**UNITED      STATES**

**SECURITIES      AND EXCHANGE COMMISSION**

**Washington,      D.C. 20549**

**FORM      10-Q**

**(Mark      One)**

| þ |   | **Quarterly                Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act                of 1934** |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------|

**For      the Quarterly Period Ended September 30, 2008 **

**or**

| o |   | **Transition                Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act                of 1934** |
|---|--------|---------------------------------------------------------------------------------------------------------------------------------|

**For      the Transition Period from **
**                    **
**      to **
**                    **
** **

**Commission      File Number 000-52696**

**DOMINION      MINERALS CORP.**

| **Delaware**                              |   | **22-3091075**                                      |
|------------------------------------------------|--------|-----------------------------------------------------|
| (State                or Other Jurisdiction of |   | (I.R.S.                Employer Identification No.) |
| Incorporation                or Organization)  |   |                                                |

| **75                Rockefeller Plaza, Suite 1817**                                 |
|-------------------------------------------------------------------------------------|
| **New                York, New York 10019**                                         |
| (Address                of principal executive offices and zip                code) |

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

----

|                                                                                                                                                                                                                                                    |   | SEPTEMBER 30, |        | DECEMBER 31, |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|-------------|-------------------|--------|
|                                                                                                                                                                                                                                                              |   | 2008               |        | 2007              |   |
|                                                                                                                                                                                                                                                              |   | (UNAUDITED)        |        |              |   |
| ASSETS                                                                                                                                                                                                                                                            |   |               |        |              |   |
| CURRENT                  ASSETS:                                                                                                                                                                                                                                  |   |               |        |              |   |
| Cash                  and cash equivalents                                                                                                                                                                                                                        |   | $                  | 5,618,639   |              | $      | 878,116 |   |
| Prepaid                  expense                                                                                                                                                                                                                                  |   |               | 37,534      |              |   | 69,521 |   |
| Total                  current assets                                                                                                                                                                                                                             |   |               | 5,656,173   |              |   | 947,637 |   |
|                                                                                                                                                                                                                                                              |   |               |        |              |   |   |   |
| PROPERTY                  AND EQUIPMENT, net                                                                                                                                                                                                                      |   |               | 27,733      |              |   | 40,717 |   |
|                                                                                                                                                                                                                                                              |   |               |        |              |   |   |   |
| OTHER                  ASSETS:                                                                                                                                                                                                                                    |   |               |        |              |   |   |   |
| Notes                  issuance cost, net                                                                                                                                                                                                                         |   |               | -           |              |   | 303,615 |   |
| Other                  assets                                                                                                                                                                                                                                     |   |               | 21,000      |              |   | - |   |
| Long                  term investment                                                                                                                                                                                                                             |   |               | 6,207,862   |              |   | 2,720,279 |   |
| Total                  other assets                                                                                                                                                                                                                               |   |               | 6,228,862   |              |   | 3,023,894 |   |
|                                                                                                                                                                                                                                                              |   |               |        |              |   |   |   |
| Total                  assets                                                                                                                                                                                                                                     |   | $                  | 11,912,768  |              | $      | 4,012,248 |   |
|                                                                                                                                                                                                                                                              |   |               |        |              |   |   |   |
| LIABILITIES                  AND SHAREHOLDERS' EQUITY                                                                                                                                                                                                             |   |               |        |              |   |   |   |
| CURRENT                  LIABILITIES:                                                                                                                                                                                                                             |   |               |        |              |   |   |   |
| Accrued                  liabilities                                                                                                                                                                                                                              |   | $                  | 471,766     |              | $      | 526,304 |   |
| Short-term                  loan                                                                                                                                                                                                                                  |   |               | 76,156      |              |   | - |   |
| Convertible                  note payable                                                                                                                                                                                                                         |   |               | -           |              |   | 300,000 |   |
| Liquidated                  damages payable                                                                                                                                                                                                                       |   |               | 250,050     |              |   | - |   |
| Total                  current liabilities                                                                                                                                                                                                                        |   |               | 797,972     |              |   | 826,304 |   |
|                                                                                                                                                                                                                                                              |   |               |        |              |   |   |   |
| COMMITMENTS                  AND CONTINGENCIES                                                                                                                                                                                                                    |   |               |        |              |   |   |   |
|                                                                                                                                                                                                                                                              |   |               |        |              |   |   |   |
| SHAREHOLDERS'                  EQUITY:                                                                                                                                                                                                                            |   |               |        |              |   |   |   |
| Preferred                  stock, $0.0001 par value; 5,000,000 shares authorized; 100 and                  100 shares                  issued and outstanding as of September 30, 2008 and December 31,                  2007,                  respectively      |   |               | -           |              |   | - |   |
| Common                  stock, $0.0001 par value; 700,000,000 shares authorized 72,902,928                  and                  42,605,696 issued and outstanding as of September 30, 2008 and                  December                  31, 2007, respectively |   |               | 7,290       |              |   | 4,261 |   |
| Escrowed                  common stock                                                                                                                                                                                                                            |   |               | (134        | )                 |   | (267 | ) |
| Additional                  paid-in capital                                                                                                                                                                                                                       |   |               | 25,806,325  |              |   | 11,070,380 |   |
| Stock                  subscription receivable                                                                                                                                                                                                                    |   |               | (1,560      | )                 |   | (1,560 | ) |
| Deficit                  accumulated during the exploration stage                                                                                                                                                                                                 |   |               | (14,755,716 | )                 |   | (7,912,036 | ) |
| Accumulated                  other comprehensive income                                                                                                                                                                                                           |   |               | 58,591      |              |   | 25,166 |   |
| Total                  shareholders' equity                                                                                                                                                                                                                       |   |               | 11,114,796  |              |   | 3,185,944 |   |
|                                                                                                                                                                                                                                                              |   |               |        |              |   |   |   |
| Total                  liabilities and shareholders' equity                                                                                                                                                                                                       |   | $                  | 11,912,768  |              | $      | 4,012,248 |   |

----

|                                                         |   |                         |       |                        |   | From inception             |   |
|------------------------------------------------------------------------|--------|------------------------------|------------|-----------------------------|--------|---------------------------------|--------|
|                                                                   |   | Three months ended |       | Nine months ended |   | (March 1, 2006)  |   |
|                                                                   |   | September 30,           |       | September 30,          |   | to September 30,      |   |
|                                                                   |   | 2008                         |       | 2007                        |   | 2008                            |   | 2007 |   | 2008 |   |
|                                                                   |   |                         |       |                        |   |                            |   |   |   |   |   |
| REVENUE                                                                |   | $                            | -          |                        | $      | -                               |   | $ | - |   | $ | - |   | $ | - |   |
| COST                  OF SALES                                         |   |                         | -          |                        |   | -                               |   |   | - |   |   | - |   |   | - |   |
|                                                                   |   |                         |       |                        |   |                            |   |   |   |   |   |   |   |   |   |   |
| GROSS                  PROFIT                                          |   |                         | -          |                        |   | -                               |   |   | - |   |   | - |   |   | - |   |
|                                                                   |   |                         |       |                        |   |                            |   |   |   |   |   |   |   |   |   |   |
| RESEARCH                  AND DEVELOPMENT COSTS                        |   |                         | 16,495     |                        |   | 48,140                          |   |   | 120,831 |   |   | 323,875 |   |   | 901,183 |   |
| GENERAL                  AND ADMINISTRATIVE EXPENSES                   |   |                         | 1,727,521  |                        |   | 903,525                         |   |   | 5,860,570 |   |   | 3,448,936 |   |   | 12,908,703 |   |
| LIQUIDATED                  DAMAGE EXPENSE                             |   |                         | 69,600     |                        |   | -                               |   |   | 265,650 |   |   | - |   |   | 265,650 |   |
|                                                                   |   |                         |       |                        |   |                            |   |   |   |   |   |   |   |   |   |   |
| LOSS                  FROM OPERATIONS                                  |   |                         | (1,813,616 | )                           |   | (951,665                        | )      |   | (6,247,051 | ) |   | (3,772,811 | ) |   | (14,075,536 | ) |
|                                                                   |   |                         |       |                        |   |                            |   |   |   |   |   |   |   |   |   |   |
| OTHER                  (EXPENSE) INCOME                                |   |                         |       |                        |   |                            |   |   |   |   |   |   |   |   |   |   |
| Non-operating                  income (expense), net                   |   |                         | -          |                        |   | 73                              |   |   | (25,000 | ) |   | 10,190 |   |   | (25,000 | ) |
| Interest                  expense, net                                 |   |                         | (26,785    | )                           |   | 10,064                          |   |   | (143,014 | ) |   | 14,418 |   |   | (226,565 | ) |
| Finance                  expense                                       |   |                         | (29,526    | )                           |   | (82,695                         | )      |   | (428,615 | ) |   | (82,695 | ) |   | (428,615 | ) |
| Total                  other (expense) income, net                     |   |                         | (56,311    | )                           |   | (72,558                         | )      |   | (596,629 | ) |   | (58,087 | ) |   | (680,180 | ) |
|                                                                   |   |                         |       |                        |   |                            |   |   |   |   |   |   |   |   |   |   |
| LOSS                  BEFORE PROVISION FOR INCOME TAXES                |   |                         | (1,869,927 | )                           |   | (1,024,223                      | )      |   | (6,843,680 | ) |   | (3,830,898 | ) |   | (14,755,716 | ) |
|                                                                   |   |                         |       |                        |   |                            |   |   |   |   |   |   |   |   |   |   |
| PROVISION                  FOR INCOME TAXES                            |   |                         | -          |                        |   | -                               |   |   | - |   |   | - |   |   | - |   |
|                                                                   |   |                         |       |                        |   |                            |   |   |   |   |   |   |   |   |   |   |
| NET                  LOSS                                              |   |                         | (1,869,927 | )                           |   | (1,024,223                      | )      |   | (6,843,680 | ) |   | (3,830,898 | ) |   | (14,755,716 | ) |
|                                                                   |   |                         |       |                        |   |                            |   |   |   |   |   |   |   |   |   |   |
| OTHER                  COMPREHENSIVE INCOME                            |   |                         |       |                        |   |                            |   |   |   |   |   |   |   |   |   |   |
| Foreign                  currency translation adjustment               |   |                         | 2,092      |                        |   | 2,687                           |   |   | 33,425 |   |   | 8,100 |   |   | 58,591 |   |
|                                                                   |   |                         |       |                        |   |                            |   |   |   |   |   |   |   |   |   |   |
| COMPREHENSIVE                  LOSS                                    |   | $                            | (1,867,835 | )                           | $      | (1,021,536                      | )      | $ | (6,810,255 | ) | $ | (3,822,798 | ) | $ | (14,697,125 | ) |
|                                                                   |   |                         |       |                        |   |                            |   |   |   |   |   |   |   |   |   |   |
| LOSS                  PER SHARE                                        |   |                         |       |                        |   |                            |   |   |   |   |   |   |   |   |   |   |
| Basic                  and diluted loss per share                      |   | $                            | (0.03      | )                           | $      | (0.03                           | )      | $ | (0.13 | ) | $ | (0.11 | ) |   |   |   |
|                                                                   |   |                         |       |                        |   |                            |   |   |   |   |   |   |   |   |   |   |
| Basic                  and diluted weighted average shares outstanding |   |                         | 67,717,019 |                        |   | 40,029,773                      |   |   | 52,270,826 |   |   | 33,478,825 |   |   |   |   |

----

|                                                                                                                               |   |                 |                           |              |   |                           |   |    |                           |         |   |                           |   |          |                           |          |   |                           |   | ACCUMULATED      |                           |   |   |
|----------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------|--------------------------------|-------------------|--------|--------------------------------|--------|---------|--------------------------------|--------------|--------|--------------------------------|--------|---------------|--------------------------------|---------------|--------|--------------------------------|--------|------------------|--------------------------------|--------|--------|
|                                                                                                                                         |   |                 |                           |              |   |                           |   |    |                           |         |   |                           |   | ADDITIONAL    |                           | STOCK         |   |                           |   | OTHER            |                           | TOTAL  |   |
|                                                                                                                                         |   | PREFERRED STOCK |                           | COMMON STOCK |   | SHARES IN ESCROW     |   | PAID-IN |                           | SUBSCRIPTION |   | ACCUMULATED                    |   | COMPREHENSIVE |                           | SHAREHOLDERS' |   |
|                                                                                                                                         |   | SHARES               |                           | PAR               |   | SHARES                         |   | PAR     |                           | SHARES       |   | PAR                            |   | CAPITAL       |                           | RECEIVABLE    |   | DEFICIT                        |   | GAIN (LOSS) |                           | EQUITY |   |
| Balance at inception, March                  1, 2006                                                                          |   |                 | -                              |              | $      | -                              |   |    | -                              |         | $      | -                              |   |          | -                              |          | $      | -                              |   | $                | -                              |   | $      | - |   | $ | - |   | $ | - |   | $ | - |   |
|                                                                                                                                         |   |                 |                           |              |   |                           |   |    |                           |         |   |                           |   |          |                           |          |   |                           |   |             |                           |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Founders                  stock issued for cash, $0.001 per share                                                                            |   |                 |                           |              |   |                           |   |    | 6,460,000                      |         |   | 646                            |   |          |                           |          |   |                           |   |             | 5,814                          |   |   | (3,060 | ) |   |   |   |   |   |   |   | 3,400 |   |
| Shares                  issued March 29, 2006 for $76,500 in services and $8,500 cash,                  at $0.01                  per share  |   |                 |                           |              |   |                           |   |    | 8,500,000                      |         |   | 850                            |   |          |                           |          |   |                           |   |             | 84,150                         |   |   |   |   |   |   |   |   |   |   |   | 85,000 |   |
| Stock                  sold through subscription agreements April through December 2006                  at $0.50                  per share |   |                 |                           |              |   |                           |   |    | 5,505,000                      |         |   | 551                            |   |          |                           |          |   |                           |   |             | 2,751,949                      |   |   |   |   |   |   |   |   |   |   |   | 2,752,500 |   |
| Stock                  issued through the exercise of warrants                                                                               |   |                 |                           |              |   |                           |   |    | 20,000                         |         |   | 2                              |   |          |                           |          |   |                           |   |             | 1,998                          |   |   |   |   |   |   |   |   |   |   |   | 2,000 |   |
| Stock                  warrants issued to employees                                                                                          |   |                 |                           |              |   |                           |   |    |                           |         |   |                           |   |          |                           |          |   |                           |   |             | 474                            |   |   |   |   |   |   |   |   |   |   |   | 474 |   |
| Stock                  warrants issued to consultants for advisory services                                                                  |   |                 |                           |              |   |                           |   |    |                           |         |   |                           |   |          |                           |          |   |                           |   |             | 197,113                        |   |   |   |   |   |   |   |   |   |   |   | 197,113 |   |
| Foreign                  currency translation loss                                                                                           |   |                 |                           |              |   |                           |   |    |                           |         |   |                           |   |          |                           |          |   |                           |   |             |                           |   |   |   |   |   |   |   |   | (2,651 | ) |   | (2,651 | ) |
| Net                  loss                                                                                                                    |   |                 |                           |              |   |                           |   |    |                           |         |   |                           |   |          |                           |          |   |                           |   |             |                           |   |   |   |   |   | (2,123,672 | ) |   |   |   |   | (2,123,672 | ) |
|                                                                                                                          |   |                 |                      |              |   |                      |   |    |                      |         |   |                      |   |          |                      |          |   |                      |   |             |                      |   |   |                      |   |   |  |   |   |                       |   |   |    |   |
| Balance,                  December 31, 2006                                                                                                  |   |                 | -                              |              | $      | -                              |   |    | 20,485,000                     |         | $      | 2,049                          |   |          | -                              |          | $      | -                              |   | $                | 3,041,498                      |   | $      | (3,060 | ) | $ | (2,123,672 | ) | $ | (2,651 | ) | $ | 914,164 |   |
|                                                                                                                                         |   |                 |                           |              |   |                           |   |    |                           |         |   |                           |   |          |                           |          |   |                           |   |             |                           |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock                  issued                                                                                                                |   |                 |                           |              |   |                           |   |    |                           |         |   |                           |   |          |                           |          |   |                           |   |             |                           |   |   |   |   |   |   |   |   |   |   |   |   |   |
| $0.10                  per share, conversion of warrants for cash                                                                            |   |                 |                           |              |   |                           |   |    | 450,000                        |         |   | 45                             |   |          |                           |          |   |                           |   |             | 44,955                         |   |   |   |   |   |   |   |   |   |   |   | 45,000 |   |
| $0.10                  per share, cashless conversion of warrants                                                                            |   |                 |                           |              |   |                           |   |    | 1,600,000                      |         |   | 160                            |   |          |                           |          |   |                           |   |             | (160                           | )      |   |   |   |   |   |   |   |   |   |   | - |   |
| $0.50                  per share, CEO for compensation                                                                                       |   |                 |                           |              |   |                           |   |    | 1,500,000                      |         |   | 150                            |   |          |                           |          |   |                           |   |             | 749,850                        |   |   |   |   |   |   |   |   |   |   |   | 750,000 |   |
| $0.50                  per share, for cash                                                                                                   |   |                 |                           |              |   |                           |   |    | 1,994,000                      |         |   | 199                            |   |          |                           |          |   |                           |   |             | 996,801                        |   |   | (210,000 | ) |   |   |   |   |   |   |   | 787,000 |   |
| $0.50                  per share, for consulting services                                                                                    |   |                 |                           |              |   |                           |   |    | 1,475,000                      |         |   | 148                            |   |          |                           |          |   |                           |   |             | 737,352                        |   |   |   |   |   |   |   |   |   |   |   | 737,500 |   |
| $0.50                  per share, for investment in Cuprum                                                                                   |   |                 |                           |              |   |                           |   |    | 4,000,000                      |         |   | 400                            |   |          | (2,666,667                     | )             |   | (267                           | )      |             | 666,533                        |   |   |   |   |   |   |   |   |   |   |   | 666,666 |   |
| $0.50                  per share, for conversion of notes                                                                                    |   |                 |                           |              |   |                           |   |    | 100,000                        |         |   | 10                             |   |          |                           |          |   |                           |   |             | 49,990                         |   |   |   |   |   |   |   |   |   |   |   | 50,000 |   |
| $0.013                  per share, for conversion of Xacord note                                                                             |   |                 |                           |              |   |                           |   |    | 7,925,000                      |         |   | 793                            |   |          |                           |          |   |                           |   |             | 105,278                        |   |   |   |   |   |   |   |   |   |   |   | 106,071 |   |
| Shares                  assumed pursuant to reverse merger                                                                                   |   |                 | 100                            |              |   |                           |   |    | 232,696                        |         |   | 23                             |   |          |                           |          |   |                           |   |             | (135,230                       | )      |   |   |   |   |   |   |   |   |   |   | (135,207 | ) |
| Repurchase                  preferred stock                                                                                                  |   |                 | (100                           | )                 |   |                           |   |    |                           |         |   |                           |   |          |                           |          |   |                           |   |             | (10,000                        | )      |   |   |   |   |   |   |   |   |   |   | (10,000 | ) |
| Warrants                  issued with convertible note                                                                                       |   |                 |                           |              |   |                           |   |    |                           |         |   |                           |   |          |                           |          |   |                           |   |             | 14,276                         |   |   |   |   |   |   |   |   |   |   |   | 14,276 |   |
| Proceeds                  on subscription receivable                                                                                         |   |                 |                           |              |   |                           |   |    |                           |         |   |                           |   |          |                           |          |   |                           |   |             |                           |   |   | 200 |   |   |   |   |   |   |   |   | 200 |   |
| Foreign                  currency translation gain                                                                                           |   |                 |                           |              |   |                           |   |    |                           |         |   |                           |   |          |                           |          |   |                           |   |             |                           |   |   |   |   |   |   |   |   | 5,413 |   |   | 5,413 |   |
| Net                  loss                                                                                                                    |   |                 |                           |              |   |                           |   |    |                           |         |   |                           |   |          |                           |          |   |                           |   |             |                           |   |   |   |   |   | (2,806,675 | ) |   |   |   |   | (2,806,675 | ) |
|                                                                                                                                    |   |                 |                      |              |   |                      |   |    |                      |         |   |                      |   |          |                                |          |   |                                |   |             |                                |   |   |  |   |   |  |   |   |    |   |   |    |   |
| Balance,                  June 30, 2007, unaudited                                                                                           |   |                 | -                              |              |   | -                              |   |    | 39,761,696                     |         |   | 3,977                          |   |          | (2,666,667                     | )             |   | (267                           | )      |             | 6,261,143                      |   |   | (212,860 | ) |   | (4,930,347 | ) |   | 2,762 |   |   | 1,124,408 |   |
|                                                                                                                                         |   |                 |                           |              |   |                           |   |    |                           |         |   |                           |   |          |                           |          |   |                           |   |             |                           |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Proceeds                  on subscription receivable                                                                                         |   |                 |                           |              |   |                           |   |    |                           |         |   |                           |   |          |                           |          |   |                           |   |             |                           |   |   | 1,300 |   |   |   |   |   |   |   |   | 1,300 |   |
| Stock                  issued                                                                                                                |   |                 |                           |              |   |                           |   |    |                           |         |   |                           |   |          |                           |          |   |                           |   |             |                           |   |   |   |   |   |   |   |   |   |   |   |   |   |
| $0.50                  per share, for cash                                                                                                   |   |                 |                           |              |   |                           |   |    | 1,320,000                      |         |   | 132                            |   |          |                           |          |   |                           |   |             | 659,868                        |   |   | 210,000 |   |   |   |   |   |   |   |   | 870,000 |   |
| $0.50                  per share, for consulting services                                                                                    |   |                 |                           |              |   |                           |   |    | 824,000                        |         |   | 82                             |   |          |                           |          |   |                           |   |             | 411,918                        |   |   |   |   |   |   |   |   |   |   |   | 412,000 |   |
| $0.50                  per share, for loan issuance cost                                                                                     |   |                 |                           |              |   |                           |   |    | 700,000                        |         |   | 70                             |   |          |                           |          |   |                           |   |             | 349,930                        |   |   |   |   |   |   |   |   |   |   |   | 350,000 |   |
| Warrants                  issued with convertible note                                                                                       |   |                 |                           |              |   |                           |   |    |                           |         |   |                           |   |          |                           |          |   |                           |   |             | 53,151                         |   |   |   |   |   |   |   |   |   |   |   | 53,151 |   |
| Special                  warrants issued                                                                                                     |   |                 |                           |              |   |                           |   |    |                           |         |   |                           |   |          |                           |          |   |                           |   |             |                           |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Issued                  for cash                                                                                                             |   |                 |                           |              |   |                           |   |    |                           |         |   |                           |   |          |                           |          |   |                           |   |             | 2,230,000                      |   |   |   |   |   |   |   |   |   |   |   | 2,230,000 |   |
| Issued                  with convertible promissory note                                                                                     |   |                 |                           |              |   |                           |   |    |                           |         |   |                           |   |          |                           |          |   |                           |   |             | 500,000                        |   |   |   |   |   |   |   |   |   |   |   | 500,000 |   |
| Preferred                  stock issued for compensation expense                                                                             |   |                 | 100                            |              |   | -                              |   |    |                           |         |   |                           |   |          |                           |          |   |                           |   |             | 10,000                         |   |   |   |   |   |   |   |   |   |   |   | 10,000 |   |
| Stock                  compensation expense                                                                                                  |   |                 |                           |              |   |                           |   |    |                           |         |   |                           |   |          |                           |          |   |                           |   |             | 594,370                        |   |   |   |   |   |   |   |   |   |   |   | 594,370 |   |
| Foreign                  currency translation gain                                                                                           |   |                 |                           |              |   |                           |   |    |                           |         |   |                           |   |          |                           |          |   |                           |   |             |                           |   |   |   |   |   |   |   |   | 22,404 |   |   | 22,404 |   |
| Net                  loss                                                                                                                    |   |                 |                           |              |   |                           |   |    |                           |         |   |                           |   |          |                           |          |   |                           |   |             |                           |   |   |   |   |   | (2,981,689 | ) |   |   |   |   | (2,981,689 | ) |
|                                                                                                                                         |   |                 |                      |              |   |                      |   |    |                      |         |   |                      |   |          |                      |          |   |                      |   |             |                      |   |   |    |   |   |    |   |   |    |   |   |     |   |
| Balance,                  December 31, 2007                                                                                                  |   |                 | 100                            |              | $      | -                              |   |    | 42,605,696                     |         | $      | 4,261                          |   |          | (2,666,667                     | )             | $      | (267                           | )      | $                | 11,070,380                     |   | $      | (1,560 | ) | $ | (7,912,036 | ) | $ | 25,166 |   | $ | 3,185,944 |   |
|                                                                                                                                         |   |                 |                           |              |   |                           |   |    |                           |         |   |                           |   |          |                           |          |   |                           |   |             |                           |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock                  issued                                                                                                                |   |                 |                           |              |   |                           |   |    |                           |         |   |                           |   |          |                           |          |   |                           |   |             |                           |   |   |   |   |   |   |   |   |   |   |   |   |   |
| $0.46                  per share, for cash                                                                                                   |   |                 |                           |              |   |                           |   |    | 21,789,566                     |         |   | 2,179                          |   |          |                           |          |   |                           |   |             | 9,771,021                      |   |   |   |   |   |   |   |   |   |   |   | 9,773,200 |   |
| $0.46                  per share, for consulting services                                                                                    |   |                 |                           |              |   |                           |   |    | 650,000                        |         |   | 65                             |   |          |                           |          |   |                           |   |             | 298,935                        |   |   |   |   |   |   |   |   |   |   |   | 299,000 |   |
| $0.46                  per share, for services                                                                                               |   |                 |                           |              |   |                           |   |    | 376,000                        |         |   | 38                             |   |          |                           |          |   |                           |   |             | 187,962                        |   |   |   |   |   |   |   |   |   |   |   | 188,000 |   |
| Special                  warrants converted to stock                                                                                         |   |                 |                           |              |   |                           |   |    | 2,015,000                      |         |   | 200                            |   |          |                           |          |   |                           |   |             | (200                           | )      |   |   |   |   |   |   |   |   |   |   | - |   |
| Release                  of escrow shares                                                                                                    |   |                 |                           |              |   |                           |   |    |                           |         |   |                           |   |          | 1,333,334                      |          |   | 133                            |   |             | 666,534                        |   |   |   |   |   |   |   |   |   |   |   | 666,667 |   |
| Shares                  issued to extend convertible note                                                                                    |   |                 |                           |              |   |                           |   |    | 250,000                        |         |   | 25                             |   |          |                           |          |   |                           |   |             | 124,975                        |   |   |   |   |   |   |   |   |   |   |   | 125,000 |   |
| Shares                  issued as employee compensation                                                                                      |   |                 |                           |              |   |                           |   |    | 5,216,666                      |         |   | 522                            |   |          |                           |          |   |                           |   |             | 2,581,144                      |   |   |   |   |   |   |   |   |   |   |   | 2,581,666 |   |
| Special                  warrants issued                                                                                                     |   |                 |                           |              |   |                           |   |    |                           |         |   |                           |   |          |                           |          |   |                           |   |             |                           |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Issued                  for cash                                                                                                             |   |                 |                           |              |   |                           |   |    |                           |         |   |                           |   |          |                           |          |   |                           |   |             | 77,500                         |   |   |   |   |   |   |   |   |   |   |   | 77,500 |   |
| Stock                  compensation expense                                                                                                  |   |                 |                           |              |   |                           |   |    |                           |         |   |                           |   |          |                           |          |   |                           |   |             | 947,536                        |   |   |   |   |   |   |   |   |   |   |   | 947,536 |   |
| Stock                  option expense                                                                                                        |   |                 |                           |              |   |                           |   |    |                           |         |   |                           |   |          |                           |          |   |                           |   |             | 50,870                         |   |   |   |   |   |   |   |   |   |   |   | 50,870 |   |
| Warrants                  issued for services                                                                                                |   |                 |                           |              |   |                           |   |    |                           |         |   |                           |   |          |                           |          |   |                           |   |             | 29,668                         |   |   |   |   |   |   |   |   |   |   |   | 29,668 |   |
| Foreign                  currency translation gain                                                                                           |   |                 |                           |              |   |                           |   |    |                           |         |   |                           |   |          |                           |          |   |                           |   |             |                           |   |   |   |   |   |   |   |   | 33,425 |   |   | 33,425 |   |
| Net                  loss                                                                                                                    |   |                 |                           |              |   |                           |   |    |                           |         |   |                           |   |          |                           |          |   |                           |   |             |                           |   |   |   |   |   | (6,843,680 | ) |   |   |   |   | (6,843,680 | ) |
|                                                                                                                                    |   |                 |                           |              |   |                           |   |    |                           |         |   |                           |   |          |                           |          |   |                           |   |             |                           |   |   |   |   |   |   |   |   |   |   |   |    |   |
| Balance,                  September 30, 2008, unaudited                                                                                      |   |                 | 100                            |              | $      | -                              |   |    | 72,902,928                     |         | $      | 7,290                          |   |          | (1,333,333                     | )             | $      | (134                           | )      | $                | 25,806,325                     |   | $      | (1,560 | ) | $ | (14,755,716 | ) | $ | 58,591 |   | $ | 11,114,796 |   |

----

|                                                                                                |   |                        |       | From inception        |   |
|---------------------------------------------------------------------------------------------------------------|--------|-----------------------------|------------|----------------------------|--------|
|                                                                                                          |   | Nine months ended |       | (March 1, 2006)  |   |
|                                                                                                          |   | September 30,          |       | to September 30, |   |
|                                                                                                          |   | 2008                        |       | 2007                       |   | 2008 |   |
|                                                                                                          |   |                        |       |                       |   |   |   |
| CASH                  FLOWS FROM OPERATING ACTIVITIES:                                                        |   |                        |       |                       |   |   |   |
| Net                  loss                                                                                     |   | $                           | (6,843,680 | )                          | $      | (3,830,898 | ) | $ | (14,755,716 | ) |
| Adjustments                  to reconcile net loss to net cash used in operating                  activities: |   |                        |       |                       |   |   |   |   |   |   |
| Depreciation                                                                                                  |   |                        | 43,221     |                       |   | 7,488 |   |   | 52,568 |   |
| Bad                  debt expense                                                                             |   |                        | -          |                       |   | - |   |   | 80,000 |   |
| Warrants                  issued for services                                                                 |   |                        | 29,668     |                       |   | - |   |   | 227,255 |   |
| Amortization                  of debt discount                                                                |   |                        | -          |                       |   | 16,671 |   |   | 31,641 |   |
| Amortization                  of loan issuance cost                                                           |   |                        | 303,615    |                       |   | 144,083 |   |   | 509,787 |   |
| Common                  stock issued for advisory services                                                    |   |                        | 487,000    |                       |   | 1,605,479 |   |   | 2,393,479 |   |
| Stock                  option expense                                                                         |   |                        | 998,406    |                       |   | - |   |   | 1,592,776 |   |
| Common                  stock issued for notes                                                                |   |                        | 125,000    |                       |   | - |   |   | 125,000 |   |
| Common                  stock issued for employee compensation                                                |   |                        | 2,581,666  |                       |   | - |   |   | 2,581,666 |   |
| Preferred                  stock issued for employee compensation                                             |   |                        | -          |                       |   | - |   |   | 10,000 |   |
| Loss                  on currency exchange                                                                    |   |                        | -          |                       |   | 11,080 |   |   | 11,080 |   |
| Change                  in operating assets and liabilities:                                                  |   |                        |       |                       |   |   |   |   |   |   |
| Prepaid                  expense                                                                              |   |                        | 31,987     |                       |   | - |   |   | 31,987 |   |
| Other                  assets                                                                                 |   |                        | (21,000    | )                          |   | - |   |   | (21,000 | ) |
| Accrued                  liabilities                                                                          |   |                        | (54,538    | )                          |   | (35,550 | ) |   | 471,766 |   |
| Liquidated                  damages payable                                                                   |   |                        | 265,650    |                       |   | - |   |   | 265,650 |   |
| Net                  cash used in operating activities                                                        |   |                        | (2,053,005 | )                          |   | (2,081,647 | ) |   | (6,392,061 | ) |
|                                                                                                          |   |                        |       |                       |   |   |   |   |   |   |
| CASH                  FLOWS FROM INVESTING ACTIVITIES:                                                        |   |                        |       |                       |   |   |   |   |   |   |
| Equipment                  purchase                                                                           |   |                        | (30,210    | )                          |   | (4,166 | ) |   | (76,698 | ) |
| Long                  term investment                                                                         |   |                        | (2,820,915 | )                          |   | (1,544,189 | ) |   | (4,874,529 | ) |
| Advances                  for notes receivable                                                                |   |                        | -          |                       |   | (80,000 | ) |   | (80,000 | ) |
| Net                  cash used in investing activities                                                        |   |                        | (2,851,125 | )                          |   | (1,628,355 | ) |   | (5,031,227 | ) |
|                                                                                                          |   |                        |       |                       |   |   |   |   |   |   |
| CASH                  FLOWS FROM FINANCING ACTIVITIES:                                                        |   |                        |       |                       |   |   |   |   |   |   |
| Proceeds                  from sale of common stock                                                           |   |                        | 10,023,200 |                       |   | 1,632,000 |   |   | 14,444,600 |   |
| Proceeds                  from special warrants                                                               |   |                        | 77,500     |                       |   | 2,068,920 |   |   | 2,298,420 |   |
| Proceeds                  from exercise of warrants                                                           |   |                        | -          |                       |   | 45,000 |   |   | 45,000 |   |
| Payment                  of note issuance cost                                                                |   |                        | -          |                       |   | (74,000 | ) |   | (74,000 | ) |
| Payment                  on notes payables                                                                    |   |                        | (2,300,000 | )                          |   | (25,000 | ) |   | (2,625,000 | ) |
| Payment                  on equity transactions                                                               |   |                        | (250,000   | )                          |   | - |   |   | (250,000 | ) |
| Proceeds                  from short term loan                                                                |   |                        | 75,868     |                       |   | - |   |   | 75,868 |   |
| Proceeds                  from notes payable                                                                  |   |                        | 2,000,000  |                       |   | 1,105,000 |   |   | 3,105,000 |   |
| Proceeds                  from subscription receivable                                                        |   |                        | -          |                       |   | 1,500 |   |   | 1,500 |   |
| Payment                  to repurchase preferred stock                                                        |   |                        | -          |                       |   | (10,000 | ) |   | (10,000 | ) |
| Net                  cash provided by financing activities                                                    |   |                        | 9,626,568  |                       |   | 4,743,420 |   |   | 17,011,388 |   |
|                                                                                                          |   |                        |       |                       |   |   |   |   |   |   |
| EFFECT                  OF EXCHANGE RATE CHANGES ON CASH                                                      |   |                        | 18,085     |                       |   | 9,933 |   |   | 30,539 |   |
|                                                                                                          |   |                        |       |                       |   |   |   |   |   |   |
| NET                  INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS                                         |   |                        | 4,740,523  |                       |   | 1,043,351 |   |   | 5,618,639 |   |
|                                                                                                          |   |                        |       |                       |   |   |   |   |   |   |
| CASH                  AND CASH EQUIVALENTS, beginning of the period                                           |   |                        | 878,116    |                       |   | 1,047,877 |   |   | - |   |
|                                                                                                          |   |                        |       |                       |   |   |   |   |   |   |
| CASH                  AND CASH EQUIVALENTS, end of period                                                     |   | $                           | 5,618,639  |                       | $      | 2,091,228 |   | $ | 5,618,639 |   |
|                                                                                                          |   |                        |       |                       |   |   |   |   |   |   |
| SUPPLEMENTAL                  DISCLOSURES:                                                                    |   |                        |       |                       |   |   |   |   |   |   |
| Interest                  paid                                                                                |   | $                           | -          |                       | $      | 66,024 |   | $ | 66,024 |   |
| Income                  taxes paid                                                                            |   | $                           | -          |                       | $      | - |   | $ | - |   |
| Net                  liabilities assumed in reverse acquisition                                               |   | $                           | -          |                       | $      | 135,207 |   | $ | 135,207 |   |
| Conversion                  of notes and interest for common stock                                            |   | $                           | -          |                       | $      | 106,071 |   | $ | 106,071 |   |
| Issuance                  of founders stock for subscription receivable                                       |   | $                           | -          |                       | $      | - |   | $ | 14,960 |   |
| Shares                  issued for exploration and development of investment                                  |   | $                           | 666,666    |                       | $      | 666,666 |   | $ | 1,333,332 |   |
| Common                  stock issued to prepay for consulting services                                        |   | $                           | -          |                       | $      | - |   | $ | 69,521 |   |
| Special                  warrants issued for repayment of convertible promissory                  note        |   | $                           | -          |                       | $      | 500,000 |   | $ | 500,000 |   |
| Warrants                  issued for discount on debt                                                         |   | $                           | -          |                       | $      | - |   | $ | 31,641 |   |
| Warrants                  issued for loan issuance costs                                                      |   | $                           | -          |                       | $      | 31,641 |   | $ | 35,786 |   |
| Common                  stock issued for loan issuance cost                                                   |   | $                           | 240,090    |                       | $      | 100,000 |   | $ | 446,262 |   |

----

**DOMINION        MINERALS CORP. AND SUBSIDIARIES**

**(FORMERLY        EMPIRE MINERALS CORP.)**

**(AN        EXPLORATION COMPANY)**

**NOTES        TO CONSOLIDATED FINANCIAL STATEMENTS**

**SEPTEMBER        30, 2008**

**(UNAUDITED)**

| 1. | Nature                  of Business and Significant Accounting                  Policies |
|----|------------------------------------------------------------------------------------------|

|   | a. | Nature                  of business –                  Dominion Minerals Corp. (“Company”) (formerly Empire Minerals Corp.) was                  incorporated January 4, 1996, under the laws of the state of Delaware.                  The                  Company is engaged in the exploration of precious and base metals                  including gold and copper. All potential properties currently under                  exploration are located in the People’s Republic of China (“PRC” or                  “China”) and the Republic of Panama                  (“Panama”). |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | b. | Basis                  of presentation –                  The accompanying consolidated financial statements have been prepared                  in                  accordance with accounting principles generally accepted in the                  United                  States of America. The consolidated financial statements include                  the                  financial statements of the Company, its wholly-owned subsidiaries                  Empire                  Minerals Corp., 50% owned Zhaoyuan Dongxing Gold Mining Co., Ltd.                  (“Dongxing”), and 70% owned Empire (Tianjin) Resources Co., Ltd.                  (“Tianjin”) (together the “Subsidiaries”). All significant inter-company                  transactions and balances have been eliminated in consolidation.                  Minority                  interest has not been presented on the consolidated balance sheet                  because                  accumulated losses have exceeded the minority shareholders’ equity. In                  accordance with APB No. 18, *The                  Equity Method of Accounting for Investments in Common                  Stock*,                  the minority interest has been written down to zero on the accompanying                  consolidated balance sheet. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**DOMINION        MINERALS CORP. AND SUBSIDIARIES**

**(FORMERLY        EMPIRE MINERALS CORP.)**

**(AN        EXPLORATION COMPANY)**

**NOTES        TO CONSOLIDATED FINANCIAL STATEMENTS**

**SEPTEMBER        30, 2008**

**(UNAUDITED)**

|   | c. | Use                  of estimates –                  The preparation of financial statements in conformity with accounting                  principles generally accepted in the United States of America requires                  management to make estimates and assumptions that affect certain                  reported                  amounts and disclosures. The significant estimates made in the                  preparation                  of the Company’s consolidated financial statements relate to the fair                  value of warrants and stock issued for services as well as various                  accruals. For example, the Company calculates the fair value of                  the                  options granted based on various assumptions. Accordingly, the                  actual                  results could materially differ from those                  estimates. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | d. | Fair                  value of financial instruments –                  On January 1, 2008, the Company adopted Statement of Financial                  Accounting                  Standards (“SFAS”) No. 157, *Fair                  Value Measurements*.                  SFAS No. 157 defines fair value, establishes a three-level valuation                  hierarchy for disclosures of fair value measurement and enhances                  disclosures requirements for fair value measures. The carrying                  amounts                  reported in the accompanying consolidated balance sheet for current                  assets                  and current liabilities qualify as financial instruments are a                  reasonable                  estimate of fair value because of the short period of time between                  the                  origination of such instruments and their expected realization                  and their                  current market rate of interest. The three levels are defined as                  follows: |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Level                  1 inputs to the valuation methodology are quoted prices (unadjusted)                  for                  identical assets or liabilities in active                  markets. |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Level                  2 inputs to the valuation methodology include quoted prices for                  similar                  assets and liabilities in active markets, and inputs that are observable                  for the assets or liabilities, either directly or indirectly, for                  substantially the full term of the financial                  instruments. |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Level                  3 inputs to the valuation methodology are unobservable and significant                  to                  the fair value. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------|

*The        Fair Value Option for Financial Assets and Financial Liabilities—including an        amendment of FASB Statement No. 115*

----

**DOMINION        MINERALS CORP. AND SUBSIDIARIES**

**(FORMERLY        EMPIRE MINERALS CORP.)**

**(AN        EXPLORATION COMPANY)**

**NOTES        TO CONSOLIDATED FINANCIAL STATEMENTS**

**SEPTEMBER        30, 2008**

**(UNAUDITED)**

|   | e. | Cash                  and cash equivalents –                  For purposes of the statements of cash flows, the Company defines                  cash                  equivalents as all highly liquid debt instruments purchased with                  original                  maturities of three months or less. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | f. | Advances –                  From time to time, the Company advances funds to its consultants                  and                  business partners to further the Company’s business plans. Management                  monitors these advances to ensure appropriate progress is made                  pursuant to                  the funding terms. Additionally, management evaluates the collectibility                  of these monies and records reserves if collections are in doubt. |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | g. | Concentration                  of risk –                  Financial instruments, which potentially subject the Company to                  concentrations of credit risk, consist of cash and cash equivalents.                  The                  Company maintains cash deposits in financial institutions that                  exceed the                  amounts insured by the U.S. government. Balances at financial institutions                  or state-owned banks within the PRC are not covered by insurance.                  Non-performance by these institutions could expose the Company                  to losses                  for amounts in excess of insured balances. The Company has limited                  experience as it is an exploration stage company but does not anticipate                  incurring any losses related to this credit risk. As of September                  30,                  2008, the Company’s bank balances exceeded government-insured limits by                  $5,426,145. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | h. | Net                  loss per share –                  In accordance with SFAS No. 128 (“SFAS 128”), *Earnings                  Per Share,*an                  basic earnings/loss per common share (“EPS”) is computed by dividing net                  loss for the period by the weighted average number of common shares                  outstanding during the period. Under SFAS 128, diluted earnings/loss                  per                  share is computed similar to basic loss per share except that the                  denominator is increased to include the number of additional common                  shares                  that would have been outstanding if the potential common shares                  had been                  issued and dilutive. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**DOMINION        MINERALS CORP. AND SUBSIDIARIES**

**(FORMERLY        EMPIRE MINERALS CORP.)**

**(AN        EXPLORATION COMPANY)**

**NOTES        TO CONSOLIDATED FINANCIAL STATEMENTS**

**SEPTEMBER        30, 2008**

**(UNAUDITED)**

| Three                  months ended September 30,                    |   |   | 2008       |   |   | 2007       |   |
|----------------------------------------------------------------------|--------|--------|------------|--------|--------|------------|--------|
| Net                  loss                                            |   | $      | 1,869,927  |   | $      | 1,024,223  |   |
|                                                                 |   |   |       |   |   |       |   |
| Weighted                  average shares used in basic computation   |   |   | 67,717,019 |   |   | 40,029,773 |   |
| Diluted                  effect of stock options, warrants           |   |   | -          |   |   | -          |   |
| Weighted                  average shares used in diluted computation |   |   | 67,717,019 |   |   | 40,029,773 |   |
|                                                                 |   |   |       |   |   |       |   |
| Losses                  per share:                                   |   |   |       |   |   |       |   |
| Basic                                                                |   | $      | 0.03       |   | $      | 0.03       |   |
| Diluted                                                              |   | $      | 0.03       |   | $      | 0.03       |   |

| Nine                    months ended September 30,                     |   |   | 2008       |   |   | 2007       |   |
|------------------------------------------------------------------------|--------|--------|------------|--------|--------|------------|--------|
| Net                    loss                                            |   | $      | 6,843,680  |   | $      | 3,830,898  |   |
|                                                                   |   |   |       |   |   |       |   |
| Weighted                    average shares used in basic computation   |   |   | 52,270,826 |   |   | 33,478,825 |   |
| Diluted                    effect of stock options and warrants        |   |   | -          |   |   | -          |   |
| Weighted                    average shares used in diluted computation |   |   | 52,270,826 |   |   | 33,478,825 |   |
|                                                                   |   |   |       |   |   |       |   |
| Losses                    per share:                                   |   |   |       |   |   |       |   |
| Basic                                                                  |   | $      | 0.13       |   | $      | 0.11       |   |
| Diluted                                                                |   | $      | 0.13       |   | $      | 0.11       |   |

|   | i. | Income                  Taxes –                  The Company provides for income taxes under SFAS No. 109 (“SFAS 109”),                  *Accounting                  for Income Taxes,*                  which requires the recognition of deferred tax assets and liabilities                  for                  the expected future tax consequences of temporary differences between                  the                  carrying amounts and the tax bases of assets and liabilities using                  the                  enacted income tax rate expected to apply to taxable income in                  the period                  in which the deferred tax assets or liabilities are expected to                  be settled                  or realized. SFAS 109 requires that a valuation allowance be established                  if necessary, to reduce the deferred tax assets to the amount that                  management believes is more likely than not to be realized. The                  provision                  for federal income tax differs from that computed amount by applying                  federal statutory rates to income before federal income tax expense                  mainly                  due to expenses that are not deductible and income that is not                  taxable for                  federal income taxes, including permanent differences such as                  non-deductible meals and                  entertainment. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**DOMINION        MINERALS CORP. AND SUBSIDIARIES**

**(FORMERLY        EMPIRE MINERALS CORP.)**

**(AN        EXPLORATION COMPANY)**

**NOTES        TO CONSOLIDATED FINANCIAL STATEMENTS**

**SEPTEMBER        30, 2008**

**(UNAUDITED)**

*Accounting        for Uncertainty in Income Taxes*

|   | j. | Stock-based                  compensation  –                  For stock, options and warrants issued to service providers, employees                  and                  founders, the Company follows SFAS No. 123(R), *Share-Based                  Payment,*and                  EITF 96-18,*Accounting for Equity Instruments That Are Issued to Other Than                  Employees                  for Acquiring, or in Conjunction with Selling, Goods or                  Services,*                  which requires recording the options and warrants at the fair value                  of the                  service provided and expensing over the related service                  period. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | k. | Recently                  issued accounting pronouncements  |
|--------|----|------------------------------------------------------------------|

*Noncontrolling        Interests in Consolidated Financial Statements - an amendment of Accounting        Research Bulletin No. 51*

*Business        Combinations*
*Business        Combinations*

----

**DOMINION        MINERALS CORP. AND SUBSIDIARIES**

**(FORMERLY        EMPIRE MINERALS CORP.)**

**(AN        EXPLORATION COMPANY)**

**NOTES        TO CONSOLIDATED FINANCIAL STATEMENTS**

**SEPTEMBER        30, 2008**

**(UNAUDITED)**

*Application        of FASB Statement No. 157 to FASB Statement No. 13 and Other Accounting        Pronouncements That Address Fair Value Measurements for Purposes of Lease        Classification or Measurement under Statement 13*
*Accounting        for Leases*

*Effective        Date of FASB Statement No. 157*

*Disclosures        about Derivative Instruments and Hedging Activities – an amendment of FASB        Statement No. 133*

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**DOMINION        MINERALS CORP. AND SUBSIDIARIES**

**(FORMERLY        EMPIRE MINERALS CORP.)**

**(AN        EXPLORATION COMPANY)**

**NOTES        TO CONSOLIDATED FINANCIAL STATEMENTS**

**SEPTEMBER        30, 2008**

**(UNAUDITED)**

*The        Hierarchy of Generally Accepted Accounting Principles*

*Accounting        for Financial Guarantee Insurance Contracts, an interpretation of FASB Statement        No. 60*
*Accounting        for Derivative Instruments and Hedging Activities*

*Accounting        for Convertible Debt Instruments That May Be Settled in Cash upon Conversion        (Including Partial Cash Settlement).*
*Accounting        for Convertible Debt and Debt Issued with Stock Purchase        Warrants*

*Determining        whether an Instrument (or Embedded Feature) is indexed to an Entity’s Own        Stock*
*Accounting        for Derivatives and Hedging Activities,*

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**DOMINION        MINERALS CORP. AND SUBSIDIARIES**

**(FORMERLY        EMPIRE MINERALS CORP.)**

**(AN        EXPLORATION COMPANY)**

**NOTES        TO CONSOLIDATED FINANCIAL STATEMENTS**

**SEPTEMBER        30, 2008**

**(UNAUDITED)**

*Transition        Guidance for Conforming Changes to Issue No. 98-5*
*Accounting        for Convertible Securities with Beneficial Conversion Features or Contingently        Adjustable Conversion Ratios*
*Application        of Issue No. 98-5 to Certain Convertible Instruments*
*Accounting        for Certain Financial Instruments with Characteristics of both Liabilities        and        Equity*

*Determining        the Fair Value of a Financial Asset When the Market for That Asset Is Not        Active*

|   | l. | Property                  and equipment –                  Property and equipment is stated at cost and is depreciated using                  the                  straight-line method over their estimated useful lives. Major renewals                  are                  charged to the property and equipment accounts while replacements,                  maintenance and repairs, which do not improve or extend the respective                  lives of the assets, are expensed currently. The estimated useful                  lives of                  property and equipment are as                  follows: |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                   |   | Useful lives |                     |
|----------------------------------------|--------|-------------------|--------------------------|
| Exploration                  equipment |   |              | 5                  years |   |
| Office                  equipment      |   |              | 5                  years |   |
| Vehicles                               |   |              | 5                  years |   |

|   | m. | Impairment                  for long lived assets –                  SFAS No. 144 (“SFAS 144”), *Accounting                  for the Impairment or Disposal of Long−Lived Assets*                  requires that long−lived assets to be disposed of by sale, including those                  of discontinued operations, be measured at the lower of carrying                  amount or                  fair value, less cost to sell, whether reported in continuing operations                  or in discontinued operations. SFAS 144 broadens the reporting                  of                  discontinued operations to include all components of an entity                  with                  operations that can be distinguished from the rest of the entity                  and that                  will be eliminated from the ongoing operations of the entity in                  a disposal                  transaction. SFAS 144 also establishes a "primary−asset" approach to                  determine the cash flow estimation period for a group of assets                  and                  liabilities that represents the unit of accounting for a long−lived asset                  to be held and used. The Company determined that no impairment                  issues                  exist as of September 30, 2008. |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | n. | Foreign                  currency translation –                  The reporting currency of the Company is the US dollar. Dongxing                  and                  Tianjin use their local currency, the Chinese Renminbi (“RMB”), as their                  functional currency. Results of operations and cash flows are translated                  at average exchange rates during the period, assets and liabilities                  are                  translated at the unified exchange rate as quoted by the People’s Bank of                  China at the end of the period, and equity is translated at the                  historical                  exchange rates. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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**DOMINION        MINERALS CORP. AND SUBSIDIARIES**

**(FORMERLY        EMPIRE MINERALS CORP.)**

**(AN        EXPLORATION COMPANY)**

**NOTES        TO CONSOLIDATED FINANCIAL STATEMENTS**

**SEPTEMBER        30, 2008**

**(UNAUDITED)**

|   | Translation                  adjustments amounted to $58,591 gain as of September 30, 2008.                  Asset and                  liability accounts at September 30, 2008, were translated at 6.84                  RMB to                  $1.00. Equity accounts were stated at their historical rate. The                  average                  translation rates applied to income statement accounts and cash                  flows for                  the nine months ended September 30, 2008 and 2007, and from inception                  (March 1, 2006) to September 30, 2008 were 6.97 RMB, 7.65 RMB and                  7.51 RMB                  to $1.00, respectively. In accordance with SFAS No. 95, *Statement                  of Cash Flows*,                  cash flows from the Company's operations is calculated based upon                  the                  local currencies using the average translation rates. Because cash                  flows                  are translated at average translation rates for the period, amounts                  reported on the consolidated statements of cash flows will not                  necessarily                  agree with changes in the corresponding balances on the consolidated                  balance sheet. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2. | Going                  Concern  |
|----|--------------------------------------|

| 3. | Property                  and Equipment |
|----|-----------------------------------------|

|                                            |   | September 30, 2008 |   | December 31, 2007 |   |
|-------------------------------------------------|--------|------------------------------|--------|-----------------------------|--------|
| Exploration                  equipment          |   | $                            | -      |                        | $      | 17,110 |   |
| Office                  equipment               |   |                         | 28,727 |                        |   | 4,843 |   |
| Vehicles                                        |   |                         | -      |                        |   | 28,352 |   |
| Total                                           |   |                         | 28,727 |                        |   | 50,305 |   |
| Less:                  accumulated depreciation |   |                         | 994    |                        |   | 9,588 |   |
| Property                  and equipment, net    |   | $                            | 27,733 |                        | $      | 40,717 |   |

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**DOMINION        MINERALS CORP. AND SUBSIDIARIES**

**(FORMERLY        EMPIRE MINERALS CORP.)**

**(AN        EXPLORATION COMPANY)**

**NOTES        TO CONSOLIDATED FINANCIAL STATEMENTS**

**SEPTEMBER        30, 2008**

**(UNAUDITED)**

| 4. | Long                  term investment |
|----|---------------------------------------|

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**DOMINION        MINERALS CORP. AND SUBSIDIARIES**

**(FORMERLY        EMPIRE MINERALS CORP.)**

**(AN        EXPLORATION COMPANY)**

**NOTES        TO CONSOLIDATED FINANCIAL STATEMENTS**

**SEPTEMBER        30, 2008**

**(UNAUDITED)**

| 5. | Convertible                  Note Payable and Short Term                  Loan |
|----|--------------------------------------------------------------------------------|

|   | a. | In                  February 2001, the Company executed a Promissory Note (“Promissory Note”)                  in the amount of $100,000 to Jay N. Goldberg (“Holder”). The Promissory                  Note accrues 12% interest per annum and in the event of a default                  begins                  to accrue interest at 20% annum. The principal plus all accrued                  and unpaid                  interest is payable in cash or at the option of the Holder, is                  convertible                  into shares of common stock of the Company (“conversion”) on the Maturity                  Date. The original maturity date of the Promissory Note was March                  16,                  2001. The Promissory Note also called for the issuance of a warrant                  to                  purchase 50,000 shares of the Company’s common stock at $0.25 for a term                  of 5 years. In May 2001, the Company and the Holder executed an                  Allonge                  and Amendment to Promissory Note, amending the Maturity Date to                  December                  31, 2001. In November 2004, the Holder executed an “Assignment and                  Endorsement of Note” and assigned all of the Holder’s right, title and                  interest in and to the Promissory Note, to Securities Acquisition                  New                  York, LLC (“SANY”). From October 2004 to June 2006, SANY converted $32,300                  of principal into 323,000,000 pre-split shares of common stock.                  On October                  26, 2006, SANY executed an “Agreement of Assignment of Note” and assigned                  all of the Holder’s right, title and interest in and to the Promissory                  Note to West Greenwood Foundation (“WGF”). On the date of assignment, the                  principal balance was $67,700 and the amount of accrued interest                  was                  $28,170. For the year ended December 31, 2007, the Company recorded                  interest expense in the amount of $3,385 in the accompanying consolidated                  statement of operations. On April 1, 2007, WGF and various entities                  and                  individuals, which simultaneously purchased an interest in the                  total note                  from WGF, converted the total balance of $106,071 ($67,700 principal                  and                  $38,371 interest) to 7,925,000 shares, representing a conversion                  rate of                  approximately $0.013 per share, and the Promissory Note was canceled.                  There was no relationship between SANY, WGF and the Company prior                  to the                  note assignments. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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**DOMINION        MINERALS CORP. AND SUBSIDIARIES**

**(FORMERLY        EMPIRE MINERALS CORP.)**

**(AN        EXPLORATION COMPANY)**

**NOTES        TO CONSOLIDATED FINANCIAL STATEMENTS**

**SEPTEMBER        30, 2008**

**(UNAUDITED)**

|   | b. | On                  June 25, 2007, the Company executed a Convertible Promissory Note                  (“Convertible Promissory Note”) in the amount of $300,000. The Convertible                  Promissory Note was payable in 90 days, bearing a total of $26,000                  interest during the term of the note. The Company also incurred                  additional                  fees associated with the Convertible Promissory Note in the amount                  of                  $34,000 and warrants to purchase 300,000 shares of the Company’s common                  stock at an exercise price of $1.00 for a two-year term. This note is                  secured by 600,000 shares of the Company’s common stock, and the Company’s                  interest in income generated from the operations and sales of certain                  identified exploration / mining leases in Panama and PRC. The Holder                  of                  the Convertible Promissory Note may at any time convert the principal                  amount for shares of the Company’s common stock at a rate of $1.00 per                  share. On September 19, 2007, the Company and the Holder executed                  an                  Amendment to the note. Pursuant to the amended agreement, the maturity                  date was extended to December 15, 2007. In addition, the warrant                  granted                  to the Holder to purchase 300,000 shares of common stock at $1.00                  for a                  two-year term was canceled and new warrant was granted to the Holder                  to                  purchase 300,000 shares of common stock at $0.65 for a two-year                  term. On                  December 15, 2007, the Company and the Holder executed Amendment                  2 to                  Convertible Promissory Note (“Amendment 2”). Pursuant to Amendment 2, the                  interest rate became 9% and the maturity date was extended to May                  31,                  2008. Additionally, the Company issued the Holder 600,000 shares                  of common                  stock at $0.65 per share. On                  January 28, 2008, the Company repaid $100,000 of the principal.                  On July                  16, 2008, the Company paid the remaining principal balance of $200,000                  plus an additional amount of $69,000, however, the 200,000 shares                  of                  common stock relating to late fees pursuant to the Amendment has                  not been                  issued as of September 30, 2008. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | c. | On                  June 26, 2007, the Company executed another Convertible Promissory                  Note in                  the amount of $300,000. The Company received $150,000 which represents                  the                  first half of the proceeds on the same date and the remaining $150,000                  in                  July 2007. This note is payable in 120 days and bears a total of                  $15,000                  interest during the term of the note. The Company also incurred                  additional                  fees associated with the note in the amount of $15,000 and 100,000                  shares                  of the Company’s common stock. The note is secured by 600,000 shares of                  the Company’s common stock, and the Company’s interest in income generated                  from the operations and sales of certain identified exploration                  / mining                  leases in Panama and China. The Holder of the note may at any time                  convert                  the principal amount for shares of the Company’s common stock at a rate of                  $1.00 per share. On October 29, 2007, the Company repaid the entire                  principal in cash to the Note Holder. On October 30, 2007, the                  Company                  paid the Note Holder $15,000, which represented the additional                  fees                  incurred in connection with the                  note. |
|--|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | d. | On                  July 2, 2007, the Company executed a Convertible Promissory Note                  in the                  amount of $500,000. This note is payable in 90 days and bears a                  total of                  $25,000 interest during the term of the note. The Company also                  incurred                  additional fees associated with the note in the amount of $25,000                  and                  100,000 shares of the Company’s common stock. The holder of the note may                  at any time convert the principal amount for shares of the Company’s                  common stock at a rate of $1.00 per share. On July 5, 2007, the                  Company                  paid the interest and additional fees and issued 100,000 shares                  of common                  stock to the holder pursuant to the note. On September 19, 2007,                  the                  Company repaid the entire principal by issuing 1,000,000 Special                  Warrants                  to the Note Holder. |
|--|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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**DOMINION        MINERALS CORP. AND SUBSIDIARIES**

**(FORMERLY        EMPIRE MINERALS CORP.)**

**(AN        EXPLORATION COMPANY)**

**NOTES        TO CONSOLIDATED FINANCIAL STATEMENTS**

**SEPTEMBER        30, 2008**

**(UNAUDITED)**

|  | e. | On                  January 22, 2008, the Company executed a Convertible Promissory                  Note in                  the amount of $350,000. This note is payable in 30 days and bears                  interest                  at a rate of 6% per annum. The Company also incurred additional                  fees                  associated with the note in the amount of $33,000. The Holder may                  at any                  time convert the principal amount for shares of the Company’s common stock                  at a rate of $1.00 per share. On February 22, 2008, the Company                  and the                  Holder executed an Amendment to the note (“Amendment”). Pursuant to the                  Amendment, the maturity date was extended to May 31, 2008 (“Amended                  Maturity Date”), bearing interest at a rate of 6% per annum. On April 25,                  2008, the Company and the Holder executed Amendment No. 2 to the                  note                  (“Amendment 2”). Pursuant to Amendment 2, the maturity date was extended                  to July 31, 2008 (“Amended Maturity Date 2”), bearing interest at a rate                  of 6% annum. The Company also incurred additional fees associated                  with                  Amendment 2 in the amount 250,000 shares of the Company’s common stock,                  which approximated $125,000. On July 22, 2008, the Company paid                  the full                  amount of principal to the Note Holder to satisfy the                  note. |
|--|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | f. | Loan                  Payable – On March 10, 2008, the Company entered into a Loan Agreement in                  the amount of $1,650,000 with Balstone Investments Ltd. The loan                  bears                  interest at a rate of 3-monthly LIBOR (approximately 4.6% at March                  10,                  2008) plus 1% and is payable in full on September 11, 2008. As                  security                  for the prompt and complete payment of the loan, a personal guarantee                  was                  granted by the Chief Executive Officer of the Company including                  a share                  charge over the Chief Executive Officer’s entire shareholding in the                  Company. On July 28, 2008, the Company paid the full balance of                  the loan                  and interest due to Balstone Investments                  Ltd. |
|--|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6. | Related                  Party Transactions  |
|----|---------------------------------------------------|

|  | a. | Saddle                  River Associates – The Company entered into three agreements with Saddle                  River Associates (“SRA”), a shareholder in the Company. The first                  transaction dated March 26, 2006 relates to a one year Advisory                  Agreement                  in which SRA will provide consulting services related to locating                  and                  evaluating financing alternatives, corporate structuring and other                  business issues for $15,000 per month. The agreement automatically                  renews                  annually, unless either party gives 90 days notice to terminate.                  The                  Company did not pay any amounts to SRA for the nine months ended                  September                  30, 2008, however certain amounts were paid in cash in accordance                  with the                  agreement through to November 2007. On April 15, 2008 the Company                  canceled                  the agreement. |
|--|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**DOMINION        MINERALS CORP. AND SUBSIDIARIES**

**(FORMERLY        EMPIRE MINERALS CORP.)**

**(AN        EXPLORATION COMPANY)**

**NOTES        TO CONSOLIDATED FINANCIAL STATEMENTS**

**SEPTEMBER        30, 2008**

**(UNAUDITED)**

|   | b. | Chief                  Financial Officer – The Company’s Chief Financial Officer (“CFO”) provided                  consulting services to the Company prior to the merger to assist                  in merger                  preparations at $5,000 per month on a month to month basis beginning                  in                  November 2006 through February 21, 2007. As of April 1, 2007, the                  CFO                  resumed providing consulting services to the Company at $8,000                  per month                  on a month to month basis. The services provided include the day                  to day                  financial management of the company and any other functions related                  to the                  financial operations of the                  Company. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | c. | Euro                  Centro Consulting Corp. – The Company entered into 2 agreements with Euro                  Centro Consulting Corp. (“Euro”), as shareholder in the Company. For the                  first transaction dated July 15, 2007, the Company and Euro entered                  into a                  consulting agreement. Pursuant to the agreement, the Company received                  one-time referral services from Euro in exchange for a cash fee                  of $50,000                  and 100,000 shares of common stock. The shares were valued at $0.50                  per                  share, for a total amount of $50,000, which was expensed for the                  year                  ended December 31, 2007. |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7. | Shareholders’                  equity |
|----|---------------------------------------------|

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**DOMINION        MINERALS CORP. AND SUBSIDIARIES**

**(FORMERLY        EMPIRE MINERALS CORP.)**

**(AN        EXPLORATION COMPANY)**

**NOTES        TO CONSOLIDATED FINANCIAL STATEMENTS**

**SEPTEMBER        30, 2008**

**(UNAUDITED)**

|   | a. | Effective                  August 11, 2006, the Company amended the Articles of Incorporation                  as                  follows: Each twenty (20) shares of Common Stock then issued was                  automatically combined into one share of Common Stock of the Company                  (“20-1 reverse split”). No fractional shares or scrip representing                  fractions of a share were issued, but in lieu thereof, each fraction                  of a                  share that any stockholder would otherwise be entitled to receive                  was                  rounded up to the nearest whole share. As a result of the 20-1                  reverse                  split, the issued number of shares of Common Stock was reduced                  by                  88,377,055, from 93,028,479 shares of Common Stock issued prior                  to the                  20-1 reverse split to 4,651,424 shares of Common Stock issued subsequent                  to the 20-1 reverse split. The rounding of fractional shares to                  the                  nearest whole share resulted in an additional 661 shares being                  issued to                  stockholders who would have been entitled to receive a fraction                  of a                  share. The total number of shares of Common Stock issued after                  the                  issuance of the rounding of fractional shares was 4,652,085. |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | b. | Effective                  January 22, 2007, the Company amended the Articles of Incorporation                  as                  follows: Each twenty (20) shares of Common Stock then issued was                  automatically combined into one share of Common Stock of the Company                  (“20-1 reverse split”). No fractional shares or scrip representing                  fractions of a share were issued, but in lieu thereof, each fraction                  of a                  share that any stockholder would otherwise be entitled to receive                  was                  rounded up to the nearest whole share. As a result of the 20-1                  reverse                  split, the issued number of shares of Common Stock was reduced                  by                  4,419,481, from 4,652,085 to 232,604 shares of Common Stock. The                  rounding                  of fractional shares to the nearest whole share resulted in an                  additional                  248 shares being issued to stockholders who would have been entitled                  to                  receive a fraction of a share. The total number of shares of Common                  Stock                  issued after the issuance of the rounding of fractional shares                  was                  232,852. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | c. | On                  February 20, 2007, the Company issued 26,504,000 shares of its                  common                  stock for 26,504,000 shares of common stock representing all of                  the                  outstanding stock of its subsidiary pursuant to the triangular                  merger                  accounted for as a reverse merger and recapitalization. Additionally,                  all                  warrants issued by the subsidiary and outstanding as of February                  20, 2007                  were exchanged for warrants in the Company. Prior to the merger,                  the                  Subsidiary had entered into several agreements which accounted                  for the                  shares of common stock outstanding: |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | (1) | Upon                  the formation of the Subsidiary, the founding shareholders received                  6,460,000 shares of common stock for $6,460. During the quarter                  ended                  March 31, 2008, the Company received $4,900 as payment for the                  shares.                  Therefore, subscriptions receivable totaled $1,560 at September                  30,                  2008. |
|--|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | (2) | On                  March 29, 2006, the Subsidiary issued to management and key consultants                  8,500,000 shares for services valued at $76,500 and cash of $8,500,                  totaling $0.01 per share. As of March 31, 2007, the Subsidiary                  had                  received $8,500 in cash for payment. The Subsidiary recorded $76,500                  of                  consulting expense during the year ended December 31, 2006. Additionally,                  the Subsidiary issued warrants to purchase up to a total of 5,970,000                  to                  management and consultants. The warrants were vested upon grant,                  have a 3                  year life, and are exercisable at $0.10 per share. Warrants to                  purchase up                  to 3,500,000 shares of common stock issued to management contained                  a                  cashless exercise provision. The warrants were valued at $197,587                  using                  the Black-Scholes option pricing model, using a volatility rate                  of 62%                  based on the volatility of a publicly traded exploration stage                  company in                  a similar stage of development, and a risk free rate of 4.79%.                  The                  Subsidiary recognized $197,587 of compensation expense during the                  year                  ended December 31, 2006. As of September 30, 2008, warrants with                  options                  to purchase a total of 450,000 were exercised for cash. The Subsidiary                  received $45,000 in cash for the exercise of the warrants. Warrants                  with                  options to purchase a total of up to 2,000,000 were exercised utilizing                  the cashless exercise provision. A total of 1,600,000 shares of                  common                  stock were issued to management in the transaction. Two warrants                  to                  purchase a total of up to 3,500,000 shares of common stock were                  canceled                  pursuant to an Agreement for Cancellation of Warrants entered into                  by and                  between the parties. |
|--|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**DOMINION        MINERALS CORP. AND SUBSIDIARIES**

**(FORMERLY        EMPIRE MINERALS CORP.)**

**(AN        EXPLORATION COMPANY)**

**NOTES        TO CONSOLIDATED FINANCIAL STATEMENTS**

**SEPTEMBER        30, 2008**

**(UNAUDITED)**

|  | (3) | During                  the period from April 2006 through February 19, 2007, the Subsidiary                  sold                  7,499,000 shares of common stock at a price of $0.50 per share                  for cash                  totaling $3,749,500. |
|--|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | (4) | During                  the year ended December 31, 2007, the Subsidiary issued 2,299,000                  shares                  of its common stock to various individuals and entities in exchange                  for                  consulting services to the Subsidiary. The Company recorded consulting                  expenses in the amount of $1,079,979 in the accompanying consolidated                  statement of operations and $69,521 prepaid for consulting services                  for                  the year ended December 31, 2007. |
|--|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | (5) | On                  February 19, 2007, the Subsidiary issued to its President and Chief                  Executive Officer, 1,500,000 shares of common stock as a bonus                  for his                  services to the Subsidiary and as incentive compensation for future                  services. The Company recorded consulting expenses in the amount                  of                  $750,000 in the accompanying consolidated statement of operations                  for the                  year ended December 31, 2007. |
|--|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | d. | On                  March 9, 2007, the Company issued 4,000,000 shares of Common Stock                  to                  Bellhaven Gold & Copper, Inc. (“Bellhaven”) as part of an Exploration                  Development Agreement (“agreement”) entered into by and between the                  Company, Bellhaven and its wholly-owned subsidiary, Cuprum Resources                  Corp                  (“Cuprum”). The agreement grants the Company an option to acquire up to                  75% of the authorized and outstanding stock of Cuprum, the holder                  of a                  Mineral Concession from Panama on a copper prospect located in                  Panama. The                  agreement calls for the Company to pay Cuprum or Bellhaven $2,000,000                  in                  annual installments of $500,000 each, issue Bellhaven shares of                  the                  Company’s common stock as valued under an escrow agreement with a total                  value of $4,000,000 and expend $15,000,000 in exploration and development                  work on the copper prospect underlying Cuprum’s Mineral Concession. As per                  the agreement, the Company has delivered a certificate in the amount                  of                  2,666,667 shares of common stock to Bellhaven and deposited 1,333,333                  shares of its common stock into escrow. The Company has recorded                  $1,333,334 as investment on the accompanying consolidated balance                  sheet. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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**DOMINION        MINERALS CORP. AND SUBSIDIARIES**

**(FORMERLY        EMPIRE MINERALS CORP.)**

**(AN        EXPLORATION COMPANY)**

**NOTES        TO CONSOLIDATED FINANCIAL STATEMENTS**

**SEPTEMBER        30, 2008**

**(UNAUDITED)**

|   | e. | On                  April 1, 2007, the Company issued 7,925,000 shares of common stock                  to West                  Greenwood Foundation (“WGF”) and various entities and individuals                  (“designees”), pursuant to the conversion of the Convertible Promissory                  Note executed by the Company in February 2001. On the date of the                  conversion of the note, the balance was $67,700 and $38,371 of                  principal                  and interest, respectively. In a simultaneous transaction, the                  designees                  purchased an interest of the note from WGF and converted their                  interest in                  to shares of Common Stock of the Company based on the rate of conversion                  previously agreed to between the Company and WGF. The conversion                  of the                  total balance of $106,071 to 7,925,000 shares of Common Stock represented                  a conversion rate of approximately $0.013 per share. See Note                  5a. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | f. | On                  May 4, 2007, the Company completed a Private Placement to sell                  4,000,000                  shares of Common Stock at $0.50 per share for cash totaling $2,000,000.                  The transaction was completed in the form of a Restricted Equity                  Purchase                  Agreement and called for the Company to deposit the Stock Certificate                  representing the sold shares with a custodial bank selected by                  the                  purchaser. The closing date of the transaction was scheduled for                  30 days                  from the date of the deposit of the Stock Certificate with the                  custodial                  bank. The agreement has since been canceled and the shares have                  been                  recalled from the custodial bank. |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | g. | On                  June 18, 2007, the Company and the CFO entered into a Stock Repurchase                  Agreement in which the Company repurchased from the CFO, 100 shares                  of the                  Company’s outstanding Series I Preferred Stock (“Preferred Shares”) held                  by the CFO. The Preferred Shares were repurchased by the Company                  from the                  CFO for $10,000. The Preferred Shares repurchased represented the                  total                  amount of Preferred Stock issued and outstanding. Subsequent to                  the                  repurchase of the Preferred Shares, the Company filed a Certificate                  of                  Designation with the state of Delaware and canceled the Series                  I Preferred                  Stock. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | h. | On                  June 26, 2007, the Company issued 100,000 shares of common stock                  as a form                  of payment for additional fees directly related to a Convertible                  Promissory Note (see Note 5c). |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | i. | On                  July 2, 2007, the Company issued 100,000 shares of common stock                  as a form                  of payment for additional fees directly related to a Convertible                  Promissory Note (see Note 5d). |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | j. | On                  July 31, 2007, the Company completed a Private Placement to sell                  1,000,000                  shares of common stock at a price of $0.50 per share for cash totaling                  $500,000. The transaction was completed in the form of a Subscription                  Agreement and called for the Company to issue warrants to purchase                  1,000,000 shares of common stock at $1.00 per share for a two-year                  term.                  Pursuant to the agreement, the Company is required to file a registration                  statement within 150 days and it be declared effective within 210                  days. As                  of September 30, 2008, the Company has not filed the registration                  statement and has accrued $45,600 in liquidated damages which were                  expensed during the current                  period. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**DOMINION        MINERALS CORP. AND SUBSIDIARIES**

**(FORMERLY        EMPIRE MINERALS CORP.)**

**(AN        EXPLORATION COMPANY)**

**NOTES        TO CONSOLIDATED FINANCIAL STATEMENTS**

**SEPTEMBER        30, 2008**

**(UNAUDITED)**

|   | k. | From                  August 2007 to October 2007, the Company sold a total of 320,000                  shares of                  common stock in the form of Subscription Agreements at $0.50 per                  share.                  The total proceeds to the Company for the sale of the shares were                  $160,000. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | l. | On                  December 15, 2007, the Company issued 600,000 shares of common                  stock as a                  form of payment for additional fees directly related to a Convertible                  Promissory Note (see Note 5b). |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | m. | In                  December 2007, the Company issued 100 shares of preferred stock                  at par                  value of $0.0001 to the Company’s CEO for compensation and expensed                  $10,000. The value of the preferred stock was determined by the                  recent                  buy-back from the Company’s CFO at $100 per                  share. |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | n. | On                  April 18, 2008, the Company agreed to issue 4,550,000 shares of                  common                  stock to its directors in consideration of their past services.                  The                  Company recorded directors’ compensation expenses in the amount of                  $2,275,000 in the accompanying consolidated statements of operations                  for                  the nine months ended September 30,                  2008. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | o. | On                  April 25, 2008, the Company agreed to issue 250,000 shares of common                  stock                  as a form of payment for additional fees directly related to a                  Convertible                  Promissory Note (see Note 5e). |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | p. | On                  July 10, 2008, the Company completed a Private Placement to sell                  to                  certain investors 21,840,000 shares of common stock, 100 shares                  of                  preferred stock and 14,203,000 warrants for cash totaling $10,046,400.                  The                  transaction was completed in the form of Binding Term Sheet (“Term Sheet”)                  and called for the Company to: |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | (1) | The issuance                    of an aggregate of 21,840,000 new shares of the Company’s common stock at                    $0.46 per share. $8,500,000 shall be paid by the investors within                    five                    business days upon execution of the Term Sheet (First Settlement                    Date) and                    the balance shall be paid within 90 calendar days upon the execution                    of                    the Term Sheet (Second Settlement                    Date); |
|--|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | (2) | The issuance                  of the Company’s 100 preferred                  stock; |
|--|-----|-------------------------------------------------------------------------------------------------|

|   |   |   |
|--------|--------|--------|
|  | (3) | The cancellation                    of the Company’s 100 preferred stock held by the Chief Executive                    Officer; |
|--|-----|---------------------------------------------------------------------------------------------------------------------------------------------|

|  | (4) | The                  issuance of an aggregate of 10,920,000 warrants (“First Warrants”) on the                  First and Second Settlement Dates. Each First Warrant entitles                  the                  investors to purchase one new share of the Company’s common stock at a                  price of $0.46 per share. The First Warrant will expire 23 calendar                  days                  following the publication of the second independent resource statement                  for                  Cerro Chorcha to National Instrument 43-101 standard after the                  date of the                  Term Sheet; |
|--|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | (5) | The                  issuance of an aggregate of 3,283,000 warrants (“Second Warrants”) on the                  First and Second Settlement Dates. Each Second Warrant entitles                  the                  investor to purchase one new share of the Company’s common stock at a                  price of $0.50 per share, with term date of six months. The Second                  Warrant                  can only become exercisable upon the exercise and payment in full                  of all                  First Warrants. |
|--|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**DOMINION        MINERALS CORP. AND SUBSIDIARIES**

**(FORMERLY        EMPIRE MINERALS CORP.)**

**(AN        EXPLORATION COMPANY)**

**NOTES        TO CONSOLIDATED FINANCIAL STATEMENTS**

**SEPTEMBER        30, 2008**

**(UNAUDITED)**

|   | q. | On                  July 11, 2008, the Company issued 650,000 common shares and paid                  a cash of                  $250,000 to certain entities in exchange for consulting and advisory                  services directly related to the consummation of the Term Sheet.                  The                  Company recorded consulting expenses in the amount of $299,000                  in the                  accompanying consolidated statement of operations for the three                  months                  ended September 30, 2008. The cash payment was treated as a reduction                  from                  the gross proceeds from the Term                  Sheet. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | r. | On                  July 11, 2008, the Company issued 666,666 common shares to the                  Company’s                  Chief Operating Officer as a compensation for the completion of                  the Term                  Sheet. The Company recorded employee compensation expense of $306,666                  in                  the accompanying consolidated statement of                  operations. |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Expected                   |   | Expected   |   | Dividend |   | Risk Free     |   | Grant Date |   |
|----------------------------|--------|------------|--------|----------|--------|--------------------|--------|-----------------|--------|
| Life                       |   | Volatility |   | Yield    |   | Interest Rate |   | Fair Value |   |
| 2                    years |   |       | 48.69  | %        |   | -                  |   |            | 4.78   | % | $ | 31,641 |   |

----

**DOMINION        MINERALS CORP. AND SUBSIDIARIES**

**(FORMERLY        EMPIRE MINERALS CORP.)**

**(AN        EXPLORATION COMPANY)**

**NOTES        TO CONSOLIDATED FINANCIAL STATEMENTS**

**SEPTEMBER        30, 2008**

**(UNAUDITED)**

----

**DOMINION          MINERALS CORP. AND SUBSIDIARIES**

**(FORMERLY          EMPIRE MINERALS CORP.)**

**(AN          EXPLORATION COMPANY)**

**NOTES          TO CONSOLIDATED FINANCIAL STATEMENTS**

**SEPTEMBER          30, 2008**

**(UNAUDITED)**

|                                           |   |           |       |           |   | Weighted-  |   | Average     |   |
|------------------------------------------------|--------|----------------|------------|----------------|--------|------------|--------|-------------|--------|
|                                           |   | Number of |       | Number of |   | Average    |   | Remaining   |   |
|                                           |   | Warrants       |       | Warrants       |   | Exercise   |   | Contractual |   |
|                                           |   | Outstanding    |       | Exercisable    |   | Price      |   | Life        |   |
| Balance                  at December 31, 2006  |   |           | 5,950,000  |           |   | 5,950,000  |   | $           | 0.10   |   |   | 2.75                  years |   |
| Granted                                        |   |           | 300,000    |           |   | 300,000    |   |        | 1.00   |   |   | 2.00                  years |   |
| Forfeited                                      |   |           | (5,500,000 | )              |   | (5,500,000 | )      |        | -      |   |   |   |   |
| Exercised                                      |   |           | (450,000   | )              |   | (450,000   | )      |        | 0.10   |   |   |                        |   |
| Balance                  at June 30, 2007      |   |           | 300,000    |           |   | 300,000    |   | $           | 1.00   |   |   | 2.00                  years |   |
| Granted                                        |   |           | 5,760,000  |           |   | 300,000    |   |        | 0.51   |   |   | 2.00                  years |   |
| Forfeited                                      |   |           | -          |           |   | -          |   |        | -      |   |   | - |   |
| Exercised                                      |   |           | -          |           |   | -          |   |        | -      |   |   | - |   |
| Balance                  at December 31, 2007  |   |           | 6,060,000  |           |   | 600,000    |   | $           | 0.58   |   |   | 1.63                  years |   |
| Granted                                        |   |           | 15,934,000 |           |   | -          |   |        | -      |   |   | 1.77                  years |   |
| Forfeited                                      |   |           | -          |           |   | -          |   |        | -      |   |   |   |   |
| Exercised                                      |   |           | (2,391,000 | )              |   | -          |   |        | -      |   |   |      |   |
| Balance                  at September 30, 2008 |   |           | 19,603,000 |           |   | 600,000    |   | $           | 0.64   |   |   | 1.20                  years |   |

|                                    |   | Expected Life |                       | Expected Volatility |   | Dividend Yield |   | Risk Free Interest Rate |   | Grant Date Fair Value |   |
|-----------------------------------------|--------|--------------------|----------------------------|--------------------------|--------|---------------------|--------|----------------------------------------|--------|--------------------------------------|--------|
| Employees                  – 2007 |   |               | 5.0                  years |                     |   | 61                  | %      |                                   | 0      | %                                    |   | 3.52 | % |   | 8,100,000 |   |

|                                                  |   | Options Outstanding |      | Weighted Average Exercise Price |   | Aggregate Intrinsic Value |   |
|-------------------------------------------------------|--------|--------------------------|-----------|------------------------------------------------|--------|-------------------------------------|--------|
| Outstanding                  as of December 31, 2006  |   |                     | -         |                                           | $      | -                                   |   | $ | - |   |
| Granted                                               |   |                     | -         |                                           |   | -                                   |   |   | - |   |
| Forfeited                                             |   |                     | -         |                                           |   | -                                   |   |   | - |   |
| Exercised                                             |   |                     | -         |                                           |   | -                                   |   |   | - |   |
| Outstanding                  as of June 30, 2007      |   |                     | -         |                                           | $      | -                                   |   | $ | - |   |
| Granted                                               |   |                     | 5,400,000 |                                           |   | 0.50                                |   |   | - |   |
| Forfeited                                             |   |                     | -         |                                           |   | -                                   |   |   | - |   |
| Exercised                                             |   |                     | -         |                                           |   | -                                   |   |   | - |   |
| Outstanding                  as of December 31, 2007  |   |                     | 5,400,000 |                                           | $      | 0.50                                |   | $ | - |   |
| Granted                                               |   |                     | 700,000   |                                           |   | 0.50                                |   |   | - |   |
| Forfeited                                             |   |                     | -         |                                           |   | -                                   |   |   | - |   |
| Exercised                                             |   |                     | -         |                                           |   | -                                   |   |   | - |   |
| Outstanding                  as of September 30, 2008 |   |                     | 6,100,000 |                                           | $      | 0.50                                |   | $ | - |   |

----

**DOMINION        MINERALS CORP. AND SUBSIDIARIES**

**(FORMERLY        EMPIRE MINERALS CORP.)**

**(AN        EXPLORATION COMPANY)**

**NOTES        TO CONSOLIDATED FINANCIAL STATEMENTS**

**SEPTEMBER        30, 2008**

**(UNAUDITED)**

| 8. | Income                  Taxes |
|----|-------------------------------|

| Net                  operating loss for the nine months ended September 30,                  2008 |   | $      | 6,843,680  |   |
|---------------------------------------------------------------------------------------------------|--------|--------|------------|--------|
| Effective                  income tax rate                                                        |   |   | 40         | %      |
| Total                  deferred tax assets                                                        |   |   | 2,737,472  |   |
| Less:                  valuation allowance                                                        |   |   | (2,737,472 | )      |
| Total                  deferred tax assets as of September 30, 2008                               |   | $      | -          |   |

| Net                  operating loss from inception (March 1, 2006) to September 30,                  2008 |   | $      | 14,755,716 |   |
|-----------------------------------------------------------------------------------------------------------|--------|--------|------------|--------|
| Effective                  income tax rate                                                                |   |   | 40         | %      |
| Total                  deferred tax assets                                                                |   |   | 5,902,286  |   |
| Less:                  valuation allowance                                                                |   |   | (5,902,286 | )      |
| Total                  deferred tax assets as of September 30, 2008                                       |   | $      | -          |   |

| Federal                  income tax rate           |   |   | 34  | %  |
|----------------------------------------------------|--------|--------|-----|----|
| State                  tax, net of federal benefit |   |   | 6   | %  |
| Increase                  in valuation allowance   |   |   | (40 | )% |
| Effective                  income tax rate         |   |   | -   | %  |

----

**DOMINION        MINERALS CORP. AND SUBSIDIARIES**

**(FORMERLY        EMPIRE MINERALS CORP.)**

**(AN        EXPLORATION COMPANY)**

**NOTES        TO CONSOLIDATED FINANCIAL STATEMENTS**

**SEPTEMBER        30, 2008**

**(UNAUDITED)**

| 9. | Commitments –                  The Company and its Subsidiary entered into various agreements                  during the                  period beginning March 2006 (Subsidiary’s inception date) and ending                  September 30, 2008. These include: |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | a. | Empire(Tianjin)                    Resources Co., Ltd. – The Company is to pay $500,000 on or before May 31,                    2008 to Tianjin pursuant to the cooperative joint venture agreement.                    (See                    Note 4). The Company is currently negotiating an extension for                    the                    payment. |
|--|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | b. | Employment                  Agreements – On April 12, 2006, the Company entered into employment                  agreements with its Chief Executive Officer and its Vice President                  of                  Exploration. The agreements have a term of two years and are automatically                  renewed for two year terms unless the Company or the employee gives                  90                  days prior written notice to terminate the agreement. On December                  1, 2007,                  the Company entered into a new employment agreement with its Chief                  Executive Officer and its Chief Financial Officer. The agreements                  have                  terms of five years and three years, respectively. The agreements                  are                  automatically renewed for one year term unless the Company or Executive                  gives 90 days prior written notice to terminate the agreement.                  On May 1,                  2008, the Company entered into employment agreement with its Chief                  Operating Officer. The agreement has a term of either three years                  or the                  submission of the feasibility study of the copper mining project                  in                  Panama, whichever comes earlier. The agreement may be renewed in                  writing                  no later than 30 days prior to the termination                  date. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | c. | Office                  Lease – The Company is subject to a six month license agreement dated                  February 14, 2008 for office space requiring monthly payments of                  $6,450.                  The agreement expires August 31, 2008 and is automatically renewed                  for an                  additional six month term unless the Company gives written notice                  of                  cancellation on or before June 1, 2008. The Company did not provide                  written notice prior to June 1, 2008, therefore, the agreement                  has been                  automatically renewed for an additional six month period or through                  February 28, 2009. The Company leased additional space at another                  location. The additional space is leased on a month to month basis                  at a                  rate of $1,445 per month. |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | d. | Cuprum                  Resources Corp. – In March 2007, the Company, Bellhaven Copper & Gold,                  Inc. (“Bellhaven”) and Cuprum Resources Corp (“Cuprum) entered into an                  Exploration Development Agreement (“agreement”). The agreement requires                  the Company over the next three years to issue 4 million shares                  of the                  Company’s common stock and make cash payments in the amount of                  $17,000,000. At September 30, 2008, the Company released 2,666,667                  shares                  of its common stock from escrow and made cash payments of $4,874,528. |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Period                  ending December 31, |   |   |      |   |
|---------------------------------------------|--------|--------|-----------|--------|
| 2008                                        |   | $      | 7,005,000 |   |
| 2009                                        |   |   | 7,166,666 |   |
| 2010                  and thereafter        |   |   | 500,000   |   |

----

**DOMINION        MINERALS CORP. AND SUBSIDIARIES**

**(FORMERLY        EMPIRE MINERALS CORP.)**

**(AN        EXPLORATION COMPANY)**

**NOTES        TO CONSOLIDATED FINANCIAL STATEMENTS**

**SEPTEMBER        30, 2008**

**(UNAUDITED)**

| 10. | Subsequent                  Event  |
|-----|-----------------------------------------|

----

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

***Forward-Looking      Statements and Associated Risks.***
*       *

**Overview      of Business **

----

| (A) | The                Company acquired all of the outstanding stock of the Nevada                Subsidiary; |
|-----|-----------------------------------------------------------------------------------------------------------|

| (B) | A                Nevada corporation named Xacord Acquisitions Sub Corp. formed and                wholly-owned by the Company to be used as a vehicle for the transaction                was merged into the Nevada                Subsidiary; |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (C) | The                outstanding shares of the common stock of the Nevada Subsidiary as                of the                effective time of the merger were converted into shares of the common                stock of the Company on a share-for-share basis with a total of 26,504,000                shares of the Company's stock issued in this                conversion; |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (D) | The                Company assumed four warrants issued by the Nevada Subsidiary to                purchase                up to a total of 4,500,000 shares of the Company's Common Stock at                $0.10                per share during a three year term. These warrants were held as follows:                (i) a warrant for 2,000,000 shares was held by Saddle River Associates,                Inc., a financial and business consultant to the Company; (ii) an                additional warrant for 500,000 shares was held by Saddle River Associates,                Inc.; (iii) a warrant for 1,500,000 shares was held by Pinchas Althaus,                President and a director of the Company; and (iv) a warrant for 50,000                shares was held by Chaya Schreiber, a former shareholder of the Nevada                Subsidiary. The warrant to purchase 50,000 shares was exercised on                March                2, 2007. The remaining three warrants for 4,000,000 were canceled                by                mutual agreement of the parties on June 1,                2007. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

      Nevada      Subsidiary. Messrs. Althaus, Roca and Minsky became the three officers and      directors of the Company and the Nevada Subsidiary upon completion of the      business combination.

----

**Status      Before Business Combination:**

**Actions      in Business Combination:**

----

**Status      After Business Combination:**

      company      named Empire (Tianjin) Resources Co., Ltd. This entity was formed to acquire      mineral interests in and explore, develop and, if warranted, conduct mining      operations on mineral properties located in the Inner Mongolian Autonomous      Region of Tianjin Province in China. The Nevada Subsidiary holds a 70% interest      in this entity subject to future adjustment to reflect the parties' respective      capital contributions.

----

----

|   | · | Acquiring                the majority interest in the Panamanian corporation holding the mineral                concession and providing financing for and supervising its                operations; |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Supervising,                and if necessary providing or procuring additional financing for,                the                operations of the two Chinese joint                ventures; |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Exploring                and evaluating additional mineral and natural resource acquisitions;                and |
|--------|--------|------------------------------------------------------------------------------------------------------------------|

|   | · | Seeking                the necessary additional capital to finance                activities. |
|--------|--------|-----------------------------------------------------------------------------------------------|

**Going      Concern **

**Critical      Accounting Policies **

----

**Results      of Operations **

***Discussion      of Revenues***

***Expenses      for the Three Month Period ended September 30, 2008 vs. September 30, 2007***

|                                                 |   | **For the three months ended** |      | **For the three months ended** |   |
|------------------------------------------------------|--------|----------------------------------------------------|-----------|----------------------------------------------------|--------|
|                                                 |   | **September 30, 2008**                   |      | **September 30, 2007**                   |   |
| **REVENUE**                                          |   |                                               | -         |                                               |   | Nil |   |   | - |   |   | Nil |   |
|                                                 |   |                                               |      |                                               |   |   |   |   |   |   |   |   |   |
| **EXPENSES**                                         |   |                                               |      |                                               |   |   |   |   |   |   |   |   |   |
|                                                 |   |                                               |      |                                               |   |   |   |   |   |   |   |   |   |
| Research                & development costs      |   | $                                                  | 16,495    |                                               |   | 0.88 | % | $ | 48,140 |   |   | 4.71 | % |
|                                                 |   |                                               |      |                                               |   |   |   |   |   |   |   |   |   |
| Consulting                fees                       |   |                                               | 761,191   |                                               |   | 40.75 | % |   | 320,363 |   |   | 31.36 | % |
| Professional                fees                     |   |                                               | 124,322   |                                               |   | 6.65 | % |   | 110,673 |   |   | 10.83 | % |
| Other                employee compensation           |   |                                               | 312,272   |                                               |   | 16.71 | % |   | - |   |   | Nil |   |
| Loan                costs                            |   |                                               | 63,526    |                                               |   | 3.40 | % |   | 144,084 |   |   | 14.10 | % |
| Directors                compensation                |   |                                               | 75,599    |                                               |   | 4.04 | % |   | - |   |   | Nil |   |
| General                & administrative expenses |   |                                               | 352,942   |                                               |   | 18.89 | % |   | 325,553 |   |   | 31.87 | % |
| Liquidated                damage expense             |   |                                               | 69,600    |                                               |   | 3.72 | % |   | - |   |   | Nil |   |
| Depreciation                                         |   |                                               | 37,669    |                                               |   | 2.01 | % |   | 2,852 |   |   | .28 | % |
|                                                 |   |                                               |      |                                               |   |   |   |   |   |   |   |   |   |
| **TOTAL                EXPENSES**                    |   | $                                                  | 1,813,616 |                                               |   | 97.09 | % | $ | 951,665 |   |   | 93.16 | % |
| **LOSS                BEFORE OTHER ITEM**            |   |                                               |      |                                               |   |   |   |   |   |   |   |   |   |
| Other                (income) expense                |   |                                               | 56,311    |                                               |   | 3.01 | % |   | 72,558 |   |   | 7.10 | % |
| Other                comprehensive loss (income)     |   |                                               | (2,092    | )                                                  |   | -0.11 | % |   | (2,687 | ) |   | -0.26 | % |
| **LOSS                BEFORE INCOME TAXES**          |   |                                               | 1,867,835 |                                               |   | 100.00 | % |   | 1,021,536 |   |   | 100.00 | % |
| Income                tax benefit (expense)          |   |                                               | -         |                                               |   | Nil |   |   | - |   |   | Nil |   |
| **COMPREHENSIVE                LOSS**                |   | $                                                  | 1,867,835 |                                               |   | 100.00 | % | $ | 1,021,536 |   |   | 100.00 | % |

----

***Expenses      for the Nine Month Period ending September 30, 2008 v September 30, 2007***

|                                                 |   | **For the nine months ended** |      | **For the nine months ended** |   |
|------------------------------------------------------|--------|---------------------------------------------------|-----------|---------------------------------------------------|--------|
|                                                 |   | **September 30, 2008**                  |      | **September 30, 2007**                  |   |
| **REVENUE**                                          |   |                                              | -         |                                              |   | Nil |   |   | - |   |   | Nil |   |
|                                                 |   |                                              |      |                                              |   |   |   |   |   |   |   |   |   |
| **EXPENSES**                                         |   |                                              |      |                                              |   |   |   |   |   |   |   |   |   |
|                                                 |   |                                              |      |                                              |   |   |   |   |   |   |   |   |   |
| Research                & development costs      |   | $                                                 | 120,831   |                                              |   | 1.77 | % | $ | 323,875 |   |   | 8.47 | % |
|                                                 |   |                                              |      |                                              |   |   |   |   |   |   |   |   |   |
| Consulting                fees                       |   |                                              | 1,043,116 |                                              |   | 15.32 | % |   | 2,342,805 |   |   | 61.29 | % |
| Professional                fees                     |   |                                              | 248,039   |                                              |   | 3.64 | % |   | 267,532 |   |   | 7.00 | % |
| Other                employee compensation           |   |                                              | 1,259,808 |                                              |   | 18.50 | % |   | - |   |   | Nil |   |
| Loan                costs                            |   |                                              | 462,615   |                                              |   | 6.79 | % |   | 144,084 |   |   | 3.77 | % |
| Directors                compensation                |   |                                              | 2,350,599 |                                              |   | 34.51 | % |   | - |   |   | Nil |   |
| General                & administrative expenses |   |                                              | 453,172   |                                              |   | 6.65 | % |   | 687,027 |   |   | 17.97 | % |
| Liquidated                damage expense             |   |                                              | 265,650   |                                              |   | 3.90 | % |   | - |   |   | Nil |   |
| Depreciation                                         |   |                                              | 43,221    |                                              |   | 0.63 | % |   | 7,488 |   |   | .20 | % |
|                                                 |   |                                              |      |                                              |   |   |   |   |   |   |   |   |   |
| **TOTAL                EXPENSES**                    |   | $                                                 | 6,247,051 |                                              |   | 97.60 | % | $ | 3,772,811 |   |   | 98.69 | % |
|                                                 |   |                                              |      |                                              |   |   |   |   |   |   |   |   |   |
| Other                expense                         |   |                                              | 596,629   |                                              |   | 8.76 | % |   | 58,087 |   |   | 1.52 | % |
| Other                comprehensive (income)          |   |                                              | (33,425   | )                                                 |   | -0.49 | % |   | (8,100 | ) |   | -0.21 | % |
| **LOSS                BEFORE INCOME TAXES**          |   |                                              | 6,810,255 |                                              |   | 100.00 | % |   | 3,822,798 |   |   | 100.00 | % |
| Income                tax benefit (expense)          |   |                                              | -         |                                              |   | Nil |   |   | - |   |   | Nil |   |
| **COMPREHENSIVE                LOSS**                |   | $                                                 | 6,810,255 |                                              |   | 100.00 | % | $ | 3,822,798 |   |   | 100.00 | % |

----

----

**Liquidity      and Capital Resources**

***Cash      and Working Capital***

----

***Internal      and External Sources of Liquidity***

***Contractual      Obligations***

**Cerro      Chorcha Project: **

|   | · | Required                work expenditure by March 7, 2009; $9,000,000 of which $3,874,528                has been                paid. The exploration and development plan for Phase 1 was completed                as of                March 6, 2008; a work plan for the period of March 7, 2008 to March                7,                2009 has been formulated and approved jointly by Bellhaven and                us. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Annual                payment: $500,000 due March 7, 2008 was paid on March 14, 2008; $500,000                due March 7, 2009. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------|

**TIGMR      Project: **

|   | · | Joint                Venture Contribution: $500,000 due May 31, 2008; we are currently                negotiating an amendment to the Joint Venture agreement with our                Joint                Venture Partner in order to obtain an extension for the payment of                our                Joint Venture contribution. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Off-Balance      Sheet Arrangements **

**we      **

**Item      3. Qualitative Disclosures About Market Risk.**

----

**Item      4T. Controls and Procedures.**

----

**PART      II**

**Item      1. Legal Proceedings.**

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

**Item      3. Defaults Upon Senior Securities.**

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

**Item      5. Other Information.**

----

**Item      6. Exhibits.**

| Exhibit                No. |   | Description                of Exhibits                                                                                                                                                 |
|----------------------------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                       |   |                                                                                                                                                                                   |
| 3.1                        |   | Term                Sheet – Issuance and Private Placement of Common Stock, Series A                Preferred Stock and Warrants in Dominion Minerals                Corp.* |
|                       |   |                                                                                                                                                                                   |
| 31.1                       |   | Officers                Certifications under Section 302 of the Sarbanes-Oxley Act of                2002*                                                                             |
|                       |   |                                                                                                                                                                                   |
| 31.2                       |   | Officers                Certifications under Section 302 of the Sarbanes-Oxley Act of                2002*                                                                             |
|                       |   |                                                                                                                                                                                   |
| 32.1                       |   | Certification                of Chief Executive Officer under Section 906 of the Sarbanes-Oxley                Act of                2002.*                                            |

----

**SIGNATURES      **

|   |                             |   | **DOMINION                MINERALS CORP.** |
|--------|----------------------------------|--------|--------------------------------------------|
|   |                             |   |                                       |   |
|   |                             |   |                                       |   |
| Date:  | November                14, 2008 |   | By:                                        | */s/                Pinchas Althaus*  |
|   |                             |   |                                       | PINCHAS                ALTHAUS |
|   |                             |   |                                       | Chief                Executive Officer |
|   |                             |   |                                       |   |
|   |                             |   |                                       |   |
| Date:  | November                14, 2008 |   | By:                                        | */s/                Diego Roca*  |
|   |                             |   |                                       | DIEGO                ROCA |
|   |                             |   |                                       | Executive                Vice President, Chief Financial |
|   |                             |   |                                       | Officer                and Treasurer |

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