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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 March 31, 2008

[   ]  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 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):

|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 [   ]

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2

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 May 9,
2008



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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 March 31, 2008 include all adjustments
necessary in order to ensure that the interim financial statements are not
misleading.

- 2 -

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Teckmine Industries, Inc. (An Exploration Stage Company)
March 31, 2008 (Unaudited)







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

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

|                                                       |  | March 31,   |   |  | December 31, |  
|------------------------------------------------------ |  | ----------- | - |  | ------------ | -
|                                                       |  | 2008        |   |  | 2007         |  
|                                                       |  | $           |   |  | $            |  
|                                                       |  | (unaudited) |   |  |              |  
|                                                       |  |             |   |  |              |  
|ASSETS                                                 |  |             |   |  |              |  
|                                                       |  |             |   |  |              |  
|Current Assets                                         |  |             |   |  |              |  
|                                                       |  |             |   |  |              |  
|Cash                                                   |  | 12,084      |   |  | 21,808       |  
|                                                       |  |             |   |  |              |  
|Total Assets                                           |  | 12,084      |   |  | 21,808       |  
|                                                       |  |             |   |  |              |  
|LIABILITIES AND STOCKHOLDERS EQUITY
      (DEFICIT)   |  |             |   |  |              |  
|                                                       |  |             |   |  |              |  
|Current Liabilities                                    |  |             |   |  |              |  
|                                                       |  |             |   |  |              |  
|Accounts payable                                       |  | 1,917       |   |  | 5,194        |  
|Accrued liabilities                                    |  | 11,710      |   |  | 4,597        |  
|Due to related parties (Note 4(b))                     |  | 67,800      |   |  | 67,800       |  
|                                                       |  |             |   |  |              |  
|Total Liabilities                                      |  | 81,427      |   |  | 77,591       |  
|                                                       |  |             |   |  |              |  
|Contingencies and Commitments (Note 1 and
      3)     |  |             |   |  |              |  
|                                                       |  |             |   |  |              |  
|Stockholders Equity (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 4(a))                            |  | 34,500      |   |  | 32,250       |  
|                                                       |  |             |   |  |              |  
|Deficit Accumulated During the Exploration
      Stage |  | (175,902    | ) |  | (160,092     | )
|                                                       |  |             |   |  |              |  
|Total Stockholders Equity (Deficit)                   |  | (69,343     | ) |  | (55,783      | )
|                                                       |  |             |   |  |              |  
|Total Liabilities and Stockholders Equity (Deficit)   |  | 12,084      |   |  | 21,808       |  

(The Accompanying Notes are an Integral Part of the Financial
Statements) F-1

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

|                                             |  | Accumulated from    |   |  | For the      |   |  | For the      |  
|-------------------------------------------- |  | ------------------- | - |  | ------------ | - |  | ------------ | -
|                                             |  | May 19, 2004        |   |  | Three Months |   |  | Three Months |  
|                                             |  | (Date of Inception) |   |  | Ended        |   |  | Ended        |  
|                                             |  | to March 31,        |   |  | March 31,    |   |  | March 31,    |  
|                                             |  | 2008                |   |  | 2008         |   |  | 2007         |  
|                                             |  | $                   |   |  | $            |   |  | $            |  
|                                             |  |                     |   |  |              |   |  |              |  
|Revenue                                      |  |                    |   |  |             |   |  |             |  
|                                             |  |                     |   |  |              |   |  |              |  
|Expenses                                     |  |                     |   |  |              |   |  |              |  
|                                             |  |                     |   |  |              |   |  |              |  
|General and
      administrative (Note 4(a)) |  | 116,216             |   |  | 15,810       |   |  | 11,303       |  
|Impairment of mineral property
      costs   |  | 55,000              |   |  |             |   |  |             |  
|Mineral property costs                       |  | 4,686               |   |  |             |   |  |             |  
|                                             |  |                     |   |  |              |   |  |              |  
|Total Expenses                               |  | 175,902             |   |  | 15,810       |   |  | 11,303       |  
|                                             |  |                     |   |  |              |   |  |              |  
|Net Loss                                     |  | (175,902            | ) |  | (15,810      | ) |  | (11,303      | )
|                                             |  |                     |   |  |              |   |  |              |  
|                                             |  |                     |   |  |              |   |  |              |  
|Net Loss Per Share
       Basic and Diluted |  |                     |   |  |             |   |  |             |  
|                                             |  |                     |   |  |              |   |  |              |  
|                                             |  |                     |   |  |              |   |  |              |  
|Weighted Average Shares Outstanding          |  |                     |   |  | 19,506,304   |   |  | 19,506,304   |  

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

F-2

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

|                                                                             |  | For the      |   |  | For the      |  
|---------------------------------------------------------------------------- |  | ------------ | - |  | ------------ | -
|                                                                             |  | Three Months |   |  | Three Months |  
|                                                                             |  | Ended        |   |  | Ended        |  
|                                                                             |  | March 31,    |   |  | March 31,    |  
|                                                                             |  | 2008         |   |  | 2007         |  
|                                                                             |  | $            |   |  | $            |  
|                                                                             |  |              |   |  |              |  
|Operating Activities                                                         |  |              |   |  |              |  
|                                                                             |  |              |   |  |              |  
|Net loss for the period                                                      |  | (15,810      | ) |  | (11,303      | )
|                                                                             |  |              |   |  |              |  
|Adjustment to reconcile net
      loss to cash used in operating activities: |  |              |   |  |              |  
|Donated
      services and rent                                              |  | 2,250        |   |  | 2,250        |  
|                                                                             |  |              |   |  |              |  
|Changes in operating assets
      and liabilities:                           |  |              |   |  |              |  
|Prepaid
      expenses                                                       |  |             |   |  | 154          |  
|Accounts
      payable                                                       |  | (3,277       | ) |  |             |  
|Accrued liabilities                                                          |  | 7,113        |   |  | 4,270        |  
|                                                                             |  |              |   |  |              |  
|Net Cash Used in Operating Activities                                        |  | (9,724       | ) |  | (4,629       | )
|                                                                             |  |              |   |  |              |  
|Financing Activities                                                         |  |              |   |  |              |  
|                                                                             |  |              |   |  |              |  
|Proceeds from issuance of common stock                                       |  |             |   |  | 130          |  
|                                                                             |  |              |   |  |              |  
|Net Cash Flows Provided by Financing Activities                              |  |             |   |  | 130          |  
|                                                                             |  |              |   |  |              |  
|Increase (Decrease) In Cash                                                  |  | (9,724       | ) |  | (4,499       | )
|                                                                             |  |              |   |  |              |  
|Cash  Beginning of Period                                                   |  | 21,808       |   |  | 27,999       |  
|                                                                             |  |              |   |  |              |  
|Cash  End of Period                                                         |  | 12,084       |   |  | 23,500       |  
|                                                                             |  |              |   |  |              |  
|Supplemental Disclosures                                                     |  |              |   |  |              |  
|                                                                             |  |              |   |  |              |  
|Interest paid                                                                |  |             |   |  |             |  
|Income taxes paid                                                            |  |             |   |  |             |  

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

F-3

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Teckmine Industries, Inc. (An Exploration Stage Company)
Notes to the 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 has not presently determined
      whether its properties contain mineral reserves that are economically
      recoverable.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|   | 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 March 31, 2008, the Company has a working capital deficiency of
      $69,343, has not generated any revenue, and has accumulated losses of
      $175,902 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 $365,000. 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)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|   | (b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|   | (c)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|   | (d)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           

F-4

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

|2. | Summary of Significant Accounting Policies
    (continued)
|-- | ----------------------------------------------------------
|   |                                                           
|   | (e)                                                       
|   |                                                           
|   |                                                           
|   |                                                           
|   | (f)                                                       
|   |                                                           
|   |                                                           
|   |                                                           
|   | (g)                                                       
|   |                                                           
|   |                                                           
|   |                                                           
|   | (h)                                                       
|   |                                                           
|   |                                                           
|   |                                                           
|   | (i)                                                       
|   |                                                           
|   |                                                           
|   |                                                           
|   | (j)                                                       
|   |                                                           
|   |                                                           

F-5

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

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

F-6

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

|2. | Summary of Significant Accounting Policies
    (continued)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|-- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|   | (m)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|3. | Mineral Property                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|   | The Company entered into an agreement dated November 10,
      2004 whereby the Company was granted an option in consideration for
      $22,500 (paid) to acquire a 50% interest in a mineral property located in
      British Columbia, Canada. The Company may exercise the option by incurring
      a minimum of $250,000 of exploration expenditures on the property prior to
      May 10, 2006. In fiscal 2006, the Company negotiated to extend the terms
      of the agreement by a further 12 months by paying an additional $10,000.
      On May 9, 2007, the Company extended the terms of the mineral property
      option agreement a further 18 month extension to November 9, 2008 by
      paying an additional $22,500. As at December 31, 2007, the Company
      recognized an impairment of $22,500 (2006 - $10,000) as it had not yet
      been determined whether there are proven or probable reserves on the
      property
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|4. | Related Party Transactions                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|   | (a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|   | (b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       

F-7

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

FORWARD-LOOKING STATEMENTS

This
quarterly report contains forward-looking statements as that term is defined in
section 27A of the United States Securities Act of 1933 and section 21E of the
United States Securities Exchange Act of 1934. These statements relate to future
events or our future financial performance. In some cases, you can identify
forward-looking statements by terminology such as "may", "should", "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", that may cause our or our industry's actual results, levels of
activity, performance or achievements to be materially different from any future
results, levels of activity, performance or achievements expressed or implied by
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, performance
or achievements. 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.

Our
unaudited financial statements are stated in United States dollars and are
prepared in accordance with United States generally accepted accounting
principles. The following discussion should be read in conjunction with our
financial statements and the related notes that appear elsewhere in this
quarterly report. The following discussion contains forward-looking statements
that reflect our plans, estimates and beliefs. Our actual results could differ
materially from those discussed in the forward looking statements. Factors that
could cause or contribute to such differences include those discussed in this
quarterly report, particularly in the section entitled "Risk Factors". In this
quarterly 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 quarterly report, the terms "we", "us", "our" and "Teckmine" mean
Teckmine Industries, Inc., unless otherwise indicated.

Overview

We
are an exploration stage company engaged in the acquisition, and exploration of
mineral resource properties. On November 10, 2004, we entered into an option
agreement with Goldbridge Resources Ltd. giving us the right to acquire a 50%
interest in the Pioneer Extension Property. Prior to the lapse of the November
10, 2004 agreement, we entered into a subsequent option agreement dated May 9,
2007 on substantially the same terms as the previous agreement. The Pioneer
Extension Property is located in south-western British Columbia, approximately
165 kilometers north-northeast of the city of Vancouver, British Columbia in an
area known as the Lillooet Mining Division. We have not found any mineral
deposits on the Pioneer Extension Property and we can make no assurances
relating to whether any mineral deposits will be found. We intend to explore the
Pioneer Extension Property for any commercially exploitable mineral deposits and
to exploit any mineral deposits we discover or sell or otherwise assign the
rights to a third party.

Mineral
property exploration is typically conducted in phases. Each subsequent phase of
exploration work is recommended by a geologist based on the results from the
most recent phase of exploration. We have not yet commenced the initial phase of
exploration on the Pioneer Extension Property. Once we complete each phase of
exploration, we will make a decision as to whether or not we proceed with each
successive phase based upon the analysis of the results of that program. Our
board of directors will make these decisions based upon the recommendations of
the independent geologist who will oversee the program and record the results.

Our
principal executive offices are located at Suite 239  280 Nelson Street,
Vancouver, British Columbia, Canada V6B 2E2. Our telephone number is 778-737-0389.

- 4 -

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Results of Operations

Our
plan of operation is to conduct an exploration program on the Pioneer Extension
Property in order to ascertain whether it possesses commercially exploitable
quantities of mineral deposits. Even if we complete our proposed exploration
programs on the Pioneer Extension Property and we are successful in discovering
mineral deposits, we may not find enough to pay our expenses or achieve
profitable operations.

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

During
  the three months ended March 31, 2008, we incurred expenses of $15,810 compared
  to $11,303 during the three months ended March 31, 2007. We have not generated
  any revenue since our inception.

As
of March 31, 2008, our company had cash of $12,084 and a working capital deficit
of $69,343. We estimate our operating expenses and working capital requirements
for the next twelve period to be as follows:

Estimated Expenses For the Next Twelve Month PeriodExploration Costs
    $
    246,000Employee and Consultant
      Compensation
    $
    45,000Professional Fees
    $
    50,000General and
      Administrative Expenses
    $
    24,000Total
    $
    365,000


Exploration Costs

We
anticipate implementing a program of exploration within the next twelve months.
We anticipate that our program of exploration will consist of two stages and
will cost approximately $246,000. We anticipate that Stage 1 of our program of
exploration will consist of: planning, consultation and implementation of our
program of exploration, line cutting, seismic profiling, an orientation survey,
a geophysical survey and the drafting of a report that will outline our
findings. We anticipate that Stage II of our program of exploration will consist
of the planning, consultation and implementation of our program of exploration,
a geophysical a orientation survey, a geochemical survey, an anomaly
investigation and the drafting of a report that will outline our findings.

Estimated Costs of our Program of Exploration

Stage I
      CostThe planning, consultation and implementation of our
      program of exploration
    $10,000Line cutting
    $15,000Seismic profiling
    $15,000Orientation survey
    $6,000Geophysical survey
    $70,000Report
    $5,000Total
    $121,000Stage II


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The planning, consultation and implementation of our
      program of exploration
    $10,000Geophysical
      orientation survey
    $5,000Geochemical survey
    $50,000Anomaly
      investigations
    $50,000Report
    $10,000Total
    $125,000


Employee and Consultant Compensation

Given the early stage of our development and exploration
properties, we intend to continue to outsource our professional and personnel
requirements by retaining consultants on an as needed basis. We estimate that
our consultant and related professional compensation expenses for the next
twelve month period will be approximately $45,000.

Professional Fees

We incur on-going legal, accounting and audit fees necessary to
comply with our reporting responsibilities as a public company with a class of
securities registered under the Securities Exchange Act of 1934. We estimate
that such expenses for the next twelve month period will be $50,000.

General and Administrative Expenses

We anticipate spending $24,000 on general and administrative
  costs in the next twelve month period. These costs primarily consist of expenses
  such as office supplies, filing fees and transfer agent fees following the appointment
  of our transfer agent.

Liquidity and Capital Resources

We
had cash of $12,084 as of March 31, 2008 compared to cash of $21,808 as of
December 31, 2007. We had a working capital deficit of $69,343 as of March 31,
2008 compared to working capital deficit of $55,783 as of December 31, 2007. 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 $365,000 over the next twelve month period to fund our plan of
operations and at least $69,343 to eliminate our working capital deficiency. Our
company plans to raise the capital required to satisfy our immediate short-term
needs and additional capital required to meet our estimated funding 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.

Operating Activities

Operating
activities used cash of $9,724 during the three months ended March 31, 2008 as
compared to $4,629 during the three months ended March 31, 2007.

Financing Activities

Financing
activities provided cash of $Nil during the three months ended March 31, 2008 as
compared to $130 during the three months ended March 31, 2007. Cash provided
from financing activities during the three months ended March 31, 2007 resulted
from the issuance of common shares.

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Investing Activities

Investing
activities provided cash of $Nil during the three months ended March 31, 2007
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, successful exploration of our property interests, the identification
of reserves sufficient enough to warrant development, successful development of
our property interests and, finally, 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 period
ended December 31, 2007, 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.

Mineral Property Costs

We
have been in the exploration stage since our formation on May 19, 2004 and have
not yet realized any revenues from our planned operations. We are primarily
engaged in the acquisition and exploration of mining properties. Mineral
property exploration costs are expensed as incurred. Mineral property
acquisition costs are initially capitalized when incurred using the guidance in
EITF 04-02, "Whether Mineral Rights Are Tangible or Intangible Assets". Our
company assesses the carrying costs for impairment under SFAS No.144,
"Accounting for Impairment or Disposal of Long Lived Assets" at each fiscal
quarter end. When it has been determined that a mineral property can be
economically developed as a result of establishing proven and probable reserves,
the costs then incurred to develop such property, are capitalized. Such costs
will be amortized using the units-of-production method over the estimated life
of the probable reserve. If mineral properties are subsequently abandoned or
impaired, any capitalized costs will be charged to operations.

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.

Recent Accounting Pronouncements

In
March 2008, the Financial Accounting Standards Board ("FASB") issued SFAS No.
161, "Disclosures about Derivative Instruments and Hedging Activities  an
amendment to FASB Statement No. 133". SFAS No. 161 is intended to improve
financial standards for derivative instruments and hedging activities by
requiring enhanced disclosures to enable investors to better understand their
effects on an entity's financial position, financial performance, and cash
flows. Entities are required to provide enhanced disclosures about: (a) how and
why an entity uses derivative instruments; (b) how derivative instruments and
related hedged items are accounted for under Statement 133 and its related
interpretations; and (c) how derivative instruments and related hedged items
affect an entitys financial position, financial performance, and

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cash flows. It is effective for financial statements issued for
fiscal years beginning after November 15, 2008, with early adoption encouraged.
Our company is currently evaluating the impact of SFAS No. 161 on our financial
statements, and 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. 141 (revised 2007), "Business
Combinations". This statement replaces SFAS No. 141 and defines the acquirer in
a business combination as the entity that obtains control of one or more
businesses in a business combination and establishes the acquisition date as the
date that the acquirer achieves control. SFAS No. 141 (revised 2007) requires an
acquirer to recognize the assets acquired, the liabilities assumed, and any
noncontrolling interest in the acquiree at the acquisition date, measured at
their fair values as of that date. SFAS No. 141 (revised 2007) also requires the
acquirer to recognize contingent consideration at the acquisition date, measured
at its fair value at that date. This statement is effective for fiscal years,
and interim periods within those fiscal years, beginning on or after December
15, 2008. Earlier adoption is prohibited. 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 Liabilities an Amendment of ARB No. 51". This
statement amends ARB 51 to establish accounting and reporting standards for the
Noncontrolling interest in a subsidiary and for the deconsolidation of a
subsidiary. This statement is effective for fiscal years, and interim periods
within those fiscal years, beginning on or after December 15, 2008. Earlier
adoption is prohibited. The adoption of this statement is not expected to have a
material effect on our company's financial statements.

In
February 2007, the FASB issued SFAS No. 159, "The Fair Value Option for
Financial Assets and Financial Liabilities  Including an Amendment of FASB
Statement No. 115". This statement permits entities to choose to measure many
financial instruments and certain other items at fair value. Most of the
provisions of SFAS No. 159 apply only to entities that elect the fair value
option. However, the amendment to SFAS No. 115 "Accounting for Certain
Investments in Debt and Equity Securities" applies to all entities with
available-for-sale and trading securities. SFAS No. 159 is effective as of the
beginning of an entity's first fiscal year that begins after November 15, 2007.
Early adoption is permitted as of the beginning of a fiscal year that begins on
or before November 15, 2007, provided the entity also elects to apply the
provision of SFAS No. 157, "Fair Value Measurements". The adoption of this
statement did not have a material effect on our company's financial statements.

In
  September 2006, the FASB issued SFAS No. 157, "Fair Value Measurements". The
  objective of SFAS No. 157 is to increase consistency and comparability in fair
  value measurements and to expand disclosures about fair value measurements.
  SFAS No. 157 defines fair value, establishes a framework for measuring fair
  value in generally accepted accounting principles, and expands disclosures about
  fair value measurements. SFAS No. 157 applies under other accounting pronouncements
  that require or permit fair value measurements and does not require any new
  fair value measurements. The provisions of SFAS No. 157 are effective for fair
  value measurements made in fiscal years beginning after November 15, 2007. The
  adoption of this statement did not have a material effect on our company's financial
  statements.

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.

Risks Related to our Business

Because of the unique difficulties and uncertainties
inherent in mineral exploration ventures, we face a high risk of business
failure.

Potential
investors should be aware of the difficulties normally encountered by new
mineral exploration companies and the high rate of failure of such enterprises.
The likelihood of success must be considered in light of the problems, expenses,
difficulties, complications and delays encountered in connection with the
exploration program that we

- 8 -

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intend to undertake on the Pioneer Extension Property and any
additional properties that we may acquire. These potential problems include
unanticipated problems relating to exploration, and additional costs and
expenses that may exceed current estimates. The expenditures to be made by us in
the exploration of the Pioneer Extension Property may not result in the
discovery of mineral deposits. Any expenditures that we may make in the
exploration of any other mineral property that we may acquire may not result in
the discovery of any commercially exploitable mineral deposits. Problems such as
unusual or unexpected geological formations and other conditions are involved in
all mineral exploration and often result in unsuccessful exploration efforts. If
the results of our exploration do not reveal viable commercial mineralization,
we may decide to abandon our interests in the Pioneer Extension Property. If
this happens, our business will likely fail.

Because of the speculative nature of the exploration of
mineral properties, there is no assurance that our exploration activities will
result in the discovery of any quantities of mineral deposits on the Pioneer
Extension Property or any other additional properties we may acquire.

We
intend to continue exploration on the Pioneer Extension Property and we may or
may not acquire additional interests in other mineral properties. The search for
mineral deposits as a business is extremely risky. We can provide investors with
no assurance that exploration on the Pioneer Extension Property, or any other
property that we may acquire, will establish that any commercially exploitable
quantities of mineral deposits exist. Additional potential problems may prevent
us from discovering any mineral deposits. These potential problems include
unanticipated problems relating to exploration and additional costs and expenses
that may exceed current estimates. If we are unable to establish the presence of
mineral deposits on the Pioneer Extension Property, our ability to fund future
exploration activities will be impeded, we will not be able to operate
profitably and investors may lose all of their investment in our company.

Because of the inherent dangers involved in mineral
exploration and exploitation, there is a risk that we may incur liability or
damages as we conduct our business.

The
search for mineral deposits involves numerous hazards. As a result, we may
become subject to liability for such hazards, including pollution, cave-ins and
other hazards against which we cannot insure or against which we may elect not
to insure. At the present time we have no coverage to insure against these
hazards. The payment of such liabilities may have a material adverse effect on
our financial position.

The potential profitability of mineral ventures depends in
part upon factors beyond the control of our company and even if we discover and
exploit mineral deposits, we may never become commercially viable and we may be
forced to cease operations.

The
commercial feasibility of an exploration program on a mineral property is
dependent upon many factors beyond our control, including the existence and size
of mineral deposits in the properties we explore, the proximity and capacity of
processing equipment, market fluctuations of prices, taxes, royalties, land
tenure, allowable production and environmental regulation. These factors cannot
be accurately predicted and any one or a combination of these factors may result
in our company not receiving an adequate return on invested capital. These
factors may have material and negative effects on our financial performance and
our ability to continue operations.

Exploration and exploitation activities are subject to
comprehensive regulation which may cause substantial delays or require capital
outlays in excess of those anticipated causing an adverse effect on our
company.

Exploration
and exploitation activities are subject to federal, provincial, and local laws,
regulations and policies, including laws regulating the removal of natural
resources from the ground and the discharge of materials into the environment.
Exploration and exploitation activities are also subject to federal, provincial,
and local laws and regulations which seek to maintain health and safety
standards by regulating the design and use of drilling methods and
equipment.

Environmental
and other legal standards imposed by federal, provincial, or local authorities
may be changed and any such changes may prevent us from conducting planned
activities or increase our costs of doing so, which would have material adverse
effects on our business. Moreover, compliance with such laws may cause
substantial delays or require capital outlays in excess of those anticipated,
thus causing an adverse effect on us. Additionally, we may be subject to
liability for pollution or other environmental damages that we may not be able
to or elect not to insure against due to prohibitive premium costs and other
reasons. Any laws, regulations or policies of any government body or regulatory

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agency may be changed, applied or interpreted in a manner which
will alter and negatively affect our ability to carry on our business.

Because the Pioneer Extension Property may not contain
mineral deposits and because we have never made a profit from our operations,
our securities are highly speculative and investors may lose all of their
investment in our company.

Our
securities must be considered highly speculative, generally because of the
nature of our business and our early stage of operations. We currently only have
an interest in the Pioneer Extension Property. The Pioneer Extension Property is
in the exploration stage only and may not contain mineral deposits. We may or
may not acquire additional interests in other mineral properties but we do not
have plans to acquire rights in any specific mineral properties as of the date
of this report. Accordingly, we have not generated any revenues nor have we
realized a profit from our operations to date and there is little likelihood
that we will generate any revenues or realize any profits in the short term. Any
profitability in the future from our business will be dependent upon locating
and exploiting mineral deposits on the Pioneer Extension Property or mineral
deposits on any additional properties that we may acquire. The likelihood of any
mineral properties that we may acquire or have an interest in, including the
Pioneer Extension Property, containing commercially exploitable mineral deposits
is extremely remote. In all probability, any mineral properties that we may
acquire or that we have an interest in, including the Pioneer Extension
Property, do not contain any commercially exploitable mineral deposits and any
funds that we spend on exploration will be lost. We may never discover mineral
deposits in the Pioneer Extension Property or any other area, or we may do so
and still not be commercially successful if we are unable to exploit those
mineral deposits profitably. We may not be able to operate profitably and may
have to cease operations, the price of our securities may decline and investors
may lose all of their investment in our company.

As we face intense competition in the mineral exploration
and exploitation industry, we will have to compete with our competitors for
financing and for qualified managerial and technical employees.

The
Pioneer Extension Property is located in southwestern British Columbia,
approximately 165 km north-northeast of Vancouver, situated in an area known as
the Lillooet Mining Division. Our competition in this area includes large
established mining companies with substantial capabilities and with greater
financial and technical resources than we have. As a result of this competition,
we may have to compete for financing and be unable to acquire financing on terms
we consider acceptable. We may also have to compete with the other mining
companies in the region for the recruitment and retention of qualified
managerial and technical employees. If we are unable to successfully compete for
financing or for qualified employees, our exploration programs may be slowed
down or suspended, which may cause us to cease operations as a company.

Weather interruptions in the Lillooet Mining Division may
delay or prevent exploration on the Pioneer Extension Property.

Our
proposed exploration work can be performed approximately only six months a year.
This is because of extreme winter conditions which exist in the Lillooet Mining
Division between the months of November and April, which may delay or prevent
exploration on the Pioneer Extension Property.

We have a history of losses and have a deficit, which raises
substantial doubt about our ability to continue as a going concern.

We
have not generated any revenues since our date of inception and we will continue
to incur operating expenses without revenues until we engage in commercial
operations. Our net loss for the three month period ended March 31, 2008 was
$15,810 and was $90,966 for the year ended December 31, 2007. We had cash in the
amount of $12,084 as at March 31, 2008 and $21,808 as at December 31, 2007. We
currently do not have any operations and we have no income. We estimate our
average monthly operating expenses to be approximately $30,500 each month. We
cannot provide assurances that we will be able to successfully explore and
develop our business. These circumstances raise substantial doubt about our
ability to continue as a going concern as described in an explanatory paragraph
to our independent auditors' report on our audited financial statements, dated
March 27, 2008. If we are unable to continue as a going concern, investors will
likely lose all of their investments in our company.

Our future is dependent upon our ability to obtain financing
and if we do not obtain such financing, we may have to cease our exploration
activities and investors could lose their entire investment.

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There
is no assurance that we will operate profitably or will generate positive cash
flow in the future. We will require additional financing in order to proceed
beyond the first few months of our exploration program. We will also require
additional financing for the fees we must pay to maintain our status in relation
to the rights to our properties and to pay the fees and expenses necessary to
become and operate as a public company. We will also need more funds if the
costs of the exploration of our mineral claims are greater than we have
anticipated. We will require additional financing to sustain our business
operations if we are not successful in earning revenues. We will also need
further financing if we decide to obtain additional mineral properties. We
currently do not have any arrangements for further financing and we may not be
able to obtain financing when required. Our future is dependent upon our ability
to obtain financing. If we do not obtain such financing, our business could fail
and investors could lose their entire investment.

Because we may never earn revenues from our operations, our
business may fail.

Prior
to the completion of our exploration stage, we anticipate that we will incur
increased operating expenses without realizing any revenues. We therefore expect
to incur significant losses into the foreseeable future. We recognize that if we
are unable to generate significant revenues from our exploration for mineral
deposits, we will not be able to earn profits or continue operations. There is
no history upon which to base any assumption as to the likelihood that we will
prove successful, and we can provide no assurance that we will generate any
revenues or ever achieve profitability. If we are unsuccessful in addressing
these risks, our business will fail and investors may lose all of their
investment in our company.

We have a limited operating history and if we are not
successful in operating our business, then investors may lose all of their
investment in our company.

Our
company has a limited operating history and is in the exploration stage. The
success of our company is significantly dependent on the uncertain events of the
discovery and exploitation of mineral deposits on the Pioneer Extension
Property. If our business plan is not successful and we are not able to operate
profitably, then our stock may become worthless and investors may lose all of
their investment in our company.

Because our directors, executive officers, and principal
shareholders control a large percentage of our common stock, such insiders have
the ability to influence matters affecting our shareholders.

Our
  directors and executive officers, in the aggregate, beneficially own 59.7% of
  the issued and outstanding shares of our common stock. As a result, they have
  the ability to influence matters affecting our shareholders, including the election
  of our directors, the acquisition or disposition of our assets, and the future
  issuance of our shares. Because our officers, directors and principal shareholders
  control such shares, investors may find it difficult to replace our management
  if they disagree with the way our business is being operated. Because the influence
  by these insiders could result in management making decisions that are in the
  best interest of those insiders and not in the best interest of the investors,
  you may lose some or all of the value of your investment in our common stock.

All of our assets and all of our directors and officers are
outside the United States, with the result that it may be difficult for
investors to enforce within the United States any judgments obtained against us
or any of our directors or officers.

All
of our assets are located outside the United States and we do not currently
maintain a permanent place of business within the United States. In addition,
all of our directors and officers are nationals and/or residents of countries
other than the United States, and all or a substantial portion of such persons'
assets are located outside the United States. As a result, it may be difficult
for investors to enforce within the United States any judgments obtained against
us or our officers or directors, including judgments predicated upon the civil
liability provisions of the securities laws of the United States or any state
thereof. Consequently, you may be effectively prevented from pursuing remedies
under U.S. federal securities laws against them.

Our directors and officers 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 officers 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

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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.

Risks Associated with our Common Stock

There is no active trading market for our common stock and
if a market for our common stock does not develop, our investors will be unable
to sell their shares.

There
is currently no active trading market for our common stock and such a market may
not develop or be sustained. We currently plan to have our common stock quoted
on the National Association of Securities Dealers Inc.'s Over-the-Counter
Bulletin Board. In order to do this, a market maker must file a Form 15c-211 to
allow the market maker to make a market in our shares of common stock. At the
date hereof, we are not aware that any market maker has any such intention. We
cannot provide our investors with any assurance that our common stock will be
traded on the Over-the-Counter Bulletin Board or a listing service or stock
exchange, if traded, that a public market will materialize. Further, the
Over-the-Counter Bulletin Board is not a listing service or exchange, but is
instead a dealer quotation service for subscribing members. If our common stock
is not quoted on the Over-the-Counter Bulletin Board or if a public market for
our common stock does not develop, then investors may not be able to resell the
shares of our common stock that they have purchased and may lose all of their
investment. If we do establish a trading market for our common stock, the market
price of our common stock may be significantly affected by factors such as
actual or anticipated fluctuations in our operation results, general market
conditions and other factors. In addition, the stock market has from time to
time experienced significant price and volume fluctuations that have
particularly affected the market prices for the shares of developmental stage
companies, which may materially adversely affect the market price of our common
stock.

We do not intend to pay dividends on any investment in the
shares of stock of our company.

We
have never paid any cash dividends and currently do not intend to ever pay any
cash dividends. To the extent that we require additional funding currently not
provided for in our financing plan, our funding sources may prohibit the payment
of a dividend. Because we do not intend to declare dividends, any gain on an
investment in our company will need to come through an increase in the stock's
price. This may never happen and investors may lose all of their investment in
our company.

Our stock is a penny stock. Trading of our stock may be
restricted by the Securities and Exchange Commission's penny stock regulations,
which may limit a shareholder's ability to buy and sell our stock.

Our
stock is a penny stock. The Securities and Exchange Commission has adopted Rule
15g-9 which generally defines "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.

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The Financial Industry Regulatory Authority, or FINRA, has
adopted sales practice requirements which may also limit a stockholder'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 our shares.

Item 3. Quantitative and Qualitative Disclosures About
Market Risk.

Not
Applicable

Item 4T. Controls and Procedures.

We
maintain disclosure controls and procedures that are designed to ensure that
information required to be disclosed in our reports filed under the Securities
Exchange Act of 1934, as amended, is recorded, processed, summarized and
reported within the time periods specified in the Securities and Exchange
Commission's rules and forms, and that such information is accumulated and
communicated to our management, including our president (who is acting as our
chief executive officer and chief financial officer) to allow for timely
decisions regarding required disclosure. In designing and evaluating our
disclosure controls and procedures, our management recognizes that any controls
and procedures, no matter how well designed and operated, can provide only
reasonable assurance of achieving the desired control objectives, and our
management is required to apply its judgment in evaluating the cost-benefit
relationship of possible controls and procedures.

As
of March 31, 2008, the end of the three month period year covered by this
report, we carried out an evaluation, under the supervision and with the
participation of our management, including our president (who is acting as our
chief executive officer and chief financial officer), of the effectiveness of
the design and operation of our disclosure controls and procedures. Based on the
foregoing, our president (who is acting as our chief executive officer and chief
financial officer) concluded that our disclosure controls and procedures were
effective as of the end of the period covered by this quarterly report.

There
have been no significant changes in our internal controls over financial
reporting that occurred during the quarter ended March 31, 2008 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.

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

None.

Item 5. Other Information

None.

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)                                                                                                    
|        |                                                                                                                                                                                                                          
|10.0    | Material
        Contracts                                                                                                                                                                                               
|        |                                                                                                                                                                                                                          
|10.1    | Option Agreement
        dated May 9, 2007 between Teckmine Industries, Inc. and Goldbridge Resources
        Ltd. (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 IrvineBy:
Raymond Irvine President, Secretary, Treasurer and Director (Principal
Executive Officer, Principal Financial Officer and Principal Accounting Officer)

  Dated: May 19, 2008

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