Forward-Looking Statements

Certain statements, other than purely historical information, including estimates, projections, statements relating to our business plans, objectives, and expected operating results, and the assumptions upon which those statements are based, are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements generally are identified by the words "believes," "project," "expects," "anticipates," "estimates," "intends," "strategy," "plan," "may," "will," "would," "will be," "will continue," "will likely result," and similar expressions. We intend such forward-looking statements to be covered by the safe-harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and are including this statement for purposes of complying with those safe-harbor provisions. Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from the forward-looking statements. Our ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a material adverse affect on our operations and future prospects on a consolidated basis include, but are not limited to:
changes in economic conditions, legislative/regulatory changes, availability of capital, interest rates, competition, and generally accepted accounting principles. These risks and uncertainties should also be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise. Further information concerning our business, including additional factors that could materially affect our financial results, is included herein and in our other filings with the SEC.

Strategic Plan

Our immediate business plan is to proceed with the exploration of the Zama Lake mineral claims to determine whether there are commercially exploitable reserves of lead, zinc or other metals. We intend to proceed with the initial exploration program as recommended by our consulting geologist and by the Agreement under which we have acquired the property. The recommended geological program will cost a total of approximately $1,400,000.

The budget for our planned exploration activities on the Zama lake claims is as follows:

                                    Phase I

Well Log Data Compilation                            $  25,000
Heavy Mineral                                        $  25,000
Sampling
Laboratory & Isotopic Analysis                       $  35,000
Ground Geophysics (IP, EM and Mag)                   $ 265,000
Project Management and Reporting                     $  50,000
                        Phase I Total =              $400,000                   $ 400,000

                                    Phase II

            Ground Geophysics (IP, EM and Mag)   $ 200,000
            Diamond Drilling (3000 m.)           $ 750,000
            Project Management and Reporting     $  50,000
                           Sub-total=            $1,000,000  $1,000,000

                           Project Total=                    $1,400,000

In addition to exploration of the Zama Lake claims, we plan engage in initial surveying and sampling on our Quebec properties at a projected cost of $1,052,000.

The budget for our planned exploration activities on the Temiscamingue property is as follows:

Phase One


 Till sampling and analysis                                 CDN$  30 000
 Laboratory analysis for multi-element samples              CDN$  50 000
 Use of heavy machinery, clearing, and connection to paths  CDN$  15 000
 Miscellaneous, supervisory, and overhead                   CDN$  30 000
 TOTAL PHASE ONE RECOMMENDATION:                            CDN$  265 000

Phase Two

The second phase consists of geophysical ground survey, stripping, channel
sampling, and analysis.

Followed by a drilling campaign.     CDN$  335 000
 TOTAL COST FOR PHASE TWO:           CDN$  335 000
 TOTAL COST FOR BOTH PHASES:         CDN$  670 000

The budget for our planned exploration activities on the Mount Laurier properties is as follows:

Phase One

The forecasted cost for 68 square kilometers is   CDN$  90 000
 Heavy machinery, ground clearing                 CDN$  30 000
   Sampling                                       CDN$  20 000
   Laboratories, analysis                         CDN$  12 000
 Project Management                               CND$  25 000
 TOTAL COST FOR PHASE ONE :                       CDN$  177 000

Phase Two

Diamond drilling (1000
meters)                                   CDN$           275 000
Total cost for both
phases:                                      CDN$           452,000

Our immediate business plan is to proceed with the exploration of the Zama Lake mineral claims to determine whether there are commercially exploitable reserves of lead, zinc or other metals. We have commenced our initial exploration program as recommended by our consulting geologist and as required by the Agreement under which we have acquired the property. Most recently, we have completed an airborne survey of four townships within the property. We are currently analyzing the results of this survey for the purpose of identifying target areas for follow-up exploration. The costs incurred to date have satisfied the 2008 exploration expenditure obligations imposed by the Agreement under which we acquired the property. The complete recommended geological program for the Zama Lake mineral claims will cost a total of approximately $1,400,000.

Our plan of operations for the current fiscal year is to continue the recommended exploration program on the Zama Lake property. In order to fully complete our planned exploration programs, however, we may need to raise additional capital. We anticipate that additional funding will be required in the form of equity financing from the sale of our common stock. We cannot provide investors with any assurance, however, that we will be able to raise sufficient funding from the sale of our common stock if and when needed to fund expenses. We believe that outside debt financing will not be an alternative for funding exploration programs. The risky nature of this enterprise and lack of tangible assets other than our mineral claims places debt financing beyond the credit-worthiness required by most banks or typical investors of corporate debt until such time as economically viable mines can be demonstrated.

Potential Diversification

Over the course of the current fiscal year, we may also seek to diversify our operations by identifying opportunities in Asia to enter the agricultural sector, with a particular focus on bamboo. We are planning to identify and lease land from which we can harvest bamboo poles to be sold both as raw material and potentially processed into paper pulp. In addition, we plan to identify and review at other agricultural opportunities in South East Asia. When and if we are have identified and acquired assets and/or operations in this sector, we will make appropriate additional disclosures.

We do not have plans to purchase any significant equipment or change the number of our employees during the next twelve months.

Results of Operations for the years ended June 30, 2009 and 2008

We have not earned any revenues since the inception of our current business operations. We are presently in the exploration stage of our business and we can provide no assurance that we will discover commercially exploitable levels of mineral resources on our mineral properties, or if such resources are discovered, that we will enter into commercial production.

We incurred operating expenses and net losses in the amount of $520,690 for the year ended June 30, 2009, compared to $2,631,422 for the year ended June 30, 2008. We have incurred total operating expenses and net losses of $9,550,016 from inception through June 30, 2009. Our losses are attributable to operating expenses together with a lack of any revenues. We anticipate our operating expenses will increase as we continue with our plan of operations. The increase will be attributable to continuing with the geological exploration programs for our several mineral claims.

Liquidity and Capital Resources

As of June 30, 2009, we had cash in the amount of $455,263 and working capital of $354,627. We have not attained profitable operations and will continue to be dependent upon obtaining equity financing to pursue significant exploration activities on an ongoing basis. For these reasons, our auditors stated in their report that they have substantial doubt we will be able to continue as a going concern.

We do not anticipate earning revenues until such time that we exercise our option entered into commercial production of our mineral properties. We are presently in the exploration stage of our business and we can provide no assurance that we will discover commercially exploitable levels of mineral resources our mineral properties, or if such resources are discovered, that we will enter into commercial production.

Going Concern

We have not attained profitable operations and are dependent upon obtaining financing to pursue significant exploration activities. We have incurred cumulative net losses of approximately $9,550,016 since our inception and require capital for our contemplated operational and marketing activities to take place. Our ability to raise additional capital through the future issuances of the common stock is unknown. The obtainment of additional financing, the successful development of our contemplated plan of operations, and our transition, ultimately, to the attainment of profitable operations are necessary for us to continue operations. For these reasons, our auditors stated in their report that they have substantial doubt we will be able to continue as a going concern.

Purchase or Sale of Equipment

We do not expect to purchase or sell any plant or significant equipment.

Personnel

Mr. Derek Ivany, our President and Director, and Mr. Victor Cantore, our Chief Financial Officer and Director, are currently each working approximately 10 to 20 hours per week to meet our needs, together with additional assistance from our Vice President and Director, Sam Nguyen. As demand requires, Mr. Ivany, Mr. Cantore, and Mr. Nguyen will devote additional time. We currently have no other employees. We do not expect to increase our number of employees during the next twelve months.

Research and Development

We will not be conducting any product research or development during the next 12 months.

Off Balance Sheet Arrangements

As June 30, 2009, there were no off balance sheet arrangements.

Item 7A. Quantitative and Qualitative Disclosures about Market Risk

A smaller reporting company is not required to provide the information required by this Item.