Exhibit 31.2

I, Mark J. Cowan, as Chief Financial Officer of the Company, certify that:

  1.   I have reviewed this quarterly report on Form 10-QSB of Bioethics,
     Ltd.;

  2.   Based on my knowledge, this quarterly report does not contain any
     untrue statement of a material fact or omit to state a material fact
     necessary to make the statements made, in light of the circumstances under
     which such statements were made, not misleading with respect to the period
     covered by this quarterly report;

  3.   Based on my knowledge, the financial statements, and other financial
     information included in this report, fairly present in all material
     respects the financial condition, results of operations and cash flows of
     the registrant as of, and for, the periods presented in this report;

  4.   The small business issuer's other certifying officer and I are
     responsible for establishing and maintaining disclosure controls and
     procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and
     internal control over financial reporting (as defined in Exchange Act
     Rules 13a-15(f) and 15d-15(f)) for the small business issuer and have:

       a.   Designed such disclosure controls and procedures, or caused such
          disclosure controls and procedures to be designed under our
          supervision,
          to ensure that material information relating to the small business
          issuer
          registrant, including its consolidated subsidiaries, is made known
          to us
          by others within those entities, particularly during the period in
          which
          this report is being prepared;

       b.   Designed such internal control over financial reporting, or cause
          such internal control over financial reporting to be designed under
          our supervision, to provide reasonable assurance regarding the
          reliability of
          financial reporting and the preparation of financial statements for
          external purposes in accordance with generally accepted accounting
          principles;

       c.   Evaluated the effectiveness of the small business issuer's
          disclosure
          controls and procedures and presented in this report our conclusions
          about
          the effectiveness of the disclosure controls and procedures, as of
          the end
          of the period covered by this report based on such evaluation; and

       d.   Disclosed in this report any change in the small business issuer's
          internal control over financial reporting that occurred during the
          small
          business issuer's most recent fiscal quarter (the small business
          issuer's
          fourth fiscal quarter in the case of an annual report) that has
          materially
          affected, or is reasonably likely to materially affect, the small
          business
          issuer's internal control over financial reporting; and

  5.   The small business issuer's other certifying officer(s) and I have
     disclosed, based on our most recent evaluation of internal control over
     financial reporting, to the small business issuer's auditors and the audit
     committee of the small business issuer's board of directors (or persons
     performing the equivalent functions):

       a.   All significant deficiencies and material weaknesses in the design
          or
          operation of internal controls over financial reporting which are
          reasonably likely to adversely affect the small business issuer's
          ability
          to record, process, summarize and report financial information; and

       b.   Any fraud, whether or not material, that involves management or
          other
          employees who have a significant role in the small business issuer's
          internal control over financial reporting.

Date: November 10, 2006                   /s/ Mark J. Cowan
                              Mark J. Cowan
                              Chief Financial Officer