================================================================================

                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-Q


            [X] Quarterly Report pursuant to Section 13 or 15(d) of
                      the Securities Exchange Act of 1934

                 For the quarterly period ended March 31, 2010

              [ ] Transition Report pursuant to 13 or 15(d) of the
                        Securities Exchange Act of 1934

               For the transition period __________ to __________

                        Commission File Number 000-51640

                          VANGUARD MINERALS COPORATION
                          ----------------------------
                           (formerly Knewtrino, Inc.)
       (Exact name of small Business Issuer as specified in its charter)

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

          402 WEST BROADWAY
              SUITE 2800
            SAN DIEGO, CA                                  92101
          -----------------                                -----
  (Address of principal executive offices)               (Zip Code)

   Issuer's telephone number, including area code:       858-525-5695
                                                         ------------

                                Knewtrino, Inc.
              (Former name, former address and former fiscal year,
                         if changed since last report)

Check  whether  the issuer (1) filed all reports required to be filed by Section
13  or  15(d)  of  the  Securities  Exchange Act of 1934 during the preceding 12
months  (or  for  such  shorter period that the issuer was required to file such
reports),  and  (2) has been subject to such filing requirements for the past 90
days.
[X] Yes  [  ] No

Indicate  by  check mark whether the registrant is a large accelerated filer, an
accelerated  filer, a non-accelerated filer, or a smaller reporting company. See
the  definitions  of "large accelerated filer," "accelerated filer" and "smaller
reporting company" in Rule 12b-2 of the Exchange Act.

Large Accelerated Filer [  ]                             Accelerated Filer [   ]
Non Accelerated Filer [   ] (Do not check if smaller reporting company)
Smaller Reporting Company [ X]

Indicate  by check mark whether the registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act. [ ] Yes [ X] No

State the number of shares outstanding of each of the issuer's classes of common
stock,  as  of  the  latest  practicable  date:  On  April  16, 2010, there were
80,549,666  common  shares,  par  value of $0.001 per share. For shareholders of
record on April 16, 2010, the company undertook a 300 to 1 reverse split. On May
14, 2010, there were 1,455,499 shares of our common stock issued and outstanding
as  a  result  of  the  reverse  split  and of share issuances subsequent to the
reverse split.




<PAGE>

                               TABLE OF CONTENTS
                               -----------------
                                                                            Page
                                                                            ----

                         PART I - FINANCIAL INFORMATION
                         ------------------------------

Item 1:    Financial Statements                                               3

Item 2:    Plan of Operation                                                 15

Item 3:    Quantitative and Qualitative Disclosures about Market Risk        20

Item 4:    Controls and Procedures                                           21


                          PART II - OTHER INFORMATION
                          ---------------------------

Item 1:    Legal Proceedings                                                 22

Item 2:    Unregistered Sales of Equity Securities and Use of Proceeds       22

Item 3:    Defaults Upon Senior Securities                                   22

Item 4:    Submission of Matters to a Vote of Security Holders               22

Item 5:    Other Information                                                 22

Item 6:    Exhibits                                                          23







                                       2


<PAGE>

                         PART I - FINANCIAL INFORMATION

Item 1. FINANCIAL STATEMENTS

The accompanying unaudited financial statements have been prepared in accordance
with  the  instructions  to  Form  10-Q,  and,  therefore,  do  not  include all
information  and  footnotes  necessary  for a complete presentation of financial
position,  results  of  operations,  cash  flows,  and  stockholders'  equity in
conformity  with  generally  accepted  accounting  principles. In the opinion of
management,  all adjustments considered necessary for a fair presentation of the
results  of  operations  and  financial position have been included and all such
adjustments  are  of  a normal recurring nature. Operating results for the three
months  ended  March 31, 2010 are not necessarily indicative of the results that
can be expected for the year ending December 31, 2010.

The  following  financial  statements  of  Vanguard  Minerals  Corporation  (the
"Company") are included with this Quarterly Report on Form 10-Q:


      (a)   Balance  sheets  as  of  March 31, 2010 (unaudited) and December 31,
            2009 (audited);

      (b)   Statements of operations for the three and month periods ended March
            31,  2010  and  2009  and  for  the  period  from  August  25,  2003
            (inception) to March 31, 2010 (unaudited);

      (c)   Statements  of  stockholders'  deficiency for the period from August
            25, 2003 (inception) to March 31, 2010 (unaudited);



      (d)   Statements  of  cash flows for the three months ended March 31, 2010
            and  2009  and  for  the  period from August 25, 2003 (inception) to
            March 31, 2010 (unaudited);

      (e)   Notes to the financial statements.







                                       3
<PAGE>





                         VANGUARD MINERALS CORPORATION

                         (AN EXPLORATION STAGE COMPANY)

                              FINANCIAL STATEMENTS

                                 MARCH 31, 2010



































                                       4
<PAGE>

                         VANGUARD MINERALS CORPORATION
                         (AN EXPLORATION STAGE COMPANY)
                                 BALANCE SHEETS
                   AS OF MARCH 31, 2010 AND DECEMBER 31, 2009


                                                       March 31,    December 31,
                                                         2010          2009
                                                      (Unaudited)    (Audited)
                                                     ------------  -------------
                ASSETS

Current assets
   Cash and cash equivalents                         $         72  $        108
   Prepaid expenses                                           500         2,000
                                                     ------------  -------------
Total Current Assets                                          572         2,108
                                                     ------------  -------------

Total Assets                                         $        572  $      2,108
                                                     ============  =============

     LIABILITIES AND STOCKHOLDERS' DEFICIT

Liabilities
Current liabilities
   Accounts payable and accrued expenses             $    166,588  $    178,001
   Due to related parties                                  28,151        17,737
                                                     ------------  -------------
Total Liabilities                                         194,739       195,738
                                                     ------------  -------------

Stockholders' deficit
   Common stock, par value $0.001,
   500,000,000 shares authorized,
   84,549,666 shares issued and outstanding                84,598        84,598
   Additional paid-in capital                           4,994,614     4,994,614
   Warrants                                               234,360       234,360
   Deficit accumulated during the exploration
   stage                                               (5,507,739)   (5,507,202)
                                                     ------------  -------------
Total Stockholders' Deficit                              (194,167)     (193,630)
                                                     ------------  -------------

Total Liabilities and Stockholders' Deficit          $        572  $      2,108
                                                     ============  =============




   The accompanying notes are an integral part of these financial statements.

                                       5


<PAGE>
                         VANGUARD MINERALS CORPORATION
                         (AN EXPLORATION STAGE COMPANY)
                            STATEMENTS OF OPERATIONS
          FOR THE THREE MONTHS ENDED MARCH 31, 2010 AND MARCH 31, 2009
           PERIOD FROM AUGUST 25, 2003 (INCEPTION) TO MARCH 31, 2010
                                  (unaudited)


                                                                      Period
                                                                       from
                                                        Three        August 25,
                                         Three          Months         2003
                                         Months         Ended       (Inception)
                                         Ended        March 31,         To
                                        March 31,        2009         March 31,
                                          2010        (restated)       2010
                                      -------------  ------------  -------------

REVENUES                              $           -  $          -  $          -
                                      -------------  ------------  -------------

OPERATING EXPENSES
    General and administrative                  338            59       419,063
    Exploration costs                             -             -     3,839,954
    Wages and benefits                            -        10,774       185,526
    Product development                           -             -       270,086
    Rent and Utilities                          199             -        67,739
    Depreciation                                  -             -         8,578
                                      -------------  ------------  -------------

TOTAL OPERATING EXPENSES                        537        10,833     4,790,946
                                      -------------  ------------  -------------

LOSS FROM OPERATIONS                           (537)      (10,833)   (4,790,946)

OTHER INCOME (EXPENSE)                            -         3,030      (716,793)
                                      -------------  ------------  -------------

LOSS BEFORE INCOME TAXES                       (537)       (7,803)   (5,507,739)


PROVISION FOR INCOME TAXES                        -             -             -
                                      -------------  ------------  -------------

NET LOSS                              $        (537) $     (7,803) $ (5,507,739)
                                      =============  ============  ============

NET LOSS PER SHARE:
  BASIC AND DILUTED                   $       (0.00) $      (0.00)
                                      =============  ============

WEIGHTED AVERAGE NUMBER OF
  SHARES OUTSTANDING:
    BASIC AND DILUTED                    84,549,666    80,549,666
                                      =============  ============




   The accompanying notes are an integral part of these financial statements.

                                       6


<PAGE>
<TABLE>
<CAPTION>


                                                 VANGUARD MINERALS CORPORATION
                                                (AN EXPLORATION STAGE COMPANY)
                                    STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT) (RESTATED)
                                                     AS OF MARCH 31, 2010
                                                          (unaudited)

                                                                                                    Deficit
                                                                                                   Accumulated
                                                                     Additional                     During the       Total
                                              Common Stock            Paid in                      Development   Stockholders'
                                          Shares         Amount       Capital       Warrants          Stage         Deficit
                                      -------------  ------------  -------------  -------------  --------------  -------------
<S>                                   <C>            <C>           <C>            <C>            <C>             <C>
Balance, December 31, 2007, as
originally reported                      76,216,333  $     76,216  $   2,388,596  $     234,360  $   (2,698,368) $        804

Correction of an accounting error         2,000,000         2,000         (2,000)             -         (59,004)      (59,004)
                                      -------------  ------------  -------------  -------------  --------------  -------------

Balance, December 31, 2007, as
Restated                                 78,216,333        78,216      2,386,596        234,360      (2,757,372)      (58,200)


Issuance of common stock for cash @
$0.03 per share                           2,333,333         2,333         67,667              -               -        70,000

Issuance of common stock for cash @
$0.46 per share                             492,336            49        224,351              -               -       224,400

Common stock issued to acquire
mineral interests                         4,000,000         4,000      2,316,000              -               -     2,320,000

Net loss for the year ended December
31, 2008                                          -             -              -                     (2,690,830)   (2,690,830)
                                      -------------  ------------  -------------  -------------  --------------  -------------

Balance, December 31, 2008               84,549,666        84,598      4,994,614        234,360      (5,448,202)     (134,630)

Net loss for the year ended December
31, 2009                                          -             -              -              -         (59,000)      (59,000)
                                      -------------  ------------  -------------  -------------  --------------  -------------

Balance, December 31, 2009               84,549,666        84,598      4,994,614        234,360      (5,507,202) $   (193,630)
Net loss for the period ended March
31, 2010                                          -             -              -              -            (537)         (537)
                                      -------------  ------------  -------------  -------------  --------------  -------------

Balance, March 31, 2010                  84,549,666  $     84,598  $   4,994,614  $     234,360  $   (5,507,739) $    (194,167)
                                      =============  ============  =============  =============  ==============  =============



                          The accompanying notes are an integral part of these financial statements.
</TABLE>

                                                               7


<PAGE>

                         VANGUARD MINERALS CORPORATION
                         (AN EXPLORATION STAGE COMPANY)
                            STATEMENTS OF CASH FLOWS
          FOR THE THREE MONTHS ENDED MARCH 31, 2010 AND MARCH 31, 2009
           PERIOD FROM AUGUST 25, 2003 (INCEPTION) TO MARCH 31, 2010
                                  (unaudited)


                                                                      Period
                                                                       from
                                                                     August 25,
                                         Three          Three          2003
                                         Months         Months      (Inception)
                                         Ended          Ended           To
                                        March 31,      March 31,      March 31,
                                          2010           2009          2010
                                      -------------  ------------  -------------

CASH FLOWS USED IN OPERATING
ACTIVITIES
     Net loss for the period          $        (537) $     (7,803) $ (5,507,739)
Adjustments to reconcile net loss
to net cash used in operating
activities:
     Depreciation and amortization                -             -         8,578
     Common stock issued for mineral
     property costs                               -             -     2,352,500
     Loss on disposal of property
     and equipment                                -             -        17,524
     Fair value discount on
     private placement                            -             -       653,112
     Impairment of Instant
     Wirefree technology                          -             -        46,200
     (Increase) decrease in
     prepaid expenses                         1,500             -          (500)
     Increase (decrease) in
     accounts payable & accrued
     expenses                               (11,413)        7,323       166,588
                                      -------------  ------------  -------------
Cash flows used in operating
   activities                               (10,450)         (480)   (2,263,737)
                                      -------------  ------------  -------------

CASH FLOWS FROM INVESTING ACTIVITIES
      Purchase of property and
      equipment                                   -             -       (27,128)
      Proceeds from disposal of
      property and equipment                                              1,026
      Instant Wirefree technology                 -             -       (27,500)
                                      -------------  ------------  -------------
Cash flows used in investing
activities                                        -             -       (53,602)
                                      -------------  ------------  -------------

CASH FLOWS FROM FINANCING ACTIVITIES
     Advances from related parties           10,414             -        28,151
     Proceeds from issuance of
     common stock                                 -             -     2,076,000
     Proceeds from promissory notes               -             -       213,260
                                      -------------  ------------  -------------
Cash flows provided by financing
activities                                   10,414             -     2,317,411
                                      -------------  ------------  -------------

NET INCREASE (DECREASE) IN CASH                 (36)         (480)           72

Cash, beginning of the period                   108         3,707             -
                                      -------------  ------------  -------------

Cash, end of the period               $          72  $      3,227  $         72
                                      =============  ============  =============

SUPPLEMENTAL CASH FLOW INFORMATION:

     Interest paid                    $           -  $          -  $
                                      =============  ============  =============
     Income taxes paid                $           -  $          -  $          -
                                      =============  ============  =============

SUPPLEMENTAL DISCLOSURES OF NON-CASH
INVESTING AND FINANCING ACTIVITIES
    Shares issued on acquisition
     of Instant Wirefree Inc.         $           -  $     18,700  $          -
                                      =============  ============  =============
     Shares issued to settle debt     $           -  $          -  $    213,600
                                      =============  ============  =============


   The accompanying notes are an integral part of these financial statements

                                       8

<PAGE>
                         VANGUARD MINERALS CORPORATION
                         (AN EXPLORATION STAGE COMPANY)
                         NOTES TO FINANCIAL STATEMENTS
                                 MARCH 31, 2010


NOTE 1 - NATURE OF OPERATIONS

The  accompanying  unaudited  interim financial statements have been prepared by
Vanguard  Minerals  Corporation  (the  "Company")  pursuant  to  the  rules  and
regulations  of  the  United  States Securities and Exchange Commission. Certain
information  and  disclosures  normally  included in annual financial statements
prepared  in  accordance  with  accounting  principles generally accepted in the
United  States  of America have been condensed or omitted pursuant to such rules
and  regulations.  In the opinion of management, all adjustments and disclosures
necessary  for  a  fair  presentation  of  these  financial statements have been
included.  Such  adjustments  consist  of  normal  recurring  adjustments. These
interim  financial  statements  should  be  read in conjunction with the audited
financial statements of the Company for the fiscal year ended December 31, 2009.

The  results  of  operations  for  the three months ended March 31, 2010 are not
indicative of the results that may be expected for the full year.

The Company was incorporated in the State of Nevada, United States of America on
August 25, 2003. The Company's fiscal year end is December 31.

The  Company entered into a mineral license option agreement to explore and mine
two properties in Mongolia. On April 19, 2006, the Company terminated the option
agreements it previously held.

On May 2, 2006, the Company changed its name to Knewtrino, Inc. On May 24, 2006,
the  Company  entered  into  an agreement to acquire certain technology owned by
Instant  Wirefree,  Inc.  by  acquiring  100%  of  the  common shares of Instant
Wirefree,  Inc.  in  exchange  for cash in the amount of $ 27,500 and 18,700,000
common  shares of the Company. During the year, the Company changed its business
focus  and  as  a  result  will  no  longer  be  developing the Instant Wirefree
technology. As a result, the Company has recognized an impairment of $ 46,200 in
the value of the technology asset.

On  August  10,  2007,  the  Company  changed  its  name  to  Vanguard  Minerals
Corporation.

In  November  2007,  the  Company entered into an agreement with Coastal Uranium
Holdings  Ltd.  to acquire its right and option to an undivided 50% right, title
and  interest  in  certain  mineral claims in the Athabasca region of Canada for
$58,300  (Cdn)  plus  2,000,000  shares  of  the  common  stock  of Vanguard. In
addition,  Vanguard  agreed  to  take on the financial responsibility of Coastal
Uranium Holdings Ltd. to fund development of the mineral property.

In  April  2008,  Vanguard  entered into a second agreement with Coastal Uranium
Holdings  Ltd.  to  acquire  its  50%  interest in mining claim S- 110476 in the
Athabasca  region  of  Canada  for  $ 250,000 (Cdn) plus 4,000,000 shares of the
common  stock of Vanguard. In addition, Vanguard agreed to take on the financial
responsibility  of  Coastal  Uranium  Holdings  Ltd.  to fund development of the
mineral property.

The  Company has not generated any revenues to date from its mineral exploration
efforts,  and  in  accordance  with  SFAS #7 (ASC 915-10) is considered to be an
Exploration Stage Company.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Accounting Basis
----------------
These  financial  statements  are prepared on the accrual basis of accounting in
conformity with accounting principles generally accepted in the United States of
America.


                                       9
<PAGE>
                         VANGUARD MINERALS CORPORATION
                         (AN EXPLORATION STAGE COMPANY)
                         NOTES TO FINANCIAL STATEMENTS
                                 MARCH 31, 2010


NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Use of Estimates
----------------
The  preparation  of  financial statements in conformity with generally accepted
accounting principles of the United States requires management to make estimates
and  assumptions  that affect the reported amounts of assets and liabilities and
disclosure  of  contingent  assets  and liabilities at the date of the financial
statements  and  the  reported amounts of revenues and expenses during the year.
The  more  significant  areas  requiring  the  use  of  estimates  include asset
impairment,  stock-based compensation, and future income tax amounts. Management
bases its estimates on historical experience and on other assumptions considered
to  be  reasonable  under  the circumstances. However, actual results may differ
from the estimates.

Mineral Properties
------------------
Costs  of  exploration, carrying and retaining unproven mineral lease properties
are  expensed  as  occurred.  Mineral property acquisition costs are capitalized
including  licenses  and lease payments. Although the Company has taken steps to
verify title to mineral properties in which it has an interest, these procedures
do  not  guarantee  the Company's title. Such properties may be subject to prior
agreements or transfers and title may be affected by undetected defects.

Impairment  losses  are  recorded  on mineral properties used in operations when
indicators  of  impairment are present and the undiscounted cash flows estimated
to be generated by those assets are less than the assets' carrying amount.

All  mineral  properties  held  at  December  31,  2009 and 2008 have been fully
impaired.

Loss Per Share
--------------
Net  income  (loss)  per  common share is computed based on the weighted average
number  of  common  shares  outstanding  and  common  stock  equivalents, if not
anti-dilutive.  The  Company  has  not  issued  any  potentially dilutive common
shares.

Basic  loss  per share is calculated using the weighted average number of common
shares  outstanding  and  the treasury stock method is used to calculate diluted
earnings  per  share.  For  the  years  presented, this calculation proved to be
anti-dilutive.

Dividends
---------
The  Company  has  not  adopted  any  policy  regarding payment of dividends. No
dividends have been paid during the period shown.

Revenue Recognition
-------------------
The  Company  recognizes  revenue  when products are fully delivered or services
have been provided and collection is reasonably assured

Income Taxes
------------
The  Company  provides  for  income taxes using an asset and liability approach.
Deferred  tax  assets  and  liabilities  are  recorded  based on the differences
between  the financial statement and tax bases of assets and liabilities and the
tax  rates  in  effect currently. Deferred tax assets are reduced by a valuation
allowance  if, based on the weight of available evidence, it is more likely than
not  that  some  or  all  of  the  deferred  tax assets will not be realized. No
provision  for  income  taxes is included in the statement due to its immaterial
amount,  net of the allowance account, based on the likelihood of the Company to
utilize the loss carry-forward.



                                       10
<PAGE>

                         VANGUARD MINERALS CORPORATION
                         (AN EXPLORATION STAGE COMPANY)
                         NOTES TO FINANCIAL STATEMENTS
                                 MARCH 31, 2010


NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Stock-Based Compensation
------------------------
The  Company  did not issue any stock-based payments to its employees in 2009 or
2008.  The  Company  uses  the  modified  prospective  method  of accounting for
stock-based  compensation.  Under  this  transition  method,  stock compensation
expense  includes  compensation  expense for all stock-based compensation awards
granted  on  or  after  January  1, 2006, based on the estimated grant-date fair
value.

Recent Accounting Pronouncements
--------------------------------
In May 2009, the FASB issued SFAS 165 (ASC 855-10) entitled "Subsequent Events".
Companies  are now required to disclose the date through which subsequent events
have been evaluated by management. Public entities (as defined) must conduct the
evaluation  as  of  the  date  the  financial statements are issued, and provide
disclosure  that  such  date was used for this evaluation. SFAS 165 (ASC 855-10)
provides  that financial statements are considered "issued" when they are widely
distributed for general use and reliance in a form and format that complies with
GAAP.  SFAS  165 (ASC 855-10) is effective for interim and annual periods ending
after  June 15, 2009 and must be applied prospectively. The adoption of SFAS 165
(ASC  855-10) during the year ended November 30, 2009 did not have a significant
effect on the Company's financial statements as of that date. In connection with
the  preparation  of  the  accompanying  financial statements as of November 30,
2009,  management  evaluated  subsequent  events  through  the  date  that  such
financial statements were issued (filed with the SEC).

In  June  2009,  the  FASB  issued  SFAS  168,  The  FASB  Accounting  Standards
Codification  and  the  Hierarchy  of  Generally Accepted Accounting Principles.
("SFAS 168" or ASC 105-10) SFAS 168 (ASC 105-10) establishes the Codification as
the sole source of authoritative accounting principles recognized by the FASB to
be  applied  by  all  nongovernmental  entities  in the preparation of financial
statements  in  conformity  with  GAAP.  SFAS 168 (ASC 105-10) was prospectively
effective  for  financial  statements issued for fiscal years ending on or after
September  15,  2009 and interim periods within those fiscal years. The adoption
of SFAS 168 (ASC 105-10) on July 1, 2009 did not impact the Company's results of
operations  or  financial  condition.  The  Codification  did  not  change GAAP,
however, it did change the way GAAP is organized and presented.

As  a  result,  these  changes  impact  how  companies  reference  GAAP in their
financial  statements  and in their significant accounting policies. The Company
implemented  the  Codification  in  this  Report  by providing references to the
Codification topics alongside references to the corresponding standards.

With  the  exception  of  the  pronouncements  noted  above, no other accounting
standards  or  interpretations issued or recently adopted are expected to have a
material impact on the Company's financial position, operations or cash flows.

Foreign currency transactions
-----------------------------
The  business of the Company from Canada involves incurring a substantial number
of  operational  transactions  in  Canada  for  which  it  transacts payments in
Canadian  currency  through a bank account maintained for that purpose. Included
in  such transactions are payments for salaries, rent, consulting and many other
expenses.  At the time of payment, each Canadian disbursement is translated into
the  U.  S. dollar equivalent amount and an exchange gain or loss on currency is
recorded  at  that  time.  As  of  December  31, 2009, the Canadian bank account
balance,  which  was  the only account balance maintained in foreign currency at
that date was converted into a U. S. dollar equivalent amount.

NOTE 3 - RELATED PARTY TRANSACTIONS

The  Company  has  a  balance  owing  of $28,151 to a related party. The loan is
unsecured  and  bears no interest. There are no specific terms of repayment with
this loan.



                                       11
<PAGE>

                         VANGUARD MINERALS CORPORATION
                         (AN EXPLORATION STAGE COMPANY)
                         NOTES TO FINANCIAL STATEMENTS
                                 MARCH 31, 2010


NOTE 4 - STOCKHOLDERS' DEFICIT

On  November  15,  2007,  the Company issued 2,000,000 shares of common stock in
connection with the acquisition of a 50% interest in two mineral claims.

On  April  6,  2008,  the  Company  issued  4,000,000  shares of common stock in
connection with the acquisition of a third mineral claim.

During  the year ended December 31, 2008, the Company issued 2,333,333 shares of
common stock for $70,000 in connection with a private placement.

During  the  year  ended December 31, 2008, the Company issued 492,336 shares of
common stock for $224,400 in connection with a private placement.

Effective  April  16,  2010,  the  board  of  directors of the Company adopted a
resolution  to  effect a 300 to 1 reverse share spit. As a result the authorized
share  capital  of  the  common has been decreased to 1,666,666 shares of common
stock with par value of $0.001 per share.

On  April  23,  2010,  the  Company issued 1,000,000 shares of common stock at a
deemed  price  of  $  1.50  per  share.  In  consideration, the Company received
1,000,000 shares of PEI Worldwide Holdings, Inc., a Nevada Corporation.

NOTE 5 - INCOME TAXES

The provision for Federal income tax consists of the following:

                                                                     March 31,
                                                                       2010
                                                                   -------------
Refundable Federal income tax attributable to:
   Current operations                                              $        185
   Less: valuation allowance                                               (185)
                                                                   -------------
Net provision for Federal income taxes                             $          -
                                                                   =============

The  cumulative  tax  effect  at  the  expected rate of 34% of significant items
comprising our net deferred tax amount is as follows:


                                                                     March 31,
                                                                       2010
                                                                   -------------
Deferred tax asset attributable to:
   Net operating loss carryover                                    $  1,872,600
   Less: valuation allowance                                         (1,872,600)
                                                                   -------------
Net deferred tax asset                                             $          -
                                                                   =============

Due  to  the  change  in ownership provisions of the Tax Reform Act of 1986, net
operating  loss  carry  forwards  for  federal income tax reporting purposes are
subject  to annual limitations. Should a change in ownership occur net operating
loss carry forwards may be limited as to use in future years.




                                       12
<PAGE>

                         VANGUARD MINERALS CORPORATION
                         (AN EXPLORATION STAGE COMPANY)
                         NOTES TO FINANCIAL STATEMENTS
                                 MARCH 31, 2010


NOTE 6 - GOING CONCERN

The  Company's financial statements are prepared using the accounting principles
generally  accepted  in  the  United  States  of  America  applicable to a going
concern,  which  contemplates  the  realization  of  assets  and  liquidation of
liabilities in the normal course of business. However, the Company has not begun
to  generate  revenues,  and  has  incurred  a  significant operating loss as of
December 31, 2009.

The Company is dependent upon its ability to secure equity and/or debt financing
and  there  are  no  assurances  that  the  Company  will be successful. Without
sufficient  financing,  or the achievement of profitable operations, it would be
unlikely for the Company to continue as a going concern.

NOTE 7 - CORRECTION OF ERRORS AND RESTATEMENTS

The  Company  has  restated  its  balance  sheet  and statement of operations at
December  31,  2008  to correct errors in its accounting. Property and equipment
were  disposed of with a net book value of $8,824. Correspondingly, depreciation
expense was reduced by $7,089. In addition, accrued liabilities in the amount of
$15,913  were  reversed.  Also, an expense paid in 2008 in the amount of $59,004
related  to  a prior period. The net effect of these adjustments was to increase
the December 31, 2007 accumulated deficit by $59,004 and reduce the net loss for
the year by $66,092.

The  December  31,  2008 balance sheet has been restated to correct the property
and  equipment,  accounts  payable and accrued expenses, and stockholders'equity
(deficit).

The  December  31, 2008 statement of operations has been restated to reflect the
changes in expenses.

The following are the before and after balances as restated:


                                                                    Year Ended
                                                                   December 31,
                                                                        2008
         Balance Sheet

               Property and Equipment, net of depreciation
                  Before                                           $      8,824
                  After                                            $          0
               Current Liabilities
                  Before                                           $    154,250
                  After                                            $    138,337
               Stockholders' Equity
                  Before                                           $   (141,719)
                  After                                            $   (134,630)

         Statement of Operations
                  Operating Expenses
                  Before                                           $  2,756,922
                  After                                            $  2,733,620
               Other Income (Expense)
                  Before                                           $          0
                  After                                            $    (16,214)
               Income (Loss) from Operations
                  Before                                           $ (2,756,922)
                  After                                            $ (2,690,830)
               Net Income (Loss)
                  Before                                           $ (2,756,922)
                  After                                            $ (2,690,830)



                                       13
<PAGE>

                         VANGUARD MINERALS CORPORATION
                         (AN EXPLORATION STAGE COMPANY)
                         NOTES TO FINANCIAL STATEMENTS
                                 MARCH 31, 2010


NOTE 8 - SUBSEQUENT EVENTS

On  April  23,  2010,  the  Company completed a sale transaction whereby it sold
1,000,000  of  its  common  shares at a price per share of $ 1.50. The per share
purchase  price was paid in the form of share of PEI Worldwide Holdings, Inc., a
Nevada  corporation.  This  transaction  has  the  effect of causing a change of
control in the Company.

The Company has analyzed its operations subsequent to March 31, 2010 through the
date  the  financial  statements  were  submitted to the Securities and Exchange
Commission  and  has  determined  that  it does not have any additional material
subsequent events to disclose in these financial statements.










                                       14
<PAGE>


Item 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
         OF OPERATIONS

Cautionary Statement Regarding Forward-Looking Statements

The  information  in this Quarterly Report on Form 10-Q contains forward-looking
statements  within  the meaning of Section 27A of the Securities Act of 1933, as
amended,  and  Section  21E  of the Securities Exchange Act of 1934, as amended.
These  forward-looking  statements  involve  risks  and uncertainties, including
statements   regarding   our   markets,   capital   needs,  business  plans  and
expectations.  Such  forward-looking  statements involve risks and uncertainties
regarding  the ability to continue mining exploration on a timely basis, that we
will  attract  customers,  that there will be no material adverse competitive or
regulatory  change in conditions in our business, that our President will remain
employed  as  such,  that our forecasts accurately anticipate market demand, and
that  there  will be no material adverse change in our operations or business or
in  governmental  regulations  affecting  our  business,  availability of funds,
common  share  prices,  operating  costs,  capital  costs,  and  other  factors.
Forward-looking   statements  are  made,  without  limitation,  in  relation  to
marketing plans, operating plans, availability of funds, and ongoing capital and
operating  costs.  Any  statements  contained  herein that are not statements of
historical  facts may be deemed to be forward-looking statements. In some cases,
you  can  identify  forward-looking  statements  by  terminology  such as "may",
"will",   "should",   "expect",   "plan",   "intend",  "anticipate",  "believe",
"estimate",  "predict", "potential" or "continue", the negative of such terms or
other comparable terminology. Actual events or results may differ materially. In
evaluating  these statements, you should consider various factors, including the
risks  outlined below, and, from time to time, in other reports we file with the
SEC.  These  factors  may cause our actual results to differ materially from any
forward-looking  statement.  We disclaim any obligation to publicly update these
statements,  or  disclose  any  difference  between its actual results and those
reflected  in  these  statements.  The  information  constitutes forward-looking
statements within the meaning of the Private Securities Litigation Reform Act of
1995.  Given  these  uncertainties,  readers  are  cautioned  not to place undue
reliance on such forward-looking statements.

Overview

Vanguard  Minerals  Corporation,  formerly  Knewtrino, Inc., (the "Company") was
originally incorporated as Mongolian Explorations Ltd. on August 25, 2003, under
the  laws  of the State of Nevada. We were originally founded to conduct mineral
explorations  in  Mongolia.  Although  we  did  exploratory  feasibility work on
mineral  lease  development,  we  abandoned  our  mineral exploration efforts in
April,  2006  due  to  the  deteriorating  political  and  security situation in
Mongolia  and  specifically  due  to intense protests over North American mining
concessions  in  that  country which jeopardize the safety of our consultants as
well  as undermining our confidence that we will ever be able to see a return on
our continued investments to develop the properties.

Since  that  time,  we had appointed an interim chief executive officer, Jenifer
Osterwalder,  who  saw  us through our transition out of the mineral exploration
business  and  now  are  under  the leadership of a new chief executive officer,
Vladimir  Fedyunin,  and  we were in the process of developing a business around
cell  phone  enabled  wireless  applications.  Toward  that end, we acquired the
intellectual  property of wireless technology start-up Instant Wirefree, Inc., a
Nevada  corporation.  Unfortunately,  we were not able to make the transition to
the  ultra-competitive field of cell phone wireless applications. In June, 2007,
we  made  the  decision to abandon this line of business and to no longer pursue
commercialization  of  any  product  in  the  wireless  space.  Instead, we have
returned to our original, core focus of mining, where the company has its roots,
however,  we  wished  to  find  a  more  politically  stable  and less dangerous
environment to mine in than Mongolia.


                                       15
<PAGE>

In  September,  2007,  we  changed  our name to Vanguard Minerals Corporation to
reflect  our  renewed  commitment  to  our  traditional core business of mineral
exploration.  In  November  2007,  the  Company  entered  into an agreement with
Coastal  Uranium  Holdings  Ltd.  to  acquire its right and option to acquire an
undivided  50%  right,  title  and  interest  in  certain  mineral claims in the
Athabasca region. The option was acquired through payment of $ 57,585 in cash as
well  as  2,000,000  common  shares of the Company. On April 6, 2008, we entered
into another agreement with Coastal Uranium Holdings Ltd., whereby we acquired a
50%  undivided  right, title and interest to the mineral claim numbered S-110476
in  the  Athabasca  region of Canada in exchange for $250,000 CAD ($248,508 USD)
and  4,000,000  common  shares of Vanguard Minerals corporation. In addition, we
have  agreed  to  take  on  the  financial  responsibility  of  Coastal  to fund
development of the mineral property that is the subject of claim S-110476.

The Company has not yet made any significant development progress on any mineral
property  within the Athabasca region and does not believe it will be able to do
so  until  it  acquires additional resources through debt or equity investments,
partnerships or other methods of capital infusion.

In  February, 2010, James Price was appointed President, Chief Executive Officer
and  Sole  Director  of the Company. Vladimir Fedyunin, the former President and
CEO, remained as Principal Financial and Accounting Officer.

On  April  16,  2010,  we effected a 300 for 1 reverse stock split in our common
shares for shareholders of record as of that date.

On  April  20, 2010, the Company initiated a new line of business doing business
as  Vanguard  Management. The Company intends to provide management and business
development  consultation  to  emerging  growth  companies  in a wide variety of
fields including uranium mining, gold and silver mining, coal mining, clean coal
technology,   environmentally   friendly   resource   extraction,  green  energy
technologies as well as other businesses that may be interested in the Company's
services.

On  April  23,  2010,  the  Company completed a sale transaction whereby it sold
1,000,000  of  its  common  shares  at a price per share of $1.50. The per share
purchase price was paid in the form of shares of PEI Worldwide Holdings, Inc., a
Nevada  corporation  ("PEI").  The per share purchase price was derived from the
closing  price  of shares of PEI on April 20, 2010 as listed on the Pink Sheets,
which was $1.50 per share. Therefore, the total purchase price for the 1,000,000
common  shares  was  $1,500,000.  860,000  of the shares were purchased by James
Price  and the other 140,000 of the shares were purchased by various purchasers.
1,000,000  shares  of  PEI  represents  approximately  2.5%  of  the  issued and
outstanding stock of PEI.

This  was  a  related-party  transaction.  Mr. Price is our sole director and he
approved this transaction. There was no disinterested director who approved this
transaction. There can be no assurance that the price reported for PEI shares on
the Pink Sheets is an accurate reflection of the true value of PEI shares.

This  transaction  had  the  effect  of  causing  a  change  of  control  in the
registrant.  Prior  to  this  transaction,  the registrant had 268,499 shares of
common  stock  issued  and  outstanding  out of 1,666,666 authorized. After this
transaction  and  giving  effect  to  the transaction described in the paragraph
below   regarding  the  issuance  of  187,000  common  shares,  Mr.  Price  owns
approximately  59.1%  of  our  issued and outstanding stock and remains our sole
director.

On  April  23,  2010,  the registrant completed an issuance of 187,000 shares of
common  stock.  This stock had been subscribed for in April, 2008 for payment of
$224,400  in cash received by the corporation. The corporation issued 187,000 of
its  common  shares  to various subscribers of the stock at a per share purchase
price of $1.20 per share.



                                       16
<PAGE>

Results of Operations

Until  April  19,  2006,  we  have  been  involved  primarily  in organizational
activities related to our original business of mining in Mongolia, including the
acquisition  of  the  option  to  acquire  the  Altan as well as the Ovorkhangai
property mineral licenses, obtaining a geological report on our mineral licenses
and  initiating  the  first  phase of exploration. After April 19, 2006, when we
abandoned  these efforts due to the political situation in Mongolia, we acquired
wireless  technology  from  Instant  Wirefree,  Inc.,  a  Nevada corporation. We
attempted  to commercialize technology for the wireless space but abandoned that
effort  in  June, 2007. We are currently in the process of returning to our core
business  of  mining. Toward that end, we changed our name in September 2007 and
we  acquired  interests  in  mineral claims in the Athabasca region of Canada in
November  2007  and  April  2008.  We  have  incurred an accumulated net loss of
$5,507,739  for  the  period  from  inception  to March 31, 2010. We have had no
revenues from operations since our inception.

In  April,  2010,  the  Company  initiated  a  new  line  of business to provide
management and business development consultation to emerging growth companies in
a  wide variety of fields including uranium mining, gold and silver mining, coal
mining,  clean  coal  technology,  environmentally friendly resource extraction,
green  energy technologies as well as other businesses that may be interested in
the Company's services.

The  Company  is  currently seeking financing for the development of its mineral
property  interests  and  also for the development of its new line of management
and  business  development  consultation.  The  Company  has no present plans to
acquire  any  plant,  property of equipment during the next 12 months, but these
plans  may  change as the financing environment in the capital markets continues
to improve.

Financial Condition and Liquidity

Overview
--------

Our  financial statements contained herein have been prepared on a going concern
basis,  which  assumes  that we will be able to realize our assets and discharge
our obligations in the normal course of business. We incurred an accumulated net
loss of $5,507,739 for the period from inception to March 31, 2010.

Our  financial statements included in this report have been prepared without any
adjustments  that  would be necessary if we become unable to continue as a going
concern  and are therefore required to realize upon our assets and discharge our
liabilities in other than the normal course of business.

The  Company  had  its  independent  auditors  re-audit  its  December  31, 2008
financial  statements  and the Company restated its financial statements for the
period ending March 31, 2008 in its 10K for the period ended December 31, 2009.

Cash and Working Capital
------------------------

The Company's cash balance as of March 31, 2010 was $72, as compared to the cash
balance of $108 as of December 31, 2009.



                                       17
<PAGE>


Periods Ending March 31, 2010 and March 31, 2009
------------------------------------------------

Operating expenses for the three month period ended March 31, 2010 and March 31,
2009  totalled  $537  and  $10,833 respectively and from inception to the period
ended  March 31, 2010 totalled $4,790,946. The company experienced a net loss of
$537,  $7,803  and  $5,507,739  for the three month periods ended March 31, 2010
March  31, 2009 and from inception to period ended March 31, 2010, respectively,
against  no  revenue from operations. The major expenses during this three month
period  were  for general administrative, rent and utilities. Operating expenses
for  three  month  periods  ending March 31, 2010 and 2009 were $537 and $10,833
respectively,  indicating  a decrease in operating expenses of $10,296. This was
due  almost  entirely  to  decreased  wages and benefits. We did not acquire any
mineral property in the first three months of 2010.

The  earnings  per  share  (fully diluted -- weighted average) was a net loss of
$0.00 for the three month period ended March 31, 2010.

Liquidity and Capital Resources
-------------------------------

For  the  three  month  period  ended March 31, 2010, net cash used in operating
activities,  consisting  mostly  of  a  decrease in accounts payable and accrued
expenses, was $10,450. For the three month period ended March 31, 2009, net cash
used  in  operating  activities,  consisting  mostly  of  a decrease in accounts
payable  and  accrued expenses, was $480. For the period from inception to March
31,  2010, net cash used in operating activities, consisting mostly of loss from
operations was $2,263,737.

For  the  period  from  inception  to  March  31,  2010, net cash resulting from
financing activities was in the amount of $2,317,411.

Our  capital  resources have been limited. We currently do not, and have not yet
determined when we will, generate revenue for our mining and mineral exploration
activities,  and  to  date  have  relied on the sale of equity and related party
loans  for  cash  required  for  our  exploration activities. The company has no
external  sources  of  liquidity  in  the  form  of  credit lines from banks. No
investment  banking  agreements  are in place and there is no guarantee that the
company  will  be  able  to  raise  capital  in  the  future  should that become
necessary.

Future Financings
-----------------

We anticipate that if we pursue any additional financing, the financing would be
an  equity  financing  achieved  through the sale of our common stock. We do not
have  any  arrangement  in  place  for  any  debt or equity financing. If we are
successful  in  completing  an  equity  financing,  existing  shareholders  will
experience  dilution  of  their  interest  in  our  company. If we do not secure
additional  financing  in the future we may consider bringing in a joint venture
partner  to  provide  the required funding. We have not, however, undertaken any
efforts  to  locate  a  joint  venture  partner.  In addition, we cannot provide
investors  with  any  assurance  that  we will be able to locate a joint venture
partner to exploit our mineral resources.



                                       18
<PAGE>

Off Balance Sheet Arrangements
------------------------------

We  have  no  significant  off-balance  sheet  arrangements  that  have  or  are
reasonably likely to have a current or future effect on our financial condition,
changes  in  financial  condition,  revenues or expenses, results of operations,
liquidity,  capital  expenditures  or  capital  resources  that  is  material to
stockholders.

Significant Contingencies
-------------------------

Our financial statements have been prepared assuming we will continue as a going
concern.  Our  independent auditors have made reference to the substantial doubt
about  our ability to continue as a going concern in their report of independent
registered  public  accounting  firm on our audited financial statements for the
year  ended December 31, 2009. Our continuation is dependent upon the ability of
the Company to generate profitable operations in the future and/or to obtain the
necessary financing to meet its obligations and pay its liabilities arising from
normal  business  operations  when  they  come due. The outcome of these matters
cannot  be predicted with any certainty at this time and raise substantial doubt
that the Company will be able to continue as a going concern.

Plan of Operation

We have developed a new plan of operation for 2010. In addition to continuing to
seek  financing  to  develop  our  mineral properties in the Athabasca region of
Canada,  we  also  have developed a new line of business. The Company intends to
provide  management  and  business  development  consultation to emerging growth
companies  in a wide variety of fields including uranium mining, gold and silver
mining,  coal  mining,  clean coal technology, environmentally friendly resource
extraction,  green  energy  technologies as well as other businesses that may be
interested in the Company's services.

We  are  currently  actively  seeking  to  develop  this line of business and we
believe  that there is a good chance that the Company will develop revenues from
this  new  line  of business in 2010, though such revenues cannot be assured and
the Company has very limited visibility at this time to anticipate the extent of
any such revenues.

We  do  not  intend to conduct any significant mineral exploration activities on
our  properties  in  2010  unless we are able to obtain sufficient financing. We
continue  to seek geological advice and work on developing possible partnerships
for  the  development  of these properties. If we received funding, which is not
certain,   we   would   then   intend   to  conduct  over  the  next  12  months
helicopter-supported    property-scale   boulder   sampling   and   prospecting,
close-spaced ground geophysics and drilling on our mining properties. With these
two  projects, consisting of 3 mineral claims, in close proximity to each other,
we  believe  such operations can be conducted in a cost-efficient manner. We are
now  ready  to  commence  ground  geophysics  and drilling. Management wishes to
continue  negotiations started in 2008 with geophysical and drill contractors in
preparation   for   this   exploration.   Management  is  also  reviewing  other
opportunities  to  acquire  additional  property  in the region, both unexplored
properties and properties with varying amounts of previous exploration.

Vanguard Minerals Corporation's short-term prospects are challenging considering
our  lack  of  financial  resources  to fully develop our mineral properties and
considering  that  we  have  not  yet  derived any revenues from our new line of
business.  However,  should  we  be able to develop revenue from our new line of
business  or  secure  financing to develop our mineral properties, our prospects
might  improve considerably. If we do secure additional financing to continue to
exploit  our  mineral properties, revenue from the sale of mineral products from
our properties may still remain several years away.


                                       19
<PAGE>

Cash requirements

Our  current  cash requirements are very low. Our chief executive officer, James
Price  and  our  chief  financial  officer, Vladimir Fedyunin, continue to serve
without a salary. Mr. Price currently hosts our operations in his offices in San
Diego,  California without charge. Mr. Price has also been conducting activities
in  our  new  line  of  business  related to business development and management
consulting  at  minimal  expense to the Company. Nevertheless, without continued
infusions  of  cash from management or securing additional financing or revenues
from  our  new  line  of  business, we will not have enough cash to continue our
operations.

Research and development

We  would like to spend several hundred thousand dollars over the next 12 months
on  exploration and extraction related to our mineral properties. We would spend
significantly  more  money  that this developing those mineral properties at the
moment  that  our  full  scale  extraction  operation were to commence. However,
currently we do not have enough cash to make any such expenditures.

Plant and equipment

We  currently have offices in San Diego provided by our chief executive officer,
James Price, at no cost. We anticipate expanding our office within the next 6-12
months,  especially in our new line of business related to management consulting
and business development.

Employees

We  have  two  employees  currently, President and Chief Executive Officer James
Price   and   Chief  Financial  Officer,  Vladimir  Fedyunin.  We  have  several
consultants  engaged  in  our  mineral exploration activities, although none are
currently  active  due  to  our  lack  of  funding. We intend to hire additional
exploration and geological consultants over the next 120-180 days, if we receive
funding.  We  also  intend to hire additional staff to develop the Company's new
line  of  business related to management consulting and business development, as
revenues from that operation permit.

The  Company's executive offices are currently located in San Diego, California.
The company's telephone number is (858)525-5695.

ITEM 3.  Quantitative and Qualitative Disclosures About Market Risk

Foreign   Currency   and   Credit   Risk.   The   Company   has  no  significant
off-balance-sheet  concentrations  of  credit  risk  such  as  foreign  exchange
contracts,   options  contracts  or  other  foreign  hedging  arrangements.  The
Company's  reporting currency is the US Dollar. We do undertake drilling, mining
exploration  and  other expenses related to our Canadian mining properties which
must  be  paid  in  Canadian dollars and are subject to cost variations based in
currency rate fluctuations.

Fair  Value  of  Financial  Instruments.  The  carrying  value  of the Company's
financial  instruments,  including  prepaid expenses, related party receivables,
accounts payable and accrued liabilities at March 31, 2010 and 2009 approximates
their fair values due to the short-term nature of these financial instruments.


                                       20
<PAGE>

ITEM 4. CONTROLS AND PROCEDURES

(a) Evaluation of disclosure controls and procedures.

Under  the  supervision  and with the participation of our management, including
our principal executive officer and principal financial officer, we conducted an
evaluation  of  our  disclosure controls and procedures, as such term is defined
under  Rule  13a-15(e) promulgated under the Securities Exchange Act of 1934, as
amended  (the  Exchange  Act).  As  a  result  of this evaluation, we identified
material  weaknesses  in  our  internal  control  over financial reporting as of
December  31,  2009.  Accordingly, we concluded that our disclosure controls and
procedures were not effective as of December 31, 2009.

As  required  by  SEC Rule 15d-15(b), our Chief Executive Officer carried out an
evaluation  under  the supervision and with the participation of our management,
of  the effectiveness of the design and operation of our disclosure controls and
procedures  pursuant  to  Exchange  Act  Rule 15d-14 as of the end of the period
covered  by  this report. Based on the foregoing evaluation, our Chief Executive
Officer  has  concluded  that  our  disclosure  controls  and procedures are not
effective  in  timely  alerting  them  to  material  information  required to be
included  in our periodic SEC filings and to ensure that information required to
be  disclosed in our periodic SEC filings is accumulated and communicated to our
management,  including  our  Chief  Executive Officer, to allow timely decisions
regarding  required  disclosure  as  a  result of the deficiency in our internal
control over financial reporting discussed below.

The  material  weakness identified in our amended annual report on Form 10-K for
the  year  ended  December 31, 2009 was related to a lack of an accounting staff
resulting  in a lack of segregation of duties and accounting technical expertise
necessary for an effective system of internal control.

(b) Changes in internal control over financial reporting.

There  were  no  changes  in  our internal control over financial reporting that
occurred  during  the  period covered by this Quarterly Report on Form 10-Q that
have  materially  affected,  or  are reasonably likely to materially affect, our
internal control over financial reporting.


                                       21
<PAGE>

                          PART II - OTHER INFORMATION


Item 1. LEGAL PROCEEDINGS

We are not party to any legal proceedings.

Item 1A. RISK FACTORS.

There  are  certain additional risk factors that have been added to our business
in addition to those that appear on our report on Form 10K for the period ending
December 31, 2009. Those factors are listed below:

We are utterly dependent on our Chief Executive Officer, James Price.

As   our  current  cash  requirements,  office  space,  the  management  of  any
prospective  mineral  development  and  the development and execution of our new
line  of business in management consulting and business development services are
entirely  dependent  on  the  voluntary,  currently uncompensated efforts of our
Chief  Executive  Officer,  James  Price.  If  Mr. Price were to discontinue his
efforts  on  our  behalf  or  refuse  to continue to serve without compensation,
refuse  to  provide  us with additional cash or refuse to provide us with office
space without charge, we would fail.

We are under the control of our Chief Executive Officer, James Price

As  our  current  Chief Executive Officer, James Price, is our sole director and
controls  59.1% of our issued and outstanding stock. Mr. Price is therefore able
to  exert  nearly complete and total control of our business, affairs, potential
transactions,  sale  or  disposition  of  assets,  entering  into  contracts  or
acquisitions.   Mr.   Price  may  engage,  and  has  engaged,  in  related-party
transactions  with  the  Company  and  there  can  be  no  assurance  that these
transactions  will  be fair to us or our shareholders. Mr. Price, because he can
also  increase  our  authorized shares and cause our shares to be issued, may be
able to cause substantial dilution to our current shareholders without obtaining
their consent.

We  have  no  experience  at our new line of business, management consulting and
business development, and we could fail to derive any revenue therefrom

Our  company has no experience in management consulting or business development.
Although  our  Chief  Executive  Officer,  James  Price,  does have some limited
experience  in these areas, there can be no assurance that we will be successful
in this new line of business or ever derive any revenue there from.

Item 2. UNREGISTERED SALES OF SECURITIES AND USE OF PROCEEDS

None.

Item 3. DEFAULT UPON SENIOR SECURITIES

None.

Item 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

During  the  period, the registrant filed on form Pre-14C a notification that it
intended  to  seek  consent  of  its  shareholders  to  amend  its  articles  of
incorporation  to  change  its  name  and  to  increase the number of authorized
shares. However, this matter was not in fact submitted to the shareholders for a
vote during the period.

Item 5. OTHER INFORMATION

None.


                                       22
<PAGE>

Item 6.  EXHIBITS


Exhibits     Document Description


31.1     Certification   of  Chief  Executive  Officer  pursuant  to  18  U.S.C.
         Section 1350,  as  adopted  pursuant  to  Section 302 of the  Sarbanes-
         Oxley Act of 2002. Filed as an Exhibit to this Quarterly Report on Form
         10-Q.

31.2     Certification   of  Chief  Executive  Officer  pursuant  to  18  U.S.C.
         Section 1350,  as  adopted  pursuant  to  Section 302 of the  Sarbanes-
         Oxley Act of 2002. Filed as an Exhibit to this Quarterly Report on Form
         10-Q.

32.1     Certification  of  Chief  Executive  Officer   pursuant  to  18  U.S.C.
         Section 1350,  as  adopted  pursuant  to  Section  906 of the Sarbanes-
         Oxley Act of 2002. Filed as an Exhibit to this Quarterly Report on Form
         10-Q.

32.2     Certification  of  Chief  Executive  Officer   pursuant  to  18  U.S.C.
         Section 1350,  as  adopted  pursuant  to  Section  906 of the Sarbanes-
         Oxley Act of 2002. Filed as an Exhibit to this Quarterly Report on Form
         10-Q.


                                       23
<PAGE>

                                   SIGNATURES

Pursuant  to  the  requirements  of  the  Securities  Exchange  Act of 1934, the
registrant  has  duly  caused  this  report  to  be  signed on its behalf by the
undersigned thereunto duly authorized.

                                  Vanguard Minerals Corporation




DATE: May 17, 2010                /s/ James Price
                                  -------------------------
                                  James Price
                                  President and CEO

                                  By: /s/ Vladimir Fedyunin
                                  -------------------------
                                  Vladimir Fedyunin
                                  Principal Financial and
                                  Accounting Officer







                                       24


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