During the period ended June 30, 2010, the
Company electronically staked and recorded a 100% interest in a block of mining claims located in northern Newfoundland, Canada
known as the Cutwell Harbour property for $3,000. The mineral properties were found to be unproven and the entire balance of $3,000
was impaired as of June 30, 2010.
Exploration costs totaled $0 and $10,521 for
the periods ended June 30, 2012 and 2011, respectively.