|      |
|-----------|
| FORM 10-K |
|      |

|   |                                                                                                                                               |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------|
| x      | ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED JUNE 30, 2012 OR                          |
|   |                                                                                                                                               |
| o      | TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM ______________ TO ______________ |

|                                                 |
|------------------------------------------------------|
| Apolo Gold & Energy Inc.                         |
| (Exact name of small business issuer in its charter) |

|                           |   |                               |
|--------------------------------|--------|------------------------------------|
| Nevada                         |   | 98-0412805                         |
| State or other jurisdiction of |   | I.R.S. Employer Identification No. |
| incorporation or organization  |   |                               |

|                                     |   |       |
|------------------------------------------|--------|------------|
| #12-1900 Indian River  Cr      |   |       |
| North Vancouver, British Columbia        |   | V7G 2R1    |
| (Address of principal executive offices) |   | (Zip Code) |

|                                                                 |
|----------------------------------------------------------------------|
| Securities Registered Under Section 12(g) of the Exchange Act:  |
| Common Stock, 0.001 par value                                        |
| (Title of class)                                                     |

----

| Large accelerated filer  o                                       |  Accelerated filer o         |
|-----------------------------------------------------------------------|-----------------------------------|
| Non-accelerated filer (Do not check if a smaller reporting company) o |  Smaller reporting company x |

----

----

|           |     |   |    |   |   |   |
|----------------|----------|--------|---------|--------|--------|--------|
| Quarter Ended  | High Bid |   | Low Bid |   |
|           |     |   |    |   |
| Sept 30, 2011  |     | $      | 0.20    |   |   | $      | 0.10 |   |
| Dec 31, 2011   |     | $      | 0.15    |   |   | $      | 0.09 |   |
| March 31, 2012 |     | $      | 0.58    |   |   | $      | 0.10 |   |
| June 30, 2012  |     | $      | 0.20    |   |   | $      | 0.14 |   |

----

----

----

| I. Vellmer Inc.       |   |                                  |
|-----------------------|--------|---------------------------------------|
| Chartered Accountant* |   |                                  |
|                  |   |                                  | 721 – 602 W. Hastings Street |
|                  |   |                                  | Vancouver, B.C., V6B 1P2 |
|                  |   |                                  |   |
|                  |   | Tel:                                  | 604-687-3773 |
|                  |   | Fax:                                  | 604-687-3778 |
|                  |   |                                  | E-mail: | vellmer@i-vellmer.ca |
|                  |   | *denotes an incorporated professional |

| Vancouver, CanadaSeptember 27, 2012 | /s/ I Vellmer Inc.Chartered Accountant |
|-------------------------------------|----------------------------------------|

----

|                                                     |   | June 30, |       |   | June 30, |   |
|----------------------------------------------------------|--------|----------|------------|--------|----------|--------|
| ASSETS                                                   |   | 2012     |       |   | 2011     |   |
| CURRENT ASSETS                                           |   |     |       |   |     |   |
| Cash and cash equivalents                                |   | $        | 314        |   |     | $      | 425 |   |
|                                                     |   |     |       |   |     |   |   |   |
| TOTAL ASSETS                                             |   | $        | 314        |   |     | $      | 425 |   |
|                                                     |   |     |       |   |     |   |   |   |
| LIABILITIES & STOCKHOLDERS' DEFICIT                  |   |     |       |   |     |   |   |   |
| CURRENT LIABILITIES                                      |   |     |       |   |     |   |   |   |
| Accounts payable and accrued liabilities                 |   | $        | 20,969     |   |     | $      | 30,711 |   |
| Loans payable, related parties (Note 3)                  |   |     | 59,629     |   |     |   | 14,087 |   |
| TOTAL LIABILITIES                                        |   |     | 80,598     |   |     |   | 44,798 |   |
|                                                     |   |     |       |   |     |   |   |   |
| COMMITMENTS AND CONTINGENCIES (Note 6)                   |   |     | -          |   |     |   | - |   |
|                                                     |   |     |       |   |     |   |   |   |
| STOCKHOLDERS' DEFICIT                                    |   |     |       |   |     |   |   |   |
| Common stock, 300,000,000 shares authorized, $0.001      |   |     |       |   |     |   |   |   |
| par value; 6,503,295 and 6,503,295 shares                |   |     |       |   |     |   |   |   |
| issued and outstanding, respectively  (Note 5) |   |     | 6,503      |   |     |   | 6,503 |   |
| Additional paid-in capital                               |   |     | 7,558,884  |   |     |   | 7,558,884 |   |
| Accumulated deficit prior to exploration stage           |   |     | (1,862,852 | )      |     |   | (1,862,852 | ) |
| Deficit accumulated during exploration stage             |   |     | (5,782,819 | )      |     |   | (5,746,907 | ) |
|                                                     |   |     |       |   |     |   |   |   |
| TOTAL STOCKHOLDERS' DEFICIT                              |   |     | (80,284    | )      |     |   | (44,372 | ) |
|                                                     |   |     |       |   |     |   |   |   |
| TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT              |   | $        | 314        |   |     | $      | 425 |   |

----

|                                                |   |       |      |   |       |   |      | Period from        |   |
|-----------------------------------------------------|--------|------------|-----------|--------|------------|--------|-----------|--------------------|--------|
|                                                |   |       |      |   |       |   |      | April 16, 2002     |   |
|                                                |   |       |      |   |       |   |      | (Inception of      |   |
|                                                |   | Year Ended |      |   | Year Ended |   |      | Exploration Stage) |   |
|                                                |   | June 30,   |      |   | June 30,   |   |      | Through            |   |
|                                                |   | 2012       |      |   | 2011       |   |      | June 30, 2012      |   |
|                                                |   |       |      |   |       |   |      |               |   |
| REVENUES                                            |   | $          | -         |   |       | $      | -         |               |   | $ | - |   |
|                                                |   |       |      |   |       |   |      |               |   |   |   |   |
|                                                |   |       |      |   |       |   |      |               |   |   |   |   |
| EXPENSES                                            |   |       |      |   |       |   |      |               |   |   |   |   |
| Consulting and professional fees                    |   |       | 25,071    |   |       |   | 43,760    |               |   |   | 1,894,043 |   |
| Exploration costs                                   |   |       | -         |   |       |   | -         |               |   |   | 2,449,248 |   |
| Stock compensation expense                          |   |       | -         |   |       |   | -         |               |   |   | 381,340 |   |
| General and administrative expenses                 |   |       | 10,841    |   |       |   | 16,183    |               |   |   | 1,024,623 |   |
| TOTAL EXPENSES                                      |   |       | 35,912    |   |       |   | 59,943    |               |   |   | 5,749,254 |   |
|                                                |   |       |      |   |       |   |      |               |   |   |   |   |
| LOSS FROM OPERATIONS                                |   |       | (35,912   | )      |       |   | (59,943   | )                  |   |   | (5,749,254 | ) |
|                                                |   |       |      |   |       |   |      |               |   |   |   |   |
| OTHER INCOME (EXPENSE)                              |   |       |      |   |       |   |      |               |   |   |   |   |
| Loss on sale of mining equipment                    |   |       | -         |   |       |   | -         |               |   |   | (177,193 | ) |
| Gain on settlement of debt                          |   |       | -         |   |       |   | -         |               |   |   | 142,442 |   |
| Other income                                        |   |       | -         |   |       |   | -         |               |   |   | 1,186 |   |
|                                                |   |       | -         |   |       |   | -         |               |   |   | (33,565 | ) |
|                                                |   |       |      |   |       |   |      |               |   |   |   |   |
|                                                |   |       |      |   |       |   |      |               |   |   |   |   |
| LOSS BEFORE INCOME TAXES                            |   |       | (35,912   | )      |       |   | (59,943   | )                  |   |   | (5,782,819 | ) |
|                                                |   |       |      |   |       |   |      |               |   |   |   |   |
| INCOME TAXES                                        |   |       | -         |   |       |   | -         |               |   |   | - |   |
|                                                |   |       |      |   |       |   |      |               |   |   |   |   |
| NET LOSS AND COMPREHENSIVE LOSS                     |   | $          | (35,912   | )      |       | $      | (59,943   | )                  |   | $ | (5,782,819 | ) |
|                                                |   |       |      |   |       |   |      |               |   |   |   |   |
|                                                |   |       |      |   |       |   |      |               |   |   |   |   |
| NET LOSS PER SHARE, BASIC AND DILUTED:              |   | $          | (0.01     | )      |       | $      | (0.01     | )                  |   |   |   |   |
|                                                |   |       |      |   |       |   |      |               |   |   |   |   |
| WEIGHTED AVERAGE NUMBER OF                          |   |       |      |   |       |   |      |               |   |   |   |   |
| COMMON STOCK SHARES OUTSTANDING, BASIC AND DILUTED: |   |       | 6,503,295 |   |       |   | 5,721,841 |               |   |   |   |   |

----

|                                                 |   |       |    |    |               |   |    | Period from    |   |
|------------------------------------------------------|--------|------------|---------|---------|--------------------|--------|---------|----------------|--------|
|                                                 |   |       |    |    |               |   |    | April 16, 2002 |   |
|                                                 |   |       |    |    |               |   |    | (Inception of  |   |
|                                                 |   | Year Ended |    |    | Exploration Stage) |   |
|                                                 |   | June 30,   |    |    | Through            |   |
|                                                 |   | 2012       |    |    | 2011               |   |    | June 30, 2012  |   |
|                                                 |   |       |    |    |               |   |    |           |   |
| CASH FLOWS FROM OPERATING ACTIVITIES:                |   |       |    |    |               |   |    |
| Net loss                                             |   | $          | (35,912 | )  |               | $      | (59,943 | )         |   | $ | (5,782,819 | )  |
| Adjustments to reconcile net loss                    |   |       |    |    |               |   |    |           |   |   |   |   |
| to net cash used by operating activities:            |   |       |    |    |               |   |    |           |   |   |   |   |
| Depreciation                                         |   |       | -       |    |               |   | -       |           |   |   | 95,176 |   |
| Loss on sale of mining equipment                     |   |       | -       |    |               |   | -       |           |   |   | 177,193 |   |
| Options exercised for services                       |   |       | -       |    |               |   | -       |           |   |   | 276,691 |   |
| Gain on settlement of debt                           |   |       | -       |    |               |   | -       |           |   |   | (142,442 | ) |
| Stock issued for current debt                        |   |       | -       |    |               |   | -       |           |   |   | 470,041 |   |
| Stock issued for officer's wages and services        |   |       | -       |    |               |   | -       |           |   |   | 252,700 |   |
| Stock issued for professional services               |   |       | -       |    |               |   | -       |           |   |   | 272,060 |   |
| Stock issued for exploration costs                   |   |       | -       |    |               |   | -       |           |   |   | 711,000 |   |
| Stock options granted                                |   |       | -       |    |               |   | -       |           |   |   | 381,340 |   |
| Expenses paid on behalf of Company                   |   |       | -       |    |               |   | -       |           |   |   | 42,610 |   |
| (Decrease) increase in:                              |   |       |    |    |               |   |    |           |   |   |   |   |
| Accounts payable                                     |   |       | (9,741  | )       |               |   | 7,674   |           |   |   | 263,451 |   |
| Accrued expenses                                     |   |       | -       |    |               |   | -       |           |   |   | (5,807 | ) |
| Accrued payables, related parties                    |   |       | -       |    |               |   | -       |           |   |   | 387,663 |   |
| Net cash (used) by operating activities              |   |       | (45,654 | )       |               |   | (52,269 | )              |   |   | (2,601,144 | ) |
|                                                 |   |       |    |    |               |   |    |           |   |   |   |   |
| CASH FLOWS FROM INVESTING ACTIVITIES:                |   |       |    |    |               |   |    |           |   |   |   |   |
| Purchase of fixed assets                             |   |       | -       |    |               |   | -       |           |   |   | (95,174 | ) |
|                                                 |   |       |    |    |               |   |    |           |   |   |   |   |
| CASH FLOWS FROM FINANCING ACTIVITIES:                |   |       |    |    |               |   |    |           |   |   |   |   |
| Net proceeds from related party loans                |   |       | 45,542  |    |               |   | 52,260  |           |   |   | 187,363 |   |
| Proceeds from borrowings                             |   |       | -       |    |               |   | -       |           |   |   | 84,937 |   |
| Proceed from subscription receivable                 |   |       | -       |    |               |   | -       |           |   |   | 25,000 |   |
| Proceeds from sale of common stock                   |   |       | -       |    |               |   | -       |           |   |   | 2,397,835 |   |
| Net cash provided  by financing activities |   |       | 45,542  |    |               |   | 52,260  |           |   |   | 2,695,135 |   |
|                                                 |   |       |    |    |               |   |    |           |   |   |   |   |
|                                                 |   |       |    |    |               |   |    |           |   |   |   |   |
| NET INCREASE (DECREASE) IN CASH                      |   |       | (112    | )       |               |   | (9      | )              |   |   | (1,183 | ) |
|                                                 |   |       |    |    |               |   |    |           |   |   |   |   |
| Cash, beginning of year                              |   |       | 425     |    |               |   | 434     |           |   |   | 1,496 |   |
|                                                 |   |       |    |    |               |   |    |           |   |   |   |   |
| Cash, end of year                                    |   | $          | 313     |    |               | $      | 425     |           |   | $ | 313 |   |
|                                                 |   |       |    |    |               |   |    |           |   |   |   |   |
|                                                 |   |       |    |    |               |   |    |           |   |   |   |   |
| SUPPLEMENTAL CASH FLOWS INFORMATION                  |   |       |    |    |               |   |    |           |   |
| Income taxes paid                                    |   | $          | -       |    |               | $      | -       |           |   | $ | - |   |
| Interest paid                                        |   | $          | -       |    |               | $      | -       |           |   | $ | - |   |
|                                                 |   |       |    |    |               |   |    |           |   |   |   |   |
| NON-CASH INVESTING AND FINANCING ACTIVITIES:         |   |       |    |    |               |   |    |           |   |
|                                                 |   |       |    |    |               |   |    |           |   |   |   |   |
| Note receivable from sale of mining equipment        |   | $          | -       |    |               | $      | -       |           |   | $ | 45,000 |   |
| Common stock issued on settlement of debt (Note 5)   |   | $          | -       |    |               | $      | 162,059 |           |   | $ | 529,559 |   |

----

|                                                                          |   |         |      |   |       |   |   |    |   |   |          |   |   |           |    |   |        |   |       |          |   |   |      |   |
|-------------------------------------------------------------------------------|--------|--------------|-----------|--------|------------|--------|--------|---------|--------|--------|---------------|--------|--------|----------------|---------|--------|-------------|--------|------------|---------------|--------|--------|-----------|--------|
|                                                                          |   |         |      |   |       |   |   |    |   |   |          |   |   | Accumulated    |    |   | Accumulated |   |       | Accumulated   |   |   | Total     |   |
|                                                                          |   | Common Stock |      |   | Additional |   |   |    |   |   | Deficit Prior |   |   | Deficit During |    |   | Other       |   |       | Stockholders' |   |
|                                                                          |   | Number       |      |   |       |   |   | Paid-in |   |   | Subscriptions |   |   | to Exploration |    |   | Exploration |   |       | Comprehensive |   |   | Equity    |   |
|                                                                          |   | of Shares    |      |   | Amount     |   |   | Capital |   |   | Receivable    |   |   | Stage          |    |   | Stage       |   |       | Income        |   |   | (Deficit) |   |
|                                                                          |   |         |      |   |       |   |   |    |   |   |          |   |   |           |    |   |        |   |       |          |   |   |      |   |
|                                                                          |   |         |      |   |       |   |   |    |   |   |          |   |   |           |    |   |        |   |       |          |   |   |      |   |
| Balance, June 30, 2001                                                        |   |         | 932,729   |   |       | $      | 933    |    |   | $      | 1,283,003     |   |   | $              | -       |   |        | $      | (1,634,303 | )             |   | $      | -         |   |   | $ | - |   |   | $ | (350,367 | ) |
|                                                                          |   |         |      |   |       |   |   |    |   |   |          |   |   |           |    |   |        |   |       |          |   |   |      |   |   |   |   |   |   |   |   |   |
| Issuance of common stock for services at an average of $0.05 per share        |   |         | 115,000   |   |       |   | 115    |    |   |   | 114,885       |   |   |           | -       |   |        |   | -          |          |   |   | -         |   |   |   | - |   |   |   | 115,000 |   |
|                                                                          |   |         |      |   |       |   |   |    |   |   |          |   |   |           |    |   |        |   |       |          |   |   |      |   |   |   |   |   |   |   |   |   |
| Cancellation of stock used as payment for debt                                |   |         | (150,000  | )      |       |   | (150   | )       |   |   | (34,850       | )      |   |           | -       |   |        |   | -          |          |   |   | -         |   |   |   | - |   |   |   | (35,000 | ) |
|                                                                          |   |         |      |   |       |   |   |    |   |   |          |   |   |           |    |   |        |   |       |          |   |   |      |   |   |   |   |   |   |   |   |   |
| Options exercised as payment for services at $1.00 per share                  |   |         | 35,000    |   |       |   | 35     |    |   |   | 34,965        |   |   |           | -       |   |        |   | -          |          |   |   | -         |   |   |   | - |   |   |   | 35,000 |   |
|                                                                          |   |         |      |   |       |   |   |    |   |   |          |   |   |           |    |   |        |   |       |          |   |   |      |   |   |   |   |   |   |   |   |   |
| Issuance of common stock for debt retirement at $3.00 per share               |   |         | 221,064   |   |       |   | 221    |    |   |   | 662,972       |   |   |           | -       |   |        |   | -          |          |   |   | -         |   |   |   | - |   |   |   | 663,193 |   |
|                                                                          |   |         |      |   |       |   |   |    |   |   |          |   |   |           |    |   |        |   |       |          |   |   |      |   |   |   |   |   |   |   |   |   |
| Issuance of stock for mining rights                                           |   |         | 150,000   |   |       |   | 150    |    |   |   | 329,850       |   |   |           | -       |   |        |   | -          |          |   |   | -         |   |   |   | - |   |   |   | 330,000 |   |
|                                                                          |   |         |      |   |       |   |   |    |   |   |          |   |   |           |    |   |        |   |       |          |   |   |      |   |   |   |   |   |   |   |   |   |
| Options exercised at $1.40 per common share                                   |   |         | 100,000   |   |       |   | 100    |    |   |   | 139,900       |   |   |           | (70,000 | )      |        |   | -          |          |   |   | -         |   |   |   | - |   |   |   | 70,000 |   |
|                                                                          |   |         |      |   |       |   |   |    |   |   |          |   |   |           |    |   |        |   |       |          |   |   |      |   |   |   |   |   |   |   |   |   |
| Options exercised as payment for services at $2.20 per common share           |   |         | 1,000     |   |       |   | 1      |    |   |   | 2,199         |   |   |           | -       |   |        |   | -          |          |   |   | -         |   |   |   | - |   |   |   | 2,200 |   |
|                                                                          |   |         |      |   |       |   |   |    |   |   |          |   |   |           |    |   |        |   |       |          |   |   |      |   |   |   |   |   |   |   |   |   |
| Net loss for the year ended June 30, 2002                                     |   |         | -         |   |       |   | -      |    |   |   | -             |   |   |           | -       |   |        |   | (228,549   | )             |   |   | (575,370  | )      |   |   | - |   |   |   | (803,919 | ) |
| Balance, June 30, 2002                                                        |   |         | 1,404,793 |   |       |   | 1,405  |    |   |   | 2,532,924     |   |   |           | (70,000 | )      |        |   | (1,862,852 | )             |   |   | (575,370  | )      |   |   | - |   |   |   | 26,107 |   |
|                                                                          |   |         |      |   |       |   |   |    |   |   |          |   |   |           |    |   |        |   |       |          |   |   |      |   |   |   |   |   |   |   |   |   |
| Options exercised as payment for services at $1.80 per common share           |   |         | 25,000    |   |       |   | 25     |    |   |   | 44,975        |   |   |           | -       |   |        |   | -          |          |   |   | -         |   |   |   | - |   |   |   | 45,000 |   |
|                                                                          |   |         |      |   |       |   |   |    |   |   |          |   |   |           |    |   |        |   |       |          |   |   |      |   |   |   |   |   |   |   |   |   |
| Subscriptions received                                                        |   |         | -         |   |       |   | -      |    |   |   | -             |   |   |           | 70,000  |   |        |   | -          |          |   |   | -         |   |   |   | - |   |   |   | 70,000 |   |
|                                                                          |   |         |      |   |       |   |   |    |   |   |          |   |   |           |    |   |        |   |       |          |   |   |      |   |   |   |   |   |   |   |   |   |
| Options exercised as payment for services at $1.00 per common share           |   |         | 65,000    |   |       |   | 65     |    |   |   | 68,935        |   |   |           | -       |   |        |   | -          |          |   |   | -         |   |   |   | - |   |   |   | 69,000 |   |
|                                                                          |   |         |      |   |       |   |   |    |   |   |          |   |   |           |    |   |        |   |       |          |   |   |      |   |   |   |   |   |   |   |   |   |
| Options exercised for cash of $150,000 and services at $1.20 per common share |   |         | 170,000   |   |       |   | 170    |    |   |   | 204,830       |   |   |           | -       |   |        |   | -          |          |   |   | -         |   |   |   | - |   |   |   | 205,000 |   |
|                                                                          |   |         |      |   |       |   |   |    |   |   |          |   |   |           |    |   |        |   |       |          |   |   |      |   |   |   |   |   |   |   |   |   |
| Options exercised as payment of legal services at $0.80 per common share      |   |         | 1,950     |   |       |   | 2      |    |   |   | 1,558         |   |   |           | -       |   |        |   | -          |          |   |   | -         |   |   |   | - |   |   |   | 1,560 |   |
| Balance Forward                                                               |   |         | 1,666,743 |   |       | $      | 1,667  |    |   | $      | 2,853,222     |   |   | $              | -       |   |        | $      | (1,862,852 | )             |   | $      | (575,370  | )      |   | $ | - |   |   | $ | 416,667 |   |

----

|                                                                |   |         |      |   |       |   |   |    |   |          |          |   |           |           |    |   |        |   |          |          |   |   |       |   |
|---------------------------------------------------------------------|--------|--------------|-----------|--------|------------|--------|--------|---------|--------|---------------|---------------|--------|----------------|----------------|---------|--------|-------------|--------|---------------|---------------|--------|--------|------------|--------|
|                                                                |   |         |      |   |       |   |   |    |   |          |          |   |           | Accumulated    |    |   | Accumulated |   |          | Accumulated   |   |   | Total      |   |
|                                                                |   | Common Stock |      |   | Additional |   |   |    |   | Deficit Prior |          |   | Deficit During |           |    | Other  |        |   | Stockholders' |          |
|                                                                |   | Number       |      |   |       |   |   | Paid-in |   |          | Subscriptions |   |           | to Exploration |    |   | Exploration |   |          | Comprehensive |   |   | Equity     |   |
|                                                                |   | of Shares    |      |   | Amount     |   |   | Capital |   |          | Receivable    |   |           | Stage          |    |   | Stage       |   |          | Income        |   |   | (Deficit)  |   |
|                                                                |   |         |      |   |       |   |   |    |   |          |          |   |           |           |    |   |        |   |          |          |   |   |       |   |
| Balance Forward                                                     |   |         | 1,666,743 |   |       | $      | 1,667  |    |   | $             | 2,853,222     |   |           | $              | -       |   |        | $      | (1,862,852    | )             |   | $      | (575,370   | )      |   | $ | - |   |   | $ | 416,667 |   |
|                                                                |   |         |      |   |       |   |   |    |   |          |          |   |           |           |    |   |        |   |          |          |   |   |       |   |   |   |   |   |   |   |   |   |
| Issuance of stock for services at $1.60 per share                   |   |         | 30,000    |   |       |   | 30     |    |   |          | 47,970        |   |           |           | -       |   |        |   | -             |          |   |   | -          |   |   |   | - |   |   |   | 48,000 |   |
|                                                                |   |         |      |   |       |   |   |    |   |          |          |   |           |           |    |   |        |   |          |          |   |   |       |   |   |   |   |   |   |   |   |   |
| Issuance of stock for debt at $1.20 per common share                |   |         | 117,431   |   |       |   | 117    |    |   |          | 140,799       |   |           |           | -       |   |        |   | -             |          |   |   | -          |   |   |   | - |   |   |   | 140,916 |   |
|                                                                |   |         |      |   |       |   |   |    |   |          |          |   |           |           |    |   |        |   |          |          |   |   |       |   |   |   |   |   |   |   |   |   |
| Options exercised for cash at$0.90 per common share                 |   |         | 55,556    |   |       |   | 56     |    |   |          | 49,944        |   |           |           | -       |   |        |   | -             |          |   |   | -          |   |   |   | - |   |   |   | 50,000 |   |
|                                                                |   |         |      |   |       |   |   |    |   |          |          |   |           |           |    |   |        |   |          |          |   |   |       |   |   |   |   |   |   |   |   |   |
| Options exercised at $1.00 per share for subscription receivable    |   |         | 25,000    |   |       |   | 25     |    |   |          | 24,975        |   |           |           | (25,000 | )      |        |   | -             |          |   |   | -          |   |   |   | - |   |   |   | - |   |
|                                                                |   |         |      |   |       |   |   |    |   |          |          |   |           |           |    |   |        |   |          |          |   |   |       |   |   |   |   |   |   |   |   |   |
| Options exercised as payment for services at $1.00 per share        |   |         | 20,000    |   |       |   | 20     |    |   |          | 19,980        |   |           |           | -       |   |        |   | -             |          |   |   | -          |   |   |   | - |   |   |   | 20,000 |   |
|                                                                |   |         |      |   |       |   |   |    |   |          |          |   |           |           |    |   |        |   |          |          |   |   |       |   |   |   |   |   |   |   |   |   |
| Net loss for the year ended June 30, 2003                           |   |         | -         |   |       |   | -      |    |   |          | -             |   |           |           | -       |   |        |   | -             |          |   |   | (730,997   | )      |   |   | - |   |   |   | (730,997 | ) |
|                                                                |   |         |      |   |       |   |   |    |   |          |          |   |           |           |    |   |        |   |          |          |   |   |       |   |   |   |   |   |   |   |   |   |
| Foreign currency translation gain                                   |   |         | -         |   |       |   | -      |    |   |          | -             |   |           |           | -       |   |        |   | -             |          |   |   | -          |   |   |   | 682 |   |   |   | 682 |   |
| Balance, June 30, 2003                                              |   |         | 1,914,729 |   |       |   | 1,915  |    |   |          | 3,136,890     |   |           |           | (25,000 | )      |        |   | (1,862,852    | )             |   |   | (1,306,367 | )      |   |   | 682 |   |   |   | (54,732 | ) |
|                                                                |   |         |      |   |       |   |   |    |   |          |          |   |           |           |    |   |        |   |          |          |   |   |       |   |   |   |   |   |   |   |   |   |
| Options exercised as payment for services at $1.00 per common share |   |         | 26,250    |   |       |   | 26     |    |   |          | 27,374        |   |           |           | -       |   |        |   | -             |          |   |   | -          |   |   |   | - |   |   |   | 27,400 |   |
|                                                                |   |         |      |   |       |   |   |    |   |          |          |   |           |           |    |   |        |   |          |          |   |   |       |   |   |   |   |   |   |   |   |   |
| Stock subscription paid                                             |   |         | -         |   |       |   | -      |    |   |          | -             |   |           |           | 25,000  |   |        |   | -             |          |   |   | -          |   |   |   | - |   |   |   | 25,000 |   |
|                                                                |   |         |      |   |       |   |   |    |   |          |          |   |           |           |    |   |        |   |          |          |   |   |       |   |   |   |   |   |   |   |   |   |
| Options exercised at $1.20 per share                                |   |         | 556,250   |   |       |   | 556    |    |   |          | 706,944       |   |           |           | -       |   |        |   | -             |          |   |   | -          |   |   |   | - |   |   |   | 707,500 |   |
|                                                                |   |         |      |   |       |   |   |    |   |          |          |   |           |           |    |   |        |   |          |          |   |   |       |   |   |   |   |   |   |   |   |   |
| Issuance of stock for services at $4.00 per share                   |   |         | 1,250     |   |       |   | 1      |    |   |          | 4,999         |   |           |           | -       |   |        |   | -             |          |   |   | -          |   |   |   | - |   |   |   | 5,000 |   |
|                                                                |   |         |      |   |       |   |   |    |   |          |          |   |           |           |    |   |        |   |          |          |   |   |       |   |   |   |   |   |   |   |   |   |
| Issuance of stock for property acquisition at $3.20 per share       |   |         | 50,000    |   |       |   | 50     |    |   |          | 159,950       |   |           |           | -       |   |        |   | -             |          |   |   | -          |   |   |   | - |   |   |   | 160,000 |   |
|                                                                |   |         |      |   |       |   |   |    |   |          |          |   |           |           |    |   |        |   |          |          |   |   |       |   |   |   |   |   |   |   |   |   |
| Stock issued for cash  at $6.00 per share                 |   |         | 50,000    |   |       |   | 50     |    |   |          | 299,950       |   |           |           | -       |   |        |   | -             |          |   |   | -          |   |   |   | - |   |   |   | 300,000 |   |
|                                                                |   |         |      |   |       |   |   |    |   |          |          |   |           |           |    |   |        |   |          |          |   |   |       |   |   |   |   |   |   |   |   |   |
| Net loss for the year ended June 30, 2004                           |   |         | -         |   |       |   | -      |    |   |          | -             |   |           |           | -       |   |        |   | -             |          |   |   | (788,700   | )      |   |   | - |   |   |   | (788,700 | ) |
|                                                                |   |         |      |   |       |   |   |    |   |          |          |   |           |           |    |   |        |   |          |          |   |   |       |   |   |   |   |   |   |   |   |   |
| Foreign currency translation gain (loss)                            |   |         | -         |   |       |   | -      |    |   |          | -             |   |           |           | -       |   |        |   | -             |          |   |   | -          |   |   |   | (682 | ) |   |   | (682 | ) |
| Balance, June 30, 2004                                              |   |         | 2,598,479 |   |       |   | 2,598  |    |   |          | 4,336,107     |   |           |           | -       |   |        |   | (1,862,852    | )             |   |   | (2,095,067 | )      |   |   | - |   |   |   | 380,786 |   |
|                                                                |   |         |      |   |       |   |   |    |   |          |          |   |           |           |    |   |        |   |          |          |   |   |       |   |   |   |   |   |   |   |   |   |
| Options exercised at an average of $2.20 per share                  |   |         | 42,950    |   |       |   | 43     |    |   |          | 90,948        |   |           |           | -       |   |        |   | -             |          |   |   | -          |   |   |   | - |   |   |   | 90,991 |   |
|                                                                |   |         |      |   |       |   |   |    |   |          |          |   |           |           |    |   |        |   |          |          |   |   |       |   |   |   |   |   |   |   |   |   |
| Issuance of stock for debt at $1.40 per share                       |   |         | 54,404    |   |       |   | 54     |    |   |          | 80,279        |   |           |           | -       |   |        |   | -             |          |   |   | -          |   |   |   | - |   |   |   | 80,333 |   |
|                                                                |   |         |      |   |       |   |   |    |   |          |          |   |           |           |    |   |        |   |          |          |   |   |       |   |   |   |   |   |   |   |   |   |
| Issuance of stock for property acquisition at $1.80 per share       |   |         | 75,000    |   |       |   | 75     |    |   |          | 134,925       |   |           |           | -       |   |        |   | -             |          |   |   | -          |   |   |   | - |   |   |   | 135,000 |   |
|                                                                |   |         |      |   |       |   |   |    |   |          |          |   |           |           |    |   |        |   |          |          |   |   |       |   |   |   |   |   |   |   |   |   |
| Issuance of stock for services at $1.80 per share                   |   |         | 7,500     |   |       |   | 8      |    |   |          | 13,492        |   |           |           | -       |   |        |   | -             |          |   |   | -          |   |   |   | - |   |   |   | 13,500 |   |
|                                                                |   |         |      |   |       |   |   |    |   |          |          |   |           |           |    |   |        |   |          |          |   |   |       |   |   |   |   |   |   |   |   |   |
| Issuance of stock for services at $4.00 per share                   |   |         | 2,500     |   |       |   | 3      |    |   |          | 9,997         |   |           |           | -       |   |        |   | -             |          |   |   | -          |   |   |   | - |   |   |   | 10,000 |   |
|                                                                |   |         |      |   |       |   |   |    |   |          |          |   |           |           |    |   |        |   |          |          |   |   |       |   |   |   |   |   |   |   |   |   |
| Options exercised as payment for services at $1.60 per share        |   |         | 85,494    |   |       |   | 85     |    |   |          | 135,205       |   |           |           | -       |   |        |   | -             |          |   |   | -          |   |   |   | - |   |   |   | 135,290 |   |
|                                                                |   |         |      |   |       |   |   |    |   |          |          |   |           |           |    |   |        |   |          |          |   |   |       |   |   |   |   |   |   |   |   |   |
| Net loss for the year ended June 30, 2005                           |   |         | -         |   |       |   | -      |    |   |          | -             |   |           |           | -       |   |        |   | -             |          |   |   | (1,018,390 | )      |   |   | - |   |   |   | (1,018,390 | ) |
| Balance, June 30, 2005                                              |   |         | 2,866,328 |   |       | $      | 2,866  |    |   | $             | 4,800,953     |   |           | $              | -       |   |        | $      | (1,862,852    | )             |   | $      | (3,113,457 | )      |   | $ | - |   |   | $ | (172,490 | ) |

----

|                                                                           |   |         |      |   |       |   |   |          |   |   |           |   |   |        |       |   |          |   |       |      |   |
|--------------------------------------------------------------------------------|--------|--------------|-----------|--------|------------|--------|--------|---------------|--------|--------|----------------|--------|--------|-------------|------------|--------|---------------|--------|------------|-----------|--------|
|                                                                           |   |         |      |   |       |   |   |          |   |   | Accumulated    |   |   | Accumulated |       |   | Accumulated   |   |       | Total     |   |
|                                                                           |   | Common Stock |      |   | Additional |   |   | Deficit Prior |   |   | Deficit During |   |   | Other       |       |   | Stockholders' |   |
|                                                                           |   | Number       |      |   |       |   |   | Paid-in       |   |   | to Exploration |   |   | Exploration |       |   | Comprehensive |   |       | Equity    |   |
|                                                                           |   | of Shares    |      |   | Amount     |   |   | Capital       |   |   | Stage          |   |   | Stage       |       |   | Income        |   |       | (Deficit) |   |
|                                                                           |   |         |      |   |       |   |   |          |   |   |           |   |   |        |       |   |          |   |       |      |   |
| Balance Forward - June 30, 2005                                                |   |         | 2,866,328 |   |       | $      | 2,866  |          |   | $      | 4,800,953      |   |   | $           | (1,862,852 | )      |          | $      | (3,113,457 | )         |   | $ | - |   |   | $ | (172,490 | ) |
|                                                                           |   |         |      |   |       |   |   |          |   |   |           |   |   |        |       |   |          |   |       |      |   |   |   |   |   |   |   |   |
| Issuance of stock for services at $1.20 per share                              |   |         | 90,250    |   |       |   | 90     |          |   |   | 118,410        |   |   |        | -          |   |          |   | -          |      |   |   | - |   |   |   | 118,500 |   |
|                                                                           |   |         |      |   |       |   |   |          |   |   |           |   |   |        |       |   |          |   |       |      |   |   |   |   |   |   |   |   |
| Issuance of stock for property acquisition at $3.20 per share                  |   |         | 55,000    |   |       |   | 55     |          |   |   | 65,945         |   |   |        | -          |   |          |   | -          |      |   |   | - |   |   |   | 66,000 |   |
|                                                                           |   |         |      |   |       |   |   |          |   |   |           |   |   |        |       |   |          |   |       |      |   |   |   |   |   |   |   |   |
| Options exercised for cash at $1.40 per common share                           |   |         | 50,000    |   |       |   | 50     |          |   |   | 69,950         |   |   |        | -          |   |          |   | -          |      |   |   | - |   |   |   | 70,000 |   |
|                                                                           |   |         |      |   |       |   |   |          |   |   |           |   |   |        |       |   |          |   |       |      |   |   |   |   |   |   |   |   |
| Options exercised as payment for services from $1.40 to $2.00 per common share |   |         | 65,000    |   |       |   | 65     |          |   |   | 113,935        |   |   |        | -          |   |          |   | -          |      |   |   | - |   |   |   | 114,000 |   |
|                                                                           |   |         |      |   |       |   |   |          |   |   |           |   |   |        |       |   |          |   |       |      |   |   |   |   |   |   |   |   |
| Stock issued for cash at $2.00 per share                                       |   |         | 280,000   |   |       |   | 280    |          |   |   | 559,720        |   |   |        | -          |   |          |   | -          |      |   |   | - |   |   |   | 560,000 |   |
|                                                                           |   |         |      |   |       |   |   |          |   |   |           |   |   |        |       |   |          |   |       |      |   |   |   |   |   |   |   |   |
| Issuance of stock for debt from $1.20 to $2.00 per share                       |   |         | 186,306   |   |       |   | 186    |          |   |   | 285,439        |   |   |        | -          |   |          |   | -          |      |   |   | - |   |   |   | 285,625 |   |
|                                                                           |   |         |      |   |       |   |   |          |   |   |           |   |   |        |       |   |          |   |       |      |   |   |   |   |   |   |   |   |
| Stock issued for cash from $1.80 to $2.10 per share                            |   |         | 118,219   |   |       |   | 118    |          |   |   | 229,226        |   |   |        | -          |   |          |   | -          |      |   |   | - |   |   |   | 229,344 |   |
|                                                                           |   |         |      |   |       |   |   |          |   |   |           |   |   |        |       |   |          |   |       |      |   |   |   |   |   |   |   |   |
| Stock options granted                                                          |   |         | -         |   |       |   | -      |          |   |   | 381,340        |   |   |        | -          |   |          |   | -          |      |   |   | - |   |   |   | 381,340 |   |
|                                                                           |   |         |      |   |       |   |   |          |   |   |           |   |   |        |       |   |          |   |       |      |   |   |   |   |   |   |   |   |
| Net loss for the year ended June 30, 2006                                      |   |         | -         |   |       |   | -      |          |   |   | -              |   |   |        | -          |   |          |   | (1,404,004 | )         |   |   | - |   |   |   | (1,404,004 | ) |
|                                                                           |   |         |      |   |       |   |   |          |   |   |           |   |   |        |       |   |          |   |       |      |   |   |   |   |   |   |   |   |
| Balance, June 30, 2006                                                         |   |         | 3,711,103 |   |       |   | 3,711  |          |   |   | 6,624,918      |   |   |        | (1,862,852 | )      |          |   | (4,517,461 | )         |   |   | - |   |   |   | 248,315 |   |
|                                                                           |   |         |      |   |       |   |   |          |   |   |           |   |   |        |       |   |          |   |       |      |   |   |   |   |   |   |   |   |
| Issuance of stock for services at $2.00 per share                              |   |         | 4,500     |   |       |   | 5      |          |   |   | 8,995          |   |   |        | -          |   |          |   | -          |      |   |   | - |   |   |   | 9,000 |   |
|                                                                           |   |         |      |   |       |   |   |          |   |   |           |   |   |        |       |   |          |   |       |      |   |   |   |   |   |   |   |   |
| Issuance of stock for debt at $1.20 per share                                  |   |         | 36,250    |   |       |   | 36     |          |   |   | 43,464         |   |   |        | -          |   |          |   | -          |      |   |   | - |   |   |   | 43,500 |   |
|                                                                           |   |         |      |   |       |   |   |          |   |   |           |   |   |        |       |   |          |   |       |      |   |   |   |   |   |   |   |   |
| Issuance of stock for services from $1.60 to $1.80 per common share            |   |         | 105,000   |   |       |   | 105    |          |   |   | 172,395        |   |   |        | -          |   |          |   | -          |      |   |   | - |   |   |   | 172,500 |   |
|                                                                           |   |         |      |   |       |   |   |          |   |   |           |   |   |        |       |   |          |   |       |      |   |   |   |   |   |   |   |   |
| Common shares cancelled at $1.80 per share                                     |   |         | (27,500   | )      |       |   | (28    | )             |   |   | (49,472        | )      |   |        | -          |   |          |   | -          |      |   |   | - |   |   |   | (49,500 | ) |
|                                                                           |   |         |      |   |       |   |   |          |   |   |           |   |   |        |       |   |          |   |       |      |   |   |   |   |   |   |   |   |
| Issuance of stock for cash at $1.20 per share                                  |   |         | 83,333    |   |       |   | 83     |          |   |   | 99,917         |   |   |        | -          |   |          |   | -          |      |   |   | - |   |   |   | 100,000 |   |
|                                                                           |   |         |      |   |       |   |   |          |   |   |           |   |   |        |       |   |          |   |       |      |   |   |   |   |   |   |   |   |
| Net loss for the year ended June 30, 2007                                      |   |         | -         |   |       |   | -      |          |   |   | -              |   |   |        | -          |   |          |   | (872,325   | )         |   |   | - |   |   |   | (872,325 | ) |
|                                                                           |   |         |      |   |       |   |   |          |   |   |           |   |   |        |       |   |          |   |       |      |   |   |   |   |   |   |   |   |
| Balance, June 30, 2007                                                         |   |         | 3,912,686 |   |       |   | 3,913  |          |   |   | 6,900,217      |   |   |        | (1,862,852 | )      |          |   | (5,389,787 | )         |   |   | - |   |   |   | (348,511 | ) |
|                                                                           |   |         |      |   |       |   |   |          |   |   |           |   |   |        |       |   |          |   |       |      |   |   |   |   |   |   |   |   |
| Issuance of stock for debt at $0.97 per share                                  |   |         | 110,000   |   |       |   | 110    |          |   |   | 106,590        |   |   |        | -          |   |          |   | -          |      |   |   | - |   |   |   | 106,700 |   |
|                                                                           |   |         |      |   |       |   |   |          |   |   |           |   |   |        |       |   |          |   |       |      |   |   |   |   |   |   |   |   |
| Net loss for the year ended June 30, 2008                                      |   |         | -         |   |       |   | -      |          |   |   | -              |   |   |        | -          |   |          |   | (202,215   | )         |   |   | - |   |   |   | (202,215 | ) |
|                                                                           |   |         |      |   |       |   |   |          |   |   |           |   |   |        |       |   |          |   |       |      |   |   |   |   |   |   |   |   |
| Balance, June 30, 2008                                                         |   |         | 4,022,686 |   |       |   | 4,023  |          |   |   | 7,006,807      |   |   |        | (1,862,852 | )      |          |   | (5,592,002 | )         |   |   | - |   |   |   | (444,026 | ) |
|                                                                           |   |         |      |   |       |   |   |          |   |   |           |   |   |        |       |   |          |   |       |      |   |   |   |   |   |   |   |   |
| Issuance of stock for debt at $0.50 per share                                  |   |         | 735,000   |   |       |   | 735    |          |   |   | 366,765        |   |   |        | -          |   |          |   | -          |      |   |   | - |   |   |   | 367,500 |   |
|                                                                           |   |         |      |   |       |   |   |          |   |   |           |   |   |        |       |   |          |   |       |      |   |   |   |   |   |   |   |   |
| Isuance of stock for services at $0.20 per share                               |   |         | 125,000   |   |       |   | 125    |          |   |   | 24,875         |   |   |        | -          |   |          |   | -          |      |   |   | - |   |   |   | 25,000 |   |
|                                                                           |   |         |      |   |       |   |   |          |   |   |           |   |   |        |       |   |          |   |       |      |   |   |   |   |   |   |   |   |
| Net loss for year ended June 30, 2009                                          |   |         | -         |   |       |   | -      |          |   |   | -              |   |   |        | -          |   |          |   | (62,285    | )         |   |   | - |   |   |   | (62,285 | ) |
|                                                                           |   |         |      |   |       |   |   |          |   |   |           |   |   |        |       |   |          |   |       |      |   |   |   |   |   |   |   |   |
| Balance, June 30, 2009                                                         |   |         | 4,882,686 |   |       |   | 4,883  |          |   |   | 7,398,447      |   |   |        | (1,862,852 | )      |          |   | (5,654,288 | )         |   |   | - |   |   |   | (113,811 | ) |
|                                                                           |   |         |      |   |       |   |   |          |   |   |           |   |   |        |       |   |          |   |       |      |   |   |   |   |   |   |   |   |
| Net loss for the year ended June 30, 2010                                      |   |         | -         |   |       |   | -      |          |   |   | -              |   |   |        | -          |   |          |   | (32,677    | )         |   |   | - |   |   |   | (32,677 | ) |
|                                                                           |   |         |      |   |       |   |   |          |   |   |           |   |   |        |       |   |          |   |       |      |   |   |   |   |   |   |   |   |
| Balance, June 30, 2010                                                         |   |         | 4,882,686 |   |       | $      | 4,883  |          |   | $      | 7,398,447      |   |   | $           | (1,862,852 | )      |          | $      | (5,686,964 | )         |   | $ | - |   |   | $ | (146,488 | ) |

----

|                                                             |   |         |      |   |       |   |   |          |   |   | Accumulated    |   |   | Accumulated |       |   | Accumulated   |   |       | Total     |   |
|------------------------------------------------------------------|--------|--------------|-----------|--------|------------|--------|--------|---------------|--------|--------|----------------|--------|--------|-------------|------------|--------|---------------|--------|------------|-----------|--------|
|                                                             |   | Common Stock |      |   | Additional |   |   | Deficit Prior |   |   | Deficit During |   |   | Other       |       |   | Stockholders' |   |
|                                                             |   | Number       |      |   |       |   |   | Paid-in       |   |   | to Exploration |   |   | Exploration |       |   | Comprehensive |   |       | Equity    |   |
|                                                             |   | of Shares    |      |   | Amount     |   |   | Capital       |   |   | Stage          |   |   | Stage       |       |   | Income        |   |       | (Deficit) |   |
|                                                             |   |         |      |   |       |   |   |          |   |   |           |   |   |        |       |   |          |   |       |      |   |
| Balance Forward - June 30, 2010                                  |   |         | 4,882,686 |   |       | $      | 4,883  |          |   | $      | 7,398,447      |   |   | $           | (1,862,852 | )      |          | $      | (5,686,963 | )         |   | $ | - |   |   | $ | (146,486 | ) |
|                                                             |   |         |      |   |       |   |   |          |   |   |           |   |   |        |       |   |          |   |       |      |   |   |   |   |   |   |   |   |
| Rounding on stock consolidation                                  |   |         | 20        |   |       |   | -      |          |   |   | -              |   |   |        | -          |   |          |   | -          |      |   |   | - |   |   |   | - |   |
|                                                             |   |         |      |   |       |   |   |          |   |   |           |   |   |        |       |   |          |   |       |      |   |   |   |   |   |   |   |   |
| Issuance of stock for debt at $0.10 per share                    |   |         | 1,620,589 |   |       |   | 1,620  |          |   |   | 160,437        |   |   |        | -          |   |          |   | -          |      |   |   | - |   |   |   | 162,057 |   |
|                                                             |   |         |      |   |       |   |   |          |   |   |           |   |   |        |       |   |          |   |       |      |   |   |   |   |   |   |   |   |
| Net loss and comprehensive loss for the year ended June 30, 2011 |   |         | -         |   |       |   | -      |          |   |   | -              |   |   |        | -          |   |          |   | (59,943    | )         |   |   | - |   |   |   | (59,943 | ) |
|                                                             |   |         |      |   |       |   |   |          |   |   |           |   |   |        |       |   |          |   |       |      |   |   |   |   |   |   |   |   |
| Balance, June 30, 2011                                           |   |         | 6,503,295 |   |       |   | 6,503  |          |   |   | 7,558,884      |   |   |        | (1,862,852 | )      |          |   | (5,746,906 | )         |   |   | - |   |   |   | (44,372 | ) |
|                                                             |   |         |      |   |       |   |   |          |   |   |           |   |   |        |       |   |          |   |       |      |   |   |   |   |   |   |   |   |
| Net loss and comprehensive loss for the year ended June 30, 2012 |   |         | -         |   |       |   | -      |          |   |   | -              |   |   |        | -          |   |          |   | (35,912    | )         |   |   | - |   |   |   | (35,912 | ) |
|                                                             |   |         |      |   |       |   |   |          |   |   |           |   |   |        |       |   |          |   |       |      |   |   |   |   |   |   |   |   |
| Balance, June 30, 2012                                           |   |         | 6,503,295 |   |       | $      | 6,503  |          |   | $      | 7,558,884      |   |   | $           | (1,862,852 | )      |          | $      | (5,782,819 | )         |   | $ | - |   |   | $ | (80,285 | ) |

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|                                   |   | June 30, 2012 |       |   | June 30, 2011 |   |
|----------------------------------------|--------|---------------|------------|--------|---------------|--------|
|                                   |   |          |       |   |          |   |
| Net operating loss carry forward       |   | $             | 7,654,000  |   |          | $      | 7,618,000 |   |
|                                   |   |          |       |   |          |   |   |   |
| Deferred tax asset                     |   | $             | 1,975,000  |   |          | $      | 2,095,000 |   |
| Deferred tax asset valuation allowance |   |          | (1,975,000 | )      |          |   | (2,095,000 | ) |
|  Net deferred tax asset           |   | $             | -          |   |          | $      | - |   |
|                                   |   |          |       |   |          |   |   |   |

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|                                             |   | June 30, 2012 |     |   | June 30, 2011 |   |
|--------------------------------------------------|--------|---------------|----------|--------|---------------|--------|
| Statutory rate                                   |   |          | 25.80%   |   |          |   | 27.55% |   |
|                                             |   |          |     |   |          |   |   |   |
| Income taxes recovered at the effective tax rate |   | $             | 9,000    |   |          | $      | 16,500 |   |
|                                             |   |          |     |   |          |   |   |   |
| Temporary timing differences:                    |   |          | -        |   |          |   | - |   |
| Permanent timing differences:                    |   |          | -        |   |          |   | - |   |
| Change in tax rate:                              |   |          | (130,000 | )      |          |   | (133,000 | ) |
| Change in valuation allowance:                   |   |          | 121,000  |   |          |   | 116,500 |   |
| Income tax recovery (expense) recognized in year |   | $             | -        |   |          | $      | - |   |

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|              |   |   |   |                                        |   | 1ST YEAR     |   |
|-------------------|--------|--------|--------|---------------------------------------------|--------|--------------|--------|
| NAME              |   | AGE    |   | POSITION                                    |   | WITH COMPANY |   |
|              |   |   |   |                                        |   |         |   |
| Robert G. Dinning |   | 73     |   | Director Chief Financial Officer, Secretary |   |         | 2000   |   |
| David Yu          |   | 56     |   | Director                                    |   |         | 2006   |   |

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| *  | understands generally accepted accounting principles and financial statements, |
|---------|--------------------------------------------------------------------------------|

| *  | is able to assess the general application of such principles in connection with accounting for estimates, accruals and reserves, |
|---------|----------------------------------------------------------------------------------------------------------------------------------|

| *  | has experience preparing, auditing, analyzing or evaluating financial statements comparable to the breadth and complexity to our financial statements, |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------|

| *  | understands internal controls over financial reporting, and |
|---------|-------------------------------------------------------------|

| *  | understands audit committee functions. |
|---------|----------------------------------------|

----

|                        |                       |   |                 |   |   |             |    |                   |                       |
|-----------------------------|----------------------------|--------|----------------------|--------|--------|------------------|---------|------------------------|----------------------------|
|                        | Summary Compensation Table |
|                        |                       |
|                        |                       |   |                 |   |   |             |    | Long Term Compensation |
|                        |                       |   |                 |   |   |             |    |                   |
|                        | Annual Compensation        |   |                 |   |   | Awards           | Payouts |
|                        |                       |   |                 |   |   |             |    |
| Name and Principle Position | Other Annual Year          |   | Securities Salary($) |   |   | Compensation ($) |    | Underlying Options (#) | All Other Compensation ($) |
|                        |                       |   |                 |   |   |             |    |                   |                       |
| Robert Dinning CEO and CFO  | 2012                       |   | 15,000               |   |   |             |    | Nil                    |                       |
| Robert Dinning CFO          | 2011                       |   | 21,500               |   |   |             |    | Nil                    |                       |

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|   |    |                                                                                    |
|--------|---------|-----------------------------------------------------------------------------------------|
|   | • | Base Salary                                                                             |
|   |    |                                                                                    |
|   | • | Stock Awards                                                                            |
|   |    |                                                                                    |
|   | • | Other benefits available to all employees                                               |
|   |    |                                                                                    |
|   | • | Items specific to our President and Chief Executive Officer per an employment agreement |

|     |   |                                                   |   |               |   |                |   |       |
|----------|--------|--------------------------------------------------------|--------|--------------------|--------|---------------------|--------|------------|
| Title of |   | Name and Address (1)                                   |   |               |   | Amount and Nature   |   | % of       |
| Class    |   | Beneficial Owner                                       |   | Position           |   | of Beneficial Owner |   | Class      |
|     |   |                                                   |   |               |   |                |   |       |
| Common   |   | Robert Dinning                                         |   | Director, CEO, CFO |   | 1,156,175           |   | 17.8%      |
|     |   | David Yu                                               |   | Director           |   | 615,126             |   |  9.5% |
|     |   | Peter Bojtos                                           |   | Former  CEO   |   | 801,752             |   | 12.3%      |
|     |   | All officers and Directors as a Group (2 persons) |   |               |   | 1,771,301           |   | 27.2%      |

| (1)  | The Address of the executive officers and directors is that of the Company:  #12-1900 Indian River Crescent. North Vancouver, B.C. Canada V7G 2R1 |
|-----------|--------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 3.1  | Articles of Incorporation (Incorporated by reference from Form 10SB |
|-----------|---------------------------------------------------------------------|

| 3.2  | By-Laws effective May 20, 2005 (Incorporated by reference from Current Report on Form 8-K filed on May 31, 2005 |
|-----------|----------------------------------------------------------------------------------------------------------------------|

| 3.3  | Certificate of Amendment (Incorporated by reference from Annual Report on Form 10KSB filed on August 29, 2005. |
|-----------|----------------------------------------------------------------------------------------------------------------|

| 14  | Code of Ethics (Incorporated by reference from Annual Report on Form 10KSB filed on August 27, 2004) |
|----------|------------------------------------------------------------------------------------------------------|

| 16.1 | Letter of Williams & Webster, P.S., dated September 16, 2008, regarding change in certifying accountant of Apolo Gold & Energy, Inc. (Incorporated by reference from Current Report on Form 8-K  filed on September 16, 2008) |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 31.1 | Sarbanes Oxley Section 302 Certification from C.E.O. |
|------|------------------------------------------------------|

| 31.2 | Sarbanes Oxley Section 302 Certification from C.F.O. |
|------|------------------------------------------------------|

| 32.1 | Sarbanes Oxley Section 906 Certification from C.E.O. |
|------|------------------------------------------------------|

| 101 | Interactive Data Files * |
|-----|--------------------------|

----

|                     |                          |
|--------------------------|-------------------------------|
| Date: September 28, 2012 |                          |
|                     | /s/ Robert Dinning            |
|                     | Robert Dinning, President/CEO |

|                  |   |                                    |   |   |               |
|-----------------------|--------|-----------------------------------------|--------|--------|--------------------|
| Signature             |   | Title                                   |   |   | Date               |
|                  |   |                                    |   |   |               |
|                  |   |                                    |   |   |               |
| /s/ Robert G. Dinning |   |                                    |   |   |               |
| Robert G. Dinning     |   | Chairman, President, CEO, CFO, Director |   |   | September 28, 2012 |
|                  |   |                                    |   |   |               |
|                  |   |                                    |   |   |               |
| /s/ David Yu          |   |                                    |   |   |               |
| David Yu              |   | Director                                |   |   |               |
|                  |   |                                    |   |   | September 28, 2012 |

----