Riverside Resources : Unaudited Financials and MD&A 3rd Quarter for the period ending June 30, 2021

RIVERSIDE RESOURCES INC.

(An Exploration Stage Enterprise)

(Expressed in Canadian Dollars)

Condensed Interim Consolidated Financial Statements

For the Nine Months ended June 30, 2021 and 2020

(Unaudited- Prepared by Management)

RIVERSIDE RESOURCES INC.

Index to Condensed Interim Consolidated Financial Statements

June 30, 2021

	Page
NOTICE OF NON-REVIEW OF CONDENSED INTERIM CONSOLIDATED FINANCIAL STATMENTS	3
CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS
Condensed Interim Consolidated Statements of Financial Position	4
Condensed Interim Consolidated Statements of Income and Comprehensive Income	5
Condensed Interim Consolidated Statements of Cash Flows	6
Condensed Interim Consolidated Statements of Changes in Shareholders' Equity	7
Notes to the Condensed Interim Consolidated Financial Statements	8-30

NOTICE OF NON-REVIEW OF CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS

In accordance with National Instrument 51‐102 Part 4, subsection 4.3(3)(a), if an auditor has not performed a review of these condensed interim consolidated financial statements, they must be accompanied by a notice indicating that these condensed interim consolidated financial statements have not been reviewed by an auditor.

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

The attached condensed interim consolidated financial statements for the nine months ended June 30, 2021 have not been reviewed by the Company's auditors.

RIVERSIDE RESOURCES INC.

(An Exploration Stage Enterprise)

Consolidated Statements of Financial Position as at June 30, 2021

(Unaudited- Expressed in Canadian Dollars)

			Note		June 30,	September 30,
					2021		2020
	Assets
	Current assets:
	Cash and cash equivalents		15	$	4,065,526	$	4,588,578
	Short-term investments		5		3,169,225		1,463,312
	Share subscription receivable		12		-		13,750
	Receivables		6		1,071,401		596,452
	Prepaid expenses		7		114,305		109,672
					8,420,457		6,771,764
	Equipment		8		252,928		232,011
	Exploration and evaluation assets		9		5,815,635		5,217,947
				$	14,489,020	$	12,221,722
	Liabilities and Shareholders' Equity
	Current liabilities:
	Accounts payable and accrued liabilities	10	$	836,820	$	1,635,890
	Provision liability		18		1,024,225		990,184
					1,861,045		2,626,074
	Government loan		11		-		31,970
					1,861,045		2,658,044
	Shareholders' equity:
	Capital stock		12		25,468,861		24,961,986
	Reserves		12		3,649,725		3,458,788
	Deficit				(14,243,155)		(16,596,443)
	Accumulated other comprehensive loss			(2,247,456)		(2,260,653)
					12,627,975		9,563,678
				$	14,489,020	$	12,221,722
Nature and continuance of operations (Note 1)
Subsequent events (Note 19)
On behalf of the Board on August 25, 2021
	"Walter Henry"	Director		"Carol Ellis"	Director
	Water Henry			Carol Ellis

The accompanying notes are an integral part of these condensed interim consolidated financial statements.

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RIVERSIDE RESOURCES INC.

(An Exploration Stage Enterprise)

Condensed Interim Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) (Unaudited- Expressed in Canadian Dollars)

		3 Month Ended	3 Month Ended	9 Month Ended	9 Month Ended
	Note		June 30,		June 30,		June 30,		June 30,
			2021		2020		2021		2020
Expenses
Management and consulting fees (recovery)	9, 13	$	25,369		$ 86,540	$	(1,783)	$	215,633
Depreciation	8		20,259		11,339		57,370		39,055
Director fees	13		9,000		9,000		27,000		27,000
Foreign exchange (gain) loss			27,979		57,526		148,675		(55,241)
General and administration			30,636		64,938		79,929		156,558
Interest recovery	11		(3,602)		-		(1,970)		-
Investor relations	13		61,207		82,223		203,546		219,248
Professional fees			33,819		41,059		108,602		288,130
Property investigation and evaluation			833		97,775		3,646		100,076
Rent			20,315		20,315		60,946		59,979
Share-based payments	12,13		39,471		30,167		251,602		121,069
Finance income			(4,938)		(1,652)		(11,149)		(37,055)
Other income	5, 13		(50,983)		(11,077)		(114,854)		(49,634)
Unrealized loss (gain) on short-term investments	5	(1,947,722)		(561,520)		(1,992,836)		(1,552,258)
Realized loss (gain) on short-term investments	5		-		(210,820)		(1,172,012)		174,294
Net income for the period			1,738,357		281,187		2,353,288		293,146
Foreign exchange movements			71,196		(128,093)		13,197		(970,706)
Comprehensive income (loss) for the period			1,809,533		156,094		2,366,485		(677,560)
Income (Loss) per share - basic and diluted		$	0.00	$	0.01	$	0.00	$	0.01
Weighted average number of
common shares outstanding
- basic and diluted			66,131,68	63,104,924		65,252,511		62,972,336

The accompanying notes are an integral part of these condensed interim consolidated financial statements.

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