v3.5.0.2

Condensed Consolidated Interim Balance Sheets - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Current
Cash	$ 677,985	$ 396,878
Prepaid expenses	51,147	196,924
Receivables	106,507	2,203
Total Current Assets	835,639	596,005
Property and Equipment	168,506	286,416
Mineral Properties	651,950	651,950
Total Assets	1,656,095	1,534,371
Current Liabilities
Accounts payable and accrued liabilities	171,256	135,354
Long Term Liabilities
Convertible Note	1,014,167	0
Derivative Liability	676,251	0
Total Long Term Liabilities	1,690,418	0
Total Liabilities	1,861,674	135,354
Stockholders' Equity
Preferred Stock and Paid-in Capital in Excess of $0.001 Par Value 100,000,000 shares authorized 100 (2015 - Nil) shares issued and outstanding	0	0
Common Stock and Paid-in Capital in Excess of $0.001 Par Value 500,000,000 shares authorized 96,114,442 (2015 - 96,114,442) shares issued and outstanding	61,587,285	61,052,678
Accumulated Deficit	(61,792,864)	(59,653,661)
Total Stockholders' Equity (Deficit)	(205,579)	1,399,017
Total Liabilities and Stockholders' Equity (Deficit)	$ 1,656,095	$ 1,534,371

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

WHITE MOUNTAIN TITANIUM CORP 10-Q