Form 7 - Monthly Progress Report
FORM 7
MONTHLY PROGRESS REPORT
Name of CNSX Issuer: Silverfish Resources In. (“the “Issuer”).
Trading Symbol: SF
Number of Outstanding Listed Securities: 14,100,000
Date: October, 2022
Report on Business
1. Provide a general overview and discussion of the development of the Issuer’s business and operations over the previous month. Where the Issuer was inactive disclose this fact.
On October 28, the Issuer announced that the Issuer had entered into an amendment agreement to extend the exploration expenditures due pursuant to the option agreement dated December 16, 2021, whereby the Issuer may acquire a 75% interest in and to the Old Timer Property, located in Eastern British Colombia.
2. Provide a general overview and discussion of the activities of management.
Management has been focused on the acquisition, exploration and development of economic precious metals and base metal properties of merit and to conduct its exploration program on the Old Timer Property.
3. Describe and provide details of any new products or services developed or offered. For resource companies, provide details of new drilling, exploration or production programs and acquisitions of any new properties and attach any mineral or oil and gas or other reports required under Ontario securities law.
This section is not applicable to the Issuer.
3. Describe and provide details of any new products or services developed or offered. For resource companies, provide details of new drilling, exploration or production programs and acquisitions of any new properties and attach any mineral or oil and gas or other reports required under Ontario securities law.
This section is not applicable to the Issuer.
4. Describe and provide details of any products or services that were discontinued. For resource companies, provide details of any drilling, exploration or production programs that have been amended or abandoned.
This section is not applicable to the Issuer.
5. Describe any new business relationships entered into between the Issuer, the Issuer’s affiliates or third parties including contracts to supply products or services, joint venture agreements and licensing agreements etc. State whether the relationship is with a Related Person of the Issuer and provide details of the relationship.
This section is not applicable to the Issuer.
6. Describe the expiry or termination of any contracts or agreements between the Issuer, the Issuer’s affiliates or third parties or cancellation of any financing arrangements that have been previously announced.
This section is not applicable to the Issuer.
7. Describe any acquisitions by the Issuer or dispositions of the Issuer’s assets that occurred during the preceding month. Provide details of the nature of the assets acquired or disposed of and provide details of the consideration paid or payable together with a schedule of payments if applicable, and of any valuation. State how the consideration was determined and whether the acquisition was from or the disposition was to a Related Person of the Issuer and provide details of the relationship.
This section is not applicable to the Issuer.
8. Describe the acquisition of new customers or loss of customers.
This section is not applicable to the Issuer.
9. Describe any new developments or effects on intangible products such as brand names, circulation lists, copyrights, franchises, licenses, patents, software, subscription lists and trade-marks.
This section is not applicable to the Issuer.
10. Report on any employee hirings, terminations or lay-offs with details of anticipated length of lay-offs.
This section is not applicable to the Issuer.
11. Report on any labour disputes and resolutions of those disputes if applicable.
This section is not applicable to the Issuer.
12. Describe and provide details of legal proceedings to which the Issuer became a party, including the name of the court or agency, the date instituted, the principal parties to the proceedings, the nature of the claim, the amount claimed, if any, if the proceedings are being contested, and the present status of the proceedings.
This section is not applicable to the Issuer.
13. Provide details of any indebtedness incurred or repaid by the Issuer together with the terms of such indebtedness.
This section is not applicable to the Issuer.
14. Provide details of any securities issued and options or warrants granted.
| Security | Number Issued | Details of Issuance | Use of Proceeds(1) |
|---|---|---|---|
| Common Shares | 50,000 | (2) | N/A |
(2) Pursuant to the amendment agreement as set out in Section 1.
15. Provide details of any loans to or by Related Persons.
This section is not applicable to the Issuer.
16. Provide details of any changes in directors, officers or committee members.
This section is not applicable to the Issuer.
17. Discuss any trends which are likely to impact the Issuer including trends in the Issuer’s market(s) or political/regulatory trends.
This section is not applicable to the Issuer.
The undersigned hereby certifies that:
1. The undersigned is a director and/or senior officer of the Issuer and has been duly authorized by a resolution of the board of directors of the Issuer to sign this Certificate of Compliance.
2. As of the date hereof there were is no material information concerning the Issuer which has not been publicly disclosed.
3. The undersigned hereby certifies to the Exchange that the Issuer is in compliance with the requirements of applicable securities legislation (as such term is defined in National Instrument 14-101) and all Exchange Requirements (as defined in CNSX Policy 1).
4. All of the information in this Form 7 Monthly Progress Report is true.
Dated: November 4, 2022 Joseph Cullen Name of Director or Senior Officer
“Joseph Cullen”
Signature
CEO Official Capacity
| Issuer Details Name of Issuer Silverfish Resources Inc. | For Month End October | Date of Report YY/MM/D 22/11/04 |
| Issuer Address Suite 700-838 W Hastings Street | ||
| City/Province/Postal Code Vancouver BC, V6C 0A6 | Issuer Fax No. n/a | Issuer Telephone No. (778) 919-8615 |
| Contact Name Joseph Cullen | Contact Position CEO | Contact Telephone No. (778) 919-8615 |
| Contact Email Address: [email protected] | Web Site Address https://www.silverfishresources.com |