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UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549

FORM 10-Q

(Mark One)

[x] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2010

OR

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

For the transition period from _______________to
_______________

Commission file number 000-52885

PURE PHARMACEUTICALS CORPORATION(Exact name of Registrant as Specified in Its Charter)

|NEVADA                                           | 45-0476087                       
|------------------------------------------------ | ---------------------------------
|(State or Other Jurisdiction of Incorporation or | (IRS Employer Identification No.)
|Organization)                                    |                                  
|                                                 |                                  
|                                                 |                                  
|P.O. BOX 55, 1594 STONE MILL PARK,               |                                  
|BELLONA, NY                                      | 14415                            
|(Address of Principal Executive Offices)         | (Zip Code)                       

(315) 849-2822(Registrants Telephone Number,
Including Area Code)

________________ (Former Name, Former Address and Former
Fiscal Year, if Changed Since Last Report)

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 whether the registrant is a large
accelerated filer, an accelerated filer, or a non-accelerated filer. See
definition of accelerated filer and large accelerated filer in Rule 12b-2 of
the exchange Act. (Check One)

|Large Accelerated Filer [ ] | Accelerated Filer [ ] | Non-Accelerated Filer [ ]
|--------------------------- | --------------------- | -------------------------

Indicate by check mark whether the registrant is a shell company
(as defined in Rule 12b-2 of the Exchange Act). Yes [x] No [ ]

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS
DURING THE PRECEDING FIVE YEARS

Indicate by check mark whether the registrant has filed all
documents and reports required to be filed by Sections 12, 13 or 15(d) of the
Securities Exchange Act of 1934 subsequent to the distribution of securities
under a plan confirmed by a court. Yes [ ] No [ ]

APPLICABLE ONLY TO CORPORATE ISSUERS

Indicate the number of shares outstanding of each of the
issuers classes of common stock, as of the latest practicable date.

12,600,000 shares of common stock, par value $0.001 per share

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

|Large accelerated filer [ ]                   | Accelerated filer [ ]        
|--------------------------------------------- | -----------------------------
|Non-accelerated filer [ ]                     | Smaller reporting company [x]
|(Do not check if a smaller reporting company) |                              

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PART 1 FINANCIAL INFORMATION

Item
1.               
Financial Statements.





|PURE MINERALS, INC.                       
|------------------------------------------
|(Formerly Pure Pharmaceutical Corporation)
|(An Exploration Stage Company)            
|                                          
|                                          
|FINANCIAL STATEMENTS                      
|                                          
|June 30, 2010                             

---

|PURE MINERALS, INC.                       
|------------------------------------------
|(Formerly Pure Pharmaceutical Corporation)
|(An Exploration Stage Company)            
|                                          
|BALANCE SHEETS                            
|(Unaudited)                               

|                                                                                   |  | June
      30, |   |  | September 30, |  
|---------------------------------------------------------------------------------- |  | -------------- | - |  | ------------- | -
|                                                                                   |  | 2010           |   |  | 2009          |  
|                                                                                   |  | -
      $ -    |   |  | -
      $ -   |  
|                                                                                   |  |                |   |  |               |  
|ASSETS                                                                             |  |                |   |  |               |  
|Current                                                                            |  |                |   |  |               |  
|Cash                                                                               |  | 16,182         |   |  | 8,573         |  
|                                                                                   |  | 16,182         |   |  | 8,573         |  
|                                                                                   |  |                |   |  |               |  
|                                                                                   |  |                |   |  |               |  
|LIABILITIES                                                                        |  |                |   |  |               |  
|Current                                                                            |  |                |   |  |               |  
|Accounts payable
      and accrued liabilities                                     |  | 24,295         |   |  | 30,771        |  
|                                                                                   |  |                |   |  |               |  
|Long-term loans(Note 2)                                                            |  | -              |   |  | 59,314        |  
|                                                                                   |  | 24,295         |   |  | 90,085        |  
|                                                                                   |  |                |   |  |               |  
|STOCKHOLDERS DEFICIT                                                              |  |                |   |  |               |  
|Common Stock(Note 3)                                                               |  |                |   |  |               |  
|Authorized: 100,000,000 common shares
      with a par value of $0.001             |  |                |   |  |               |  
|Issued and Outstanding: 150,000 common shares
      (September 30, 2009  150,000) |  | 150            |   |  | 150           |  
|Additional paid in capital                                                         |  | 318,034        |   |  | 203,850       |  
|Accumulated comprehensive loss                                                     |  | 2,439          |   |  | 2,439         |  
|Deficit accumulated during the exploration stage                                   |  | (328,736       | ) |  | (287,951      | )
|                                                                                   |  | (8,113         | ) |  | (81,512       | )
|                                                                                   |  | 16,182         |   |  | 8,573         |  

Subsequent events (Note 4)

 See Accompanying Notes 

---

|PURE MINMERALS, INC.                      
|------------------------------------------
|(Formerly Pure Pharmaceutical Corporation)
|(An Exploration Stage Company)            
|                                          
|STATEMENTS OF OPERATIONS                  
|(Unaudited)                               

|                                                                                          |  |             |   |  |             |   |  |             |   |  |             |   |  | Cumulative     |  
|----------------------------------------------------------------------------------------- |  | ----------- | - |  | ----------- | - |  | ----------- | - |  | ----------- | - |  | -------------- | -
|                                                                                          |  |             |   |  |             |   |  | Nine        |   |  | Nine        |   |  | from           |  
|                                                                                          |  | Three       |   |  | Three       |   |  | months      |   |  | months      |   |  | September 24,  |  
|                                                                                          |  | months      |   |  | months      |   |  | ended       |   |  | ended       |   |  | 2004           |  
|                                                                                          |  | ended June  |   |  | ended June  |   |  | June 30,    |   |  | June 30,    |   |  | (Inception) to |  
|                                                                                          |  | 30, 2010    |   |  | 30, 2009    |   |  | 2010        |   |  | 2009        |   |  | June 30, 2010  |  
|                                                                                          |  | - $
      - |   |  | - $
      - |   |  | - $
      - |   |  | - $
      - |   |  | - $
      -    |  
|                                                                                          |  |             |   |  |             |   |  |             |   |  |             |   |  |                |  
|Revenue                                                                                   |  | -           |   |  | -           |   |  | -           |   |  | 8,310       |   |  | 20,398         |  
|Cost of
      sales                                                                       |  | -           |   |  | -           |   |  | -           |   |  | -           |   |  | 9,670          |  
|                                                                                          |  | -           |   |  | -           |   |  | -           |   |  | 8,310       |   |  | 10,728         |  
|                                                                                          |  |             |   |  |             |   |  |             |   |  |             |   |  |                |  
|Expenses                                                                                  |  |             |   |  |             |   |  |             |   |  |             |   |  |                |  
|Financing fees                                                                            |  | -           |   |  | -           |   |  | -           |   |  | -           |   |  | 5,600          |  
|General and administrative                                                                |  | 8,609       |   |  | 3,484       |   |  | 38,710      |   |  | 21,073      |   |  | 322,735        |  
|Interest on long-term loans                                                               |  | -           |   |  | -           |   |  | 2,075       |   |  | -           |   |  | 5,999          |  
|Write-down of inventory                                                                   |  | -           |   |  | -           |   |  | -           |   |  | -           |   |  | 5,130          |  
|Net loss                                                                                  |  | (8,609      | ) |  | (3,484      | ) |  | (40,785     | ) |  | (12,763     | ) |  | (328,736       | )
|                                                                                          |  |             |   |  |             |   |  |             |   |  |             |   |  |                |  
|Loss per share
       basic and diluted                                                  |  | (0.06       | ) |  | (0.02       | ) |  | (0.27       | ) |  | (0.09       | ) |  |                |  
|                                                                                          |  |             |   |  |             |   |  |             |   |  |             |   |  |                |  
|Weighted
      average number of common shares outstanding
            basic and diluted |  | 150,000     |   |  | 150,000     |   |  | 150,000     |   |  | 150,000     |   |  |                |  

 See Accompanying Notes 

---

|PURE MINMERALS, INC.                      
|------------------------------------------
|(Formerly Pure Pharmaceutical Corporation)
|(An Exploration Stage Company)            
|                                          
|STATEMENTS OF CASH FLOWS                  
|(Unaudited)                               

|                                                   |  |               |   |  |               |   |  | Cumulative from  |  
|-------------------------------------------------- |  | ------------- | - |  | ------------- | - |  | ---------------- | -
|                                                   |  | Nine          |   |  | Nine          |   |  | September 24,    |  
|                                                   |  | months        |   |  | months        |   |  | 2004 (Inception) |  
|                                                   |  | ended         |   |  | ended         |   |  | to March 31,     |  
|                                                   |  | June 30, 2010 |   |  | June 30, 2009 |   |  | 2010             |  
|                                                   |  | -
      $ -   |   |  | -
      $ -   |   |  | -
      $ -      |  
|                                                   |  |               |   |  |               |   |  |                  |  
|Cash Flows From Operating Activities               |  |               |   |  |               |   |  |                  |  
|Net loss                                           |  | (40,785       | ) |  | (12,763       | ) |  | (328,736         | )
|Non-cash items:                                    |  |               |   |  |               |   |  |                  |  
|Donated capital                                    |  | 7,200         |   |  | 11,084        |   |  | 55,200           |  
|Accrued interest on long term loan                 |  | 2,075         |   |  | -             |   |  | 5,999            |  
|Write-down of inventory                            |  | -             |   |  | -             |   |  | 5,130            |  
|Change in non-cash working capital items           |  |               |   |  |               |   |  |                  |  
|Inventory                                          |  | -             |   |  | -             |   |  | (5,130           | )
|Accounts payable and accrued liabilities           |  | (6,476        | ) |  | (27,480       | ) |  | 24,295           |  
|Net cash used in
      operations                  |  | (37,986       | ) |  | (29,159       | ) |  | (243,242         | )
|                                                   |  |               |   |  |               |   |  |                  |  
|Cash Flows From Financing Activities               |  |               |   |  |               |   |  |                  |  
|Proceeds from (repayment of) long-term
      loans |  | (61,389       | ) |  | 14,224        |   |  | (5,999           | )
|Donated capital                                    |  | 106,984       |   |  | -             |   |  | 126,984          |  
|Capital stock issued for cash                      |  | -             |   |  | -             |   |  | 136,000          |  
|Net cash provided
      by financing activities    |  | 45,595        |   |  | 14,224        |   |  | 256,985          |  
|                                                   |  |               |   |  |               |   |  |                  |  
|Effect of
      exchange rate changes              |  | -             |   |  | 3,335         |   |  | 2,439            |  
|                                                   |  |               |   |  |               |   |  |                  |  
|Increase (Decrease) In Cash                        |  | 7,609         |   |  | (11,600       | ) |  | 16,182           |  
|Cash, beginning                                    |  | 8,573         |   |  | 12,459        |   |  | -                |  
|Cash,
      ending                                 |  | 16,182        |   |  | 859           |   |  | 16,182           |  
|                                                   |  |               |   |  |               |   |  |                  |  
|Supplementary Cash Flow Information:               |  |               |   |  |               |   |  |                  |  
|Cash paid for:                                     |  |               |   |  |               |   |  |                  |  
|Interest                                           |  | 5,999         |   |  | -             |   |  | 5,999            |  
|Income taxes                                       |  | -             |   |  | -             |   |  | -                |  

- See Accompanying Notes -

---

|PURE MINMERALS, INC.                      
|------------------------------------------
|(Formerly Pure Pharmaceutical Corporation)
|(An Exploration Stage Company)            
|                                          
|NOTES TO THE FINANCIAL STATEMENTS         
|                                          
|June 30, 2010                             
|(Unaudited)                               

|1. | BASIS OF PRESENTATION                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|-- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|   | Unaudited Interim Financial Statements                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|   | The accompanying unaudited interim financial statements
      have been prepared in accordance with generally accepted accounting
      principles for interim financial information and in accordance with the
      rules and regulations of the Securities and Exchange Commission. They may
      not include all information and footnotes required by generally accepted
      accounting principles for complete financial statements. However, except
      as disclosed herein, there has been no material changes in the information
      disclosed in the notes to the financial statements for the year ended
      September 30, 2009, included in the Companys Form 10-K filed with the
      Securities and Exchange Commission. The unaudited interim financial
      statements should be read in conjunction with those financial statements
      included in the Form 10-K. In the opinion of Management, all adjustments
      considered necessary for a fair presentation, consisting solely of normal
      recurring adjustments, have been made. Operating results for the nine
      months ended June 30, 2010 are not necessarily indicative of the results
      that may be expected for the year ending September 30, 2010.
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|2. | LONG-TERM LOANS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|   | During the nine months ended June 30, 2010, the Company
      fully repaid the long term loans in the amount of $61,389 including
      accrued interest of $5,999.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|3. | COMMON STOCK                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|   | During the nine months ended June 30, 2010, the Company
      received $30,000 as the second installment of a $50,000 non-refundable
      deposit under the terms of a Letter of Intent (LOI) entered into with
      7167415 Canada Inc. (7167415) on July 21, 2009. The LOI expired on July
      23, 2009 and a definitive agreement was not completed. Accordingly, the
      non-refundable deposit was recorded as additional paid in
  capital.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|   | During the nine months ended June 30, 2010, the Company
      received $76,984 from 7167415 to repay long-term loan and to fund
      operating expenses. These funds were donated to the Company and it has no
      obligation to repay these funds. Accordingly, the $76,984 was recorded as
      additional paid in capital.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|   | On June 23, 2010, the Company completed a reverse tock
      split of eighty four for one. There has been no change to the authorized
      share capital. The stock split has been reflected in these financials
      statements retroactively for all periods
presented.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  

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|4. | SUBSEQUENT EVENTS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|-- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|   | On June 14, 2010, the Company entered into a share exchange agreement (the Share Exchange Agreement) with the shareholders of 7167415. Pursuant to the Share Exchange Agreement, all of the outstanding shares of 7167415
will acquired by a subsidiary of the Company, with 7167415 continuing as a wholly-owned subsidiary of the Company (the Share Exchange ). In connection with the Share Exchange, the Company will acquire 100% of the outstanding capital
stock of 7167415 and the stockholders of 7167415 will receive preferred shares of a subsidiary of the Company exchangeable into 7,500,000 shares of the Companys common stock. As a result of the Share Exchange, the stockholders of 7167415 will
control approximately 98% of the Companys outstanding commons stock. As at August 23, 2010, the Share Exchange Agreement has not closed.
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|   | The Company amended its Article of Incorporation to effect a name change from Pure Pharmaceutical Corporation to Pure Minerals, Inc..                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               

---

|Item 2. | Management's Discussion and Analysis of
      Financial Condition and Results of Operations.
|------- | --------------------------------------------------------------------------------------------

Forward Looking Statements

In addition to historical information, the following discussion
and other parts of this document may contain forward-looking statements. These
statements relate to future events or our future financial performance. In some
cases, you can identify forward-looking statements by terminology such as "may,"
"will," "should," "expect," "plan," "anticipate," "believe," "estimate,"
"predict," "potential," or "continue," the negative of such terms or other
comparable terminology. These statements are only predictions. The events
described in forward looking statements we make in this Form 10-Q may not occur.
Although we believe that the expectations reflected in the forward-looking
statements are reasonable, we cannot guarantee future results, levels of
activity, performance or achievements. We caution you that these statements are
not guarantees of future performance or events and are subject to a number of
uncertainties risks and other influences, many of which are beyond our control
that may influence the accuracy of the statements and the projections upon which
the statements are based. Moreover, neither we nor any other person assume
responsibility for the accuracy and completeness of the forward-looking
statements. Except as may be required by law, we undertake no obligation to
publicly update any of the forward-looking statements after the date of this
report to conform such statements to actual results or to changes in our
expectations.

Actual results could differ materially from those anticipated
by such forward-looking statements. The following discussion should be read in
conjunction with the financial statements as well as other financial information
appearing elsewhere in this document. Readers are also urged to carefully review
and consider the various disclosures made by us which attempt to advise
interested parties of the factors which affect our business.

Our Business

The Company was formed in order to seek business opportunities
in the area of expertise of the Company's principal stockholder, Mr. Roger
Gordon, being biological and/or medical products for animal use. The Company
principally operated in the field of generic animal health and nutrition
products, specifically medicated feed additives (MFAs). MFAs are used
preventively and therapeutically in animal feed to prevent disease and foster
growth in livestock. In North America, 90% of all feed to animals contain MFAs,
but has been on the decrease in the last five years. Our intended customers
operate in the poultry, swine and cattle markets. The Company has historically
focused its efforts on generic MFAs, as they have come off patent, therefore
making them more economical to register with requisite regulators in the United
States and Canada, with a view to bringing the products to market.

The Company ceased to market an under licensed related-party
owned MFA, Oxytetracycline, and is continuing its discussions with 7167415
Canada Inc. (7167415) in connection with a share exchange pursuant to which
control of the Company may be sold to the shareholders of 7167415. As market
dynamics have undergone significant systemic changes over the past four years
with the emergence of avian flu and the attendant fall in poultry consumption
worldwide, management realized the identification process for new MFAs cannot be
done with the limited resources of the Company. Furthermore, with the prices of feed, particularly
maize, at record high prices, out intended customers have been hesitant to add
to their expenses.

---

The Company's activities to date have been primarily
organizational in nature and as a result the Company must be considered to be in
its developmental stage. The Company relies solely on the efforts of its
management and director and has no employees, owns few business assets,
technology or real estate and since inception has been primarily involved in
developing and refining its business plan, preliminarily identifying generic
MFAs for registration, raising initial capital, and looking for other potential
shareholder maximizing corporate actions.

Management previously determined to refocus, assess and
identify alternative business strategies due to prolonged high prices of maize
and other inputs and other general systemic economic conditions affecting the
business of the Company.

Recent Developments

The Company has booked no sales for this period and had
received $61,389 donated capital from an outside third party during the nine
month period ended June 30, 2010. As a result of the prolonged high prices of
inputs and other general conditions affecting the business of the Company,
management determined, earlier in its fiscal year, to refocus, assess and
identify alternative business strategies. In July 2008, the Company was quoted
on the OTC Bulletin Board under the symbol PPMA. On June 14, 2010, the Company
entered into a share exchange agreement (the Share Exchange Agreement) with
the shareholders of 7167415 Canada Inc (7167415). Pursuant to the Share
Exchange Agreement, as of the date, all of the outstanding shares of 7167415
will acquired by the Company, with 71674105 continuing as a wholly-owned
subsidiary of the Company (the Share Exchange ). In connection with the Share
Exchange, the Company will acquire 100% of the outstanding capital stock of
7167415 and the stockholders of 7167415 will receive preferred shares of a
subsidiary of the Company exchangeable into 7,500,000 shares of the Companys
common stock.

As a result of the Share Exchange, the stockholders of 7167415
will control approximately 98% of the Companys outstanding common stock,
holding 7,350,000 of the 7,500,000 outstanding shares (after giving effect to a
84 for one reverse stock split).

In addition, pursuant to the Share Exchange Agreement, Roger
Gordon will submit his resignation as an officer and director of the Company and
Charlie Lee as Secretary and Principal Financial Officer of the Company, and
Nicolas Matossian, Charles Buisson and Andrew Gertler will be appointed to serve
as members of the board of directors of the Company, all of which will be
effective following the expiration of the ten day period following the mailing
of the information statement required by Rule 14f-1 under the Exchange Act. Upon
the consummation of the Share Exchange, Roger Gordon will resign as President
and Chief Executive Officer, Nicolas Matossian will be appointed to serve as
Chief Executive Officer, President and Chief Financial Officer of the Company,
and Joseph P. Galda will be elected Corporate Secretary.

In addition, at a Special Meeting of Shareholders held on June
23, 2010, the stockholders of the Company approved an amendment to the Companys
Articles of Incorporation to effect a reverse stock split of 84 to 1, without changing the authorized capital
thereof and an amendment to the Companys Articles of Incorporation to change
the name of the Company to Pure Minerals, Inc.

---

Although the date specified in the Share Exchange Agreement for
the Closing of the Share Exchange has passed, the parties are working together
to complete the Closing. The aforementioned amendment to the Certificate of
Incorporation will be filed immediately prior to the Closing, which should be
completed within the week following the filing of this Quarterly Report.

Results of Operations

Results of Operations for the Period ended June 30, 2010

The Company did not earn any revenues in the previous three
months ended June 30, 2010. We incurred operating expenses in the amount of
$8,609 and $40,785 for the three and nine months ended June 30, 2010. Our net
loss for the three and nine months ended June 30, 2010 was $8,609 and $40,785 as
compared to net loss of $3,484 and $12,763 for the three and nine months ended
June 30, 2009. As at June 30, 2010 we had cash of $16,182. The Companys losses
stem from the payment of professional fees.

The Company ceased its sales and marketing of the Companys
Oxytetracyline as well as the process of the Company pursuing opportunities in
the generic MFAs areas. As stated in the prior quarter, the Company will not be
importing further Oxytetracyline from the Peoples Republic of China which is
idleling production until the overall economic situation improves; and our
factory suppliers have remained dormant and have not provided an ETA as to when
production would resume. Due to acute fluctuations in the price of key
ingredients; corn and soybeans; the ability for producers to manage price
pressure is severely challenged. Corn prices see-sawed and surged 3 to-5 fold in
the last 24 months to $750 USD per bushel mid 2008. Since its high, the price
has continued its volatility and as an example from June 1stto
December 31th2009 prices swung 22% in 30 days from $425 USD per
bushel to $350 USD per bushel. Farmers and buyers are taking a wait and see
approach and farmers in particular are not selling their crops and trying to
time the market. Management and analysts believe the competition for corn, once
viewed as a commodity and now viewed as a matter of national security for
countries, is here to stay. Though prices have dropped in the first six months
of 2009, the price is still double that of three years ago in January 2006, and
have trended upwards in the last half of 2009 The use of corn for the production
of ethanol and the agricultural polices of leading petroleum usage countries
continue to exert price and demand pressures on the market1. Also
confounding the problem is worldwide health concerns and reaction to animal
borne disease transmission to humans.

Due to the prolonged uncertainty and relative high historic
prices of inputs, this upward cycle has lasted for 3 years, and general economic
conditions which are affecting the business of the company; management has
determined to refocus, assess, and identify alternative business strategies.

---

Our cash reserves of $16,182as at June 30, 2010
are not sufficient to meet our funding needs beyond the short-term. To this
effect, the Company will need to seek additional funding in the near future. In
connection with the Share Exchange with 7167415 we anticipate access to
additional funding to support its exploration plan. We anticipate that any
additional funding will be in the form of equity and debt financing from the
sale of our common stock and/or loans (interest or convertible). There can be no
assurance that we will be able to raise sufficient funding from the sale of our
common stock or through director loans to meet our funding needs after the next
nine months.

The Independent Auditor's Report to our audited financial
statements for the period ended September 30, 2009 indicated that there are a
number of factors that raise substantial doubt about our ability to continue as
a going concern. Such factors identified in the report include that we need to
generate profitable operations and are in need of obtaining adequate financing.
For these and other related reasons our auditors believe that there is
substantial doubt that we will be able to continue as a going concern.

Off-Balance Sheet Arrangements

The Company does not have any off-balance sheet arrangements
that have or are reasonably likely to have a current or future effect on the
small business issuer's financial condition, changes in financial condition,
revenues or expenses, results of operations, liquidity, capital expenditures or
capital resources that is material to investors.

|Item 3. | Quantitative and Qualitative Disclosures
      About Market Risk.
|------- | -----------------------------------------------------------------

Not applicable.

|Item 4. | Controls and Procedures.
|------- | ------------------------

Evaluation of Disclosure Controls and Procedures. The
Company's Management under the supervision and with the participation of the
Principal Executive Officer and the Principal Financial Officer are responsible
for establishing and maintaining "disclosure controls and procedures" (as
defined in the Exchange Act) for the Company. Based on their evaluation of the
Company's disclosure controls and procedures as of June 30, 2010 the Company's
Management has concluded that the Company's disclosure controls and procedures
were effective to ensure that the information required to be disclosed by the
Company under the Exchange Act was recorded, processed, summarized and reported
within the time periods specified in the Exchange Act and accumulated and
communicated to the Company's Management, including the Principal Executive
Officer and the Principal Financial Officer, to allow timely decisions regarding
required disclosure.

Changes in Internal Control over Financial Reporting.During the fiscal quarter ending June 30, 2010, there were no changes in the
Company's internal control over financial reporting during the period covered by
this report that have materially affected, or are reasonably likely to
materially affect, the Company's internal control over financial reporting.

Limitations on the Effectiveness of Controls.A control
system, no matter how well conceived and operated, can provide only reasonable,
not absolute, assurance that the objectives of the control system are met. Because of the inherent limitations in all
control systems, no evaluation of controls can provide absolute assurance that
all control issues, if any, within a company have been detected. The Company's
disclosure controls and procedures are designed to provide reasonable assurance
of achieving their objectives, and the Principal Executive Officer and the
Principal Financial Officer have concluded that these controls and procedures
are effective at the "reasonable assurance" level.

---

|Item 4T. | Controls and Procedures.
|-------- | ------------------------

The Company's management is responsible for establishing and
maintaining adequate internal control over financial reporting. Our internal
control over financial reporting is designed to provide reasonable assurance
regarding the reliability of financial reporting and the preparation of
financial statements for external purposes in accordance with generally accepted
accounting principles.

Our internal control over financial reporting includes those
policies and procedures that:

- Pertain to the maintenance of records that, in reasonable detail,
  accurately and fairly reflect the transactions and dispositions of the assets
  of the Company;
- Provide reasonable assurance that transactions are recorded as necessary
  to permit preparation of financial statements in accordance with generally
  accepted accounting principles, and that receipts and expenditures are being
  made only in accordance with authorizations of management and the director;
  and
- Provide reasonable assurance regarding prevention or timely detection of
  unauthorized acquisition, use or disposition of assets that could have a
  material effect on the financial statements.

As required by Rule 13a-15 and 15d-15 under the Securities and
Exchange Act of 1934, Management assessed the effectiveness of the Companys
internal control over financial reporting as of June 30, 2010. Based on this
assessment, the Company's management has concluded that the Company maintained
effective internal control over financial reporting as of June 30, 2010, the end
of the period covered by this quarterly report.

This quarterly report does not include an attestation report of
the company's registered public accounting firm regarding internal control over
financial reporting. Management's report was not subject to attestation by the
company's registered public accounting firm pursuant to temporary rules of the
Securities and Exchange Commission ("SEC") that permit the Company to provide
only management's report in this quarterly report.

Changes in Internal Control over Financial Reporting.Management has evaluated whether any changes in our internal control over
financial reporting that occurred during our last fiscal quarter have materially
effected, or reasonably likely to materially effect our internal control over
financial reporting. Based on the evaluation we conducted, management has
concluded that during the fiscal quarter ending June 30, 2010, there were no
changes in the Company's internal control over financial reporting during the
period covered by this report that have materially affected, or are reasonably
likely to materially affect, the Company's internal control over financial
reporting. A control system, no matter how well conceived and operated, can
provide only reasonable, not absolute, assurance that the objectives of the
control system are met. Because of the inherent limitations in all control
systems, no evaluation of controls can provide absolute assurance that all control issues, if any, within a company have been detected.
The Company's disclosure controls and procedures are designed to provide
reasonable assurance of achieving their objectives, and the Principal Executive
Officer and the Principal Financial Officer have concluded that these controls
and procedures are effective at the "reasonable assurance" level.

---

PART II  OTHER INFORMATION

|Item 1. | Legal Proceedings.
|------- | ------------------

We are not currently a party to any legal proceedings.

|Item 1A. | Risk Factors.
|-------- | -------------

Not applicable.

|Item 2. | Unregistered Sales of Equity Securities and
      Use of Proceeds.
|------- | ------------------------------------------------------------------

None.

|Item 3. | Defaults Upon Senior Securities.
|------- | --------------------------------

None.

|Item 4. | Submission of Matters to a Vote of Security
      Holders.
|------- | ----------------------------------------------------------

The following matters were approved by the shareholders of the
Company at a Special Meeting of Shareholders held on June 23, 2010:

| | 1) | An amendment to the Companys Articles of Incorporation
      to effect a reverse stock split of 84 to 1, without changing the
      authorized capital thereof.
| | -- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------
| |    |                                                                                                                                                                 
| | 2) | An amendment to the Companys Articles of Incorporation
      to change the name of the Company to Pure Minerals,
  Inc.                                      

Each of these items were approved by a vote of 6,500,000, or
approximately 52% in favor, and none opposed with no abstentions. The Articles
of Amendment to effect these changes will be filed immediately prior to the
closing of the Share Exchange with 7167415.

|Item 5. | Other Information.
|------- | ------------------

None.

---

|Item 6. | Exhibits.                                                                                                          
|------- | -------------------------------------------------------------------------------------------------------------------
|31.1    | Certification of Principal Executive Officer pursuant to
      Section 302 of the Sarbanes-Oxley Act of 2002.      
|31.2    | Certification of Principal
      Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of
      2002.
|32.1    | Certification of Principal Executive Officer pursuant to
      Section 906 of the Sarbanes-Oxley Act of 2002.      
|32.2    | Certification of Principal
      Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of
      2002.

---

SIGNATURES

In accordance with the requirements of the Exchange Act, the
registrant caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.

|                            |  | PURE PHARMACEUTICALS CORPORATION                         
|--------------------------- |  | ---------------------------------------------------------
|                            |  | (Registrant)                                             
|                            |  |                                                          
|                            |  |                                                          
|Date: August 23,
      2010 |  | By:
      /s/ Roger Gordon                               
|                            |  | Roger Gordon                                             
|                            |  | President, Principal Executive Officer and
      Director
|                            |  |                                                          
|                            |  |                                                          
|                            |  |                                                          
|Date: August 23,
      2010 |  | By:
      /s/ Charlie Lee                                
|                            |  | Charlie Lee                                              
|                            |  | Secretary and Principal Accounting Officer               

---