Aurwest Reports Second Quarter Financial and Operating Results - Seite 2

June 30, 2023 December 31, 2022

Cash

$ 208,790 $ 337,292

Total assets

$ 4,625,723 $ 4,775,613

Total current liabilities

$ 349,789 $ 335,765

Total liabilities

$ 345,789 $ 335,765

Total shareholders' equity

$ 4,275,934 $ 4,439,848

Cameron MacDonald, Interim President and CEO of Aurwest commented; "Our 2022 exploration program located a significant number of gold showings, that shows a strong spatial correlation to the Cape Ray-Valentine Lake structure underlying the Paradise Lake-Twin Ponds area of the Paradise Lake project. This area, will be one of our focus areas going into the next exploration phase. Our current geological and technical evaluation work, which is ongoing, and is focusing on the near surface portion of a, coincident IP chargeability/resistivity anomaly (Exhibit #3) at Twin Ponds, in which drill hole #1 PL22-01 intersected a 3.4 meter core interval of 2.17 g/t gold and 0.9 meter core interval of 5.7 g/t gold. In addition, this area encountered strong gold mineralization on surface float/sub-crop samples yielding 144.7 g/t gold, (Exhibit #2) 14.22 g/t gold and 11.38 g/t gold.