Q1 2022 Results, Transfer of TSX listing to TSXV

Companies

Orosur Mining Inc (OMI)

All directors dealings today

Condensed Interim Consolidated Statements of Financial Position (Expressed in thousands of United States dollars) Unaudited	As at	As at
	August 31, 2021	May 31, 2021
ASSETS
Current assets Cash and cash equivalents	$ 6,265	$ 6,958
Restricted cash	2,087	1,367
Accounts receivable and other assets	192	201
Assets held for sale in Uruguay	1,396	2,314
Total current assets	9,940	10,840
Non-current assets Property, plant and equipment	119	124
Exploration and evaluation assets Colombia	5,203	5,148
Total assets	$ 15,262	$ 16,112
LIABILITIES AND (DEFICIT)
Current liabilities Accounts payable and accrued liabilities	$ 401	$ 486
Liabilities of Chile discontinued operation	2,049	2,047
Warrant liability	1,362	1,734
Liabilities held for sale in Uruguay	17,472	16,830
Total current liabilities	21,284	21,097
Deficit Share capital	69,333	69,333
Shares held by Trust	(72)	(165)
Contributed surplus	9,385	8,591
Currency translation reserve	(2,027)	(1,826)
Deficit	(82,641)	(80,918)
Total deficit	(6,022)	(4,985)
Total liabilities and deficit	$ 15,262	$ 16,112

Condensed Interim Consolidated Statements of Loss and Comprehensive Loss (Expressed in thousands of United States dollars) Unaudited
	Three Months Ended August31, 2021		Three Months Ended August31, 2020
Operating expenses Corporate and administrative expenses	$ (320)		$ (249)
Exploration expenses	-		(21)
Share-based payments	(168)		(4)
Other income	1		8
Net finance cost	(1)		(1)
Gain on fair value of warrants	372		-
Net foreign exchange gain (loss)	(69)		(14)
Net (loss) for the period for continued operations	$ (185)		$ (281)
Other comprehensive income (loss):
Cumulativetranslationadjustment $		(201)	$	(34)
Total comprehensive (loss) for the period from continued operations	(386)		(315)
(Loss) income from discontinued operations	(1,538)		(1,075)
Total comprehensive (loss) for the period	(1,924)		(1,390)
Basic and diluted net (loss) per share for continued operations	$ (0.00)		$ (0.00)
Basic and diluted net (loss) income per share for discontinued operations	$ (0.01)		$ (0.01)
Weighted average number of common shares outstanding	188,420		160,278

Condensed Interim Consolidated Statements of Cash Flows
(Expressed in thousands of United States dollars)
Unaudited
	Three Months	Three Months
	Ended	Ended
	August 31,	August 31,
	2021	2020
Operating activities
Net (loss) for the period for continued and discontinued operations	$ (1,723)	$ (1,356)
Adjustments for:
Share-based payments	168	4
Fair value of warrants	(372)	-
Gain on sale of property, plant and equipment	(111)	(140)
Foreign exchange and other	(133)	559
Changes in non-cash working capital items:
Accounts receivable and other assets	(53)	(98)
Inventories	350	145
Accounts payable and accrued liabilities	640	316
Net cash used in operating activities	(1,234)	(570)
Investing activities
Increase in the restricted cash	(719)	-
Proceeds received for sale of property, plant and equipment	111	140
Proceeds received from exploration and option agreement	782	-
Exploration and evaluation expenditures	(910)	(150)
Net cash used in investing activities	(736)	(10)
Financing activities
Proceeds from the sale of treasury shares	719	-
Net cash provided by financing activities	719	-
Net Change in cash and cash equivalents	(1,251)	(580)
Net change in cash classified within assets held for sale	558	154
Cash and cash equivalents, beginning of period	6,958	782
Cash and cash equivalents, end of period	$ 6,265	$ 356
Operating activities
- continued operations	(565)	(276)
- discontinued operations	(669)	(294)
Investing activities
- continued operations	(847)	(150)
- discontinued operations	111	140
Financing activities
- continued operations	719	-