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UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C.
20549

Form 10-QSB

(Mark One)

[X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934

For the quarterly period ended September 30,
2007

[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE
ACT

For the transition period from __________to __________

Commission file number 000-52745

TECKMINE INDUSTRIES,
INC.(Exact name of small business issuer 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)

604.677 -5066(Issuer's telephone number)

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

Check whether the issuer (1) filed all reports required to be
filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or
for such shorter period that the registrant was required to file such reports),
and (2) has been subject to such filing requirements for the past 90 days. Yes
[X] No [ ]

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

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS
DURING THE PRECEDING FIVE YEARS

Check whether the issuer has filed all documents and reports
required to be filed by Section 12, 13 or 15(d) of the Exchange Act after the
distribution of securities under a plan confirmed by a court. Yes [ ] No [ ]

APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer's
classes of common equity, as of the latest practicable date: 19,506,304
common shares issued and outstanding as of November 15, 2007

Transitional Small Business Disclosure Format (Check one): Yes [
] No [X]

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PART I - FINANCIAL INFORMATION

Item 1. Financial Statements.

It is the opinion of management that the interim financial
statements for the quarter ended September 30, 2007 include all adjustments
necessary in order to ensure that the interim financial statements are not
misleading.

- 2 -

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|Teckmine Industries, Inc.     
|------------------------------
|(An Exploration Stage Company)
|September 30, 2007            

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

- 3 -

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

|                                                       | September 30, |   | December 31, |  
|------------------------------------------------------ | ------------- | - | ------------ | -
|                                                       | 2007          |   | 2006         |  
|                                                       | $             |   | $            |  
|                                                       | (unaudited)   |   |              |  
|ASSETS                                                 |               |   |              |  
|Current Assets                                         |               |   |              |  
|Cash                                                   | 824           |   | 27,999       |  
|Prepaid expenses                                       |              |   | 154          |  
|Total Assets                                           | 824           |   | 28,153       |  
|                                                       |               |   |              |  
|LIABILITIES AND STOCKHOLDERS EQUITY (DEFICIT)         |               |   |              |  
|Current Liabilities                                    |               |   |              |  
|Accounts payable                                       | 5,400         |   | 2,100        |  
|Accrued liabilities                                    | 6,703         |   |             |  
|Due to
      related parties (Note 4(b))               | 19,800        |   |             |  
|Total Liabilities                                      | 31,903        |   | 2,100        |  
|                                                       |               |   |              |  
|Contingencies and Commitments (Note 1 and 3)           |               |   |              |  
|Stockholders Equity (Deficit)                         |               |   |              |  
|Common Stock:                                          |               |   |              |  
|100,000,000 shares authorized, $0.001 par value,       |               |   |              |  
|19,506,304 shares issued and outstanding               | 19,506        |   | 19,506       |  
|Additional Paid-in Capital                             | 52,553        |   | 52,553       |  
|Share Subscriptions Receivable                         |              |   | (130         | )
|Donated Capital (Note 4(a))                            | 30,000        |   | 23,250       |  
|Deficit Accumulated During the Exploration
      Stage | (133,138      | ) | (69,126      | )
|Total Stockholders
      Equity (Deficit)             | (31,079       | ) | 26,053       |  
|Total Liabilities and Stockholders Equity (Deficit)   | 824           |   | 28,153       |  

(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       |   |               |   |               |   |               |   |               |  
|-------------------------------- | ---------------------- | - | ------------- | - | ------------- | - | ------------- | - | ------------- | -
|                                 | May 19, 2004           |   | For the Three |   | For the Three |   | For the Nine  |   | For the Nine  |  
|                                 | (Date of Inception) to |   | Months Ended  |   | Months Ended  |   | Months Ended  |   | Months Ended  |  
|                                 | September 30,          |   | September 30, |   | September 30, |   | September 30, |   | September 30, |  
|                                 | 2007                   |   | 2007          |   | 2006          |   | 2007          |   | 2006          |  
|                                 | $                      |   | $             |   | $             |   | $             |   | $             |  
|                                 |                        |   |               |   |               |   |               |   |               |  
|Revenue                          |                       |   |              |   |              |   |              |   |              |  
|                                 |                        |   |               |   |               |   |               |   |               |  
|Expenses                         |                        |   |               |   |               |   |               |   |               |  
|                                 |                        |   |               |   |               |   |               |   |               |  
|General and administrative (Note |                        |   |               |   |               |   |               |   |               |  
|4(a))                            | 88,642                 |   | 16,424        |   | 4,013         |   | 52,016        |   | 15,924        |  
|Impairment of mineral property   |                        |   |               |   |               |   |               |   |               |  
|costs                            | 43,750                 |   |              |   | 5,000         |   | 11,250        |   | 10,000        |  
|Mineral
      property costs     | 746                    |   |              |   |              |   | 746           |   |              |  
|                                 |                        |   |               |   |               |   |               |   |               |  
|Total Expenses                   | 133,138                |   | 16,424        |   | 9,013         |   | 64,012        |   | 25,924        |  
|                                 |                        |   |               |   |               |   |               |   |               |  
|Net Loss                         | (133,138               | ) | (16,424       | ) | (9,013        | ) | (64,012       | ) | (25,924       | )
|                                 |                        |   |               |   |               |   |               |   |               |  
|Net Loss Per Share  Basic and   |                        |   |               |   |               |   |               |   |               |  
|Diluted                          |                        |   |              |   |              |   |              |   |              |  
|                                 |                        |   |               |   |               |   |               |   |               |  
|Weighted Average Shares          |                        |   |               |   |               |   |               |   |               |  
|Outstanding                      |                        |   | 19,506,304    |   | 14,744,000    |   | 19,506,304    |   | 19,410,000    |  

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

F-2

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

|                                                                                |  | For the Nine  |   |  | For the Nine  |  
|------------------------------------------------------------------------------- |  | ------------- | - |  | ------------- | -
|                                                                                |  | Months Ended  |   |  | Months Ended  |  
|                                                                                |  | September 30, |   |  | September 30, |  
|                                                                                |  | 2007          |   |  | 2006          |  
|                                                                                |  | $             |   |  | $             |  
|Operating Activities                                                            |  | (64,012       | ) |  | (25,924       | )
|Net loss                                                                        |  |               |   |  |               |  
|Adjustment to reconcile net loss to net
      cash used in operating activities |  |               |   |  |               |  
|Donated services and rent                                                       |  | 6,750         |   |  | 6,750         |  
|Impairment of mineral property
      costs                                      |  | 11,250        |   |  | 10,000        |  
|Changes in operating assets and liabilities                                     |  |               |   |  |               |  
|Prepaid expenses                                                                |  | 154           |   |  | 5,350         |  
|Accounts payable                                                                |  | 3,300         |   |  | 1,590         |  
|Accrued liabilities                                                             |  | 6,703         |   |  |              |  
|Net Cash Used In
      Operating Activities                                     |  | (35,855       | ) |  | (2,234        | )
|Investing Activities                                                            |  |               |   |  |               |  
|Mineral property costs                                                          |  | (11,250       | ) |  | (10,000       | )
|Net Cash Used In Investing Activities                                           |  | (11,250       | ) |  | (10,000       | )
|Financing Activities                                                            |  |               |   |  |               |  
|Advances from related parties                                                   |  | 19,800        |   |  |              |  
|Proceeds from common share subscriptions received                               |  | 130           |   |  |              |  
|Net Cash Provided by Financing Activities                                       |  | 19,930        |   |  |              |  
|Decrease in Cash                                                                |  | (27,175       | ) |  | (12,234       | )
|Cash - Beginning of Period                                                      |  | 27,999        |   |  | 25,267        |  
|Cash - End of
      Period                                                      |  | 824           |   |  | 13,033        |  
|                                                                                |  |               |   |  |               |  
|Supplemental Disclosures                                                        |  |               |   |  |               |  
|Interest paid                                                                   |  |              |   |  |              |  
|Income tax paid                                                                 |  |              |   |  |              |  

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

F-3

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

|1. | Nature of Operations and Continuance of
Business                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|-- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|   | The Company was incorporated in the State of Nevada on
      May 19, 2004. The Company has an option to acquire a 50% interest in a
      mineral property located in British Columbia, Canada. The Company is an
      Exploration Stage Company, as defined by Statement of Financial Accounting
      Standard (SFAS) No.7 Accounting and Reporting by Development Stage
      Enterprises.The Companys principal business is the acquisition and
      exploration of mineral resources. The Company has not presently determined
      whether its properties contain mineral reserves that are economically
      recoverable.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|   | These financial statements have been prepared on a going
      concern basis, which implies the Company will continue to realize its
      assets and discharge its liabilities in the normal course of business. The
      Company has never generated revenues since inception and has never paid
      any dividends and is unlikely to pay dividends or generate earnings in the
      immediate or foreseeable future. The continuation of the Company as a
      going concern is dependent upon the continued financial support from its
      shareholders, the ability of the Company to obtain necessary equity
      financing to continue operations, confirmation of the Companys interests
      in the underlying properties, and the attainment of profitable operations.
      As at September 30, 2007, the Company has a working capital deficiency of
      $31,079 and has accumulated losses of $133,138 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.

|2. | Summary of Significant Accounting Policies
|-- | ------------------------------------------
|   |                                           
|   | (a)                                       
|   |                                           
|   |                                           

| | (b) | Interim Financial Statements                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
| |     | These interim unaudited financial statements have been
      prepared on the same basis as the annual financial statements and in the
      opinion of management, reflect all adjustments, which include only normal
      recurring adjustments, necessary to present fairly the Companys financial
      position, results of operations and cash flows for the periods shown. The
      results of operations for such periods are not necessarily indicative of
      the results expected for a full year or for any future period.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
| |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
| | (c) | Use of Estimates                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
| |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
| |     | The preparation of financial statements in conformity
      with U.S. generally accepted accounting principles requires management to
      make estimates and assumptions that affect the reported amounts of assets
      and liabilities and disclosure of contingent assets and liabilities at the
      date of the financial statements and the reported amounts of revenues and
      expenses during the reporting period. Actual results could differ from
      those estimates. The Company regularly evaluates estimates and assumptions
      related to the recoverability of long-lived assets, donated expenses and
      deferred income tax asset valuation allowances. The Company bases its
      estimates and assumptions on current facts, historical experience and
      various other factors that it believes to be reasonable under the
      circumstances, the results of which form the basis for making judgments
      about the carrying values of assets and liabilities and the accrual of
      costs and expenses that are not readily apparent from other sources. The
      actual results experienced by the Company may differ materially and
      adversely from the Companys estimates. To the extent there are material
      differences between the estimates and the actual results, future results
      of operations will be affected.
| |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
| | (d) | Cash and Cash Equivalents                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
| |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
| |     | The Company considers all highly liquid instruments with
      a maturity of three months or less at the time of issuance to be cash
      equivalents.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
| |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
| | (e) | Financial Instruments                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
| |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
| |     | The fair values of financial instruments, which consist
      of cash, accounts payable, accrued liabilities, and due related parties
      approximate their carrying values due to the relatively short maturity of
      these instruments.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             

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)
|-- | ----------------------------------------------------------
|   |                                                           
|   | (f)                                                       
|   |                                                           
|   |                                                           

| | (g) | Income Taxes                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
| |     | The Company accounts for income taxes using the asset and
      liability method in accordance with SFAS No. 109, Accounting for Income
      Taxes. The asset and liability method provides that deferred tax assets
      and liabilities are recognized for the expected future tax consequences of
      temporary differences between the financial reporting and tax bases of
      assets and liabilities, and for operating loss and tax credit
      carryforwards. Deferred tax assets and liabilities are measured using the
      currently enacted tax rates and laws that will be in effect when the
      differences are expected to reverse. The Company records a valuation
      allowance to reduce deferred tax assets to the amount that is believed
      more likely than not to be realized.                                                                                                                                                                                                                                                                                                                                                                     
| |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
| | (h) | Mineral Property Costs                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
| |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
| |     | The Company has been in the exploration stage since its
      formation on May 19, 2004 and has not yet realized any revenues from its
      planned operations. It is primarily engaged in the acquisition and
      exploration of mining properties. Mineral property exploration costs are
      expensed as incurred. Mineral property acquisition costs are initially
      capitalized when incurred using the guidance in EITF 04-02, Whether
      Mineral Rights Are Tangible or Intangible Assets.The Company
      assesses the carrying costs for impairment under SFAS No.144,
      Accounting for Impairment or Disposal of Long Lived Assetsat
      each fiscal quarter end. When it has been determined that a mineral
      property can be economically developed as a result of establishing proven
      and probable reserves, the costs then incurred to develop such property,
      are capitalized. Such costs will be amortized using the units-of-
      production method over the estimated life of the probable reserve. If
      mineral properties are subsequently abandoned or impaired, any capitalized
      costs will be charged to operations.
| |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
| | (i) | 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. The 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.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
| |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
| | (j) | Asset Retirement Obligations                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
| |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
| |     | The Company follows the provisions of SFAS No. 143,
      "Accounting for Asset Retirement Obligations," which establishes standards
      for the initial measurement and subsequent accounting for obligations
      associated with the sale, abandonment or other disposal of long-lived
      tangible assets arising from the acquisition, construction or development
      and for normal operations of such assets.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
| |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
| | (k) | Basic and Diluted Net Income (Loss) per Share                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
| |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
| |     | The Company computes net income (loss) per share in
      accordance with SFAS No. 128, "Earnings per Share".SFAS No. 128
      requires presentation of both basic and diluted earnings per share (EPS)
      on the face of the income statement. Basic EPS is computed by dividing net
      income (loss) available to common shareholders (numerator) by the weighted
      average number of common shares outstanding (denominator) during the
      period. Diluted EPS gives effect to all dilutive potential common shares
      outstanding during the period including stock options, using the treasury
      stock method, and convertible preferred stock, using the if-converted
      method. In computing diluted EPS, the average stock price for the period
      is used in determining the number of shares assumed to be purchased from
      the exercise of stock options or warrants. Diluted EPS excludes all
      dilutive potential common shares if their effect is
  anti-dilutive.                                                                                                                                                                         

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)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | Recent Accounting Pronouncements                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|-- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | In February 2007, the Financial Accounting Standards
      Board (FASB) issued SFAS No. 159, The Fair Value Option for
      Financial Assets and Financial Liabilities  Including an Amendment of
      FASB Statement No. 115.This statement permits entities to choose to
      measure many financial instruments and certain other items at fair value.
      Most of the provisions of SFAS No. 159 apply only to entities that elect
      the fair value option. However, the amendment to SFAS No. 115
      Accounting for Certain Investments in Debt and Equity Securitiesapplies to all entities with available-for-sale and trading
      securities. SFAS No. 159 is effective as of the beginning of an entitys
      first fiscal year that begins after November 15, 2007. Early adoption is
      permitted as of the beginning of a fiscal year that begins on or before
      November 15, 2007, provided the entity also elects to apply the provision
      of SFAS No. 157, Fair Value Measurements.The adoption of this
      statement is not expected to have a material effect on the Company's
      financial statements.
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | In September 2006, the FASB issued SFAS No. 157, Fair
      Value Measurements.The objective of SFAS No. 157 is to increase
      consistency and comparability in fair value measurements and to expand
      disclosures about fair value measurements. SFAS No. 157 defines fair
      value, establishes a framework for measuring fair value in generally
      accepted accounting principles, and expands disclosures about fair value
      measurements. SFAS No. 157 applies under other accounting pronouncements
      that require or permit fair value measurements and does not require any
      new fair value measurements. The provisions of SFAS No. 157 are effective
      for fair value measurements made in fiscal years beginning after November
      15, 2007. The adoption of this statement is not expected to have a
      material effect on the Company's future reported financial position or
      results of operations.                                                                                                                                                                                                  
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|3. | Mineral Property                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|   | The Company entered into an agreement dated November 10,
        2004 whereby the Company was granted an option in consideration for $22,500
        (paid) to acquire a 50% interest in a mineral property located in British
        Columbia, Canada. The Company may exercise the option by incurring a minimum
        of $250,000 of exploration expenditures on the property prior to end of
        the agreement May 10, 2006. In fiscal 2006, the Company elected to extend
        the terms of the agreement by a further 12 months by paying an additional
        $10,000. On May 9, 2007, the Company extended the terms of the mineral
        property option agreement a further 18-month extension to November 9,
        2008 for $22,500, of which $11,250 was paid and the remaining $11,250
        is due on November 9, 2007 (paid subsequently).
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|4. | Related Party Transactions                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|   | (a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | During the nine months ending September 30, 2007, the
      Company recognized $4,500 (2006 - $4,500) for donated services at $500 per
      month and $2,250 (2006 - $2,250) for donated rent at $250 per month
      provided by the President of the Company.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|   | (b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | As at June 30, 2007, the total amount of $19,800
      (December 31, 2006 - $Nil) is owed to the President of the Company, a
      director and two shareholders. The amounts due are non-interest bearing,
      unsecured and due on demand.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   

F-6

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Item 2. Management's Discussion and Analysis or Plan of
Operation.

FORWARD-LOOKING STATEMENTS

This quarterly report contains
forward-looking statements as that term is defined in section 27A of the United
States Securities Act of 1933 and section 21E of the United States Securities
Exchange Act of 1934. These statements relate to future events or our future
financial performance. In some cases, you can identify forward-looking
statements by terminology such as "may", "should", "expects", "plans",
"anticipates", "believes", "estimates", "predicts", "potential" or "continue" or
the negative of these terms or other comparable terminology. These statements
are only predictions and involve known and unknown risks, uncertainties and
other factors, including the risks in the section entitled "Risk Factors", that
may cause our or our industry's actual results, levels of activity, performance
or achievements to be materially different from any future results, levels of
activity, performance or achievements expressed or implied by these
forward-looking statements. Although we believe that the expectations reflected
in the forward-looking statements are reasonable, we cannot guarantee future
results, levels of activity, performance or achievements. Except as required by
applicable law, including the securities laws of the United States, we do not
intend to update any of the forward-looking statements to conform these
statements to actual results.

Our unaudited financial
statements are stated in United States dollars and are prepared in accordance
with United States generally accepted accounting principles. The following
discussion should be read in conjunction with our financial statements and the
related notes that appear elsewhere in this quarterly report. The following
discussion contains forward-looking statements that reflect our plans, estimates
and beliefs. Our actual results could differ materially from those discussed in
the forward looking statements. Factors that could cause or contribute to such
differences include those discussed in this quarterly report, particularly in
the section entitled "Risk Factors". In this quarterly report, unless otherwise
specified, all dollar amounts are expressed in United States dollars and all
references to "common shares" refer to the common shares in our capital
stock.

As used in this quarterly report,
the terms "we", "us", "our" and "Teckmine" mean Teckmine Industries, Inc.,
unless otherwise indicated.

Overview

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

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

Our principal executive offices
are located at Suite 239  280 Nelson Street, Vancouver, British Columbia,
Canada V6B 2E2. Our telephone number is (604) 677-5066.

Corporate History

We were incorporated in the state
of Nevada on May 19, 2004 with an authorized share capital of 100,000,000 shares
with a par value of $0.001.

- 4 -

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PLAN OF OPERATION

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

As of September 30, 2007, our
company had cash of $824 and a working capital deficit of $31,079. We estimate
our operating expenses and working capital requirements for the next twelve
period to be as follows:

| | Estimated Expenses For the Next Twelve Month Period |  
| | --------------------------------------------------- | -
| | Exploration Costs                                   | $
| | Employee and Consultant
      Compensation          | $
| | Professional Fees                                   | $
| | General and
      Administrative Expenses           | $
| | Total                                               | $

Exploration Costs

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

Estimated Costs of our Program of Exploration

Stage I
      CostThe planning, consultation and implementation of our program
        of exploration
      $10,000Line cutting
      $15,000Seismic profiling
      $15,000Orientation survey
      $6,000Geophysical survey
      $70,000Report
      $5,000Total
      $121,000Stage IIThe planning, consultation and implementation of our program
        of exploration
      $10,000Geophysical orientation survey
      $5,000Geochemical survey
      $50,000Anomaly investigations
      $50,000Report
      $10,000Total
      $125,000


- 5 -

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Employee and Consultant Compensation

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

Professional Fees

As a public company, we expect to
incur ongoing legal and accounting expenses to comply with our reporting
responsibilities as a public company under the Untied States Securities Exchange
Act of 1934. We estimate our legal and accounting expenses for the next twelve
months to be approximately $50,000.

General and Administrative Expenses

We anticipate spending $37,000
  on general and administrative costs in the next twelve month period. These costs
  primarily consist of expenses such as office supplies and office equipment.

LIQUIDITY AND CAPITAL RESOURCES

Our company's principal cash
requirements are for exploration expenses which we anticipate will rise as we
proceed to determine the feasibility of developing our current or future
property interests.

Capital Resources

As of September 30, 2007, we had
a working capital deficiency of $31,079. 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 $378,000
  over the next twelve month period to fund our plan of operations and at least
  $31,079 to eliminate our working capital deficiency. Our company plans to raise
  the capital required to satisfy our immediate short-term needs and additional
  capital required to meet our estimated funding requirements for the next twelve
  months primarily through the private placement of our equity securities. There
  is no assurance that our company will be able to obtain further funds required
  for our continued working capital requirements.

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

Due to the uncertainty of our
ability to meet our current operating and capital expenses, in their report on
our audited financial statements for the period ended December 31, 2006, 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 its independent auditors.

Capital Expenditures

Other than as required under the
terms of the option agreement, as of November 15, 2007, our company does not
have any material commitments for capital expenditures and management does not
anticipate that our company will spend additional material amounts on capital
expenditures in the near future.

- 6 -

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Off-Balance Sheet Arrangements

We have no significant
off-balance sheet arrangements that have or are reasonably likely to have a
current or future effect on our financial condition, changes in financial
condition, revenues or expenses, results of operations, liquidity, capital
expenditures or capital resources that is material to stockholders.

APPLICATION OF CRITICAL ACCOUNTING POLICIES

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

Mineral Property Costs

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

Long-lived Assets

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

RECENT ACCOUNTING PRONOUNCEMENTS

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

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

- 7 -

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RISK FACTORS

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

RISKS RELATED TO OUR BUSINESS

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

Potential investors should be
aware of the difficulties normally encountered by new mineral exploration
companies and the high rate of failure of such enterprises. The likelihood of
success must be considered in light of the problems, expenses, difficulties,
complications and delays encountered in connection with the exploration program
that we intend to undertake on the Pioneer Extension Property and any additional
properties that we may acquire. These potential problems include unanticipated
problems relating to exploration, and additional costs and expenses that may
exceed current estimates. The expenditures to be made by us in the exploration
of the Pioneer Extension Property may not result in the discovery of mineral
deposits. Any expenditures that we may make in the exploration of any other
mineral property that we may acquire may not result in the discovery of any
commercially exploitable mineral deposits. Problems such as unusual or
unexpected geological formations and other conditions are involved in all
mineral exploration and often result in unsuccessful exploration efforts. If the
results of our exploration do not reveal viable commercial mineralization, we
may decide to abandon our interests in the Pioneer Extension Property. If this
happens, our business will likely fail.

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

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

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

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

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

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

- 8 -

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

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

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

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

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

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

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

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

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

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

- 9 -

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We have not generated any
revenues since our date of inception and we will continue to incur operating
expenses without revenues until we engage in commercial operations. Our net loss
for the nine month period ended September 30, 2007 was $64,012 and was $28,443
for the year ended December 31, 2006. We had cash in the amount of $824 as at
September 30, 2007 and $27,999 as at December 31, 2006. We currently do not have
any operations and we have no income. We estimate our average monthly operating
expenses to be approximately $31,500 each month. We cannot provide assurances
that we will be able to successfully explore and develop our business. These
circumstances raise substantial doubt about our ability to continue as a going
concern as described in an explanatory paragraph to our independent auditors'
report on our audited financial statements, dated March 12, 2007. If we are
unable to continue as a going concern, investors will likely lose all of their
investments in our company.

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

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

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

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

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

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

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

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

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

- 10 -

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

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

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

RISKS ASSOCIATED WITH OUR COMMON STOCK

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

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

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

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

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

Our stock is a penny stock. The
Securities and Exchange Commission has adopted Rule 15g-9 which generally
defines "penny stock" to be any equity security that has a market price (as
defined) less than $5.00 per share or an exercise price of less than $5.00 per
share, subject to certain exceptions. Our securities are covered by the penny
stock rules, which impose additional sales practice requirements on
broker-dealers who sell to persons other than established customers and
"accredited investors". The term "accredited investor" refers generally to
institutions with assets in excess of $5,000,000 or individuals with a net worth
in excess of $1,000,000 or annual income exceeding $200,000 or $300,000 jointly
with their

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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 stockholder's ability
to buy and sell our stock.

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

Item 3. Controls and Procedures.

As required by Rule 13a-15 under
the United States Securities Exchange Act of 1934, we have carried out an
evaluation of the effectiveness of the design and operation of our company's
disclosure controls and procedures as of the end of the period covered by this
quarterly report, being September 30, 2007. This evaluation was carried out
under the supervision and with the participation of our company's management,
including our company's president, secretary and treasurer. Based upon that
evaluation, our company's president, secretary and treasurer concluded that our
company's disclosure controls and procedures are effective as at the end of the
period covered by this report. There have been no changes in our internal
controls over financial reporting that occurred during the period covered by
this report that have materially affected, or are reasonably likely to
materially affect our internal controls over financial reporting.

Disclosure controls and
procedures are controls and other procedures that are designed to ensure that
information required to be disclosed in our company's reports filed or submitted
under the Exchange Act is recorded, processed, summarized and reported, within
the time periods specified in the Securities and Exchange Commission's rules and
forms. Disclosure controls and procedures include, without limitation, controls
and procedures designed to ensure that information required to be disclosed in
our company's reports filed under the United States Securities Exchange Act of
1934 is accumulated and communicated to management, including our company's
president, secretary and treasurer as appropriate, to allow timely decisions
regarding required disclosure.

PART II - OTHER INFORMATION

Item 1. Legal Proceedings.

We know of no material, existing
or pending legal proceedings against our company, nor are we involved as a
plaintiff in any material proceeding or pending litigation. There are no
proceedings in which 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.

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|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.

|Item 6. Exhibits.
|-----------------

|Exhibit | Description                                                                                                                                                                                                                     
|------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Number  |                                                                                                                                                                                                                                 
|3.0     | (i) Articles of Incorporation;
      and (ii) Bylaws                                                                                                                                                                            
|3.1     | Articles of Incorporation (incorporated
        by reference from our Registration Statement on Form SB-2 filed on May
        15, 2007)                                                                                        
|3.2     | Bylaws (incorporated
        by reference from our Registration Statement on Form SB-2 filed on May
        15, 2007)                                                                                                           
|10.0    | Material Contracts                                                                                                                                                                                                              
|10.1    | Option Agreement
        dated November 10, 2004, between Teckmine Industries, Inc. and GoldBridge
        Resources Ltd. (incorporated by reference from our Registration Statement
        on Form SB-2 filed on May 15, 2007)
|10.2    | Option Agreement dated May 9,
        2007 between Teckmine Industries, Inc. and Goldbridge Resources Ltd. (incorporated
        by reference from our Registration Statement on Form SB-2 filed on May
        15, 2007)       
|(31)    | Rule 13a-14(a)/15d-14(a)
        Certifications                                                                                                                                                                                 
|31.1*   | Section
        302 Certification under Sarbanes-Oxley Act of 2002 of Raymond Irvine                                                                                                                                            
|(32)    | Section 1350
        Certifications                                                                                                                                                                                             
|32.1*   | Section
        906 Certification under Sarbanes-Oxley Act of 2002                                                                                                                                                              

* Filed herewith.

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SIGNATURES

In accordance with the requirements of the Exchange Act the
registrant caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.

TECKMINE INDUSTRIES, INC.

|/s/ Raymond
      Irvine                                                                          | 
|------------------------------------------------------------------------------------------------- | 
|By: Raymond Irvine                                                                                | 
|President, Secretary, Treasurer and Director                                                      | 
|(Principal Executive Officer, Principal Financial Officer
      and Principal Accounting Officer) | 
|Dated: November 19, 2007                                                                          | 

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