Silver Sands Resources : Interim FS Q1 - April 30, 2022

(Formerly Golden Opportunity Resources Corp.)

CONDENSED INTERIM FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED APRIL 30, 2022 AND 2021

(Expressed in Canadian dollars)

(Unaudited)

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Notice of No Auditor Review of Interim Financial Statements

The accompanying unaudited condensed interim financial statements have been prepared by

management and approved by the Audit Committee. The Company's independent auditors have not performed a review of these condensed interim financial statements in accordance with the standards established by the Canadian Institute to Chartered Accountants for a review of condensed interim financial statements by an entity's auditors.

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SILVER SANDS RESOURCES CORP. STATEMENTS OF FINANCIAL POSITION (Expressed in Canadian dollars) (unaudited)

		April 30,		January 31,
		2022		2022
ASSETS
CURRENT
Cash	$	861,859	$	261,607
Prepaid expenses		7,587		12,139
GST receivable		13,478		7,360
		882,924		281,106
EXPLORATION AND EVALUATION ASSETS (Note 4)		6,175,896		5,113,252
	$	7,058,820	$	5,394,358
LIABILITIES
CURRENT
Accounts payable and accrued liabilities (Note 5)	$	42,999	$	29,362
		42,999		29,362
SHAREHOLDERS' EQUITY
Share capital (Note 6)	$	9,436,604	$	7,717,731
Contributed surplus		1,247,047		1,033,943
Deficit		(3,667,829)		(3,386,678)
		7,015,821		5,364,996
	$	7,058,820	$	5,394,358

NATURE OF BUSINESS AND CONTINUING OPERATIONS (Note 1)

COMMITMENTS (Note 4)

SUBSEQUENT EVENT (Note 10)

Approved and authorized for issue on behalf of the Board on June 29, 2022.

"Keith Anderson"

Director

"Alexander Helmel"

Director

The accompanying notes are an integral part of these unaudited condensed interim financial

statements.

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SILVER SANDS RESOURCES CORP. STATEMENTS OF COMPREHENSIVE LOSS (Expressed in Canadian dollars) (unaudited)

		Three months		Three months
		ended		ended
		April 30, 2022		April 30, 2021
EXPENSES
Advertising and promotion	$	5,862	$	226,293
Consulting fees (Note 7)		69,000		84,000
Management fees (Note 7)		30,000		30,000
Office and Miscellaneous		932		1,180
Professional fees		9,833		5,386
Property investigation costs		-		-
Share-based payments (Notes 6 and 7)		152,576		9,200
Transfer agent and filing fees		12,948		11,482
NET LOSS AND COMPREHENSIVE LOSS	$	281,151	$	367,541
LOSS PER SHARE (basic and diluted)	$	0.00	$	0.01
WEIGHED AVERAGE NUMBER OF COMMON		66,835,766		55,943,454
SHARES OUTSTANDING (basic and diluted)

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

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SILVER SANDS RESOURCES CORP. STATEMENTS OF CHANGES IN EQUITY (Expressed in Canadian dollars) (unaudited)

	Common Shares
	Number of	Amount	Contributed	Deficit	Total
	Shares	Surplus
		$	$	$	$
Balance, January 31, 2022	59,099,249	7,717,731	1,033,943	(3,386,678)	5,364,996
Shares issued for private placements	13,450,000	1,265,717	33,683	-	1,299,400
Shares issued for exploration assets	4,000,000	480,000	-	-	480,000
Share-based payments	-	-	152,576	-	152,576
Net loss for the period	-	-	-	(281,151)	(281,151)
Balance, April 30, 2022	76,549,249	9,463,448	1,220,203	(3,667,829)	7,015,821
Balance, January 31, 2021	55,926,241	6,935,028	1,021,116	(2,476,845)	5,479,299
Shares issued for exercise of warrants	150,000	18,750	-	-	18,750
Shares issued for exercise of options	28,000	2,800	-	-	2,800
Share-based payments	-	-	9,200	-	9,200
Net loss for the period	-	-	-	(367,541)	(367,541)
Balance, April 30, 2021	56,104,241	6,956,578	1,030,316	(2,844,386)	5,142,508

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

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