UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.  20549
FORM 10-KSB

[X] ANNUAL REPORT UNDER SECTION 13 OR 15(d)OF THE SECURITIES
EXCHANGE ACT OF 1934              (no fee required):  For the
fiscal year ended March 31, 2003

[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the transition period ________ to ________

Commission File No. 1-3317

MINERAL MOUNTAIN MINING & MILLING COMPANY
	  (Name of small business issuer in its charter)

___________IDAHO_______________           82-0144710
(State or other jurisdiction of              (IRS
  incorporation or organization)       Identification Number)

	410 Sherman Avenue, Suite 207 Coeur d'Alene, Idaho  83814-2862
	 (Address of principal executive offices)            (ZipCode)

Registrant's telephone number, including area code:(208)664-3544
Registrant's fax number, including area code: (208)664-
3543

Securities registered pursuant to Section 12(b) of the Act:
	                                  Name of each exchange
	Title of each class               on which registered
Common capital stock,                    None
 5 cent par value

Securities registered pursuant to Section 12(g) of the Act:
NONE

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

Indicate  by  check mark if disclosure of delinquent filers
pursuant to Item 405 of  Regulation  S-B  is  not contained
herein, and will not be contained, to the best  of
registrant's  knowledge,  in  definitive  proxy  or  other
information statements  incorporated  by  reference  in  Part
III of this Form 10-KSB or any amendments  to  this  Form
10-KSB.[  ]

The registrant generated no revenues for its most recent
fiscal year.  The aggregate market value based on the bid
price of the shares of Common Stock held by non-affiliates of
the Registrant at June 13, 2003 was approximately $31,175.
For purposes of this computation, all officers, directors and
10% shareholders of the Registrant are deemed to be
affiliates.  Such determination should not be deemed an
admission that such officers, directors, and 10% shareholders
are affiliates.

At June 13, 2003, the registrant had 3,117,531 outstanding
shares of par value  $0.05 common stock.
<PAGE>
<TABLE>
<CAPTION>


<S>                                                                <C>
PART I

ITEM 1.  DESCRIPTION OF BUSINESS                                    3
ITEM 2.  DESCRIPTION OF PROPERTY                                    4
ITEM 3.  LEGAL PROCEEDINGS                                          4
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS         4


PART II

ITEM 5. MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS    4
ITEM 6. MANAGEMENT'S DICUSSION AND ANALYSIS OR PLAN OF OPERATIONS   5
ITEM 7. FINANCIAL                                                   5
ITEM 8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON
           ACCOUNTING AND FINANCIAL                                 5

PART III

ITEM 9.  DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL
            PERSONS; COMPLIANCE WITH SECTION 16(A) OF THE EXCHANGE  5
ITEM 10.  EXECUTIVE  COMPENSATION                                   6
ITEM 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
          MANAGEMENT                                                7
ITEM 12.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS            7
ITEM 13.  EXHIBITS AND REPORTS ON FORM 8-K                          7
ITEM 14. CONTROLS AND PROCEDURES                                    8
CERTIFICATIONS                                                      9
SIGNATURES                                                         10
CERTIFICATION  PURSUANT TO THE SARBANES-OXLEY ACT                  11
FINANCIAL STATEMENTS                                         F-1-F-11
</TABLE>

<PAGE>



MINERAL MOUNTAIN MINING & MILLING COMPANY
FORM 10-KSB
March 31, 2003


PART I


ITEM 1 DESCRIPTION OF BUSINESS

FORWARD-LOOKING STATEMENTS

This Form 10-KSB contains forward-looking statements.
Forward-looking statements include statements  concerning
plans,  objectives,  goals,  strategies, future events  or
performance  and  underlying  assumptions that are not
statements of historical facts. This document and any other
written or oral statements made by us  or  on  our behalf may
include forward-looking statements, which reflect our current
views with respect to future events and financial
performance. The words "believe," "expect," "anticipate,"
"intends," "estimates," "forecast," "project" and  similar
expressions  identify  forward-looking  statements.

The  forward-looking  statements  in  this  document  are
based  upon  various assumptions,  many of which are based on
management's discussion and analysis or plan  of  operations
elsewhere  in  this report. Although we believe that these
assumptions  were  reasonable  when made, these statements
are not guarantees of future  performance  and are subject to
certain risks and uncertainties, some of which are beyond our
control, and are difficult to predict. Actual results could
differ materially from those expressed in forward-looking
statements. Readers are  cautioned  not  to  place undue
reliance on any forward-looking statements, which  reflect
management's  view  only  as  of  the  date  of  this
report.

GENERAL

The Registrant was incorporated under the laws of the state
of Idaho on August 4, 1932 and is a mining company in the
exploration stage.  It is engaged in exploring for non-
ferrous and precious metals, principally silver, lead and
copper.  The mining properties of the Registrant are located
in Shoshone County, Idaho.  For further description of the
Registrant's properties see ITEM 2 of this report.  If any
ores should be developed and produced, these would be milled
and the concentrates sold to metal smelters at prices
determined by the metals on the open market.

EMPLOYEES

The Registrant has no paid employees.  None of the
Registrant's executive officers were employed by the
Registrant at March 31, 2003.



<PAGE>

ITEM 2 - PROPERTIES
(a)	The Registrant has the following properties:

The Registrant is the owner of an undivided one-third
interest in the "Mineral Mountain Area" situated near Osburn,
Idaho consisting of the four original Mineral Mountain
patented lode mining claims together with those portions of
six Chester and three Polaris claims which lie northerly from
a warped plane lying parallel and 300 feet northerly from the
center of the Chester Vein.  The property of the Registrant
lies between the main workings of the Sunshine Mine on the
west, and the Consolidated Silver property on the east.  Both
of these properties are owned by Sunshine Mining Company.
Sunshine Mining Company discontinued all mining operations in
Idaho during the first quarter of 2002.

ITEM 3 - LEGAL PROCEEDINGS
None.


PART II


ITEM 4 - SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
No matters were submitted to a vote of the security holders
in 2002 or the first quarter of 2003.


ITEM 5 - MARKET FOR THE REGISTRANT'S COMMON EQUITY AND
RELATED STOCKHOLDERS MATTERS

(a)	Market information:

The Registrant's stock was formerly traded on the Spokane
Stock Exchange, Spokane, Washington which closed on May 24,
1991.  Quotation for the Registrant's shares are now reported
by the Spokane Quotation Bureau.

The bid prices for the Registrant's stock for the period
ending March 31, 2003 are as follows:

<TABLE>
<CAPTION>

<S>                        <C>    <C>    <C>    <C>
                                2002         2001
                               -----         -----

                            High   Low    High   Low
First Quarter Ended 6/30   $0.02  $0.02  $0.03  $0.02

Second Quarter Ended 9/30  $0.02  $0.02  $0.02  $0.02

Third Quarter Ended 12/31  $0.01  $0.01  $0.02  $0.02

Fourth Quarter Ended 3/31  $0.01  $0.01  $0.02  $0.02

</TABLE>

<TABLE>
<CAPTION>

<S>                        <C>    <C>    <C>    <C>
                                2003         2002
                               -----         -----

                            High   Low    High   Low

Fourth Quarter Ended 3/31  $0.01  $0.01  $0.02  $0.02

</TABLE>

(b)	As of June 13, 2003, there were approximately 1,437
holders of record of the Registrant's Common Stock.

(c)	The Registrant has never paid cash dividends, and has no
plans of paying dividends in the foreseeable future.
There are no restrictions on the Registrant's ability to
pay dividends.
<PAGE>

ITEM 6 - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
CONDITION AND RESULTS OF OPERATIONS

(a)	Full fiscal year:

The Registrant is an exploration stage mining company and
does not at present have any operating income.  The
Registrant does not anticipate any material changes in its
financial position in the immediate future.

	(1)	Liquidity:
As the Registrant has limited operations, the only
funds required at this time are for corporate
administrative costs.  The annual net cash needs of the
Registrant are approximately $3,000.  These funds can
be made available in the future by the Registrant
issuing stock on a private-placement basis or borrowing
from the officers and directors after present cash
resources are depleted.

	(2)	Capital Resources:

At the present time the Registrant does not have any
commitments for capital expenditures.  Any capital
expenditures would be very small, and would probably be
financed by loans from the officers and directors.

	(3)	Results of Operations:
The patented claims are being maintained and the
financial records are updated  quarterly.  During the year
ended March 31, 2003, the Registrant spent $1,958 in
engineering costs to explore the possibility of harvesting
timber from its property.


ITEM 7 - FINANCIAL STATEMENTS
The financial statements of the Registrant are appended as
pages F1 through F11.  The Registrant's financial statements
are unaudited in reliance upon Section 210.3-11 of
Regulations S-X adopted by the Securities and Exchange
Commission.


ITEM 8- CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON
ACCOUNTING AND FINANCIAL DISCLOSURE
None.


ITEM  9.  DIRECTORS,  EXECUTIVE  OFFICERS,  PROMOTERS  AND
CONTROL  PERSONS;
COMPLIANCE  WITH  SECTION  16(A)  OF  THE  EXCHANGE  ACT.

(a)	Identification  of  Directors  and  Executive
Officers  are  as  follows:
<TABLE>
<CAPTION>

<S>                     <C>    <C>
  Name                  Age    Affiliation with Registrant

Earl T. Siler           88     Director, President
Forrest Godde           86     Director
Richard L. Schwary      75     Director

</TABLE>

<PAGE>



The board of Directors normally consists of five members.
However, during the past year, two of the Directors,
including the Secretary/Treasurer, died.   The board has not
yet appointed new Directors.  The Directors serve until the
next meeting of the shareholders or until their successors
are elected and qualified. There are no arrangements or
understandings between any of the directors and any other
persons pursuant to which any director is to be selected as a
director or nominee.

BUSINESS  EXPERIENCE  OF  DIRECTORS  AND  EXECUTIVE  OFFICERS

Earl T. Siler is the President and Director of the
Registrant.  He is a retired Mining Equipment Dealer and  has
served on the Board of Directors for several mining companies
over the past 25 years. He has been a director of the
Registrant since 1993.

Forrest Godde is a businessman and Director of Mineral
Mountain Mining & Milling Company. He has been a director of
the Registrant since 1993.

Richard L. Schwary has a Director of Mineral Mountain Mining
and Milling Company since 1985.

SECTION  16(A)  BENEFICIAL  OWNERSHIP  REPORTING  COMPLIANCE

Officers,  Directors,  and  beneficial owners of 10% or more
of the Registrant's Common  Stock  are  required  to  file on
a timely basis the reports required by section  16(a)  of
the  Exchange  Act  based  on a review of Forms 3, 4, and 5:
 To the Registrant's knowledge, the required Forms 3, 4, and
5 have been filed.


ITEM 10 - EXECUTIVE COMPENSATION

Total annual compensation received by all executive officers
is $600 per year. The Registrant has provided no stock
options, warrants, or stock appreciation rights.  There are
no other employment contracts or incentive pay agreements
with the officers and/or directors, who are paid on an hourly
basis for work performed according to the terms and rates
approved by the Board of Directors.
<PAGE>


PART III


ITEM 11 - SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
MANAGEMENT

(a)	Security ownership of certain beneficial owners.
<TABLE>
<CAPTION>




<S>             <C>                                          <C>                             <C>

Title of Class  Name of Beneficial Owner                     Amount of Beneficial Ownership  Percent of ----------
----  -------------------------------------------  ------------------------------  ---- Class---
Common Stock .  Borjessan Family Trust                                     312,046       10.01%
Common Stock .  Cede & Co                                                  320,542       10.28%
</TABLE>

(b)Security ownership of management


<TABLE>
<CAPTION>


<S>             <C>                                          <C>                             <C>

Title of Class  Name of Beneficial Owner                     Amount of Beneficial Ownership  Percent of
----  -------------------------------------------            ------------------------------  --- Class---
Common Stock .  Earl Siler                                                  91,000                 2.92%
Common Stock .  Donald L. Hess                                             326,713                10.48%
Common Stock .  Forrest Godde                                               40,000                 1.28%
Common Stock .  Josef Suveg                                                 31,000                  .99%
Common Stock .  Richard Schwary                                             44,200                 1.42%

Common Stock .  Directors and Executive Officers as a Group                532,913                17.09%
</TABLE>



ITEM 12 - CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

(a)	Transactions with Management and Others.
There have been no transactions of the type set forth in Item
404(a) of Regulation S-X.

(b)	Certain Business Relationships.
Donald L. Hess, Secretary/Treasurer of the Registrant, maintained the
financial records of the Registrant.  He was also the owner
of the Columbia Stock Transfer Company which acts as transfer
agent and registrar of the Registrant's outstanding stock.

PART IV


ITEM 13 - EXHIBITS AND REPORTS ON FORM 8-K

(a)	Exhibits and index of exhibits:   8-K

	(b)	Reports on Form 8-K.

No reports were filed by the Registrant on Form 8-
K during the last quarter of 2002 or the first
quarter of 2003.
<PAGE>


ITEM  14.  CONTROLS  AND  PROCEDURES

The  Registrant's  President evaluated the Registrant's
disclosure  controls  and  procedures  within 90 days of the
filing date of this annual  report.  Based  upon  this
evaluation,  the  Registrant's President concluded  that  the
 Registrant's  disclosure controls and procedures  are
effective  in ensuring that material information required to
be disclosed  is  included  in  the  reports  that it files
with the Securities and Exchange  Commission.

There  were  no significant changes in the Registrant's
internal controls or, to the  knowledge  of the management of
the Registrant, in other factors that could significantly
affect  these  controls  subsequent  to  the  evaluation
date.

CERTIFICATIONS

I, Earl Siler, certify that:

1.	I have reviewed this annual report on Form 10-KSB of Mineral
Mountain Mining & Milling Company.

2.	Based  on  my  knowledge,  this annual report does not contain
any untrue statement  of a material fact or omit to state a
material fact necessary to make the  statements  made, in light
of the circumstances under which such statements were  made,
not  misleading  with  respect to the period covered by this
annual report;

3.	Based  on  my  knowledge,  the  financial statements, and other
financial information  included  in  this  annual  report,
fairly present in all material respects  the  financial
condition, results of operations and cash flows of the
Registrant  as  of  and  for  the  periods  presented  in  this
 annual  report.

4.	I am responsible for establishing  and  maintaining disclosure
controls and procedures (as defined in Exchange  Act  Rules
13a-14  and  15d-14)  for  the  Registrant  and  have:

a.	designed  such disclosure controls and procedures to
ensure that material information relating to the
Registrant, including its consolidated subsidiaries, is
 made  known  to  us by others within those entities,
particularly during the period  in  which  this  annual
 report  is  being  prepared;
b.	evaluated  the  effectiveness of the Registrant's
disclosure controls and procedures  as  of a date
within 90 days prior to the filing date of this annual
report  (the  "Evaluation  Date");  and
c.	presented  in  this annual report my conclusions about
the effectiveness of  disclosure  controls  and
procedures  based  on  our  evaluation  as of the
Evaluation  Dates'

5.	I have disclosed, based on my most recent
evaluation, to the Registrant's accountant and the audit
committee of  the  Registrant's  board  of directors
(or persons performing the equivalent functions);

<PAGE>


a.	all  significant  deficiencies  in  the  design or
operations of internal controls  which  could
adversely  affect  the  Registrant's  ability to
record, process,  summarize  and  report  financial
data  and  have  identified for the Registrant's
auditors  any  material  weaknesses  in  internal
controls;  and
b.	any  fraud,  whether  or  not material, that involves
management or other employees who have a significant
role in the Registrant's internal controls; and

6.	I have indicated in this annual  report whether
there were significant changes in internal controls or in other
factors  that  could significantly affect internal
controls subsequent to the  date  of  my most recent
evaluation, including any corrective actions with regard
to significant  deficiencies  and  material  weaknesses.

Date:  July 10, 2003

/s/  Earl Siler
-----------------------------------
Earl Siler
President  and  Director
<PAGE>

SIGNATURES

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

MINERAL MOUNTAIN MINING & MILLING COMPANY
(Registrant)

By:  /s/ Earl Siler
 ------------------------
Earl Siler, President,
Date:  July 10, 2003
<PAGE>




CERTIFICATION  PURSUANT  TO  THE  SARBANES-OXLEY  ACT
18  U.S.C.  SECTION  1350
AS  ADOPTED  PURSUANT  TO  SECTION  906
OF  THE  SARBANES-OXLEY  ACT  OF  2002

I,  Earl Siler,  director  and president of Mineral Mountain
Mining & Milling Company (the "Registrant")  do  hereby
certify, pursuant to 18 U.S.C. Section 1350, as adopted
pursuant  to Section 906 of the Sarbanes-Oxley Act of 2002,
that, to my knowledge:

1.	This  Annual  Report on Form 10-KSB of the Registrant for
the fiscal year ended March 31, 2003, as filed with the
Securities and Exchange Commission (the "report"), fully
complies with the requirements of Section 13(a) or 15(d)
of the Securities  Exchange  Act  of  1934;  and

2.	The  information contained in the report fairly presents,
in all material respects,  the  financial condition and
results of operations of the Registrant.

By:  /s/ Earl Siler
 ------------------------
Earl Siler, President and Director
Date:  July 10, 2003

<PAGE>




Donald L. Hess, P.A.
210 Sherman Avenue, Suite 207
Coeur d'Alene, ID  83814



TO THE BOARD OF DIRECTORS
MINERAL MOUNTAIN MINING AND MILLING COMPANY, INC.


ACCOUNTANT'S DISCLAIMER REPORT

I have prepared without audit from the records of Mineral Mountain
Mining and Milling Company, Inc., (an exploratory stage publicly held
mining company), balance sheets as of March 31, 2003 and 2002 and the
related statements of operations, stockholders' equity, and cash flows
for the years then ended.

The Company is unable to present cumulative statements of operations,
stockholders' equity and cash flows from the inception of exploration
stage activities due to incomplete early-year accounting records.
Presentation of such statements is required by Statement of Financial
Accounting Standards No. 7 of the Financial Accounting Standards Board.

I am not independent with respect to Mineral Mountain Mining and
Milling Company, Inc. and the accompanying balance sheets of the
Company as of March 31, 2003 and 2002 and the related statements of
operations, stockholders' equity and cash flows for the years then
ended were not audited by me, and accordingly, I do not express an
opinion on them.

Sincerely,


DONALD L. HESS P.A.



Delaine Hess Gruber
July 7, 2003













                                   F1

<PAGE>


MINERAL MOUNTAIN MINING AND MILLING COMPANY, INC.
(An Exploratory Stage Mining Company)
TABLE OF CONTENTS





<TABLE>
<CAPTION>

<S>                                                                     <C>

                                                                        Page

Accountant's Disclaimer Report                                          F1

Balance Sheets (Unaudited) as of March 31, 2003 and 2002                F3

Statements of Operations (Unaudited) for the years
  ended March 31, 2003 and 2002                                         F4

Statements of Changes in Stockholders' Equity (Unaudited)
  for the years ended March 31, 2003 and 2002                           F5

Statements of Cash Flows (Unaudited) for the years
  ended March 31, 2003 and 2002                                         F6

Notes to Financial Statements (Unaudited) for the years ended
  March 31, 2003 and 2002                                               F7 to F11



</TABLE>




















                                     F2

<PAGE>


Mineral Mountain Mining and Milling Company, Inc.
(An Exploratory Stage Mining Company)
Balance Sheets - UNAUDITED
March 31, 2003 and 2002

<TABLE>
<CAPTION>

<S>                                             <C>               <C>

                                                    2003               2002
ASSETS

Current assets:
  Cash and cash equivalents:
   Cash in bank                                 $    4,800       $     1,867
   Certificate of deposit                                              8,500
                                                ----------       -----------
                                                     4,800            10,367
                                                ----------       -----------
      Total current assets                           4,800            10,367

Mining claims and land                              53,808            53,808
                                                ----------        ----------

      Total assets                              $   58,608        $   64,175
                                                ==========        ==========

LIABILITES AND STOCKHOLDERS' EQUITY

Current Liabilities
  Accounts payable to related party            $     3,000        $    2,400
                                               -----------        ----------


Stockholders' equity:
  Common stock, $0.05 par value; 10,000,000
     shares authorized, 3,117,531 shares
     issued and outstanding                        155,877           155,877
  Additional paid-in capital                       338,003           338,003
  Accumulated deficit                             (438,272)         (432,105)
                                                ----------        ----------

    Total stockholders' equity                      55,608            61,775
                                                ----------        ----------

    Total liabilities and stockholders' equity  $   58,608         $  64,175
                                                ==========        ==========

</TABLE>
Prepared from the records without audit.

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

                                F3
<PAGE>



Mineral Mountain Mining and Milling Company, Inc.
(An Exploratory Stage Mining Company)
Statements of Operations - UNAUDITED
Years ended March 31, 2003 and 2002

<TABLE>
<CAPTION>


                                                    2003                2002
<S>                                             <C>               <C>
Operating expenses:
  Directors' fees                              $       600       $       600
  Professional service fees to related party         2,683             2,123
  Engineering fees                                   1,958
  Spokane quotation bureau fee                         600               300
  Other professional services                          299
  Other general and administrative expenses             49                63
                                               -----------        ----------
    Total operating expenses                         6,189             3,086
                                               -----------        ----------
Other income (expense):
  Interest and dividend income                          22               620
                                               -----------        ----------
    Total other income (expense)                        22               620
                                               -----------        ----------
Net Loss                                       $    (6,167)       $   (2,466)
                                               ===========        ==========

Net loss per common share-basic                   $(0.0020)         $(0.0008)
                                               ===========        ==========
Weighted average common shares
   outstanding-basic                             3,117,531         3,082,500
                                               ===========        ==========

</TABLE>




Prepared from the records without audit.

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

                                       F4

<PAGE>



Mineral Mountain Mining and Milling Company, Inc.
(An Exploratory Stage Mining Company)
Statement of Changes in Stockholders' Equity - UNAUDITED
Years ended March 31, 2003 and 2002


<TABLE>
<CAPTION>

<C>                              <S>         <S>          <S>            <S>            <S>
                                                           Additional
                                     Common Stock           Paid-In    	Accumulated      Total
                                   Shares     Amount        Capital        Deficit       Equity

Balance, December 31, 2000       3,078,049  $    153,902  $   339,978    $  (427,468)   $ 66,412

Correction to reconcile to
   number of shares outstanding
   per stockledger                  39,482         1,975       (1,975)

Net loss                                                                      (2,171)     (2,171)
                                 ---------   ----------    ----------    -----------    --------
Balance, December 31, 2001       3,117,531      155,877       338,003       (429,639)     64,241

Net loss                                                                      (2,466)     (2,466)
                                 ---------   ----------    ----------    -----------    --------
Balance, December 31, 2002       3,117,531      155,877       338,003       (432,105)     61,775

Net loss                                                                      (6,167)     (6,167)
                                 ---------   ----------    ----------    -----------    --------
Balance, December 31, 2003       3,117,531  $   155,877    $  338,003    $   438,272    $ 55,608
                                 =========  ===========    ==========    ===========    ========
</TABLE>

Prepared from the records without audit.



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

                                   F5

<PAGE>


Mineral Mountain Mining and Milling Company, Inc.
(An Exploratory Stage Mining Company)
Statements of Cash Flows - UNAUDITED
Years ended March 31, 2003 and 2002


<TABLE>
<CAPTION>

<S>                                                <C>             <C>

                                                      2003            2002

Cash flows from operating activities:

  Net loss                                          $    (6,167)   $  (2,466)

  Adjustments to reconcile net loss to net cash
   used by operating activities:
    Decrease in receivables and prepaids                               1,059
    Increase in accounts payables to related party          600          200
                                                     ----------    ---------
Net cash used by operating activities                    (5,567)      (1,207)
                                                     ----------    ---------
Net decrease in cash and cash equivalents                (5,567)      (1,207)

Cash and cash equivalents, beginning of year             10,367       11,574
                                                     ----------    ---------
Cash and cash equivalents, end of year               $    4,800    $  10,367
                                                     ==========    =========
</TABLE>






Prepared from the records without audit.





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



                                     F6


<PAGE>






Mineral Mountain Mining and Milling Company, Inc.
(An Exploratory Stage Mining Company)
Notes to Financial Statements - UNAUDITED


1.	Description of Business

Mineral Mountain Mining and Milling Company. (An Exploratory
Stage Mining Company) ("the Company") was incorporated under the
laws of the State of Idaho on August 4, 1932 and is publicly held.
It has been in the exploratory stage since its inception.  It is
engaged in the business of mining and is exploring for non-ferrous
and precious metals, primarily silver, lead and copper.  The
properties of the Company are situated in Coeur d'Alene Mining
District of Shoshone County, Idaho.  The Company's mining
properties are not in production.  During the years 1996 through
1998, the Company sold timber off of its patented ground.

2.	Summary of Significant Accounting Policies

Development Stage Mining Company

In accord with Statement No. 7 of the Financial Accounting
Standards Board ("SFAS 7") for development stage companies (which
classification includes exploratory stage mining companies), the
Company charges costs related to exploration to operations with the
exception of those which in the opinion of management have a
continuing value.  Statement No. 7 provides that financial
statements issued by a development enterprise shall present the
same financial information that is required of established
operating enterprises.

The Company is unable to present cumulative statements of operations,
stockholders' equity and cash flows from inception of exploration
stage activities due to incomplete prior year accounting records.
Presentation of cumulative statements is required by SFAS 7.

Cash Equivalents

Highly liquid short-term investments with a remaining maturity
when purchased of three months or less are classified as cash
equivalents. The Company deposits its cash and cash equivalents
in high quality financial institutions.

Mining claims and land

Costs of exploring, acquiring and developing mineral properties
are capitalized by the project area. Costs to maintain mineral
rights and leases are expensed as incurred. When a property
reaches the production stage, the related capitalized costs are
amortized using the units-of-production method on the basis of
periodic estimates of ore reserves. Mineral properties are
periodically assessed for impairment of value, and any subsequent
losses are charged to operations at the time of impairment. If a
property is abandoned or sold, its capitalized costs are charged
to operations.
                               F7

<PAGE>

Mineral Mountain Mining and Milling Company, Inc.
(An Exploratory Stage Mining Company)
Notes to Financial Statements - UNAUDITED, Continued

2.  Summary of Significant Accounting Policies, Continued

Impaired Asset Policy

The Company periodically reviews its long-lived assets when
applicable to determine if any events or changes in circumstances
have transpired which indicate that the carrying value of its
assets may not be recoverable. The Company determines impairment
by comparing the undiscounted future cash flows estimated to be
generated by its assets to their respective carrying amounts.

Income Taxes

The Company accounts for income taxes using the liability method,
which requires that deferred income taxes be recognized for
temporary differences between the financial statement and income
tax bases of assets and liabilities, as well as for net operating
loss carryforwards which may result in the recognition of income
tax benefits in future years. A valuation allowance is
established for deferred tax assets when it is more likely than
not that some or all of these deferred tax assets will not be
realized.

Loss Per Share

Basic loss per share is computed by dividing net loss by the
weighted-average number of common shares outstanding during the
year. Diluted loss per share is computed by dividing net loss by
the sum of the weighted-average number of common shares
outstanding and the additional common shares that would have been
outstanding if potential common shares had been issued. Potential
common shares are not included in the computation of diluted loss
per share if their effect is antidilutive. At March 31, 2003 and
2002, the Company had no potential common shares, and only basic
loss per share is reported for the years then ended.

Fair Values of Financial Instruments

The carrying amounts of financial instruments, including cash and
cash equivalents and accounts payable, approximated their fair
values as of March 31, 2003 and 2002.

Use of Estimates

The preparation of the financial statements in conformity with
accounting principles generally accepted in the United States of
America requires management to make estimates and assumptions
that affect the amounts reported in the financial statements and
accompanying notes. Actual results could differ from those
estimates.

Reclassification
Certain balances from prior year financial statements have been
reclassified to conform with the current year presentation.
These reclassifications did not effect total assets, net loss,
or stockholders equity as previously reported.


                                F8

<PAGE>

Mineral Mountain Mining and Milling Company, Inc.
(An Exploratory Stage Mining Company)
Notes to Financial Statements - UNAUDITED, Continued

2.  Summary of Significant Accounting Policies, Continued
			New Accounting Pronouncements

In July 2001, the Financial Accounting Standards Board ("FASB")
issued Statement of Financial Accounting Standards No. 141,
"Business Combinations," ("SFAS No. 141"). SFAS No. 141 addresses
financial accounting and reporting for business combinations. SFAS
No. 141 generally requires business combinations to be accounted
for using the purchase method. The pronouncement is effective for
business combinations occurring after June 30, 2001. Concurrent
with the issuance of SFAS No. 141, the FASB issued SFAS No. 142,
"Goodwill and Other Intangible Assets." SFAS No. 142 sets forth
financial accounting and reporting for acquired goodwill and other
intangible assets.  The provisions of SFAS No. 142 are effective
December 31, 2001. The Company has not had any business
combinations in the periods reported on, does not have any recorded
goodwill and does not anticipate that adoption of these
pronouncements will result in any impact on its reported financial
position or results of operations.

In August 2001, the FASB issued SFAS No. 143, "Accounting for Asset
Retirement Obligations." SFAS No. 143 addresses financial
accounting and reporting for obligations associated with the
retirement of tangible long-lived assets and the associated asset
retirement costs. The provisions of SFAS No. 143 are effective for
fiscal years beginning after June 15, 2002. The Company presently
does not have any asset retirement obligations and does not
anticipate that adoption of this pronouncement will result in any
impact on its reported financial position or results of operations.

In October 2001, the FASB issued SFAS No. 144, "Accounting for
the Impairment or Disposal of Long-Lived Assets." SFAS No. 144
addresses financial accounting and reporting for the impairment
or disposal of long-lived assets and discontinued operations. The
provisions of SFAS No. 144 are generally effective for fiscal
years beginning after December 15, 2001. The Company adopted SFAS
No. 144 on January 1, 2002.  The adoption of this pronouncement
did not result in any impact on its reported financial position
or results of operations.

In April 2002, the FASB issued SFAS No. 145, "Rescission of SFAS
Statements No. 4, 44, and 64, Amendment of SFAS No. 13, and
Technical Corrections." This statement culminates the current
requirements that gains and losses on debt extinguishment must be
classified as extraordinary items in the income statement.
Instead, such gains and losses will be classified as
extraordinary items only if they are deemed to be unusual and
infrequent, in accordance with the current GAAP criteria for
extraordinary classifications. In addition, SFAS No. 145
eliminates an inconsistency in lease accounting by requiring that
modifications of capital leases that result in reclassification
as operating leases be accounted for consistent with sales-
leaseback accounting rules. The statement also contains other

                             F9
<PAGE>
Mineral Mountain Mining and Milling Company, Inc.
(An Exploratory Stage Mining Company)
Notes to Financial Statements - UNAUDITED, Continued

2.	Summary of Significant Accounting Policies, Continued

New Accounting Pronouncements, continued
nonsubstantive corrections to authoritative accounting
literature. The rescission of SFAS No. 4 is effective in fiscal
years beginning after May 15, 2002. The amendment and technical
corrections of SFAS No. 13 are effective for transactions
occurring after May 15, 2002. All other provisions of SFAS No.
145 are effective for financial statements issued on or after May
15, 2002. The adoption of SFAS No. 145 did not have a material
impact on its reported financial position or results of
operations.

In June 2002, the FASB issued SFAS No. 146, "Accounting for Costs
Associated with Exit or Disposal Activities," which addresses
accounting for restructuring and similar costs. SFAS No. 146
supersedes previous accounting guidance, principally Emerging
Issues Task Force Issue No. 94-3. SFAS No. 146 requires that the
liability for costs associated with an exit or disposal activity
be recognized when the liability is incurred. SFAS No. 146 also
establishes that the liability should initially be measured and
recorded at fair value. Accordingly SFAS No. 146 may affect the
timing of recognizing future restructuring costs as well as the
amount recognized. The provisions of SFAS 146 are effective for
exit or disposal activities that are initiated after December 31,
2002.  The Company believes that the adoption of SFAS No. 146
will not have a material impact on its reported financial
position or results of operations.

3.	Mining claims and land

The Company's mining property consists of four patented mining
claims which were acquired by the issuance of 1,100,000 shares of
common capital stock.  Prior to 1946, the Company performed a
limited amount of exploration work on its claims over a number of
years.  An agreement was entered into on October 16, 1946 between
Polaris Mining Company (now Hecla Mining Company) and Chester
Mining Company providing for exploration and development work on
a unitized area consisting of the four Mineral Mountain claims
plus specifically defined portions of six Chester and three
Polaris claims.  Polaris was to perform the exploration work
which was to be paid by Mineral Mountain.  If the venture was
successful, ores mined from the Mineral Mountain Area were to be
divided on a basis of one-third each after 2/3 of all exploratory
costs advanced by the Company had been reimbursed from net
smelter returns.  The costs paid out by the Company were included
in the capitalized exploratory costs previously shown on the
balance sheet.  All capitalized exploration costs were written
off on March 31, 1994.  Work under the 1946 agreement was
completed in the year 1948 without discovery of commercial ore.



                              F10

<PAGE>
Mineral Mountain Mining and Milling Company, Inc.
(An Exploratory Stage Mining Company)
Notes to Financial Statements - UNAUDITED, Continued

Mining claims and land - Continued
Another agreement on the "Mineral Mountain Area" was entered into
on July 24, 1957.  The 1957 agreement refers to termination of
the 1946 agreement and that Polaris (Hecla Mining Company),
Chester Mining Company and the Company each owned an undivided
one third interest in any commercial ore, which may be found in
the area.  The 1957 agreement also provided that the Company
would not be reimbursed for 2/3 of the exploration costs it had
expended on the unitized property under the 1946 agreement.

The 1957 agreement further provided that Polaris (Hecla) was to
perform exploratory work on the unitized area.  Polaris (Hecla)
reported that it had expended $102,067 under the 1957 agreement
and that work was suspended in July 1958.  The percentage
interests set out in the 1957 agreement were Polaris, 50%, and
the Company and Chester, 25% each. Hecla Mining Company deeded
all their interest in the Mineral Mountain Area to Sunshine
Mining Company on June 26, 1984.  Sunshine Mining Company
discontinued all operations in the state of Idaho during the
first quarter of 2002.

4.	Income Taxes

At March 31, 2003 and 2002, the Company had deferred tax assets
of approximately $72,800 and $70,900, respectively, arising
principally from net operating loss carryforwards. Management has
determined that it is more likely than not that these deferred
tax assets will not be realized, and therefore a valuation
allowance equal to the full amount of the deferred tax asset has
been established at both March 31, 2003 and 2002.

At March 31, 2003, the Company has tax basis net operating loss
carryforwards totaling approximately $214,000 that expire in the
years 2014 through 2023.

5.	Related Party Transactions

The Company paid professional service fees of $2,005 and $2,123
during the years ended March 31, 2003 and 2002, respectively for
accounting and stock transfer services to companies owned by
Donald L. Hess (the Company's former secretary/treasurer,
director and current stockholder).   Mr. Hess also received
officer compensation of $600 during each of the years ended
March 31, 2003 and 2002.







                              F11