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

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

| Nevada                          |   |                |
|---------------------------------|--------|---------------------|
| (State or other jurisdiction of |   | (I.R.S. Employer    |
| incorporation or organization)  |   | Identification No.) |

| 2432 M. Dela Cruz                        |   |       |
|------------------------------------------|--------|------------|
| Pasay City, Philippines, 1300            |   |       |
| (address of principal executive offices) |   | (Zip code) |

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| Title of each class:                             |   | Name of each exchange on which registered: |
|-----------------------------------------------------------------|--------|--------------------------------------------------------------------------|
| Common Stock, par value $.001per share |   | None                                                                     |

| Large accelerated filer  ̈     |   | Accelerated filer  ̈    |
|-----------------------------------------|--------|----------------------------------|
|                                    |   |                             |
|  Non-accelerated filer  ̈ |   | Smaller Reporting Company x |

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| PART I   |          |   | -1-                                                                                                          |   |
|----------|---------------|--------|--------------------------------------------------------------------------------------------------------------|--------|
|     |          |   |                                                                                                         |   |
|     | Item 1.  |   | Business                                                                                                     |   |   | -1- |   |
|     |          |   |                                                                                                         |   |   |   |   |
|     | Item 1A. |   | Risk Factors                                                                                                 |   |   | -15- |   |
|     |          |   |                                                                                                         |   |   |   |   |
|     | Item 1B. |   | Unresolved Staff Comments                                                                                    |   |   | -20- |   |
|     |          |   |                                                                                                         |   |   |   |   |
|     | Item 2.  |   | Properties                                                                                                   |   |   | -20- |   |
|     |          |   |                                                                                                         |   |   |   |   |
|     | Item 3.  |   | Legal Proceedings                                                                                            |   |   | -22- |   |
|     |          |   |                                                                                                         |   |   |   |   |
|     | Item 4.  |   | (Removed and Reserved)                                                                                       |   |   | -22- |   |
|     |          |   |                                                                                                         |   |
| PART II  |          |   | -22-                                                                                                         |   |
|     |          |   |                                                                                                         |   |
|     | Item 5.  |   | Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities |   |   | -22- |   |
|     |          |   |                                                                                                         |   |   |   |   |
|     | Item 6.  |   | Selected Consolidated Financial Data                                                                         |   |   | -22- |   |
|     |          |   |                                                                                                         |   |   |   |   |
|     | Item 7.  |   | Management's Discussion and Analysis of Financial Condition and Results of Operation                         |   |   | -25- |   |
|     |          |   |                                                                                                         |   |   |   |   |
|     | Item 7A. |   | Quantitative and Qualitative Disclosures about Market Risk                                                   |   |   | -29- |   |
|     |          |   |                                                                                                         |   |   |   |   |
|     | Item 8.  |   | Consolidated Financial Statements and Supplementary Data                                                     |   |   | -30- |   |
|     |          |   |                                                                                                         |   |   |   |   |
|     | Item 9.  |   | Changes in and Disagreements with Accountants on Accounting and Financial Disclosure                         |   |   | -38- |   |
|     |          |   |                                                                                                         |   |   |   |   |
|     | Item 9A. |   | Controls and Procedures                                                                                      |   |   | -38- |   |
|     |          |   |                                                                                                         |   |   |   |   |
|     | Item 9B. |   | Other Information                                                                                            |   |   | -38- |   |
|     |          |   |                                                                                                         |   |   |   |   |
| PART III |          |   | -38-                                                                                                         |   |
|     |          |   |                                                                                                         |   |
|     | Item 10. |   | Directors, Executive Officers and Corporate Governance                                                       |   |   | -38- |   |
|     |          |   |                                                                                                         |   |   |   |   |
|     | Item 11. |   | Executive Compensation                                                                                       |   |   | -41- |   |
|     |          |   |                                                                                                         |   |   |   |   |
|     | Item 12. |   | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters               |   |   | -42- |   |
|     |          |   |                                                                                                         |   |   |   |   |
|     | Item 13. |   | Certain Relationships and Related Transactions and Director Independence                                     |   |   | -42- |   |
|     |          |   |                                                                                                         |   |   |   |   |
|     | Item 14. |   | Principal Accounting Fees and Services                                                                       |   |   | -43- |   |
|     |          |   |                                                                                                         |   |   |   |   |
| PART IV  |          |   | -43-                                                                                                         |   |
|     |          |   |                                                                                                         |   |
|     | Item 15. |   | Exhibits, Financial Statement Schedules                                                                      |   |   | -43- |   |
|     |          |   |                                                                                                         |   |   |   |   |
|     | SIGNATURES    |   |                                                                                                         | -44-   |   |

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|  ̈           Geological Mapping    | PHP    |   | 315,000 |   | $      | 6,770   |   |
|-------------------------------------------------------------------------------------|--------|--------|---------|--------|--------|---------|--------|
|                                                                                |   |   |    |   |   |    |   |
|  ̈           Geophysical Surveying | PHP    |   | 276,000 |   |   | 5,932   |   |
|                                                                                |   |   |    |   |   |    |   |
| Total                                                                               | PHP    |   | 591,000 |   | $      | 12, 702 |   |

|                    | PHP    |   | 1,238,500 |   | $      | 26,617          |   |
|-------------------------|--------|--------|-----------|--------|--------|-----------------|--------|
|                    |   |   |      |   |   |            |   |
| Total                   | PHP    |   | 1,238,500 |   |   | 26,617          |   |
|                    |   |   |      |   |   |            |   |
| Grand Total Exploration | PHP    |   | 1,829,500 |   | $      | 39,319 USD |   |

| Amphibolite | a class of metamorphic rock composed mainly of amphibole with some quartz |
|-------------|--------------------------------------------------------------------------------|

| Andesite | a class of fine-grained rock, of volcanic origin, containing mostly plagioclase and feldspar |
|----------|----------------------------------------------------------------------------------------------|

| Anorthosite | a phaneritic, intrusive igneous rock characterized by a predominance of plagioclase feldspar |
|-------------|-------------------------------------------------------------------------------------------------------------|

| Aplite | a fine-grained granitic rock composed mostly of quartz and feldspars |
|--------|---------------------------------------------------------------------------|

----

| Aquifer | an underground layer of water-bearing porous stone, earth, or gravel |
|---------|---------------------------------------------------------------------------|

| Argile | clay |
|--------|------|

| Argillite | a rock derived either from siltstone, claystone or shale that has undergone a somewhat higher degree of induration than is present in those rocks. |
|-----------|----------------------------------------------------------------------------------------------------------------------------------------------------|

| Assaying | laboratory examination that determines the content or proportion of a specific metal contained within a sample. |
|----------|-----------------------------------------------------------------------------------------------------------------|

| Auriferous | refers to gold (AU) or gold equivalents (AUEQ). |
|------------|-------------------------------------------------|

| Basalt | a hard rock of varied mineral content; volcanic in origin, it makes up much of the Earth's crust |
|--------|--------------------------------------------------------------------------------------------------|

| Bauxite | the principal ore of aluminium; a clay-like mineral, being a mixture of hydrated oxides and hydroxides. |
|---------|-------------------------------------------------------------------------------------------------------------------|

| Caldera | a large circular volcanic depression often originating due to collapse |
|---------|------------------------------------------------------------------------|

|  Charnockites | any orthopyroxene-bearing granite, composed mainly of quartz, perthite or antiperthite and orthopyroxene (usually hypersthene), as an end-member of the charnockite series.                                                                                                                                                                                                                                                                 |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|               |                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| Chert              | massive, dull-colored and opaque quartzite, hornstone, impure chalcedony or other flint-like mineral. By general usage in mineralogy and geology, a chert does not have a conchoidal fracture. In North American archeology the term chert occasionally is still used for various siliceous minerals (including flint) that have a conchoidal fracture; this leads to confusion between the terms flint and chert in some archeology texts. |
|               |                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| Clay               | a mineral substance made up of small crystals of silica and alumina, that is ductile when moist; the material of pre-fired ceramics; an earth material with ductile qualities                                                                                                                                                                                                                                                               |
|               |                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| Clinopyroxene      | any pyroxene that has a monoclinic crystal structure                                                                                                                                                                                                                                                                                                                                                                                        |
|               |                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| Coal               | a readily combustible black or brownish-black sedimentary rock normally occurring in rock strata in layers or veins called coal beds. The harder forms, such as anthracite coal, can be regarded as metamorphic rock because of later exposure to elevated temperature and pressure. Coal is composed primarily of carbon along with variable quantities of other elements, chiefly sulfur, hydrogen, oxygen and nitrogen.                  |
|               |                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| Copper             | a chemical element with the symbol Cu (Latin: cuprum) and atomic number 29. It is a ductile metal with very high thermal and electrical conductivity. Pure copper is rather soft and malleable, and a freshly-exposed surface has a pinkish or peachy color.                                                                                                                                                                                |

----

| Cretaceous age | a geological period and system from 145 to 65 million years ago.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| Crystalline    | a solid material, whose constituent atoms, molecules, or ions are arranged in an orderly repeating pattern extending in all three spatial dimensions; ie. crystals.                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| Dolerite       | A fine-grained basaltic rock                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| Dynamothermal  | rock formed at variable temperatures                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| Extrusive      | the mode of igneous volcanic rock formation in which hot magma from inside the Earth flows out (extrudes) onto the surface as lava or explodes violently into the atmosphere to fall back as pyroclastics or tuff. This is opposed to intrusive rock formation, in which magma does not reach the surface. The main effect of extrusion is that the magma can cool much more quickly in the open air or under seawater, and there is little time for the growth of crystals. Often, a residual portion of the matrix fails to crystallize at all, instead becoming an interstitial natural glass or obsidian. |
|           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| Fault          | a break in the continuity of a body of rock.  It is accompanied by a movement on one side of the break or the other so that what were once parts of one continuous rock stratum or vein are now separated.  The amount of displacement of the parts may range from a few inches to thousands of feet.                                                                                                                                                                                                                                                                                     |
|           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| Feldspar       | any of a large group of rock-forming minerals that, together, make up about 60% of the earth's outer crust. The feldspars are all aluminum silicates of the alkali metals sodium, potassium, calcium and barium. Feldspars are the principal constituents of igneous and plutonic rocks.                                                                                                                                                                                                                                                                                                                      |
|           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| Flatmake       | flat-dipping fractures                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |

| Fold         | a curve or bend of a planar structure such as rock stata, bedding planes, foliation, or cleavage.                                                                                                                                                                                                                                                                  |
|--------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|         |                                                                                                                                                                                                                                                                                                                                                               |
| Foliation    | A general term for a planar arrangement of textural or structural features in any type of rock; esp., the planar structure that results from flattening of the constituent grains of a metamorphic rock.                                                                                                                                                           |
|         |                                                                                                                                                                                                                                                                                                                                                               |
| Formation    | a distinct layer of sedimentary rock of similar composition.                                                                                                                                                                                                                                                                                                       |
|         |                                                                                                                                                                                                                                                                                                                                                               |
| Gabbro       | a group of dark-colored, basic intrusive igneous rocks composed principally of basic plagioclase (commonly labradorite or bytownite) and clinopyroxene (augite), with or without olivine and orthopyroxene; also, any member of that group. It is the approximate intrusive equivalent of basalt. Apatite and magnetite or ilmenite are common accessory minerals. |
|         |                                                                                                                                                                                                                                                                                                                                                               |
| Geochemistry | the study of the distribution and amounts of the chemical elements in minerals, ores, rocks, solids, water, and the atmosphere.                                                                                                                                                                                                                                    |

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| Geophysicist | one who studies the earth; in particular the physics of the solid earth, the earth’s magnetosphere, and the atmosphere.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|--------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| Geotechnical | the study of ground stability                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| Gneiss       | a foliated rock formed by regional metamorphism, in which bands or lens-shaped strata or bodies of rock of granular minerals alternate with bands or lens-shaped strata or bodies or rock in which minerals having flaky or elongate prismatic habits predominate                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| Gold         | chemical element with the symbol Au (from Latin: aurum, "shining dawn") and an atomic number of 79. It has been a highly sought-after precious metal for coinage, jewelry, and other arts since the beginning of recorded history. The metal occurs as nuggets or grains in rocks, in veins and in alluvial deposits. Gold is dense, soft, shiny and the most malleable and ductile pure metal known. Pure gold has a bright yellow color and luster traditionally considered attractive, which it maintains without oxidizing in air or water. Gold is one of the coinage metals and has served as a symbol of wealth and a store of value throughout history. Gold standards have provided a basis for monetary policies. It also has been linked to a variety of symbolisms and ideologies. |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| Granite      | highly felsic igneous plutonic rock, typically light in color; rough plutonic equivalent of rhyolite.  Granite is actually quite rare in the U.S.; often the term is applied to any quartz-bearing plutonic rock.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| Granodiorite | a group of coarse-grained plutonic rocks intermediate in composition between quartz diorite and quartz monzonite, and potassium feldspar, with biotite, hornblende, or more rarely, pyroxene, as the mafic component.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| Granulite    | fine to medium–grained metamorphic rocks that have experienced high temperatures of metamorphism, composed mainly of feldspars sometimes associated with quartz and anhydrous ferromagnesian minerals, with granoblastic texture and gneissose to massive structure. They are of particular interest to geologists because many granulites represent samples of the deep continental crust. Some granulites experienced decompression from deep in the Earth to shallower crustal levels at high temperature; others cooled while remaining at depth in the Earth.                                                                                                                                                                                                                       |

|  Graphite | one of the allotropes of carbon. Unlike diamond (another carbon allotrope), graphite is an electrical conductor, a semimetal, and can be used, for instance, in the electrodes of an arc lamp. Graphite holds the distinction of being the most stable form of carbon under standard conditions.                                                                                                                                                                                                                                                                                                     |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| Gypsum         | a mineral consisting of the hydrated calcium sulphate. When calcined, it forms plaster of Paris.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|           | Heavy mineral sands ore deposits a class of ore deposit which is an important source of zirconium, titanium, thorium, tungsten, rare earth elements, the industrial minerals diamond, sapphire, garnet, and occasionally precious metals or gemstones. Heavy mineral sands are placer deposits formed most usually in beach environments by concentration due to the specific gravity of the mineral grains. It is equally likely that some concentrations of heavy minerals (aside from the usual gold placers) exist within streambeds, but most are of a low grade and are relatively small. |

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| Hydrothermal | creation of rock with fluid at high temperatures                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|--------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| Igneous      | resulting from, or produced by, the action of great heat; with rocks, it could also mean formed from lava/magma; granite and basalt are igneous rocks                                                                                                                                                                                                                                                                                                                                                        |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| Intrusions   | masses of igneous rock that, while molten, were forced into other rocks.                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| Iron         | chemical element with the symbol Fe (Latin: ferrum) and atomic number 26. It is a metal in the first transition series. Like other group 8 elements, it exists in a wide range of oxidation states. Iron and iron alloys (steels) are by far the most common metals and the most common ferromagnetic materials in everyday use. Fresh iron surfaces appear lustrous silvery-gray, but oxidize in air. Iron is the most common element in the earth, albeit the fourth most common one in the earth's crust. |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| Khondalite   | a granulite-facies metasedimentary rock.                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| Laterite     | a red hard or gravel-like soil or subsoil formed in the tropics that has been leached of soluble minerals leaving insoluble iron and aluminium oxides and hydroxides; used to make bricks and roads.                                                                                                                                                                                                                                                                                                         |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| Leptynite    | a granulite.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| Lignite      | a low-grade, brownish-black coal                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| Limestone    | An abundant rock of marine and fresh-water sediments; primarily composed of calcite (calcium carbonate); it occurs in a variety of forms, both crystalline and amorphous.                                                                                                                                                                                                                                                                                                                                    |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| Marble       | a non foliated metamorphic rock composed mostly of calcite, a crystalline form of calcium carbonate. It is formed from carbonate rocks, often limestone. It is extensively used for sculpture and as a building material.                                                                                                                                                                                                                                                                                    |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| Magnetite    | a ferrimagnetic mineral with chemical formula Fe 3 O 4 , one of several iron oxides and a member of the spinel group.                                                                                                                                                                                                                                                                                                                                                                                        |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| Metamorphic  | the mineralogical, chemical, and structural adjustment of solid rocks to physical and chemical conditions that have generally been imposed at depth below the surface zones of weathering and cementation, and that differ from the conditions under which the rocks in question originated.                                                                                                                                                                                                                 |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| Metasediment | a metamorphosed sedimentary rock                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |

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|  Mica         | the name of a group of hydrous aluminosilicate minerals characterized by highly perfect cleavage, so that they readily separate into very thin leaves, more or less elastic.                                                                                                                                                                                                                                                                                                 |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| Monzonite          | an intermediate igneous intrusive rock composed of approximately equal amounts of sodic to intermediate plagioclase and orthoclase feldspars with minor amounts of hornblende, biotite and other minerals.                                                                                                                                                                                                                                                                   |
|               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| Ore                | the natural occurring mineral from which a mineral or minerals of economic value can be extracted profitable or to satisfy social or political objectives.                                                                                                                                                                                                                                                                                                                   |
|               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| Oxides             | a chemical compound containing at least one oxygen atom as well as at least one other element. Most of the Earth's crust consists of oxides. Oxides result when elements are oxidized by oxygen in air.                                                                                                                                                                                                                                                                      |
|               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| Paragneisses       | a gneiss from sedimentary rock                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| Peat               | an accumulation of partially decayed vegetation matter. Peat forms in wetland bogs, moors, muskegs, pocosins, mires, and peat swamp forests. Peat is harvested as an important source of fuel in certain parts of the world.                                                                                                                                                                                                                                                 |
|               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| Pegmatite          | a very coarse-grained, intrusive igneous rock composed of interlocking grains usually larger than 2.5 cm in size; such rocks are referred to as pegmatitic. Most pegmatites are composed of quartz, feldspar and mica; in essence a granite. Rarer intermediate composition and mafic pegmatites containing amphibole, Ca-plagioclase feldspar, pyroxene and other minerals are known, found in recrystallised zones and apophyses associated with large layered intrusions. |
|               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| Phosphatic nodules | black to brown, rounded mass, variable in size from a few millimeters to 30 or more centimeters. Usually consists of coprolites, corals, shells, and bones, more or less enveloped in crusts of collophane. Found in many horizons of marine origin. Also covering the ocean floors at manylocations around the world.                                                                                                                                                       |

| Placers         | an accumulation of valuable minerals formed by deposition of dense mineral phases in a trap site.                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| Precious metals | a rare, naturally occurring metallic chemical element of high economic value, which is not radioactive (excluding natural polonium, radium, actinium and protactinium). Chemically, the precious metals are less reactive than most elements, have high lustre, are softer or more ductile, and have higher melting points than other metals. Historically, precious metals were important as currency, but are now regarded mainly as investment and industrial commodities. Gold, silver, platinum, and palladium each have an ISO 4217 currency code. |
|            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| Production      | a “production stage” project is actively engaged in the process of extraction and beneficiation of mineral reserves to produce a marketable metal or mineral product.                                                                                                                                                                                                                                                                                                                                                                        |

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| Pyrite     | a yellow iron sulphide mineral of little value and referred to as ‘fool’s gold’.                                                                                                                                                                                                                                                                                                                     |
|------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|       |                                                                                                                                                                                                                                                                                                                                                                                                                   |
| Pyrrhotite | a bronze-colored, magnetic iron sulphide mineral                                                                                                                                                                                                                                                                                                                                                                       |
|       |                                                                                                                                                                                                                                                                                                                                                                                                                   |
| Quartz     | a common rock-forming mineral consisting of silicon and oxygen                                                                                                                                                                                                                                                                                                                                                         |
|       |                                                                                                                                                                                                                                                                                                                                                                                                                   |
| Quartzite  | a hard metamorphic rock which was originally sandstone. Sandstone is converted into quartzite through heating and pressure usually related to tectonic compression within orogenic belts. Pure quartzite is usually white to grey, though quartzites often occur in various shades of pink and red due to varying amounts of iron oxide. Other colors, such as yellow and orange, are due to other mineral impurities. |

| Reserve   | the term “reserve” refers to that part of a mineral deposit which could be economically and legally extracted or produced at the time of the reserve determination. Reserves must be supported by a feasibility study done to bankable standards that demonstrates the economic extraction. (“Bankable standards” implies that the confidence attached to the costs and achievements developed in the study is sufficient for the project to be eligible for external debt financing.) A reserve includes adjustments to the in-situ tons and grade to include diluting materials and allowances for losses that might occur when the material is mined. |
|-----------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| Schist    | any crystalline rock having a foliated structure and hence admitting of ready division into slabs or slates.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| Seismic   | referring to earthquakes                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| Shear     | a form of strain resulting from stresses that cause or tend to cause contiguous parts of a body of rock to slide relatively to each other in a direction parallel to their plane of contact.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| Silica    | the chemical compound silicon dioxide, also known as silica (from the Latin silex), is an oxide of silicon with a chemical formula of SiO 2 and has been known for its hardness since antiquity. Silica is most commonly found in nature as sand or quartz, as well as in the cell walls of diatoms. Silica is the most abundant mineral in the Earth's crust.                                                                                                                                                                                                                                                                                                                   |
|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| Stockwork | a complex system of structurally controlled or randomly oriented veins. Stockworks are common in many ore deposit types and especially notable in greisens. They are also referred to as stringer zones.                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| Stratum   | one of several parallel horizontal layers of material arranged one on top of another. A layer of sedimentary rock having approximately the same composition throughout                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| Sulphides | an anion of sulfur in its lowest oxidation number of −2. Sulfide is also a slightly archaic term for thioethers, a common type of organosulfur compound that are well known for their bad odors.                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |

----

| Telluride | a compound of a metal with tellurium; metal salts of tellurane. Any organic compound of general formula R 2 Te (R not = H), the tellurium analogues of ethers. Another name for sylvanite.                                                                                                                                                                                                                                                                                                                                                            |
|-----------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| Tonalite  | an igneous, plutonic (intrusive) rock, of felsic composition, with phaneritic texture. Feldspar is present as plagioclase (typically oligoclase or andesine) with 10% or less alkali feldspar. Quartz is present as more than 20% of the rock. Amphiboles and pyroxenes are common accessory minerals.                                                                                                                                                                                                                                                |
|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| UTM       | the Universal Transverse Mercator (UTM) coordinate system is a grid-based method of specifying locations on the surface of the Earth that is a practical application of a 2-dimensional Cartesian coordinate system. It is used to identify locations on the earth, but differs from the traditional method of latitude and longitude in several respects. The UTM system is not a single map projection. The system instead employs a series of sixty zones, each of which is based on a specifically defined secant transverse Mercator projection. |
|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| Vein      | a thin, sheet-like body of hydrothermal mineralization, principally quartz.                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |

| Wall Rock    | the rock adjacent to a vein.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|--------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| Wollastonite | a calcium inosilicate mineral (CaSiO 3 ) that may contain small amounts of iron, magnesium, and manganese substituting for calcium. It is usually white. It forms when impure limestone or dolostone is subjected to high temperature and pressure sometimes in the presence of silica-bearing fluids as in skarns or contact metamorphic rocks. Associated minerals include garnets, vesuvianite, diopside, tremolite, epidote, plagioclase feldspar, pyroxene and calcite. It is named after the English chemist and mineralogist William Hyde Wollaston (1766–1828). |

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----

|                                                           |   | May 31 |    |   | May 31 |   |
|----------------------------------------------------------------|--------|-------------|---------|--------|-------------|--------|
|                                                           |   | 2011        |    |   | 2010        |   |
| ASSETS                                                         |   |        |    |   |        |   |
|                                                           |   |        |    |   |        |   |
| Current Assets                                                 |   |        |    |   |        |   |
| Cash                                                           |   | $           | 17      |   |        | $      | 23,986 |   |
| Total Current Assets                                           |   | $           | 17      |   |        | $      | 23,986 |   |
|                                                           |   |        |    |   |        |   |   |   |
| LIABILITIES AND STOCKHOLDERS' (DEFICIENCY) EQUITY              |   |        |    |   |        |   |   |   |
| Accounts Payable                                               |   | $           | 3,390   |   |        | $      | 13,800 |   |
| Total Current Liabilities                                      |   |        | 3,390   |   |        |   | 13,800 |   |
|                                                           |   |        |    |   |        |   |   |   |
| STOCKHOLDERS' (DEFICIENCY) EQUITY                              |   |        |    |   |        |   |   |   |
| Common Stock, $0.001 par value, 300,000,000 shares authorized; |   |        |    |   |        |   |   |   |
| 30,000,000 shares issued                                       |   |        | 30,000  |   |        |   | 30,000 |   |
| Additional paid-in capital                                     |   |        | 2,900   |   |        |   | 2,900 |   |
| Accumulated deficit during the pre-exploration stage           |   |        | (36,273 | )      |        |   | (22,714 | ) |
|                                                           |   |        |    |   |        |   |   |   |
| Total Stockholders' (Deficiency) Equity                        |   |        | (3,373  | )      |        |   | 10,186 |   |
|                                                           |   |        |    |   |        |   |   |   |
| Total Liabilities and Stockholders' (Deficiency) Equity        |   | $           | 17      |   |        | $      | 23,986 |   |

----

|                                |   | Year                   |       |   | March 19, 2010 |   |       | March 19, 2010 |   |
|-------------------------------------|--------|------------------------|------------|--------|--------------------------|--------|------------|--------------------------|--------|
|                                |   | ended                  |       |   | (Inception) to      |   |       | (Inception) to      |   |
|                                |   | May 31, 2011 |       |   | May 31, 2010   |   |       | May 31, 2011   |   |
|                                |   |                   |       |   |                     |   |       |                     |   |
| REVENUES                            |   | $                      | -          |   |                     | $      | -          |                     |   | $ | - |   |
|                                |   |                   |       |   |                     |   |       |                     |   |   |   |   |
| TOTAL EXPENSES                      |   |                   | 13,559     |   |                     |   | 22,714     |                     |   |   | 36,273 |   |
|                                |   |                   |       |   |                     |   |       |                     |   |   |   |   |
| NET LOSS                            |   | $                      | (13,559    | )      |                     | $      | (22,714    | )                        |   | $ | (36,273 | ) |
|                                |   |                   |       |   |                     |   |       |                     |   |   |   |   |
| NET LOSS PER COMMON SHARE           |   |                   |       |   |                     |   |       |                     |   |   |   |   |
| Basic and diluted                   |   | $                      | (0.00      | )      |                     | $      | (0.00      | )                        |   |   |   |   |
|                                |   |                   |       |   |                     |   |       |                     |   |   |   |   |
| WEIGHTED AVERAGE OUTSTANDING SHARES |   |                   |       |   |                     |   |       |                     |   |   |   |   |
| Basic and diluted                   |   |                   | 30,000,000 |   |                     |   | 25,068,493 |                     |   |   |   |   |

----

----

| Expenses                    |   | Amount |   | Description |
|-----------------------------|--------|--------|--------|-------------|
| Accounting                  |   | $      | 4,650  |        | Fees to the independent accountant for preparing the quarterly and annual working papers for the financial statements for the calendar year ended 2011. |
| Audit                       |   |   | 4,550  |        | Review of the quarterly financial statements and audit of the annual financial statements |
| Exploration                 |   |   | 12,702 |        | Per Roberto Noga for Phase I |
| Filing Fees                 |   |   | 475    |        | Annual fee to the Secretary of State for Nevada |
| Office                      |   |   | 1,000  |        | Photocopying, delivery and fax expenses |
| Transfer agent’s fees |   |   | 1,500  |        | Annual fee of $500 and estimated miscellaneous charges of $1,000 |
| Estimated Expenses          |   | $      | 24,877 |        |   |

----

----

----

----

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

----

|                                                           |   | May 31 |    |   | May 31 |   |
|----------------------------------------------------------------|--------|-------------|---------|--------|-------------|--------|
|                                                           |   | 2011        |    |   | 2010        |   |
| ASSETS                                                         |   |        |    |   |        |   |
|                                                           |   |        |    |   |        |   |
| Current Assets                                                 |   |        |    |   |        |   |
| Cash                                                           |   | $           | 17      |   |        | $      | 23,986 |   |
| Total Current Assets                                           |   | $           | 17      |   |        | $      | 23,986 |   |
|                                                           |   |        |    |   |        |   |   |   |
| LIABILITIES AND STOCKHOLDERS' (DEFICIENCY) EQUITY              |   |        |    |   |        |   |   |   |
| Accounts Payable                                               |   | $           | 3,390   |   |        | $      | 13,800 |   |
| Total Current Liabilities                                      |   |        | 3,390   |   |        |   | 13,800 |   |
|                                                           |   |        |    |   |        |   |   |   |
| STOCKHOLDERS' (DEFICIENCY) EQUITY                              |   |        |    |   |        |   |   |   |
| Common Stock, $0.001 par value, 300,000,000 shares authorized; |   |        |    |   |        |   |   |   |
| 30,000,000 shares issued                                       |   |        | 30,000  |   |        |   | 30,000 |   |
| Additional paid-in capital                                     |   |        | 2,900   |   |        |   | 2,900 |   |
| Accumulated deficit during the pre-exploration stage           |   |        | (36,273 | )      |        |   | (22,714 | ) |
|                                                           |   |        |    |   |        |   |   |   |
| Total Stockholders' (Deficiency) Equity                        |   |        | (3,373  | )      |        |   | 10,186 |   |
|                                                           |   |        |    |   |        |   |   |   |
| Total Liabilities and Stockholders' (Deficiency) Equity        |   | $           | 17      |   |        | $      | 23,986 |   |

----

|                                          |   | Year                   |       |   | March 19, 2010 |   |       | March 19, 2010 |   |
|-----------------------------------------------|--------|------------------------|------------|--------|--------------------------|--------|------------|--------------------------|--------|
|                                          |   | ended                  |       |   | (Inception) to      |   |       | (Inception) to      |   |
|                                          |   | May 31, 2011 |       |   | May 31, 2010   |   |       | May 31, 2011   |   |
|                                          |   |                   |       |   |                     |   |       |                     |   |
| REVENUES                                      |   | $                      | -          |   |                     | $      | -          |                     |   | $ | - |   |
|                                          |   |                   |       |   |                     |   |       |                     |   |   |   |   |
| EXPENSES                                      |   |                   |       |   |                     |   |       |                     |   |   |   |   |
| Impairment of mineral claim acquisition costs |   |                   | -          |   |                     |   | 5,000      |                     |   |   | 5,000 |   |
| Administrative                                |   |                   |       |   |                     |   |       |                     |   |   |   |   |
| -Accounting & Audit                       |   |                   | 4,925      |   |                     |   | 3,800      |                     |   |   | 8,725 |   |
| -Consulting                                   |   |                   | -          |   |                     |   | 10,000     |                     |   |   | 10,000 |   |
| -Filing Fees                                  |   |                   | 8,634      |   |                     |   | 614        |                     |   |   | 9,248 |   |
| -Incorporation costs                          |   |                   | -          |   |                     |   | 400        |                     |   |   | 400 |   |
| -Management                                   |   |                   | -          |   |                     |   | 2,000      |                     |   |   | 2,000 |   |
| -Rent                                         |   |                   | -          |   |                     |   | 600        |                     |   |   | 600 |   |
| -Telephone                                    |   |                   | -          |   |                     |   | 300        |                     |   |   | 300 |   |
|                                          |   |                   |       |   |                     |   |       |                     |   |   |   |   |
| Total expenses                                |   |                   | 13,559     |   |                     |   | 22,714     |                     |   |   | 36,273 |   |
|                                          |   |                   |       |   |                     |   |       |                     |   |   |   |   |
| Net Loss                                      |   | $                      | (13,559    | )      |                     | $      | (22,714    | )                        |   | $ | (36,273 | ) |
|                                          |   |                   |       |   |                     |   |       |                     |   |   |   |   |
| NET LOSS PER COMMON SHARE                     |   |                   |       |   |                     |   |       |                     |   |   |   |   |
| Basic and diluted                             |   | $                      | (0.00      | )      |                     | $      | (0.00      | )                        |   |   |   |   |
|                                          |   |                   |       |   |                     |   |       |                     |   |   |   |   |
| WEIGHTED AVERAGE OUTSTANDING SHARES           |   |                   |       |   |                     |   |       |                     |   |   |   |   |
| Basic and diluted                             |   |                   | 30,000,000 |   |                     |   | 25,068,493 |                     |   |   |   |   |

----

|                                                        |   |              |       |   |    |   |   | Additional |   |   |        |   |   |   |    |
|-------------------------------------------------------------|--------|-------------------|------------|--------|---------|--------|--------|------------|--------|--------|-------------|--------|--------|--------|---------|
|                                                        |   | Common Stock |       |   | paid-in |   |   | Deficit    |   |   |        |   |
|                                                        |   | Shares            |       |   | Amount  |   |   | capital    |   |   | Accumulated |   |   | Total  |    |
|                                                        |   |              |       |   |    |   |   |       |   |   |        |   |   |   |    |
| Balance - March 19, 2010 (Date of Inception)                |   |              | -          |   |    | $      | -      |       |   | $      | -           |   |   | $      | -       |   |   | $ | - |   |
|                                                        |   |              |       |   |    |   |   |       |   |   |        |   |   |   |    |   |   |   |   |   |
| Stock issued for cash on March 31, 2010 at $0.001 per share |   |              | 30,000,000 |   |    |   | 30,000 |       |   |   | -           |   |   |   | -       |   |   |   | 30,000 |   |
|                                                        |   |              |       |   |    |   |   |       |   |   |        |   |   |   |    |   |   |   |   |   |
| Capital contributions - expenses                            |   |              |       |   |    |   |   |       |   |   | 2,900       |   |   |   |    |   |   |   | 2,900 |   |
|                                                        |   |              |       |   |    |   |   |       |   |   |        |   |   |   |    |   |   |   |   |   |
| Net loss for the period ended May 31,2010                   |   |              | -          |   |    |   | -      |       |   |   | -           |   |   |   | (22,714 | ) |   |   | (22,714 | ) |
|                                                        |   |              |       |   |    |   |   |       |   |   |        |   |   |   |    |   |   |   |   |   |
| Balance - May 31, 2010                                      |   |              | 30,000,000 |   |    |   | 30,000 |       |   |   | 2,900       |   |   |   | (22,714 | ) |   |   | 10,186 |   |
|                                                        |   |              |       |   |    |   |   |       |   |   |        |   |   |   |    |   |   |   |   |   |
| Net loss for the period end May 31,2011                     |   |              | -          |   |    |   | -      |       |   |   | -           |   |   |   | (13,559 | ) |   |   | (13,559 | ) |
|                                                        |   |              |       |   |    |   |   |       |   |   |        |   |   |   |    |   |   |   |   |   |
| Balance - May 31, 2011                                      |   |              | 30,000,000 |   |    | $      | 30,000 |       |   | $      | 2,900       |   |   | $      | (36,273 | ) |   |   | (3,373 | ) |

----

|                                                                                      |   | Year         |    |   | March 19,2010  |   |    | March 19,2010  |   |
|-------------------------------------------------------------------------------------------|--------|--------------|---------|--------|---------------------|--------|---------|---------------------|--------|
|                                                                                      |   | ended        |    |   | (inception) to |   |    | (inception) to |   |
|                                                                                      |   | May 31, |    |   | May 31,        |   |    | May 31,        |   |
|                                                                                      |   | 2011         |    |   | 2010                |   |    | 2011                |   |
|                                                                                      |   |         |    |   |                |   |    |                |   |
| CASH FLOWS FROM OPERATING ACTIVITIES                                                      |   |         |    |   |                |   |    |                |   |
| Net income (loss)                                                                         |   | $            | (13,559 | )      |                | $      | (22,714 | )                   |   | $ | (36,273 | ) |
|                                                                                      |   |         |    |   |                |   |    |                |   |   |   |   |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: |   |         |    |   |                |   |    |                |   |   |   |   |
| Expenses paid by shareholders                                                             |   |         | -       |   |                |   | 2,900   |                |   |   | 2,900 |   |
| Impairment loss on mineral claim                                                          |   |         |    |   |                |   | 5,000   |                |   |   | 5,000 |   |
|                                                                                      |   |         |    |   |                |   |    |                |   |   |   |   |
| Changes in operating assets and liabilities:                                              |   |         |    |   |                |   |    |                |   |   |   |   |
| Accounts Payable                                                                          |   |         | (10,410 | )      |                |   | 13,800  |                |   |   | 3,390 |   |
| NET CASH FLOWS USED IN OPERATING ACTIVITIES                                               |   |         | (23,969 | )      |                |   | (1,014  | )                   |   |   | (29,983 | ) |
|                                                                                      |   |         |    |   |                |   |    |                |   |   |   |   |
| CASH FLOWS FROM INVESTING ACTIVITIES                                                      |   |         |    |   |                |   |    |                |   |   |   |   |
| Acquisition of mineral claim                                                              |   |         | -       |   |                |   | (5,000  | )                   |   |   | (5,000 | ) |
| NET CASH FLOWS USED IN INVESTING ACTIVITIES                                               |   |         | -       |   |                |   | (5,000  | )                   |   |   | (5,000 | ) |
|                                                                                      |   |         |    |   |                |   |    |                |   |   |   |   |
| CASH FLOWS FROM FINANCING ACTIVITIES                                                      |   |         |    |   |                |   |    |                |   |   |   |   |
| Proceeds from issuance of common stock                                                    |   |         | -       |   |                |   | 30,000  |                |   |   | 30,000 |   |
| NET CASH FLOWS PROVIDED BY FINANCING ACTIVITIES                                           |   |         | -       |   |                |   | 30,000  |                |   |   | 30,000 |   |
|                                                                                      |   |         |    |   |                |   |    |                |   |   |   |   |
| NET INCREASE (DECREASE) IN CASH                                                           |   |         | (23,969 | )      |                |   | -       |                |   |   | (29,983 | ) |
|                                                                                      |   |         |    |   |                |   |    |                |   |   |   |   |
| CASH AT BEGINNING OF PERIOD                                                               |   |         | 23,986  |   |                |   | 23,986  |                |   |   | 30,000 |   |
|                                                                                      |   |         |    |   |                |   |    |                |   |   |   |   |
| CASH AT END OF PERIOD                                                                     |   | $            | 17      |   |                | $      | 23,986  |                |   | $ | 17 |   |
|                                                                                      |   |         |    |   |                |   |    |                |   |   |   |   |
| Supplemented Disclosure of Non-cash Financing Activities                                  |   |         |    |   |                |   |    |                |   |   |   |   |
| Expenses paid by shareholders                                                             |   | $            | -       |   |                | $      | -       |                |   | $ | 2,900 |   |

----

| Estimated Tax |   |
|---------------|--------|
| Year          |   | Estimated NOLCarry- |   |   | NOL |   |   | Benefitfrom |   |   | Valuation |   |   | Net Tax |   |
| Ended         |   |  Forward |   |   | Expires |   |   |  NOL |   |   | Allowance |   |   | Benefit |   |
| 2010          |   | $ | 22,714 |   |   |   | 2030 |   |   | $ | 6,814 |   |   | $ | (6,814 | ) |   | $ | - |   |
| 2011          |   | $ | 13,559 |   |   |   | 2031 |   |   | $ | 4,068 |   |   | $ | (4,068 | ) |   | $ | - |   |
|          |   | $ | 36,273 |   |   |   |   |   |   | $ | 10,882 |   |   | $ | (10,882 | ) |   | $ | - |   |

----

----

----

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| Name              |         | Age |         | Position                                          |         | Address                                        |
|-------------------|--------------|-----|--------------|---------------------------------------------------|--------------|------------------------------------------------|
| Mario S. Gregorio |         | 48  |         | Chief Executive Officer (President and Director)  |         | 2432 M. Dela Cruz St., Pasay City, Philippines |
| Rizalina Raneses  |    | 57  |    | Chief Financial Officer (Secretary and Treasurer) |    | 2479 Ramos Street, Pasay City, Philippines     |

----

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

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

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

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

----

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

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

----

| Annual Compensation   |   |   | Long-term Compensation |   |
|-----------------------|--------|--------|------------------------|--------|
|                  |   |   |                   |   |   |   |   |   |   | Awards |   |   | Payouts |   |
|                  |   |   |                   |   |   |   |   |   |   | Restricted |   |   |   |   |   |   |   |   |   |   |
| Name and              |   |   |                   |   |   |   | Other Annual |   |   | Stock |   |   |   |   |   | LTIP |   |   | All Other |   |
| Principal             |   |   |                   | Salary |   |   | Compensation |   |   | Awards |   |   | Options/SAR |   |   | Payouts |   |   | Compensation |   |
| Position              |   | Year   |                   | ($)    |   |   | ($) |   |   | ($) |   |   | (Number) |   |   | ($) |   |   | ($) |   |
| (a)                   |   | (b)    |                   | (c)    |   |   | (d) |   |   | (e) |   |   | (f) |   |   | (g) |   |   | (h) |   |
| Mario Gregorio, CEO   |   | 2010   |                   |   | -0- |   |   |   | -0- |   |   |   | -0- |   |   |   | -0- |   |   |   | -0- |   |   |   | -0- |   |
| Rizalina Raneses, CFO |   | 2010   |                   |   | -0- |   |   |   | -0- |   |   |   | -0- |   |   |   | -0- |   |   |   | -0- |   |   |   | -0- |   |

|           |   |                                                                                         |   | Amount of     |       |   |       |   |
|----------------|--------|----------------------------------------------------------------------------------------------|--------|---------------|------------|--------|------------|--------|
|           |   |                                                                                         |   | Beneficial    |       |   | Percent of |   |
| Title or Class |   | Name and Address of Beneficial Owner (1)                                                     |   | Ownership (2) |       |   | Class      |   |
|           |   |                                                                                         |   |          |       |   |       |   |
| Common Stock   |   | Mario Gregorio, CEO (President and Director), 2432 M. Dela Cruz St., Pasay City, Philippines |   |          | 20,000,000 |   |       |   | 67 | % |
|           |   |                                                                                         |   |          |       |   |       |   |   |   |
| Common Stock   |   | Rizalina Raneses, CFO (Secretary and Treasurer), 2479 Ramos Street, Pasay City, Philippines  |   |          | 10,000,000 |   |       |   | 33 | % |
|           |   |                                                                                         |   |          |       |   |       |   |   |   |
| Total          |   |                                                                                         |   |          | 30,000,000 |   |       |   | 100 | % |

| (1)  | Unless otherwise noted, the security ownership disclosed in this table is of record and beneficial. |
|-----------|-----------------------------------------------------------------------------------------------------|

| (2) | Under Rule 13-d of the Exchange Act, shares not outstanding but subject to options, warrants, rights, conversion privileges pursuant to which such shares may be acquired in the next 60 days are deemed to be outstanding for the purpose of computing the percentage of outstanding shares owned by the person having such rights, but are not deemed outstanding for the purpose of computing the percentage for such other persons.  None of our officers or director has options, warrants, rights or conversion privileges outstanding. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| Exhibit No |   | Description                                         |
|------------|--------|-----------------------------------------------------|
|       |   |                                                |
| 3.1        |   | Certificate of Incorporation (1)                    |
|       |   |                                                |
| 3.2        |   | Articles of Incorporation (2)                       |
|       |   |                                                |
| 3.4        |   | Bylaws (1)                                          |
|       |   |                                                |
| 4          |   | Specimen Stock Certificate (1)                      |
|       |   |                                                |
| 10.1       |   | Transfer Agent and Registrar Agreement (1)          |
|       |   |                                                |
| 11         |   | Statement re: Computation of Per Share Earnings (1) |
|       |   |                                                |
| 31.1       |   | Certifications of Principal Executive Officer       |
|       |   |                                                |
| 31.2       |   | Certifications of Principal Financial Officer       |
|       |   |                                                |
| 32.1       |   | Certification of Principal Executive Officer        |
|       |   |                                                |
| 32.2       |   | Certification of Principal Financial Officer        |
|       |   |                                                |
| 99.1       |   | Geological Report of Roberto Noga (2)               |
|       |   |                                                |
| 99.2       |   | Legal Documentation re. Plandel Gold claim (2)      |

| (1) | Previously filed on July 13, 2010, in Registration Statement on Form S-1 (file no. 333-168079) |
|-----|------------------------------------------------------------------------------------------------|

| (2) | Previously filed on October 13, 2010 in Amendment No. 1 to Registration Statement on Form S-1 (file no. 333-168079) |
|-----|---------------------------------------------------------------------------------------------------------------------|

|   | PLANDEL RESOURCES, INC.                         |
|--------|-------------------------------------------------|
|   |                                            |
| By     | /s/ Mario Santos Gregorio                       |
|   |                                            |
|   | Chief Executive Officer, President and Director |

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| /s/ Mario Santos Gregorio |   | President and Director                                         |   |               |
|---------------------------|--------|----------------------------------------------------------------|--------|--------------------|
|                      |   |                                                           |   |               |
|                      |   | (Principal Executive Officer)                                  |   | September 21, 2011 |
|                      |   |                                                           |   |               |
| /s/ Rizalina Raneses      |   | Secretary and Treasurer                                        |   |               |
|                      |   |                                                           |   |               |
|                      |   | (Principal Financial Officer and Principal Accounting Officer) |   | September 21, 2011 |

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