Company: MDCXW
Filing Date: 2025-03-07
Form Type: 253G1
Source: 0001062993-25-004966
Chunk: 219

Company: Medicus Pharma Ltd.
Filing Date: 2025-03-07
Form: 253G1
Chunk 219
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 |     |      (1.86 | ) |     |                            (0.90 | ) |
| Weighted average number of common shares outstanding |    10 |     |  3,479,510 |   |     |                        1,884,900 |   |
| - basic and diluted                                  |       |     |            |   |     |                                  |   |

The accompanying notes are an integral part of these consolidated financial statements.

<div align='center'>F-24

Medicus Pharma Ltd.
Consolidated Statements of Changes in Shareholders' Equity (Deficiency)
(expressed in United States dollars, except number of shares)</div>

|                                                  |       |     |           |     | Common shares |     | Contributed 
     surplus |     | Deficit     |   |     |       Total |   |
|:-------------------------------------------------|------:|:----|----------:|:----|--------------:|:----|------------:|:----|:------------|:--|:----|------------:|:--|
|                                                  | Notes |     |         # |     |             $ |     |           $ |     | $           |   |     |           $ |   |
| Balance as at December 31, 2022                  |     4 |     | 1,884,900 |     |       194,538 |     |           - |     | (12,392,570 | ) |     | (12,198,032 | ) |
| Acquisition of Interactive Capital Partners Ltd. |     4 |     |   287,471 |     |     1,149,882 |     |           - |     | -           |   |     |   1,149,882 |   |
| Conversion of preferred shares                   |     7 |     | 3,952,366 |     |    10,506,903 |     |           - |     | -           |   |     |  10,506,903 |   |
| Conversion of promissory notes                   |     6 |     |   647,224 |     |     2,724,566 |     |           - |     | -           |   |     |   2,724,566 |   |
| Conversion of note payable                       |     5 |     |    27,286 |     |       150,000 |     |           - |     | -