Manganese X Energy Corp (MNXXF)

[Everything-EV]

MANGANESE X ENERGY CORP.
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
(Audited, expressed in Canadian dollars)

As at, March 31, 2022 March 31, 2021 $ $

ASSETS Current assets Cash & cash equivalents (note 7) 3,511,198 5,562,483

Prepaid expenses 304,203 - 84,636

Sales taxes receivable 119,162 - 199,196

Total current assets 3,934,563 - 5,846,315

Long-term assets US Patent (note 9) 120,000 135,000
Total assets 4,054,563 5,981,315

LIABILITIES
Current liabilities Accounts payable and accrued liabilities (note 11) 128,432 243,514

Total liabilities 128,432 243,514
SHAREHOLDERS' EQUITY Share capital (note 12) 17,347,795 - 17,292,628 Reserves 8,886,066 6,478,490 Deficit (22,307,730) - (18,033,317)

Total shareholders' equity 3,926,131 - 5,737,801
Total liabilities & shareholders' equity 4,054,563 - 5,981,315

Going concern (Note 2) and subsequent events (Note 21)

The Company’s board of directors approved the consolidated financial statements on July 27, 2022.

APPROVED BY THE BOARD OF DIRECTOR

Signed “Martin Kepman” Director
Signed “Jay Richardson” Director

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