# Winshear Gold Corp. Condensed Consolidated Interim Financial Statements for the Nine Months Ended December 31, 2025 Source Brief: https://evesgoldminers.com/research/source-briefs/winshear-metals-corp-2026-02-27-winshear-gold-corp-condensed-consolidated-interim-3f745d2a Original source: https://winshear.com/site/assets/files/3941/wins_2025-12-31_fs.pdf Original published: 2026-02-27 EGM generated: 2026-09-04 Company: Winshear Metals Corp. (WINS) ## Use Note This is the Eve's Gold Miners normalized Markdown copy of an official or regulatory public source. It is provided for readability, search discovery, and research resilience. The original source remains authoritative for legal, regulatory, and investment decisions. ## Extracted Document Text # Winshear Gold Corp. Condensed Consolidated Interim Financial Statements for the Nine Months Ended December 31, 2025 Source: https://winshear.com/site/assets/files/3941/wins_2025-12-31_fs.pdf Published: 2026-02-27T00:00:00+00:00 Fetched: 2026-08-02T21:00:21.619+00:00 Source artifact: 3f745d2a-8c44-46eb-bfc2-ede21ed317b5 Normalizer input: text ## Content # Winshear Gold Corp. Condensed Consolidated Interim Financial Statements for the Nine Months Ended December 31, 2025 Source: https://winshear.com/site/assets/files/3941/wins_2025-12-31_fs.pdf Published: 2026-02-27 CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS For the Nine Months Ended December 31, 2025 and 2024 (Unaudited - Expressed in Canadian Dollars) CONDENSED CONSOLIDATED INTERIM STATEMENTS OF FINANCIAL POSITION (Unaudited - Expressed in Canadian Dollars) As at Note December 31, 2025 March 31, 2025 0B0B ASSETS Current Cash 5 $ 472,936 $ 1,363,845 Receivables and prepaids 6 66,707 62,706 Investments 7 - 3,000 Total Assets $ 539,643 $ 1,429,551 1B1B LIABILITIES Current Trade and other payables 5, 10 $ 71,006 $ 175,535 Total Liabilities 71,006 175,535 2B2B SHAREHOL DERS’ EQUITY Share capital 9 30,621,676 30,018,538 Reserves 9 12,115,365 11,906,571 Deficit (42,268,404) (40,671,093) Total Shareholders’ Equity 468,637 1,254,016 Total Liabilities and Shareholders’ Equity $ 539,643 $ 1,429,551 Nature of operations and going concern (Note 1) Commitments (Notes 8) Subsequent Event (Note 13) Approved on behalf of the Board: “Richard Williams” “Andrew MacRitchie” Richard Williams Andrew MacRitchie 1 THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS CONDENSED CONSOLIDATED INTERIM STATEMENTS OF LOSS AND COMPREHENSIVE LOSS (Unaudited - Expressed in Canadian Dollars) For the 3 months ended For the 3 months ended For the 9 months ended For the 9 months ended Note Dec. 31, 2025 Dec. 31, 2024 Dec. 31, 2025 Dec. 31, 2024 _OPERATING EXPENSES Exploration 8 $ 330,245 $ 518,986 $ 997,639 $ 1,199,314 Filing and transfer agent fees 9,662 6,783 26,751 16,424 Professional fees 11,305 34,482 84,232 96,506 Marketing 29,304 45,755 58,303 53,092 General and administration 16,985 16,569 50,915 64,560 Salaries and consulting 84,250 98,000 257,831 281,000 Share-based payment 9 45,930 83,083 76,482 120,387 (527,681) (803,658) (1,552,153) (1,831,283) _OTHER INCOME (LOSS) Interest income 4,147 13,648 21,742 48,826 Foreign exchange (loss) gain (9,405) 107,569 (69,585) 98,253 Gain on investments 7 1,560 4,500 2,685 3,750 Net and comprehensive loss for the period $ (531,379) $ (677,941) $ (1,597,311) $ (1,680,454) Basic loss per common share $ (0.01) $ (0.02) $ (0.04) $ (0.05) Basic weighted average number of 44,251,965 31,418,632 40,262,753 31,418,632 common shares outstanding 2 THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (Unaudited - Expressed in Canadian Dollars) SHARE CAPITAL Number Amount Reserves Deficit Total At March 31, 2024 31,418,632 $ 30,018,538 $ 11,743,110 $ (38,611,669) $ 3,149,979 Share-based payment - - 120,387 - 120,387 Loss for the period - - - (1,680,454) (1,680,454) At December 31, 2024 31,418,632 $ 30,018,538 $ 11,863,497 $ (40,292,123) $ 1,589,912 At March 31, 2025 31,418,632 $ 30,018,538 $ 11,906,571 $(40,671,093) $ 1,254,016 Private placement issuance 12,633,333 636,084 121,916 - 758,000 Share issue costs - (46,946) 10,396 - (36,550) Shares issued for exploration 200,000 14,000 - - 14,000 Share-based payment - - 76,482 - 76,482 Loss for the period - - - (1,597,311) (1,597,311) At December 31, 2025 44,251,965 $ 30,621,676 $ 12,115,365 $ (42,268,404) $ 468,637 Share Capital (Note 9) 3 THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS (Unaudited - Expressed in Canadian Dollars) For the 9 months ended For the 9 months ended Note December 31, 2025 December 31, 2024 4B4B OPERATING ACTIVITIES Loss for the period $ (1,597,311) $ (1,680,454) Items not involving cash: Unrealized foreign exchange 38,978 - Unrealized gain on investments 7 (2,685) (3,750) Share based payment 9 76,482 120,387 Shares issued for exploration expense 9 14,000 - Changes in non-cash working capital items: Receivables and prepaids (4,001) 199,407 Trade and other payables (104,528) (121,698) Cash flows used in operating activities (1,579,065) (1,486,108) 6B6B INVESTING ACTIVITIES Proceeds from disposal of marketable securities 7 5,685 - Cash flows from investing activities 5,685 - 6B6B FINANCING A CTIVITIES Proceeds from private placement issuance 9 758,000 - Share issuance costs (36,551) - Cash flows from financing activities 721,449 - Effect of foreign exchange on cash (38,978) - Change in cash during the period (890,909) (1,486,108) Cash—beginning of period 1,363,845 3,149,066 Cash—end of period $ 472,936 $ 1,662,958 4 THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS Notes to the Condensed Consolidated Interim Financial Statements (Unaudited - Expressed in Canadian dollars) December 31, 2025 01 NATURE OF OPERATIO NS AND GOING CONCERN Winshear Gold Corp. (the “Company”) was incorporated on November 8, 1998 under the laws of the British Columbia Business Corporations Act. The Company is listed on the TSXV Venture Exchange (the “TSXV”) under the symbol “WINS-V”. The Company’s head office is at 1056-409 Granville Street, Vancouver, British Columbia, V6C 1T2. The Company’s principal business activities include the acquisition and exploration of mineral exploration assets. To date, the Company has not earned any revenues and is considered to be in the exploration stage. Although the Company has taken steps to verify title to the properties on which it is conducting exploration and in which it has an interest, in accordance with industry standards for the current stage of operations of such properties, these procedures do not guarantee the Company’s title. Property title may be subject to government licensing requirements or regulations, social licensing requirements, unregistered prior agreements, unregistered claims, aboriginal claims, and non-compliance with regulatory and environmental requirements. Loss of title to a material mineral property interest could be a significant impediment to the Company. These condensed consolidated interim financial statements (the “Financial Statements”) have been prepared assuming the Company will continue as a going-concern. The ability of the Company to continue as a going- concern depends upon its ability to continue to raise adequate financing and to develop profitable operations. These Financial Statements do not include adjustments to amounts and classifications of assets and liabilities that might be necessary should the Company be unable to continue operations. Such adjustments could be material. Material uncertainty exists that may cast significant doubt on the Company’s ability to continue as a going concern. The Company has working capital of $468,637 as of December 31, 2025 (March 31, 2025 - $1,254,016). As a result of forecast operating losses, the continuance of the Company’s operations is dependent on obtaining sufficient additional financing to realize recoverability of the Company’s investments in its mineral exploration properties. While the Company has been successful in obtaining financing in the past, that does not guarantee future success. Management closely monitors metal commodity prices, individual equity movements and the stock market to determine the appropriate course of action to be taken by the Company if favourable or adverse market conditions occur. 02 BASIS OF PREPARATION Statement of Compliance These Financial Statements have been prepared in accordance with International Accounting Standards (“IAS”) 1, “Presentation of Financial Statements” and utilize accounting policies consistent with International Financial Reporting Standards (“IFRS”) issued by the International Accounting Standards Board (“IASB”) and Interpretations of the International Financial Reporting Interpretations Committee (“IFRIC”), applicable to the preparation of interim financial statements including International Accounting Standard 24 – Interim Financial Reporting. Accordingly, certain disclosures included in the annual financial statements prepared in accordance with IFRS as issued by the IASB have been condensed or omitted. These Financial Statements should be read in conjunction with the Company’s audited consolidated financial statements for the year ended March 31, 2025. 5 Notes to the Condensed Consolidated Interim Financial Statements (Unaudited - Expressed in Canadian dollars) December 31, 2025 Approval of The Financial Statements These Financial Statements were authorized for issue by the Board of Directors of the Company on March 2, 2026. Basis of Presentation These Financial Statements have been prepared on a historical cost basis, except for financial instruments classified as financial instruments at fair value through profit and loss, which are stated at their fair value. In addition, these Financial Statements have been prepared using the accrual basis of accounting, except for cash flow information. Certain prior period comparatives have been reclassified to conform with current period presentation. Functional and Presentation Currency These Financial Statements are presented in Canadian dollars unless otherwise noted, which is the functional currency of the parent and its subsidiaries. Basis of Consolidation These Financial Statements of the Company include the accounts of the Company and its wholly owned subsidiaries, BAFEX Holdings Ltd., BAFEX Tanzania Limited and Winshear de Peru SAC, the principal activity of which is mineral exploration. Subsidiaries are fully consolidated from the date the Company obtains control and continue to be consolidated until the date that control ceases. Control is achieved when the Company is exposed to or has the right to variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. All inter-company transactions and balances have been eliminated upon consolidation. 03 NEW AND FUTURE CHANGES IN A CCOUNTING POLICIES ADOPTED APRIL 1, 2025 Effective April 1, 2025, the Company adopted a number of amendments and improvements of existing standards including IAS 1 – Presentation of Financial Statements. These new standards did not have a material impact on the Financial Statements. FOR ACCOUNTING PERI ODS SUBSEQUENT TO YEAR-END Certain pronouncements were issued by the IASB or the IFRIC that are mandatory for accounting periods commencing on or after January 1, 2025. Many are not applicable or do not have a significant impact on the Company and have been excluded. The IASB has issued classification and measurement and disclosure amendments to IFRS 9 and IFRS 7 which are effective for years beginning on or after January 1, 2026 with earlier application permitted. The amendments clarify the date of recognition and derecognition of some financial assets 6 Notes to the Condensed Consolidated Interim Financial Statements (Unaudited - Expressed in Canadian dollars) December 31, 2025 and liabilities and introduce a new Notes to the Condensed Consolidated Interim Financial Statements except for some financial liabilities settled through an electronic payment system. Other changes include a clarification of the requirements when assessing whether a financial asset meets the solely payments of principal and interest criteria and new disclosures for certain instruments with contractual terms that can change cash flows (including instruments where cash flow changes are linked to environmental, social or governance targets). IFRS 18, Presentation and Disclosure in Fin [Excerpt trimmed for readability. Open the original source for the complete filing or document.]