----

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| For Quarter Ended: May 31, 2011 | Commission File Number 000-53121 |
|---------------------------------|----------------------------------|

| COLORADO                                                            |   | 47-0883144                           |
|---------------------------------------------------------------------|--------|--------------------------------------|
| (State or other jurisdiction of incorporation or organization) |   | (I.R.S. Employer Identification No.) |
|                                                                |   |                                 |
| 16200 WCR 18 E, Loveland, Colorado                                  |   | 80537                                |
| (Address of principal executive offices)                            |   | (Zip code)                           |

| Large accelerated filer  |  r |   | Accelerated filer         | r      |
|-------------------------------|---------|--------|---------------------------|--------|
|                          |    |   |                      |   |
| Non-accelerated filer         |  r |   | Smaller Reporting Company | þ |

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|                                    |                                                                                        |   | Page   |   |
|-----------------------------------------|---------------------------------------------------------------------------------------------|--------|--------|--------|
| PART I  FINANCIAL INFORMATION |                                                                                        |   |   |   |
|                                    |                                                                                        |   |   |   |   |
| Item 1.                                 | Financial Statements for the period ended May 31, 2011                                      |   |   | 3      |   |
|                                    | Balance Sheets (Unaudited)                                                                  |   |   | 3      |   |
|                                    | Statements of Operations (Unaudited)                                                        |   |   | 4      |   |
|                                    | Statements of Changes in Shareholders’ Equity (Deficit) (Unaudited)                   |   |   | 5      |   |
|                                    | Statements of Cash Flows (Unaudited)                                                        |   |   | 7      |   |
|                                    | Notes to Financial Statements                                                               |   |   | 8      |   |
|                                    |                                                                                        |   |   |   |   |
| Item 2.                                 | Management’s Discussion and Analysis of Financial Condition and Results of Operations |   |   | 9      |   |
| Item 3.                                 | Quantitative and Qualitative Disclosures About Market Risk                                  |   |   | 10     |   |
| Item 4.                                 | Controls and Procedures                                                                     |   |   | 10     |   |
|                                    |                                                                                        |   |   |   |   |
| PART II  OTHER INFORMATION    |                                                                                        |   |   |   |
|                                    |                                                                                        |   |   |   |   |
| Item 1.                                 | Legal Proceedings                                                                           |   |   | 10     |   |
| Item 1A.                                | Risk Factors                                                                                |   |   | 11     |   |
| Item 2.                                 | Unregistered Sales of Equity Securities and Use of Proceeds                                 |   |   | 15     |   |
| Item 3.                                 | Defaults Upon Senior Securities                                                             |   |   | 15     |   |
| Item 4.                                 | Submission of Matters to a Vote of Security Holders                                         |   |   | 15     |   |
| Item 5.                                 | Other Information                                                                           |   |   | 15     |   |
| Item 6.                                 | Exhibits                                                                                    |   |   | 15     |   |
|                                    |                                                                                        |   |   |   |   |
| Signatures                              |                                                                                        |   | 16     |   |

----

|                                                                |   | May 31,           |     |   | August 31, |   |
|---------------------------------------------------------------------|--------|-------------------|----------|--------|------------|--------|
|                                                                |   | 2011              |     |   | 2010       |   |
| Assets                                                              |   |  (unaudited) |     |   |       |   |
|                                                                |   |              |     |   |       |   |
| Current assets:                                                     |   |              |     |   |       |   |
| Cash                                                                |   | $                 | 7,011    |   |       | $      | 1,545 |   |
| Prepaid asset                                                       |   |              | 244      |   |       |   | 172 |   |
| Other receivable                                                    |   |              | 960      |   |       |   | — |   |
|                                                                |   |              |     |   |       |   |   |   |
| Total current assets                                                |   |              | 8,215    |   |       |   | 1,717 |   |
|                                                                |   |              |     |   |       |   |   |   |
| Property and equipment, net                                         |   |              | 20,274   |   |       |   | 25,374 |   |
|                                                                |   |              |     |   |       |   |   |   |
| Total assets                                                        |   | $                 | 28,489   |   |       | $      | 27,091 |   |
|                                                                |   |              |     |   |       |   |   |   |
|                                                                |   |              |     |   |       |   |   |   |
| Liabilities and Shareholders’ Equity (Deficit)                |   |              |     |   |       |   |   |   |
| Current liabilities:                                                |   |              |     |   |       |   |   |   |
| Accounts payable                                                    |   | $                 | 924      |   |       | $      | 477 |   |
| Accrued interest payable, related party                             |   |              | 7,003    |   |       |   | 4,623 |   |
| Loans payable to related party                                      |   |              | 58,520   |   |       |   | 77,599 |   |
|                                                                |   |              |     |   |       |   |   |   |
| Total current liabilities                                           |   |              | 66,447   |   |       |   | 82,699 |   |
|                                                                |   |              |     |   |       |   |   |   |
| Shareholders’ equity (deficit):                               |   |              |     |   |       |   |   |   |
| Preferred stock, no par value; 5,000,000 shares authorized,         |   |              |     |   |       |   |   |   |
| no shares issued and outstanding                                    |   |              | —  |   |       |   | — |   |
| Common stock, no par value; 300,000,000 shares authorized,          |   |              |     |   |       |   |   |   |
| 4,251,324 and 3,469,500 shares issued and outstanding, respectively |   |              | 316,315  |   |       |   | 235,250 |   |
| Additional paid-in capital                                          |   |              | 25,901   |   |       |   | 23,051 |   |
| Common stock subscription                                           |   |              | —  |   |       |   | 1,000 |   |
| Accumulated deficit                                                 |   |              | (500     | )      |       |   | (500 | ) |
| Deficit accumulated during development stage                        |   |              | (379,674 | )      |       |   | (314,409 | ) |
| Total shareholders' equity (deficit)                                |   |              | (37,958  | )      |       |   | (55,608 | ) |
|                                                                |   |              |     |   |       |   |   |   |
| Total liabilities and shareholders' equity (deficit)                |   | $                 | 28,489   |   |       | $      | 27,091 |   |

----

|                                         |   |                       |      |   |                      |   |      |    |   |   |      |   |   | March 1,    |      |
|----------------------------------------------|--------|----------------------------|-----------|--------|---------------------------|--------|-----------|---------|--------|--------|-----------|--------|--------|-------------|-----------|
|                                         |   |                       |      |   |                      |   |      |    |   |   |      |   |   | 2005        |      |
|                                         |   |                       |      |   |                      |   |      |    |   |   |      |   |   | (Inception) |      |
|                                         |   | For the Three Months Ended |      |   | For the Nine Months Ended |   |      | Through |   |
|                                         |   | May 31,                    |      |   | May 31,                   |   |      | May 31, |   |
|                                         |   | 2011                       |      |   | 2010                      |   |      | 2011    |   |   | 2010      |   |   | 2011        |      |
|                                         |   |                       |      |   |                      |   |      |    |   |   |      |   |   |        |      |
| Revenue                                      |   | $                          | —   |   |                      | $      | —   |    |   | $      | —   |   |   | $           | —   |   |   | $ | 1,750 |   |
|                                         |   |                       |      |   |                      |   |      |    |   |   |      |   |   |        |      |   |   |   |   |   |
| Operating expenses:                          |   |                       |      |   |                      |   |      |    |   |   |      |   |   |        |      |   |   |   |   |   |
| Professional fees                            |   |                       | 4,886     |   |                      |   | 3,376     |    |   |   | 19,487    |   |   |        | 18,050    |   |   |   | 107,318 |   |
| Contributed services, related party (Note 3) |   |                       | 900       |   |                      |   | 629       |    |   |   | 2,850     |   |   |        | 2,039     |   |   |   | 21,411 |   |
| General and administrative                   |   |                       | 14,235    |   |                      |   | 9,813     |    |   |   | 40,548    |   |   |        | 23,537    |   |   |   | 236,799 |   |
|                                         |   |                       |      |   |                      |   |      |    |   |   |      |   |   |        |      |   |   |   |   |   |
| Total operating expenses                     |   |                       | 20,021    |   |                      |   | 13,818    |    |   |   | 62,885    |   |   |        | 43,626    |   |   |   | 365,528 |   |
|                                         |   |                       |      |   |                      |   |      |    |   |   |      |   |   |        |      |   |   |   |   |   |
| Loss from operations                         |   |                       | (20,021   | )      |                      |   | (13,818   | )       |   |   | (62,885   | )      |   |        | (43,626   | ) |   |   | (363,778 | ) |
|                                         |   |                       |      |   |                      |   |      |    |   |   |      |   |   |        |      |   |   |   |   |   |
| Other income (expense)                       |   |                       |      |   |                      |   |      |    |   |   |      |   |   |        |      |   |   |   |   |   |
| Other income                                 |   |                       | —   |   |                      |   | —   |    |   |   | —   |   |   |        | 274       |   |   |   | 274 |   |
| Interest expense                             |   |                       | (694      | )      |                      |   | (1,083    | )       |   |   | (2,380    | )      |   |        | (2,847    | ) |   |   | (16,170 | ) |
|                                         |   |                       |      |   |                      |   |      |    |   |   |      |   |   |        |      |   |   |   |   |   |
| Total other expenses                         |   |                       | (694      | )      |                      |   | (1,083    | )       |   |   | (2,380    | )      |   |        | (2,573    | ) |   |   | (15,896 | ) |
|                                         |   |                       |      |   |                      |   |      |    |   |   |      |   |   |        |      |   |   |   |   |   |
| Net loss                                     |   |                       | (20,715   | )      |                      |   | (14,901   | )       |   |   | (65,265   | )      |   |        | (46,199   | ) |   |   | (379,674 | ) |
|                                         |   |                       |      |   |                      |   |      |    |   |   |      |   |   |        |      |   |   |   |   |   |
| Other comprehensive income (loss)            |   |                       |      |   |                      |   |      |    |   |   |      |   |   |        |      |   |   |   |   |   |
|                                         |   |                       |      |   |                      |   |      |    |   |   |      |   |   |        |      |   |   |   |   |   |
| Gain (loss) on foreign currency exchange     |   |                       | —   |   |                      |   | 858       |    |   |   | —   |   |   |        | 819       |   |   |   | — |   |
|                                         |   |                       |      |   |                      |   |      |    |   |   |      |   |   |        |      |   |   |   |   |   |
| Total comprehensive loss                     |   | $                          | (20,715   | )      |                      | $      | (14,043   | )       |   | $      | (65,265   | )      |   | $           | (45,380   | ) |   | $ | (379,674 | ) |
|                                         |   |                       |      |   |                      |   |      |    |   |   |      |   |   |        |      |   |   |   |   |   |
| Basic and diluted loss per share             |   | $                          | (0.00     | )      |                      | $      | (0.00     | )       |   | $      | (0.02     | )      |   | $           | (0.01     | ) |   |   |   |   |
|                                         |   |                       |      |   |                      |   |      |    |   |   |      |   |   |        |      |   |   |   |   |   |
| Basic and diluted weighted average           |   |                       |      |   |                      |   |      |    |   |   |      |   |   |        |      |   |   |   |   |   |
| common shares outstanding                    |   |                       | 4,215,546 |   |                      |   | 3,489,391 |    |   |   | 3,961,105 |   |   |        | 3,477,119 |   |   |   |   |   |

----

|                                    |   |         |      |   |    |    |    |          |   |    |        |   |   |         |    |   |        |    |    | Deficit     |   |    |    |   |
|-----------------------------------------|--------|--------------|-----------|--------|---------|---------|---------|---------------|--------|---------|-------------|--------|--------|--------------|---------|--------|-------------|---------|---------|-------------|--------|---------|---------|--------|
|                                    |   |         |      |   |    |    |    |          |   |    | Accumulated |   |   |         |    |   |        |    |    | Accumulated |   |    |    |   |
|                                    |   |         |      |   |    |    |    | Additional    |   |    | Other       |   |   | Common       |    |   |        |    |    | During      |   |    |    |   |
|                                    |   | Common Stock |      |   | Paid-in |    |    | Comprehensive |   |    | Stock       |   |   | Accumulated  |    |   | Development |    |    | Total       |   |
|                                    |   | Shares       |      |   | Amount  |    |    | Capital       |   |    | Loss        |   |   | Subscription |    |   | Deficit     |    |    | Stage       |   |    | Equity  |   |
|                                    |   |         |      |   |    |    |    |          |   |    |        |   |   |         |    |   |        |    |    |        |   |    |    |   |
| Balance at March 1, 2005 (inception)    |   |         | 100,000   |   |    | $       | 500     |          |   | $       | 100         |   |   | $            | — |   |        | $       | — |        |   | $       | (500    | )      |   | $ | — |   |   | $ | 100 |   |
|                                    |   |         |      |   |    |    |    |          |   |    |        |   |   |         |    |   |        |    |    |        |   |    |    |   |   |   |   |   |   |   |   |   |
| Common stock issued in exchange for a   |   |         |      |   |    |    |    |          |   |    |        |   |   |         |    |   |        |    |    |        |   |    |    |   |   |   |   |   |   |   |   |   |
| sailing vessel at $0.034 per share on   |   |         |      |   |    |    |    |          |   |    |        |   |   |         |    |   |        |    |    |        |   |    |    |   |   |   |   |   |   |   |   |   |
| March 4, 2005                           |   |         | 1,150,000 |   |    |    | 39,000  |          |   |    | —     |   |   |         | — |   |        |    | — |        |   |    | — |   |   |   | — |   |   |   | 39,000 |   |
|                                    |   |         |      |   |    |    |    |          |   |    |        |   |   |         |    |   |        |    |    |        |   |    |    |   |   |   |   |   |   |   |   |   |
| Net loss, period ended August 31, 2005  |   |         | —   |   |    |    | — |          |   |    | —     |   |   |         | — |   |        |    | — |        |   |    | — |   |   |   | (18,677 | ) |   |   | (18,677 | ) |
|                                    |   |         |      |   |    |    |    |          |   |    |        |   |   |         |    |   |        |    |    |        |   |    |    |   |   |   |   |   |   |   |   |   |
| Balance at August 31, 2005              |   |         | 1,250,000 |   |    |    | 39,500  |          |   |    | 100         |   |   |         | — |   |        |    | — |        |   |    | (500    | )      |   |   | (18,677 | ) |   |   | 20,423 |   |
|                                    |   |         |      |   |    |    |    |          |   |    |        |   |   |         |    |   |        |    |    |        |   |    |    |   |   |   |   |   |   |   |   |   |
| Common stock issued for services on     |   |         |      |   |    |    |    |          |   |    |        |   |   |         |    |   |        |    |    |        |   |    |    |   |   |   |   |   |   |   |   |   |
| September 20, 2005 at $0.04 per share   |   |         | 700,000   |   |    |    | 28,000  |          |   |    | —     |   |   |         | — |   |        |    | — |        |   |    | — |   |   |   | — |   |   |   | 28,000 |   |
|                                    |   |         |      |   |    |    |    |          |   |    |        |   |   |         |    |   |        |    |    |        |   |    |    |   |   |   |   |   |   |   |   |   |
| Common stock issued for services on     |   |         |      |   |    |    |    |          |   |    |        |   |   |         |    |   |        |    |    |        |   |    |    |   |   |   |   |   |   |   |   |   |
| September 20, 2005 to arelated party at |   |         |      |   |    |    |    |          |   |    |        |   |   |         |    |   |        |    |    |        |   |    |    |   |   |   |   |   |   |   |   |   |
|   $0.04 per share                  |   |         | 700,000   |   |    |    | 28,000  |          |   |    | —     |   |   |         | — |   |        |    | — |        |   |    | — |   |   |   | — |   |   |   | 28,000 |   |
|                                    |   |         |      |   |    |    |    |          |   |    |        |   |   |         |    |   |        |    |    |        |   |    |    |   |   |   |   |   |   |   |   |   |
| Various common stock issuances for cash |   |         |      |   |    |    |    |          |   |    |        |   |   |         |    |   |        |    |    |        |   |    |    |   |   |   |   |   |   |   |   |   |
| at $0.10 per share                      |   |         | 500,000   |   |    |    | 50,000  |          |   |    | —     |   |   |         | — |   |        |    | — |        |   |    | — |   |   |   | — |   |   |   | 50,000 |   |
|                                    |   |         |      |   |    |    |    |          |   |    |        |   |   |         |    |   |        |    |    |        |   |    |    |   |   |   |   |   |   |   |   |   |
| Contributed capital                     |   |         | —   |   |    |    | — |          |   |    | 1,965       |   |   |         | — |   |        |    | — |        |   |    | — |   |   |   | — |   |   |   | 1,965 |   |
|                                    |   |         |      |   |    |    |    |          |   |    |        |   |   |         |    |   |        |    |    |        |   |    |    |   |   |   |   |   |   |   |   |   |
| Net loss, year ended August 31, 2006    |   |         | —   |   |    |    | — |          |   |    | —     |   |   |         | — |   |        |    | — |        |   |    | — |   |   |   | (70,441 | ) |   |   | (70,441 | ) |
|                                    |   |         |      |   |    |    |    |          |   |    |        |   |   |         |    |   |        |    |    |        |   |    |    |   |   |   |   |   |   |   |   |   |
| Balance at August 31, 2006              |   |         | 3,150,000 |   |    |    | 145,500 |          |   |    | 2,065       |   |   |         | — |   |        |    | — |        |   |    | (500    | )      |   |   | (89,118 | ) |   |   | 57,947 |   |
|                                    |   |         |      |   |    |    |    |          |   |    |        |   |   |         |    |   |        |    |    |        |   |    |    |   |   |   |   |   |   |   |   |   |
| Contributed capital                     |   |         | —   |   |    |    | — |          |   |    | 925         |   |   |         | — |   |        |    | — |        |   |    | — |   |   |   | — |   |   |   | 925 |   |
|                                    |   |         |      |   |    |    |    |          |   |    |        |   |   |         |    |   |        |    |    |        |   |    |    |   |   |   |   |   |   |   |   |   |
| Office space contributed by an officer  |   |         | —   |   |    |    | — |          |   |    | 1,200       |   |   |         | — |   |        |    | — |        |   |    | — |   |   |   | — |   |   |   | 1,200 |   |
|                                    |   |         |      |   |    |    |    |          |   |    |        |   |   |         |    |   |        |    |    |        |   |    |    |   |   |   |   |   |   |   |   |   |
| Services contributed by an officer      |   |         | —   |   |    |    | — |          |   |    | 7,271       |   |   |         | — |   |        |    | — |        |   |    | — |   |   |   | — |   |   |   | 7,271 |   |
|                                    |   |         |      |   |    |    |    |          |   |    |        |   |   |         |    |   |        |    |    |        |   |    |    |   |   |   |   |   |   |   |   |   |
| Foreign currency exchange gain          |   |         | —   |   |    |    | — |          |   |    | —     |   |   |         | 417     |   |        |    | — |        |   |    | — |   |   |   | — |   |   |   | 417 |   |
|                                    |   |         |      |   |    |    |    |          |   |    |        |   |   |         |    |   |        |    |    |        |   |    |    |   |   |   |   |   |   |   |   |   |
| Net loss, year ended August 31, 2007    |   |         | —   |   |    |    | — |          |   |    | —     |   |   |         | — |   |        |    | — |        |   |    | — |   |   |   | (48,954 | ) |   |   | (48,954 | ) |
|                                    |   |         |      |   |    |    |    |          |   |    |        |   |   |         |    |   |        |    |    |        |   |    |    |   |   |   |   |   |   |   |   |   |
| Balance at August 31, 2007              |   |         | 3,150,000 |   |    |    | 145,500 |          |   |    | 11,461      |   |   |         | 417     |   |        |    | — |        |   |    | (500    | )      |   |   | (138,072 | ) |   |   | 18,806 |   |
|                                    |   |         |      |   |    |    |    |          |   |    |        |   |   |         |    |   |        |    |    |        |   |    |    |   |   |   |   |   |   |   |   |   |
| Common stock issued for cash on         |   |         |      |   |    |    |    |          |   |    |        |   |   |         |    |   |        |    |    |        |   |    |    |   |   |   |   |   |   |   |   |   |
| November16, 2007 at $0.25 per share     |   |         | 239,000   |   |    |    | 59,750  |          |   |    | —     |   |   |         | — |   |        |    | — |        |   |    | — |   |   |   | — |   |   |   | 59,750 |   |
|                                    |   |         |      |   |    |    |    |          |   |    |        |   |   |         |    |   |        |    |    |        |   |    |    |   |   |   |   |   |   |   |   |   |
| Contributed capital                     |   |         | —   |   |    |    | — |          |   |    | 669         |   |   |         | — |   |        |    | — |        |   |    | — |   |   |   | — |   |   |   | 669 |   |
|                                    |   |         |      |   |    |    |    |          |   |    |        |   |   |         |    |   |        |    |    |        |   |    |    |   |   |   |   |   |   |   |   |   |
| Office space contributed by an officer  |   |         | —   |   |    |    | — |          |   |    | 1,200       |   |   |         | — |   |        |    | — |        |   |    | — |   |   |   | — |   |   |   | 1,200 |   |
|                                    |   |         |      |   |    |    |    |          |   |    |        |   |   |         |    |   |        |    |    |        |   |    |    |   |   |   |   |   |   |   |   |   |
| Services contributed by an officer      |   |         | —   |   |    |    | — |          |   |    | 2,674       |   |   |         | — |   |        |    | — |        |   |    | — |   |   |   | — |   |   |   | 2,674 |   |
|                                    |   |         |      |   |    |    |    |          |   |    |        |   |   |         |    |   |        |    |    |        |   |    |    |   |   |   |   |   |   |   |   |   |
| Foreign currency exchange gain          |   |         | —   |   |    |    | — |          |   |    | —     |   |   |         | 32      |   |        |    | — |        |   |    | — |   |   |   | — |   |   |   | 32 |   |
|                                    |   |         |      |   |    |    |    |          |   |    |        |   |   |         |    |   |        |    |    |        |   |    |    |   |   |   |   |   |   |   |   |   |
| Net loss, year ended August 31, 2008    |   |         | —   |   |    |    | — |          |   |    | —     |   |   |         | — |   |        |    | — |        |   |    | — |   |   |   | (57,173 | ) |   |   | (57,173 | ) |
|                                    |   |         |      |   |    |    |    |          |   |    |        |   |   |         |    |   |        |    |    |        |   |    |    |   |   |   |   |   |   |   |   |   |
| Balance at August 31, 2008              |   |         | 3,389,000 |   |    | $  | 205,250 |          |   | $  | 16,004      |   |   | $       | 449     |   |        | $  | — |        |   | $  | (500    | )      |   | $  | (195,245 | ) |   | $  | 25,958 |   |

----

|                                                                    |   |         |      |   |    |    |    |          |   |       |    |   |   |         |    |   |        |    |    |   |   |    |          |   |        | Deficit |     |   |   |    |    |
|-------------------------------------------------------------------------|--------|--------------|-----------|--------|---------|---------|---------|---------------|--------|------------|---------|--------|--------|--------------|---------|--------|-------------|---------|---------|--------|--------|---------|---------------|--------|-------------|---------|----------|--------|--------|---------|---------|
|                                                                    |   |         |      |   |    |    |    |          |   |       |    |   |   | Accumulated  |    |   |        |    |    |   |   |    |          |   | Accumulated |    |     |   |   |    |
|                                                                    |   |         |      |   |    |    |    |          |   | Additional |    |   | Other  |         |    | Common |        |    |    |   |   |    | During        |   |        |    |     |   |
|                                                                    |   | Common Stock |      |   | Paid-in |    |    | Comprehensive |   |       | Stock   |   |   | Accumulated  |    |   | Development |    |    | Total  |   |
|                                                                    |   | Shares       |      |   | Amount  |    |    | Capital       |   |       | Loss    |   |   | Subscription |    |   | Deficit     |    |    | Stage  |   |    | Equity        |   |
|                                                                    |   |         |      |   |    |    |    |          |   |       |    |   |   |         |    |   |        |    |    |   |   |    |          |   |        |    |     |   |   |    |    |   |
|                                                                    |   |         |      |   |    |    |    |          |   |       |    |   |   |         |    |   |        |    |    |   |   |    |          |   |        |    |     |   |   |    |    |   |
|                                                                    |   |         |      |   |    |    |    |          |   |       |    |   |   |         |    |   |        |    |    |   |   |    |          |   |        |    |     |   |   |    |    |   |
| Contributed capital                                                     |   |         | —   |   |    | $  | — |          |   | $     | 1,757   |   |   | $       | — |   |        | $  | — |   |   | $  | —       |   |        | $  | —  |   |   | $  | 1,757   |   |
|                                                                    |   |         |      |   |    |    |    |          |   |       |    |   |   |         |    |   |        |    |    |   |   |    |          |   |        |    |     |   |   |    |    |   |
| Office space contributed by                                             |   |         |      |   |    |    |    |          |   |       |    |   |   |         |    |   |        |    |    |   |   |    |          |   |        |    |     |   |   |    |    |   |
|    an officer                                            |   |         | —   |   |    |    | — |          |   |       | 1,200   |   |   |         | — |   |        |    | — |   |   |    | —       |   |        |    | —  |   |   |    | 1,200   |   |
|                                                                    |   |         |      |   |    |    |    |          |   |       |    |   |   |         |    |   |        |    |    |   |   |    |          |   |        |    |     |   |   |    |    |   |
| Services contributed by an officer                                      |   |         | —   |   |    |    | — |          |   |       | 1,510   |   |   |         | — |   |        |    | — |   |   |    | —       |   |        |    | —  |   |   |    | 1,510   |   |
|                                                                    |   |         |      |   |    |    |    |          |   |       |    |   |   |         |    |   |        |    |    |   |   |    |          |   |        |    |     |   |   |    |    |   |
| Foreign currency exchange loss                                          |   |         | —   |   |    |    | — |          |   |       | — |   |   |         | (1,214  | )      |        |    | — |   |   |    | —       |   |        |    | —  |   |   |    | (1,214  | ) |
|                                                                    |   |         |      |   |    |    |    |          |   |       |    |   |   |         |    |   |        |    |    |   |   |    |          |   |        |    |     |   |   |    |    |   |
| Various Common stock issuances for                                      |   |         |      |   |    |    |    |          |   |       |    |   |   |         |    |   |        |    |    |   |   |    |          |   |        |    |     |   |   |    |    |   |
| cash at $0.20 per share                                                 |   |         | 80,500    |   |    |    | 16,100  |          |   |       | — |   |   |         | — |   |        |    | — |   |   |    | —       |   |        |    | —  |   |   |    | 16,100  |   |
|                                                                    |   |         |      |   |    |    |    |          |   |       |    |   |   |         |    |   |        |    |    |   |   |    |          |   |        |    |     |   |   |    |    |   |
| Net loss, year ended August 31, 2009                                    |   |         | —   |   |    |    | — |          |   |       | — |   |   |         | — |   |        |    | — |   |   |    | —       |   |        |    | (58,894  | )      |   |    | (58,894 | ) |
|                                                                    |   |         |      |   |    |    |    |          |   |       |    |   |   |         |    |   |        |    |    |   |   |    |          |   |        |    |     |   |   |    |    |   |
| Balance at August 31, 2009                                              |   |         | 3,469,500 |   |    |    | 221,350 |          |   |       | 20,471  |   |   |         | (765    | )      |        |    | — |   |   |    | (500          | )      |        |    | (254,139 | )      |   |    | (13,583 | ) |
|                                                                    |   |         |      |   |    |    |    |          |   |       |    |   |   |         |    |   |        |    |    |   |   |    |          |   |        |    |     |   |   |    |    |   |
| Office space contributed by                                             |   |         |      |   |    |    |    |          |   |       |    |   |   |         |    |   |        |    |    |   |   |    |          |   |        |    |     |   |   |    |    |   |
|    an officer                                            |   |         | —   |   |    |    | — |          |   |       | 1,200   |   |   |         | — |   |        |    | — |   |   |    | —       |   |        |    | —  |   |   |    | 1,200   |   |
|                                                                    |   |         |      |   |    |    |    |          |   |       |    |   |   |         |    |   |        |    |    |   |   |    |          |   |        |    |     |   |   |    |    |   |
| Services contributed by an officer                                      |   |         | —   |   |    |    | — |          |   |       | 1,380   |   |   |         | — |   |        |    | — |   |   |    | —       |   |        |    | —  |   |   |    | 1,380   |   |
|                                                                    |   |         |      |   |    |    |    |          |   |       |    |   |   |         |    |   |        |    |    |   |   |    |          |   |        |    |     |   |   |    |    |   |
| Various common stock issuances for                                      |   |         |      |   |    |    |    |          |   |       |    |   |   |         |    |   |        |    |    |   |   |    |          |   |        |    |     |   |   |    |    |   |
| cash at $0.20 per share                                                 |   |         | 44,500    |   |    |    | 8,900   |          |   |       | — |   |   |         | — |   |        |    | — |   |   |    | —       |   |        |    | —  |   |   |    | 8,900   |   |
|                                                                    |   |         |      |   |    |    |    |          |   |       |    |   |   |         |    |   |        |    |    |   |   |    |          |   |        |    |     |   |   |    |    |   |
| Common stock issued for cash on July                               |   |         |      |   |    |    |    |          |   |       |    |   |   |         |    |   |        |    |    |   |   |    |          |   |        |    |     |   |   |    |    |   |
| 24, 2010 at $0.15 per share                                             |   |         | 33,334    |   |    |    | 5,000   |          |   |       | — |   |   |         | — |   |        |    | — |   |   |    | —       |   |        |    | —  |   |   |    | 5,000   |   |
|                                                                    |   |         |      |   |    |    |    |          |   |       |    |   |   |         |    |   |        |    |    |   |   |    |          |   |        |    |     |   |   |    |    |   |
| Foreign currency exchange gain                                          |   |         | —   |   |    |    | — |          |   |       | — |   |   |         | 765     |   |        |    | — |   |   |    | —       |   |        |    | —  |   |   |    | 765     |   |
|                                                                    |   |         |      |   |    |    |    |          |   |       |    |   |   |         |    |   |        |    |    |   |   |    |          |   |        |    |     |   |   |    |    |   |
| Common stock subscribed on June 2, 2010                                 |   |         | —   |   |    |    | — |          |   |       | — |   |   |         | — |   |        |    | 1,000   |   |   |    | —       |   |        |    | —  |   |   |    | 1,000   |   |
|                                                                    |   |         |      |   |    |    |    |          |   |       |    |   |   |         |    |   |        |    |    |   |   |    |          |   |        |    |     |   |   |    |    |   |
| Net loss, year ended August 31, 2010                                    |   |         | —   |   |    |    | — |          |   |       | — |   |   |         | — |   |        |    | — |   |   |    |  — |   |        |    | (60,270  | )      |   |    | (60,270 | ) |
|                                                                    |   |         |      |   |    |    |    |          |   |       |    |   |   |         |    |   |        |    |    |   |   |    |          |   |        |    |     |   |   |    |    |   |
| Balance at August 31, 2010                                              |   |         | 3,547,334 |   |    |    | 235,250 |          |   |       | 23,051  |   |   |         | — |   |        |    | 1,000   |   |   |    | (500          | )      |        |    | (314,409 | )      |   |    | (55,608 | ) |
|                                                                    |   |         |      |   |    |    |    |          |   |       |    |   |   |         |    |   |        |    |    |   |   |    |          |   |        |    |     |   |   |    |    |   |
| Office space contributed by                                             |   |         |      |   |    |    |    |          |   |       |    |   |   |         |    |   |        |    |    |   |   |    |          |   |        |    |     |   |   |    |    |   |
|    an officer (unaudited)                                |   |         | —   |   |    |    | — |          |   |       | 900     |   |   |         | — |   |        |    | — |   |   |    | —       |   |        |    | —  |   |   |    | 900     |   |
|                                                                    |   |         |      |   |    |    |    |          |   |       |    |   |   |         |    |   |        |    |    |   |   |    |          |   |        |    |     |   |   |    |    |   |
| Services contributed by an officer      (unaudited) |   |         | —   |   |    |    | — |          |   |       | 1,950   |   |   |         | — |   |        |    | — |   |   |    | —       |   |        |    | —  |   |   |    | 1,950   |   |
|                                                                    |   |         |      |   |    |    |    |          |   |       |    |   |   |         |    |   |        |    |    |   |   |    |          |   |        |    |     |   |   |    |    |   |
| Various common stock issuances for cash                                 |   |         |      |   |    |    |    |          |   |       |    |   |   |         |    |   |        |    |    |   |   |    |          |   |        |    |     |   |   |    |    |   |
| at $0.15 per share (unaudited)                                          |   |         | 206,669   |   |    |    | 31,000  |          |   |       | — |   |   |         | — |   |        |    | — |   |   |    | —       |   |        |    | —  |   |   |    | 31,000  |   |
|                                                                    |   |         |      |   |    |    |    |          |   |       |    |   |   |         |    |   |        |    |    |   |   |    |          |   |        |    |     |   |   |    |    |   |
| Common stock subscribed on November 30,                                 |   |         |      |   |    |    |    |          |   |       |    |   |   |         |    |   |        |    |    |   |   |    |          |   |        |    |     |   |   |    |    |   |
| 2010 (unaudited)                                                        |   |         | 6,667     |   |    |    | 1,000   |          |   |       | — |   |   |         | — |   |        |    | (1,000  | )      |   |    | —       |   |        |    | —  |   |   |    | — |   |
|                                                                    |   |         |      |   |    |    |    |          |   |       |    |   |   |         |    |   |        |    |    |   |   |    |          |   |        |    |     |   |   |    |    |   |
| Conversion of related party note into                                   |   |         |      |   |    |    |    |          |   |       |    |   |   |         |    |   |        |    |    |   |   |    |          |   |        |    |     |   |   |    |    |   |
| common stock at $0.10 per share on                                      |   |         |      |   |    |    |    |          |   |       |    |   |   |         |    |   |        |    |    |   |   |    |          |   |        |    |     |   |   |    |    |   |
| February 28, 2011 (unaudited)                                           |   |         | 490,654   |   |    |    | 49,065  |          |   |       | — |   |   |         | — |   |        |    | — |   |   |    | —       |   |        |    | —  |   |   |    | 49,065  |   |
|                                                                    |   |         |      |   |    |    |    |          |   |       |    |   |   |         |    |   |        |    |    |   |   |    |          |   |        |    |     |   |   |    |    |   |
| Net loss, period ended May 31, 2011                                     |   |         |      |   |    |    |    |          |   |       |    |   |   |         |    |   |        |    |    |   |   |    |          |   |        |    |     |   |   |    |    |   |
| (unaudited)                                                             |   |         | —   |   |    |    | — |          |   |       | — |   |   |         | — |   |        |    | — |   |   |    | —       |   |        |    | (65,265  | )      |   |    | (65,265 | ) |
|                                                                    |   |         |      |   |    |    |    |          |   |       |    |   |   |         |    |   |        |    |    |   |   |    |          |   |        |    |     |   |   |    |    |   |
| Balance at May 31, 2011 (unaudited)                                     |   |         | 4,251,324 |   |    | $       | 316,315 |          |   | $          | 25,901  |   |   | $            | — |   |        | $       | — |   |   | $       | (500          | )      |        | $       | (379,674 | )      |   | $       | (37,958 | ) |

----

|                                                            |   |                      |    |   |    |   |    | March 1,    |   |
|-----------------------------------------------------------------|--------|---------------------------|---------|--------|---------|--------|---------|-------------|--------|
|                                                            |   |                      |    |   |    |   |    | 2005        |   |
|                                                            |   |                      |    |   |    |   |    | (Inception) |   |
|                                                            |   | For the Nine Months Ended |    |   | Through |   |
|                                                            |   | May 31,                   |    |   | May 31, |   |
|                                                            |   | 2011                      |    |   | 2010    |   |    | 2011        |   |
| Cash flows from operating activities:                           |   |                      |    |   |    |   |    |        |   |
| Net loss                                                        |   | $                         | (65,265 | )      |    | $      | (46,199 | )           |   | $ | (379,674 | ) |
| Adjustments to reconcile net loss to net cash                   |   |                      |    |   |    |   |    |        |   |   |   |   |
| used by operating activities:                                   |   |                      |    |   |    |   |    |        |   |   |   |   |
| Depreciation expense                                            |   |                      | 5,100   |   |    |   | 6,604   |        |   |   | 45,597 |   |
| Contributed capital to fund expenses                            |   |                      | 2,850   |   |    |   | 2,039   |        |   |   | 25,801 |   |
| Common stock issued for services                                |   |                      | — |   |    |   | — |        |   |   | 56,000 |   |
| Changes in operating assets and liabilities:                    |   |                      |    |   |    |   |    |        |   |   |   |   |
| (Increase) decrease in prepaid services                         |   |                      | (72     | )      |    |   | 86      |        |   |   | (244 | ) |
| (Increase) decrease in other receivables                        |   |                      | (960    | )      |    |   | — |        |   |   | (960 | ) |
| Increase (decrease) in accounts payable and accrued liabilities |   |                      | 2,827   |   |    |   | 3,668   |        |   |   | 14,841 |   |
| Net cash used in operating activities                           |   |                      | (55,520 | )      |    |   | (33,802 | )           |   |   | (238,639 | ) |
|                                                            |   |                      |    |   |    |   |    |        |   |   |   |   |
| Cash flows from investing activities:                           |   |                      |    |   |    |   |    |        |   |   |   |   |
| Cash paid for fixed assets                                      |   |                      | — |   |    |   | (6,576  | )           |   |   | (26,870 | ) |
| Net cash used in investing activities                           |   |                      | — |   |    |   | (6,576  | )           |   |   | (26,870 | ) |
|                                                            |   |                      |    |   |    |   |    |        |   |   |   |   |
| Cash flows from financing activities:                           |   |                      |    |   |    |   |    |        |   |   |   |   |
| Common stock issued for cash                                    |   |                      | 31,000  |   |    |   | 8,900   |        |   |   | 171,750 |   |
| Proceeds from related party loans                               |   |                      | 31,986  |   |    |   | 25,966  |        |   |   | 102,670 |   |
| Payments towards related party loans                            |   |                      | (2,000  | )      |    |   | — |        |   |   | (2,000 | ) |
| Net cash provided by financing activities                       |   |                      | 60,986  |   |    |   | 34,866  |        |   |   | 272,420 |   |
|                                                            |   |                      |    |   |    |   |    |        |   |   |   |   |
| Net change in cash                                              |   |                      | 5,466   |   |    |   | (5,512  | )           |   |   | 6,911 |   |
|                                                            |   |                      |    |   |    |   |    |        |   |   |   |   |
| Cash, beginning of period                                       |   |                      | 1,545   |   |    |   | 13,612  |        |   |   | 100 |   |
|                                                            |   |                      |    |   |    |   |    |        |   |   |   |   |
| Cash, end of period                                             |   | $                         | 7,011   |   |    | $      | 8,100   |        |   | $ | 7,011 |   |
|                                                            |   |                      |    |   |    |   |    |        |   |   |   |   |
| Supplemental disclosure of cash flow information:               |   |                      |    |   |    |   |    |        |   |   |   |   |
| Cash paid during the period for:                                |   |                      |    |   |    |   |    |        |   |   |   |   |
| Income taxes                                                    |   | $                         | — |   |    | $      | — |        |   | $ | — |   |
| Interest                                                        |   | $                         | — |   |    | $      | — |        |   | $ | — |   |
|                                                            |   |                      |    |   |    |   |    |        |   |   |   |   |
|                                                            |   |                      |    |   |    |   |    |        |   |   |   |   |
| NON CASH FINANCING ACTIVITIES:                                  |   |                      |    |   |    |   |    |        |   |   |   |   |
| Common stock issued for services                                |   | $                         | — |   |    | $      | — |        |   | $ | 56,000 |   |

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|   | 31.1: | Certification of Principal Executive and Financial Officer |
|--------|-------|------------------------------------------------------------|

|   | 32.1: | Section 1350 Certification |
|--------|-------|----------------------------|

----

|                | ROSEWIND CORPORATION |                       |
|---------------------|----------------------|----------------------------|
|                | (Registrant)         |                       |
|                |                 |                       |   |
| Date: July 13, 2011 | By:                  |  /s/ James B. Wiegand |   |
|                |                 | James B. Wiegand           |   |
|                |                 | President                  |   |
|                |                 |                       |   |

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