v3.26.1

Condensed Interim Balance Sheets (Current Period Unaudited) - USD ($)	Jan. 31, 2026	Apr. 30, 2025
CURRENT ASSETS:
Cash and cash equivalents	$ 266,144	$ 11,374
Other current assets	86,077	4,417
TOTAL CURRENT ASSETS	352,221	15,791
MINING INTEREST (NOTE 4)	614,167	602,167
RECLAMATION BOND (NOTE 4)	89,400	89,400
TOTAL ASSETS	1,055,788	707,358
CURRENT LIABILITIES:
Accounts payable and accrued liabilities	237,594	88,606
TOTAL CURRENT LIABILITIES	1,031,813	686,613
LONG TERM LIABILITIES:
TOTAL LIABILITIES	1,360,313	1,022,113
COMMITMENTS AND CONTINGENCIES (NOTE 4 and 5)
STOCKHOLDERS’ EQUITY (DEFICIT)
Preferred Stock, $.001 par value; 10,000,000 shares authorized, none issued and outstanding	0	0
Common Stock, $.001 par value; 1,000,000,000 shares authorized; 108,540,810 and 97,290,810 shares issued and outstanding as of January 31, 2026 and April 30, 2025, respectively.	108,541	97,291
Additional paid-in capital	13,091,629	12,702,879
Accumulated deficit	(13,504,695)	(13,114,925)
TOTAL STOCKHOLDERS’ EQUITY (DEFICIT)	(304,525)	(314,755)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)	1,055,788	707,358
Related Party [Member]
CURRENT LIABILITIES:
Accrued interest	160,623	112,133
Current portion, promissory notes, related party	55,000	15,000
Current portion, convertible promissory notes	513,500	408,500
LONG TERM LIABILITIES:
PROMISSORY NOTE, RELATED PARTY (NOTE 5)	268,500	170,500
CONVERTIBLE PROMISSORY NOTES, RELATED PARTIES (NOTE 5)	60,000	165,000
Nonrelated Party [Member]
CURRENT LIABILITIES:
Accrued interest	11,096	8,374
Current portion, convertible promissory notes	$ 54,000	$ 54,000

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Star Gold Corp. 10-Q