U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549



FORM 10-K



ANNUAL REPORT PURSUANT TO SECTION 13
OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934



For the fiscal year ended March 31, 2004



Commission file number: 000-24493



|MISSION MINING COMPANY                             
|---------------------------------------------------
|(Exact name of Company as specified in its charter)



|Wyoming (formerly Nevada) |  | 39-2079723                          
|------------------------- |  | ------------------------------------
|(State of incorporation)  |  | (I.R.S. Employer Identification No.)



38 South Blue Angel Pkwy, Suite 169,
Pensacola, FL 32506

(Address of principal executive offices)



(888) 459-4889

(Company’s telephone number, including
area code)



Cambridge Energy Corporation

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



Securities registered pursuant to Section 12(b)
of the Exchange Act:

None



Securities registered pursuant to Section 12(g)
of the Exchange Act:

None



Indicate by check mark if the Company is
a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐ No☒



Indicate by check mark if the Company is
not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐ No ☒



Indicate by check mark whether the issuer
(1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the preceding 12 months (or for such
shorter period that the Company was required to file such reports), and (2) has been subject to such filing requirements for
the past 90 days. Yes ☒ No ☐



Indicate by check mark whether the Company
has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted
and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such
shorter period that the Company was required to submit and post such files). Yes ☐ No ☒



Indicate by check mark if disclosure of
delinquent filers pursuant to Item 405 of Regulation S-K (§229.405 of this chapter) is not contained herein, and will not
be contained, to the best of Company’s knowledge, in definitive proxy or information statements incorporated by reference
in Part III of this Form 10-K or any amendment to this Form 10-K. ☐



Indicate by check mark whether the Company
is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definitions of
“large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2
of the Exchange Act. (Check one):



|Large accelerated filer | ☐                       | Accelerated filer         | ☐
|----------------------- | ----------------------- | ------------------------- | -
|Non-accelerated filer   | ☐                       | Smaller reporting company | ☒
|                        | Emerging growth company | ☐                        



If an emerging growth company, indicate
by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act ☐



Indicate by check mark whether the Company
is a shell company (as defined in Rule 12b-2 of the Act). Yes ☒ No ☐



The aggregate market value of voting stock
held by non-affiliates of the Company as of the last business day of the Company’s most recently complete second fiscal quarter
was $188,999.50 (computed by reference to the closing price of a share of the Company’s common stock on that date as reported).



As of April 30, 2020, 39,986,974 shares
of the issuer’s common stock were issued and outstanding.



Documents Incorporated By Reference: None
















TABLE OF CONTENTS



|           |                                                                                                           |    | Page
|---------- | --------------------------------------------------------------------------------------------------------- | -- | ----
|PART I     |                                                                                                           |    |     
|Item 1     | Business                                                                                                  |    | 1   
|Item 1A    | Risk Factors                                                                                              |    | 6   
|Item IB    | Unresolved Staff Comments                                                                                 |    | 6   
|Item 2     | Properties                                                                                                |    | 6   
|Item 3     | Legal Proceedings                                                                                         |    | 6   
|Item 4     | Mine Safety Disclosures                                                                                   |    | 6   
|           |                                                                                                           |    |     
|PART II    |                                                                                                           |    |     
|Item 5     | Market for Company’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities |    | 7   
|Item 6     | Selected Financial Data                                                                                   |    | 8   
|Item 7     | Management’s Discussion and Analysis of Financial Condition and Results of Operations                     |    | 8   
|Item 7A    | Quantitative and Qualitative Disclosures About Market Risk                                                |    | 10  
|Item 8     | Financial Statements                                                                                      |    | F-1 
|Item 9     | Changes in and Disagreements With Accountants on Accounting and Financial Disclosure                      |    | 14  
|Item 9A    | Controls and Procedures                                                                                   |    | 14  
|Item 9B    | Other Information                                                                                         |    | 15  
|           |                                                                                                           |    |     
|PART III   |                                                                                                           |    |     
|Item 10    | Directors, Executive Officers and Corporate Governance                                                    |    | 16  
|Item 11    | Executive Compensation                                                                                    |    | 17  
|Item 12    | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters            |    | 18  
|Item 13    | Certain Relationships and Related Transactions, and Director Independence                                 |    | 19  
|Item 14    | Principal Accounting Fees and Services                                                                    |    | 19  
|           |                                                                                                           |    |     
|PART IV    |                                                                                                           |    |     
|Item 15    | Exhibits and Financial Statement Schedules                                                                |    | 20  
|           |                                                                                                           |    |     
|SIGNATURES |                                                                                                           | 21



i







PART I



Item 1. Business.



As used in this Annual Report on Form 10-K
(this “Report”), references to the “Company,” the “Company,” “we,” “our”
or “us” refer to Mission Mining Company f/k/a Cambridge Energy Corporation, unless the context otherwise indicates.



Forward-Looking Statements



Certain statements contained in this report,
including statements regarding our business, financial condition, our intent, belief or current expectations, primarily with respect
to the future operating performance of the Company and other statements contained herein regarding matters that are not historical
facts, are “forward-looking” statements. You can identify forward-looking statements by those that are not historical
in nature, particularly those that use terminology such as “may,” “will,” “should,” “expects,”
“anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,”
“predicts,” “potential,” or “continue” or the negative of these similar terms. Future filings
with the Securities and Exchange Commission, future press releases and future oral or written statements made by us or with our
approval, which are not statements of historical fact, may contain forward-looking statements. Because such statements include
risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.



All forward-looking statements speak only
as of the date on which they are made. We undertake no obligation to update such statements to reflect events that occur or circumstances
that exist after the date on which they are made, except as required by federal securities and any other applicable law.



Overview



The Company was incorporated under the
laws of the State of Nevada on April 9, 1996 as Cambridge Energy Corporation. At inception the Company’s Articles of Incorporation
Authorized 2,000,000 Common Shares at $.001 Par Value, and 100,000 Preferred Shares at $.001 Par Value. In June 1997, the Board
of Directors approved an amendment to the Company’s Articles of Incorporation increasing the authorized Common Shares of the Company
from 2,000,000 to 50,000,000, and increasing the number of authorized Preferred Shares from 100,000 to 25,000,000. At that time
the Board also changed the Par Value of each class of stock from $.001 to $.0001 per share. The amended Articles were filed with
the State of Nevada on July 7, 1997. The Company then undertook a Private Placement of 1,935,000 of its Common Shares to raise
capital for the execution of its business plan. In November 1997, the Company began trading its Common Shares on the OTC Bulletin
Board under symbol CNGG.



The Company acquired and
managed the development and operation of oil and gas properties with proven reserves until 2003. During 2003 the Company, due to
industry conditions for drilling capital, began the disposal of all of its under-performing oil and gas assets. Management began
to focus its efforts and resources on opportunities in the environmental industry, with a specific focus on opportunities related
to the oil and gas industry. The Company is an independent oil and gas company engaged in the exploration and development of domestic
oil and gas properties. It had previously owned oil and gas properties in Louisiana, Texas and Indonesia. Through March 2000, the
Company also manufactured certain wellhead control devices. As of March 31, 2003, the Company ceased active operations.



On April 15, 2009 the Company
entered an agreement to acquire all of the assets of EnviroXtract, Inc. The Company plans to utilize its technologies to perform
environmental remediation applications for oil spills and other hazardous chemical remediation applications. The Company has completed
the disposal of interests in wells and discontinued all its oil and gas operations.



On October 17, 2012 the
Company acquired 100% ownership in the Gold Star Mine, a major gold and silver mining property in western Nevada. November 19,
2012, the Company changed its name to Mission Mining Company and altered it business strategy to focus entirely on the acquisition
and development of large US gold and silver mining properties.





1







In July 2009, the Company’s
Articles of Incorporation were amended to increase the authorized Common shares of the Company from 50,000,000 to 1,000,000,000
and increase the number of authorized Preferred shares from 25,000,000 to 500,000,000. At that time the Company also changed its
name to EnviroXtract, Inc.



In March 2010, the Company
amended its Articles of Incorporation to increase the authorized Common shares of the Company from 1,000,000,000 to 100,000,000,000.
The Company was domesticated in Wyoming on August 23, 2010. On June 8, 2011, the Company decreased the authorized common shares
to 50,000,000,000.



On November 19, 2012, the
Company changed its name to Mission Mining Company. On December 31, 2012, the Company amended its Articles of Incorporation to
decrease the authorized Common shares from 50,000,000,000 to 750,000,000 and increase the par value from $.0000001 to $.001.



The Company operates on a fiscal
year-end date of December 31.



On December 4, 2019, the first judicial
District Court of Nevada appointed Ben Berry as custodian for the Company, proper notice having been given to the officers and
directors of the Company. There was no opposition.



On May 12, 2020, the Company filed a certificate
of reinstatement with the state of Wyoming, and appointed Ben Berry as, President, Secretary, Treasurer and Director.



Following a change of control on May 26,
2020, Ben Berry appointed the following directors: Kalyan Pathuri, President; Amit Jain, Treasurer; Naveen Doki, Secretary.



All of the above are considered, and shall
be treated as, a promoter for the Company.



Business Objectives of the Company



Since the custodial proceedings, the Company
had no business operations. Management has determined to direct its efforts and limited resources to pursue potential new business
opportunities. The Company does not intend to limit itself to a particular industry and has not established any particular criteria
upon which it shall consider a business opportunity.



The Company’s common stock is subject
to quotation on the OTC Pink Sheets under the symbol MSIM. There is currently only a limited trading market in the Company’s
shares nor do we believe that any active trading market has existed for approximately the last 5 years. There can be no assurance
that there will be an active trading market for our securities following the effective date of this registration statement under
the Exchange Act. In the event that an active trading market commences, there can be no assurance as to the market price of our
shares of common stock, whether any trading market will provide liquidity to investors, or whether any trading market will be sustained.



Management of the Company (“Management”)
would have substantial flexibility in identifying and selecting a prospective new business opportunity. The Company is dependent
on the judgment of its Management in connection with this process. In evaluating a prospective business opportunity, we would consider,
among other factors, the following:



|● | costs associated with pursuing a new business opportunity;                                                            
|- | ----------------------------------------------------------------------------------------------------------------------
|● | growth potential of the new business opportunity;                                                                     
|● | experiences, skills and availability of additional personnel necessary to pursue a potential new business opportunity;
|● | necessary capital requirements;                                                                                       
|● | the competitive position of the new business opportunity;                                                             
|● | stage of business development;                                                                                        
|● | the market acceptance of the potential products and services;                                                         
|● | proprietary features and degree of intellectual property; and                                                         
|● | the regulatory environment that may be applicable to any prospective business opportunity.                            





2







The foregoing criteria are not intended
to be exhaustive and there may be other criteria that Management may deem relevant. In connection with an evaluation of a prospective
or potential business opportunity, Management may be expected to conduct a due diligence review.



The time and costs required to pursue new
business opportunities, which includes negotiating and documenting relevant agreements and preparing requisite documents for filing
pursuant to applicable securities laws, can not be ascertained with any degree of certainty.



Management intends to devote such time
as it deems necessary to carry out the Company’s affairs. The exact length of time required for the pursuit of any new potential
business opportunities is uncertain. No assurance can be made that we will be successful in our efforts. We cannot project the
amount of time that our Management will actually devote to the Company’s plan of operation.



The Company intends to conduct its activities
so as to avoid being classified as an “Investment Company” under the Investment Company Act of 1940, and therefore
avoid application of the costly and restrictive registration and other provisions of the Investment Company Act of 1940 and the
regulations promulgated thereunder.



Company is a Blank Check Company



At present, the Company is a development
stage company with no revenues, no assets and no specific business plan or purpose. The Company’s business plan is to seek
new business opportunities or to engage in a merger or acquisition with an unidentified company. As a result, the Company is a
“blank check company” and, as a result, any offerings of the Company’s securities under the Securities Act of
1933, as amended (the “Securities Act”) must comply with Rule 419 promulgated by the Securities and Exchange Commission
(the “SEC”) under the Act. The Company’s Common Stock is a “penny stock,” as defined in Rule 3a51-1
promulgated by the SEC under the Securities Exchange Act. The Penny Stock rules require a broker-dealer, prior to a transaction
in penny stock not otherwise exempt from the rules, to deliver a standardized risk disclosure document that provides information
about Penny Stocks and the nature and level of risks in the penny stock market.



The broker-dealer also must provide the
customer with current bid and offer quotations for the penny stock, the compensation of the broker-dealer and its sales person
in the transaction, and monthly account statements showing the market value of each Penny Stock held in the customer’s account.
In addition, the Penny Stock rules require that the broker-dealer, not otherwise exempt from such rules, must make a special written
determination that the Penny Stock is suitable for the purchaser and receive the purchaser’s written agreement to the transaction.
These disclosure rules have the effect of reducing the level of trading activity in the secondary market for a stock that becomes
subject to the Penny Stock rules. So long as the common stock of the Company is subject to the Penny Stock rules, it may be more
difficult to sell the Company’s common stock.



We are a “Shell Company,” as
defined in Rule 405 promulgated by the SEC under the Securities Act. A Shell Company is one that has no or nominal operations and
either: (i) no or nominal assets; or (ii) assets consisting primarily of cash or cash equivalents. As a Shell Company, we are restricted
in our use of Registrations on Form S-8 under the Securities Act; the lack of availability of the use of Rule 144 by security holders;
and the lack of liquidity in our stock.



Form S-8



Shell companies are prohibited from using
Form S-8 to register securities under the Securities Act. If a company ceases to be a Shell Company, it may use Form S-8 sixty
calendar days, provided it has filed all reports and other materials required to be filed under the Exchange Act during the preceding
12 months (or for such shorter period that it has been required to file such reports and materials after the company files “Form
10 information,” which is information that a company would be required to file in a registration statement on Form 10 if
it were registering a class of securities under Section 12 of the Exchange Act. This information would normally be reported on
a current report on Form 8-K reporting the completion of a transaction that caused the company to cease being a Shell Company.





3







Unavailability of Rule 144 for Resale



Rule 144(i) “Unavailability to Securities
of Issuers With No or Nominal Operations and No or Nominal Non-Cash Assets” provides that Rule 144 is not available for the
resale of securities initially issued by an issuer that is a Shell Company. We have identified our company as a Shell Company and,
therefore, the holders of our securities may not rely on Rule 144 to have the restriction removed from their securities without
registration or until the Company is no longer identified as a Shell Company and has filed all requisite periodic reports under
the Exchange Act for the period of twelve (12) months.



As a result of our classification as a
Shell Company, our investors are not allowed to rely on the “safe harbor” provisions of Rule 144, promulgated pursuant
to the Securities Act, so as not to be considered underwriters in connection with the sale of our securities until one year from
the date that we cease to be a Shell Company. This will likely make it more difficult for us to attract additional capital through
subsequent unregistered offerings because purchasers of securities in such unregistered offerings will not be able to resell their
securities in reliance on Rule 144, a safe harbor on which holders of restricted securities usually rely to resell securities.



Very Limited Liquidity of our Common
Stock



Our common stock occasionally trades on
the OTC Pink Sheet Market, as there is no active market maker in our common stock. As a result, there is only limited liquidity
in our common stock.



We will be deemed a blank check company
under Rule 419 of the Securities Act



The provisions of Rule 419 apply to registration
statements filed under the Securities Act by a blank check company, such as the Company. Rule 419 requires that a blank check company
filing a registration statement deposit the securities being offered and proceeds of the offering into an escrow or trust account
pending the execution of an agreement for an acquisition or merger. While we are not currently registering shares for an offering,
we may do so in the future.



In addition, an issuer is required to file
a post-effective amendment to a registration statement upon the execution of an agreement for an acquisition or merger. The rule
provides procedures for the release of the offering funds, if any, in conjunction with the post effective acquisition or merger.
The obligations to file post-effective amendments are in addition to the obligations to file Forms 8-K to report for both the entry
into a material definitive (non-ordinary course of business) agreement and the completion of the transaction. Rule 419 applies
to both primary and re-sale or secondary offerings.



Within five (5) days of filing a post-effective
amendment setting forth the proposed terms of an acquisition, the Company must notify each investor whose shares are in escrow,
if any. Each such investor then has no fewer than 20 and no greater than 45 business days to notify the Company in writing if they
elect to remain an investor. A failure to reply indicates that the person has elected to not remain an investor. As all investors
are allotted this second opportunity to determine to remain an investor, acquisition agreements should be conditioned upon enough
funds remaining in escrow to close the transaction.



Effecting a business combination



Prospective investors in the Company’s
common stock will not have an opportunity to evaluate the specific merits or risks of any of the one or more business combinations
that we may undertake A business combination may involve the acquisition of, or merger with, a company which needs to raise substantial
additional capital by means of being a publicly trading company, while avoiding what it may deem to be adverse consequences of
undertaking a public offering itself. These include time delays, significant expense, loss of voting control and compliance with
various Federal and State securities laws. A business combination may involve a company which may be financially unstable or in
its early stages of development or growth.





4







The Company has not identified a target
business or target industry



The Company’s effort in identifying
a prospective target business will not be limited to a particular industry and the Company may ultimately acquire a business in
any industry Management deems appropriate. To date, the Company has not selected any target business on which to concentrate our
search for a business combination. While the Company intends to focus on target businesses in the United States, it is not limited
to U.S. entities and may consummate a business combination with a target business outside of the United States. Accordingly, there
is no basis for investors in the Company’s common stock to evaluate the possible merits or risks of the target business or
the particular industry in which we may ultimately operate. To the extent we effect a business combination with a financially unstable
company or an entity in its early stage of development or growth, including entities without established records of sales or earnings,
we may be affected by numerous risks inherent in the business and operations of financially unstable and early stage or potential
emerging growth companies. In addition, to the extent that we effect a business combination with an entity in an industry characterized
by a high level of risk, we may be affected by the currently unascertainable risks of that industry. An extremely high level of
risk frequently characterizes many industries which experience rapid growth. In addition, although the Company’s Management
will endeavor to evaluate the risks inherent in a particular industry or target business, we cannot assure you that we will properly
ascertain or assess all significant risk factors.



Sources of target businesses



Our Management anticipates that target
business candidates will be brought to our attention from various unaffiliated sources, including securities broker-dealers, investment
bankers, venture capitalists, bankers and other members of the financial community, who may present solicited or unsolicited proposals.
Our Management may also bring to our attention target business candidates. While we do not presently anticipate engaging the services
of professional firms that specialize in business acquisitions on any formal basis, we may engage these firms in the future, in
which event we may pay a finder’s fee or other compensation in connection with a business combination. In no event, however,
will we pay Management any finder’s fee or other compensation for services rendered to us prior to or in connection with
the consummation of a business combination.



Probable lack of business diversification



While we may seek to effect business combinations
with more than one target business, it is more probable that we will only have the ability to effect a single business combination,
if at all. Accordingly, the prospects for our success may be entirely dependent upon the future performance of a single business.
Unlike other entities which may have the resources to complete several business combinations with entities operating in multiple
industries or multiple areas of a single industry, it is probable that we will lack the resources to diversify our operations or
benefit from the possible spreading of risks or offsetting of losses. By consummating a business combination with only a single
entity, our lack of diversification may:



|● | subject us to numerous economic, competitive and regulatory developments, any or all of which may have a substantial adverse impact upon the particular industry in which we may operate subsequent to a business combination, and
|- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|● | result in our dependency upon the development or market acceptance of a single or limited number of products, processes or services.                                                                                              



Limited ability to evaluate the target
business’ Management



We cannot assure you that our assessment
of the target business’ Management will prove to be correct. In addition, we cannot assure you that the future Management
will have the necessary skills, qualifications or abilities to man



age a public company intending to embark
on a program of business development. Furthermore, the future role of our director, if any, in the target business cannot presently
be stated with any certainty.



While it is possible that our director
will remain associated in some capacity with us following a business combination, it is unlikely that he will devote his full efforts
to our affairs subsequent to a business combination. Moreover, we cannot assure you that our director will have significant experience
or knowledge relating to the operations of the particular target business.





5







Following a business combination, we
may seek to recruit additional managers to supplement the incumbent Management of the target business. We cannot assure you
that we will have the ability to recruit additional managers, or that additional managers will have the requisite skills,
knowledge or experience necessary to enhance the incumbent Management.



Our auditors have expressed substantial
doubt about our ability to continue as a going concern



Our audited financial statements for the
years ended March 31, 2003 and 2003, were prepared using the assumption that we will continue our operations as a going concern.
Our independent accountants in their audit report have expressed substantial doubt about our ability to continue as a going concern.
Our operations are dependent on our ability to raise sufficient capital or complete business combination as a result of which we
become profitable. Our financial statements do not include any adjustments that may result from the outcome of this uncertainty.
There is not enough cash on hand to fund our administrative expenses and operating expenses for the next twelve months. Therefore,
we may be unable to continue operations in the future as a going concern. If we cannot continue as a viable entity, our stockholders
may lose some or all of their investment in the Company’s shares of common stock.



Competition



In identifying, evaluating and selecting
a target business, we expect to encounter intense competition from other entities having a business objective similar to ours.
Many of these entities are well established and have extensive experience identifying and effecting business combinations, either
directly or through affiliates. Many if not virtually most of these competitors possess far greater financial, human and other
resources compared to our resources. While we believe that there are numerous potential target businesses that we may identify,
our ability to compete in acquiring certain of the more desirable target businesses will be limited by our limited financial and
human resources. Our inherent competitive limitations are expected by Management to give others an advantage in pursuing the acquisition
of a target business that we may identify and seek to pursue. Further, any of these limitations may place us at a competitive disadvantage
in successfully negotiating a business combination. Our Management believes, however, that our status as a reporting public entity
with potential access to the United States public equity markets may give us a competitive advantage over certain privately-held
entities having a similar business objective in acquiring a desirable target business with growth potential on favorable terms.



If we succeed in effecting a business combination,
there will be, in all likelihood, intense competition from existing competitors of the business we acquire. In particular, certain
industries which experience rapid growth frequently attract an increasingly larger number of competitors, including those with
far greater financial, marketing, technical and other resources than the initial competitors in the industry in which we seek to
operate. The degree of competition characterizing the industry of any prospective target business cannot presently be ascertained.
We cannot assure you that, subsequent to a business combination, we will have the resources to compete effectively, especially
to the extent that the target business is in a high-growth industry.



Item 1A. Risk Factors



Smaller reporting companies are not required
to provide the information required by this Item 1A.



Item 1B. Unresolved Staff Comments



None



Item 2. Properties



The Company has no property.



Item 3. Legal Proceedings



There are no pending legal proceedings
to which the Company is a party or in which any director, officer or affiliate of the Company, any owner of record or beneficially
of more than 5% of any class of voting securities of the Company, or security holder is a party adverse to the Company or has a
material interest adverse to the Company. The Company’s property is not the subject of any pending legal proceedings.



Item 4. Mine Safety Disclosures



Not applicable.





6







PART II



Item 5. Market for Company’s Common
Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.



Market Information



The Company’s common stock is listed on
the OTC Bulletin Board of the NASD, and began trading on November 24, 1997. The high and low bid prices at quarter ending through
March 31, 2003, are as follows:



The last reported sales price of our common
stock on the OTCMarkets on May 28, 2020, was $0.175.



Quarter Ending:



|                   |  | Bid  |     
|------------------ |  | ---- | ----
|                   |  | High |     
|June 30, 2002      |  | $    | 0.02
|September 30, 2002 |  | $    | 0.02
|December 31, 2002  |  | $    | 0.02
|March 31, 2003     |  | $    | 0.02
|June 30, 2003      |  | $    | 0.02
|September 30, 2003 |  | $    | 0.02
|December 31, 2003  |  | $    | 0.02
|March 31, 2004     |  | $    | 0.02



Dividend Policy



We have not declared or paid dividends
on our common stock since our formation, and we do not anticipate paying dividends in the foreseeable future. Declaration or payment of dividends,
if any, in the future, will be at the discretion of our Board of Directors and will depend
on our then current financial condition, results of operations, capital requirements and other factors deemed relevant
by the Board of Directors. There are no contractual restrictions on our ability to declare or pay dividends.



Holders



As of December 10, 2019, there were 39,986,975
shares of common stock issued and outstanding, which were held by approximately 241 stockholders of record.



Equity Compensation Plans



We do not have any equity compensation
plans.



Recent Sales of Unregistered Securities;
Use of Proceeds from Registered Securities



None.



Purchases of Equity Securities by the
Small Business Issuer and Affiliated Purchasers



None.





7







Item 6. Selected Financial Data.



Smaller reporting companies are not required
to provide the information required by this Item 6.



Item 7. Management’s
Discussion and Analysis of Financial Condition and Results of Operations.



The following discussion should
be read in conjunction with the Company’s consolidated financial statements, which are included elsewhere in this Form 10-K.



Results of Operations



For the year ended March 31, 2004
compared to the year ended March 31, 2003



Revenue



For the year ended March 31, 2004, the
Company generated $0 in revenues. For the year ended March 31, 2003, the Company generated $1,493 in revenues.



Expenses



For the year ended March 31, 2004, we incurred
operating expenses in the amount of $11,000. For the year ended March 31, 2003, we incurred operating expenses of $191,292.



Net Loss



The company recorded a net operating loss
of $47,000 for the twelve-month period ended March 31, 2004 compared to a loss for the same period in 2003 of $491,095. General
and Administration expenses decreased to $11,000 from $191,292.



Liquidity



As of March 31, 2004, the Company has no
business operations and no cash resources other than that provided by Management. We are dependent upon interim funding provided
by Management or an affiliated party to pay professional fees and expenses. Our Management and an affiliated party have agreed
to provide funding as may be required to pay for accounting fees and other administrative expenses of the Company until the Company
enters into a business combination. The Company would be unable to continue as a going concern without interim financing provided
by Management. As of March 31, 2004, we had $0 in cash. As of March 31, 2003, we had $0 in cash.



If we require additional financing, we
cannot predict whether equity or debt financing will become available at terms acceptable to us, if at all. The Company depends
upon services provided by Management and an affiliated party to fulfill its filing obligations under the Exchange Act. At present,
the Company has no financial resources to pay for such services.



On March 31, 2004 and March 31, 2003 we
have had $0 in current assets and $0 in current assets, respectively. As of March 31, 2004, we had $0 in liabilities. As of March
31, 2003, we had $0 in liabilities.



We had no cash flow from operations during
the year ended March 31, 2004.



The Company has only limited capital. Additional
financing is necessary for the Company to continue as a going concern. Our independent auditors have unqualified audit opinion
for the years ended March 31, 2004 and 2003 with an explanatory paragraph on going concern.





8







Off-Balance Sheet Arrangements



As of March 31, 2004 and 2003, we did not
have any off-balance sheet arrangements as defined in Item 303(a)(4)(ii) of Regulation S-K promulgated under the Securities
Act of 1934.



Contractual Obligations and Commitments



As of March 31, 2004 and 2003, we did not
have any contractual obligations.



Critical Accounting Policies



Our significant accounting policies are
described in the notes to our financial statements for the year ended March 31, 2004 and 2003, and are included elsewhere in this
registration statement.



Going Concern



The Company’s consolidated financial statements
have been presented on a going concern basis which contemplates the realization of assets and the satisfaction of liabilities in
the normal course of business. As more fully described below, the liquidity of the Company has been adversely affected by significant
losses from operations. The Company reported net losses of $47,000 and $491,095 for the years ended March 31, 2004 and 2003, respectively.
As of March 31, 2004, the Company had written-off all its assets and had a working capital deficit and stockholders’ deficit of
$4,373,546. These conditions raise substantial doubt about the Company’s ability to continue as a going concern without additional
capital contributions. Management’s immediate plans are to restructure the Company’s existing obligations and attempt to raise
additional capital and to acquire income producing oil and gas properties.



Due to the uncertainty of our ability to
meet our current operating expenses and the capital expenses noted above in their report on the financial statements for the year
ended March 31, 2004, our independent auditors included an explanatory paragraph regarding concerns about our ability to continue
as a going concern. Our financial statements contain additional note disclosures describing the circumstances that lead to this
disclosure by our independent auditors.



The continuation of our business is dependent
upon us raising additional financial support. The issuance of additional equity securities by us could result in a significant
dilution in the equity interests of our current stockholders. Obtaining commercial loans, assuming those loans would be available,
will increase our liabilities and future cash commitments.



Critical Accounting Policies



The financial statements and the related
notes of our company are prepared in accordance with generally accepted accounting principles in the United States and are expressed
in US dollars.



Use of Estimates



The preparation of financial statements
in conformity with United States generally accepted accounting principles 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 reporting period. The Company regularly evaluates
estimates and assumptions related to deferred income tax asset valuation allowances. The Company bases its estimates and assumptions
on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the
results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs
and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially
and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual
results, future results of operations will be affected.





9







Recent Accounting Pronouncements



The Company has implemented
all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there
are any other new pronouncements that have been issued that might have a material impact on its financial position or results of
operations.



In May 2003, the Financial Accounting
Standards Board issued Statement of Financial Accounting Standards No. 150, “Accounting for Certain Financial Instruments
with Characteristics of Both Liabilities and Equity” (hereinafter “SFAS No. 150”). SFAS No. 150 establishes standards
for classifying and measuring certain financial instruments with characteristics of both liabilities and equity and requires that
those instruments be classified as liabilities in statements of financial position. Previously, many of those instruments were
classified as equity. SFAS No. 150 is effective for financial instruments entered into or modified after May 31, 2003 and otherwise
is effective at the beginning of the first interim period beginning after June 15, 2003. The Company has not yet determined the
impact of the adoption of this statement.



In April 2003, the Financial
Accounting Standards Board issued Statement of Financial Accounting Standards No. 149, “Amendment of Statement 133 on Derivative
Instruments and Hedging Activities” (hereinafter “SFAS No. 149”). SFAS No. 149 amends and clarifies the accounting
for derivative instruments, including certain derivative instruments embedded in other contracts, and for hedging activities under
SFAS No. 133, “Accounting for Derivative Instruments and Hedging Activities”. This statement is effective for contracts
entered into or modified after June 30, 2003 and for hedging relationships designated after June 30, 2003. The adoption of SFAS
No. 149 is not expected to have a material impact on the financial position or results of operations of the Company.



In January 2003, the Financial
Accounting Standards Board issued FASB Interpretation No. 46 “Consolidation of Variable Interest Entities, an Interpretation
of ARB No. 51” (hereinafter “FIN 46”). FIN 46 requires certain variable interest entities to be consolidated by
the primary beneficiary of the entity if the equity investors in the entity do not have the characteristics of a controlling financial
interest or do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial
support from other parties. FIN 46 is effective for all new variable interest entities created or acquired after January 31, 2003.
The provisions of FIN 46 must be applied for the first interim or annual period beginning after June 15, 2003. The Company does
not have any entities that require disclosure or new consolidation as a result of adopting the provisions of FIN 46.



In December 2002, the FASB issued
SFAS No. 148, “Accounting for Stock-Based Compensation - Transition and Disclosure,” (“SFAS No. 148”). SFAS
148 amends SFAS No. 123, “Accounting for Stock-Based Compensation,” to provide alternative methods of transition for
an entity that voluntarily changes to the fair value based method of accounting for stock-based employee compensation. In addition,
it also amends the disclosure provisions of SFAS 123 to require prominent disclosure about the effects on reported results of an
entity’s accounting policy decisions with respect to stock-based employee compensation. The provisions of the statement are effective
for financial statements for fiscal years ending after December 15, 2002. Prior to the issuance of SFAS No. 148, the Company adopted
the fair value based method of accounting for stock-based employee compensation. Thus, the Company’s financial reporting will not
be significantly effected by SFAS 148.



In June 2002, the FASB issued
SFAS No. 146, “Accounting for Exit or Disposal Activities.” This statement addresses the recognition, measurement, and
reporting of costs associated with exit and disposal activities. SFAS No. 146 is applicable to restructuring activities and costs
related to terminating a contract that is not a capital lease and one-time benefit arrangements received by employees who are involuntarily
terminated. SFAS No. 146 supersedes EITF Issue No. 94-3, “Liability Recognition for Certain Employee Termination Benefits
and Other Costs to Exit an Activity (including Certain Costs Incurred in a Restructuring).” Under SFAS No. 146 the cost associated
with an exit or disposal activity is recognized in the periods in which it is incurred rather than at the date the Company committed
to the exit plan.



This statement is effective for exit or
disposal activities initiated after December 31, 2002, with earlier adoption encouraged. Previously issued financial statements
will not be restated. The provisions of EITF Issue No. 94-3 will continue to apply for exit plans initiated prior to the adoption
of SFAS No. 146.



Item 7A. Quantitative and Qualitative
Disclosures About Market Risk



As a “smaller reporting company”
we are not required to provide this information.





10







Item 8. Financial Statements.



REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM



To the Board of Directors and Stockholders of
Mission Mining Company:



We were engaged to audit the accompanying balance
sheets of Mission Mining Company (“the Company”) as of March 31, 2004 and 2003 and the related statement of operations,
stockholders’ equity (deficit) and cash flows for the years then ended. As described in the following paragraph, because
the Company’s records were not sufficient, we were not able to obtain sufficient appropriate audit evidence to provide a
basis for an audit opinion on the financial statements, and we do not express, an opinion on these financial statements.



Basis for Disclaimer Opinion:



We were not engaged as auditors of the Company
until May of 2020 at which time much of the audit evidence necessary to provide a basis for an audit opinion had been destroyed
or lost. We were unable to satisfy ourselves by other audit procedures concerning the assets and liabilities held at March 31,
2004 and 2003, as well as the revenues and expenses recognized for the year then ended. As a result of these matters, we were unable
to determine whether any adjustments might have been found necessary in respect of recorded or unrecorded assets, liabilities,
revenue and expenses.



We conducted our audits in accordance with standards
of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to
obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining,
on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles
used and significant estimates made by management, as well as evaluating the overall financial statement presentation. Because
of the matters described in the Basis for Disclaimer Opinion paragraph above, however, we were not able to obtain sufficient appropriate
audit evidence to provide a basis for an audit opinion.



The company is not required to have, nor were we
engaged to perform, an audit of its internal control over financial reporting. Our audit included consideration of internal control
over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose
of expressing an opinion on the Company's internal control over financial reporting. Accordingly, we express no such opinion.



Because of the significance of the matters described
in the Basis for Disclaimer Opinion paragraph, we have not been able to obtain sufficient appropriate audit evidence to provide
a basis for an audit opinion. Accordingly, we do not express an opinion on these financial statements.



Substantial Doubt about the Company’s
Ability to Continue as a Going Concern



The accompanying financial statements have been
prepared assuming that the Company will continue as a going concern. As discussed in Note 6 to the financial statements, the Company’s
significant operating losses raise substantial doubt about its ability to continue as a going concern. The financial statements
do not include any adjustments that might result from the outcome of this uncertainty.



/s/ BF Borgers CPA PC

B F Borgers CPA PC



We have served as the Company's auditor since 2020

Lakewood, CO
June 23, 2020



F-1







MISSION MINING COMPANY

CONSOLIDATED BALANCE SHEETS



|                                                                                                                                      |  | March 31, |             |   | March 31, |  
|------------------------------------------------------------------------------------------------------------------------------------- |  | --------- | ----------- | - | --------- | -
|                                                                                                                                      |  | 2004      |             |   | 2003      |  
|                                                                                                                                      |  |           |             |   |           |  
|ASSETS                                                                                                                                |  |           |             |   |           |  
|Total Assets                                                                                                                          |  | $         | -           |   |           | $
|                                                                                                                                      |  |           |             |   |           |  
|LIABILITIES & STOCKHOLDERS’ DEFICIT                                                                                                   |  |           |             |   |           |  
|                                                                                                                                      |  |           |             |   |           |  
|Current liabilities                                                                                                                   |  |           |             |   |           |  
|Cash overdraft                                                                                                                        |  |           |             |   |           |  
|Accounts payable, trade                                                                                                               |  | $         | 2,050,165   |   |           | $
|Accrued expenses                                                                                                                      |  |           | 944,486     |   |           |  
|Loans from stockholders                                                                                                               |  |           | 425,397     |   |           |  
|Notes payable                                                                                                                         |  |           | 953,498     |   |           |  
|Total current liabilities                                                                                                             |  |           | 4,373,546   |   |           |  
|                                                                                                                                      |  |           |             |   |           |  
|Stockholders’ Equity                                                                                                                  |  |           |             |   |           |  
|Preferred stock, $ .0001 par value, 25,000,000 shares authorized, 2,572,341 and 2,572,341 shares issued and outstanding, respectively |  |           | 7,678,429   |   |           |  
|Common stock, $ .0001 par value, 50,000,000 shares authorized, 20,665,818 and 20,665,818 shares issued and outstanding, respectively  |  |           | 2,066       |   |           |  
|Paid in capital in excess of par                                                                                                      |  |           | 2,033,128   |   |           |  
|Accumulated deficit                                                                                                                   |  |           | (13,549,516 | ) |           |  
|Treasury stock                                                                                                                        |  |           | (537,653    | ) |           |  
|Total Stockholders’ Deficit                                                                                                           |  |           | (4,373,546  | ) |           |  
|Total Liabilities and Stockholders’ Deficit                                                                                           |  | $         | -           |   |           | $



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





F-2







MISSION MINING COMPANY

CONSILDATED STATEMENTS OF OPERATIONS



|                                                  |  | For the year ended |            |   | For the year ended |  
|------------------------------------------------- |  | ------------------ | ---------- | - | ------------------ | -
|                                                  |  | March 31,          |            |   | March 31,          |  
|                                                  |  | 2004               |            |   | 2003               |  
|Revenues:                                         |  |                    |            |   |                    |  
|Oil and gas sales, net of royalties               |  | $                  | -          |   |                    | $
|Lease operating and other income                  |  |                    | -          |   |                    |  
|                                                  |  |                    | -          |   |                    |  
|                                                  |  |                    |            |   |                    |  
|Operating expenses:                               |  |                    |            |   |                    |  
|Production costs                                  |  |                    | -          |   |                    |  
|General and administrative                        |  |                    | 11,000     |   |                    |  
|Depletion                                         |  |                    | -          |   |                    |  
|Depreciation                                      |  |                    | -          |   |                    |  
|Total operating expenses                          |  |                    | 11,000     |   |                    |  
|(Loss) from operations                            |  |                    | (11,000    | ) |                    |  
|                                                  |  |                    |            |   |                    |  
|Other expense                                     |  |                    |            |   |                    |  
|Interest expense                                  |  |                    | 36,000     |   |                    |  
|Loss on disposal of assets                        |  |                    | -          |   |                    |  
|Other (expense) net                               |  |                    | (36,000    | ) |                    |  
|Income (loss) before provision for income taxes   |  |                    | (47,000    | ) |                    |  
|Provision for income tax                          |  |                    | -          |   |                    |  
|Net loss attributable to common stockholders      |  | $                  | (47,000    | ) |                    | $
|                                                  |  |                    |            |   |                    |  
|Basic and diluted earnings(loss) per common share |  | $                  | (0.00      | ) |                    | $
|                                                  |  |                    |            |   |                    |  
|Weighted average number of shares outstanding     |  |                    | 20,665,818 |   |                    |  



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





F-3







MISSION MINING COMPANY

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’
EQUITY

FOR THE YEARS ENDED MARCH 31, 2004 AND 2003



|                                      |  | Preferred Stock |           |  | Common Stock |   |           | Paid in |  |  | Accumulated |  |  | Treasury Stock |       |  | Equity/ |  
|------------------------------------- |  | --------------- | --------- |  | ------------ | - | --------- | ------- |  |  | ----------- |  |  | -------------- | ----- |  | ------- | -
|                                      |  | Shares          |           |  | Value        |   |           | Shares  |  |  | Value       |  |  | Capital        |       |  | Deficit |  
|Balances at March 31, 2002            |  |                 | 2,572,341 |  |              | $ | 7,678,429 |         |  |  | 18,208,173  |  |  | $              | 1,821 |  |         | $
|                                      |  |                 |           |  |              |   |           |         |  |  |             |  |  |                |       |  |         |  
|Issuance of common stock for services |  |                 |           |  |              |   |           |         |  |  | 2,457,645   |  |  |                | 245   |  |         |  
|                                      |  |                 |           |  |              |   |           |         |  |  |             |  |  |                |       |  |         |  
|Net loss                              |  |                 |           |  |              |   |           |         |  |  |             |  |  |                |       |  |         |  
|                                      |  |                 |           |  |              |   |           |         |  |  |             |  |  |                |       |  |         |  
|Balances at March 31, 2003            |  |                 | 2,572,341 |  |              | $ | 7,678,429 |         |  |  | 20,665,818  |  |  | $              | 2,066 |  |         | $
|                                      |  |                 |           |  |              |   |           |         |  |  |             |  |  |                |       |  |         |  
|Net loss                              |  |                 |           |  |              |   |           |         |  |  |             |  |  |                |       |  |         |  
|                                      |  |                 |           |  |              |   |           |         |  |  |             |  |  |                |       |  |         |  
|Balances at March 31, 2004            |  |                 | 2,572,341 |  |              | $ | 7,678,429 |         |  |  | 20,665,818  |  |  | $              | 2,066 |  |         | $





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





F-4







MISSION MINING COMPANY

CONSOLIDATED STATEMENTS OF CASH FLOWS



|                                                                                            |  | For the year ended |         |   | For the year ended |  
|------------------------------------------------------------------------------------------- |  | ------------------ | ------- | - | ------------------ | -
|                                                                                            |  | March 31,          |         |   | March 31,          |  
|                                                                                            |  | 2004               |         |   | 2003               |  
|Cash Flows From Operating Activities:                                                       |  |                    |         |   |                    |  
|Net loss                                                                                    |  | $                  | (47,000 | ) |                    | $
|Adjustments to reconcile net income to net cash provided by (used for) operating activities |  |                    |         |   |                    |  
|Depreciation and depletion                                                                  |  |                    | -       |   |                    |  
|Bad debt expense                                                                            |  |                    | -       |   |                    |  
|Common stock issued for services                                                            |  |                    | -       |   |                    |  
|Changes in operating assets and liabilities                                                 |  |                    |         |   |                    |  
|Write down of prepaid expenses                                                              |  |                    | -       |   |                    |  
|(Increase) decrease in accounts receivable, trade                                           |  |                    | -       |   |                    |  
|(Increase) decrease in prepaid expenses                                                     |  |                    | -       |   |                    |  
|Increase (decrease) in accounts payable, trade                                              |  |                    | -       |   |                    |  
|Increase (decrease) in accrued expenses                                                     |  |                    | 45,500  |   |                    |  
|(Decrease) in accounts payable and accrued expenses                                         |  |                    | 45,500  |   |                    |  
|Net cash provided by (used for) operating activities                                        |  |                    | (1,500  | ) |                    |  
|                                                                                            |  |                    |         |   |                    |  
|Cash Flows From Financing Activities:                                                       |  |                    |         |   |                    |  
|Advances from stockholders                                                                  |  |                    | 1,500   |   |                    |  
|Payments on long-term debt                                                                  |  |                    | -       |   |                    |  
|Net cash provided by (used for) investing activities                                        |  | $                  | 1,500   |   |                    | $
|                                                                                            |  |                    |         |   |                    |  
|Net Increase (Decrease) In Cash                                                             |  |                    | -       |   |                    |  
|Cash At The Beginning Of The Period                                                         |  |                    | -       |   |                    |  
|Cash At The End Of The Period                                                               |  | $                  | -       |   |                    | $



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





F-5







MISSION MINING COMPANY



NOTES TO CONSOLIDATED
FINANCIAL STATEMENTS



FOR THE YEARS ENDED MARCH 31,
2004 AND 2003



1.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES



Organization and business



Mission Mining Company f/k/a
Cambridge Energy Corporation (the “Company”) was incorporated in the state of Nevada on April 9, 1996. The Company
is an independent oil and gas company engaged in the exploration and development of domestic oil and gas properties. It had previously
owned oil and gas properties in Louisiana, Texas and Indonesia. Through March 2000, the Company also manufactured certain wellhead
control devices. As of March 31, 2003, the Company had no active operations.



Principles of consolidation



The accompanying consolidated
financial statements include the general accounts of the Company and its wholly owned subsidiaries. All inter- company transactions
and accounts have been eliminated in the consolidation and each subsidiary corporation has a fiscal year end of March 31.



Method of accounting for
oil and gas properties



The Company uses the successful
efforts method of accounting for oil and gas producing activities, as set forth in the Statement of Financial Accounting Standards
No. 19, as amended. Costs to acquire mineral interests in oil and gas properties, to drill and equip exploratory wells that find
proved reserves, and to drill and equip development wells are capitalized. Costs to drill exploratory wells that do not find proved
reserves, geological and geophysical costs and costs of carrying and retaining unproved properties are expensed as incurred.



Unproved oil and gas properties
that are individually significant are periodically assessed for impairment of value, and a loss is recognized at the time of impairment
by providing a valuation allowance. Other unproved properties are amortized based on the Company’s experience of successful drilling
and average holding period. Capitalized costs of producing oil and gas properties, after considering estimated dismantlement and
abandonment costs and estimated salvage values, are depreciated and depleted by the unit-of-production method. Support equipment
and other property and equipment are carried at cost and depreciated over their estimated useful lives.



On sale or retirement of a complete
unit of a proved property, the cost and related accumulated depreciation, depletion, and amortization are eliminated from the property
accounts, and the resultant gain or loss is recognized. On retirement or sale of a partial unit of proved property, the cost is
charged to accumulated depreciation, depletion, and amortization with a resulting gain or loss recognized in income.



On sale of an entire interest
in an unproved property for cash or cash equivalent, gain or loss on the sale is recognized, taking into consideration the amount
of any recorded impairment if the property has been assessed individually. If a partial interest in an unproved property is sold,
the amount received is treated as a reduction of the cost of the interest retained.





F-6







Inventories



Inventories are carried at the
lower of cost (specific identification) or net realizable value and include materials and supplies related to the Company’s oil
and gas support equipment.



Property and equipment



Property and equipment are stated
at cost less accumulated depreciation. Depreciation of property and equipment is being provided by accelerated methods for financial
and tax reporting purposes over estimated useful lives of five to seven years.



Impairment of long-lived
assets



The Company has adopted Statement
of Financial Accounting Standards (“SFAS”) No. 121, “Accounting for the Impairment of Long-Lived Assets and for
Long-Lived Assets to Be Disposed Of.” This Statement establishes accounting standards for the impairment of long-lived assets,
certain identifiable intangibles and goodwill related to those assets to be held and used, and long-lived assets and certain identifiable
intangibles to be disposed of.



The Company periodically evaluates,
using independent appraisals and projected undiscounted cash flows, the carrying value of its long-lived assets and certain identifiable
intangibles to be held and used whenever events or changes in circumstances indicate that the carrying amount of an asset may not
be recoverable. In addition, long-lived assets and identifiable intangibles to be disposed of are reported at the lower of carrying
value or fair value less cost to sell.



As indicated in “Recent
Accounting Pronouncements”, below, the company will adopt Statement of Financial Accounting Standards (“SFAS”) No.
144 “Accounting for the Impairment or Disposal of Long-Lived Assets” (SFAS 144). SFAS 144 addresses financial accounting
and reporting for the impairment or disposal of long-lived assets and supersedes SFAS No. 121, “Accounting for the Impairment
of Long-Lived Assets and for Long-Lived Assets to be Disposed Of,” and the accounting and reporting provisions of APB Opinion
No. 30, “Reporting the Results of Operations Reporting the Effects of Disposal of a Segment of a Business. SFAS 144 is effective
for fiscal years beginning after December 15, 2001.



Net loss per share



Basic loss per share amounts
are computed by dividing the net loss plus preferred stock dividends by the weighted average number of common shares outstanding.



Recent Accounting Pronouncements



The Company has implemented all
new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are
any other new pronouncements that have been issued that might have a material impact on its financial position or results of operations.



In May 2003, the Financial Accounting
Standards Board issued Statement of Financial Accounting Standards No. 150, “Accounting for Certain Financial Instruments
with Characteristics of Both Liabilities and Equity” (hereinafter “SFAS No. 150”). SFAS No. 150 establishes standards
for classifying and measuring certain financial instruments with characteristics of both liabilities and equity and requires that
those instruments be classified as liabilities in statements of financial position. Previously, many of those instruments were
classified as equity. SFAS No. 150 is effective for financial instruments entered into or modified after May 31, 2003 and otherwise
is effective at the beginning of the first interim period beginning after June 15, 2003. The Company has not yet determined the
impact of the adoption of this statement.





F-7







In April 2003, the Financial
Accounting Standards Board issued Statement of Financial Accounting Standards No. 149, “Amendment of Statement 133 on Derivative
Instruments and Hedging Activities” (hereinafter “SFAS No. 149”). SFAS No. 149 amends and clarifies the accounting
for derivative instruments, including certain derivative instruments embedded in other contracts, and for hedging activities under
SFAS No. 133, “Accounting for Derivative Instruments and Hedging Activities”. This statement is effective for contracts
entered into or modified after June 30, 2003 and for hedging relationships designated after June 30, 2003. The adoption of SFAS
No. 149 is not expected to have a material impact on the financial position or results of operations of the Company.



In January 2003, the Financial
Accounting Standards Board issued FASB Interpretation No. 46 “Consolidation of Variable Interest Entities, an Interpretation
of ARB No. 51” (hereinafter “FIN 46”). FIN 46 requires certain variable interest entities to be consolidated by
the primary beneficiary of the entity if the equity investors in the entity do not have the characteristics of a controlling financial
interest or do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial
support from other parties. FIN 46 is effective for all new variable interest entities created or acquired after January 31, 2003.
The provisions of FIN 46 must be applied for the first interim or annual period beginning after June 15, 2003. The Company does
not have any entities that require disclosure or new consolidation as a result of adopting the provisions of FIN 46.



In December 2002, the FASB issued
SFAS No. 148, “Accounting for Stock-Based Compensation - Transition and Disclosure,” (“SFAS No. 148”). SFAS
148 amends SFAS No. 123, “Accounting for Stock-Based Compensation,” to provide alternative methods of transition for
an entity that voluntarily changes to the fair value based method of accounting for stock-based employee compensation. In addition,
it also amends the disclosure provisions of SFAS 123 to require prominent disclosure about the effects on reported results of an
entity’s accounting policy decisions with respect to stock-based employee compensation. The provisions of the statement are effective
for financial statements for fiscal years ending after December 15, 2002. Prior to the issuance of SFAS No. 148, the Company adopted
the fair value based method of accounting for stock-based employee compensation. Thus, the Company’s financial reporting will not
be significantly effected by SFAS 148.



In June 2002, the FASB issued
SFAS No. 146, “Accounting for Exit or Disposal Activities.” This statement addresses the recognition, measurement, and
reporting of costs associated with exit and disposal activities. SFAS No. 146 is applicable to restructuring activities and costs
related to terminating a contract that is not a capital lease and one-time benefit arrangements received by employees who are involuntarily
terminated. SFAS No. 146 supersedes EITF Issue No. 94-3, “Liability Recognition for Certain Employee Termination Benefits
and Other Costs to Exit an Activity (including Certain Costs Incurred in a Restructuring).” Under SFAS No. 146 the cost associated
with an exit or disposal activity is recognized in the periods in which it is incurred rather than at the date the Company committed
to the exit plan.



This statement is effective for
exit or disposal activities initiated after December 31, 2002, with earlier adoption encouraged. Previously issued financial statements
will not be restated. The provisions of EITF Issue No. 94-3 will continue to apply for exit plans initiated prior to the adoption
of SFAS No. 146.



2. DISPOSITION OF ASSETS



During the year ended March 31,
2003, the Company disposed of the following assets resulting in a loss on disposition of $249,776.



A. Glass
Mountain



The Company was unable to meet
certain lease requirements on Texas oil and gas properties known as the “Glass Mountain Acquisition” and consequently
chose to abandon its interest and write-off the entire carrying value of $203,391. The terms of the original acquisition are detailed
below in Note 3-Preferred Stock.





F-8







B. Other
Oil and Gas Assets



The Company chose not to renew
certain leases and was unable to meet certain production requirements and consequently all of its remaining assets were charged-off
resulting in a miscellaneous loss on disposition of $46,385.



During the year ended March 31,
2002, the Company disposed of the following assets resulting in a loss on disposition of $6,790,257.



A. Indonesian
Assets



The Company sold 100% of the
stock of its wholly owned subsidiary, Intermega Energy Pte.(Singapore) Ltd., in exchange for the cancellation of $552,596 of debt
and the return of 1,950,339 shares of the Company’s common stock. The Company’s re-acquired stock was recorded as treasury stock
and valued at $501,820, the market value at the time of re-acquisition. The transaction resulted in a loss on disposition of $1,944,740.



B. North
Crowley Field, Louisiana



In September 2000, the Company
entered into a purchase and sale agreement regarding certain oil and gas interests, properties and rights known as the North Crowley
Field in Acadia Parish, Louisiana. The Company issued 3,100,000 shares of its common stock as consideration for the purchase. The
shares were valued at the time of acquisition at $1.27 per share for a total of $3,950,000. On March 31, 2002, the parties to the
purchase and sale agreement executed mutual releases and the 3,100,000 shares of common stock were returned to the Company for
cancellation. At the date of return, the shares were valued at $0.05 per share for a total of $155,000. The decline in value of
$1.22 per share was recorded as a loss on disposition of $3,795,000.



C. Triton Wellhead Related Assets



In the fiscal year ended March
31, 1999, the Company acquired Triton Wellhead & Manufacturing, Inc., a manufacturer of wellhead and valve devices serving
primarily the oil and gas industry. In connection with that acquisition, the Company acquired land and building in Broussard, Louisiana
and inventory, equipment and other assets. These various assets served as collateral for certain promissory notes. The Triton facility
became inactive and during the fiscal year ended March 31, 2002, the Triton assets were sold to satisfy the obligations, resulting
in litigation and a loss on disposition of $850,127.



D. Other
Oil and Gas Assets



The Company chose not to renew
certain leases and in other cases was unable to meet certain production requirements and consequently certain assets were charged-off
resulting in a miscellaneous loss on disposition of $200,390.



3. PREFERRED STOCK



To date the Company has issued
20,000 shares of Series B Preferred Stock for $20,000 cash at $1.00 per share. The Company also issued 2,392,841 shares of Series
AA Preferred Stock for the acquisition of certain Texas oil and gas properties referred to as the Glass Mountains acquisition.
The Series AA Preferred Stock was issued at a stated value of $3.00 per share or a total of $7,178,523 and has a liquidation preference
of $7,178,523 which is pari passu with the other outstanding issues of preferred stock but superior to the common stock. The Series
AA Preferred Stock is convertible into the Company’s common stock at $3.00 per share (1 share of common for 1 share of Series AA
Preferred Stock) for a total of 2,392,841 shares of common stock.





F-9







The asset acquired in exchange
for the Series AA Preferred Stock was recorded on the Company’s balance sheet at the market value at the date of acquisition ($0.085
per share) of the common stock into which the Series AA Preferred is convertible, for a carrying value of $203,391 and the excess
of the liquidation value over the carrying value, $6,975,132, was charged to paid in capital in excess of par.



In liquidation, the holders of
the various series of preferred stock are entitled to receive an amount equal to the stated value of the shares plus declared but
unpaid dividends. As of March 31, 2004, the various series of preferred stock have a total liquidating preference superior to the
common stock of $7,678,429.



4. COMMITMENTS AND
CONTINGENCIES



Leases



The Company’s home office facilities
are currently being provided without charge by a corporation owned by the Company’s president. The fair rental value of this space
provided is not material.



At March 31, 2004, the Company
was not obligated under any noncancelable operating or capital lease agreements.



Litigation



At March 31, 2004, the Company
was a party to the legal proceedings set out below. To the knowledge of management, no federal, state or local governmental agency
is presently contemplating any proceeding against the Company.



During the fiscal year 2002,
Mineral Ventures, Inc. asserted and perfected a claim in District Court in New Orleans, Louisiana in the amount of $288,400 for
future production payments from property in St. John the Baptist Parish, Louisiana previously sold by Mineral Ventures, Inc. to
a subsidiary of the Company, Cambridge Offshore LLC. The Company has claimed inadequate service with regard to this claim and is
asserting claims against Mineral Ventures Inc. in a separate claim under a separate agreement in the amount of $292,055. These
matters remain pending.



Dwayne Bergeron has asserted
and perfected a claim against real estate of a subsidiary, Assure Inc. in District Court in Lafayette, Louisiana for obligations
against the property which totaled $329,000. There remains a claim by Mr. Bergeron against the Company, its subsidiary and a principal
(on guarantees) for additional interest, fees and costs. The Company has asserted a claim for $133,000 paid against these obligations
and for losses related to the property in excess of $1 million. These claims remain pending.



During the fiscal year, Larry
Hopfinspirger initiated a claim on an outstanding promissory note in the amount of $300,000 secured by property of a subsidiary
and a principal, against the Company and the principal on a guarantee in the Circuit Court of Brevard County, Florida. The Company
has asserted a defense of usury and liquidation of collateral in a commercially unreasonable manner. This matter remains pending.
During the fiscal year, Larry Adams initiated a claim on an outstanding promissory note in the amount of $15,000 secured by shares
of the company and a principal, against the Company and the principal on a guarantee in the Circuit Court of Broward County, Florida.
The Company has asserted claims of breach of contract against Mr. Adams and a partner and further asserted a defense of usury.
This matter remains pending.





F-10







During the fiscal year Mr. Charles
Christie perfected a claim on a promissory note against the Company in the amount of $22,000 plus interest in Lake County Circuit
Court. This amount remains outstanding.



Moncla Drilling, Inc. had previously
perfected a claim against the Company in the approximate amount of $168,000 in the State of Louisiana. In addition claims have
been perfected in the State of Louisiana by Proven Fuels, Inc. and by Hibernia Bank N.A.. The Company did not appear in any of
these proceedings. There may be other claims such as vendor claims which remain pending but which, prior to 2002, the company considered
to be non-material amounts, the status of which the company is unaware.



To the knowledge of management,
no director, executive officer or affiliate of the Company, any owner of record or beneficially of more than 5% of the Company’s
common stock is a party adverse to the Company or has a material interest adverse to the Company in any proceeding.



5. RELATED PARTY TRANSACTIONS



Employment and related
agreements



In January 1998, the Company
entered into an employment agreement with an executive officer which provides for the payment of $150,000 in annual salaries and
additional compensation based on annualized gross revenues. The agreement expired in December 2002. Through March 31, 2004, $150,000
had been accrued under this employment agreement and remains unpaid.



Stockholders



During the fiscal years ended
March 31, 2004 and 2003, the Company (and its subsidiaries) received cash advances from its stockholders totaling $1,500 and $44,884.



6. MANAGEMENT’S PLAN



The Company’s consolidated financial
statements have been presented on a going concern basis which contemplates the realization of assets and the satisfaction of liabilities
in the normal course of business. As more fully described below, the liquidity of the Company has been adversely affected by significant
losses from operations. The Company reported net losses of $47,000 and $491,095 for the years ended March 31, 2004 and 2003, respectively.
As of March 31, 2004, the Company had written-off all its assets and had a working capital deficit and stockholders’ deficit of
$4,373,546. These conditions raise substantial doubt about the Company’s ability to continue as a going concern without additional
capital contributions. Management’s immediate plans are to restructure the Company’s existing obligations and attempt to raise
additional capital and to acquire income producing oil and gas properties.



7. FINANCIAL INSTRUMENTS



The Company’s financial instruments,
which potentially subject the Company to credit risks, consist of its cash, accounts receivable and notes payable.



Cash



The Company maintains its cash
in bank deposit and other accounts which, at times, may exceed federally insured limits. The Company has not experienced any losses
in such accounts, and does not believe it is subject to any credit risks involving its cash.



8. STOCK OPTIONS AND WARRANTS



The Company uses the intrinsic
value method of accounting for stock options. Compensation cost for options granted has not been recognized in the accompanying
financial statements because the exercise prices exceeded the current market prices of the Company’s common stock on the dates
of grant. The options and warrants expire between April 2003 and June 2009 and are exercisable at prices from $.50 to $2.50 per
option or warrant.





F-11







ITEM 2. MANAGEMENT’S DISCUSSION
AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.



The Company is engaged in the
business of exploration and development of oil and natural gas reserves through the acquisition and development of properties primarily
with proven reserves. The Company’s ability to grow shareholder value through growth of assets, earnings and cash flows is dependent
on its ability to acquire and develop commercial quantities of oil and natural gas that can be produced and marketed at a profit.
The Company’s ability to accomplish this growth has been adversely affected by a significant reduction in the availability of investment
capital, brought about by the significant declines in the economy. In spite of having significant acquisition opportunities over
the fiscal year, the Company was not able to avail itself of sufficient funds to take advantage of the opportunities. Company management
has continued to pursue the elements of its growth strategies including actively pursuing the acquisition of significant producing
properties with development potential which can be exploited with lower cost and with lower risk than unproven prospects; While
management has worked toward the successful completion of this plan, sufficient funds have not been obtained to complete it, and
there can be no assurance that the intended results will be achieved or that funds will be available to accomplish the plan.



Results of Operations



Twelve months ended March 31,
2004 compared to March 31, 2003.



The company recorded a net operating
loss of $47,000 for the twelve-month period ended March 31, 2004 compared to a loss for the same period in 2003 of $491,095. General
and Administration expenses decreased to $11,000 from $191,292.



Liquidity



To the extent possbile, the Company
expects to finance its future acquisition, development and exploration activities through various means of corporate and project
finance and through the issuance of additional securities.



During the last fiscal year,
the Company purchased an interest in a geo thermal power firm, North American GeoPower, Inc. in exchange for shares of a subsidiary,
Cambridge Power Corporation. Although there was no material impact on the Company’s financial statements, a number of events in
the power industry including the legislative mandate of alternative energy use and a general emphasis on alternative energy production,
made this an opportunity for the Company to increase its shareholders’ value. The Company distributed shares of North American
GeoPower, Inc. to its shareholders in a form of a stock dividend on the basis on one shares of North American GeoPower, Inc. for
each 15 shares of the Company’s stock. In addition, an agreement with North American GeoPower, Inc. provides for the future payments
to the Company in exchange for its participation. The Company has not yet received any funds and there is no assurance that any
funds will be received from this agreement.



There can be no assurance that
sufficient funds will be available to meet the requirements of the Company’s growth strategy or operations.



Material Commitments for Capital
Expenditures



The Company has made no additional
material commitments during the fiscal year ended March 31, 2004.





11







ITEM 3. CONTROL AND PROCEDURES



Within the 90 days prior to the
filing date of this Quarterly Report, the issuer carried out an evaluation, under the supervision and with the participation of
our Principal Executive Officer and Principal Accounting Officer, of the effectiveness of the design and operation of our disclosure
controls and procedures as defined in Rule 13a-14(a) and Rule 15d-14(c) of the Securities Exchange Act of 1934. Based upon that
evaluation, the Principal Executive Officer and the Principal Accounting Officer concluded that our disclosure controls and procedures
are effective in timely alerting them to material information relating to us (including our consolidated subsidiaries) required
to be included in this Quarterly Report. There have been no significant changes in our internal controls or in other factors, which
could significantly affect such internal controls, subsequent to the date we carried out our evaluation.



ITEM 4. LEGAL
PROCEEDINGS



At March 31, 2004, the Company
was a party to the legal proceedings set out below. To the knowledge of management, no federal, state or local governmental agency
is presently contemplating any proceeding against the Company.



During the fiscal year 2002,
Mineral Ventures, Inc. asserted and perfected a claim in District Court in New Orleans, Louisiana in the amount of $288,400 for
future production payments from property in St. John the Baptist Parish, Louisiana previously sold by Mineral Ventures, Inc. to
a subsidiary of the Company, Cambridge Offshore LLC. The Company has claimed inadequate service with regard to this claim and is
asserting claims against Mineral Ventures Inc. in a separate claim under a separate agreement in the amount of $292,055. These
matters remain pending.



Dwayne Bergeron has asserted
and perfected a claim against real estate of a subsidiary, Assure Inc. in District Court in Lafayette, Louisiana for obligations
against the property which totaled $329,000. There remains a claim by Mr. Bergeron against the Company, its subsidiary and a principal
(on guarantees) for additional interest, fees and costs. The Company has asserted a claim for $133,000 paid against these obligations
and for losses related to the property in excess of $1 million.



These claims remain pending.
During the 2003, Larry Hopfinspirger initiated a claim on an outstanding promissory note in the amount of $300,000 secured by property
of a subsidiary and a principal, against the Company and the principal on a guarantee in the Circuit Court of Brevard County, Florida.
The Company has asserted a defense of usury and liquidation of collateral in a commercially unreasonable manner. This matter remains
pending.



During the 2003, Larry Adams
initiated a claim on an outstanding promissory note in the amount of $15,000 secured by shares of the company and a principal,
against the Company and the principal on a guarantee in the Circuit Court of Broward County, Florida. The Company has asserted
claims of breach of contract against Mr. Adams and a partner and further asserted a defense of usury. This matter remains pending.



During the 2003. Mr. Charles
Christie perfected a claim on a promissory note against the Company in the amount of $22,000 plus interest in Lake County Circuit
Court. This amount remains outstanding.



Moncla Drilling, Inc. had previously
perfected a claim against the Company in the approximate amount of $168,000 in the State of Louisiana. In addition claims have
been perfected in the State of Louisiana by Proven Fuels, Inc. and by Hibernia Bank N.A.. The Company did not appear in any of
these proceedings. There may be other claims such as vendor claims which remain pending but which, prior to 2002, the company considered
to be non-material amounts, the status of which the company is unaware.



To the knowledge of management,
no director, executive officer or affiliate of the Company, any owner of record or beneficially of more than 5% of the Company’s
common stock is a party adverse to the Company or has a material interest adverse to the Company in any proceeding.





12







ITEM 5 - CHANGES IN
SECURITIES



NONE



ITEM 6 - DEFAULTS UPON SENIOR
SECURITIES



NONE



ITEM 7 - SUBMISSION OF MATTERS
TO A VOTE OF SECURITY HOLDERS



NONE



ITEM 8 - OTHER INFORMATION



NONE



ITEM 9 -  SUBSEQUENT EVENTS



In accordance with FASB ASC 855-10
Subsequent Events, the Company has analyzed its operations subsequent to March 31, 2004 to the date these consolidated financial
statements were issued, and has determined that it does not have any material subsequent events to disclose in these consolidated
financial statements.



13







Item 9. Changes in and Disagreements With Accountants on
Accounting and Financial Disclosure.



There were no changes in or disagreements
with accountants on accounting and financial disclosure during the year ended March 31, 2004.



Item 9A. Controls and Procedures



EVALUATION OF DISCLOSURE CONTROLS



Under the supervision and with the participation
of our management, including our principal executive officer and principal financial officer, the Company conducted an evaluation
of our disclosure controls and procedures, as such term is defined under Rule 13a-15(e) and Rule 15d-15(e) promulgated under the
Securities Exchange Act of 1934, as amended (the “Exchange Act”), as of March 31, 2004. Based on this evaluation, our
principal executive officer and principal financial officer has concluded that, because of the material weaknesses in our internal
control over financial reporting due to lack of segregation of duties discussed below, the Company’s disclosure controls and procedures
were not effective to ensure that information required to be disclosed by the Company in the reports filed or submitted under the
Exchange Act is recorded, processed, summarized, and reported within the time periods specified in the Securities and Exchange
Commission’s rules and forms and that the Company’s disclosure and controls are designed to ensure that information required to
be disclosed by the Company in the reports that we file or submit under the Exchange Act is accumulated and communicated to management,
including our principal executive officer and principal financial officer, or persons performing similar functions, as appropriate
to allow timely decisions regarding required disclosure. Notwithstanding the material weaknesses discussed below, our principal
executive officer and principal financial officer has concluded that the consolidated financial statements included in this Form
10-K present fairly, in all material respects, our financial position, results of operations and cash flows for the periods presented
in conformity with accounting principles generally accepted in the United States.



Management’s Report on Internal Control
over Financial Reporting



Our management is responsible for establishing
and maintaining adequate internal control over our financial reporting. Internal control over financial reporting is a process
to provide reasonable assurance regarding the reliability of our financial reporting for external purposes in accordance with generally
accepted accounting principles. Internal control over financial reporting includes policies and procedures that: (i) pertain
to maintaining records that in reasonable detail accurately and fairly reflect our transactions; (ii) provide reasonable assurance
that transactions are recorded as necessary for preparation of our financial statements and that receipts and expenditures of company
assets are made in accordance with management authorization; and (iii) provide reasonable assurance that unauthorized acquisition,
use or disposition of company assets that could have a material effect on our financial statements would be prevented or detected
on a timely basis. Because of its inherent limitations, internal control over financial reporting is not intended to provide absolute
assurance that a misstatement of our financial statements would be prevented or detected.



Our management evaluated the effectiveness
of our internal control over financial reporting as of March 31, 2004 based on the framework inInternal Control—Integrated
Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission. A material weakness is a deficiency,
or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that
a material misstatement of the company’s annual or interim financial statements will not be prevented or detected on a timely basis.
Based on management’s assessment, including consideration of the control deficiencies discussed below, management has concluded
that the Company’s internal control over financial reporting was not effective as of March 31, 2004 due to the fact that there
was a material weakness in its internal control over financial reporting. Specifically, through the investigation discussed above,
management identified a lack of segregation of duties as well as errors in financial statement presentation and disclosure.





14







Lack of Segregation of Duties



Management is aware that there is a lack
of segregation of duties at the Company due to the lack of employees dealing with general administrative and financial matters.
However, at this time management has decided that considering the abilities of the employees now involved and the control procedures
in place, the risks associated with such lack of segregation are low and the potential benefits of hiring employees to clearly
segregate duties do not justify the substantial expenses associated with such increases. Management will periodically reevaluate
this situation.



In order to mitigate the foregoing material
weakness, we have engaged an outside accounting consultant with significant experience in the preparation of financial statements
in conformity with U.S. GAAP to assist us in the preparation of our financial statements to ensure that these financial statements
are prepared in conformity to U.S. GAAP. Management believes that this will lessen the possibility that a material misstatement
of our annual or interim financial statements will be prevented or detected on a timely basis, and we will continue to monitor
the effectiveness of this action and make any changes that our management deems appropriate.



This annual report does not include an
attestation report of our registered public accounting firm regarding internal control over financial reporting. Management’s report
was not subject to attestation by the Company’s registered public accounting firm pursuant to the exemption provided to issuers
that are not “large accelerated filers” nor “accelerated filers” under the Dodd-Frank Wall Street Reform and
Consumer Protection Act.



Changes in Internal Control Over
Financial Reporting



There have been no changes in our internal
control over financial reporting that occurred during our last fiscal quarter that have materially affected, or are reasonably
likely to materially affect, our internal control over financial reporting.



Item 9B. Other Information.



None.





15







PART III



Item
10. Directors, Executive Officers and Corporate Governance





The following table sets forth the names
and ages of the member of our Board of Director and our executive officers and the positions held by each.



|Name            |  | Age |  | Title     
|--------------- |  | --- |  | ----------
|Kalyan Pathuri  |  | 51  |  | President 
|Amit Jain       |  | 47  |  | Treasurer 
|Naveen Doki, MD |  | 44  |  | Secretary.



Mr. Pathuri, President and Director,
served for 23 years as the CEO of GCP Inc, a Chantilly, VA based custom software development and professional services firm specializing
in client/server and Internet Technology where he was responsible for overall business planning and strategy and was instrumental
in growing the revenue, profits and business value of the company. He has also worked in senior leadership position with organizations
such as 3H Technology in Vienna, VA, with Equant in Herndon, VA, etc. Overall Mr. Pathuri has more than 30 years of experience
as an operational leader, covering business management, strategy, planning and direction.



Mr. Jain, Treasurer and Director,
has over 25 years of business experience in executive and senior leadership roles in the areas of finance, audit, compliance, business
development, and operations across a range of technology, software, consulting and professional service, hospitality and financial
industries for a variety of public and private companies. He has over two decades of experience in corporate accounting and finance,
including expertise in due diligences and acquisitions, conducting Forensic reviews, corporate strategy formation and execution,
organizational and process optimization, and all phases of audit. Mr. Jain holds a Chartered Accountancy masters degree from Institute
of Chartered Accountants of India, has a masters degree in Business Management from Indian Institute of Management, Calcutta, and
is also is a Certified Fraud and Forensic Accountant.



Prior to joining Mission Mining Company,
Mr. Jain was the Group CFO for DoIT Smart Hospitality handling four companies of the group. He has also worked in leadership position
with organizations like Vodafone, CPA Global, Timex Watches and has also worked with two of the Big 4 Consulting firms namely Price
Waterhouse Coopers and KPMG.



Naveen
Doki, MD, Secretary and Director. is clinically trained to be an Hematologist and Oncologist. He obtained his degree from University
of California at Irvine and his fellowship at University of Southern California in Los Angeles. He started his career with his
own practice after a short 3-month stint at a local private practice. He has in the past also worked as a successful researcher
at various Veterans Administration locations in California.



He
has active medical licenses in Virginia, California and Maryland. He is board certified by ABIM in Medical Oncology. Prior to relocating
to the USA, he worked for Kingston Memorial Hospital in Jamaica.



Our directors hold office until
the next annual meeting of stockholders and until his successors have been duly elected and qualified. There are no agreements
with respect to the election of directors. We do not compensate our directors. Officers are appointed annually by the Board of
Directors and each executive officer serves at the discretion of the Board of Directors. We do not have any standing committees
at this time.



Our directors, officers or affiliates have not, within the past
five years, filed any bankruptcy petition, been convicted in or been the subject of any pending criminal proceedings, or is any
such person the subject or any order, judgment or decree involving the violation of any state or federal securities laws.



Term of Office



Our directors are appointed for a one-year
term to hold office until the next annual general meeting of our stockholders or until removed from office in accordance with our
bylaws. Our officers are appointed by our Board of Directors and holds office until removed by the Board of Directors.





16







Family Relationships



There are no family relationships between
any of our directors or executive officers.



Involvement in Legal Proceedings

To our knowledge, there have been no material legal proceedings that would require disclosure under the federal securities laws
that are material to an evaluation of the ability of our director or executive officers.



Potential Conflicts of Interest



We are not aware of any current or potential
conflicts of interest with our director or executive officers.



Board Committees



We have not formed an Audit Committee,
Compensation Committee or Nominating and Corporate Governance Committee as of the filing of this Annual Report. Our Board of Directors
performs the principal functions of an Audit Committee. We currently do not have an audit committee financial expert on our Board
of Directors. We believe that an audit committee financial expert is not required because the cost of hiring an audit committee
financial expert to act as one of our directors and to be a member of an Audit Committee outweighs the benefits of having an audit
committee financial expert at this time.



Section 16(a) Beneficial Ownership Reporting
Compliance



Section 16(a) of the Exchange Act requires
our directors, officers and persons who beneficially own more than 10% of a registered class of our equity securities, to file
reports of ownership and changes in ownership with the SEC and are required to furnish us with copies of these reports. Based solely
on our review of the reports filed with the SEC, we believe that no persons subject to Section 16(a) of the Exchange Act timely
filed all required reports in 2004.



Code of Ethics



We currently do not have a code of ethics
that applies to our officers, employees and director, including our Chief Executive Officer, however, we are in the process of
formulating a code of ethics and intend to adopt one in the near future.



Item
11.  Executive Compensation



No executive compensation was paid during
the fiscal years ended March 31, 2004 and 2004. The Company has no employment agreement with any of its officers and directors.



Outstanding Equity Awards at Fiscal
Year End



None of our executive officers received
any equity awards, including, options, restricted stock or other equity incentives during the fiscal year ended March 31, 2004
and 2004.



Compensation of Directors



During the year ended March 31, 2004 and
2003, no officer received any compensation solely for service as a director.



Compensation Committee Interlocks and
Insider Participation



During the fiscal years of 2004 and 2003,
we did not have a standing compensation committee. Our board of directors was responsible for the functions that would otherwise
be handled by the compensation committee. The sole director conducted deliberations concerning executive officer compensation,
including directors who were also executive officers. David Lazar, as our sole director, has authority and discretion to determine
his own compensation for serving as the Company’s President and Chief Executive Officer.





17







Item
12.  Security Ownership of Certain Beneficial Owners And Management And Related Stockholder Matters



The following table sets forth information
regarding the beneficial ownership of our common stock as of April 13, 2020. The information in this table provides the ownership
information for: each person known by us to be the beneficial owner of more than 5% of our common stock; each of our directors;
each of our executive officers; and our executive officers and directors as a group.



Beneficial ownership has been determined
in accordance with the rules and regulations of the SEC and includes voting or investment power with respect to the shares. Unless
otherwise indicated, the persons named in the table below have sole voting and investment power with respect to the number of shares
indicated as beneficially owned by them.



|Name of Beneficial Owner                                                              |  | Common Stock  Beneficially  Owned (1) |           |  | Percentage of  Common Stock  Owned (1) | 
|------------------------------------------------------------------------------------- |  | ------------------------------------- | --------- |  | -------------------------------------- | 
|Kalyan Pathuri, President;                                                            |  |                                       | 0         |  |                                        | 
|Amit Jain, Treasurer                                                                  |  |                                       | 0         |  |                                        | 
|Naveen Doki, Secretary                                                                |  |                                       | 0         |  |                                        | 
|Officers and Directors as a Group (3 people)                                          |  |                                       | 0         |  |                                        | 
|                                                                                      |  |                                       | 0         |  |                                        | 
|                                                                                      |  |                                       |           |  |                                        | 
|CARLTON WINGETT 14430 GORHAM RD PENSACOLA, FL 3250                                    |  |                                       | 6,602,001 |  |                                        | 
|                                                                                      |  |                                       |           |  |                                        | 
|WEST BAY ENTERPRISES, INC. C/O JAMES CHENEY 5623-A BAUER RD PENSACOLA, FL 32507       |  |                                       | 3,225,000 |  |                                        | 
|                                                                                      |  |                                       |           |  |                                        | 
|SAVANNAH SUGAR SANDS, INC. C/O ABIGAIL MARCHANT 112 SE KALASH RD  PENSACOLA, FL 32507 |  |                                       | 2,817,000 |  |                                        | 
|                                                                                      |  |                                       |           |  |                                        | 
|NORRIS OSCAR CORPORATION C/O WINGETT MGMT 14430-B GORHAM RD  PENSACOLA, FL 32507      |  |                                       | 3,400,001 |  |                                        | 
|                                                                                      |  |                                       |           |  |                                        | 
|NEW BROCKTON, INC. C/O WINGETT MGMT 14430-B GORHAM RD  PENSACOLA, FL 32507            |  |                                       | 3,325,001 |  |                                        | 



| | (1) | Applicable percentage ownership
is based on 39,986,975 shares of common stock outstanding as of December 10, 2019. Beneficial ownership is determined in accordance
with the rules of the Securities and Exchange Commission and generally includes voting or investment power with respect to securities.
Shares of common stock that are currently exercisable or exercisable within 60 days of December 10, 2019 are deemed to be beneficially
owned by the person holding such securities for the purpose of computing the percentage of ownership of such person, but are not
treated as outstanding for the purpose of computing the percentage ownership of any other person.
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





18







Item
13.  Certain Relationship and Related Transactions, and Director Independence.



None.



Director Independence



None of our directors are independent using
the definition of independence under NASDAQ Listing Rule 5605(a)(2) and the standards established by the SEC.



Item
14. Principal Accountant Fees and Services.



The following table shows the aggregate
fees we paid for professional services provided to us for 2004 and 2003:



|                   |  | 2004 |   |  | 2003 | 
|------------------ |  | ---- | - |  | ---- | 
|Audit Fees         |  | $    | 0 |  |      | 
|Audit-Related Fees |  |      | 0 |  |      | 
|Tax Fees           |  |      | 0 |  |      | 
|All Other Fees     |  |      | 0 |  |      | 
|                   |  |      |   |  |      | 
|Total              |  | $    | 0 |  |      | 



Audit Fees



For the year ended March 31, 2004 and 2003,
we paid $0 and $0 respectively for professional services rendered for the audit and review of our financial statements.



Audit Related Fees



For the fiscal years ended March 31, 2004
and 2003, we paid approximately $0 and $0, respectively, for audit related services.



Tax Fees



For our fiscal years ended March 31, 2004
and 2003, we paid $0 and $0 respectively, for professional services rendered for tax compliance, tax advice, and tax planning.



All Other Fees



We did not incur any other fees related
to services rendered by our independent registered public accounting firm for the fiscal years ended March 31, 2004 and 2004 independent
registered public accounting firm is engaged by us to render any auditing or permitted non-audit related service, the engagement
be either: (i) approved by our Audit Committee or (ii) entered into pursuant to pre-approval policies and procedures established
by the Audit Committee, provided that the policies and procedures are detailed as to the particular service, the Audit Committee
is informed of each service, and such policies and procedures do not include delegation of the Audit Committee’s responsibilities
to management.



We do not have an Audit Committee. Our
Board of Directors pre-approves all services provided by our independent registered public accounting firm. All of the above services
and fees during 2004 were pre-approved by our Board of Directors. We do not have a record of the percentage of the above fees that
were pre-approved in 2003.



19







PART IV



Item 15. Exhibits. Financial Statement
Schedules.



Exhibits



|Exhibit No. |  | Description                                                                                           
|----------- |  | ------------------------------------------------------------------------------------------------------
|            |  |                                                                                                       
|31.1        |  | Certification of Principal Executive Officer pursuant to Rule 13a-14(a)/15d-14(a)                     
|31.2        |  | Certification of Principal Financial Officer pursuant to Rule 13a-14(a)/15d-14(a)                     
|32.1        |  | Certification of Principal Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
|32.2        |  | Certification of Principal Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002





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SIGNATURES



Pursuant to the requirements
of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.



|                     | MISSION MINING COMPANY
|-------------------- | ----------------------
|                     |                       
|Dated: June 23, 2020 | By:                   
|                     | Name:                 
|                     | Title:                
|                     |                       
|                     |                       
|Dated: June 23, 2020 | By:                   
|                     | Name:                 
|                     | Title:                
|                     |                       



Pursuant to the requirements
of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Company and
in the capacities and on the dates indicated.



|Dated: June 23, 2020 | By:    | Kalyan Pathuri                                  
|-------------------- | ------ | ------------------------------------------------
|                     | Name:  | Kalyan Pathuri                                  
|                     | Title: | President, Chief Executive Officer, and Director
|                     |        | (Principal Executive Officer)                   
|                     |        |                                                 
|Dated: June 23, 2020 | By:    | Amit Jain                                       
|                     | Name:  | Amit Jain                                       
|                     | Title: | Chief Financial Officer and Treasurer           
|                     |        | (Principal Financial and Accounting Officer     





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