THE NUMBERS

The financial statements for Century Lithium Corp. (formerly Cypress Development Corp.) for the three and six months ended June 30, 2023, have been prepared in accordance with International Financial Reporting Standards (IFRS). These unaudited statements are expressed in Canadian Dollars and provide insights into the company's financial position, comprehensive loss, cash flows, changes in equity, and detailed notes on the financials.

**Financial Position as of June 30, 2023:**

- Total assets amounted to $56,104,707, a decrease from $58,319,120 at the end of 2022. - Current assets include cash and cash equivalents of $18,752,349 and short-term investments of $700,000. - Exploration and evaluation assets constituted the most significant non-current asset at $29,024,453. - Total liabilities and equity were balanced with the assets at $56,104,707. - The company has a working capital (current assets less current liabilities) of $19,479,127.

**Comprehensive Loss for the Period:**

- The comprehensive loss for the three months ended June 30, 2023, was $1,409,177, and for the six months, it was $2,171,453. - General and administrative expenses accounted for significant portions of the loss, including share-based compensation of $233,205 over three months and $432,487 over six months.

**Cash Flows:**

- Net cash flows used in operating activities for the six months were $2,118,032. - Investing activities led to a net outflow of $5,899,295, primarily due to expenditures on exploration and evaluation assets. - Financing activities provided net inflows of $19,344,753, mainly from the issuance of capital stock.

**Changes in Equity:**

- The opening balance of capital stock was $88,837,293, with an increase to $88,849,746 by June 30, 2023. - Reserves changed from $10,851,344 to $11,279,393. - The deficit increased from $(42,714,959) to $(44,886,412). - Total equity changed from $56,973,678 at the beginning of the period to $55,242,727 by the end.

**Notes to the Financial Statements:**

- Notes provide details on cash and cash equivalents, right-of-use assets and lease liabilities, exploration and evaluation assets, plant and equipment, capital stock, reserves, related party transactions, and supplemental cash flow information. - Key financial instruments include common shares and warrants. - The company reported significant non-cash transactions, including exploration and evaluation asset expenditures in accounts payable and accrued liabilities.

These statements reflect the company's substantial investment in exploration and evaluation assets, indicating an ongoing commitment to developing its resource properties. The loss reported shows the company is still in a developmental phase, as expected for a company in the exploration stage. The financial position is supported by the issuance of securities, suggesting a reliance on capital markets for funding. Overall, the financial statements present a company in the growth stage, investing heavily in assets with the anticipation of future returns.