GREEN BATTERY MINERALS INC.

(Previously Goldcore Resources Ltd. and Berkwood Resources Ltd.)

(An Exploration Stage Company)

Consolidated Interim Financial Statements

Periods Ended November 30, 2021 and 2020

(Expressed in Canadian dollars)

Index

FINANCIAL STATEMENTS

Page

Notice to Readers

1

Consolidated Statements of Financial Position

2

Consolidated Statements of Loss and Comprehensive Loss

3

Consolidated Statements of Changes in Shareholders' Equity

4

Consolidated Statements of Cash Flows

5

Notes to the Consolidated Financial Statements

6 - 27

NOTICE - NO Auditor Review of the Interim Financial Statements

The accompanying unaudited interim consolidated financial statements of Green Battery Minerals Inc., ("the Company"), for the nine months ended November 30, 2021, have been prepared by the management and have not been the subject of a review by the Company's external independent auditors.

Page 1

GREEN BATTERY MINERALS INC.

Consolidated Statements of Financial Position

(Expressed in Canadian Dollars)

November 30,

February 28,

As at

2021

2021

ASSETS

Current

$

4,153,220

Cash

$

874,227

Accounts receivable

25,494

24,712

Exploration advances

50,694

-

Prepaid expenses

46,290

165,903

4,275,698

1,064,842

Furniture and equipment (Note 4)

12,742

15,780

Mineral property interests (Note 5)

1,683,489

1,669,536

$

5,971,929

$

2,750,158

LIABILITIES AND SHAREHOLDERS' EQUITY

Current

$

38,740

Accounts payable and accrued liabilities

$

72,386

Due to related parties (Note 6)

72,509

40,362

111,249

112,748

Shareholders' equity

38,977,058

Share capital (Note 7)

34,299,269

Contributed surplus (Note 8)

4,324,740

4,064,546

Deficit

(37,441,118)

(35,726,405)

5,860,680

2,637,410

$

5,971,929

$

2,750,158

These consolidated financial statements were approved by the Board of Directors on January 21, 2022.

"Thomas Yingling"

"Binny Jassal"

Director - Thomas Yingling

Director - Binny Jassal

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

Page 2

GREEN BATTERY MINERALS INC.

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

Three Months

Three Months

Nine Months

Nine Months

Ended

Ended

Ended

Ended

November 30,

November 30,

November 30,

November 30,

2021

2020

2021

2020

Expenses

$

1,012

$

3,038

Amortization (Note 4)

$

1,386

$

4,158

Consulting fees (Note 6)

105,658

149,500

450,806

304,275

Exploration and evaluation (Notes 5 )

408,535

-

495,813

1,090

Office and administration

10,457

10,459

45,078

18,926

Promotional and marketing

13,700

481

47,029

481

Professional fees (Note 6)

40,500

17,193

113,811

54,214

Shareholder communications

27,366

15,349

231,307

15,349

Stock-based compensation (Notes 6 and 7)

-

62,832

217,632

62,832

Travel

13,880

1,698

22,596

5,682

Trade shows and events

11,457

-

11,457

4,788

Transfer agent and filing fees

36,659

5,751

76,146

16,635

669,224

264,649

1,714,713

488,430

Loss before other items

(669,224)

(264,649)

(1,714,713)

(488,430)

Other items

Mining exploration tax credit

-

20,126

-

20,126

Net loss and comprehensive loss for the period

$

(669,224)

$

(244,523)

$

(1,714,713)

$

(468,304)

Loss per common share - basic and diluted

$

(0.01)

$

(0.01)

$

(0.03)

$

(0.03)

Weighted average number of common shares

outstanding

54,471,439

17,575,340

51,170,798

17,488,358

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

Page 3

GREEN BATTERY MINERALS INC.

Consolidated Interim Statements of Changes in Shareholders' Equity (Expressed in Canadian Dollars)

Number of

Contributed

Shareholders'

Shares

Share Capital

Surplus

Deficit

Equity

Balance, February 28, 2021

39,941,340

$

34,299,269

$

4,064,546

$

(35,726,405)

$

2,637,410

Private placements - net of share issuance costs

28,221,001

4,613,851

-

-

4,613,851

Shares issued pursuant to exercise of warrants

350,000

70,000

-

-

70,000

Shares issued pursuant to exercise of options

250,000

36,500

-

-

36,500

Broker's shares

533,946

92,058

-

-

92,058

Fair value of broker's shares granted

-

(92,058)

-

-

(92,058)

Stock-based compensation

-

-

217,632

-

217,632

Fair value of options exercised

-

35,651

(35,651)

-

-

Fair value of brokers' warrants granted

-

(78,213)

78,213

-

-

Net loss for the period

-

-

-

(1,714,713)

(1,714,713)

Balance, November 30, 2021

69,296,287

$

38,977,058

$

4,324,740

$

(37,441,118)

$

5,860,680

Balance, February 29, 2020

17,445,340

$

31,747,878

$

3,512,041

$

(33,370,987)

$

1,888,932

Private placements - net of share issuance costs

15,000,000

1,409,285

-

-

1,409,285

Shares issued pursuant to exercise of stock options

2,947,500

347,150

-

-

347,150

Shares issued pursuant to exercise of warrants

412,500

82,500

-

-

82,500

Shares issued pursuant to property agreements

4,000,000

520,000

-

-

520,000

Broker's shares

136,000

13,600

-

-

13,600

Fair value of broker's shares granted

-

(13,600)

-

-

(13,600)

Stock-based compensation

-

-

744,961

-

744,961

Fair value of brokers' warrants granted

-

(10,222)

10,222

-

-

Fair value of stock options exercised

-

202,678

(202,678)

-

-

Net loss for the year

-

-

-

(2,355,418)

(2,355,418)

Balance, February 28, 2021

39,941,340

$

34,299,269

$

4,064,546

$

(35,726,405)

$

2,637,410

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

Page 4

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Green Battery Minerals Inc. published this content on 24 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 January 2022 19:23:04 UTC.