TABLE OF CONTENTS



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|PART I.   |                                                                                                      |  |  |     
|          | Item     1.     Description of Business                                                              |  |  | 3    | 
|          | Item     2.     Description of Property                                                              |  |  | 6    | 
|          | Item     3.     Legal Proceedings                                                                    |  |  | 6    | 
|          | Item     4.     Submission of Matters to a Vote of Security Holders                                  |  |  | 6    | 
|PART II.  |                                                                                                      |  |  |     
|          | Item     5.     Market for Common Equity and Related Stockholder Matters                             |  |  | 6    | 
|          | Item     6.     Managements's Plan of Operation                                                      |  |  | 7    | 
|          | Item     7.     Financial Statements                                                                 |  |  | 12   | 
|          | Item     8.     Changes in and Disagreements with Accountants on Accounting and Financial Disclosure |  |  | 13   | 
|          | Item     8A.     Controls and Procedures                                                             |  |  | 13   | 
|          | Item     8B.     Other Information                                                                   |  |  | 13   | 
|PART III. |                                                                                                      |  |  |     
|          | Item     9.     Directors and Executive Officer                                                      |  |  | 13   | 
|          | Item     10.     Executive Compensation                                                              |  |  | 15   | 
|          | Item     11.     Security Ownership of Certain Beneficial Owners and Management                      |  |  | 15   | 
|          | Item     12.     Certain Relationships and Related Transactions                                      |  |  | 15   | 
|          | Item     13.     Exhibits                                                                            |  |  | 16   | 
|          | Item     14.     Principal Accountant Fees and Services                                              |  |  | 16   | 
|          | SIGNATURES                                                                                           |  |  | 17   | 
|          |                                                                                                      |  |  |     

INDEX

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|                                             | 
|Independent Auditors' Report                 | 
|                                             | 
|Balance Sheets                               | 
|                                             | 
|Statements of Operations                     | 
|                                             | 
|Statements of Stockholders' Equity (Deficit) | 
|                                             | 
|Statements of Cash Flows                     | 
|                                             | 
|Notes to Financial Statements                | 

### INDEX TO EXHIBITS

|Exhibit No. | Page No. | Description                                                                                                                                                                                                                      
|----------- | -------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|3(i)(a)     | *        | Articles of Incorporation of the Company, formally known as Aswan Investments, Inc. (incorporated herein
 by reference from Exhibit No. 3(i) of the Company's Form 10-SB as filed with the SEC on February 3,
 2000)             
|3(i)(b)     | *        | Amendment to Articles of Incorporation filed with the State of Nevada on August 5, 2002 (incorporated
 herein by reference from Exhibit No. 3(i)(b) of the Company's Form 8-K as filed with the SEC on August
 15, 2002).        
|3(i)(c)     | *        | Amendment to Articles of Incorporation filed with the State of Nevada on October 12, 2004 (incorporated herein by reference from Exhibit No. 3(i)(c) of the Company's Form 10-QSB filed with the SEC on November 8, 2004).       
|3(ii)       | *        | By-laws of the Company adopted on December 10, 1999 formally known as Aswan Investments, Inc. (incorporated
 herein by reference from Exhibit No. 3(i) of the Company's Form 10-SB as filed with the SEC on February
 3, 2000).  
|10(i)       | *        | Option Purchase Agreement between the Company and Monument Resources, Inc. dated July 19, 2002 (incorporated
 herein by reference from Exhibit No. 10(i) of the Company's Form 10-QSB/A filed with the SEC on November
 8, 2002).
|14          | *        | Code of Ethics adopted April 14, 2004 (incorporated herein by reference from Exhibit 14 of the Company's
 Form 10KSB/A filed with the SEC on April 16, 2004).                                                                    
|23(i)       | *        | Consent of Joseph Anzman, Registered Geophysicist dated November 23, 2002 (incorporated herein by reference
 from Exhibit 23(i) of the Company's Form SB-2/A-2 filed with the SEC on November 29, 2002).                         
|31          | Attached | Certification of the Chief Executive Officer and Chief Financial Officer pursuant to Rule 13a-14 of the
 Securities and Exchange Act of 1934 as amended, as adopted pursuant to Section 302 of the Sarbanes-Oxley
 Act of 200    
|32          | Attached | Certification of the Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section
 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002                                                

* Incorporated by reference from previous filings of the Company.