UNITED STATES

SECURITIES AND EXCHANGE COMMISSIONWASHINGTON, D. C. 20549

FORM 10-KSB

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

For the fiscal year ended December 31, 2006

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

For the transition period from ______________ to ______________

Commission File No. 000-50664

DRAVCO MINING INC.(Name of small business issuer in its charter)

Nevada                                                                 88-0474904 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.)

580 Hornby Street, Suite 210, Vancouver British Columbia, Canada V6C 3B6(Address of principal executive offices)

Issuers telephone number (604) 687-6991

|Securities registered under Section | 12 | (b) | of the Act: | None        
|----------------------------------- | -- | --- | ----------- | ------------
|Securities registered under Section | 12 | (g) | of the Act: | Common Stock

Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of theExchange Act during the past 12 months (or for such shorter period that the registrant wasrequired to file such reports), and (2) has been subject to such filing requirements for the past90 days. YES [ X ] NO [   ]Check if there is no disclosure of delinquent filers in response to Item 405 of Regulation S-Bcontained in this form, and no disclosure will be contained, to the best of the registrantsknowledge, in definitive proxy or information statements incorporated by reference in Part III ofthis Form 10-KSB or any amendment to this Form 10-KSB. [   ]Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 ofthe Exchange Act). YES [ X ] NO [   ]State issuers revenues for its most recent fiscal year. $0State the aggregate market value of the voting stock held by non-affiliates computed byreference to the price at which the stock was sold, or the average bid and asked prices of suchstock, as of a specified date within the past 60 days.





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As at January 31, 2007 there were 8,000,000 shares of voting common stock of the Company held by non-affiliates. The aggregate market value of the voting common stock held by the non-affiliates on January 31, 2007, computed at the price at which the stock was sold, was $400,000 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.

(ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PAST FIVE YEARS)

Not Applicable

APPLICABLE ONLY TO CORPORATE REGISTRANTS

State the number of shares outstanding of each of the issuers classes of common equity, as of the latest practicable date: January 31, 2007 - 18,000,000 Common Shares

DOCUMENTS INCORPORATED BY REFERENCE

A description of Documents Incorporated by Reference is contained in Item 13 of this Report.

Transitional Small Business Registrant Format: Yes [   ] No [ X ]























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PART I

Item 1.      Description of Business.

General

We were incorporated in the State of Nevada on September 20, 2000 as Dundee Mining Inc. On October 2, 2002, we changed our name to Dravco Mining Inc. We changed our name because we were advised by a Canadian corporation with a similar name that we might be infringing on the other corporation's trademark in Canada. While we believed we were not infringing on the other corporation's trademark, we also believed that it would not be economically worthwhile to engage in protracted litigation in Canada regarding the infringement issue.

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 580 Hornby Street, Suite 210, Vancouver, British Columbia Canada V6C 3B6. Our telephone number is (604) 687-6991.

Background

In July 2000, Rodney L. Lozinski, our sole officer and director, entered into an oral agreement with Locke Goldsmith, an unrelated third party, to stake one property containing ten unpatented mining claims in the Nickel Plate Mountain area of Hedley, Osoyoos Mining Division, British Columbia, Canada.

The claims were conveyed by Mr. Goldsmith to Mr. Lozinski and are recorded in Mr. Lozinski's name to avoid paying additional fees. The property is held in trust pursuant to a written declaration executed by Mr. Lozinski. Under British Columbia law, title to mining claims must be held by a British Columbia corporation or held by an individual who is a Canadian citizen.

Although the company continues to hold the property and maintain it in good standing, during the past fiscal year the company has been seeking other business opportunities.

On May 24, 2006, we entered into a Letter of Intent with Nevada Sunrise LLC to acquire 100% of the Golden Arrow Properties.

On October 31, 2006, the Letter of Intent was terminated as we were unable to raise the capital required under the terms of the agreement.

On December 14, 2006, we entered into a Letter of Intent with Pyro Pharmaceutical, Inc. to acquire 100% of the outstanding equity securities of Pyro Pharmaceuticals. The agreement is subject to us completing a private placement of not less than $3,000,000 at a price of not less than $0.75 per share, amongst other terms and conditions.

Item 2.      Description of Property.

In July 2000, Rodney L. Lozinski, our sole officer and director, entered into an oral agreement with Locke Goldsmith, an unrelated third party, to stake one property containing ten unpatented mining claims in the Nickel Plate Mountain area of Hedley, Osoyoos Mining Division, British Columbia, Canada.



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Claims

The property is comprised of ten claims. They are:

1.    Cahill #3 - Tenure No. 380915 was recorded on October 2, 2000 and expires on September 23, 2007 and contains approximately 62 acres.

2.    Cahill #4 - Tenure No. 380916 was recorded on October 2, 2000 and expires on September 23, 2007 and contains approximately 62 acres.

3.    Cahill #5 - Tenure No. 380917 was recorded on October 2, 2000 and expires on September 22, 2007 and contains approximately 62 acres.

4.    Cahill #6 - Tenure No. 380918 was recorded on October 2, 2000 and expires on September 23, 2007 and contains approximately 62 acres.

5.    Cahill #7 - Tenure No. 380919 was recorded on October 2, 2000 and expires on September 22, 2007 and contains approximately 62 acres.

6.    Cahill #8 - Tenure No. 380920 was recorded on October 2, 2000 and expires on September 23, 2007 and contains approximately 62 acres.

7.    Cahill #9 - Tenure No. 380921 was recorded on October 2, 2000 and expires on September 22, 2007 and contains approximately 62 acres.

8.    Cahill #10 - Tenure No. 380922 was recorded on October 2, 2000 and expires on September 22, 2007 and contains approximately 62 acres.

9.    Cahill #11 - Tenure No. 380923 was recorded on October 2, 2000 and expires on September 23, 2007 and contains approximately 62 acres.

10.  Cahill #12 - Tenure No. 380924 was recorded on October 2, 2000 and expires on September 23, 2007and contains approximately 62 acres.

Location and access

The property is located on the upper eastern slopes of Nickel Plate Mountain near the headwaters of Cahill Creek on the Thompson Plateau. The property is situated approximately three miles northeast of Highway 3 and approximately 3.2 miles east of the village of Hedley.

Two accessible roads lead to the north end of the property. The Nickel Plate Mine road departs northeasterly from Highway 3 at a point approximately two miles southeast of Hedley. The Apex Mountain road departs westerly from Highway 97 at Penticton. The two roads join at the headwaters of Cahill Creek where a dirt road branches southwesterly and passes through the entire property. Various spur roads within the property provide additional access.

History of previous work

The area around the property has been explored extensively since the 1890s. The property has no history of previous exploration. There is no evidence of mining on the property and there is no plant or equipment located on the property. There are no material engineering or geological reports concerning the property, other than governmental regional geological reports, which are known or available to us. There is no power source on the property.

Current state of exploration

In order to maintain the claims in good standing with the government we completed one day of prospecting in September 2001. Three rock samples and three soil samples were collected and tested. We found no gold in five of the samples and an insignificant amount of gold in one of our samples. Otherwise no work has been completed on the property.

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Physiography

The property lies between 1,700 and 1,900 feet above sea level. Vegetation is moderate at all levels. There is ample water and timber within the property to support exploration. The property is free of snow from April through December, allowing eight to nine months of exploration each year. The property is within easy commuting distance from Penticton, which is the nearest center with facilities.

Property geology

The main rock types occurring in the area are volcanic and sedimentary rocks. The foregoing was observed by Mr. Goldsmith when he visited the property. We have been advised by Mr. Goldsmith that gold may be found in some volcanic and sedimentary rock, however, not all volcanic and sedimentary rock contains gold. We do not know if there are potentially significant occurrences of economic mineralization on the property.

We currently maintain limited office space located at 580 Hornby Street, Suite 210, Vancouver British Columbia, Canada V6C. Effective January 1, 2006 we pay a nominal fee of $100 per month on a month-to-month basis. We do not believe that we will need to obtain additional office space at any time in the foreseeable future until we commence our exploration program.

Item 3.Legal Proceedings.

We are not party to any pending litigation and to the best of our knowledge none is contemplated or threatened.

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

There were no matters submitted to a vote of security holders during the fourth quarter of 2006.



PART II

Item 5.      Market for Common Equity and Related Stockholders Matters.

Market Information

On June 7, 2005, our common stock received approval for quotation on the National Association of Securities Dealers Inc.s Over-the-Counter Bulletin Board under the name Dravco Mining Inc. and under the symbol DVCO.

Our common shares are issued in registered form. Signature Stock Transfer, Inc., 2301 Ohio Drive, Suite 100, Plano, Texas 75093, (Telephone: (972) 612-4120; Facsimile: (972) 612-4122) is the registrar and transfer agent for our common shares.

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On June 6, 2006, the Companys Board of Directors declared a stock dividend on the basis of one (1) additional share of common stock for each one (1) share of common stock outstanding. The record date of the stock dividend was June 16, 2006; resulting in 18,000,000 shares of common stock outstanding. All per share amounts have been retroactively adjusted to reflect the forward stock split.

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.

Holders

As at January 31, 2007 the shareholders list of our common stock showed 37 registered shareholders and 18,000,000 shares outstanding.

Dividends

The Company has never declared any cash dividends with respect to its common stock and does not intend to declare dividends in the foreseeable future. There are no material restrictions limiting, or that are likely to limit the Companys ability to pay dividends in its common stock.

Recent Sales of Unregistered Securities

There were no sales of unregistered securities during the year ended December 31, 2006.

Section 15(g) of the Exchange Act

The Companys shares are covered by Section 15(g) 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 in the understanding of the function of the penny stock market, such as bid and offer quotes, a dealers spread and broker/deal 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 associates persons.

Securities Authorized for Issuance Under Equity Compensation Plans

There are no outstanding options or warrants to purchase, or securities convertible into, our common stock.

Use of Proceeds from Registered Securities

Our SB2 Registration Statement was declared effective on February 10, 2003 (Commission file no. 333-54044). We offered up to a total of 4,000,000 shares of common stock on a self-underwritten basis, 2,000,000 minimum, 4,000,000 shares maximum at the offering price of $0.05 per share. On March 10, 2004, we completed our public offering by raising $200,000. We sold 4,000,000 shares of our common stock at an offering price of $0.05 per share. No direct or indirect payments were made to directors, officers, general partners of the issuer or their associates in connection with the offer.

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Use of Proceeds - From February 10, 2003 (Effective Date of Registration Statement) to December 31, 2006

We completed our public offering on March 10, 2004, from the $200,000 raised, we have incurred $7,270 in mineral property costs, $27,471 in audit fees, $43,699 in legal fees; and $39,842 in general working capital, for a total of $118,282. This amount includes the $43,127 that was advanced by our President, Rodney Lozinski for expenses relating to organizational and start-up costs.

Item 6.      Managements Discussion and Analysis or Plan of Operation.

This section of this report contains forward-looking statements that are based on the current beliefs and expectations of management, as well as assumptions made by, and information currently available to, the Companys management. Because such statements involve risks and uncertainties, actual actions and strategies and the timing and expected results thereof may differ materially from those expressed or implied by such forward-looking statements. 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.

The following discussion and analysis of our financial condition and results of operations should be read in conjunction with the audited financial statements and accompanying notes and other financial information appearing elsewhere in this annual report on Form 10-KSB.

Plan of Operation

Our proposed exploration program

Our original plan of operation was to prospect for gold. Due to our failure to commence our exploration work on a timely basis our original geologist is no longer available to do work for us.

During the past year, we decided to explore alternative business opportunities.

On May 24, 2006 we entered into a Letter of Intent with Nevada Sunrise LLC to acquire the 100% interest in the Golden Arrow Property comprising 284 lode claims plus 17 patented claims covering a total land area of approximately 5,787 acres (2,342 ha) in Nye County, Nevada.

On October 31, 2006, the Letter of Intent to acquire the Golden Arrow Property was terminated.

On December 14, 2006, we entered into a Letter of Intent with Pyro Pharmaceuticals, Inc. whereby we agreed to complete an Agreement and Plan of Merger and Reorganization (the Definite Agreement) to acquire 100% of the outstanding equity securities of Pyro Pharmaceuticals, Inc. subject to us:

1. Issuing 10,000,000 restricted shares of common stock to the shareholders of Pyro Pharmaceuticals on a pro-rata basis of the shares held in Pyro Pharmaceuticals.

2. Cancelling the 10,000,000 restricted shares of common stock currently held by Rodney Lozinski, our current President and director.

3. Completing a private placement of not less than $3,000,000 at a price of not less than $0.75 per share.

4. Replacing our board of directors with individuals designated by Pyro Pharmaceuticals, Inc.

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The Definitive Agreement is subject to Pyro Pharmaceuticals, Inc. (Pyro) providing us with the following:

1. Confirmation of 100% of the shareholders of Pyro approving and participating in the transaction.

2. Financial statements as required by Item 310 of Regulation SB of the United States Securities and Exchange Commission (SEC) in order to permit us to make the SEC filings required in respect of the purchase and sale of the shares.

We are presently working towards the completion of the subject clauses.

Risk Factors

Our company is in the early development stage. The fact that we have not generated any revenues and accumulated losses since our incorporation raises substantial doubt about our ability to continue as a going concern, as indicated in our independent auditors opinion given in connection with our audited financial statements for the year ended December 31, 2006 and in the notes to the financial statements included with this annual report on Form 10-KSB.

Our company is in the early development stage. We have not generated any revenues since we incorporated on September 20, 2000. We have incurred a loss of $28,694 for the year ended December 31, 2006 and we have an accumulated deficit of $119,482 from the date of our incorporation on September 20, 2000 through the period ending December 31, 2006. We anticipate we will operate in a deficit position for the foreseeable future. We will require additional financing in order to fund the implementation of our business plan and to maintain our listing requirements. To date, our primary source of funds has been the sale of our common stock but there can be no assurance that we will be able to raise additional working capital through the sale of our common stock or through other means. If we cannot raise the working capital required for the development of our business, our business will fail. These circumstances raise substantial doubt about our ability to continue as a going concern as expressed in an explanatory note that forms part of our independent auditors report on our financial statements for the year ended December 31, 2006 and is included in the notes to the financial statements included with this annual report on Form 10-KSB.

Our sole director and officer is engaged in other full-time activities and he may not devote sufficient time to our business, which could have an adverse effect on our ability to conduct operations and generate revenues.

Our sole director and officer is involved in other business activities. Rodney Lozinski, our President, Chief Executive Officer and sole director is self-employed and maintains other businesses. As a result, our director and officer may not be able to devote sufficient time to our business affairs, which may negatively affect our ability to market our proposed business and conduct both our current and proposed operations.

Because our officer and director is located in non-U.S. jurisdictions, you may have no effective recourse against the management for misconduct and may not be able to enforce judgment and civil liabilities against our officer and director.

Our President is a resident of Canada and all or a substantial portion of our assets and those of our President are located outside the United States. As a result, it may be difficult for investors to enforce within the United States any judgment obtained against our company, our officer and director, including judgments predicated upon the civil liability provisions of the securities laws of the United States or any state thereof.

Because our officer and director controls a majority of our common stock, investors will have little or no control over our management or other matters requiring shareholder approval.

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Our sole officer and director beneficially owns 55.55% of the issued and outstanding shares of our common stock. As a result, he has the ability to control matters affecting minority shareholders, including the election of our directors, the acquisition or disposition of our assets, and the future issuance of our shares. Because our officer and director control the company, investors will not be able to replace our management if they disagree with the way our business is being run. Because control by our sole officer and director could result in management making decisions that are in the best interest of our officer and director and not in the best interest of the investors, you may lose some or all of the value of your investment in our common stock.

Because we can issue additional common stock and there is a substantial likelihood that we will do so in order to finance our business plan and our monthly operations requirements, purchasers of our common stock may suffer immediate dilution of their interest in our company.

The most likely source of future funds presently available to us is through the sale of equity. Any sale of our shares will result in dilution to existing shareholders. Furthermore, there is no assurance that we will not incur debt in the future, that we will have sufficient funds to repay our future indebtedness or that we will not default on our future debts, jeopardizing our business viability. Finally, we may not be able to borrow or raise additional capital in the future to meet our need or to otherwise provide the capital necessary to conduct business and develop our business plan, which might result in the loss of some or all of your investment in our common stock.

Trading of our common stock may be restricted by the Securities and Exchange Commissions penny stock regulations, which may limit the development of a liquid public market for our common stock and may limit a shareholders ability to buy and sell our common stock.

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

Limited Operating History; Need for Additional Capital

There is limited historical financial information about Dravco Mining Inc. upon which to base an evaluation of our performance. We are an exploration stage corporation and have not generated any revenues from operations. We cannot guarantee we will be successful in our business operations. Our business is subject to risks inherent in the establishment of a new business enterprise, including limited capital resources, possible delays in the exploration of our properties, and possible cost overruns due to price and cost increases in services.

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We currently do not have any business operations and are seeking either new business operations or a business combination with an existing business. The funds raised from our equity financing from our public offering will not provide adequate capital required to implement any new business operations and we will need to seek additional capital. We have no assurance that future financing will be available to us on acceptable terms. If financing is not available on satisfactory terms, we may be unable to continue, develop or expand our operations. Equity financing could result in additional dilution to existing shareholders.

Results of Operations

Twelve Months ended December 31, 2006 and 2005

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

Our auditors have issued a going concern opinion. This means that our auditors believe there is substantial doubt that we can continue as an on-going business for the next twelve months unless we obtain additional capital to pay our bills. This is because we have not generated any revenues and no revenues are anticipated until we begin removing and selling minerals. Accordingly, we must raise cash from sources other than the sale of minerals found on the property.

Our only other source for cash at this time is investments by others in Dravco Mining Inc. We must raise cash to implement our project and stay in business.

On March 10, 2004, we completed our public offering and raised the maximum amount of money in our offering, $200,000. The money that we have raised was applied to the property acquisition, corporate expenses, to repay outstanding indebtedness and to further exploration as set forth in our prospectus.

As at December 31, 2006 we had $130,055 in cash remaining in our treasury. We have enough money to last twelve months in order to cover administrative and compliance activities but not to engage in any new business opportunities.

The Letter of Intent that we entered into on December 14, 2006 with Pyro Pharmaceuticals requires that we complete a financing of not less than $3,000,000 and we are seeking additional capital from outside investors. Should we be successful in completing the $3,000,000 financing, we will have sufficient funds to meet our corporate cash requirements for the next twelve months as well as to have funds available for business development.

Other than as described in this paragraph, we have no other financing plans.

From Inception on September 20, 2000 to December 31, 2006

We acquired our first property. We have staked the property. We completed our public offering on March 10, 2004. We have begun research of available geological information. We have renewed our claim with the Ministry of Energy and Mines in British Columbia.

Due to our inability to commence exploration on our mining property in British Columbia, Canada, we have considered other mineral exploration as well as other types of business opportunities.

On May 24, 2006 we entered into a Letter of Intent with Nevada Sunrise LLC. to acquire the 100% interest in the Golden Arrow Property. The property is comprised of 284 lode claims plus 17 patented claims covering a total land area of approximately 5,787 acres (2,342 ha) in Nye County, Nevada.

On October 31, 2006, the forgoing Letter of Intent was terminated.

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On December 14, 2006, we entered into a Letter of Intent with Pyro Pharmaceuticals, Inc. whereby we agreed to complete an Agreement and Plan of Merger and Reorganization (the Definite Agreement) to acquire 100% of the outstanding equity securities of Pyro Pharmaceuticals, Inc. The parties objective was to sign and close the Definitive Agreement on or about January 31, 2007, unless mutually agreed to in writing by all parties. Subsequent to the end of this period, the Letter of Intent was amended to read that the parties objective is to sign and close the Definitive Agreement on or about March 31, 2007, unless mutually agreed to in writing by both parties.

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, 2006 was $200,050. In addition, Mr. Lozinski has advanced a total of $43,127 to us, which must be repaid.

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 Rodney L. Lozinski, our sole officer and director. This was accounted for as a cash shares purchase of $50.

On March 10, 2004 we issued an additional 4,000,000 shares of common stock for proceeds of $200,000 pursuant to our public offering.

Since our inception, Mr. Lozinski, has advanced the total sum of $43,127. $30,000 was used for legal fees relating to organizational and start-up costs, $1,707 was used to pay Locke Goldsmith for the initial claims and subsequent maintenance work, $7,210 was for audit fees, $2,397 was used to pay filing fees and $1,813 was used for general administrative and operating capital.

The loan does not bear interest and has not been repaid as of the date hereof. There are no documents reflecting the loan and they are not due on a specific date. Mr. Lozinski will accept repayment from us when money is available.

As of December 31, 2006 we had $130,055 in total current assets and total current liabilities of $48,287, for a working capital position of $81,768.

Critical Accounting Policies

The Company's discussions and analysis of its financial condition and results of operations, including the discussion on liquidity and capital resources, are based upon the Company's financial statements, which have been prepared in accordance with US GAAP. The preparation of these financial statements requires the Company to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities.

The financial statements have been prepared on the going concern basis, which assumes that the Company will be able to realize its assets and discharge its obligations in the normal course of business. If the Company were not to continue as a going concern, it would likely not be able to realize its assets at values comparable to the carrying value or the fair value estimates reflected in the balances set out in the preparation of the financial statements. The Company will require additional capital to fund any future plan of operations. There can be no assurance that the Company will be able to raise additional capital, and if the Company is unable to raise additional capital, it will unlikely be able to continue as a going concern.

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Item 7.
     Financial Statements.Dravco Mining Inc.(An Exploration Stage Company)Financial Statements(Expressed in U.S. Dollars)IndexReport of Independent Registered Public Accounting Firm
     F1Balance Sheets
     F2Statements of Operations
     F3Statements of Cash Flows
     F4Statements of Stockholders Equity
     F5Notes to the Financial Statements
     F6


























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Report of Independent Registered Public Accounting Firm

To the Directors and Stockholders of 
Dravco Mining Inc.(An Exploration Stage Company)

We have audited the accompanying balance sheet of Dravco Mining Inc. (An Exploration Stage Company) as of December 31, 2006 and 2005, and the related statement of operations, cash flows and stockholders' equity for the years then ended and accumulated from September 20, 2000 (Date of Inception) to December 31, 2006. 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 audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audits 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 audits provide 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 Dravco Mining Inc. as of December 31, 2006 and 2005, and the results of its operations and its cash flows for the years then ended and accumulated from September 20, 2000 to December 31, 2006 in conformity with accounting principles generally accepted in the United States.

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 has not generated any revenues and has incurred significant operating losses during the exploration stage. These factors raise substantial doubt about the Companys ability to continue as a going concern. Managements plans in regard to these matters are also discussed in Note 1. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

MANNING ELLIOTT LLP

CHARTERED ACCOUNTANTS

Vancouver, Canada

March 17, 2007



F-1

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Dravco Mining Inc.(An Exploration Stage Company)Balance Sheets(Expressed in U.S. Dollars)December 31,
     
     December 31,2006
     
     2005$
     
     $AssetsCurrent AssetsCash
     130,055
     
     166,653Total Assets
     130,055
     
     166,653Liabilities and Stockholders EquityCurrent LiabilitiesAccounts payable
     3,995
     
     5,347Accrued liabilities
     1,165
     
     7,717Due to related party (Note 4(a))
     43,127
     
     43,127Total Liabilities
     48,287
     
     56,191Contingencies (Note 1)Stockholders EquityCommon Stock (Note 5)100,000,000 shares authorized, with a $0.00001 par value;18,000,000 shares issued and outstanding
     180
     
     180Additional Paid-in Capital
     199,870
     
     199,870Donated Capital (Note 4(b))
     1,200
     
     1,200Deficit Accumulated During the Exploration Stage
     (119,482
     )
     (90,788
     )Total Stockholders Equity
     81,768
     
     110,462Total Liabilities and Stockholders Equity
     130,055
     
     166,653






The accompanying notes are an integral part of these financial statementsF-2

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Dravco Mining Inc.(An Exploration Stage Company)Statements of Operations(Expressed in U.S. Dollars)Accumulated fromSeptember 20, 2000Year Ended
     
     Year Ended
     
     (Date of Inception) toDecember 31,
     
     December 31,
     
     December 31,2006
     
     2005
     
     2006$
     
     $
     
     $Revenue
     
     
     
     
     ExpensesConsulting fees
     
     
     
     
     2,500Mineral property costs
     2,125
     
     1,800
     
     7,270Office and administrative (Note 4(b))
     2,633
     
     4,818
     
     12,485Professional fees
     19,100
     
     12,311
     
     79,420Transfer agent and filing fees
     4,836
     
     4,162
     
     14,988Travel
     
     
     2,819
     
     2,819Total Expenses
     28,694
     
     25,910
     
     119,482Net Loss
     (28,694
     )
     (25,910
     )
     (119,482
     )Net Loss Per Share  Basic and Diluted
     
     
     Weighted Average Number of Shares Outstanding(Note 5)
     18,000,000
     
     18,000,000












The accompanying notes are an integral part of these financial statementsF-3

- 15 -

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Dravco Mining Inc.(An Exploration Stage Company)Statements of Cash Flows(Expressed in U.S. Dollars)Accumulated fromSeptember 20, 2000Year Ended
     
     Year Ended
     
     (Date of Inception) toDecember 31,
     
     December 31,
     
     December 31,2006
     
     2005
     
     2006$
     
     $
     
     $Operating ActivitiesNet loss
     (28,694
     )
     (25,910
     )
     (119,482
     )Adjustment to reconcile net loss to net cashused in operating activities:Donated rent
     
     
     1,200
     
     1,200Changes in operating assets and liabilitiesAccounts payable
     (1,352
     )
     1,547
     
     3,995Accrued liabilities
     (6,552
     )
     4,256
     
     1,165Due to related party
     
     
     
     
     43,127Net Cash Used in Operating Activities
     (36,598
     )
     (18,907
     )
     (69,995
     )Financing ActivitiesProceeds from issuance of common stock
     
     
     
     
     200,050Net Cash from Financing Activities
     
     
     
     
     200,050Increase (Decrease) in Cash
     (36,598
     )
     (18,907
     )
     130,055Cash, Beginning of Period
     166,653
     
     185,560
     
     Cash, End of Period
     130,055
     
     166,653
     
     130,055Supplemental DisclosuresInterest paid
     
     
     
     
     Income taxes paid
     
     
     
     
     












The accompanying notes are an integral part of these financial statements

F-4

- 16 -

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Dravco Mining Inc.(An Exploration Stage Company)Statements of Stockholders Equity (Deficit)For the period from September 20, 2000 (Date of Inception) to December 31, 2006(Expressed in U.S. Dollars)DeficitAdditional
     
     AccumulatedPaid-in
     
     during theCommon Shares
     Capital
     Donated
     ExplorationNumber      Par Value     (Discount)
     Capital
     Stage
     
     Total$
     $
     $
     $
     
     $Balance September 20, 2000 (Dateof Inception)
     
     
     
     
     
     
     Shares issued for cash onSeptember 20, 2000 at $0.000005per share
     10,000,000
     100
     (50)
     
     
     
     50Net loss for the period
     
     
     
     
     (19,386
     )
     (19,386
     )Balance, December 31, 2000
     10,000,000
     100
     (50)
     
     (19,386
     )
     (19,336
     )Net loss for the year
     
     
     
     
     (2,097
     )
     (2,097
     )Balance, December 31, 2001
     10,000,000
     100
     (50)
     
     (21,483
     )
     (21,433
     )Net loss for the year
     
     
     
     
     (5,129
     )
     (5,129
     )Balance, December 31, 2002
     10,000,000
     100
     (50)
     
     (26,702
     )
     (26,652
     )Net loss for the year
     
     
     
     
     (21,614
     )
     (21,614
     )Balance, December 31, 2003
     10,000,000
     100
     (50)
     
     (48,316
     )
     (48,266
     )Shares issued for cash on March 10,2004 at $0.025 per share
     8,000,000
     80
     199,920
     
     
     
     200,000Net loss for the year
     
     
     
     
     (16,562
     )
     (16,562
     )Balance, December 31, 2004
     18,000,000
     180
     199,870
     
     (64,878
     )
     135,172Donated rent
     
     
     
     1,200
     
     
     1,200Net loss for the year
     
     
     
     
     (25,910
     )
     (25,910
     )Balance, December 31, 2005
     18,000,000
     180
     199,870
     1,200
     (90,788
     )
     110,462Net loss for the year
     
     
     
     
     (28,694
     )
     (28,694
     )Balance, December 31, 2006
     18,000,000
     180
     199,870
     1,200
     (119,482
     )
     81,768












The accompanying notes are an integral part of these financial statementsF-5

- 17 -

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Dravco Mining Inc.(An Exploration Stage Company)Notes to the Financial StatementsDecember 31, 2006 and 2005(Expressed in U.S. Dollars)

|1. | Nature and Continuance of Operations                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|-- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|  
|   | The Company was incorporated in the State of Nevada on September 20, 2000 as Dundee Mining Inc. On October 2, 2002, the Company changed its name to Dravco Mining Inc. The Company is an Exploration Stage Company, as defined by Statement of Financial Accounting Standard (SFAS) No. 7 Accounting and Reporting by Development Stage Enterprises. The Companys business plan is to acquire, explore and develop mineral properties and ultimately seek out earnings by exploiting mineral claims. The Company has not determined whether the mining claims contain ore reserves that are economically recoverable.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|  
|   | These financial statements have been prepared on a going concern basis, which implies the Company will continue to realize its assets and discharge its liabilities in the normal course of business. The Company has never generated revenues since inception and has never paid any dividends and is unlikely to pay dividends or generate earnings in the immediate or foreseeable future. The continuation of the Company as a going concern is dependent upon the ability of the Company to determine the existence of economically recoverable reserves in its resource properties, confirmation of the Companys interests in the underlying properties, obtain necessary financing and then profitable operations. As at December 31, 2006, the Company has never generated any revenues, has working capital of $81,768 and has accumulated losses of $119,482 since inception. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. These factors raise substantial doubt regarding the Companys ability to continue as a going concern.
|  
|2. | Summary of Significant Accounting Policies                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|  
|   | a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|  
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|  
|   | b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|  
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|  
|   | c)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|  
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|  

F-6

- 18 -

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Dravco Mining Inc.(An Exploration Stage Company)Notes to the Financial StatementsDecember 31, 2006 and 2005(Expressed in U.S. Dollars)

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

F-7

- 19 -

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Dravco Mining Inc.(An Exploration Stage Company)Notes to the Financial StatementsDecember 31, 2006 and 2005(Expressed in U.S. Dollars)

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

F-8

- 20 -

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Dravco Mining Inc.(An Exploration Stage Company)Notes to the Financial StatementsDecember 31, 2006 and 2005(Expressed in U.S. Dollars)

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

F-9

- 21 -

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Dravco Mining Inc.(An Exploration Stage Company)Notes to the Financial StatementsDecember 31, 2006 and 2005(Expressed in U.S. Dollars)

|2. | Summary of Significant Accounting Policies (continued)                                                                                                                                                                                                                                                                                                     
|-- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|  
|   | l)                                                                                                                                                                                                                                                                                                                                                         
|  
|   |                                                                                                                                                                                                                                                                                                                                                            
|  
|   |                                                                                                                                                                                                                                                                                                                                                            
|  
|3. | Mineral Properties                                                                                                                                                                                                                                                                                                                                         
|  
|   | In July 2000, the Company, through its President and director, acquired 100% of the rights, title and interest in ten mining claims located in the Osoyoos Mining Division of the Province of British Columbia, Canada. The claims are registered in the name of the President of the Company, who is holding the claims in trust on behalf of the Company.
|  
|4. | Related Party Transactions                                                                                                                                                                                                                                                                                                                                 
|  
|   | a)                                                                                                                                                                                                                                                                                                                                                         
|  
|   | b)                                                                                                                                                                                                                                                                                                                                                         
|  

F-10

- 22 -

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Dravco Mining Inc.(An Exploration Stage Company)Notes to the Financial StatementsDecember 31, 2006 and 2005(Expressed in U.S. Dollars)

|5. | Common Stock                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|-- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|  
|   | On June 6, 2006, the Companys Board of Directors declared a stock dividend to effect a two for one forward stock split with a record date of June 16, 2006. All per share amounts have been retroactively adjusted to reflect the forward stock split.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|  
|6. | Income Taxes                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|  
|   | Potential benefits of income tax losses are not recognized in the accounts until realization is more likely than not. The Company has incurred net operating losses of $114,259, which commence expiring in 2020. Pursuant to SFAS No. 109 the Company is required to compute tax asset benefits for net operating losses carried forward. The potential benefits of net operating losses have not been recognized in these financial statements because the Company cannot be assured it is more likely than not it will utilize the net operating losses carried forward in future years. For the years ended December 31, 2006 and 2005, the valuation allowance established against the deferred tax assets increased by $8,635 and $8,649 respectively.
|  
|   | The components of the net deferred tax asset at December 31, 2006 and 2005 and the statutory tax rate, the effective tax rate and the elected amount of the valuation allowance are indicated below:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|  

2006
     
     2005$
     
     $Net Operating Losses Carried Forward
     114,259
     
     89,588Statutory Tax Rate
     35
     %
     35
     %Effective Tax Rate
     
     
     Deferred Tax Asset
     39,991
     
     31,356Valuation Allowance
     (39,991
     )
     (31,356
     )Net Deferred Tax Asset
     
     
     












F-11

- 23 -

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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 fiscal year ended December 31, 2006 included in this report have been audited by Manning Elliott LLP, Chartered Accountants, 11thFloor, 1050 West Pender Street, Vancouver, British Columbia, Canada V6E 3S7 as set forth in their report included herein.

Item 8A.     Controls and Procedures.

(a)   Evaluation of Disclosure Controls and Procedures:Disclosure controls and procedures are designed to ensure that information required to be disclosed in the reports filed or submitted under the Exchange Act is recorded, processed, summarized and reported, within the time period specified in the SEC's rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed in the reports filed under the Exchange Act is accumulated and communicated to management, including the Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure. As of the end of the period covered by this report, the Company 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. Based upon and as of the date of that evaluation, the Chief Executive Officer and Chief Financial Officer concluded that the Company's disclosure controls and procedures are effective to ensure that information required to be disclosed in the reports the Company files and submits under the Exchange Act is recorded, processed, summarized and reported as and when required.

(b)   Changes in Internal Control over Financial Reporting:There were no changes in the Company's internal control over financial reporting identified in connection with the Company evaluation of these controls as of the end of the period covered by this report that could have significantly affected those controls subsequent to the date of the evaluation referred to in the previous paragraph, including any correction action with regard to significant deficiencies and material weakness.

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.

Item 8B.     Other Information.

None.

PART III

Item 9.      Directors, Executive Officers, Promoters and Control Persons; Compliance with Section 16(a) of the Exchange Act.

Identification of Directors and Executive Officers

|Name            | Age | Title                                                        
|--------------- | --- | -------------------------------------------------------------
|Rodney Lozinski | 52  | Chief Executive Officer, Chief Financial Officer,  President,
|                |     | Secretary, Principal Accounting Officer, Director            

- 24 -





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Background of Officers and Directors

Mr. Rodney Lozinski, age 52Rodney L. Lozinski has been our president, secretary,treasurer, principal accounting officer and sole member of our board of directors since inception. For the last twenty-eight years, Mr. Lozinski, with his wife, has owned and operated businesses specializing in custom designing trees, plants and floral for homes and businesses. Florals by Doctor Plant (established 1979) is located in Saskatoon, Saskatchewan, Canada. Creative Plant Interiors (established 1992) is a division of Florals by Doctor Plant and operates out of Saskatoon, Saskatchewan, Canada. Mr. Lozinski was involved in the creation and maintenance of two worldwide websites that involves the manufacturing and shipping globally of plants and home decorating products (www.silkplantscanada.com).

Involvement in Certain Legal Proceedings

To the best of the registrants knowledge, during the past five years, no director, executive officer, promoter or control person of the Company:

| | (1) | has any bankruptcy petition filed by or against any business of which the director, executive officer, promoter or control person was a general partner or executive officer either at the time of bankruptcy or within two years prior to that time;                                                                                                  
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |    
| | (2) | was convicted in a criminal proceeding or named subject to a pending criminal proceeding (excluding traffic violations and other minor offences);                                                                                                                                                                                                      
| |    
| | (3) | was the subject to any order, judgment or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction, permanently or temporarily enjoining, barring, suspending or otherwise limiting his involvement in any type of business, securities or banking activities;                                                  
| |    
| | (4) | was 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) | was found by a court of competent jurisdiction (in a civil action), the Commission or the Commodity Futures Trading Commission to have violated a federal or state securities or commodities law, and the judgment has not been reversed, suspended or vacated.                                                                                        
| |    

Compliance with Section 16(a) of the Exchange Act

The director, officer and person who beneficially owned more than ten percent of the Companys common stock filed timely reports in compliance with Section 16(a).









- 25 -

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Audit Committee

We do not have an audit committee or an audit committee charter.

Audit Committee Financial Expert

We do not have an audit committee financial expert. We do not have an audit committee financial expert because we believe the cost related to retaining a financial expert at this time is prohibitive. Further, because of our limited operations, we believe the services of a financial expert are not warranted at this time.

Code of Ethics

The Company has adopted a code of business conduct and ethics for directors, officers and employees.

Family Relationships

There are no family relationships amongst or between the directors and executive officers.

Item 10.     Executive Compensation.

The following table sets forth information with respect to compensation paid by the Company to our sole executive officer for the three fiscal years ended December 31, 2006, 2005 and 2004. This information includes the dollar value of base salaries, bonus awards and number of stock options granted, and certain other compensation, if any.

SUMMARY COMPENSATION TABLELong Term CompensationAnnual Compensation
     Awards
     Payouts(a)
     (b)
     (c)
     (d)
     (e)
     (f)
     (g)
     (h)
     (i)Name and Principal
     Year
     Salary
     Bonus
     Other Annual
     Restricted
     Securities
     LTIP Pay
     All OtherPosition
     
     ($)
     ($)
     Compensation
     Stock
     Underlying
     outs ($)
     Compensation($)
     Awards
     Options/
     
     ($)SARS (#)RodneyLozininski, CEO
     12/31/06
     0
     0
     0
     0
     0
     0
     0CFO, President
     12/31/05
     0
     0
     0
     0
     0
     0
     0Secretary
     12/31/04
     0
     0
     0
     0
     0
     0
     0


There are no employment agreements with our sole executive officer and director and none are being contemplated.

The compensation discussed herein addresses all compensation awarded to, earned by, or paid to our named director and executive officer.

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





- 26 -

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DIRECTOR COMPENSATIONFeesEarned
     
     
     
     Nonqualifiedor
     
     
     Non-Equity
     DeferredPaid in
     Stock
     Option
     Incentive Plan
     Compensation
     All OtherCash
     Awards
     Awards
     Compensation
     Earnings
     Compensation
     TotalName
     (US$)
     (US$)
     (US$)
     (US$)
     (US$)
     (US$)
     (US$)(a)
     (b)
     (c)
     (d)
     (e)
     (f)
     (g)
     (h)Rodney
     2006
     0
     0
     0
     0
     0
     0Lozininski, Director


Our director does not receive any compensation for serving as a member of the board ofdirectors.There are no other stock option plans, retirement, pension, or profit sharing plans for thebenefit of our officers and directors other than as described herein.

Options/SAR Grants

No individual grants of stock options, whether or not in tandem with stock appreciation rights (SARs) andfreestanding SARs have been made to any executive officers, or any directors or employees during thecurrent fiscal year.

Long-Term Incentive Plan Awards

The Company does not have any long-term incentive plans that provide compensation intended to serve asincentive for performance to occur over a period longer than one fiscal year, whether such performance ismeasured by reference to the Companys financial performance, stock price or any other measure.

Compensation of Directors

There are no other standard arrangements pursuant to which the Companys directors are compensated forservices provided as directors. The director has not been paid any compensation for services provided as adirector. No additional amounts are payable to the Companys directors for committee participation or specialassignments.

Employment Contracts and Termination of Employment and Change-in-ControlArrangements

None.

Report on Repricing of Options/SAR

The Company did not reprice any options or SARs during the year ended December 31, 2006.



- 27 -

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Item 11.     Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.

The following table sets forth the beneficial shareholdings of those persons or entities who beneficially hold five percent or more of the Companys common stock, and our directors and executive officers as a group, as of January 23, 2007, with the computation being based upon 18,000,000 shares of common stock being outstanding. 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 and Address                            | Number of Shares Beneficially | Percentage of
|------------------------------------------- | ----------------------------- | -------------
|                                            | Owned                         | Class        
|Rodney Lozinski                             | 10,000,000                    | 55.55 %      
|451 Penryn Court                            |                               |              
|Saskatoon, Saskatchewan S7H 5G8             |                               |              
|CEO, CFO, President, Secretary and Director |                               |              

All directors and executive officers as a group (1 person) hold 10,000,000 common shares.

Changes in Control

To the knowledge of management, there are no other present arrangements or pledges of the Companys securities, which may result in a change of control of the Company.

Securities Authorized for Issuance Under Compensatory Plans

None.

Item 12.     Certain Relationships and Related Transactions.

Certain Business Relationships

There were no material transactions, series of similar transactions, to which the Company or any of its subsidiaries was or is to be a party, in which the amount involved exceeded $60,000 and in which any director or executive officer, or any security holder who is known to the Company to own of record or beneficially more than five percent of the Companys common stock, or any member of the immediate family of any of the foregoing persons, had a material interest.

Item 13.     Exhibits and Reports on Form 8-K.

The following exhibits are filed with this report:

Exhibit No. Description

|31.1 | Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002  Chief Executive and Financial Officer                                                
|---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------
|    
|32.1 | Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes- Oxley Act of 2002  Chief Executive and Financial Officer

Exhibits Incorporated by Reference

The following documents are incorporated herein by reference from the Companys Form 10-KSB and amendments thereto from the year ended December 31, 2003.



- 28 -

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Exhibit No. Description14.1            Code of Ethics

The following documents are incorporated herein by reference from the Companys SB2 RegistrationStatement - Amendment 4 filed with the Securities and Exchange Commission, SEC file #333-54044 onOctober 10, 2002. Such exhibits are incorporated herein by reference pursuant to Rule 12b-32.

Exhibit No. Description

|3.1  | Certificate of Amendment of Articles of Incorporation  Name Change to Dravco Mining Inc.
|---- | -----------------------------------------------------------------------------------------
|    
|3.2  | Amended Bylaws                                                                           
|    
|99.2 | Escrow Agreement with Signature Stock Transfer Inc.                                      

The following documents are incorporated herein by reference from the Companys SB2 RegistrationStatement filed with the Securities and Exchange Commission, SEC file #333-54044 on January 19, 2001.Such exhibits are incorporated herein by reference pursuant to Rule 12b-32.

Exhibit No. Description

|3.3  | Articles of Incorporation of Dundee Mining Inc.
|---- | -----------------------------------------------
|    
|3.4  | Bylaws of Dundee Mining Inc.                   
|    
|4.1  | Specimen Stock Certificate                     
|    
|10.1 | Trust Agreement                                
|    
|10.2 | Bill of Sale Absolute                          
|    
|99.1 | Sample Subscription Agreement                  
|    

Reports on Form 8-K

Item 1.02Termination of Material Definitive Agreement and Item 5.02 Departure of Directors orPrincipal Officers; Election of Directors; Appointment of Principal Officers (incorporated by referenceFrom Form 8-K filed on November 7, 2006)Item 1.01Entry Into A Material Definitive Agreement (incorporated by reference from Form 8-K filed onDecember 19, 2006)

Item 14. Principal Accounting Fees and Services.The following table sets forth fees for services Manning Elliott LLP, Chartered Accountants provided duringfiscal year 2006 and 2005:

2006
     
     2005Audit Fees (1)
     
     $7,950
     
     $7,000Audit-related fees (2)
     
     -
     
     -Tax fees (3)
     
     $750
     
     $750All other fees (4)
     
     -
     
     -Total
     
     $8,700
     
     $7,750








---

| | (1) | Represents fees for professional services provided in connection with the audit of the Companys annual financial statements and review of the Companys quarterly financial statements, advice on accounting matters that arose during the audit and audit services.
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |    
| | (2) | During fiscal 2006 and 2005, the Company did not incur fees for assurance and related services that are reasonably related to the performance of the audit or review of financial statements and are not reported elsewhere.                                         
| |    
| | (3) | Represents fees for services and advice provided in connection with the preparation of the Companys federal and state tax returns.                                                                                                                                  
| |    
| | (4) | During fiscal 2006 and 2005, the Company did not incur any other fees related to the Companys financial statements and other services provided.                                                                                                                     
| |    

























- 30 -



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SIGNATURES

In accordance with Section 13 or 15(d) of the Exchange Act of 1934, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.In accordance with the Exchange Act, this report has been signed below by the following person on behalf of the registrant and in the capacities and on the dated indicated.RODNEY LOZINSKIDate: March 28, 2007Rodney LozinskiPresident, Principal Executive Officer, Treasurer, Principal FinancialOfficer, Principal Accounting Officer, Secretary and sole member of the Board of Directors





























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