| (x) | ANNUAL      REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES ACT OF      1934 |
|-----|----------------------------------------------------------------------------------------|

|   | For      the fiscal year ended October 31,2009 |
|--------|------------------------------------------------|

| (      ) | TRANSACTION      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934 |
|----------|-----------------------------------------------------------------------------------------------------|

|   | For      the transaction period      from            to |
|--------|---------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                |
|   | Commission      File Number 333-140170                                                                              |

| MACKENZIE TAYLOR MINERALS    INC.                      |
|--------------------------------------------------------|
| (Exact      name of Registrant as specified incharter) |

| Nevada                                                                                                                                          | 98-0505186                      |
|-------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------|
|              State      or other jurisdiction of incorporation or organization | (I.R.S.      Employee I.D. No.) |

|           Suite      904 – 228 – 26th      Street, S.W.          Calgary,      Alberta, Canada, |  T2S 3C6   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------|
|           (Address of      principal executive offices)                                                                                                       | (Zip      Code) |

|        Registrants’s      telephone number, including area      code            1-250-754-1811 |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Securities      registered pursuant to section 12 (b) of the  Act: |
|--------|--------------------------------------------------------------------|

| Title      of each shareNone                       | Name      of each exchange on which registeredNone                                 |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Securities      registered pursuant to Section 12 (g) of the  Act: |
|--------|--------------------------------------------------------------------|

|   | None |
|--------|------|

|   | (Title      of Class) |
|--------|-----------------------|

----

----

| PART 1          |                                                                                                                         | Page   |
|-----------------|------------------------------------------------------------------------------------------------------------------------------|--------|
|            |                                                                                                                         |   |
| ITEM      1.    | Business.                                                                                                                    | 4      |
|            |                                                                                                                         |   |
| ITEM      1A.   | Risk      Factors.                                                                                                           | 5      |
|            |                                                                                                                         |   |
| ITEM      1B.   | Unresolved      Staff Comments.                                                                                              | 7      |
|            |                                                                                                                         |   |
| ITEM      2.    | Properties.                                                                                                                  | 7      |
|            |                                                                                                                         |   |
| ITEM      3.    | Legal      Proceedings.                                                                                                      | 10     |
|            |                                                                                                                         |   |
| ITEM      4.    | Submission      of Matters to Vote of Securities Holders                                                                     | 10     |
|            |                                                                                                                         |   |
| PART II         |                                                                                                                         |   |
|            |                                                                                                                         |   |
| ITEM      5.    | Market      for Registrant’s Common Equity, Related Stockholder Matters and Issuer      Purchase of Equity Securities. | 10     |
|            |                                                                                                                         |   |
| ITEM      6     | Selected      Financial Information.                                                                                         | 10     |
|            |                                                                                                                         |   |
| ITEM      7.    | Management’s      Discussion and Analysis of Financial Conditions and Results of      Operations.                      | 11     |
|            |                                                                                                                         |   |
| ITEM      7A.   | Quantitative      and Qualitative Disclosure about Market Risk.                                                              | 14     |
|            |                                                                                                                         |   |
| ITEM      8.    | Financial      Statement and Supplementary Data.                                                                             | 15     |
|            |                                                                                                                         |   |
| ITEM      9.    | Changes      in and Disagreements with Accountants on Accounting and Financial      Disclosure.                              | 15     |
|            |                                                                                                                         |   |
| ITEM      9A    | Controls      and Procedures.                                                                                                | 15     |
|            |                                                                                                                         |   |
| ITEM      9A(T) | Controls      and Procedures                                                                                                 | 16     |
|            |                                                                                                                         |   |
| ITEM      9B    | Other      information                                                                                                       | 16     |
|            |                                                                                                                         |   |
| PART III        |                                                                                                                         |   |
|            |                                                                                                                         |   |
| ITEM      10.   | Directors,      Executive Officers and Corporate Governance.                                                                 | 16     |
|            |                                                                                                                         |   |
| ITEM      11.   | Executive      Compensation.                                                                                                 | 18     |
|            |                                                                                                                         |   |
| ITEM      12.   | Security      Ownership of Certain Beneficial Owners and Management and Related      Stockholder Matters.                    | 20     |
|            |                                                                                                                         |   |
| ITEM      13.   | Certain      Relationships and Related Transactions, and Director      Independence.                                         | 21     |
|            |                                                                                                                         |   |
| ITEM      14    | Principal      Accounting Fees and Services.                                                                                 | 21     |
|            |                                                                                                                         |   |
| PART IV         |                                                                                                                         |   |
|            |                                                                                                                         |   |
| ITEM      15.   | Exhibits,      Financial Statement Schedules                                                                                 | 22     |
|            |                                                                                                                         |   |
|            | SIGNATURES                                                                                                                   | 24     |

----

|   | ITEM      1.  BUSINESS |
|--------|----------------------------------|

----

----

----

| Tenure525990 | Claim NameGold      Charm Two | Date of RecordingJan.      21, 2006 | Date of ExpirationDecember      2, 2010 |
|--------------|-------------------------------|-------------------------------------|-----------------------------------------|

----

----

| 1. |   | Health      and Safety    |
|----|--------|---------------------------|
| 2. |   | Archaeological      Sites |
| 3. |   | Exploration      Access   |

----

| ITEM      3. | LEGAL      PROCEEDINGS |
|--------------|------------------------|

| ITEM      4. | SUBMISSION      OF MATTERS TO A VOTE OF SECURITIESHOLDERS |
|--------------|-----------------------------------------------------------|

|   | PART      II |
|--------|--------------|

| ITEM      5. | MARKET      FOR REGISTRANTS COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER      PURCHASE OF EQUITY SECURITIES |
|--------------|----------------------------------------------------------------------------------------------------------------------|

|                                               |  For      the yearendedOctober 31, 2009                   | January      23, 2006(date      of incorporation) toOctober 31, 2009       |
|----------------------------------------------------|----------------------------------------------------------------|----------------------------------------------------------------------------|
|                                               |                                                           |                                                                       |
| Revenue                                            | $          - | $            - |
| Exploration      expenses                          | -                                                              | 18,683                                                                     |
| General      and Administration                    | 29,105                                                         | 159,914                                                                    |
| Net      loss                                      | 29,105                                                         | 178,596                                                                    |
|                                               |                                                           |                                                                       |
| Weighted      average shares outstanding (basic)   | 113,310,000                                                    |                                                                       |
| Weighted      average shares outstanding (diluted) | 113,310,000                                                    |                                                                       |
| Net      loss per share (basic)                    | $      (0.00)                                                  |                                                                       |
| Net      loss per share (diluted)                  | $      (0.00)                                                  |                                                                       |

----

| Cash      and cash equivalent             | $   5,082     |   |
|-------------------------------------------|--------------------------------------------------|--------|
| Total      assets                         | 5,082                                            |   |
| Total      liabilities                    | 141,828                                          |   |
| Total      Shareholders’ deficiency | (136,746)                                        |   |

|   | ITEM      7.      MANAGEMENT’S DISCUSSION AND ANALYSIS      OF FINANCIAL CONDITIONS AND RESULTS OF  OPERATIONS |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

| Expenditure                                                                     |   | Amount                                                                                                                |
|---------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------------------------------------------------|
|                                                                            |   |                                                                                                                  |
| Accounting      and audit                                                       | i      |          $     9,250                            |
| Bank      charges                                                               |   |                    124 |
| Edgar      filings                                                              | ii     |                 700                   |
| Management      fees                                                            | iii    |                 12,000                |
| Office                                                                          | iv     |                 531                   |
| Rent                                                                            | v      |                 3,600                 |
| Transfer      agent's fees                                                      | vi     |                 2,900                 |
|           Total      expenses |   |         $  29,105                                                   |

| i.   | Mackenzie      spent $5,250 for internal accounting services to prepare working papers      for submission to the independent accountants.  The fees paid to      the independent accountants were $4,000 for the review of the quarterly      financial statements and the examination of the year end financial      statements. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ii | Mackenzie      has incurred certain edgarzing expenses during the year for filing its      various Forms 10-Q and 10-K with theSEC. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------|

|   | iii. | Mackenzie      pays its Secretary Treasurer $1,000 for services rendered to it by      her. |
|--------|------|---------------------------------------------------------------------------------------------|

|   | iv. | Office      expenses of $531 were mainly courier, faxing, printing, photocopying and      various office supplies. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------|

|   | v. | Mackenzie      does not have its own office premises but used the residence of its      Secretary Treasurer at a cost of $300 permonth. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------|

|   | vi. | During      the year, Mackenzie issued share certificates via its transfer agent, paid      the State of Nevada its annual fee in the amount of $375 to maintain it in      good standing and various other services such as confirmation with      Mackenzie’s auditors. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  Expenditures                                                |   | RequirementsForTwelve      Months                                           | Current      AccountsPayable                                                    | Required      Funds      forTwelve  Months            |
|-------------------------------------------------------------------|--------|-----------------------------------------------------------------------------|---------------------------------------------------------------------------------|-----------------------------------------------------------------|
|                                                              |   |                                                                        |                                                                            |                                                            |
| Accounting      and audit                                         | 1      |     $   9,250                            | $  22,175                                                             |  $  31,425                                       |
| Bank      charges                                                 |   |             120 |              - |           120 |
| Edgar      filing fees                                            | 2      |          700                   |       -                                           |        700                   |
| Filing      fees                                                  | 3      |            375       |            -             |          375       |
| Management      fees                                              | 4      | 12,000                                                                      | -                                                                               | 12,000                                                          |
| Office                                                            | 5      |          1,000                 |      3,024                                             |        4,024                 |
| Rent                                                              | 6      | 3,600                                                                       | -                                                                               | 3,600                                                           |
| Transfer      agent's fees                                        | 7      |           2,000           |          -                         |      2,000                             |
|        Estimated      expenses |   |    $  29,045                                       | $      25,199                                                                   | $   54,244                                       |

----

| Filings                              | Accountant                                                                                                  | Auditors                                                                                            | Total                                                                               |
|--------------------------------------|-------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------|
|                                 |                                                                                                        |                                                                                                |                                                                                |
| Form      10-Q – Jan. 31, 2010 |       $     1,250                                    |    $           500            |   $         1,750            |
| Form      10-Q - April 30, 2010      |                  1,250 |                 500 |              1,750 |
| Form      10-Q – July 31, 2010 |                  1,250 |                 500 |              1,750 |
| Form      10-K – Oct, 31, 2010 |               1,500                        |              2,500                 |              4,000 |
|                                 |                                                                                                        |                                                                                                |                                                                                |
|                                 |      $    5,250                                                     |   $         4,000                                 |   $       9,250                        |

|   |       2.     Edgar      filing fees comprise the cost of filing the various Forms 10-K and      10-Q on Edgar.  It is estimated the cost for each of the      Form 10-Qs will be $150 and the cost of filing the 10-K will be      $250. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   |
|--------|--------|

|   |      3.      Filing      fees for the State of Nevada is estimated at $375 per year based on the      current year’s charges. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   |           4.      Mackenzie pays its Secretary Treasurer $1,000      per month. |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------|

|   |      5.      Relates      to photocopying, courier, faxing, printing and general office      supplies. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |            6.           Mackenzie compensates its Secretary Treasurer $300 per      month for the use of her    personal residence as an      office. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |      7.      Each      year Mackenzie is charged a fee of $500 by its transfer agent to act on      its behalf and estimates a further fee of $1,500 for various other      services to be performed by the transfer agent during the forthcoming      year. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ITEM      7A.       QUANTITATIVE AND QUALITATIVE      DISCLOSURE ABOUTMARKET   RISK |
|--------|---------------------------------------------------------------------------------------------------------------------------------------|

| ● | our      variations in our operations results, either quarterly or      annually;                                           |
|---------|-----------------------------------------------------------------------------------------------------------------------------|
|    |                                                                                                                        |
| ● | trading      patterns and share prices in other exploration companies which our      shareholders consider similar to ours; |
|    |                                                                                                                        |
| ● | the      exploration results on the new mineral property to be acquired,      and                                           |
|    |                                                                                                                        |
| ● | other      events which we have no controlover.                                                                             |

----

|   | ITEM      9.   CHANGES IN AND DISAGREEMENT WITH ACCOUNTANTS ON      ACCOUNTING AND FINANCIAL DISCLOSURE |
|--------|------------------------------------------------------------------------------------------------------------------------|

| ● | designed      to ensure disclosure of information that is required to be disclosed in      the reports that Mackenzie files or submits under the Exchange      Act; |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ● | recorded,      processed, summarized and reported with the time period required by the      SEC’s rules and forms; and |
|---------|------------------------------------------------------------------------------------------------------------------------------|

| ● | accumulated      and communicated to management to allow them to make timely decisions      about the required disclosures. |
|---------|-----------------------------------------------------------------------------------------------------------------------------|

----

|  ● | As      at October 31, 2009, Mackenzie did not have an audit committee which      complies to the requirements of an audit committee since it did not have      an independent “financial expert” on the committee.  Even though      it has a Code of Ethics it does not emphasize fraud and methods to avoid      it.   Due to the small size of Mackenzie a whistleblower      policy is not necessary. |
|---------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ● | Due      to a significant number and magnitude of out-of-period adjustments      identified during the year-end closing process, management has concluded      that the controls over the period-end financial reporting process were not      operating effectively.   A material weakness in the      period-end financial reporting process could result in Mackenzie not been      able to meet its regulatory filing deadlines and, if not remedied, has the      potential to cause a material misstatement or to miss a filing deadline in      the future.   Management override of existing controls is      possible given the small size of the organization and lack of      personnel. |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ● | There      is no system in place to review and monitor internal control over      financial reporting.  This is due to Mackenzie maintaining an      insufficient complement of personal to carry out ongoing monitoring      responsibilities and ensure effective internal control over financial      reporting. |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ITEM      9A(T) | CONTROLS      AND PROCEDURES |
|-----------------|------------------------------|

| ITEM      10. | DIRECTORS,      EXECUTIVE OFFICERS AND CORPORATEGOVERNANCE |
|---------------|------------------------------------------------------------|

----

| Name                                    | Age    |       Position      Held               | Term      as Director Since |
|-----------------------------------------|--------|-----------------------------------------------------------------|-----------------------------|
|                                    |   |                                                            |                        |
|  Terry      Stimpson               | 59     |       President      and Director | 2006                        |
|                                    |   |                                                            |                        |
|   Kendall      O’ Leary | 47     |       Secretary      Treasurer    | 2006                        |

----

| (1) | filed      a petition under the federal bankruptcy laws or any state insolvency law,      nor had a receiver, fiscal agent or similar officer appointed by the court      for the business or property of such person, or any partnership in which      he was a general partner at or within two years before the time of such      filings; |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | was      convicted in a criminal proceeding or named subject of a pending criminal      proceeding (excluding traffic violations and other minor      offenses); |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | was      the subject of any order, judgment or decree, not subsequently reversed,      suspended or vacated, of any court of competent jurisdiction, permanently      or temporarily enjoining him from or otherwise limiting, the following      activities: |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (i) | acting      as a futures commission merchant, introducing broker, commodity trading      advisor, commodity pool operator, floor broker, leverage transaction      merchant, associated person of any of the foregoing, or as an investment      advisor, underwriter, broker or dealer in securities, or as an affiliate      person, director or employee of any investment company, or engaging in or      continuing any conduct or practice in connection with such      activity; |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iii) | engaging      in any activities in connection with the purchase or sale of any security      or commodity or in connection with any violation of federal or state      securities laws or federal commoditieslaws; |
|--------|-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4) | was      the subject of any order, judgment, or decree, not subsequently reversed,      suspended, or vacated, of any federal or state authority barring,      suspending or otherwise limiting for more than 60 days the right of such      person to engage in any activity described above under this Item, or to be      associated with persons engaged in any such  activities; |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (5) | was      found by a court of competent jurisdiction in a civil action or by the      Securities and Exchange Commission to have violated any federal or state      securities law, and the judgment in such civil action or finding by the      Securities and Exchange Commission has not been subsequently reversed,      suspended, or vacated. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (6)   | was      found by a court of competent jurisdiction in a civil action or by the      Commodity Futures Trading Commission to have violated any federal      commodities law, and the judgment in such civil action or finding by the      Commodity Futures Trading Commission has not been subsequently reversed,      suspended or vacated. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| (a)                                                                                                                         | (b)                    | (c)                      | (e)                             | (f)                                  | (g)                        | (h)                              | (i)                                 |
|-----------------------------------------------------------------------------------------------------------------------------|------------------------|--------------------------|---------------------------------|--------------------------------------|----------------------------|----------------------------------|-------------------------------------|
|   Name      and Principalposition                                                                                 |    Year |    Salary |  Otherannual      Comp.($) |  Restrictedstock      awards($) |   Options/SAR(#) |   LTIP      payouts($) |  All      othercompensation($) |
|                                                                                                                        |                   |                     |                            |                                 |                       |                             |                                |
| Terry      StimpsonChief      ExecutiveOfficer,      Presidentand      Director                                             | 2006200720082009       | 2,00024,00012,941-0-     | -0--0--0--0-                    | -0--0--0--0-                         | -0--0--0--0-               | -0--0--0--0-                     | -0--0--0--0-                        |
|                                                                                                                        |                   |                     |                            |                                 |                       |                             |                                |
| Kendall      O’LearyChief      Financial Officer,Chief      Accounting Officer, Secretary Treasurer and      Director | 2006200720082009       | 1,00012,00012,00012,000  | -0--0--0--0-                    | -0--0--0--0-                         | -0--0--0--0-               | -0--0--0--0-                     | -0--0--0--0-                        |

----

| ITEM      12. | SECURITY      OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED      STOCKHOLDER MATTERS. |
|---------------|-----------------------------------------------------------------------------------------------------------|

|  Title      of Class |  Name      and Address of Beneficial Owner[1]                                                       |  Amount      and Nature of Beneficial Ownership | Percent      of Class on      the Date of thisForm      10-K |
|---------------------------|----------------------------------------------------------------------------------------------------------|------------------------------------------------------|--------------------------------------------------------------|
|                      |                                                                                                     |                                                 |                                                         |
| Common                    | Terry      Stimpson5651      Quentin StreetCalgary,      Alberta, Canada      T2T 6J1                    | 60,000,000                                           | 52.9%                                                        |
|                      |                                                                                                     |                                                 |                                                         |
| Common                    | Kendall      O’Leary228  26th      Avenue S.W.Calgary,      Alberta, Canada      T2S 3C6 | 30,000,000                                           | 26.5%                                                        |
|                      |                                                                                                     |                                                 |                                                         |
| Common                    | Directors      and Officers      as aGroup                                                               | 90,000,000                                           | 79.4%                                                        |

----

|   | ITEM      13.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND      DIRECTOR INDEPENDENCE |
|--------|---------------------------------------------------------------------------------------------------------|

----

| 1.1 | Certificate      of Incorporation (incorporated by reference from Mackenzie’s Registration      Statement on Form 10-SB filed on January 24,  2007) |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.2 | Articles      of Incorporation (incorporated by reference from Mackenzie’s Registration      Statement on Form 10-SB filed on January 24,  2007) |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.3 | By-laws      (incorporated by reference from Mackenzie’s Registration Statement on Form      10-SB filed on January 24, 2007) |
|-----|-------------------------------------------------------------------------------------------------------------------------------------|

----

| Title of Document                                                                                                                                                     | Page   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                                                  |   |
| Report      of Madsen & Associates, CPA’s Inc.                                                                                                              | 25     |
|                                                                                                                                                                  |   |
| Balance      Sheet as at October 31, 2009 and 2008                                                                                                                    | 26     |
|                                                                                                                                                                  |   |
| Statement      of Operations for the years ended October 31, 2009 and 2008 and for the      period from January 23, 2006 (Date of Inception) to October 31,      2009 | 27     |
|                                                                                                                                                                  |   |
| Statement      in Changes in Stockholders’ Equity for the period from January 23, 2006      (Date of Inception) to October 31, 2009                             | 28     |
|                                                                                                                                                                  |   |
| Statement      of Cash Flows for the years ended October 31, 2009 and 2008 and for the      period from January 23, 2006 (Date of Inception) to October 31,      2009 | 29     |
|                                                                                                                                                                  |   |
| Notes      to the Financial Statements                                                                                                                                | 30     |

----

|   | By:   KENDALL      O’LEARY |
|--------|-------------------------------------------------|

|   | Kendall      O’Leary |
|--------|----------------------------|

|   | Chief      Accounting Officer, |
|--------|--------------------------------|

|   | Chief      Financial Officer and Director |
|--------|-------------------------------------------|

----

| MADSEN & ASSOCIATES, CPA’s      INC.                   | 684      East Vine Street, #3 |
|------------------------------------------------------------------|-------------------------------|
| Certified      Public Accountants and Business Consultants Board | Murray,      Utah, 84107      |
|                                                             | Telephone:      801-268-2632  |
|                                                             | Fax:      801-262-3978        |

----

|   | Balance      Sheets |
|--------|---------------------|

|                                                                                                         | October      31, 2009                | October      31, 2008                            |
|--------------------------------------------------------------------------------------------------------------|--------------------------------------|--------------------------------------------------|
| Assets                                                                                                       |                                 |                                             |
|                                                                                                         |                                 |                                             |
| Current      assets:                                                                                         |                                 |                                             |
|                                                                                                         |                                 |                                             |
| Cash                                                                                                         | $     5,082 | $       3,256 |
|                                                                                                         |                                 |                                             |
| Total Current    Assets                                                                                      | $  5,082                   | $      3,256       |
|                                                                                                         |                                 |                                             |
| Liabilities and Shareholders’      Deficiency                                                          |                                 |                                             |
|                                                                                                         |                                 |                                             |
| Current      liabilities:                                                                                    |                                 |                                             |
|                                                                                                         |                                 |                                             |
| Accounts payable and accrued      liabilities                                                                | $  25,199                  | $    18,017                  |
| Indebtedness to related parties      (Note 4)                                                                | 116,629                              |   92,880                               |
| Total current      liabilities                                                                               | 141,828                              | 110,897                                          |
|                                                                                                         |                                 |                                             |
| Shareholders’      deficiency                                                                          |                                 |                                             |
|                                                                                                         |                                 |                                             |
| 500,000,000 common shares      authorized, at $0.001 par value113,310,000 shares issued and      outstanding |  113,310                        |  113,310                                    |
| Capital in excess of par      value                                                                          | (71,460)                             | (71,460)                                         |
| Deficit accumulated during the      pre-exploration stage                                                    | (178,596)                            | (149,491)                                        |
|                                                                                                         |                                 |                                             |
| Total Shareholders’      Deficiency                                                                    | (136,746)                            | (107,641)                                        |
|                                                                                                         |                                 |                                             |
|                                                                                                         | $   5,082             | $      3,256       |

----

|   | Statement      of Operations |
|--------|------------------------------|

|                            |  October      31, 2009                                                            |  October      31, 2008                                                            | January      23, 2006to      October 31, 2009                                                            |
|---------------------------------|----------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------|
|                            |                                                                                   |                                                                                   |                                                                                                     |
| REVENUES                        | $              - | $              - |  $                - |
|                            |                                                                                   |                                                                                   |                                                                                                     |
| EXPENSES                        |                                                                                   |                                                                                   |                                                                                                     |
|                            |                                                                                   |                                                                                   |                                                                                                     |
| Exploration      costs          | -                                                                                      | -                                                                                      | 18,682                                                                                                   |
| Administrative                  | 29,105                                                                                 | 48,476                                                                                 | 159,914                                                                                                  |
|                            |                                                                                   |                                                                                   |                                                                                                     |
| NET      LOSS FROM OPERATIONS   | $   (29,105)                                                            | $  (48,476)                                                                  | $  (178,596)                                                                                   |
|                            |                                                                                   |                                                                                   |                                                                                                     |
| NET      LOSS PER COMMON SHARE  |                                                                                   |                                                                                   |                                                                                                     |
|                            |                                                                                   |                                                                                   |                                                                                                     |
| Basic      and diluted          | $  (0.00)                                                                    | $      (0.00)                                            |                                                                                                     |
|                            |                                                                                   |                                                                                   |                                                                                                     |
| AVERAGE      OUTSTANDING SHARES |                                                                                   |                                                                                   |                                                                                                     |
|                            |                                                                                   |                                                                                   |                                                                                                     |
| Basic                           | 113,310,000                                                                            | 113,310,000                                                                            |                                                                                                     |

----

|                                                                                    |       CommonShares                                                                                            | StockAmount                                                                                                               | Capital      in Excess      ofPar Value                                                                 |  Accumulated Deficit                                                                                                  |
|-----------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------|
|                                                                                    |                                                                                                                                        |                                                                                                                      |                                                                                                    |                                                                                                                            |
| Balance January 23,      2006                                                           |                       -       |    $             -                        |   $             -            |   $                -                  |
|                                                                                    |                                                                                                                                        |                                                                                                                      |                                                                                                    |                                                                                                                            |
| Issuance      of common shares for cash                                                 |       90,000,000                                                                                              |           90,000                                                        |       (87,000)                                                            |                           - |
|                                                                                    |                                                                                                                                        |                                                                                                                      |                                                                                                    |                                                                                                                            |
| Net      operating loss for the nine  months ended      October 31, 2006 |                        - |                    -       |                  - |             (16,608)                                                |
|                                                                                    |                                                                                                                                        |                                                                                                                      |                                                                                                    |                                                                                                                            |
| Issuance      of common shares for cash                                                 |       23,310,000                                                                                              |           23,310                                                        |         15,540                                                  |                     -       |
|                                                                                    |                                                                                                                                        |                                                                                                                      |                                                                                                    |                                                                                                                            |
| Net      operating loss for the year ended October      31, 2007                   |                      -             |                    -       |                  - |             (84,407)                                                |
|                                                                                    |                                                                                                                                        |                                                                                                                      |                                                                                                    |                                                                                                                            |
| Net      operating loss for the year ended October      31, 2008                   |                      -             |                    -       |                  - |             (48,476)                                                |
|                                                                                    |                                                                                                                                        |                                                                                                                      |                                                                                                    |                                                                                                                            |
| Net      operating loss for the year ended October      31, 2009                   |                      -             |                     - |                  - |             (29,105)                                                |
|                                                                                    |                                                                                                                                        |                                                                                                                      |                                                                                                    |                                                                                                                            |
| Balance      as at October 31, 2009                                                     |    113,310,000                                                                                                               |    $   113,310                                                                              |   $  (71,460)                                                                       |    $     (178,596)                                                                      |

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|                                                                                           |   October      31, 2009                                                                                                           |   October      31, 2008                                         | January      23, 2006(date      of inception)to      October 31,      2009 |
|------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------|----------------------------------------------------------------------------|
| CASH      FLOWS FROM OPERATING      ACTIVITIES:                                                |                                                                                                                                        |                                                                      |                                                                       |
|                                                                                           |                                                                                                                                        |                                                                      |                                                                       |
| Net      loss                                                                                  | $  (29,105)                                                                                                                       | $  (48,476)                                                     |   $      (178,596)                                               |
|                                                                                           |                                                                                                                                        |                                                                      |                                                                       |
| Adjustments      to reconcile net loss to net      cash provided by operating      activities: |                                                                                                                                        |                                                                      |                                                                       |
|                                                                                           |                                                                                                                                        |                                                                      |                                                                       |
| Increase      in prepaid expenses                                                              | -                                                                                                                                           | 1,500                                                                     | -                                                                          |
| Changes      in accounts payable                                                               | 7,182                                                                                                                                       | 7,364                                                                     | 25,199                                                                     |
|                                                                                           |                                                                                                                                        |                                                                      |                                                                       |
| Net      Cash  Provided (Used) in Operations                                         | (21,923)                                                                                                                                    | (39,612)                                                                  | (153,397)                                                                  |
|                                                                                           |                                                                                                                                        |                                                                      |                                                                       |
| CASH      FLOWS FROM INVESTING      ACTIVITIES:                                                |            -                                                                         |             - |           -              |
|                                                                                           |                                                                                                                                        |                                                                      |                                                                       |
| CASH      FLOWS FROM FINANCING ACTIVITIES                                                      |                                                                                                                                        |                                                                      |                                                                       |
|                                                                                           |                                                                                                                                        |                                                                      |                                                                       |
| Proceeds from loan from related      party                                                     | 23,749                                                                                                                                      | 33,288                                                                    | 116,629                                                                    |
| Proceeds from issuance of      common      stock                                               |                        - |            -       |  41,850                                                               |
|                                                                                           | 23,749                                                                                                                                      | 33,288                                                                    | 158,479                                                                    |
|                                                                                           |                                                                                                                                        |                                                                      |                                                                       |
| Net      Increase (Decrease) in Cash                                                           | 1,826                                                                                                                                       | (6,324)                                                                   | 5,082                                                                      |
|                                                                                           |                                                                                                                                        |                                                                      |                                                                       |
| Cash      at Beginning of Year                                                                 | 3,256                                                                                                                                       |   9,580                                                         |           -              |
|                                                                                           |                                                                                                                                        |                                                                      |                                                                       |
| CASH      AT END OF YEAR                                                                       | $     5,082                                                                                                        | $      3,256                                | $     5,082                                       |

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|   | Basic and Diluted Net      Income (loss) Per Share |
|--------|----------------------------------------------------|

|   | Basic      net income (loss) per share amounts are computed based on the weighted      average number of shares actually outstanding.   Diluted      net income (loss) per share amounts are computed using the weighted      average number of common and common equivalent shares outstanding as if      shares had been issued on the exercise of the common share rights unless      the exercise becomes antidulutive and then only the basic per share      amounts are shown in the report. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | The      carrying amounts of financial instruments are considered by management to      be their fair value due to their short term  maturities. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Statement of Cash      Flows |
|--------|------------------------------|

|   | For      the purposes of the statement of cash flows, the Company considers all      highly liquid investments with a maturity of three months or less to be      cash equivalents. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Environmental      Requirements |
|--------|---------------------------------|

|   | At      the report date environmental requirements related to the mineral claim      acquired are unknown and therefore any estimate of any future cost cannot      be made. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | MACKENZIE      TAYLOR MINERALS INC. |
|--------|-------------------------------------|

|   | The      Company acquired three mineral claims, known as the Gold Charms Two,      situated in British Columbia, with an expiration date of December 2, 2010.      The claims may be extended yearly by the payment of $184 Cdn (US $167) or      the completion of work on the property of $184 Cdn. ($167) plus a filing      fee.   On the date of this report the Company had not      established the existence of a commercially minable ore deposit on the      claims. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | On      June 11, 2008, the shareholders of the Company approved a 30 to 1 forward      stock split which became effective on that date, resulting in an increase      of the outstanding shares of common stock from 3,777,000 to      113,310,000.  The 113,310,000 post split common shares are shown      as split from the date ofinception. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6. | GOING      CONCERN |
|----|--------------------|

|   | The      Company will need additional working capital to service its debt and to      develop the mineral claims acquired, which raises substantial doubt about      its ability to continue as a going concern.   Continuation      of the Company as a going concern is dependent upon obtaining additional      working capital and the management of the Company has developed a      strategy, which it believes will accomplish this objective through      additional equity funding, and long term financing, which will enable the      Company to operate for the comingyear. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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