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FORM 10-KSB

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

|[ x ] | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended - December 31, 2002
|----- | ----------------------------------------------------------------------------------------------------------------------------------
|OR    |                                                                                                                                   
|[   ] | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE  SECURITIES EXCHANGE ACT OF 1934 For the transition period from          

Commission file number 000-49664

OBAN MINING INC.



|NEVADA
(State or other jurisdiction of incorporation or organization) | 88-0467848(Employer Identification No.)
|--------------------------------------------------------------------- | ---------------------------------------
|                                                                      |                                        

OBAN MINING INC.
11960 Hammersmith Way, Suite 155
Richmond, British Columbia
Canada  V7A 5C9(Address of principal executive offices, including zip code.)

(604) 275-8994(Registrant's telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:   None

Securities registered pursuant to Section 12(g) of the Act:   Common Stock

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

|YES | [x] | NO | [   ]
|--- | --- | -- | -----

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-B is not contained herein, and no disclosure will be contained, to the best of Registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-KSB or any amendment to this Form 10-KSB.   [   ]

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Indicate by check mark whether the Issuer is an accelerated filed (as defined in Rule 12b-2 of the Act).

|YES | [x] | NO | [   ]
|--- | --- | -- | -----

The aggregate market value of the voting common stock held by non-affiliates on February 14, 2003, computed at which the stock was sold, was $100,000, assuming solely for the purposes of this calculation that the directors and executive officers of the issuer are "affiliates".  This determination of affiliate status is not necessarily a conclusive determination for other purposes.

On February 14, 2003 there were 2,000,000 shares of common voting stock, $0.00001 par value per share, held by non-affiliates.

Issuers involved in Bankruptcy Proceedings during the past Five Years.

Not Applicable.

State the number of shares outstanding of each of the Issuer's classes of common equity, as of the latest practicable date: February 14, 2003 - 7,000,000 shares of Common Stock

Transitional Small Business Issuer Format

|YES | [x] | NO | [   ]
|--- | --- | -- | -----

















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PART I

ITEM 1.   BUSINESS

The Company

We were incorporated in the State of Nevada on September 20, 2000. We are engaged in the acquisition and exploration of mining properties. We maintain our statutory registered agent's office at 101 Convention Center Drive, Suite 700, Las Vegas, Nevada 89109 and our business office is 11960 Hammersmith Way, Suite 155, Richmond British Columbia, Canada  V7A 5C9.  Our telephone number is (604) 275-8994.  Our offices are donated rent-free by our president.

Background

In July 2000, Richard A. Achron, our sole officer and director, entered into an oral agreement with Locke Goldsmith, an unrelated third party, to stake one property containing two unpatented mining claims in Reco Mining area, Sandon, Slocan Mining Division, British Columbia, Canada.  The transaction with Mr. Goldsmith was arm's length.  Mr. Goldsmith was hired because we believed he was knowledgeable about mining claims in British Columbia and we are not. The claims were conveyed by Mr. Goldsmith to Mr. Achron and are recorded in Mr. Achron's name to avoid paying additional fees.  The property is held in trust pursuant to a written declaration executed by Mr. Achron.  Under British Columbia law title to British Columbia mining claims can only be held by British Columbia residents.  In the case of corporations, title must be held by a British Columbia corporation.  In order to comply with the law we would have to incorporate a British Columbia wholly owned subsidiary corporation and obtain audited financial statements.  We believe those costs would be a waste of our money at this time.  In the event that we find mineralized material and the mineralized material can be economically extracted, we will form a wholly owned British Columbia subsidiary corporation and Mr. Achron will convey title to the properties to the wholly owned subsidiary corporation.  Should Mr. Achron transfer title to another person and that deed is recorded before we record our documents, that other person will have superior title and we will have none.  If that event occurs, we will have to cease or suspend operations.   However, Mr. Achron will be liable to us for monetary damages for breaching the terms of his agreement with us.

All Canadian lands and minerals that have not been granted to private persons are owned by either the federal or provincial governments in the name of Her Majesty.  Ungranted minerals are commonly known as Crown minerals.  Ownership rights to Crown minerals are vested by the Canadian Constitution in the province where the minerals are located.  In the case of the Company's property, that is the province of British Columbia.  In the 19th century the practice of reserving the minerals from fee simple Crown grants was established.  Legislation now ensures that minerals are reserved from Crown land dispositions.  The result is that the Crown is the largest mineral owner in Canada, both as the fee simple owner of Crown lands and through mineral reservations in Crown grants.  Most privately held mineral titles are acquired directly from the Crown.  The Company's property is one such acquisition.  Accordingly, fee simple title to the Company's property resides with the Crown.  The Company's claims are mining leases issued pursuant to the British Columbia Mineral Act.  The lessee has exclusive rights to mine and recover all of the minerals contained within the surface boundaries of the lease continued vertically downward.





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The property is unencumbered and there are no competitive conditions that affect the property.  Further, there is no insurance covering the property and we believe that no insurance is necessary since the property is unimproved and contains no buildings or improvements.

Location and Access

The property is located on the upper slopes of Reco Mountain and the north end of the Kokanee Range in the Selkirk Mountains.  It is situated approximately three miles south of Highway 31A, approximately ten miles east of the village of New Denver.

The property is situated in the Kootenay Arc, a band of sedimentary, volcanic, and metamorphic rock that extends from northern Washington State where the strike is northeasterly to north of Revelstoke, British Columbia where the strike is northwesterly.  The age of rocks ranges from Precambrian to Jurassic.  This is referred to as "Alta" on the map.

Two assessable roads lead into the middle of the property.  The Stenson Creek road departs southerly from Highway 31A at Retallack.  The Carpenter Creek road departs southeasterly from Highway 31A at Three Forks; at Cody a branch road trends northerly to join the Stenson Creek road at the summit of a pass.  Various spur roads and trails provide additional access.

Physiography

The property lies between elevations of 1,460 feet and 2,900 feet above sea level.  The main areas of interest occur between 2,100 feet and 5,520 feet above sea level.  Vegetation is light at higher elevations to heavy at lower elevations.  There is ample water and timber within the property to support all phases of exploration.

The property is snow-free from June through November, allowing a five to six month exploration season.  The property is within commuting distance of New Denver, which has grocery stores, restaurants, motels, and banking facilities.  The city of Nelson, which is one hour and a half by road is located directly south and is the nearest major center.

History of Previous Work

Exploration in the area dates from 1891.  Evidence of previous exploration appears from the condition of the property, however, the records relating to exploration on the property are incomplete.   The evidence consists of filled in pits.  Other than the evidence of filled in pits, there is no evidence of mining and there is no plant or equipment located on the property.  There is no power source on the property.

Property Geology

The major type of rock found on the property is quartz.  Gold, silver and copper are found in quartz veins.  We have not determined that there are quartz veins on the property.  We have not determined if there is any gold, silver or copper in the quartz vein.





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Our Proposed Exploration Program

Our success depends upon finding mineralized material.  Mineralized material is a mineralized body that has been delineated by appropriate spaced drilling or underground sampling to support sufficient tonnage and average grade of metals to justify removal.   If we do not find mineralized material or we cannot remove mineralized material, either because we do not have the money to do it or because it is not economically feasible to do it, we may have to suspend operations.

In addition, we may not have enough money to complete our exploration of our property.  If it turns out that we have not raised enough money to complete our exploration program, we will try to raise additional funds from a second public offering, a private placement or loans.  At the present time, we have not made any plans to raise additional money and there is no assurance that we would be able to raise additional money in the future.  If we need additional money and cannot raise it, we may have to suspend operations.

We must conduct exploration to determine what amount of minerals, if any, exist on our properties and if any minerals which are found can be economically extracted and profitably processed.

Our property is undeveloped raw land.  To our knowledge, the property has never been mined. Before gold retrieval can begin, we must explore for and find mineralized material.  After that has occurred we have to determine if it is economically feasible to remove the mineralized material.  Economically feasible means that the costs associated with the removal of the mineralized material will not exceed the price at which we can sell the mineralized material.  We cannot predict what that will be until we find mineralized material.

Our exploration program was designed to economically explore and evaluate our property.  We did not claim to have any minerals or reserves whatsoever on our property.  Our intent was to implement an exploration program in the following three phases.

Phase 1 was a research of the available geologic literature, personal interviews with geologists, mining engineers and others familiar with the prospect site.

During the year, we began Phase 1 of our research and exploration program.  We began the research of available geologic literature.

Our initial work was to have been augmented with geologic mapping, geophysical testing and geochemical testing of our claims.  Where available, existing workings, like trenches, prospect pits, shafts or tunnels would be examined.  If an apparent mineralized zone is identified and narrowed down to a specific area by the studies, we would begin trenching the area.

Trenches are generally approximately 150 feet in length and 10-20 feet wide.  These dimensions allow for a thorough examination of the surface of the vein structure types generally encountered in the area.  They also allow easier restoration of the land to its pre exploration condition when we conclude our operations.  Once excavation of a trench is completed, samples are taken and then analyzed for economically potential minerals that are known to have occurred in the area.  Careful interpretation of this available data collected from the various tests aid in determining whether or not the prospect has current economic potential and whether further exploration is warranted.





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As part of our Phase 1 exploration program, during the last quarter we hired Locke Goldsmith to initiate an orientation program consisting of geological mapping and collection of soil samples for geochemical analysis on the Alta claims.  The program commenced in early November 2002.

The orientation geochemical survey was initiated on one line along part of the southern sector of Alta 2 claim.  Seventeen samples were collected from approximately 30 cm below the humus layer, corresponding approximately to the "C" horizon.  Transported valley fill consisting of large boulders at several sites forced the collection of samples from shallower horizons.  Samples were placed in wet strength paper envelopes and taken to ALS Chemex labs of North Vancouver, British Columbia, Canada, where they were dried, screened to -180 um and the fine fraction analyzed for silver, lead and zinc. The statistical data as summarized in Mr. Goldsmith's report to us dated December 7, 2002 indicated four samples contained anomalous silver and lead values, and one sample contained an anomalous zinc value.  Field notes taken at the time of sample collection described the nature of the rock fragments as rounded, indicating that the rock and soil have been moved along distances by stream transport and not derived from bedrock sources nearby.

Prospecting throughout the eastern section of the property also did not locate mineralization.  The report concluded that the transported components and nature of soils in the southern part of the Alta claims were not suitable for development of geochemical patterns that could lead to concealed mineralization in bedrock.  Prospecting did not discover any potential sites for additional exploration.

It was recommended that no further work be planned for the property.  We are evaluating the recommendations of the report and will be engaging in further discussions with Locke Goldsmith on what options are available to us regarding these claims and other mining prospects.  We will not proceed with further work on Phase 1 and will not commence Phase 2 until we have had the opportunity to thoroughly evaluate our options.

Should the Company decide that further exploration may be warranted, we will continue with Phase 1 of our exploration program and may conducted another orientation geochemical survey on another part of the property to try to identify any mineralized zone.  Should we identify a specific area of mineralization we will begin trenching the area to determine whether the property merits moving on to Phase 2 of our exploration program.

Phase 2 would involve an initial examination of the underground characteristics of the vein structure that was identified by Phase 1 of the exploration.  Phase 2 is aimed at identifying any mineral deposits of potential economic importance.  The methods employed are

| | * 
* 
* | more extensive trenching
more advanced geophysical work
drift driving
| | ------- | ---------------------------------------------------------------------

Drift driving is the process of constructing a tunnel to take samples of minerals for testing.  Later, the tunnels can be used for mining minerals.  The geophysical work gives a general understanding of the location and extent of mineralization at depths that are unreachable by surface excavations and provides a target for more extensive trenching and core drilling.  Trenching identifies the continuity and extent of mineralization, if any, below the surface.  After a thorough analysis of the data collected in Phase 2, we will decide if the property warrants a Phase 3 study.





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Phase 2 will take about 3 months and cost up to $40,000.

Phase 3 is aimed at precisely defining the depth, the width, the length, the tonnage and the value per ton of any mineral body.  This is accomplished through extensive drift driving.  Phase 3 will take about 6 months and cost up to $80,000.

The breakdown of estimated times and dollars for each phase was made by the board of directors in consultation with Locke Goldsmith.

We do not intend to interest other companies in the property if we find mineralized materials.  We intend to try to develop the reserves ourselves.

We will not move on to a subsequent phase until the phase that we are working on is completed.  We will not move forward with Phase 1 until we have thoroughly reviewed the report by Locke Goldsmith and have examined our options and alternatives.

Competitive Factors

The mining industry is fragmented.  We compete with other exploration companies looking for minerals.  We are a small exploration company in a large mining market.  While we compete with other exploration companies, there is no competition for the exploration or removal of mineral from our property.  Readily available gold and other valuable mineral markets exist in Canada and around the world for the sale of gold and other valuable minerals.  Therefore, we expect that we would be able to sell any gold or valuable minerals that we are able to recover.

Regulations

Our mineral exploration program is subject to the Canadian Mineral Tenure Act Regulation.  This Act sets forth rules for

| | * 
* 
* 
* | locating claims
posting claims
working claims
reporting work performed
| | ---------- | ----------------------------------------------------------------------

We are also subject to the British Columbia Mineral Exploration Code that tells us how and where we can explore for minerals.  We must comply with these laws to operate our business.   Compliance with these rules and regulations will not adversely affect our operations.

Environmental Law

We are also subject to the Health, Safety and Reclamation code for Mines in British Columbia.  This code deals with environmental matters relating to the exploration and development of mining properties.  Its goals are to protect the environment through a series of regulations affecting:





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| | * 
* 
* | Health and Safety
Archaeological Sites
Exploration Access
| | ------- | ---------------------------------------------------------

We are responsible for providing a safe working environment, not disrupt archaeological sites, and conduct our activities to prevent unnecessary damage to the property.

We will secure all necessary permits for exploration and, if development is warranted on the property, will file final plans of operation before we start any mining operations.  We anticipate no discharge of water into active streams, creeks, rivers, lakes or any other body of water regulated by environmental law or regulation.  No endangered species will be disturbed.  Restoration of the disturbed land will be completed according to law.  All holes, pits and shafts will be sealed upon abandonment of the property.

We are in compliance with the Act and will continue to comply with the Act in the future.  We believe that compliance with the Act will not adversely affect our business operations in the future.

Exploration stage companies have no need to discuss environmental matters except as they relate to exploration activities.  The only cost and effect of compliance with environmental regulations in British Columbia is returning the surface to its previous condition upon abandonment of the property.  We cannot speculate on those costs in light of our ongoing plans for operations.

Employees and Employment Agreements

At present, we have no employees, other than Mr. Achron, our sole officer and director. Mr. Achron is a part-time employee who devotes about 10% of his time to our operation.  Mr. Achron does not have an employment agreement with us.  We presently do not have pension, health, annuity, insurance, stock options, profit sharing or similar benefit plans; however, we may adopt plans in the future.  There are presently no personal benefits available to Mr. Achron.  Mr. Achron handles much of our administrative duties.  Because Mr. Achron is inexperienced with exploration, he will hire qualified persons to perform the surveying, exploration, and excavating of our property. At the present time, we are not intending to look for or talk to any geologists or engineers who will perform work for us in the future other than Locke Goldsmith.

Available Information and Reports to Securities Holders

We are subject to the information and periodic reporting requirements of the Securities Exchange Act and, accordingly, will file periodic reports, proxy statements and other information with the Securities and Exchange Commission.  Such periodic reports, proxy statements and other information will be available for inspection and copying at the Commission's public reference room and the website of Commission's Public Reference Room located at 450 Fifth Street N.W., Washington D.C. 20549.  Please call the Commission at 1-800-SEC-0330 for further information about the public reference rooms.  Our filings with the Commission are also available to the public from the Commission's website at http://www.sec.gov.





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ITEM 2.   DESCRIPTION OF PROPERTIES.

In July 2000, Richard A. Achron, our sole officer and director, entered into an oral agreement with Locke Goldsmith, an unrelated third party, to stake one property containing two unpatented mining claims in Reco Mining area, Sandon, Slocan Mining Division, British Columbia, Canada.  The claims were conveyed by Mr. Goldsmith to Mr. Achron.  The claims are recorded in Mr. Achron's name, however, title to the claims has been conveyed to us by an unrecorded deed.  The property is located on the upper slopes of Reco Mountain and the north end of the Kokanee Range in the Selkirk Mountains.  It is situated approximately three miles south of Highway 31A, approximately ten miles east of the village of New Denver.

Our administrative office is located at 11960 Hammersmith Way, Suite 155, Richmond, British Columbia, Canada  V7A 5C9, telephone (604) 275-8994 and our registered statutory office is located at 101 Convention Center Drive, Suite 700, Las Vegas, Nevada 89109. Our offices are donated rent-free by our president.

ITEM 3.   LEGAL PROCEEDINGS.

We are not a party to any pending litigation and none is contemplated or threatened.

ITEM 4.   SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

There were no matters submitted to the shareholders during the fourth quarter of 2002.

PART II

ITEM 5.   MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDERS MATTERS.

At December 31, 2002 we had 41 shareholders of record of our common stock, including shares held by brokerage clearing houses, depositories or otherwise in unregistered form.  The beneficial owners of such shares are not known to us.  Our common stock is traded over-the-counter on the Bulletin Board operated by the National Association of Securities Dealers, Inc. under the symbol "OBAN".  The table shows the high and low bid of our common stock since May 13, 2002, when our securities began trading.  The quotations reflect inter-dealer prices, without retail mark-up, mark-down or commission and may not represent actual transactions.  No trades have been affected on the Bulletin Board since our shares were listed for trading on May 13, 2002.



|Quarter ended: | High Bid | Low Bid
|-------------- | -------- | -------
|2002           |          |        
|June 30        | .05      | .01    
|September 30   | .05      | .01    
|December 31    | .05      | .01    





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There are no plans, proposals, arrangements or understandings with any person with regards to the development of a trading market in any of our securities.

There are no outstanding options or warrants, or other securities convertible into common equity.  Of the 7,000,000 shares of common stock outstanding as of December 31, 2002, 5,000,000 shares are restricted securities and may only be resold in compliance with Rule 144 of the Securities Act of 1933 and 2,000,000 are deemed free trading.

We issued 2,000,000 shares of common stock through our public offering that closed on March 12, 2002 and raised $100,000.

There was no underwriter for our shares of common stock.  Since the effective date of the offering, from the $100,000 raised, we have incurred $3,266 for the cost of maintaining and exploring our property; $14,146 for legal fees; $4,892 in audit fees; $1,050 for filing fees; $1,094 in transfer agent fees; and $4,792 in general administration and office costs for a total of $29,240.

We have not declared any cash dividends, nor do we intend to do so.  We are not subject to any legal restrictions respecting the payment of dividends, except that they may not be paid to render us insolvent.  Dividend policy will be based on our cash resources and needs and it is anticipated that all available cash will be needed for our operations in the foreseeable future.

SEC Rule 15g

Our Company's shares are covered by Rule 15g of the Securities Exchange Act of 1934, as amended that imposes additional sales practice requirements on broker/dealers who sell such securities to persons other than established customers and accredited investors (generally institutions with assets in excess of $5,000,000 or individuals with net worth in excess of $1,000,000 or annual income exceeding $200,000 or $300,000 jointly with their spouses). For transactions covered by the Rule, the broker/dealer must make a special suitability determination for the purchase and have received the purchaser's written agreement to the transaction prior to the sale. Consequently, the Rule may affect the ability of broker/dealers to sell our securities and also may affect your ability to sell your shares in the secondary market.

Section 15(g) of the Exchange Act also imposes additional sales practice requirements on broker/dealers who sell penny securities. These rules require a one-page summary of certain essential items. The items include the risk of investing in penny stocks in both public offerings and secondary marketing; terms important to in understanding of the function of the penny stock market, such as "bid" and "offer" quotes, a dealers "spread" and broker/dealer compensation; the broker/dealer compensation, the broker/dealers duties to its customers, including the disclosures required by any other penny stock disclosure rules; the customers rights and remedies in causes of fraud in penny stock transactions; and, the NASD's toll free telephone number and the central number of the North American Administrators Association, for information on the disciplinary history of broker/dealers and their associated persons.





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ITEM 6.   MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULT OF OPERATIONS.

Cautionary Statement Regarding Forward-looking Statements

Some discussions in this report may contain forward-looking statements that involve risks and uncertainties.  A number of important factors could cause our actual results to differ materially from those expressed in any forward-looking statements made by us in this report.  Such factors include, those discussed in "Risk Factors", "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Business", as well as those discussed elsewhere in this report.  Forward-looking statements are often identified by words like: believe, expect, estimate, anticipate, intend, project and similar expressions, or words which, by their nature, refer to future events.

Financial Condition, Liquidity and Capital Resources

Our company is engaged in exploration of our property.  Our Company's principal capital resources have been acquired through issuance of common stock and from shareholder loans.

We are a start-up, exploration stage corporation and have not yet generated or realized any revenues from our business operations.

In our audited financial statements ended December 31, 2002, our auditors had issued a going concern opinion.  This means that our auditors believed there is doubt that we can continue as an on-going business unless we obtain additional capital to maintain our existence and to commence exploration of our mineral claims.

As at December 31, 2002, the Company had cash resources of $70,810.  We do not know how long the money will last, however, we do believe it will last twelve months.  It depends upon the amount of exploration we conduct and the cost thereof.

Plan of Operations

Our success depends upon finding mineralized material.  Mineralized material is a mineralized body that has been delineated by appropriate spaced drilling or underground sampling to support sufficient tonnage and average grade of metals to justify removal.

During the year, we began Phase I of our research and exploration program.  We began the research of available geologic literature.  We also hired Locke Goldsmith to initiate an orientation program consisting of geological mapping and collection of soil samples for geochemical analysis on the Alta claims.  The program commenced in early November 2002.

The orientation geochemical survey was initiated on one line along part of the southern sector of Alta 2 claim.  Seventeen samples were collected from approximately 30 cm below the humus layer, corresponding approximately to the "C" horizon.  Transported valley fill consisting of large boulders at several sites forced the collection of samples from shallower horizons.  Samples were placed in wet strength paper envelopes and taken to ALS Chemex labs of North Vancouver, British Columbia, Canada, where they were dried, screened to -180 um and the fine fraction analyzed for silver, lead and zinc. The statistical





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data as summarized in Mr. Goldsmith's report to us dated December 7, 2002 indicated four samples contained anomalous silver and lead values, and one sample contained an anomalous zinc value.  Field notes taken at the time of sample collection described the nature of the rock fragments as rounded, indicating that the rock and soil have been moved along distances by stream transport and not derived from bedrock sources nearby.

Prospecting throughout the eastern section of the property also did not locate mineralization.  The report concluded that the transported components and nature of soils in the southern part of the Alta claims were not suitable for development of geochemical patterns that could lead to concealed mineralization in bedrock.  Prospecting did not discover any potential sites for additional exploration.

It was recommended that no further work be planned for the property.  We are evaluating the recommendations of the report and will be engaging in further discussions with Locke Goldsmith on what options are available to us regarding these claims and other mining prospects.  We will not proceed with further work on Phase 1 and will not commence Phase 2 until we have had the opportunity to thoroughly evaluate our options.

Results of Operations

From Inception on September 20, 2000

From September 20, 2000 to present, we have engaged in no significant operations other than organizational activities, acquiring and staking our first property, preparation for registration of our securities, completing our public offering, and beginning Phase 1 of our exploration plan.

Since inception, we have used our common stock to raise money for the property acquisition, for corporate expenses and to repay outstanding indebtedness. Net cash provided by the sale of shares from inception on September 20, 2000 to December 31, 2002 was $100,050.  In addition a related party advanced a total of $15,927 to us which must be repaid.

From inception we have spent $4,092 on our property.  This includes $826 for the cost of staking, $760 and $706 for assessment work to maintain the property in each of 2001 and 2002 respectively, and $1,800 for the orientation program consisting of geological mapping and collection of soil samples for geochemical analysis on the Alta claims.

We have spent a total of $29,496 for legal fees of which $25,000 was for the preparation and filing of the registration statement, $3,750 was for the preparation and filing of the quarterly and annual financial statements and $746 was for Canadian legal advice and services.

We have spent a total of $6,392 for audit fees of which $3,000 was related to the filing of the registration statement, $1,000 for the December 31, 2001 financial statements and $2,392 was for the quarterly and annual financial statements for the 2002 year.

From inception, $1,050 was spent on filing fees, $1,144 for transfer agent fees, and $5,543 was spent for office administration and general office costs.





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Liquidity and Capital Resources

As of the date of this report, we have yet to generate any revenues from our business operations. We issued 5,000,000 shares of common stock through a Section 4(2) offering in September 2000 to Richard A. Achron, our sole officer and director.  This was accounted for as a cash shares purchase of $50.

A related party advanced the total sum of $15,927.  $15,000 was used for legal fees relating to organizational and start-up costs, $826 was used to pay Locke Goldsmith for the initial claims and $101 was used for general office expenses and operating capital. The loans do not bear interest and have not been paid as of the date hereof.  There are no documents reflecting the loan and they are not due on a specific date.  Mr. Achron will accept repayment from us when money is available.

As at December 31, 2002, we had cash resources of $70,810.  We had accounts payable and accrued liabilities of $18,477.  This was primarily comprised of the $15,927 loan from Mr. Achron, $1,500 for audit fees, $650 for office administration fees, $50 for transfer agent fee, and $350 for legal fees.

ITEM 7.   FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.



|TABLE OF CONTENTS                           |          
|------------------------------------------- | ---------
|                                            |          
|INDEPENDENT AUDITORS' REPORT                | F-1      
|FINANCIAL STATEMENTS                        |          
|Balance Sheet                               | F-2      
|Statement of Operations                     | F-3      
|Statement of Stockholder's Equity (Deficit) | F-4      
|Statement of Cash Flows                     | F-5      
|NOTES TO THE FINANCIAL STATEMENTS           | F-6 - F-8

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INDEPENDENT AUDITORS' REPORT

To the Director 
Oban Mining Inc.

We have audited the accompanying balance sheets of Oban Mining Inc. (an exploration stage company) as at December 31, 2002 and 2001 and the related statements of operations, stockholders' equity (deficiency) and cash flows for the year ended December 30, 2002 and 2001 and cumulative from inception on September 20, 2000 to December 31, 2002.  These financial statements are the responsibility of the Company's management.  Our responsibility is to express an opinion on these financial statements based on our audit.

We conducted our audits in accordance with United States generally accepted auditing standards.  Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement.  An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements.  An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation.  We believe that our audit provides a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Oban Mining Inc. at December 31, 2002 and December 31, 2001 and the results of its operations and its cash flows for the years then ended and cumulative from inception on September 20, 2000 to December 31, 2002 in conformity with United States generally accepted accounting principles.

The accompanying financial statements have been prepared assuming the Company will continue as a going concern.  As discussed in Note 1 to the financial statements, the Company is in the exploration stage with respect to its mineral property.  The Company has not determined whether the exploration property contains ore reserves that are economically recoverable.  At December 31, 2002 the Company has nominal cash resources and requires new financing to maintain operations and initiate exploration work on its mineral property.  These factors together raise substantial doubt about its ability to continue as a going concern.  Management's plans in regards to these matters are also described in Note 1.  The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

|Vancouver, B.C.
January 24, 2003           | 
|------------------------------------------ | 
|"Hoogendoorn Vellmer"Chartered Accountants





F-1

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|OBAN MINING INC.
(An Exploration Stage Company)
Balance Sheet
|-------------------------------------------------------------
|                                                             
|                                                             

ASSETS

|             |        |    
|------------ | ------ | ---
|CurrentCash  | 70,810 | 337
|Total Assets | 70,810 | 337

LIABILITIES

|Current Accounts payable and accrued liabilities | 2,550  | 16,471
|------------------------------------------------ | ------ | ------
|Advances from a related party (Note 5)           | 15,927 | 15,927
|Total Liabilities                                | 18,477 | 32,398

STOCKHOLDERS' EQUITY (DEFICIENCY)

|Common Stock (Note 4)                                                                                                  |          |         
|---------------------------------------------------------------------------------------------------------------------- | -------- | --------
|Authorized:  100,000,000 shares, $0.00001 par value
Issued and outstanding: 7,000,000 shares 
(2001: 5,000,000 shares) | 70       | 50      
|                                                                                                                       |          |         
|Additional paid-in capital                                                                                             | 99,980   | -       
|Deficit Accumulated During the Exploration Stage                                                                       | (47,717) | (32,111)
|                                                                                                                       | 52,333   | (32,061)
|Total Liabilities and Stockholders' Equity (Deficiency)                                                                | 70,810   | 337     











See Accompanying Notes to the Financial Statements

F-2

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|OBAN MINING INC.
(An Exploration Stage Company)
Statement of Operations
|-----------------------------------------------------------------------
|                                                                       
|                                                                       
|Revenue                                                                
|                                                                       
|Mineral property costs                                                 
|General and Administrative Expenses                                    
|Accounting and administration                                          
|Audit fees                                                             
|Bank charges                                                           
|Filing fees                                                            
|Legal fees                                                             
|Office                                                                 
|Transfer agent fees                                                    
|                                                                       
|Net Loss                                                               
|Basic Loss Per Share                                                   
|Weighted Average Number of Shares
Outstanding                          







See Accompanying Notes to the Financial Statements

F-3

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|OBAN MINING INC.
(An Exploration Stage Company)
Statement of Stockholders' Equity (Deficiency)
|----------------------------------------------------------------------------------------------
|From Inception (September 20, 2000) to December 31, 2002                                      
|                                                                                              
|                                                                                              
|                                                                                              
|                                                                                              
|Balance, September 20, 2000                                                                   
|                                                                                              
|Common stock issued for cash                                                                  
|                                                                                              
|Net loss for the period                                                                       
|                                                                                              
|Balance, December 31, 2000                                                                    
|Net loss for the year                                                                         
|Balance, December 31, 2001                                                                    
|Common stock issued for cash                                                                  
|Net loss for the year                                                                         
|Balance, December 31, 2002                                                                    











See Accompanying Notes to the Financial Statements

F-4

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|OBAN MINING INC.
(An Exploration Stage Company)
Statement of Cash Flows
|-----------------------------------------------------------------------
|                                                                       
|                                                                       
|Cash Flows From Operating Activities                                   
|                                                                       
|Loss from operations                                                   
|                                                                       
|Cash provided by (used in) changes in operating 
assets and liabilities
|Increase (decrease) in accounts payable                                
|Net cash (used in) provided by operating activities                    
|                                                                       
|                                                                       
|Cash Flows From Financing Activities                                   
|                                                                       
|Issuance of common stock for cash                                      
|Advances from a related party                                          
|Net cash provided by financing activities                              
|                                                                       
|Increase in cash                                                       
|                                                                       
|Cash at beginning of period                                            
|                                                                       
|Cash at end of period                                                  









See Accompanying Notes to the Financial Statements

F-5

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|OBAN MINING INC.
(An Exploration State Company)
Notes to the Financial Statements
|---------------------------------------------------------------------------------

NOTE 1 - ORGANIZATION, DESCRIPTION OF BUSINESS AND BASIS OF FINANCIAL STATEMENT PRESENTATION

The Company was incorporated in the State of Nevada on September 20, 2000.  Since inception, the Company has acquired 2 mineral claims collectively known as the Alta property, in the Slocan Mining Division, Province of British Columbia, Canada.

The ability of the Company to maintain its existence and commence exploration of its mineral claims is dependent upon it raising sufficient new equity financing.  The commencement of principal operations is dependent upon the discovery of economically recoverable ore reserves, confirmation of the Company's interest in the mineral claims, the ability of the Company to obtain necessary financing to complete development, and future profitable production or proceeds from the sale of all or an interest in the mineral claims.  The likely outcome of these future events is indeterminable.  The financial statements do not include any adjustments to reflect the possible future effect on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the outcome of this uncertainty.

Based on the poor results of prospecting on its Alta property to date, management is re-evaluating its future exploration intentions on that property. Management may decide to cease further exploration of that property and allow its interest in the claims to lapse in 2003.

The financial statements present the Company as an exploration stage company as defined in SEC Guide 7.  As it has neither commenced principal operations nor generated any revenue, the accompanying financial statements also provide disclosures specified in SFAS No. 7 "Accounting and Reporting by Development Stage Enterprises".

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Mineral property costs

All exploration and maintenance costs incurred on the mineral property are to be expensed as incurred until it has been determined that the mineral property can be economically developed.  Development costs thereafter will be capitalized.  All capitalized costs are to be amortized over the estimated productive life of the property if it is placed into commercial production.  If a property is sold or allowed to lapse, the related costs are charged to operations in the period.

The carrying value of the mineral property is subject to periodic review for impairment whenever events and changes in circumstances indicate that the carrying value of the asset may not be recoverable.  Any losses are to be charged to operations at the time impairment is determined.

Use of estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.  Actual results could differ from those estimates.

F-6

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|OBAN MINING INC.
(An exploration Stage Company)
Notes to the Financial Statements
|---------------------------------------------------------------------------------

Financial instruments and financial risk

The Company's financial instruments consist of cash, accounts payable and accrued liabilities and advances from related party.  The fair value of the current assets and liabilities approximate their carrying amounts due to the short-term nature of these instruments.

Loss per share

Basic loss per common share has been calculated based on the weighted average number of shares of common stock outstanding during the period.

Income Taxes

The Company accounts for income taxes under an asset and liability approach that requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been recognized in the Company's financial statements or tax returns.  In estimating future tax consequences, all expected future events other than enactment of changes in the tax laws or rates are considered.

Due to the uncertainty regarding the Company's future profitability, the future tax benefits of its losses have been fully reserved for and no net tax benefit has been recorded in the financial statements.

NOTE 3 - MINERAL PROPERTY

The Company owns 2 mineral claims known as Alta 1 and 2 situated in the Slocan Mining Division, Province of British Columbia, Canada.

The claims were acquired by staking. Interest in the claims is held in the name of the President of the Company, who holds them in trust for the benefit of the Company pursuant to a trust agreement.

NOTE 4 - COMMON STOCK

In the year ended December 31, 2000, the Company issued 5,000,000 common shares for cash consideration of $50 to Richard A. Achron.

In the year ended December 31, 2002, the Company issued 2,000,000 common shares at $0.05 per share by way of a share offering, for total cash consideration of $100,000.

There are no shares subject to warrants, agreements or options at December 31, 2002 (December 31, 2001: nil).

F-7

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|OBAN MINING INC.
(An exploration Stage Company)
Notes to the Financial Statements
|---------------------------------------------------------------------------------

NOTE 5 - RELATED PARTY TRANSACTIONS

The Company owes $15,927 to its President at December 31, 2002 for advances made to the Company (December 31, 2000: $15,927). These advances do not bear interest and are due on demand.

NOTE 6 - INCOME TAXES

No provision for income taxes has been made for the periods presented as the Company has incurred net losses.

The potential benefit of the net operating losses carried forward have not been recognized in the financial statements since the Company cannot be assured that it is more likely than not that such benefit will be utilized in future years.  The components of the net deferred tax asset, the statutory tax rate, the effective tax rate, and the elected amount of the valuation allowance are as follows:



|                                                          | Deficit Accumulated from September 20, 2000 (Inception) to December 31, 2002 | Year
Ended December 31, 2002 | Year
Ended December 31, 2002
|--------------------------------------------------------- | ---------------------------------------------------------------------------- | ---------------------------- | ----------------------------
|                                                          | $                                                                            | $                            | $                           
|Net operating loss carry forward (expiring 2020 and 2021) | 47,717                                                                       | 15,606                       | 12,777                      
|Statutory tax rate                                        | 15%                                                                          | 15%                          | 15%                         
|Effective tax rate                                        | -                                                                            | -                            | -                           
|                                                          |                                                                              |                              |                             
|Total deferred tax assets                                 | 7,158                                                                        | 2,341                        | 1,917                       
|Less: valuation allowance                                 | (7,158)                                                                      | (2,341)                      | (1,917)                     
|Net deferred tax assets                                   | -                                                                            | -                            | -                           

NOTE 7 - COMPARATIVE FIGURES

Certain comparative figures for the 2001 fiscal year have been reclassified to conform to the current year's presentation.

F-8

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ITEM 8.   CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE.

There have been no disagreements on accounting and financial disclosures from the inception of the Company through the date of this Form 10-KSB. Our financial statements for the period from inception to December 31, 2002, included in this report have been audited by Hoogendoorn Vellmer, Chartered Accountants, 406 - 455 Granville Street, Vancouver, British Columbia, Canada V6C 1T1, as set forth in their report included herein.

ITEM 9.   DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS; COMPLIANCE WITH SECTION 16(a) OF THE EXCHANGE ACT.

The name, age and position held by our sole director and officer of the Company is as follows:



|Name and Address                                                                             | Age | Positions                                                                                              
|-------------------------------------------------------------------------------------------- | --- | -------------------------------------------------------------------------------------------------------
|Richard A. Achron
11960  Hammersmith Way
Suite 155
Richmond, British Columbia
Canada V7A 5C9 | 59  | president, secretary, treasurer, principal accounting officer and sole member of the board of directors

Mr. Achron has held his position as our sole officer and director since our inception and is expected to hold his office/position until the next annual meeting of our stockholders.

Background of Officers and Directors

Richard A. Achron has been our president, secretary, treasurer, principal accounting officer and sole member of our board of directors since inception.  Since 1989, Mr. Achron has been the president, sole shareholder and director of Kingman Industries Ltd., a company that manufactures and sells plastic strip curtains for walk-in coolers, freezers and dock doors and other products related to the food industry.

Conflicts of Interest

We believe that Richard A. Achron will be subject to conflicts of interest.  The conflicts of interest arise from Mr. Achron's devotion of duties to other businesses unrelated to exploration or mining

Involvement in Certain Legal Proceedings

To our knowledge, during the past five years, our officer and director has: (1) not filed a petition under the federal bankruptcy laws or any state insolvency law, nor had a receiver, fiscal agent or similar officer appointed by a court for the business or present of such a person, or any partnership in which he was a general partner at or within two yeas before the time of such filing, or any corporation or business association of which he was an executive officer within two years before the time of such filing; (2) were convicted in a criminal proceeding or named subject of a pending criminal

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proceeding (excluding traffic violations and other minor offenses); (3) were the subject of any order, judgment or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction, permanently or temporarily enjoining him from or otherwise limiting the following activities: (i) acting as a futures commission merchant, introducing broker, commodity trading advisor, commodity pool operator, floor broker, leverage transaction merchant, associated person of any of the foregoing, or as an investment advisor, underwriter, broker or dealer in securities, or as an affiliated person, director of any investment company, or engaging in or continuing any conduct or practice in connection with such activity; (ii) engaging in any type of business practice; (iii) engaging in any activity in connection with the purchase or sale of any security or commodity or in connection with any violation of federal or state securities laws or federal commodity laws; (4) were the subject of any order, judgment or decree, not subsequently reversed, suspended or vacated, of any federal or state authority barring, suspending or otherwise limiting for more than 60 days the right of such person to engage in any activity described above under this Item, or to be associated with persons engaged in any such activity; (5) were found by a court of competent jurisdiction in a civil action or by the Securities and Exchange Commission to have violated any federal or state securities law and the judgment in subsequently reversed, suspended or vacate; (6) were found by a court of competent jurisdiction in a civil action or by the Commodity Futures Trading Commission to have violated any federal commodities law, and the judgment in such civil action or finding by the Commodity Futures Trading Commission has not been subsequently reversed, suspended or vacated.

ITEM 10.  EXECUTIVE COMPENSATION.

The following table sets forth information with respect to compensation paid by the Company to the Chief Executive Officer and the other highest paid executive officers (the "Named Executive Officer") during the three most recent fiscal years.

Summary Compensation Table

| |  |  | Long Term Compensation | 
| |  |  | ---------------------- | 

| |  | Annual Compensation | Awards | Payouts | 
| |  | ------------------- | ------ | ------- | 

|(a)                                                          | (b)            | (c)         | (d)       | (e)                            | (f)                           | (g)                                      | (h)              | (i)                       
|------------------------------------------------------------ | -------------- | ----------- | --------- | ------------------------------ | ----------------------------- | ---------------------------------------- | ---------------- | --------------------------
|Name and Principal Position [1]                              | Year           | Salary  ($) | Bonus ($) | Other Annual Compen-sation ($) | Restricted Stock Award(s) ($) | Securities Underlying Options / SARs (#) | LTIP Payouts ($) | All Other Compensation ($)
|Richard A. Achron
President, Secretary- Treasurer & Director | 2002
2001
2000 | 0
0
0       | 0
0
0     | 0
0
0                          | 0
0
0                         | 0
0
0                                    | 0
0
0            | 0
0
0                     

[1] All compensation received by our sole officer and director has been disclosed.

There are no stock option, retirement, pension, or profit sharing plans for the benefit of our sole officer and director.

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Option/SAR Grants

No individual grants of stock options, whether or not in tandem with stock appreciation rights ("SARs") and freestanding SARs have been made to any executive officer or any director since our inception, accordingly, no stock options have been exercised by our sole officer or director in fiscal 2002.

Long-Term Incentive Plan Awards

We do not have any long-term incentive plans that provide compensation intended to serve as incentive for performance to occur over a period longer than one fiscal year, whether such performance is measured by reference to our financial performance, our stock price, or any other measure.

Compensation of Directors.

The directors did not receive any other compensation for serving as members of the board of directors. The Board has not implemented a plan to award options. There are no contractual arrangements with any member of the board of directors.

We do not expect to pay any salaries to our sole our officer until such time as we generate sufficient revenues to do so.  As of the date hereof, we have not entered into employment contracts with our sole officer and we do not intend to enter into any employment contracts until such time as it profitable to do so.

Indemnification



Pursuant to the articles of incorporation and bylaws of the corporation, we may indemnify an officer or director who is made a party to any proceeding, including a law suit, because of his position, if he acted in good faith and in a manner he reasonably believed to be in our best interest. In certain cases, we may advance expenses incurred in defending any such proceeding. To the extent that the officer or director is successful on the merits in any such proceeding as to which such person is to be indemnified, we must indemnify him against all expenses incurred, including attorney's fees. With respect to a derivative action, indemnity may be made only for expenses actually and reasonably incurred in defending the proceeding, and if the officer or director is judged liable, only by a court order. The indemnification is intended to be to the fullest extent permitted by the laws of the state of Nevada.

Regarding indemnification for liabilities arising under the Securities Act of 1933 which may be permitted to directors or officers pursuant to the foregoing provisions, we are informed that, in the opinion of the Securities and Exchange Commission, such indemnification is against public policy, as expressed in the Act and is, therefore unenforceable.

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ITEM 11.   SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND  MANAGEMENT.

Security Ownership of Certain Beneficial Owners

The following table sets forth, as of February 14, 2003, the beneficial shareholdings of persons or entities holding five percent or more of our common stock, our director and executive officer individually, and our sole director and officer as a group. Each person has sole voting and investment power with respect to the shares of common stock shown, and all ownership is of record and beneficial.

|Name of Beneficial Owner                         | Amount and
Nature of
Beneficial Owner | Position                                                                                                                | Percent
Of Class
|------------------------------------------------ | ------------------------------------- | ----------------------------------------------------------------------------------------------------------------------- | ----------------
|                                                 |                                       |                                                                                                                         |                 
|Richard A. Achron                                | 5,000,000                             | President, Chief Executive Officer, Secretary/Treasurer, Chief Financial Officer and a member of the Board of Directors | 71.4 %          
|All officers and Directors as a Group
(1 Person) | 5,000,000                             |                                                                                                                         | 71.4 %          

Changes in Control

To the knowledge of management, there are no present arrangements or pledges of our securities that may result in a change in our control of the Company.

Equity Compensation Plans

We have no compensation plans (including individual compensation arrangements) under which securities are authorized for issuance.

ITEM 12.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.

In September 2000, we issued a total of 5,000,000 shares of restricted common stock to Richard A. Achron, our sole officer and director.  This was accounted for as a cash share purchase of $50.

Since our inception, Mr. Achron advanced loans to us in the total sum of $15,927, which were used for organizational and start-up costs and operating capital. The loans do not bear interest and have not been paid as of the date hereof.  There are no documents reflecting the loan and they are not due on a specific date.  Mr. Achron will accept repayment from us when money is available.

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PART IV

ITEM 13.  EXHIBITS AND REPORTS ON FORM 8-K.

Reports on Form 8-K

No Form 8-Ks has been filed since inception.

Exhibits

The following Exhibits are incorporated herein by reference from the Registrant's Form SB-2 Registration Statement filed with the Securities and Exchange Commission, SEC file #333-53894 on January 18, 2001.  Such exhibits are incorporated herein by reference pursuant to Rule 12b-32:

| | Exhibit No.                          | Document Description                                                                                                                                                                                              
| | ------------------------------------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | 3.1
3.2
4.1
10.1
10.2
10.3
10.4
99.1 | Articles of Incorporation.
Bylaws.
Specimen Stock Certificate.
Record of Posting by Locke Goldsmith
Record of Posting by Locke Goldsmith
Bill of Sale from Locke Goldsmith
Trust Agreement
Subscription Agreement.

ITEM 14.  CONTROLS AND PROCEDURES

The Company maintains disclosure controls and procedures that are designed to ensure that information required to be disclosed in the Company's Securities Exchange Act of 1934 reports is recorded, processed, summarized and reported within the time periods specified in the SEC's rules and forms, and that such information is accumulated and communicated to the Company's management, including its Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure.

Within 90 days prior to the date of this report, the Company's management carried out an evaluation, under the supervision and with the participation of the Company's management, including the Company's Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of the Company's disclosure controls and procedures pursuant to Exchange Act Rule 13a-14.  Based upon the foregoing, the Company's Chief Executive Officer and Chief Financial Officer concluded that the Company's disclosure controls and procedures are effective in connection with the filing of this Annual Report on Form 10-KSB for the year ended December 31, 2002.

There were no significant changes in the Company's internal controls or in other factors that could significantly affect these controls subsequent to the date of their evaluation, including any significant deficiencies or material weaknesses of internal controls that would require corrective action.











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SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, on this 14th day of February, 2003.

| | OBAN MINING INC.(Registrant)                                                                                                                    
| | ------------------------------------------------------------------------------------------------------------------------------------------------
| |                                                                                                                                                 
| | BY:                                                                                                                                             
| | Richard A. Achron, President, Principal Executive Officer, Secretary/Treasurer, Principal Financial Officer and member of the Board of Directors

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following person on behalf of the Registrant and in the capacities.

|Signatures                          | Title                                                                                                                   | Date      
|----------------------------------- | ----------------------------------------------------------------------------------------------------------------------- | ----------
|/s/ Richard AchronRichard A. Achron | President, Principal Executive Officer, 
Treasurer, Principal Financial Officer 
and a member of the Board of Directors | 02/14/2003









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SECTION 302 CERTIFICATION

I, Richard Achron, certify that:

1.   I have reviewed this annual report on Form 10-KSB of OBAN MINING INC.;

2.   Based on my knowledge, this annual report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this annual report;

3.   Based on my  knowledge, the financial statements, and other financial information included in this annual report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this annual report;

4.   I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:

a)   designed such disclosure controls and procedures to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this annual report is being prepared;

b)   evaluated the effectiveness of the registrant's disclosure controls and procedures as of a date within 90 days prior to the filing date of this annual report (the "Evaluation Date"); and

c)   presented in this annual report our conclusions about the effectiveness of the disclosure controls and procedures based on our evaluation as of the Evaluation Date;

5.   I have disclosed, based on our most recent evaluation, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a)   all significant deficiencies in the design or operation of internal controls which could adversely affect the registrant's ability to record, process, summarize and report financial data and have identified for the registrant's  auditors any material weaknesses in internal controls; and

b)   any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal controls; and

6.   I have indicated in this annual report whether there were significant changes in internal controls or in other factors that could significantly affect internal controls subsequent to the date of our most recent evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.

Date: February 14, 2003

| | By: | /s/ Richard AchronRichard Achron, Principal Executive Officer and Principal Financial Officer
| | --- | ---------------------------------------------------------------------------------------------

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CERTIFICATION PURSUANT TO
18 U.S.C. SECTION 1350
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Annual Report of OBAN MINING INC. (the "Company") on Form 10-KSB for the period ended December 31, 2002 as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Richard Achron, Chief Executive and Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

1.   The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2.   The information contained in this Report fairly presents, in all material respects, the financial condition and results of operations of all the Company.

| | /s/ Richard AchronRichard Achron
Chief Executive Officer and Chief Financial Officer
February 14, 2003
| | ------------------------------------------------------------------------------------------------------
| |                                                                                                       















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