----

----

| [X]    | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|--------|--------------------------------------------------------------------------------------|
|   | For the fiscal year ended November 30, 2009                                          |

| [   ] | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|----------------------|------------------------------------------------------------------------------------------|
|                 | For the transition period from ______ to ______                                          |

| Securities registered pursuant to Section 12(b) of the Act: |   | Securities registered pursuant to section 12(g) of the Act: |
|-------------------------------------------------------------|--------|-------------------------------------------------------------|
| None                                                        |   | Common Stock                                                |

|   | Large Accelerated Filer                                                                                   |   [   ] |   | Accelerated Filer                        [   ] |
|--------|-----------------------------------------------------------------------------------------------------------|-----------------------------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | Non-accelerated Filer               |   [   ] |   | Smaller Reporting Company      [X]                                                                                                                      |
|   | (Do not check if a smaller reporting company)                                                             |

----

----

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| PART I                                                                                                                                                                                                                                                                                               | Page   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                                                                                                                                                                                 |   |
|      Item 1.    Business.                                                                                                                                                                                                                               | 3      |
|      Item 1A. Risk Factors.                                                                                                                                                                                                                                                 | 3      |
|      Item 1B. Unresolved Staff Comments.                                                                                                                                                                                                                                    | 3      |
|      Item 2.    Properties.                                                                                                                                                                                                                             | 3      |
|      Item 3.    Legal Proceedings.                                                                                                                                                                                                                      | 4      |
|      Item 4.    Submission of Matters to a Vote of Security Holders.                                                                                                                                                                                    | 4      |
|                                                                                                                                                                                                                                                                                                 |   |
| PART II                                                                                                                                                                                                                                                                                              |   |
|                                                                                                                                                                                                                                                                                                 |   |
|      Item 5.    Market For Common Stock and Related Stockholder Matters.                                                                                                                                                                                | 4      |
|      Item 6.    Selected Financial Data                                                                                                                                                                                                                 | 5      |
|      Item 7.    Management’s Discussion and Analysis of Financial Condition or Plan of                    Operation.                          | 5      |
|                                                                                                                                                                                                                                                                                                 |   |
| PART III                                                                                                                                                                                                                                                                                             |   |
|                                                                                                                                                                                                                                                                                                 |   |
|     Item 7A.   Quantitative and Qualitative Disclosures about Market Risk.                                                                                                                                                                                        | 9      |
|     Item 8.      Financial Statements and Supplementary Data.                                                                                                                                                                                      | 10     |
|     Item 9.      Changes In and Disagreements With Accountants on Accounting and Financial                     Disclosure                 | 19     |
|      Item 9A.  Controls and Procedures                                                                                                                                                                                                                            | 20     |
|      Item 9B.  Other Information                                                                                                                                                                                                                                  | 21     |
|      Item 10.   Directors, Executive Officers, Promoters and Control Persons; Compliance with                     Section 16(a) of the Exchange Act | 22     |
|      Item 11.   Executive Compensation                                                                                                                                                                                                                       | 24     |
|      Item 12.   Security Ownership of Certain Beneficial Owners and Management                                                                                                                                                                               | 26     |
|      Item 13.   Certain Relationships and Related Transactions, and Director Independence                                                                                                                                                                    | 26     |
|                                                                                                                                                                                                                                                                                                 |   |
| PART IV                                                                                                                                                                                                                                                                                              |   |
|                                                                                                                                                                                                                                                                                                 |   |
|      Item 14.   Principal Accountant Fees and Services.                                                                                                                                                                                                      | 26     |
|      Item 15.   Exhibits, Financial Statement Schedules.                                                                                                                                                                                                     | 28     |

----

| ITEM 1. | BUSINESS |
|---------|----------|

| ITEM 1A. | RISK FACTORS |
|----------|--------------|

| ITEM 1B. | UNRESOLVED STAFF COMMENTS |
|----------|---------------------------|

| ITEM 2. | PROPERTIES |
|---------|------------|

----

| ITEM 3. | LEGAL PROCEEDINGS |
|---------|-------------------|

| ITEM 4. | SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS |
|---------|-----------------------------------------------------|

| ITEM 5. | MARKET FOR COMMON STOCK AND RELATED STOCKHOLDER MATTERS |
|---------|---------------------------------------------------------|

| Fiscal Year |                               |    |
|-------------|------------------------------------|---------|
| 2009        | High Bid                           | Low Bid |
|        | Fourth Quarter 9-01-09 to 11-30-09 | $0.10   | $0.10 |
|        | Third Quarter 6-01-09 to 8-31-09   | $0.10   | $0.10 |
|        | Second Quarter 3-01-09 to 5-31-09  | $0.10   | $0.10 |
|        | First Quarter 12-01-08 to 2-28-09  | $0.10   | $0.10 |
|        |                               |    |
| Fiscal Year |                               |    |
| 2008        | High Bid                           | Low Bid |
|        | Fourth Quarter 9-01-08 to 11-30-08 | $1.10   | $0.51 |
|        | Third Quarter 6-01-08 to 8-31-08   | $1.35   | $0.60 |
|        | Second Quarter 3-01-08 to 5-31-08  | $1.40   | $0.60 |
|        | First Quarter 12-01-07 to 2-28-08  | $2.00   | $0.50 |

----

|  ITEM 6.   | SELECTED FINANCIAL DATA |
|---------------------------|-------------------------|

|  ITEM 7. | MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. |
|---------------|----------------------------------------------------------------------------------------------|

----

----

----

----

| ITEM 7A. | QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK. |
|----------|-------------------------------------------------------------|

----

| ITEM 8. | FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA. |
|---------|----------------------------------------------|

----

----

----

| FLM MINERALS INC.                          |                                                                                |   |                                                                                                                 |    |                                                                                                           |                                                                                      |                                                                           |
|--------------------------------------------|-------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------------------------------------|---------|----------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------|
| (An Exploration Stage Company)             |                                                                                |   |                                                                                                                 |    |                                                                                                           |                                                                                      |                                                                           |
| Balance Sheets                             |                                                                                |   |                                                                                                                 |    |                                                                                                           |                                                                                      |                                                                           |   |
| (Expressed in US Dollars)             |                                                                                |   |                                                                                                                 |    |                                                                                                           |                                                                                      |                                                                           |
|                                       |                                                                                |   |                                                                                                                 |    |                                                                                                           |                                                                                      |                                                                           |   |   |   |   |
|                                       |                                                                                |   |                                                                                                                 |    |                                                                                                           |                                                                                      |                                                                           |   |   |   |   |
|                                       |                                                                                |   |                                                                                                                 |    |                                                                                                           |                                                                                      |                                                                           |   |   |   |   |
|                                       |                                                                                |   |                                                                                                                 |    |                                                                                                           |                                                                                      |                                                                           |   | November 30, |   | November 30, |
|                                       |                                                                                |   |                                                                                                                 |    |                                                                                                           |                                                                                      |                                                                           |   | 2009 |   | 2008 |
|                                       |                                                                                |   |                                                                                                                 |    |                                                                                                           |                                                                                      |                                                                           |   |   |   |   |
| Assets                                     |                                                                                |   |                                                                                                                 |    |                                                                                                           |                                                                                      |                                                                           |   |
| Current Assets                             |                                                                                |   |                                                                                                                 |    |                                                                                                           |                                                                                      |                                                                           |   |
|                                       |  Cash                                                                          |   |                                                                                                                 |    |                                                                                                           |  $                                                                                   |             81,795 |  $ |      103,799 |
| Total Assets                               |                                                                                |   |                                                                                                                 |    |  $                                                                                                        |           81,795                        |  $                                                                        |        103,799 |
|                                       |                                                                                |   |                                                                                                                 |    |                                                                                                           |                                                                                      |                                                                           |
| Liabilities and Stockholders' Equity       |                                                                                |   |                                                                                                                 |    |                                                                                                           |                                                                                      |                                                                           |
| Current Liabilities                        |                                                                                |   |                                                                                                                 |    |                                                                                                           |                                                                                      |                                                                           |   |
|                                       | Accounts payable and accrued liabilities                                            |   |                                                                                                                 |    |  $                                                                                                        |               7,100 |  $                                                                        |               6,200 |
| Total Liabilities                          |                                                                                |   |                                                                                                                 |    |                                                                                                           |               7,100 |                                                                           |                 6,200 |
|                                       |                                                                                |   |                                                                                                                 |    |                                                                                                           |                                                                                      |                                                                           |   |   |   |   |
| Stockholders' Equity                       |                                                                                |   |                                                                                                                 |    |                                                                                                           |                                                                                      |                                                                           |
|                                       | Preferred Stock, 100,000,000 shares authorized, $0.00001 par value                  |   |                                                                                                                 |    |                                                                                                           |                                                                                      |
|                                       | None issued                                                                         |   |                                                                                                                 |    |                                                                                                           |                                                                                      |                                                                           |   |   |
|                                       | Common Stock, 100,000,000 shares authorized, $0.00001 par value                     |   |                                                                                                                 |    |                                                                                                           |                                                                                      |
|                                       | 6,906,300 (November 30, 2007 - 6,906,300) shares issued and outstanding - par value |   |                    69 |    |                   69 |
|                                       | Additional paid in capital                                                          |   |                                                                                                                 |    |                                                                                                           |           271,881                       |                                                                           |     271,881 |
|                                       | Deficit accumulated                                                                 |   |                                                                                                                 |    |                                                                                                           |         (197,255)                                 |                                                                           |  (174,351) |
| Total Stockholders' Equity                 |                                                                                |   |                                                                                                                 |    |             74,695                                 |                                                                                      |       97,599                                     |
| Total Liabilities and Stockholders' Equity |                                                                                |   |                                                                                                                 |  $ |           81,795                                             |  $                                                                                   |     103,799                                                |
|                                       |                                                                                |   |                                                                                                                 |    |                                                                                                           |                                                                                      |                                                                           |   |   |   |   |

----

| FLM MINERALS INC.                                                |   |         |      |   |                |   |      |            |   |
|------------------------------------------------------------------|--------|--------------|-----------|--------|---------------------|--------|-----------|-----------------|--------|
| (An Exploration Stage Company)                                   |   |         |      |   |                |   |      |            |   |
| Statements of Operations                                         |   |         |      |   |                |   |      |            |   |
| (Expressed in US Dollars)                                   |   |         |      |   |                |   |      |            |   |
|                                                             |   |         |      |   |                |   |      |            |   |
|                                                             |   |         |      |   |                |   |      |            |   |
|  `                                                          |   |         |      |   |                |   |      | Period          |   |
|                                                             |   |         |      |   |                |   |      | From            |   |
|                                                             |   | Year         |      |   | August 31, 2006     |   |
|                                                             |   | Ended        |      |   | (Date of Inception) |   |
|                                                             |   | November 30, |      |   | November 30,        |   |      | to November 30, |   |
|                                                             |   | 2009         |      |   | 2008                |   |      | 2009            |   |
|                                                             |   |         |      |   |                |   |      |            |   |
|  Expenses                                                   |   |         |      |   |                |   |      |            |   |
|       General and administrative        |   | $            | 2,763     |   |                | $      | 54,239    |            |   | $ | 86,317 |   |
|       Mineral property costs (Note 3)   |   |         | -         |   |                |   | -         |            |   |   | 25,227 |   |
| Professional fees                                                |   |         | 20,141    |   |                |   | 23,542    |            |   |   | 85,711 |   |
| Total expenses                                                   |   |         | 22,904    |   |                |   | 77,781    |            |   |   | 197,255 |   |
| Net loss for the period                                          |   | $            | (22,904   | )      |                | $      | (77,781   | )               |   | $ | (197,255 | ) |
|                                                             |   |         |      |   |                |   |      |            |   |   |   |   |
| Net loss per share                                               |   |         |      |   |                |   |      |            |   |   |   |   |
|       Basic and diluted                 |   | $            | (0.00     | )      |                | $      | (0.01     | )               |   |   |   |   |
|                                                             |   |         |      |   |                |   |      |            |   |   |   |   |
|       Weighted average number of shares |   |         |      |   |                |   |      |            |   |   |   |   |
|       outstanding - basic and diluted   |   |         | 6,906,300 |   |                |   | 6,906,300 |            |   |   |   |   |
|                                                             |   |         |      |   |                |   |      |            |   |   |   |   |
|                                                             |   |         |      |   |                |   |      |            |   |   |   |   |

----

| FLM MINERALS INC.                          |                                              |                                                            |                                                                                                                                  |                                                                                                                                  |                                                                                                                                  |                                                                                                                                  |                                                                                                                                        |
|--------------------------------------------|---------------------------------------------------|-----------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------|
| (An Exploration Stage Company)             |                                              |                                                            |                                                                                                                                  |                                                                                                                                  |                                                                                                                                  |                                                                                                                                  |                                                                                                                                        |
| Statements of Cash Flows                   |                                              |                                                            |                                                                                                                                  |                                                                                                                                  |                                                                                                                                  |                                                                                                                                  |                                                                                                                                        |
| (Expressed in US Dollars)                  |                                              |                                                            |                                                                                                                                  |                                                                                                                                  |                                                                                                                                  |                                                                                                                                  |                                                                                                                                        |
|                                       |                                              |                                                            |                                                                                                                                  |                                                                                                                                  |                                                                                                                                  |                                                                                                                                  |                                                                                                                                        |   |   |   |
|                                       |                                              |                                                            |                                                                                                                                  |                                                                                                                                  |                                                                                                                                  |                                                                                                                                  |                                                                                                                                        |   |   |   |
|                                       |                                              |                                                            |                                                                                                                                  |                                                                                                                                  |                                                                                                                                  |                                                                                                                                  |                                                                                                                                        |   |   |  Period |
|                                       |                                              |                                                            |                                                                                                                                  |                                                                                                                                  |                                                                                                                                  |                                                                                                                                  |                                                                                                                                        |   |   |  From |
|                                       |                                              |                                                            |                                                                                                                                  |                                                                                                                                  |                                                                                                                                  |  Year                                                                                                                            |                                                                                                                                        |  August 31, 2006 |
|                                       |                                              |                                                            |                                                                                                                                  |                                                                                                                                  |                                                                                                                                  |   Ended                                                                                                                          |                                                                                                                                        |  (Date of Inception) |
|                                       |                                              |                                                            |                                                                                                                                  |                                                                                                                                  |                                                                                                                                  |  November 30,                                                                                                                    |                                                                                                                                        |  November 30, |   |  to November 30, |
|                                       |                                              |                                                            |                                                                                                                                  |                                                                                                                                  |                                                                                                                                  | 2009                                                                                                                                  |                                                                                                                                        | 2008 |   | 2009 |
| Cash flows used in operating activities    |                                              |                                                            | -                                                                                                                                     |                                                                                                                                  | -                                                                                                                                     |                                                                                                                                  | -                                                                                                                                           |
|                                       | Net loss for the period                           |                                                            | $                                                                                                                                     | (22,904)                                                                                                                              | $                                                                                                                                     | (77,781)                                                                                                                              | $                                                                                                                                           | (197,255) |
|                                       |  Changes in operating assets and liabilities |                                                            |                                                                                                                                  |                                                                                                                                  |                                                                                                                                  |                                                                                                                                  |                                                                                                                                        |   |
|                                       |                                              | Increase (decrease) in accounts payable and accrued liabilities |                                                                                                                                  |                  900                             |                                                                                                                                  |                  100                             |                                                                                                                                        |           7,100 |
| Net cash used in operating activities      |                                              |                                                            |           (22,004)                                                                  |                                                                                                                                  |           (77,681)                                                                  |                                                                                                                                  |                   (190,155)                       |
|                                       |                                              |                                                            |                                                                                                                                  |                                                                                                                                  |                                                                                                                                  |                                                                                                                                  |                                                                                                                                        |   |   |   |
| Cash flows from financing activities       |                                              |                                                            |                                                                                                                                  |                                                                                                                                  |                                                                                                                                  |                                                                                                                                  |                                                                                                                                        |
|                                       |  Capital stock issued                        |                                                            |                                                                                                                                  |                       - |                                                                                                                                  |                       - |                                                                                                                                        |               271,950 |
|                                       |  Subscriptions collected                     |                                                            |                                                                                                                                  |                                                                                                                                  |                                                                                                                                  |                       - |                                                                                                                                        |                       - |   |                          - |
| Net cash from financing activities         |                                              |                                                            |                       - |                                                                                                                                  |                       - |                                                                                                                                  |               271,950                                                 |
| Cash flows used in investing activities    |                                              |                                                            |                                                                                                                                  |                                                                                                                                  |                                                                                                                                  |                                                                                                                                  |                                                                                                                                        |
|                                       |  Due from related party                      |                                                            |                                                                                                                                  |                       - |                                                                                                                                  |                       - |                                                                                                                                        |                              - |
| Net cash from investing activities         |                                              |                                                            |                       - |                                                                                                                                  |                       - |                                                                                                                                  |                      -             |
|                                       |                                              |                                                            |                                                                                                                                  |                                                                                                                                  |                                                                                                                                  |                                                                                                                                  |                                                                                                                                        |   |   |   |
| Cash increase (decrease) during the period |                                              |                                                            |                                                                                                                                  | (22,004)                                                                                                                              |                                                                                                                                  |           (77,681)                                                                  |                                                                                                                                        |             81,795 |
| Cash beginning of the period               |                                              |                                                            |           103,799                                                                   |                                                                                                                                  |           181,480                                                                   |                                                                                                                                  |                        - |
| Cash end of the period                     |                                              |                                                            | $                                                                                                                                     |           81,795                                                                    | $                                                                                                                                     |         103,799                                                                               | $                                                                                                                                           |            81,795 |
|                                       |                                              |                                                            |                                                                                                                                  |                                                                                                                                  |                                                                                                                                  |                                                                                                                                  |                                                                                                                                        |   |   |   |
| Supplemental of cash flow information      |                                              |                                                            |                                                                                                                                  |                                                                                                                                  |                                                                                                                                  |                                                                                                                                  |                                                                                                                                        |   |
|                                       |  Interest paid                               |                                                            |                                                                                                                                  | $                                                                                                                                     |                       - | $                                                                                                                                     |                       -       | $ |                              - |
|                                       |  Income taxes paid                           |                                                            | $                                                                                                                                     |                       - | $                                                                                                                                     |                       - | $                                                                                                                                           |                              - |

----

| FLM Minerals Inc.                                                            |
|------------------------------------------------------------------------------|
| (An Exploration Stage Company)                                               |
| Statements of Changes in Stockholders’ Equity                          |
| From period August 31, 2006 (inception) through  November 30, 2009 |
|                                                                         |   |   |   |   |   |   |   |   |   |   |   |
|                                                                         |   |   |   |   |   |   |   |   |   |   |   |
|                                                                         |   |   |   |   | Additional |   |   |   |   |   |   |
|                                                                         | Common Stock |   | Paid in |   | Subscriptions | Accumulated |   |
|                                                                         |  Shares |   | Amount |   | Capital |   | Receivable |   | Deficit |   | Total |
| Balance at August 31, 2006                                                   |   |   |   |   |   |   |   |   |   |   |   |
|    (inception)                                                | - | $ | - | $ | - | $ | - | $ | - | $ |  - |
| Capital stock issued for cash                                                |   |   |   |   |   |   |   |   |   |   |   |
|    at $0.00001 per share                                      | 6,000,000 |   | 60 |   | - |   | - |   | - |   | 60 |
| Capital stock issued for cash                                                |   |   |   |   |   |   |   |   |   |   |   |
|     at $0.30 per share                                   | 906,300 |   | 9 |   | 271,881 |   | (42,600) |   | - |   | 229,290 |
| Net loss for period                                                          | - |   | - |   | - |   | - |   | (18,200) |   | (18,200) |
| Balance at November 30, 2006                                                 | 6,906,300 |   | 69 |   | 271,881 |   | (42,600) |   | (18,200) |   | 211,150 |
| Share subscriptions received                                                 | - |   | - |   | - |   | 42,600 |   | - |   | 42,600 |
| Net loss for year                                                            | - |   | - |   | - |   | - |   | (78,370) |   | (78,370) |
| Balance at November 30, 2007                                                 | 6,906,300 |   | 69 |   | 271,881 |   | - |   | (96,570) |   | 175,380 |
| Net loss for year                                                            |  - |   |  - |   | - |   | - |   | (77,781) |   | (77,781) |
| Balance at November 30, 2008                                                 | 6,906,300 |   | 69 |   | 271,881 |   | - |   | (174,351) |   | 97,599 |
| Net loss for year ended November 30, 2009                                    | - |   | - |   | - |   | - |   | (22,904) |   | (22,904) |
| Balance at November 30, 2009                                                 | 6,906,300 | $ | 69 | $ | 271,881 | $ | - | $ | (197,255) | $ | 74,695 |

----

----

----

|                         |    | November 30, |   |
|------------------------------|---------|--------------|--------|
|                         |    |   2009  |   |   |   2008 |   |
| Deferred tax asset      |    | 67,000       |   |   | 59,000 |   |
| Valuation allowance     |    | ( 67,000     | )      |   | (59,000 | ) |
| Net deferred tax asset  | $  | -       |   | $ |   - |   |

----

| ITEM 9. | CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE. |
|---------|---------------------------------------------------------------------------------------|

----

| 1. | The application of accounting principles to any specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on our financial statements, and neither a written report was provided to us nor oral advice was provided that Kempisty & Company, Certified Public Accountants, P.C.  concluded was an important factor considered by us in reaching a decision as to the accounting,auditing or financial reporting issue; or |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2. | Any matter that was either subject of disagreement or event, as defined in Item 304(a)(1)(iv)(A) of Regulation S-K and the related instruction to Item 304 of Regulation S-K, or a reportable event, as that term is explained in Item 304(a)(1)(iv)(A) of Regulation S-K. |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1. | The application of accounting principles to any specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on our financial statements, and neither a written report was provided to us nor oral advice was provided that MB  concluded was an important factor considered by us in reaching a decision as to the accounting, auditing or financial reporting issue; or |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2. | Any matter that was either subject of disagreement or event, as defined in Item 304(a)(1)(iv)(A) of Regulation S-K and the related instruction to Item 304 of Regulation S-K, or a reportable event, as that term is explained in Item 304(a)(1)(iv)(A) of Regulation S-K. |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ITEM 9A. | CONTROLS AND PROCEDURES. |
|----------|--------------------------|

----

| ITEM 9B. | OTHER INFORMATION |
|----------|-------------------|

----

| ITEM 10. | DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS; COMPLIANCE WITH SECTION 16(a) OF THE EXCHANGE ACT. |
|----------|------------------------------------------------------------------------------------------------------------------|

| Name and Address           | Age    | Position(s)                                        |
|----------------------------|--------|----------------------------------------------------|
| Xin Chen                   | 48     | President, Principal Executive Officer Principal   |
| #14-8, No. 58 Haidian Road |   | Financial Officer, Treasurer, Principal Accounting |
| Haidian District           |   | Officer, Secretary, and sole member of             |
| Beijing, China             |   | the Board of Directors.                            |

----

----

| ITEM 11. | EXECUTIVE COMPENSATION |
|----------|------------------------|

|                     |   |   |   |   |   | Non-         | Nonqualified |    |   |
|--------------------------|--------|--------|--------|--------|--------|--------------|--------------|---------|--------|
|                     |   |   |   |   |   | Equity       | Deferred     | All     |   |
| Name                     |   |   |   |   |   | Incentive    | Compensa-    | Other   |   |
| and                      |   |   |   | Stock  | Option | Plan         | tion         | Compen- |   |
| Principal                |   | Salary | Bonus  | Awards | Awards | Compensation | Earnings     | sation  | Total  |
| Position                 | Year   | (US$)  | (US$)  | (US$)  | (US$)  | (US$)        | (US$)        | (US$)   | (US$)  |
| (a)                      | (b)    | (c)    | (d)    | (e)    | (f)    | (g)          | (h)          | (i)     | (j)    |
| Xin Chen                 | 2009   | 0      | 0      | 0      | 0      | 0            | 0            | 0       | 0      |
| President                | 2008   | 0      | 0      | 0      | 0      | 0            | 0            | 0       | 0      |
|                     | 2007   | 0      | 0      | 0      | 0      | 0            | 0            | 0       | 0      |
|                     |   |   |   |   |   |         |         |    |   |
| George Heard             | 2009   | 0      | 0      | 0      | 0      | 0            | 0            | 0       | 0      |
| (former President)       | 2008   | 0      | 0      | 0      | 0      | 0            | 0            | 0       | 0      |
|                     | 2007   | 0      | 0      | 0      | 0      | 0            | 0            | 0       | 0      |
|                     |   |   |   |   |   |         |         |    |   |
| Jianxing Qian            | 2009   | 0      | 0      | 0      | 0      | 0            | 0            | 0       | 0      |
| (former Principal        | 2008   | 0      | 0      | 0      | 0      | 0            | 0            | 0       | 0      |
|  Financial Officer) | 2009   | 0      | 0      | 0      | 0      | 0            | 0            | 0       | 0      |
|                     |   |   |   |   |   |         |         |    |   |

----

|     | Fees    |   |   |           |         |         |   |
|----------|---------|--------|--------|----------------|--------------|--------------|--------|
|     | Earned  |   |   |           | Nonqualified |         |   |
|     | or      |   |   | Non-Equity     | Deferred     |         |   |
|     | Paid in | Stock  | Option | Incentive Plan | Compensation | All Other    |   |
|     | Cash    | Awards | Awards | Compensation   | Earnings     | Compensation | Total  |
| Name     | (US$)   | (US$)  | (US$)  | (US$)          | (US$)        | (US$)        | (US$)  |
| (a)      | (b)     | (c)    | (d)    | (e)            | (f)          | (g)          | (h)    |
| Xin Chen | 0       | 0      | 0      | 0              | 0            | 0            | 0      |
|     |    |   |   |           |         |         |   |

----

| ITEM 12. | SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT |
|----------|----------------------------------------------------------------|

|                          | Direct Amount of |                                    | Percent  |
|-------------------------------|------------------|-----------------------------------------|----------|
| Name of Beneficial Owner      | Beneficial Owner | Position                                | of Class |
| Xin Chen                      | 2,000,000        | President, Principal Executive Officer, | 28.96%   |
|                          |             | Principal Financial Officer, Secretary, |     |
|                          |             | and sole member of the Board of         |     |
|                          |             | Directors.                              |     |
|                          |             |                                    |     |
| All officers and directors as | 2,000,000        |                                    | 28.96%   |
| a group (1 person)            |             |                                    |     |
|                          |             |                                    |     |
| Chester Shynkaryk             | 2,000,000        |                                    | 28.96%   |
|                          |             |                                    |     |
|                          |             |                                    |     |
| George Heard                  | 2,000,000        |                                    | 28.96%   |
|                          |             |                                    |     |

| ITEM 13. | CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS |
|----------|------------------------------------------------|

| ITEM 14. | PRINCIPAL ACCOUNTING FEES AND SERVICES |
|----------|----------------------------------------|

|   | 2009 | $ | 13,200 | Kempisty & Company, CPA PC    |
|--------|------|---|--------|-----------------------------------|
|   | 2008 | $ | 7,800  | Kempisty & Company, CPA PC    |
|   | 2008 | $ | 14,000 | MacKay LLP, Chartered Accountants |

----

|   | 2009 | $ | 0 | Kempisty & Company, CPA PC    |
|--------|------|---|---|-----------------------------------|
|   | 2008 | $ | 0 | Kempisty & Company, CPA PC    |
|   | 2008 | $ | 0 | MacKay LLP, Chartered Accountants |

|   | 2009 | $ | 0 | Kempisty & Company, CPA PC    |
|--------|------|---|---|-----------------------------------|
|   | 2008 | $ | 0 | Kempisty & Company, CPA PC    |
|   | 2008 | $ | 0 | MacKay LLP, Chartered Accountants |

|   | 2009 | $ | 0 | Kempisty & Company, CPA PC    |
|--------|------|---|---|-----------------------------------|
|   | 2008 | $ | 0 | Kempisty & Company, CPA PC    |
|   | 2008 | $ | 0 | MacKay LLP, Chartered Accountants |

----

| ITEM 15. | EXHIBITS, FINANCIAL STATEMENT SCHEDULES. |
|----------|------------------------------------------|

|               |                                                                                                                      | Incorporated by reference |     |
|--------------------|---------------------------------------------------------------------------------------------------------------------------|---------------------------|----------|
| Exhibit            | Document Description                                                                                                      | Form                      | Date     | Number | Filed herewith |
| 3.1                | Articles of Incorporation.                                                                                                | SB-2                      | 07-12-07 | 3.1 |   |
|               |                                                                                                                      |                      |     |   |   |
| 3.2                | Bylaws.                                                                                                                   | SB-2                      | 07-12-07 | 3.2 |   |
|               |                                                                                                                      |                      |     |   |   |
| 4.1                | Specimen Stock Certificate.                                                                                               | SB-2                      | 07-12-07 | 4.1 |   |
|               |                                                                                                                      |                      |     |   |   |
| 10.1               | Option Agreement                                                                                                          | SB-2                      | 07-12-07 | 10.1 |   |
|               |                                                                                                                      |                      |     |   |   |
| 14.1               | Code of Ethics.                                                                                                           | 10-K                      | 02/28/08 | 14.1 |   |
|               |                                                                                                                      |                      |     |   |   |
| 31.1          | Certification of Principal Executive Officer and                                                                |                      |     |   |   |
|     | Principal Financial Officer pursuant to 15d_15(e), promulgated under the Securities and Exchange Act of 1934, as amended. |                      |     |   |  X |
|               |                                                                                                                      |                      |     |   |   |
| 32.1          | Certification pursuant to 18 U.S.C. Section 1350, as                                                            |                      |     |   |   |
|          | adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Chief Executive Officer and Chief Financial Officer).  |                      |     |   | X |
|               |                                                                                                                      |                      |     |   |   |
| 99.1               | Audit Committee Charter.                                                                                                  | 10-K                      | 02/28/08 | 99.1 |   |
|               |                                                                                                                      |                      |     |   |   |
| 99.2               | Disclosure Committee Charter.                                                                                             | 10-K                      | 02/28/08 | 99.2 |   |

----

|   | FLM MINERALS INC. |
|--------|-------------------|
|   | (Registrant)      |
|   |              |   |
|   | BY:               | XIN CHEN |
|   |              | Xin Chen |
|   |              | President, Principal Executive Officer, Principal Financial Officer, Secretary, and sole member of the Board of Directors |

| Signature      | Title                                                                  | Date              |
|----------------|------------------------------------------------------------------------|-------------------|
|           |                                                                   |              |
| XIN CHEN       | President, Principal Executive Officer, Principal                      | February 28, 2010 |
| Xin Chen  | Financial Officer, Secretary, and solemember of the Board of Directors |              |

----

|               |                                                                                                                      | Incorporated by reference |     |
|--------------------|---------------------------------------------------------------------------------------------------------------------------|---------------------------|----------|
| Exhibit            | Document Description                                                                                                      | Form                      | Date     | Number | Filed herewith |
| 3.1                | Articles of Incorporation.                                                                                                | SB-2                      | 07-12-07 | 3.1 |   |
|               |                                                                                                                      |                      |     |   |   |
| 3.2                | Bylaws.                                                                                                                   | SB-2                      | 07-12-07 | 3.2 |   |
|               |                                                                                                                      |                      |     |   |   |
| 4.1                | Specimen Stock Certificate.                                                                                               | SB-2                      | 07-12-07 | 4.1 |   |
|               |                                                                                                                      |                      |     |   |   |
| 10.1               | Option Agreement                                                                                                          | SB-2                      | 07-12-07 | 10.1 |   |
|               |                                                                                                                      |                      |     |   |   |
| 14.1               | Code of Ethics.                                                                                                           | 10-K                      | 02/28/08 | 14.1 |   |
|               |                                                                                                                      |                      |     |   |   |
| 31.1          | Certification of Principal Executive Officer and                                                                |                      |     |   |   |
|     | Principal Financial Officer pursuant to 15d_15(e), promulgated under the Securities and Exchange Act of 1934, as amended. |                      |     |   |  X |
|               |                                                                                                                      |                      |     |   |   |
| 32.1          | Certification pursuant to 18 U.S.C. Section 1350, as                                                            |                      |     |   |   |
|          | adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Chief Executive Officer and Chief Financial Officer).  |                      |     |   | X |
|               |                                                                                                                      |                      |     |   |   |
| 99.1               | Audit Committee Charter.                                                                                                  | 10-K                      | 02/28/08 | 99.1 |   |
|               |                                                                                                                      |                      |     |   |   |
| 99.2               | Disclosure Committee Charter.                                                                                             | 10-K                      | 02/28/08 | 99.2 |   |

----