UNITED
STATES


SECURITIES
AND EXCHANGE COMMISSION


WASHINGTON,
D.C. 20549





FORM
10-K





[X]
            ANNUAL
      REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
      1934For
      the fiscal year ended  March 31,
2009[  ]
            TRANSITION
      REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
      ACTFor
      the transition period from _________ to ________Commission
      file number:333-150692





Western Ridge
      Minerals, Inc.(Exact
      name of registrant as specified in its charter)Nevada
            n/a(State
      or other jurisdiction of incorporation or organization)
            (I.R.S.
      Employer Identification No.)#404,
      10153 – 117thStreet,
      Edmonton, Alberta, Canada
            T5K
      1X5(Address
      of principal executive offices)
            (Zip
      Code)




Registrant’s
      telephone number:  (780)
      906-5189Securities
      registered under Section 12(b) of the Exchange Act:Title
      of each class
            Name
      of each exchange on which registerednone
            not
      applicableSecurities
      registered under Section 12(g) of the Exchange Act:Title
      of each class
            Name
      of each exchange on which registeredCommon Stock, par
      value $0.001
            not
      applicable





Indicate
by check mark if the registrant is a well-known seasoned issuer, as defined in
Rule 405 of the Securities Act.  Yes
[  ]       No
[X]





Indicate
by check mark if the registrant is not required to file reports pursuant to
Section 13 or Section 15(d) of the Act. Yes
[  ]       No
[X]





Check
whether the Issuer (1) filed all reports required to be filed by Section 13 or
15(d) of the Securities 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.  Yes
[X]       No
[   ]





Indicate
by check mark if disclosure of delinquent filers pursuant to Item 405 of
Regulation S-K (§ 229.405 of this chapter) is not contained herein, and will not
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-K
or any amendment to this Form 10-K. Yes
[  ]     No [X]





Indicate
by check mark whether the registrant is a large accelerated filer, an
accelerated filer, a non-accelerated filer, or a smaller reporting company. See
the definitions of “large accelerated filer,” “accelerated filer” and “smaller
reporting company” in Rule 12b-2 of the Exchange Act.





Large
accelerated filer [  ] Accelerated filer [  ]
Non-accelerated filer [  ] Smaller reporting company [X]





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





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
last sold, or the average bid and asked price of such common equity, as of the
last business day of the registrant’s most recently completed second fiscal
quarter. $
n/a





Indicate
the number of shares outstanding of each of the registrant’s classes of common
stock, as of the latest practicable date.  5,496,400 as of June 22,
2009.




Table of Contents




TABLE OF
CONTENTS





PagePART
      IItem 1.
            Business
            3Item 1A.
            Risk Factors
            9Item 1B.
            Unresolved Staff Comments
            9Item 2.
            Properties
            9Item 3.
            Legal Proceedings
            10Item 4.
            Submission of Matters to a Vote of Security
      Holders
            10PART
      IIItem 5.
            Market for Registrant’s Common Equity and Related Stockholder
      Matters and Issuer Purchases of Equity Securities
            11Item 6.
            Selected Financial Data
            13Item 7.
            Management’s Discussion and Analysis of Financial Condition and
      Results of Operations
            13Item 7A.
            Quantitative and Qualitative Disclosures About Market
      Risk
            17Item 8.
            Financial Statements and Supplementary Data
            17Item 9.
            Changes In and Disagreements With Accountants on Accounting and
      Financial Disclosure
            17Item 9A(T).
            Controls and Procedures
            17Item 9B.
            Other Information
            18PART
      IIIItem 10.
            Directors, Executive Officers and Corporate
      Governance
            18Item 11.
            Executive Compensation
            19Item 12.
            Security Ownership of Certain Beneficial Owners and Management
      and Related Stockholder Matters
            21Item 13.
            Certain Relationships and Related Transactions, and Director
      Independence
            21Item 14.
            Principal Accountant Fees and Services
            21PART
      IVItem 15.
            Exhibits, Financial Statement Schedules
            22







2
 Table of Contents




PART I





Item 1.   Business





We are an
exploration stage company that intends to engage in the exploration of mineral
properties.  We have acquired a mineral claim that we refer to as the
Appleton #2 mineral claim. Exploration of this mineral claim is required before
a final determination as to its viability can be made.





The
property is located 17 km northwest of Gander in northeastern
Newfoundland.  The property lies north of the Trans Canada Highway,
approximately 9 km north of the Salmon Pond access road, and west of the Gander
River.





Our plan
of operations is to carry out exploration work on this claim in order to
ascertain whether it possesses commercially exploitable quantities of gold and
other metals.  We will not be able to determine whether or not the
Appleton #2 mineral claim contains a commercially exploitable mineral deposit,
or reserve, until appropriate exploratory work is done and an economic
evaluation based on that work indicates economic viability.





Phase I
of our exploration program will cost approximately $7,450.  This phase
will consist of on-site surface reconnaissance, mapping, sampling, and
geochemical analyses.   Phase II of our program will consist of
on-site trenching, mapping, sampling, and trench site identification followed by
geochemical analyses of the various samples gathered.  Phase II of our
exploration program will cost approximately $13,290 and will consist on on-site
trenching as well as additional mapping and sampling, followed by preparation of
a report and data compilation.  The existence of commercially
exploitable mineral deposits in the Appleton #2 mineral claim is unknown at the
present time and we will not be able to ascertain such information until we
receive and evaluate the results of our exploration program.





Acquisition
of the Appleton #2 mineral claim.





We have
acquired a 100% interest in the Appleton #2 mineral claim located in
northeastern Newfoundland Island,
Canada.    Our  ownership in the Appleton #2 claim
was electronically staked and recorded under the electronic mineral claim
staking and recording procedures of the Online Mineral Claims Staking System
administered by the Department of Natural Resources, Government of Newfoundland
and Labrador, Canada.  A party is able to stake and record an interest
in a particular mineral claim if no other party has an interest in the said
claim that is in good standing and on record.  There is no formal
agreement between us and/or our subsidiary and the Government of Newfoundland
and Labrador.





The
Appleton #2 claim is administered under the Mineral Act of Newfoundland and
Labrador.  Our interest in the Appleton #2 mineral claim will continue
for up to twenty years provided that the minimum required expenditures toward
exploration work on the claim are made in compliance with the
Act.  The required amount of expenditures toward exploration work is
set by the Province of Newfoundland and Labrador and can be altered in its sole
discretion.  Currently, the amount required to be expended annually
for exploration work within the first year that the




3
 Table of Contents




mineral
claim is acquired is $200 per claim.  The required expenditures per
claim increase gradually each year up to a maximum of $1,200 per claim for the
sixteenth year and beyond.  Within 60 days following the anniversary
date of the claim, an assessment report on the work performed must be submitted
to the Mineral Claims Recorder.  Every five years, renewal fee of
between $25 and $100 per claim is also required.





We
selected the Appleton #2 mineral property based upon an independent geological
report which was commissioned from Richard A. Jeanne, a Consulting Geologist.
Mr. Jeanne recommended an exploration program on this claim which will cost us
approximately $20,740.





Description
and Location of the Appleton #2 mineral claim





The
Appleton #2 property is located on NTS map sheet 02E/02, 17 km northwest of
Gander in northeastern Newfoundland.  It comprises 8 claim blocks
totaling 200 hectares or approximately 494 acres approximately centered at
latitude 490 3’ 9" North, longitude 540 48’ 24" West (UTM Zone 21, 660250
Easting - 5435400 Northing).  A legal survey of the property has not
been conducted.





The
Government of Newfoundland and Labrador owns the land covered by the Appleton #2
mineral claim. Currently, we are not aware of any native land claims that might
affect the title to the mineral claim or to Newfoundland and Labrador’s title of
the property. Although we are unaware of any situation that would threaten this
claim, it is possible that a native land claim could be made in the future. The
federal and provincial government policy at this time is to consult with all
potentially affected native bands and other stakeholders in the area of any
potential commercial production. If we should encounter a situation where a
native person or group claims and interest in this claim, we may choose to
provide compensation to the affected party in order to continue with our
exploration work, or if such an option is not available, we may have to
relinquish any interest that we hold in this claim.





Geological
Exploration Program in General





We have
obtained an independent Geological Report and have acquired a 100% ownership
interest in the Appleton #2 mineral claim. Richard A. Jeanne, Consulting
Geologist, has prepared this Geological Report and reviewed all available
exploration data completed on this mineral claim.





Mr.
Jeanne is a geologist with offices at 3055 Natalie Street, Reno Nevada, 89509.
He has a B.S.  in Geology from Northern Arizona University and an M.A.
in Geology from Boston University with over 27 years experience since
graduation.  Mr. Jeanne is a Certified Professional Geologist with the
American Institute of Professional Geologists (Certificate Number
8397).





The
property that is the subject of the Appleton #2 mineral claim is undeveloped and
does not contain any open-pit or underground mines which can be rehabilitated.
There is no commercial production plant or equipment located on the property
that is the subject of the mineral claim. Currently, there is no power supply to
the mineral claims. We have not yet commenced the field work phase of our
initial exploration program.   Exploration is currently in the
planning stages.  Our exploration program is exploratory in nature and
there is no assurance that mineral reserves will be found.  The
details of the Geological Report are provided below.





4
 Table of Contents




Appleton
#2 Mineral Claim Geological Report, Dated February 12, 2008





A primary
purpose of the geological report is to review information, if any, from the
previous exploration of the mineral claims and to recommend exploration
procedures to establish the feasibility of commercial production project on the
mineral claims.  The summary report lists results of the history of
the exploration of the mineral claims, the regional and local geology of the
mineral claims and the mineralization and the geological formations identified
as a result of the prior exploration.  The summary report also gave
conclusions regarding potential mineralization of the mineral claims and
recommended a further geological exploration program.





Exploration
Potential of the Appleton #2 Mineral Claim





Previous
sampling by the Geological Survey of the Government of Newfoundland and Labrador
yielded gold and arsenic anomalies on ground currently covered by the Appleton #
2 claims.  The claims are underlain by rocks of similar age and
lithology as those in which gold anomalies are currently being developed by
Paragon Minerals Corp. on their nearby Appleton Linear and JBP
claims.





The gold
anomaly on the Appleton # 2 reportedly was discovered by Mr. Tom Lush in
1999.  He submitted an assessment report (unpublished) in the year
2000 that was cited in the MODS report on the occurrence published by the
Geological Survey of Newfoundland and Labrador.  Subsequent sampling
by the Geological Survey yielded two anomalous values.  One sample
returned an assay value of 4959 ppb (0.145 opt) Au and another, 64 ppm arsenic
(As).





The area
is recognized as having potential for extensive
mineralization.  Beginning in the 1980's, extensive surveys of the
region were conducted by Noranda, Gander River Minerals, Falconbridge, Virginia
Holdings, Noront Resources and Newfoundland Resources and
Mining.  Currently, Paragon Minerals Corporation is active in the area
with a number of projects under evaluation.





The
region is underlain by rocks of the Gander and Dunnage tectonostratigraphic
zones.  The Gander zone, southeast of the Appleton # 2, is represented
by metasedimentary conglomerate, sandstone and siltstone.  The Gander
zone is structurally overlain by rocks of the Dunnage zone.  These
include the Gander River Complex, a narrow belt of mafic and ultramafic rocks
and the Davidsville Group, siliclastic sediments deposited in relatively shallow
water.  The Appleton # 2 property is located within the Davidsville
Group of rocks.  West of the Davidsville group is a suite of
siliclastic rocks of deeper water origin.





Southwest
of the Appleton # 2 is a large intrusive complex that has been proposed as the
heat source that drove the mineralizing events in the area.  The
complex consists of two major rock types, an older mafic suite and a younger
granitoid suite.  Most of the mineralization in the region is
associated with quartz veins which are commonly associated with gratitoid rocks,
however, some of the mineralization is clearly younger than the intrusive
complex.  This suggests that another, unrecognized, heat source may
have contributed to mineralization in the area.





5
 Table of Contents




Access to
the property can be gained via the Salmon Pond access road and forestry roads
about 9 km (5.6 miles) north of Trans-Canada Highway 1.  Groceries and
general supplies and services such as car rentals, banking, restaurants and
lodging are available in the town of Gander, about an hour's drive from the
property.  Gander's population is about 10,000, but the town provides
services to surrounding communities whose total population approaches
90,000.  The town hosts an international airport that, historically,
was a refueling stop for transatlantic flights.





The
region receives abundant snowfall during the winter months, making geological
exploration and other related activities impractical during this
time.  The climate during the remainder of the year is
moderate.  The topography and drainages slope eastward toward the
Gander River.  Forest cover includes mixed spruce, balsam fir and
birch.  Low wet areas contain prevalent alder thickets. The claim is
underlain by terrain of modest slopes and relief between the approximate
elevations of 76 m (250 ft) and 107 m (350 ft) above sea level.





No visit
to the property has yet been made by us or our consulting
geologists.





Recommendations
From Our Consulting Geologist





In order
to evaluate the exploration potential of the Appleton #2 claim, our consulting
geologist has recommended on site surface reconnaissance, mapping, sampling, and
trenching to be followed by geochemical analyses of the samples to be
taken.  The primary goal of the exploration program is to identify
sites for additional gold exploration.





Exploration
      BudgetPhase
      I
            Exploration
      ExpenditureInternet
      search for additional geologic reports and local Gander contacts
            $
            600On site surface reconnaissance, mapping,
      sampling and trench site identification
            $
            4,200Geochemical analyses (≈20
      samples)
            $
            360Other
      expenses
            $
            2,290Phase IIOn
      site trenching, mapping, and sampling
            $
            8,000Geochemical
      Analyses
            $
            1,800Data
      compilation and report preparation
            $
            1,200Other
      expenses
            $
            2,290Total,
      Phases I and II
            $
            20,740





6
 Table of Contents




While we
have not commenced the field work phase of our initial exploration program, we
intend to proceed with the initial exploratory work as
recommended.  We had originally planned to commence our exploratory
program in late 2008 / early 2009.  Due to continued high demand for
the services of geologists with experience in precious metals, however, we have
had some difficulties in retaining a geologist who has the ability and available
time to perform the fieldwork portion of exploration program.  We
believe that this difficulty can be overcome, however, and we currently expect
that Phase I will begin in the late Summer of 2009, with Phase II to begin in
the Fall of 2009.  Upon our review of the results, we will assess
whether the results are sufficiently positive to warrant additional phases of
the exploration program.  We will make the decision to proceed with
any further programs based upon our consulting geologist’s review of the results
and recommendations.  In order to complete significant additional
exploration beyond the currently planned Phase I and Phase II, we will need to
raise additional capital.





Competition





The
mineral exploration industry, in general, is intensely competitive and even if
commercial quantities of reserves are discovered, a ready market may not exist
for the sale of the reserves.





Most
companies operating in this industry are more established and have greater
resources to engage in the production of mineral claims.  We were
incorporated on August 16, 2007 and our operations are not
well-established.  Our resources at the present time are
limited.  We may exhaust all of our resources and be unable to
complete full exploration of the Appleton #2 mineral claim.  There is
also significant competition to retain qualified personnel to assist in
conducting mineral exploration activities.   If a commercially
viable deposit is found to exist and we are unable to retain additional
qualified personnel, we may be unable to enter into production and achieve
profitable operations.  These factors set forth above could inhibit
our ability to compete with other companies in the industry and entered into
production of the mineral claim if a commercial viable deposit is found to
exist.





Numerous
factors beyond our control may affect the marketability of any substances
discovered.  These factors include market fluctuations, the proximity
and capacity of natural resource markets and processing equipment, government
regulations, including regulations relating to prices, taxes, royalties, land
tenure, land use, importing and exporting of minerals and environmental
protection.  The exact effect of these factors cannot be accurately
predicted, but the combination of these factors may result our not receiving an
adequate return on invested capital.





Compliance
with Government Regulation





The main
agency that governs the exploration of minerals in the Province of Newfoundland
and Labrador is the Department of Natural Resources.





7
 Table of Contents




The
Department of Natural Resources manages the development of Newfoundland and
Labrador’s mineral resources, and implements policies and programs respecting
their development while protecting the environment. In addition, the Department
regulates and inspects the exploration and mineral production industries in
Newfoundland and Labrador to protect workers, the public and the
environment.





The
material legislation applicable to Alba Mineral Exploration, Inc. is the Mineral
Act of Newfoundland and Labrador. Any person who intends to conduct an
exploration program on a staked or licensed area must submit prior notice with a
detailed description of the activity to the Department of Natural Resources. An
exploration program that may result in major ground disturbance or disruption to
wildlife or wildlife habitat must have an Exploration Approval from the
department before the activity can commence.





We will
also have to sustain the cost of reclamation and environmental remediation for
all exploration work undertaken.  Both reclamation and environmental
remediation refer to putting disturbed ground back as close to its original
state as possible.  Other potential pollution or damage must be
cleaned-up and renewed along standard guidelines outlined in the usual permits.
Reclamation is the process of bringing the land back to its natural state after
completion of exploration activities.  Environmental remediation
refers to the physical activity of taking steps to remediate, or remedy any
environmental damage caused such as refilling trenches after sampling or
cleaning up fuel spills.  Our initial exploration program does not
require any reclamation or remediation because of minimal disturbance to the
ground.  The amount of these costs is not known at this time because
we do not know the extent of the exploration program we will undertake, beyond
completion of the recommended exploration phase described above, or if we will
enter into production on the property. Because there is presently no information
on the size, tenor, or quality of any resource or reserve at this time, it is
impossible to assess the impact of any capital expenditures on our earnings or
competitive position in the event a potentially-economic deposit is
discovered.





Employees





We
currently have no employees other than our president and CEO, Mr. Bastidas. We
conduct our business largely through agreements with consultants and other
independent third party vendors.





Research
and Development Expenditures





We have
not incurred any research or development expenditures since our
incorporation.





Subsidiaries





We do not
currently have any subsidiaries.





Patents
and Trademarks





We do not
own, either legally or beneficially, any patent or trademark.





8
 Table of Contents




Item 1A.   Risk Factors.





A smaller
reporting company is not required to provide the information required by this
Item.





Item 1B.   Unresolved Staff Comments





A smaller
reporting company is not required to provide the information required by this
Item.




Item 2.   Property


Description
of Property





The
Appleton #2 property is located on NTS map sheet 02E/02, 17 km northwest of
Gander in northeastern Newfoundland.  The boundaries of the property
are described as follows: Beginning at the Northeast corner of the herein
described parcel of land, and said corner having UTM coordinates of 5 436 000 N,
661 000 E; of Zone 21; thence South 1,000 metres, thence West 500 metres, thence
South 500 metres, thence West 1,000 metres, thence North 1,500 metres, thence
East 1,500 metres to the point of beginning.  All bearings are
referred to the UTM grid, Zone 21. NAD27.











Figure 1.  Location
map of the Appleton #2 property
   9
 Table of Contents
  
  Figure 2.  Claim
plan, Appleton #2 property shown in blue and adjacent claims in
brown.
 Corporate
Offices
 
 Our
corporate offices are located at #404, 10153 –
117thStreet, Edmonton,
Alberta, CanadaT5K 1X5.Our
offices are provided at no cost.
 
 Item 3.   Legal Proceedings
 
 We are
not a party to any pending legal proceeding. We are not aware of any pending
legal proceeding to which any of our officers, directors, or any beneficial
holders of 5% or more of our voting securities are adverse to us or have a
material interest adverse to us.
 
 Item 4.   Submission of Matters to a Vote of Security
Holders
 
 No
matters were submitted to a vote of the Company's shareholders during the fiscal
year ended March 31, 2009.
  10
 Table of Contents
  PART II
 
 Item 5.    Market for Registrant’s Common Equity and
Related Stockholder Matters and Issuer Purchases of Equity
Securities
 
 Market
Information
 
 Our
common stock is currently quoted on the OTC Bulletin Board (“OTCBB”), which is
sponsored by FINRA. The OTCBB is a network of security dealers who buy and sell
stock. The dealers are connected by a computer network that provides information
on current "bids" and "asks", as well as volume information. Our shares are
quoted on the OTCBB under the symbol “WRMI.”
 
 The
following table sets forth the range of high and low bid quotations for our
common stock for each of the periods indicated as reported by the OTCBB. These
quotations reflect inter-dealer prices, without retail mark-up, mark-down or
commission and may not necessarily represent actual transactions.
 
 Fiscal
      Year Ending March 31, 2009Quarter
      Ended
                
                High
      $
                
                Low
      $March
      31, 2009
                
                n/a
                
                n/aDecember
      31, 2008
                
                n/a
                
                n/aSeptember
      30, 2008
                
                n/a
                
                n/aJune
      30, 2008
                
                n/a
                
                n/a
 
 
 Penny
Stock
 
 The SEC
has adopted rules that regulate broker-dealer practices in connection with
transactions in penny stocks. Penny stocks are generally equity securities with
a market price of less than $5.00, other than securities registered on certain
national securities exchanges or quoted on the NASDAQ system, provided that
current price and volume information with respect to transactions in such
securities is provided by the exchange or system. The penny stock rules require
a broker-dealer, prior to a transaction in a penny stock, to deliver a
standardized risk disclosure document prepared by the SEC, that: (a) contains a
description of the nature and level of risk in the market for penny stocks in
both public offerings and secondary trading; (b) contains a description of the
broker's or dealer's duties to the customer and of the rights and remedies
available to the customer with respect to a violation of such duties or other
requirements of the securities laws; (c) contains a brief, clear, narrative
description of a dealer market, including bid and ask prices for penny stocks
and the significance of the spread between the bid and ask price; (d) contains a
toll-free telephone number for inquiries on disciplinary actions; (e) defines
significant terms in the disclosure document or in the conduct of trading in
penny stocks; and (f) contains such other information and is in such form,
including language, type size and format, as the SEC shall require by rule or
regulation.
 
 11
 Table of Contents
  The
broker-dealer also must provide, prior to effecting any transaction in a penny
stock, the customer with (a) bid and offer quotations for the penny stock; (b)
the compensation of the broker-dealer and its salesperson in the transaction;
(c) the number of shares to which such bid and ask prices apply, or other
comparable information relating to the depth and liquidity of the market for
such stock; and (d) a monthly account statement showing the market value of each
penny stock held in the customer's account.
 
 In
addition, the penny stock rules require that prior to a transaction in a penny
stock not otherwise exempt from those rules, the broker-dealer must make a
special written determination that the penny stock is a suitable investment for
the purchaser and receive the purchaser's written acknowledgment of the receipt
of a risk disclosure statement, a written agreement as to transactions involving
penny stocks, and a signed and dated copy of a written suitability
statement.
 
 These
disclosure requirements may have the effect of reducing the trading activity for
our common stock. Therefore, stockholders may have difficulty selling our
securities.
 
 Holders
of Our Common Stock
 
 As of
June 22, 2009, we had 5,496,400shares of our common
stock issued and outstanding, held by 34 shareholders of
record.
 
 Dividends
 
 There are
no restrictions in our articles of incorporation or bylaws that prevent us from
declaring dividends.  The Nevada Revised Statutes, however, do
prohibit us from declaring dividends where after giving effect to the
distribution of the dividend:
 
 1. we
would not be able to pay our debts as they become due in the usual course of
business, or;
 
 2. our
total assets would be less than the sum of our total liabilities plus the amount
that would be needed to satisfy the rights of shareholders who have preferential
rights superior to those receiving the distribution.
 
 We have
not declared any dividends and we do not plan to declare any dividends in the
foreseeable future.
 
 Securities
Authorized for Issuance under Equity Compensation Plans
 
 We have
not adopted any equity compensation or incentive plans at this
time.
 
 Recent
Sales of Unregistered Securities
 
 None.
 
 12
 Table of Contents
  Item 6.   Selected Financial Data
 
 A smaller
reporting company is not required to provide the information required by this
Item.
 
 Item 7.  Management’s Discussion and Analysis of Financial
Condition and Results of Operations
 
 Forward-Looking
Statements
 
 Certain
statements, other than purely historical information, including estimates,
projections, statements relating to our business plans, objectives, and expected
operating results, and the assumptions upon which those statements are based,
are “forward-looking statements” within the meaning of the Private Securities
Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. These forward-looking
statements generally are identified by the words “believes,” “project,”
“expects,” “anticipates,” “estimates,” “intends,” “strategy,” “plan,” “may,”
“will,” “would,” “will be,” “will continue,” “will likely result,” and similar
expressions. We intend such forward-looking statements to be covered by the
safe-harbor provisions for forward-looking statements contained in the Private
Securities Litigation Reform Act of 1995, and are including this statement for
purposes of complying with those safe-harbor provisions. Forward-looking
statements are based on current expectations and assumptions that are subject to
risks and uncertainties which may cause actual results to differ materially from
the forward-looking statements. Our ability to predict results or the actual
effect of future plans or strategies is inherently uncertain. Factors which
could have a material adverse affect on our operations and future prospects on a
consolidated basis include, but are not limited to: changes in economic
conditions, legislative/regulatory changes, availability of capital, interest
rates, competition, and generally accepted accounting principles. These risks
and uncertainties should also be considered in evaluating forward-looking
statements and undue reliance should not be placed on such statements. We
undertake no obligation to update or revise publicly any forward-looking
statements, whether as a result of new information, future events or otherwise.
Further information concerning our business, including additional factors that
could materially affect our financial results, is included herein and in our
other filings with the SEC.
 
 Plan
of Operation
 
 Our
business plan is to proceed with the exploration of the Appleton #2 mineral
claim to determine whether there are commercially exploitable reserves of gold
or other metals.  We intend to proceed with the initial exploration
program as recommended by our consulting geologist. The recommended geological
program will cost a total of approximately $20,740. We had $26,006 in cash as of
March 31, 2009.  Our plan of operations is to complete the recommended
exploration program on the Appleton #2 mineral claim.
 
 Phase I
would consist of on-site surface reconnaissance, mapping, sampling, and
geochemical analyses.   This phase of the program will cost
approximately $7,450.  We currently anticipate commencing this phase
of exploration in the late Summer of 2009.
 
 13
 Table of Contents
  Phase II
would entail on-site trenching, mapping, sampling, and trench site
identification followed by geochemical analyses of the various samples
gathered.  The Phase II program will cost approximately
$13,290.  We currently anticipate commencing this phase in the Fall of
2009.
 
 We have
not retained a geologist to conduct any of the anticipated exploration
work.
 
 Once we
receive the analyses of our initial exploration program, our board of directors,
in consultation with our consulting geologist will assess whether to proceed
with additional mineral exploration programs.  In making this
determination to proceed with a further exploration, we will make an assessment
as to whether the results of the initial program are sufficiently positive to
enable us to proceed.  This assessment will include an evaluation of
our cash reserves after the completion of the initial exploration, the price of
minerals, and the market for the financing of mineral exploration projects at
the time of our assessment.
 
 In the
event our board of directors, in consultation with our consulting geologist,
chooses to conduct further mineral exploration programs beyond the initial
program, we will require additional financing.  While we have
sufficient funds on hand to cover the currently planned exploration costs, we
will require additional funding in order to undertake further exploration
programs on the Appleton #2 mineral claim and to cover all of our anticipated
administrative expenses.
 
 In order
to cover the administrative expenses associated with our operations, and in the
event that additional exploration programs on the Appleton #2 claim are
undertaken, we anticipate that additional funding will be required in the form
of equity financing from the sale of our common stock and from loans from our
director.  We cannot provide investors with any assurance, however,
that we will be able to raise sufficient funding from the sale of our common
stock to fund all of our anticipated expenses.  We do not have any
arrangements in place for any future equity financing.  We believe
that outside debt financing will not be an alternative for funding exploration
programs on the Appleton #2 property. The risky nature of this enterprise and
lack of tangible assets other than our mineral claim places debt financing
beyond the credit-worthiness required by most banks or typical investors of
corporate debt until such time as an economically viable mine can be
demonstrated.
 
 In the
event the results of our initial exploration program prove not to be
sufficiently positive to proceed with further exploration on the Appleton #2
mineral claim, we intend to seek out and acquire interests in North American
mineral exploration properties which, in the opinion of our consulting
geologist, offer attractive mineral exploration
opportunities.  Presently, we have not given any consideration to the
acquisition of other exploration properties because we have not yet commenced
our initial exploration program and have not received any results.
 
 During
this exploration stage Mr. Bastidas, our President, will only be devoting
approximately five to ten hours per week of his time to our
business.  We do not foresee this limited involvement as negatively
impacting our company over the next twelve months as all exploratory work is
being performed by outside consultants.  If, however, the demands of
our business require more business time of Mr. Bastidas such as raising
additional capital or addressing unforeseen issues with regard to our
exploration efforts, he is prepared to devote more time to our business.
However, he may not be able to devote sufficient time to the management of our
business, as and when needed.
 
 14
 Table of Contents
  Mineral
Exploration Program
 
 In order
to evaluate the exploration potential of the Appleton #2 claim, our consulting
geologist has recommended on site surface reconnaissance, mapping, sampling, and
trenching to be followed by geochemical analyses of the samples to be
taken.  The primary goal of the exploration program is to identify
sites for additional gold exploration.
 
 Exploration
      Budget
                Exploration
      ExpenditurePhase
      IInternet
      search for additional geologic reports and local Gander
      contacts
                $
                600On
      site surface reconnaissance, mapping, sampling and trench site
      identification
                $
                4,200Geochemical
      analyses (≈20 samples)
                $
                360Other
      expenses
                $
                2,290Phase IIOn
      site trenching, mapping, and sampling
                $
                8,000Geochemical
      Analyses
                $
                1,800Data
      compilation and report preparation
                $
                1,200Other
      expenses
                $
                2,290Total,
      Phases I and II
                $
                20,740
 
 While we
have not commenced the field work phase of our initial exploration program, we
intend to proceed with the initial exploratory work as recommended. We currently
expect that Phase I will begin in the late Summer of 2009, with Phase II to
begin in the Fall of 2009.  Upon our review of the results, we will
assess whether the results are sufficiently positive to warrant additional
phases of the exploration program.  We will make the decision to
proceed with any further programs based upon our consulting geologist’s review
of the results and recommendations.  In order to complete significant
additional exploration beyond the currently planned Phase I and Phase II, we
will need to raise additional capital.
 
 We do not
have plans to purchase any significant equipment or change the number of our
employees during the next twelve months.
 
 15
 Table of Contents
  We have
no employees other than our president and CEO, Mr. Bastidas. We conduct our
business largely through agreements with consultants and other independent third
party vendors.
 
 Results
of Operations for the years ended March 31, 2009 and 2008
 
 We have
not earned any revenues since the inception of our current business
operations.  We are presently in the exploration stage of our business
and we can provide no assurance that we will discover commercially exploitable
levels of mineral resources on our mineral properties, or if such resources are
discovered, that we will enter into commercial production.
 
 We
incurred operating expenses and net losses in the amount of $13,972 for the year
ended March 31, 2009 (our first full fiscal year) and in the amount of $3,695
for the period from inception on August 16, 2007 through March 31,
2008.  We have incurred total operating expenses and net losses in the
amount of $17,667 from inception on August 16, 2007 through March 31,
2009.  Our losses are attributable to operating expenses together with
a lack of any revenues at our current state of development.  We
anticipate our operating expenses will increase as we continue with our plan of
operations.  The increase will be attributable to continuing with the
geological exploration programs for our mineral claim.
 
 Liquidity
and Capital Resources
 
 As of
March 31, 2009, we had current assets in the amount of $26,006, consisting
entirely of cash. We had current liabilities of $10,350 as of March 31, 2009.
Thus, we had working capital of $15,656 as of March 31, 2009.
 
 We do not
anticipate earning revenues until such time that enter into commercial
production of our mineral property. We are presently in the exploration stage of
our business and we can provide no assurance that we will discover commercially
exploitable levels of mineral resources our mineral property, or if such
resources are discovered, that we will enter into commercial
production.
 
 Going
Concern
 
 We have
not attained profitable operations and will be dependent upon obtaining
financing to pursue significant exploration activities beyond those currently
planned as outlined herein.  For these reasons, our auditors stated in
their report that they have substantial doubt we will be able to continue as a
going concern. Our ability to raise additional capital through the future
issuances of the common stock or other methods is unknown. The obtainment of
additional financing, the successful development of our contemplated plan of
operations, and our transition, ultimately, to the attainment of profitable
operations are necessary for us to continue operations.  For these
reasons, our auditors stated in their report that they have substantial doubt we
will be able to continue as a going concern.
  Off
Balance Sheet Arrangements
 
 As of
March 31, 2009, there were no off balance sheet arrangements.
 
 16
 Table of Contents
  Item 7A.   Quantitative and Qualitative Disclosures About
Market Risk
 
 A smaller
reporting company is not required to provide the information required by this
Item.
 
 Item 8.   Financial Statements and Supplementary
Data
 
 See the
financial statements annexed to this annual report.
 
 Item
9.   Changes In and Disagreements with Accountants on Accounting
and FinancialDisclosure
 
 No events
occurred requiring disclosure under Item 307 and 308 of Regulation S-K during
the fiscal year ending March 31, 2009.
 
 Item 9A(T).  Controls and Procedures
 
 We
carried out an evaluation of the effectiveness of the design and operation of
our disclosure controls and procedures (as defined in Exchange Act Rules
13a-15(e) and 15d-15(e)) as of March 31, 2009.  This evaluation was carried
out under the supervision and with the participation of our Chief Executive
Officer and Chief Financial Officer, Mr. Marco Bastidas.  Based upon that
evaluation, our Chief Executive Officer and Chief Financial Officer concluded
that, as of March 31, 2009, our disclosure controls and procedures are
effective.  There have been no significant changes in our internal controls
over financial reporting during the quarter ended March 31, 2009 that have
materially affected or are reasonably likely to materially affect such
controls.
 
 Disclosure
controls and procedures are controls and other procedures that are designed to
ensure that information required to be disclosed in our reports filed or
submitted under the Exchange Act are recorded, processed, summarized and
reported, within the time periods specified in the SEC's rules and forms.
Disclosure controls and procedures include, without limitation, controls and
procedures designed to ensure that information required to be disclosed in our
reports filed under the Exchange Act is accumulated and communicated to
management, including our Chief Executive Officer and Chief Financial Officer,
to allow timely decisions regarding required disclosure.
 
 Limitations on the
Effectiveness of Internal Controls
 
 Our
management does not expect that our disclosure controls and procedures or our
internal control over financial reporting will necessarily prevent all fraud and
material error. Our disclosure controls and procedures are designed to provide
reasonable assurance of achieving our objectives and our Chief Executive Officer
and Chief Financial Officer concluded that our disclosure controls and
procedures are ineffective at that reasonable assurance level.  Further,
the design of a control system must reflect the fact that there are resource
constraints, and the benefits of controls must be considered relative to
their costs. Because of the inherent limitations in all control systems, no
evaluation of controls can provide absolute assurance that all control issues
and instances of fraud, if any, within our company have been detected. These
inherent limitations include the realities that judgments in decision-making can
be faulty, and that breakdowns can occur because of simple error or mistake.
Additionally, controls can be circumvented by the individual acts of some
persons, by collusion of two or more people, or by management override of the
internal control. The design of any system of controls also is based in part
upon certain assumptions about the likelihood of future events, and there can be
no assurance that any design will succeed in achieving its stated goals under
all potential future conditions. Over time, control may become inadequate
because of changes in conditions, or the degree of compliance with the policies
or procedures may deteriorate.
 
 17
 Table of Contents
  Management’s
Annual Report on Internal Control over Financial Reporting
 
 This
annual report does not include a report of management's assessment regarding
internal control over financial reporting or an attestation report of the
company's registered public accounting firm due to a transition period
established by rules of the Securities and Exchange Commission for newly public
companies.
 
 Changes
in Internal Control over Financial Reporting
 
 During
the most recently completed fiscal quarter, there has been no change in our
internal control over financial reporting that has materially affected or is
reasonably likely to materially affect, our internal control over financial
reporting.
 
 Item 9B.   Other Information
 
 None
 PART III
 
 Item 10.  Directors, Executive Officers and Corporate
Governance
 
 The
following information sets forth the names of our current directors and
executive officers, their ages as of June 22, 2009 and their present
positions.
 
 Name
                Age
                Position(s)
      and Office(s) HeldMarco
      Bastidas
                44
                President,
      Chief Executive Officer, Chief Financial Officer, and
    Director
 
 Set forth
below is a brief description of the background and business experience of each
of our current executive officers and directors.
 
 Marco Bastidas.  Mr.
Bastidas is our CEO, CFO, President, Secretary, Treasurer and sole
director.  Since 2001, Mr. Bastidas has also served as President of
Western Translation Services, a company providing translation services
throughout North America. From 1994 to 2000 Mr. Bastidas was employed as a
representative of Taylor Language Services. Additionally, Mr. Bastidas presently
sits on the Board of Directors for Polygenetics International, Inc., a position
he has held since February 2007.  Mr. Bastidas  obtained his
Bachelors of Commerce (Honors) 4 year degree from the  University of
Ottawa in 1990, with a specialization in Marketing and International
Business.
 
 Directors
  Our
bylaws authorize no less than one (1) director.  We currently have one
Director.
 
 Term
of Office
 
 Our
Directors are appointed for a one-year term to hold office until the next annual
general meeting of our shareholders or until removed from office in accordance
with our bylaws.  Our officers are appointed by our board of directors
and hold office until removed by the board.
 
 Family
Relationships
 
 There are
no family relationships between or among the directors, executive officers or
persons nominated or chosen by us to become directors or executive
officers.
 
 18
 Table of Contents
  Involvement
in Certain Legal Proceedings
 
 To  the
best of our knowledge, during the past five years, none of the
following  occurred  with  respect  to a
present or former director, executive officer, or  employee: (1) any
bankruptcy petition filed by or against any business  of which such
person was a general partner or executive officer either
at  the  time  of the bankruptcy or within two
years prior to that time; (2) any conviction in a
criminal  proceeding  or  being subject to a
pending criminal
proceeding  (excluding  traffic  violations and
other minor offenses); (3) being subject  to  any order,
judgment or decree, not subsequently reversed, suspended
or  vacated,  of  any  court  of  competent  jurisdiction,  permanently  or
temporarily enjoining, barring, suspending or otherwise limiting his or her
involvement in  any  type of business, securities or banking
activities; and (4) being found
by  a  court  of  competent  jurisdiction  (in  a  civil
action), the SEC or the
Commodities  Futures  Trading  Commission  to  have  violated
a federal or state securities or commodities law, and the judgment has not been
reversed, suspended or vacated.
 
 Audit
Committee
 
 We do not
have a separately-designated standing audit committee. The entire Board of
Directors performs the functions of an audit committee, but no written charter
governs the actions of the Board when performing the functions of what would
generally be performed by an audit committee. The Board approves the selection
of our independent accountants and meets and
 
 Code
of Ethics
 
 As of
March 31, 2009, we had not adopted a Code of Ethics for Financial Executives,
which would include our principal executive officer, principal financial
officer, principal accounting officer or controller, or persons performing
similar functions.
 
 Item 11.  Executive Compensation
 
 Compensation
Discussion and Analysis
 
 The
Company presently not does have employment agreements with any of its named
executive officers and it has not established a system of executive compensation
or any fixed policies regarding compensation of executive
officers.  Due to financial constraints typical of those faced by a
development stage mineral exploration business, the company has not paid any
cash and/or stock compensation to its named executive officers
 
 Our
current named executive officer holds substantial ownership in the Company and
is motivated by a strong entrepreneurial interest in developing our operations
and potential revenue base to the best of his ability.   As our
business and operations expand and mature, we may develop a formal system of
compensation designed to attract, retain and motivate talented
executives.
 
 Summary
Compensation Table
 
 The table
below summarizes all compensation awarded to, earned by, or paid to each named
executive officer for our last two completed fiscal years for all services
rendered to us.
 
 SUMMARY
      COMPENSATION TABLEName
                  and
                  principal
                  position
                Year
                Salary
                  ($)
                Bonus
                  ($)
                Stock
      Awards
                  ($)
                Option
                  Awards
                  ($)
                Non-Equity
                  Incentive
      Plan
                  Compensation
                  ($)
                Nonqualified
                  Deferred
                  Compensation
                  Earnings
      ($)
                All
      Other
                  Compensation
                  ($)
                Total
                  ($)Marco
      Bastidas,
                  CEO,
      CFO, President, Secretary-Treasurer, & Director
                2009
                  2008
                0
                  0
                0
                  0
                0
                  0
                0
                  0
                0
                  0
                0
                  0
                0
                  0
                0
                  0
 
 19
 Table of Contents
 
 Narrative
Disclosure to the Summary Compensation Table
 
 Our named
executive officers do not currently receive any compensation from the Company
for their service as officers of the Company.
 
 Outstanding
Equity Awards At Fiscal Year-end Table
 
 The table
below summarizes all unexercised options, stock that has not vested, and equity
incentive plan awards for each named executive officer outstanding as of the end
of our last completed fiscal year.
 
 OUTSTANDING
      EQUITY AWARDS AT FISCAL YEAR-ENDOPTION
      AWARDS
                STOCK
      AWARDSName
                Number
      of
                  Securities
                  Underlying
                  Unexercised
                  Options
                  (#)
                  Exercisable
                Number
      of
                  Securities
                  Underlying
                  Unexercised
                  Options
                  (#)
                  Unexercisable
                Equity
                  Incentive
                  Plan
                  Awards:
                  Number
      of
                  Securities
                  Underlying
                  Unexercised
                  Unearned
                  Options
                  (#)
                Option
                  Exercise
                  Price
                  ($)
                Option
                  Expiration
                  Date
                Number
                  of
                  Shares
                  or
      Shares
                  of
                  Stock
      That
                  Have
                  Not
                  Vested
                  (#)
                Market
                  Value
                  of
                  Shares
                  or
                  Shares
                  of
                  Stock
                  That
                  Have
                  Not
                  Vested
                  ($)
                Equity
                  Incentive
                  Plan
                  Awards:
                  Number
                  of
                  Unearned
                  Shares,
                  Shares
      or
                  Other
                  Rights
                  That
      Have
                  Not
                  Vested
                  (#)
                Equity
                  Incentive
                  Plan
                  Awards:
                  Market
      or
                  Payout
                  Value
      of
                  Unearned
                  Shares,
                  Shares
      or
                  Other
                  Rights
                  That
                  Have
      Not
                  Vested
                  (#)Marco
      Bastidas
                0
                0
                0
                0
                0
                0
                0
                0
                0
 
 Compensation
of Directors Table
 
 The table
below summarizes all compensation paid to our directors for our last completed
fiscal year.
 
 DIRECTOR
      COMPENSATIONName
                Fees
      Earned or
                  Paid
      in
                  Cash
                  ($)
                Stock
      Awards
                  ($)
                Option
      Awards
                  ($)
                Non-Equity
                  Incentive
                  Plan
                  Compensation
                  ($)
                Non-Qualified
                  Deferred
                  Compensation
                  Earnings
                  ($)
                All
                  Other
                  Compensation
                  ($)
                Total
                  ($)Marco
      Bastidas
                0
                0
                0
                0
                0
                0
                0
  Narrative
Disclosure to the Director Compensation Table
 
 Our
directors do not currently receive any compensation from the Company for their
service as members of the Board of Directors of the Company.
  20
 Table of Contents
  Item
12.  Security Ownership of Certain Beneficial Owners and Management
and RelatedStockholder
Matters
 
 The
following table sets forth, as of June 22, 2009, the beneficial ownership of our
common stock by each executive officer and director, by each person known by us
to beneficially own more than 5% of the our common stock and by the executive
officers and directors as a group. Except as otherwise indicated, all shares are
owned directly and the percentage shown is based on 5,496,400 shares of common
stock issued and outstanding on June 22, 2009.
   Title of class
                Name
      and addressof beneficial owner
                Amount
      ofbeneficial ownership
                Percentof class*Common
                Marco
      Bastidas
                  404
      - 10153 117th St. NW
                  Edmonton,
      AB T5K 1X5
                3,000,000
                54.58%Common
                Total all executive officers
      and directors
                3,000,000
                54.58%Common
                5%
ShareholdersNone
  As used
in this table, "beneficial ownership" means the sole or shared power to vote, or
to direct the voting of, a security, or the sole or shared investment power with
respect to a security (i.e., the power to dispose of, or to direct the
disposition of, a security). In addition, for purposes of this table, a person
is deemed, as of any date, to have "beneficial ownership" of any security that
such person has the right to acquire within 60 days after such
date.
 
 The
persons named above have full voting and investment power with respect to the
shares indicated.  Under the rules of the Securities and Exchange
Commission, a person (or group of persons) is deemed to be a "beneficial owner"
of a security if he or she, directly or indirectly, has or shares the power to
vote or to direct the voting of such security, or the power to dispose of or to
direct the disposition of such security.  Accordingly, more than one
person may be deemed to be a beneficial owner of the same security. A person is
also deemed to be a beneficial owner of any security, which that person has the
right to acquire within 60 days, such as options or warrants to purchase our
common stock.
 
 Item 13.   Certain Relationships and Related
Transactions, and Director Independence
 
 None of
the following parties has, since our date of incorporation, had any material
interest, direct or indirect, in any transaction with us or in any presently
proposed transaction that has or will materially affect us:
 
 ·
              Any
      of our directors or officers;
 ·
              Any
      person proposed as a nominee for election as a
  director;
 ·
              Any
      person who beneficially owns, directly or indirectly, shares carrying more
      than 10% of the voting rights attached to our outstanding shares of common
      stock;
 ·
              Any
      of our promoters;
 ·
              Any
      relative or spouse of any of the foregoing persons who has the same house
      address as such person.
 
 Item 14.   Principal Accounting Fees and
Services
 
 Below is
the table of Audit Fees (amounts in US$) billed by our auditor in connection
with the audit of the Company’s annual financial statements for the years
ended:
 
 Financial
      Statements for the Year Ended June 30
              Audit
      Services
              Audit
      Related Fees
              Tax
      Fees
              Other
      Fees2009
              $3,500
              $3,750
              $0
              $02008
              $3,500
              $2,250
              $0
              $0
 
 21
 Table of Contents
  PART IV
 
 Item 15.   Exhibits, Financial Statements
Schedules
 
 Index to
Financial Statements Required by Article 8 of Regulation S-X:
 
 Audited
      Financial Statements:F-1
              Report of Independent Registered Public Accounting
      FirmF-2
              Consolidated Balance Sheets as of March 31, 2009  and
      2008F-3
              Statements of Operations for the year ended March 31, 2009, the
      period from inception to March 31, 2008, and the period from inception to
      March 31, 2009F-4
              Statement of Stockholders’ Equity for period from inception to
      March 31, 2009F-5
              Statements of Cash Flows for the year ended March 31, 2009, the
      period from inception to March 31, 2008, and the period from inception to
      March 31, 2009F-6
              Notes to Financial
Statements
  
 Exhibit
      Number
              Description3.1
              Articles
      of Incorporation, as amended (1)3.2
              Bylaws,
      as amended(1)23.1
              Consent of Moore & Associates, Chtd., Certified
      Public Accountants31.1
              Certification of Chief Executive Officer pursuant to
      Securities Exchange Act Rule 13a-14(a)/15d-14(a), as adopted pursuant to
      Section 302 of the Sarbanes-Oxley Act of 200231.2
              Certification of Chief Financial Officer pursuant to
      Securities Exchange Act Rule 13a-14(a)/15d-14(a), as adopted pursuant to
      Section 302 of the Sarbanes-Oxley Act of 200232.1
              Certification of Chief Executive Officer and Chief
      Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant
      to Section 906 of the Sarbanes-Oxley Act of
  2002
 
 (1) Incorporated
by reference to the Registration Statement on Form S-1 filed May 7,
2008.
  22
 Table of Contents
 
 SIGNATURES
 
 In
accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused
this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
 
 Western
Ridge Minerals, Inc.
 
 By:
              /s/Marco
BastidasMarco
      Bastidas
                President,
      Chief Executive Officer,and
      sole DirectorJune
      23, 2009
 
 In accordance with Section 13 or 15(d)
of the Exchange Act, this report has been signed below by the following persons
on behalf of the registrant and in the capacities and on the dates
indicated:
 
 By:
              /s/Marco
BastidasMarco
      Bastidas
                President,
      Chief Executive Officer,and
      sole DirectorJune
      23, 2009
  Table of Contents




MOORE
& ASSOCIATES, CHARTERED
 ACCOUNTANTS AND
ADVISORS
 PCAOB REGISTERED
 
 
 REPORT OF
INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
 
 
 To
the Board of Directors
 Western
Ridge Minerals, Inc.
 (An
Exploration Stage Company)
 
 We have
audited the accompanying balance sheets of Western Ridge Minerals, Inc. (An
Exploration Stage Company) as of March 31, 2009 and March 31, 2008, and the
related statements of operations, stockholders’ equity and cash flows for the
year ended March 31, 2009 and the period from August 16, 2007 through March 31,
2008 and since inception on August 16, 2007 through March 31, 2009. These
financial statements are the responsibility of the Company’s
management.  Our responsibility is to express an opinion on these
financial statements based on our audits.
 
 We
conduct our audits in accordance with standards of the Public Company Accounting
Oversight Board (United States).  Those standards require that we plan
and perform the audits 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.  We believe that our audits provide a reasonable basis
for our opinion.
 
 In our
opinion, the financial statements referred to above present fairly, in all
material respects, the financial position of Western Ridge Minerals, Inc. (An
Exploration Stage Company) as of March 31, 2009 and March 31, 2008, and the
related statements of operations, stockholders’ equity and cash flows for the
year ended March 31, 2009 and the period from August 16, 2007 through March 31,
2008 and since inception on August 16, 2007 through March 31, 2009, in
conformity with accounting principles generally accepted in the United States of
America.
 
 The
accompanying financial statements have been prepared assuming that the Company
will continue as a going concern.  As discussed in Note 5 to the
financial statements, the Company has an accumulated deficit of $17,667, which
raises substantial doubt about its ability to continue as a going
concern.  Management’s plans concerning these matters are also
described in Note 5.  The financial statements do not include any
adjustments that might result from the outcome of this uncertainty.
  
 /s/
Moore & Associates,
Chartered
 Moore
& Associates, Chartered
 Las
Vegas, Nevada
 June 10,
2009
 
 6490 West Desert Inn Rd, Las
Vegas, NV 89146 (702) 253-7499 Fax (702) 253-7501
  Table of Contents


WESTERN
RIDGE MINERALS, INC.
 (A Development Stage Company) Balance Sheets


ASSETSMarch
      31,2009
              
              March
      31,2008CURRENT
      ASSETSCash
              $
              26,006
              
              $
              29,628Total
      Current Assets
              
              26,006
              
              
              29,628TOTAL
      ASSETS
              $
              26,006
              
              $
              29,628LIABILITIES AND
      STOCKHOLDERS' EQUITYCURRENT
      LIABILITIESAccounts
      payable
              $
              9,500
              
              $
              -Due
      to related parties
              
              850
              
              
              -Total
      Current Liabilities
              
              10,350
              
              
              -STOCKHOLDERS'
      EQUITYCommon
      stock, $0.001 par value, 75,000,000shares
      authorized,5,496,400 and
      5,496,000 shares issued and outstanding,
      respectively
              
              5,496
              
              
              5,496Additional
      paid-in capital
              
              27,827
              
              
              27,827Deficit
      accumulated during the exploration stage
              
              (17,667)
              
              
              (3,695)Total
      Stockholders' Equity
              
              15,656
              
              
              29,628TOTAL
      LIABILITIES AND STOCKHOLDERS' EQUITY
              $
              26,006
              
              $
              29,628




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


Table of Contents


WESTERN
RIDGE MINERALS, INC. (A Development Stage Company) Statements of Operations


For
      the YearEndedMarch
      31,2009
              
              From
      Inceptionon August
      16,2007
      ThroughMarch
      31,2008
              
              From
      Inceptionon August
      16,2007
      ThroughMarch
      31,2009REVENUES
              $
              -
              
              $
              -
              
              $
              -OPERATING
      EXPENSESGeneral
      and administrative
              
              13,972
              
              
              3,695
              
              
              17,667Total
      Operating Expenses
              
              13,972
              
              
              3,695
              
              
              17,667INCOME
      (LOSS) FROM OPERATIONS
              
              (13,972)
              
              
              (3,695)
              
              
              (17,667)OTHER
      EXPENSESInterest
      expense
              
              -
              
              
              -
              
              
              -LOSS
      BEFORE TAXES
              
              (13,972)
              
              
              (3,695)
              
              
              (17,667)Income
      taxes
              
              -
              
              
              -
              
              
              -NET
      LOSS
              $
              (13,972)
              
              $
              (3,695)
              
              $
              (17,667)BASIC
      LOSS PER COMMON SHARE
              $
              (0.00)
              
              $
              (0.00)WEIGHTED
      AVERAGE NUMBER OFCOMMON SHARES
      OUTSTANDING
              
              5,496,400
              
              
              3,928,271




The
accompanying notes are an integral part of these financial
statements


Table of Contents


WESTERN
RIDGE MINERALS, INC. (A Development Stage Company) Statements of Stockholders' Equity


Common
      Stock
              
              AdditionalPaid-In
              
              DeficitAccumulatedDuring
      theExploration
              
              TotalStockholders'Shares
              
              Amount
              
              Capital
              
              Stage
              
              EquityBalance,
      August 16, 2007
              -
              
              $
              -
              
              $
              -
              
              $
              -
              
              $
              -Shares
      issued for cashat $0.001 per
      share to the founders
              3,000,000
              
              
              3,000
              
              
              -
              
              
              -
              
              
              3,000Shares
      issued for cashat $0.0075 per
      share
              2,415,000
              
              
              2,415
              
              
              15,698
              
              
              -
              
              
              18,113Shares
      issued for cashat $0.15 per
      share
              81,400
              
              
              81
              
              
              12,129
              
              
              -
              
              
              12,210Net
      loss since inceptionthrough March 31,
      2008
              -
              
              
              -
              
              
              -
              
              
              (3,695)
              
              
              (3,695)Balance,
      March 31, 2008
              5,496,400
              
              
              5,496
              
              
              27,827
              
              
              (3,695)
              
              
              29,628Net
      loss for the year endedMarch 31,
      2009
              -
              
              
              -
              
              
              -
              
              
              (13,972)
              
              
              (13,972)Balance,
      March 31, 2009
              5,496,400
              
              $
              5,496
              
              $
              27,827
              
              $
              (17,667)
              
              $
              15,656




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


Table of Contents


WESTERN
RIDGE MINERALS, INC. (A
Development Stage Company) Statements of Cash Flows


For
      the YearEndedMarch
      31,2009
              
              From
      Inceptionon August
      16,2007
      ThroughMarch
      31,2008
              
              From
      Inceptionon August
      16,2007
      ThroughMarch
      31,2009OPERATING
      ACTIVITIESNet
      loss
              $
              (13,972)
              
              
              (3,695)
              
              $
              (17,667)Adjustments
      to Reconcile Net Loss to NetCash
      Used in Operating Activities:Changes
      in operating assets and liabilities:Changes
      in accounts receivables
              
              -
              
              
              -
              
              
              -Changes
      in accounts payable andaccrued
      expenses
              
              9,500
              
              
              -
              
              
              9,500Net
      Cash Used in Operating Activities(4,472)
              
              
              (3,695)
              
              
              (8,167)INVESTING
      ACTIVITIES
              
              -
              
              
              -
              
              
              -FINANCING
      ACTIVITIESLoans
      from related parties
              
              850
              
              
              -
              
              
              850Common
      stock issued for cash
              
              -
              
              
              33,323
              
              
              33,323Net
      Cash Provided by Financing Activities
              
              850
              
              
              33,323
              
              
              34,173NET
      DECREASE IN CASH
              
              (3,622)
              
              
              29,628
              
              
              26,006CASH
      AT BEGINNING OF PERIOD
              
              29,628
              
              
              -
              
              
              -CASH
      AT END OF PERIOD
              $
              26,006
              
              $
              29,628
              
              $
              26,006SUPPLEMENTAL
      DISCLOSURES OFCASH
      FLOW INFORMATIONCASH
      PAID FOR:Interest
              $
              -
              
              $
              -
              
              $
              -Income
      Taxes
              $
              -
              
              $
              -
              
              $
              -




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


Table of Contents


WESTERN
RIDGE MINERALS, INC.


(A
Development Stage Company)
 Notes to Consolidated Financial Statements
 March 31,
2009 and 2008


NOTE
1.  GENERAL ORGANIZATION AND BUSINESSES
 
 Western
Ridge Minerals, (the Company) was incorporated on August 16, 2007 under the laws
of the State of Nevada.  The Company was formed to engage in the
exploration for and extraction of minerals.
 
 NOTE  2.  SUMMARY
OF SIGNIFICANT ACCOUNTING PRACTICES
 
 Accounting
Basis
 
 These
financial statements are prepared on the accrual basis of accounting in
conformity with accounting principles generally accepted in the United States of
America. The Company has adopted a March 31 fiscal year end.
 
 Cash and Cash
Equivalents
 
 For the
purpose of the statement of cash flows, cash equivalents include all highly
liquid investments with maturity of three months or less.
 
 Earnings (Loss) per
Share
 
 The basic
earnings (loss) per share are calculated by dividing the Company’s net income
available to common shareholders by the weighted average number of common shares
outstanding during the year. The diluted earnings (loss) per share are
calculated by dividing the Company’s net income (loss) available to common
shareholders by the diluted weighted average number of shares outstanding during
the year. The diluted weighted average number of shares outstanding is the basic
weighted number of shares adjusted as of the first of the year for any
potentially dilutive debt or equity. There are no diluted shares
outstanding as of March 31, 2009.
 
 Dividends
 
 The
Company has not adopted any policy regarding payment of dividends. No dividends
have been paid during the period shown.
 
 Income
Taxes
 
 The
Company provides for income taxes under Statement of Financial Accounting
Standards NO. 109, “Accounting for Income Taxes.” SFAS No. 109 requires the use
of an asset and liability approach in accounting for income taxes.
 
 SFAS No.
109 requires the reduction of deferred tax assets by a valuation allowance if,
based on the weight of available evidence, it is more likely than not that some
or all of the deferred tax assets will not be realized.  No provision
for income taxes is included in the statement due to its immaterial amount, net
of the allowance account, based on the likelihood of the Company to utilize the
loss carry-forward.
  Table of Contents


WESTERN
RIDGE MINERALS, INC.


(A
Development Stage Company)
 Notes to
Consolidated Financial Statements
 March 31,
2009 and 2008
  NOTE
2.  SUMMARY OF SIGNIFICANT ACCOUNTING PRACTICES
(CONTINUED)
 
 Use of
Estimates
 
 The
preparation of financial statements in conformity with accounting principles
generally accepted in the United States of America requires management to make
estimates and assumptions that affect the reported amounts of assets and
liabilities and disclosure of contingent assets and liabilities at the date of
the financial statements and the reported amounts of revenue and expenses during
the reporting period. Actual results could differ from those
estimates.
  Revenue and Cost
Recognition
  The
Company has no current source of revenue; therefore the Company has not yet
adopted any policy regarding the recognition of revenue or cost.
 
 NOTE
3.  INCOME TAXES:
 
 The
Company provides for income taxes under Statement of Financial Accounting
Standards No. 109, Accounting for Income Taxes. SFAS No. 109 requires the use of
an asset and liability approach in accounting for income taxes. Deferred tax
assets and liabilities are recorded based on the differences between the
financial statement and tax bases of assets and liabilities and the tax rates in
effect when these differences are expected to reverse. The Company’s predecessor
operated as entity exempt from Federal and State income taxes.
 
 SFAS No.
109 requires the reduction of deferred tax assets by a valuation allowance if,
based on the weight of available evidence, it is more likely than not that some
or all of the deferred tax assets will not be realized.
 
 The
provision for income taxes differs from the amounts which would be provided by
applying the statutory federal income tax rate of 39% to the net loss before
provision for income taxes for the following reasons:
 
 March
      31,
                  2009
                
                March
      31,
                  2008Income
      tax expense at statutory rate
                $
                (5,449)
                
                $
                (1,441)Common
      stock issued for services
                
                -
                
                
                -Valuation
      allowance
                
                5,449
                
                
                1,441Income
      tax expense per books
                $
                -
                
                $
                -
 
 Net
deferred tax assets consist of the following components as of:
 
 March
      31,
                  2009
                
                March
      31,
                  2008NOL
      carryover
                $
                6,890
                
                $
                1,441Valuation
      allowance
                
                (6,890)
                
                
                (1,441)Net
      deferred tax asset
                $
                -
                
                $
                -
  Table of Contents


WESTERN
RIDGE MINERALS, INC.
 (A
Development Stage Company)
 Notes to
Consolidated Financial Statements
 March 31,
2009 and 2008
  NOTE
3.  INCOME TAXES (CONTINUED)
 
 Due to
the change in ownership provisions of the Tax Reform Act of 1986, net operating
loss carry forwards of $17,667 for federal income tax reporting purposes are
subject to annual limitations. When a change in ownership occurs, net operating
loss carry forwards may be limited as to use in future years.
 
 NOTE
4.  STOCKHOLDERS’ EQUITY
 
 Common
Stock
 
 On
September 5, 2007, the Board of Directors authorized 3,000,000 shares at par
value to its founding shareholder for cash of $3,000.
 
 On
January 5, 2008, the Company completed an unregistered private offering of
2,415,000 common shares of stock at $0.0075 per share for cash of
$18,113.  On January 31, 2008, the Company completed an unregistered
private offering of 81,400 common shares of stock at $0.15 per share for cash of
$12,210.
 
 No shares
were issued during the fiscal year ended March 31, 2009.
 
 NOTE  5.  GOING
CONCERN
  The
accompanying financial statements have been prepared assuming that the company
will continue as a going concern.  As discussed in the notes to the
financial statements, the Company has no established source of
revenue.  This raises substantial doubt about the Company’s ability to
continue as a going concern.  Without realization of additional
capital, it would be unlikely for the Company to continue as a going
concern.  The financial statements do not include any adjustments that
might result from this uncertainty.
  The
Company’s activities to date have been supported by equity
financing.  It has sustained losses in all previous reporting periods
with an inception to date loss of $17,667 as of March 31, 2009.
  Management
may seek funding from its shareholders and other qualified investors
to pursue its business plan.  In the alternative, the Company may be
amenable to a sale, merger or other acquisition in the event such
transaction is deemed by management to be in the best interests of the
shareholders.
  NOTE  6.  THE
EFFECT OF RECENTLY ISSUED ACCOUNTING STANDARDS
 
 In April
2009, the FASB issued FSP No. FAS 157-4, “Determining Fair Value When the Volume
and Level of Activity for the Asset or Liability Have Significantly Decreased
and Identifying Transactions That Are Not Orderly” (“FSP FAS
157-4”).  FSP FAS 157-4 provides guidance on estimating fair value
when market activity has decreased and on identifying transactions that are not
orderly.  Additionally, entities are required to disclose in interim
and annual periods the inputs and valuation techniques used to measure fair
value.  This FSP is effective for interim and annual periods ending
after June 15, 2009.  The Company does not expect the adoption of FSP
FAS 157-4 will have a material impact on its financial condition or results of
operation.
  Table of Contents


WESTERN
RIDGE MINERALS, INC.


(A
Development Stage Company)
 Notes to
Consolidated Financial Statements
 March 31,
2009 and 2008
   NOTE  6.  THE
EFFECT OF RECENTLY ISSUED ACCOUNTING STANDARDS (CONTINUED)
 
 In
October 2008, the FASB issued FSP No. FAS 157-3, “Determining the Fair Value of
a Financial Asset When the Market for That Asset is Not Active,” (“FSP FAS
157-3”), which clarifies application of SFAS 157 in a market that is not
active.  FSP FAS 157-3 was effective upon issuance, including prior
periods for which financial statements have not been issued.  The
adoption of FSP FAS 157-3 had no impact on the Company’s results of operations,
financial condition or cash flows.
 
 In
December 2008, the FASB issued FSP No. FAS 140-4 and FIN 46(R)-8, “Disclosures
by Public Entities (Enterprises) about Transfers of Financial Assets and
Interests in Variable Interest Entities.”  This disclosure-only FSP
improves the transparency of transfers of financial assets and an enterprise’s
involvement with variable interest entities, including qualifying
special-purpose entities.  This FSP is effective for the first
reporting period (interim or annual) ending after December 15, 2008, with
earlier application encouraged.  The Company adopted this FSP
effective January 1, 2009.  The adoption of the FSP had no impact
on the Company’s results of operations, financial condition or cash
flows.
 
 In
December 2008, the FASB issued FSP No. FAS 132(R)-1, “Employers’ Disclosures
about Postretirement Benefit Plan Assets” (“FSP FAS 132(R)-1”).  FSP
FAS 132(R)-1 requires additional fair value disclosures about employers’ pension
and postretirement benefit plan assets consistent with guidance contained in
SFAS 157.  Specifically, employers will be required to disclose
information about how investment allocation decisions are made, the fair value
of each major category of plan assets and information about the inputs and
valuation techniques used to develop the fair value measurements of plan assets.
This FSP is effective for fiscal years ending after December 15,
2009.  The Company does not expect the adoption of FSP FAS 132(R)-1
will have a material impact on its financial condition or results of
operation.
 
 In
September 2008, the FASB issued exposure drafts that eliminate qualifying
special purpose entities from the guidance of SFAS No. 140, “Accounting for
Transfers and Servicing of Financial  Assets and  Extinguishments of
Liabilities,” and  FASB  Interpretation 46 (revised December 2003),
“Consolidation of  Variable  Interest Entities − an
interpretation of ARB  No. 51,” as well as other
modifications.  While the proposed revised pronouncements have not
been finalized and the proposals are subject to further public comment, the
Company anticipates the changes will not have a significant impact on the
Company’s financial statements.  The changes would be effective March
1, 2010, on a prospective basis.
 
 In
June 2008, the FASB issued FASB Staff Position EITF 03-6-1, Determining Whether Instruments
Granted in Share-Based Payment Transactions Are Participating Securities,
(“FSP EITF 03-6-1”). FSP EITF 03-6-1 addresses whether instruments granted in
share-based payment transactions are participating securities prior to vesting,
and therefore need to be included in the computation of earnings per share under
the two-class method as described in FASB Statement of Financial Accounting
Standards No. 128, “Earnings per Share.” FSP EITF 03-6-1 is effective for
financial statements issued for fiscal years beginning on or after
December 15, 2008 and earlier adoption is prohibited. We are not required
to adopt FSP EITF 03-6-1; neither do we believe that FSP EITF 03-6-1 would have
material effect on our consolidated financial positionand results of
operations if adopted.
  Table of Contents


WESTERN
RIDGE MINERALS, INC.


(A
Development Stage Company)
 Notes to
Consolidated Financial Statements
 March 31,
2009 and 2008
   NOTE  6.  THE EFFECT OF RECENTLY ISSUED
ACCOUNTING STANDARDS (CONTINUED)
 
 In May
2008, the Financial Accounting Standards Board (“FASB”) issued SFAS No. 163,
“Accounting for Financial Guarantee Insurance Contracts-and interpretation of
FASB Statement No. 60”.  SFAS No. 163 clarifies how Statement 60
applies to financial guarantee insurance contracts, including the recognition
and measurement of premium revenue and claims liabilities. This statement also
requires expanded disclosures about financial guarantee insurance contracts.
SFAS No. 163 is effective for fiscal years beginning on or after December 15,
2008, and interim periods within those years. SFAS No. 163 has no effect on the
Company’s financial position, statements of operations, or cash flows at this
time.
 
 In May
2008, the Financial Accounting Standards Board (“FASB”) issued SFAS No. 162,
“The Hierarchy of Generally Accepted Accounting Principles”.  SFAS No.
162 sets forth the level of authority to a given accounting pronouncement or
document by category. Where there might be conflicting guidance between two
categories, the more authoritative category will prevail. SFAS No. 162 will
become effective 60 days after the SEC approves the PCAOB’s amendments to AU
Section 411 of the AICPA Professional Standards. SFAS No. 162 has no effect on
the Company’s financial position, statements of operations, or cash flows at
this time.
 
 In March
2008, the Financial Accounting Standards Board, or FASB, issued SFAS No. 161,
Disclosures about Derivative Instruments and Hedging Activities—an amendment of
FASB Statement No. 133.  This standard requires companies to provide
enhanced disclosures about (a) how and why an entity uses derivative
instruments, (b) how derivative instruments and related hedged items are
accounted for under Statement 133 and its related interpretations, and (c) how
derivative instruments and related hedged items affect an entity’s financial
position, financial performance, and cash flows. This Statement is effective for
financial statements issued for fiscal years and interim periods beginning after
November 15, 2008, with early application encouraged. The Company has not yet
adopted the provisions of SFAS No. 161, but does not expect it to have a
material impact on its consolidated financial position, results of operations or
cash flows.
 
 In
December 2007, the SEC issued Staff Accounting Bulletin (SAB) No. 110 regarding
the use of a "simplified" method, as discussed in SAB No. 107 (SAB 107), in
developing an estimate of expected term of "plain vanilla" share options in
accordance with SFAS No. 123 (R), Share-Based Payment.  In particular,
the staff indicated in SAB 107 that it will accept a company's election to use
the simplified method, regardless of whether the company has sufficient
information to make more refined estimates of expected term. At the time SAB 107
was issued, the staff believed that more detailed external information about
employee exercise behavior (e.g., employee exercise patterns by industry and/or
other categories of companies) would, over time, become readily available to
companies. Therefore, the staff stated in SAB 107 that it would not expect a
company to use the simplified method for share option grants after
 
 December
31, 2007. The staff understands that such detailed information about employee
exercise behavior may not be widely available by December 31, 2007. Accordingly,
the staff will continue to accept, under certain circumstances, the use of the
simplified method beyond December 31, 2007. The Company currently uses the
simplified method for “plain vanilla” share options and warrants, and will
assess the impact of SAB 110 for fiscal year 2009. It is not believed that this
will have an impact on the Company’s consolidated financial position, results of
operations or cash flows.
  Table of Contents


WESTERN
RIDGE MINERALS, INC.


(A
Development Stage Company)
 Notes to
Consolidated Financial Statements
 March 31,
2009 and 2008
  NOTE  6.  THE
EFFECT OF RECENTLY ISSUED ACCOUNTING STANDARDS (CONTINUED)
 
 In
December 2007, the FASB issued SFAS No. 160, Noncontrolling Interests in
Consolidated Financial Statements—an amendment of ARB No. 51.  This
statement amends ARB 51 to establish accounting and reporting standards for the
noncontrolling interest in a subsidiary and for the deconsolidation of a
subsidiary. It clarifies that a noncontrolling interest in a subsidiary is an
ownership interest in the consolidated entity that should be reported as equity
in the consolidated financial statements. Before this statement was issued,
limited guidance existed for reporting noncontrolling interests. As a result,
considerable diversity in practice existed. So-called minority interests were
reported in the consolidated statement of financial position as liabilities or
in the mezzanine section between liabilities and equity. This statement improves
comparability by eliminating that diversity. This statement is effective for
fiscal years, and interim periods within those fiscal years, beginning on or
after December 15, 2008 (that is, January 1, 2009, for entities with calendar
year-ends). Earlier adoption is prohibited. The effective date of this statement
is the same as that of the related Statement 141 (revised 2007). The Company
will adopt this Statement beginning March 1, 2009. It is not believed that this
will have an impact on the Company’s consolidated financial position, results of
operations or cash flows.
 
 In
December 2007, the FASB, issued FAS No. 141 (revised 2007), Business
Combinations’.  This Statement replaces FASB Statement No. 141,
Business Combinations, but retains the fundamental requirements in
Statement 141.  This Statement establishes principles and
requirements for how the acquirer: (a) recognizes and measures in its financial
statements the identifiable assets acquired, the liabilities assumed, and any
noncontrolling interest in the acquiree; (b) recognizes and measures the
goodwill acquired in the business combination or a gain from a bargain purchase;
and (c) determines what information to disclose to enable users of the financial
statements to evaluate the nature and financial effects of the business
combination. This statement applies prospectively to business combinations for
which the acquisition date is on or after the beginning of the first annual
reporting period beginning on or after December 15, 2008. An entity may not
apply it before that date. The effective date of this statement is the same as
that of the related FASB Statement No. 160, Noncontrolling Interests in
Consolidated Financial Statements.  The Company will adopt this
statement beginning March 1, 2009. It is not believed that this will have an
impact on the Company’s consolidated financial position, results of operations
or cash flows.
 
 In
February 2007, the FASB, issued SFAS No. 159, The Fair Value Option for
Financial Assets and Liabilities—Including an Amendment of FASB Statement No.
115.  This standard permits an entity to choose to measure many
financial instruments and certain other items at fair value. This option is
available to all entities. Most of the provisions in FAS 159 are elective;
however, an amendment to FAS 115 Accounting for Certain Investments in Debt and
Equity Securities applies to all entities with available for sale or trading
securities. Some requirements apply differently to entities that do not report
net income. SFAS No. 159 is effective as of the beginning of an entity’s first
fiscal year that begins after November 15, 2007. Early adoption is permitted as
of the beginning of the previous fiscal year provided that the entity makes that
choice in the first 120 days of that fiscal year and also elects to apply the
provisions of SFAS No. 157 Fair Value Measurements.  The Company will
adopt SFAS No. 159 beginning March 1, 2008 and is currently evaluating the
potential impact the adoption of this pronouncement will have on its
consolidated financial statements.
  Table of Contents


WESTERN
RIDGE MINERALS, INC.
 (A
Development Stage Company)
 Notes to
Consolidated Financial Statements
 March 31,
2009 and 2008
  NOTE  6.  THE
EFFECT OF RECENTLY ISSUED ACCOUNTING STANDARDS (CONTINUED)
 In
September 2006, the FASB issued SFAS No. 157, Fair Value
Measurements  This statement defines fair value, establishes a
framework for measuring fair value in generally accepted accounting principles
(GAAP), and expands disclosures about fair value measurements. This statement
applies under other accounting pronouncements that require or permit fair value
measurements, the Board having previously concluded in those accounting
pronouncements that fair value is the relevant measurement attribute.
Accordingly, this statement does not require any new fair value measurements.
However, for some entities, the application of this statement will change
current practice. This statement is effective for financial statements issued
for fiscal years beginning after November 15, 2007, and interim periods within
those fiscal years. Earlier application is encouraged, provided that the
reporting entity has not yet issued financial statements for that fiscal year,
including financial statements for an interim period within that fiscal year.
The Company will adopt this statement March 1, 2008, and it is not believed that
this will have an impact on the Company’s consolidated financial position,
results of operations or cash flows.
  Table of
Contents