SEDAR Interim Financial Statements

Jade Leader Corp. Condensed Interim Consolidated Financial Statements (Expressed in Canadian Dollars) December 31, 2025 (Unaudited) Notice to Reader These condensed interim consolidated 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. Jade Leader Corp. Condensed Interim Consolidated Statements of Financial Position (Expressed in Canadian Dollars) (Unaudited - prepared by management) 1 December 31 September 30 2025 2025 ASSETS Current Assets Cash (Note 5) $ 54,838 $ 113,090 Accounts receivable (Note 6) 5,496 2,220 Prepaid expenses 15,972 23,794 76,306 139,104 Non-current Assets Exploration and evaluation asset advances and deposits (Note 7) 4,357 4,357 Exploration and evaluation assets (Note 7) 1,378,742 1,374,083 Property and equipment (Note 8) 14,395 14,834 1,397,494 1,393,274 TOTAL ASSETS $ 1,473,800 $ 1,532,378 EQUITY AND LIABILITIES Current Liabilities Accounts payable and accrued liabilities (Note 9) $ 436,895 438,424 Deferred revenue 6,061 $ 1,061 442,956 439,485 Non-current Liabilities Decommissioning obligation 13,077 13,077 TOTAL LIABILITIES 456,033 452,562 EQUITY Share capital (Note 11) 15,098,405 15,098,405 Reserves 3,710,380 3,710,380 Deficit (17,791,018) (17,728,969) TOTAL EQUITY 1,017,767 1,079,816 TOTAL EQUITY AND LIABILITIES $ 1,473,800 $ 1,532,378 Nature and continuance of operations (Note 1) Approved by the Board "Shane Ebert" ___________________________ Director "Jean Pierre Jutras" ___________________________ Director See accompanying notes to the financial statements. Jade Leader Corp. Condensed Interim Consolidated Statements of Loss and Comprehensive Loss (Expressed in Canadian Dollars) For the three months ended December 31, (Unaudited - prepared by management) 2 2025 2024 Expenses General and administrative (Note 13) $ 57,198 $ 47,380 Reporting to shareholders 3,959 3,165 Professional fees 1,247 3,019 Stock exchange and transfer agent fees 2,478 2,483 Property fees and taxes 1,995 1,995 Depreciation 439 7,741 Accretion - 755 67,316 66,538 Operating loss (67,316) (66,538) Other items Office operating cost recovery 6,366 5,671 Interest and other (1,099) (281) 5,267 5,390 Net loss and comprehensive loss $ (62,049) $ (61,148) Basic and diluted loss per share $ 0.00 $ 0.00 Weighted average shares outstanding - basic and diluted 74,707,293 68,082,293 See accompanying notes to the financial statements. Jade Leader Corp. Condensed Interim Consolidated Statements of Cash Flows (Expressed in Canadian Dollars) For the three months ended December 31, (Unaudited - prepared by management) 3 2025 2024 Increase (decrease) in cash Operating activities Cash received from office operating cost recovery $ 6,366 $ 5,671 Deferred revenue, jade sales 5,000 - Cash paid to suppliers and contractors (Note 16) (63,862) (45,521) Cash used in operating activities (52,496) (39,850) Investing activities Interest and other income (1,099) (281) Cash received on sale of short term investments - - Cash expended on exploration and evaluation asset additions (Note 16) (4,659) (953) Cash provided (used) in investing activities (5,758) (1,234) Financing activities Share issue costs - (98) Payment of lease liability (Note 10) - (10,973) Cash used in financing activities - (11,071) Decrease in cash Cash, (58,254) (52,155) Beginning of year 113,090 75,204 End of year $ 54,838 $ 23,049 See accompanying notes to the financial state --- ments. Jade Leader Corp. Condensed Interim Consolidated Statement of Changes in Equity (Expressed in Canadian Dollars) (Unaudited - prepared by management) 4 Reserves Common share Capital $ Equity- settled share based payment $ Warrants $ Other* $ Total Reserves $ Deficit $ Total $ Balance, September 30, 2024 14,836,773 81,002 285,285 3,344,093 3,710,380 (17,456,566) 1,090,587 Net loss and comprehensive loss for the period (61,148) (61,148) Share issue costs (97) - - - - - (97) Balance, December 31, 2024 14,836,676 81,002 285,285 3,344,093 3,710,380 (17,517,714) 1,029,342 Net loss and comprehensive loss for the period - - - - - (211,255) (211,255) Private placement February 2025 265,000 - - - - - 265,000 Warrants expired, April 2025 - - (59,000) 59,000 - - - Warrants expired, August 2025 - - (107,153) 107,153 - - - Share issue costs (3,271) - - - - - (3,271) Balance, September 31, 2025 15,098,405 81,002 119,132 3,510,246 3,710,380 (17,728,969) 1,079,816 Net loss and comprehensive loss for the period - - - - - (62,049) (62,049) Warrants expired November 2025 - - (89,132) 89,132 - - - Balance, December 31, 2025 15,098,405 81,002 30,000 3,599,378 3,710,380 (17,791,018) 1,017,767 *“Other reserves” is comprised of the aggregate of the value of options and warrants that expired without exercise or were forfeited. These values were relieved from the share based payment reserve and warrants reserve respectively upon the cancellation/expiry of the equity instrument. See accompanying notes to the financial statements. Jade Leader Corp. Notes to the Condensed Interim Consolidated Financial Statements (Expressed in Canadian Dollars) (Unaudited - prepared by management) December 31, 2025 5 1. Nature and continuance of operations Jade Leader Corp. (“Jade Leader” or “the Company”) is engaged in the business of mineral exploration and development in Canada and the United States. The Company was incorporated under the laws of the Province of British Columbia, Canada and continued under the Business Corporations Act (Alberta). The address of its primary office is Suite 1620, 734 - 7th Avenue SW, Calgary, Alberta, Canada, T2P 3P8. The Company's common shares are listed on the TSX Venture Exchange (the "Exchange") under the symbol “JADE.” Since inception, the efforts of the Company have been devoted to the acquisition, exploration and development of mineral properties. To date the Company has not received significant revenue from mining operations and has not determined whether mineral properties contain ore reserves that are economically recoverable. The Company incurred a net loss of $62,049 during the three-month period ended December 31, 2025, (December 31, 2024 - $61,148). The Company has a deficit of $17,791,018 at December 31, 2025, (September 30, 2025 - $17,728,969). The Company’s ability to continue to explore and develop its mineral properties and to continue as a going concern is dependent upon its ability to raise additional equity financing and/or increase its Jade or other gem material sales. There is no assurance that the Company will be successful in achieving profitable operations given its early-stage exploration, and no assurance that it will obtain financing. These uncertainties cast significant doubt on the Company’s ability to continue as a going concern. These financial statements do not include any adjustments which could be significant should the Company be unable to continue as a going concern. 2. Basis of presentation a) Basis of --- presentation These unaudited condensed interim consolidated financial statements are unaudited and have been prepared in accordance with International Accounting Standard (“IAS”) 34 “Interim Financial Reporting”, using accounting policies consistent with International Financial Reporting Standards and International Accounting Standards as issued by the International Accounting Standards Board (IASB) and Interpretations (collectively IFRS Accounting Standards). These unaudited condensed interim consolidated financial statements have been prepared on a historical cost basis except for decommissioning obligations and financial instruments. In addition, these statements have been prepared using the accrual basis of accounting except for cash flow information. b) Principles of consolidation These consolidated financial statements include the accounts of the Company and its wholly owned US subsidiary, Jadex Corporation (“Jadex”). Jadex was incorporated by the Company on July 7, 2017, in Washington State, USA, to conduct its exploration and development business in the USA. All intercompany transactions and balances have been eliminated on consolidation. Subsidiaries are those entities that the Company controls through its power to govern the financial and operating policies of the subsidiary. Subsidiaries are fully consolidated from the date control is obtained and are de-consolidated from the date control ceases. The functional currency of Jadex is the Canadian dollar. 3. Material accounting policies and future standards not yet adopted The financial framework and material accounting policies applied in the preparation of these unaudited condensed interim consolidated financial statements are consistent with those as disclosed in its most recently completed audited annual consolidated financial statements for the year ended September 30, 2025. The Company did not adopt any new accounting policies during the three months ended December 31, 2025. Jade Leader Corp. Notes to the Condensed Interim Consolidated Financial Statements (Expressed in Canadian Dollars) (Unaudited - prepared by management) December 31, 2025 6 3. Material accounting policies and future standards not yet adopted (continued) Future standards not yet adopted include the Presentation and disclosure in Financial Statements (IFRS 18). IFRS 18 will replace IAS 1, Presentation of Financial Statements which aims to improve how companies communicate in their financial statements, with a focus on information about financial performance in the statement of profit or loss, in particular additional defined subtotals, disclosures about management-defined performance measures and new principles for aggregation and disaggregation of information. IFRS 18 is accompanied by limited amendments to the requirements in IAS 7 Statement of Cash Flows and is effective from January 1, 2027. Companies are permitted to apply IFRS 18 before that date. The Company is not yet able to determine the impact to the consolidated financial statements from the adoption of this standard. Certain pronouncements were issued by the IASB but are not yet effective as at December 31, 2025. The Company intends to adopt these standards when they become effective but does not expect these amendments to have a material effect on its consolidated financial statements. 4. Significant accounting judgments and estimates The preparation of financial statements requires management to make certain estimates, judgments and assump --- tions that affect the reported amounts of assets, liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual outcomes could differ from these estimates. Circumstances could arise over the years that would require material revisions to these estimates. Changes in assumptions could have a material effect on the fair value of estimates. These financial statements include estimates that, by their nature, are uncertain. The impacts of such estimates are pervasive throughout the financial statements and may require accounting adjustments based on future occurrences. Adjustments resulting from revisions to accounting estimates are recognized in the period in which the estimate is revised, and future periods if the revision affects both current and future periods. These estimates are based on historical experience, current and future economic conditions, and other factors, including expectation of future events that are believed to be reasonable under the circumstances. Critical estimates include: a) The carrying values of exploration and evaluation assets that are included in the statement of financial position, including the assumptions that are incorporated into the impairment assessments, and the amount of impairments that are included in the statement of loss and comprehensive loss. (Refer to Note 1 - "Nature of operations and continuance of operations") b) The estimate of the amount of decommissioning obligation and the inputs used in determining the net present value of the liabilities for decommissioning obligations included in the statement of financial position. c) The estimated fair value of share purchase options and broker warrants requires determining the most appropriate model as well as the applicable inputs. d) Judgment is required in determining whether or not deferred tax assets are recognized on the statement of financial position. e) Management’s assessment of the Company’s ability to continue as a going concern involves making judgements as to whether suitable conditions and events exist to support the Company’s future operations and is reassessed at each reporting period. Jade Leader Corp. Notes to the Condensed Interim Consolidated Financial Statements (Expressed in Canadian Dollars) (Unaudited - prepared by management) December 31, 2025 7 5. Cash Cash is comprised of: Dec 31, 2025 Sept 30, 2025 Current bank accounts $ 51,017 $ 108,151 Cash held in foreign currencies 3,821 4,939 $ 54,838 $ 113,090 6. Accounts receivable Dec 31, 2025 Sept 30, 2025 Related party receivables $ 1,986 $ 998 Sales tax receivables 3,510 1,222 $ 5,496 $ 2,220 7. Exploration and evaluation assets Mineral properties are recognized in these financial statements in accordance with the accounting policies outlined in Note 3(e) "Exploration and evaluation assets" of the audited annual consolidated financial statements for the year ended September 30, 2025. Accordingly, their carrying values represent costs incurred to date, net of recoveries, incidental revenue, abandonments, and impairments. The recoverability of these amounts is dependent upon the existence of economically recoverable mineral reserves; the acquisition and maintenance of appropriate permits, licenses, and rights; the ability of the Company to obtain necessary financing to further exploration initiatives and/or complete the development of properties where --- necessary, and upon future profitable operations; or alternatively, upon the Company’s ability to recover its costs through a disposition of its interests. DJ Jade Project, Washington State, USA During fiscal 2017, the Company acquired the DJ Jade project, in Washington State, USA through a combination of Option Agreement and staking. The gross costs and impairments recorded for the DJ Jade project at December 31, 2025 are $599,251 and $Nil respectively (September 30, 202 - $599,251 and $Nil, respectively). The property, consisting of 18 Lode Claims, covers an area of slightly more than 140 hectares. In fiscal 2019 the Company completed the acquisition of 100% of the optioned claims, subject to a 2% Net Smelter Royalty, (“NSR”). The Company has the option to acquire one-half, (1%), of the Royalty for the sum of US$500,000 in cash or equivalent value in Common shares of the Company. The Optionor also granted the Company the right, upon written notice, to acquire the remaining half, (1%), of the Royalty for the sum of US$1,000,000 in cash or equivalent value in Common Shares of the Company, thereby extinguishing the Royalty of the Optionor. On July 20, 2017, the Company entered into an Assignment and Novation Agreement, with Jadex (the Company's wholly owned subsidiary). Jadex agreed that it shall be bound by, observe, and perform the duties and obligations of the Company, for the assigned interests. Jade Leader Corp. Notes to the Condensed Interim Consolidated Financial Statements (Expressed in Canadian Dollars) (Unaudited - prepared by management) December 31, 2025 8 7. Exploration and evaluation assets (continued) Wyoming Jade Fields, Wyoming, USA Wyoming Jade Fields is comprised of five properties the Company has acquired by staking, 99 Mineral Lode Claims covering more than 1,800 acres. The gross costs and impairments recorded for the Wyoming Jade Fields project at December 31, 2025 are $770,251 and $Nil respectively (September 30, 2025 - $765,592 and $Nil, respectively). Tell, Yukon The Company acquired 100% of the expanded Tell mineral property through staking. At December 31, 2025, the Company holds 19 claims covering 400 hectares (December 31, 2024, 19 claims covering 400 hectares) located approximately 140 kilometres east of Mayo, Yukon. Although the Company does not have any current exploration plans for the property, during the three months ended December 31, 2025, the Company renewed the core claims to allow for any option or sale opportunities that might arise in the future. These costs are annual maintenance fees and therefore, have been expensed to the period as any future value is not determinable. The gross costs and impairments recorded to the Tell project at December 31, 2025, are $461,357 and $452,117, respectively (September 30, 2025 - $461,357 and $452,117, respectively). From time to time, the Company is required to advance amounts to service providers prior to their commencing exploration work on the mineral interest. The advance is applied to the invoiced services, generally through the final invoice. As these advances pertain to costs that form part of the long-term exploration and evaluation assets, they are classified as long-term. At December 31, 2025, the Company held $4,357 in respect of Wyoming Jade Fields in exploration and evaluation asset advances and deposits (September 30, 2025 - $4,357). A summary of exploration and evaluation expenditures by category for the three-month period ended December 31, 202 --- 5 and the year ended September 30, 2025 appears below: Three months ended December 31, 2025 Wyoming, USA Washington , USA Yukon Total Wyoming Jade Fields DJ Jade Project Tell $ $ $ $ Balance at September 30, 2025 920,795 479,784 441,011 - Geological consulting 2,579 2,579 - - Travel and accommodation 1,114 1,114 - - Equipment rental 966 966 - - Balance at December 31, 2025 925,454 484,443 441,011 - Property acquisition costs: Balance at September 30, 2025 453,288 285,808 158,240 9,240 Other - - - - Balance at December 31, 2025 453,288 285,808 158,240 9,240 Total exploration and evaluation assets at December 31, 2025 1,378,742 770,251 599,251 9,240 Jade Leader Corp. Notes to the Condensed Interim Consolidated Financial Statements (Expressed in Canadian Dollars) (Unaudited - prepared by management) December 31, 2025 9 7. Exploration and evaluation assets (continued) Year ended September 30, 2025 Wyoming, USA Washington, USA Yukon Total Wyoming Jade Fields DJ Jade Project Tell $ $ $ $ Balance at September 30, 2024 919,968 479,409 440,559 - Field costs 2,124 504 1,620 - Equipment rental 1,800 1,800 - - Sample jade sales (3,097) (1,929) (1,168) - Balance at September 30, 2025 920,795 479,784 441,011 - Property acquisition costs: Balance at September 30, 2024 419,610 257,229 153,141 9,240 Acquisition costs incurred 33,678 28,579 5,099 - Impairment - - - - Balance at September 30, 2025 453,288 285,808 158,240 9,240 Total exploration and evaluation assets September 30, 2025 1,374,083 765,592 599,251 9,240 8. Property and equipment Cost Accumulated Depreciation Net Book Value Balance, September 30, 2024 $ 39,263 $ (22,388) $ 16,875 Depreciation - (2,041) (2,041) Balance, September 30, 2025 $ 39,263 $ (24,429) $ 14,834 Depreciation - (439) (439) Balance, December 31, 2025 $ 39,263 $ (24,868) $ 14,395 9. Accounts payable and accrued liabilities Dec 31, 2025 Sept 30, 2025 Due to related parties $ 416,284 $ 397,249 Trade Payables 20,517 127 Accrued liabilities - 41,000 Sales tax payable 94 48 $ 436,895 $ 438,424 10. Right of Use Asset and Lease Liability On August 31, 2025, the Company extended the lease on its office space for a further twelve month period under the same terms and conditions. Total payments of $55,331 plus GST will be made over the term. The Jade Leader Corp. Notes to the Condensed Interim Consolidated Financial Statements (Expressed in Canadian Dollars) (Unaudited - prepared by management) December 31, 2025 10 10. Right of Use Asset and Lease Liability (continued) lease qualifies as a short-term lease under IFRS 16 and the Company has elected to account for the monthly lease payments as an expense on a straight-line basis over the term of the extension. On June 9, 2023, the Company signed a lease agreement for office space and certain furniture and fixtures. The occupancy date was April 15, 2023, the lease commencement date was September 1, 2023, and the termination date was August 31, 2025. The agreement provided a rent-free period to the commencement date. During April 2023, the Company paid a deposit and first month rent of $6,382. Beginning on September 1, 2023 the Company made monthly rental payments of $4,313 inclusive of parking and GST. Upon entering into the lease the Company recognized a right of use asset of $78,258 and a lease liability of $78,258 at the occupancy date. The initial valuation of the right of use asset was determined using the present value of the future lease payments at a rate that is representative of --- the Company’s incremental borrowing rate which was determined to be 11% at the time of entering into the lease. The right of use asset was amortized on a straight line basis over the term of the lease. The lease liability draws down each month by the lease payments and is revalued each period end using the effective interest rate method which has been determined to be 9.85%. The continuity of the right of use asset for the periods ended is as follows: Right of use asset Total Balance at September 30, 2024 $ 30,743 Depreciation (7,230) Balance at December 31, 2024 $ 23,513 Depreciation (23,513) Balance at September 30, 2025, and thereafter $ - The continuity of the lease liability for the periods ended is as follows: Lease liability Total Balance at September 30, 2024 $ 38,329 Payments (10,973) Accretion 755 Balance at December 31, 2024 $ 28,111 Payments (29,263) Accretion 1,152 Balance at September 30, 2025, and thereafter $ - The Company has an arrangement with CANEX Metals Inc. (CANEX), a related party, to share office operating costs on a prorate basis. Under the terms of the extended lease, CANEX will make payments of $2,122 monthly, until August 31, 2026. Management has determined that the cost sharing arrangement does not contain a lease and therefore the monthly payments will be treated as office operating costs recovery. Jade Leader Corp. Notes to the Condensed Interim Consolidated Financial Statements (Expressed in Canadian Dollars) (Unaudited - prepared by management) December 31, 2025 11 11. Share capital, stock options and warrants a) Authorized Unlimited number of voting common shares without par value Unlimited number of Class A preferred shares issuable in series Unlimited number of Class B preferred shares issuable in series b) Issued and outstanding common share capital Shares Number Value $ Balance, as at September 30, 2025 74,707,293 15,098,405 Transactions - - Balance, as at December 31, 2025 74,707,293 15,098,405 Shares Number Value $ Balance, as at September 30, 2024 68,082,293 14,836,773 Private Placement – February 2025 6,625,000 265,000 Share issuance costs - (3,368) Balance, as at December 31, 2024 74,707,293 15,098,405 Three-month period ended December 31, 2025 During the three month period ended December 31, 2025 there we no changes to the stated amount or value of common share capital. Year ended September 30, 2025 During the year ended September 30, 2025, the Company closed a non-brokered private placement for 6,625,000 common shares, at a price of $0.04 per share, for gross proceeds of $265,000. No finders fees were issued in connection with this transaction and all securities issued under the offering were subject to a hold period of four months to June 5, 2025. Related parties, comprised of officers and directors, and insiders, acquired 5,000,000 of the shares issued pursuant to the private placement. c) Stock options Number of options Exercise Expiry Dec 31, 2025 Sept 30, 2025 Price November 14, 2027 1,950,000 1,950,000 $0.05 November 14, 2026 150,000 150,000 $0.05 February 24, 2026 100,000 100,000 $0.05 July 4, 2026 200,000 200,000 $0.05 2,400,000 2,400,000 Jade Leader Corp. Notes to the Condensed Interim Consolidated Financial Statements (Expressed in Canadian Dollars) (Unaudited - prepared by management) December 31, 2025 12 11. Share capital, stock options and warrants (continued) d) Stock option transactions There was no stock option transactions during the fiscal year ended September 30, 2025, no --- r during the three months ended December 31, 2025. e) Warrant transactions and warrants outstanding The warrants summarized below may be exercised to acquire an equal number of common shares. Three-month period ended December 31, 2024 Exercise price Expiry Balance Sept 30, 2025 Warrants Issued Warrants Exercised Warrants Expired Balance Dec 31, 2025 $0.07 November 17, 2025 1,607,142 - - (1,607,142) - $0.10 August 22, 2027 1,350,000 - - - 1,350,000 $0.10 September 12, 2027 250,000 - - - 250,000 Total 3,207,142 - - (1,607,142) 1,600,000 During the period subsequent to the date of these financial statements, no warrants were issued nor exercised and none expired. 12. Financial instruments The following summarizes the categories of the various financial instruments: Dec 31, 2025 Sept 30, 2025 Carrying value Financial assets Measured at amortized cost: Cash $ 54,838 $ 113,090 Accounts receivable 1,986 1,098 $ 56,834 $ 114,188 Financial liabilities Measured at amortized cost: Accounts payable and accrued liabilities $ 436,801 $ 438,376 The above noted financial instruments are exclusive of any sales tax. The carrying value of financial assets and liabilities measured at amortized cost approximates fair value due to the short-term nature of the instruments. Unless otherwise noted, it is management’s opinion that the Company is not exposed to significant interest or credit risks arising from these financial instruments. The Company undertakes transactions denominated in US currency through its exploration in the US; consequently, it is exposed to exchange rate fluctuations. The Company will acquire US funds from time to time to settle US$ denominated liabilities. At December 31, 2025, the Company had US$3,026 (CDN$4,148) (September 30, 2025 – US$3,058 (CDN$4,260)) in a US denominated bank account. The effect of a foreign currency increase or decrease of 10% on this cash holding would result in an increase or decrease of CDN$415 (September 30, 2025 – CDN$426). Jade Leader Corp. Notes to the Condensed Interim Consolidated Financial Statements (Expressed in Canadian Dollars) (Unaudited - prepared by management) December 31, 2025 13 13. General and administrative Three months ended Dec 31, 2025 Dec 31, 2024 Administrative consulting fees $ 24,175 $ 23,700 Occupancy costs 13,833 1,350 Office, secretarial and supplies 4,307 4,360 Travel and promotion 356 430 Product development 7,154 10,007 Insurance 5,474 5,796 Computer network and website maintenance 1,463 1,323 Miscellaneous 436 414 $ 57,198 $ 47,380 14. Share-based payment transactions Three-month periods ended December 31, 2025 and 2024 No stock options were issued during the period ended December 31, 2025 nor December 31, 2024, and all outstanding options had fully vested in prior periods. 15. Related party balances and transactions and key management remuneration The Company is considered a related party to CANEX Metals Inc. ("CANEX Metals") because of its common directors, officers and key management personnel that have some direct financial interest in both the Company and CANEX Metals. In addition, related parties include members of the Board of Directors, officers and their close family members. 635280 Alberta Ltd., a company controlled by Jean Pierre Jutras, an officer and director of Jade Leader, Lunacees Enterprises Ltd., a company controlled by Cornell McDowell, a director of Jade Leader, and Vector Resources Inc., a company controlled by Shane Ebert, a director of Jade Leader, are als --- o considered related parties. The following amounts were charged to (by) related parties during the year: Dec 31, 2025 Dec 31, 2024 Key management remuneration: President and Director a $ (19,031) $ (22,313) Corporate Secretary b (4,050) (4,005) Chief Financial Officer c (11,300) (10,700) Total Management Remuneration $ (34,381) $ (37,018) Dec 31, 2025 Dec 31, 2024 Other related party transactions: CANEX Metals Inc. Office rent and operating costs received d $ 6,684 $ 5,955 General and administrative and secretarial costs received d $ 1,986 $ 2,028 General and administrative and secretarial costs paid d $ (35) $ - Management compensation payable to "key management personnel" during the period ended December 31, 2025 and 2024 is reflected in the table above and consists of consulting fees paid or payable to the President as well as the Corporate Secretary and Chief Financial Officer. Directors are not paid directors' fees. Officers and directors are compensated through the granting of options from time-to-time. Refer to Note 14 - "Share- Jade Leader Corp. Notes to the Condensed Interim Consolidated Financial Statements (Expressed in Canadian Dollars) (Unaudited - prepared by management) December 31, 2025 14 15. Related party balances and transactions and key management remuneration (continued) based payment transactions" for details relating to options issued during the three month periods ended December 31, 2025 and 2024. Key management personnel are defined as those persons having authority and responsibility for planning, directing and controlling the activities of the entity, directly or indirectly, including any director of the Company. Balances Receivable (Payable) Dec 31, 2025 Sept 30, 2025 General and administrative and secretarial costs CANEX Metals d) $ 1,951 $ 998 Corporate secretary b) $ (1,260) $ (1,292) Consulting fees 635280 Alberta Ltd. a) $ (414,989) $ (395,958) a) Consulting fees for the President's services were incurred by 635280 Alberta Ltd. Consulting services that relate directly to mineral property exploration are capitalized to exploration and evaluation assets; the remainder is expensed. During the three-month period ended December 31, 2025, $nil (2024 - $nil) was capitalized to exploration and evaluation assets, $19,031 (2024 - $22,313) was expensed through general and administrative expenses. b) The Corporate Secretary provides services to the Company on a contract basis. c) The Chief Financial Officer provides services to the Company on a contract basis. d) During the three month periods ending December 31, 2025, and 2024, the Company incurred certain administrative expenses on CANEX Metals' behalf that were subsequently billed to CANEX Metals on a quarterly basis. Further, CANEX Metals incurred certain administrative costs on behalf of the Company that were billed on a quarterly basis. The Company has recovered costs for shared office space from CANEX Metals since January 2015. Amounts receivable pertain to billings plus applicable sales taxes for which payment has not been received and amounts payable reflect billings plus applicable sales taxes that were unpaid at the respective period ends. Related party transactions were measured at the amounts agreed to by the transacting parties. 16. Supplemental disclosure statement of cash flows Dec 31, 2025 Dec 31, 2024 Operating loss $ (67,316) $ (66,538) Depreciation 439 7,741 Accretion - 755 Changes in assets and liabilities pertaining to operations: Accounts rec --- eivable (3,276) (2,209) Prepaid expenses 7,820 7,233 Accounts payable and accrued liabilities (1,529) 7,497 Cash paid to suppliers and contractors $ (63,862) $ (45,521) Jade Leader Corp. Notes to the Condensed Interim Consolidated Financial Statements (Expressed in Canadian Dollars) (Unaudited - prepared by management) December 31, 2025 15 16. Supplemental disclosure statement of cash flows (continued) Exploration and evaluation asset additions Dec 31, 2025 Dec 31, 2024 Change in exploration and evaluation assets $ (4,659) $ (1,050) Pre-production jade sales - 97 Changes in assets and liabilities pertaining to exploration and evaluation asset additions: Accounts payable and accrued liabilities - - Cash expended on exploration and evaluation asset additions $ (4,659) $ (953) 17. Segment disclosures During the current period ended December 31, 2025, the comparative period ended December 31, 2024, and the year ended September 30, 2025, the Company was engaged in mineral exploration and all exploration activities were undertaken in Canada and/or the United States. Activities undertaken in both countries were similar in nature. As at December 31, 2025, the total value of non-current assets associated with United States operations is $1,387,615 (September 30, 2025 - $1,383,360), including exploration and evaluation asset advances and deposits of $4,357 (September 30, 2025 - $4,357), exploration and evaluation assets of $1,369,502 (September 30, 2025 - $1,364,843) and equipment and software of $13,756 (September 30, 2025 - $14,160). All remaining non-current assets are associated with Canadian operations.