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| Nevada                   | 45-0704149               |
|--------------------------|--------------------------|
| (State of incorporation) | (IRS Employer ID Number) |

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| Large accelerated filer o | Accelerated filer o              |
|--------------------------------|----------------------------------|
| Non-accelerated filer o   | Smaller reporting company x |

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|       |                                                                                                               | Page Number |
|------------|--------------------------------------------------------------------------------------------------------------------|-------------|
| Part I     |                                                                                                               |        |
|       |                                                                                                               |        |
| Item 1     | Business                                                                                                           | 3           |
| Item 1A    | Risk Factors                                                                                                       | 4           |
| Item 1B    | Unresolved Staff Comments                                                                                          | 9           |
| Item 2     | Properties                                                                                                         | 9           |
| Item 3     | Legal Proceedings                                                                                                  | 9           |
| Item 4     | Mine Safety Disclosures                                                                                            | 9           |
|       |                                                                                                               |        |
| Part II    |                                                                                                               |        |
|       |                                                                                                               |        |
| Item 5     | Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities | 9           |
| Item 6     | Selected Financial Data                                                                                            | 12          |
| Item 7     | Management’s Discussion and Analysis of Financial Condition and Results of Operations                        | 12          |
| Item 7A    | Quantitative and Qualitative Disclosures About Market Risk                                                         | 15          |
| Item 8     | Financial Statements and Supplementary Data                                                                        | 15          |
| Item 9     | Changes in and Disagreements with Accountants on Accounting and Financial Disclosure                               | 15          |
| Item 9A    | Controls and Procedures                                                                                            | 16          |
| Item 9B    | Other Information                                                                                                  | 17          |
|       |                                                                                                               |        |
| Part III   |                                                                                                               |        |
|       |                                                                                                               |        |
| Item 10    | Directors, Executive Officers and Corporate Governance                                                             | 17          |
| Item 11    | Executive Compensation                                                                                             | 19          |
| Item 12    | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters                     | 20          |
| Item 13    | Certain Relationships and Related Transactions, and Director Independence                                          | 21          |
| Item 14    | Principal Accounting Fees and Services                                                                             | 22          |
|       |                                                                                                               |        |
| Part IV    |                                                                                                               |        |
|       |                                                                                                               |        |
| Item 15    | Exhibits, Financial Statement Schedules                                                                            | 23          |
|       |                                                                                                               |        |
| Signatures |                                                                                                               | 24          |

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| · | breakdown of equipment; |
|--------|-------------------------|

| · | labor disputes; |
|--------|-----------------|

| · | imposition of new government regulations; |
|--------|-------------------------------------------|

| · | sabotage by operational personnel; |
|--------|------------------------------------|

| · | cost overruns; and |
|--------|--------------------|

| · | fire, flood, or other acts of God. |
|--------|------------------------------------|

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| · | pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of the assets of the Company; |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the Company are being made only in accordance with authorizations of management and/or directors of the Company; and |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of the Company’s assets that could have a material effect on the financial statements. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| · | control of the market for the security by one or a few broker-dealers that are often related to a promoter or issuer; |
|--------|-----------------------------------------------------------------------------------------------------------------------|

| · | manipulation of prices through prearranged matching of purchases and sales and false and misleading press releases; |
|--------|---------------------------------------------------------------------------------------------------------------------|

| · | boiler room practices involving high pressure sales tactics and unrealistic price projections by sales persons; |
|--------|-----------------------------------------------------------------------------------------------------------------|

| · | excessive and undisclosed bid-ask differentials and markups by selling broker-dealers; and |
|--------|--------------------------------------------------------------------------------------------|

| · | wholesale dumping of the same securities by promoters and broker-dealers after prices have been manipulated to a desired level, along with the inevitable collapse of those prices with consequent investor losses. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|                                |   | High   |   |   | Low    |   |
|-------------------------------------|--------|--------|--------|--------|--------|--------|
| Fiscal year ended December 31, 2016 |   |   |   |   |   |   |
| Quarter ended December 31, 2016     |   | $      | 0.25   |   |   | $      | 0.03 |   |
| Quarter ended September 30, 2016    |   | $      | 0.08   |   |   | $      | 0.02 |   |
| Quarter ended June 30, 2016         |   | $      | 0.18   |   |   | $      | 0.04 |   |
| Quarter ended March 30, 2016        |   | $      | 0.19   |   |   | $      | 0.07 |   |
|                                |   |   |   |   |   |   |   |   |
| Fiscal year ended December 31, 2015 |   |   |   |   |   |   |   |   |
| Quarter ended December 31, 2015     |   | $      | 0.30   |   |   | $      | 0.25 |   |
| Quarter ended September 30, 2015    |   | $      | 0.40   |   |   | $      | 0.27 |   |
| Quarter ended June 30, 2015         |   | $      | 0.40   |   |   | $      | 0.17 |   |
| Quarter ended March 31, 2015        |   | $      | 0.23   |   |   | $      | 0.04 |   |
|                                |   |   |   |   |   |   |   |   |
| Fiscal year ended December 31, 2014 |   |   |   |   |   |   |   |   |
| Quarter ended December 31, 2014     |   | $      | 0.30   |   |   | $      | 0.24 |   |
| Quarter ended September 30, 2014    |   | $      | 0.80   |   |   | $      | 0.14 |   |
| Quarter ended June 30, 2014         |   | $      | 0.12   |   |   | $      | 0.02 |   |
| Quarter ended March 31, 2014        |   | $      | 0.02   |   |   | $      | 0.001 |   |

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|  | -- | Pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of our assets; |
|--|----|------------------------------------------------------------------------------------------------------------------------------------------------|

|  | -- | Provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that our receipts and expenditures are being made only in accordance with authorizations of our management and directors; and |
|--|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | -- | Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of our assets that could have a material effect on the financial statements. |
|--|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Name           |   | Age    |   | Position Held and Tenure                                        |
|----------------|--------|--------|--------|-----------------------------------------------------------------|
|           |   |   |   |                                                            |
| John T. Bauska |   | 66     |   | President, Chief Executive Officer,                             |
|           |   |   |   | Secretary/Treasurer, Chief Financial Officer and Sole Director, |
|           |   |   |   | since November 2016                                             |
|           |   |   |   |                                                            |
| Dan M. Leatzow |   | 40     |   | Director, since November 2016                                   |

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|  | (1) | No director, officer, significant employee or consultant has been convicted in a criminal proceeding, exclusive of traffic violations or is subject to any pending criminal proceeding. |
|--|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | (2) | No bankruptcy petitions have been filed by or against any business or property of any director, officer, significant employee or consultant of the Company nor has any bankruptcy petition been filed against a partnership or business association where these persons were general partners or executive officers. |
|--|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | (3) | No director, officer, significant employee or consultant has been permanently or temporarily enjoined, barred, suspended or otherwise limited from involvement in any type of business, securities or banking activities. |
|--|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | (4) | No director, officer or significant employee has been convicted of violating a federal or state securities or commodities law. |
|--|-----|--------------------------------------------------------------------------------------------------------------------------------|

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| Name andPrincipal Position |   | Year   |   | Salary($) |   |   | Bonus ($) |   |   | StockAwards ($) |   |   | OptionAwards ($) |   |   | Non-EquityIncentive PlanCompensation ($) |   |   | Change inPensionValue andNonqualifiedDeferredCompensationEarnings ($) |   |      | All OtherCompensation ($) |   |   | Total ($) |   |
|----------------------------|--------|--------|--------|-----------|--------|--------|-----------|--------|--------|-----------------|--------|--------|------------------|--------|--------|------------------------------------------|--------|--------|-----------------------------------------------------------------------|--------|-----------|---------------------------|--------|--------|-----------|--------|
|                       |   |   |   |      |   |   |      |   |   |            |   |   |             |   |   |                                     |   |   |                                                                  |   |      |                      |   |   |      |   |
| Wayne Duke                 |   | 2016   |   | $         | -0-    |   |      | $      | -0-    |            |   | $      | -0-              |   |   | $                                        | -0-    |   |                                                                  | $      | -0-       |                      |   | $      | -0-       |   |   | $ | -0- |   |   | $ | -0- |   |
| Former Principal           |   |   |   |      |   |   |      |   |   |            |   |   |             |   |   |                                     |   |   |                                                                  |   |      |                      |   |   |      |   |   |   |   |   |   |   |   |   |
| Executive Officer          |   |   |   |      |   |   |      |   |   |            |   |   |             |   |   |                                     |   |   |                                                                  |   |      |                      |   |   |      |   |   |   |   |   |   |   |   |   |
|                       |   |   |   |      |   |   |      |   |   |            |   |   |             |   |   |                                     |   |   |                                                                  |   |      |                      |   |   |      |   |   |   |   |   |   |   |   |   |
| Carla Wienert,             |   | 2015   |   | $         | 33,365 |   |      | $      | -0-    |            |   | $      | -0-              |   |   | $                                        | -0-    |   |                                                                  | $      | -0-       |                      |   | $      | -0-       |   |   | $ | -0- |   |   | $ | -0- |   |
| Former Principal           |   | 2014   |   | $         | -0-    |   |      | $      | -0-    |            |   | $      | -0-              |   |   | $                                        | -0-    |   |                                                                  | $      | -0-       |                      |   | $      | -0-       |   |   | $ | 2,500 |   |   | $ | 2,500 |   |
| Executive Officer          |   |   |   |      |   |   |      |   |   |            |   |   |             |   |   |                                     |   |   |                                                                  |   |      |                      |   |   |      |   |   |   |   |   |   |   |   |   |
|                       |   |   |   |      |   |   |      |   |   |            |   |   |             |   |   |                                     |   |   |                                                                  |   |      |                      |   |   |      |   |   |   |   |   |   |   |   |   |
| Gracela Moreno,            |   | 2015   |   | $         | 15,000 |   |      |   | -0-    |            |   | $      | -0-              |   |   | $                                        | -0-    |   |                                                                  | $      | -0-       |                      |   | $      | -0-       |   |   | $ | -0- |   |   | $ | 15,000 |   |
| Former Principal           |   | 2014   |   | $         | 22,000 |   |      |   | -0-    |            |   | $      | -0-              |   |   | $                                        | -0-    |   |                                                                  | $      |  -0- |                      |   | $      | -0-       |   |   | $ | -0- |   |   | $ | 22,000 |   |
| Executive Officer          |   |   |   |      |   |   |      |   |   |            |   |   |             |   |   |                                     |   |   |                                                                  |   |      |                      |   |   |      |   |   |   |   |   |   |   |   |   |

|                            |   | Shares Beneficially Owned (1) |        |
|---------------------------------|--------|-------------------------------|-------------|
| Name and address                |   | Number of Shares              |        |   | Percentage (3) |   |
|                            |   |                          |        |   |   |   |
| Armada Mining, Inc. (2)         |   |                          | 284,580,000 |   |   |   | 84.6 | % |
| 1137 Highway 80 East            |   |                          |        |   |   |   |   |   |
| PO Box 1218                     |   |                          |        |   |   |   |   |   |
| Tombstone AZ 86638              |   |                          |        |   |   |   |   |   |
|                            |   |                          |        |   |   |   |   |   |
| John T. Bauska (2)              |   |                          | 284,580,000 |   |   |   | 84.6 | % |
| 1137 Highway 80 East            |   |                          |        |   |   |   |   |   |
| PO Box 1218                     |   |                          |        |   |   |   |   |   |
| Tombstone AZ 86638              |   |                          |        |   |   |   |   |   |
|                            |   |                          |        |   |   |   |   |   |
| All Executive officers and      |   |                          |        |   |   |   |   |   |
| Directors as a Group (1 person) |   |                          | 284,580,000 |   |   |   | 84.6 | % |

| (1) | On February 20, 2017, there were 336,300,000 shares of our common stock outstanding and no shares of preferred stock issued and outstanding.  We have no outstanding stock options or warrants. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | Under applicable SEC rules, a person is deemed the "beneficial owner" of a security with regard to which the  person directly or indirectly, has or shares (a) the voting power, which includes the power to vote or direct the  voting of the security, or (b) the investment power, which includes the power to dispose,  or direct the disposition, of the security, in each case irrespective of the person's economic interest in the security.  Under SEC rules, a person is deemed to beneficially own securities which the person has the right to acquire within 60 days through the exercise of any option or warrant or through the conversion of another security. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| (3) | In determining the percent of voting stock owned by a person on December 31, 2016 (a) the numerator is the number of shares of common stock beneficially owned by the person, including shares the beneficial ownership of which may be acquired within 60 days upon the exercise of options or warrants or conversion of convertible securities,  and (b) the denominator is the total of (i) the 336,300,000 shares of common stock outstanding on February 20, 2016, and (ii) any shares of common stock which the person has the right to acquire within 60 days upon the exercise of options or warrants or conversion of convertible securities.  Neither the numerator nor the denominator includes shares which may be issued upon the exercise of any other options or warrants or the conversion of any other convertible securities. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| · | None of our officers and directors is required to commit their full time to our affairs and, accordingly, they may have conflicts of interest in allocating management time among various business activities. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | In the course of their other business activities, our officers and directors may become aware of investment and business opportunities that may be appropriate for presentation to us as well as the other entities with which they are affiliated. They may have conflicts of interest in determining to which entity a particular business opportunity should be presented. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | Our officers and directors may in the future become affiliated with entities, including other blank check companies, engaged in business activities similar to those intended to be conducted by us. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | Since all of our directors own shares of our common stock that could be sold, in whole or in part, as a negotiated element of a business acquisition, our board may have a conflict of interest in determining whether a particular target business is appropriate to effect a business combination. The personal and financial interests of our directors and officers may influence their motivation in identifying and selecting a target business and completing a business combination. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | the corporation could financially undertake the opportunity; |
|--------|--------------------------------------------------------------|

| · | the opportunity is within the corporation's line of business; and |
|--------|-------------------------------------------------------------------|

| · | it would not be fair to the corporation and its stockholders for the opportunity not to be brought to the attention of the corporation. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------|

|                                                                 |   | Year ended   |    |   | Year ended   |   |
|----------------------------------------------------------------------|--------|--------------|---------|--------|--------------|--------|
|                                                                 |   | December 31, |    |   | December 31, |   |
|                                                                 |   | 2015         |    |   | 2015         |   |
| 1. Audit fees                                                        |   |         |    |   |         |   |
| M&K CPA’s, PLLC                                            |   | $            | — |   |         | $      | 13,285 |   |
| L & L CPA’s PA (formerly Bongiovanni & Associates, PA) |   |         | 9,500   |   |         |   | 8,000 |   |
| 2. Audit-related fees                                                |   |         | — |   |         |   | — |   |
| 3. Tax fees                                                          |   |         | — |   |         |   | — |   |
| 4. All other fees                                                    |   |         | — |   |         |   | — |   |
|                                                                 |   |         |    |   |         |   |   |   |
| Totals                                                               |   | $            | 9,500   |   |         | $      | 21,285 |   |

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| 3.1* | Articles of Incorporation |
|------|---------------------------|

| 3.2* | Bylaws |
|------|--------|

| 31.1 | Section 302 Certifications under Sarbanes-Oxley Act of 2002 |
|------|-------------------------------------------------------------|

| 32.1 | Section 906 Certification under Sarbanes Oxley Act of 2002 |
|------|------------------------------------------------------------|

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|                                                                      | Page   |
|---------------------------------------------------------------------------|--------|
| Report of Registered Independent Public Accounting Firm                   |   |
| David S. Friedkin, CPA                                                    | F-2    |
| L&L CPAS PA                                                           | F-3    |
|                                                                      |   |
| Consolidated Financial Statements                                         |   |
|                                                                      |   |
| Consolidated Balance Sheets                                               |   |
| as of December 31, 2016 and 2015                                          | F-4    |
|                                                                      |   |
| Consolidated Statements of Operations and Comprehensive Loss              |   |
| for the years ended December 31, 2016 and 2015                            | F-5    |
|                                                                      |   |
| Consolidated Statement of Changes in Stockholders’ Equity (Deficit) |   |
| for the years ended December 31, 2016 and 2015                            | F-6    |
|                                                                      |   |
| Consolidated Statements of Cash Flows                                     |   |
| for the years ended December 31, 2016 and 2015                            | F-7    |
|                                                                      |   |
| Notes to Consolidated Financial Statements                                | F-8    |

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|                                                       |   | December 31, |        |   | December 31, |   |
|------------------------------------------------------------|--------|--------------|-------------|--------|--------------|--------|
|                                                       |   | 2016         |        |   | 2015         |   |
| ASSETS                                                     |   |
|                                                       |   |         |        |   |         |   |
| Current Assets                                             |   |         |        |   |         |   |
| Cash and cash equivalents                                  |   | $            | —     |   |         | $      | — |   |
|                                                       |   |         |        |   |         |   |   |   |
| Total Current Assets                                       |   |         | —     |   |         |   | — |   |
|                                                       |   |         |        |   |         |   |   |   |
| Total Assets                                               |   | $            | —     |   |         | $      | — |   |
|                                                       |   |         |        |   |         |   |   |   |
|                                                       |   |         |        |   |         |   |   |   |
| LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)             |   |
|                                                       |   |         |        |   |         |   |   |   |
| Current Liabilities                                        |   |         |        |   |         |   |   |   |
| Accounts payable - Trade                                   |   | $            | 12,236      |   |         | $      | 20,947 |   |
| Accrued expenses to former management                      |   |         | 59,846      |   |         |   | 59,846 |   |
| Accrued interest payable to stockholder                    |   |         | 60,888      |   |         |   | 81,816 |   |
| Note payable to stockholder                                |   |         | 820,371     |   |         |   | 607,314 |   |
|                                                       |   |         |        |   |         |   |   |   |
| Total Liabilities                                          |   |         | 953,341     |   |         |   | 769,923 |   |
|                                                       |   |         |        |   |         |   |   |   |
| Commitments and Contingencies                              |   |         |        |   |         |   |   |   |
|                                                       |   |         |        |   |         |   |   |   |
| Stockholders' Equity (Deficit)                             |   |         |        |   |         |   |   |   |
| Preferred stock - $0.001 par value                         |   |         |        |   |         |   |   |   |
| 25,000,000 shares authorized.                              |   |         |        |   |         |   |   |   |
| None issued and outstanding.                               |   |         | —     |   |         |   | — |   |
| Common stock - $0.001 par value.                           |   |         |        |   |         |   |   |   |
| 500,000,000 shares authorized.                             |   |         |        |   |         |   |   |   |
| 50,720,000 and 50,220,000 shares                           |   |         |        |   |         |   |   |   |
| issued and outstanding                                     |   |         | 51,720      |   |         |   | 50,220 |   |
| Additional paid-in capital                                 |   |         | 59,552,470  |   |         |   | 59,336,620 |   |
| Accumulated deficit                                        |   |         | (60,557,531 | )      |         |   | (60,156,763 | ) |
|                                                       |   |         |        |   |         |   |   |   |
| Total Stockholders' Equity (Deficit)                       |   |         | (953,341    | )      |         |   | (769,923 | ) |
|                                                       |   |         |        |   |         |   |   |   |
| Total Liabilities and Stockholders’ Equity (Deficit) |   | $            | —     |   |         | $      | — |   |

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|                                                            |   | Year ended   |       |   | Year ended   |   |
|-----------------------------------------------------------------|--------|--------------|------------|--------|--------------|--------|
|                                                            |   | December 31, |       |   | December 31, |   |
|                                                            |   | 2016         |       |   | 2015         |   |
|                                                            |   |         |       |   |         |   |
| Revenues                                                        |   | $            | —    |   |         | $      | — |   |
| Cost of Sales                                                   |   |         | —    |   |         |   | — |   |
|                                                            |   |         |       |   |         |   |   |   |
| Gross Profit                                                    |   |         | —    |   |         |   | — |   |
|                                                            |   |         |       |   |         |   |   |   |
| Operating expenses                                              |   |         |       |   |         |   |   |   |
| Professional fees                                               |   |         | 98,793     |   |         |   | 462,640 |   |
| General and administrative costs                                |   |         | —    |   |         |   | 98,485 |   |
| Depreciation and amortization                                   |   |         | —    |   |         |   | — |   |
|                                                            |   |         |       |   |         |   |   |   |
| Total operating expenses                                        |   |         | 98,793     |   |         |   | 561,125 |   |
|                                                            |   |         |       |   |         |   |   |   |
| Loss from operations                                            |   |         | (98,793    | )      |         |   | (561,125 | ) |
|                                                            |   |         |       |   |         |   |   |   |
| Other income (expense)                                          |   |         |       |   |         |   |   |   |
| Loss on abandonment of grow operation                           |   |         | —    |   |         |   | (52,644 | ) |
| Loss on theft of grow operation assets                          |   |         | —    |   |         |   | (51,380 | ) |
| Interest expense on notes payable to stockholders               |   |         | (301,975   | )      |         |   | (73,340 | ) |
|                                                            |   |         |       |   |         |   |   |   |
| Loss before provision for income taxes                          |   |         | (400,768   | )      |         |   | (738,489 | ) |
|                                                            |   |         |       |   |         |   |   |   |
| Provision for income taxes                                      |   |         | —    |   |         |   | — |   |
|                                                            |   |         |       |   |         |   |   |   |
| Net loss                                                        |   |         | (400,768   | )      |         |   | (738,489 | ) |
|                                                            |   |         |       |   |         |   |   |   |
| Other comprehensive income                                      |   |         | —    |   |         |   | — |   |
|                                                            |   |         |       |   |         |   |   |   |
| Comprehensive loss                                              |   | $            | (400,768   | )      |         | $      | (738,489 | ) |
|                                                            |   |         |       |   |         |   |   |   |
| Loss per weighted-average share of common stock outstanding,    |   |         |       |   |         |   |   |   |
| computed on net loss - basic and fully diluted                  |   | $            | (0.01      | )      |         | $      | (0.01 | ) |
|                                                            |   |         |       |   |         |   |   |   |
| Weighted-average number of shares of common stock outstanding - |   |         |       |   |         |   |   |   |
| basic and fully diluted                                         |   |         | 50,347,049 |   |         |   | 50,217,945 |   |

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|                                                    |   |         |       |   |    |   |    | Additional  |   |   |       |   |   |   |        |
|---------------------------------------------------------|--------|--------------|------------|--------|---------|--------|---------|-------------|--------|--------|------------|--------|--------|--------|-------------|
|                                                    |   | Common Stock |       |   | paid-in |   |    | Accumulated |   |   |       |   |
|                                                    |   | Shares       |       |   | Amount  |   |    | capital     |   |   | Deficit    |   |   | Total  |        |
|                                                    |   |         |       |   |    |   |    |        |   |   |       |   |   |   |        |
| Balances at December 31, 2014                           |   |         | 50,170,000 |   |    | $      | 50,170  |        |   | $      | 59,021,670 |   |   | $      | (59,418,274 | ) |   | $ | (346,434 | ) |
|                                                    |   |         |       |   |    |   |    |        |   |   |       |   |   |   |        |   |   |   |   |   |
| Issuance of common stock for consulting fees       |   |         | 50,000     |   |    |   | 50      |        |   |   | 14,950     |   |   |   | —     |   |   |   | 15,000 |   |
|                                                    |   |         |       |   |    |   |    |        |   |   |       |   |   |   |        |   |   |   |   |   |
| Contributed capital                                     |   |         | —    |   |    |   | — |        |   |   | 300,000    |   |   |   | —     |   |   |   | 300,000 |   |
|                                                    |   |         |       |   |    |   |    |        |   |   |       |   |   |   |        |   |   |   |   |   |
| Net loss for the year                                   |   |         | —    |   |    |   | — |        |   |   | —    |   |   |   | (738,489    | ) |   |   | (738,489 | ) |
|                                                    |   |         |       |   |    |   |    |        |   |   |       |   |   |   |        |   |   |   |   |   |
| Balances at December 31, 2015                           |   |         | 50,220,000 |   |    |   | 50,220  |        |   |   | 59,336,620 |   |   |   | (60,156,763 | ) |   |   | (769,923 | ) |
|                                                    |   |         |       |   |    |   |    |        |   |   |       |   |   |   |        |   |   |   |   |   |
| Partial conversion of note payable to common stock |   |         | 1,500,000  |   |    |   | 1,500   |        |   |   | 125,850    |   |   |   | —     |   |   |   | 217,150 |   |
|                                                    |   |         |       |   |    |   |    |        |   |   |       |   |   |   |        |   |   |   |   |   |
| Net loss for the year                                   |   |         | —    |   |    |   | — |        |   |   | —    |   |   |   | (400,768    | ) |   |   | (400,768 | ) |
|                                                    |   |         |       |   |    |   |    |        |   |   |       |   |   |   |        |   |   |   |   |   |
| Balances at December 31, 2016                           |   |         | 51,720,000 |   |    | $      | 51,720  |        |   | $      | 59,552,470 |   |   | $      | (60,557,531 | ) |   | $ | (953,341 | ) |

----

|                                                                            |   | Year ended   |     |   | Year ended   |   |
|---------------------------------------------------------------------------------|--------|--------------|----------|--------|--------------|--------|
|                                                                            |   | December 31, |     |   | December 31, |   |
|                                                                            |   | 2016         |     |   | 2015         |   |
| Cash Flows from Operating Activities                                            |   |         |     |   |         |   |
| Net income (loss) for the period                                                |   | $            | (400,768 | )      |         | $      | (738,489 | ) |
| Adjustments to reconcile net loss to net cash used in operating activities      |   |         |     |   |         |   |   |   |
| Depreciation and amortization                                                   |   |         | —  |   |         |   | — |   |
| Common stock issued for professional fees                                       |   |         | —  |   |         |   | 315,000 |   |
| Note payable to related party restructuring fees                                |   |         | 21,140   |   |         |   | — |   |
| Financing expense related to partial conversion of note payable to common stock |   |         | 217,200  |   |         |   | — |   |
| Increase (Decrease) in                                                          |   |         |     |   |         |   |   |   |
| Accounts payable                                                                |   |         | (8,711   | )      |         |   | 53,561 |   |
| Accrued expenses                                                                |   |         | 84,775   |   |         |   | 76,430 |   |
| Deferred revenues                                                               |   |         | —  |   |         |   | (5,000 | ) |
|                                                                            |   |         |     |   |         |   |   |   |
| Net cash used in operating activities                                           |   |         | (86,364  | )      |         |   | (298,498 | ) |
|                                                                            |   |         |     |   |         |   |   |   |
| Cash Flows from Investing Activities                                            |   |         | —  |   |         |   | — |   |
|                                                                            |   |         |     |   |         |   |   |   |
| Cash Flows from Financing Activities                                            |   |         |     |   |         |   |   |   |
| Cash received from notes payable to stockholders                                |   |         | 86,364   |   |         |   | 283,735 |   |
|                                                                            |   |         |     |   |         |   |   |   |
| Net cash provided by financing activities                                       |   |         | —  |   |         |   | 283,735 |   |
|                                                                            |   |         |     |   |         |   |   |   |
| Increase (Decrease) in Cash                                                     |   |         | —  |   |         |   | (14,763 | ) |
|                                                                            |   |         |     |   |         |   |   |   |
| Cash at beginning of period                                                     |   |         | —  |   |         |   | 14,763 |   |
|                                                                            |   |         |     |   |         |   |   |   |
| Cash at end of period                                                           |   | $            | —  |   |         | $      | — |   |
|                                                                            |   |         |     |   |         |   |   |   |
| Supplemental Disclosure of Interest and Income Taxes Paid                       |   |         |     |   |         |   |   |   |
| Interest paid during the period                                                 |   | $            | —  |   |         | $      | — |   |
| Income taxes paid during the period                                             |   | $            | —  |   |         | $      | — |   |
|                                                                            |   |         |     |   |         |   |   |   |
| Supplemental Disclosure of Non-Cash Investing and Financing Activities          |   |         |     |   |         |   |   |   |
| Partial conversion of note payable to common stock                              |   | $            | (150     | )      |         | $      | — |   |

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|                          |   | Year ended   |    |   | Year ended   |   |
|-------------------------------|--------|--------------|---------|--------|--------------|--------|
|                          |   | December 31, |    |   | December 31, |   |
|                          |   | 2016         |    |   | 2015         |   |
| Federal:                      |   |         |    |   |         |   |
| Current                       |   | $            | — |   |         | $      | — |   |
| Deferred                      |   |         | — |   |         |   | — |   |
|                          |   |         | — |   |         |   | — |   |
| State:                        |   |         |    |   |         |   |   |   |
| Current                       |   |         | — |   |         |   | — |   |
| Deferred                      |   |         | — |   |         |   | — |   |
|                          |   |         | — |   |         |   | — |   |
|                          |   |         |    |   |         |   |   |   |
|     Total |   | $            | — |   |         | $      | — |   |

|                                                                      |   | Year ended   |     |   | Year ended   |   |
|---------------------------------------------------------------------------|--------|--------------|----------|--------|--------------|--------|
|                                                                      |   | December 31, |     |   | December 31, |   |
|                                                                      |   | 2016         |     |   | 2015         |   |
|                                                                      |   |         |     |   |         |   |
| Statutory rate applied to income before income taxes                      |   | $            | (136,000 | )      |         | $      | (189,400 | ) |
| Increase (decrease) in income taxes resulting from:                       |   |         |     |   |         |   |   |   |
| State income taxes                                                        |   |         | —  |   |         |   | — |   |
| Non-deductible charge for the effect of the partial conversion            |   |         |     |   |         |   |   |   |
| of the note payable to common stock at less than “fair value” |   |         | 73,600   |   |         |   | — |   |
| Other, including reserve for deferred tax asset                           |   |         |     |   |         |   |   |   |
| and application of net operating loss carryforward(s)                     |   |         | 62,400   |   |         |   | 189,400 |   |
|                                                                      |   |         |     |   |         |   |   |   |
| Income tax expense                                                        |   | $            | —  |   |         | $      | — |   |
|                             |   | December 31, |     |   | December 31, |   |
|----------------------------------|--------|--------------|----------|--------|--------------|--------|
|                             |   | 2016         |     |   | 2015         |   |
| Deferred tax assets              |   |         |     |   |         |   |
| Net operating loss carryforwards |   | $            | 447,400  |   |         | $      | 385,000 |   |
| Less valuation allowance         |   |         | (447,400 | )      |         |   | (385,000 | ) |
|                             |   |         |     |   |         |   |   |   |
| Net Deferred Tax Asset           |   | $            | —  |   |         | $      | — |   |

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|                  |   | Mansfield-Martin Exploration Mining, Inc.          |
|-----------------------|--------|----------------------------------------------------|
|                  |   |                                               |
|                  |   |                                               |
|                  |   |                                               |
| Dated: April 17, 2017 |   | /s/ John T. Bauska                                 |
|                  |   | John T. Bauska                                     |
|                  |   | Chief Executive Officer and Financial Officer |

|                  |   |                                        |
|-----------------------|--------|---------------------------------------------|
|                  |   |                                        |
|                  |   |                                        |
| Dated: April 17, 2017 |   | /s/ John T. Bauska                          |
|                  |   | John T. Bauska                              |
|                  |   | President, Secretary/Treasurer and Director |
|                  |   |                                             |
|                  |   |                                        |
|                  |   |                                        |
| Dated: April 17, 2017 |   | /s/ Dan M. Leatzow                          |
|                  |   | Dan M. Leatzow                              |
|                  |   | Director                                    |