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

                                   FORM 10-KSB

(Mark One)
[X] Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act
    of 1934

    For the fiscal year ended July 31, 2007.

[ ] Transition Report under Section 13 or 15(d) of the Securities Exchange
    Act of 1934


                                DMA MINERALS INC.
              (Exact name of small business issuer in its charter)

           Nevada                        333-138107              20-5024859
(State or Other Jurisdiction of         (Commission            (IRS Employer
 Incorporation or Organization)         File Number)         Identification No.)

                           Church Barn, 3 Church Lane
                         Barlby, Selby, England YO8 5JG
                    (Address of Principal Executive Offices)

                    Issuer's telephone number: (775)981-9022

      Securities registered under Section 12(b) of the Exchange Act: None.

         Securities registered under Section 12(g) of the Exchange Act:
                        Common Stock, $0.001 par value.

Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 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

Check if there is no disclosure of delinquent filers in response to Item 405 or
Regulation S-B is not contained in this form, and no disclosure will be
contained, to the best of registrant's knowledge, in definitive proxy or
information statements incorporated by reference in Part III of this Form 10-KSB
or any amendment to this Form 10-KSB [X]

Indicate by check mark whether the registrant is a shell company (Rule 12b-2 of
the Exchange Act) [X] Yes [ ] No

State issuer's revenues for its most recent fiscal year: $0.00

State the aggregate market value of the voting and non-voting common equity held
by non-affiliates computed by reference to the price at which the common equity
was sold: $60,000 (1,200,000 common shares @ $0.05 per share)

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date: As of July 31, 2007, the issuer had
2,400,000 shares of common stock issued and outstanding.
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           CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING INFORMATION

Certain statements in this annual report on Form 10-KSB contain or may contain
forward-looking statements that are subject to known and unknown risks,
uncertainties and other factors which may cause actual results, performance or
achievements to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements. These
forward-looking statements were based on various factors and were derived
utilizing numerous assumptions and other factors that could cause our actual
results to differ materially from those in the forward-looking statements. These
factors include, but are not limited to, our ability to consummate a merger or
business combination, economic, political and market conditions and
fluctuations, government and industry regulation, interest rate risk, U.S. and
global competition, and other factors. Most of these factors are difficult to
predict accurately and are generally beyond our control. You should consider the
areas of risk described in connection with any forward-looking statements that
may be made herein. Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this report.
Readers should carefully review this annual report in its entirety, including
but not limited to our financial statements and the notes thereto. Except for
our ongoing obligations to disclose material information under the Federal
securities laws, we undertake no obligation to release publicly any revisions to
any forward-looking statements, to report events or to report the occurrence of
unanticipated events. For any forward-looking statements contained in any
document, we claim the protection of the safe harbor for forward-looking
statements contained in the Private Securities Litigation Reform Act of 1995.

                                     PART I

ITEM 1. DESCRIPTION OF BUSINESS

GENERAL INFORMATION

We are an exploration stage company with no revenues and a limited operating
history. Our independent auditor has issued an audit opinion which includes a
statement expressing substantial doubt as to our ability to continue as a going
concern.

There is the likelihood of our mineral claim containing little or no economic
mineralization. The TG Mineral Claim, consisting of 12 contiguous cells totaling
600 acres, is the only claim currently in the company's portfolio. If our claim
does not contain any reserves all funds that we spend on exploration will be
lost. Even if we complete our current exploration program and are successful in
identifying a mineral deposit we will be required to expend substantial funds on
further drilling and engineering studies before we will know if we have a
commercially viable mineral deposit or reserve.

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                                    GLOSSARY

Analcite-bearing trachybasalt -        Analcite or analcime is a hydrous sodium
                                       aluminum silicate mineral that
                                       predominates in the extrusive or volcanic
                                       form of its igneous equivalent, a
                                       syenogabbro.

Andesitic to basaltic composition -    a range of rock descriptions using the
                                       chemical make-up or mineral norms of the
                                       same.

Dry Interior Belt biotic zone -        a division of life forms and climatic
                                       zones that make-up or may be particular
                                       to British Columbia, Canada. Another
                                       example could the Cariboo Parklands zone.

Elongate basin -                       a longer than wide depression that may be
                                       favorable to in-filling by adjacent
                                       eroding mountains.

Formation -                            the fundamental unit of similar rock
                                       assemblages used in stratigraphy.

Intermontane belt -                    between mountains (ranges), a usually
                                       longer than wide depression occurring
                                       between enclosing mountain ranges that
                                       supply erosional material to infill the
                                       basin.

Mineral tenure of British Columbia -   the rights, privileges and obligations
                                       specified, by the acquisition of mineral
                                       tenure, in the Mineral Tenure Act of the
                                       Province. Specifics of what a mineral
                                       tenure holder can, cannot and must do to
                                       hold mineral title in British Columbia,
                                       Canada. Since B.C. is a Provincial
                                       jurisdiction mineral tenure lies with the
                                       province unless federal jurisdiction is
                                       encroached, i.e. fisheries or if the
                                       mineral activity takes place in a federal
                                       territory, i.e. Nunavit. Also a federally
                                       chartered company may have to use
                                       Canadian (federal) rules and regulations.

Plagioclase feldspar -                 a specific range of chemical composition
                                       of common or abundant rock forming
                                       silicate minerals.

Porphyritic in augite pyroxene -       Large porphyroblasts or crystals of a
                                       specific rock-forming mineral, i.e.
                                       augite occurring within a matrix of finer
                                       grained rock-forming minerals.

Upper Triassic age Nicola Group -      upper Triassic refers to rock units of
                                       similar age within the range of 213 -248
                                       million year, before the present. Age
                                       descriptions often use the adjectives,
                                       lower-middle-upper to further define the
                                       position of age. To constitute a group it
                                       must be composed of at least two
                                       formations.

Volcaniclastic -                       Angular to rounded particles of a wide
                                       range of sizes within (a welded) finer
                                       grain-sized matrix of volcanic origin.

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GENERAL INFORMATION

The one property in our portfolio is the TG Mineral Claim, consisting of 600
acres, included within 12 contiguous cells. The TG Mineral Claim was staked
using the British Columbia Mineral Titles Online computer Internet system and
was assigned Tenure No. 541556 and is good to September 18, 2008.

The mineral claim area may be located at the center of the property the latitude
is 51(Degree) 11' 3" N and the longitude is 121(Degree) 5' 46" W. The claim is
motor vehicle accessible from the Village of 70 Mile House, B.C. by traveling 17
miles east southeast along the Upper Loon Lake gravel ranch road to the mineral
claim. The Town of 100 Mile House and the City of Kamloops, B.C. which lie 46
miles and 86 miles by road northwest and southeast of the TG mineral claim,
respectively. Each offer much of the necessary infrastructure required to base
and carry-out an exploration program (accommodations, communications, equipment
and supplies). Kamloops, B.C. is highway accessible from Vancouver, B.C. in a
few hours by traveling over the Coquihalla Highway. Much of this area of the
interior plateau, with its rolling hills, hosts clusters of lodge pole pine with
similar stands of aspen. The area experiences about 20" - 30" of precipitation
annually of which about 25% may occur as a snow equivalent. The summers can
experience hot weather while the winters are generally more severe than the dry
belt to the east and can last from November through March.

The claim has had no known mineral exploration. We have not carried out any
exploration work on the claim and have incurred no exploration costs. The future
cost of exploration work on the property is disclosed in detail in the Plan of
Operation section of this prospectus.

There is not a plant or any equipment currently located on the property.

The initial exploration phase is supported by generators. Water required for
exploration and development of the claim is available from several creeks and
fresh water lakes located in the area.

A three-phase exploration program to evaluate the area was considered
appropriate and was recommended by the geologist. Phase 1 of the work program
consisted of detailed prospecting and mineralization mapping, followed by hand
trenching to obtain samples. Contingent upon favorable results from Phase 1,
Phase 2 work would consist of Magnetometer and VLF electromagnetic, grid
controlled surveys over the areas of interest determined by the Phase 1 survey.
Phase 3 work would include an induced polarization survey over grid controlled
anomalous areas of interest outlined by Phase 1&2 fieldwork. Then hoe or
bulldozer trenching, mapping and sampling of bedrock anomalies.

The cost of the proposed program is $5,840 (USD) for the initial phase of
exploration work, $10,778 for the 2nd phase and $33,682 for the 3rd phase.

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ACQUISITION OF THE MINERAL CLAIM

The TG Mineral Claim is assigned Tenure Number 541556 and is recorded in the
name of our president, Daniel Martinez-Atkinson. The claim is in good standing
to September 18, 2008.

REQUIREMENTS OR CONDITIONS FOR RETENTION OF TITLE

Title to the property has already been granted to our president, Daniel
Martinez-Atkinson, who holds the claim in trust for the Company. To obtain a
Free Miner's Certificate, which is required to hold a mining claim in British
Columbia, Section 8(1) of the B.C. Mineral Tenure Act (MTA) stipulates that a
corporation must be registered under the British Columbia Business Corporations
Act. Section 8(2) of the MTA stipulates that an individual applicant must either
be a resident of Canada or be authorized to work in Canada. As the corporation
is not registered in British Columbia the claim is held in trust for the company
by Mr. Martinez-Atkinson who is a Canadian citizen. The TG Mineral Claim was
staked using the British Columbia Mineral Titles Online computer Internet
system.

All claims staked in British Columbia require $0.40 per hectare worth of
assessment work to be undertaken in year 1 through 3, followed by $0.80 per
hectare per year thereafter. In order to retain title to the property
exploration work costs must be recorded and filed with the British Columbia
Department of Energy Mines and Petroleum Resources ("BCDM"). The BCDM charges a
filing fee, equal to 10% of the value of the work recorded, to record the work.

LOCATION, ACCESS, CLIMATE, LOCAL RESOURCES & INFRASTRUCTURE

The TG property lies in the interior plateau of the province and within the
Cariboo Parkland biotic or life zone of British Columbia. The area experiences
about 20" - 30" of precipitation annually of which about 25% may occur as a snow
equivalent. The summers can experience hot weather while the winters are
generally more severe than the dry belt to the east and can last from November
through March.

Much of this area of the interior plateau, with its rolling hills, hosts
clusters of lodge pole pine with similar stands of aspen. Douglas fir and
Engelmann spruce round out the other evergreen cover, but in lesser abundance.
The general area supports an active logging industry. Mining holds an historical
and contemporary place in the development and economic well being of the area.

The Town of 100 Mile House and the City of Kamloops, British Columbia which lie
46 miles and 86 miles by road northwest and southeast of the TG mineral claim,
respectively. Each offer much of the necessary infrastructure required to base
and carry-out an exploration program (accommodations, communications, equipment
and supplies). Kamloops, B.C. is highway accessible from Vancouver, B.C. in a
few hours by traveling over the Coquihalla Highway. Kamloops has a good airport
and the overnight Greyhound bus service is a popular way to send-in samples and
to receive additional equipment and supplies.

                                       5
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The claim area ranges in elevation from 3,150 feet to 3,600 feet mean sea level.
The physiographic setting of the property can be described as rounded, open
range pockets among the clusters of evergreens and aspens in a plateau setting.
The surface of the area has been altered both by the erosion and the
depositional (drift cover) effects of glaciations. Thickness of drift cover in
the valleys may vary considerably. Fresh water lakes and small streams are
abundant in the area.

PROPERTY MINERALIZATION

The professional geologist has observed in places within the general area
pyrite-pyrrhotite-chalcopyrite mineralization as mesothermal replacements or
vein-type of occurrences that lie peripheral to the porphyry-type occurrence in
the volcanic tuffs (as volcanic skarn). These occurrences were observed in the
massive volcanic units and in medium grain-sized intrusive rock within steeply
dipping to vertical fissure/fault zones with some dissemination in the adjacent
wallrock. Alteration accompanying the pyritization is often observed as
epidote-chlorite-calcite or as a propylitic assemblage.

COMPETITION

We do not compete directly with anyone for the exploration or removal of
minerals from our property as we hold all interest and rights to the claim.
Readily available commodities markets exist in Canada and around the world for
the sale of minerals. Therefore, we will likely be able to sell any minerals
that we are able to recover.

We will be subject to competition and unforeseen limited sources of supplies in
the industry in the event spot shortages arise for supplies such as dynamite,
and certain equipment such as bulldozers and excavators that we will need to
conduct exploration. We have not yet attempted to locate or negotiate with any
suppliers of products, equipment or services. If we are unsuccessful in securing
the products, equipment and services we need we may have to suspend our
exploration plans until we are able to do so.

BANKRUPTCY OR SIMILAR PROCEEDINGS

There has been no bankruptcy, receivership or similar proceeding.

REORGANIZATIONS, PURCHASE OR SALE OF ASSETS

There have been no material reclassifications, mergers, consolidations, or
purchase or sale of a significant amount of assets not in the ordinary course of
business.

COMPLIANCE WITH GOVERNMENT REGULATION

We are required to comply with all regulations, rules and directives of
governmental authorities and agencies applicable to the exploration of minerals
in Canada generally, and in British Columbia specifically.

                                       6
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The initial steps of exploration can be carried out without permitting or
notification to any government body as it is deemed "low-disturbance/low-impact"
by the British Columbia Department of Energy Mines and Petroleum Resources
(BCDM).

With respect to the mechanized trenching or diamond drilling a plan of operation
will need to be filed with the BCDM. This plan will detail the extent, location
and amount of surface disturbance for the trenching and/or drilling. As the
amount of trenching and drilling (initially) will be limited, the permit should
be issued within 30 days. We will be required to obtain a refundable bond in the
amount of $2,000 - $3,000 (depending on the anticipated amount of disturbance).
The bond is to ensure that we reclaim or repair the disturbance caused by the
trenching and drilling. Usually this reclaiming work entails filling in and
smoothing the surface at trenching sites, clean up and removal of any work
material, and seeding native grass/plants at the site of any disturbance.

In the event that trees larger than 6 inches in diameter need to be cut down, a
permit will need to be obtained from the BC Ministry of Forests. This usually
takes less than 30 days to obtain. We will try to adjust the areas we work at
and trench around larger trees to avoid any disturbance to larger trees. If the
disturbance to larger trees is unavoidable then a permit to cut will be
obtained.

There are nominal costs involved in obtaining the BCDM or Forestry permits (less
than $100.00). The bond required by the BCDM is returned (with interest) upon
proper clean up of the site. There will be costs for the crew and equipment
required to fill in the trenches etc., but as heavy equipment is available
locally, and the amount of disturbance is expected to be minimal, the costs will
be most likely be less than $2,500.

All claims staked in British Columbia require $0.40 per hectare worth of
assessment work to be undertaken in year 1 through 3, followed by $0.80 per
hectare per year thereafter. In order to retain title to the property
exploration work costs must be recorded and filed with the British Columbia
Department of Energy Mines and Petroleum Resources ("BCDM"). The BCDM charges a
filing fee, equal to 10% of the value of the work recorded, to record the work.

PATENTS, TRADEMARKS, FRANCHISES, CONCESSIONS, ROYALTY AGREEMENTS, OR LABOR
CONTRACTS

We have no current plans for any registrations such as patents, trademarks,
copyrights, franchises, concessions, royalty agreements or labor contracts. We
will assess the need for any of these applications on an ongoing basis.

NEED FOR GOVERNMENT APPROVAL FOR ITS PRODUCTS OR SERVICES

We are not required to apply for or have any government approval for our
products or services.

                                       7
<PAGE>
RESEARCH AND DEVELOPMENT COSTS DURING THE LAST TWO YEARS

We have not expended funds for research and development costs since inception.

EMPLOYEES AND EMPLOYMENT AGREEMENTS

Our only employee is our sole officer, Daniel Martinez-Atkinson who currently
devotes 5-7 hours per week to company matters and he will devote as much time as
the board of directors determines is necessary to manage the affairs of the
company. There are no formal employment agreements between the company and our
current employee.

REPORTS TO SECURITIES HOLDERS

We provide an annual report that includes audited financial information to our
shareholders. We make our financial information equally available to any
interested parties or investors through compliance with the disclosure rules of
Regulation S-B for a small business issuer under the Securities Exchange Act of
1934. We are subject to disclosure filing requirements, including filing Form
10K-SB annually and Form 10Q-SB quarterly. In addition, we will file Form 8K and
other proxy and information statements from time to time as required. We do not
intend to voluntarily file the above reports in the event that our obligation to
file such reports is suspended under the Exchange Act. The public may read and
copy any materials that we file with the Securities and Exchange Commission,
("SEC"), at the SEC's Public Reference Room at 100 F Street NE, Washington, DC
20549. The public may obtain information on the operation of the Public
Reference Room by calling the SEC at 1-800-SEC-0330. The SEC maintains an
Internet site (http://www.sec.gov) that contains reports, proxy and information
statements, and other information regarding issuers that file electronically
with the SEC.

RISK FACTORS

WE ARE AN EXPLORATION STAGE COMPANY AND HAVE ONLY RECENTLY COMMENCED EXPLORATION
ACTIVITIES ON OUR CLAIM. WE EXPECT TO INCUR OPERATING LOSSES FOR THE FORESEEABLE
FUTURE.

     We have recently commenced the exploration program on the TG Mineral Claim.
     However, we still have no way to evaluate the likelihood that our business
     will be successful. We were incorporated on June 6, 2006 and to date have
     been involved primarily in organizational activities and the acquisition of
     the mineral claim. We have not earned any revenues. Investors should be
     aware of the difficulties normally encountered by new mineral exploration
     companies and the high rate of failure of such enterprises. The likelihood
     of success must be considered in light of the problems, expenses,
     difficulties, complications and delays encountered in connection with the
     exploration of the mineral properties that we plan to undertake. These

                                       8
<PAGE>
     potential problems include, but are not limited to, unanticipated problems
     relating to exploration, and additional costs and expenses that may exceed
     current estimates. Prior to completion of our exploration stage, we
     anticipate that we will incur increased operating expenses without
     realizing any revenues. We expect to incur significant losses into the
     foreseeable future. We recognize that if we are unable to generate
     significant revenues from development and production of minerals from the
     claim, we will not be able to earn profits or continue operations. There is
     no history upon which to base any assumption as to the likelihood that we
     will prove successful, and it is doubtful that we will generate any
     operating revenues or ever achieve profitable operations. If we are
     unsuccessful in addressing these risks, our business will most likely fail.

OUR INDEPENDENT AUDITOR HAS ISSUED AN AUDIT OPINION FOR DMA MINERALS INC. WHICH
INCLUDES A STATEMENT DESCRIBING OUR GOING CONCERN STATUS. OUR FINANCIAL STATUS
CREATES A DOUBT WHETHER WE WILL CONTINUE AS A GOING CONCERN.

     As described in Note 6 of our accompanying financial statements, our lack
     of operations and any guaranteed sources of future capital create
     substantial doubt as to our ability to continue as a going concern. If our
     business plan does not work, we could remain as a start-up company with
     limited operations and revenues.

BECAUSE MANAGEMENT HAS NO EXPERIENCE IN MINERAL EXPLORATION, OUR BUSINESS HAS A
HIGHER RISK OF FAILURE.

     Our management has no professional training or technical credentials in the
     field of geology. As a result, he may not be able to recognize and take
     advantage of potential acquisition and exploration opportunities in the
     sector without the aid of qualified geological consultants. His decisions
     and choices may not take into account standard engineering or managerial
     approaches mineral exploration companies commonly use. Consequently our
     operations, earnings and ultimate financial success may suffer irreparable
     harm as a result.

THERE IS THE RISK THAT OUR PROPERTY DOES NOT CONTAIN ANY KNOWN BODIES OF ORE
RESULTING IN ANY FUNDS SPENT ON EXPLORATION BEING LOST.

     There is the likelihood of our mineral claim containing little or no
     economic mineralization or reserves of minerals. We have a geological
     report and the claim has been staked per British Columbia regulations.
     However; there is the possibility that our claim does not contain any
     reserves, resulting in any funds spent on exploration being lost.

IF WE DISCOVER COMMERCIAL RESERVES OF PRECIOUS METALS ON OUR MINERAL PROPERTY,
WE CAN PROVIDE NO ASSURANCE THAT WE WILL BE ABLE TO SUCCESSFULLY ADVANCE THE
MINERAL CLAIMS INTO COMMERCIAL PRODUCTION.

                                       9
<PAGE>
     If our exploration program is successful in establishing ore of commercial
     tonnage and grade, we will require additional funds in order to advance the
     claim into commercial production. Obtaining additional financing would be
     subject to a number of factors, including the market price for the
     minerals, investor acceptance of our claims and general market conditions.
     These factors may make the timing, amount, terms or conditions of
     additional financing unavailable to us. The most likely source of future
     funds is through the sale of equity capital. Any sale of share capital will
     result in dilution to existing shareholders. We may be unable to obtain any
     such funds, or to obtain such funds on terms that we consider economically
     feasible and you may lose any investment you make in this offering.

IF ACCESS TO OUR MINERAL CLAIM IS RESTRICTED BY INCLEMENT WEATHER, WE MAY BE
DELAYED IN OUR EXPLORATION AND ANY FUTURE MINING EFFORTS.

     It is possible that snow or rain could cause the mining roads providing
     access to our claim to become impassable. The area where the TG Claim is
     located experiences 20 to 30 inches of precipitation annually of which 25%
     may occur as a snow equivalent. Winters generally last from November
     through March. If the roads are impassable we would be delayed in our
     exploration timetable.

GOVERNMENT REGULATION OR OTHER LEGAL UNCERTAINTIES MAY INCREASE COSTS AND OUR
BUSINESS WILL BE NEGATIVELY AFFECTED.

     There are several governmental regulations that materially restrict mineral
     claim exploration and development. Under Canadian mining law, engaging in
     certain types of exploration requires work permits, the posting of bonds,
     and the performance of remediation work for any physical disturbance to the
     land. While these current laws will not affect our initial exploration
     phase, if we identify exploitable minerals and proceed to excavation
     operations on the claim, we will incur regulatory compliance costs based
     upon the size and scope of our operations. In addition, new regulations
     could increase our costs of doing business and prevent us from exploring
     for and the exploitation of ore deposits. In addition to new laws and
     regulations being adopted, existing laws may be applied to mining that have
     not as yet been applied. These new laws may increase our cost of doing
     business with the result that our financial condition and operating results
     may be harmed.

BECAUSE OUR CURRENT OFFICER AND DIRECTOR HAS OTHER BUSINESS INTERESTS, HE MAY
NOT BE ABLE OR WILLING TO DEVOTE A SUFFICIENT AMOUNT OF TIME TO OUR BUSINESS
OPERATIONS, CAUSING OUR BUSINESS TO FAIL.

     Mr. Daniel Martinez-Atkinson, our sole officer and director of the company,
     currently devotes approximately 5-7 hours per week providing management
     services to us. While he presently possesses adequate time to attend to our
     interests, it is possible that the demands on him from his other
     obligations could increase, with the result that he would no longer be able

                                       10
<PAGE>
     to devote sufficient time to the management of our business. This could
     negatively impact our business development.

IF OUR OFFICER AND DIRECTOR RESIGNS OR DIES WITHOUT HAVING FOUND REPLACEMENTS
OUR OPERATIONS WILL BE SUSPENDED OR CEASE. IF THAT SHOULD OCCUR, YOU COULD LOSE
YOUR INVESTMENT.

     We only have one officer and director. We are entirely dependent upon him
     to conduct our operations. If he should resign or die there will be no one
     to operate the company. If we lose the services of our officer and
     director, and until we find another person to replace him, our operations
     will be suspended or cease entirely. In that event it is possible you could
     lose your entire investment.

ITEM 2. DESCRIPTION OF PROPERTY

We do not currently own any property. We are currently utilizing space at the
residence of our president at Church Barn, 3 Church Lane, Barlby, Selby, England
YO8 5JG. We believe the current premises are sufficient for our needs at this
time.

We currently have no investment policies as they pertain to real estate, real
estate interests or real estate mortgages.

ITEM 3. LEGAL PROCEEDINGS

We are not currently involved in any legal proceedings nor do we have any
knowledge of any threatened litigation.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITIES HOLDERS

No matters were submitted to a vote of security holders during the fiscal year
ended July 31, 2007.

                                     PART II

ITEM 5. MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

Our common stock is currently listed for traded on the OTC Bulletin Board under
the symbol "DMAM". There has been no active trading market.

Of the 2,400,000 shares of common stock outstanding as of July 31, 2007,
1,200,000 shares are owned by Daniel Martinez-Atkinson, our officer and
director, and may only be resold in compliance with Rule 144 of the Securities
Act of 1933.

As of July 31, 2007, we have 2,400,000 Shares of $0.001 par value common stock
issued and outstanding held by 27 shareholders of record.

The stock transfer agent for our securities is Holladay Stock Transfer.

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DIVIDENDS

We have never declared or paid any cash dividends on our common stock. For the
foreseeable future, we intend to retain any earnings to finance the development
and expansion of our business, and we do not anticipate paying any cash
dividends on its common stock. Any future determination to pay dividends will be
at the discretion of the Board of Directors and will be dependent upon then
existing conditions, including our financial condition and results of
operations, capital requirements, contractual restrictions, business prospects,
and other factors that the board of directors considers relevant.

SECTION RULE 15(G) OF THE SECURITIES EXCHANGE ACT OF 1934

The Company's shares are covered by Section 15(g) of the Securities Exchange Act
of 1934, as amended that imposes additional sales practice requirements on
broker/dealers who sell such securities to persons other than established
customers and accredited investors (generally institutions with assets in excess
of $5,000,000 or individuals with net worth in excess of $1,000,000 or annual
income exceeding $200,000 or $300,000 jointly with their spouses). For
transactions covered by the Rule, the broker/dealer must make a special
suitability determination for the purchase and have received the purchaser's
written agreement to the transaction prior to the sale. Consequently, the Rule
may affect the ability of broker/dealers to sell our securities and also may
affect your ability to sell your shares in the secondary market.

Section 15(g) also imposes additional sales practice requirements on
broker/dealers who sell penny securities. These rules require a one page summary
of certain essential items. The items include the risk of investing in penny
stocks in both public offerings and secondary marketing; terms important to in
understanding of the function of the penny stock market, such as "bid" and
"offer" quotes, a dealers "spread" and broker/dealer compensation; the
broker/dealer compensation, the broker/dealers duties to its customers,
including the disclosures required by any other penny stock disclosure rules;
the customers rights and remedies in causes of fraud in penny stock
transactions; and, the NASD's toll free telephone number and the central number
of the North American Administrators Association, for information on the
disciplinary history of broker/dealers and their associated persons.

SECURITIES AUTHORIZED FOR ISSUANCE UNDER EQUITY COMPENSATION PLANS

We do not have any equity compensation plans and accordingly we have no
securities authorized for issuance thereunder.

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SECTION 16(A)

Based solely upon a review of Form 3 and 4 furnished by us under Rule 16a-3(d)
of the Securities Exchange Act of 1934, we are not aware of any individual who
failed to file a required report on a timely basis required by Section 16(a) of
the Securities Exchange Act of 1934.

PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS

There were no shares of common stock or other securities issued to the issuer or
affiliated purchasers during the year ended July 31, 2007.

ITEM 6. PLAN OF OPERATION

RESULTS OF OPERATIONS

We have generated no revenues since inception and have incurred $14,854 in
expenses through July 31, 2007.

The following table provides selected financial data about our company for the
years ended July 31, 2007 and 2006.

             Balance Sheet Data:           7/31/07          7/31/06
             -------------------           -------          -------

             Cash                          $53,146          $ 5,385
             Total assets                  $56,146          $ 5,385
             Total liabilities             $ 5,000          $     0
             Shareholders' equity          $51,146          $ 5,385

Cash provided by financing activities for the year ended July 31, 2007 was
$60,000 resulting from the sale of 1,200,000 shares to 26 independent investors.
Cash provided by financing since inception was $6,000 from the sale of shares to
our officer and director and the $60,000 resulting from the sale of our common
stock to 26 independent investors

PLAN OF OPERATION

The following discussion and analysis should be read in conjunction with our
financial statements and notes thereto included elsewhere in this Form 10-KSB.
Except for the historical information contained herein, the discussion in this
Form 10-KSB contains certain forward-looking statements that involve risks and
uncertainties, such as statements of our plans, objectives, expectations and
intentions. The cautionary statements made in this Form 10-KSB should be read as
being applicable to all related forward-looking statements wherever they appear
in this Form 10-KSB. The Company's actual results could differ materially from
those discussed here.

                                       13
<PAGE>
Our current cash balance is $53,146. If we experience a shortage of funds, our
director has agreed to provide additional funding that will enable us to
maintain a positive cash flow needed to pay for our current level of operating
expenses over the next twelve months. There are no formal commitments or
arrangements with our director to advance or loan funds. There are no terms
regarding repayment of any loan or capital contribution.

Our plan of operation for the twelve months is to complete the three phases of
the exploration program on our claim consisting of detailed prospecting,
mineralization mapping, Magnetometer and VLF electromagnetic, grid controlled
surveys over the areas of interest, induced polarization survey over grid
controlled anomalous areas of interest, hoe or bulldozer trenching, mapping and
sampling of bedrock anomalies. We have paid a $3,000 deposit to the geologist
and he has commenced the exploration program. In addition to the remaining
$47,300 we anticipate spending for Phases 1-3 of the exploration program as
outlined below, we anticipate spending an additional $5,000 on professional
fees, including fees payable in connection with the filing of our registration
statement and complying with reporting obligations, and general administrative
costs. Total expenditures over the next 12 months are therefore expected to be
approximately $52,000.

The following three phase exploration proposal and cost estimate is offered with
the understanding that consecutive phases are contingent upon positive
(encouraging) results being obtained from each preceding phase:

PHASE 1
Detailed prospecting and mineralization mapping, followed by
hand trenching to obtain clean, fresh samples. The estimated
cost for this program is all inclusive                                $ 5,840

PHASE 2
Magnetometer and VLF electromagnetic, grid controlled surveys
over the areas of interest determined by the Phase 1 survey.
Included in this estimated cost is transportation, accommodation,
board, grid installation, two geophysical surveys, maps and report    $10,778

PHASE 3
Induced polarization survey over grid controlled anomalous
areas of interest outlined by Phase 1&2 fieldwork. Hoe or
bulldozer trenching,  mapping and sampling of bedrock anomalies.
Includes assays, detailed maps and reports                            $33,682
                                                                      -------

                                            Estimated Total           $50,300
                                                                      =======

The geologist has commenced Phase 1 of the exploration program on the claim. He
has completed the field work and we expect to have his report in the next one to
two months.

The above program costs are management's estimates based upon the
recommendations of the professional geologist and the actual project costs may
exceed our estimates. Following phase one of the exploration program, if it

                                       14
<PAGE>
proves successful in identifying mineral deposits, we intend to proceed with
phase two of our exploration program. This program will take approximately 12
days to complete and an additional one to two months for the geologist to
receive the results from the assay lab and prepare his report.

Subject to the results of phases 1 and 2 we anticipate commencing with phase 3
in spring or summer of 2008, depending upon the weather and geologist's
availability. We have retained James McLeod, the professional geologist who
prepared the geology report on the TG Mineral Claim, to direct the exploration
program. We will require additional funding to proceed with any subsequent work
on the claim; we have no current plans on how to raise the additional funding.
We cannot provide investors with any assurance that we will be able to raise
sufficient funds to proceed with any work after the first three phases of the
exploration program.

CRITICAL ACCOUNTING POLICIES

The financial statements of the Company have been prepared in accordance with
generally accepted accounting principles in the United States. Because a precise
determination of many assets and liabilities is dependent upon future events,
the preparation of financial statements for a period necessarily involves the
use of estimates which have been made using careful judgment.

The financial statements have, in management's opinion, been properly prepared
within reasonable limits of materiality and within the framework of the
significant accounting policies summarized below:

BASIS OF PRESENTATION

The Company reports revenue and expenses using the accrual method of accounting
for financial and tax reporting purposes. The Company has elected a July 31,
year-end.

USE OF ESTIMATES

Management uses estimates and assumptions in preparing these financial
statements in accordance with generally accepted accounting principles. Those
estimates and assumptions affect the reported amounts of assets and liabilities,
the disclosure of contingent assets and liabilities, and the reported revenues
and expenses.

PRO FORMA COMPENSATION EXPENSE

No stock options have been issued by DMA Minerals, Inc. Accordingly, no pro
forma compensation expense is reported in these financial statements.

                                       15
<PAGE>
MINERAL PROPERTY ACQUISITION AND EXPLORATION COSTS

The Company expenses all costs related to the acquisition and exploration of
mineral properties in which it has secured exploration rights prior to
establishment of proven and probable reserves. To date, the Company has not
established the commercial feasibility of any exploration prospects; therefore,
all costs are being expensed.

DEPRECIATION, AMORTIZATION AND CAPITALIZATION

The Company records depreciation and amortization when appropriate using both
straight-line and declining balance methods over the estimated useful life of
the assets (five to seven years). Expenditures for maintenance and repairs are
charged to expense as incurred. Additions, major renewals and replacements that
increase the property's useful life are capitalized. Property sold or retired,
together with the related accumulated depreciation, is removed from the
appropriate accounts and the resultant gain or loss is included in net income.

INCOME TAXES

The Company accounts for its income taxes in accordance with Statement of
Financial Accounting Standards No. 109, "Accounting for Income Taxes". Under
Statement 109, a liability method is used whereby deferred tax assets and
liabilities are determined based on temporary differences between basis used for
financial reporting and income tax reporting purposes. Income taxes are provided
based on tax rates in effect at the time such temporary differences are expected
to reverse. A valuation allowance is provided for certain deferred tax assets if
it is more likely than not, that the Company will not realize the tax assets
through future operations.

FAIR VALUE OF FINANCIAL INSTRUMENTS

Financial accounting Standards Statement No. 107, "Disclosures About Fair Value
of Financial Instruments", requires the Company to disclose, when reasonably
attainable, the fair market values of its assets and liabilities which are
deemed to be financial instruments. The Company's financial instruments consist
primarily of cash and certain investments.

INVESTMENTS

Investments that are purchased in other companies are valued at cost less any
impairment in the value that is other than temporary in nature.

PER SHARE INFORMATION

The Company computes per share information by dividing the net loss for the
period presented by the weighted average number of shares outstanding during
such period.

                                       16
<PAGE>
ITEM 7. FINANCIAL STATEMENTS.

                               DMA MINERALS, INC.

                                      INDEX

Report of Independent Registered Public Accounting Firm                    18

Financial Statements:

     Balance Sheet - July 31, 2007 and 2006                                19

     Statement of Operations - Years ended July 31, 2007 and 2006
     and June 6, 2006 through July 31, 2007                                20

     Statement of Stockholders' Equity - Years ended July 31, 2007
     and 2006 and June 6, 2006 through July 31, 2007                       21

     Statement of Cash Flows - Years ended July 31, 2007 and 2006
     and June 6, 2006 through July 31, 2007                                22

     Notes to Financial Statements                                         23



                                       17
<PAGE>
                               GEORGE STEWART, CPA
                     2301 SOUTH JACKSON STREET, SUITE 101-G
                            SEATTLE, WASHINGTON 98144
                        (206) 328-8554 FAX(206) 328-0383


             REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors
DMA Minerals, Inc.

I have  audited  the  accompanying  balance  sheet  of  DMA  Minerals,  Inc.  (A
Exploration  Stage  Company)  as of July 31,  2007  and  2006,  and the  related
statement of operations,  stockholders' equity and cash flows for the years then
ended and from June 6,  2006  (inception),  to July 31,  2007.  These  financial
statements are the responsibility of the Company's management. My responsibility
is to express an opinion on these financial statements based on my audit.

I conducted my audit in  accordance  with the  standards  of the Public  Company
Accounting Oversight Board (United States).  Those standards require that I plan
and perform the audit to obtain reasonable assurance about 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.  I believe that my audit provides a reasonable
basis for my opinion.

In my opinion, the financial statements referred to above present fairly, in all
material respects, the financial position of DMA Minerals,  Inc., (A Exploration
Stage  Company) as of July 31, 2007 and 2006,  and the results of its operations
and cash flows for the years then  ended and from June 6, 2006  (inception),  to
July 31, 2007 in conformity with generally accepted accounting principles in the
United States of America.

The accompanying  financial  statements have been prepared  assuming the Company
will  continue as a going  concern.  As discussed  in Note # 6 to the  financial
statements,  the Company has had no operations and has no established  source of
revenue.  This raises substantial doubt about its ability to continue as a going
concern.  Management's plan in regard to these matters is also described in Note
# 6. The financial  statements do not include any adjustments  that might result
from the outcome of this uncertainty.


/s/ George Stewart, CPA
-------------------------------
Seattle, Washington
October 22, 2007

                                       18
<PAGE>
                                DMA MINERALS INC.
                         (An Exploration Stage Company)
                                  Balance Sheet
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                                    As of              As of
                                                                   July 31,           July 31,
                                                                     2007               2006
                                                                   --------           --------
<S>                                                                <C>                <C>
                                     ASSETS

CURRENT ASSETS
  Cash                                                             $ 53,146           $  5,385
  Deposit                                                             3,000                 --
                                                                   --------           --------
TOTAL CURRENT ASSETS                                                 56,146              5,385
                                                                   --------           --------

                                                                   $ 56,146           $  5,385
                                                                   ========           ========

                       LIABILITIES & STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
  Payable to a Director                                            $  5,000           $     --
                                                                   --------           --------
TOTAL CURRENT LIABILITIES                                             5,000                 --

TOTAL LIABILITIES                                                     5,000                 --

STOCKHOLDERS' EQUITY
  Common stock, ($0.001 par value, 75,000,000 shares
   authorized; 2,400,000 and 1,200,000 shares issued
   and outstanding as of July 31, 2007 and July 31, 2006              2,400              1,200
  Additional paid-in capital                                         63,600              4,800
  Deficit accumulated during exploration stage                      (14,854)              (615)
                                                                   --------           --------
TOTAL STOCKHOLDERS' EQUITY                                           51,146              5,385
                                                                   --------           --------

      TOTAL LIABILITIES & STOCKHOLDERS' EQUITY                     $ 56,146           $  5,385
                                                                   ========           ========
</TABLE>


                       See Notes to Financial Statements

                                       19
<PAGE>
                                DMA MINERALS INC.
                         (An Exploration Stage Company)
                             Statement of Operations
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                                                      June 6, 2006
                                                                                      (inception)
                                             Year Ended           Year Ended            through
                                              July 31,             July 31,             July 31,
                                                2007                 2006                 2007
                                             ----------           ----------           ----------
<S>                                          <C>                  <C>                  <C>
REVENUES
  Revenues                                   $      100           $       --           $      100
                                             ----------           ----------           ----------
TOTAL REVENUES                                      100                   --                  100

EXPENSES
  Professional Fees                               6,900                6,900
  General & Administrative Expenses               7,439                  615                8,054
                                             ----------           ----------           ----------
TOTAL EXPENSES                                   14,339                  615               14,954
                                             ----------           ----------           ----------

NET INCOME (LOSS)                            $  (14,239)          $     (615)          $  (14,854)
                                             ==========           ==========           ==========

BASIC EARNINGS PER SHARE                     $     0.01           $     0.00
                                             ==========           ==========
WEIGHTED AVERAGE NUMBER OF
 COMMON SHARES OUTSTANDING                    1,989,041            1,200,000
                                             ==========           ==========
</TABLE>


                       See Notes to Financial Statements

                                       20
<PAGE>
                                DMA MINERALS INC.
                         (An Exploration Stage Company)
                  Statement of Changes in Stockholders' Equity
               From June 6, 2006 (Inception) through July 31, 2007
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                                                        Deficit
                                                                                      Accumulated
                                                          Common      Additional        During
                                            Common        Stock        Paid-in        Exploration
                                             Stock        Amount       Capital           Stage          Total
                                             -----        ------       -------           -----          -----
<S>                                        <C>           <C>           <C>             <C>           <C>
BALANCE, JUNE 6, 2006                           --       $    --       $     --        $     --       $     --

Stock issued for cash on
 June 6, 2006 @ $0.005 per share         1,200,000         1,200          4,800                          6,000

Net loss,  July 31, 2006                                                                   (615)          (615)
                                        ----------       -------       --------        --------       --------

BALANCE, JULY 31, 2006                   1,200,000       $ 1,200       $  4,800        $   (615)      $  5,385
                                        ==========       =======       ========        ========       ========

Stock issued for cash on
 December 4, 2006 @ $0.05 per share      1,200,000         1,200         58,800                         60,000

Net loss, July 31, 2007                                                                 (14,239)       (14,239)
                                        ----------       -------       --------        --------       --------

BALANCE, JULY 31, 2007                   2,400,000       $ 2,400       $ 63,600        $(14,854)      $ 51,146
                                        ==========       =======       ========        ========       ========
</TABLE>

                       See Notes to Financial Statements

                                       21
<PAGE>
                                DMA MINERALS INC.
                         (An Exploration Stage Company)
                             Statement of Cash Flows
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                                                                          June 6, 2006
                                                                                                           (inception)
                                                                      Year Ended         Year Ended          through
                                                                       July 31,           July 31,           July 31,
                                                                         2007               2006               2007
                                                                       --------           --------           --------
<S>                                                                    <C>                <C>                <C>
CASH FLOWS FROM OPERATING ACTIVITIES
  Net income (loss)                                                    $(14,239)          $   (615)          $(14,854)
  Adjustments to reconcile net loss to net cash
   provided by (used in) operating activities:

  Changes in operating assets and liabilities:
     Decrease (Increase) in Deposit                                      (3,000)                --             (3,000)
     Incease (Decrease) in Payable to a Director                          5,000                 --              5,000
                                                                       --------           --------           --------
          NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES           (12,239)              (615)           (12,854)

CASH FLOWS FROM INVESTING ACTIVITIES

          NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES                --                 --                 --

CASH FLOWS FROM FINANCING ACTIVITIES
  Issuance of common stock                                                1,200              1,200              2,400
  Additional paid-in capital                                             58,800              4,800             63,600
                                                                       --------           --------           --------
          NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES            60,000              6,000             66,000
                                                                       --------           --------           --------

NET INCREASE (DECREASE) IN CASH                                          47,761              5,385             53,146

CASH AT BEGINNING OF PERIOD                                               5,385                 --                 --
                                                                       --------           --------           --------

CASH AT END OF YEAR                                                    $ 53,146           $  5,385           $ 53,146
                                                                       ========           ========           ========

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION

Cash paid during year for:
  Interest                                                             $     --           $     --           $     --
                                                                       ========           ========           ========
  Income Taxes                                                         $     --           $     --           $     --
                                                                       ========           ========           ========
</TABLE>


                       See Notes to Financial Statements

                                       22
<PAGE>
                               DMA MINERALS, INC.
                         (AN EXPLORATION STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS
                                  JULY 31, 2007


NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS

DMA Minerals Inc. (the Company) was  incorporated on June 6, 2006 under the laws
of the State of Nevada.  The Company is primarily engaged in the acquisition and
exploration of mining properties.

The Company has been in the  exploration  stage since its  formation and has not
yet  realized  any revenues  from its planned  operations.  Upon the location of
commercially  mineable  reserves,  the  Company  plans to  prepare  for  mineral
extraction and enter the development stage.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

BASIS OF PRESENTATION

The Company  reports revenue and expenses using the accrual method of accounting
for  financial and tax  reporting  purposes.  The Company has elected a July 31,
year-end.

USE OF ESTIMATES

Management   uses  estimates  and   assumptions  in  preparing  these  financial
statements in accordance with generally accepted  accounting  principles.  Those
estimates and assumptions affect the reported amounts of assets and liabilities,
the disclosure of contingent  assets and liabilities,  and the reported revenues
and expenses.

PRO FORMA COMPENSATION EXPENSE

No stock  options have been issued by DMA  Minerals,  Inc.  Accordingly,  no pro
forma compensation expense is reported in these financial statements.

MINERAL PROPERTY ACQUISITION AND EXPLORATION COSTS

The Company  expenses all costs related to the  acquisition  and  exploration of
mineral  properties  in  which  it  has  secured  exploration  rights  prior  to
establishment  of proven and  probable  reserves.  To date,  the Company has not
established the commercial feasibility of any exploration prospects;  therefore,
all costs are being expensed.

DEPRECIATION, AMORTIZATION AND CAPITALIZATION

The Company records  depreciation and amortization  when appropriate  using both
straight-line  and declining  balance methods over the estimated  useful life of
the assets (five to seven years).  Expenditures  for maintenance and repairs are
charged to expense as incurred.  Additions, major renewals and replacements that

                                       23
<PAGE>
                               DMA MINERALS, INC.
                         (AN EXPLORATION STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS
                                  JULY 31, 2007


NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - CONTINUED

increase the property's  useful life are capitalized.  Property sold or retired,
together  with  the  related  accumulated  depreciation,  is  removed  from  the
appropriate accounts and the resultant gain or loss is included in net income.

INCOME TAXES

The Company  accounts  for its income  taxes in  accordance  with  Statement  of
Financial  Accounting  Standards No. 109,  "Accounting for Income Taxes".  Under
Statement  109,  a  liability  method is used  whereby  deferred  tax assets and
liabilities are determined based on temporary differences between basis used for
financial reporting and income tax reporting purposes. Income taxes are provided
based on tax rates in effect at the time such temporary differences are expected
to reverse. A valuation allowance is provided for certain deferred tax assets if
it is more  likely than not,  that the  Company  will not realize the tax assets
through future operations.

FAIR VALUE OF FINANCIAL INSTRUMENTS

Financial accounting Standards Statement No. 107,  "Disclosures About Fair Value
of Financial  Instruments",  requires the Company to disclose,  when  reasonably
attainable,  the fair  market  values of its  assets and  liabilities  which are
deemed to be financial instruments.  The Company's financial instruments consist
primarily of cash and certain investments.

INVESTMENTS

Investments  that are  purchased in other  companies are valued at cost less any
impairment in the value that is other than temporary in nature.

PER SHARE INFORMATION

The Company  computes  per share  information  by dividing  the net loss for the
period  presented by the weighted  average number of shares  outstanding  during
such period.

NOTE 3 - PROVISION FOR INCOME TAXES

The provision for income taxes for the period ended July 31, 2007 represents the
minimum  state  income  tax  expense  of the  Company,  which is not  considered
significant.

NOTE 4 - COMMITMENTS AND CONTINGENCIES

LITIGATION

The Company is not presently involved in any litigation.

                                       24
<PAGE>
                               DMA MINERALS, INC.
                         (AN EXPLORATION STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS
                                  JULY 31, 2007


NOTE 5 - RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS

Recently issued accounting pronouncements will have no significant impact on the
Company and its reporting methods.

NOTE 6 - GOING CONCERN

Future  issuances of the Company's equity or debt securities will be required in
order for the Company to continue to finance its  operations  and  continue as a
going concern. The Company's present revenues are insufficient to meet operating
expenses.

The consolidated financial statements of the Company have been prepared assuming
that the Company will continue as a going  concern,  which  contemplates,  among
other things,  the realization of assets and the  satisfaction of liabilities in
the normal course of business. The Company has incurred cumulative net losses of
$14,854  since  its  inception  and  requires   capital  for  its   contemplated
operational  and marketing  activities to take place.  The Company's  ability to
raise  additional  capital  through  the  future  issuances  of common  stock is
unknown. The obtainment of additional financing,  the successful  development of
the Company's contemplated plan of operations,  and its transition,  ultimately,
to the  attainment  of  profitable  operations  are necessary for the Company to
continue  operations.  The ability to  successfully  resolve these factors raise
substantial  doubt about the Company's  ability to continue as a going  concern.
The  consolidated  financial  statements  of  the  Company  do not  include  any
adjustments   that  may  result  from  the   outcome  of  these   aforementioned
uncertainties.

NOTE 7 - RELATED PARTY TRANSACTIONS

At of July 31,  2007,  a loan  payable  in the  amount of $5,000  was due Daniel
Martinez-Atkinson (a director) of which the loan is non-interest bearing with no
specific repayment terms.

Daniel  Martinez-Atkinson,  the sole officer and director of the Company may, in
the future,  become  involved  in other  business  opportunities  as they become
available,  thus he may face a conflict in selecting between the Company and his
other  business  opportunities.  The Company has not formulated a policy for the
resolution of such conflicts.

NOTE 8 - STOCK TRANSACTIONS

Transactions,  other than  employees'  stock  issuance,  are in accordance  with
paragraph 8 of SFAS 123. Thus issuances shall be accounted for based on the fair
value of the consideration received. Transactions with employees' stock issuance
are in accordance with paragraphs  (16-44) of SFAS 123. These issuances shall be
accounted for based on the fair value of the consideration  received or the fair
value  of  the  equity   instruments   issued,  or  whichever  is  more  readily
determinable.

                                       25
<PAGE>
                               DMA MINERALS, INC.
                         (AN EXPLORATION STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS
                                  JULY 31, 2007


NOTE 8 - STOCK TRANSACTIONS - CONTINUED

On June 6, 2006 the Company  issued a total of 1,200,000  shares of common stock
to one  director  for cash in the  amount  of  $0.005  per  share for a total of
$6,000.

1,200,000  common  shares  were issued to 26  investors  in the  Company's  SB-2
offering for the aggregate sum of $60,000 in cash. The Regulation  SB-2 offering
was declared effective by the Securities and Exchange  Commission on November 8,
2006 and completed on December 4, 2006.

As of July 31, 2007 the Company had 2,400,000  shares of common stock issued and
outstanding.

NOTE 9 - STOCKHOLDERS' EQUITY

The  stockholders'  equity section of the Company contains the following classes
of capital stock as of July 31, 2007:

Common stock, $ 0.001 par value: 75,000,000 shares authorized;  2,400,000 shares
issued and outstanding.

                                       26
<PAGE>
ITEM 8 - CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS AND FINANCIAL DISCLOSURE

None.

ITEM 8A - EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES

Under the supervision and with the participation of our management, including
our principal executive officer and the principal financial officer, we have
conducted an evaluation of the effectiveness of the design and operation of our
disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e)
under the Securities Exchange Act of 1934, as of the end of the period covered
by this report. Based on this evaluation, our principal executive officer and
principal financial officer concluded as of the evaluation date that our
disclosure controls and procedures were effective such that the material
information required to be included in our Securities and Exchange Commission
reports is recorded, processed, summarized and reported within the time periods
specified in SEC rules and forms relating to our company, including any
consolidating subsidiaries, and was made known to us by others within those
entities, particularly during the period when this report was being prepared.

Additionally, there were no significant changes in our internal controls or in
other factors that could significantly affect these controls subsequent to the
evaluation date. We have not identified any significant deficiencies or material
weaknesses in our internal controls, and therefore there were no corrective
actions taken.

                                    PART III

ITEM 9 - DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS

The officer and director of DMA Minerals Inc., whose one year terms will expire
on 07/01/08, or at such a time as his successor(s) shall be elected and
qualified is as follows:

Name & Address             Age   Position      Date First Elected   Term Expires
--------------             ---   --------      ------------------   ------------
Daniel Martinez-Atkinson    24   President,         6/06/06            7/01/08
Church Barn, 3 Church Lane       Secretary,
Barlby, Selby                    Treasurer, CFO,
England YO8 5JG                  CEO & Director

The person named above is a promoter of DMA Minerals Inc., as that term is
defined in the rules and regulations promulgated under the Securities and
Exchange Act of 1933.

Directors are elected to serve until the next annual meeting of stockholders and
until their successors have been elected and qualified. Officers are appointed
to serve until the meeting of the board of directors following the next annual

                                       27
<PAGE>
meeting of stockholders and until their successors have been elected and
qualified.

Daniel Martinez-Atkinson currently devotes 5-7 hours per week to company
matters. After receiving funding per our business plan Mr. Martinez-Atkinson
intends to devote as much time as the board of directors deems necessary to
manage the affairs of the company.

Our officer or director has not been the subject of any order, judgment, or
decree of any court of competent jurisdiction, or any regulatory agency
permanently or temporarily enjoining, barring, suspending or otherwise limiting
him from acting as an investment advisor, underwriter, broker or dealer in the
securities industry, or as an affiliated person, director or employee of an
investment company, bank, savings and loan association, or insurance company or
from engaging in or continuing any conduct or practice in connection with any
such activity or in connection with the purchase or sale of any securities.

Our officer and director has not been convicted in any criminal proceeding
(excluding traffic violations) and is not the subject of a criminal proceeding
which is currently pending.

Resume

DANIEL MARTINEZ-ATKINSON has been President, CEO, Treasurer, CFO, Secretary and
Director of the Company since inception.

EDUCATION

Sept 05 - Sept 06    MA CORPORATE STRATEGY AND GOVERNANCE, University of
                     Nottingham Corporate strategy is concerned with how
                     organizations develop, grow and restructure, usually as a
                     result of environmental changes. Corporate governance is
                     closely liked as it is concerned with who controls a
                     company, the relationship between owners and managers, who
                     takes responsibility for decisions, and executive
                     remuneration levels.

Sept 02 - Jun 05     BSC HONS OPERATIONS MANAGEMENT - First Class
                     Modules focused on information systems, administrative
                     theory, supply chain management, microeconomics, human
                     resources management, finance, managerial accounting,
                     policy, calculus, statistics, project management and
                     management science.

2000 - 2002          REPTON SCHOOL
                     A levels: Business Studies (A), French (A), Spanish (A)
                     As level: General Studies (C)

1999 - 2000          Professional tennis player, based in Malaga, Spain

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<PAGE>
WORK EXPERIENCE

Jul 05 - Aug 05      PLACEMENT (ADMINISTRATIVE ASSISTANT), DAVID LLOYD
                     NOTTINGHAM
                     Liaison with potential and existing customers in order to
                     meet their individual membership requirements. Assisting
                     with payroll, composing letters for CRB (police) checks and
                     maintaining record systems. This experience really gave me
                     an insight into the running of a business in a
                     client-focused environment.

Sept 04 - Sept 05    CONSULTANCY PROJECT, LEW HOAD CAMPO DE TENIS, DISSERTATION
                     Objective was to create a recovery business plan to ensure
                     that the Lew Hoad Campo de Tenis reaches as a minimum a
                     level of financial break even. Involved in reviewing
                     accounts, holding interviews, collating market data,
                     analyzing results and putting justified recommendations
                     forward to the club.

Jun 02 - Sept 05     TENNIS COACH, LEW HOAD CAMPO DE TENIS, MALAGA, SPAIN
                     In sole charge of the organization, promotion and running
                     of the children's summer program which ran for 12 weeks.
                     Roles included budgeting, forecasting, staff recruitment
                     and training, purchasing, organizing staff, events and
                     tournaments and the creation and implementation of a
                     publicity campaign. My greatest development during my time
                     at the club was the substantial improvement of my
                     leadership skills

Jan 02 - Jun 04      BARTENDER, LINCOLN HALL, UNIVERSITY OF NOTTINGHAM

CODE OF ETHICS

Our board of directors adopted our code of ethical conduct that applies to all
of our employees and directors, including our principal executive officer,
principal financial officer, principal accounting officer or controller, and
persons performing similar functions.

We believe the adoption of our Code of Ethical Conduct is consistent with the
requirements of the Sarbanes-Oxley Act of 2002.

Our Code of Ethical Conduct is designed to deter wrongdoing and to promote:

     *    Honest and ethical conduct, including the ethical handling of actual
          or apparent conflicts of interest between personal and professional
          relationships;
     *    Full, fair, accurate, timely and understandable disclosure in reports
          and documents that we file or submit to the Securities & Exchange
          Commission and in other public communications made by us;
     *    Compliance with applicable governmental laws, rules and regulations;

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<PAGE>
     *    The prompt internal reporting to an appropriate person or persons
          identified in the code of violations of our Code of Ethical Conduct;
          and
     *    Accountability for adherence to the Code.

ITEM 10 - EXECUTIVE COMPENSATION

Our current officer receives no compensation. The current Board of Directors is
comprised solely of Daniel Martinez-Atkinson.

                           Summary Compensation Table

<TABLE>
<CAPTION>
                                                 Other
Name &                                           Annual      Restricted                            All Other
Principal                                       Compen-        Stock         Options      LTIP      Compen-
Position         Year    Salary($)   Bonus($)   sation($)    Award(s)($)     SARs(#)   Payouts($)  sation($)
--------         ----    ---------   --------   ---------    -----------     -------   ----------  ---------
<S>             <C>     <C>         <C>        <C>          <C>             <C>        <C>        <C>
D M-Atkinson     2007       -0-        -0-         -0-           -0-           -0-        -0-         -0-
President        2006       -0-        -0-         -0-           -0-           -0-        -0-         -0-
</TABLE>

There are no current employment agreements between the company and its executive
officer.

On June 6, 2006, a total of 1,200,000 shares of common stock were issued to
Daniel Martinez-Atkinson in exchange for cash in the amount of $6,000 U.S., or
$.005 per share.

The terms of these stock issuances were as fair to the company, in the opinion
of the board of directors, as could have been made with an unaffiliated third
party.

Daniel Martinez-Atkinson currently devotes approximately 5-7 hours per week to
manage the affairs of the company. He has agreed to work with no remuneration
until such time as the company receives sufficient revenues necessary to provide
management salaries. At this time, we cannot accurately estimate when sufficient
revenues will occur to implement this compensation, or what the amount of the
compensation will be.

There are no annuity, pension or retirement benefits proposed to be paid to
officers, directors or employees in the event of retirement at normal retirement
date pursuant to any presently existing plan provided or contributed to by the
company or any of its subsidiaries, if any.

ITEM 11 - SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND
          RELATED STOCKHOLDER MATTERS

The following table sets forth information on the ownership of DMA Minerals Inc.
voting securities by officers, directors and major shareholders as well as those

                                       30
<PAGE>
who own beneficially more than five percent of our common stock as of the date
of this prospectus:

          Name of                        No. of            Percentage
     Beneficial Owner (1)                Shares           of Ownership:
     --------------------                ------           -------------

     Daniel Martinez-Atkinson           1,200,000              50%

     Officers and
     Directors as a Group               1,200,000              50%

----------
(1)  The person named may be deemed to be a "parent" and "promoter" of the
     Company, within the meaning of such terms under the Securities Act of 1933,
     as amended.

ITEM 13 - EXHIBITS

The following exhibits are included with this filing:

     Exhibit
     Number                   Description
     ------                   -----------

       3(i)         Articles of Incorporation*
       3(ii)        Bylaws*
      31            Sec. 302 Certification of CEO/CFO
      32            Sec. 906 Certification of CEO/CFO

----------
* Included in our SB-2 filing under Commission File Number 333-138107.

ITEM 14 - PRINCIPAL ACCOUNTANT FEES AND SERVICES

The total fees charged to the company for audit services, including interim
reviews, were $5,400, for audit-related services were $Nil, for tax services
were $Nil and for other services were $Nil during the year ended July 31, 2007.

For the year ended July 31, 2006, the total fees charged to the company for
audit services, including interim reviews, were $Nil, for audit-related services
were $Nil, for tax services were $Nil and for other services were $Nil.

                                       31
<PAGE>
                                   SIGNATURES

In accordance with Section 13 or 15(d) of the Securities Exchange Act, the
registrant caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.



/s/ Daniel Martinez-Atkinson                                    October 29, 2007
---------------------------------------------------------       ----------------
Daniel Martinez-Atkinson, President                                    Date
(Principal Executive Officer, Principal Financial Officer,
Principal Accounting Officer & Sole Director)


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