**UNITED        STATES**

**SECURITIES        AND EXCHANGE COMMISSION**

**Washington,        D.C. 20549**

**FORM        10-KSB/A**

| **[                  X ]** | **ANNUAL                  REPORT UNDER SECTION 13 0R 15(****d****)                  OF THE SECURITIES EXCHANGE ACT OF                  1934** |
|----------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------|

**August        31, 2006**

| **[                    ]** | **TRANSITION                  REPORT UNDER SECTION 13 0R 15(****d****)                  OF THE SECURITIES EXCHANGE ACT OF                  1934** |
|--------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------|

**000-51718**

| **GARPA                  RESOURCES, INC.**                                       |
|----------------------------------------------------------------------------------|
| (Name                  of Small Business Issuer in its                  charter) |

|  Nevada                                                                                           |  20-0716175                                          |
|--------------------------------------------------------------------------------------------------------|-----------------------------------------------------------|
| (State                  or other jurisdiction of incorporation or                  organization)  | (I.R.S. Employer Identification                No.)  |
| 620                  - 650 West Georgia Street, Vancouver, British Columbia,                  Canada   |  V6B                  4N9                            |
| (Address                  of principal executive offices)                                         | (Zip                  Code)                          |

|  **Title                  of each class** |  **Name                  of each exchange on which registered** |
|------------------------------------------------|----------------------------------------------------------------------|
|                                           |                                                                 |
| None                            | N/A                                                        |

| common                  stock - $0.001 par value |
|--------------------------------------------------|
| (Title                  of Class)                |

**Yes        [ X ] No [ ]**

**[        X ]**

**[          ] Yes [ X ] No**

**Page            - 1**

----

**$0**

**non-affiliates**
**$3,597,750        as of November 29, 2006 {$1.17 X 3,075,000}**

| **Class**                                        | **Outstanding                  at November 30, 2006** |
|--------------------------------------------------|-------------------------------------------------------|
| common                  stock - $0.001 par value | 5,575,000                                             |

**None**

**        Yes [   ] No [ x ]**

**Page            - 2**

----

**GARPA        RESOURCES INC.**

**Form        10-KSB/A**

**1**
**st**

**        Amendment**

**EXPLANATORY        NOTE**

**Report**

**Part        II**

**Item        6.**
**Management’s        Discussion and Analysis.**

**Plan        of Operation**

**Exploration        Plan**

**Page            - 3**

----

**Phase        Two Exploration Cost Review**

|  Geochemical analysis: |  CDN$4,500                                                          |
|-----------------------------|--------------------------------------------------------------------------|
|  Geological Mapping    |  $6,550                                                             |
|  Trenching             |  $18,000                                                            |
|  Report                |  $4,000                                                             |
|  Contingencies         |  $3,000                                                             |
|                        |  Total                        $36,050 |

**Accounting        and Audit Plan**

**Results        of Operation**

**Liquidity        and Capital Resources**

**Page            - 4**

----

**Off-balance        Sheet Arrangements**

**Internal        and External Sources of Liquidity**

**Material        Commitments for Capital Expenditures**

**Overview        and Anticipated Expenses**

**Critical        Accounting Policies **

*Use        of Estimates*

*Basic        and Diluted Net Income (Loss) Per Share*

* *

**Page            - 5**

----

*Cash        and Cash Equivalents*

*Mineral        Properties*

*Financial        Instruments*

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

**Part        III**

**Item        13. Exhibits.**

**(a)**
**Index        to and Description of Exhibits.**

|  **Exhibit**                     |  **Description**                                                                                                                                                                                                                                                              |  **Status**  |
|--------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------|
|  **Exhibit                  A**  | Restated                  Audited Financial Statements as of August 31, 2006 and for the                  period                  February 11, 2004 to August 31, 2006.                                                                                                                 | Included               |
|  **3.1**                         |  Articles                  of Incorporation of Garpa Resources, Inc., filed as an Exhibit                  to Garpa’s                  Form SB-2 filed on November 21, 2005 and incorporated herein by                  reference.                                      |  Filed       |
|  **3.2**                         |  By-Laws                  of Garpa Resources, Inc., filed as an Exhibit to Garpa’s Form SB-2 filed                  on November 21, 2005 and incorporated herein by reference.                                                                                          |  Filed       |
|  **10.1**                        |  Property                  Agreement dated March 7, 2005 between Garpa Resources, Inc. and                  Jaroslav                  Ruza, filed as an Exhibit to Garpa’s Form SB-2 filed on March 5, 2004 and                  incorporated herein by reference.      |  Filed       |
|  **10.2**                        |  Trust                  Agreement dated March 7, 2005 between Garpa Resources, Inc. and                  Gary                  Schellenberg, filed as an Exhibit to Garpa’s Form SB-2 filed on February                  4, 2005 and incorporated herein by reference.  |  Filed       |
|  **14**                          |  Code                  of Ethics, filed as an Exhibit to Garpa’s Form SB-2 filed on November 21,                  2005 and incorporated herein by reference.                                                                                                            |  Filed       |
|  **31**                          |  Certifications                  pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                                   |  Included    |
|  **32**                          |  Certification                  pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section                  906 of                  the Sarbanes-Oxley Act of 2002.                                                                                                   |  Included    |

**Page            - 6**

----

**SIGNATURES**

**GARPA        RESOURCES, INC.**

*** ***

**Gary        Schellenberg**

**:**
**Director        and CEO**

**January        22, 2007**

|  **Signature** |  **Title**                                                                                                                                       |  **Date**               |
|---------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------|
|                | President,                  Principal Executive Officer,Chief                  Financial Officerand                  sole member of the Board of Directors | January                  22, 2007 |

**Page            - 7**

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**Exhibit        31**

**Page            - 8**

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**GARPA        RESOURCES, INC**
**.        **

**CERTIFICATIONS        PURSUANT TO **

**SECTION        302 OF THE SARBANES-OXLEY ACT OF 2002 **

**CERTIFICATION        **

**Page            - 9**

----

**GARPA        RESOURCES, INC**
**.        **

**CERTIFICATIONS        PURSUANT TO **

**SECTION        302 OF THE SARBANES-OXLEY ACT OF 2002 **

**CERTIFICATION        **

**Page            - 10**

----

**Exhibit        32**

**Page            - 11**

----

**CERTIFICATION        PURSUANT TO **

**18        U.S.C. SECTION 1350, **

**AS        ADOPTED PURSUANT TO **

**SECTION        906 OF THE SARBANES-OXLEY ACT OF 2002 **

**Page            - 12**

----

**CERTIFICATION        PURSUANT TO **

**18        U.S.C. SECTION 1350, **

**AS        ADOPTED PURSUANT TO **

**SECTION        906 OF THE SARBANES-OXLEY ACT OF 2002 **

**Page            - 13**

----

**Exhibit        A**

**Page            - 14**

----

Report        of Independent Registered Public Accounting        Firm

Balance        Sheets

Statements        of Operations

Statements        of Cash Flows

Statement        of Stockholders’ Equity

Notes        to the Financial Statements

**Page            - 15**

----

Report        of Independent Registered Public Accounting        Firm

**Page            - 16**

----

Balance        Sheets

|                                                                                                                                   |   | August                  31,2006$                       |   |   | August                  31,2005$ |   |
|----------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------|--------|--------|----------------------------------|--------|
|                                                                                                                                   |   | (Restated                  - Note                  6)  |   |   |                             |   |
|                                                                                                                                   |   |                                                        |   |   |                             |   |
| ASSETS                                                                                                                                 |   |                                                        |   |   |                             |   |
|                                                                                                                                   |   |                                                        |   |   |                             |   |
| Current                  Assets                                                                                                        |   |                                                        |   |   |                             |   |
|                                                                                                                                   |   |                                                        |   |   |                             |   |
| Cash                                                                                                                                   |   | 9,284                                                       |   |   | 33,257                           |   |
| Due                  from related party                                                                                                |   | -                                                           |   |   | 52                               |   |
|                                                                                                                                   |   |                                                        |   |   |                             |   |
| Total                  Assets                                                                                                          |   | 9,284                                                       |   |   | 33,309                           |   |
|                                                                                                                                   |   |                                                        |   |   |                             |   |
|                                                                                                                                   |   |                                                        |   |   |                             |   |
| LIABILITIES                  AND STOCKHOLDERS’ EQUITY                                                                            |   |                                                        |   |   |                             |   |
|                                                                                                                                   |   |                                                        |   |   |                             |   |
| Current                  Liabilities                                                                                                   |   |                                                        |   |   |                             |   |
|                                                                                                                                   |   |                                                        |   |   |                             |   |
| Accounts                  payable                                                                                                      |   | 2,458                                                       |   |   | 26                               |   |
| Accrued                  liabilities                                                                                                   |   | 5,441                                                       |   |   | 4,750                            |   |
|                                                                                                                                   |   |                                                        |   |   |                             |   |
| Total                  Liabilities                                                                                                     |   | 7,899                                                       |   |   | 4,776                            |   |
|                                                                                                                                   |   |                                                        |   |   |                             |   |
|                                                                                                                                   |   |                                                        |   |   |                             |   |
| Contingencies                  and Commitments (Notes 1 and 4)                                                                         |   |                                                        |   |   |                             |   |
|                                                                                                                                   |   |                                                        |   |   |                             |   |
| Stockholders’                  Equity                                                                                            |   |                                                        |   |   |                             |   |
|                                                                                                                                   |   |                                                        |   |   |                             |   |
| Common                  Stock, 75,000,000 shares authorized, $0.001 par value 5,575,000                  shares issued and outstanding |   | 5,575                                                       |   |   | 5,575                            |   |
|                                                                                                                                   |   |                                                        |   |   |                             |   |
| Additional                  Paid-in Capital                                                                                            |   | 50,675                                                      |   |   | 50,675                           |   |
|                                                                                                                                   |   |                                                        |   |   |                             |   |
| Donated                  Capital (Note 3)                                                                                              |   | 22,500                                                      |   |   | 13,500                           |   |
|                                                                                                                                   |   |                                                        |   |   |                             |   |
| Deficit                  Accumulated During the Exploration Stage                                                                      |   | (77,365                                                     | )      |   | (41,217                          | )      |
|                                                                                                                                   |   |                                                        |   |   |                             |   |
| Total                  Stockholders’ Equity                                                                                      |   | 1,385                                                       |   |   | 28,533                           |   |
|                                                                                                                                   |   |                                                        |   |   |                             |   |
| Total                  Liabilities and Stockholders’ Equity                                                                      |   | 9,284                                                       |   |   | 33,309                           |   |
|                                                                                                                                   |   |                                                        |   |   |                             |   |

**Page              - 17**

----

Statements        of Operations

|                                                    | Accumulated                  From                  February                  11, 2004 (Date of Inception) |    | For                  the YearEndedAugust                  31, |   | For                  the YearEndedAugust                  31, |   |
|---------------------------------------------------------|-----------------------------------------------------------------------------------------------------------|---------|---------------------------------------------------------------|--------|---------------------------------------------------------------|--------|
|                                                    | To                  August 31,                                                                            |    |
|                                                    |                                                                                                      | 2006    |                                                          |   | 2006                                                          |   |   | 2005 |   |
|                                                    |                                                                                                      | $  |                                                          |   | $                                                             |   |   | $ |   |
|                                                    |  (Restated                  - Note 6)                                                           |    | (Restated                  - Note 6)                          |   |                                                          |   |   |
|                                                    |                                                                                                      |    |                                                          |   |                                                          |   |   |   |   |
| Revenue                                                 |                                                                                                      | -       |                                                          |   | -                                                             |   |   | - |   |
|                                                    |                                                                                                      |    |                                                          |   |                                                          |   |   |   |   |
|                                                    |                                                                                                      |    |                                                          |   |                                                          |   |   |   |   |
| Expenses                                                |                                                                                                      |    |                                                          |   |                                                          |   |   |   |   |
|                                                    |                                                                                                      |    |                                                          |   |                                                          |   |   |   |   |
| Donated                  rent (Note 3)                  |                                                                                                      | 7,500   |                                                          |   | 3,000                                                         |   |   | 3,000 |   |
| Donated                  services (Note 3)              |                                                                                                      | 15,000  |                                                          |   | 6,000                                                         |   |   | 6,000 |   |
| General                  and administrative             |                                                                                                      | 1,500   |                                                          |   | 1,059                                                         |   |   | 319 |   |
| Mineral                  property costs (Note 4)        |                                                                                                      | 35,090  |                                                          |   | 12,564                                                        |   |   | 22,500 |   |
| Professional                  fees                      |                                                                                                      | 18,275  |                                                          |   | 13,525                                                        |   |   | 3,500 |   |
|                                                    |                                                                                                      |    |                                                          |   |                                                          |   |   |   |   |
| Total                  Expenses                         |                                                                                                      | 77,365  |                                                          |   | 36,148                                                        |   |   | 35,319 |   |
|                                                    |                                                                                                      |    |                                                          |   |                                                          |   |   |   |   |
| Net                  Loss                               |                                                                                                      | (77,365 | )                                                             |   | (36,148                                                       | )      |   | (35,319 | ) |
|                                                    |                                                                                                      |    |                                                          |   |                                                          |   |   |   |   |
|                                                    |                                                                                                      |    |                                                          |   |                                                          |   |   |   |   |
| Net                  Loss Per Share - Basic and Diluted |                                                                                                      |    |                                                          |   | (0.01                                                         | )      |   | (0.01 | ) |
|                                                    |                                                                                                      |    |                                                          |   |                                                          |   |   |   |   |
|                                                    |                                                                                                      |    |                                                          |   |                                                          |   |   |   |   |
| Weighted                  Average Shares Outstanding    |                                                                                                      |    |                                                          |   | 5,575,000                                                     |   |   | 3,755,000 |   |
|                                                    |                                                                                                      |    |                                                          |   |                                                          |   |   |   |   |

**Page              - 18**

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Statements        of Cash Flows

|                                                                                                              |                                             | Accumulated                  From                  February                  11, 2004 (Date of Inception)To                  August 31,   |                                 |   | For                  the YearEndedAugust                  31, |   |   | For                  the YearEndedAugust                  31, |   |
|-------------------------------------------------------------------------------------------------------------------|--------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------|--------|---------------------------------------------------------------|--------|--------|---------------------------------------------------------------|--------|
|                                                                                                              |                                             | 2006                                                                                                                                                |                                 |   | 2006                                                          |   |   | 2005                                                          |   |
|                                                                                                              |                                             | $                                                                                                                                              |                                 |   | $                                                             |   |   | $                                                             |   |
|                                                                                                              |  (Restated                  - Note 6)  |                                                                                                                                                | (Restated                  - Note 6) |   |                                                          |   |   |
|                                                                                                              |                                             |                                                                                                                                                |                                 |   |                                                          |   |   |                                                          |   |
| Operating                  Activities                                                                             |                                             |                                                                                                                                                |                                 |   |                                                          |   |   |                                                          |   |
|                                                                                                              |                                             |                                                                                                                                                |                                 |   |                                                          |   |   |                                                          |   |
| Net                  loss                                                                                         |                                             | (77,365                                                                                                                                             | )                                    |   | (36,148                                                       | )      |   | (35,319                                                       | )      |
|                                                                                                              |                                             |                                                                                                                                                |                                 |   |                                                          |   |   |                                                          |   |
| Adjustments                  to reconcile net loss to net cash provided by operating                  activities: |                                             |                                                                                                                                                |                                 |   |                                                          |   |   |                                                          |   |
| Donated                  services and expenses                                                                    |                                             | 22,500                                                                                                                                              |                                 |   | 9,000                                                         |   |   | 9,000                                                         |   |
|                                                                                                              |                                             |                                                                                                                                                |                                 |   |                                                          |   |   |                                                          |   |
| Change                  in operating assets and liabilities:                                                      |                                             |                                                                                                                                                |                                 |   |                                                          |   |   |                                                          |   |
| Accounts                  payable & accrued liabilities                                                       |                                             | 7,899                                                                                                                                               |                                 |   | 3,123                                                         |   |   | 3,500                                                         |   |
|                                                                                                              |                                             |                                                                                                                                                |                                 |   |                                                          |   |   |                                                          |   |
| Net                  Cash Used in Operating Activities                                                            |                                             | (46,966                                                                                                                                             | )                                    |   | (24,025                                                       | )      |   | (22,819                                                       | )      |
|                                                                                                              |                                             |                                                                                                                                                |                                 |   |                                                          |   |   |                                                          |   |
| Financing                  Activities                                                                             |                                             |                                                                                                                                                |                                 |   |                                                          |   |   |                                                          |   |
|                                                                                                              |                                             |                                                                                                                                                |                                 |   |                                                          |   |   |                                                          |   |
| Advances                  from related parties                                                                    |                                             | -                                                                                                                                                   |                                 |   | 52                                                            |   |   | (52                                                           | )      |
| Proceeds                  from issuance of common stock                                                           |                                             | 56,250                                                                                                                                              |                                 |   | -                                                             |   |   | 53,750                                                        |   |
|                                                                                                              |                                             |                                                                                                                                                |                                 |   |                                                          |   |   |                                                          |   |
| Net                  Cash Provided by Financing Activities                                                        |                                             | 56,250                                                                                                                                              |                                 |   | 52                                                            |   |   | 53,698                                                        |   |
|                                                                                                              |                                             |                                                                                                                                                |                                 |   |                                                          |   |   |                                                          |   |
| Increase                  (Decrease) in Cash                                                                      |                                             | 9,284                                                                                                                                               |                                 |   | (23,973                                                       | )      |   | 30,879                                                        |   |
|                                                                                                              |                                             |                                                                                                                                                |                                 |   |                                                          |   |   |                                                          |   |
| Cash                  - Beginning of Period                                                                       |                                             | -                                                                                                                                                   |                                 |   | 33,257                                                        |   |   | 2,378                                                         |   |
|                                                                                                              |                                             |                                                                                                                                                |                                 |   |                                                          |   |   |                                                          |   |
| Cash                  - End of Period                                                                             |                                             | 9,284                                                                                                                                               |                                 |   | 9,284                                                         |   |   | 33,257                                                        |   |
|                                                                                                              |                                             |                                                                                                                                                |                                 |   |                                                          |   |   |                                                          |   |
|                                                                                                              |                                             |                                                                                                                                                |                                 |   |                                                          |   |   |                                                          |   |
| Supplemental                  Disclosures                                                                         |                                             |                                                                                                                                                |                                 |   |                                                          |   |   |                                                          |   |
| Interest                  paid                                                                                    |                                             |                                                                                                                                                |                                 |   | -                                                             |   |   | -                                                             |   |
| Income                  taxes paid                                                                                |                                             |                                                                                                                                                |                                 |   | -                                                             |   |   | -                                                             |   |
|                                                                                                              |                                             |                                                                                                                                                |                                 |   |                                                          |   |   |                                                          |   |

**Page            - 19**

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Statements        of Stockholders’ Deficit

|                                                             |   |         |   |   |       |   |   |    | Deficit                     |   |    |   |
|------------------------------------------------------------------|--------|--------------|--------|--------|------------|--------|--------|---------|-----------------------------|--------|---------|--------|
|                                                             |   |         |   |   |       |   |   |    | Accumulated                 |   |    |   |
|                                                             |   |         |   |   | Additional |   |   |    | During                  the |   |    |   |
|                                                             |   | Common  |   |   |       |   |   | Paid-in |                        |   | Donated |   |   | Exploration |   |   |   |   |
|                                                             |   | Stock   |   |   | Amount     |   |   | Capital |                        |   | Capital |   |   | Stage |   |   | Total |   |
|                                                             |   | #       |   |   | $          |   |   | $       |                        |   | $  |   |   | $ |   |   | $ |   |
|                                                             |   |         |   |   |       |   |   |    |                        |   |    |   |   |   |   |   |   |   |
| Balance                  - February 11, 2004 (Date of Inception) |   | -            |   |   | -          |   |   | -       |                        |   | -       |   |   | - |   |   | - |   |
|                                                             |   |         |   |   |       |   |   |    |                        |   |    |   |   |   |   |   |   |   |
| Issuance                  of common stock for cash               |   |         |   |   |       |   |   |    |                        |   |    |   |   |   |   |   |   |   |
| at                  $.001/share                                  |   | 2,500,000    |   |   | 2,500      |   |   | -       |                        |   | -       |   |   | - |   |   | 2,500 |   |
|                                                             |   |         |   |   |       |   |   |    |                        |   |    |   |   |   |   |   |   |   |
| Donated                  services and expenses                   |   | -            |   |   | -          |   |   | -       |                        |   | 4,500   |   |   | - |   |   | 4,500 |   |
|                                                             |   |         |   |   |       |   |   |    |                        |   |    |   |   |   |   |   |   |   |
| Net                  loss                                        |   | -            |   |   | -          |   |   | -       |                        |   | -       |   |   | (5,898 | ) |   | (5,898 | ) |
|                                                             |   |         |   |   |       |   |   |    |                        |   |    |   |   |   |   |   |   |   |
| Balance                  - August 31, 2004                       |   | 2,500,000    |   |   | 2,500      |   |   | -       |                        |   | 4,500   |   |   | (5,898 | ) |   | 1,102 |   |
|                                                             |   |         |   |   |       |   |   |    |                        |   |    |   |   |   |   |   |   |   |
| Issuance                  of common stock for cash               |   |         |   |   |       |   |   |    |                        |   |    |   |   |   |   |   |   |   |
| at                  $.01/share                                   |   | 2,500,000    |   |   | 2,500      |   |   | 22,500  |                        |   | -       |   |   | - |   |   | 25,000 |   |
| at                  $.05/share                                   |   | 575,000      |   |   | 575        |   |   | 28,175  |                        |   | -       |   |   | - |   |   | 28,750 |   |
|                                                             |   |         |   |   |       |   |   |    |                        |   |    |   |   |   |   |   |   |   |
| Donated                  services and expenses                   |   | -            |   |   | -          |   |   | -       |                        |   | 9,000   |   |   | - |   |   | 9,000 |   |
|                                                             |   |         |   |   |       |   |   |    |                        |   |    |   |   |   |   |   |   |   |
| Net                  loss                                        |   | -            |   |   | -          |   |   | -       |                        |   | -       |   |   | (35,319 | ) |   | (35,319 | ) |
|                                                             |   |         |   |   |       |   |   |    |                        |   |    |   |   |   |   |   |   |   |
| Balance                  - August 31, 2005                       |   | 5,575,000    |   |   | 5,575      |   |   | 50,675  |                        |   | 13,500  |   |   | (41,217 | ) |   | 28,533 |   |
|                                                             |   |         |   |   |       |   |   |    |                        |   |    |   |   |   |   |   |   |   |
| Donated                  services and expenses                   |   | -            |   |   | -          |   |   | -       |                        |   | 9,000   |   |   | - |   |   | 9,000 |   |
|                                                             |   |         |   |   |       |   |   |    |                        |   |    |   |   |   |   |   |   |   |
| Net                  loss                                        |   | -            |   |   | -          |   |   | -       |                        |   | -       |   |   | (36,148 | ) |   | (36,148 | ) |
|                                                             |   |         |   |   |       |   |   |    |                        |   |    |   |   |   |   |   |   |   |
| Balance                  - August 31, 2006                       |   | 5,575,000    |   |   | 5,575      |   |   | 50,675  |                        |   | 22,500  |   |   | (77,365 | ) |   | 1,385 |   |

**Page            - 20**

----

Notes          to the Financial Statements

----

*Accounting        and Reporting for Development Stage Enterprises*

| a)   | Basis                  of Presentation |
|----------------|----------------------------------------|

| b)   | Use                  of Estimates |
|----------------|-----------------------------------|

| c)   | Basic                  and Diluted Net Income (Loss) Per                  Share |
|----------------|---------------------------------------------------------------------------------|

*Earnings        per Share*

| d)   | Comprehensive                  Loss |
|----------------|-------------------------------------|

*Reporting        Comprehensive Income*

| e)   | Cash                  and Cash Equivalents |
|----------------|--------------------------------------------|

**Page              - 21**

----

----

| f)   | Mineral                  Property Costs |
|----------------|-----------------------------------------|

| g)   | Long-Lived                  Assets |
|----------------|------------------------------------|

*Accounting        for the Impairment or Disposal of Long-Lived Assets*

| h)   | Financial                  Instruments |
|----------------|----------------------------------------|

| i)   | Income                  Taxes |
|----------------|-------------------------------|

*Accounting        for Income Taxes*

| j)   | Foreign                  Currency Translation |
|----------------|-----------------------------------------------|

*Foreign        Currency Translation*

| k)   | Recent                  Accounting Pronouncements |
|----------------|---------------------------------------------------|

*“Accounting        for Certain Hybrid Financial Instruments*
*“Accounting        for Servicing of Financial Assets”,*

**Page              - 22**

----

----

| j)   | Recent                  Accounting Pronouncements                  (continued) |
|----------------|--------------------------------------------------------------------------------|

| a)  | During                the year ended August 31, 2006, the Company recognized a total of                $6,000                (2005 - $6,000) for donated services at $500 per month and $3,000                (2005 -                $3,000) for donated rent at $250 per month provided by the President                of                the Company. |
|----------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |
|--------|--------|
| b)   | At                  August 31, 2006, the Company is indebted to a private company with                  a                  common officer in the amount of $2,685 for geological expenses                  incurred on                  behalf of the Company. This amount is unsecured, non-interest bearing                  and                  is included in accrued liabilities. |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                    |   | August                  31,2006$ |   | August                  31,2005$ |
|-----------------------------------------|--------|----------------------------------|--------|----------------------------------|
|                                    |   |                             |   |                             |
| Net                  Operating Losses   |   | 54,900                           |   | 27,700                           |
|                                    |   |                             |   |                             |
| Statutory                  Tax Rate     |   | 35%                              |   | 35%                              |
|                                    |   |                             |   |                             |
| Effective                  Tax Rate     |   | -                                |   | -                                |
|                                    |   |                             |   |                             |
| Deferred                  Tax Asset     |   | 19,200                           |   | 9,695                            |
|                                    |   |                             |   |                             |
| Valuation                  Allowance    |   | (19,200)                         |   | (9,695)                          |
|                                    |   |                             |   |                             |
| Net                  Deferred Tax Asset |   | -                                |   | -                                |

**Page              - 23**

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----

|                                                              | As                  At August 31, 2006 |
|-------------------------------------------------------------------|----------------------------------------|
|                                                              | As                  Reported$          | Adjustment$ | As                  Restated$ |
|                                                              |                                   |   |   |
| Current                  Liabilities                              |                                   |   |   |
|                                                              |                                   |   |   |
| Accrued                  Liabilities                              | 2,756                                  | 2,685 | 5,441 |
|                                                              |                                   |   |   |
| Total                  Liabilities                                | 5,214                                  | 2,685 | 7,899 |
|                                                              |                                   |   |   |
| Stockholders’                  Equity                       |                                   |   |   |
|                                                              |                                   |   |   |
| Deficit                  Accumulated During the Exploration Stage | (74,680)                               | (2,685) | (77,365) |
|                                                              |                                   |   |   |
| Total                  Stockholders’ Equity                 | 4,070                                  | (2,685) | 1,385 |
|                                                              |                                   |   |   |

|                                    | Accumulated                  from February 11, 2004(Date                  of Inception) to August 31, 2006 |
|-----------------------------------------|------------------------------------------------------------------------------------------------------------|
|                                    | As                  Reported$                                                                              | Adjustment$ | As                  Restated$ |
|                                    |                                                                                                       |   |   |
| Expenses                                |                                                                                                       |   |   |
| Mineral                  property costs | 32,405                                                                                                     | 2,685 | 35,090 |
|                                    |                                                                                                       |   |   |
| Total                  Expenses         | 74,680                                                                                                     | 2,685 | 77,365 |
|                                    |                                                                                                       |   |   |
| Net                  Loss               | (74,680)                                                                                                   | (2,685) | (77,365) |
|                                    |                                                                                                       |   |   |

|                                    | For                  the Year ended August 31, 2006 |
|-----------------------------------------|-----------------------------------------------------|
|                                    | As                  Reported$                       | Adjustment$ | As                  Restated$ |
|                                    |                                                |   |   |
| Expenses                                |                                                |   |   |
| Mineral                  property costs | 9,879                                               | 2,685 | 12,564 |
|                                    |                                                |   |   |
| Total                  Expenses         | 33,463                                              | 2,685 | 36,148 |
|                                    |                                                |   |   |
| Net                  Loss               | (33,463)                                            | (2,685) | (36,148) |
|                                    |                                                |   |   |

**Page              - 24**

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----

|                                                        | Accumulated                  from February 11, 2004 (Date                  of Inception) to August 31, 2006 |
|-------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------|
|                                                        | As                  Reported$                                                                               | Adjustment$ | As                  Restated$ |
|                                                        |                                                                                                        |   |   |
| Operating                  Activities                       |                                                                                                        |   |   |
|                                                        |                                                                                                        |   |   |
| Net                  loss                                   | (74,680)                                                                                                    | (2,685) | (77,365) |
|                                                        |                                                                                                        |   |   |
| Accounts                  payable & accrued liabilities | 5,214                                                                                                       | 2,685 | 7,899 |
|                                                        |                                                                                                        |   |   |

|                                                        | For                  the Year Ended August 31, 2006 |
|-------------------------------------------------------------|-----------------------------------------------------|
|                                                        | As                  Reported$                       | Adjustment$ | As                  Restated$ |
|                                                        |                                                |   |   |
| Operating                  Activities                       |                                                |   |   |
|                                                        |                                                |   |   |
| Net                  loss                                   | (33,463)                                            | (2,685) | (36,148) |
|                                                        |                                                |   |   |
| Accounts                  payable & accrued liabilities | 438                                                 | 2,685 | 3,123 |
|                                                        |                                                |   |   |

**Page            - 25**

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