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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, 2009

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

Commission file number 000-52745

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

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

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

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

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

Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the Securities
Exchange Act of 1934 during the preceding 12 months (or for such shorter period
that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days.

Yes [X]    No [   ]

Indicate by check mark whether the registrant has submitted
electronically and posted on its corporate Web site, if any, every
Interactive Data File required to be submitted and posted pursuant to Rule 405
of Regulation S-T (§232.405 of this chapter) during the preceding 12 months
(or for such shorter period that the registrant was required to submit and
post such files).

Yes [   ]   No [   ](Not
currently applicable to the Registrant).

Indicate by check mark whether the registrant is a large
accelerated filer, an accelerated filer, a non-accelerated filer, or a
smaller reporting company. See definitions of large accelerated filer,
accelerated filer, and smaller reporting company in Rule 12b-2 of the
Exchange Act. (Check one):

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- 2 -

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

Indicate by check mark whether the registrant is a shell company
(as defined in Rule 12b-2 of the Exchange Act).

Yes [X]    No [   ]

APPLICABLE ONLY TO CORPORATE ISSUERS

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

19,506,304 common shares issued and outstanding as of May 7,
2009.

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- 3 -

PART I - FINANCIAL INFORMATION

Item 1. Financial Statements.

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

It is the opinion of management that the interim financial
statements for the quarter ended March 31, 2009 include all adjustments
necessary in order to ensure that the interim financial statements are not
misleading.

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Teckmine Industries, Inc. (An Exploration Stage Company)
March 31, 2009







|                                        | 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, |  
|------------------------------------------------------ |  | ----------- | - |  | ------------ | -
|                                                       |  | 2009        |   |  | 2008         |  
|                                                       |  | $           |   |  | $            |  
|                                                       |  | (unaudited) |   |  |              |  
|ASSETS                                                 |  |             |   |  |              |  
|                                                       |  |             |   |  |              |  
|Current Assets                                         |  |             |   |  |              |  
|                                                       |  |             |   |  |              |  
|Cash                                                   |  | 2,317       |   |  | 10,054       |  
|                                                       |  |             |   |  |              |  
|Total Assets                                           |  | 2,317       |   |  | 10,054       |  
|                                                       |  |             |   |  |              |  
|LIABILITIES AND STOCKHOLDERS DEFICIT                  |  |             |   |  |              |  
|                                                       |  |             |   |  |              |  
|Current Liabilities                                    |  |             |   |  |              |  
|                                                       |  |             |   |  |              |  
|Accounts payable                                       |  | 813         |   |  | 6,737        |  
|Accrued liabilities                                    |  | 5,292       |   |  | 103          |  
|Due to related parties (Note 3(b))                     |  | 96,658      |   |  | 88,325       |  
|                                                       |  |             |   |  |              |  
|Total Liabilities                                      |  | 102,763     |   |  | 95,165       |  
|                                                       |  |             |   |  |              |  
|Contingencies (Note 1)                                 |  |             |   |  |              |  
|                                                       |  |             |   |  |              |  
|Stockholders Deficit                                  |  |             |   |  |              |  
|                                                       |  |             |   |  |              |  
|Common Stock:                                          |  |             |   |  |              |  
|100,000,000 shares authorized, $0.001 par
      value; |  |             |   |  |              |  
|19,506,304 shares issued and
      outstanding         |  | 19,506      |   |  | 19,506       |  
|                                                       |  |             |   |  |              |  
|Additional Paid-in Capital                             |  | 52,553      |   |  | 52,553       |  
|                                                       |  |             |   |  |              |  
|Donated Capital (Note 3(a))                            |  | 43,500      |   |  | 41,250       |  
|                                                       |  |             |   |  |              |  
|Deficit Accumulated During the Exploration
      Stage |  | (216,005    | ) |  | (198,420     | )
|                                                       |  |             |   |  |              |  
|Total Stockholders Deficit                            |  | (100,446    | ) |  | (85,111      | )
|                                                       |  |             |   |  |              |  
|Total Liabilities and Stockholders Deficit            |  | 2,317       |   |  | 10,054       |  

(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,    |  
|                                             |  | 2009                |   |  | 2009         |   |  | 2008         |  
|                                             |  | $                   |   |  | $            |   |  | $            |  
|                                             |  |                     |   |  |              |   |  |              |  
|Revenue                                      |  |                    |   |  |             |   |  |             |  
|                                             |  |                     |   |  |              |   |  |              |  
|Expenses                                     |  |                     |   |  |              |   |  |              |  
|                                             |  |                     |   |  |              |   |  |              |  
|General and administrative
      (Note 3(a)) |  | 156,319             |   |  | 17,585       |   |  | 15,810       |  
|Impairment of mineral property costs         |  | 55,000              |   |  |             |   |  |             |  
|Mineral property costs                       |  | 4,686               |   |  |             |   |  |             |  
|                                             |  |                     |   |  |              |   |  |              |  
|Total Expenses                               |  | 216,005             |   |  | 17,585       |   |  | 15,810       |  
|                                             |  |                     |   |  |              |   |  |              |  
|Net Loss                                     |  | (216,005            | ) |  | (17,585      | ) |  | (15,810      | )
|                                             |  |                     |   |  |              |   |  |              |  
|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)

|                                                       |  | 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,    |  
|                                                       |  | 2009                |   |  | 2009         |   |  | 2008         |  
|                                                       |  | $                   |   |  | $            |   |  | $            |  
|Operating Activities                                   |  |                     |   |  |              |   |  |              |  
|                                                       |  |                     |   |  |              |   |  |              |  
|Net loss for the period                                |  | (216,005            | ) |  | (17,585      | ) |  | (15,810      | )
|                                                       |  |                     |   |  |              |   |  |              |  
|Adjustment to reconcile net
      loss to cash used in |  |                     |   |  |              |   |  |              |  
|operating activities:                                  |  |                     |   |  |              |   |  |              |  
|Donated
      services and expenses                    |  | 43,500              |   |  | 2,250        |   |  | 2,250        |  
|Impairment of mineral
      property costs             |  | 55,000              |   |  |             |   |  |             |  
|                                                       |  |                     |   |  |              |   |  |              |  
|Changes in operating assets and liabilities:           |  |                     |   |  |              |   |  |              |  
|Accounts
      payable                                 |  | 813                 |   |  | (5,924       | ) |  | (3,277       | )
|Accrued liabilities                                    |  | 5,292               |   |  | 5,189        |   |  | 7,113        |  
|                                                       |  |                     |   |  |              |   |  |              |  
|Net Cash Used in
      Operating Activities            |  | (111,400            | ) |  | (16,070      | ) |  | (9,724       | )
|                                                       |  |                     |   |  |              |   |  |              |  
|Investing Activities                                   |  |                     |   |  |              |   |  |              |  
|                                                       |  |                     |   |  |              |   |  |              |  
|Mineral property costs                                 |  | (55,000             | ) |  |             |   |  |             |  
|                                                       |  |                     |   |  |              |   |  |              |  
|Net Cash Used in
      Investing Activities            |  | (55,000             | ) |  |             |   |  |             |  
|                                                       |  |                     |   |  |              |   |  |              |  
|Financing Activities                                   |  |                     |   |  |              |   |  |              |  
|                                                       |  |                     |   |  |              |   |  |              |  
|Proceeds from issuance of
      common stock           |  | 75,809              |   |  |             |   |  |             |  
|Share
      issuance costs                             |  | (3,750              | ) |  |             |   |  |             |  
|Advances from related parties                          |  | 96,658              |   |  | 8,333        |   |  |             |  
|                                                       |  |                     |   |  |              |   |  |              |  
|Net Cash Flows
      Provided by Financing Activities  |  | 168,717             |   |  | 8,333        |   |  |             |  
|                                                       |  |                     |   |  |              |   |  |              |  
|Increase (Decrease) In Cash                            |  | 2,317               |   |  | (7,737       | ) |  | (9,724       | )
|                                                       |  |                     |   |  |              |   |  |              |  
|Cash  Beginning
      of Period                       |  |                    |   |  | 10,054       |   |  | 21,808       |  
|                                                       |  |                     |   |  |              |   |  |              |  
|Cash  End of
      Period                             |  | 2,317               |   |  | 2,317        |   |  | 12,084       |  
|                                                       |  |                     |   |  |              |   |  |              |  
|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 does not currently have any
      mineral property interests.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|   | These financial statements have been prepared on a going
      concern basis, which implies the Company will continue to realize its
      assets and discharge its liabilities in the normal course of business. The
      Company has never generated revenues since inception and has never paid
      any dividends and is unlikely to pay dividends or generate earnings in the
      immediate or foreseeable future. The continuation of the Company as a
      going concern is dependent upon the continued financial support from its
      shareholders, the ability of the Company to obtain necessary equity
      financing to continue operations, confirmation of the Companys interests
      in the underlying properties, and the attainment of profitable operations.
      As at March 31, 2009, the Company has a working capital deficiency of
      $100,446, has not generated any revenue, and has accumulated losses of
      $216,005 since inception. These financial statements do not include any
      adjustments to the recoverability and classification of recorded asset
      amounts and classification of liabilities that might be necessary should
      the Company be unable to continue as a going concern. These factors raise
      substantial doubt regarding the Companys ability to continue as a going
      concern.
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|   | During the next twelve months, the Company estimates its
      operating and working capital requirements to be $79,000. The Company will
      require significant additional financings in order to pursue exploration
      activities. There is no assurance that the Company will be able to obtain
      the necessary financings to complete its objectives                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|2. | Summary of Significant Accounting Policies                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|   | (a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|   | (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)                                                       
|   |                                                           
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|   | (f)                                                       
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|   | (g)                                                       
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|   | (h)                                                       
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|   | (i)                                                       
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|   | (j)                                                       
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|   |                                                           
|   | (k)                                                       
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|   |                                                           

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)
|-- | ----------------------------------------------------------
|   |                                                           
|   | (l)                                                       
|   |                                                           
|   |                                                           
|   |                                                           
|   | (m)                                                       
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|   |                                                           

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. | Related Party Transactions                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|   | (a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|   | (b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|4. | Fair Value Measurements                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|   | SFAS 157 defines fair value as the price that would be
      received from selling an asset or paid to transfer a liability in an
      orderly transaction between market participants at the measurement date.
      In determining fair value for assets and liabilities required or permitted
      to be recorded at fair value, the Company considers the principal or most
      advantageous market in which it would transact and it considers
      assumptions that market participants would use when pricing the asset or
      liability.
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|   | Fair Value Hierarchy                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|   | SFAS 157 establishes a fair value hierarchy that requires
      an entity to maximize the use of observable inputs and minimize the use of
      unobservable inputs when measuring fair value. A financial instruments
      categorization within the fair value hierarchy is based upon the lowest
      level of input that is significant to the fair value measurement. SFAS 157
      establishes three levels of inputs that may be used to measure fair
      value:                                                                         
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|   | Level 1                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|   | Level 1 applies to assets and liabilities for which there
      are quoted prices in active markets for identical assets or liabilities.
      Valuations are based on quoted prices that are readily and regularly
      available in an active market and do not entail a significant degree of
      judgment.                                                                                                                                                                                                                                      
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|   | Level 2                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|   | Level 2 applies to assets and liabilities for which there
      are other than Level 1 observable inputs such as quoted prices for similar
      assets or liabilities in active markets, quoted prices for identical
      assets or liabilities in markets with insufficient volume or infrequent
      transactions (less active markets), or model-derived valuations in which
      significant inputs are observable or can be derived principally from, or
      corroborated by, observable market data.                                       

F-7

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

|4. | Fair Value Measurements (continued)                                                                                                                                                                                                                                                                                                           
|-- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                               
|   | Level 2 instruments require more management judgment and
      subjectivity as compared to Level 1 instruments. For instance:                                                                                                                                                                                                                 
|   |                                                                                                                                                                                                                                                                                                                                               
|   |                                                                                                                                                                                                                                                                                                                                               
|   |                                                                                                                                                                                                                                                                                                                                               
|   |                                                                                                                                                                                                                                                                                                                                               
|   |                                                                                                                                                                                                                                                                                                                                               
|   | Level 3                                                                                                                                                                                                                                                                                                                                       
|   |                                                                                                                                                                                                                                                                                                                                               
|   | Level 3 applies to assets and liabilities for which there
      are unobservable inputs to the valuation methodology that are significant
      to the measurement of the fair value of the assets or liabilities. The
      determination of fair value for Level 3 instruments requires the most
      management judgment and subjectivity.
|   |                                                                                                                                                                                                                                                                                                                                               
|   | The Company believes the fair value of its financial
      instruments consisting of cash, accounts payable, and due to related
      parties approximate their carrying values due to the relatively short
      maturity of these instruments.                                                                                              

F-8

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- 4 -

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

FORWARD-LOOKING STATEMENTS

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

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

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

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

Corporate History

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

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

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

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

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

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

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- 5 -

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

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

Results of Operations

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

During the three months ended March 31, 2009, we incurred
expenses of $17,585 compared to $15,810 during the three months ended March 31,
2008. The increase in expenses during the three months ended March 31, 2009
resulted from increased professional fees. We have not generated any revenue
since our inception.

As of March 31, 2009, our company had cash of $2,317 and a
working capital deficit of $100,446. We estimate our operating expenses and
working capital requirements for the next twelve period to be as follows:

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

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

Liquidity and Capital Resources

We had cash of $2,317 as of March 31, 2009 compared to cash of
$10,054 as of December 31, 2008. We had a working capital deficit of $100,446 as
of March 31, 2009 compared to working capital deficit of $85,111 as of December
31, 2008. We have suffered recurring losses from inception. The ability of our
company to meet our financial liabilities and commitments is primarily dependent
upon the continued financial support of our directors and shareholders, the
continued issuance of equity to new shareholders, and our ability to achieve and
maintain profitable operations.

Management believes that our companys cash balance will not be
sufficient to meet our working capital requirements for the next twelve month
period. We estimate that we will require $79,000 over the next twelve month
period and at least $100,446 to eliminate our working capital deficiency,
exclusive of any acquisition or development costs. This amount may also increase
if we are required to carry out due diligence investigations in regards to any
prospective business opportunity or if the costs of negotiating the applicable
transaction are greater than anticipated. Our company plans to raise the capital
required to satisfy our immediate short-term needs and additional capital
required to meet our estimated funding 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.

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- 6 -

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

Operating Activities

Operating activities used cash of $16,070 during the three
months ended March 31, 2009 as compared to $9,724 during the three months ended
March 31, 2008.

Financing Activities

Financing activities provided cash of $8,333 during the three
months ended March 31, 2009 as compared to $nil during the three months ended
March 31, 2008. Cash provided from financing activities during the three months
ended March 31, 2009 resulted from advances from related parties.

Investing Activities

Investing activities provided cash of $nil during the three
months ended March 31, 2009 and 2008.

Going Concern

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

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

Application of Critical Accounting Policies

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

Long-lived Assets

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

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- 7 -

Recent Accounting Pronouncements

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

In December 2007, the FASB issued SFAS No. 160, Noncontrolling
Interests in Consolidated Financial Statements 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 December 2007 the FASB issued SFAS No. 141R, Business
Combinations, or SFAS 141R. SFAS 141R establishes principles and
requirements for how the acquirer of a business recognizes and measures in its
financial statements the identifiable assets (including in-process research and
development) acquired, the liabilities assumed, and any noncontrolling interest
in the acquiree. Prior to the adoption of SFAS 141R, in-process research and
development was immediately expensed. In addition, under SFAS 141R all
acquisition costs are expensed as incurred. The statement also provides guidance
for recognizing and measuring the goodwill acquired in the business combination
and determines what information to disclose to enable users of financial
statements to evaluate the nature and financial effects of the business
combination. SFAS 141R is effective for financial statements issued for fiscal
years beginning after December 15, 2008. The effect of adopting SFAS 141R will
depend upon the nature, terms and size of any acquisition we consummate after
the effective date of January 1, 2009.

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

On April 9, 2009, the FASB issued three FSPs intended to
provide additional application guidance and enhanced disclosures regarding fair
value measurements and other-than-temporary impairments of securities.

FSP FAS 157-4, Determining Fair Value When the Volume and
Level of Activity for the Asset or Liability Have Significantly Decreased and
Identifying Transactions That Are Not Orderly, provides guidelines for
making fair value measurements more consistent with the principles presented in
FASB Statement No. 157, Fair Value Measurements. FSP FAS 157-4 must be applied
prospectively and retrospective application is not permitted. FSP FAS 157-4 is
effective for interim and annual periods ending after June 15, 2009, with early
adoption permitted for periods ending after March 15, 2009. An entity early
adopting FSP FAS 157-4 must also early adopt FSP FAS 115-2 and FAS 124-2.

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

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- 8 -

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

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

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

RISK FACTORS

Much of the information included in this quarterly report
includes or is based upon estimates, projections or other forward looking
statements. Such forward looking statements include any projections and
estimates made by us and our management in connection with our business
operations. While these forward-looking statements, and any assumptions upon
which they are based, are made in good faith and reflect our current judgment
regarding the direction of our business, actual results will almost always vary,
sometimes materially, from any estimates, predictions, projections, assumptions
or other future performance suggested herein.

Such estimates, projections or other forward looking statements
involve various risks and uncertainties as outlined below. We caution the reader
that important factors in some cases have affected and, in the future, could
materially affect actual results and cause actual results to differ materially
from the results expressed in any such estimates, projections or other forward
looking statements.

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

We had cash in the amount of $2,317 and a working capital
deficit of $100,446 as of March 31, 2009. We do not have sufficient funds to
independently finance the acquisition of suitable business opportunities, nor do
we have the funds to independently finance our daily operating costs. We do not
expect to generate any revenues for the foreseeable future. Accordingly, we will
require additional funds, either from equity or debt financing, to maintain our
daily operations and to locate and acquire suitable business opportunities.
Obtaining additional financing is subject to a number of factors, including
market acceptance of projects, investor acceptance of any business opportunity
we may acquire in the future, and investor sentiment. Financing, therefore, may
not be available on acceptable terms, if at all. The most likely source of
future funds presently available to us is through the sale of equity capital.
Any sale of share capital, however, will result in dilution to existing
shareholders. If we are unable to raise additional funds when required, we may
be forced to delay our plan of operation and our entire business may fail.

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

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

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- 9 -

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

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

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

We have identified a number of material weaknesses in our
internal control over financial reporting. Our management assessed the
effectiveness of our internal control over financial reporting and disclosure
controls and procedures as at March 31, 2009 pursuant to Section 404 of the
Sarbanes-Oxley Act of 2002 and the related SEC rules and concluded that our
internal control over financial reporting and disclosure controls and procedures
were not effective as at March 31, 2009. Specifically, they concluded that six
material weaknesses existed as at March 31, 2009 which are set out in Item 4
under the heading Controls and Procedures. Although we intend to remediate
such material weaknesses as set out in Item 4, we have not yet been able to
address these material weaknesses and they may continue to remain unremedied for
some time, which could adversely impact the accuracy and timeliness of future
reports and filings we make to the SEC and could have a material adverse effect
on our business, results of operations, financial condition and liquidity.

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

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

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

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

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

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

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

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- 10 -

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

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

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

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

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

Item 3. Quantitative and Qualitative Disclosures About
Market Risk.

Not Applicable

Item 4. Controls and Procedures.

Disclosure Controls and Procedures

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

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- 11 -

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

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

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

Changes in Internal Control over Financial Reporting

There have been no changes in our internal controls over
financial reporting that occurred during the quarter ended March 31, 2009 that
have materially affected, or are reasonably likely to materially affect, our
internal controls over financial reporting.

PART II - OTHER INFORMATION

Item 1. Legal Proceedings.

We know of no material, active or pending legal proceedings
against our company, nor are we involved as a plaintiff in any material
proceeding or pending litigation. There are no proceedings in which any of our
directors, officers or affiliates, or any registered or beneficial shareholder,
is an adverse party or has a material interest adverse to our interest.

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

None.

Item 3. Defaults Upon Senior Securities.

None.

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

None.

Item 5. Other Information

None.

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Item 6. Exhibits.

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

* Filed herewith.

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- 13 -

SIGNATURES

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

TECKMINE INDUSTRIES, INC.

/s/ Raymond
IrvineRaymond Irvine President, Secretary, Treasurer and Director
(Principal Executive Officer, Principal Financial Officer and Principal
Accounting Officer) Dated: May 15, 2009

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