| OMB APPROVAL                                                                                                    |
|----------------------------------------------------------------------------------------------------------------------|
| OMB Number: 3235-0420Expires: March 31, 2007Estimated average                burden hours per response....1646  |

**SECURITIES AND EXCHANGE      COMMISSIONWashington, D.C. 20549**

| NEVADA(State or other jurisdiction of incorporation                or organization)  | 25-1901892(IRS Employer Identification No.)  |
|-------------------------------------------------------------------------------------------|---------------------------------------------------|

**None**

**Common Stock**

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| Claim Name  | Units (Hectares)  | Units (Acres)  | Tenure Number  | Expiry Date        |
|------------------|------------------------|---------------------|---------------------|-------------------------|
| Hart 1      | 520.5 ha          | 1286.0         | 524465         | December 28, 2006  |
| Kerry       | 208.2 ha          | 514.0          | 524468         | December 28, 2006  |

Property Geology

Much of the property      is covered by      glacial drift. Outcrops are generally restricted to road cuts, ridge tops and      stream gullies and are limited on the property. 

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2006 Field Work

Exploration Program Recommendations

Regulations

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**Loan repayment $25,000 Exploration expenses 25,500 Audit & legal fees 5,495 Office & related expenses 8,660 Balance in bank $75,345 Total Proceeds Received  **

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Results of Operations

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Liquidity and Capital Resources

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| Member: Canadian Institute of Chartered AccountantsInstitute of Chartered                Accountants of British ColumbiaInstitute of Management Accountants                (USA) (From 1965) **Registered with:**Public Company Accounting                Oversight Board (USA) (PCAOB)Canadian Public Accountability Board                (CPAB)Canada - British Columbia Public Practice Licence  | Securities Commission BuildingPO Box 10129, Pacific                CentreSuite 1400 - 701 West Georgia StreetVancouver, British                ColumbiaCanada V7Y 1C6 Telephone: (604) 662-8899Fax: (604)                662-8809Email: moenca@telus.net  |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| D A L E   M A T H E S O N C A R R - H I L T O N   L A B O N T E CHARTERED ACCOUNTANTS  | Partnership of:Robert J. Burkart, Inc. James                F. Carr-Hilton, Ltd.Alvin F. Dale, Ltd.                Peter J. Donaldson,                Inc.Wilfred **A**Jacobson,                Inc. Reginald J. LaBonte, Ltd.Robert J. Matheson,                Inc. Rakesh I. Patel, Inc.Fraser G. Ross, Ltd. Brian                A. Shaw, Inc.Anthony L. Soda,                Inc.  |
|---------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**3**

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**Balance Sheets**

|                                                                     | December 31, 2005 $  |   | December 31, 2004 $  |
|--------------------------------------------------------------------------|--------------------------------|--------|-------------------------------------|
| ASSETS                                                              |                           |   |                                |
| Current Assets                                                      |                           |   |                                |
| Cash and cash equivalents                                           | 75,345                    |   | 8,123                          |
| Prepaid expenses                                                    | 21,250                    |   | -                              |
| Total Current Assets                                                | 96,595                    |   | 8,123                          |
|                                                                     |                           |   |                                |
| Equipment (Note 2)                                                  | 4,342                     |   | 2,430                          |
|                                                                     |                           |   |                                |
| Total Assets                                                        | 100,937                   |   | 10,553                         |
|                                                                     |                           |   |                                |
| LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)                      |
| Current Liabilities                                                 |                           |   |                                |
| Accounts payable and accrued liabilities                            | 16,242                    |   | 1,330                          |
| Notes payable (Note 4)                                              | 26,341                    |   | 51,341                         |
| Total Current Liabilities                                           | 42,583                    |   | 52,671                         |
|                                                                     |                           |   |                                |
| Going concern contingency (Note 1)                                  |                           |   |                                |
|                                                                     |                           |   |                                |
| Stockholders' Equity (Deficit)                                      |                           |   |                                |
| Common Stock , $0.001 par value; 75,000,000 shares                  |                           |   |                                |
| Authorized, 7,749,497 (6,349,497 - 2004)                            |                           |   |                                |
| Stock issued and outstanding                                        | 7,750                     |   | 6,350                          |
| Additional paid in capital                                          | 173,200                   |   | 34,600                         |
| Deficit, accumulated during exploration stage                       | (122,596)                 |   | (83,068)                       |
|                                                                     |                           |   |                                |
| Total Stockholders' Equity (Deficit)                                | 58,354                    |   | (42,118)                       |
|                                                                     |                           |   |                                |
| Total Liabilities and Stockholders' Equity                          | 100,937                   |   | 10,553                         |

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**Statements of Operations**

|                                                       | Cumulative results of operations Dec. 31, 2002                (inception) to Dec. 31, 2005$  |          |            | Year Ended Dec. 31, 2005$  | Year Ended Dec. 31, 2004$  |
|------------------------------------------------------------|---------------------------------------------------------------------------------------------------|---------------|-----------------|---------------------------------|---------------------------------|
|                                                       |                                                                                              |          |            |                            |                            |
| Expenses                                              |                                                                                              |          |            |                            |
|                                                       | Accounting and audit fees                                                                    | 17,270   |            |                            | 11,407                     | 5,863   |
|                                                       | Consulting fees                                                                              | 1,200    |            |                            | 1,200                      | -  |
|                                                       | Depreciation expense                                                                         | 2,527    |            |                            | 567                        | 1,960  |
|                                                       | Incorporation costs                                                                          | 1,015    |            |                            | -                          | 1,015   |
|                                                       | Legal fees                                                                                   | 71,985   |            |                            | 13,632                     | 58,353   |
|                                                       | Licences, and dues                                                                           | 932      |            |                            | 407                        | 525   |
|                                                       | Mineral property costs (Note 3)                                                              | 8,730    |            |                            | 4,250                      | 4,480  |
|                                                       | Office expenses                                                                              | 3,165    |            |                            | 1,984                      | 1,181   |
|                                                       | Telephone and utilities                                                                      | 4,665    |            |                            | 1,871                      | 2,794   |
|                                                       | Transfer and filing fees                                                                     | 2,241    |            |                            | 1,673                      | 568   |
|                                                       | Travel and promotion                                                                         | 8,866    |            |                            | 2,537                      | 6,329   |
|                                                       | 122,596                                                                                      |          |            | 39,528                     | 83,068                     |
|                                                       |                                                                                              |          |            |                            |                            |
| Net Loss                                         | ($122,596)                                                                                   |          |            | ($39,528)                  | ($83,068 )                 |
| Basic net loss per share                              |                                                                                              |          |            | ($0.01)                    | ($0.01)                    |
|                                                       |                                                                                              |          |            |                            |                            |   |   |
| Weighted average number of common shares outstanding  |                                                                                              |          | 7,243,196  | 6,232,998                  |

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**Statement of Stockholders' Equity**

|                                        | Common Stock      |          |                              |                                                                   |
|---------------------------------------------|------------------------|---------------|-----------------------------------|------------------------------------------------------------------------|
|                                        | Number of Shares  | Amount$  | Additional Paid-In Capital$  | Deficit Accumulated During the Exploration                Stage$  | Total$  |
| Issuance for cash at $0.001 per share  | 6,000,000         | 6,000    | -                            | -                                                                 | 6,000   |
| Net loss for the year                  | -                 | -        | -                            | (59,842)                                                          | (59,842)  |
|                                        |                   |          |                              |                                                                   |   |
| Balance December 31, 2003              | 6,000,000         | 6,000    | -                            | (59,842)                                                          | (53,842)  |
|                                        |                   |          |                              |                                                                   |   |
| Issuance for cash at $0.10 per share   | 349,497           | 350      | 34,600                       | -                                                                 | 34,950   |
| Net loss for the year                  | -                 | -        | -                            | (23,226)                                                          | (23,226)  |
|                                        |                   |          |                              |                                                                   |   |
| Balance December 31, 2004              | 6,349,497         | 6,350    | 34,600                       | (83,068)                                                          | (42,118)  |
|                                        |                   |          |                              |                                                                   |   |
| Issuance for cash at $0.10 per share   | 1,400,000         | 1,400    | 138,600                      | -                                                                 | 140,000   |
| Net loss for the year                  | -                 | -        | -                            | (39,528)                                                          | (39,528)  |
|                                        |                   |          |                              |                                                                   |   |
| Balance December 31, 2005              | 7,749,497         | 7,750    | 173,200                      | (122,596)                                                         | 58,354   |

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**Statements of Cash Flows**

|                                               | Cumulative results of operations Dec. 31, 2002                (inception) to Dec. 31, 2005$  | Year Ended Dec 31, 2005$                   | Year Ended Dec 31, 2004$  |
|----------------------------------------------------|---------------------------------------------------------------------------------------------------|-------------------------------------------------|--------------------------------|
| Operating Activities                          |                                                                                              |                                            |                           |   |
|                                               | Net loss                                                                                     |                                            | (122,596)                 | (39,528)  | $ (83,068)  |
|                                               |                                                                                              | Items not representing an outlay of cash:  |                           |   |   |   |
|                                               |                                                                                              | Depreciation Expense                       |                           | 2,527   | 567  | 1,960   |
|                                               |                                                                                              |                                            |                           |   |
| Changes in operating assets and liabilities:  |                                                                                              |                                            |                           |   |
|                                               |                                                                                              | Prepaid expenses                           |                           | (21,250)   | (21,250)  | -   |
|                                               |                                                                                              | Accounts payable and accrued liabilities   |                           | 16,242   | 14,912  | 1,330   |
|                                               |                                                                                              | (125,077)                                  | (45,299)                  | (79,778)  |
| Financing Activities                          |                                                                                              |                                            |                           |   |
|                                               | Notes payable                                                                                |                                            | 26,341                    | (25,000)  | 51,341   |
|                                               | Common stock subscribed                                                                      |                                            | 180,950                   | 140,000   | 40,950   |
|                                               |                                                                                              | 207,291                                    | 115,000                   | 92,291   |
| Investing Activities                          |                                                                                              |                                            |                           |   |
|                                               | Equipment purchases                                                                          |                                            | (6,869)                   | (2,479)  | (4,390)  |
|                                               |                                                                                              |                                            |                           |   |
| Net Increase in Cash                          |                                                                                              | 75,345                                     | 67,222                    | 8,123   |
| Cash and equivalents, beginning of year       |                                                                                              | -                                          | 8,123                     | -   |
| Cash and cash equivalents, end of year        |                                                                                              | $ 75,345                                   | $75,345                   | $8,123   |

| Supplementary disclosure  |   |     |     |     |
|--------------------------------|--------|----------|----------|----------|
| Interest paid             |   | -   | -   | -   |
| Income taxes paid         |   | -   | -   | -   |

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| December 31, 2005  | Cost    | Accumulated Depreciation  | Net Book Value  |
|-------------------------|--------------|--------------------------------|----------------------|
| Office equipment   | $1,658  | $561                      | $1,097          |
| Computer           | 5,211   | 1,966                     | 3,245           |
|                    | $6,869  | $2,527                    | $4,342          |

| December 31, 2004  | Cost    | Accumulated Depreciation  | Net Book Value  |
|-------------------------|--------------|--------------------------------|----------------------|
| Office equipment   | $1,658  | $429                      | $1,229          |
| Computer           | 2,732   | 1,531                     | 1,201           |
|                    |         |                           |                 |

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Officers and Directors

| Full Name and Resident Address                                                          | Age  | Positions                     |
|----------------------------------------------------------------------------------------------|-----------|------------------------------------|
| Jerry Dibble9217 Pavilion PlaceMission, BC V2V 6X6                                      | 62   | President and Director        |
| Phil DerryWindy Edge, Gloster HillAmble,                NorthumberlandEngland NE 650HJ  | 58   | Secretary/Treasurer/Director  |
| Rod Husband,16657 Rosewood PlaceSurrey, BC V4N 1W1                                      | 42   | Director                      |

Background of Officers and Directors

Mr. Jerry Dibble      has been our President      and member of our board of directors since the inception of our business. Mr.      Dibble has devoted approximately 50% of his professional time to our business      and intends to continue to devote this amount of time in the future:

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Indemnification

| Name and Address of Beneficial Owner                                                    | Number of Shares Outstanding  | Percentage of Ownership  |
|----------------------------------------------------------------------------------------------|------------------------------------|-------------------------------|
| Jerry Dibble9217 Pavilion PlaceMission, BC V2V 6X6                                      | 3,002,000                     | 38.74%                   |
| Phil DerryWindy Edge, Gloster HillAmble,                NorthumberlandEngland NE 650HJ  | 3,002,000                     | 38.74%                   |
| Rod Husband16657 Rosewood PlaceSurrey, BC V4N 1W1                                       | nil                           | Nil                      |
| All Officers and Directors, as a Group (3 persons)                                      | 6,004,000                     | 77.48%                   |

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| Exhibit No.  | Document Description                           |
|-------------------|-----------------------------------------------------|
| 3.1*         | Articles of Association                        |
| 3.2*         | Bylaws                                         |
| 4.1*         | Specimen Stock Certificate                     |
| 4.2*         | Promissory Note to Jerry Dibble for $8,483.50  |
| 4.3          | Promissory Note to Phil Derry for $17,857.23   |
| 10.1         | Hart 1 and Kerry Claims Letter of Trust        |
| 31.1         | Rule 13a-14(a)/15d-14(a) Certifications        |
| 32.1         | Section 1350 Certifications                    |

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|   | CAPITAL MINERAL INVESTORS, INC.(Registrant) BY:  /s/ *Jerry Dibble*Jerry                DibblePresident and a member of the Board of Directors(who also                performs the function of principal Chief Executive Officer)  |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| /s/ Jerry DibbleJerry DibblePresident and a member of the                Board of Directors(who also performs the function of Principal Chief                Executive Officer)April 24, 2006                          |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| /s/ Phil DerryPhil DerrySecretary and a member of the Board                of Directors (who also performs the function of Principal Financial                Officer and Principal Accounting Officer)April 24, 2006  |