Ophir Gold : Interim Financial Statements Q222

CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

FOR THE SIX MONTHS ENDED NOVEMBER 30, 2021

(UNAUDITED)

NOTICE OF NO AUDITOR REVIEW OF INTERIM FINANCIAL STATEMENTS

Under National Instrument 51-102, Part 4, subsection 4.3(3) (a), if an auditor has not performed a review of the interim financial statements, they must be accompanied by a notice indicating that the financial statements have not been reviewed by an auditor. The Company's independent auditor has not performed a review of these financial statements in accordance with standards established by the Canadian Institute of Chartered Accountants for a review of interim financial statements by an entity's auditor.

The accompanying unaudited condensed consolidated interim financial statements of Ophir Gold Corp. for the six months ended November 30, 2021 have been prepared by the management of the Company and approved by the Company's Audit Committee and the Company's Board of Directors.

The accompanying unaudited condensed consolidated interim financial statements of the Company have been prepared by and are the responsibility of the Company's management.

Table of Contents
Condensed Consolidated Interim Statements of Financial Position (unaudited) .......................................	4
Condensed Consolidated Interim Statements of Loss and Comprehensive Loss (unaudited) .....................	5
Condensed Consolidated Interim Statements of Changes in Shareholders' Equity (unaudited) .................	6
Condensed Consolidated Interim Statements of Cash Flows (unaudited) .................................................	7
Notes to the Condensed Consolidated Interim Financial Statements (unaudited).....................................	8
1.	Nature of business and going concern........................................................................................................	8
2.	Significant accounting standards and basis of preparation........................................................................	9
3.	Marketable securities ...............................................................................................................................	10
4.	Reclamation deposit .................................................................................................................................	10
5.	Exploration and evaluation assets ............................................................................................................	10
6.	Share capital..............................................................................................................................................	14
7.	Related party transactions and balances..................................................................................................	17
8.	Commitment .............................................................................................................................................	18
9.	Segmented information............................................................................................................................	18
10.	Capital management.................................................................................................................................	19
11.	Financial instruments................................................................................................................................	19

Ophir Gold Corp.

Condensed Consolidated Interim Statements of Financial Position (unaudited) (Expressed in Canadian Dollars)

	As at	November 30,	May 31,
		2021	2021
	Note(s)	$	$
ASSETS
Current assets
Cash		943,054	2,153,560
Marketable securities	3	72,000	60,000
Amounts receivable		10,721	8,449
Prepaid expenses		99,784	225,514
		1,125,559	2,447,523
Non-current assets
Reclamation deposits	4	69,633	65,784
Exploration and evaluation assets	5	3,537,318	1,158,301
		3,606,951	1,224,085
TOTAL ASSETS		4,732,510	3,671,608
LIABILITIES
Current liabilities
Accounts payable and accrued liabilities	7	116,480	133,121
TOTAL LIABILITIES		116,480	133,121
SHAREHOLDERS' EQUITY
Share capital	6	7,456,511	6,397,438
Shares subscribed	6	-	50,000
Contributed surplus	6	4,377,145	3,994,307
Deficit		(7,217,626)	(6,903,258)
TOTAL SHAREHOLDERS' EQUITY		4,616,030	3,538,487
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY		4,732,510	3,671,608
Nature of business and going concern	1
Commitment	8
Segmented information	9
Subsequent events	6

These unaudited condensed consolidated interim financial statements were approved for issue by the Board of Directors and signed on its behalf by:

/s/ Jon BeyDirector

/s/ Shawn WestcottDirector

See accompanying notes to these unaudited condensed consolidated interim financial statements.

Ophir Gold Corp.

Condensed Consolidated Interim Statements of Loss and Comprehensive Loss (unaudited) (Expressed in Canadian Dollars)

						For the three months ended
						November 30,	November 30,
					2021	2020
			Note(s)	$	$
	Expenses
	Consulting fees	7		35,887	71,341
	Foreign exchange gain				(2,596)	-
	General & administrative				9,726	31,327
	Investor relations and promotion				7,966	8,540
	Professional fees	7		82,556	23,111
	Regulatory & transfer agents				10,105	14,845
	Share-based payments	6		-	-
	Travel				377	-
					(144,021)	(149,164)
	Other income
	Fair value gain on marketable	3		6,000	15,000
	securities
	Loss and comprehensive loss				(138,021)	(134,164)
	Basic and diluted loss per share for				(0.00)	(0.00)
	the period ($ per common share)
	Weighted average number of
	common shares outstanding				57,017,777	28,430,147
	- basic and diluted

For the six months ended

	November 30,		November 30,
2021	2020
$	$
70,876	98,341
(75,541)	-
19,771	31,948
17,727	9,650
115,259	29,683
18,211	15,881
158,229	-
1,836	-
(326,368)	(185,503)
12,000	35,000
(314,368)	(150,503)
(0.01)	(0.01)
54,068,315	23,000,363

See accompanying notes to these unaudited condensed consolidated interim financial statements.