UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 20-F

[ ] REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES
    EXCHANGE ACT OF 1934
OR
[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
    EXCHANGE ACT OF 1934

    For the fiscal year ended December 31, 2006
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
    EXCHANGE ACT OF 1934
OR
[ ] SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
    EXCHANGE ACT OF 1934

                       Commission file number: 000-14740

                            Widescope Resources Inc.
             (Exact name of Registrant as specified in its charter)

                      Province of British Columbia, Canada
                 (Jurisdiction of incorporation or organization)

 #208 - 828 Harbourside Drive, North Vancouver, British Columbia, Canada V7P 3R9
                    (Address of principal executive offices)

Securities registered or to be registered pursuant to Section 12(b) of the Act.

   Title of each class              Name of each exchange on which registered
   -------------------              -----------------------------------------
           None                                       None

Securities  registered or to be registered pursuant to Section 12(g) of the Act.
Common Shares, no par value

Securities for which there is a reporting  obligation  pursuant to Section 15(d)
of the Act. None

Indicate the number of  outstanding  shares of each of the  issuer's  classes of
capital  or common  shares as of the close of the  period  covered by the annual
report:

     12,227,283  inclusive  of  the  conversion  of  the  outstanding  Series  1
     Convertible Preferred Shares

Indicate by check mark if the registrant is a well-known  seasoned  issuer.
[ ] Yes [X] No

If this report is an annual or transition report,  indicate by check mark if the
registrant  is not required to file  reports  pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934. [ ] Yes [X] No

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding 12 months (or for such  shorter  period that the  registrant  was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
requirements for the past 90 days. [X] Yes [ ] No

Indicate by check mark whether the registrant is a large  accelerated  filer, an
accelerated filer, or a non-accelerated filer.

[ ] Large accelerated filer   [ ] Accelerated filer    [X] Non-accelerated filer

Indicate by check mark which financial statement item the registrant has elected
to follow. [X] Item 17 [ ] Item 18

If this is an annual report,  indicate by check mark whether the registrant is a
shell company as defined in Rule 12b-2 of the Exchange Act. [ ] Yes [X] No

Unless  otherwise  indicated,  all  references  herein are expressed in Canadian
dollars and United States currency is stated as "U.S.$__________."

THIS SUBMISSION  SHOULD BE CONSIDERED IN CONJUNCTION WITH PREVIOUSLY FILED FORMS
20-F AND 6-K. THE AUDITED FINANCIAL STATEMENTS AND NOTES THERETO ATTACHED ARE AN
INTEGRAL PART OF THIS SUBMISSION.
<PAGE>
ITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS

Not required

ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE

Not required

ITEM 3. KEY INFORMATION

A. SELECTED FINANCIAL DATA.

The following  selected  financial data has been extracted from the consolidated
financial  statements  for the last five years  prepared  pursuant  to  Canadian
generally accepted accounting  principles  ("GAAP").  Where material differences
exist  between  Canadian  and US GAAP,  corresponding  comparison  data has been
provided in US GAAP for clarity.

                                       2
<PAGE>
WIDESCOPE RESOURCES INC.
Selected Financial Data
(Expressed in Canadian Dollars)

<TABLE>
<CAPTION>
                                                                 Years Ended December 31
                                             2006            2005           2004           2003           2002
                                          -----------     ----------     ----------     ----------     ----------
<S>                                      <C>             <C>            <C>             <C>           <C>
Net operating revenues                $         9,689              0         20,000          3,000         22,000

Loss from continued operations        $       (37,147)       (54,804)       (39,742)       (37,863)       (35,264)
Income from discontinued
 operations                           $           N/a            N/a            N/a            N/a            N/a
Net loss                              $       (37,147)       (54,804)       (39,742)       (37,863)       (35,264)

Income per share from continued
 operations                           $             0              0              0              0              0
Income per share from
 discontinued operations              $             0              0              0              0              0
Income per share after
 discontinued operations              $             0              0              0              0              0

Share capital per Canadian GAAP       $    13,649,333     13,499,333     13,265,283     13,265,283     13,265,283

Common shares issued                       10,883,452      9,883,452      8,323,119      8,323,119      8,323,119

Weighted average shares
 outstanding per Canadian GAAP             10,383,452      9,084,049      8,323,119      8,323,119      8,323,119

Total assets                          $       443,765        218,438         53,870         49,070        157,186

Net assets (liabilities)              $       289,072        176,219         (3,027)        36,715         74,578

Convertible debentures(current
 and long term portions) per
 U.S. GAAP )                          $           N/a            N/a            N/a            N/a            N/a

Cash dividends declared per
 common share                         $             0              0              0              0              0

Exchange rates (Cdn$ to U.S.$)
 period average                       $        0.8818         0.8253         0.7683         0.7135         0.6368
</TABLE>

                                       3
<PAGE>
Exchange rates (CDN$ to U.S.$)
  for most recent six months                Period High     Period Low
                                            -----------     ----------
December 2006                         $        0.8700         0.8660

January 2007                          $        0.8524         0.8482

February 2007                         $        0.8559         0.8521

March 2007                            $        0.8576         0.8541

April 2007                            $        0.8834         0.8794

May 2007                              $        0.9150         0.9107

Exchange rate (CDN$ to U.S.$)
 June 26, 2007                        $        0.9349

B. Not required

C. Not required

D. RISK FACTORS.

The business of the Company entails  significant risks, and an investment in the
securities of the Company should be considered highly speculative. An investment
in the  securities of the Company  should only be undertaken by persons who have
sufficient  financial  resources  to  enable  them to  assume  such  risks.  The
following is a general  description of all material  risks,  which can adversely
affect the business and in turn the financial results,  ultimately affecting the
value of an investment the Company.

     THE COMPANY HAS NO VIABLE BUSINESS.

     Having no viable  business  it is  difficult  to  determine a price for the
     common  shares.  That price must  therefore  be dependent on the value that
     each  individual  buyer and  seller  place on the future  prospects  of the
     company,  rather  than  any  objective  measurement.  This  is a very  risk
     position for shareholders, as the majority perception may turn negative and
     price decline severely.

     THE COMPANY HAS LIMITED FUNDS.

     Funds are the fuel needed to drive the  company.  Should  current  funds be
     consumed,  and the company not be able to attract more  capital,  prospects
     for shareholders  would become extremely  negative,  and shareholder losses
     will inevitably occur.

                                       4
<PAGE>
     THERE IS NO ASSURANCE THAT THE COMPANY CAN ACCESS ADDITIONAL CAPITAL.

     The  company  will  need to  demonstrate  performance  in order to  attract
     additional capital. As the mineral exploration  business has a high element
     of chance  associated  with it,  it is  possible  that none of the  current
     properties will have any value.  The capital markets could perceive this to
     be a  demonstration  of  poor  performance,  and be  unwilling  to  provide
     additional funds.  Should this happen,  shareholders will incur significant
     losses.

     THERE IS NO ASSURANCE THAT THE TRANSACTION  DISCLOSED HEREIN WITH PINEFALLS
     GOLD WILL BE SUCCESSFUL IN ITS QUEST TO FIND A COMMERCIALLY VIABLE QUANTITY
     OF MINERAL RESOURCES.

     Unless the company is able to secure other more viable projects,  providing
     better  future  prospects,  buyer  interest for common  shares will decline
     severely, resulting in lower prices and significant shareholder losses.

     THERE IS NO ASSURANCE  THAT OTHER  PROSPECTIVE  MINERAL  PROPERTIES  CAN BE
     ACQUIRED,  AND IF ACQUIRED  THAT THE  NECESSARY  ADDITIONAL  CAPITAL CAN BE
     ATTRACTED.

     Either of these is possible. Either occurring will have the same inevitable
     outcome. Demand for the common shares will decline severely, resulting in a
     drop in trading price, and significant shareholder losses.

     THE COMPANY HAS A HISTORY OF OPERATING LOSSES AND MAY HAVE OPERATING LOSSES
     AND A NEGATIVE CASH FLOW IN THE FUTURE.

     This  will  mean  that  additional  shares  will  need  to be  sold to fund
     operations. Without a concurrent improvement in future prospects, this will
     result in supply of stock  exceeding  demand,  and much lower prices.  This
     will cause shareholders to lose money.

     THE COMPANY'S AUDITORS HAVE INDICATED THAT U.S.  REPORTING  STANDARDS WOULD
     REQUIRE THEM TO RAISE A CONCERN ABOUT THE COMPANY'S  ABILITY TO CONTINUE AS
     A GOING CONCERN.

     Additional  capital  will  need to be  raised.  This  could  result  in the
     perception  of lowered  future  prospects,  lower demand for the  company's
     common share, lower stock prices, and shareholder losses.

     THERE  CAN BE NO  ASSURANCE  THAT A  LIQUID  MARKET  WILL  DEVELOP  FOR THE
     COMPANY'S SHARES AND THEREFORE NO ASSURANCE THAT  SHAREHOLDERS WILL BE ABLE
     TO SELL THEIR SHARES.

     Lack of liquidity that prevents  shareholders from selling, or limits their
     abilities  to sell,  will all too  likely  lead to  significant  losses for
     shareholders.

                                       5
<PAGE>
     MANAGEMENT  HAS  LITTLE  EXPERTISE  IN  MINING  OR  EXPLORATION,  WHICH MAY
     ULTIMATELY CAUSE SHAREHOLDERS TO LOSE MONEY.

     Management may waste the company's limited capital on worthless properties,
     or it may do the wrong things with properties that could have value. Either
     way, the outcome will be the same.  Money will have been wasted without any
     corresponding  creation  of value.  This will  cause  shareholders  to lose
     patience  and lose  interest.  This could lead to  significantly  increased
     selling  of  shares,  driving  down the  price,  and  leading to losses for
     investors.

     THE COMPANY'S  COMMON STOCK IS THINLY TRADED SO IT IS MORE  SUSCEPTIBLE  TO
     EXTREME  RISES OR DECLINES  IN PRICE,  AND YOU MAY NOT BE ABLE TO SELL YOUR
     SHARES AT OR ABOVE THE PRICE PAID.

     You may have difficulty  reselling shares of our common stock, either at or
     above the price paid, or even at fair market value.  The stock market often
     experiences  significant  price and volume  changes that are not related to
     the operating performance of individual  companies,  and because our common
     stock is thinly  traded it is  particularly  susceptible  to such  changes.
     These broad market  changes may cause the market price of our common shares
     to decline, regardless of how well the company performs.

     This  may  be  exaggerated  by  the  fact  that  the  shares  trade  on the
     over-the-counter  bulletin  board  ("OTCBB"),   which  although  owned  and
     operated by the NASDAQ Stock  Market  Inc.,  is not the same as the NASDAQ.
     Trading  on  the  OTCBB  is  often  extremely  sporadic,   and  subject  to
     manipulation  by  market-makers,  and short sellers.  This may cause you to
     lose money as you may have difficulty selling the shares that you own.

     THE  COMPANY'S  COMMON STOCK IS SUBJECT TO THE "PENNY  STOCK"  REGULATIONS,
     WHICH ARE LIKELY TO MAKE IT MORE DIFFICULT TO SELL.

     A "penny stock" is generally a stock trading under $5.00 per share, and not
     registered  on a  national  securities  exchange  or quoted  on the  NASDAQ
     national  market.  The SEC has adopted  rules that  regulate  broker-dealer
     practices in connection  with  transactions  in penny stocks.  These rules,
     intended  to  protect  investors,  generally  have the  result of  reducing
     trading in such stocks,  restricting the pool of potential  investors,  and
     making it more  difficult for investors to sell their shares once acquired.
     Since our common  shares are subject to the "penny  stock"  rules,  you may
     find it more difficult to sell your shares.

     AS A FOREIGN  ISSUER,  THE  COMPANY IS EXEMPT  FROM  CERTAIN  INFORMATIONAL
     REQUIREMENTS OF THE EXCHANGE ACT TO WHICH DOMESTIC ISSUERS ARE SUBJECT.

     As a  foreign  issuer  we  are  not  required  to  comply  with  all of the
     informational  requirements of the Exchange Act. As a result,  there may be

                                       6
<PAGE>
     less information  concerning our company publicly available than if we were
     a domestic United States issuer. In addition, our officers,  directors, and
     principal  shareholders  are exempt  from the  reporting  and short  profit
     provisions  of Section 16 of the Exchange  Act,  and the rules  promulgated
     thereunder. Therefore, our shareholders may not know on a timely basis when
     our officers, directors, and principal shareholders purchase or sell shares
     of our common stock.

     AS A CANADIAN  COMPANY WITH MOST ASSETS AND KEY PERSONNEL  LOCATED  OUTSIDE
     THE UNITED  STATES,  YOU MAY HAVE  DIFFICULTY  IN ACQUIRING  UNITED  STATES
     JURISDICTION,  OR ENFORCING A UNITED  STATES  JUDGMENT  AGAINST US, OUR KEY
     PERSONNEL, OR ASSETS.

     As a  Canadian  company  many of our assets  and key  personnel,  including
     directors and officers,  reside outside the United States.  As a result, it
     may be difficult or impossible  for you to effect service of process within
     the United States upon us or any of our key personnel or to enforce against
     us or any of our key personnel judgments obtained in United States' courts,
     including  judgments  relating to United States  federal  securities  laws.
     Canadian  courts may not permit you to bring an original  action in Canada,
     or recognize or enforce  judgments of United States courts obtained against
     us predicated  upon the civil  liability  provisions of federal  securities
     laws of the United States,  or of any state thereof.  Furthermore,  because
     many of our assets are located in Canada,  it would be extremely  difficult
     to access these assets to satisfy any award entered  against us in a United
     States court. Accordingly,  you may have more difficulty in protecting your
     interests in the face of actions  taken by our  management,  members of our
     board  of  directors,  or  our  controlling  shareholders  than  you  would
     otherwise as shareholders of a United States public company.

     THE  COMPANY  DOES NOT  INTEND TO PAY ANY  COMMON  STOCK  DIVIDENDS  IN THE
     FORESEEABLE FUTURE.

     We have never declared or paid a dividend on our common stock, and, because
     we have very limited  resources,  we do not anticipate  declaring or paying
     any dividends in the foreseeable future. It is unlikely that the holders of
     our common shares will have an  opportunity  to profit from anything  other
     than  potential  appreciation  in the value of our  common  shares.  If you
     require dividend income, you should not rely in an investment in our common
     shares to provide it.

     FUTURE  ISSUANCES OF COMMON STOCK MAY DEPRESS  STOCK PRICES AND DILUTE YOUR
     INTEREST.

     We may issue additional shares of our common stock in future financings, or
     grant stock options to our employees,  officers, directors, and consultants
     under our stock incentive plan. Any such issuances could have the effect of
     depressing  the market price of our common stock,  and, in any case,  would
     dilute  the   percentage   ownership   interests  in  our  company  of  our
     shareholders.   In  addition  we  could  issue  securities  having  rights,
     preferences and privileges senior to those of our common shares. This could
     depress the value of our common shares.

                                       7
<PAGE>
ITEM 4. INFORMATION ON THE COMPANY

A. HISTORY AND DEVELOPMENT OF THE COMPANY.

The Company was incorporated under the laws of the Province of British Columbia,
Canada,  by filing of Memorandum  and Articles of  Association  on September 20,
1983,  under the name Rainbow  Resources  Ltd. The company's name was changed to
Widescope  Resources  Ltd.  on May 1, 1984,  and to Gemini  Technology  Inc.  on
September 17, 1985. In conjunction  with a reverse split of its common shares on
a five-old for one-new basis, the Company adopted the name International  Gemini
Technology  Inc effective  September 23, 1993. The Company's name was changed to
Widescope  Resources  Inc.,  effective July 12, 2006  Registrant is currently in
good standing  under the laws of British  Columbia.  The  registered and records
office of the Company and the Company's  principal executive offices are located
at #208 - 828  Harbourside  Drive North  Vancouver,  British  Columbia  V7P 3R9,
telephone 604-904-8481.

From September 1985 the company became involved in the design and marketing of a
circuit  board for a Zenith  computer  that  allowed it to emulate an IBM PC and
utilize  much of the  related  software.  Over the next  year it  broadened  its
product line to include  proprietary  computer graphics chips, custom electronic
components and equipment.  As the line of  proprietary  computer  graphics chips
were in final  development,  the  demand for the  circuit  boards for the Zenith
computer ended.

The company  licensed its graphics chips to third parties,  and  concentrated on
developing  second  and third  generation  products.  Due to cash flow  problems
brought about by external and  unforeseeable  circumstances  and bad  management
decisions  the company was forced into a position of attempting to develop a new
generation product with little cash.

In  August of 1989 the  board  changed  direction  and top  management.  The new
strategy was to  accelerate  R&D on a new  product,  targeting a small number of
very  large  customers.  With  little  cash  and  little  ongoing  revenue,  the
inevitable  delays to the R&D  process  caused the  company to be unable to meet
payroll in February 1990. All of management  resigned and the board of directors
was changed. The shareholders  spearheaded an effort to save the Company,  which
eventually resulted in the change to the board of directors and a plan to revive
the Company's operations.

During 1991 the Company concentrated considerable effort on establishing a joint
venture in  Czechoslovakia  to exploit the European market, as well as effort to
establish a  considerable  technical  presence in the Middle East.  In addition,
contracts and joint ventures were pursued in Russia,  Singapore and Taiwan. None
of these efforts yielded tangible results.

A great deal of time and energy  was  expended  in 1993 and 1994 in an effort to
target and  conclude  an  acquisition  that would be  complimentary  to Gemini's
technical and financial capabilities. This effort continued through 1996, and at
the end of 1996 has been  unsuccessful.  In July of 1997,  Gemini  entered  into
discussions  to  acquire  the  assets  and  intellectual   property  of  Abraham

                                       8
<PAGE>
Publishing  Group  Inc.  and  certain  other  privately  owned  assets  which in
combination operate as a profitable  publishing business.  These discussions and
negotiations had not been concluded by the end of 1997, but in the first quarter
of 1998 resulted in an acquisition agreement with closing conditional on raising
US$3.25 million in expansion capital.

Closing  had not  taken  place  by the  end of  1998  due to  small  cap  market
conditions  frustrating efforts to raise the required capital.  Initiatives were
undertaken  to  identify  and  review  other  potential  acquisition  or mergers
requiring less capital.

The dot.com frenzy in the years 1999 and 2000 distorted  valuations and made any
prospective  acquisition  prohibitively  expensive.  The  return to more  normal
valuations  after  mid 2000 has  resulted  in fewer but more  reasonably  priced
prospective candidates. However as valuations became more reasonable the sources
of funding became fewer.  And the events of September 11 virtually shut down the
availability  of funding for most smaller  transactions,  particularly  the size
targeted by the  company.  Toward the end of the year  discussions  were entered
into on a proprietary medical device,  which had met some amount of success in a
niche market in Texas. At yearend discussions were progressing,  particularly as
it  appeared  that this  device  could be sold in  considerable  quantity by the
application  of effective  marketing.  This was abandoned as marketing was found
not to be the greatest  challenge.  The greatest  challenge  was  providing  the
paperwork for the multiplicity of insurers  ultimately paying for the use of the
device.

During 2002 due  diligence was done on two  businesses,  but neither was able to
demonstrate  the business case  necessary for expansion  financing.  Accordingly
neither was pursued  further as a merger or acquisition  candidate,  despite one
being in the bus shelter advertising  business, a business usually demonstrating
generally attractive economics.

During 2003 due diligence was done on several more businesses.  All but one were
abandoned  as not being able to support  the  additional  financing  required to
close.  One of those  abandoned  became the subject of further review toward the
end of the year as the owners  lowered  their  price  expectation.  At year end,
alternatives were being considered including merging with a like business,  also
available.  A  separate  business  was the  subject  of low level  investigation
throughout the year, as it was fairly early stage. It remained under observation
at year end, having made considerable business progress.

During 2004  alternatives  in the  resource  sector were  explored.  Oil and gas
projects  were   investigated,   and  one  in  particular  was  the  subject  of
considerable  attention.  Increasing  energy prices brought with them increasing
expectations  on the part of the  owners  of that  project,  ultimately  causing
interest to wane. Precious metals projects continued to be reviewed as the entry
cost was deemed to be lower, and expenditures in minerals  exploration  appeared
to  be  more   controllable.   Toward  the  end  of  2004,  the  Directors  were
contemplating making a proposal on one particular project.

A proposal was made on a precious  metals mining  prospect in 2005. The precious
metals  prospect is comprised of some 2800 hectares in the Rice Lake Mining area

                                       9
<PAGE>
of the  Province of Manitoba,  Canada.  The property is just over 3 miles from a
mine that had  produced  over 1.3  million  ounces of gold before  being  closed
because  it became  uneconomic  at $35 per ounce  gold.  (This mine has now been
reopened.)  The  company  carried out early stage  geological  and related  work
during 2005, through an investment in the company owning the mining claims.

In 2006 further work was done on the prospect,  In accordance  with the terms of
the agreement with the owners of the prospect the cost of work done  effectively
resulted in the company acquiring  ownership in the company owning the prospect.
This,  combined with the exercise of an option agreement with one of the owners,
results  in  Widescope  now  owning  just  over 65% of the  company  owning  the
prospect.

B. BUSINESS OVERVIEW

In April  2005 the  Company  entered  into a  subscription  agreement  to invest
$200,000 into Outback  Capital Inc. dba Pinefalls Gold ("PFG") a private Alberta
company with certain directors and a principal shareholder of PFG in common with
the Company.  PFG is an  exploration  company with mining claims  located in the
area of Bissett,  Manitoba.  Pursuant to the  subscription  the Company invested
$90,000 in exchange for 1.8 million units during 2005 and an additional $110,000
in  exchange  for 2.2  million  units in 2006 of PFG at $0.05 per unit with each
unit comprised of one common share and one share purchase warrant to purchase an
additional  common  share at  $0.075  for a period  of two  years.  Without  the
exercise of the warrant the Company  purchased  approximately  37% of the common
shares of PFG.  As at June 30,  2006,  the  Company  had  invested  $200,000  in
exchange for 4 million units under this subscription agreement.

In addition, the Company entered into a share exchange agreement with one of the
principal  shareholders  of PFG,  a director  of the  Company,  under  which the
Company  acquired a further 3 million  common  shares of PFG in exchange for one
million  common  shares  of the  Company.  As a  result  of the  share  exchange
agreement, the director in common no longer has an ownership interest in PFG.

As at June 26, 2007 the Company's owns 65.42% of the common shares of PFG.

PFG has been  actively  exploring for mineral  resources on its  seventeen  (17)
mining claims in the area of Bissett,  Manitoba.  The claims are included in the
Rice Lake greenstone belt and cover an area of approximately 2800 hectares.  The
claims are the subject of Qualifying Reports dated May 1, 2006 and June 30, 2004
prepared by Edward Sawitzky,  P. Geo. of Arc Metals Ltd.  ("Arc").  Arc prepared
the report to standards dictated by National Instrument 43-101.

Following the  recommendations  of the May 2006  Qualifying  Report - during the
summer of 2006 an exploration  program was completed under PFG's direction.  The
primary focus of the work plan was to complete more detailed  geological mapping
of the claims,  stripping of  over-burden  and grab sampling.  Approximately  30
man-days  of field  work were  completed  and more  than  seventy  samples  were
collected and delivered to TSL Laboratories in Saskatoon for assay and analysis.

                                       10
<PAGE>
Subsequent  to the year-end  the Company has  received the detailed  geologist's
maps, data and assay results. Review of these materials plus the detailed report
of the activities, findings and recommendations are under review by the Company.

The Company remains  optimistic  about the prospect for discovery of a definable
mineral resource on its claims in Manitoba. However, its exploration to date has
failed to immediately delineate the indicators required to step-up to a drilling
program. Further groundwork will be required to elevate the status of the claims
to drill-ready.

There is some seasonality to mineral  exploration in that part of Manitoba.  The
groundwork  required to elevate the status of the claims to  drill-ready is best
conducted  during  the  summer.  The soil and  surface  rock is more  easily and
economically  accessed  when there is no snow  cover.  Actual  drilling  is most
easily carried out in the winter, as some of the surrounding area contains swamp
land, and access is much easier over frozen ground.

In  conducting  its  business  operations,  the Company is not  dependent on any
patented or license processes, technology,  industrial,  commercial or financial
contract or new manufacturing processes.

The  Company  competes  with  other  exploration  companies,  some of which have
greater  financial  resources and technical  facilities,  for the acquisition of
mineral  interests,  as well as for the  recruitment  and retention of qualified
employees.  Exploration in Manitoba has experienced a dramatic revival in recent
years and  increased  activity  is  forecast  for the  future.  We  compete  for
qualified employees with other Canadian companies, including Harvest Gold Corp.,
Grandview Gold Inc., and San Gold Corp. amongst others.

Subsequent  to the end of the first  quarter of 2007,  the  Company's  directors
resolved to change the expiry date of the  warrants  outstanding.  The  warrants
entitle the holder, subject to certain conditions,  to purchase one common share
per  warrant  at a price of $0.18 per  share;  the  warrants  will now expire on
December 7, 2007 - an extension of six months.

C. ORGANIZATIONAL STRUCTURE.

The  Company is part of no other  group.  During  the year  ended June 30,  2006
Outback  Capital Inc. dba Pinefalls Gold ("PFG") a private  Alberta  corporation
became a majority-owned  subsidiary of the Company.  PFG was incorporated  under
the Alberta BUSINESS CORPORATIONS ACT on February 6, 2001.

D. PROPERTY, PLANTS AND EQUIPMENT.

The Company's head office and principal facility, which is leased, is located at
828 Harbourside Drive, North Vancouver.  Its only other property is its interest
in the mineral claims referenced above, held through its ownership in PFG. PFG's

                                       11
<PAGE>
interest  in these  mineral  claims  requires  that annual work be done on these
claims in order to maintain them in good standing. Based on work done to date it
is estimated that they will remain in good standing until some time in 2009.

ITEM 5. OPERATING AND FINANCIAL REVIEW AND PROSPECTS

THE FOLLOWING  DISCUSSION AND ANALYSIS  SHOULD BE READ IN  CONJUNCTION  WITH THE
CONSOLIDATED  FINANCIAL  STATEMENTS AND NOTES THERETO  INCLUDED HEREIN (SEE ALSO
"SELECTED  FINANCIAL  DATA").  THE CONSOLIDATED  FINANCIAL  STATEMENTS HAVE BEEN
PREPARED IN ACCORDANCE WITH CANADIAN GAAP.  REFER TO NOTE 7 TO THE  CONSOLIDATED
FINANCIAL  STATEMENTS  FOR A DESCRIPTION  OF  TRANSACTIONS  THAT WERE SUBJECT TO
MATERIAL MEASUREMENT  DIFFERENCES BETWEEN CANADIAN GAAP AND U.S. GAAP UNDER ITEM
17.

OVERVIEW

With the acquisition of PFG effective June 30, 2006, the Company's primary focus
shifted to mineral resource exploration operations rather than acquisitions. The
Company charged PFG a modest management fee to offset its reciprocal  efforts to
coordinate  PFG's affairs  until  control of PFG was  acquired.  In 2006 PFG was
charged $9000.00 in management  fees. This management  function has been largely
carried out by the directors and large shareholders,  at their own expense.  The
Company's  management team,  affiliates and directors have special  expertise in
the areas of operations, due diligence, financial analysis and corporate finance
strategy with respect to emerging growth enterprises.  Additionally, the Company
retains Dockside Capital Group to provide certain management functions and in so
doing can also access its similar expertise.

From time-to-time the Company is approached,  through referral, to provide these
services on a consulting  basis.  Thus the Company has generated some revenue by
providing  these  services.  As these  sources  of  revenue  are not core to the
Company's focus, the services are not actively  marketed.  No consulting revenue
was earned in 2005; however $20,000 was earned in 2004.

A. OPERATING RESULTS

Historically,  the Company has shown modest  losses for the past several  years.
These  losses  result  largely  from  having  little or no revenue  and  minimal
operating  expenses,  rather  than having  significant  operating  and  overhead
expenses.  In 2004 the Company elected to sell its passive investment,  and this
resulted  in a loss that was  somewhat  greater  than  usual.  Prior to the just
completed quarter, the expenses of the Company were almost completely related to
satisfying  regulatory  requirements,  including the annual  meeting,  financial
reporting,   communications  with  shareholders;   and  seeking  and  evaluating
acquisition prospects for suitability and ability to attract financing.

                                       12
<PAGE>
With the June 30, 2006 completion of the PFG acquisition the Company's  expenses
are now more  heavily  weighted in favor of the  exploration  work and  analysis
being carried out on the properties by PFG.

With the PFG acquisition the Company  expects to report  significant  additional
expenses  related  to the  exploration  activities  undertaken  in the  area  of
Bissett, Manitoba.

BUSINESS OVERVIEW

In April  2005 the  Company  entered  into a  subscription  agreement  to invest
$200,000 into Outback  Capital Inc. dba Pinefalls Gold ("PFG") a private Alberta
company with certain directors and a principal shareholder of PFG in common with
the Company.  PFG is an  exploration  company with mining claims  located in the
area of Bissett,  Manitoba.  Pursuant to the  subscription  the Company invested
$90,000 in exchange for 1.8 million units during 2005 and an additional $110,000
in  exchange  for 2.2  million  units in 2006 of PFG at $0.05 per unit with each
unit comprised of one common share and one share purchase warrant to purchase an
additional  common  share at  $0.075  for a period  of two  years.  Without  the
exercise of the warrant the Company  purchased  approximately  37% of the common
shares of PFG.  As at June 30,  2006,  the  Company  had  invested  $200,000  in
exchange for 4 million units under this subscription agreement.

In addition, the Company entered into a share exchange agreement with one of the
principal  shareholders  of PFG,  a director  of the  Company,  under  which the
Company  acquired a further 3 million  common  shares of PFG in exchange for one
million  common  shares  of the  Company.  As a  result  of the  share  exchange
agreement, the director in common no longer has an ownership interest in PFG.

As at June 26, 2007 the Company's owns 65.42% of the common shares of PFG.

PFG has been  actively  exploring for mineral  resources on its  seventeen  (17)
mining claims in the area of Bissett,  Manitoba.  The claims are included in the
Rice Lake greenstone belt and cover an area of approximately 2800 hectares.  The
claims are the subject of Qualifying Reports dated May 1, 2006 and June 30, 2004
prepared by Edward Sawitzky,  P. Geo. of Arc Metals Ltd.  ("Arc").  Arc prepared
the report to standards dictated by National Instrument 43-101.

Following the  recommendations  of the May 2006  Qualifying  Report - during the
summer of 2006 an exploration  program was completed under PFG's direction.  The
primary focus of the work plan was to complete more detailed  geological mapping
of the claims,  stripping of  over-burden  and grab sampling.  Approximately  30
man-days  of field  work were  completed  and more  than  seventy  samples  were
collected and delivered to TSL Laboratories in Saskatoon for assay and analysis.
Subsequent  to the year-end  the Company has  received the detailed  geologist's
maps, data and assay results. Review of these materials plus the detailed report
of the activities, findings and recommendations are under review by the Company.

                                       13
<PAGE>
The Company remains  optimistic  about the prospect for discovery of a definable
mineral resource on its claims in Manitoba. However, its exploration to date has
failed to immediately delineate the indicators required to step-up to a drilling
program. Further groundwork will be required to elevate the status of the claims
to drill-ready.

Subsequent to the end of the quarter the Company's  directors resolved to change
the expiry date of the warrants  outstanding.  The warrants  entitle the holder,
subject to certain  conditions,  to purchase  one common  share per warrant at a
price of $0.18 per share;  the warrants will now expire on December 7, 2007 - an
extension of six months.

FLUCTUATIONS IN RESULTS

The Company's annual operating results fluctuate,  but very little.  Revenues at
this point are solely derived from consulting  activities  which are not core to
the Company's focus and will fluctuate  greatly based upon the Company's receipt
of infrequent,  third-party  referrals for these  services.  There is no revenue
from  operations.  Expenses  fluctuate on the basis of costs for exploration and
related  activities,  and the ever increasing  administrative and other costs of
complying  with the various  regulatory  requirements  of a public  company.  We
expect that these  regulatory  related expenses will continue to increase due to
the  upward  pressure  on  professional  fees  charged to  reporting  companies,
resulting from changes to securities legislation throughout North America.

With the PFG acquisition the Company  expects to report  significant  additional
expenses in the future related to the exploration  activities  undertaken in the
area of Bissett, Manitoba.

B. LIQUIDITY AND CAPITAL RESOURCES

Since the  Company is  organized  in Canada,  the  Company's  December  31, 2006
consolidated financial statements have been prepared in accordance with Canadian
generally accepted accounting principles.

As at December 31, 2006, the Company had accumulated losses totaling $13,413,605
and a working  capital  surplus of $31,602.  The  continuation of the Company is
dependent  upon the  continued  financial  support  of  shareholders  as well as
obtaining additional financing for the current and subsequent resource projects.

As noted,  these conditions raise  substantial doubt about the Company's ability
to continue as a going  concern.  The  financial  statements  do not include any
adjustment that might arise from  uncertainty.  The auditors' report includes an
explanatory  paragraph  disclosing the Company's  ability to continue as a going
concern.

As at December 31, 2006 the Company had cash and term deposits of $105,504 and a
working capital surplus of $31,602.

                                       14
<PAGE>
C. RESEARCH AND DEVELOPMENT, PATENTS AND LICENSES, ETC.

Not applicable

D. TREND INFORMATION

Other  than the  continuing  demand for  various  metals  driven by the  rapidly
growing economies of China and India, there are no trends that could be expected
to impact results.

IMPACT OF INFLATION

The Company  believes that  inflation had minimal effect on costs related to its
exploration activities in the 12 months ending December 31, 2006.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not applicable to the Company.

E. OFF-BALANCE SHEET ARRANGEMENTS

Not applicable

F. TABULAR DISCLOSURE OF CONTRACTUAL OBLIGATIONS

Not applicable

ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES

It should be noted that the  management  discussed  below is primarily  involved
with the Company's current  activities.  As the Company concludes an acquisition
or merger,  or embarks on any other type of project,  additional  personnel with
differing areas of expertise will be utilized. Directors are elected annually by
a majority  vote of the  shareholders  and hold  office  until the next  general
meeting  of the  shareholders.  Officers  are  appointed  by,  and  serve at the
discretion of, the board of directors. The names, place of residence,  positions
within the Company and the  principal  occupations  of the  directors and senior
officers of the Company are set out below.

A. DIRECTORS AND SENIOR MANAGEMENT.

 Name, Municipality of                        Principal Occupation and
Residence and Position                          Position During the
 with the Corporation             Age              Past Five Years
 --------------------             ---              ---------------

Douglas E. Ford (1)               43    Director   since   September  10,  1992;
West Vancouver, B.C.                    General Manager of Dockside  Capital,  a
Director                                private  merchant  banking  and  venture
                                        capital firm, from 1986 to present.

                                       15
<PAGE>
Martin Schultz                    63    Director and  Secretary  since March 20,
Vancouver, B.C.                         1990;   Self   employed   Secretary  and
                                        Director corporate  development  advisor
                                        for over 10 years.

John Stanton
Queensburg, New York              61    Director since  November 15, 1990;  Self
Director                                employed pharmacist

Edward Dolejsi                    62    Director    since   March   20,    1990;
Delta, B.C.                             Vice-President  and  General  Manager of
Director and President                  BRI from July,  1994 until April,  1999;
                                        self-employed  software consultant since
                                        May, 1999.

Edward D. Ford (1)                71    Director since March 20, 1990;  also has
Whistler,  B.C.                         devoted  a   portion   of  his  time  to
Director                                investment  activities  and as President
                                        of Dockside Capital,  a private merchant
                                        banking and venture  capital  firm,  for
                                        more than the last five years; chartered
                                        accountant for more than 20 years.

----------
(1) Edward Ford is the father of Douglas Ford.

B. COMPENSATION.

Management  compensation  is  determined  by the  board  of  directors  based on
competitive  prices for services  provided.  During the year ended  December 31,
2006,  directors  and  officers,   including  private  companies  controlled  by
directors and officers,  as a group,  were paid a total of $24,000 in management
fees and rent. See "Item 7. Major  Shareholders and Related Party  Transactions"
for more detail on fees paid to members of  management  or to entities  owned by
them.

For the year ended  December  31,  2006,  the Company  paid no  compensation  to
Directors  for acting as  Directors.  The  Company  does not have any pension or
retirement plans, nor does the Company  compensate its directors and officers by
way  of any  material  bonus  or  profit  sharing  plans.  Directors,  officers,
employees  and other key personnel of the Company may be  compensated  by way of
stock options.

C. BOARD PRACTICES.

Pursuant to the provisions of the COMPANY ACT (BC), the Company's  directors are
elected   annually  at  the  regularly   schedules  annual  general  meeting  of
shareholders.  Each  elected  director is elected for a one-year  term unless he
resigns prior to the expiry of his term.

The  Company  has no  arrangements  in place for  provision  of  benefits to its
directors or upon their termination.

The Board has one  committee,  the Audit  Committee,  made-up of Messrs.  Edward
Ford, John Stanton and Douglas Ford. The Audit Committee meets with the auditors
annually prior to completion of the audited  financial  statements and regularly
with  management  during the fiscal year. On May 2, 2006, the Company's board of
directors adopted a new charter for the Audit Committee.

                                       16
<PAGE>
D. EMPLOYEES.

Effective at December 31, 2006 the Company had no salaried employees.

E. SHARE OWNERSHIP.

A total of ten percent  (10%) of the common  shares of the Company,  outstanding
from time to time,  are reserved for the issuance of stock  options  pursuant to
the Company's  Incentive  Stock Option Plan. None were allocated at December 31,
2006. Other information on ownership is contained in the table below.

ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS.

A. MAJOR SHAREHOLDERS.

The  following  table  sets  forth  certain  information   regarding  beneficial
ownership of the Company's shares at December 31, 2006 by (i) each person who is
known to own  beneficially  more  than 5% of the  Company's  outstanding  Common
Stock, (ii) each of the Company's directors and executive officers and (iii) all
current directors and executive  officers as a group. The table does not reflect
common  shares  held of  record  by  depositories,  but does  include  currently
exercisable  options  and  warrants  which are  included in the  calculation  of
percentage of class  ownership for each  individual  holder.  As of December 31,
2006 there were  10,883,452  common shares issued and  outstanding.  Each of the
listed persons may be reached at the Company's head offices.

 Name and Address                  Amount and Nature of           Percent of
of Beneficial Owner                Beneficial Ownership              Class
-------------------                --------------------              -----

PRINCIPAL HOLDERS

Not applicable

OFFICERS AND DIRECTORS

Edward Ford                             4,493,000  (1)(2)             41.28
John Stanton                               55,000  *                  0.005
Douglas Ford                              914,000  (3)                8.398
Martin Schultz                            483,167                     4.439
Edward Dolejsi                              6,200  *                  0.001
All Officers and Directors
 as a Group (5 persons)                 5,951,367                     54.68

----------
*    Less than one percent.
(1)  All shares subject to Lock-up  Agreement dated November 15, 2006,  attached
     as Exhibit 99.2

                                       17
<PAGE>
(2)  Includes  1,483,000  shares held directly;  and 430,000 shares held through
     Singer  Associates  Holdings Ltd.; and 430,000 shares held through  Arizona
     Outdoor   Specialists  Inc.;  and  430,000  shares  held  through  BWN  Oil
     Technologies  Inc.; and 430,000 shares held through  Dockside Capital Group
     Inc.;  and 430,000  shares held through Good Times  Enterprises  Inc.;  and
     430,000  shares held through  Specialty  Holdings  Inc.; and 430,000 shares
     held through Wheels `n Gear Inc.
(3)  Includes 430,000 shares held through Wink Holdings Ltd.

The Company knows of no arrangements  which may at a subsequent date result in a
change in control of the Company.

B. RELATED PARTY TRANSACTIONS.

During  the  fiscal  year ended  December  31,  2006,  directors,  officers  and
companies  controlled  by them have been engaged in the  following  transactions
with the Company:

During the year ended  December  31,  2006, a company in which a director has an
interest charged the Company $24,000 (2005: $24,000, 2004: $38,000) for rent and
management fees. The unpaid portion of these amounts,  plus additional  advances
and other amounts due to directors,  aggregating $72,350 (2005:  $34,810,  2004:
$55,395) was included in accounts  payable and accrued  liabilities  at December
31, 2006.

During the year ended  December  31, 2004,  a company  controlled  by a director
purchased  the Company's  investment,  a 3% interest in a private  company,  for
$30,000  resulting in a loss of $16,024.  The $30,000 purchase price formed part
of the year end accounts receivable.

A Company in which a director  has an  interest  was charged  $nil (2005:  $nil,
2004:  $20,000) for consulting fees during the year ended December 31, 2006. The
unpaid portion of these amounts,  aggregating $nil (2005: $nil, 2004:  $20,000,)
was included in accounts receivable.

The above  transactions  were made on terms as favorable as or more favorable to
the Company than those that could be obtained from unaffiliated third parties.

C. INTERESTS OF EXPERTS AND COUNSEL

Not required

ITEM 8. FINANCIAL INFORMATION

A. CONSOLIDATED STATEMENTS AND OTHER FINANCIAL INFORMATION

See Item 17 and our consolidated  financial  statements and  accompanying  notes
beginning on page F-1

                                       18
<PAGE>
B. SIGNIFICANT CHANGES

The Company is not aware of any significant  change since December 31, 2006 that
is not otherwise reported in this filing.

ITEM 9. THE OFFER AND LISTING

Effective December 21, 2006 our common shares became quoted on the United States
OTC Bulletin Board, under the symbol "WSCRF". The table below sets forth certain
information regarding the price history of our common shares.

           Period                             High (USD)         Low (USD)
           ------                             ----------         ---------
Fiscal year ended December 31, 2006             $0.25              $0.10
Quarter ended December 31, 2006                 $0.25              $0.10
Quarter ended March 31, 2007                    $0.30              $0.05
Month ended December 31, 2006                   $0.25              $0.10
Month ended January 31, 2007                    $0.30              $0.05
Month ended February 28, 2007                   $0.22              $0.22
Month ended March 31, 2007                      $0.22              $0.20
Month ended April 30, 2007                      $0.20              $0.20
Month ended May 31, 2007                        $0.20              $0.20

ITEM 10. ADDITIONAL INFORMATION

A. SHARE CAPITAL

Not required

B. MEMORANDUM AND ARTICLES OF ASSOCIATION

     1.   The company was  incorporated as Rainbow  Resources Ltd.  September 20
          1983 under  certificate of incorporation no. 268952 in the Province of
          British Columbia Canada.  The name was changed to Widescope  Resources
          Ltd. May 1 1984,  to Gemini  Technology  Inc.  September  13 1985,  to
          International  Gemini  Technology  Inc.  September  23  1993,  and  to
          Widescope  Recources  Inc.,  effective  July 12, 2006.  No objects and
          purposes are described.

     2.   If a director has a material  interest in a matter  subject to a vote,
          he must  declare  it and  abstain  from  voting,  or have his vote not
          counted,  except for certain specific exclusions which include setting
          director compensation.  There are no restrictions on directors issuing
          debt however  shareholder  approval may be required in connection with

                                       19
<PAGE>
          convertible  debt or other debt driven  requirements  to issue shares.
          There  is  no  retirement  age  or  share  ownership  requirement  for
          directors.

     3.   Dividends are declared by directors and subject to any special rights,
          paid to all  holders of shares in a class  according  to the number of
          shares held. Voting rights are one vote per share. Directors stand for
          election every year at the annual meeting. Shareholders have no rights
          to share directly in the company's profits. Subject to prior claims of
          creditors and preferred shareholders,  common shareholders participate
          in any surplus in the event of liquidation  according to the number of
          shares held. The company may redeem shares by directors' resolution in
          compliance  with applicable law unless the company is insolvent or may
          become insolvent by doing so. It must make its offer pro rata to every
          member who holds a class,  subject to applicable  stock exchange rules
          or  company  act  provisions.  The  directors  have  wide  discretion.
          Shareholders   have  no  liability  for  further   capital  calls.  No
          discriminatory   provisions,   against  an  existing  or   prospective
          shareholder  of a  substantial  number of shares,  are  imposed by the
          articles.

     4.   Rights of  holders  of any class of shares  can only be  changed  with
          their consent, and in accordance with the company act. Consent must be
          in writing by the holders or by a three fourths  majority of a vote of
          the  holders,  and by the consent of the British  Columbia  Securities
          Commission.

     5.   A notice  convening an annual general or special  meeting must specify
          the  place,  date,  hour,  and in the case of a special  meeting,  the
          general  nature  of  the  special  business,  and  must  be  given  in
          accordance  with the  company  act.  There are no  special  conditions
          outlining rights of admission.

     6.   There are no limitations on rights to own securities.

     7.   There  are no  provisions  to  delay,  defer,  or  prevent a change in
          control.

     8.   Nothing in the articles requires ownership disclosure.

     9.   Not applicable.

     10.  Not applicable.

C. MATERIAL CONTRACTS

The Company  entered  into a  subscription  agreement  to invest  $200,000  into
Outback  Capital Inc. dba Pinefalls  Gold (PFG) a private  Alberta  Company with
certain directors and principal  shareholders in common with the Company. PFG is
an  exploration  company  with  mining  claims  located in the area of  Bissett,
Manitoba.  The Company will invest  $200,000 in exchange for 4 million  units at
$0.05 per unit,  each unit  comprised  of one  common  share and one  warrant to
purchase an additional  common share at $0.075 for a period of two years.  Prior
to exercising the warrants,  after making the investment of $200,000 the Company
will own approximately 37% of the common shares of PFG. As at December 31, 2005,

                                       20
<PAGE>
the Company had invested $90,000 for 1.8 million units, approximately 17% of the
outstanding common shares of PFG.

In  addition  the  Company  entered  into an  option  agreement  with one of the
principal  shareholders  of PFG, a director of the Company,  which  entitles the
company to acquire a further 3 million  common shares of PFG in exchange for one
million common shares of the Company.  The option,  exercisable at the Company's
discretion until March 31, 2007, was exercised.

Pursuant to the terms of the  subscription  agreement and the option  agreement,
the latter having been  exercised,  the company owns 65.42% of the common shares
of PFG.

D. EXCHANGE CONTROLS

THIS  SUMMARY IS OF A GENERAL  NATURE ONLY AND IS NOT INTENDED TO BE, AND SHOULD
NOT BE INTERPRETED AS, LEGAL ADVICE TO ANY PROSPECTIVE  PURCHASER.  ACCORDINGLY,
PROSPECTIVE  PURCHASERS  OF THE COMPANY'S  SHARES SHOULD  CONSULT WITH THEIR OWN
ADVISORS WITH RESPECT TO THEIR INDIVIDUAL CIRCUMSTANCES.

There are no laws or governmental decrees or regulations in Canada that restrict
the export or import of capital,  or which affect the  remittance  of dividends,
interest or other  payments to holders of the Company's  securities  who are not
residents of Canada, other than withholding tax requirements.  Reference is made
to "Item 7. Taxation".

There are no limitations  imposed by the laws of Canada,  the laws of Alberta or
by the  charter or other  governing  documents  of the Company on the right of a
non-resident  to  hold or vote  common  shares  of the  Company,  other  than as
provided in the Investment  Canada Act (the "Investment  Act") and the potential
requirement for a Competition Act Review.

The following  summarizes  the principal  features of the Investment Act and the
Competition Act Review for a non-resident who proposes to acquire common shares.
This summary is of a general nature only and is not intended to be, nor is it, a
substitute for independent  advice from an investor's own advisor.  This summary
does not anticipate statutory or regulatory amendments.

THE CANADIAN INVESTMENT ACT

The Canadian Investment Act generally  prohibits  implementation of a reviewable
investment  by  an  individual,   government  or  agency  thereof,  corporation,
partnership,  trust or joint  venture that is not a "Canadian" as defined in the
Investment  Act  (a   "non-Canadian"),   unless,   after  review,  the  minister
responsible  for the  Investment  Act (the  "Minister")  is  satisfied  that the
investment is likely to be of a net benefit to Canada. Under the Investment Act,
a United  States  citizen  qualifies as a "World Trade  Organization  Investor."
Subject to the restrictions noted below, an investment in a Canadian business by
a World Trade Organization Investor would be reviewable under the Investment Act
only if it is an investment to acquire control of such Canadian business and the
value  of  the  assets  of the  Canadian  business  as  shown  on its  financial

                                       21
<PAGE>
statements is not less than a specified amount, which for 1999 was $184 million.
An investment in the shares of a Canadian business by a non-Canadian  other than
a "World Trade  Organization  Investor"  when the Company is not controlled by a
World Trade Organization Investor,  would be reviewable under the Investment Act
if it is an investment to acquire control of the Canadian business and the value
of the assets of the Canadian  business as shown on its financial  statements is
$5 million or more, or if an order for review is made by the federal  cabinet on
the  grounds  that the  investment  relates to  Canada's  cultural  heritage  or
national identity.

The acquisition by a World Trade Organization  Investor of control of a Canadian
business in any of the following  sectors is also subject to review if the value
of the assets of the  Canadian  business  exceeds  $5  million  (as shown on its
financial   statements):   uranium,   financial  services  (except   insurance),
transportation  services and cultural businesses,  which include broadcast media
(publication, distribution or sale of books, magazines, periodicals, newspapers,
music,  film and video products and the exhibition of film and video  products),
television and radio services. As the Company's business does not fall under any
of the aforementioned  categories, the acquisition of control of the Company, in
excess of the $5 million threshold, by a World Trade Organization Investor would
not be subject to such review.

A  non-Canadian  would  acquire  control  of the  Company  for  purposes  of the
Investment Act if the non-Canadian acquired a majority of the common shares.

The  acquisition  of less than a majority  but  one-third  or more of the common
shares would be presumed to be an  acquisition  of control of the Company unless
it could be established that, on acquisition,  the Company was not controlled in
fact by the acquirer through the ownership of common shares. Notwithstanding the
review  provisions,  any  transaction  involving the acquisition of control of a
Canadian  business  or  the  establishment  of a new  business  in  Canada  by a
non-Canadian is a notifiable transaction and must be reported to Industry Canada
by the  non-Canadian  making the investment  either before or within thirty days
after the investment.

Certain  transactions  relating to common shares are exempt from the  Investment
Act, including:

     *    an acquisition of common shares by a person in the ordinary  course of
          that person's business as a trader or dealer in securities;

     *    an  acquisition  of control  of the  Company  in  connection  with the
          realization  of  security  granted  for  a  loan  or  other  financial
          assistance  and not for a purpose  related  to the  provisions  of the
          Investment Act; and

     *    an acquisition of control of the Company by reason of an amalgamation,
          merger, consolidation or corporate reorganization, following which the
          ultimate  direct or indirect  control in fact of the Company,  through
          the ownership of common shares, remained unchanged.

                                       22
<PAGE>
CANADIAN COMPETITION ACT REVIEW

Investments  giving  rise  to the  acquisition  or  establishment,  directly  or
indirectly, by one or more persons of control over, or a significant interest in
the whole or part of a business  of a  competitor,  supplier,  customer or other
person are subject to substantive review by Canada's  Competition Law Authority,
the Director of  Investigation  and Research  (the  "Director").  If or when the
Director  concludes  that a merger,  whether by  purchase  or lease of shares or
assets, by amalgamation or by combination, or otherwise, prevents or lessens, or
is likely to prevent or lessen competition substantially, he may apply as may be
necessary to eliminate the  substantial  lessening or prevention of competition.
Such substantive merger review power applies to all mergers, whether or not they
meet limits for pre-notification under the Competition Act.

In addition to substantive  merger review,  the  Competition  Act provides for a
pre-notification regime respecting mergers of a certain size. The regime applies
in  respect  of  share  acquisitions,  asset  acquisitions,   amalgamations  and
combinations.  For ease of reference,  this filing refers  specifically to share
acquisition,  although the pre-notification regime applies, with the appropriate
modification, to other types of acquisition of control as well.

In order for a share acquisition  transaction to be pre-notifiable,  the parties
to the transaction  (being the person or persons who proposed to acquire shares,
and the corporation the shares of which are to be acquired), together with their
affiliates (being all firms with a 50% or more voting shares linkage up and down
the chain) must have:

     (i)  aggregate gross assets in Canada that exceed $400,000,000 in value, as
          shown on their  audited  financial  statements  for the most  recently
          completed  fiscal  year (which  must be within the last  fifteen  (15)
          months); or

     (ii) aggregate gross revenue from sales in, from or into Canada that exceed
          $400,000,000 for the most recently  completed fiscal year shown on the
          said financial statements; and

     (iii)the party being  acquired  or  corporations  controlled  by that party
          must have gross assets in Canada,  or gross  revenues from sales in or
          from  Canada,  exceeding  $35,000,000  as shown on the said  financial
          statements. Acquisition of shares carrying up to 20% of the votes of a
          publicly-traded  corporation,  or  35%  of  the  votes  in  a  private
          corporation,  will not be subject to  pre-notification,  regardless of
          the above thresholds. However, exceeding the 20% or the 35% threshold,
          and again exceeding the 50% threshold,  gives rise to an obligation of
          notification if the size threshold is met.

If a  transaction  is  pre-notifiable,  a filing must be made with the  Director
containing the prescribed information with respect to the parties, and a waiting
period  (either seven or twenty-one  days,  depending on whether a long or short
form filing is chosen) must expire prior to closing.

                                       23
<PAGE>
As an alternative to pre-notification,  the Director may grant an Advance Ruling
Certificate, which exempts the transaction from pre-notification. Advance Ruling
Certificates are granted where the Director concludes,  based on the information
provided to him, that he would not have sufficient  grounds on which to apply to
the Competition Tribunal to challenge the Merger.

E. TAXATION

THIS  SUMMARY IS OF A GENERAL  NATURE ONLY AND IS NOT INTENDED TO BE, AND SHOULD
NOT BE  INTERPRETED  AS,  LEGAL OR TAX ADVICE TO ANY  PROSPECTIVE  PURCHASER  OR
HOLDER  OF THE  COMPANY'S  SHARES  AND NO  REPRESENTATION  WITH  RESPECT  TO THE
CANADIAN FEDERAL INCOME TAX  CONSEQUENCES TO ANY SUCH  PROSPECTIVE  PURCHASER IS
MADE. ACCORDINGLY, PROSPECTIVE PURCHASERS OF THE COMPANY'S SHARES SHOULD CONSULT
WITH THEIR OWN TAX ADVISORS WITH RESPECT TO THEIR INDIVIDUAL CIRCUMSTANCES.

The  following  summary  describes  the principal  Canadian  federal  income tax
considerations generally applicable to a holder of the Company's shares who, for
purposes  of the  Income  Tax Act  (Canada)  (the  "Canadian  Tax  Act") and the
Canada-United  States Income Tax Convention,  1980 (the "Convention") and at all
relevant  times is  resident  in the United  States and not  resident in Canada,
deals at arm's length with the Company,  holds the  Company's  shares as capital
property,  and  does  not  use or hold  and is not  deemed  to use or  hold  the
Company's  shares  in or in the  course of  carrying  on  business  in Canada (a
"United States Holder").
This  following  summary is based upon the current  provisions  of the  Canadian
Income Tax Act, the regulations thereunder,  all specific proposals to amend the
Canadian  Tax Act and the  regulations  announced  by the  Minister  of  Finance
(Canada)  prior  to the  date  hereof  and the  Company's  understanding  of the
published  administrative  practices  of the Canada  Customs and Revenue  Agency
(formerly Revenue Canada, Customs,  Excise and Taxation).  This summary does not
take into account or anticipate any other changes in the governing law,  whether
by judicial,  governmental or legislative  decision or action,  nor does it take
into account the tax legislation or considerations of any province, territory or
non-Canadian  jurisdiction  (including the United States),  which legislation or
considerations may differ significantly from those described herein.

DISPOSITION OF THE COMPANY'S SHARES

In general,  a United States  shareholder will not be subject to Canadian income
tax on capital gains arising on the disposition of the Company's shares,  unless
such shares are "taxable  Canadian  property" within the meaning of the Canadian
Income Tax Act and no relief is afforded under any  applicable  tax treaty.  The
shares of the Company would be taxable Canadian property of a non-resident if at
any time during the five-year period immediately  preceding a disposition by the
non-resident of such shares, not less than 25% of the issued shares of any class
or series of all classes of shares of the Company belonged to the  non-resident,
to persons with whom the  non-resident  did not deal at arm's length,  or to the
non-resident and persons with whom the non-resident did not deal at arm's length
for purposes of the Canadian  Income Tax Act. For this  purpose,  issued  shares

                                       24
<PAGE>
include  options to acquire such shares  (including  conversion  rights) held by
such persons. Under the Convention, a capital gain realized by a resident of the
United States will not be subject to Canadian tax unless the value of the shares
of the  Company  is derived  principally  from real  estate  (as  defined in the
Convention) situated in Canada.

F. DIVIDENDS AND PAYING AGENTS

Not required

G. STATEMENT BY EXPERTS

Not required

H. DOCUMENTS ON DISPLAY

All  documents  referenced in this Form 20-F may be viewed at the offices of the
Company during business hours #208 - 828 Harbourside  Drive,  North Vancouver BC
V7P 3R9 Canada, Telephone 604-904-8481.

I. SUBSIDIARY INFORMATION

As of June 30, 2006 Outback  Capital Inc. dba  Pinefalls  Gold ("PFG") a private
Alberta corporation become a majority-owned  subsidiary of the Company.  PFG was
incorporated under the Alberta BUSINESS CORPORATIONS ACT on February 6, 2001.

ITEM 11. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not required

ITEM 12. DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES

Not required

ITEM 13. DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES

Not applicable

ITEM 14. MATERIAL  MODIFICATIONS  TO THE RIGHTS OF SECURITY  HOLDERS AND USE OF
         PROCEEDS

Not applicable

                                       25
<PAGE>
ITEM 15. CONTROLS AND PROCEDURES

DISCLOSURE CONTROLS AND PROCEDURES

Our President and Acting Chief  Accounting  Officer,  performing the function of
principal  executive  and  principal  financial  officer,   respectively,   have
evaluated  the  effectiveness  of the design  and  operation  of our  disclosure
controls  and  procedures  (as defined in Rule  13a-15(e)  under the  Securities
Exchange  Act of 1934,  as amended) as of the end of the fiscal year  covered by
this annual report on Form 20-F (in  accordance  with Rule  13a-15(b)  under the
Securities  Exchange Act of 1934,  as amended).  Based on this  evaluation,  our
President  and  Acting  Chief  Accounting  Officer  have  concluded  that  these
disclosure controls and procedures are effective and designed to ensure that the
information required to be disclosed in our reports filed or submitted under the
Securities Exchange Act of 1934, as amended, is recorded, processed,  summarized
and reported within the requisite time periods.

MANAGEMENT'S ANNUAL REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING

Our President and Acting Chief  Accounting  Officer,  performing the function of
principal  executive  and  principal  financial  officer,   respectively,   have
evaluated the  effectiveness of the design and operation of our internal control
over  financial  reporting (as defined in Rule  13a-15(f)  under the  Securities
Exchange  Act of 1934,  as amended) as of the end of the fiscal year  covered by
this annual  report on Form 20-F.  Based on this  evaluation,  our President and
Acting Chief Accounting Officer have concluded that these internal controls over
financial reporting are effective and provide reasonable assurance regarding the
reliability  of our  financial  reporting and the  preparation  of our financial
statements  for  external   purposes  in  accordance  with  generally   accepted
accounting principles.

During the course of their evaluation, our President and Acting Chief Accounting
Officer did not discover any fraud  involving  management or any other personnel
who  play a  significant  role in our  disclosure  controls  and  procedures  or
internal controls over financial reporting.  Furthermore,  because there were no
significant  deficiencies  and/or  material  weaknesses  discovered  no remedial
measures  were  necessary or taken  during the period  covered by this report to
correct any such deficiencies.

ATTESTATION REPORT OF THE REGISTERED PUBLIC ACCOUNTING FIRM

Not applicable.

CHANGES IN INTERNAL CONTROL OVER FINANCIAL REPORTING

No changes in our  disclosure  controls  and  procedures  or other  factors have
occurred  during the fiscal year covered by this annual report on Form 20-F that
would  materially  affect or be  reasonably  likely  to  materially  affect  our
disclosure controls and procedures.

                                       26
<PAGE>
ITEM 16.

A. AUDIT COMMITTEE FINANCIAL EXPERT

The company has as its audit committee  financial  expert Mr. Edward D. Ford who
is a Canadian Chartered Accountant. He has held this professional  qualification
since  1961.  During his  career Mr.  Ford has been an  associate,  manager  and
partner of several  Canadian  professional  accounting firms that specialized in
audit/assurance,  taxation,  insolvency  and  independent  business  consulting.
Additionally  he has  served as a Chief  Financial  Officer  of  several  public
companies.

B. CODE OF ETHICS

The Company has adopted a code of ethics applicable to its directors,  principal
executive officer, principal financial officer, principal accounting procedures,
and persons performing similar functions. A copy of the Company's Code of Ethics
will be made  available to anyone who requests it in writing from the  Company's
head office.

C. PRINCIPAL ACCOUNTING FEES AND SERVICES

(A) AUDIT FEES
Dale Matheson  Carr-Hilton  LaBonte,  Chartered  Accountants ("DMCL") billed the
Corporation  $13,000 for audit fees in the year ended December 31, 2006;  $9,000
in 2005; and $6,200 in 2004. The former auditor,  Charlton & Company,  Chartered
Accountants billed $2,675 in 2004.

(B) AUDIT RELATED FEES
DMCL did not provide the Corporation  with any assurance and related services in
the years ended December 31, 2006, 2005 and 2004. The former auditor, Charlton &
Company, Chartered Accountants billed $nil in 2004.

(C) TAX FEES
DMCL did not provide the Corporation with any professional services rendered for
tax  compliance,  tax advice and tax  planning in the years ended  December  31,
2006,  2005  and  2004.  The  former  auditor,  Charlton  &  Company,  Chartered
Accountants billed $nil in 2004.

(D) ALL OTHER FEES
DMCL did not bill the  Corporation  for any other  products  and services in the
years ended  December 31, 2006,  2005 and 2004. The former  auditor,  Charlton &
Company, Chartered Accountants billed $nil in 2004.

(E) AUDIT COMMITTEE PRE-APPROVAL POLICIES AND PROCEDURES
To ensure  continuing  auditor  objectivity and to safeguard the independence of
our auditors,  our audit  committee has  determined a framework for the type and
authorization  of non-audit  services which our auditors may provide.  The audit
committee has adopted  policies for the  pre-approval of specific  services that
may be provided by our auditors.  The dual  objectives of these  policies are to

                                       27
<PAGE>
ensure that we benefit in a cost effective manner from the cumulative  knowledge
and experience of our auditors,  while also ensuring that the auditors  maintain
the necessary degree of independence and objectivity.

Our audit committee approved the engagement of Dale Matheson Carr-Hilton LaBonte
to render audit and non-audit services before they were engaged by us.

D. EXEMPTION FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES

Not Applicable

E PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS

 Not Applicable

ITEM 17. FINANCIAL STATEMENTS

The financial  statements  and notes thereto as required by Item 17 are attached
hereto and found immediately after the text of this Registration Statement.  The
auditors'  report  of  Dale  Matheson   Carr-Hilton  LaBonte  LLP,   independent
registered public accountants,  on the audited consolidated financial statements
and notes thereto is included  immediately  preceding  the audited  consolidated
financial statements.

     Auditors' Report.

     Consolidated balance sheets as at December 31, 2006 and 2005.

     Consolidated  statements  of  operations  and  deficit  for the years ended
     December 31, 2006, 2005 and 2004.

     Consolidated  statements  of cash flows for the years  ended  December  31,
     2006, 2005 and 2004.

     Notes to the consolidated financial statements.

ITEM 18. FINANCIAL STATEMENTS

Not applicable.  See "Item 17. Financial Statements" above.

                                       28
<PAGE>
ITEM 19.  EXHIBITS

Attached hereto are the following exhibits:

12.1    Certification of President  pursuant to s.302 of the  Sarbanes-Oxley Act
        of 2002

12.2    Certification of Director pursuant to s.302 of the Sarbanes-Oxley Act of
        2002

13.1    Certification of President  pursuant to s.906 of the  Sarbanes-Oxley Act
        of 2002

13.2    Certification of Director pursuant to s.906 of the Sarbanes-Oxley Act of
        2002

99.1    Certificate of Name Change from International  Gemini Technology Inc. to
        Widescope Resources Inc.

99.2    Lock-up Agreement

99.3    Share Exchange Option Agreement

99.4    Share Exchange Option Agreement - Amendment

99.5    PFG Subscription Agreement

99.6    PFG Subscription Agreement - Amendment

                                   SIGNATURES

The registrant hereby certifies that it meets all of the requirements for filing
on Form 20-F and that it has duly caused and authorized the  undersigned to sign
this annual report on its behalf.

                                        WIDESCOPE RESOURCES INC


Date: June 28, 2007                     By: /s/ Martin Schultz
                                           -----------------------------------
                                        Name:  Martin Schultz
                                        Title: Secretary and Director,
                                               as duly authorized signatory

                                       29
<PAGE>
              [LETTERHEAD OF DALE MATHESON CARR-HILTON LABONTE LLP
                             CHARTERED ACCOUNTANTS]


                          INDEPENDENT AUDITORS' REPORT
--------------------------------------------------------------------------------

To the Shareholders of Widescope Resources Inc.:

We have audited the  consolidated  balance  sheets of Widescope  Resources  Inc.
(formerly International Gemini Technology Inc.) as at December 31, 2006 and 2005
and the  consolidated  statements of  operations  and deficit and cash flows for
each of the three years in the period ended December 31, 2006.  These  financial
statements   are  the   responsibility   of  the   Company's   management.   Our
responsibility  is to express an opinion on these financial  statements based on
our audits.

We conducted our audits in accordance with Canadian  generally accepted auditing
standards  and with the  standards of the Public  Company  Accounting  Oversight
Board (United States). Those standards require that we plan and perform an audit
to obtain  reasonable  assurance  whether the financial  statements  are free of
material  misstatement.  An audit includes examining,  on a test basis, evidence
supporting  the amounts and  disclosures in the financial  statements.  An audit
also includes assessing the accounting principles used and significant estimates
made by  management,  as well as  evaluating  the  overall  financial  statement
presentation.

In our opinion,  these consolidated  financial statements present fairly, in all
material respects, the financial position of the Company as at December 31, 2006
and 2005 and the  results of its  operations  and its cash flows for each of the
three years in the period ended  December 31, 2006 in  accordance  with Canadian
generally accepted accounting principles.

                                                                          "DMCL"

                                           Dale Matheson Carr-Hilton LaBonte LLP
April 27, 2007                                             Chartered Accountants
Vancouver, Canada


                 COMMENTS BY AUDITORS FOR U.S. READERS ON CANADA
                      - UNITED STATES REPORTING DIFFERENCES

In the United States,  reporting  standards for auditors require the addition of
an explanatory  paragraph  (following the opinion  paragraph) when the financial
statements are affected by conditions and events that cast substantial  doubt on
the Company's ability to continue as a going concern, such as those described in
Note 1 to the consolidated financial statements.  Our report to the shareholders
dated  April  27,  2007 is  expressed  in  accordance  with  Canadian  reporting
standards  which do not permit a reference to such events and  conditions in the
auditors'   report  when  these  are  adequately   disclosed  in  the  financial
statements.

                                                                          "DMCL"

                                           Dale Matheson Carr-Hilton LaBonte LLP
April 27, 2007                                             Chartered Accountants
Vancouver, Canada

                                      F-1
<PAGE>
WIDESCOPE RESOURCES INC.
(Formerly International Gemini Technology Inc.)
Consolidated Balance Sheets
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                   December 31, 2006        December 31, 2005
                                                   -----------------        -----------------
<S>                                                   <C>                      <C>
ASSETS

Current assets
  Cash                                                $    105,504             $    128,126
  Accounts receivable                                        3,524                      312
                                                      ------------             ------------

                                                           109,028                  128,438
                                                      ------------             ------------

Mineral properties (Note 3)                                333,158                       --
Equipment, net of amortization (Note 3)                      1,579                       --
Investment (Note 3)                                             --                   90,000
                                                      ------------             ------------

                                                      $    443,765             $    218,438
                                                      ============             ============


LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities
  Accounts payable and accrued liabilities            $     77,426             $     42,219
                                                      ------------             ------------

Non-controlling interest (Note 3)                           77,267                       --
                                                      ------------             ------------

Shareholders' equity
  Share capital - preferred (Note 5)                       604,724                  604,724
  Share capital - common (Note 5)                       13,044,609               12,894,609
  Contributed surplus (Note 5)                              53,344                   53,344
  Deficit                                              (13,413,605)             (13,376,458)
                                                      ------------             ------------

                                                           289,072                  176,219
                                                      ------------             ------------

                                                      $    443,765             $    218,438
                                                      ============             ============
</TABLE>

Approved by the Board:

----------------------------------
Martin Schultz

----------------------------------
Douglas E. Ford

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

                                      F-2
<PAGE>
WIDESCOPE RESOURCES INC.
(Formerly International Gemini Technology Inc.)
Consolidated Statements of Operations and Deficit
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                                             Years Ended December 31,
                                                                2006                 2005                 2004
                                                            ------------         ------------         ------------
<S>                                                         <C>                  <C>                  <C>
Revenue
  Interest income                                           $        689         $         --         $         --
  Management fees (Note 4)                                         9,000                   --                   --
  Consulting Fee (Note 4)                                             --                   --               20,000
                                                            ------------         ------------         ------------
                                                                   9,689                   --               20,000
                                                            ------------         ------------         ------------
Expenses
  General and administrative                                      51,311               54,804               43,718

Loss on sale of investment                                            --                   --               16,024
                                                            ------------         ------------         ------------

Loss from operations                                             (41,622)             (54,804)             (39,742)
Non-controlling interest (Note 3)                                  4,475                   --                   --
                                                            ------------         ------------         ------------
Net loss                                                         (37,147)             (54,804)             (39,742)

Deficit, beginning of year                                   (13,376,458)         (13,321,654)         (13,281,912)
                                                            ------------         ------------         ------------

Deficit, end of year                                        $(13,413,605)        $(13,376,458)        $(13,321,654)
                                                            ============         ============         ============

Earnings per share - basic and diluted                      $         --         $         --         $         --
                                                            ============         ============         ============

Weighted average number of common shares outstanding          10,383,452            9,084,049            8,323,119
                                                            ============         ============         ============
</TABLE>

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

                                      F-3
<PAGE>
WIDESCOPE RESOURCES INC.
(Formerly International Gemini Technology Inc.)
Consolidated Statements of Cash Flow
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                                   Years Ended December 31,
                                                        2006               2005               2004
                                                     ----------         ----------         ----------
<S>                                                  <C>                <C>                <C>
OPERATING ACTIVITIES
  Net loss                                           $  (37,147)        $  (54,804)        $  (39,742)
  Loss on sale of investment                                 --                 --             16,024

Non cash Items:
  Non-controlling interest in loss                       (4,475)                --                 --
  Net change in working capital items:
    Accounts receivable                                  (3,920)            22,086             21,311
    Accounts payable and accrued liabilities             20,664            (14,678)           (44,542)
                                                     ----------         ----------         ----------

Cash used in operations                                 (24,878)           (47,396)              (487)
                                                     ----------         ----------         ----------
INVESTING ACTIVITIES
  Cash acquired on acquisition of PFG, net of
   amounts (invested)                                    16,108            (90,000)                --
  Mineral property development costs                    (13,852)                --                 --
  BWN sale proceeds                                          --             30,000                 --
                                                     ----------         ----------         ----------

Cash from (used in) investing activities                  2,256            (60,000)                --
                                                     ----------         ----------         ----------
FINANCING ACTIVITIES
  Proceeds from sale of common shares                        --            234,050                 --
                                                     ----------         ----------         ----------

Cash from financing activities                               --            234,050                 --
                                                     ----------         ----------         ----------

Net increase (decrease) in cash                         (22,622)           126,654               (487)

Cash position, beginning of year                        128,126              1,472              1,959
                                                     ----------         ----------         ----------
Cash position, end of year                           $  105,504         $  128,126         $    1,472
                                                     ==========         ==========         ==========

SUPPLEMENTAL CASH FLOW INFORMATION:
  Cash paid for interest                             $       --         $       --         $       --
                                                     ==========         ==========         ==========
  Cash paid for income taxes                         $       --         $       --         $       --
                                                     ==========         ==========         ==========
</TABLE>

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

                                      F-4
<PAGE>
WIDESCOPE RESOURCES INC.
(Formerly International Gemini Technology Inc.)
Notes to the Consolidated Financial Statements
DECEMBER 31, 2006
--------------------------------------------------------------------------------

1. NATURE AND CONTINUANCE OF OPERATIONS

      The Company's  principal  business  activities  include the exploration of
      natural resource properties. The Company has acquired, directly and by way
      of the acquisition of Outback Capital Inc. (Note 3),  interests in various
      mineral claims in Manitoba  providing the right to explore.  The financial
      statements  have been prepared under the assumption the Company is a going
      concern.  The Company had working  capital of $31,602 at December 31, 2006
      but has  incurred  substantial  losses to date.  The Company  will require
      additional   funding  to  meet  its  obligations  and  the  costs  of  its
      operations.

      Effective July 12, 2006 and pursuant to shareholder approval,  the Company
      changed its name from  International  Gemini  Technology Inc. to Widescope
      Resources Inc.

      The Company's  future  capital  requirements  will depend on many factors,
      including   costs  of  exploration  and  development  of  the  properties,
      production,  if warranted,  and competition and global market  conditions.
      The Company's  potential  recurring  operating  losses and growing working
      capital needs may require that it obtain additional capital to operate its
      business.  Such outside capital will include the sale of additional common
      shares.  There can be no  assurance  that  capital  will be  available  as
      necessary to meet these continuing  exploration and development  costs or,
      if the capital is  available,  that it will be on terms  acceptable to the
      Company.  The issuances of additional equity securities by the Company may
      result in a  significant  dilution in the equity  interests of its current
      shareholders.

      The Company is dependent  upon the discovery of  economically  recoverable
      reserves, to obtain necessary financing to complete the development of its
      properties,  and  future  production  or  proceeds  from  the  disposition
      thereof.  The financial statements have been prepared under the assumption
      the  Company is a going  concern.  The  ability of the Company to continue
      operations  as a going  concern is  ultimately  dependent  upon  attaining
      profitable  operations  from an ore body.  To date,  the  Company  has not
      generated profitable operations from its resource operations and will need
      to  invest  additional  funds in  carrying  out its  planned  exploration,
      development  and  operational  activities.  As a result,  more  losses are
      anticipated prior to obtaining a level of profitable operations.

2. SIGNIFICANT ACCOUNTING POLICIES

      These financial  statements have been prepared in accordance with Canadian
      generally accepted  accounting  principles  ("Canadian  GAAP").  Except as
      indicated in note 7, they also  comply,  in all  material  respects,  with
      United States generally accepted accounting principles ("US GAAP").

      ESTIMATES, ASSUMPTIONS AND MEASUREMENT UNCERTAINTY
      The  preparation  of financial  statements  in  conformity  with  Canadian
      generally  accepted  accounting  principles  requires  management  to make
      estimates and assumptions  that affect the reported  amounts of assets and
      liabilities  and  disclosure of contingent  assets and  liabilities at the
      date of the financial  statements and the reported amounts of revenues and
      expenses  during  the  period.  Actual  results  could  differ  from those
      estimates.  By their nature,  these  estimates are subject to  measurement
      uncertainty and the effect on the financial  statements of changes in such
      estimates  in  future  periods  could  be  significant.   Areas  requiring
      significant  use of  estimates by  management  relate to  determining  the
      carrying value of mineral  properties,  estimated useful life of equipment
      and taxes rates to calculate future income taxes.

      BASIS OF CONSOLIDATION
      These financial  statements have been prepared on a consolidated basis and
      include  the  accounts of the  Company  and its 65.42%  owned  subsidiary,
      Outback Capital Inc.  effective June 30, 2006 (date of  acquisition).  All
      intercompany   balances  and   transactions   have  been   eliminated   on
      consolidation.

                                      F-5
<PAGE>
WIDESCOPE RESOURCES INC.
(Formerly International Gemini Technology Inc.)
Notes to the Consolidated Financial Statements
DECEMBER 31, 2006
--------------------------------------------------------------------------------

2. SIGNIFICANT ACCOUNTING POLICIES CONT'D

      MINERAL PROPERTIES
      The cost of mineral  properties and related  exploration  and  development
      costs are deferred until the properties are placed into production,  sold,
      abandoned or management has determined there to be impairment. These costs
      will be amortized  over the useful life of the  properties  following  the
      commencement of commercial production or written off if the properties are
      sold,  allowed to lapse,  or abandoned.  Properties  acquired under option
      agreements,  whereby  payments  are  made at the  sole  discretion  of the
      Company,  are  recorded in the  accounts at such time as the  payments are
      made. It is reasonably possible that economically recoverable reserves may
      not be discovered and accordingly a material portion of the carrying value
      of mineral  properties  and related  deferred  exploration  costs could be
      written  off.  Although  the Company  has taken  steps to verify  title to
      mineral  properties  in which it has an  interest,  according to the usual
      industry standards for the stage of exploration of such properties,  these
      procedures do not guarantee the Company's  title.  Such  properties may be
      subject to prior  agreements  or  transfers  and title may be  affected by
      undetected title defects.

      FINANCIAL INSTRUMENTS
      The fair  value  of the  Company's  cash,  accounts  receivable,  accounts
      payable  and  accrued  liabilities,   and  due  to  related  parties  were
      determined by management to approximate  their carrying  values due to the
      immediate  or  short-term   maturity  of  these   financial   instruments.
      Management does not believe the Company is exposed to significant  credit,
      currency, market or interest rate risks.

      EQUIPMENT
      Equipment is recorded at cost.  Amortization  is calculated  using the 30%
      declining  balance  annual  rate,  which is  estimated to match the useful
      lives of the assets.

      Equipment  used in exploration  activities,  where  substantially  all the
      economic  life or value of the  asset is  expected  to be  derived  from a
      specific  project,  is accounted for as dedicated assets and included as a
      separate  category within the costs  allocated to the related  exploration
      stage mineral  interests.  Amortization  for dedicated assets are provided
      over the estimated  lives based on utilization and is recorded as deferred
      exploration costs of the related project.

      LOSS PER SHARE
      The loss per share  figures  are  calculated  using the  weighted  average
      number of shares  outstanding  during the  respective  fiscal  years.  The
      calculation  of loss per share  figures  using the  Treasury  Stock Method
      considers the potential exercise of outstanding share purchase options and
      warrants or other contingent issuances to the extent each option,  warrant
      or contingent issuance was dilutive. For the years presented, diluted loss
      per  share  is  equal to basic  loss  per  share  as the  conversions  are
      anti-dilutive.

      CASH AND CASH EQUIVALENTS
      The Company  considers  all highly liquid  instruments  with a maturity of
      three months or less at the time of issuance to be cash equivalents.

      IMPAIRMENT OF LONG-LIVED ASSETS
      The Company follows the recommendations of Canadian Institute of Chartered
      Accountants  (CICA)  Handbook  Section  3063,  "Impairment  of  Long-Lived
      Assets". Section 3063 establishes standards for recognizing, measuring and
      disclosing  impairment  of  long-lived  assets  held for use.  The Company
      conducts its impairment  test on long-lived  assets when events or changes
      in circumstances indicate that the carrying amount may not be recoverable.
      Impairment is recognized  when the carrying  amount of an asset to be held
      and used exceeds the undiscounted  future net cash flows expected from its
      use and  disposal.  If there  is  impairment,  the  impairment  amount  is
      measured as the amount by which the carrying  amount of the asset  exceeds
      its fair value,  calculated using discounted cash flows when quoted market
      prices are not available.

                                      F-6
<PAGE>
WIDESCOPE RESOURCES INC.
(Formerly International Gemini Technology Inc.)
Notes to the Consolidated Financial Statements
DECEMBER 31, 2006
--------------------------------------------------------------------------------

2. SIGNIFICANT ACCOUNTING POLICIES CONT'D

      INCOME TAXES
      The  Company  accounts  for  income  taxes  using the asset and  liability
      method,  whereby future tax assets and  liabilities are recognized for the
      future income tax  consequences  attributable  to differences  between the
      carrying values of the asset and liabilities and their  respective  income
      tax bases.  Future income tax assets and  liabilities  are measured  using
      substantively enacted income tax rates expected to apply to taxable income
      in the years in which  temporary  differences are expected to be recovered
      or settled.  The effect on future income taxes and liabilities of a change
      in rates is  included  in  operations  in the  period  that  includes  the
      substantive  enactment  date.  Where the probability of a realization of a
      future income tax asset is more likely than not, a valuation  allowance is
      recorded.

      STOCK-BASED COMPENSATION
      The Company  applies the fair value  method of valuing all grants of stock
      options.  All  stock  options  granted  are  accounted  for  as a  capital
      transaction  at the time of the grant with the related  fair values  being
      reflected as contributed  surplus in shareholders'  equity. The fair value
      of  options   granted  is  estimated  at  the  date  of  grant  using  the
      Black-Scholes  option pricing model  incorporating  assumptions  regarding
      risk-free  interest  rates,  dividend  yield,  volatility  factor  of  the
      expected  market  price of the  Company's  stock,  and a weighted  average
      expected life of the options.  The estimated  fair value of the options is
      recorded over the options' vesting period.  Any consideration  paid on the
      exercise of stock options is credited to share capital.

3. ACQUISITION OF OUTBACK CAPITAL INC. DBA PINEFALLS GOLD ("PFG")

      In April 2005, the Company entered into a subscription agreement to invest
      $200,000 into Outback  Capital Inc. dba Pinefalls Gold ("PFG"),  a private
      Alberta company with certain directors and a principal  shareholder of PFG
      in common with the  Company.  PFG is an  exploration  company  with mining
      claims  located  in  the  area  of  Bissett,  Manitoba.  Pursuant  to  the
      subscription,  the Company  invested  $90,000 in exchange  for 1.8 million
      units during 2005 and an  additional  $110,000 in exchange for 2.2 million
      units in 2006 of PFG at $0.05 per unit with  each  unit  comprised  of one
      common  share and one share  purchase  warrant to purchase  an  additional
      common share at $0.075 for a period of two years.  Without the exercise of
      the warrants, the Company purchased approximately 37% of the common shares
      of PFG. As at June 30, 2006, the Company had invested $200,000 in exchange
      for 4 million units under this subscription agreement.

      In addition,  the Company entered into a share exchange agreement with one
      of the  principal  shareholders  of  PFG,  who is also a  director  of the
      Company,  under  which the  Company  acquired  a further 3 million  common
      shares of PFG in exchange for one million  common shares of the Company at
      a value of  $150,000.  As a result of the share  exchange  agreement,  the
      director in common no longer had an ownership interest in PFG.

      The Company completed the transactions  above effective June 30, 2006; and
      as at December 31, 2006 the Company  owned 65.42% of the common  shares of
      PFG.

      The Pinefalls Gold mining property is subject to a 2% royalty based on the
      gross cash proceeds  received from the sale of minerals,  less the cost of
      smelting,  refining,  freight,  insurance and other related costs, and the
      cost of marketing and sale of minerals  derived from PFG  properties.  The
      royalty will be  calculated  on a cumulative  basis and will be payable in
      cash  by the  Company  within  180  days of each  fiscal  year  end of the
      Company.

                                      F-7
<PAGE>
WIDESCOPE RESOURCES INC.
(Formerly International Gemini Technology Inc.)
Notes to the Consolidated Financial Statements
DECEMBER 31, 2006
--------------------------------------------------------------------------------

3. ACQUISITION OF PFG CONT'D

      The fair value of the assets  acquired and liabilities  assumed  effective
      June 30, 2006 are as follows:

                                                                         - $ -
                                                                       --------
        Current assets                                                  126,108
        Mineral claims and equipment                                    320,885
        Current liabilities                                              (3,861)
        Due to related parties                                          (11,390)
        Non controlling interest                                        (81,742)
                                                                       --------
                                                                        350,000
                                                                       ========

     CONSIDERATION PAID:
        1,000,000 common shares at $0.15 per share                      150,000
        Cash                                                            200,000
                                                                       --------
                                                                        350,000
                                                                       ========

     Mineral Claims and equipment includes the following:

                                                                         - $ -
                                                                       --------
        Unproven Mining Claims - not subject to depletion               319,306
        Equipment                                                         1,579
                                                                       --------
        Totals                                                          320,885
                                                                       ========

4. RELATED PARTY TRANSACTIONS

      During the year ended December 31, 2006, a company in which a director has
      an interest  charged  the Company  $24,000  (2005:  $24,000)  for rent and
      management  fees.  The unpaid portion of these  amounts,  plus  additional
      advances and other amounts due to directors,  aggregating  $72,350  (2005:
      $34,810)  is included in  accounts  payable  and  accrued  liabilities  at
      December 31, 2006.

      The Company  charged $9,000 (2005:  $nil) for rent and management  fees to
      PFG prior to the acquisition date.

      Related party  transactions were in the normal course of business and have
      been recorded at the exchange  amount.  Amounts due to related parties are
      unsecured, non-interest bearing and without specific terms of repayment.

                                      F-8
<PAGE>
WIDESCOPE RESOURCES INC.
(Formerly International Gemini Technology Inc.)
Notes to the Consolidated Financial Statements
DECEMBER 31, 2006
--------------------------------------------------------------------------------

5. SHARE CAPITAL

      a) The  authorized  capital of the Company  comprises  100,000,000  common
      shares without par value and  100,000,000  Series 1 convertible  preferred
      shares  without par value.  The rights and  restrictions  of the preferred
      shares are as follows:

          i)   dividends shall be paid at the discretion of the directors;

          ii)  the  holders of the  preferred  shares are not  entitled  to vote
               except at meetings of the holders of the preferred shares,  where
               they are entitled to one vote for each preferred share held;

          iii) the shares are convertible at any time; and

          iv)  the number of the common  shares to be received on  conversion of
               the  preferred  shares  is  to  be  determined  by  dividing  the
               conversion value of the share, $1 per share, by $0.45.

      b) Common shares

<TABLE>
<CAPTION>
                                                          2006                           2005
                                              -------------------------        -------------------------
                                                Shares           $               Shares           $
                                              ----------     ----------        ----------     ----------
<S>                                            <C>           <C>                <C>           <C>
          Balance, beginning of year           9,883,452     12,894,609         8,323,119     12,660,559
          Issued via private placement                --             --         1,560,333        234,050
          Issued on acquisition of PFG         1,000,000        150,000                --             --
                                              ----------     ----------        ----------     ----------
          Balance, December 31                10,883,452     13,044,609         9,883,452     12,894,609
                                              ==========     ==========        ==========     ==========
</TABLE>

      During  2005,  the Company  completed  non-brokered  private  placement by
      issuing  1,560,333 units at $0.15 per unit for proceeds of $234,050.  Each
      unit consists of one common share and a share purchase  warrant to acquire
      an additional common share at $0.18 per share by June 7, 2007.

      c) Preferred shares

<TABLE>
<CAPTION>
                                                          2006                           2005
                                              -------------------------        -------------------------
                                                Shares           $               Shares           $
                                              ----------     ----------        ----------     ----------
<S>                                            <C>           <C>                <C>           <C>
          Balance, beginning and end of year   604,724         604,724           604,724        604,724
                                               =======         =======           =======        =======
</TABLE>

      d) Warrants

                                                 2006             2005
                                               ---------        ---------

          Balance, beginning of year           1,560,333               --
          Issued                                      --        1,560,333
                                               ---------        ---------
          Balance, December 31                 1,560,333        1,560,333
                                               =========        =========

      Each  warrant  gives the holder the right to purchase  one common share of
      the Company at $0.18 per share on or before the expiry of the  warrants on
      June 7, 2007.

      e) Stock Options

      As of December 31, 2006 and 2005, there were no stock options outstanding.

                                      F-9
<PAGE>
WIDESCOPE RESOURCES INC.
(Formerly International Gemini Technology Inc.)
Notes to the Consolidated Financial Statements
DECEMBER 31, 2006
--------------------------------------------------------------------------------

6. INCOME TAXES

      A  reconciliation  of income  taxes at  statutory  rates with the reported
      taxes is as follows:

<TABLE>
<CAPTION>
                                                                2006             2005
                                                              --------         --------
<S>                                                           <C>              <C>
          Loss before income taxes                            $ 37,147         $ 54,804
                                                              ========         ========

          Income tax recovery at statutory rates 34.1%        $ 12,667         $ 19,072
          Unrecognized benefit of non-capital losses           (12,667)         (19,072)
                                                              --------         --------
          Total income taxes                                  $     --         $     --
                                                              ========         ========
</TABLE>

      The significant  components of the Company's  future income tax assets are
      as follows:

<TABLE>
<CAPTION>
                                                                         2006                2005
                                                                     -----------         -----------
<S>                                                                  <C>                 <C>
          Future income tax assets:
            Non-capital loss carry forward benefit                   $    74,481         $    61,814
            Capital losses carried forward                                 1,506               1,506
            Research and development expenses carried forward                 --           1,220,128
            Valuation allowance                                          (75,987)         (1,283,448)
                                                                     -----------         -----------
          Net future income tax asset                                $        --         $        --
                                                                     ===========         ===========
</TABLE>

      The Company has approximately  $212,000 in non-capital  losses that can be
      offset  against  taxable  income in future  years which  expire at various
      dates commencing in 2007 and approximately  $8,000 in capital losses which
      may be  available  to offset  future  taxable  capital  gains which can be
      carried forward  indefinitely.  The potential  future tax benefit of these
      losses  has  not  been  recorded  as a  full-future  tax  asset  valuation
      allowance  has  been  provided  due  to  the  uncertainty   regarding  the
      realization of these losses.

7. RECONCILIATION BETWEEN CANADIAN AND UNITED STATES GENERALLY ACCEPTED
   ACCOUNTING PRINCIPLES

      These financial  statements have been prepared in accordance with Canadian
      generally accepted accounting  principles ("Canadian GAAP"), which differs
      in certain  respects  from United  States  generally  accepted  accounting
      principles ("US GAAP"). A description of US GAAP and practices  prescribed
      by the US  Securities  and  Exchange  Commission  ("SEC")  that  result in
      material  measurement  and disclosure  differences  from Canadian GAAP are
      summarized as follows:

<TABLE>
<CAPTION>
                                                                      December 31,      December 31,
                                                                         2006              2005
                                                                       ---------         ---------
<S>                                                                    <C>               <C>
          Consolidated Balance Sheets

            Total assets under Canadian GAAP                           $ 443,765         $ 218,438

               (a) Mineral property exploration and acquisition
                   costs expensed under US GAAP                         (333,158)               --
                                                                       ---------         ---------
               Total assets under US GAAP                              $ 110,607         $ 218,438
                                                                       =========         =========
</TABLE>

                                      F-10
<PAGE>
WIDESCOPE RESOURCES INC.
(Formerly International Gemini Technology Inc.)
Notes to the Consolidated Financial Statements
DECEMBER 31, 2006
--------------------------------------------------------------------------------

7. RECONCILIATION BETWEEN CANADIAN AND UNITED STATES GENERALLY ACCEPTED
   ACCOUNTING PRINCIPLES CONT'D

<TABLE>
<CAPTION>
<S>                                                                        <C>               <C>
          Total liabilities under Canadian and US GAAP                     $  77,426         $  42,219
                                                                           =========         =========

          Total shareholders' equity (deficit) under Canadian GAAP         $ 289,072         $ 176,219

            (a) Mineral property exploration and acquisition
                costs expensed under US GAAP                                (333,158)               --
                                                                           ---------         ---------

          Total shareholders' equity (deficit) under US GAAP               $ (44,086)        $ 176,219
                                                                           =========         =========

                                                                          Year ended        Year ended        Year ended
                                                                          December 31,      December 31,      December 31,
                                                                             2006              2005              2004
                                                                           ---------         ---------         ---------
          Consolidated Statements of Operations and Deficit

               Net income (loss) under Canadian GAAP                       $ (37,147)        $ (54,804)        $ (39,863)

                 (a) Mineral property exploration and
                     acquisition costs expensed under US GAAP               (333,158)               --                --
                                                                           ---------         ---------         ---------

               Net loss under US GAAP                                      $(370,305)        $ (54,804)        $ (39,863)
                                                                           =========         =========         =========

               Basic and diluted loss per share under US GAAP              $   (0.04)        $   (0.01)        $   (0.01)
                                                                           =========         =========         =========

                                                                          Year ended        Year ended        Year ended
                                                                          December 31,      December 31,      December 31,
                                                                             2006              2005              2004
                                                                           ---------         ---------         ---------
          Consolidated Statements of Cash Flows

            Net cash used in operations under Canadian GAAP                $(24,878)         $(47,396)         $   (487)

              (b) Mineral property exploration costs incurred               (13,852)               --                --
                                                                           --------          --------          --------

               Net cash used in operations under US GAAP                   $(38,730)         $(47,396)         $   (487)
                                                                           ========          ========          ========

               Net cash provided by (used in) investing activities
                under Canadian GAAP                                        $  2,256          $(60,000)         $     --

                  (b) Mineral property exploration costs incurred            13,852                --                --
                                                                           --------          --------          --------
               Net cash provided by (used in) investing activities
                under US GAAP                                              $ 16,108          $(60,000)         $     --
                                                                           ========          ========          ========
</TABLE>

                                      F-11
<PAGE>
WIDESCOPE RESOURCES INC.
(Formerly International Gemini Technology Inc.)
Notes to the Consolidated Financial Statements
DECEMBER 31, 2006
--------------------------------------------------------------------------------

7. RECONCILIATION BETWEEN CANADIAN AND UNITED STATES GENERALLY ACCEPTED
   ACCOUNTING PRINCIPLES CONT'D

<TABLE>
<CAPTION>
<S>                                                              <C>             <C>             <C>
          Net cash provided by financing activities under
           Canadian and US GAAP                                  $     --        $234,050        $     --
                                                                 ========        ========        ========
</TABLE>

     (A)  INTEREST IN UNPROVEN MINERAL PROPERTIES

          In accordance  with Canadian GAAP, the cost of mineral  properties and
          related  exploration  and  development  costs are  deferred  until the
          properties are placed into production,  sold,  abandoned or management
          has determined there to be impairment.

          In accordance with US GAAP,  mineral  property  acquisition  costs are
          initially  capitalized when incurred using the guidance in EITF 04-02,
          "Whether  Mineral  Rights Are  Tangible or  Intangible  Assets" and in
          accordance with Financial Accounting Standards Board ("FASB") SFAS No.
          144, "Accounting for the Impairment or Disposal of Long-Lived Assets",
          the carrying value of intangible assets and other long-lived assets is
          reviewed  on  a  regular   basis  for  the   existence   of  facts  or
          circumstances  that may suggest  impairment.  The  Company  recognizes
          impairment when the sum of the expected undiscounted future cash flows
          is less  than the  carrying  amount  of the  asset.  Mineral  property
          exploration costs are expensed as incurred until commercially  minable
          deposits are determined to exist within a particular  property as cash
          flows cannot be reasonably estimated prior to such determination

          Accordingly,  for all periods presented,  the Company has expensed all
          mineral property  exploration  costs for US GAAP purposes and impaired
          the property  acquisition  costs incurred  during the period (see Note
          3).

     (B)  MINERAL PROPERTY COSTS INCURRED

          Under  Canadian  GAAP,   cash  flows  relating  to  mineral   property
          acquisition   and   exploration   costs  are   reported  as  investing
          activities.  Under US GAAP,  these costs are  classified  as operating
          activities. The net cash provided by (used in) operating and investing
          activities has been adjusted accordingly for all periods presented.

     (C)  RECENT ACCOUNTING PRONOUNCEMENTS - US GAAP

          In  February  2006,  the FASB issued  SFAS No.  155,  "Accounting  for
          Certain Hybrid Financial  Instruments-an  amendment of FASB Statements
          No. 133 and 140", to simplify and make more  consistent the accounting
          for certain financial  instruments.  SFAS No. 155 amends SFAS No. 133,
          "Accounting  for Derivative  Instruments and Hedging  Activities",  to
          permit fair value  remeasurement  for any hybrid financial  instrument
          with an embedded derivative that otherwise would require  bifurcation,
          provided  that the whole  instrument  is accounted for on a fair value
          basis.  SFAS  No.  155  amends  SFAS  No.  140,  "Accounting  for  the
          Impairment  or Disposal of Long-Lived  Assets",  to allow a qualifying
          special-purpose  entity to hold a derivative financial instrument that
          pertains  to a  beneficial  interest  other  than  another  derivative
          financial   instrument.   SFAS  No.  155  applies  to  all   financial
          instruments  acquired  or issued  after the  beginning  of an entity's
          first fiscal year that begins after  September 15, 2006,  with earlier
          application  allowed The adoption of this statement is not expected to
          have an effect on the Company's future reported  financial position or
          results of operations.

                                      F-12
<PAGE>
WIDESCOPE RESOURCES INC.
(Formerly International Gemini Technology Inc.)
Notes to the Consolidated Financial Statements
DECEMBER 31, 2006
--------------------------------------------------------------------------------

7. RECONCILIATION BETWEEN CANADIAN AND UNITED STATES GENERALLY ACCEPTED
   ACCOUNTING PRINCIPLES CONT'D

          In March 2006, the FASB issued SFAS No. 156, "Accounting for Servicing
          of  Financial   Assets,  an  amendment  of  FASB  Statement  No.  140,
          Accounting  for  Transfers  and  Servicing  of  Financial  Assets  and
          Extinguishments   of   Liabilities".   This  statement   requires  all
          separately  recognized  servicing assets and servicing  liabilities be
          initially  measured at fair  value,  if  practicable,  and permits for
          subsequent  measurement  using  either  fair  value  measurement  with
          changes in fair value  reflected in earnings or the  amortization  and
          impairment   requirements   of  Statement  No.  140.  The   subsequent
          measurement of separately  recognized  servicing  assets and servicing
          liabilities  at fair value  eliminates the necessity for entities that
          manage  the  risks   inherent  in  servicing   assets  and   servicing
          liabilities with derivatives to qualify for hedge accounting treatment
          and  eliminates  the  characterization  of  declines  in fair value as
          impairments  or direct  write-downs.  SFAS No. 156 is effective for an
          entity's  first fiscal year  beginning  after  September 15, 2006. The
          adoption of this  statement  is not  expected to have an effect on the
          Company's future reported financial position or results of operations.

          In  September  2006,  the  FASB  issued  SFAS  No.  157,  "Fair  Value
          Measures".  This Statement defines fair value, establishes a framework
          for measuring fair value in generally accepted  accounting  principles
          (GAAP), expands disclosures about fair value measurements, and applies
          under  other  accounting  pronouncements  that  require or permit fair
          value  measurements.  SFAS No. 157 does not require any new fair value
          measurements.  However,  the FASB  anticipates that for some entities,
          the application of SFAS No. 157 will change current practice. SFAS No.
          157 is  effective  for  financial  statements  issued for fiscal years
          beginning after November 15, 2007,  which for the Company would be the
          fiscal year beginning  January 1, 2008. The adoption of this statement
          is not expected to have an impact on its financial position or results
          of operations.

          In  September  2006,  the  FASB  issued  SFAS  No.  158,   "Employers'
          Accounting  for  Defined  Benefit  Pension  and  Other  Postretirement
          Plans."  This  Statement  requires an employer to  recognize  the over
          funded or under funded  status of a defined  benefit  post  retirement
          plan (other than a multiemployer plan) as an asset or liability in its
          statement of  financial  position,  and to  recognize  changes in that
          funded  status  in  the  year  in  which  the  changes  occur  through
          comprehensive  income.  SFAS No. 158 is  effective  for  fiscal  years
          ending after  December 15, 2006. The adoption of this statement had no
          effect on the  Company's  reported  financial  position  or results of
          operations.

          In September 2006, the SEC issued Staff  Accounting  Bulletin  ("SAB")
          No. 108,  "Considering  the Effects of Prior Year  Misstatements  when
          Quantifying  Misstatements in Current Year Financial  Statements." SAB
          No.  108  addresses   how  the  effects  of  prior  year   uncorrected
          misstatements  should be considered when quantifying  misstatements in
          current year financial  statements.  SAB No. 108 requires companies to
          quantify  misstatements  using a balance  sheet and  income  statement
          approach  and  to  evaluate   whether  either   approach   results  in
          quantifying   an  error  that  is   material   in  light  of  relevant
          quantitative  and  qualitative  factors.  SAB No. 108 is effective for
          periods  ending after November 15, 2006. The adoption of this standard
          had no effect on the Company's  reported financial position or results
          of operations.

                                      F-13
<PAGE>
WIDESCOPE RESOURCES INC.
(Formerly International Gemini Technology Inc.)
Notes to the Consolidated Financial Statements
DECEMBER 31, 2006
--------------------------------------------------------------------------------

7. RECONCILIATION BETWEEN CANADIAN AND UNITED STATES GENERALLY ACCEPTED
   ACCOUNTING PRINCIPLES CONT'D

     (D)  RECENT ACCOUNTING PRONOUNCEMENTS - CANADIAN GAAP

          The Canadian  Institute of Chartered  Accountants  ("CICA") has issued
          three new  accounting  standards  related  to  financial  instruments:
          Section 3855,  "FINANCIAL  INSTRUMENTS - RECOGNITION AND MEASUREMENT",
          Section  3865,  "HEDGES",  and Section 1530,  "COMPREHENSIVE  INCOME".
          These new  standards  apply to the  Company  beginning  July 1,  2007.
          Section 3855 expands on Handbook Section 3860 "FINANCIAL INSTRUMENTS -
          DISCLOSURE  AND   Presentation",   by  prescribing  when  a  financial
          instrument  is to be  recognized  on the  balance  sheet  and at  what
          amount.  It also specifies how financial  instrument  gains and losses
          are to be  presented.  Section  3865  provides  additional  accounting
          treatments  to Section  3855 for  entities  that  choose to  designate
          qualifying transactions as hedges for accounting purposes. It replaces
          and  expands  on  AcG-13,  "HEDGING  RELATIONSHIPS",  and the  hedging
          guidance  in  Section  1650,   "FOREIGN  CURRENCY   TRANSLATION",   by
          specifying   how  hedge   accounting   is  applied  and  the  required
          disclosures.  Section  1530  introduces a new  requirement  to present
          certain revenues, expenses, gains and losses, that otherwise would not
          be immediately recorded in income, in a comprehensive income statement
          with the  same  prominence  as  other  statements  that  constitute  a
          complete set of financial  statements.  The Company is still assessing
          the  implications  of these  new  standards,  but it may  require  the
          recognition of certain financial instruments that would previously not
          have been recognized.  Also, for the interim period commencing January
          1, 2007,  the  Company  will be  required  to present a new  financial
          statement entitled "COMPREHENSIVE INCOME".

          The CICA has issued  Section  3251,  "EQUITY".  The  Section  replaces
          Section 3250, "SURPLUS" and incorporates amendments resulting from the
          issuance of Section 1530,  "COMPREHENSIVE INCOME". The Section becomes
          effective  on January 1, 2007 and,  as noted  previously,  the Company
          will  be  required  to  present  a new  financial  statement  entitled
          "COMPREHENSIVE INCOME".

          The CICA has issued two  additional  accounting  standards  related to
          financial   instruments:   Section  3862,  "FINANCIAL   INSTRUMENTS  -
          DISCLOSURES",    and   Section   3863,   "FINANCIAL    INSTRUMENTS   -
          PRESENTATION".   These  standards  enhance  the  existing   disclosure
          requirements in previously issued Section 3861, "FINANCIAL INSTRUMENTS
          - DISCLOSURE AND  PRESENTATION".  Section 3862 places greater emphasis
          on  disclosures  about risks  related to recognized  and  unrecognized
          financial  instruments  and how those risks are managed.  Section 3863
          carries forward the same presentation  standards as Section 3861. Both
          Sections become effective for the Company on January 1, 2008 and it is
          not expected that they will have a significant impact.

          The CICA has released Section 1535, "CAPITAL DISCLOSURES". The Section
          requires  an  entity to  disclose  information  about its  objectives,
          policies and processes for managing  capital and its  compliance  with
          any  externally  imposed  capital  requirements.  The Section  becomes
          effective  January 1, 2008 and will  require the Company to expand its
          disclosure in this area.

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