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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - CAD
12 Months Ended
May 31, 2016
May 31, 2015
Operating expenses    
Administration CAD 7,988 CAD 13,225
Consulting fees (notes 8 and 9) 712,943 827,163
Depreciation (note 5) 27,100 28,191
Exploration expenditures (notes 6 and 8) 2,856,345 5,640,920
Insurance 122,691 92,207
Investor relations (notes 8 and 9) 738,931 930,260
Office and miscellaneous 138,882 148,063
Professional fees (notes 8 and 9) 320,979 505,239
Regulatory 92,941 154,996
Rent 117,471 96,564
Travel 123,621 195,016
Wages and benefits (notes 8 and 9) 1,744,818 1,904,767
Total operating expenses (7,004,710) (10,536,611)
Other income (expense)    
Interest income 16,399 22,115
Gain on sale of capitalized acquisition costs (notes 6b) and 6c)) 92,397 0
Write-off of capitalized acquisition costs (note 6a)) (677,695) 0
Loss on sale of marketable securities (note 4) 0 (125,166)
Foreign exchange gain 139,394 62,175
Total other expense (429,505) (40,876)
Net loss for the year (7,434,215) (10,577,487)
Other comprehensive income    
Exchange difference on translating foreign operations 315,037 702,157
Comprehensive loss for the year CAD (7,119,178) CAD (9,875,330)
Basic and diluted net loss per share CAD (0.09) CAD (0.14)
Weighted average number of shares outstanding 84,468,690 75,517,310