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UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C.
20549

Form 10-Q

(Mark One)

[ x ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
  SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2009

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

Commission file number 000-52745

TECKMINE INDUSTRIES,
INC.(Exact name of registrant as specified in its
charter)

|Nevada                                                               | 98-0534859                       
|-------------------------------------------------------------------- | ---------------------------------
|(State or other jurisdiction of incorporation or
      organization) | (IRS Employer Identification No.)

Suite 239  280 Nelson Street, Vancouver, British
Columbia, Canada V6B 2E2(Address of principal executive offices)
(zip code)

778.737.0389(Registrants telephone number,
including area code)

Not Applicable(Former name, former address and
former fiscal year, if changed since last report)

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 [     ]     No
[     ]  (Not currently applicable to Registrant)

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 definitions of large accelerated filer, accelerated
filer, and smaller reporting company in Rule 12b-2 of the Exchange Act.
(Check one):

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- 2 -

|Large accelerated filer [     ]               | Accelerated filer
      [      ]
|--------------------------------------------- | --------------------------------
|Non-accelerated filer [     
]                | Smaller reporting company [ x ] 
|(Do not check if a smaller reporting company) |                                 

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

APPLICABLE ONLY TO CORPORATE ISSUERS

Indicate the number of shares outstanding of each of the
issuers classes of common stock, as of the latest practicable date:

19,506,304 common shares issued and outstanding as of August 10,
2009

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- 3 -

PART I - FINANCIAL INFORMATION

Item 1. Financial Statements.

Our financial statements are stated in United States dollars
and are prepared in accordance with United States generally accepted accounting
principles.

It is the opinion of management that the interim financial
statements for the quarter ended June 30, 2009 include all adjustments necessary
in order to ensure that the interim financial statements are not misleading.

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|Teckmine Industries Inc.      
|------------------------------
|(An Exploration Stage Company)
|June 30, 2009                 

|                                  | Index
|--------------------------------- | -----
|Balance Sheets                    | F1  
|Statements of Operations          | F2  
|Statements of Cash Flows          | F3  
|Notes to the Financial Statements | F4  

---

F-1

|Teckmine Industries, Inc.     
|------------------------------
|(An Exploration Stage Company)
|Balance Sheets                
|(expressed in U.S. dollars)   

|                                                       |  | June 30,    |   |  | December 31, |  
|------------------------------------------------------ |  | ----------- | - |  | ------------ | -
|                                                       |  | 2009        |   |  | 2008         |  
|                                                       |  | $           |   |  | $            |  
|                                                       |  | (unaudited) |   |  |              |  
|ASSETS                                                 |  |             |   |  |              |  
|Current Assets                                         |  |             |   |  |              |  
|Cash                                                   |  | 1,687       |   |  | 10,054       |  
|Total Assets                                           |  | 1,687       |   |  | 10,054       |  
|                                                       |  |             |   |  |              |  
|LIABILITIES AND STOCKHOLDERS DEFICIT                  |  |             |   |  |              |  
|Current Liabilities                                    |  |             |   |  |              |  
|Accounts payable                                       |  | 2,584       |   |  | 6,737        |  
|Accrued liabilities                                    |  | 477         |   |  | 103          |  
|Due to related parties (Note 3(b))                     |  | 107,697     |   |  | 88,325       |  
|Total Liabilities                                      |  | 110,758     |   |  | 95,165       |  
|                                                       |  |             |   |  |              |  
|Contingencies (Note 1)                                 |  |             |   |  |              |  
|Stockholders Deficit                                  |  |             |   |  |              |  
|Common Stock:                                          |  |             |   |  |              |  
|100,000,000 shares authorized, $0.001
      par value; |  |             |   |  |              |  
|19,506,304 shares
      issued and outstanding         |  | 19,506      |   |  | 19,506       |  
|Additional Paid-in Capital                             |  | 52,553      |   |  | 52,553       |  
|Donated Capital (Note
      3(a))                      |  | 45,750      |   |  | 41,250       |  
|Deficit Accumulated During the Exploration Stage       |  | (226,880    | ) |  | (198,420     | )
|Total Stockholders Deficit                            |  | (109,071    | ) |  | (85,111      | )
|Total Liabilities
      and Stockholders Deficit      |  | 1,687       |   |  | 10,054       |  

(The Accompanying Notes are an Integral Part of the Financial
Statements)

---

F-2

|Teckmine Industries, Inc.     
|------------------------------
|(An Exploration Stage Company)
|Statements of Operations      
|(expressed in U.S. dollars)   
|(unaudited)                   

|                                             |  | Accumulated from    |   |  | For the      |   |  | For the      |   |  | For the    |   |  | For the    |  
|-------------------------------------------- |  | ------------------- | - |  | ------------ | - |  | ------------ | - |  | ---------- | - |  | ---------- | -
|                                             |  | May 19, 2004        |   |  | Three Months |   |  | Three Months |   |  | Six Months |   |  | Six Months |  
|                                             |  | (Date of Inception) |   |  | Ended        |   |  | Ended        |   |  | Ended      |   |  | Ended      |  
|                                             |  | To June 30,         |   |  | June 30,     |   |  | June 30,     |   |  | June 30,   |   |  | June 30,   |  
|                                             |  | 2009                |   |  | 2009         |   |  | 2008         |   |  | 2009       |   |  | 2008       |  
|                                             |  | $                   |   |  | $            |   |  | $            |   |  | $          |   |  | $          |  
|                                             |  |                     |   |  |              |   |  |              |   |  |            |   |  |            |  
|Revenue                                      |  |                    |   |  |             |   |  |             |   |  |           |   |  |           |  
|                                             |  |                     |   |  |              |   |  |              |   |  |            |   |  |            |  
|Expenses                                     |  |                     |   |  |              |   |  |              |   |  |            |   |  |            |  
|                                             |  |                     |   |  |              |   |  |              |   |  |            |   |  |            |  
|General and
      administrative (Note 3(a)) |  | 167,194             |   |  | 10,875       |   |  | 16,848       |   |  | 28,460     |   |  | 32,658     |  
|Impairment of mineral property
      costs   |  | 55,000              |   |  |             |   |  |             |   |  |           |   |  |           |  
|Mineral property costs                       |  | 4,686               |   |  |             |   |  |             |   |  |           |   |  |           |  
|                                             |  |                     |   |  |              |   |  |              |   |  |            |   |  |            |  
|Total Expenses                               |  | 226,880             |   |  | 10,875       |   |  | 16,848       |   |  | 28,460     |   |  | 32,658     |  
|                                             |  |                     |   |  |              |   |  |              |   |  |            |   |  |            |  
|Net Loss                                     |  | (226,880            | ) |  | (10,875      | ) |  | (16,848      | ) |  | (28,460    | ) |  | (32,658    | )
|                                             |  |                     |   |  |              |   |  |              |   |  |            |   |  |            |  
|                                             |  |                     |   |  |              |   |  |              |   |  |            |   |  |            |  
|Net Loss Per Share
       Basic and Diluted |  |                     |   |  |             |   |  |             |   |  |           |   |  |           |  
|                                             |  |                     |   |  |              |   |  |              |   |  |            |   |  |            |  
|                                             |  |                     |   |  |              |   |  |              |   |  |            |   |  |            |  
|Weighted Average Shares Outstanding          |  |                     |   |  | 19,506,304   |   |  | 19,506,304   |   |  | 19,506,304 |   |  | 19,506,304 |  

(The Accompanying Notes are an Integral Part of the Financial
Statements)

---

F-3

|Teckmine Industries, Inc.     
|------------------------------
|(An Exploration Stage Company)
|Statements of Cash Flows      
|(expressed in U.S. dollars)   
|(unaudited)                   

|                                                       |  | Accumulated from    |   |  | For the    |   |  | For the    |  
|------------------------------------------------------ |  | ------------------- | - |  | ---------- | - |  | ---------- | -
|                                                       |  | May 19, 2004        |   |  | Six Months |   |  | Six Months |  
|                                                       |  | (Date of Inception) |   |  | Ended      |   |  | Ended      |  
|                                                       |  | to June 30,         |   |  | June 30,   |   |  | June 30,   |  
|                                                       |  | 2009                |   |  | 2009       |   |  | 2008       |  
|                                                       |  | $                   |   |  | $          |   |  | $          |  
|Operating Activities                                   |  |                     |   |  |            |   |  |            |  
|Net loss for the period                                |  | (226,880            | ) |  | (28,460    | ) |  | (32,658    | )
|Adjustment to reconcile net
      loss to cash used in |  |                     |   |  |            |   |  |            |  
|operating activities:                                  |  |                     |   |  |            |   |  |            |  
|Donated
      services and expenses                    |  | 45,750              |   |  | 4,500      |   |  | 4,500      |  
|Impairment of mineral
      property costs             |  | 55,000              |   |  |           |   |  |           |  
|Changes in operating assets
      and liabilities:     |  |                     |   |  |            |   |  |            |  
|Accounts payable                                       |  | 2,584               |   |  | (4,152     | ) |  | 5,430      |  
|Accrued liabilities                                    |  | 477                 |   |  | 374        |   |  | (2,283     | )
|Net Cash Used in
      Operating Activities            |  | (123,069            | ) |  | (27,739    | ) |  | (25,011    | )
|Investing Activities                                   |  |                     |   |  |            |   |  |            |  
|Mineral property costs                                 |  | (55,000             | ) |  |           |   |  |           |  
|Net Cash Used in Investing Activities                  |  | (55,000             | ) |  |           |   |  |           |  
|Financing Activities                                   |  |                     |   |  |            |   |  |            |  
|Proceeds
      from issuance of common stock           |  | 75,809              |   |  |           |   |  |           |  
|Share issuance costs                                   |  | (3,750              | ) |  |           |   |  |           |  
|Advances from related parties                          |  | 107,697             |   |  | 19,372     |   |  | 17,699     |  
|Net Cash Flows
      Provided by Financing Activities  |  | 179,756             |   |  | 19,372     |   |  | 17,699     |  
|Increase (Decrease) In Cash                            |  | 1,687               |   |  | (8,367     | ) |  | (7,312     | )
|Cash  Beginning
      of Period                       |  |                    |   |  | 10,054     |   |  | 21,808     |  
|Cash  End of Period                                   |  | 1,687               |   |  | 1,687      |   |  | 14,496     |  
|Supplemental Disclosures                               |  |                     |   |  |            |   |  |            |  
|Interest
      paid                                    |  |                     |   |  |           |   |  |           |  
|Income taxes paid                                      |  |                     |   |  |           |   |  |           |  

(The Accompanying Notes are an Integral Part of the Financial
Statements)

---

F-4

|Teckmine Industries, Inc.     
|------------------------------
|(An Exploration Stage Company)
|Notes to Financial Statements 
|(expressed in U.S. dollars)   
|(unaudited)                   

|1. | Nature of Operations and Continuance of
Business                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|-- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|   | The Company was incorporated in the State of Nevada on
      May 19, 2004. The Company has an option to acquire a 50% interest in a
      mineral property located in British Columbia, Canada. The Company is an
      Exploration Stage Company, as defined by Statement of Financial Accounting
      Standard (SFAS) No.7 Accounting and Reporting by Development Stage
      Enterprises. The Companys principal business is the acquisition and
      exploration of mineral resources. The Company does not currently have any
      mineral property interests                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|   | These financial statements have been prepared on a going
      concern basis, which implies the Company will continue to realize its
      assets and discharge its liabilities in the normal course of business. The
      Company has never generated revenues since inception and has never paid
      any dividends and is unlikely to pay dividends or generate earnings in the
      immediate or foreseeable future. The continuation of the Company as a
      going concern is dependent upon the continued financial support from its
      shareholders, the ability of the Company to obtain necessary equity
      financing to continue operations, confirmation of the Companys interests
      in the underlying properties, and the attainment of profitable operations.
      As at June 30, 2009, the Company has a working capital deficiency of
      $109,071, has not generated any revenue, and has accumulated losses of
      $226,880 since inception. These financial statements do not include any
      adjustments to the recoverability and classification of recorded asset
      amounts and classification of liabilities that might be necessary should
      the Company be unable to continue as a going concern. These factors raise
      substantial doubt regarding the Companys ability to continue as a going
      concern.
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|   | During the next twelve months, the Company estimates its
      operating and working capital requirements to be $79,000. The Company will
      require significant additional financings in order to pursue exploration
      activities. There is no assurance that the Company will be able to obtain
      the necessary financings to complete its objectives                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|2. | Summary of Significant Accounting Policies                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|   | (a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
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|   | (b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
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|   | (c)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|   | (d)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           

---

F-5

|Teckmine Industries, Inc.     
|------------------------------
|(An Exploration Stage Company)
|Notes to Financial Statements 
|(expressed in U.S. dollars)   
|(unaudited)                   

|2. | Summary of Significant Accounting Policies
    (continued)
|-- | ----------------------------------------------------------
|   |                                                           
|   | (e)                                                       
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|   | (j)                                                       
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|   | (k)                                                       
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---

F-6

|Teckmine Industries, Inc.     
|------------------------------
|(An Exploration Stage Company)
|Notes to Financial Statements 
|(expressed in U.S. dollars)   
|(unaudited)                   

|2. | Summary of Significant Accounting Policies
    (continued)
|-- | ----------------------------------------------------------
|   |                                                           
|   | (l)                                                       
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|   | (m)                                                       
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---

F-7

|Teckmine Industries, Inc.     
|------------------------------
|(An Exploration Stage Company)
|Notes to Financial Statements 
|(expressed in U.S. dollars)   
|(unaudited)                   

|2. | Summary of Significant Accounting Policies
    (continued)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|-- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|   | (m)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
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|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|3. | Related Party Transactions                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|   | (a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|   | (b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|4. | Fair Value Measurements                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|   | SFAS 157 defines fair value as the price that would be
      received from selling an asset or paid to transfer a liability in an
      orderly transaction between market participants at the measurement date.
      In determining fair value for assets and liabilities required or permitted
      to be recorded at fair value, the Company considers the principal or most
      advantageous market in which it would transact and it considers
      assumptions that market participants would use when pricing the asset or
      liability.
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|   | Fair Value Hierarchy                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|   | SFAS 157 establishes a fair value hierarchy that requires
      an entity to maximize the use of observable inputs and minimize the use of
      unobservable inputs when measuring fair value. A financial instruments
      categorization within the fair value hierarchy is based upon the lowest
      level of input that is significant to the fair value measurement. SFAS 157
      establishes three levels of inputs that may be used to measure fair
      value:                                                                         

---

F-8

|Teckmine Industries, Inc.     
|------------------------------
|(An Exploration Stage Company)
|Notes to Financial Statements 
|(expressed in U.S. dollars)   
|(unaudited)                   

|4. | Fair Value Measurements (continued)
|-- | -----------------------------------

Level 1

Level 1 applies to assets and
liabilities for which there are quoted prices in active markets for identical
assets or liabilities. Valuations are based on quoted prices that are readily
and regularly available in an active market and do not entail a significant
degree of judgment.

Level 2

Level 2 applies to assets and
liabilities for which there are other than Level 1 observable inputs such as
quoted prices for similar assets or liabilities in active markets, quoted prices
for identical assets or liabilities in markets with insufficient volume or
infrequent transactions (less active markets), or model-derived valuations in
which significant inputs are observable or can be derived principally from, or
corroborated by, observable market data.

Level 2 instruments require more
management judgment and subjectivity as compared to Level 1 instruments. For
instance:

- Determining which instruments are most similar to
  the instrument being priced requires management to identify a sample of
  similar securities based on the coupon rates, maturity, issuer, credit rating
  and instrument type, and subjectively select an individual security or
  multiple securities that are deemed most similar to the security being priced;
  and
- Determining whether a market is considered active
  requires management judgment.

Level 3

Level 3 applies to assets and
liabilities for which there are unobservable inputs to the valuation methodology
that are significant to the measurement of the fair value of the assets or
liabilities. The determination of fair value for Level 3 instruments requires
the most management judgment and subjectivity.

The Company believes the fair value of
its financial instruments consisting of cash, accounts payable, and due to
related parties approximate their carrying values due to the relatively short
maturity of these instruments.

|5. | Subsequent events                                                                                                                                                                                                                                      
|-- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                        
|   | In accordance with SFAS 165, we have evaluated subsequent
      events through August 13, 2009, the date of issuance of the unaudited
      financial statements. During this period we did not have any material
      recognizable subsequent events.

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Item 2. Managements Discussion and Analysis of Financial
Condition and Results of Operations.

FORWARD-LOOKING STATEMENTS

This report contains forward-looking statements.
Forward-looking statements are projections in respect of future events or our
future financial performance. In some cases, you can identify forward-looking
statements by terminology such as may, should, intends, expects,
plans, anticipates, believes, estimates, predicts, potential, or
continue or the negative of these terms or other comparable terminology. These
statements are only predictions and involve known and unknown risks,
uncertainties and other factors, including the risks in the section entitled
Risk Factors, which may cause our or our industrys actual results, levels of
activity or performance to be materially different from any future results,
levels of activity or performance expressed or implied by these forward-looking
statements.

Although we believe that the expectations reflected in the
forward-looking statements are reasonable, we cannot guarantee future results,
levels of activity or performance. Except as required by applicable law,
including the securities laws of the United States, we do not intend to update
any of the forward-looking statements to conform these statements to actual
results.

In this report, unless otherwise specified, all dollar amounts
are expressed in United States dollars and all references to common shares
refer to the common shares in our capital stock.

As used in this report and unless otherwise indicated, the
terms we, us and our refer to Teckmine Industries, Inc.

Overview

We were incorporated in the state of Nevada on May 19, 2004.
Our executive and head office is located at Suite 239  280 Nelson Street,
Vancouver, British Columbia, Canada V6B 2E2.

On November 10, 2004, we entered into an option agreement with
Goldbridge Resources Ltd., which granted us the right to acquire a 50% interest
in the Pioneer Extension Property in consideration for $22,500. The $22,500 was
paid to Goldbridge Resources Ltd. in two installments, consisting of a payment
of $11,250 upon the execution of the option agreement and a payment of $11,250
on February 10, 2005.

The term of the option agreement commenced on November 10,
2004, and extended for a period of 18 months until May 10, 2006. We extended the
term of the option agreement by an additional twelve months until May 10, 2007
by paying Goldbridge Resources an additional $10,000 in September 2006. On May
9, 2007, we entered into a subsequent option agreement with Goldbridge Resources
Ltd. which included similar terms to the option agreement dated November 10,
2004. The May 9, 2007 agreement granted us the right to acquire a 50% interest
in the Pioneer Extension Property in consideration for $22,500. The first
installment of $11,250 was paid to Goldbridge Resources Ltd. upon the execution
of the agreement and the final payment of $11,250 was paid on November 13, 2007.
To exercise the option and acquire the 50% interest in the property, we had to
make a minimum of $250,000 of expenditures on the Pioneer Extension Property on
or before November 9, 2008.

We were unable to raise the financing necessary to carry out
the recommended exploration program and results from other exploration programs
on neighboring areas showed uneconomic mineralization. In addition, the current
financial crises and related liquidity problems have made capital raising
increasingly difficult for exploration stage mining companies to obtain the
financing necessary to undertake exploration programs.

As a result of these factors, our company has decided to not
renew the option agreement of the Pioneer Extension Property with Goldbridge
Resources and the option on our sole property lapsed on November 10, 2008. As of
the date hereof, we do not own any property interests.

We are currently seeking suitable opportunities with
established business entities for the merger or other form of business
combination with our company. Although our company was not successful in raising
the funds to explore the Pioneer Extension Property, we may identify target
companies which hold alternate mineral properties which are suitable for
exploration and development. In certain instances, a target business may wish to
become a subsidiary of us or may wish to

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contribute assets to us rather than merge. Although we are
searching for such opportunities, we have not entered into any definitive
agreements to date and there can be no assurance that we will be able to enter
into any definitive agreements. We anticipate that any new acquisition or
business opportunities by our company will require additional financing. There
can be no assurance, however, that we will be able to acquire the financing
necessary to enable us to pursue our plan of operation and enter into such an
agreement. If our company requires additional financing and we are unable to
acquire such funds, our business may fail.

Even if we are able to enter into a business opportunity and
obtain the necessary funding, there is no assurance that any revenues would be
generated by us or that revenues generated would be sufficient to provide a
return to investors.

Results of Operations

There were no material changes in our results of operations as
our results of operations were consistent with past periods. We did not generate
or realize any revenues from our business operations and our expenses were
related to complying with our obligations as a reporting company under the
Securities Exchange Act of 1934. These expenses consisted primarily of
professional fees relating to the preparation of our financial statements and
completion of our annual report, quarterly reports and current reports filed
with the Securities and Exchange Commission.

During the three months ended June 30, 2009, we incurred
expenses of $10,875 compared to $16,848 during the three months ended June 30,
2008. The decrease in expenses during the three months ended June 30, 2009
resulted from decreased general and administrative expenses, including
professional fees. We have not generated any revenue since our inception.

During the six months ended June 30, 2009, we incurred expenses
of $28,460 compared to $32,658 during the six months ended June 30, 2008. The
decrease in expenses during the six months ended June 30, 2009 resulted from
decreased general and administrative expenses, including professional fees.

As of June 30, 2009, our company had cash of $1,687 and a
working capital deficit of $109,071. We estimate our operating expenses and
working capital requirements for the next twelve period to be as follows:

|1. | $15,000 in connection with our company locating,
      evaluating and negotiating potential business opportunities;                                                                                 
|-- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                     
|2. | $40,000 for operating expenses, including professional
      legal and accounting expenses associated with our company being a
      reporting issuer under the Securities Exchange Act of 1934; and
|   |                                                                                                                                                                                                     
|3. | $24,000 for management and administrative
  costs.                                                                                                                                                  

We will incur additional expenses if we are successful in
entering into an agreement to acquire a suitable business opportunity. If we
enter into such an agreement, we anticipate that we will require significant
funds to develop the business in addition to any acquisition costs. It is not
possible to estimate such funding requirements until such time as we enter into
a business combination.

Liquidity and Capital Resources

We had cash of $1,687 as of June 30, 2009 compared to cash of
$10,054 as of December 31, 2008. We had a working capital deficit of $109,071 as
of June 30, 2009 compared to working capital deficit of $85,111 as of December
31, 2008. We have suffered recurring losses from inception. The ability of our
company to meet our financial liabilities and commitments is primarily dependent
upon the continued financial support of our directors and shareholders, the
continued issuance of equity to new shareholders, and our ability to achieve and
maintain profitable operations.

Management believes that our companys cash balance will not be
sufficient to meet our working capital requirements for the next twelve month
period. We estimate that we will require $79,000 over the next twelve month
period and at least $109,071 to eliminate our working capital deficiency,
exclusive of any acquisition or development costs. This amount may also increase
if we are required to carry out due diligence investigations in regards to any
prospective business opportunity or if the costs of negotiating the applicable
transaction are greater than anticipated. Our company plans to raise the capital
required to satisfy our immediate short-term needs and additional capital
required to meet our estimated funding

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- 6 -

requirements for the next twelve months primarily through the
private placement of our equity securities. There is no assurance that our
company will be able to obtain further funds required for our continued working
capital requirements.

In addition to the issues set out above regarding our ability
to raise capital, global economies are currently undergoing a period of economic
uncertainty related to the tightening of credit markets worldwide. This has
resulted in numerous adverse effects, including unprecedented volatility in
financial markets and stock prices, slower economic activity, decreased consumer
confidence and commodity prices, reduced corporate profits and capital spending,
increased unemployment, liquidity concerns and volatile but generally declining
energy prices. We anticipate that the current economic conditions and the credit
shortage will adversely impact our ability to raise financing. In addition, if
the future economic environment continues to be less favorable than it has been
in recent years, we may experience difficulty in locating a suitable business
opportunity to acquire or enter into a business combination.

Operating Activities

Operating activities used cash of $27,739 during the six months
ended June 30, 2009 as compared to $25,011 during the six months ended June 30,
2008.

Financing Activities

Financing activities provided cash of $19,372 during the six
months ended June 30, 2009 as compared to $17,699 during the six months ended
June 30, 2008. Cash provided from financing activities during the six months
ended June 30, 2009 and 2008 resulted from advances from related parties.

Investing Activities

Investing activities provided cash of $Nil during the six
months ended June 30, 2009 and 2008.

Going Concern

There is substantial doubt about our ability to continue as a
going concern as the continuation of our business is dependent upon obtaining
further long-term financing, entering into a suitable business opportunity and
achieving a profitable level of operations. The issuance of additional equity
securities by us could result in a significant dilution in the equity interests
of our current stockholders. Obtaining commercial loans, assuming those loans
would be available, will increase our liabilities and future cash
commitments.

Due to the uncertainty of our ability to meet our current
operating and capital expenses, in their report on our audited financial
statements for the year ended December 31, 2008, our independent auditors
included an explanatory paragraph regarding substantial doubt about our ability
to continue as a going concern. Our statements contain additional note
disclosures describing the circumstances that lead to this disclosure by our
independent auditors.

Application of Critical Accounting Policies

Our financial statements and accompanying notes are prepared in
accordance with generally accepted accounting principles used in the United
States. Preparing financial statements requires management to make estimates and
assumptions that affect the reported amounts of assets, liabilities, revenue,
and expenses. These estimates and assumptions are affected by managements
application of accounting policies. We believe that understanding the basis and
nature of the estimates and assumptions involved with the following aspects of
our financial statements is critical to an understanding of our financials.

Long-lived Assets

In accordance with SFAS No. 144, Accounting for the Impairment
or Disposal of Long-Lived Assets, the carrying value of long-lived assets is
reviewed on a regular basis for the existence of facts or circumstances that may
suggest impairment. Our company recognizes impairment when the sum of the
expected undiscounted future cash flows is less than the carrying amount of the
asset. Impairment losses, if any, are measured as the excess of the carrying
amount of the asset over its estimated fair value.

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- 7 -

Recent Accounting Pronouncements

In June 2008, the Financial Accounting Standards Board (FASB)
issued FASB Staff Position EITF 03-6-1, Determining Whether Instruments
Granted in Share-Based Payment Transactions Are Participating Securities.
FSP EITF 03-6-1 addresses whether instruments granted in share-based payment
transactions are participating securities prior to vesting, and therefore need
to be included in the computation of earnings per share under the two-class
method as described in FASB Statement of Financial Accounting Standards No. 128,
Earnings per Share. FSP EITF 03-6-1 is effective for financial statements
issued for fiscal years beginning on or after December 15, 2008 and earlier
adoption is prohibited. The adoption of this statement did not have a material
effect on our companys financial statements.

In May 2009, FASB issued SFAS No. 165 (SFAS 165),Subsequent Events. SFAS 165 establishes general standards of for the
evaluation, recognition and disclosure of events and transactions that occur
after the balance sheet date. Although there is new terminology, the standard is
based on the same principles as those that currently exist in the auditing
standards. The standard, which includes a new required disclosure of the date
through which an entity has evaluated subsequent events, is effective for
interim or annual periods ending after June 15, 2009. The adoption of SFAS 165
did not have a material effect on our companys consolidated financial
statements.

In May 2008, the FASB issued SFAS No. 162, The Hierarchy of
Generally Accepted Accounting Principles. SFAS No. 162 identifies the
sources of accounting principles and the framework for selecting the principles
to be used in the preparation of financial statements of nongovernmental
entities that are presented in conformity with generally accepted accounting
principles in the United States. It is effective 60 days following the SECs
approval of the Public Company Accounting Oversight Board amendments to AU
Section 411, The Meaning of Present Fairly in Conformity With Generally
Accepted Accounting Principles. The adoption of this statement is not expected
to have a material effect on our companys financial statements.

In December 2007 the FASB issued SFAS No. 160,
Noncontrolling Interests in Consolidated Financial Statements  an amendment
of Accounting Research Bulletin No. 51, or SFAS 160. SFAS 160 addresses the
accounting and reporting standards for ownership interests in subsidiaries held
by parties other than the parent, the amount of consolidated net income
attributable to the parent and to the noncontrolling interest, changes in a
parents ownership interest, and the valuation of retained noncontrolling equity
investments when a subsidiary is deconsolidated. SFAS 160 also establishes
disclosure requirements that clearly identify and distinguish between the
interests of the parent and the interests of the noncontrolling owners. SFAS 160
is effective for fiscal years beginning after December 15, 2008. The adoption of
SFAS 160 did not have a material impact on our unaudited financial statements.

In December 2007 the FASB issued SFAS No. 141R, Business
Combinations, or SFAS 141R. SFAS 141R establishes principles and
requirements for how the acquirer of a business recognizes and measures in its
financial statements the identifiable assets (including in-process research and
development) acquired, the liabilities assumed, and any noncontrolling interest
in the acquiree. Prior to the adoption of SFAS 141R, in-process research and
development was immediately expensed. In addition, under SFAS 141R all
acquisition costs are expensed as incurred. The statement also provides guidance
for recognizing and measuring the goodwill acquired in the business combination
and determines what information to disclose to enable users of financial
statements to evaluate the nature and financial effects of the business
combination. SFAS 141R is effective for financial statements issued for fiscal
years beginning after December 15, 2008. The effect of adopting SFAS 141R will
depend upon the nature, terms and size of any acquisition we consummate after
the effective date of January 1, 2009.

In April 2009 the FASB issued FSP No. 141R-1 Accounting for
Assets Acquired and Liabilities Assumed in a Business Combination That Arise
from Contingencies, or FSP 141R-1. FSP 141R-1 amends the provisions in
Statement 141R for the initial recognition and measurement, subsequent
measurement and accounting, and disclosures for assets and liabilities arising
from contingencies in business combinations. The FSP eliminates the distinction
between contractual and non-contractual contingencies, including the initial
recognition and measurement criteria in Statement 141R and instead carries
forward most of the provisions in SFAS 141 for acquired contingencies. FSP
141R-1 is effective for contingent assets and contingent liabilities acquired in
business combinations for which the acquisition date is on or after the
beginning of the first annual reporting period beginning on or after December
15, 2008. We expect FSP 141R-1 will have an impact on our consolidated financial
statements, but the nature and magnitude of the specific effects will depend
upon the nature, term and size of the acquired contingencies. The effect of
adopting FSP 141R-1 will depend upon the nature, terms and size of any acquired
contingencies consummated after the effective date of January 1, 2009.

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FSP FAS 115-2 and FAS 124-2, Recognition and Presentation
of Other-Than-Temporary Impairments, provides additional guidance designed
to create greater clarity and consistency in accounting for and presenting
impairment losses on debt securities. FSP FAS 115-2 and FAS 124-2 is effective
for interim and annual periods ending after June 15, 2009, with early adoption
permitted for periods ending after March 15, 2009. An entity may early adopt
this FSP only if it also elects to early adopt FSP FAS 157-4.

FSP FAS 107-1 and APB 28-1, Interim Disclosures about Fair
Value of Financial Instruments, enhances consistency in financial reporting
by increasing the frequency of fair value disclosures. FSP 107-1 and APB 28-1 is
effective for interim periods ending after June 15, 2009, with early adoption
permitted for periods ending after March 15, 2009. However, an entity may early
adopt these interim fair value disclosure requirements only if it also elects to
early adopt FSP FAS 157-4 and FSP FAS 115-2 and FAS 124-2.

Our company is currently evaluating the impact, if any, that
the adoption of these FSPs will have on its financial statements.

On April 13, 2009, the Securities and Exchange Commissions
(SEC) Office of the Chief Accountant and Division of Corporation Finance
issued SEC Staff Accounting Bulletin 111 (SAB 111). SAB 111 amends and
replaces SAB Topic 5M, Miscellaneous AccountingOther Than Temporary
Impairment of Certain Investments in Equity Securitiesto reflect FSP FAS
115-2 and FAS 124-2. This FSP provides guidance for assessing whether an
impairment of a debt security is other than temporary, as well as how such
impairments are presented and disclosed in the financial statements. The amended
SAB Topic 5M maintains the prior staff views related to equity securities but
has been amended to exclude debt securities from its scope. SAB 111 is effective
upon the adoption of FSP FAS 115-2 and FAS 124-2. Our company is currently
evaluating the impact, if any, that the adoption of SAB 111 will have on the
financial statements of our company.

RISK FACTORS

An investment in our common stock involves a number of very
significant risks. You should carefully consider the following risks and
uncertainties in addition to other information in this quarterly report in
evaluating our company and our business before purchasing shares of our
companys common stock. Our business, operating results and financial condition
could be seriously harmed due to any of the following risks. You could lose all
or part of your investment due to any of these risks.

We have had negative cash flows from operations and if we
are not able to obtain further financing, our business operations may fail.

We had cash in the amount of $1,687 and a working capital
deficit of $109,071 as of June 30, 2009. We do not have sufficient funds to
independently finance the acquisition of suitable business opportunities, nor do
we have the funds to independently finance our daily operating costs. We do not
expect to generate any revenues for the foreseeable future. Accordingly, we will
require additional funds, either from equity or debt financing, to maintain our
daily operations and to locate and acquire suitable business opportunities.
Obtaining additional financing is subject to a number of factors, including
market acceptance of projects, investor acceptance of any business opportunity
we may acquire in the future, and investor sentiment. Financing, therefore, may
not be available on acceptable terms, if at all. The most likely source of
future funds presently available to us is through the sale of equity capital.
Any sale of share capital, however, will result in dilution to existing
shareholders. If we are unable to raise additional funds when required, we may
be forced to delay our plan of operation and our entire business may fail.

We currently do not generate revenues, and as a result, we
face a high risk of business failure.

We do not hold an interest in any business or revenue
generating property. From the date of our incorporation, we have primarily
focused on the location and acquisition of mineral and oil and gas properties.
We have not generated any revenues to date. In order to generate revenues, we
will incur substantial expenses in the location, acquisition and development of
a prospective property or the acquisition of a suitable business. We therefore
expect to incur significant losses into the foreseeable future. We recognize
that if we are unable to generate significant revenues from our activities, our
entire business may fail. There is no history upon which to base any assumption
as to the likelihood that we will be successful in our plan of operation, and we
can provide no assurance to investors that we will generate any operating
revenues or achieve profitable operations.

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- 9 -

The worldwide macroeconomic downturn may reduce the ability
of our company to obtain the financing necessary to continue our business and
may reduce the number of viable businesses that we may wish to acquire.

In 2008 and 2009, there has been a downturn in general
worldwide economic conditions due to many factors, including the effects of the
subprime lending and general credit market crises, volatile but generally
declining energy costs, slower economic activity, decreased consumer confidence
and commodity prices, reduced corporate profits and capital spending, adverse
business conditions, increased unemployment and liquidity concerns. In addition,
these macroeconomic effects, including the resulting recession in various
countries and slowing of the global economy, will likely result in decreased
business opportunities as potential target companies face increased financial
hardship. Tightening credit and liquidity issues will also result in increased
difficulties for our company to raise capital for our continued operations and
to consummate a business opportunity with a viable business.

In our managements report on internal controls over
financial reporting, we identified a number of material weaknesses related to
our internal control over financial reporting and concluded that our internal
control over financial reporting and disclosure controls and procedures were
ineffective as of December 31, 2008. These material weaknesses remain
unremedied, which could continue to impact our ability to report results of
operations and financial condition accurately and in a timely manner.

We have identified a number of material weaknesses in our
internal control over financial reporting. Our management assessed the
effectiveness of our internal control over financial reporting and disclosure
controls and procedures as at June 30, 2009 pursuant to Section 404 of the
Sarbanes-Oxley Act of 2002 and the related SEC rules and concluded that our
internal control over financial reporting and disclosure controls and procedures
were not effective as at June 30, 2009. Specifically, they concluded that six
material weaknesses existed as at June 30, 2009 which are set out in Item 4
under the heading Controls and Procedures. Although we intend to remediate
such material weaknesses as set out in Item 4, we have not yet been able to
address these material weaknesses and they may continue to remain unremedied for
some time, which could adversely impact the accuracy and timeliness of future
reports and filings we make to the SEC and could have a material adverse effect
on our business, results of operations, financial condition and liquidity.

If we are unable to hire and retain key personnel, we may
not be able to implement our plan of operation and our business may
fail.

Our success will be largely dependent on our ability to hire
and retain highly qualified personnel. This is particularly true in the highly
technical businesses of mineral and oil and gas exploration. These individuals
may be in high demand and we may not be able to attract the staff we need. In
addition, we may not be able to afford the high salaries and fees demanded by
qualified personnel, or we may fail to retain such employees after they are
hired.

At present, we have not hired any key personnel. Our failure to
hire key personnel when needed will have a significant negative effect on our
business.

Our directors and sole officer are engaged in other business
activities and accordingly may not devote sufficient time to our business
affairs, which may affect our ability to conduct operations and generate
revenues.

Our two directors and sole officer are involved in other
business activities. Raymond Irvine, our president, secretary, treasurer and a
director, spends approximately 15 hours, or 33%, of his business time on the
management of our company and Howard Dahl, a director, spends approximately 10
hours, or 20%, of his business time on the management of our company. As a
result of their other business endeavors, Mr. Irvine and Mr. Dahl may not be
able to devote sufficient time to our business affairs, which may negatively
affect our ability to conduct our ongoing operations and our ability to generate
revenues. In addition, the management of our company may be periodically
interrupted or delayed as a result of Mr. Irvines or Mr. Dahls other business
interests.

Our common stock is illiquid and shareholders may be unable
to sell their shares.

There is currently no market for our common stock and we can
provide no assurance to investors that a market will develop. If a market for
our common stock does not develop, our shareholders may not be able to re-sell
the shares of our common stock that they have purchased and they may lose all of
their investment. Public announcements regarding our company, changes in
government regulations, conditions in our market segment or changes in earnings
estimates by

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- 10 -

analysts may cause the price of our common shares to fluctuate
substantially. In addition, stock prices for junior mining and oil and gas
companies fluctuate widely for reasons that may be unrelated to their operating
results. These fluctuations may adversely affect the trading price of our common
shares.

Penny stock rules will limit the ability of our stockholders
to sell their stock.

The Securities and Exchange Commission has adopted regulations
which generally define penny stock to be any equity security that has a market
price (as defined) less than $5.00 per share or an exercise price of less than
$5.00 per share, subject to certain exceptions. Our securities are covered by
the penny stock rules, which impose additional sales practice requirements on
broker-dealers who sell to persons other than established customers and
accredited investors. The term accredited investor refers generally to
institutions with assets in excess of $5,000,000 or individuals with a net worth
in excess of $1,000,000 or annual income exceeding $200,000 or $300,000 jointly
with their spouse. The penny stock rules require a broker-dealer, prior to a
transaction in a penny stock not otherwise exempt from the rules, to deliver a
standardized risk disclosure document in a form prepared by the Securities and
Exchange Commission which provides information about penny stocks and the nature
and level of risks in the penny stock market. The broker-dealer also must
provide the customer with current bid and offer quotations for the penny stock,
the compensation of the broker-dealer and its salesperson in the transaction and
monthly account statements showing the market value of each penny stock held in
the customers account. The bid and offer quotations, and the broker-dealer and
salesperson compensation information, must be given to the customer orally or in
writing prior to effecting the transaction and must be given to the customer in
writing before or with the customers confirmation. In addition, the penny stock
rules require that prior to a transaction in a penny stock not otherwise exempt
from these rules, the broker-dealer must make a special written determination
that the penny stock is a suitable investment for the purchaser and receive the
purchasers written agreement to the transaction. These disclosure requirements
may have the effect of reducing the level of trading activity in the secondary
market for the stock that is subject to these penny stock rules. Consequently,
these penny stock rules may affect the ability of broker-dealers to trade our
securities. We believe that the penny stock rules discourage investor interest
in and limit the marketability of our common stock.

The Financial Industry Regulatory Authority, or FINRA, has
adopted sales practice requirements which may also limit a shareholders ability
to buy and sell our stock.

In addition to the penny stock rules described above, FINRA
has adopted rules that require that in recommending an investment to a customer,
a broker-dealer must have reasonable grounds for believing that the investment
is suitable for that customer. Prior to recommending speculative low priced
securities to their non-institutional customers, broker-dealers must make
reasonable efforts to obtain information about the customers financial status,
tax status, investment objectives and other information. Under interpretations
of these rules, FINRA believes that there is a high probability that speculative
low priced securities will not be suitable for at least some customers. FINRA
requirements make it more difficult for broker-dealers to recommend that their
customers buy our common stock, which may limit your ability to buy and sell our
stock and have an adverse effect on the market for its shares.

Item 3. Quantitative and Qualitative Disclosures About
Market Risk.

Not Applicable

Item 4T. Controls and Procedures.

Disclosure Controls and Procedures

As required by paragraph (b) of Rules 13a-15 or 15d-15 under
the Exchange Act, our principal executive officer and principal financial
officer evaluated our companys disclosure controls and procedures (as defined
in Rules 13a-15(e) and 15d-15(e) of the Exchange Act) as of the end of the
period covered by this quarterly report on Form 10-Q. Based on this evaluation,
these officers concluded that as of the end of the period covered by this
quarterly report on Form 10-Q, these disclosure controls and procedures were not
effective to ensure that the information required to be disclosed by our company
in reports it files or submits under the Exchange Act is recorded, processed,
summarized and reported within the time periods specified in the rules and forms
of the Securities and Exchange Commission and include controls and procedures
designed to ensure that such information is accumulated and communicated to our
companys management, including our companys principal executive officer and
principal financial officer, to allow timely decisions regarding

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- 11 -

required disclosure. The conclusion that our disclosure
controls and procedures were not effective was due to the presence of the
following material weaknesses in internal control over financial reporting which
are indicative of many small companies with small staff: (i) inadequate
segregation of duties and effective risk assessment; (ii) insufficient written
policies and procedures for accounting and financial reporting with respect to
the requirements and application of both US GAAP and SEC guidelines; (iii)
inadequate security and restricted access to computer systems including
insufficient disaster recovery plans; (iv) no written whistle-blower policy; (v)
inadequate knowledge to address complex accounting and tax issues that may
arise; and (vi) risk to our company as a going concern in the event the sole
executive officer of our company is unable to fulfill this role due to death or
incapacitation. Management anticipates that such disclosure controls and
procedures will not be effective until the material weaknesses are remedied.

Our company plans to take steps to enhance and improve the
design of our internal controls over financial reporting. During the period
covered by this quarterly report on Form 10-Q, we have not been able to
remediate the material weaknesses identified above. To remediate such
weaknesses, we plan to implement the following changes during our fiscal year
ending December 31, 2009: (i) appoint additional qualified personnel to address
inadequate segregation of duties and ineffective risk management; (ii) adopt
sufficient written policies and procedures for accounting and financial
reporting and a whistle-blower policy; and (iii) implement sufficient security
and restricted access measures regarding our computer systems and implement a
disaster recovery plan. The remediation efforts set out in (i) and (iii) are
largely dependent upon our company securing additional financing to cover the
costs of implementing the changes required. If we are unsuccessful in securing
such funds, remediation efforts may be adversely effected in a material
manner.

Because of the inherent limitations in all control systems, no
evaluation of controls can provide absolute assurance that all control issues,
if any, within our company have been detected. These inherent limitations
include the realities that judgments in decision-making can be faulty and that
breakdowns can occur because of simple error or mistake.

Changes in Internal Control over Financial Reporting

There have been no changes in our internal controls over
financial reporting that occurred during the quarter ended June 30, 2009 that
have materially affected, or are reasonably likely to materially affect, our
internal controls over financial reporting.

PART II - OTHER INFORMATION

Item 1. Legal Proceedings.

We know of no material, active 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 any of our
directors, officers or affiliates, or any registered or beneficial shareholder,
is an adverse party or has a material interest adverse to our interest.

Item 2. Unregistered Sales of Equity Securities and Use of
Proceeds

None.

Item 3. Defaults Upon Senior Securities.

None.

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

None.

Item 5. Other Information

None.

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- 12 -

Item 6. Exhibits.

|Exhibit | Description                                                                                                                         
|------- | ------------------------------------------------------------------------------------------------------------------------------------
|Number  |                                                                                                                                     
|3.0     | (i) Articles of
      Incorporation; and (ii) Bylaws                                                                                
|3.1     | Articles of Incorporation (incorporated by
      reference from our Registration Statement on Form SB-2 filed on May 15,
      2007)
|3.2     | Bylaws (incorporated by
      reference from our Registration Statement on Form SB-2 filed on May 15,
      2007)                   
|(31)    | Rule 13a-14(a)/15d-14(a) Certifications                                                                                             
|31.1*   | Section 302 Certification under
      Sarbanes-Oxley Act of 2002 of Raymond Irvine                                                  
|(32)    | Section 1350 Certifications                                                                                                         
|32.1*   | Section 906 Certification under
      Sarbanes-Oxley Act of 2002                                                                    

* Filed herewith.

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SIGNATURES

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

TECKMINE INDUSTRIES, INC.

|/s/ Raymond
      Irvine                                                                          | 
|------------------------------------------------------------------------------------------------- | 
|Raymond Irvine                                                                                    | 
|President, Secretary, Treasurer and Director                                                      | 
|(Principal Executive Officer, Principal Financial Officer
      and Principal Accounting Officer) | 
|Dated: August 14, 2009                                                                            | 

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