The Company was incorporated in the State of Nevada, U.S.A.,
on April 21, 2006.
Exploration Stage Activities
The Company has been in the exploration stage since its formation
and is primarily engaged in the acquisition and exploration of mining claims. Upon location of a commercial minable
reserve, the Company expects to actively prepare the site for its extraction and enter a development stage. During the
fiscal year 2012, the Company entered into an agreement with Mayan Mineral Ltd. to acquire a resource property in Nevada (Note
4). Currently, the Company is actively looking for other mineral properties for its planned business operation.
These financial statements have been prepared in accordance
with generally accepted accounting principles in the United States of America (US GAAP) applicable to a going concern,
which contemplates the realization of assets and the satisfaction of liabilities and commitments in the normal course of business.
The general business strategy of the Company is to acquire
and explore mineral properties. The continued operations of the Company and the recoverability of mineral property costs
is dependent upon the existence of economically recoverable mineral reserves, the ability of the Company to obtain necessary financing
to complete the development of its properties, and upon future profitable production. The Company has not generated
any revenues or completed development of any properties to date. Further, the Company has a working capital deficit
of $269,222 (June 30, 2012 - $238,456), has incurred losses of $376,282 since inception, and further significant losses are expected
to be incurred in the exploration and development of its mineral properties. The Company will require additional funds
to meet its obligations and maintain its operations. There can be no guarantee that the Company will be successful in
raising the necessary financing. Managements plans in this regard are to raise equity financing as required.
These conditions raise substantial doubt about the Companys
ability to continue as a going concern. These financial statements do not include any adjustments that might result
from this uncertainty.
Basis of Presentation
The unaudited financial statements as of September 30, 2012
included herein have been prepared without audit pursuant to the rules and regulations of the Securities and Exchange Commission. Certain
information and footnote disclosures normally included in financial statements prepared in accordance with United States generally
accepted accounting principles have been condensed or omitted pursuant to such rules and regulations on a going basic concern-basis.
This disclosure presumes funds will be available to finance on-going development, operations and capital expenditures and the realization
of assets and the payment of liabilities in the normal course of operations for the foreseeable future.
In the opinion of the Companys management these financial
statements reflect all adjustments necessary to present fairly the Companys financial position at September 30, 2012 and
the results of its operation for the three months then ended. Operating results for the three months ended September
30, 2012 are not necessarily indicative of the results that may be expected for the year ending June 30, 2013. It is
suggested that these financial statements be read in conjunction with June 30, 2012 audited financial statements and notes thereto.