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FORM 7 MONTHLY PROGRESS REPORT Name of Listed Issuer: Gold Basin Resources Corporation (the “Issuer “) Trading Symbol: AXX Number of Outstanding Listed Securities: 71,316,529 Date: May 4, 2021
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How to fill out reporting of reserves and

01
To fill out a reporting of reserves, follow these steps:
02
Gather all relevant financial information, including records of assets and liabilities.
03
Determine the type of reserves you are reporting, such as cash reserves or inventory reserves.
04
Calculate the total value of reserves based on the financial information collected.
05
Prepare a reporting form or template where you can input the necessary details.
06
Fill out the reporting form accurately by entering the value of reserves and any additional required information.
07
Double-check the accuracy of the data entered and make any necessary corrections.
08
Review the completed reporting form for any inconsistencies or errors.
09
Submit the reporting of reserves to the appropriate authority or organization, following their specific guidelines and deadlines.
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Keep a copy of the reporting form for your records.
11
Monitor any updates or changes in the reporting requirements to ensure future compliance.

Who needs reporting of reserves and?

01
Various entities and individuals may require reporting of reserves, including:
02
- Companies and corporations, especially those publicly traded, to disclose their financial status to investors and regulators.
03
- Financial institutions, such as banks, to assess their liquidity and stability.
04
- Government agencies and regulatory bodies to monitor the financial health of industries and sectors.
05
- Non-profit organizations to demonstrate responsible financial management.
06
- Auditors and accountants for auditing and compliance purposes.
07
- Investors and shareholders to evaluate the financial performance and prospects of an entity.
08
- Tax authorities to verify the accuracy of financial statements.
09
- Internal management and executives for decision-making and strategic planning.
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Reporting of reserves and refers to the process of disclosing the amount of reserves held by a company or organization.
Companies and organizations that hold reserves are required to file reporting of reserves and.
Reporting of reserves and is typically filled out electronically using specific forms provided by regulatory authorities.
The purpose of reporting of reserves and is to provide transparency and ensure that companies are properly managing their reserves.
Companies must report detailed information on the amount and nature of reserves held.
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