Basis of Presentation	9 Months Ended
May 31, 2014
Notes to Financial Statements
Note - 2 Basis of Presentation	*Reverse Merger* On March 21, 2014, Ironwood Gold Corp. (the ”Parent”) entered into a share exchange agreement with The Wilderness Way Adventure Resort Inc. (the “Subsidiary” or the “Company”). In accordance with the merger, the Parent issued 9,000,000 common shares (3,600,000,000 pre-split common shares) in consideration of 100% of the issued and outstanding common stock of the Company. The execution of the merger resulted in a change in control of the Parent, both in its shareholding and management. Wilderness Way Adventure Resort, Inc. did not begin operations until after May 31, 2013. For accounting and financial reporting purposes, the Company was considered the acquirer and the Parent merger was treated as a reverse merger. All financial information presented in this Form 10-Q for periods prior to the merger reflects only that of the Company, and does not reflect the pre-merger Parent assets, liabilities, or operating results. In addition, all share, per share and related Company information has been retrospectively adjusted to take into account the merger. *Interim Financial Statements* The financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). In the opinion of management, all adjustments considered necessary for a fair presentation of the results of operations and financial position have been included and all such adjustments are of a normal recurring nature. The Company’s fiscal year end is August 31. The interim financial statements for the three and nine months ended May 31, 2014 and May 31, 2013 are unaudited. These financial statements are prepared in accordance with requirements for unaudited interim periods, and consequently do not include all disclosures required to be in conformity with accounting principles generally accepted in the United States of America. The results of operations for the interim periods are not necessarily indicative of the results for the full year. In the opinion of management, all adjustments considered necessary for a fair presentation of the results of operations and financial position have been included and all such adjustments are of a normal recurring nature. These interim financial statements should be read in conjunction with the financial statements included Ironwood Gold Corp’s Form 8-K filed with the SEC on March 27, 2014 and in our Annual Report on Form 10-K for the year ended August 31, 2013 filed with the SEC on December 13, 2013. *Going Concern* These financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. The Company had a net loss for the nine months ended May 31, 2014, of $4,181,217, cumulative – net loss of $5,479,145 and had a working capital deficit of $6,260,899 as of May 31, 2014 (August 31, 2013 - $1,300,066), which raises substantial doubt about its ability to continue as a going concern. Management cannot provide assurance that the Company will ultimately achieve profitable operations or become cash flow positive, or raise additional debt and/or equity capital. Management believes that the Company will be able to raise additional capital, through debt and equity financing, to continue operating and maintaining its business strategy during the fiscal year ending 31 August 2014. However, if the Company is unable to raise additional capital in the near future, due to the Company’s liquidity problems, management expects that the Company will need to curtail operations, liquidate assets, seek additional capital on less favourable terms and/or pursue other remedial measures. These financial statements do not include any adjustments related to the recoverability and classification of assets or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

Basis of Presentation

9 Months Ended

May 31, 2014

Reverse Merger

On March 21, 2014, Ironwood Gold Corp. (the ”Parent”) entered into a share exchange agreement with The Wilderness Way Adventure Resort Inc. (the “Subsidiary” or the “Company”). In accordance with the merger, the Parent issued 9,000,000 common shares (3,600,000,000 pre-split common shares) in consideration of 100% of the issued and outstanding common stock of the Company. The execution of the merger resulted in a change in control of the Parent, both in its shareholding and management. Wilderness Way Adventure Resort, Inc. did not begin operations until after May 31, 2013.

For accounting and financial reporting purposes, the Company was considered the acquirer and the Parent merger was treated as a reverse merger. All financial information presented in this Form 10-Q for periods prior to the merger reflects only that of the Company, and does not reflect the pre-merger Parent assets, liabilities, or operating results. In addition, all share, per share and related Company information has been retrospectively adjusted to take into account the merger.

Interim Financial Statements

The financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). In the opinion of management, all adjustments considered necessary for a fair presentation of the results of operations and financial position have been included and all such adjustments are of a normal recurring nature. The Company’s fiscal year end is August 31.

The interim financial statements for the three and nine months ended May 31, 2014 and May 31, 2013 are unaudited. These financial statements are prepared in accordance with requirements for unaudited interim periods, and consequently do not include all disclosures required to be in conformity with accounting principles generally accepted in the United States of America. The results of operations for the interim periods are not necessarily indicative of the results for the full year. In the opinion of management, all adjustments considered necessary for a fair presentation of the results of operations and financial position have been included and all such adjustments are of a normal recurring nature. These interim financial statements should be read in conjunction with the financial statements included Ironwood Gold Corp’s Form 8-K filed with the SEC on March 27, 2014 and in our Annual Report on Form 10-K for the year ended August 31, 2013 filed with the SEC on December 13, 2013.

Going Concern

These financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. The Company had a net loss for the nine months ended May 31, 2014, of $4,181,217, cumulative – net loss of $5,479,145 and had a working capital deficit of $6,260,899 as of May 31, 2014 (August 31, 2013 - $1,300,066), which raises substantial doubt about its ability to continue as a going concern.

Management cannot provide assurance that the Company will ultimately achieve profitable operations or become cash flow positive, or raise additional debt and/or equity capital. Management believes that the Company will be able to raise additional capital, through debt and equity financing, to continue operating and maintaining its business strategy during the fiscal year ending 31 August 2014. However, if the Company is unable to raise additional capital in the near future, due to the Company’s liquidity problems, management expects that the Company will need to curtail operations, liquidate assets, seek additional capital on less favourable terms and/or pursue other remedial measures. These financial statements do not include any adjustments related to the recoverability and classification of assets or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.