Net proceeds from financing activities 108,546 2,000 Net increase in cash 47,231 2,256 Cash, beginning of period 5,900 769 Cash, end of period 53,131 3,025 Hanna Capital Corp. Notes to the Condensed Interim Consolidated Financial Statements For the Three and Six Months Ended December 31, 2025 and 2024 (Unaudited - Expressed in Canadian Dollars) 7 1. NATURE OF OPERATIONS AND GOING CONCERN Hanna Capital Corp. (the “Company” or “Corporation”) was incorporated under the laws of the State of Nevada on June 1, 2004. The Company is in the business of acquiring and exploring mineral properties in Canada. The primary office of the Company is located at 1800-130 King Street West, Toronto, ON, M5X 1E3. The Company’s shares are traded on the NEX Board of the TSX Venture Exchange (“TSX-V”) under the stock symbol HCC.H. These condensed interim consolidated financial statements were prepared on a going concern basis of presentation, which assumes that the Company will continue operations for the foreseeable future and be able to realize the carrying value of its assets and discharge its liabilities and commitments in the normal course of business. The Company has not earned significant revenue and as at December 31, 2025 had an accumulated deficit of $12,113,225 (June 30, 2025 – $12,049,194). The Company’s ability to continue as a going concern is dependent upon its ability to obtain additional financing and or achieve profitable operations in the future. These condensed interim consolidated financial statements do not reflect adjustments that would be necessary if the going concern assumption was not appropriate. These adjustments could be material. As at December 31, 2025, the Company had a working capital surplus of $79,257 and a working capital deficiency of $424,437 as at June 30, 2025. As the Company is in the exploration and evaluation stage, the Company has not identified a known body of commercial grade mineral on any of its properties. The ability of the Company to realize the costs it has incurred to date on these properties is dependent upon the Company identifying a commercial mineral body, to finance its exploration and evaluation costs and to resolve any environment --- al, regulatory or other constraints, which may hinder the successful exploration and evaluation of the property. The Company has financed its activities through the issuance of equity securities and debt financing. The Company expects to use similar financing techniques in the future and is pursuing such additional sources of financing as estimated to be required to sufficiently support its operations until such time that its operations become self-sustaining. To date, the Company has not earned any revenues. These material uncertainties may cast significant doubt on the Company’s ability to continue as a going concern. 2. BASIS OF PREPARATION (a) Statement of Compliance These condensed interim consolidated financial statements of the Company and its subsidiaries were prepared using accounting policies in accordance with IFRS and in accordance with International Accounting Standards (“IAS”) 34, Interim Financial Reporting. These condensed interim consolidated financial statements do not contain all disclosures required by IFRS and accordingly should be read in conjunction with the Company’s annual consolidated financial statements for the year ended June 30, 2025. These condensed interim consolidated financial statements have been reviewed and approved by the Company’s Audit Committee and its Board of Directors on March 2nd, 2026. Hanna Capital Corp. Notes to the Condensed Interim Consolidated Financial Statements For the Three and Six Months Ended December 31, 2025 and 2024 (Unaudited - Expressed in Canadian Dollars) 8 (b) Basis of Presentation (continued) These condensed interim consolidated financial statements have been prepared on a historical cost basis, except where otherwise disclosed. Historical cost is based on the fair value of the consideration given in exchange for assets. In addition, these condensed interim consolidated financial statements have been prepared using the accrual basis of accounting, except for cash flow information. (c) Functional and Presentation Currency These condensed interim consolidated financial statements are presented in Canadian dollars (“$”). The functional currency of the Company, as determined by management, is Canadian dollars. (d) Use of Estimates and Judgements The preparation of financial statements in conformity with IFRS requires management to make judgments, estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Although these estimates are based on management’s best knowledge of the amount, event or actions, actual results ultimately may differ from those estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimates are revised and in any future periods affected. (i) Critical accounting estimates Critical accounting estimates are estimates and assumptions made by management that may result in a material adjustment to the carrying amount of assets and liabilities within the next financial year and are, but are not limited to, the following: The carrying value and the recoverability of exploration and evaluation assets - Management has determined that exploration and evaluation costs incurred which were capitalized may have future economic benefits and may be economically recoverable. Management uses several criteria in its assessments of --- economic recoverability and probability of future economic benefits including geologic and other technical information, scoping and feasibility studies, accessibility of facilities and existing permits. Share-based compensation - The fair value of stock options and warrants issued are subject to the limitation of the Black-Scholes option pricing model which incorporates market data and which involves uncertainty and subjectivity in estimates used by management in the assumptions. Changes in the input assumptions can materially affect the fair value estimate of stock options and warrants. Hanna Capital Corp. Notes to the Condensed Interim Consolidated Financial Statements For the Three and Six Months Ended December 31, 2025 and 2024 (Unaudited - Expressed in Canadian Dollars) 9 2. BASIS OF PREPARATION (continued) Recovery of deferred tax assets - The estimation of income taxes includes evaluating the recoverability of deferred tax assets and liabilities based on an assessment of the Company’s ability to utilize the underlying future tax deductions against future taxable income prior to expiry of those deductions. Management assesses whether it is probable that some or all of the deferred income tax assets and liabilities will not be realized. The ultimate realization of deferred tax assets and liabilities is dependent upon the generation of future taxable income, which in turn is dependent upon the successful execution of the Company’s business plan. To the extent that management’s assessment of the Company’s ability to utilize future tax deductions changes, the Company would be required to recognize more or fewer deferred tax assets or liabilities, and deferred income tax provisions or recoveries could be affected. (ii) Critical accounting judgments Information about critical judgments in applying accounting policies that have the most significant effect on the amounts recognized in the consolidated financial statements are, but are not limited to, the following: Determination of functional currency - In accordance with IAS 21, “The Effects of Changes in Foreign Exchange Rates,” management determined that the functional currency of the Company and its wholly- owned subsidiary, Taman, is the Canadian dollar. Going Concern – The preparation of these consolidated financial statements requires management to make judgements regarding the going concern of the Company, as disclosed in Note 1. (e) Basis of Consolidation The consolidated financial statements incorporate the financial statements of the Company and its wholly owned subsidiary, Taman Petroleum Corporation ("Taman") which is inactive. All intercompany transactions, balances, income and expenses are eliminated upon consolidation. Subsidiaries are those entities which the Company controls by having the power to govern the financial and operating policies. The existence and effect of potential voting rights that are currently exercisable or convertible are considered when assessing whether the Company controls another entity. Subsidiaries are fully consolidated from the date on which control is obtained by the Company and are deconsolidated from the date that control ceases. Hanna Capital Corp. Notes to the Condensed Interim Consolidated Financial Statements For the Three and Six Months Ended December 31, 2025 and 2024 (Unaudited - Expressed in Canadian Dollars) 10 3. MATERIAL ACCOUNTING POLICY INFORMATION These condensed interim consolidated financial statements have been prepared us --- ing the same accounting policies, significant accounting judgments and estimates, and methods of computation as the annual consolidated financial statements of the Company as at and for the year ended June 30, 2025, as described in Note 2 and Note 3 of those annual consolidated financial statements. 4. EXPLORATION AND EVALUATION ASSETS Title to mineral property of interests involves certain inherent risks due to the difficulties of determining the validity of certain claims as well as the potential for problems arising from the frequently ambiguous conveyancing history characteristic of many mineral claims. The Company has investigated title to all of its mineral property interests capitalized and, to the best of its knowledge, title to all of its interests are in good standing. The Company’s mineral property interests are located in Canada. Carscallen Property, Ontario The Company has a 100% interest in certain mining claims west of the City of Timmins known as the Carscallen property (the “Property). During the year ended June 30, 2025 and subsequent to year-end, the Company’s activity on the Property had reduced. As a result of certain indicators of impairment being met, the Property was deemed impaired and an impairment charge in the amount $312,169 was recorded during the year ended June 30, 2025 (June 30, 2024 - $nil), with a remaining nominal value of $1. The balance as at December 31, 2025 amounted to $1. 5. SHARE CAPITAL The authorized share capital consists of an unlimited number of common shares, without par value and an unlimited number of preferred shares, without par value. All issued shares are fully paid. During the six months ended December 31, 2025, the Company had the following common share transactions: • completed a debt conversion transaction pursuant to which the Company issued 45,917,936 common shares to extinguish $459,179 in outstanding debt owed to creditors; and • the Company completed a private placement in the amount of $108,546 at a price of $0.01 per common share for the issuance of 10,854,581 common shares. The Company did not have any share-based transactions during the year ended June 30, 2025. Carscallen Property Total $ $ Balance, June 30, 2024 305,984 305,984 Additions 6,186 6,186 Impairment (312,169) (312,169) Balance, June 30, 2025 1 1 Additions - - Impairment - - Balance, December 31, 2025 1 1 Hanna Capital Corp. Notes to the Condensed Interim Consolidated Financial Statements For the Three and Six Months Ended December 31, 2025 and 2024 (Unaudited - Expressed in Canadian Dollars) 11 6. WARRANTS Share purchase warrants Number of Weighted A Warrants Exercise Price Balance, June 30, 2024 10,000,000 $ 0.08 Granted (Expired) (10,000,000) 0.08 Balance, June 30, 2025 - $ - Granted (Expired) - - Balance, December 31, 2025 - $ - On October 23, 2022, the Company extended the expiry date of 10,000,000 share purchase warrants that were previously issued at an exercise price of $0.08 per common share by two years to October 23, 2024. As the share purchase warrants were initially valued using the residual method, there was no subsequent change in the valuation on the extension of the share purchase warrants. During the year ended June 30, 2025, these share purchase warrants expired, unexercised. There were no share purchase warrants outstanding as at December 31, 2025. 7. STOCK OPTIONS The Company has an incentive stock option plan in place with the TSX Venture Exchange ("TSXV"), under which it is authorized --- to grant options to executive officers, directors, employees and consultants. The Company has implemented a fixed plan, whereby it may not exceed a total of 7,930,000 options under the plan. The exercise price of the options is fixed by the Board of Directors of the Company at the time of grant, subject to all applicable regulatory requirements. The options can be granted for a maximum term of five years and vest as determined by the Board of Directors. Stock options Number of Weighted Warrants Exercise Price Balance, June 30, 2024 4,500,000 $ 0.05 Granted (Expired) (4,500,000) (0.05) Balance, June 30, 2025 - $ - Granted (Expired) - - Balance, December 31, 2025 - $ - During the year ended June 30, 2025, 4,500,000 stock options expired, unexercised. These stock options expired on May 17, 2025. The Company did not have any stock options grants during the six months ended December 31, 2025 and year ended June 30, 2025. Hanna Capital Corp. Notes to the Condensed Interim Consolidated Financial Statements For the Three and Six Months Ended December 31, 2025 and 2024 (Unaudited - Expressed in Canadian Dollars) 12 8. RELATED PARTY TRANSACTIONS In accordance with IAS 24, key management personnel are those persons having authority and responsibility for planning, directing and controlling the activities of the Company directly or indirectly, including any directors (executive and non-executive) of the Company. i) As at December 31, 2025, Martina Minerals Corp., a corporation related by way of a common director, owed the Company $nil (June 30, 2025 – $nil) which was included in due from related party and the amount is unsecured, non-interest bearing and due on demand. During the year ended June 30, 2025, Martina Minerals Corp. assigned the debt to an arm’s length party who repaid the outstanding balance in the amount of $73,189 to Hanna Capital Corp. and accordingly, did not have an outstanding loan payable as at June 30, 2025 and December 31, 2025. Balances due to related parties are unsecured, non-interest bearing (unless otherwise stated), and have no fixed terms of repayment; and ii) During the year ended June 30, 2025, the Company entered into debt assignment agreements for the Revised Note and Note A with three debt assignees for an aggregate assigned debt amount of $230,066 (“Debt Assignment”). The amounts are unsecured, non-interest bearing, with no set terms of repayment and accordingly was reclassified into accounts payable and accrued liabilities. During the year ended June 30, 2025, a gain in the amount of $70,197 was recorded on the Debt Assignment. During the six months ended December 31, 2025, the debt was settled through the issuance of common shares (Note 5). This debt was to parties that was related to directors and officers that were appointed contemporaneously with settlement of debt. 9. LOAN PAYABLE As at December 31, 2025, the Company had the following loans payables: A loan payable to an arms length party in the amount of $nil (June 30, 2025 - $nil). This loan payable is unsecured, non-interesting bearing and due on demand. During the year ended June 30, 2025, the loan payable in the principal amount of $37,066 was assigned to another party and accordingly was included in accounts payable and accrued liabilities. No gain or loss was recorded on the debt assignment. An unsecured promissory note issued to an arms length party on April 4, 2022, in the principal amount of US $100,000 (the “Note”). On April 25, 2023, the Company --- entered into a new note for the outstanding amount including accrued interest, in the amount of US $108,000, bearing interest at 10% per annum, maturing on April 25, 2024 (the “Revised Note”). Interest expense on the Note and the Revised Note during the three and six months ended December 31, 2025 amounted to $nil, respectively (December 31, 2024 – $3,775 and $7,458, respectively). The outstanding balance and accrued interest for this promissory note as at December 31, 2025 was assigned as per below and amounted to $nil (June 30, 2025 – $nil). An unsecured promissory note issued to an arms length party on April 25, 2023, in the principal amount of US $50,000 (the “Note A”). The promissory note bears interest at 10% per annum and matures on August 25, 2023. On August 25, 2023, the Company entered into an extension agreement with the lender to extend maturity of the promissory note to November 30, 2023. On December 1, 2023, the Company extended this promissory note until November 30, 2024. Interest expense in relation to this during the three and six months ended December 31, 2025 amounted to $nil (December 31, 2024 – $1,748 and $3,453, respectively). The outstanding balance and accrued interest as at December 31, 2025 was assigned as per below and amounted to $nil (June 30, 2025 – $nil). Hanna Capital Corp. Notes to the Condensed Interim Consolidated Financial Statements For the Three and Six Months Ended December 31, 2025 and 2024 (Unaudited - Expressed in Canadian Dollars) 13 9. LOAN PAYABLE (continued) During the year ended June 30, 2025, the Company entered into debt assignment agreements for the Revised Note and Note A with three debt assignees for an aggregate assigned debt amount of $230,066 (“Debt Assignment”). The amounts are unsecured, non-interest bearing, with no set terms of repayment and accordingly was reclassified into accounts payable and accrued liabilities. During the year ended June 30, 2025, a gain in the amount of $70,197 was recorded on the Debt Assignment. During the six months ended December 31, 2025, the debt was settled through the issuance of common shares (Note 5). This debt was to parties that was related to directors and officers that were appointed contemporaneously with settlement of debt. 10. INVESTMENT IN RELATED PARTY The Company holds 900,000 common shares of Martina Minerals Corp. (the “Martina Shares”), a related corporation by virtue of common officers and directors. During the six months ended December 31, 2025, the Company recorded an unrealized gain on Martina Shares in the amount of $nil (December 31, 2024 - $nil). As at December 31, 2025, the investment in related party amounted to $63,000 (June 30, 2025 – $63,000). 11. FINANCIAL INSTRUMENTS AND RISK FACTORS Financial risk management The Company’s financial risk management policies are established to identify and analyse the risks faced by the Company, to set acceptable risk tolerance limits and controls, and to monitor risks and adherence to limits. The financial risk management policies and systems are reviewed regularly to ensure they remain consistent with the objectives and risk tolerance acceptable to the Company and current market trends and conditions. Measurement and classification of financial instruments Financial instruments measured at fair value are classified into one of three levels in the fair value hierarchy according to the relative reliability of the inputs used to estimate the fair values. The three levels of the fair valu --- e hierarchy are: • Level 1 – Unadjusted quoted prices in active markets for identical assets or liabilities; • Level 2 – Inputs other than quoted prices that are observable for the asset or liability either directly or indirectly; and • Level 3 – Inputs that are not based on observable market date. The Company’s financial instruments are cash, investment, due from related party, accounts payable and loans payable. The fair value of the Company’s accounts payable and loans payable approximate their carrying value, due to their short terms to maturity. The Company’s risk exposures and the impact on the Company’s financial instruments are summarized below. The Company is exposed to credit risk, currency risk, liquidity risk and interest rate risk. Hanna Capital Corp. Notes to the Condensed Interim Consolidated Financial Statements For the Three and Six Months Ended December 31, 2025 and 2024 (Unaudited - Expressed in Canadian Dollars) 14 11. FINANCIAL INSTRUMENTS AND RISK FACTORS (continued) Risk management policies The Company, through its financial assets and liabilities, is exposed to various risks. The Company has established policies and procedures to manage these risks, with the objective of minimizing any adverse effect that changes in these variables could have on these condensed interim consolidated financial statements. The following analysis provides a measurement of risks as at December 31, 2025: Credit risk Credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial instrument fails to meet its contractual obligations. The Company is not exposed to any significant credit risk. Sales receivable are sales tax refunds due from the Canadian government. Liquidity risk Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they fall due within one year. The Company’s approach to managing liquidity risk is to ensure, as far as possible, that it will have sufficient liquidity to meet its liabilities when due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to the Company’s reputation. As at December 31, 2025, there is substantial doubt about the Company’s ability to continue as a going concern primarily due to its history of losses. Liquidity risk continues to be a key concern in the development of future operations. Market risk (i) 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 interest rates on all of the Company’s existing debt are fixed, and therefore it is not currently subject to any significant cash flow interest rate risk. (ii) Foreign currency risk The Company is exposed to foreign currency risk from fluctuations in foreign exchange rates and the degree of volatility in these rates due to the timing of their accounts payable balances. The risk is mitigated by timely payment of creditors and monitoring of foreign exchange fluctuations by management. As at December 31, 2025, the Company did not use derivative instruments to hedge its exposure to foreign currency risk. (iii) Price risk The Company’s operations do not involve the direct input or output of any commodities and therefore it is not subject to any significant commodity price risk. The Company has equity investments in another listed public company, as noted per Note 10 and is subject to any significant --- stock market price risk. Hanna Capital Corp. Notes to the Condensed Interim Consolidated Financial Statements For the Three and Six Months Ended December 31, 2025 and 2024 (Unaudited - Expressed in Canadian Dollars) 15 12. CAPITAL MANAGEMENT The Company’s objectives when managing its capital are to safeguard its ability to continue as a going concern, to meet its capital expenditures for its continued operations, and to maintain a flexible capital structure which optimizes the cost of capital within a framework of acceptable risk. The Company manages its capital structure and adjusts it in light of changes in economic conditions and the risk characteristics of the underlying assets. To maintain or adjust its capital structure, the Company may issue new shares, issue new debt, or acquire or dispose of assets. The Company is not subject to externally imposed capital requirements. Management reviews its capital management approach on an ongoing basis and believes that this approach, given the relative size of the Company, is reasonable. There have been no changes to the Company’s capital management approach during the period ended December 31, 2025. The Company considers its cash and items within shareholders’ equity as capital.