UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________  FORM 10-Q/A  (Amendment No.1) ____________  [X]QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934: For the quarterly period ended August 31, 2013  [  ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT OF 1934 For the transition period from ______ to _______  Commission File Number 000-52494  FORCE MINERALS CORPORATION  (Name of small business issuer in its charter)  Nevada98-0462664(State of incorporation)(I.R.S. Employer Identification No.) 1400 16th Street, Ste 400 Denver, CO 80202 (Address of principal executive offices)  (720) 470-1414 (Registrant’s telephone number)  Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X] No [  ]  Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes [X] No [  ]  Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act.  Large accelerated filer[  ]Accelerated filer[  ]Non-accelerated filer[  ] (Do not check if a smaller reporting company)Smaller reporting company[X]  Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [  ] No [X]  As of September 12, 2013, there were 2,526,979 shares of the registrant’s $0.10 par value common stock issued and outstanding.   Explanatory Note  Force Minerals Corporation is filing the Amendment No. 1 (the “Form 10-Q/A ) to our Quarterly Report on Form 10-Q for the period ended August 31, 2013 (the “From 10-Q), filed with the U.S. Securities and Exchange Commission (“SEC”) on October 21, 2013, for the purpose of reformatting and language clarification. No other changes have been made to the Form 10-Q.      FORCE MINERALS CORPORATION*  TABLE OF CONTENTS  PART I.FINANCIAL INFORMATIONPageITEM 1.CONSOLIDATED FINANCIAL STATEMENTS4ITEM 2.MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS17ITEM 3.QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK19ITEM 4.CONTROLS AND PROCEDURES19PART II.  OTHER INFORMATIONITEM 1.LEGAL PROCEEDINGS20ITEM 1A.RISK FACTORS20ITEM 2.UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS20ITEM 3.DEFAULTS UPON SENIOR SECURITIES20ITEM 4.MINE SAFETY DISCLOSURES20ITEM 5.OTHER INFORMATION20ITEM 6.EXHIBITS20     Special Note Regarding Forward-Looking Statements  Information included in this Form 10-Q/A contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (“Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (“Exchange Act”). This information may involve known and unknown risks, uncertainties and  other factors which may cause the actual results, performance or achievements of Force Minerals Corporation (the “Company”), to be materially different from future results, performance or achievements expressed or implied by any forward-looking statements. Forward-looking statements, which involve assumptions and describe future plans, strategies and expectations of the Company, are generally identifiable by use of the words “may,” “will,” “should,” “expect,” “anticipate,” “estimate,” “believe,” “intend,” or “project” or the negative of these words or other variations on these words or comparable terminology. These forward-looking statements are based on assumptions that may be incorrect, and there can be no assurance that these projections included in these forward-looking statements will come to pass. Actual results of the Company could differ materially from those expressed or implied by the forward-looking statements as a result of various factors. Except as required by applicable laws, the Company has no obligation to update publicly any forward-looking statements for any reason, even if new information becomes available or other events occur in the future.  *Please note that throughout this Quarterly Report, and unless otherwise noted, the words "we,"”FORC,” “Force Energy Corp.,” "our," "us," the "Company," refers to Force Minerals Corporation.     Part I – FINANCIAL INFORMATION  ITEM 1.  FINANCIAL STATEMENTS   FORCE MINERALS CORPORATION (f/k/a Force Energy Corp.,) (An Exploration Stage Company)   INDEX TO FINANCIAL STATEMENTS PageCondensed Consolidated Balance Sheets at August 31, 2013 (Unaudited) and November 30, 2012 (Audited)4Condensed Consolidated Statements of Operations for the Three and Nine Months Ended August 31, 2013, and 2012, (Unaudited) and the period November 1, 2006 (date of exploration stage) through August 31, 2013 (Unaudited)5Condensed Consolidated Statements of Cash Flows for the Nine Months Ended August 31, 2013 and 2012 (unaudited) and the period November 1, 2006 (date of exploration stage) through August 31, 2013 (Unaudited)6Notes to the Condensed Consolidated Financial Statements7  FORCE MINERALS CORPORATION(formerly Force Energy Corp)(An Exploration Stage Company)Condensed Consolidated Balance SheetsAugust 31,November 30,20132012ASSETS(Unaudited)(Audited)Current assetsCash$                      178$                 35,442Total Current Assets17835,442Mineral property option340,099340,099Total Assets$               340,277$               375,541LIABILITIESCurrent liabilitiesAccounts payable and accrued liabilities$                 31,812$                 43,713Advances payable20,00020,000Due to related parties30,0004,625Convertible notes payable, net of discount320,476315,518Derivative liabilities136,21158,200Total Current liabilities538,499442,056Asset retirement obligation17,37216,845Total Liabilities555,871458,901STOCKHOLDERS' DEFICITPreferred stock, $0.001 par value; 10,000,000 sharesauthorized, 4,000,000 issued4,000-Common stock, $0.1 par value; 750,000,000 sharesauthorized; 2,418,470 shares issued (November 30, 2012 -1,054,169 shares issued) (1)241,847105,417Additional paid in capital4,298,9563,812,334Deferred stock compensation(84,512)(95,400)Accumulated other comprehensive income6,7386,027Deficit accumulated during the development stage(4,682,623)(3,911,738)Total Stockholders’ Deficit(215,594)(83,360)Total Liabilities and Stockholders' Deficit$               340,277$               375,541  (1) All common share amounts and per share amounts in these condensed financial statements, reflect the one hundred-for-one reverse stock splits of the issued and outstanding shares of the common stock of the Company, effective June 14, 2013 respectively, including retroactive adjustment of common share amounts. See Note 11.  See accompanying notes to the Condensed Consolidated Financial Statements


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|---------------------------------------------------------------------- | -------------------------------------- | ------------------ | ----------- | ----------------- | ----------- | ------------------- | ----------- | --------- | ------------- | --------- |  |  |  |  |  |  |  |  |  |  | 
|FORCE MINERAL CORPORATION                                              |                                       
|(formerly Force Energy Corp)                                           |                                       
|(An Exploration Stage Company)                                         |                                       
|Condensed Consolidated Statements of Operations and Comprehensive Loss |                                       
|(Unaudited)                                                            |                                       
|                                                                       |                                        |                    |             |                   |             |                     |             |           |               |          
|                                                                       |                                        | Three month period |             | Nine month period |             | November 1, 2006   
|                                                                       |                                        | ended              |             | ended             |             | (Date of Inception)
|                                                                       |                                        | August 31,         |             | August 31,        |             | to August 31,      
|                                                                       |                                        | 2013               |             | 2012              |             | 2013                |             | 2012      |               | 2013     
|Expenses                                                               |                                        |                    |             |                   |             |                     |             |           |               |          
|                                                                       | Accounting and audit fees              | $
7,588            |             | $
4,425           |             | $
32,532            |             | $
18,825  |               | $
342,478
|                                                                       | Accretion of ARO                       | -                  |             | 564               |             | 1,238               |             | 1,639     |               | 8,395    
|                                                                       | Accretion of convertible note discount | -                  |             | 34,000            |             | -                   |             | 102,311   |               | -        
|                                                                       | Advertising and promotion              | 60,000             |             | -                 |             | 60,000              |             | -         |               | 60,000   
|                                                                       | Bank charges and interest              | 79                 |             | 110               |             | 134                 |             | 1,090     |               | 5,577    
|                                                                       | Consulting fees                        | -                  |             | 53,287            |             | (25,100)            |             | 117,126   |               | 596,839  
|                                                                       | Depreciation                           | -                  |             | -                 |             | -                   |             | -         |               | 4,651    
|                                                                       | Interest on convertible notes          | -                  |             | 3,390             |             | -                   |             | 10,296    |               | -        
|                                                                       | Investor relations                     | -                  |             | -                 |             | -                   |             | -         |               | 61,443   
|                                                                       | Legal fees                             | -                  |             | 7,025             |             | 9,745               |             | 19,284    |               | 231,064  
|                                                                       | Management fees                        | 80,000             |             | 51,375            |             | 243,762             |             | 158,775   |               | 1,626,362
|                                                                       | Mineral property exploration costs     | 50,000             |             | 8,639             |             | 50,000              |             | 8,639     |               | 114,250  
|                                                                       | Office expenses                        | -                  |             | 163               |             | 248                 |             | 2,551     |               | 44,441   
|                                                                       | Oil and gas exploration costs          | -                  |             | -                 |             | -                   |             | -         |               | 15,000   
|                                                                       | Rent                                   | 530                |             | 530               |             | 2,115               |             | 2,078     |               | 48,929   
|                                                                       | Transfer and filing fees               | 4,190              |             | 1,054             |             | 5,266               |             | 1,973     |               | 86,668   
|                                                                       | Travel                                 | -                  |             | 633               |             | -                   |             | 1,922     |               | 12,476   
|                                                                       | Write-off of oil and gas costs         | -                  |             | -                 |             | -                   |             | -         |               | 553,466  
|                                                                       | Other G&A expenses                     | -                  |             | -                 |             | -                   |             | -         |               | -        
|                                                                       | Total expenses                         | 202,387            |             | 165,195           |             | 379,940             |             | 446,509   |               | 3,812,039
|                                                                       |                                        |                    |             |                   |             |                     |             |           |               |          
|Loss from Operations                                                   | $
(202,387)                            |                    | $
(165,195) |                   | $
(379,940) |                     | $
(446,509) |           | $
(3,812,039) |          
|                                                                       |                                        |                    |             |                   |             |                     |             |           |               |          
|Other Income and Expenses                                              |                                        |                    |             |                   |             |                     |             |           |               |          
|                                                                       | Debt forgiveness                       | -                  |             | -                 |             | -                   |             | -         |               | 15,286   
|                                                                       | Loss on settlement of advance          |                    |             |                   |             |                     |             |           |               |          
|                                                                       | payable                                | -                  |             | -                 |             | -                   |             | -         |               | (30,000) 
|                                                                       | Change in fair value of                |                    |             |                   |             |                     |             |           |               |          
|                                                                       | derivative liability                   | (116,962)          |             | 24,940            |             | (133,462)           |             | 46,828    |               | (133,462)
|                                                                       | Interest expense                       | (161,591)          |             | -                 |             | (301,558)           |             | (140,000) |               | (723,731)
|                                                                       | Interest income                        | -                  |             | -                 |             | 2,261               |             | -         |               | 2,419    
|                                                                       | Foreign currency exchange gain (loss)  | -                  |             | (554)             |             | -                   |             | (1,384)   |               | -        
|Loss before income taxes                                               | (480,940)                              |                    | (140,809)   |                   | (812,699)   |                     | (541,065)   |           | (4,681,527)   |          
|                                                                       | Benefit (loss) from income tax         | -                  |             | -                 |             | 41,814              |             | (421)     |               | (1,096)  
|Net loss                                                               | (480,940)                              |                    | (140,255)   |                   | (770,885)   |                     | (541,486)   |           | (4,682,623)   |          
|                                                                       | Foreign currency translation           |                    |             |                   |             |                     |             |           |               |          
|                                                                       | adjustments                            | -                  |             | -                 |             | -                   |             | -         |               | 6,738    
|Comprehensive loss for period                                          | $
(480,940)                            |                    | $
(140,255) |                   | $
(770,885) |                     | $
(541,486) |           | $
(4,675,885) |          
|                                                                       |                                        |                    |             |                   |             |                     |             |           |               |          
|Basic loss per share                                                   | $
(0.21)                               |                    | $
(0.23)    |                   | $
(0.36)    |                     | $
(0.72)    |           |               |          
|                                                                       |                                        |                    |             |                   |             |                     |             |           |               |          
|Weighted average number of shares                                      |                                        |                    |             |                   |             |                     |             |           |               |          
|outstanding; basic and diluted                                         | 2,328,710                              |                    | 605,596     |                   | 2,141,539   |                     | 752,418     |           |               |          

(2) All common share amounts and per share amounts in these condensed consolidated financial statements, reflect the one hundred-for-one reverse stock splits of the issued and outstanding shares of the common stock of the Company, effective June 14, 2013 respectively, including retroactive adjustment of common share amounts. See Note 11.  See accompanying notes to the Condensed Consolidated Financial Statements


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|---------------------------------------------- |  | ------------------------------------------------------------------- | ---------------------------------------- | ------------------------------------------------ | ------------------- | -------------- | ------------------- | ----------------------------- | ---------------- |  |  |  |  |  |  |  |  |  | 
|FORCE MINERALS CORPORATION                     | 
|(formerly Force Energy Corp)                   | 
|(An Exploration Stage Company)                 | 
|Condensed Consolidated Statement of Cash Flows | 
|(Unaudited)                                    | 
|                                               |  |                                                                     |                                          |                                                  |                     |                |                     |                               | November 1, 2006
|                                               |  |                                                                     |                                          |                                                  | For the Nine Months |                | (Date of Inception)
|                                               |  |                                                                     |                                          |                                                  | Ended August 31,    |                | to August 31,      
|                                               |  |                                                                     |                                          |                                                  | 2013                |                | 2012                |                               | 2013            
|                                               |  |                                                                     |                                          |                                                  |                     |                | Restated            |                               | (Cumulative)    
|                                               |  |                                                                     |                                          |                                                  |                     |                | (Note 15)           |                               |                 
|                                               |  | Operating activities                                                |                                          |                                                  |                     |                |                     |                              
|                                               |  |                                                                     | Net loss                                 | (770,885)                                        |                     | (541,486)      |                     | (4,682,623)                  
|                                               |  |                                                                     | Adjustments to reconcile net loss to net |                                                  |                     |                |                     |                              
|                                               |  |                                                                     | cash used in operating activities:       |                                                  |                     |                |                     |                              
|                                               |  |                                                                     |                                          | Non-cash interest expense                        | 141,558             |                | 112,606             |                               | 433,420         
|                                               |  |                                                                     |                                          | Interest expense - beneficial conversion feature |                     |                |                     |                               |                 
|                                               |  |                                                                     |                                          | of convertible note and advance payable          | 160,000             |                | 140,000             |                               | 287,000         
|                                               |  |                                                                     |                                          | Loss from change in fair value of derivative     |                     |                |                     |                               |                 
|                                               |  |                                                                     |                                          | liability                                        | 133,462             |                | (46,828)            |                               | 133,462         
|                                               |  |                                                                     |                                          | Consulting fees paid in stock                    | -                   |                | 53,838              |                               | 583,338         
|                                               |  |                                                                     |                                          | Gain from settlement of related party balance    | 28,764              |                | -                   |                               | 28,764          
|                                               |  |                                                                     |                                          | Share based compensation                         | 75,000              |                | 88,150              |                               | 804,600         
|                                               |  |                                                                     |                                          | Debt forgiveness                                 | -                   |                | -                   |                               | (15,286)        
|                                               |  |                                                                     |                                          | Accretion of ARO                                 | 527                 |                | 1,639               |                               | 7,681           
|                                               |  |                                                                     |                                          | Depreciation                                     | -                   |                | -                   |                               | 4,651           
|                                               |  |                                                                     |                                          | Impairment of oil and gas costs                  | 50,000              |                | -                   |                               | 603,466         
|                                               |  |                                                                     |                                          | Other                                            | -                   |                | 2                   |                               | 21,329          
|                                               |  |                                                                     | Changes in assets and liabilities:       |                                                  |                     |                |                     |                              
|                                               |  |                                                                     |                                          | Prepaid expenses                                 | -                   |                | 1,119               |                               | -               
|                                               |  |                                                                     |                                          | Advance payable                                  | -                   |                | -                   |                               | 50,000          
|                                               |  |                                                                     |                                          | Accounts payable and accrued liabilities         | 10,224              |                | 22,667              |                               | 29,895          
|                                               |  | Net cash used in operating activities                               | (171,350)                                |                                                  | (168,293)           |                | (1,710,302)         |                              
|                                               |  |                                                                     |                                          |                                                  |                     |                |                     |                               |                 
|                                               |  | Investing activities                                                |                                          |                                                  |                     |                |                     |                              
|                                               |  |                                                                     | Acquisition of property and equipment    | -                                                |                     | -              |                     | (4,651)                      
|                                               |  |                                                                     | Acquisition of mineral property option   | -                                                |                     | (25,500)       |                     | (110,099)                    
|                                               |  |                                                                     | Acquisition and development costs of     |                                                  |                     |                |                     |                              
|                                               |  |                                                                     | oil and gas properties                   | -                                                |                     | -              |                     | (387,517)                    
|                                               |  | Net cash flows used in investing activities                         | -                                        |                                                  | (25,500)            |                | (502,267)           |                              
|                                               |  |                                                                     |                                          |                                                  |                     |                |                     |                               |                 
|                                               |  | Financing activities                                                |                                          |                                                  |                     |                |                     |                              
|                                               |  |                                                                     | Capital stock issued                     | -                                                |                     | -              |                     | 1,419,000                    
|                                               |  |                                                                     | Proceeds from convertible note payable   | 110,000                                          |                     | 262,500        |                     | 617,500                      
|                                               |  |                                                                     | Due to related parties                   | 25,375                                           |                     | 9,000          |                     | 190,817                      
|                                               |  |                                                                     | Repayment convertible note payable       | -                                                |                     | (57,655)       |                     | (57,655)                     
|                                               |  |                                                                     | Proceeds from reverse acquisition        | -                                                |                     | -              |                     | 37,058                       
|                                               |  | Net cash provided by financing activities                           | 135,375                                  |                                                  | 213,845             |                | 2,206,720           |                              
|                                               |  |                                                                     |                                          |                                                  |                     |                |                     |                               |                 
|                                               |  | Effect of foreign exchange on cash                                  | 711                                      |                                                  | 1,104               |                | 6,027               |                              
|                                               |  |                                                                     |                                          |                                                  |                     |                |                     |                               |                 
|                                               |  | Change in cash                                                      | (35,264)                                 |                                                  | 21,156              |                | 178                 |                              
|                                               |  | Cash at beginning of period                                         | 35,442                                   |                                                  | 16,393              |                | -                   |                              
|                                               |  | Cash at end of period                                               | $
178                                    |                                                  | $
37,549            |                | $
178               |                              
|                                               |  |                                                                     |                                          |                                                  |                     |                |                     |                               |                 
|                                               |  | Supplemental Cash Flow Information - Non-Cash Financial Transaction |                                          |                                                  |                    
|                                               |  |                                                                     | Issuance of Convertible Debt             | $     50,000                                     |                     | $            - |                     | $                      50,000

See accompanying notes to the Condensed Consolidated Financial Statements                                               FORCE MINERALS CORPORATION (formerly Force Energy Corp) (An Exploration Stage Company) NOTES TO THE CONDENSEDCONSOLIDATED FINANCIAL STATEMENTS August 31, 2013 (Unaudited)  Note 1 Interim Reporting  The unaudited condensed consolidated financial information furnished herein reflects all adjustments, which in the opinion of management are necessary to fairly state the Company’s financial position and the results of its operations for the periods presented. All adjustments are of a normal recurring nature. These interim condensed consolidated financial statements should be read in conjunction with the Company’s consolidated financial statements and notes thereto included in the Company’s audited consolidated financial statements for the fiscal year ended November 30, 2012. The Company assumes that the users of the interim consolidated financial information herein have read or have access to the audited financial statements for the preceding fiscal period and that the adequacy of additional disclosure needed for a fair presentation may be determined in that context. Accordingly, footnote disclosure, which would substantially duplicate the disclosure contained in the Company’s audited consolidated financial statements for the fiscal year ended November 30, 2012, has been omitted. The results of operations for the nine-month period ended August 31, 2013 are not necessarily indicative of results for the entire year ending November 30, 2013.  Note 2 Nature of Operations and Going Concern  The Company was incorporated in the state of Nevada, United States of America on November 1, 2006. The Company was formed for the purpose of acquiring exploration and development stage natural resource properties.  Effective December 28, 2006, the Board of Directors authorized a 3 for 1 forward stock split of the common shares. The authorized number of common shares increased from 90,000,000 to 270,000,000 common shares with a par value of $0.001. All references in the accompanying financial statements to the number of common shares have been restated to reflect the forward stock split.  On February 12, 2008, the Company acquired 100% of the common shares of Force Energy Corp., an inactive company incorporated in Nevada on July 19, 2005, for $100, to effect a name change of the Company. On February 12, 2008, the Company and Force Energy Corp filed articles of merger with the Secretary of State of Nevada to effectuate a merger between the two companies. The surviving entity of the merger was the Company. Immediately thereafter the Company changed its name to Force Energy Corp.  On June 6, 2013, the Board of Directors changed the name of the Company to Force Minerals Corporation. Also on June 6, 2013, the Board of Directors authorized a 100:1 reverse stock split of the common shares. The name change and reverse stock split received regulatory approval on June 28, 2013. The record date for the reverse stock split was June 14, 2013. The authorized number of common shares remained unchanged. All references in the accompanying financial statements to the number of common shares have been restated to reflect the reverse stock split.  These condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles applicable to a going concern, which assumes that the Company will be able to meet its obligations and continue its operations for its next twelve months. Realization values may be substantially different from carrying values as shown and these consolidated financial statements do not give effect to adjustments that would be necessary to the carrying values and classification of assets and liabilities should the Company be unable to continue as a going concern.      Note 2 Nature of Operations and Going Concern – (cont’d)  At August 31, 2013, the Company has a working capital deficit of $538,321. The Company has yet to achieve profitable operations, has accumulated losses of $4,682,623 since its inception and expects to incur further losses in the development of its business, all of which casts substantial doubt about the Company’s ability to continue as a going concern. The Company’s ability to continue as a going concern is dependent upon its ability to generate future profitable operations and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management has no formal plan in place to address this concern but considers that the Company will be able to obtain additional funds by equity financing and/or related party advances, however there is no assurance of additional funding being available or on acceptable terms, if at all.  Note 3 Recent Developed Accounting Pronouncements  Effective January 2013, we adopted FASB ASU No. 2011-11, Balance Sheet (Topic 210):  Disclosures about Offsetting Assets and Liabilities (ASU 2011-11).  The amendments in ASU 2011-11 require the disclosure of information on offsetting and related arrangements for financial and derivative instruments to enable users of its financial statements to understand the effect of those arrangements on its financial position.  Amendments under ASU 2011-11 will be applied retrospectively for fiscal years, and interim periods within those years, beginning after January 1, 2013.  The adoption of this update did not have a material impact on the condensed consolidated financial statements.  Effective January 2013, we adopted FASB ASU No. 2013-02, Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive (ASU 2013-02).  This guidance is the culmination of the FASB’s deliberation on reporting reclassification adjustments from accumulated other comprehensive income (AOCI).  The amendments in ASU 2013-02 do not change the current requirements for reporting net income or other comprehensive income.  However, the amendments require disclosure of amounts reclassified out of AOCI in its entirety, by component, on the face of the statement of operations or in the notes thereto.  Amounts that are not required to be reclassified in their entirety to net income must be cross-referenced to other disclosures that provide additional detail.  This standard is effective prospectively for annual and interim reporting periods beginning after December 15, 2012.  The adoption of this update did not have a material impact on the condensed consolidated financial statements.  New Accounting Pronouncements Not Yet Adopted  In February 2013, the FASB issued ASU No. 2013-04, Liabilities (Topic 405): Obligations Resulting from Joint and Several Liability Arrangements for Which the Total Amount of the Obligation Is Fixed at the Reporting Date. The amendments in ASU 2013-04 provide guidance for the recognition, measurement, and disclosure of obligations resulting from joint and several liability arrangements for which the total amount of the obligation within the scope of this Update is fixed at the reporting date, except for obligations addressed within existing guidance in U.S. GAAP. The guidance requires an entity to measure those obligations as the sum of the amount the reporting entity agreed to pay on the basis of its arrangement among its co-obligors and any additional amount the reporting entity expects to pay on behalf of its co-obligors. The guidance in this Update also requires an entity to disclose the nature and amount of the obligation as well as other information about those obligations. The amendments in this standard is effective retrospectively for fiscal years, and interim periods within those years, beginning after December 15, 2013. We are evaluating the effect, if any, adoption of ASU No. 2013-04 will have on our condensed consolidated financial statements.  In March 2013, the FASB issued ASU No. 2013-05, Foreign Currency Matters (Topic 830): Parent’s Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity. The amendments in ASU No. 2013-05 resolve the diversity in practice about whether Subtopic 810-10, Consolidation—Overall, or Subtopic 830-30, Foreign Currency Matters—Translation of Financial Statements, applies to the release of the cumulative translation adjustment into net income when a parent either sells a part  or all of its investment ina foreign entity or no longer holds a controlling financial interest in a subsidiary or group of assets that is a nonprofit activity or a business (other than a sale of in substance real estate or conveyance of oil and gas mineral rights) withina foreign entity. In addition, the amendments in this Update resolve the diversity in practice for the treatment of business combinations achieved in stages (sometimes also referred to as step acquisitions) involving a foreign entity. The amendments in this standard is effective prospectively for fiscal years, and interim reporting periods within those years, beginning December 15, 2013. We are evaluating the effect, if any, adoption of ASU No. 2013-05 will have on our condensed consolidated financial statements.  Note 4 Financial Instruments and Risk Management  Fair value is defined as the price that would be received upon sale of an asset or paid upon transfer of a liability in an orderly transaction between market participants at the measurement date and in the principal or most advantageous market for that asset or liability. The fair value should be calculated based on assumptions that market participants would use in pricing the asset or liability, not on assumptions specific to the entity. In addition, the fair value of liabilities should include consideration of non-performance risk including our own credit risk.  In addition to defining fair value, the standard expands the disclosure requirements around fair value and establishes a fair value hierarchy for valuation inputs is expanded. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market. Each fair value measurement is reported in one of the three levels and which is determined by the lowest level input that is significant to the fair value measurement in its entirety  These levels are: Level 1 - inputs are based upon unadjusted quoted prices for identical instruments traded in active markets. Level 2 – inputs are based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities.  Level 3- inputs are generally unobservable and typically reflect management’s estimates of assumptions that market participants would use in pricing the asset or liability. The fair values are therefore determined using model-based techniques that include option pricing models, discounted cash flow models, and similar techniques.  Financial assets and liabilities measured at fair value on a recurring basis:  FAIR VALUEAugust 31, 2013November 30,2012INPUTCARRYINGESTIMATEDCARRYINGESTIMATEDLEVELAMOUNTFAIR VALUEAMOUNTFAIR VALUEDerivative Liability3136,211136,21158,20058,200Total Financial Liabilities$
136,211$
136,211$
58,200$
58,200     In management’s opinion, the fair value of convertible notes payable and advances payable is approximate to carrying value as the interest rates and other features of these instruments approximate those obtainable for similar instruments in the current market. Unless otherwise noted, it is management’s opinion that the Company is not exposed to significant interest, exchange or credit risks arising from these financial instruments.   Note 4 Financial Instruments and Risk Management(cont’d)  The carrying value of cash balances, accounts payable and accrued liabilities and due to related party approximates the fair value due to their short-term maturities.  Risk management is carried out by the Board of Directors. The Company's risk exposures and their impact on the Company's financial instruments are summarized below:  a)Credit risk  Credit risk is the risk of a financial loss to the Company if a counterparty to a financial instrument fails to meet its contractual obligations.  The Company’s cash is primarily held in large financial institutions.. Management believes that the credit risk with respect to cash and cash equivalents, is remote.   b)Liquidity risk  The Company tries to ensure that there is sufficient capital in order to meet short-term business requirements, after taking into account the Company’s holdings of cash. As at August 31, 2013, the Company had cash totaling 178 (November 30, 2012 - $35,442) to settle current liabilities of $538,499 (November 30, 2012 - $442,056). The Company believes it will be able to raise financing in order to settle its current liabilities as they fall due.  c)Market risk  Market risk is the risk of loss that may arise from changes in market factors such as interest rates, foreign exchange rates, and commodity and equity prices.  i)Interest rate risk  The Company has cash balances and no interest-bearing debt. The Company’s current policy is to invest excess cash in investment-grade short-term deposit certificates issued by its banking institutions. The Company periodically monitors the investments it makes and is satisfied with the credit ratings of its banks.  ii)Foreign currency risk  The Company’s functional currency is the Canadian dollar as substantially all of the Company’s operations are in Canada. The Company uses the United States dollar as its reporting currency for consistency with registrants of the Securities and Exchange Commission (“SEC”).  During the quarter ended May 31, 2013, the Company entered into a Property option agreement to acquire a mineral property in Mexico. Accordingly, future costs may be incurred in currencies other than its functional currency, which may result in increased exposure to foreign exchange risk.  The Company does not participate in any hedging activities to mitigate any gains or losses, which may arise as a result of exchange rate changes.  iii)Commodity Price risk  The Company is exposed to price risk with respect to commodity and equity prices. Equity price risk is defined as the potential adverse impact on the Company's earnings due to movements in individual equity prices or general movements in the level of the stock market. Commodity price  risk is defined as the potential adverse impact on earnings and economic value due to commodity price movements and volatilities. To mitigate price risk, the Company closely monitors commodity prices of precious metals, individual equity movements, and the stock market to determine the appropriate course of action to be taken by the Company.  d)Mineral Property Risks  The Company has diligently investigated rights of ownership of all of its mineral property interests and, to the best of its knowledge, all agreements relating to such ownership rights are in good standing. However, all properties/concessions may be subject to prior claims, agreements or transfers, and rights of ownership may be affected by undetected defects.  Mineral exploration and development is highly speculative and involves inherent risks. While rewards if a feasible ore body is discovered might be substantial, few properties that are explored are ultimately developed into producing mines. There can be no assurance that the current exploration programs by the Company will result in the discovery of economically viable quantities of ore.  e)Environmental Risk  Environmental legislation is becoming increasingly stringent and costs and expenses of regulatory compliance are increasing. The impact of new and future environmental legislation of the Company’s operation may cause additional expenses and restrictions.  If the restrictions adversely affect the scope of exploration and development on the mineral properties, the potential for production on the property may be diminished or negated.  The Company is subject to the laws and regulations relating to environmental matters in all jurisdictions in which it operates, including provisions relating to property reclamation, discharge of hazardous materials and other matters. The Company may also be held liable should environmental problems be discovered that were caused by former owners and operators of its properties and properties in which it has previously had an interest, if any. The Company attempts to conduct its mineral exploration activities in compliance with applicable environmental protection legislation. The Company is not aware of any existing environmental problems related to any of its current or former properties, if any, interests that may result in material liability to the Company.  f)Geopolitical Risk  Certain of the Company’s property interests may from time to time be located in countries outside of Canada, and mineral exploration and mining activities may be affected in varying degrees by political stability and government regulations relating to the mining industry. Any changes in regulations or shifts in political attitudes may vary from country to country and are beyond the control of the Company and may adversely affect its business. Such changes have, in the past, included nationalization of foreign owned businesses and properties. Operations may be affected in varying degrees by government regulations with respect to restrictions on production, price controls, export controls, income and other taxes and duties, expropriation of property, environmental legislation and mine safety. These uncertainties may make it more difficult for the Company and its joint venture partners to obtain any required production financing for its mineral properties.  Note 5 Mineral Properties  a) Zoro Property – Manitoba Canada  On July 6, 2010, the Company entered into a Property Option Agreement (amended May 11, 2011) to acquire an option to purchase a 100% interest in the property known as the Zoro 1 property, a mineral property comprising 52 hectares (approximately 128.50 acres) in the Snow  Lake region of Manitoba Canada. In order to exercise the option, the Company must pay cash or issue stock to the Optionor by the following dates:  i)$59,600 (Cdn$62,000) on signing the agreement (paid)  ii)$102,900 (Cdn$100,000) or issue 10,000 shares of common stock on or before June, 15, 2011. (10,000 shares issued with a fair value of $80,000)  iii)$50,500 cash (Cdn$50,000) and issue 75,000 common stock on or before June, 15, 2012. ($50,500 paid (Cdn$50,000) and 75,000 shares issued with a fair value of $150,000)  iv)$403,560 (Cdn$400,000) or issue a specified number of common shares still to be determined by the parties on or before June, 15, 2013  During the nine month period ended August31, 2013, the Company incurred $nil (nine months ended August 31, 2012 - $nil) of exploration expenditures on the property.  The Company is currently negotiating the final cash or stock payment with the vendor since the deadline for the $403,560 payment is not made by the Company on June 15, 2013.There is no assurance that the vendor will accept the offer from the Company for the final payment.  b) La Predilecta; La Predilecta II; La Crus and La Cascada Properties – Mexico  On May 30, 2013, the Company entered into a Property Option Agreement to acquire an option to purchase a 100% interest in four mining concessions known as La Predilecta; La Predilecta II; La Crus and La Cascada comprising approximately 1,181 hectares in the Miahuatlan District, in the southern portion of Centrales Region within Oaxaca State Mexico. The Company will hold its interest via a wholly owned Mexican subsidiary, which is yet to be incorporated when the Optionor receives the $100,000 cash.  In order to exercise the option, the Company must pay cash or issue stock to the Optionor by the following dates:  i)$50,000 within 60 days of signing the agreement.  ii)$50,000 within 90 days of signing the agreement.  iii)Issue an aggregate of 4,000,000 shares of Preferred stock.  Each preferred share shall have an underlying voting right equivalent to 100 shares of Common stock and shall be convertible into 100 shares of Common stock.  As of this reporting period the initial $50,000 payment had been made is paid by an outside investor. The remaining $50,000 is past due as of August 31, 2013.  First payment of $50,000.00 has been paid.  The Company is now waiting for Seller to verify the current standing with all taxes on the property.  As soon as this is confirmed the Company will authorize second payment. Once the tax verification comes from the country of Mexico the Mexican subsidiary will be established and ownership of property will be held within the Mexican subsidiary.   Note 6 Advance Payable  On March 21, 2011, the Company received a cash advance of $20,000. The advance is unsecured, non-interest bearing and has no fixed repayment terms.  Note 7 Related Party Transactions   Amounts due to related parties comprise:  August 31November 3020132012Amounts due to DirectorManagement fees$30,000$4,625  All amounts due to related parties are unsecured, non-interest bearing and have no specific terms for repayment.  On July 23, 2010, the Company entered into an employment contract with the Company President, which expires July 22, 2011. Pursuant to the contract, the President received 25,000 common shares having a fair value of $550,000. Should the contract be terminated prior to completion the President will return 1,000 shares to treasury for each unfulfilled month of the contract. The President will also receive $2,500 per month for months 1-3; $4,000 per month for months 4-6 and $5,000 per month for months 7-12 of the contract.  The fair value of 13,000 shares issued which were earned immediately and have been expensed as stock based compensation of $286,000. The fair value of the remaining 12,000 shares issued which are to be earned over the term of the contract will be charged to operations over the life of the employment contract. This portion of the stock award is accounted for as deferred compensation whereby the fair value of the award is recorded as a component of stockholders’ equity until earned.  On July 18, 2011, the Company entered into a new employment contract with the Company President, which expires July 18, 2013. Pursuant to the contract, the President received 25,000 common shares having a fair value of $125,000. The President will receive $7,500 per month for months 13-24 of the contract. Unless the contract is terminated by either party giving 45 days written notice the contract will automatically renew. Should the contract be renewed then the President will receive 25,000 shares of common stock and an annual increase of $2,500 per month upon each renewal. If the Company does not have sufficient cash resources to settle the cash element of the contract, then at the request of the President any accrued unpaid fees may be converted into common stock at $0.025 per share.  The fair value of the 25,000 shares issued which are to be earned over the term of the contract will be charged to operations over the life of the employment contract. This portion of the stock award is accounted for as deferred compensation whereby the fair value of the award is recorded as a component of stockholders’ equity until earned. Pursuant to this stock award during the nine month period ended August 31, 2013 the Company recorded management fees of $nil (nine month period ended August 31, 2012 - $62,400).  On July 16, 2012, the Company entered into an addendum to the contract, which expires July 15, 2014. Pursuant to the contract, the President received 75,000 common shares on July 2012, and will continue to receive 75,000 common shares upon each anniversary date of the addendum. The fair value of the shares received was $150,000. The President will receive $10,000 per month for months 25-36 of the contract and an annual monthly increase of $2,500 per month thereafter. Unless the contract is terminated by either party giving 45 days written notice the contact will automatically renew. If the Company does not have sufficient cash resources to settle the cash element of the contract, then at the request of the President any accrued unpaid fees may be converted into common stock at $0.01 per share.  During the nine month period ended August 31, 2013, the Company recorded management fees of $30,000 to the President.  The fair value of the 75,000 shares issued which are to be earned over the term of the contract will be charged to operations over the life of the employment contract. This portion of the stock award is accounted for as deferred compensation whereby the fair value of the award is recorded as a component of stockholders’ equity until earned.   During the nine month period ended August 31, 2013, the Company recorded management fees of $75,000 (six month period ended May 31, 2012 - $nil) pursuant to this stock award.  On May 30, 2013, the Company entered into a second addendum to the contract, which expires May 30, 2015. Pursuant to the contract, the President received 500,000 common shares upon signing the agreement, 221,250 shares were issued to settle amounts owing under prior contract of $22,125 and 278,750 shares are to be earned over the period of the contract. As before the President will receive $10,000 per month for months 25-36 of the contract and an annual monthly increase of $2,500 per month thereafter. Unless the contract is terminated by either party giving 90 days written notice the contact will automatically renew. If the Company does not have sufficient cash resources to settle the cash element of the contract, then at the request of the President any accrued unpaid fees may be converted into common stock at $0.001 per share.  The fair value of the shares issued in settlement of amounts owing of $22,125 was $50,889. The difference between the recorded amount payable and the fair value of stock issued being $28,764 was charged to operations as management fees upon issuance.  The fair value of the 278,750 shares issued with a fair value of $64,113, which are to be earned over the term of the contract, will be charged to operations over the life of the employment contract. This portion of the stock award is accounted for as deferred compensation whereby the fair value of the award is recorded as a component of stockholders’ equity until earned. During the nine month period ended August 31, 2013, the Company recorded management fees of $nil (six month period ended May 31, 2012 - $nil) pursuant to this stock award  Note 8 Convertible Notes Payable  August 31,November 30,20132012Promissory Note #620,00020,000Promissory Note #720,00020,000Promissory Note #820,00020,000Promissory Note #1030,00030,000Promissory Note #11-42,500Promissory Note #12-42,500Promissory Note #1375,00075,000Promissory Note #14-50,000Promissory Note #1588,000-Promissory Note #1611,000-Promissory Note #1711,000-Promissory Note #1850,000-325,000300,000Debt discount(25,415)-Accrued interest20,89115,518$
320,476$
315,518  As at August 31, 2013 and November 30, 2012, convertible notes payable are recorded net of unamortized debt discount of $25,415 and $nil respectively.  Promissory Note #6  On February 15, 2012, the Company received $20,000 cash and the Company issued a convertible promissory note in the amount of $20,000. The promissory note is unsecured, interest free and repayable upon demand.  Promissory Note #7   On February 15, 2012, the Company received $20,000 cash and the Company issued a convertible promissory note in the amount of $20,000. The promissory note is unsecured, interest free and repayable upon demand.    Note 8 Convertible Notes Payable- (cont’d)  Promissory Note #8  On February 15, 2012, the Company received $20,000 cash and the Company issued a convertible promissory note in the amount of $20,000. The promissory note is unsecured, interest free and repayable upon demand.  Promissory Note #10  On March 20, 2012, the Company received $30,000 cash and the Company issued a convertible promissory note in the amount of $30,000. The promissory note is unsecured, interest free and repayable upon demand.  The note may be converted at the option of the holder into common stock of the Company. The fixed conversion price is $0.01 per share. Accordingly, the note may be converted into 3,000,000 common shares of the Company. The note also contains a provision whereby should the Company perform a stock split or reverse stock split, the conversion price of the note reverts to the lesser of 40% of market value at the time of conversion, or $0.01 per share. Accordingly, subsequent to the period end on June 14, 2013, this conversion provision was triggered.  Promissory Note #11  On June 12, 2012, the Company received $42,500 cash and the Company issued a convertible promissory note in the amount of $42,500. The promissory note is unsecured, bears interest at 8% per annum, and matures on March 14, 2013. During the nine month period ended August 31, 2013, the Company accrued $107 (nine month period ended August 31, 2012 - $nil) in interest expense.  After 180 days the note may be converted at the option of the holder into common stock of the Company. The conversion price is defined as “55% multiplied by market price where market price is determined as the average bid price for the shares as quoted on the OTCBB where the shares are traded for the three consecutive business days prior to the date of conversion”. The Company determined that the embedded conversion feature would be a derivative liability based upon its variable conversion terms once the holders conversion rights were triggered.  In December 2012, upon the holders option to convert becoming active, the Company recorded debt discount and a derivative liability of $38,600 being the fair value of the conversion feature, which was determined using the Black-Scholes valuation model. The debt discount is accreted to the statement of operations using the effective interest rate method over the term on the note or to the date of conversion. The derivative liability is revalued at each reporting date to fair value. Any change in fair value is credited or charged to the statement of operations in the period.  During the nine month period ended August 31, 2013, the Company recorded a loss of $3,700 (nine month period ended August 31, 2012 – $nil) due to the change in value of the derivative liability during the period, and debt discount of $28,468 (nine month period ended May 31, 2012 - $nil) was accreted to the statement of operations.  During the nine month period ended August 31, 2013, the Company issued 192,576 common shares upon the conversion of $42,500 of the principal balance plus $1,700 accrued interest into common stock, and $42,300 of the derivative liability was re-classified as additional paid in capital upon conversion.   As at August 31, 2013, accrued interest of $nil (November 30, 2012 - $1,593), debt discount of $nil (November 30, 2012 - $nil) and a derivative liability of $nil (November 30, 2012 - $nil) was recorded.     Note 8 Convertible Notes Payable- (cont’d)  Promissory Note #12  On August 17, 2012, the Company received $42,500 cash and the Company issued a convertible promissory note in the amount of $42,500. The promissory note is unsecured, bears interest at 8% per annum, and matures on May 21, 2013. During the nine month period ended August 31, 2013 the Company accrued $11,754 (nine month period ended August 31, 2012 - $nil) in interest expense.  After 180 days the note may be converted at the option of the holder into Common stock of the Company. The conversion price is defined as “48% multiplied by market price where market price is determined as the average bid price for the shares as quoted on the OTCBB where the shares are traded for the three consecutive business days prior to the date of conversion”. The Company determined that the embedded conversion feature would be a derivative liability based upon its variable conversion terms once the holders conversion rights were triggered.  In February 2013, upon the holders option to convert becoming active, the Company recorded debt discount and a derivative liability of $43,600 being the fair value of the conversion feature, which was determined using the Black-Scholes valuation model. The debt discount is accreted to the statement of operations using the effective interest rate method over the term on the note or to the date of conversion. The derivative liability is revalued at each reporting date to fair value. Any change in fair value is credited or charged to the statement of operations in the period.  During the nine month period ended August 31, 2013, the Company recorded a loss of $59,151 (nine month period ended August 31, 2012 – $nil) due to the change in value of the derivative liability during the period, and debt discount of $43,600 (nine month period ended August 31, 2012 - $nil) was accreted to the statement of operations. The Company also issued 425,781 common shares upon the conversion of $42,500of the principal balance and $900 of accrued interest into common stock, and $78,751 of the derivative liability was re-classified as additional paid in capital upon conversion.  As at August 31, 2013, accrued interest of $1,853 (November 30, 2012 - $978), debt discount of $nil (November 30, 2012 - $nil) and a derivative liability of $nil (November 30, 2012 - $nil) was recorded.  Promissory Note #13  On September 12, 2012, the Company received $75,000 cash and the Company issued a convertible promissory note in the amount of $75,000. The promissory note is unsecured, bears interest at 8% per annum, and matures on June 14, 2013. During the nine month period ended August 31, 2013, the Company accrued $4,504 (nine month period ended August 31, 2012 - $nil) in interest expense.  After 180 days the note may be converted at the option of the holder into Common stock of the Company. The conversion price is defined as “50% multiplied by market price where market price is determined as the average of the lowest three bid prices during the ten trading days prior to the date of conversion”. The Company determined that the embedded conversion feature would be a derivative liability based upon its variable conversion terms once the holders conversion rights were triggered.  In March 2013, upon the holders option to convert becoming active, the Company recorded debt discount of $75,000, charged $1,800 to interest expense and also recorded a derivative liability of $76,800 being the fair value of the conversion feature which was determined using the Black-Scholes valuation model. The debt discount is accreted to the statement of operations using the effective interest rate method over the term on the note or to the date of conversion. The derivative liability is  revalued at each reporting date to fair value. Any change in fair value is credited or charged to the statement of operations in the period.  During the nine month period ended August 31, 2013, the Company recorded a loss of $57,811 (nine month period ended August 31, 2012 – $nil) due to the change in value of the derivative liability during the period, and debt discount of $49,585 (nine month period ended August 31, 2012 - $nil) was accreted to the statement of operations. Note 8 Convertible Notes Payable- (cont’d)  Promissory Note #13 (cont’d)  As at August 31, 2013, accrued interest of $5,803 (November 30, 2012 - $1,299) debt discount of $25,415 (November 30, 2012 - $nil) and a derivative liability of $136,211 (November 30, 2012 - $nil) was recorded.  Promissory Note #14  On October 24, 2012, Notes 5 and 9 were amalgamated and a new amended note was created, in the amount of $50,000. The promissory note is unsecured, bears interest at 10% per annum, and is due upon demand. During the nine month period ended August 31, 2013 the Company accrued $1,587 (nine month period ended August 31, 2012 - $nil) in interest expense.   The note may be converted at the option of the holder at any time into Common stock of the Company. The conversion price is defined as “50% multiplied by the market price, where market price is determined as the lowest 3 closing bid prices during the ten trading day period ending the day prior to conversion. The Company determined that the embedded conversion feature would be a derivative liability based upon its variable conversion terms.  Upon inception the Company recorded a debt discount and a derivative liability of $48,200 being the fair value of the conversion feature, which was determined using the Black-Scholes valuation model. The debt discount has been charged immediately to the statement of operations as the note is due upon demand. The derivative liability is revalued at each reporting date to fair value. Any change in fair value is credited or charged to the statement of operations in the period.  During the nine month period ended August 31, 2013, the Company recorded a loss of $6,300 (nine month period ended August 31, 2012 - $nil) due to the change in value of the derivative liability during the period.  During the nine month period ended August 31, 2013, the Company issued 245,867 common shares upon the conversion of $50,000 of the principal balance of the note into common stock, and $50,200 of the derivative liability was reclassified as additional paid in capital upon conversion.  As at August 31, 2013, accrued interest of $2,095 (November 30, 2012 - $507), debt discount of $nil (November 30, 2012 - $nil) and a derivative liability of $nil (November 30, 2012 - $45,200) was recorded.  The Company determined that Promissory notes # 6, 7, 8, and 10 should be accounted for in accordance with FASB ASC 470-20, which addresses “Accounting for Convertible Securities with Beneficial Conversion Features".The intrinsic value of the conversion feature is calculated as the difference between the conversion price $0.01 and the fair value of the common stock into which the debt is convertible at the commitment date (being $0.05 for notes # 6, 7 and 8 and $0.02 for note 10), multiplied by the number of shares into which the debt is convertible. The valuation of the beneficial conversion feature is calculated as pro rata portion of the proceeds from issuance of the convertible debt, being equal to proceeds received multiplied by intrinsic value divided by the total value received (ie. the aggregate of proceeds and intrinsic value). This beneficial conversion feature is allocated to debt discount and additional paid in capital. Because the debt is convertible at the date of issuance, the valuation of the beneficial conversion feature is charged to interest expense at the date of issuance.   During the nine month period ended August 31, 2013 interest expense relating to the beneficial conversion feature of convertible notes of $nil (nine months ended Augusts 31, 2012 - $97,000) was recorded in the financial statements, with a corresponding increase to additional paid in capital.    Note 8 Convertible Notes Payable- (cont’d)  Promissory Note #15  On June 1, 2013 the Company entered into a Convertible Promissory Note with Direct Capital in the sum of $88,000.  The promissory note is unsecured, bears interest at 8% per annum, and matures on December 1, 2013.  The Conversion Price shall mean par .001 multiplied by the number of Common Stock converted at the time.  The transaction was handled as a private sale exempt from registration under Section 4(2) of the Securities Act of 1933. . Promissory Note #16  On July 1, 2013 the Company entered into a Convertible Promissory Note with Direct Capital in the sum of $11,000.  The promissory note is unsecured, bears interest at 8% per annum, and matures on January 1, 2014.  The Conversion Price shall mean par .001 multiplied by the number of Common Stock converted at the time.  The transaction was handled as a private sale exempt from registration under Section 4(2) of the Securities Act of 1933.  Promissory Note #17  On August 1, 2013 the Company entered into a Convertible Promissory Note with Direct Capital in the sum of $11,000.  The promissory note is unsecured, bears interest at 8% per annum, and matures on February 1, 2014.  The Conversion Price shall mean par .001 multiplied by the number of Common Stock converted at the time.  The transaction was handled as a private sale exempt from registration under Section 4(2) of the Securities Act of 1933.  Promissory Note #18  On August 7, 2013 the Company entered into a Convertible Promissory Note with Syndication Capital in the sum of $50,000.  The promissory note is unsecured, bears interest at 8% per annum, and matures on February 7, 2014.  The Conversion Price shall mean par .001 multiplied by the number of Common Stock converted at the time.  The transaction was handled as a private sale exempt from registration under Section 4(2) of the Securities Act of 1933.  Note 9 Derivative Liabilities  The Company issued financial instruments in the form of convertible notes with embedded conversion features. Many of the convertible notes payable have conversion rates, which are indexed to the market value of the Company’s stock price.  During the nine month period ended August 31, 2013, the Company recorded derivative liabilities for embedded conversion features related to convertible notes payable of face value $159,000 (year ended November 30, 2012 - $120,000). During the nine month period ended August 31, 2013, $137,600 (year ended November 30, 2012, $172,800) of convertible notes payable and accrued interest was converted into common stock of the Company. For the nine month period ended August 31, 2013, the Company performed a final mark-to-market adjustment for the derivative liability related to the convertible notes of and the carrying amount of the derivative liability related to the conversion feature of $214,451 (year ended November 30, 2012 - $228,500) was reclassed to additional paid in capital on the date of conversion in the statement of shareholders’ deficit. During the nine month period ended August 31, 2013, the Company recognized a loss of $133,462 (year ended November 2012 - $40,600) based on  the change in fair value (mark-to market adjustment) of the derivative liability associated with the embedded conversion features in the accompanying statement of operations.  These derivative liabilities have been measured in accordance with fair value measurements, as defined by GAAP ASC 815. The valuation assumptions are determined by Level 3 inputs. The following table represents the Company’s derivative liability activity for the embedded conversion features discussed above:   August 31,November 30,20132012Balance, beginning of year$                   58,200$               129,000Initial recognition of derivative liability159,000117,100Fair value change in derivative liability133,46240,600Conversion of derivative liability to APIC(214,451)(228,500)Balance as of August 31, 2013$                 136,211$                 58,200    Note 10 Asset Retirement Obligations  During the period November 2007 to October 2009, the Company acquired in tranches a 50% working interest in the Hayter 10-8-40-1 W4M oil and gas well in Alberta Canada, known as the “Hayter Prospect”. During the year ended November 30, 2012, due to financial restrictions in the current capital markets, management determined the focus of the Company in the future would predominantly be the exploration and development of the Zoro Mineral Property, and as the Company had no current plans to further develop the Hayter property, the Company recorded an impairment provision of $135,427 during the fiscal year ended November 30, 2012, resulting in the book value of the Hayter prospect being $nil at November 30, 2012. As of August 31, 2013 and November 30, 2012, the Company determined the asset retirement obligation to be $17,372 and $16,845, respectively.  Total future asset retirement obligations were estimated by management based on the Company’s net ownership interest, estimated costs to reclaim and abandon the wells and the estimated timing of the costs to be incurred in future periods. The Company has estimated the net present value of its total asset retirement obligations at February 28, 2013 to be $16,889 based on a total undiscounted liability of $17,057 (Cdn$17,500) in the Hayter Prospect, Alberta, Canada. These payments are expected to be made over the next seven years, with the majority of the cost incurred between 2016 and 2019.  The Company’s credit adjusted risk free rate of 15% and an inflation rate of 8% were used to calculate the present value of the asset retirement obligation.  August 31November 3020132012Balance, beginning of year$16,845$13,524Liabilities incurred——Accretion expense6152,238Effect of foreign exchange(88)1,083$17,372$16,845   Note 11 Capital Stock  Authorized  10,000,000 Preferred shares, par value $0.001 – 4,000,000 issued  (November 30, 2012 - none issued)  750,000,000 Common shares par value $0.10 –2,418,470 issued (November 30, 2012 – 1,054,169 shares issued)  On June 6, 2013, the Board of Directors authorized a 100:1 reverse stock split of the common shares. The reverse stock split received regulatory approval on June 28, 2013. The record date for the reverse stock split was June 14, 2013. The authorized number of common shares remained unchanged. All references in the accompanying financial statements to the number of common shares have been restated to reflect the reverse stock split.  Issued  Preferred Stock  On May 14, 2013, the Company issued 4,000,000 preferred shares pursuant to the Mexican mineral property option agreement. Each share has an underlying voting right equivalent to 100 common shares, and is convertible into 100 common shares of the Company.   Common Stock  Between December 12, 2012 and August 31, 2013, the Company issued an aggregate of 245,868 common shares with an aggregate fair value of $100,200, upon the conversion of $50,000 of a convertible note, which was due upon demand.  Between January 12, 2013, and August 31, 2013, the Company issued 192,576 common shares with an aggregate fair value of $86,500, upon the conversion of accrued interest of $1,700 and $42,500 principal of a convertible note.  Between May 2, 2013 and August 31, 2013, the Company issued 189,679 common shares with an aggregate fair value of $51,300, upon the conversion of $25,900 of a convertible note.  Between June 1, 2013, and August 31, 2013, the Company issued 236,102 common shares upon the conversion of accrued interest of $900 and $16,600 principal of a convertible note.   Note 12. Supplemental Disclosure with Respect to Cash Flows  During the nine month period ended August 31, 2013, the following non-cash investing and financing activities occurred:  i)4,000,000 preferred shares were issued with a fair value of $1,160,000 pursuant to a mineral property agreement.  ii)An aggregate of 245,868 common shares were issued with a fair value of $100,200 upon the conversion into stock of $50,000 of the principal of a convertible note payable.  iii)An aggregate of 192,576 common shares were issued with a fair value of $86,500 upon the partial conversion into stock of accrued interest of $1,700 and $42,500 principal of a convertible note payable.  iv)An aggregate of 425,781 common shares were issued with a fair value of $70,532 upon the partial conversion into stock of accrued interest of $900 and $42,500 of the principal of a
convertible note payable.   v)221,250 common shares were issued with a fair value of $50,888 to settle amounts owing to the President amounting to $22,125.  vi)278,750 common shares were issued pursuant to a management fee contract with the President.  During the nine month period ended August 31, 2012, the following non-cash investing and financing activities occurred:  i)26,919 common shares were issued pursuant to a consultancy agreement.  ii)An aggregate of 24,865 common shares were issued with a fair value of $65,300 upon the conversion into stock of $33,800 of accrued interest and principal of a convertible note payable. Note 13 Commitment  On May 5, 2012, the Company entered into a consultancy agreement with Primary Capital LLC. (“Primary”), whereby Primary would provide financial advisory and investment banking services to the Company for a period of two years commencing May 7, 2012. Pursuant to the agreement, the Company paid Primary a non-refundable signing fee of $10,000 and issued Primary common stock equivalent to 4.9% (the “Applicable Percentage”) of the common shares on a fully diluted basis after giving effect to the conversion of all outstanding derivative securities at the time of inception of the agreement.  Accordingly, on May 5, 2012, 26,919 common shares were issued with a fair value of $53,838.  Pursuant to the agreement should the Company issue further potentially dilutive derivative instruments, or issue stock from treasury at any time, then within 5 days of the end of the fiscal quarter in which such instruments or stock was issued, the Company will issue to Primary additional common shares (the “Adjustment shares”) such that Primary continues to hold common stock equivalent to the Applicable Percentage.  Should the Board of Directors grant options, warrants or other securities pursuant to a restricted stock purchase plan or stock option plan approved by the stockholders and Board of Directors of the Company, to employees or Directors such grants shall be considered Excluded Securities for the purposes of determining the Applicable Percentage and the calculation of Adjustment shares in future periods.  Also if the Company completes any financing during the engagement period and also within 2 years of the termination of the agreement with any party introduced to the Company by Primary, Primary will be entitled to:  i)a cash fee of 8% of the gross proceeds of the financing,  ii)a 5 year warrant to purchase that number of shares equal to 8% of the number of shares issued in the financing on the same terms as the financing. Any such warrant issued will be in a form provided by Primary and may include terminology allowing for full ratchet anti-dilution provisions, standard and cashless exercise provisions and the same registration rights as received by the original investors.  The agreement can be terminated by either party by providing written notice at any time after the first anniversary of the agreement if either party is in breach of the agreement and fails to cure such breach within 15 days after it receives notice of such breach. During the quarter ended May 31, 2013, the Company terminated the contract.   Note 14 Prior Year Restatement  i)Mineral Property Option Costs   The Company reviewed its accounting policy for the capitalization of mineral option costs, and has determined that the mineral option costs incurred in the year ended November 30, 2010, amounting to $59,600 were expensed, when they should have been capitalized and accordingly, the results for the year ended November 30, 2010, were restated. The effect of the restatement was to increase the value of the Mineral Property Option by $59,600 at November 30, 2010, 2011 and 2012 and to reduce the loss for the year ended November 30, 2010 by $59,600, resulting in the accumulated deficit being reduced by $59,600 at November 30, 2010, 2011 and 2012, respectively.  ii)Convertible Notes Payable  The Company has determined that certain transactions relating to the convertible notes payable were not correctly accounted for in the three and six month periods ended May 31, 2012 and accordingly the results of the six and three month periods ended May 31, 2012 have been restated.  The Company did not recognize any embedded derivative liabilities arising upon the inception or during the term of certain convertible notes payable. As a result of this, at May 31, 2012, the value of the convertible notes on the balance sheet was overstated by $150,724 and derivative liabilities were understated by $170,900.  In the condensed consolidated statement of loss, for the six month period ended May 31, 2012 accretion of convertible debt and interest discount expense was overstated by $68,311, interest expense on beneficial conversion feature of convertible notes was overstated by $140,000 gain on elimination of convertible debt was overstated by $21,888 and interest expense was understated by $162,868. Finally, the loss on change in fair value of derivative liability was understated by $40,200.  In the condensed consolidated statement of loss, for the three month period ended May 31, 2012 accretion of convertible debt and interest discount expense was overstated by $30,630, interest expense on beneficial conversion feature of convertible notes was overstated by $50,000 gain on elimination of convertible debt was overstated by $21,888 and interest expense was understated by $66,434. Finally the loss on change in fair value of derivative liability was understated by $21,000.  iii)Accumulated Other Comprehensive Income  The Company also determined the accounting for foreign exchange with respect to the translation adjustments arising on the translation of its Canadian subsidiary had been incorrectly recorded. Such gains or losses arising had been included in the operations of the year, rather than being treated as elements of other comprehensive income, which forms a separate part of equity.  As a result of the restatement, the Company has increased the balance of other comprehensive income at November 30, 2011 by $6,388 and also increased the accumulated deficit by a corresponding amount. During the six month period ended May 31, 2012, foreign exchange charged to the income statement was reduced by $830 and a corresponding reduction to accumulated comprehensive income was recorded. During the three month period ended May 31, 2012, foreign exchange credited to the income statement was reduced by $454 and a corresponding increase to accumulated comprehensive income was recorded.  The net effect of the above restatements at May 31, 2012 is to increase the carrying value of the mineral property by $59,600 to $139,600, reduce the carrying value of the convertible notes payable from $357,432 to $206,708 and to increase the derivative liability from $nil to $170,900. Accumulated other comprehensive income increased from $nil to $6,561. Also the previously reported loss for the six month period ended May 31, 2012, was increased by $16,095 to $416,491 and the previously reported loss for the three month period ended May 31, 2012 increased by $29,145 to $221,476. The previously reported accumulated deficit at May 31, 2012 increased by 44,176 from $3,300,141 to $3,255,965.          ITEM 2.  MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.  FORWARD-LOOKING STATEMENTS  This Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A) contains forward-looking statements that involve known and unknown risks, significant uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed, or implied, by those forward-looking statements. You can identify forward-looking statements by the use of the words may, will, should, could, expects, plans, anticipates, believes, estimates, predicts, intends, potential, proposed, or continue or the negative of those terms. These statements are only predictions. In evaluating these statements, you should consider various factors, which may cause our actual results to differ materially from any forward-looking statements. Although we believe that the exceptions reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Therefore, actual results may differ materially and adversely from those expressed in any forward-looking statements. We undertake no obligation to revise or update publicly any forward-looking statements for any reason.  Company Overview  We are currently engaged in the business of identifying, evaluating, and qualifying potential mineral properties and investing in interests in those properties with the goal of producing commercially marketable quantities of various types of minerals.  The Hayter Well  We presently hold a 50% working interest of the County Line Energy Corp. interest in the Hayter Well located in Alberta, Canada. However, for the time being we have decided to abandon our pursuit of extracting oil and gas from this or any other oil and gas property. Instead, we plan to focus our efforts on our current mineral properties.  Zoro 1 Mineral Claim  On July 6, 2010, we entered into an option agreement with Dalton Dupasquier, pursuant to which Mr. Dupasquier has granted to us the sole and exclusive right and option, exercisable in the manner described below, to acquire a 100% net undivided interest in the property known as the Zoro 1 mineral claim, located near the East Shore of Wekusko Lake in west-central Manitoba, Canada.  Amount of PaymentDate Payment is DueAdditional Notes$59,600July 6, 2010This amount was paid.$102,900June 15, 2011This amount was paid in 1,000,000 shares of common stock.$194,800June 15, 2012This amount was agreed to be paid in $50,500 and 7,500,000 shares of common stock. We have paid $50,500 and issued 7,500,000 shares of common stock.$403,560June 15, 2013We did not make the payment as of June 15, 2013.  We are in negotiations to extend the payment date.  No assurance can be made, however, that we will come to terms with Mr. Dupasquier. As such, we may lose our option on the property.  Company is confident that this will not impact its ability to retain property.  During the year ended November 30, 2012, we incurred $8,639 on exploration expenditures on the property. During the nine months ended August 31, 2013, we incurred $0 on exploration expenditures on the property.  We acquired the option to explore the potential for deposits of lithium on the Zoro 1 mineral claim. According to the United States Geological Survey (USGS), global end-use markets for lithium include ceramics and glass, batteries, lubricating greases, air treatment, continuous casting and primary aluminum production. Batteries, especially rechargeable batteries, are the market for lithium compounds with the largest growth potential as major automobile companies pursue the development of lithium batteries to power hybrid electric cars.  In September 2009, we received a Technical Report on the Zoro 1 mineral claim. The report was authored by Mr. Mark Fedikow, PhD., and P.Eng. of Mount Morgan Resources Ltd. The objectives of the report were to summarize the geology, review the historic ore reserves, and economic potential of the spodumene-bearing dykes delineated on the property and their surrounding geological environment.  A historic reserve estimate for Lithium oxide (Li2O) has been calculated on limited drilling on a single dyke on the Zoro 1 mineral claim. Drill indicated spodumene reserves coupled with data from trenching have been calculated with a total undiluted tonnage given as 1,727,550 at 0.945% Li2O. However, the historic data upon which the resource of 1,727,550 tons grading 0.945% Li2O was based is not dispositive. When the historic work was done, there was no “Qualified Person” in place, assay labs were not ISO Certified and insufficient drilling was undertaken to define the resource. It therefore became necessary to conduct more exploration activities to support the limited historic data available.  There are seven zoned pegmatite dykes on the Zoro 1 mineral claim. An exploration team explored the main dyke, located the additional seven trenches that had historically been noted on the Zoro 1 claim and produced a geologic map of each trench. Once areas of interest were located, the crew cleaned out the trenches and used a pick and shovel method to look at rocks to find pegmatite. They then took channel samples using a rock saw on historic trenches hosting pegmatite.  While exploring the main and additional seven dykes on the project area the crew identified several additional trenches that had not been noted in previous exploration programs. These findings suggest a potential for a greater amount of resource to be spread across the property, and give further encouragement for more detailed exploration.  Altogether 170 channel samples were sent for assay at Activation Laboratories in Ancaster, Ontario. The samples were analyzed to confirm historical lithium assays, and to assess the pegmatite for rare earth elements, including gold, rubidium, niobium, tantalum, tin, tungsten, and beryllium, all of which add to the prospectively and economic viability of the Zoro 1 property.  Analysis of the channel samples collected from historic trenches in the pegmatite target has confirmed that a significant zone of lithium mineralization is present on the Zoro 1 claim. Analytical results are summarized in Table 1, which is attached to our annual report as Exhibit 99.2 that we filed with the Securities and Exchange Commission on February 23, 2012.  With the current and future importance of lithium and the mineralized zone at Zoro 1, we are now preparing for the next phase of our exploration program. This phase, which will require a drill program, will assess  the third dimension of the deposit and its historic resource, and determine the economic viability of mining the resource. This will be dependent on the Company maintaining control of the property.  We plan to continue to explore the Zoro 1 mineral claim using the Exploration Recommendations outlined by Dr. Fedikow in the NI 43-101 Technical Report, which are set forth below along with a table of recommended expenditures.     Initially, the Zoro 1 pegmatite’s should be the focus of the following exploration approaches. These are as follows:  1.Trench rehabilitation including overburden stripping and washing.  2.Geologic mapping of individual trenches at a scale of 1:20.  3.Detailed geological mapping at a scale appropriate to document relevant features on the property. This will include the seven pegmatite dykes, trench locations, historic drill collars and geological attributes of the dykes. It is likely this mapping will be undertaken at a scale of 1:1000.  4.Trench and channel sampling should be undertaken to confirm historic assay results.  5.Re-log historic drill core as possible.  6.A grid should be re-established on the property and an attempt made to tie-in the collar locations of all-previous drilling. This information would help to structure new diamond drill programs. Initially, an attempt should be made to re-construct the historic grid although it is unlikely this will be possible given the length of time that has elapsed since the grid was first cut.  7.The geochemistry of the spodumene with particular relevance to iron content should be evaluated. Albite-rich portions of the pegmatite should be assayed for tantalum, tin, and niobium values. Altered and mineralized wallrocks should be assayed for gold particularly where the mineral assemblage of pyrrhotite, chalcopyrite and arsenopyrite are observed. Any subsequent drill program should be accompanied by a multi-element geochemical approach to assaying core including assays for gold. This will be followed up with assays for specific metals that may be present in the pegmatite dykes. The new assay program should be accompanied by a quality assurance and quality control program.  8.Diamond drilling should initially target Dyke No. 1 with the aim of ascertaining the physical size and extent of this dyke. Additional drilling will be necessary in the vicinity of the six remaining known dykes as well as any additional lithium-bearing pegmatite uncovered during exploration on the remainder of the property.  Tres Hermanas Silver-Lead-Zinc Property  On May 14, 2013, we entered into a Mineral Property Acquisition Agreement (the "MPAA") with Highlander Overseas, Inc., a West Indies corporation (“Highlander”). Pursuant to the terms and conditions of the MPAA, Highlander shall grant us with the right to acquire one hundred percent (100%) of the mining interests in those certain four concessions known as La Predilecta, La Predilecta II, La Crus, and La Cascada (the “Property”), which is comprised of a total of approximately Three Thousand One Hundred Eighty One Hectares (3,181 ha) and is located in Miahuatlan District, in the Southern portion of Valles Centrales Region within Oaxaca State, Mexico. In exchange, we are required to: (i) pay two cash payments of Fifty Thousand dollars ($50,000) to Highlander for a total of One Hundred Thousand dollars ($100,000), the first payment of $50,000 is to be paid within 60 days after both parties have executed the MPAA, and the second payment is to be paid 90 days after both parties have executed the MPAA, and (ii) issue an aggregate of four million (4,000,000) restricted shares of our preferred common stock to Highlander, pursuant the terms and conditions of the MPAA.  First payment of $50,000.00 has been paid.  The Company is now waiting for Seller to verify the current standing with all taxes on the property.  As soon as this is confirmed the Company will authorize second payment.  Once the tax verification comes from the country of Mexico the Mexican subsidiary will be established and ownership of property will be held within the Mexican subsidiary.  An NI 43-101 Report was prepared on the Tres Hermanas Silver-Lead-Zinc Property by Geologists Richard R. Culbert and David M. Pollard. A brief description of their Report follows.  The Tres Hermanas Property comprises 3,671 hectares, covering a mountainous area in the vicinity of the village of San Sebastian Rio Dulce, some 50 kilometers southwest of the city of Oaxaca.  Although there is some quartz of epithermal character, most of the vein is composed of sulphides. Silver, lead, zinc and molybdenum are the elements of value, while the gangue includes pyrite, arsenopyrite and barite, in addition to some quartz. Much of the sulphides occur as a fine, black intergrowth. Samples taken by the geologists verify the tenor of the silver grades reported from the earlier work, although most of the samples had to be taken from adit mouths and dumps.  The exploration conducted so far has yielded consistently encouraging results from surface sampling, adit sampling, soil geochemistry and four diamond drill cores. Looking forward, future work within a Phase I budget of $796,385, will include further soil geochemistry that extends the current grid further to the south-west, ground geophysics, in the form of a resistivity survey, Magnetometry and I.P. together with a 3,000 meter drilling program. This program will consist of approximately 26 drill holes focusing on the San Sebastian structure.  If this program gives the positive results that are anticipated, further funding will be sought (Phase II). This funding would finance a further 10,000 meters of drilling together with opening up all the adits with conventional mining equipment. These adits could then be mapped and sampled. Following this, an underground drilling program, using bazooka drills, should establish a measured and indicated resource. Bulk metallurgical tests would then be necessary to determine what concentrates can be produced at the mine and, how effectively local smelters would be able to recover these metals from the concentrate. A scoping study would then be undertaken to consider the economic viability of the project.  RESULTS OF OPERATIONS  Working Capital  August 31, 2013November 30, 2012$$Total Current Assets17835,442Total Current Liabilities538,499442,056Working Capital (Deficit)(538,321)(406,614)   Cash Flows  Nine MonthsNine MonthsEndedEndedAugust 31, 2013August 31, 2012$$Revenue--Operating Expenses(379,940)(446,509)Other Expenses, net(390,945)(94,977)Net Income (Loss)(770,885)(541,486)   Results for the Quarter Ended August 31, 2013 Compared to the Quarter Ended August 31, 2012.  Operating Revenues   The Company’s revenues for the quarter ended August 31, 2013, and August 31, 2012, were $Nil and $Nil, respectively. We have not earned any revenues to date, and do not anticipate earning revenues until such time as we encounter commercially productive minerals to exploit. All of our prospects are undeveloped. We anticipate that we will have to address the cash shortfall through additional equity financings in the future. We can offer no assurance, however, that such financings will be available on terms acceptable to our company.  Net Loss from Operations  The Company’s net loss from operations for the quarter ended August 31, 2013, and August 31, 2012, was $(202,387) and $(165,195), respectively.  General and Administrative Expenses  General and administrative expenses for the quarter ended August 31, 2013, and August 31, 2012, were $202,387 and $165,195, respectively.  General and administrative expenses consisted primarily of consulting fees, officer compensation, interest expense and professional fees.  The decrease was primarily attributable to a decrease in administrative fees appropriate for normal operations.  Net Loss  Net loss for the quarter ended August 31, 2013, was $480,940 compared with a net loss of $140,255 for the quarter ended August 31, 2012.  The decrease in loss is due to a decrease in operating and administrative expenses.  Results for the Nine Months Ended August 31, 2013 Compared to the Nine Months Ended August 31, 2012.  Operating Revenues  The Company’s revenues for the Nine months ended August 31, 2013, and August 31, 2012, were $Nil and $Nil, respectively. We have not earned any revenues to date, and do not anticipate earning revenues until such time as we encounter commercially productive minerals to exploit. All of our prospects are undeveloped. We anticipate that we will have to address the cash shortfall through additional equity financings in the future. We can offer no assurance, however, that such financings will be available on terms acceptable to our company.  Net Loss from Operations  The Company’s net loss from operations for the Nine months ended August 31, 2013, and August 31, 2012, was $(379,940) and $(446,509), respectively.  General and Administrative Expenses  General and administrative expenses for the Nine months ended August 31, 2013, and August 31, 2012, were $379,940 and $446,509, respectively.  General and administrative expenses consisted primarily of consulting fees, officer compensation, interest expense and professional fees.  The decrease was primarily attributable to a decrease in administrative fees appropriate for normal operations.  Net Loss  Net loss for the Nine months ended August 31, 2013, was $770,885 compared with a net loss of $541,486 for the Nine months ended August 31, 2012.  The decrease in loss is due to a decrease in operating expenses and administrative fees.  Results for the Period from November 1, 2006(inception of exploration state) Through August 31, 2013.  Operating Revenues  The Company’s revenues for the period from November 1, 2006(inception of exploration state) through August 31, 2013 were $Nil.   Net Loss from Operations  The Company’s net loss from operations for the period from November 1, 2006, (inception of exploration state) through August 31, 2013, was $3,812,039.  General and Administrative Expenses  General and administrative expenses for the period from November 1, 2006, (inception of exploration state) through August 31, 2013, were $3,812,039.  General and administrative expenses consist primarily of consulting fees, officer compensation, management fees, and professional fees appropriate for being a public company.  Net Loss  Net loss for the period from November 1, 2006, (inception of exploration state) through August 31, 2013, was $4,682,623. Liquidity and Capital Resources  As at August 31, 2013, the Company had a cash balance and asset total of $178 and $340,277 respectively, compared with $35,442 and $375,541 of cash and total assets, respectively, as at November 30, 2012. The decrease in cash was due to the payments of professional fees and the decrease in total assets was due to the decrease in cash.  As at August 31, 2013, the Company had total liabilities of $555,871 compared with $458,901 as at November 30, 2012. The decrease in total liabilities was attributed to the decrease in accounts payable.  The overall working deficit increased from $406,614 deficit at November 30, 2012, to $538,321at August 31, 2013, due to an increase in convertible notes payable.  Cashflow from Operating Activities  During the Nine months ended August 31, 2013, cash used in operating activities was $(171,350) compared to $(168,293) for the Nine months ended August 31, 2012. The decrease in the amounts of cash used for operating activities was primarily due to an increase in change in fair value of derivative liabilities and interest expenses.  Cashflow from Investing Activities  During the Nine months ended August 31, 2013, cash used in investing activities was $Nil compared to ($25,500) for the Nine months ended August 31, 2012.  Cashflow from Financing Activities  During the Nine months ended August 31, 2013, cash provided by financing activity was $135,375 compared to $213,845 for the Nine months ended August 31, 2012.  The decrease in cash provided by financing activities is due to the Company’s receiving less in advances from officers, but was offset by private placements from investors during the quarter.  Off-Balance Sheet Arrangements  We have no significant off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to stockholders.  Going Concern  We have not attained profitable operations and are dependent upon obtaining financing to pursue any extensive acquisitions and activities. For these reasons, our auditors stated in their report on our audited financial statements that they have substantial doubt that we will be able to continue as a going concern without further financing.   Future Financings  We will continue to rely on equity sales of our common shares in order to continue to fund our business operations. Issuances of additional shares will result in dilution to existing stockholders. There is no assurance that we will achieve any additional sales of the equity securities or arrange for debt or other financing to fund our operations and other activities.  Critical Accounting Policies  We prepare our financial statements in conformity with GAAP, which requires management to make certain estimates and apply judgments. We base our estimates and judgments on historical experience, current trends and other factors that management believes to be important at the time the condensed financial statements are prepared. Due to the need to make estimates about the effect of matters that are inherently uncertain, materially different amounts could be reported under different conditions or using different assumptions.  On a regular basis, we review our critical accounting policies and how they are applied in the preparation of our condensed financial statements.  While we believe that the historical experience, current trends and other factors considered support the preparation of our financial statements in conformity with GAAP, actual results could differ from our estimates and such differences could be material.  For a full description of our critical accounting policies, please refer to Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our 2012 Annual Report on Form 10-K.  ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK  We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.  ITEM 4. CONTROLS AND PROCEDURES  Evaluation of Disclosure Controls and Procedures  An evaluation was performed under the supervision and with the participation of our management who also serves as the Chief Executive Officer/Chief Financial Officer, of the effectiveness of our disclosure controls and procedures (as defined in Rule 13a-15(e) or 15d-15(e) under the Securities Exchange Act of 1934, as amended) as of the end of the period covered by this report.  Based on that evaluation, our management concluded that our disclosure controls and procedures were not effective at the end of this period covered by this report to ensure that the information we are required to disclose in the reports that we file or submit under the Securities Exchange Act of 1934, is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms relating to us, and was accumulated and communicated to our management, including our CEO/CFO, as appropriate, to allow timely decisions regarding required disclosure.  As discussed in the Company’s Annual Report on Form 10-K for the fiscal year ended November 30, 2012, the Company’s management identified certain material weaknesses and other deficiencies in the Company’s disclosure controls and procedures and the Company has initiated, or plans to initiate, a series of certain measures to address these material weaknesses.  The Company is working as quickly as possible to implement this initiative; however, the lack of adequate working capital and positive cash flow from operations will likely slow this implementation.  Changes in Internal Control over Financial Reporting  There has been no change to our internal control over financial reporting during the three months ended August 31, 2013, that has materially affected, or is likely to materially affect, our internal control over financial reporting.  PART II - OTHER INFORMATION   ITEM 1.  LEGAL PROCEEDINGS  We know of no material, existing or pending legal proceedings against our company, nor are we involved as a plaintiff in any material proceeding or pending litigation. There are no proceedings in which our director, officer or any affiliates, or any registered or beneficial shareholder, is an adverse party or has a material interest adverse to our interest.  ITEM 1A.  RISK FACTORS  We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.  ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS  1. Quarterly Issuances:  On June 26, 2013, we issued 4,000,000 shares of preferred stock to Highlander Overseas, Inc. in connection with a Mineral Property Acquisition Agreement.  2. Subsequent Issuances:  Subsequent to the quarter, we did not issue any unregistered securities other than as previously disclosed.  ITEM 3. DEFAULTS UPON SENIOR SECURITIES  None.  ITEM 4. MINE SAFETY DISCLOSURES  None.  ITEM 5. OTHER INFORMATION  On September 1, 2013 the Company entered into a Convertible Promissory Note with Direct Capital Group Inc. in the sum of $11,000.00 with a March 1, 2014 maturity date.  On October 1, 2013 the Company entered into a Convertible Promissory Note with Direct Capital Group Inc. in the sum of $11,000.00 with an April 1, 2014 maturity date.  On October 11, 2013, the Company authorized and directed to amend and restate the $20,000.00 note originally issued to Geotech International, Ltd on February 15, 2012, Promissory Note #6, into a new promissory note to Direct Capital Group Inc. in the amount of $20,000.00 to provide conversion features equal to the lower of (i) $0.001 per share or (ii) 60% of the lowest closing bid price of the last day of 5 trading days prior to conversion.  On October 11, 2013, the Company authorized and directed to amend and restate the $20,000.00 note originally issued to Pea Soup Inc. on February 15, 2012, Promissory Note #7, into a new promissory note to Direct Capital Group Inc. in the amount of $20,000.00 to provide conversion features equal to the lower of (i) $0.001 per share or (ii) 60% of the lowest closing bid price of the last day of 5 trading days prior to conversion.  On October 11, 2013, the Company authorized and directed to amend and restate the $20,000.00 note originally issued to Watermark Holdings Inc. on February 15, 2012, Promissory Note #8, into a new promissory note to Direct Capital Group Inc. in the amount of $20,000.00 to provide conversion features equal to the lower of (i) $0.001 per share or (ii) 60% of the lowest closing bid price of the last day of 5 trading days prior to conversion.  ITEM 6. EXHIBITS  ExhibitNumberDescription of ExhibitFiling3.01Articles of IncorporationFiled with the SEC on June 5, 2006  as part of our Registration Statement on Form SB-2.3.01(a)Amendment to Articles of IncorporationFiled with the SEC on June 13, 2013 as part of our Current Report on Form 8-K3.02BylawsFiled with the SEC on June 5, 2006 as part of our Registration Statement on Form SB-2.4.012012 Employee and Consultant Stock Compensation Plan.Filed with the SEC on August 28, 2012 as part of our Registration Statement on Form S-8.10.01Loan Agreement by and between the Company and G2 Petroleum, LLC, dated March 11, 2009Filed with the SEC on March 17, 2009 as part of our Annual Report on Form 10-K.10.02Lease Agreement by and between the Company and TEG, Inc., dated September 11, 2008Filed with the SEC on March 17, 2009 as part of our Annual Report on Form 10-K.10.03Assignment Agreement by and between the Company and G2 Petroleum, LLC., dated June 20, 2009Filed with the SEC on July 15, 2009 as part of our Quarterly  Report on Form 10-Q.10.04Assignment Agreement by and between the Company and G2 Petroleum, LLC., dated September 16, 2009Filed with the SEC on September 24, 2009, as part of our Current Report on Form 8-K.10.05Addendum to Participation Agreement by and between the Company and County Line Energy Corp., dated October 16, 2009Filed with the SEC on October 23, 2009, as part of our Quarterly Report on Form 10-Q.10.06Share Issuance Agreement by and between the Company and Villa Atmu S.A., dated November 16, 2009Filed with the SEC on November 24, 2009 as part of our Current Report on Form 8-K.10.07Addendum to Participation Agreement by and between the Company and County Line Energy Corp., dated October 16, 2009Filed with the SEC on March 15, 2010, as part of our Annual Report on Form 10-K.10.08Commodity-Industry Analyst Agreement by and between the Company and Michael. Mathot, dated July 23, 2010Filed with the SEC on July 28, 2010, as part of our Current Report on Form 8-K.10.09Employment Agreement by and between the Company and Tim DeHerrera, dated August 10, 2010.Filed with the SEC on August 16, 2010 as part of our Current Report on Form 8-K.10.10Mineral Property Option Agreement by and between the Company and Dalton Dupasquier, dated July 6, 2010.Filed with the SEC on August 23, 2010 as part of our Current Report on Form 8-K.10.11Debt Settlement and Subscription Agreement by and between the Company and RCapital Management, Ltd., dated August 3, 2010.Filed with the SEC on September 9, 2010 as part of our Current Report on Form 8-K.10.12Separation Agreement by and between the Company and Michael. Mathot, dated December 31, 2010.Filed with the SEC on January 3, 2011 as part of our Current Report on Form 8-K.10.13Addendum to Employment Agreement by and between the Company and Tim DeHerrera, dated July 18, 2011.Filed with the SEC on February 23, 2012 as part of our Annual Report on Form 10-K.10.14Mineral Property Acquisition Agreement, by and between the Company, and Highlander Overseas, Inc. regarding the purchase of the La Predilecta Property, dated May 14, 2013Filed with the SEC on June 4, 2013 as part of our Current Report on Form 8-K.10.15Second Addendum to Employment Agreement by and between the Company and Tim DeHerrera, dated May 30, 2013.Filed herewith.10.16Promissory Note by and between the Company and Direct Capital Group, Inc., dated June 1, 2013.Filed herewith.10.17Promissory Note by and between the Company and Direct Capital Group, Inc., dated July 1, 2013.Filed herewith.10.18Promissory Note by and between the Company and Direct Capital Group, Inc., dated August 1, 2013.Filed herewith.10.19Promissory Note by and between the Company and Syndication Capital, LLC., dated August 7, 2013.Filed herewith.10.20Promissory Note by and between the Company and Direct Capital Group, Inc., dated September 1, 2013.Filed herewith10.21Promissory Note by and between the Company and Direct Capital Group, Inc., dated October 1, 2013.Filed herewith10.22Assignment of a Convertible Redeemable Note in the Company, dated February 15, 2012, by and between Geotech International Ltd., and Direct Capital Group, Inc., dated October 11, 2013.Filed herewith.10.23Assignment of a Convertible Redeemable Note in the Company, dated February 15, 2012, by and between Pea Soup, Inc., and Direct Capital Group, Inc., dated October 11, 2013.Filed herewith.10.24Assignment of a Convertible Redeemable Note in the Company, dated February 15, 2012, by and between Watermark Holdings, Inc., and Direct Capital Group, Inc., dated October 15, 2013.Filed herewith.14.01Code of EthicsFiled with the SEC on March 17, 2009 as part of our Annual Report on Form 10-K.16.01Representative Letter from BDO Canada LLP, dated January 18, 2011Filed with the  SEC on January 20, 2011 as part of our Current Report on Form 8-K.16.02Letter from John Kinross-Kennedy CPA Accountants, dated January 2, 2013.Filed with the SEC on January 3, 2013, as part of our Current Report on Form 8-K.21.01List of SubsidiariesFiled with the SEC on March 17, 2009 as part of our Annual Report on Form 10-K.31.01Certification of Principal Executive Officer Pursuant to Rule 13a-14Filed herewith.31.02Certification of Principal Financial Officer Pursuant to Rule 13a-14Filed herewith.32.01CEO and CFO Certification Pursuant to Section 906 of the Sarbanes-Oxley ActFiled herewith. *Pursuant to Regulation S-T, this interactive data file is deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, and otherwise is not subject to liability under these sections.     SIGNATURES  In accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.  FORCE MINERALS CORPORATIONDated: October 21, 2013/s/ Tim DeHerreraTIM DEHERRERAIts: President, Chief Executive Officer, Chief Financial Officer, and Treasurer   In accordance with the Exchange Act, this report has been signed below by the following persons on behalf of the Company and in the capacities and on the dates indicated.  Dated: October 21, 2013/s/ Tim DeHerreraBy: TIM DEHERRERA
Its: Director