SECURITIES
AND EXCHANGE COMMISSION


WASHINGTON,
D.C. 20549




FORM
10-QSB





[x]    Quarterly
Report Pursuant to Section 13 or 15(d) Securities Exchange Act of 1934 for
Quarterly Period Ended February 29, 2008





-OR-





[
]     Transition Report Pursuant to Section 13 or 15(d)
of the Securities And Exchange Act of 1934 for the transaction period from
_________  to________





Commission
file number: 000-52522





Mar Ked
Mineral Exploration, Inc. (Exact
name of registrant as specified in its charter)





NEVADA
            
            98-0550352(State
      or other jurisdiction of incorporation or organization)
            
            (I.R.S.
      Employer Identification Number)





P.O.
      Box 331916, Miami, FL
            33233-1916(Address
      of principal executive offices)
            (Zip
      Code)





(Registrant's
telephone number, including area code) (786) 228-8592








Check
whether the issuer (1) 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 is a shell company (as defined in Rule
12b-2 of the Exchange Act).





Yes  [  ]      No
[ x ]





The
number of outstanding shares of the registrant's common stock, February
29, 2008:  Common
Stock  -  18,999,876





Transitional
Small Business Disclosure Format (Check one):





Yes  [  ]      No
[ x ]











PART I --
FINANCIAL INFORMATION





Mar Ked
Mineral Exploration, Inc.





Item 1.
Financial Statements





Balance
Sheet,


February
29, 2008(unaudited)


Statements
of Operations for the three months ended


February
29, 2008 and 2007 (unaudited)


Statements
of Cash Flows for the three months ended


February
29, 2008 and 2007 (unaudited)


Notes to
financial statements








2


MAR
KED MINERAL EXPLORATION, INC.


(An
Exploration Stage Company)


BALANCE
SHEETS


(Stated
in US Dollars)





February
      29
            
            
            November
      302008
            
            
            2007(unaudited)ASSETSCURRENT
      ASSETSCash
            
            $
            -
            
            
            $
            1,390GST
      Tax Refund
            
            
            2,924
            
            
            
            2,924Prepaid
      expenses and deposits
            
            
            -
            
            
            
            -Total
      Current Assets
            
            
            2,924
            
            
            
            4,314Mineral
      Rights
            
            
            3,500
            
            
            
            3,500TOTAL
      ASSETS
            
            $
            6,424
            
            
            $
            7,814LIABILITIES
      AND STOCKHOLDERS’ EQUITYCURRENT
      LIABILITIESAccounts
      payable and accrued liabilities
            
            $
            11,854
            
            
            $
            12,040Total
      Current Liabilities
            
            
            11,854
            
            
            
            12,040STOCKHOLDERS’
      EQUITYAuthorized:100,000,000
      preferred shares, par value $0.001 per share100,000,000
      common shares, par value $0.001 per shareIssued
      and outstanding:10,900,000
      common shares issued And outstanding (Note 5)
            
            
            10,900
            
            
            
            10,900Additional
      paid in capital
            
            
            78,100
            
            
            
            78,100Subscription
      receivable
            
            
            -
            
            
            
            -Deficit
      – Accumulated during exploration Stage
            
            
            (94,430
            )
            
            
            (93,226
            )Total
      Stockholders’ Equity
            
            
            (5,430
            )
            
            
            (4,226
            )TOTAL
      LIABILITIES AND STOCKHOLDERS’ EQUITY
            
            $
            6,424
            
            
            $
            7,814







The
accompanying notes are an integral part of these
financial statements





3


MAR
KED MINERAL EXPLORATION, INC.


(An
Exploration Stage Company)


STATEMENT
OF OPERATIONS


For the
three months ended February 29, 2008 and 2007


(unaudited)


(Stated
in US Dollars)





2008
            
            
            2007EXPENSESGeneral
      and administrative
            
            $
            1,205
            
            
            $
            6,142MINERAL
      PROPERTY EXPLORATION EXPENSESAcquisition
      costs
            
            
            -
            
            
            
            -PROVISION
      FOR INCOME TAXES
            
            
            -
            
            
            
            -NET
      LOSS FOR THE PERIOD
            
            $
            (1,205
            )
            
            $
            (6,142
            )BASIC
      AND DILUTED LOSS PER COMMON SHARE
            
            $
            (0.00
            )
            
            $
            (0.00
            )WEIGHTED
      AVERAGE NUMBER OF BASIC AND DILUTED COMMON SHARES
    OUTSTANDING
            
            
            10,900,000
            
            
            
            10,900,000







The
accompanying notes are an integral part o f these
financial statements





4


MAR
KED MINERAL EXPLORATION, INC.


(An
Exploration Stage Company)


STATEMENT
OF CASH FLOWS


For the
three months ended February 29, 2008 and 2007


(unaudited)


(Stated
in US Dollars)





2008
            
            
            2007OPERATING
      ACTIVITIESNet
      loss
            
            $
            (1,205
            )
            
            $
            (6,142
            )Changes
      in non-cash working capital itemsPrepaid
      expenses and deposits
            
            
            -
            
            
            
            (238
            )Accounts
      payable and accrued liabilities
            
            
            (185
            )
            
            
            (3,922
            )Cash
      used by operating activities
            
            
            (1,390
            )
            
            
            (10,302
            )INVESTING
      ACTIVITYMineral
      Rights Purchase
            
            
            (3,500
            )
            
            
            -FINANCING
      ACTIVITYCommon
      stock issued for cashSubscription
      receivable
            
            
            -
            
            
            
            2,000Cash
      provided by financing activity
            
            
            -
            
            
            
            2,000CASH
      INCREASE
            
            
            (1,390
            )
            
            
            (8,302
            )CASH,
      BEGINNING OF PERIOD
            
            
            1,390
            
            
            
            72,334CASH,
      END OF PERIOD
            
            $
            -
            
            
            $
            64,032SUPPLEMENTAL
      DISCLOSURE:Interest
      paid
            
            $
            -
            
            
            $
            -Income
      taxes paid
            
            $
            -
            
            
            $
            -NON-CASH
      TRANSACTIONS:Shares
      issued for share subscriptionReceivable
            
            $
            -
            
            
            $
            -







The
accompanying notes are an integral part of these
financial statements






5




MAR KED
MINERAL EXPLORATION, INC.


(An
Exploration Stage Company)


NOTES TO
THE INTERIM FINANCIAL STATEMENTS


FOR THE
THREE MONTHS ENDED FEBRUARY 29, 2008


(Stated
in US Dollars)





1.  ORGANIZATION
AND DESCRIPTION OF THE BUSINESS





Mar Ked
Mineral Exploration, Inc. (the “Company”) is a private company incorporated on
August 22, 2006 under the laws of the State of Nevada and extraprovincially
registered under the laws of the Province of British Columbia on October 27,
2006.





The
Company is an exploration stage company engaged in the acquisition, exploration,
and development of resource properties.





The
Company has elected a fiscal year-end of November 30.





2.  GOING
CONCERN





The
accompanying interim financial statements have been prepared assuming that the
Company will continue as a going concern, which contemplates, among other
things, the realization of assets and satisfaction of liabilities in the normal
course of business.  As shown in the accompanying interim financial
statements, the Company incurred a net loss of $1,205 for the quarter ending
February 29, 2008 compared to a net loss of $6,142 for the quarter ending
February 28, 2007. The decrease in net loss was mainly due to a decrease in
general and administration costs. The Company intends to fund operations through
equity financing arrangements, which may be insufficient to fund its capital
expenditures, working capital, and other cash requirements.





The
ability of the Company to emerge from the exploration stage is dependent upon,
among other things, obtaining additional financing to continue operations,
explore and develop mineral properties, and the discovery, development and sale
of ore reserves.





In
response to these problems, management intends to raise additional funds through
public or private placement offerings.  These factors, among others,
raise substantial doubt about the Company’s ability to continue as a going
concern.  The accompanying interim financial statements do not include
any adjustments that might result from the outcome of this
uncertainty.





3.  BASIS
OF PRESENTATION





These
interim financial statements have been prepared in accordance with U.S.
generally accepted accounting principles for financial information and with the
instructions to Form 10-QSB and Item 310(b) of Regulation S-B.  In the
opinion of management, all adjustments (consisting of normal recurring accruals)
considered necessary for a fair presentation have been included.  The
Company applies the same accounting policies and methods to its interim
financial statements as those in the annual financial statements.





6




MAR KED
MINERAL EXPLORATION, INC.


(An
Exploration Stage Company)


NOTES TO
THE INTERIM FINANCIAL STATEMENTS


FOR THE
THREE MONTHS ENDED FEBRUARY 29, 2008


(Stated
in US Dollars)








4.  SUMMARY
OF SIGNIFICANT ACCOUNTING POLICIES





Significant
accounting policies which affect the Company are summarized below:





i)   
Exploration Stage Company





The
Company is considered to be in the Exploration stage. The Company is devoting
substantially all of its present efforts to exploring and developing the mineral
property in the Yukon Territories, Canada.





ii)  
Accounting Method





The
accounting and reporting policies of the Company conform to United States
generally accepted accounting principles applicable to exploration stage
enterprises.





iii)  
Mineral Property Exploration and Development





The
Company is in the exploration stage and has not yet realized any revenue from
its planned operations. It is primarily engaged in the acquisition, exploration,
and development of mining properties. Mineral property acquisition and
exploration costs are expensed as incurred. When it has been determined that a
mineral property can be economically developed as a result of establishing
proven and probable reserves, the costs incurred to develop such property are
capitalized. Such costs will be depreciated using the units-of-production method
over the estimated life of the probable reserve.





iv)  
Loss Per Share





The
Company has adopted Financial Accounting Standards Board (“FASB”) Statement
Number 128, “Earnings per Share,” (“EPS”) which requires presentation of basic
and diluted EPS on the face of the income statement for all entities with
complex capital structures and requires a reconciliation of the numerator and
denominator of the basic EPS computation to the numerator and denominator of the
diluted EPS.





Basic
loss per share was computed by dividing the net loss by the weighted average
number of shares outstanding during the period.  The weighted average
number of shares was calculated by taking the number of shares outstanding and
weighting them by the amount of time that they were
outstanding.  Diluted loss per share is the same as basic loss per
share, as there are no dilutive instruments outstanding.





7




MAR KED
MINERAL EXPLORATION, INC.


(An
Exploration Stage Company)


NOTES TO
THE INTERIM FINANCIAL STATEMENTS


FOR THE
THREE MONTHS ENDED FEBRUARY 29, 2008


(Stated
in US Dollars)





v)  
Provision for Taxes





Deferred
income taxes are reported for timing differences between items of income or
expense reported in the financial statements and those reported for income tax
purposes in accordance with SFAS Number 109, “Accounting for Income Taxes,”
which requires the use of the asset/liability method of accounting for income
taxes.  Deferred income taxes and tax benefits are recognized for the
future tax consequences attributable to differences between the financial
statement carrying amounts of existing assets and liabilities and their
respective tax bases, and for tax loss and credit
carry-forwards.  Deferred tax assets and liabilities are measured
using enacted tax rates expected to apply to taxable income in the years in
which those temporary differences are expected to be recovered or
settled.  The Company provides for deferred taxes for the estimated
future tax effects attributable to temporary differences and carry-forwards when
realization is more likely than not.





vi)  Use
of Estimates





The
process of preparing financial statements requires the use of estimates and
assumptions regarding certain types of assets, liabilities, revenues, and
expenses.  Such estimates primarily relate to unsettled transactions
and events as of the date of the financial statements; accordingly, upon
settlement, actual results may differ from estimated amounts.





vii)  Cash
and Cash Equivalents





The
Company considers all highly liquid investments with maturity of three months or
less at the date of acquisition to be cash equivalents and which, in the opinion
of management, are subject to an insignificant risk of loss in
value.





viii) Derivative
Instruments





For the
quarter ending February 29, 2008, the Company had not engaged in any
transactions that would be considered derivative instruments or hedging
activities.





ix)  Foreign
Currency Translations





The
Company’s functional currency is the U.S. dollar. The Company’s reporting
currency is the U.S. dollar.  All transactions initiated in Canadian
dollars are translated into U.S. dollars in accordance with SFAS No. 52 "Foreign
Currency Translation" as follows:





a)   monetary
assets and liabilities at the rate of exchange in effect at the balance sheet
date; and


b)   revenue
and expense items at the average rate of exchange prevailing during the
period.





8




MAR KED
MINERAL EXPLORATION, INC.


(An
Exploration Stage Company)


NOTES TO
THE INTERIM FINANCIAL STATEMENTS


FOR THE
THREE MONTHS ENDED FEBRUARY 29, 2008


(Stated
in US Dollars)





For
foreign currency transactions, the Company translates these amounts to the
Company’s functional currency at the exchange rate effective on the invoice
date.  If the exchange rate changes between the time of purchase and
the time actual payment is made, a foreign exchange transaction gain or loss
results which is included in determining net income for the period.





x)
  Fair Value of Financial Instruments and Derivative Financial
Instruments





The
Company has adopted Statement of Financial Accounting Standards (“SFAS”) Number
119, “Disclosure about Derivative Financial Instruments and Fair Value of
Financial Instruments.”  The carrying amounts of cash and cash
equivalents and amount due to related party approximate their fair values
because of the short maturity of these items.  Certain fair value
estimates may be subject to and involve uncertainties and matters of significant
judgment, and, therefore, cannot be determined with
precision.  Changes in assumptions could significantly affect these
estimates.  The Company does not hold or issue financial instruments
for trading purposes, nor does it utilize derivative instruments in the
management of its foreign exchange, commodity price, or interest rate market
risks.





All
significant financial assets, financial liabilities, and equity instruments of
the Company are either recognized or disclosed in these financial statements
together with other information relevant for making a reasonable assessment of
future cash flows, interest rate risk, and credit risk.  Where
practicable, the fair value of financial assets and financial liabilities have
been determined and disclosed; otherwise, only available information pertinent
to the fair value has been disclosed.





xi)  Stock
Based Compensation





The
Company accounts for stock-based compensation issued to employees based on SFAS
No. 123R “Share Based Payment”.  SFAS No. 123R is a revision of SFAS
No. 123 “Accounting for Stock-Based Compensation”, and supersedes APB Opinion
No. 25, “Accounting for Stock Issued to Employees” and its related
implementation guidance. SFAS 123R establishes standards for the accounting for
transactions in which an entity exchanges its equity instruments for goods or
services.  It also addresses transactions in which an entity incurs
liabilities in exchange for goods or services that are based on the fair value
of the entity’s equity instruments or that may be settled by the issuance of
those equity instruments. SFAS 123R focuses primarily on accounting for
transactions in which an entity obtains employee services in share-based payment
transactions. SFAS 123R does not change the accounting guidance for share-based
payment transactions with parties other than employees provided in SFAS 123 as
originally issued and Emerging Issues Task Force Issue No. 96-18, “Accounting
for Equity Instruments That Are Issued to Other Than Employees for Acquiring, or
in Conjunction with Selling, Goods or Services”.  SFAS 123R does not
address the accounting for employee share ownership plans, which are subject to
AICPA Statement of Position 93-6, “Employers’ Accounting for Employee Stock
Ownership Plans”.


9


MAR KED
MINERAL EXPLORATION, INC.


(An
Exploration Stage Company)


NOTES TO
THE INTERIM FINANCIAL STATEMENTS


FOR THE
THREE MONTHS ENDED FEBRUARY 29, 2008


(Stated
in US Dollars)





SFAS 123R
requires an entity to measure the cost of employee services received in exchange
for an award of equity instruments based on the grant-date fair value of the
award (with limited exceptions).  That cost will be recognized over
the period during which an employee is required to provide service in exchange
for the award – the requisite service period (usually the vesting
period).  SFAS 123R requires that the compensation cost relating to
share-based payment transactions be recognized in financial
statements.  That cost will be measured based on the fair value of the
equity or liability instruments issued. The scope of SFAS 123R includes a wide
range of share-based compensation arrangements including share options,
restricted share plans, performance-based awards, share appreciation rights, and
employee share purchase plans. Public entities (other than those filing as small
business issuers) will be required to apply SFAS 123R as of the first interim or
annual reporting period that begins after June 15, 2005. Public entities that
file as small business issuers will be required to apply SFAS 123R in the first
interim or annual reporting period that begins after December 15, 2005. For
non-public entities, SFAS 123R must be applied as of the beginning of the first
annual reporting period beginning after December 15, 2005. The adoption of this
standard is not expected to have a material effect on the Company’s results of
operations or financial position.





As of the
three months ending February 29, 2008, the Company had no stock-based
compensation plans nor had it granted options to employees.  No
stock-based employee compensation cost is reflected in the net loss as no
options had been granted.





xii)  Segmented
Reporting





SFAS
Number 131, “Disclosure About Segments of an Enterprise and Related
Information”, changed the way public companies report information about segments
of their business in their quarterly reports issued to
shareholders.  It also requires entity-wide disclosures about the
products and services an entity provides, the material countries in which it
holds assets and reports revenues and its major customers.





For the
quarter ending February 29, 2008, all operations took place in
Canada.








10




MAR KED
MINERAL EXPLORATION, INC.


(An
Exploration Stage Company)


NOTES TO
THE INTERIM FINANCIAL STATEMENTS


FOR THE
THREE MONTHS ENDED FEBRUARY 29, 2008


(Stated
in US Dollars)








xiii) Revenue
Recognition





The
Company recognizes revenue from the sale of products and services in accordance
with Securities and Exchange Commission Staff Accounting Bulletin No. 104 (“SAB
104”), “Revenue Recognition in Financial Statements.”





For the
quarter ending February 29, 2008, the Company had no revenues to report. The
only receivable to report is a Goods & Services Tax Return Refund for GST
Paid on Purchases for the year  ended November 30, 2007 in the amount
of CDN$3088.00, USD$2,924.





xiv) Recently
Adopted Accounting Standards





In
September 2006, the FASB issued SFAS No. 157, "Fair Value Measurements” ("SFAS
No. 157"). SFAS 155 establishes a framework for measuring fair value and expands
disclosures about fair value measurements. The changes to current practice
resulting from the application of this statement relate to the definition of
fair value, the methods used to measure fair value, and the expanded disclosures
about fair value measurements.  The statement is effective for fiscal
years beginning after November 15, 2007 and interim periods with those fiscal
years.





The
adoption of this new pronouncement is not expected to have a material effect on
the Company’s interim consolidated financial position or results of
operations.





5.  COMMON
SHARES





2006


From the
inception date of August 22, 2006 to the year ended November 30, 2006 the
Company issued through a Private Placement of Founder’s Seed Capital Shares
5,000,000 common shares valued at $0.001 per share for gross proceeds of $5,000,
a Private Placement of Subscriber’s Seed Capital Shares for 5,000,000 common
shares valued at $0.01 per share for gross proceeds of $50,000, a Private
Placement of Subscriber Seed Capital Shares for 500,000 common shares valued at
$0.02 per share for gross proceeds of $10,000 and a Private Placement of
Subscriber Seed Capital Shares for 400,000 common shares valued at $0.05 per
share for gross proceeds of $20,000.





2007


During
the year ended November 30, 2007 the Company received gross proceeds of $2,000
for the Private Placement of 400,000 Subscriber Seed Capital Shares valued at
$0.05 per share (as noted above). The Company did not issue any additional
common shares during the year ended November 30, 2007.





11




MAR KED
MINERAL EXPLORATION, INC.


(An
Exploration Stage Company)


NOTES TO
THE INTERIM FINANCIAL STATEMENTS


FOR THE
THREE MONTHS ENDED FEBRUARY 29, 2008


(Stated
in US Dollars)








2008


For the
quarter ending February 29, 2008 the Company did not issue any additional common
shares.




6.  MINERAL
PROPERTY EXPLORATION AND DEVELOPMENT EXPENSES





On
November 1, 2006, the Company entered into an option agreement to acquire a 100%
interest in fifty-eight (58) mineral claims that make up the RB Property located
in the Finlayson Lake area in the Yukon Territories in Canada. The costs
incurred to date are summarized as follows:




Acquisition
      costs
            
            $
            7,000Balance, November 30, 2007
            
            $
            7,000




In order
to earn this 100% interest, subject to a 3% Net Smelter Return royalty, the
Company must make cash payments totalling $400,000 and incur minimum work
expenditures of $875,500 (or CDN$1,000,000) as follows:





a)  $3,500
paid within ten business days of signing the agreement (paid);


b)  $3,500
paid within thirty business days of the Company becoming free trading on the
OTCBB (paid);


c)  $13,000
paid on the first anniversary date of the agreement and minimum work
expenditures of $43,775 (or CDN$50,000) spent before the first anniversary
date;


d)  $20,000
paid on the second anniversary date of the agreement and minimum work
expenditures of $131,325 (or CDN$150,000) spent before the second anniversary
date;


e)  $160,000
paid on the third anniversary date of the agreement and minimum work
expenditures of $262,650 (or CDN$300,000) spent before the third anniversary
date; and


f)  $200,000
paid on the fourth anniversary date of the agreement and minimum work
expenditures of $437,750 (or CDN$500,000) spent before the third anniversary
date.





If the
minimum work expenditures are not met and should the parties mutually agree,
then the Company may pay in cash to the vendor 50% of the difference between the
actual expenditures and the minimum work expenditure required for that year in a
single payment to avoid being in default.





After the
third anniversary date, the vendor has the right to buy back a 30% interest in
the property by refunding to the Company all of their cumulative work
expenditures spent to date on the property.  If the vendor exercises
this right, then the parties will immediately form a joint venture with the
Company’s participating interest being 70%.





12




MAR KED
MINERAL EXPLORATION, INC.


(An
Exploration Stage Company)


NOTES TO
THE INTERIM FINANCIAL STATEMENTS


FOR THE
THREE MONTHS ENDED FEBRUARY 29, 2008


(Stated
in US Dollars)








The
Company may, at any time, purchase up to 1.5% of the Net Smelter Return royalty
by paying the vendor the sum of $1,000,000.




7.  FINANCIAL
INSTRUMENTS





The
Company's financial instruments consist of cash, amounts receivable, and
accounts payable. Unless otherwise noted, it is management's opinion that the
Company is not exposed to significant interest, currency, or credit risks
arising from these financial instruments. The fair values of these financial
instruments approximate their carrying value, unless otherwise
noted.





Currency
risk is the risk to the Company's earnings that arises from fluctuations of
foreign exchange rates and the degree of volatility of these rates. The Company
does not use derivative instruments to reduce its exposure to foreign currency
risk.





For the
quarter ending February 29, 2008 the Company had the following financial
liabilities in Canadian dollars:





USD
      equivalent
            
            
            CDN
      DollarsAccounts
      payable
            
            $
            2,409
            
            
            $
            2,544





For the
quarter ending February 29, 2008 US dollar amounts were converted at a rate of
$1.0562 Canadian dollars to $1.00 US dollar.





8.  INCOME
TAXES





From the
inception date of August 22, 2006 to the year ended November 30, 2006 the
Company accumulated net operating losses for income tax purposes of
approximately $20,000, which may be carried forward up to 2026 and used to
reduce taxable income of future years.





During
the year ended November 30, 2007 the Company accumulated net operating losses of
$72,773.





For the
quarter ending February 29, 2008 the Company had a net operating loss of $1,205
compared to a net operating loss for the quarter ending February 28, 2007 of
$6,142.





The
potential future tax benefits of these losses have not been recognized in these
interim financial statements due to uncertainty of their
realization.  A full valuation allowance has been provided for the
Company’s future income tax assets, as the management of the Company has
determined that it is more likely than not that these assets will not be
realized in the foreseeable future.





13




MAR KED
MINERAL EXPLORATION, INC.


(An
Exploration Stage Company)


NOTES TO
THE INTERIM FINANCIAL STATEMENTS


FOR THE
THREE MONTHS ENDED FEBRUARY 29, 2008


(Stated
in US Dollars)






9.  RELATED
PARTY TRANSACTION





2006





From the
inception date of August 22, 2006 to the year ended November 30, 2006 the
Company issued 5,000,000 common shares valued at $0.001 per share to the
President of the Company.  Total gross proceeds from the share
issuance amounts to $5,000.





2007





During
the year ended November 30, 2007 there were no related party
transactions.





2008





For the
quarter ending February 29, 2008 there were no related party
transactions.





14




ITEM
6.   MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
AND RESULTS OF OPERATIONS.





Our plan
of operations for the next twelve months is to obtain the funding necessary to
identify, purchase and explore mineral claims.





During
the 12 month period following the date hereof, we anticipate that we will not
generate any revenue.  Accordingly, we will be required to obtain
additional financing in order to continue our plan of operations.  We
believe that debt financing will not be an alternative for funding additional
phases of exploration as we do not have tangible assets to secure any debt
financing.  We anticipate that additional funding will be in the form
of equity financing from the sale of our common stock.  However, we do
not have any financing arranged and we cannot provide investors with any
assurance that we will be able to raise sufficient funding from the sale of our
common stock to fund our acquisition and exploration program.





We may
consider entering into a joint venture arrangement to provide the required
funding to acquire and develop yet to be identified mineral
claims.  We have not undertaken any efforts to locate a joint venture
participant.  Even if we determined to pursue a joint venture
participant, there is no assurance that any third party would enter into a joint
venture agreement with us in order to fund exploration any mineral
claims.  If we entered into a joint venture arrangement, we would
likely have to assign a percentage of our interest in any mineral
claims.





RESULTS
OF OPERATIONS





Revenues


We have
had no operating revenues since our incorporation on August 22, 2006 to the
quarter ending February 29, 2008. We anticipate that we will not generate any
revenues for so long as we are an exploration stage company.





General
and Administrative Expenses


Our
general and administrative expenses for the quarter ending February 29, 2008 and
for the quarter ending February 28, 2007 are summarized below:





For
      the quarter ending
            
            
            For
      the quarter endingFebruary
      29, 2008
            
            
            February
      28, 2007Accounting
      and auditing
            
            $
            -
            
            
            $
            -Advertising
      and promotion
            
            
            -
            
            
            
            -Bank
      charges and interest
            
            
            48
            
            
            
            102Consulting
            
            
            1,147
            
            
            
            -Foreign
      exchange (gain)/loss
            
            
            10
            
            
            
            (89
            )Legal
            
            
            -
            
            
            
            6,118Office
      supplies
            
            
            -
            
            
            
            -Telephone
            
            
            -
            
            
            
            -Transfer
      agent and filing
            
            
            -
            
            
            
            -Total
      general and administrative expenses
            
            $
            1,205
            
            
            $
            6,142





15




LIQUIDITY
AND CAPITAL RESOURCES





We had
cash of $0 and working capital deficit of $5,430 for the quarter ending February
29, 2008.  Comparatively, we had cash of $64,032 and working capital
of $58,405 for the quarter ending February 28, 2007.





Plan of
Operations





We
estimate that our total expenditures over the next twelve months will be
approximately $82,575. Our cash and working capital will not be sufficient to
enable us to locate alternative mineral claims and we will have to pursue
additional debt or equity financing.





Cash Used
in Operating Activities





Cash used
in operating activities was $1,390 for the quarter ending February 29, 2008 and
$10,302 for the quarter ending February 28, 2007. We anticipate that cash used
in operating activities will increase in 2008.





Cash from
Financing Activities





We have
funded our business to date primarily from sales of our common
stock.  From our incorporation, on August 22, 2006, to November 30,
2007, we have raised a total of $85,000 from private offerings of our
securities.





There are
no assurances that we will be able to achieve further sales of our common stock
or any other form of additional financing. If we are unable to achieve the
financing necessary to continue our plan of operations, then we will not be able
to continue our exploration of the property underlying our mineral claims option
and our venture will fail.





Going
Concern





We have
not attained profitable operations and are dependent upon obtaining financing to
pursue any extensive exploration activities. For these reasons our auditors
stated in their report that they have substantial doubt we will be able to
continue as a going concern.





Future
Financings





We
anticipate continuing 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 our existing shareholders. There is no assurance that we
will achieve any additional sales of our equity securities or arrange for debt
or other financing to fund our planned exploration activities.





16




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 is material to
stockholders.




Item 3.
Controls and Procedures





Changes
in Internal Controls





During
the three months ended February 29, 2008, there were no changes in our internal
controls over financial reporting (as defined in Rule 13a-15(f) and 15d-15(f)
under the Exchange Act) that have materially affected, or are reasonably likely
to materially affect, our internal control over financial
reporting.





Evaluation
of Disclosure Controls and Procedures





Under the
supervision and with the participation of our management, including our chief
executive officer and chief financial officer, we conducted an evaluation of our
disclosure controls and procedures, as such term is defined under Rule 13a-15(e)
and Rule 15d-15(e) promulgated under the Securities Exchange Act of 1934, as
amended, as of February 29, 2008.  Based on this evaluation, our chief
executive officer and chief principal financial officers have concluded such
controls and procedures to be effective as of February 29, 2008 to ensure that
information required to be disclosed by the issuer in the reports that it files
or submits under the Act is recorded, processed, summarized and reported, within
the time periods specified in the Commission’s rules and forms and to ensure
that information required to be disclosed by an issuer in the reports that it
files or submits under the Act is accumulated and communicated to the issuer’s
management, including its principal executive and principal financial officers,
or persons performing similar functions, as appropriate to allow timely
decisions regarding required disclosure.





Management’s
Report on Internal Control over Financial Reporting





Management
of the Corporation is responsible for establishing and maintaining adequate
internal control over financial reporting as derived in Rule 13a-15(f) under the
Securities Exchange Act of 1934.  We have assessed the effectiveness
of those internal controls as of December 31, 2007, using the Committee of
Sponsoring Organizations of the Treadway Commission (“COSO”) Internal Control
Integrated Framework as a basis for our assessment.





Because
of its inherent limitations, internal control over financial reporting may not
prevent or detect misstatements.  Projections of any evaluation of
effectiveness to future periods are subject to the risk that controls may become
inadequate because of changes in conditions, or that the degree of compliance
with the policies or procedures may deteriorate.  All internal control
systems, no matter how well designed, have inherent
limitations.  Therefore, even those systems determined to be effective
can provide only reasonable assurance with respect to financial statement
preparation and presentation.





17




A
material weakness in internal controls is a deficiency in internal control, or
combination of control deficiencies, that adversely affects the Corporation’s
ability to initiate, authorize, record, process, or report external financial
data reliably in accordance with accounting principles generally accepted in the
United States of America such that there is more than a remote likelihood that a
material misstatement of the Corporation’s annual or interim financial
statements that is more than inconsequential will not be prevented or
detected.  In the course of making our assessment of the effectiveness
of internal controls over financial reporting, we did not identify any material
weakness in our internal control over financial reporting.  Therefore,
it is our conclusion that the Corporation’s internal controls over financial
reporting were effective as of February 29, 2008.





This
annual report does not include an attestation report of the Corporation’s
registered public accounting firm regarding internal control over financial
reporting.  Management’s report was not subject to attestation by the
Corporation’s registered public accounting firm pursuant to temporary rules of
the Securities and Exchange Commission that permit the Corporation to provide
only management’s report in this annual report.





18


PART II -
OTHER INFORMATION





Item 1.
Legal Proceedings.


Not
applicable.





Item 2.
Changes in Securities and Use of Proceeds.


Not
applicable





Item 3.
Defaults Upon Senior Securities.


Not
applicable.





Item 4.
Submission of Matters to a Vote of Security Holders.


Not
applicable.





Item 5.
Other Information.


Not
applicable.





Item 6.
Exhibits





Exhibit
31 – 302 certification


Exhibit
32 – 906 certification








SIGNATURES





Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has
duly caused this Report to be signed on its behalf by the undersigned thereunto
duly authorized.





Dated:  April
8, 2008





Mar Ked
Mineral Exploration, Inc.





By  /s/Vladimir
Fedyunin


Vladimir
Fedyunin


President
and Director






19