AuKing Mining Limited Prospectus

Note 3 Reconciliation of movements in Pro-forma Trade and Other Payables Trade and other payables $ Reviewed Balance Sheet 30 June 2020 (A) 752,766 Recognition of unpaid directors and AKN employee’s fees and salaries incurred subsequent to 30 June 2020 (B) 55,841 Conversion of unpaid directors and employee's unpaid fee and salaries (D) (627,132) Payment of Koongie Park non-refundable deposit in early July (E) (100,000) Pro-forma Balance Sheet 30 June 2020 (F) 81,475 Note 4 Reconciliation of movements in Pro-forma Borrowings Borrowings $ Reviewed Balance Sheet 30 June 2020 (A) 2,176,241 Recognition of interest accruing on all Convertible Note and loan amounts since 30 June 2020 to the expected transaction date of 30 April 2020 (B) 178,515 Recognition of Convertible Note and Tighe Loan monies received after 30 June 2020 (B) 908,000 Conversion of JCHX Loan (D) (1,500,000) Gain on adjustment to JCHX loan arising from final settlement amount being capped at 7,500,000 ordinary shares (deemed value of $1,500,000) (B) (112,314) Conversion of Long Term Convertible Note principal amounts (D) (533,000) Conversion of Short Term Convertible Note principal amounts (D) (750,000) Fair value gain on reversal of derivative financial liability (D) (131,250) Repayment of Tighe Loan (D) (150,000) Repayment of accrued interest on Convertible Notes and Loans (D) (86,192) Pro-forma Balance Sheet 30 June 2020 (F) - Note 5 Reconciliation of movements in Pro-forma Reserves Reserves $ Reviewed Balance Sheet 30 June 2020 (A) (170,446) Derecognition of foreign currency translation reserve on wind up of Chilean subsidiary (D) 170,446 Pro-forma Balance Sheet 30 June 2020 (F) - continued 7. H istorical and Pro Forma Financial Information 144