RIMK GOLD : Quarterly Report Ended February 28, 2022.

Condensed Consolidated Financial Statements

Rimrock Gold Corp.

For the six months ended February 28, 2022

Rimrock Gold Corp.

Condensed Consolidated Financial Statements

For the six months ended February 28, 2022

Table of contents

Condensed Consolidated Balance Sheets.………... …………....…………………… . ………………… ..1

Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income ......................... 2

Condensed Consolidated Statements of Cash Flows…….. ………………… .……... …………………..... 3

Condensed Consolidated Statements of Stockholders Deficiency ………… .……... …………………..... 4

Notes to Condensed Consolidated Financial Statements.. ………… . ………………………………… 5 - 11

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

(Expressed in US dollars)

February 28, 2022 $

August 31, 2021 $

ASSETS Non-current assets Inventory

Equipment, net [Note 5]

2,406 2,406

1,506 1,744

Total assets

3,912

4,150

LIABILITIES AND STOCKHOLDERS' DEFICIENCY Current liabilities

Accounts payable Accrued liabilities

Advances from a related party [Note 6] Common stock to be issued [Note 8]

153,063 147,004

15,013 14,895

60,904 57,867

142,490 142,490

Total current liabilities

371,470

362,256

Stockholders' deficiency

Preferred stock, $0.001 par value, 1,000,000 shares authorized, 500,500 preferred shares outstanding at February 28, 2022 and August 31, 2021 [Note 7]

Common stock, $0.001 par value, 2,900,000,000 shares authorized, 2,725,701,808 common shares outstanding as at February 28, 2022 and August 31, 2021 [Note 7]

Additional paid-in capital Accumulated deficit

501

501

2,725,702 2,725,702

2,556,534 2,556,534

(5,650,295)

(5,640,843)

Total stockholders' deficiency

(367,558)

(358,106)

Total liabilities andstockholders' deficiency

3,912

4,150

See accompanying notes

Going concern [Note 3]

Contingencies and commitments [Note 9]

Related party transactions and balnces [Note 10]

Subsequent events [Note 11]

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS)

INCOME (UNAUDITED)

(Expressed in US dollars)

For the	For the	For the	For the
three months ended	three months ended	six months ended	six months ended
February 28, 2022	February 28, 2021	February 28, 2022	February 28, 2021
$	$	$	$
Sales	-	1,353	96	1,353
Cost of goods sold	-	940	47	940
Gross Profit	-	413	49	413
EXPENS ES
Professional fees	1,780	12,290	6,121	13,665
Interest expense	59	59	118	118
Office and general	2,259	2,816	3,024	3,141
Depreciation	102	185	238	284
Total operating (income) expenses	4,200	14,937	9,452	16,795
Net profit (loss) from operations	(4,200)	(14,937)	(9,452)	(16,795)
Exchange Gain (Loss)	-	1,019	-	1,019
Net income (loss) from operations before
income taxes	(4,200)	(13,918)	(9,452)	(15,776)
Income taxes	-	-	-	-
Net income (loss) for the period	(4,200)	(13,918)	(9,452)	(15,776)
Earnings (loss) per share, basic and diluted	(0.0000)	(0.0000)	(0.0000)	(0.0000)
Weighted average number of
common shares outstanding	2,725,701,808	2,650,701,808	2,725,701,808	2,650,701,808
See accompanying notes
Page | 2

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

(Expressed in US dollars)

For the	For the
six months ended	six months ended
February 28, 2022	February 28, 2021
(unaudited)	(unaudited)

$	$
OPERATING ACTIVITIES
Net income (loss) for the period	(9,452)	(16,795)
Items not affecting cash
Depreciation	238	284
Exchange Gain	-	1,019
Interest expense	118	118
Stock based Compensation	-	10,000
Change in accounts payable	6,059	(6,068)
Net cash used in operating activities	(3,037)	(11,442)
INVES TING ACTIVITIES
Acquisition of equipment	-	(935)
Net cash used in investing activities	-	(935)
FINANCING ACTIVITIES
Advances from related parties	3,037	12,525
Net cash provided by financing activities	3,037	12,525
Net decrease in cash during the period	-	148
Cash, beginning of period	-	-
Cash, end of period	-	148
See accompanying notes