Stinger Resources : Q4 2021 Financial Statement

Stinger Resources Inc.

Consolidated Financial Statements

December 31, 2021

(unaudited - prepared by management) (Expressed in Canadian dollars)

Stinger Resources Inc.

Interim Statements of Financial Position

As at December 31,

(unaudited - prepared by management) (expressed in Canadian dollars)

	2021	2020
	$	$
Assets
Current assets
Cash	3,014,250	-
Prepaid expenses and deposits (note 4)	906,887	-
Receivable (note 5)	71,450	1
Marketable securities (note 6)	2,955,054	-
	6,947,641	1
Property and equipment (note 7)	560,303	-
Exploration and evaluation assets (notes 8 and 15)	4,015,066	-
	11,523,010	1
Liabilities
Current liabilities
Accounts payable and accrued liabilities (note 8)	38,140	-
Loan payable (note 15)	23,953	-
	62,093	-
Shareholders' Equity
Share capital (note 9)	13,599,078	1
Reserves (note 9)	191,109	-
Deficit	(2,329,270)	-
	11,460,917	1
	11,523,010	1
Going concern (note 1)
Commitments (note 14)

See accompanying notes to these interim financial statements.

Approved by the Board of Directors

"Darren R. Blaney"

Director ____"Robert N. Edwards"____________Director

Stinger Resources Inc.

Interim Statements of Income and Comprehensive Income (Loss)

For the years ended December 31,

(unaudited - prepared by management) (expressed in Canadian dollars)

Expenses

Advertising and promotion

Business development and property investigation

Corporate communications

Depreciation on equipment (note 7)

Filing and transfer agent fees

Management fees (note 10)

Office and administration

Professional fees

Stock-based compensation (note 9 and 10)

Other

Gain (loss) on investment value

Net and Comprehensive income (loss)

Basic and diluted loss per common share

Basic and diluted weighted average number of common shares outstanding

2021	2020
$	$
26,378	-
40,533	-
7,533	-
79,016	-
42,511	-
315,000	-
80,347	-
48,310	-
191,109	-
(830,737)	-
1,498,533	-
(2,329,270)	-
(0.06)	(0.00)
40,009,910	1

See accompanying notes to these interim financial statements.

Stinger Resources Inc.

Interim Statements of Changes in Equity

For the years ended December 31,

(unaudited - prepared by management) (expressed in Canadian dollars)

	Share capital		Reserves
				Share-based
	Number of			payment
	shares	Amount		reserve	Deficit	Equity
		$	$		$	$
Balance as at January 1, 2021	1	1	-		-	1
Shares issued:
Shares issued pursuant to plan of
arrangement (note 9)	45,000,388	13,035,224	-		-	13,035,224
Warrant exercise (note 9)	4,636,030	563,287	-		-	563,287
Options exercised (note 9)	11,324	566					566
Valuation of options granted (note 9)	-	-	191,109		-	191,109

Net and comprehensive income Balance as at December 31, 2021 Balance as at January 1, 2020

Shares issued:

Net and comprehensive loss Balance as at December 31, 2020

-	-	-	(2,329,270)	(2,329,270)
49,647,742	13,599,078	191,109	(2,329,270)	11,460,917
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-

See accompanying notes to these interim financial statements.