SEDAR Interim Financial Statements

1 Unaudited Condensed Consolidated Interim Financial Statements of GOLDEN RIDGE RESOURCES LTD. (An Exploration Stage Company) For the Three and Six Months Ended December 31, 2025 and 2024 GOLDEN RIDGE RESOURCES LTD. (An Exploration Stage Company) (Expressed in Canadian Dollars) December 31, 2025 INDEX Page Notice to Readers 1 Financial Statements ● Condensed Consolidated Interim Statements of Financial Position (unaudited) 2 ● Condensed Consolidated Interim Statements of Loss and Comprehensive Loss (unaudited) 3 ● Condensed Consolidated Interim Statements of Changes in Shareholders’ Equity (unaudited) 4 ● Condensed Consolidated Interim Statements of Cash Flows (unaudited) 5 ● Notes to the Condensed Consolidated Interim Financial Statements (unaudited) 6-15 NOTICE OF NO AUDITOR REVIEW OF INTERIM FINANCIAL STATEMENTS Under National Instrument 51-102, Part 4, subsection 4.3(3)(a) the accompanying unaudited condensed consolidated interim financial statements of the Company for the three and six months ended December 31, 2025 have been prepared by and are the responsibility of management in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board applicable to unaudited condensed consolidated interim financial reporting. The Company’s independent auditor has not audited or performed a review of these condensed consolidated interim financial statements, in accordance with standards established by Chartered Professional Accountants of Canada for a review of interim financial statements by an entity’s auditor. 2 The accompanying notes are an integral part of these condensed consolidated interim financial statements. GOLDEN RIDGE RESOURCES LTD (An Exploration Stage Company) CONDENSED CONSOLIDATED INTERIM STATEMENTS OF FINANCIAL POSITION (unaudited) As at December 31, 2025 and June 30, 2025 Expressed in Canadian Dollars Note December 31 2025 June 30 2025 ASSETS Current Cash and cash equivalents 5 $ 82,751 259,010 Receivables 6,15 11,456 28,415 Prepaids 19,009 16,572 Loan receivable 7 464,190 445,902 Marketable securities 8 1,893,985 1,968,040 2,471,391 2,717,939 Non Current Equipment 9 193,200 218,730 Prepaids 10 17,500 19,416 Reclamation bond 37,500 37,500 Right of use assets 11 60,707 73,267 Exploration and evaluation assets 10 3,199,751 3,199,751 $ 5,980,049 6,266,603 LIABILITIES Current Trade and other payables 64,316 117,487 Non-current Lease liabilities 11 79,868 75,988 144,184 193,475 SHAREHOLDERS' EQUITY Share capital 12 19,891,230 19,891,230 Contributed surplus 13 2,751,283 2,751,283 Accumulated other comprehensive loss 947,584 939,218 Accumulated deficit (17,754,232) (17,508,603) 5,835,865 6,073,128 $ 5,980,049 6,266,603 Approved on behalf of the Board of Directors by: “Michael Blady” Director “William Lindqvist” Director Michael Blady William Lindqvist 3 The accompanying notes are an integral part of these condensed consolidated interim financial statements. GOLDEN RIDGE RESOURCES LTD (An Exploration Stage Company) CONDENSED CONSOLIDATED INTERIM STATEMENTS OF COMPREHENSIVE LOSS (unaudited) For the three and six months ended December 31 Expressed in Canadian Dollars Three Months Ended Six Months Ended December 31 December 31 Note 2025 2024 2025 2024 Expenses Administrative and general 14,15 $ 92,629 $ 242,622 $ 179,631 $ 412,244 Wages and benefits 24,816 - 50,654 - Depreciation 9 18,426 2,126 38,089 7,588 Directors fees 15 6,000 6,000 12,000 12,000 Total expenses (141,872) (25 --- 0,748) (280,374) (431,832) Other income Interest income 9,265 5,767 19,359 16,354 Dividend income 8 3,045 3,903 6,340 5,886 Financing costs 11 (1,964) - (3,880) - Net loss for the period $ (131,525) $ (241,078) $ (258,555) $ (409,592) Other comprehensive loss Fair valued gain on marketable securities 8 (265,234) 25,394 8,366 164,363 Loss and comprehensive loss for the period $ (396,759) $ (215,684) $ (250,189) $ (245,229) Basic and diluted loss per share for the period 16 $ (0.00) $ (0.00) $ (0.00) $ (0.01) 4 The accompanying notes are an integral part of these condensed consolidated interim financial statements. GOLDEN RIDGE RESOURCES LTD (An Exploration Stage Company) CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (unaudited) For the six months ended December 31 Expressed in Canadian Dollars Note Common Shares Contributed Surplus Accumulated Other Comprehensive Loss Accumulated Deficit Total Balance at June 30, 2024 $19,891,230 $2,751,283 $235,706 ($17,157,384) $5,720,835 Net loss for the period - - - (409,592) (409,592) Re-classification of gain on marketable securities - - (31,536) 31,536 - Marketable securities 8 - - 195,899 - 195,899 Balance at December 31, 2024 $19,891,230 $2,751,283 $400,069 ($17,535,440) $5,507,142 Note Common Shares Contributed Surplus Accumulated Other Comprehensive Loss Accumulated Deficit Total Balance at June 30, 2025 $19,891,230 $2,751,283 $939,218 ($17,508,603) $6,073,128 Net loss for the period - - - (258,555) (258,555) Re-classification of gain on marketable securities - (12,926) 12,926 - Marketable securities 8 - - 21,292 - 21,292 Balance at December 31, 2025 $19,891,230 $2,751,283 $947,584 ($17,754,232) $5,835,865 5 The accompanying notes are an integral part of these condensed consolidated interim financial statements. GOLDEN RIDGE RESOURCES LTD (An Exploration Stage Company) CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS (unaudited) For the six months ended December 31 Expressed in Canadian Dollars Note 2025 2024 Cash flows from operating activities Net loss for the period $ (258,555) $ (409,592) Items not affecting cash Depreciation 9 38,090 7,588 Financing costs 11 3,880 - Changes in non-cash working capital balances: Receivables 16,959 (734) Prepaids (2,437) 6,195 Trade and other payables (53,171) (233,772) Cash used in operating activities (255,234) (630,315) Cash flows from investing activities Loan receivable 7 (18,288) (251,041) Prepaids 10 1,916 (7,500) Proceeds from the sale of marketable securities 8 284,951 615,557 Purchase of marketable securities 8 (189,604) (550,045) Purchase of equipment - (747) Exploration and evaluation asset expenditures 10 - (78,597) Total cash provided (used) in investing activities 78,975 (272,373) Decrease in cash during the period (176,259) (902,688) Cash and cash equivalents beginning of period 259,010 1,279,908 Cash and cash equivalents end of period $ 82,751 $ 377,220 Composition of cash and cash equivalents Cash $ 48,251 $ 342,720 Cash equivalents 34,500 34,500 Cash and cash equivalents end of the period $ 82,751 $ 377,220 Supplemental cash flow information – Note 18 GOLDEN RIDGE RESOURCES LTD. (An Exploration Stage Company) NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE THREE AND SIX MONTH PERIOD ENDED DECEMBER 31, 2025 AND 2024 (Unaudited - Expressed in Canadian Dollars) 6 1. CORPORATION INFORMATION Golden Ridge Resources Ltd. (the "Company") was incorporated under the Business Corporation --- s Act in British Columbia on January 27, 2011 and trades on the TSX Venture Exchange under the symbol GLDN. The Company’s head office is located at 202 – 3310 Carrington Road West Kelowna, BC V4T 0C6. The Company is primarily engaged in the acquisition, exploration and development of mineral properties located in Canada. To date, the Company has not earned significant revenues and is considered to be in the exploration stage. The Company’s current active projects include mineral properties located in Newfoundland. 2. BASIS OF PREPARATION AND CONTINUANCE OF OPERATIONS These condensed consolidated interim financial statements for the three and six month period ended December 31, 2025 and 2024 have been prepared in accordance with IAS 34 Interim Financial Reporting. These condensed consolidated interim financial statements follow the same accounting policies and methods of application of the Company’s most recent annual consolidated financial statements at June 30, 2025. They do not include all disclosures that would otherwise be required in a complete set of financial statements and should be read in conjunction with the Company’s June 30, 2025 annual consolidated financial statements which have been prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board (“IFRS Accounting Standards”). The consolidated financial statements were authorized for issue by the Board of Directors on February 25, 2026. These condensed consolidated interim financial statements have been prepared on the historical cost basis except for certain financial instruments which have been measured at fair value. In addition, these consolidated financial statements have been prepared using the accrual basis of accounting, except for cash flow information. The condensed consolidated interim financial statements are presented in Canadian dollars, which is the functional currency of the Company and its subsidiary. The preparation of the condensed consolidated interim financial statements in compliance with IFRS Accounting Standards requires management to make certain critical accounting estimates. It also requires management to exercise judgment in applying the Company’s accounting policies. The areas involving a higher degree of judgment or complexity, or areas where assumptions and estimates are significant to the consolidated financial statements, are disclosed in Note 4. These condensed consolidated interim financial statements have been prepared on the basis of accounting principles applicable to a going concern, which assumes the Company will continue in operation for the foreseeable future and will be able to realize its assets and discharge its liabilities in the normal course of business. 2. BASIS OF PREPARATION AND CONTINUANCE OF OPERATIONS The Company has not generated revenues from its operations to date. The Company currently has sufficient cash resources and working capital of $2,407,075 as at December 31, 2025 (June 30, 2025 - $2,600,452). The Company will continue to have to raise funds beyond its current working capital balance in order to continue the development of its exploration properties and general operations. As the Company is in the exploration stage, the recoverability of the costs incurred to date on exploration properties is dependent upon the existence of economically recoverable reserves, the ability of the Company to obtain the necessary financing to complete the explorat --- ion and development of its properties, and upon future profitable production or proceeds from the disposition of the properties. The Company has financed its operations to date primarily through the issuance of common shares and exercise of stock options and share purchase warrants. GOLDEN RIDGE RESOURCES LTD. (An Exploration Stage Company) NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE THREE AND SIX MONTH PERIOD ENDED DECEMBER 31, 2025 AND 2024 (Unaudited - Expressed in Canadian Dollars) 7 3. SUMMARY OF MATERIAL ACCOUNTING POLICIES The material accounting policies applied in the preparation of these condensed consolidated interim financial statements are consistent with the accounting policies disclosed in Note 3 of the Company’s audited financial statements for the year ended June 30, 2025. These condensed consolidated interim financial statements should be read in conjunction with the audited financial statements of the Company for the year ended June 30, 2025. 4. SIGNIFICANT ACCOUNTING JUDGMENTS, ESTIMATES AND ASSUMPTIONS Significant Accounting Judgments, Estimates and Assumptions The Company makes estimates and assumptions about the future that affect the reported amounts of assets and liabilities. Estimates and judgments are continually evaluated based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. In the future, actual experience may differ from these estimates and assumptions. The effect of a change in an accounting estimate is recognized in the period of the change, if the change affects that period only, or in the period of the change and future years, if the change affects both. Information about critical judgments and estimates in applying accounting policies that have the most significant risk of causing material adjustment to the carrying amounts of assets and liabilities included in the preparation of these consolidated financial statements are discussed below: Going Concern The assessment of the Company’s ability to continue as a going concern and to raise sufficient funds to pay for its ongoing operating expenditures, meet its liabilities for the ensuing year, and to fund planned and contractual exploration programs, involves significant judgment based on historical experience and other factors, including expectation of future events that are believed to be reasonable under the circumstances. Impairment of Exploration and Evaluation Assets The application of the Company’s accounting policy for exploration and evaluation expenditures requires judgment in determining whether it is likely that future economic benefits will flow to the Company. If, after exploration and evaluation expenditures are capitalized, information becomes available suggesting that the carrying amount of an exploration and evaluation asset may exceed its recoverable amount, the Company carries out an impairment test at the cash-generating unit or group of cash-generating units’ level in the year the new information becomes available. The assessment of impairment indicators, impairment tests, and recoverable value models have a degree of estimation and judgment which may differ in the future. Lease Liabilities A lease liability is measured at the present value of the expected lease payments over the lease term, discounted at the implicit rate in the lease; if the rate cannot be determined, the incremental borrowing rate of the ass --- et or asset grouping is used. The lease liability is increased for the passage of time and payments on the lease are offset against the lease liability. The liability is subsequently re-measured when there is a change in the lease agreement, such as a change in future lease payments or if the Company decides to purchase, extend, or terminate the lease option. When the lease liability is re-measured, an adjustment is applied to the carrying value of the ROU asset. GOLDEN RIDGE RESOURCES LTD. (An Exploration Stage Company) NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE THREE AND SIX MONTH PERIOD ENDED DECEMBER 31, 2025 AND 2024 (Unaudited - Expressed in Canadian Dollars) 8 5. CASH AND CASH EQUIVALENTS Cash and cash equivalents consists of cash on hand, demand deposits with financial institutions, and other short-term, highly liquid investments with original maturities of three months or less that are readily convertible to known amounts of cash and subject to an insignificant risk of change in value. Cash at banks and on hand earns interest at floating rates based on daily bank deposit rates. As at December 31, 2025, the Company holds a GIC with interest terms of prime less 2.95% (June 30, 2025 - prime less 2.95%). 6. RECEIVABLES Sales tax receivable represents input tax credits arising from sales tax levied on the supply of goods purchased or services received in Canada. December 31 June 30 2025 2025 Sales taxes receivable $ - $ 12,462 Other (Note 15) 10,435 15,953 $ 10,435 $ 28,415 7. LOAN RECEIVABLE On June 5, 2024, the Company entered into a definitive agreement subsequently amended on November 21, 2024 as amended (the “Share Exchange Agreement”) with MM Group Ltda. (“MMG”), Minas Mineração Ltda. (“Minas”), and certain members of MMG (collectively, the “Vendors”) pursuant to which it would acquire an 80% interest in MMG in consideration of the issuance of common shares in the capital of Golden Ridge (the “Golden Shares”) to the Vendors (the “Proposed Transaction”). On November 29, 2024 the Company and MMG in connection with the Proposed Transaction entered into a credit facility agreement pursuant to which the Company agreed to advance to MMG up to an aggregate of $950,000 (the “Loan”). The Loan bears interest at a rate of 8% per annum (the “Interest”) and matures on July 30, 2025. The repayment of the Loan is secured against the assets of MMG and its subsidiaries and guaranteed by certain MMG members. As at December 31, 2025 the Company has made aggregate advances of $429,328 (June 30, 2025 – $429,328). Effective October 27, 2025 the Company and the Vendors terminated the Share Exchange Agreement (the “Termination”). Pursuant to the terms of the Loan the repayment of the Loan is due within 60 days of the Termination (the “Loan Repayment Date”). On December 23, 2025, the Company and the Vendors agreed to extend the loan repayment date to February 14, 2026 (the “Extension Date”). As of February 14, 2026, the parties are in discussions to further extend the maturity date by an additional 45 days. Included in loans receivable is an amount of $34,862 of interest (June 30, 2025 - $16,574) and recorded as interest income in the condensed consolidated interim statements loss and comprehensive loss. As at December 31, 2025 the aggregate Loan and Interest payable was $464,190 (June 30, 2025 - $445,902). GOLDEN RIDGE RESOURCES LTD. (An Exploration Stage Company) NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STA --- TEMENTS FOR THE THREE AND SIX MONTH PERIOD ENDED DECEMBER 31, 2025 AND 2024 (Unaudited - Expressed in Canadian Dollars) 9 8. MARKETABLE SECURITIES Marketable securities consist of: Fireweed Shares An investment of 395,000 (June 30, 2025 – 415,000) common shares in Fireweed Zinc Ltd. (“Fireweed Shares”) as at December 31, 2025. As at December 31, 2025, the Fireweed Shares have a fair value of $1,070,450 (June 30, 2025 - $1,099,750). During the period ended December 31, 2025, the Company sold 20,000 (December 31, 2024 – 456,875) Fireweed Shares for net proceeds of $58,138 (December 31, 2024 - $606,257) and recorded a gain on sale of marketable securities of $5,138 (December 31, 2024 - $29,148) in the condensed consolidated interim statements of comprehensive loss. During the period ended December 31, 2025, the Company recorded an increase in fair market value of $23,700 (December 31, 2024 - $185,166) as an unrealized gain in other comprehensive loss. Kingfisher Shares An investment of 1,128,910 (June 30, 2025 – 1,351,410) common shares (“Kingfisher Shares”) in Kingfisher Metals Corp. (“Kingfisher”) as at December 31, 2025 at a fair value of $310,450 (June 30, 2025 - $394,809) (Note 10). During the period ended December 31, 2025 the Company sold 222,500 (December 31, 2024 – 39,500) Kingfisher Shares for net proceeds of $76,813 (December 31, 2024 - $9,300) and recorded a gain on sale of marketable securities of $7,788 (December 31, 2024 - $2,388) in the condensed consolidated interim statements of comprehensive loss. During the period ended December 31, 2025, the Company recorded a decrease in fair market value of $15,335 (December 31, 2024 - $20,803) as an unrealized loss in other comprehensive loss. The fair value of marketable securities has been determined by reference to published price quotations in an active market, a Level 1 valuation. Mutual Funds During the period ended December 31, 2025, the Company invested in mutual funds at a purchase price of $183,265 (December 31, 2024 - $544,148). During the period ended December 31, 2025 the Company sold $150,000 (December 31, 2024 - $Nil) in mutual funds for net cash proceeds of $150,000 (December 31, 2024 - $Nil). During the period ended December 31, 2025 the Company recorded re-invested dividend income of $6,339 (December 31, 2024 - $5,886) as other income in the condensed consolidated interim statements of loss and comprehensive loss. As at December 31, 2025 the fair market value of mutual funds was $513,086 (June 30, 2025 - $473,481). GOLDEN RIDGE RESOURCES LTD. (An Exploration Stage Company) NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE THREE AND SIX MONTH PERIOD ENDED DECEMBER 31, 2025 AND 2024 (Unaudited - Expressed in Canadian Dollars) 10 9. PROPERTY AND EQUIPMENT Land Leasehold Improvements Office Equipment Field Equipment Total Cost Balance at June 30, 2024 $85,018 $ - $- $185,016 $270,034 Additions - 105,204 16,674 121,878 Disposal - - - (110,000) (110,000) Balance June 30, 2025 85,018 105,204 16,674 75,016 281,912 Additions - - - - - Balance at December 31, 2025 85,018 105,204 16,674 75,016 281,912 Depreciation and impairment losses Balance at June 30, 2024 - - - 152,402 152,402 Depreciation for the period - 4,906 870 15,003 20,779 Disposal - - - (110,000) (110,000) Balance at June 30, 2025 - 4,906 871 57,405 63,182 Depreciation for the period - 17,678 1,681 6,171 25,530 Balance at December 31, 2025 - 22,584 2,552 63,576 88,712 Carrying amounts Carry --- ing value at June 30, 2025 $85,018 $100,298 $15,803 $17,611 $218,730 Carrying value at December 31, 2025 $85,018 $82,620 $14,122 $11,440 $193,200 10. EXPLORATION AND EVALUATION ASSETS Newfoundland Williams Balance at June 30, 2024 3,121,156 Exploration costs 78,595 Balance at June 30, 2025 and December 31, 2025 $3,199,751 Newfoundland Williams Property The Company entered into an option agreement dated January 31, 2020 (the “Williams Option”) to earn a 100% interest subject to a 2% net smelter return royalty (the “NSR”) in the Williams Gold Property (the “Williams Property”) located in the province of Newfoundland. During the year ended June 30, 2024, the Company exercised the Williams Option effective December 31, 2023 and acquired a 100% interest in the Williams Property. Consideration for the Williams Option included the issuance of an aggregate 350,000 common shares (350,000 issued) and aggregate cash payments of $150,000 ($150,000 paid) over a three-year period. Pursuant to the terms of the Williams Option, Golden Ridge can purchase 1.0% of the NSR for $1,000,000 at any time before the commencement of commercial production. Additionally, commencing December 31, 2024 and annually thereafter, the Company will be required to make annual advanced minimum royalty (“AAMR”) payments of $7,500. The AAMR payments are deductible from future NSR payments. As at December 31, 2025, $7,500 was included in prepaids (June 30, 2025 - $7,500) for the December 31, 2025 AAMR payment. This amount will be offset on future NSR payments. GOLDEN RIDGE RESOURCES LTD. (An Exploration Stage Company) NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE THREE AND SIX MONTH PERIOD ENDED DECEMBER 31, 2025 AND 2024 (Unaudited - Expressed in Canadian Dollars) 11 10. EXPLORATION AND EVALUATION ASSETS (cont’d) British Columbia Hank Property The Company holds a 100% interest in the Hank property (the “Hank Property”), located in the Liard district of British Columbia, subject to a 2% net smelter return (“NSR”) to Lac Properties. On March 6, 2023, the Company entered into an option agreement with Kingfisher (subsequently amended on March 25, 2023) (the “Kingfisher Option”) to acquire the Company’s 100% interest in the Hank Property for certain cash, share issuances and work commitments over a four year period. Hickman Property On February 5, 2025, the Company entered into a purchase agreement with Kingfisher wherein Kingfisher purchased the Company’s 100% interest in the Hickman Property located in the Liard district of British Columbia (the “Hickman Agreement”). Under the terms of the Hickman Agreement, Kingfisher issued 256,410 Kingfisher Shares. Additionally Kingfisher granted a 2% net smelter return royalty (the “NSR”) to Golden Ridge. Kingfisher will have the right to buy back 1% of the NSR for $5,000,000 at any time. 11. RIGHT OF USE ASSETS AND LEASE LIABILITIES Right of Use Assets Buildings Balance at June 30, 2024 $ - Recognition upon adoption of IFRS 16 75,360 Depreciation expense for the period (2,093) Balance at June 30, 2025 73,267 Depreciation expense for the period (12,560) Balance at December 31, 2025 $ 60,707 Lease Liability Balance June 30, 2024 $ - Recognition upon adoption of IFRS 16 75,360 Lease interest expense 628 Balance at June 30, 2025 75,988 Lease interest expense 3,880 Balance at December 31, 2025 $ 79,868 The Company recognized right of use asset and a corresponding lease liability upon the adoption of IFRS 16 related to --- its office lease. Amortization of the right of use asset is calculated over the term of the lease of three years at a discount rate of 10%. GOLDEN RIDGE RESOURCES LTD. (An Exploration Stage Company) NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE THREE AND SIX MONTH PERIOD ENDED DECEMBER 31, 2025 AND 2024 (Unaudited - Expressed in Canadian Dollars) 12 11. RIGHT OF USE ASSETS AND LEASE LIABILITIES (cont’d) Leases The Company has entered into an office lease (See Note 15) effective May 1, 2025. Cash commitments for minimum lease payments in relation to these commitments are payable as follows: December 31 2025 June 30 2025 Not later than 1 year $- $- Later than 1 year and not later than 5 years $91,437 $- Pursuant to the lease agreement there are no lease payments due in year one. 12. SHARE CAPITAL AND RESERVES a) Common Shares The Company’s authorized share capital is an unlimited number of common shares with no par value. The following is a summary of changes in share capital from July 1, 2024 to December 31, 2025: Number Issue Price Total Balance June 30, 2024 and June 30, 2025 and December 31, 2025 58,541,320 - $19,891,230 During the period ended December 31, 2025 and June 30, 2025, the Company did not issue any shares. 13. SHARE-BASED PAYMENTS a) Option Plan Details On April 2, 2024, the Company adopted a fixed stock option plan (the “Fixed Plan”) to grant options to directors, senior officers, employees, and consultants of the Company. The aggregate outstanding options are limited to 5,854,132 common shares representing 10% of the issued and outstanding shares at the time of adoption. The option price under each option shall not be less than the discounted market price as defined in the policies of the Exchange on the grant date. All options vest when granted unless otherwise specified by the Board of Directors. The following is a summary of changes during the periods ended July 1, 2024 to December 31, 2025: Number Weighted Average Price Balance June 30, 2024 and 2025 2,607,500 $0.22 Expired (577,500) Balance December 31, 2025 2,030,000 $0.21 GOLDEN RIDGE RESOURCES LTD. (An Exploration Stage Company) NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE THREE AND SIX MONTH PERIOD ENDED DECEMBER 31, 2025 AND 2024 (Unaudited - Expressed in Canadian Dollars) 13 13. SHARE-BASED PAYMENTS (cont’d) a) Option Plan Details z(cont’d) As at December 31, 2025 the following options were outstanding: Expiry Date Exercise Price Number of Options Vested and Exercisable Unvested July 14, 2026 $0.32 830,000 830,000 - June 10, 2027 $0.13 1,000,000 1,000,000 - February 1, 2028 $0.13 200,000 200,000 - 2,030,000 2,030,000 - As at December 31, 2024, the following options were outstanding: Expiry Date Exercise Price Number of Options Vested and Exercisable Unvested October 5, 2025 $0.25 577,500 577,500 - July 14, 2026 $0.32 830,000 830,000 - June 10, 2027 $0.13 1,000,000 1,000,000 - February 1, 2028 $0.13 200,000 200,000 - 2,607,500 2,607,500 - As at December 31, 2025, the weighted average remaining contractual life of outstanding options is 1.13 (2024 – 1.83) years. b) Fair Value of Options Issued During the Period During the period ended December 31, 2025 and 2024, there were no share-based payments granted. 14. ADMINISTRATIVE AND GENERAL EXPENSES Three Months Ended Six Months Ended December 31 December 31 Note 2025 2024 2025 2024 Accounting and legal $13,623 $72,186 $15,661 $138,063 Consulting 15 46,350 63,475 --- 92,550 119,075 Corporate development - 56,000 - 56,000 Conferences 335 - 335 - Office and administration fees 15 16,140 23,344 39,240 40,738 Marketing and social media 1,766 675 1,766 1,350 Rent 15 8,338 3,900 18,676 6,300 Filing fees 1,831 1,810 1,831 24,994 Shareholder communication 1,156 680 5,045 1,110 Transfer agent fees 927 586 1,971 1,343 Travel 2,163 19,966 2,556 23,271 $92,629 $242,622 $179,631 $412,244 GOLDEN RIDGE RESOURCES LTD. (An Exploration Stage Company) NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE THREE AND SIX MONTH PERIOD ENDED DECEMBER 31, 2025 AND 2024 (Unaudited - Expressed in Canadian Dollars) 14 15. RELATED PARTY TRANSACTIONS Related party transactions are in the normal course of operations and measured at the exchange amount, which is the amount of consideration established and agreed by the related parties. Amounts due to or from related parties are non-interest bearing and unsecured. December 31 December 31 2025 2024 Key management personnel compensation comprised: Administration and management fees $16,608 $23,888 Consulting fees 92,550 $94,425 Director fees 12,000 $12,000 $121,158 $130,313 a) Key Management Compensation i) Consulting fees of $62,400 (2024 - $52,000) were paid or accrued to Tank Enterprises, a company controlled by the President, CEO and director of the Company; ii) Consulting fees of $30,150 (2024 - $42,425) were paid or accrued to Minco Corporate Management Inc. (“Minco”), a company controlled by the Chief Financial Officer; iii) Administration fees of $Nil (2024 - $23,888) were paid or accrued to Minco, a company controlled by the Chief Financial Officer for administration and accounting personnel services; iv) Administration fees of $16,608 (2024 - $Nil) were paid or accrued to Pacwest Management Ltd. a company controlled by a family member of the CFO; and v) Director fees of $3,000 per quarter were paid to each of the non-executive directors. b) Rent The Company currently pays BruMar Holdings, a company owned 100% by the CEO, for rent and expenses on a month-to-month basis for an exploration office space for a total $11,400 for the period ended December 31, 2025 (2024 - $6,300). On May 1, 2025 the Company entered into an office lease agreement between the Company and 1113382 BC Ltd., a company owned 50% by the CEO and Parabellum Strategies Inc. (the “Lease”) for a period of three years. As at December 31, 2025 the Company incurred expenditures of $Nil (June 30, 2025 - $105,204) in leasehold improvements in connection with the Lease (see Notes 9 and 11). c) Related Party Liabilities December 31 June 30 Amounts due to: Service for: 2025 2025 Minco Expenses - $410 M Blady Fees - 10,920 M Blady Rent & Expenses - 5,087 L. Nagy Directors Fees - 3,000 W. Lindqvist Directors Fees - 3,000 $- $22,417 GOLDEN RIDGE RESOURCES LTD. (An Exploration Stage Company) NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE THREE AND SIX MONTH PERIOD ENDED DECEMBER 31, 2025 AND 2024 (Unaudited - Expressed in Canadian Dollars) 15 15. RELATED PARTY TRANSACTIONS (cont’d) d) Related Party Receivables (Note 6) September 30 June 30 Amounts due from: Service for: 2025 2025 South Atlantic Gold Corp. Rent & Expenses $2,715 $7,875 Bronco Resources Corp. Rent & Expenses 7,720 7,875 $10,435 $15,750 Amounts due from related parties’ expenditures were incurred for prior year shared office space and administrative personnel that have common directors or officers and amounts due --- are without interest or stated terms of repayment. 16. LOSS PER SHARE December 31 December 31 2025 2024 Net loss attributable to ordinary shareholders ($258,555) ($409,592) Weighted average number of common shares 58,541,320 $58,541,320 Basic and diluted loss per share ($0.00) ($0.01) 17. SEGMENT REPORTING The Company is organized into business units based on mineral properties and has one reportable operating segment, being that of acquisition and exploration and evaluation activities in Canada. The Company’s non- current assets as December 31, 2025 and June 30, 2025 are all in Canada. 18. SUPPLEMENTAL CASH FLOW INFORMATION Investing and financing activities that do not have a direct impact on cash flows are excluded from the statements of cash flows. During the periods ended December 31, 2025 and 2024, there were no transactions excluded from the condensed consolidated interim statements of cash flows.