Discovery Minerals LTD (DSCR)

[$PennyMover]

NOTE 13 – Subsequent Events

In accordance with ASC 855-10, the Company has analyzed its operations subsequent to June 30, 2022 and through the date these financial statements were issued and has determined that it has the following material subsequent events to disclose in these financial statements.

As previously disclosed in the Company’s period ending March 31, 2021 quarterly report and further press release dated April 30, 2021, the Company signed an agreement with ALT 5 Sigma for the development of its Discovery Coin and Gateway Payment. However, management has determined this course of action would not be in the Company’s or the shareholders best interest and has terminated the agreement and is no longer exploring a crypto currency initiative.

In December 2021 the Company entered into an escrow agreement whereby all coin buyers will be refunded their full purchase amount.

The escrow structure remains intact while the Company is awaiting the refund of the money for the coin buyers.

Wonder how long the company is going to wait for the coin gateway company to send the money to $DSCR so shareholder's can get their refund???