**UNITED
      STATES**


**SECURITIES
      AND EXCHANGE COMMISSION**


**WASHINGTON,
      D. C. 20549**





**FORM
      10-KSB/A**





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





For
      the
      fiscal year ended December 31, 2004





 ̈
            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.(Exact
                name of registrant as specified in its
                charter)





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








1865
                Dilworth Drive, Suite 101, Kelowna, British Columbia, Canada V1Y
                9T1(Address
                of principal executive offices)








(604)
                687-6991Registrant’s
                telephone number(Former
                Name or Former Address, if changed since last
                report)











Securities
                registered pursuant to Section 12(b) of the Act:
            NoneSecurities
                registered pursuant to 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 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.





(1)
            
            YESx
            
            NO ̈
            
            (2)
            
            YESx
            
            NO ̈













Check
      if
      there is no disclosure of delinquent filers pursuant to Item 405 of Regulation
      S-K is not contained herein, and no disclosure will be contained, to the best
      of
      the 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.  ̈





State
      issuer’s revenues for its most recent fiscal year. $0





State
      the
      aggregate market value of the voting stock held by non-affiliates computed
      by
      reference to the price at which the stock was sold, or the average bid and
      asked
      prices of such stock, as of a specified date within the past 60
      days.





As
      at
      March 16, 2005 there were 4,000,000 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 March 16, 2005, computed at the price at which
      the
      stock was sold, was $200,000 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.





REGISTRANTS
      INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PAST FIVE YEARS - Not
      applicable.





APPLICABLE
      ONLY TO CORPORATE REGISTRANTS





Indicate
      the number of shares outstanding of each of the registrant’s classes of common
      equity, as of the latest practicable date: March 16, 2005 - 9,000,000 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 x No  ̈











**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 101-1865 Dilworth Drive,
      Unit 404, Kelowna, British Columbia, Canada V1Y 9T1. Our telephone number is
      (604) 687-6991. Our offices are donated rent free by our president.





Dravco
      Mining has no plans to change its business activities or to combine with another
      business, and is not aware of any events or circumstances that might cause
      its
      plans to change.





**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, in exchange for
      $878.
      This is the total cost of the property. Mr. Goldsmith was paid an additional
      $829 to maintain our claims. These are the only services we have paid to Mr.
      Goldsmith to date. We retained the services of Mr. Goldsmith because we believed
      he was knowledgeable about mining claims in British Columbia and we are not.
      Mr.
      Goldsmith has been engaged in mining exploration for the past 42 years. He
      is a
      registered professional engineer in the provinces of Ontario and British
      Columbia, a registered professional geologist in the province of British
      Columbia and the states of Oregon, Minnesota and Wisconsin. Mr. Goldsmith holds
      a Bachelor of Science degree with honors in geology from Michigan Technological
      University, a Master of Science degree from the University of British Columbia,
      and has done postgraduate study in geology at Michigan Technological Institute
      and the University of Nevada. He is a graduate of Haileybury School of Mines,
      and a Certified Mining Technician. He is a member of the Society of Economic
      Geologists, the AIME, and Fellow of the Geological Association of 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. In order to
      comply with the law we would have to incorporate a British Columbia wholly
      owned
      subsidiary corporation and complete audited consolidated financial statements.
      We believe those costs are unwarranted 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.
      Lozinski will convey title to the properties to the wholly owned subsidiary
      corporation. Should Mr. Lozinski transfer title to another person and that
      deed
      is recorded before we record our documents, that other person will have superior
      title, however, Mr. Lozinski would be liable to us for monetary damages for
      breaching the terms of his agreement with us.





All
      Canadian lands and minerals which 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 19 th 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. There are no native land claims that affect our title.





The
      property is unencumbered and there are no competitive conditions which 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.





To
      date
      we have performed one day of prospecting work on the property. We are presently
      in the exploration stage and we cannot guarantee that a commercially viable
      mineral deposit, a reserve, exists in the property until further exploration
      is
      done and a comprehensive evaluation concludes economic and legal
      feasibility.





**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.





**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,
      2005 and contains approximately 62 acres.











2. Cahill
      #4
      - Tenure No. 380916 was recorded on October 2, 2000 and expires on September
      23,
      2005 and contains approximately 62 acres.





3. Cahill
      #5
      - Tenure No. 380917 was recorded on October 2, 2000 and expires on September
      22,
      2005 and contains approximately 62 acres.





4. Cahill
      #6
      - Tenure No. 380918 was recorded on October 2, 2000 and expires on September
      23,
      2005 and contains approximately 62 acres.





5. Cahill
      #7
      - Tenure No. 380919 was recorded on October 2, 2000 and expires on September
      22,
      2005 and contains approximately 62 acres.





6. Cahill
      #8
      - Tenure No. 380920 was recorded on October 2, 2000 and expires on September
      23,
      2005 and contains approximately 62 acres.





7. Cahill
      #9
      - Tenure No. 380921 was recorded on October 2, 2000 and expires on September
      22,
      2005 and contains approximately 62 acres.





8. Cahill
      #10 - Tenure No. 380922 was recorded on October 2, 2000 and expires on September
      22, 2005 and contains approximately 62 acres.





9. Cahill
      #11 - Tenure No. 380923 was recorded on October 2, 2000 and expires on September
      23, 2005 and contains approximately 62 acres.





10. Cahill
      #12 - Tenure No. 380924 was recorded on October 2, 2000 and expires on September
      23, 2005 and 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.





**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 occupied by Rodney Lozinski, our sole
      officer and director, for which we do not pay any rent. The address is 101-1865
      Dilworth Drive, Unit 404, Kelowna, British Columbia, Canada V1Y 9T1. 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 2004.











**PART
      II**





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





**Market
      Information**





There
      is
      currently no public trading market for our common stock. We have made
      application to the National Association of Securities Dealers, Inc. (“NASD”) to
      attempt to have our common stock eligible for quotation on the Over-the-Counter
      Electronic Bulletin Board (“OTCBB”). No assurance can be given that our common
      stock will be accepted to be eligible for quotation on the OTCBB or whether
      an
      active trading market will ever be developed, or if developed, will be
      maintained.





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
      March 16, 2005 the Company had 49 shareholders of record of common stock.





**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**





None.





**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**





None.





**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.








**Use
      of Proceeds - From February 10, 2003 (Effective Date of Registration Statement)
      to December 31, 2004**





We
      completed our public offering on March 10, 2004, from the $200,000 raised,
      we
      have incurred $1,637.75 in exploration costs, $4,472.60 in audit fees, $4,400
      in
      legal fees; and $5,995.87 in general working capital, for a total of
      $16,506.22.





**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**





We
      are
      prospecting for gold. Our target is mineralized material. 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 suspend or cease 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 suspend or cease operations.





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





Our
      property is undeveloped raw land. Our offering is concluded, we intend to start
      exploration operations. To our knowledge, the property has never been mined.
      The
      only event that has occurred is the staking of the property by Locke Goldsmith
      and a physical examination of the property. The cost of staking the claims
      was
      included in the $878 we paid to Mr. Goldsmith. In addition, we paid Mr.
      Goldsmith $686 in 2002 and $143 in 2003 to maintain the claims in good standing.
      During the year,  we
      renewed our claims with the Ministry of Energy and Mines in British Columbia.





We
      are
      proceeding with our exploration program in the following three
      phases:





Phase
      1
      begun with research of the available geological literature, personal interviews
      with geologists, mining engineers and others familiar with the prospect sites.
      To date, this phase of the exploration process is ongoing by researching
      available literature over the Internet and through other sources such as books
      and magazines.





Weather
      interruptions in the province of British Columbia have effected and contributed
      to a delay in our proposed exploration operations. Once the winter weather
      conditions in British Columbia improve and Mr. Locke Goldsmith is available
      to
      assist us, our initial work will be augmented with geologic mapping, geophysical
      testing and geochemical testing of our claims. When available, existing
      workings, like trenches, prospect pits, shafts or tunnels will be examined.
      If
      an apparent mineralized zone is identified and narrowed down to a specific
      area
      by the studies, we will to begin trenching the area.











Trenches
      are generally approximately 150 ft. in length and 10-20 ft. 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.





Phase
      1
      will take about 3 months once undertaken and cost up to $20,000.





Phase
      2
      involves an initial examination of the underground characteristics of the vein
      structure that was identified by Phase 1 of 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 tunnel 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.








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.





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.





If
      we are
      unable to complete a phase of exploration because we do not have enough money,
      we will cease operations until we raise more money. If we cannot or do not
      raise
      additional money, we will cease operations.





We
      cannot
      provide you with a more detailed discussion of how our exploration program
      will
      work and what we expect will be our likelihood of success. That is because
      we
      have a piece of raw land and we intend to look for gold. We may or may not
      find
      any mineralized material. It is impossible to predict the likelihood of such
      an
      event.





We
      will
      not move onto a subsequent phase until the phase we are working on is completed.











We
      do not
      have any plan to take the Company from Phase 3 exploration to revenue generation
      until we have determined its economic feasibility.





We
      do not
      intend to hire additional employees at this time. All of the work on the
      property will be conducted by unaffiliated independent contractors that we
      will
      hire. The independent contractors will be responsible for surveying, geology,
      engineering, exploration, and excavation. The geologists will evaluate the
      information derived from the exploration and excavation and the engineers will
      advise us on the economic feasibility of removing the mineralized
      material.





We
      will
      be conducting research in the form of exploration of our property. We are not
      going to buy or sell any plant or significant equipment during the next twelve
      months. We will not buy any equipment until we have located a body of ore and
      we
      have determined it is economical to extract the ore from the land.





**Limited
      Operating History; Need for Additional Capital**





There
      is
      no 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.





To
      become
      profitable and competitive, we will have to conduct research and exploration
      of
      our properties before we start production of any minerals we may find. In the
      event that the funds we raised in our initial public offering is not sufficient,
      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.





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.





We
      do not
      know if we will find mineralized material. We believe that activities occurring
      on adjoining properties are not material to our activities. The reason is that
      whatever is located under adjoining property may or may not be located under
      our
      property.





Our
      exploration program is designed to economically explore and evaluate our
      properties.


We
      do not
      claim to have any minerals or reserves whatsoever at this time on any of our
      properties.





We
      intend
      to implement an exploration program that consists of core sampling. Core
      sampling is the process of drilling holes to a depth of up to 1,400 feet in
      order to extract a sample of earth. Mr. Goldsmith will assist us in determining
      where drilling will occur on the property. The samples will be tested to
      determine if mineralized material is located on the property. Based upon the
      tests of the core samples, we will determine if we will suspend operations,
      proceed with additional exploration of the property, or develop the property.
      The proceeds from our offering are designed to only fund the costs of core
      sampling and testing. We intend to take our core samples to ALS Chemex,
      analytical chemists, and registered assayers located in North Vancouver, British
      Columbia, Canada.











We
      estimate the cost of sampling will be $20 per foot drilled. The amount of
      drilling will be predicated upon the amount of money raised in our offering.
      As
      we raised the maximum amount of money, we intend to drill approximately 7,000
      linear feet, or up to 23 holes to a depth of 300 feet. We estimate that it
      will
      take up to three months to drill 20 holes to a depth of 300 feet. We intend
      to
      pay Mr. Goldsmith up to a maximum of $5,000 per month for his services during
      the three-month period or a maximum of $15,000. The total cost for analyzing
      the
      core samples is estimated to be $3,000. We intend to begin drilling within
      90
      days after our financing is closed, weather permitting. We do not intend to
      interest other companies in our property if we find mineralized materials.
      We
      intend to try to develop the reserves ourselves.





**Limited
      Operating History; Need for Additional Capital**





There
      is
      no 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.





To
      become
      profitable and competitive, we will have to conduct research and exploration
      of
      our properties before we start production of any minerals we may find. The
      funds
      raised from our equity financing from our public offering will provide for
      the
      capital required to implement our research and exploration phases. 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, 2004 and 2003**





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 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. That cash must
      be
      raised from other sources. 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. 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. We will not know that information until we begin
      exploring our property. Now that we have completed our offering, we will begin
      exploration of our property.











The
      money
      that we have raised will be applied to exploration as set forth in our
      prospectus. If we find mineralized material and it is economically feasible
      to
      remove the mineralized material, we will attempt to raise additional money
      through a subsequent private placement, public offering or through loans to
      finance the removal of the mineralized material. If we need additional cash
      and
      cannot raise it we will either have to suspend operations until we do raise
      the
      cash, or cease operations entirely. Other than as described in this paragraph,
      we have no other financing plans.





**From
      Inception on September 20, 2000 to December 31, 2004**





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 claims with the Ministry of Energy
      and Mines in British Columbia. We had expected to begin core drilling and
      exploration within 90 days of completing our offering, weather permitting,
      but
      have been delayed due to winter weather conditions.





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, 2004 was $200,050. In addition, a related party 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 against
      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, 2004 we had cash resources of $185,560. We had total liabilities
      of
      $50,388. This was comprised of the $43,127 loan from Mr. Lozinski, $3,800 for
      administrative and general office expenses, $1,000.00 for legal fees and $2,461
      for audit fees.





**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.








**Item
                7.**
            **Financial
                Statements.**











**DRAVCO
      MINING INC.**


**(An
      Exploration Stage Company)**





**FINANCIAL
      STATEMENTS**





**December
      31, 2004 and 2003**











***Hoogendoorn
      Vellmer***


***Chartered
      Accountants***





***Matthew
                J. Hoogendoorn***
            
            ***Ihlpaili
                Vellmer******C.A.,
                C.P.A. (Illinois)***
            
            ***C.A.,
                C.P.A. (Oregon)***








**REPORT
      OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**











To
      the  Stockholders of


Dravco
      Mining Inc.


(An
      Exploration Stage Company)





We
      have
      audited the accompanying balance sheets of Dravco Mining Inc. as at December
      31,
      2004 and 2003 and the related statements of operations,
      stockholders’ equity  and
      cash
      flows for the years then ended and for the period cumulative from inception
      on
      September 20, 2000 to December 31, 2004. 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, these financial statements present fairly, in all material respects,
      the financial position of Dravco Mining Inc. as at December 31, 2004 and 2003
      and the results of its operations and its cash flows for the years then ended
      and for the period cumulative from inception on September 20, 2000 to December
      31, 2004 in conformity with generally accepted accounting principles  in
      the
      United States of America.





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, 2004 the Company
      has limited
      cash resources and will require
      new financing to maintain operations and initiate exploration  work
      on
      its mineral property. Management intends to secure additional financing through
      the issuance of common stock. However, there can be no assurance that management
      will be successful in its efforts to secure additional financing through the
      issuance of common stock, or that it will ever develop a self-supporting
      business. These factors together raise substantial doubt about the Company’s
      ability to continue as a going concern. The financial statements do not include
      any adjustments that might result from the outcome of this
      uncertainty.








**Vancouver,
                Canada**
            
            ***“Hoogendoorn
                Vellmer”*****March
                15, 2005**
            
            **Chartered
                Accountants**





*406-455
      Granville Street, Vancouver, B.C., V6C 1T1*


*Tel:
      604-687-3778 E-Mail:* ***hoogendoorvellmer@telus.net***










**DRAVCO
        MINING INC.** **(An
          Exploration Stage Company)**
  **Balance
          Sheets**











**As
                at**
            
            **December
                31,**
              **2004**
            
            **December
                31,**
              **2003**$
            
            $**ASSETS****Current**Cash
            
            
            185,560
            
            
            787**Total
                Assets**
            
            
            185,560
            
            
            787**LIABILITIES****Current**Accounts
                payable and accrued liabilities
            
            
            7,261
            
            
            5,926Amount
                due to a related party (Note 4)
            
            
            43,127
            
            
            43,127**Total
                Liabilities**
            
            
            50,388
            
            
            49,053**STOCKHOLDERS’********EQUITY
                (DEFICIENCY)****Common
                Stock (Note 5)**Authorized:
                100,000,000 shares, $0.00001 par valueIssued
                and outstanding: 9,000,000 shares(December
                31, 2003: 5,000,000 shares)
            
            
            90
            
            
            50**Additional
                Paid-In Capital**
            
            
            199,960
            
            
            -**Deficit
                Accumulated During the Exploration Stage**
            
            
            (64,878
            )
            
            (48,316
            )**Total
                Stockholders’ Equity (Deficiency)**
            
            
            135,172
            
            
            (48,266
            )**Total
                Liabilities and Stockholders’****Equity
                (Deficiency)**
            
            
            185,560
            
            
            787





**NOTE
      1 - NATURE AND CONTINUANCE OF OPERATIONS**














**See
      accompanying Notes to the Financial Statements**













**DRAVCO
        MINING INC.** **(An
          Exploration Stage Company)**  **Statements
            of Operations**








**Year
                Ended**
              **December
                31,**
              **2004**
            
            **Year
                Ended**
              **December
                31,**
              **2003**
            
            **Cumulative**
              **from**
              **Inception**
              **(September
                20, 2000)**
              **to
                December 31,**
              **2004**$
            
            $
            
            $**Revenue**
            
            
            -
            
            
            -
            
            
            -**Mineral
                property********maintenance****costs******
            
            
            1,638
            
            
            143
            
            
            3,345**General
                and administrative expenses**Audit
                fees
            
            
            4,473
            
            
            4,136
            
            
            13,609Bank
                charges
            
            
            212
            
            
            154
            
            
            548Consulting
                fees
            
            
            2,500
            
            
            -
            
            
            2,500Legal
                fees
            
            
            4,400
            
            
            15,000
            
            
            34,400Office
                and administration
            
            
            746
            
            
            219
            
            
            4,486Transfer
                agent and filing fees
            
            
            2,593
            
            
            1,962
            
            
            5,99014,924
            
            
            21,471
            
            
            61,533**Net
                Loss**
            
            
            (16,562
            )
            
            (21,614
            )
            
            (64,878
            )**Basic
                Loss Per Share**
            
            
            (0.00
            )
            
            (0.00
            )**Weighted
                Average Number of****Shares
                Outstanding**
            
            
            8,232,876
            
            
            5,000,000














**See
      accompanying Notes to the Financial Statements**













**DRAVCO
        MINING INC.** **(An
          Exploration Stage Company)**
  **Statement
          of** **** **Stockholders’
          Equity (Deficiency)**











**From
      Inception (September 20, 2000) to December 31, 2004:**





**Additional**
            
            **Deficit**
              **Accumulated**
              **During********the**
            
            **Total**
              **Stockholders’****Common
                Stock**
            
            **Paid-In**
            
            **Exploration**
            
            **(Equity)****Shares**
            
            **Amount**
            
            **Capital**
            
            **Stage**
            
            **Deficiency**$
            
            $
            
            $
            
            $**Balance,
                September 20, 2000**
            
            
            -
            
            
            -
            
            
            -
            
            
            -
            
            
            -Common
                shares issued forcash
                at $0.00001 per share onSeptember
                20, 2000
            
            
            5,000,000
            
            
            50
            
            
            -
            
            
            -
            
            
            50Net
                loss for the period
            
            
            -
            
            
            -
            
            
            -
            
            
            (19,386
            )
            
            (19,386
            )**Balance,
                December 31, 2000**
            
            
            5,000,000
            
            
            50
            
            
            -
            
            
            (19,386
            )
            
            (19,336
            )Net
                loss for the year
            
            
            -
            
            
            -
            
            
            -
            
            
            (2,097
            )
            
            (2,097
            )**Balance,
                December 31, 2001**
            
            
            5,000,000
            
            
            50
            
            
            -
            
            
            (21,483
            )
            
            (21,433
            )Net
                loss for the year
            
            
            -
            
            
            -
            
            
            -
            
            
            (5,219
            )
            
            (5,219
            )**Balance,
                December 31, 2002**
            
            
            5,000,000
            
            
            50
            
            
            -
            
            
            (26,702
            )
            
            (26,652
            )Net
                loss for the year
            
            
            -
            
            
            -
            
            
            
            
            
            (21,614
            )
            
            (21,614
            )**Balance,
                December 31, 2003**
            
            
            5,000,000
            
            
            50
            
            
            -
            
            
            (48,316
            )
            
            (48,266
            )Common
                shares issued forcash
                at $0.05 per shareon
                March 10, 2004
            
            
            4,000,000
            
            
            40
            
            
            199,960
            
            
            -
            
            
            200,000Net
                loss for the year
            
            
            -
            
            
            -
            
            
            -
            
            
            (16,562
            )
            
            (16,562
            )Balance,
                December 31, 2004
            
            
            9,000,000
            
            
            90
            
            
            199,960
            
            
            (64,878
            )
            
            135,172














**See
      accompanying Notes to the Financial Statements**













**DRAVCO
        MINING INC.** **(An
          Exploration Stage Company)**
  **Statements
          of Cash Flows**











**Year
                Ended**
              **December
                31,**
              **2004**
            
            **Year
                Ended**
              **December
                31,**
              **2003**
            
            **Cumulative**
              **from**
              **Inception**
              **(September
                20,**
              **2000)
                to**
              **December
                31,**
              **2004**$
            
            $
            
            $**OPERATING
                ACTIVITIES**Loss
                from operations
            
            
            (16,562
            )
            
            (21,614
            )
            
            (64,878
            )Cash
                provided by changes in operating assets and liabilities:Accounts
                payable and accrued liabilities
            
            
            1,335
            
            
            1,676
            
            
            7,261Amount
                due to a related party
            
            
            -
            
            
            18,188
            
            
            43,127Net
                cash (used in) operating activities
            
            
            (15,227
            )
            
            (1,750
            )
            
            (14,490
            )**FINANCING
                ACTIVITIES**Issuance
                of commonshares
                for cash
            
            
            200,000
            
            
            -
            
            
            200,050Net
                cash provided by financing activities
            
            
            200,000
            
            
            -
            
            
            200,050Increase
                (decrease) in cash
            
            
            184,773
            
            
            (1,750
            )
            
            185,560Cash
                at beginning of period
            
            
            787
            
            
            2,537
            
            
            -**Cash
                at end of period**
            
            
            185,560
            
            
            787
            
            
            185,560**SUPPLEMENTAL
                CASH FLOWS INFORMATION**Interest
                expense
            
            
            212
            
            
            154
            
            
            548Taxes
            
            
            -
            
            
            -
            
            
            -














**See
      accompanying Notes to the Financial Statements**













**DRAVCO
        MINING INC.** **(An
          Exploration Stage Company)**
  **Notes
          to the Financial Statements** **December
            31, 2004 and 2003**











**NOTE
      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 does not own any property. Since inception the Company acquired the
      right to conduct exploration activity on 10 mineral claims in British Columbia,
      Canada for consideration of $878.00. Title to the property upon which the
      Company intends to conduct exploration activities, is not held by the Company.
      Title to the property is recorded in the name of Mr. Rodney Lozinski, president
      and sole director of the Company. The property is held in trust pursuant to
      a
      written declaration executed by Mr. Lozinski. If Mr. Lozinski transfers the
      property to another third party, the third party will obtain good title and
      the
      Company will have no claim on the property. Since Mr. Lozinski is the president
      and sole director of the Company and has a fiduciary duty to the Company, the
      Company would have cause of action against Mr. Lozinski for breach of fiduciary
      duty. The amount of damages would be the value of the property at that period
      of
      time, the value of which is unknown at this period of time. To date, the Company
      has not conducted any exploration on the claims. Management intends to conduct
      a
      preliminary exploration program to assess the potential of the
      claims.





The
      Company has not determined whether the exploration property contains ore
      reserves that are economically recoverable. At December 31, 2004 the Company
      has
      limited cash resources and will require new financing to maintain operations
      and
      initiate exploration work on its mineral property. Management intends to secure
      additional financing through the issuance of common stock. However, there can
      be
      no assurance that management will be successful in its efforts to secure
      additional financing through the issuance of common stock, or that it will
      ever
      develop a self-supporting business. These factors together raise substantial
      doubt about the Company’s ability to continue as a going concern. The financial
      statements do not include any adjustments that might result from the outcome
      of
      this uncertainty. .








**NOTE
      2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**





**Cash
      and cash equivalents**





The
      Company considers all highly liquid instruments with a maturity of three months
      or less at the time of issuance to be cash equivalents.





**Mineral
      property costs**





All
      exploration and maintenance costs incurred on the mineral property are 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 will be amortized over the estimated productive life of the
      property if it is placed into commercial production. If the property is sold
      or
      allowed to lapse, the related costs will be 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 will be charged
      to operations at the time impairment is determined.











**Advertising
      Costs**





Advertising
      costs are expensed as incurred. Advertising expenses were $nil for the year
      ended December 31, 2004 (2003: $nil).





**Stock-based
      compensation**





The
      Company accounts for stock options and similar equity instruments issued in
      accordance with SFAS No. 123 "Accounting for Stock-Based Compensation" and
      SFAS
      No. 148 “Accounting for Stock-Based Compensation - Transition and Disclosure”,
      an amendment to SFAS No. 123. Accordingly, compensation costs attributable
      to
      stock options or similar equity instruments granted to employees are measured
      at
      the fair value at the grant date, and expensed over the expected vesting period
      with a corresponding  increase
      to additional paid-in capital. Transactions in which goods or services are
      received from non-employees in exchange for the issuance of equity instruments
      are accounted for based on the fair value of the consideration received or
      the
      fair value of the equity instruments issued, whichever is more reliably
      measurable. As at December 31, 2004 and 2003 the Company has not issued any
      stock options or similar equity instruments.





**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.





**Loss
      per share**





Basic
      loss per common share has been calculated based on the weighted average number
      of common stock outstanding during the period. Diluted loss per share on the
      potential exercise of options and warrants is not presented where
      anti-dilutive.





**Use
      of estimates**





The
      preparation of financial statements in conformity with United States 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.





**Financial
      instruments and financial risk**





The
      Company’s financial instruments consist of cash, accounts payable and accrued
      liabilities and amounts due to a related party. The fair values of the current
      assets and liabilities approximate their carrying amount due to their short-term
      nature.





The
      Company is not exposed to significant interest, credit or currency risk arising
      from these financial instruments.










**DRAVCO
          MINING INC.** **(An
            Exploration Stage Company)**
  **Notes
            to the Financial Statements** **December
              31, 2004 and 2003**
 
  **NOTE
        3 - MINERAL PROPERTY**





The
      Company owns 10 mineral claims, known as Cahill 3 to 12 inclusive, situated
      in
      the Osoyoos Mining Division of the Province of British Columbia,
      Canada.





The
      claims were acquired by staking. There has been no exploration work conducted
      on
      the property by the Company.








**NOTE
      4 - AMOUNT DUE TO A RELATED PARTY**





Mr.
      R.
      Lozinski, the Company’s sole director
      and officer and majority shareholder, is
      owed
      $43,127 (2003: $43,127) for expenses paid on behalf of the Company. The amount
      due is non-interest bearing, has no stated terms of repayment and is
      unsecured.








**NOTE
      5 - COMMON STOCK**





There
      are
      no shares subject to warrants, agreements or options as at December 31, 2004
      (December 31, 2003: nil).








**NOTE
      6 - RECLASSIFICATION**





Certain
      prior year amounts have been reclassified to conform with the current year
      presentation.










**DRAVCO
          MINING INC.** **(An
            Exploration Stage Company)**
  **Notes
            to the Financial Statements** **December
              31, 2004 and 2003**





**NOTE
      7 - 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 net operating loss carry forwards has 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
      rate and the elected amount of the valuation allowance are as
      follows:





**Year**
              **Ended**
              **December
                31,**
              **2004**
            
            **Year**
              **Ended**
              **December
                31,**
              **2003**
            
            **Cumulative**
              **From**
              **Inception**
              **(September
                20,**
              **2000)
                to**
              **December
                31,**
              **2004**Statutory
                and effective tax rate
            
            
            15
            %
            
            15
            %
            
            15
            %$
            
            
            $
            
            
            $Income
                taxes recovered at the statutory and effective tax rate
            
            
            2,500
            
            
            3,250
            
            
            9,750Benefit
                of tax losses not recognized in the year
            
            
            (2,500
            )
            
            (3,250
            )
            
            (9,750
            )Income
                tax recovery (expense) recognized in year
            
            
            -
            
            
            -
            
            
            -





The
      approximate tax effects of each type of temporary difference that gives rise
      to
      future tax assets are as follows:





**December
                31,**
              **2004**
            
            **December
                31,**
              **2003**$
            
            $Net
                operating loss carry forwards (expiring 2020 - 2024)
            
            
            9,250
            
            
            7,000Mineral
                exploration costs
            
            
            500
            
            
            250Less:
                valuation allowance
            
            
            (9,750
            )
            
            (7,250
            )Net
                deferred tax assets
            
            
            -
            
            
            -











**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 last two fiscal years ended December 31, 2004 and 2003,
      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
                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.











**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
            TitleRodney
                Lozinski
            50
            Chief
                Executive Officer, Chief Financial Officer, President, Secretary,
                Director








**Background
      of Officers and Directors**





**Mr.
      Rodney Lozinski, age** **50**  -
      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
      nineteen 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 Kelowna, British Columbia,
      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
                offenses);





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;











(3)
            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;





(4)
            were
                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).





**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 officer and director for the three fiscal years ended
      December 31, 2004, 2003 and 2002. 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 TABLE**





Annual
                Compensation
            Long
                Term Compensation
            (i)Awards
            Payouts(a)
            (b)
            (c)
            (d)
            (e)
            (f)
            (g)
            (h)Name
                and Principal Position
            Year
            Salary
              ($)
            Bonus
              ($)
            Other
                Annual
              Compensation
              ($)
            Restricted
              Stock
              Awards
            Securities
              Underlying
              Options/
                SARS
              (#)
            LTIP
              Pay
                outs
              ($)
            All
                Other
              Compensation
              ($)Rodney
                Lozinski, CEO, CFO, President, Secretary
              Director
            12/31/04
              12/31/03
              12/31/02
            0
              0
              0
            0
              0
              0
            0
              0
              0
            0
              0
              0
            0
              0
              0
            0
              0
              0
            0
              0
              0








There
      are
      no employment agreements with our sole 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.





**Options/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 officers, or any directors or employees during the current fiscal
      year.





**Long-Term
      Incentive Plan Awards**





The
      Company does 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
      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 for services provided as directors. The director has not been paid
      any compensation for services provided as a director. No additional amounts
      are
      payable to the Company’s directors for committee participation or special
      assignments.





**Employment
      Contracts and Termination of Employment and Change-in-Control
      Arrangements**





None





**Report
      on Repricing of Options/SAR**





The
      Company did not reprice any options or SARs during the year ended December
      31,
      2004.





**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 March 16,
      2005, with the computation being based upon 9,000,000 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
              Owned
            Percentage
                of
              ClassRodney
                Lozinski
              Unit
                404-101-1865 Dilworth Drive
              Kelowna,
                British Columbia
              Canada
                V1Y 9T1
              CEO,
                CFO, President, Secretary and Director
            5,000,000
            55.55%





All
      directors and executive officers as a group (1 person) hold 5,000,000 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.





**PART
      IV**





**Item
                13.**
            **Exhibits.**





The
      following exhibits are filed with this report:




**Exhibit
                No.**
            **Description**23.1
            Consent
              of Hoogendoorn Vellmer Chartered Accountants31.1
            Certification
              pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 - Chief
              Executive and Financial Officer32.1
            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.





**Exhibit
                No.**
            **Description**14.1
            Code
                of Ethics





The
      following documents are incorporated herein by reference from the Company’s SB2
      Registration Statement - Amendment 4 filed with the Securities and Exchange
      Commission, SEC file #333-54044 on October 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
                Bylaws99.2
            Escrow
                Agreement with Signature Stock Transfer Inc.











The
      following documents are incorporated herein by reference from the Company’s SB2
      Registration Statement 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 Certificate10.1
            Trust
                Agreement10.2
            Bill
                of Sale Absolute99.1
            Sample
                Subscription Agreement





**Reports
      on Form 8-K**





None








**Item
                14.**
            **Principal
                Accounting Fees and
                Services.**





The
      following table sets forth fees for services Hoogendoorn Vellmer, Chartered
      Accountants provided during fiscal years 2004 and 2003:








2004
              2003
 Audit
                  Fees (1)
              $
                  3,938
              $
                  3,750Audit-related
                  fees (2)Tax
                  fees (3)
              $
                  428
              $
                  321All
                  other fees (4)Total
              $
                  4,366
              $
                  4,071





(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 2004 and 2003, 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 2004 and 2003, the Company did not incur any other fees related
                to
                the Company’s financial statements and other services
                provided.










The
      Company’s Board of Directors has determined that the provision of non-audit
      services by Hoogendoorn Vellmer, Chartered Accountants, is compatible with
      maintaining Hoogendoorn Vellmer’s independence, and none of such services were
      pre-approved pursuant to the *de
      minimis* exception provided in Section 10A(i)(1)(B) of the Securities Exchange Act of
      1934.





The
      percentage of hours expended on the principal accountant’s engagement to audit
      our financial statements for the most recent fiscal year that were attributed
      to
      work performed by persons other than the principal accountant’s full time,
      permanent employees was 0%.











**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.





*/s/
                Rodney Lozinski*
            Date:
                October 24th,
                2005Rodney
                LozinskiPresident,
                Principal Executive Officer, Treasurer, Principal
                FinancialOfficer,
                Principal Accounting Officer, Secretary and sole member of the Board
                of
                Directors.