Cash Flow Statement

Currency: CAD

	Mar-2020	Jun-2020	Sep-2020	Dec-2020	Mar-2021	Jun-2021	Sep-2021	Dec-2021	Mar-2022	Jun-2022	Sep-2022	Dec-2022	Mar-2023	Jun-2023	Sep-2023	Dec-2023
Operating Cash Flow
Net Income	(0)	(0)	(1)	(2)	(3)	(4)	(4)	(4)	(4)	(3)	(4)	(3)	(3)	(3)	(2)	(2)
Depreciation & Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	0	0	0	1	1	2	2	1	1	1	1	1	1	1	1	0
Change in Working Capital	(0)	(0)	(0)	(0)	(1)	(1)	(0)	0	1	1	0	(1)	(0)	(0)	0	0
Cash from Operating Activities	(1) N/A	(0) +14%	(1) -102%	(1) -38%	(3) -120%	(3) -11%	(2) +29%	(3) -6%	(1) +47%	(1) +60%	(3) -377%	(2) +14%	(2) +26%	(3) -80%	(2) +46%	(2) -26%
Investing Cash Flow
Capital Expenditures	(0)	(0)	(1)	(3)	(5)	(10)	(15)	(16)	(15)	(12)	(6)	(5)	(4)	(2)	(3)	(3)
Other Items	1	(2)	(1)	(12)	(7)	0	(7)	7	4	1	4	2	1	1	4	3
Cash from Investing Activities	0 N/A	(3) N/A	(1) +50%	(14) -1 009%	(12) +14%	(10) +22%	(22) -131%	(9) +61%	(10) -21%	(11) -6%	(2) +78%	(3) -22%	(3) +7%	(1) +59%	1 N/A	0 -71%
Financing Cash Flow
Net Issuance of Common Stock	0	3	3	18	18	15	27	12	12	12	6	6	5	10	5	5
Other	0	0	0	(1)	0	(1)	(2)	(1)	0	0	(0)	(0)	0	(0)	(0)	(0)
Cash from Financing Activities	0 N/A	3 +3 074%	3 0%	17 +438%	17 -1%	14 -18%	25 +76%	11 -57%	11 +3%	11 +2%	5 -54%	5 +0%	5 -5%	10 +97%	5 -48%	5 N/A
Change in Cash
Effect of Foreign Exchange Rates	(0)	(0)	(0)	(0)	(0)	(0)	(0)	(0)	(0)	(0)	(0)	(0)	(0)	(0)	(0)	(0)
Net Change in Cash	(0) N/A	0 N/A	1 +915%	1 +40%	1 +22%	1 -39%	(0) N/A	(1) -197%	(1) -88%	(1) +37%	(0) +88%	(0) -170%	0 N/A	5 +3 960%	4 -20%	3 -24%
Free Cash Flow
Free Cash Flow	(1) N/A	(1) +21%	(2) -114%	(4) -167%	(8) -102%	(13) -56%	(18) -35%	(18) -4%	(16) +12%	(13) +20%	(9) +32%	(7) +21%	(6) +20%	(5) +2%	(5) +10%	(5) +3%

Newcore Gold Ltd
XTSX:NCAU