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<TITLE>Filed by EDF Electronic Data Filing Inc. (604) 879-9956 - Lincoln Mining - Form S-1</TITLE>
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<META NAME="date" CONTENT="03/31/2008">
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<P style="line-height:normal; margin:0px; font-size:18pt" align=center><B>UNITED STATES <BR>
SECURITIES AND EXCHANGE COMMISSION <BR>
</B><FONT style="font-size:10pt">Washington, D.C. 20549 </FONT></P>
<P style="margin:0px" align=center><BR></P>
<P style="line-height:20pt; margin:0px; font-size:18pt" align=center><B>FORM S-1 </B></P>
<P style="line-height:14pt; margin:0px; font-size:12pt" align=center><B>SEC File #: 333-148648</B></P>
<P style="margin:0px" align=center><B>REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 </B></P>
<P style="margin:0px" align=center><BR></P>
<P style="line-height:normal; margin:0px; font-size:18pt" align=center><B><U>LINCOLN MINING CORP.<BR>
</U></B><FONT style="font-size:10pt">(Exact name of registrant as specified in its charter)</FONT></P>
<P style="margin:0px" align=center><BR></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=244.8></TD><TD width=237.6></TD><TD width=237.6></TD></TR>
<TR><TD valign=top width=244.8><P style="margin:0px" align=center><B><U>Nevada </U></B></P>
</TD><TD valign=top width=237.6><P style="margin:0px" align=center><B><U>1000 </U></B></P>
</TD><TD valign=top width=237.6><P style="margin:0px" align=center><B><U>32-0196442 </U></B></P>
</TD></TR>
<TR><TD valign=top width=244.8><P style="margin:0px" align=center>(State or jurisdiction of incorporation<BR>
or organization) </P>
</TD><TD valign=top width=237.6><P style="margin:0px" align=center>Primary Standard Industrial<BR>
Classification Code Number </P>
</TD><TD valign=top width=237.6><P style="margin:0px" align=center>IRS Employer <BR>
Identification Number </P>
</TD></TR>
</TABLE>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><B>Lincoln Mining Corp. <BR>
605 Pacific Avenue <BR>
Manhattan Beach, CA, 90266 <BR>
<U>Telephone: 323-449-2180<BR>
</U></B>(Address and telephone number of principal executive offices) </P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><B>Val-U-Corp Services, Inc. <BR>
1802 North Carson Street, Suite 202 <BR>
Carson City, Nevada 89701 <BR>
<U>Telephone: 1-800-555-9141 <BR>
</U></B>(Name, address and telephone number of agent for service) </P>
<P style="margin:0px" align=center><BR></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=360></TD><TD width=360></TD></TR>
<TR><TD valign=top width=360><P style="margin:0px" align=center>Approximate date of proposed sale to the public: </P>
</TD><TD valign=top width=360><P style="margin:0px" align=center><B><U>as soon as practicable after the effective date of this Registration Statement. </U></B></P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px">If any of the securities being registered on this Form are to be offered on a delayed &nbsp;or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the following box &nbsp;|X|</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. |__| </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. |__| </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. |__| </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. &nbsp;See definitions of &#147;large accelerated filer,&#148; &#147;accelerated filer,&#148; and &#147;smaller reporting company: in Rule 12b-2 of the Exchange Act (Check one):</P>
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<TABLE style="font-size:10pt" cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=183.6></TD><TD width=183.6></TD><TD width=183.6></TD><TD width=183.6></TD></TR>
<TR><TD valign=top width=183.6><P style="margin:0px; ">Large accelerated filer</P>
</TD><TD valign=top width=183.6><P style="margin:0px; ">|__|</P>
</TD><TD valign=top width=183.6><P style="margin:0px; ">Accelerated filer</P>
</TD><TD valign=top width=183.6><P style="margin:0px; ">|__|</P>
</TD></TR>
<TR><TD valign=top width=183.6><P>&nbsp;</P></TD><TD valign=top width=183.6><P>&nbsp;</P></TD><TD valign=top width=183.6><P>&nbsp;</P></TD><TD valign=top width=183.6><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=183.6><P style="margin:0px; ">Non-accelerated filer</P>
</TD><TD valign=top width=183.6><P style="margin:0px; ">|__|</P>
</TD><TD valign=top width=183.6><P style="margin:0px; ">Smaller reporting company</P>
</TD><TD valign=top width=183.6><P style="margin:0px; ">| X |</P>
</TD></TR>
</TABLE>
<P style="margin:0px">(Do not check if a smaller reporting company)</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center>1</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
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<A NAME="page_2"></A><P style="margin:0px" align=center><B>CALCULATION OF REGISTRATION FEE</B> </P>
<TABLE width="100%" align=center cellspacing=0 style="font-size:10pt">
  <TR height=0 style="font-size:0"><TD width=144></TD><TD width=144></TD><TD width=144></TD><TD width=144></TD><TD width=144></TD></TR>
<TR><TD style="border-top:2px solid #000000; border-bottom:2px solid #000000" valign=top width=144><P style="margin:0px" align=center><B>TITLE OF EACH</B> <BR>
<B>CLASS OF</B> <BR>
<B>SECURITIES</B> <BR>
<B>TO BE</B> <BR>
<B>REGISTERED</B></P>
</TD><TD style="border-top:2px solid #000000; border-bottom:2px solid #000000" valign=top width=144><P style="margin:0px" align=center><BR>
<BR>
<BR>
<B>AMOUNT TO BE REGISTERED</B></P>
</TD><TD style="border-top:2px solid #000000; border-bottom:2px solid #000000" valign=top width=144><P style="margin:0px" align=center><B>PROPOSED</B> <BR>
<B>MAXIMUM</B> <BR>
<B>OFFERING</B> <BR>
<B>PRICE PER</B> <BR>
<B>UNIT (1)</B></P>
</TD><TD style="border-top:2px solid #000000; border-bottom:2px solid #000000" valign=top width=144><P style="margin:0px" align=center><B>PROPOSED</B> <BR>
<B>MAXIMUM</B> <BR>
<B>AGGREGATE</B> <BR>
<B>OFFERING</B> <BR>
<B>PRICE (2)</B></P>
</TD><TD style="border-top:2px solid #000000; border-bottom:2px solid #000000" valign=top width=144><P style="margin:0px" align=center><BR>
<BR>
<B>AMOUNT OF</B> <BR>
<B>REGISTRATION</B> <BR>
<B>FEE (2)</B></P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF; border-bottom:2px solid #000000" valign=top width=144><P style="margin:0px" align=center>Common Stock</P>
</TD><TD style="background-color:#E6EFFF; border-bottom:2px solid #000000" valign=top width=144><P style="margin:0px" align=center>$121,000</P>
</TD><TD style="background-color:#E6EFFF; border-bottom:2px solid #000000" valign=top width=144><P style="margin:0px" align=center>$0.05 per share</P>
</TD><TD style="background-color:#E6EFFF; border-bottom:2px solid #000000" valign=top width=144><P style="margin:0px" align=center>$121,000</P>
</TD><TD style="background-color:#E6EFFF; border-bottom:2px solid #000000" valign=top width=144><P style="margin:0px" align=center>$12.95</P>
</TD></TR>
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<TABLE style="font-size:10pt" cellspacing=0><TR height=0 style="font-size:0"><TD width=36></TD><TD width=684></TD></TR>
<TR><TD valign=top width=36><P style="margin:0px">(1) </P>
</TD><TD width=684><P style="margin:0px">Based on the last sales price on May 24, 2007</P>
</TD></TR>
<TR><TD valign=top width=36><P style="margin:0px">(2) </P>
</TD><TD width=684><P style="margin:0px">Estimated solely for the purpose of calculating the registration fee in accordance with Rule 457 under the Securities Act.</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>THE REGISTRANT HEREBY AMENDS THIS REGISTRATION STATEMENT ON SUCH DATE OR DATES AS MAY BE NECESSARY TO DELAY ITS EFFECTIVE DATE UNTIL THE REGISTRANT SHALL FILE A FURTHER AMENDMENT WHICH SPECIFICALLY STATES THAT THIS REGISTRATION STATEMENT SHALL THEREAFTER BECOME EFFECTIVE IN ACCORDANCE WITH SECTION 8(a) OF THE SECURITIES ACT OF 1933 OR UNTIL THE REGISTRATION STATEMENT SHALL BECOME EFFECTIVE ON SUCH DATE AS THE COMMISSION, ACTING PURSUANT TO SECTION 8(a), MAY DETERMINE. </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center><B>SUBJECT TO COMPLETION, Dated April 1, 2008 </B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center>2</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
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<A NAME="page_3"></A><P style="margin:0px" align=center><B>PROSPECTUS <BR>
Lincoln Mining Corp. <BR>
2,420,000 SHARES <BR>
<U>COMMON STOCK</U></B><U> </U></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px">The selling shareholders named in this prospectus are offering all of the shares of common stock offered through this prospectus for a period of up to two years from the effective date. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Our common stock is presently not traded on any market or securities exchange. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center>---------------- </P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px">THE PURCHASE OF THE SECURITIES OFFERED THROUGH THIS PROSPECTUS INVOLVES A HIGH DEGREE OF RISK. <B>See section entitled &quot;Risk Factors&quot; on pages 6 - 10. </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>The information in this prospectus is not complete and may be changed. We may not sell these securities until the registration statement filed with the Securities and Exchange Commission is effective. This prospectus is not an offer to sell these securities and it is not soliciting an offer to buy these securities in any state where the offer or sale is not permitted</B>. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">The selling shareholders will sell our shares at $0.05 per share until our shares are quoted on the OTC Bulletin Board, and thereafter at prevailing market prices or privately negotiated prices. We determined this offering price based upon the price of the last sale of our common stock to investors. There is no assurance of when, if ever, our stock will be listed on an exchange.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or passed upon the adequacy or accuracy of this prospectus. Any representation to the contrary is a criminal offense. </P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR>
<B>----------------</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><B>The Date Of This Prospectus Is: April 1, 2008 </B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center>3</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
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<A NAME="page_4"></A><P style="margin:0px" align=center><B>Table Of Contents</B> </P>
<P style="margin:0px" align=center><BR></P>
<TABLE width="100%" cellspacing=0 style="font-size:10pt">
  <TR height=0 style="font-size:0"><TD width=33.8></TD><TD width=645.8></TD><TD width=40.4></TD></TR>
<TR><TD valign=top colspan=2><P style="margin:0px">&nbsp;</P>
</TD><TD valign=top width=40.4><P style="margin:0px" align=right><B>PAGE</B>&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#EEEEEE" valign=top colspan=2><P style="margin:0px"><B>Summary</B> </P>
</TD><TD style="background-color:#EEEEEE" valign=top width=40.4><P style="margin:0px" align=right><B>5</B> </P>
</TD></TR>
<TR><TD valign=top colspan=2><P style="margin:0px"><B>Risk Factors</B> </P>
</TD><TD valign=top width=40.4><P style="margin:0px" align=right><B>6</B> </P>
</TD></TR>
<TR><TD style="background-color:#EEEEEE" valign=top width=33.8><P style="margin:0px" align=center>- </P>
</TD><TD style="background-color:#EEEEEE" valign=top width=645.8><P style="margin:0px"><B>If we do not obtain additional financing, our business</B> <B>will fail</B> </P>
</TD><TD style="background-color:#EEEEEE" valign=top width=40.4><P style="margin:0px" align=right><B>6</B> </P>
</TD></TR>
<TR><TD valign=top width=33.8><P style="margin:0px" align=center>- </P>
</TD><TD valign=top width=645.8><P style="margin:0px"><B>Because we have not commenced business operations, we face</B> <B>a high risk of business failure</B> </P>
</TD><TD valign=top width=40.4><P style="margin:0px" align=right><B>7</B> </P>
</TD></TR>
<TR><TD style="background-color:#EEEEEE" valign=top width=33.8><P style="margin:0px" align=center>- </P>
</TD><TD style="background-color:#EEEEEE" valign=top width=645.8><P style="margin:0px"><B>Because of the speculative nature of exploration of mining</B> <B>properties, there is substantial risk that our business</B> <B>will fail</B> </P>
</TD><TD style="background-color:#EEEEEE" valign=top width=40.4><P style="margin:0px" align=right><B>7</B> </P>
</TD></TR>
<TR><TD valign=top width=33.8><P style="margin:0px" align=center>- </P>
</TD><TD valign=top width=645.8><P style="margin:0px"><B>Because of the inherent dangers involved in mineral</B> <B>exploration, there is a risk that we may incur liability or</B> <B>damages as we conduct our business</B> </P>
</TD><TD valign=top width=40.4><P style="margin:0px" align=right><B>8</B> </P>
</TD></TR>
<TR><TD style="background-color:#EEEEEE" valign=top width=33.8><P style="margin:0px" align=center>- </P>
</TD><TD style="background-color:#EEEEEE" valign=top width=645.8><P style="margin:0px"><B>We need to continue as a going concern if our business is</B> <B>to succeed</B> </P>
</TD><TD style="background-color:#EEEEEE" valign=top width=40.4><P style="margin:0px" align=right><B>8</B> </P>
</TD></TR>
<TR><TD valign=top width=33.8><P style="margin:0px" align=center>- </P>
</TD><TD valign=top width=645.8><P style="margin:0px"><B>Because our director owns 55.35% of our outstanding stock,</B> <B>he could control and make corporate decisions that may be</B> <B>disadvantageous to minority stockholders</B> </P>
</TD><TD valign=top width=40.4><P style="margin:0px" align=right><B>9</B> </P>
</TD></TR>
<TR><TD style="background-color:#EEEEEE" valign=top width=33.8><P style="margin:0px" align=center>- </P>
</TD><TD style="background-color:#EEEEEE" valign=top width=645.8><P style="margin:0px"><B>Because management has no technical experience in mineral</B> <B>exploration, our business has a higher risk of failure</B> </P>
</TD><TD style="background-color:#EEEEEE" valign=top width=40.4><P style="margin:0px" align=right><B>9</B> </P>
</TD></TR>
<TR><TD valign=top width=33.8><P style="margin:0px" align=center>- </P>
</TD><TD valign=top width=645.8><P style="margin:0px"><B>Because our director has other business interests, he</B> <B>may not be able or willing to devote a sufficient amount of</B> <B>time to our business operations, causing our business to</B> <B>fail</B> </P>
</TD><TD valign=top width=40.4><P style="margin:0px" align=right><B>9</B> </P>
</TD></TR>
<TR><TD style="background-color:#EEEEEE" valign=top width=33.8><P style="margin:0px" align=center>- </P>
</TD><TD style="background-color:#EEEEEE" valign=top width=645.8><P style="margin:0px"><B>If a market for our common stock does not develop,</B> <B>shareholders may be unable to sell their shares</B> </P>
</TD><TD style="background-color:#EEEEEE" valign=top width=40.4><P style="margin:0px" align=right><B>9</B> </P>
</TD></TR>
<TR><TD valign=top width=33.8><P style="margin:0px" align=center>- </P>
</TD><TD valign=top width=645.8><P style="margin:0px"><B>A purchaser is purchasing penny stock which limits the</B> <B>sell the ability to stock</B> </P>
</TD><TD valign=top width=40.4><P style="margin:0px" align=right><B>9</B> </P>
</TD></TR>
<TR><TD style="background-color:#EEEEEE" valign=top colspan=2><P style="margin:0px"><B>Forward-Looking Statements</B> </P>
</TD><TD style="background-color:#EEEEEE" valign=top width=40.4><P style="margin:0px" align=right><B>10</B> </P>
</TD></TR>
<TR><TD valign=top colspan=2><P style="margin:0px"><B>Use of Proceeds</B> </P>
</TD><TD valign=top width=40.4><P style="margin:0px" align=right><B>10</B> </P>
</TD></TR>
<TR><TD style="background-color:#EEEEEE" valign=top colspan=2><P style="margin:0px"><B>Determination of Offering Price</B> </P>
</TD><TD style="background-color:#EEEEEE" valign=top width=40.4><P style="margin:0px" align=right><B>10</B> </P>
</TD></TR>
<TR><TD valign=top colspan=2><P style="margin:0px"><B>Dilution</B> </P>
</TD><TD valign=top width=40.4><P style="margin:0px" align=right><B>10</B> </P>
</TD></TR>
<TR><TD style="background-color:#EEEEEE" valign=top colspan=2><P style="margin:0px"><B>Selling Shareholders</B> </P>
</TD><TD style="background-color:#EEEEEE" valign=top width=40.4><P style="margin:0px" align=right><B>10</B> </P>
</TD></TR>
<TR><TD valign=top colspan=2><P style="margin:0px"><B>Plan of Distribution</B> </P>
</TD><TD valign=top width=40.4><P style="margin:0px" align=right><B>15</B> </P>
</TD></TR>
<TR><TD style="background-color:#EEEEEE" valign=top colspan=2><P style="margin:0px"><B>Legal Proceedings</B> </P>
</TD><TD style="background-color:#EEEEEE" valign=top width=40.4><P style="margin:0px" align=right><B>17</B> </P>
</TD></TR>
<TR><TD valign=top colspan=2><P style="margin:0px"><B>Directors, Executive Officers, Promoters and Control Persons</B> </P>
</TD><TD valign=top width=40.4><P style="margin:0px" align=right><B>17</B> </P>
</TD></TR>
<TR><TD style="background-color:#EEEEEE" valign=top colspan=2><P style="margin:0px"><B>Security Ownership of Certain Beneficial Owners and Management</B> </P>
</TD><TD style="background-color:#EEEEEE" valign=top width=40.4><P style="margin:0px" align=right><B>18</B> </P>
</TD></TR>
<TR><TD valign=top colspan=2><P style="margin:0px"><B>Description of Securities</B> </P>
</TD><TD valign=top width=40.4><P style="margin:0px" align=right><B>19</B> </P>
</TD></TR>
<TR><TD style="background-color:#EEEEEE" valign=top colspan=2><P style="margin:0px"><B>Interest of Named Experts and Counsel</B> </P>
</TD><TD style="background-color:#EEEEEE" valign=top width=40.4><P style="margin:0px" align=right><B>20</B> </P>
</TD></TR>
<TR><TD valign=top colspan=2><P style="margin:0px"><B>Disclosure of Commission Position of Indemnification for</B> <B>Securities Act Liabilities</B> </P>
</TD><TD valign=top width=40.4><P style="margin:0px" align=right><B>21</B> </P>
</TD></TR>
<TR><TD style="background-color:#EEEEEE" valign=top colspan=2><P style="margin:0px"><B>Organization Within Last Five Years</B> </P>
</TD><TD style="background-color:#EEEEEE" valign=top width=40.4><P style="margin:0px" align=right><B>21</B> </P>
</TD></TR>
<TR><TD valign=top colspan=2><P style="margin:0px"><B>Description of Business</B> </P>
</TD><TD valign=top width=40.4><P style="margin:0px" align=right><B>21</B> </P>
</TD></TR>
<TR><TD style="background-color:#EEEEEE" valign=top colspan=2><P style="margin:0px"><B>Plan of Operations</B> </P>
</TD><TD style="background-color:#EEEEEE" valign=top width=40.4><P style="margin:0px" align=right><B>27</B> </P>
</TD></TR>
<TR><TD valign=top colspan=2><P style="margin:0px"><B>Description of Property</B> </P>
</TD><TD valign=top width=40.4><P style="margin:0px" align=right><B>29</B> </P>
</TD></TR>
<TR><TD style="background-color:#EEEEEE" valign=top colspan=2><P style="margin:0px"><B>Certain Relationships and Related Transactions</B> </P>
</TD><TD style="background-color:#EEEEEE" valign=top width=40.4><P style="margin:0px" align=right><B>29</B> </P>
</TD></TR>
<TR><TD valign=top colspan=2><P style="margin:0px"><B>Market for Common Equity and Related Stockholder Matters</B> </P>
</TD><TD valign=top width=40.4><P style="margin:0px" align=right><B>29</B> </P>
</TD></TR>
<TR><TD style="background-color:#EEEEEE" valign=top colspan=2><P style="margin:0px"><B>Executive Compensation</B> </P>
</TD><TD style="background-color:#EEEEEE" valign=top width=40.4><P style="margin:0px" align=right><B>31</B> </P>
</TD></TR>
<TR><TD valign=top colspan=2><P style="margin:0px"><B>Financial Statements</B> </P>
</TD><TD valign=top width=40.4><P style="margin:0px" align=right><B>31</B> </P>
</TD></TR>
<TR><TD style="background-color:#EEEEEE" valign=top colspan=2><P style="margin:0px"><B>Changes in and Disagreements with Accountants</B> </P>
</TD><TD style="background-color:#EEEEEE" valign=top width=40.4><P style="margin:0px" align=right><B>56</B> </P>
</TD></TR>
<TR><TD valign=top colspan=2><P style="margin:0px"><B>Available Information</B> </P>
</TD><TD valign=top width=40.4><P style="margin:0px" align=right><B>56</B> </P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center>4</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always"><BR></P>
<P style="margin:0px"><BR></P>
<A NAME="page_5"></A><P style="margin:0px" align=center><B>Summary</B> </P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px"><B>Prospective investors are urged to read this prospectus in its entirety. </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">We intend to commence operations in the business of mineral property exploration. To date, we have not conducted any exploration on our sole mineral property, the Zone Lode mining claim located in Elko County, Nevada. On May 24, 2007, we purchased this claim from Terry Loney for $10,000. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Our objective is to conduct mineral exploration activities on the Zone Lode claim in order to assess whether it possesses economic reserves of copper, gold, silver, molybdenum and zinc. We have not yet identified any economic mineralization on the property. Our proposed exploration program is designed to search for an economic mineral deposit. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">We were incorporated on February 20, 2007 under the laws of the state of Nevada. Our principal offices are located at 605 Pacific Avenue, Manhattan Beach, CA, 90266. Our telephone number is 323-449-2180. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>The Offering</B>: </P>
<P style="margin:0px"><BR></P>
<TABLE width="100%" cellspacing=0 style="font-size:10pt">
  <TR height=0 style="font-size:0"><TD width=22%></TD><TD width=78%></TD></TR>
<TR><TD valign=top><P style="margin:0px"><B>Securities Being Offered</B> </P>
</TD><TD valign=top><P style="margin:0px">Up to 2,420,000 shares of common stock. </P>
</TD></TR>
<TR><TD><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD><P>&nbsp;</P></TD></TR>
<TR><TD valign=top><P style="margin:0px"><B>Offering Price</B> </P>
</TD><TD valign=top><P style="margin:0px">The selling shareholders will sell our shares at $0.05 per share until our shares are quoted on the OTC Bulletin Board, and thereafter at prevailing market prices or privately negotiated prices. We determined this offering price based upon the price of the last sale of our common stock to investors. </P>
</TD></TR>
<TR><TD><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD><P>&nbsp;</P></TD></TR>
<TR><TD valign=top><P style="margin:0px"><B>Terms of the Offering</B> </P>
</TD><TD valign=top><P style="margin:0px">The selling shareholders will determine when and how they will sell the common stock offered in this prospectus. </P>
</TD></TR>
<TR><TD><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD><P>&nbsp;</P></TD></TR>
<TR><TD valign=top><P style="margin:0px"><B>Termination of the Offering</B> </P>
</TD><TD valign=top><P style="margin:0px">The offering will conclude when all of the 2,420,000 shares of common stock have been sold, the shares no longer need to be registered to be sold due to the operation of Rule 144(k) or we decide at any time to terminate the registration of the shares at our sole discretion. In any event, the offering shall be terminated no later than two years from the effective date of this registration statement. </P>
</TD></TR>
<TR><TD><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD><P>&nbsp;</P></TD></TR>
<TR><TD valign=top><P style="margin:0px"><B>Securities Issued</B> <B>And to be Issued</B> </P>
</TD><TD valign=top><P style="margin:0px">2,420,000 shares of our common stock are issued and outstanding as of the date of this prospectus. All of the common stock to be sold under this prospectus will be sold by existing shareholders. </P>
</TD></TR>
<TR><TD><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD><P>&nbsp;</P></TD></TR>
<TR><TD valign=top><P style="margin:0px"><B>Use of Proceeds</B> </P>
</TD><TD valign=top><P style="margin:0px">We will not receive any proceeds from the sale of the common stock by the selling shareholders. </P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center><BR>
  <BR>
</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center>5</P>
<P style="margin:0px"><BR>
<BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always"><BR></P>
<A NAME="page_6"></A><P style="margin:0px"><B>Summary Financial Information </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Balance Sheet </P>
<P style="margin:0px"><BR></P>
<TABLE width="100%" cellspacing=0 style="font-size:10pt">
  <TR height=0 style="font-size:0"><TD width=244.8></TD><TD width=237.6></TD><TD width=237.6></TD></TR>
<TR><TD valign=top width=244.8><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD valign=top width=237.6><P style="margin:0px" align=center>June 30, 2007 </P>
</TD><TD valign=top width=237.6><P style="margin:0px" align=center>December 31, 2007 </P>
</TD></TR>
<TR><TD valign=top width=244.8><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD valign=top width=237.6><P style="margin:0px" align=center>(audited) </P>
</TD><TD valign=top width=237.6><P style="margin:0px" align=center>(unaudited) </P>
</TD></TR>
<TR><TD width=244.8><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=237.6><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=237.6><P style="margin:0px">&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=244.8><P style="margin:0px">Cash </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=237.6><P style="margin:0px" align=center>$23,721 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=237.6><P style="margin:0px" align=center>$18,040 </P>
</TD></TR>
<TR><TD valign=top width=244.8><P style="margin:0px">Total Assets </P>
</TD><TD valign=top width=237.6><P style="margin:0px" align=center>$33,972 </P>
</TD><TD valign=top width=237.6><P style="margin:0px" align=center>$28,040 </P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=244.8><P style="margin:0px">Liabilities </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=237.6><P style="margin:0px" align=center>$ 100 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=237.6><P style="margin:0px" align=center>$ 3,301 </P>
</TD></TR>
<TR><TD valign=top width=244.8><P style="margin:0px">Total Stockholders&#146; Equity </P>
</TD><TD valign=top width=237.6><P style="margin:0px" align=center>$33,872 </P>
</TD><TD valign=top width=237.6><P style="margin:0px" align=center>$24,739 </P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Statement of Operations </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center>From Incorporation on<BR>
February 20, 2007 to December 31, 2007 <BR>
(audited) </P>
<P style="margin:0px" align=center><BR></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=178.933></TD><TD width=6.667></TD><TD width=168.2></TD><TD width=6.2></TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=178.933><P style="margin:0px">Revenue </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=6.667><P style="margin:0px">$</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=168.2><P style="margin:0px" align=right>&nbsp;0 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=6.2><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=178.933><P style="margin:0px">Net Loss </P>
</TD><TD valign=top width=6.667><P style="margin:0px">$</P>
</TD><TD valign=top width=168.2><P style="margin:0px" align=right>(10,261</P>
</TD><TD valign=top width=6.2><P style="margin:0px"align="left">) </P>
</TD></TR>
</TABLE>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><B>Risk Factors</B> </P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px">An investment in our common stock involves a high degree of risk. You should carefully consider the risks described below and the other information in this prospectus before investing in our common stock. If any of the following risks occur, our business, operating results and financial condition could be seriously harmed. The trading price of our common stock could decline due to any of these risks, and you may lose all or part of your investment. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>IF WE DO NOT OBTAIN ADDITIONAL FINANCING, WE WILL NOT BE ABLE TO COMPLETE PLANNED EXPLORATION ON THE ZONE LODE CLAIM OR GENERATE REVENUE. </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Our current operating funds are less than necessary to complete all intended exploration of the Zone Lode claim, and therefore we will need to obtain additional financing in order to complete our business plan. We currently do not have any operations and we have no income.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Our business plan calls for significant expenses in connection with the exploration of the Zone Lode claim. While we have sufficient funds to conduct initial exploration on the property, we will require additional financing in order to determine whether the property contains economic mineralization. We will also require additional financing if the costs of exploration of the Zone Lode claim are greater than anticipated. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">We will require additional financing to sustain our business operations if we are not successful in earning revenues once exploration is complete. We do not currently have any arrangements for financing and we can provide no assurance to investors that we will be able to find such financing if required. Obtaining additional financing would be subject to a number of factors, including the market prices for copper, gold, silver, molybdenum and zinc, investor acceptance of our property and general market conditions. These factors may make the timing, amount, terms or conditions of additional financing unavailable to us. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">The most likely source of future funds presently available to us is through the sale of equity capital. Any sale of share capital will result in dilution to existing shareholders. The only other anticipated alternative for the financing of further exploration would be our sale of a partial interest in the Zone Lode claim to a third party in exchange for cash or exploration expenditures, which is not presently contemplated. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center>6</P>
<P style="margin:0px"><BR></P>
<A NAME="page_7"></A><P style="margin:0px"><BR>
<BR></P>
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<P style="margin:0px; page-break-before:always"><B>BECAUSE WE HAVE NOT COMMENCED BUSINESS OPERATIONS, WE FACE A HIGH RISK OF BUSINESS FAILURE. </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">We have not yet commenced exploration on the Zone Lode claim. Accordingly, we have no way to evaluate the likelihood that our business will be successful. We were incorporated on February 20, 2007 and, to date, we have been involved primarily in organizational activities and the acquisition of our mineral property. We have not earned any revenues as of the date of this prospectus. Potential investors should be aware of the difficulties normally encountered by new mineral exploration companies and the high rate of failure of such enterprises. The likelihood of success must be considered in light of the problems, expenses, difficulties, complications and delays encountered in connection with the exploration of the mineral properties that we plan to undertake. These potential problems include, but are not limited to, unanticipated problems relating to exploration, and additional costs and expenses that may exceed current estimates. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Prior to completion of our exploration stage, we anticipate that we will incur increased operating expenses without realizing any revenues. We therefore expect to incur significant losses into the foreseeable future. We recognize that if we are unable to generate significant revenues from development of the Zone Lode claim and the production of minerals from the claims, we will not be able to earn profits or continue operations. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">There is no history upon which to base any assumption as to the likelihood that we will prove successful, and we can provide investors with no assurance that we will generate any operating revenues or ever achieve profitable operations. If we are unsuccessful in addressing these risks, our business will most likely fail. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>BECAUSE OF THE SPECULATIVE NATURE OF EXPLORATION OF MINING PROPERTIES, IT IS UNLIKELY THAT WE WILL DISCOVER A MINERAL DEPOSIT ON THE BA CLAIMS. </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">The search for valuable minerals as a business is extremely risky. We cannot provide investors with any assurance that our mineral claims contain economic mineralization or reserves of copper, gold, silver, molybdenum and zinc. Exploration for minerals is a speculative venture necessarily involving substantial risk. Problems such as unusual or unexpected formations and other conditions are involved in mineral exploration and often result in unsuccessful exploration efforts. In such a case, which is likely, we will be unable to generate any revenues from operations and will be unable to successfully complete our business plan. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>BECAUSE OF THE INHERENT DANGERS INVOLVED IN MINERAL EXPLORATION, THERE IS A RISK THAT WE MAY INCUR LIABILITY OR DAMAGES AS WE CONDUCT OUR BUSINESS. </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">The search for valuable minerals involves numerous hazards. As a result, we may become subject to liability for such hazards, including pollution, cave-ins and other hazards against which we cannot insure or against which we may elect not to insure. The payment of such liabilities may have a material adverse effect on our financial position. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>BECAUSE OUR CONTINUATION AS A GOING CONCERN IS IN DOUBT, WE WILL BE FORCED TO CEASE BUSINESS OPERATIONS UNLESS WE CAN GENERATE PROFITABLE OPERATIONS IN THE FUTURE. </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">We have incurred losses since our inception resulting in an accumulated deficit of $10,261 at December 31, 2007. Further losses are anticipated in the development of our business. As a result, there is substantial doubt about our ability to continue as a going concern. Our ability to continue as a going concern is dependent upon our ability to generate profitable operations in the future and/or to obtain the necessary financing to meet our obligations and repay our liabilities arising from normal business operations when they come due. The Zone Lode claim does not contain any known bodies of mineralization. We will require additional funds in order to develop the property even if our exploration programs are successful. At this time, we cannot assure investors that we will be able to obtain financing. If we are unable to raise needed financing, we will have to delay or abandon further exploration efforts. If we cannot raise financing to meet our obligations, we will be insolvent and will cease business operations. </P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center>7</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
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<P style="margin:0px; page-break-before:always"><BR></P>
<P style="margin:0px"><B>BECAUSE OUR DIRECTOR OWNS 55.35% OF OUR OUTSTANDING COMMON STOCK, HE COULD MAKE AND CONTROL CORPORATE DECISIONS THAT MAY BE DISADVANTAGEOUS TO MINORITY SHAREHOLDERS. </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Our director, John Pulos, owns approximately 55.35% of the outstanding shares of our common stock. Accordingly, he will have a significant influence in determining the outcome of all corporate transactions or other matters, including mergers, consolidations, and the sale of all or substantially all of our assets. He will also have the power to prevent or cause a change in control. The interests of our director may differ from the interests of the other stockholders and thus result in corporate decisions that are disadvantageous to other shareholders.</P>
<P style="margin:0px"><BR></P>
<A NAME="page_8"></A><P style="margin:0px"><B>BECAUSE MANAGEMENT HAS NO TECHNICAL EXPERIENCE IN MINERAL EXPLORATION, OUR BUSINESS HAS A HIGHER RISK OF FAILURE </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Our sole director has no professional training or technical credentials in the field of geology. As a result, he may not be able to recognize and take advantage of potential acquisition and exploration opportunities in the sector without the aid of qualified geological consultants. Their decisions and choices may not take into account standard engineering or managerial approaches mineral exploration companies commonly use. Consequently our operations, earnings and ultimate financial success may suffer irreparable harm as a result. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>BECAUSE OUR DIRECTOR HAS OTHER BUSINESS INTERESTS, HE MAY NOT BE ABLE OR WILLING TO DEVOTE A SUFFICIENT AMOUNT OF TIME TO OUR BUSINESS OPERATIONS, CAUSING OUR BUSINESS TO FAIL. </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Our president, John Pulos, intends to devote 25% of his business time to our affairs. It is possible that the demands on Mr. Pulos from his other obligations could increase with the result that he would no longer be able to devote sufficient time to the management of our business. In addition, Mr. Pulos may not possess sufficient time for our business if the demands of managing our business increased substantially beyond current levels. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>IF A MARKET FOR OUR COMMON STOCK DOES NOT DEVELOP, SHAREHOLDERS MAY BE UNABLE TO SELL THEIR SHARES. </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">There is currently no market for our common stock and we can provide no assurance that a market will develop. We currently plan to apply for listing of our common stock on the over the counter bulletin board upon the effectiveness of the registration statement, of which this prospectus forms a part. However, we can provide investors with no assurance that our shares will be traded on the bulletin board or, if traded, that a public market will materialize. If no market is ever developed for our shares, it will be difficult for shareholders to sell their stock. In such a case, shareholders may find that they are unable to achieve benefits from their investment. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>A PURCHASER IS PURCHASING PENNY STOCK WHICH LIMITS HIS OR HER ABILITY TO SELL THE STOCK. </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">The shares offered by this prospectus constitute penny stock under the Securities and Exchange Act. The shares will remain penny stock for the foreseeable future. The classification of penny stock makes it more difficult for a broker-dealer to sell the stock into a secondary market, which makes it more difficult for a purchaser to liquidate his or her investment. Any broker-dealer engaged by the purchaser for the purpose of selling his or her shares in our company will be subject to rules 15g-1 through 15g-10 of the Securities and Exchange Act. Rather than creating a need to comply with those rules, some broker-dealers will refuse to attempt to sell penny stock. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Forward-Looking Statements </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">This prospectus contains forward-looking statements that involve risks and uncertainties. We use words such as anticipate, believe, plan, expect, future, intend and similar expressions to identify such forward-looking statements. You should not place too much reliance on these forward-looking statements. Our actual results are most likely to differ materially from those anticipated in these forward-looking statements for many reasons, including the risks faced by us described in the &#147;Risk Factors&#148; section and elsewhere in this prospectus. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center>8</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
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<P style="margin:0px; page-break-before:always"><BR></P>
<P style="margin:0px" align=center><B>Use Of Proceeds </B></P>
<P style="margin:0px" align=center><BR></P>
<A NAME="page_10"></A><P style="margin:0px">We will not receive any proceeds from the sale of the common stock offered through this prospectus by the selling shareholders. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center><B>Determination Of Offering Price </B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px">The selling shareholders will sell our shares at $0.05 per share until our shares are quoted on the OTC Bulletin Board, and thereafter at prevailing market prices or privately negotiated prices. We determined this offering price, based upon the price of the last sale of our common stock to investors. There is no assurance of when, if ever, our stock will be listed on an exchange. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center><B>Dilution </B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px">The common stock to be sold by the selling shareholders is common stock that is currently issued and outstanding. Accordingly, there will be no dilution to our existing shareholders. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center><B>Selling Shareholders </B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px">The selling shareholders named in this prospectus are offering all of the 2,420,000 shares of common stock offered through this prospectus. These shares were acquired from us in private placements that were exempt from registration under Rule 504 of Regulation D of the Securities Act of 1933. The shares include the following: </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,000,000 shares of our common stock that the selling shareholders acquired from us in an offering that was exempt from registration under Regulation D of the Securities Act of 1933 and was completed on April 14, 2007;</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,000,000 shares of our common stock that the selling shareholders acquired from us in an offering that was exempt from registration under Regulation D of the Securities Act of 1933 and was completed on April 18, 2007; and </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 420,000 shares of our common stock that the selling shareholders acquired from us in an offering that was exempt from registration under Regulation D of the Securities Act of 1933 and was completed on May 24, 2007. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">The following table provides as of the date of this prospectus, information regarding the beneficial ownership of our common stock held by each of the selling shareholders, including: </P>
<P style="margin:0px"><BR></P>
<TABLE width="100%" cellspacing=0 style="font-size:10pt">
  <TR height=0 style="font-size:0"><TD width=36></TD><TD width=36></TD><TD></TD></TR>
<TR><TD width=36><P style="margin:0px">&nbsp;</P>
</TD><TD valign=top width=36><P style="margin:0px">1. </P>
</TD><TD><P style="margin:0px">the number of shares owned by each prior to this offering;</P>
</TD></TR>
<TR><TD width=36><P style="margin:0px">&nbsp;</P>
</TD><TD valign=top width=36><P style="margin:0px">2. </P>
</TD><TD><P style="margin:0px">the total number of shares that are to be offered for each;</P>
</TD></TR>
<TR><TD width=36><P style="margin:0px">&nbsp;</P>
</TD><TD valign=top width=36><P style="margin:0px">3. </P>
</TD><TD><P style="margin:0px">the total number of shares that will be owned by each upon completion of the offering; and</P>
</TD></TR>
<TR><TD width=36><P style="margin:0px">&nbsp;</P>
</TD><TD valign=top width=36><P style="margin:0px">4. </P>
</TD><TD><P style="margin:0px">the percentage owned by each upon completion of the offering.</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center>9</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
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<P style="margin:0px; page-break-before:always"><BR></P>
<A NAME="page_11"></A><TABLE width="100%" cellspacing=0 style="font-size:10pt">
  <TR height=0 style="font-size:0"><TD width=144></TD><TD width=144></TD><TD width=144></TD><TD width=144></TD><TD width=144></TD></TR>
<TR><TD style="border-bottom:1.333px solid #000000" valign=bottom width=144><P style="margin:0px"><B>Name Of Selling Stockholder</B></P>
</TD><TD style="border-bottom:1.333px solid #000000" valign=bottom width=144><P style="margin:0px"><B>Shares Owned Prior To This Offering</B></P>
</TD><TD style="border-bottom:1.333px solid #000000" valign=bottom width=144><P style="margin:0px"><B>Total Number Of Shares To Be Offered For Selling Shareholders Account</B></P>
</TD><TD style="border-bottom:1.333px solid #000000" valign=bottom width=144><P style="margin:0px"><B>Total Shares to Be Owned Upon Completion Of This Offering</B></P>
</TD><TD style="border-bottom:1.333px solid #000000" valign=bottom width=144><P style="margin:0px"><B>Percentage of Shares owned Upon Completion of This Offering</B></P>
</TD></TR>
<TR><TD width=144><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">Marnie Markin </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>250,000 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>250,000 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>Nil </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>Nil </P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">11831 Laurel Hills Rd. </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">Studio City, CA </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">91604 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD width=144><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">Blair Sorby </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>250,000 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>250,000 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>Nil </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>Nil </P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">4759 Kester Ave. </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">Sherman Oaks, CA </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">91403 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD width=144><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">Tiffeni Aliece Graves </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>250,000 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>250,000 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>Nil </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>Nil </P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">11920 Laurel Hills Rd. </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">Studio City, CA </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">91604 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD width=144><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">Xavier Franco </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>250,000 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>250,000 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>Nil </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>Nil </P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">12100 Wilshire Blvd. </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">17<SUP>th </SUP>Floor </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">Los Angeles, CA </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">90025 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD width=144><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">John H. Schweitzer </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>100,000 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>100,000 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>Nil </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>Nil </P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">5440 La Jolla Blvd. </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">Suite E-203 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">La Jolla, CA </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">92037 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD width=144><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">Joey D. Ball </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>100,000 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>100,000 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>Nil </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>Nil </P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">3740 Beechglen Dr. </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">La Crescenta, CA </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">91214 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD width=144><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">Courtney Kramer </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>100,000 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>100,000 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>Nil </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>Nil </P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">337 N. Curson Ave, </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">Suite 4 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">Los Angeles, CA </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">90036 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD width=144><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">Eric Heldwein </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>100,000 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>100,000 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>Nil </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>Nil </P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">2222 Foothill Blvd. </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">Suite E-206 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">La Canada, CA </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">91011 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD width=144><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">Steven W. Woods </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>100,000 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>100,000 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>Nil </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>Nil </P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">1012 Huntington Dr. </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">Duarte, CA 91010 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center>10</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always"><BR></P>
<P style="margin:0px"><BR></P>
<A NAME="page_12"></A><P style="margin:0px"><BR></P>
<TABLE width="100%" cellspacing=0 style="font-size:10pt">
  <TR height=0 style="font-size:0"><TD width=144></TD><TD width=144></TD><TD width=144></TD><TD width=144></TD><TD width=144></TD></TR>
<TR><TD style="border-bottom:1.333px solid #000000" valign=bottom width=144><P style="margin:0px">&nbsp;<B>Name Of</B> <B>Selling</B> <B>Stockholder</B> </P>
</TD><TD style="border-bottom:1.333px solid #000000" valign=bottom width=144><P style="margin:0px">&nbsp;<B>Shares Owned</B> <B>Prior To This</B> <B>Offering</B> </P>
</TD><TD style="border-bottom:1.333px solid #000000" valign=bottom width=144><P style="margin:0px"><B>Total Number</B> <B>Of Shares To</B> <B>Be Offered For</B> <B>Selling</B> <B>Shareholders</B> <B>Account</B> </P>
</TD><TD style="border-bottom:1.333px solid #000000" valign=bottom width=144><P style="margin:0px"><B>Total Shares</B> <B>to Be Owned</B> <B>Upon</B> <B>Completion Of This Offering </B></P>
</TD><TD style="border-bottom:1.333px solid #000000" valign=bottom width=144><P style="margin:0px"><B>Percentage of</B> <B>Shares owned</B> <B>Upon</B> <B>Completion of</B> <B>This Offering</B> </P>
</TD></TR>
<TR><TD width=144><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">John Scasino </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>100,000 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>100,000 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>Nil </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>Nil </P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">147 N. Beachwood Dr. </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">Apartment E </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">Burbank, CA 91506 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD width=144><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">Joseph W. Glennanthony </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>100,000 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>100,000 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>Nil </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>Nil </P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">5712 Airdrome St. </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">Los Angeles, CA </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">90019 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD width=144><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">Julie McDonald </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>100,000 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>100,000 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>Nil </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>Nil </P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">10849 Bloomfield St. </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">Apartment #10 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">North Hollywood, CA </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">91602 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD width=144><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">Maryon Yip </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>100,000 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>100,000 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>Nil </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>Nil </P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">1550 Sanborn Avenue </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">Los Angeles, CA </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">90027 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD width=144><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">Thomas Taubman </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>100,000 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>100,000 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>Nil </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>Nil </P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">4155 Center St. </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">Los Angeles, CA </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">90232 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD width=144><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">Edward R. Landy </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>30,000 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>30,000 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>Nil </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>Nil </P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">66870 Hacienda </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">Desert Hot Springs, CA </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">92440 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD width=144><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">Kirk Strassman </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>30,000 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>30,000 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>Nil </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>Nil </P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">1158 26<SUP>th </SUP>Street </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">Suite 673 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">Santa Monica, CA </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">90403 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD width=144><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">Robin Landy </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>30,000 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>30,000 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>Nil </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>Nil </P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">7550 Santa Lucia St. </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">Fontana, CA </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">92336 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD width=144><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">Kristen Wall </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>30,000 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>30,000 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>Nil </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>Nil </P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">25561 Eastwind Dr. </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">Dana Point, CA </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">92629 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center>11</P>
<P style="margin:0px"><BR>
<BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always"><BR></P>
<TABLE width="100%" cellspacing=0 style="font-size:10pt">
  <TR height=0 style="font-size:0"><TD width=144></TD><TD width=144></TD><TD width=144></TD><TD width=144></TD><TD width=144></TD></TR>
<TR><A NAME="page_13"></A><TD style="border-bottom:1.333px solid #000000" valign=bottom width=144><P style="margin:0px"><B>Name Of</B> <B>Selling</B> <B>Stockholder</B> </P>
</TD><TD style="border-bottom:1.333px solid #000000" valign=bottom width=144><P style="margin:0px"><B>Shares Owned</B> <B>Prior To This</B> <B>Offering</B> </P>
</TD><TD style="border-bottom:1.333px solid #000000" valign=bottom width=144><P style="margin:0px"><B>Total Number</B> <B>Of Shares To</B> <B>Be Offered For</B> <B>Selling</B> <B>Shareholders</B> <B>Account</B> </P>
</TD><TD style="border-bottom:1.333px solid #000000" valign=bottom width=144><P style="margin:0px"><B>Total Shares</B> <B>to Be Owned</B> <B>Upon</B> <B>Completion Of This Offering </B></P>
</TD><TD style="border-bottom:1.333px solid #000000" valign=bottom width=144><P style="margin:0px"><B>Percentage of</B> <B>Shares owned</B> <B>Upon</B> <B>Completion of</B> <B>This Offering</B> </P>
</TD></TR>
<TR><TD width=144><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px">&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">Jason Wall </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>30,000 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>30,000 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>Nil </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>Nil </P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">25561 Eastwind Dr. </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">Dana Point, CA </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">92629 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD width=144><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">Cynthia Reis </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>30,000 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>30,000 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>Nil </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>Nil </P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">25908 Pennsylvania Ave </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">Lomita, CA 90717 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD width=144><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">Dominic M. Reis </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>30,000 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>30,000 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>Nil </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>Nil </P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">25908 Pennsylvania Ave </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">Lomita, CA 90717 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD width=144><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">Colleen White </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>30,000 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>30,000 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>Nil </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>Nil </P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">12432 Woodgreen St. </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">Los Angeles,CA </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">90066 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD width=144><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">Stephen Coles </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>30,000 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>30,000 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>Nil </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>Nil </P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">6845 West 8<SUP>th </SUP>Place </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">Los Angeles, CA </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">90045 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD width=144><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">Aaron M. Coles </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>30,000 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>30,000 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>Nil </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>Nil </P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">6845 West 85<SUP>th</SUP> Place </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">Los Angeles, CA</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">90045</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD width=144><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">Ryan Mallen </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>30,000 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>30,000 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>Nil </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>Nil </P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">861 Wlbur Avenue </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">San Diego, CA </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">92109 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD width=144><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">Ernesto Barragan </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>30,000 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>30,000 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>Nil </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>Nil </P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">16501 Sedona St. </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">Lake Elsimore, CA </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">92530 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD width=144><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">Tonya Christianson </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>30,000 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>30,000 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>Nil </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>Nil </P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">6600 Bobbyboyar Ave. </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">West Hills, CA </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">91307 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD width=144><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">Matthew Moldin </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>30,000 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>30,000 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>Nil </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>Nil </P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">4759 Kester Ave. </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">Sherman Oaks, CA </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">91403 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">&nbsp;&nbsp;</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">The named party beneficially owns and has sole voting and investment power over all shares or rights to these shares. The numbers in this </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center>12</P>
<P style="margin:0px"><BR>
<BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always"><BR></P>
<A NAME="page_14"></A><P style="margin:0px">table assume that none of the selling shareholders sells shares of common stock not being offered in this prospectus or purchases additional shares of common stock, and assumes that all shares offered are sold. The percentages are based on 5,420,000 shares of common stock outstanding on the date of this prospectus. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">None of the selling shareholders: </P>
<P style="margin:0px"><BR></P>
<TABLE width="100%" cellspacing=0 style="font-size:10pt">
  <TR height=0 style="font-size:0"><TD width=36></TD><TD width=36></TD><TD></TD></TR>
<TR><TD width=36><P style="margin:0px">&nbsp;</P>
</TD><TD valign=top width=36><P style="margin:0px">(1) </P>
</TD><TD><P style="margin:0px">has had a material relationship with us other than as a shareholder at any time within the past three years; or</P>
</TD></TR>
<TR><TD width=36><P style="margin:0px">&nbsp;</P>
</TD><TD width=36><P style="margin:0px">&nbsp;</P>
</TD><TD><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD width=36><P style="margin:0px">&nbsp;</P>
</TD><TD valign=top width=36><P style="margin:0px">(2) </P>
</TD><TD><P style="margin:0px">has ever been one of our officers or directors.</P>
</TD></TR>
</TABLE>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><B>Plan Of Distribution </B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px">The selling shareholders may sell some or all of their common stock in one or more transactions, including block transactions. There are no arrangements, agreements or understandings with respect to the sale of these securities. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">The selling shareholders will sell our shares at $0.05 per share until our shares are quoted on the OTC Bulletin Board, and thereafter at prevailing market prices or privately negotiated prices. We determined this offering price based upon the price of the last sale of our common stock to investors. There is no assurance of when, if ever, our stock will be listed on an exchange or quotation system. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">The shares may also be sold in compliance with the Securities and Exchange Commission's Rule 144. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">If applicable, the selling shareholders may distribute shares to one or more of their partners who are unaffiliated with us. Such partners may, in turn, distribute such shares as described above. If these shares being registered for resale are transferred from the named selling shareholders and the new shareholders wish to rely on the prospectus to resell these shares, then we must first file a prospectus supplement naming these individuals as selling shareholders and providing the information required concerning the identity of each selling shareholder and he or her relationship to us. There is no agreement or understanding between the selling shareholders and any partners with respect to the distribution of the shares being registered for resale pursuant to this registration statement. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">We can provide no assurance that all or any of the common stock offered will be sold by the selling shareholders. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">We are bearing all costs relating to the registration of the common stock. The selling shareholders, however, will pay any commissions or other fees payable to brokers or dealers in connection with any sale of the common stock. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">The selling shareholders must comply with the requirements of the Securities Act and the Securities Exchange Act in the offer and sale of the common stock. In particular, during such times as the selling shareholders may be deemed to be engaged in a distribution of the common stock, and therefore be considered to be an underwriter, they <A NAME="page_15"></A>must comply with applicable law and may, among other things: </P>
<P style="margin:0px"><BR></P>
<TABLE width="100%" cellspacing=0 style="font-size:10pt">
  <TR height=0 style="font-size:0"><TD width=36></TD><TD width=36></TD><TD></TD></TR>
<TR><TD width=36><P style="margin:0px">&nbsp;</P>
</TD><TD valign=top width=36><P style="margin:0px">1. </P>
</TD><TD><P style="margin:0px">Not engage in any stabilization activities in connection with our common stock;</P>
</TD></TR>
<TR><TD width=36><P style="margin:0px">&nbsp;</P>
</TD><TD width=36><P style="margin:0px">&nbsp;</P>
</TD><TD><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD width=36><P style="margin:0px">&nbsp;</P>
</TD><TD valign=top width=36><P style="margin:0px">2. </P>
</TD><TD><P style="margin:0px">Furnish each broker or dealer through which common stock may be offered, such copies of this prospectus, as amended from time to time, as may be required by such broker or dealer; and</P>
</TD></TR>
<TR><TD width=36><P style="margin:0px">&nbsp;</P>
</TD><TD width=36><P style="margin:0px">&nbsp;</P>
</TD><TD><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD width=36><P style="margin:0px">&nbsp;</P>
</TD><TD valign=top width=36><P style="margin:0px">3. </P>
</TD><TD><P style="margin:0px">Not bid for or purchase any of our securities or attempt to induce any person to purchase any of our securities other than as permitted under the Securities Exchange Act.</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px">The Securities Exchange Commission has also adopted rules that regulate broker-dealer practices in connection with transactions in penny stocks. Penny stocks are generally equity securities with a price of less than $5.00 (other than securities registered on certain national securities exchanges or quoted on the Nasdaq system, provided that current price and volume information with respect to transactions in such securities is provided by the exchange or system). </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">The penny stock rules require a broker-dealer, prior to a transaction in a penny stock not otherwise exempt from those rules, deliver a standardized risk disclosure document prepared by the Commission, which: </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center>13</P>
<P style="margin:0px"><BR>
<BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always"><BR></P>
<P style="margin:0px"><BR></P>
<TABLE width="100%" cellspacing=0 style="font-size:10pt">
  <TR height=0 style="font-size:0"><TD width=36></TD><TD width=36></TD><TD></TD></TR>
<TR><TD valign=top width=36><P style="margin:0px">&nbsp;</P>
</TD><TD valign=top width=36><P style="margin:0px">* </P>
</TD><TD valign=top><P style="margin:0px">contains a description of the nature and level of risk in the market for penny stocks in both public offerings and secondary trading;</P>
</TD></TR>
<TR><TD valign=top width=36><P style="margin:0px">&nbsp;</P>
</TD><TD valign=top width=36><P style="margin:0px">* </P>
</TD><TD valign=top><P style="margin:0px">contains a description of the broker's or dealer's duties to the customer and of the rights and remedies available to the customer with respect to a violation of such duties or other requirements</P>
</TD></TR>
<TR><TD valign=top width=36><P style="margin:0px">&nbsp;</P>
</TD><TD valign=top width=36><P style="margin:0px">* </P>
</TD><TD valign=top><P style="margin:0px">contains a brief, clear, narrative description of a dealer market, including &quot;bid&quot; and &quot;ask&quot; prices for penny stocks and the significance of the spread between the bid and ask price;</P>
</TD></TR>
<TR><TD valign=top width=36><P style="margin:0px">&nbsp;</P>
</TD><TD valign=top width=36><P style="margin:0px">* </P>
</TD><TD valign=top><P style="margin:0px">contains a toll-free telephone number for inquiries on disciplinary actions;</P>
</TD></TR>
<TR><TD valign=top width=36><P style="margin:0px">&nbsp;</P>
</TD><TD valign=top width=36><P style="margin:0px">* </P>
</TD><TD valign=top><P style="margin:0px">defines significant terms in the disclosure document or in the conduct of trading penny stocks; and</P>
</TD></TR>
<TR><TD valign=top width=36><P style="margin:0px">&nbsp;</P>
</TD><TD valign=top width=36><P style="margin:0px">* </P>
</TD><TD valign=top><P style="margin:0px">contains such other information and is in such form (including language, type, size, and format) as the Commission shall require by rule or regulation;</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px">The broker-dealer also must provide, prior to effecting any transaction in a penny stock, the customer with: </P>
<P style="margin:0px"><BR></P>
<TABLE width="100%" cellspacing=0 style="font-size:10pt">
  <TR height=0 style="font-size:0"><TD width=36></TD><TD width=36></TD><TD></TD></TR>
<TR><TD valign=top width=36><P style="margin:0px">&nbsp;</P>
</TD><TD valign=top width=36><P style="margin:0px">* </P>
</TD><TD valign=top><P style="margin:0px">bid and offer quotations for the penny stock;</P>
</TD></TR>
<TR><TD valign=top width=36><P style="margin:0px">&nbsp;</P>
</TD><TD valign=top width=36><P style="margin:0px">* </P>
</TD><TD valign=top><P style="margin:0px">the compensation of the broker-dealer and its salesperson in the transaction;</P>
</TD></TR>
<TR><TD valign=top width=36><P style="margin:0px">&nbsp;</P>
</TD><TD valign=top width=36><P style="margin:0px">* </P>
</TD><TD valign=top><P style="margin:0px">the number of shares to which such bid and ask prices apply, or other comparable information relating to the depth and liquidity of the market for such stock; and</P>
</TD></TR>
<TR><TD valign=top width=36><P style="margin:0px">&nbsp;</P>
</TD><TD valign=top width=36><P style="margin:0px">* </P>
</TD><TD valign=top><P style="margin:0px">monthly account statements showing the market value of each penny stock held in the customer's account.</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<A NAME="page_16"></A><P style="margin:0px">In addition, the penny stock rules require that prior to a transaction in a penny stock not otherwise exempt from those rules; the broker-dealer must make a special written determination that the penny stock is a suitable investment for the purchaser and receive the purchaser's written acknowledgment of the receipt of a risk disclosure statement, a written agreement to transactions involving penny stocks, and a signed and dated copy of a written suitability statement. These disclosure requirements will have the effect of reducing the trading activity in the secondary market for our stock because it will be subject to these penny stock rules. Therefore, stockholders may have difficulty selling those securities. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center><B>Description Of Securities </B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px"><B>General </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Our authorized capital stock consists of 75,000,000 shares of common stock at a par value of $0.001 per share. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Common Stock </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">As of April 1, 2008, there were 5,420,000 shares of our common stock issued and outstanding that are held by 29 stockholders of record. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Holders of our common stock are entitled to one vote for each share on all matters submitted to a stockholder vote. Holders of common stock do not have cumulative voting rights. Therefore, holders of a majority of the shares of common stock voting for the election of directors can elect all of the directors. Holders of our common stock representing a majority of the voting power of our capital stock issued, outstanding and entitled to vote, represented in person or by proxy, are necessary to constitute a quorum at any meeting of our stockholders. A vote by the holders of a majority of our outstanding shares is required to effectuate certain fundamental corporate changes such as liquidation, merger or an amendment to our articles of incorporation. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Holders of common stock are entitled to share in all dividends that the board of directors, in its discretion, declares from legally available funds. In the event of a liquidation, dissolution or winding up, each outstanding share entitles its holder to participate pro rata in all assets that remain after payment of liabilities and after providing for each class of stock, if any, having preference over the common stock. Holders of our common stock have no pre-emptive rights, no conversion rights and there are no redemption provisions applicable to our common stock. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Preferred Stock </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">We do not have an authorized class of preferred stock. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center>14</P>
<P style="margin:0px"><BR></P>
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<BR></P>
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<P style="margin:0px; page-break-before:always"><BR></P>
<P style="margin:0px"><B>Dividend Policy</B> </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">We have never declared or paid any cash dividends on our common stock. We currently intend to retain future earnings, if any, to finance the expansion of our business. As a result, we do not anticipate paying any cash dividends in the foreseeable future. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Share Purchase Warrants </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">We have not issued and do not have outstanding any warrants to purchase shares of our common stock. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Options </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">We have not issued and do not have outstanding any options to purchase shares of our common stock. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Convertible Securities </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">We have not issued and do not have outstanding any securities convertible into shares of our common stock or any rights convertible or exchangeable into shares of our common stock. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center><B>Interests Of Named Experts And Counsel </B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px">No expert or counsel named in this prospectus as having prepared or certified any part of this prospectus or having given an opinion upon the validity of the securities being registered or upon other legal matters in connection with the registration or offering of the common stock was employed on a contingency basis, or had, or is to receive, in connection with the offering, an interest, direct or indirect, in the registrant or any of its parents or subsidiaries. Nor was any such person connected with the registrant or any of its parents or subsidiaries as a promoter, managing or principal underwriter, voting trustee, director, officer, or employee. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Siegel, Lipman, Dunay, Shepard &amp; Miskel LLP has provided an opinion on the validity of our common stock.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">The financial statements included in this prospectus and the registration statement have been audited by Chisholm Bierwolf &amp; Nilson, LLC to the extent and for the periods set forth in their report appearing elsewhere in this document and in the registration statement filed with the SEC, and are included in reliance upon such report given upon the authority of said firm as experts in auditing and accounting. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center><B>Description Of Business </B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px">We intend to commence operations as an exploration stage mineral exploration company. As such, there is no assurance that a commercially viable mineral deposit exists on our sole mineral property interest, the Zone Lode claim. Further exploration will be required before a final evaluation as to the economic and legal feasibility of the Zone Lode claim is determined. Economic feasibility refers to a formal evaluation completed by an engineer or geologist which confirms that the property can be successfully operated as a mine. Legal feasibility refers to a formal survey of the claims boundaries to ensure that all discovered mineralization is contained within these boundaries. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">We will be engaged in the acquisition, and exploration of mineral properties with a view to exploiting any mineral deposits we discover that demonstrate economic feasibility. We own a 100% interest in the Zone Lode claim. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Our plan of operation is to conduct exploration work on the Zone Lode claim in order to ascertain whether it possesses economic quantities of copper, gold, silver, molybdenum or zinc. There can be no assurance that economic mineral deposits or reserves, exist on the Zone Lode claim until appropriate exploration work is done and an economic evaluation based on such work concludes that production of minerals from the property is economically feasible. Economic feasibility refers to an evaluation completed by an engineer or geologist whereby he or she analyses whether profitable mining operations can be undertaken on the property.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Mineral property exploration is typically conducted in phases. Each subsequent phase of exploration work is recommended by a geologist based on the results from the most recent phase of exploration.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center>15</P>
<P style="margin:0px"><BR></P>
<A NAME="page_20"></A><P style="margin:0px"><BR>
<BR></P>
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<P style="margin:0px; page-break-before:always">We have not yet commenced the initial phase of exploration on the Zone Lode claim. Once we complete each phase of exploration, we will make a decision as to whether or not we proceed with each successive phase based upon the analysis of the results of that program. Our director will make this decision based upon the recommendations of the independent geologist who oversees the program and records the results. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Even if we complete the currently recommended exploration programs on the Zone Lode claim and they are successful, we will need to spend substantial additional funds on further drilling and engineering studies before we will ever know if there is a commercially viable mineral deposit, a reserve, on the property. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">The Zone Lode claim is without known reserves. Our proposed programs are exploratory in nature. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Zone Lode claim Purchase Agreement </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">On May 24, 2007, we entered into an agreement with Terry Loney whereby he agreed to sell the Zone Lode claim to us. The Zone Lode claim is located in Section 8 of Township 35N and Range 36E, Mount Diablo Base Meridian, Elko County, Nevada. In order to acquire a 100% interest in this claim, we paid $10,000 to Mr. Loney.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Title to the Zone Lode claim </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">The Zone Lode claim consists of one mining claim comprising 20.6 acres. There are no other underlying agreements or interests in the property. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">This claim will only be valid as long as pay an annual claim fee of $125, plus a $10 claim maintenance fee by September 1, 2008 of each year.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Location and Access </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">The Zone Lode claim is located in Elko County, within the state of Nevada. The northeast corner of the claim is located approximately 1,965 feet south of the northeast corner of Section 8, Township 35N, Range 68E. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">The boundaries are clearly marked by four wooden posts with aluminum tags attached and scribed with claim name and corner description.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">The property can be accessed by taking exit number 387 off of Interstate I-80. About five miles to the southeast, there are multiple roads that lead to the property. The nearest settlement and services are located at Wendover, Nevada, which is about 25 miles to the southeast via I-80. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Climate and Physiography </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">The climate of the Zone Load claim is arid with diminutive rainfall during the summer. Summer temperatures are moderate due to the high elevation. The mean annual temperature range is 30&#176;C and the lowest recorded temperature near Jackpot was -45&#176;C. The Elko County area receives approximately 128 centimeters of snowfall and 250 millimeters of rain, annually. The moderate climate and temperatures have a minimal effect on exploration work or mining operations. During the spring runoff period, operations may be curtailed for short periods. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">The Property and Elko County are located within the Nevada plateau. The landscape is in the late stage of erosion, the ridges are rounded and the valleys are generally narrow and V-shaped. Salmon Falls Creek, the largest stream east of the Bruneau River in north-eastern Nevada, flows in the shape of a horseshoe through the Contact District and north past the town of Contact and into the Snake River. The area&#146;s vegetation consists of small grasses, sage brush, and the occasional juniper tree.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">There is no power source located on the Zone Lode claim. We will need to use portable generators if we require a power source for exploration of the property. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center>16</P>
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<P style="margin:0px; page-break-before:always"><BR></P>
<A NAME="page_21"></A><P style="margin:0px"><B>Mineralization and Geology </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">The Zone Lode claim is situated on the northwestern portion of a batholith, a large body of volcanic rock that has been exposed due to erosion of the overlying rock. This rock is estimated to be 150 million years old. The area underlain by the batholith forms an indistinct topographic basin extending about 40 kilometers in an east-northeast direction, with a width of about 10 kilometers in a north-south direction. The surrounding sedimentary rocks are uplifted and tilted along much of the contact, forming some of the highest mountains in the area. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Distinct structural disturbances are present along this contact zone in the western part of the batholith near the Hamlet of Contact. Farther away from the contact, the sedimentary rocks assume a flat to gently included altitude and are overlain by volcanic and sedimentary rocks. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">The batholith was accompanied by doming of the overlying and surrounding sedimentary rocks. Subsequently, the central upper portion of the dome was removed by erosion, exposing the batholith in a topographic basin which is surrounded by tilted sedimentary rocks. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">The pronounced alignment of the batholith along a transverse east-northeast structure is also expressed by an anticlinal fold (an arched fold, usually in the shape of an inverted &#147;U&#148;) which is oriented east-northeast, parallel to the northern contact of the batholith. Sedimentary rocks along part of the northern contact dip steeply southward toward the intrusion (a body of volcanic rock that has crystallized from a molten magma below the surface of the Earth). Strong disturbances in the form of faulting, fracturing, and alteration are evident in the granodiorite (a coarse grained rock that is similar to granite but with less quartz and more dark minerals) along the south limb of the anticline structure and copper mineralization is very common in this area. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Recommendations </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">We have obtained a geological report on the Zone Lode claim that was prepared by Amanda Tremblay. Ms. Tremblay has an Honors Bachelor of Science degree in Geology from Queens University. The geological report summarizes details concerning the Zone Lode claim and makes a recommendation for further exploration work. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Based on her review of geological information relating to the Zone Lode claim, Ms. Tremblay recommends an initial exploration program on the property consisting of grid emplacement, concentrated geological mapping and sampling, geophysical surveys and an initial drill hole. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Grid emplacement involves dividing the claims area into subsections in order to aid the plotting of exploration data. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Mapping involves plotting previous exploration data relating to a property on a map in order to determine the best property locations to conduct subsequent exploration work. Sampling consists of a geologist gathering pieces of rock or soil for mineral testing because they appear to contain valuable mineralization.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Geophysical surveying is the search for mineral deposits by measuring the physical property of near-surface rocks, and looking for unusual responses caused by the presence of mineralization. Electrical, magnetic, gravitational, seismic and radioactive properties are the ones most commonly measured. Geophysical surveys are applied in situations where there is insufficient information obtainable from the property surface to allow informed opinions concerning the merit of properties. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Drilling involves extracting a long cylinder of rock from the ground to determine amounts of metals at different depths. Pieces of the rock obtained, known as drill core, are analyzed for mineral content.</P>
<P style="margin:0px"><BR></P>
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<P style="margin:0px" align=center>17</P>
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<P style="margin:0px; page-break-before:always"><B>Compliance with Government Regulation </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">We will be required to comply with all regulations, rules and directives of governmental authorities and agencies applicable to the exploration of minerals in the United States generally, and in the state of Nevada specifically. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">We will have to sustain the cost of reclamation and environmental mediation for all exploration and development work undertaken. The amount of these costs is not known at this time as we do not know the extent of the exploration program that will be undertaken beyond </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">completion of the currently planned work programs. Because there is presently no information on the size, tenor, or quality of any resource or reserve at this time, it is impossible to assess the impact of any capital expenditures on earnings or our competitive position in the event a potentially economic deposit is discovered. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">If we enter into production, the cost of complying with permit and regulatory environment laws will be greater than in the exploration phases because the impact on the project area is greater. Permits and regulations will control all aspects of any production program if the project continues to that stage because of the potential impact on the environment. Examples of regulatory requirements include: </P>
<P style="margin:0px"><BR></P>
<TABLE width="100%" cellspacing=0 style="font-size:10pt">
  <TR height=0 style="font-size:0"><TD width=72></TD><TD></TD></TR>
<TR><TD valign=top width=72><P style="margin:0px" align=center>- </P>
</TD><TD valign=top><P style="margin:0px">Water discharge will have to meet water standards; </P>
</TD></TR>
<TR><TD valign=top width=72><P style="margin:0px" align=center>- </P>
</TD><TD valign=top><P style="margin:0px">Dust generation will have to be minimal or otherwise re- mediated; </P>
</TD></TR>
<TR><TD valign=top width=72><P style="margin:0px" align=center>- </P>
</TD><TD valign=top><P style="margin:0px">Dumping of material on the surface will have to be re- contoured and re-vegetated; </P>
</TD></TR>
<TR><TD valign=top width=72><P style="margin:0px" align=center>- </P>
</TD><TD valign=top><P style="margin:0px">An assessment of all material to be left on the surface will need to be environmentally benign; </P>
</TD></TR>
<TR><TD valign=top width=72><P style="margin:0px" align=center>- </P>
</TD><TD valign=top><P style="margin:0px">Ground water will have to be monitored for any potential contaminants; </P>
</TD></TR>
<TR><TD valign=top width=72><P style="margin:0px" align=center>- </P>
</TD><TD valign=top><P style="margin:0px">The socio-economic impact of the project will have to be evaluated and if deemed negative, will have to be re- mediated; and </P>
</TD></TR>
<TR><TD valign=top width=72><P style="margin:0px" align=center>- </P>
</TD><TD valign=top><P style="margin:0px">There will have to be an impact report of the work on the local fauna and flora. </P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Employees</B> </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">We have no employees as of the date of this prospectus other than our directors. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Research and Development Expenditures </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">We have not incurred any other research or development expenditures since our incorporation. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Subsidiaries</B> </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">We do not have any subsidiaries.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Patents and Trademarks</B> </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">We do not own, either legally or beneficially, any patents or trademarks. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center><B>Description Of Property </B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px">We own a 100% interest in one mining claim, known as the Zone Lode claim located in Elko County, Nevada. We only hold the right to explore for and extract minerals from the Zone Lode claim. We do not own any real property rights to the Zone Lode claim. We do not own or lease any property other than the Zone Lode claim. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center><B>Legal Proceedings </B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px">We are not currently a party to any legal proceedings. Our address for service of process in Nevada is 1802 North Carson Street, Suite 202 Carson City, Nevada 89701. </P>
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<P style="margin:0px" align=center>18</P>
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<P style="margin:0px; page-break-before:always" align=center><B>Market For Common Equity And Related Stockholder Matters</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px"><B>No Public Market for Common Stock </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">There is presently no public market for our common stock. We anticipate applying for trading of our common stock on the over the counter bulletin board upon the effectiveness of the registration statement of which this prospectus forms a part. However, we can provide no assurance that our shares will be traded on the bulletin board or, if traded, that a public market will materialize.</P>
<P style="margin:0px"><B>Stockholders of Our Common Shares</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">As of the date of this registration statement, we have 29 registered shareholders. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Rule 144 Shares </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">A total of 3,000,000 shares of our common stock are available for resale to the public in accordance with the volume and trading limitations of Rule 144 of the Act. In general, under Rule 144 as currently in effect, a person who has beneficially owned shares of a company's common stock for at least six months, provided that the company has been subject to the reporting requirements of the Securities Act of 1934 for a minimum of 90 days, is entitled to sell within any three month period a number of shares that does not exceed the greater of: </P>
<P style="margin:0px"><BR></P>
<TABLE width="100%" cellspacing=0 style="font-size:10pt">
  <TR height=0 style="font-size:0"><TD width=36></TD><TD></TD></TR>
<TR><TD valign=top width=36><P style="margin:0px">1. </P>
</TD><TD><P style="margin:0px">1% of the number of shares of the company's common stock then outstanding which, in our case, will equal 54,200, shares as of the date of this prospectus; or</P>
</TD></TR>
<TR><TD width=36><P style="margin:0px">&nbsp;</P>
</TD><TD><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=36><P style="margin:0px">2. </P>
</TD><TD><P style="margin:0px">the average weekly trading volume of the company's common stock during the four calendar weeks preceding the filing of a notice on Form 144 with respect to the sale.</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Sales under Rule 144 are also subject to manner of sale provisions and notice requirements and to the availability of current public information about the company. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Under Rule 144(k), a person who is not one of the company's affiliates at any time during the three months preceding a sale, and who has beneficially owned the shares proposed to be sold for at least two years, is entitled to sell shares without complying with the manner of <A NAME="page_26"></A>sale, public information, volume limitation or notice provisions of Rule 144. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">As of the date of this prospectus, persons who are our affiliates hold all of the 3,000,000 shares that may be sold pursuant to Rule 144. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Stock Option Grants </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">To date, we have not granted any stock options. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Registration Rights </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">We have not granted registration rights to the selling shareholders or to any other persons. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Dividends</B> </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">There are no restrictions in our articles of incorporation or bylaws that prevent us from declaring dividends. The Nevada Revised Statutes, however, do prohibit us from declaring dividends where, after giving effect to the distribution of the dividend: </P>
<P style="margin:0px"><BR></P>
<TABLE width="100%" cellspacing=0 style="font-size:10pt">
  <TR height=0 style="font-size:0"><TD width=36></TD><TD></TD></TR>
<TR><TD valign=top width=36><P style="margin:0px">1. </P>
</TD><TD><P style="margin:0px">we would not be able to pay our debts as they become due in the usual course of business; or</P>
</TD></TR>
<TR><TD width=36><P style="margin:0px">&nbsp;</P>
</TD><TD><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=36><P style="margin:0px">2. </P>
</TD><TD><P style="margin:0px">our total assets would be less than the sum of our total liabilities plus the amount that would be needed to satisfy the rights of shareholders who have preferential rights superior to those receiving the distribution.</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px">We have not declared any dividends, and we do not plan to declare any dividends in the foreseeable future. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center>19</P>
<P style="margin:0px"><BR>
<BR></P>
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<P style="margin:0px; page-break-before:always"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center><B>Financial Statements </B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px"><B>Index to Financial Statements</B>: </P>
<P style="margin:0px"><BR></P>
<TABLE width="100%" cellspacing=0 style="font-size:10pt">
  <TR height=0 style="font-size:0"><TD width=36></TD><TD width=36></TD><TD></TD></TR>
<TR><TD valign=top width=36><P style="margin:0px">1.</P>
</TD><TD valign=top colspan=2><P style="margin:0px">Report of Independent Registered Public Accounting Firm; </P>
</TD></TR>
<TR><TD width=36><P>&nbsp;</P></TD><TD width=36><P>&nbsp;</P></TD><TD><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=36><P style="margin:0px">2. </P>
</TD><TD valign=top colspan=2><P style="margin:0px">Audited financial statements for the period from February 20, 2007 (inception) to June 30, 2007, and unaudited interim financial statements for the period ended December 31, 2007 including: </P>
</TD></TR>
<TR><TD width=36><P>&nbsp;</P></TD><TD width=36><P>&nbsp;</P></TD><TD><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=36><P>&nbsp;</P></TD><TD valign=top width=36><P style="margin:0px">a.</P>
</TD><TD valign=top><P style="margin:0px">Balance Sheets; </P>
</TD></TR>
<TR><TD valign=top width=36><P>&nbsp;</P></TD><TD valign=top width=36><P style="margin:0px">b.</P>
</TD><TD valign=top><P style="margin:0px">Statements of Operations; </P>
</TD></TR>
<TR><TD valign=top width=36><P>&nbsp;</P></TD><TD valign=top width=36><P style="margin:0px">c.</P>
</TD><TD valign=top><P style="margin:0px">Statements of Cash Flows; </P>
</TD></TR>
<TR><TD valign=top width=36><P>&nbsp;</P></TD><TD valign=top width=36><P style="margin:0px">d.</P>
</TD><TD valign=top><P style="margin:0px">Statement of Stockholders' Equity; and </P>
</TD></TR>
<TR><TD valign=top width=36><P>&nbsp;</P></TD><TD valign=top width=36><P style="margin:0px">e.</P>
</TD><TD valign=top><P style="margin:0px">Notes to Financial Statements </P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center>20</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
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<P style="margin:0px; page-break-before:always"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="line-height:20pt; margin:0px; font-size:18pt" align=center><B>Lincoln Mining Inc. <BR>
(An Exploration Stage Company)</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="line-height:14pt; margin:0px; font-size:12pt" align=center>Financial Statements <BR>
June 30, 2007</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center>21</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always"><BR></P>
<P style="margin:0px"><BR></P>
<A NAME="page_R-1"></A><P style="margin:0px" align=center><img src="lincolns1apr1002.jpg" alt="[lincolns1apr1002.jpg]" align=middle height=118 width=729><BR>
533 West 2600 South, Suite 25 - Bountiful, Utah 84010 - Phone: (801) 292-8756 - Fax: (801) 292-8809 - www.cbncpa..com</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><B>REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM </B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px">To the Board of Directors and Shareholders <BR>
Lincoln Mining, Inc.. (An Exploration Stage <BR>
Company) Beverly Hills, California</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">We have audited the accompanying balance sheet of Lincoln Mining, Inc. (An Exploration Stage Company) as of June 30, 2007, and the related statement of operations, stockholders' deficit and cash flows for the year ended June 30, 2007, and for the period February 20, 2007 (inception) through June 30, 2007. These financial statements are the responsibility of the Company's management Our responsibility is to express an opinion on these financial statements based on our audit</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">We conducted our audit in accordance with the standards of the PCAOB (United States).. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatements.. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting .. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting .. Accordingly, we express no such opinion .. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and the significant estimates made by management, as well as evaluating the overall financial statements presentation. We believe that our audit provide a reasonable basis for our opinion ..</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">In our opinion, the aforementioned financial statements present fairly, in all material respects, the financial position of Lincoln Mining, Inc. (An Exploration Stage Company), as of June 30, 2007 and the results of its operations and its cash flows for the year ended June 30, 2007 and for the period February 20, 2007 (inception) through June 30, 2007, in conformity with accounting principles generally accepted in the United States of America.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">The accompanying financial statements have been prepared assuming the Company will continue as a going concern.. As discussed in Note 8 to the financial statements, the Company has suffered an operating loss for the period presented, has negative cash flow from operations, and is dependent on equity financing to pay operating expenses which raises substantial doubt about its ability to continue as a going concern. Management's plans in regard to these matters are also described in Note 8.. The financial statements do not include any adjustments that might result from the outcome of these uncertainties</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><img src="lincolns1apr1004.jpg" alt="[lincolns1apr1004.jpg]" align=middle height=28 width=329></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Chisholm, Bierwolf &amp; Nilson, LLC <BR>
Bountiful, Utah July 17, 2007</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center>Member of AICPA, UACPA &amp; Registered with PCAOB </P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center>22</P>
<P style="margin:0px"><BR>
<BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always"><BR></P>
<A NAME="page_JF-1"></A><P style="margin:0px">&nbsp;</P>
<TABLE cellspacing=0 style="font-size:10pt" width=100%>
  <TR height=0 style="font-size:0"><TD></TD>
  <TD width=2%></TD>
  <TD width=15%></TD><TD width=3%></TD>
  </TR>
<TR><TD valign=bottom colspan=4><P style="margin:0px" align=center>&nbsp;<A NAME="page_JF-2"></A><B>Lincoln Mining, Inc.</B> </P>
</TD></TR>
<TR><TD valign=top colspan=4><P style="margin:0px" align=center><B>(An Exploration Stage Company)</B> </P>
</TD></TR>
<TR><TD valign=bottom colspan=4><P style="margin:0px" align=center>Balance Sheet </P>
</TD></TR>
<TR><TD valign=bottom colspan=4><P style="margin:0px" align=center>June 30, 2007 </P>
</TD></TR>
<TR><TD style="border-bottom:1.333px solid #000000" colspan=4><P style="margin:0px" align=center>&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom colspan=3><P>&nbsp;</P></TD><TD width=3% valign=bottom><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=bottom colspan=3><P style="margin:0px" align=center><U>ASSETS</U>&nbsp; </P>
</TD><TD width=3% valign=bottom style="background-color:#E6EFFF"><P style="margin:0px" align=center>&nbsp;</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0px"><U>Current</U> </P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3% valign=top><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents </P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF"><P style="margin:0px"align="right">$</P>
</TD><TD width=15% valign=top style="background-color:#E6EFFF"><P  align=right>&nbsp;23,721 </P>
</TD><TD width=3% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepaid </P>
</TD><TD width=2% valign=top style="border-bottom:1px solid #000000"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top style="border-bottom:1px solid #000000"><P style="margin:0px" align=right>251 </P>
</TD><TD width=3% valign=top style="border-bottom:1px solid #000000"><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current assets </P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top style="background-color:#E6EFFF"><P style="margin:0px" align=right>23,972 </P>
</TD><TD width=3% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2%><P style="margin:0px">&nbsp;</P>
</TD><TD width=15%><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3%><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top><P style="margin:0px"><U>Property and Equipment</U> </P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mining interests </P>
</TD><TD width=2% valign=top style="border-bottom:1px solid #000000"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top style="border-bottom:1px solid #000000"><P style="margin:0px" align=right>10,000 </P>
</TD><TD width=3% valign=top style="border-bottom:1px solid #000000"><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total property and equipment </P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top style="background-color:#E6EFFF"><P style="margin:0px" align=right>10,000 </P>
</TD><TD width=3% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2%><P style="margin:0px">&nbsp;</P>
</TD><TD width=15%><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3%><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets </P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF; border-bottom:3px double #000000"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top style="background-color:#E6EFFF; border-bottom:3px double #000000"><P style="margin:0px" align=right>33,972 </P>
</TD><TD width=3% valign=top style="background-color:#E6EFFF; border-bottom:3px double #000000"><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2%><P style="margin:0px">&nbsp;</P>
</TD><TD width=15%><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3%><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=bottom colspan=3><P style="margin:0px" align=center><U>LIABILITIES AND STOCKHOLDERS&#146; EQUITY</U> </P>
</TD><TD width=3% valign=bottom style="background-color:#E6EFFF"><P style="margin:0px" align=center>&nbsp;</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0px"><U>Current</U> </P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3% valign=top><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Related party payable </P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF; border-bottom:1px solid #000000"><P style="margin:0px"align="right">$</P>
</TD><TD width=15% valign=top style="background-color:#E6EFFF; border-bottom:1px solid #000000"><P style="margin:0px" align=right>&nbsp;100 </P>
</TD><TD width=3% valign=top style="background-color:#E6EFFF; border-bottom:1px solid #000000"><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2%><P style="margin:0px">&nbsp;</P>
</TD><TD width=15%><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3%><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current </P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF; border-bottom:1px solid #000000"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top style="background-color:#E6EFFF; border-bottom:1px solid #000000"><P style="margin:0px" align=right>100 </P>
</TD><TD width=3% valign=top style="background-color:#E6EFFF; border-bottom:1px solid #000000"><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2%><P style="margin:0px">&nbsp;</P>
</TD><TD width=15%><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3%><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities </P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF; border-bottom:1px solid #000000"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top style="background-color:#E6EFFF; border-bottom:1px solid #000000"><P style="margin:0px" align=right>100 </P>
</TD><TD width=3% valign=top style="background-color:#E6EFFF; border-bottom:1px solid #000000"><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2%><P style="margin:0px">&nbsp;</P>
</TD><TD width=15%><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3%><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top><P style="margin:0px">Commitments and contingencies </P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top style="background-color:#E6EFFF"><P style="margin:0px" align=right>- </P>
</TD><TD width=3% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2%><P style="margin:0px">&nbsp;</P>
</TD><TD width=15%><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3%><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top><P style="margin:0px"><U>Stockholders' Equity</U> </P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital stock, $.001 par value, </P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3% valign=top><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75,000,000 shares authorized; </P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,420,000 shares issued and outstanding, respectively </P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top><P style="margin:0px" align=right>5,420 </P>
</TD><TD width=3% valign=top><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Additional paid-in capital </P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top style="background-color:#E6EFFF"><P style="margin:0px" align=right>29,580 </P>
</TD><TD width=3% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deficit, accumulated during the exploration stage </P>
</TD><TD width=2% valign=top style="border-bottom:1px solid #000000"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top style="border-bottom:1px solid #000000"><P  align=right>(1,128</P>
</TD><TD width=3% valign=top style="border-bottom:1px solid #000000"><P style="margin:0px"align="left">) </P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total stockholders&#146; equity </P>
</TD><TD width=2% valign=top style="border-bottom:1px solid #000000"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top style="border-bottom:1px solid #000000"><P style="margin:0px" align=right>33,872 </P>
</TD><TD width=3% valign=top style="border-bottom:1px solid #000000"><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and stockholders&#146; equity </P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF; border-bottom:3px double #000000"><P style="margin:0px"align="right">$</P>
</TD><TD width=15% valign=top style="background-color:#E6EFFF; border-bottom:3px double #000000"><P style="margin:0px" align=right>&nbsp;33,972 </P>
</TD><TD width=3% valign=top style="background-color:#E6EFFF; border-bottom:3px double #000000"><P style="margin:0px">&nbsp;</P>
</TD></TR>
</TABLE>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center>The accompanying notes are an integral part of these financial statements. <BR>
Page 2 of 11 </P>
<P style="margin:0px" align=center><BR>
<BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=center><BR></P>
<P style="margin:0px"><BR></P>
<A NAME="page_JF-3"></A><P style="margin:0px"><BR></P>
<TABLE cellspacing=0 style="font-size:10pt" width="100%">
  <TR height=0 style="font-size:0"><TD></TD>
  <TD width=2%></TD>
  <TD width=15%></TD>
  <TD width=2%></TD>
  <TD width=2%></TD>
  <TD width=15%></TD>
  <TD width=2%></TD>
  </TR>
<TR><TD valign=bottom colspan=7><P style="margin:0px" align=center><B>Lincoln Mining, Inc.</B> </P>
</TD></TR>
<TR><TD valign=top colspan=7><P style="margin:0px" align=center><B>(An Exploration Stage Company)</B> </P>
</TD></TR>
<TR><TD style="border-bottom:1px solid #000000" valign=bottom colspan=7><P style="margin:0px" align=center>Statements of Operations </P>
</TD></TR>
<TR><TD valign=top><P>&nbsp;</P></TD><TD width=2% valign=top><P>&nbsp;</P></TD><TD width=15% valign=top><P>&nbsp;</P></TD><TD width=2% valign=top><P>&nbsp;</P></TD><TD width=2% valign=top><P>&nbsp;</P></TD><TD width=15% valign=top><P>&nbsp;</P></TD><TD width=2% valign=top><P>&nbsp;</P></TD></TR>
<TR><TD valign=top><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD width=15% valign=top><P style="margin:0px" align=center>Accumulated from </P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD width=15% valign=top><P style="margin:0px" align=center>February 20, 2007 </P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top><P style="margin:0px" align=center>For the period </P>
</TD><TD width=2% valign=top><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD width=15% valign=top><P style="margin:0px" align=center>(inception) through </P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top><P style="margin:0px" align=center>ended June 30, </P>
</TD><TD width=2% valign=top><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD width=15% valign=top><P style="margin:0px" align=center>June 30, </P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% valign=top style="border-bottom:1px solid #000000"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top style="border-bottom:1px solid #000000"><P style="margin:0px" align=center>2007 </P>
</TD><TD width=2% valign=top><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD width=2% valign=top style="border-bottom:1px solid #000000"><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD width=15% valign=top style="border-bottom:1px solid #000000"><P style="margin:0px" align=center>2007 </P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2%><P style="margin:0px">&nbsp;</P>
</TD><TD width=15%><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2%><P style="margin:0px">&nbsp;</P>
</TD><TD width=2%><P style="margin:0px">&nbsp;</P>
</TD><TD width=15%><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2%><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top><P style="margin:0px"><U>Revenue</U> </P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF"><P style="margin:0px"align="right">$</P>
</TD><TD width=15% valign=top style="background-color:#E6EFFF"><P style="margin:0px" align=right>&nbsp;- </P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF"><P style="margin:0px"align="right">$</P>
</TD><TD width=15% valign=top style="background-color:#E6EFFF"><P style="margin:0px" align=right>&nbsp;- </P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2%><P style="margin:0px">&nbsp;</P>
</TD><TD width=15%><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2%><P style="margin:0px">&nbsp;</P>
</TD><TD width=2%><P style="margin:0px">&nbsp;</P>
</TD><TD width=15%><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2%><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top><P style="margin:0px"><U>Operating Costs and Expenses</U> </P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Legal and accounting </P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top><P style="margin:0px" align=right>749 </P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top><P style="margin:0px" align=right>749 </P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Operation and Administration </P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF; border-bottom:1px solid #000000"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top style="background-color:#E6EFFF; border-bottom:1px solid #000000"><P style="margin:0px" align=right>379 </P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF; border-bottom:1px solid #000000"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top style="background-color:#E6EFFF; border-bottom:1px solid #000000"><P style="margin:0px" align=right>379 </P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total operating expense </P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top><P style="margin:0px" align=right>1,128 </P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top><P style="margin:0px" align=right>1,128 </P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0px">Net loss from operations and before income tax </P>
</TD><TD width=2% valign=top style="border-bottom:1px solid #000000"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top style="border-bottom:1px solid #000000"><P style="margin:0px" align=right>(1,128</P>
</TD><TD width=2% valign=top><P style="margin:0px" align="left">) </P>
</TD><TD width=2% valign=top style="border-bottom:1px solid #000000"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top style="border-bottom:1px solid #000000"><P style="margin:0px" align=right>(1,128</P>
</TD><TD width=2% valign=top><P style="margin:0px"align="left">) </P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0px">Income tax expense </P>
</TD><TD width=2% valign=top style="border-bottom:1px solid #000000"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top style="border-bottom:1px solid #000000"><P style="margin:0px" align=right>- </P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% valign=top style="border-bottom:1px solid #000000"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top style="border-bottom:1px solid #000000"><P style="margin:0px" align=right>- </P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0px">Net loss </P>
</TD><TD width=2% valign=top style="border-bottom:3px double #000000"><P style="margin:0px"align="right">$</P>
</TD><TD width=15% valign=top style="border-bottom:3px double #000000"><P style="margin:0px" align=right>&nbsp;(1,128</P>
</TD><TD width=2% valign=top><P style="margin:0px"align="left">) </P>
</TD><TD width=2% valign=top style="border-bottom:3px double #000000"><P style="margin:0px"align="right">$</P>
</TD><TD width=15% valign=top style="border-bottom:3px double #000000"><P style="margin:0px" align=right>&nbsp;(1,128</P>
</TD><TD width=2% valign=top><P style="margin:0px"align="left">) </P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2%><P style="margin:0px">&nbsp;</P>
</TD><TD width=15%><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2%><P style="margin:0px">&nbsp;</P>
</TD><TD width=2%><P style="margin:0px">&nbsp;</P>
</TD><TD width=15%><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2%><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0px">Loss per common share - basic </P>
</TD><TD width=2% valign=top><P style="margin:0px"align="right">$</P>
</TD><TD width=15% valign=top><P style="margin:0px" align=right>&nbsp;- </P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2%><P style="margin:0px">&nbsp;</P>
</TD><TD width=15%><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2%><P style="margin:0px">&nbsp;</P>
</TD><TD width=2%><P style="margin:0px">&nbsp;</P>
</TD><TD width=15%><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2%><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top><P style="margin:0px">Weighted average common shares per share &#150; basic </P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top style="background-color:#E6EFFF"><P style="margin:0px" align=right>5,122,308 </P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD></TR>
</TABLE>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center>The accompanying notes are an integral part of these financial statements. <BR>
Page 3 of 11 </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
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<P style="margin:0px"><BR></P>
<A NAME="page_JF-4"></A><P style="margin:0px"><BR></P>
<TABLE cellspacing=0 style="font-size:10pt" width="100%">
  <TR height=0 style="font-size:0"><TD></TD>
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  <TD width=3%></TD>
  <TD width=2%></TD>
  <TD width=10%></TD>
  <TD width=3%></TD>
  <TD width=2%></TD>
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  <TD width=3%></TD>
  <TD width=2%></TD>
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<TR><TD valign=bottom colspan=16><P style="margin:0px" align=center><B>Lincoln Mining, Inc.</B> </P>
</TD></TR>
<TR><TD valign=bottom colspan=16><P style="margin:0px" align=center><B>(An Exploration Stage Company)</B> </P>
</TD></TR>
<TR><TD valign=bottom colspan=16><P style="margin:0px" align=center>Statement of Stockholders' Equity </P>
</TD></TR>
<TR><TD valign=top colspan=16><P style="margin:0px" align=center>From February 20, 2007 through June 30, 2007 </P>
</TD></TR>
<TR><TD style="border-bottom:1px solid #000000" colspan=16><P style="margin:0px" align=center>&nbsp;</P>
</TD></TR>
<TR><TD valign=top><P>&nbsp;</P></TD><TD width=2% valign=top><P>&nbsp;</P></TD><TD width=10% valign=top><P>&nbsp;</P></TD><TD width=3% valign=top><P>&nbsp;</P></TD><TD width=2% valign=top><P>&nbsp;</P></TD><TD width=10% valign=top><P>&nbsp;</P></TD><TD width=3% valign=top><P>&nbsp;</P></TD><TD width=2% valign=top><P>&nbsp;</P></TD><TD width=10% valign=top><P>&nbsp;</P></TD><TD width=3% valign=top><P>&nbsp;</P></TD><TD width=2% valign=top><P>&nbsp;</P></TD><TD width=10% valign=top><P>&nbsp;</P></TD><TD width=3% valign=top><P>&nbsp;</P></TD><TD width=2% valign=top><P>&nbsp;</P></TD><TD width=10% valign=top><P>&nbsp;</P></TD><TD width=2% valign=top><P>&nbsp;</P></TD></TR>
<TR><TD valign=top><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=10% valign=top><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=3% valign=top><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD width=10% valign=top><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=3% valign=top><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD width=10% valign=top><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=3% valign=top><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD width=10% valign=top><P style="margin:0px" align=center><B>Accumulated</B> </P>
</TD><TD width=3% valign=top><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD width=10% valign=top><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=10% valign=top><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=3% valign=top><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD width=10% valign=top><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=3% valign=top><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD width=10% valign=top><P style="margin:0px" align=center><B>Additional</B> </P>
</TD><TD width=3% valign=top><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD width=10% valign=top><P style="margin:0px" align=center><B>Deficit During</B> </P>
</TD><TD width=3% valign=top><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD width=10% valign=top><P style="margin:0px" align=center><B>Total</B> </P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=10% valign=top><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=3% valign=top><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD width=10% valign=top><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=3% valign=top><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD width=10% valign=top><P style="margin:0px" align=center><B>Paid in</B> </P>
</TD><TD width=3% valign=top><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD width=10% valign=top><P style="margin:0px" align=center><B>Exploration</B> </P>
</TD><TD width=3% valign=top><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD width=10% valign=top><P style="margin:0px" align=center><B>Stockholders'</B> </P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=10% valign=top><P style="margin:0px" align=center><B>Shares</B> </P>
</TD><TD width=3% valign=top><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD width=10% valign=top><P style="margin:0px" align=center><B>Amount</B> </P>
</TD><TD width=3% valign=top><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD width=10% valign=top><P style="margin:0px" align=center><B>Capital</B> </P>
</TD><TD width=3% valign=top><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD width=10% valign=top><P style="margin:0px" align=center><B>Stage</B> </P>
</TD><TD width=3% valign=top><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD width=10% valign=top><P style="margin:0px" align=center><B>Equity</B> </P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2%><P style="margin:0px">&nbsp;</P>
</TD><TD width=10%><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3%><P style="margin:0px">&nbsp;</P>
</TD><TD width=2%><P style="margin:0px">&nbsp;</P>
</TD><TD width=10%><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3%><P style="margin:0px">&nbsp;</P>
</TD><TD width=2%><P style="margin:0px">&nbsp;</P>
</TD><TD width=10%><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3%><P style="margin:0px">&nbsp;</P>
</TD><TD width=2%><P style="margin:0px">&nbsp;</P>
</TD><TD width=10%><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3%><P style="margin:0px">&nbsp;</P>
</TD><TD width=2%><P style="margin:0px">&nbsp;</P>
</TD><TD width=10%><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2%><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0px">Balance, February 20, 2007 </P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=10% valign=top><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=10% valign=top><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=10% valign=top><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=10% valign=top><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=10% valign=top><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top><P style="margin:0px">(inception) </P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF; border-bottom:1px solid #000000"><P style="margin:0px">&nbsp;</P>
</TD><TD width=10% valign=top style="background-color:#E6EFFF; border-bottom:1px solid #000000"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3% valign=top style="background-color:#E6EFFF; border-bottom:1px solid #000000"><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF; border-bottom:1px solid #000000"><P style="margin:0px"align="right">$</P>
</TD><TD width=10% valign=top style="background-color:#E6EFFF; border-bottom:1px solid #000000"><P style="margin:0px" align=right>&nbsp;- </P>
</TD><TD width=3% valign=top style="background-color:#E6EFFF; border-bottom:1px solid #000000"><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF; border-bottom:1px solid #000000"><P style="margin:0px"align="right">$</P>
</TD><TD width=10% valign=top style="background-color:#E6EFFF; border-bottom:1px solid #000000"><P style="margin:0px" align=right>&nbsp;- </P>
</TD><TD width=3% valign=top style="background-color:#E6EFFF; border-bottom:1px solid #000000"><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF; border-bottom:1px solid #000000"><P style="margin:0px"align="right">$</P>
</TD><TD width=10% valign=top style="background-color:#E6EFFF; border-bottom:1px solid #000000"><P style="margin:0px" align=right>&nbsp;- </P>
</TD><TD width=3% valign=top style="background-color:#E6EFFF; border-bottom:1px solid #000000"><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF; border-bottom:1px solid #000000"><P style="margin:0px"align="right">$</P>
</TD><TD width=10% valign=top style="background-color:#E6EFFF; border-bottom:1px solid #000000"><P style="margin:0px" align=right>&nbsp;- </P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF; border-bottom:1px solid #000000"><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2%><P style="margin:0px">&nbsp;</P>
</TD><TD width=10%><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3%><P style="margin:0px">&nbsp;</P>
</TD><TD width=2%><P style="margin:0px">&nbsp;</P>
</TD><TD width=10%><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3%><P style="margin:0px">&nbsp;</P>
</TD><TD width=2%><P style="margin:0px">&nbsp;</P>
</TD><TD width=10%><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3%><P style="margin:0px">&nbsp;</P>
</TD><TD width=2%><P style="margin:0px">&nbsp;</P>
</TD><TD width=10%><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3%><P style="margin:0px">&nbsp;</P>
</TD><TD width=2%><P style="margin:0px">&nbsp;</P>
</TD><TD width=10%><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2%><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=10% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=10% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=10% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=10% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=10% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares issued for Cash at </P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=10% valign=top><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=10% valign=top><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=10% valign=top><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=10% valign=top><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=10% valign=top><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$0.01 per share </P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=10% valign=top style="background-color:#E6EFFF"><P style="margin:0px" align=right>5,000,000 </P>
</TD><TD width=3% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=10% valign=top style="background-color:#E6EFFF"><P style="margin:0px" align=right>5,000 </P>
</TD><TD width=3% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=10% valign=top style="background-color:#E6EFFF"><P style="margin:0px" align=right>9,000 </P>
</TD><TD width=3% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=10% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=10% valign=top style="background-color:#E6EFFF"><P style="margin:0px" align=right>14,000 </P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2%><P style="margin:0px">&nbsp;</P>
</TD><TD width=10%><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3%><P style="margin:0px">&nbsp;</P>
</TD><TD width=2%><P style="margin:0px">&nbsp;</P>
</TD><TD width=10%><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3%><P style="margin:0px">&nbsp;</P>
</TD><TD width=2%><P style="margin:0px">&nbsp;</P>
</TD><TD width=10%><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3%><P style="margin:0px">&nbsp;</P>
</TD><TD width=2%><P style="margin:0px">&nbsp;</P>
</TD><TD width=10%><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3%><P style="margin:0px">&nbsp;</P>
</TD><TD width=2%><P style="margin:0px">&nbsp;</P>
</TD><TD width=10%><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2%><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares issued for Cash at </P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=10% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=10% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=10% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=10% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=10% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$0.05 per share </P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=10% valign=top><P style="margin:0px" align=right>420,000 </P>
</TD><TD width=3% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=10% valign=top><P style="margin:0px" align=right>420 </P>
</TD><TD width=3% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=10% valign=top><P style="margin:0px" align=right>20,580 </P>
</TD><TD width=3% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=10% valign=top><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=10% valign=top><P style="margin:0px" align=right>21,000 </P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=10% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=10% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=10% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=10% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=10% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=top><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net loss for the period </P>
</TD><TD width=2% valign=top style="background-color:#FFFFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=10% valign=top style="background-color:#FFFFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3% valign=top style="background-color:#FFFFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% valign=top style="background-color:#FFFFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=10% valign=top style="background-color:#FFFFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3% valign=top style="background-color:#FFFFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% valign=top style="background-color:#FFFFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=10% valign=top style="background-color:#FFFFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3% valign=top style="background-color:#FFFFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% valign=top style="background-color:#FFFFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=10% valign=top style="background-color:#FFFFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3% valign=top style="background-color:#FFFFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% valign=top style="background-color:#FFFFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=10% valign=top style="background-color:#FFFFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% valign=top style="background-color:#FFFFFF"><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ending June 30, 2007 </P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF; border-bottom:1px solid #000000"><P style="margin:0px">&nbsp;</P>
</TD><TD width=10% valign=top style="background-color:#E6EFFF; border-bottom:1px solid #000000"><P style="margin:0px" align=right>- </P>
</TD><TD width=3% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF; border-bottom:1px solid #000000"><P style="margin:0px">&nbsp;</P>
</TD><TD width=10% valign=top style="background-color:#E6EFFF; border-bottom:1px solid #000000"><P style="margin:0px" align=right>- </P>
</TD><TD width=3% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF; border-bottom:1px solid #000000"><P style="margin:0px">&nbsp;</P>
</TD><TD width=10% valign=top style="background-color:#E6EFFF; border-bottom:1px solid #000000"><P style="margin:0px" align=right>- </P>
</TD><TD width=3% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF; border-bottom:1px solid #000000"><P style="margin:0px">&nbsp;</P>
</TD><TD width=10% valign=top style="background-color:#E6EFFF; border-bottom:1px solid #000000"><P style="margin:0px" align=right>(1,128</P>
</TD><TD width=3% valign=top style="background-color:#E6EFFF"><P style="margin:0px"align="left">) </P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF; border-bottom:1px solid #000000"><P style="margin:0px">&nbsp;</P>
</TD><TD width=10% valign=top style="background-color:#E6EFFF; border-bottom:1px solid #000000"><P style="margin:0px" align=right>(1,128</P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF; border-bottom:1px solid #000000"><P style="margin:0px"align="left">) </P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% style="background-color:#FFFFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=10% style="background-color:#FFFFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3% style="background-color:#FFFFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% style="background-color:#FFFFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=10% style="background-color:#FFFFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3% style="background-color:#FFFFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% style="background-color:#FFFFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=10% style="background-color:#FFFFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3% style="background-color:#FFFFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% style="background-color:#FFFFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=10% style="background-color:#FFFFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3% style="background-color:#FFFFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% style="background-color:#FFFFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=10% style="background-color:#FFFFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% style="background-color:#FFFFFF"><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Balance, June 30, 2007 </P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF; border-bottom:3px double #000000"><P style="margin:0px">&nbsp;</P>
</TD><TD width=10% valign=top style="background-color:#E6EFFF; border-bottom:3px double #000000"><P style="margin:0px" align=right>5,420,000 </P>
</TD><TD width=3% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF; border-bottom:3px double #000000"><P style="margin:0px"align="right">$</P>
</TD><TD width=10% valign=top style="background-color:#E6EFFF; border-bottom:3px double #000000"><P style="margin:0px" align=right>&nbsp;5,420 </P>
</TD><TD width=3% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF; border-bottom:3px double #000000"><P style="margin:0px" align="right">$</P>
</TD><TD width=10% valign=top style="background-color:#E6EFFF; border-bottom:3px double #000000"><P style="margin:0px" align=right>&nbsp;29,580 </P>
</TD><TD width=3% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF; border-bottom:3px double #000000"><P style="margin:0px" align="right">$</P>
</TD><TD width=10% valign=top style="background-color:#E6EFFF; border-bottom:3px double #000000"><P style="margin:0px" align=right>&nbsp;(1,128</P>
</TD><TD width=3% valign=top style="background-color:#E6EFFF"><P style="margin:0px"align="left">) </P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF; border-bottom:3px double #000000"><P style="margin:0px" align="right">$</P>
</TD><TD width=10% valign=top style="background-color:#E6EFFF; border-bottom:3px double #000000"><P style="margin:0px" align=right>&nbsp;33,872 </P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF; border-bottom:3px double #000000"><P style="margin:0px">&nbsp;</P>
</TD></TR>
</TABLE>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center>The accompanying notes are an integral part of these financial statements. <BR>
Page 4 of 11 </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always"><BR></P>
<P style="margin:0px"><BR></P>
<A NAME="page_JF-5"></A><P style="margin:0px"><BR></P>
<TABLE cellspacing=0 style="font-size:10pt" width="100%">
  <TR height=0 style="font-size:0"><TD></TD>
  <TD width=2%></TD>
  <TD width=15%></TD>
  <TD width=3%></TD>
  <TD width=2%></TD>
  <TD width=15%></TD>
  <TD width=2%></TD>
  </TR>
<TR><TD valign=bottom colspan=7><P style="margin:0px" align=center><B>Lincoln Mining, Inc.</B> </P>
</TD></TR>
<TR><TD valign=top colspan=7><P style="margin:0px" align=center><B>(An Exploration Stage Company)</B> </P>
</TD></TR>
<TR><TD style="border-bottom:1px solid #000000" valign=bottom colspan=7><P style="margin:0px" align=center>Statements of Cash Flows </P>
</TD></TR>
<TR><TD valign=top><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=3% valign=top><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD width=15% valign=top><P align=center style="margin:0px"><strong>Accumulated from </strong></P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=3% valign=top><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD width=15% valign=top><P align=center style="margin:0px"><strong>February 20, 2007 </strong></P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top><P style="margin:0px" align=center>For the period </P>
</TD><TD width=3% valign=top><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD width=15% valign=top><P align=center style="margin:0px"><strong>(inception) through </strong></P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top><P style="margin:0px" align=center>ended June 30, </P>
</TD><TD width=3% valign=top><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD width=15% valign=top><P align=center style="margin:0px"><strong>June 30, </strong></P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% valign=top style="border-bottom:1px solid #000000"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top style="border-bottom:1px solid #000000"><P style="margin:0px" align=center>2007 </P>
</TD><TD width=3% valign=top><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD width=2% valign=top style="border-bottom:1px solid #000000"><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD width=15% valign=top style="border-bottom:1px solid #000000"><P align=center style="margin:0px"><strong>2007 </strong></P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top><P style="margin:0px"><U>Cash flows from operating activities</U> </P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top style="background-color:#E6EFFF"><P style="margin:0px"><strong>&nbsp;&nbsp;</strong></P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2%><P style="margin:0px">&nbsp;</P>
</TD><TD width=15%><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3%><P style="margin:0px">&nbsp;</P>
</TD><TD width=2%><P style="margin:0px">&nbsp;</P>
</TD><TD width=15%><P style="margin:0px"><strong>&nbsp;&nbsp;</strong></P>
</TD><TD width=2%><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net loss </P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF"><P style="margin:0px" align="right">$</P>
</TD><TD width=15% valign=top style="background-color:#E6EFFF"><P style="margin:0px" align=right>&nbsp;(1,128</P>
</TD><TD width=3% valign=top style="background-color:#E6EFFF"><P style="margin:0px"align="left">) </P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF"><P style="margin:0px" align="right">$</P>
</TD><TD width=15% valign=top style="background-color:#E6EFFF"><P align=right style="margin:0px"><strong>&nbsp;(1,128</strong></P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF"><P style="margin:0px"align="left">) </P>
</TD></TR>
<TR><TD><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2%><P style="margin:0px">&nbsp;</P>
</TD><TD width=15%><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3%><P style="margin:0px">&nbsp;</P>
</TD><TD width=2%><P style="margin:0px">&nbsp;</P>
</TD><TD width=15%><P style="margin:0px"><strong>&nbsp;&nbsp;</strong></P>
</TD><TD width=2%><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Changes in operating assets and liabilities: </P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top style="background-color:#E6EFFF"><P style="margin:0px"><strong>&nbsp;&nbsp;</strong></P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Increase in related party payable </P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top><P style="margin:0px" align=right>100 </P>
</TD><TD width=3% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top><P align=right style="margin:0px"><strong>100 </strong></P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Increase) decrease in prepaid </P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF; border-bottom:1px solid #000000"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top style="background-color:#E6EFFF; border-bottom:1px solid #000000"><P style="margin:0px" align=right>(251</P>
</TD><TD width=3% valign=top style="background-color:#E6EFFF"><P style="margin:0px"align="left">) </P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF; border-bottom:1px solid #000000"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top style="background-color:#E6EFFF; border-bottom:1px solid #000000"><P align=right style="margin:0px"><strong>(251</strong></P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF"><P style="margin:0px"align="left">) </P>
</TD></TR>
<TR><TD valign=top><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash used in operating activities </P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top><P style="margin:0px" align=right>(1,279</P>
</TD><TD width=3% valign=top><P style="margin:0px"align="left">) </P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top><P align=right style="margin:0px"><strong>(1,279</strong></P>
</TD><TD width=2% valign=top><P style="margin:0px"align="left">) </P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% style="background-color:#E6EFFF"><P style="margin:0px"><strong>&nbsp;&nbsp;</strong></P>
</TD><TD width=2% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0px">Cash flows from investing activities </P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top><P style="margin:0px"><strong>&nbsp;&nbsp;</strong></P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Increase) decrease in mining interest </P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF; border-bottom:1px solid #000000"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top style="background-color:#E6EFFF; border-bottom:1px solid #000000"><P style="margin:0px" align=right>(10,000</P>
</TD><TD width=3% valign=top style="background-color:#E6EFFF"><P style="margin:0px"align="left">) </P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF; border-bottom:1px solid #000000"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top style="background-color:#E6EFFF; border-bottom:1px solid #000000"><P align=right style="margin:0px"><strong>(10,000</strong></P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF"><P style="margin:0px"align="left">) </P>
</TD></TR>
<TR><TD valign=top><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash used in investing activities </P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top><P style="margin:0px" align=right>(10,000</P>
</TD><TD width=3% valign=top><P style="margin:0px"align="left">) </P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top><P align=right style="margin:0px"><strong>(10,000</strong></P>
</TD><TD width=2% valign=top><P style="margin:0px"align="left">) </P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% style="background-color:#E6EFFF"><P style="margin:0px"><strong>&nbsp;&nbsp;</strong></P>
</TD><TD width=2% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0px">Cash flows from financing activities </P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top><P style="margin:0px"><strong>&nbsp;&nbsp;</strong></P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proceeds from issuance of common stock </P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF; border-bottom:1px solid #000000"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top style="background-color:#E6EFFF; border-bottom:1px solid #000000"><P style="margin:0px" align=right>35,000 </P>
</TD><TD width=3% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF; border-bottom:1px solid #000000"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top style="background-color:#E6EFFF; border-bottom:1px solid #000000"><P align=right style="margin:0px"><strong>35,000 </strong></P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash provided by financing activities </P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top><P style="margin:0px" align=right>35,000 </P>
</TD><TD width=3% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top><P align=right style="margin:0px"><strong>35,000 </strong></P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% style="background-color:#E6EFFF"><P style="margin:0px"><strong>&nbsp;&nbsp;</strong></P>
</TD><TD width=2% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0px">Increase in cash and cash equivalents </P>
</TD><TD width=2% valign=top style="border-bottom:1px solid #000000"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top style="border-bottom:1px solid #000000"><P style="margin:0px" align=right>23,721 </P>
</TD><TD width=3% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% valign=top style="border-bottom:1px solid #000000"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top style="border-bottom:1px solid #000000"><P align=right style="margin:0px"><strong>23,721 </strong></P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% style="background-color:#E6EFFF"><P style="margin:0px"><strong>&nbsp;&nbsp;</strong></P>
</TD><TD width=2% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0px">Cash and cash equivalents, beginning of year </P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top><P style="margin:0px" align=right>- </P>
</TD><TD width=3% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top><P align=right style="margin:0px"><strong>- </strong></P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% style="background-color:#E6EFFF"><P style="margin:0px"><strong>&nbsp;&nbsp;</strong></P>
</TD><TD width=2% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0px">Cash and cash equivalents, end of year </P>
</TD><TD width=2% valign=top style="border-bottom:3px double #000000"><P style="margin:0px" align="right">$</P>
</TD><TD width=15% valign=top style="border-bottom:3px double #000000"><P style="margin:0px" align=right>&nbsp;23,721 </P>
</TD><TD width=3% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% valign=top style="border-bottom:3px double #000000"><P style="margin:0px" align="right">$</P>
</TD><TD width=15% valign=top style="border-bottom:3px double #000000"><P align=right style="margin:0px"><strong>&nbsp;23,721 </strong></P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% style="background-color:#E6EFFF"><P style="margin:0px"><strong>&nbsp;&nbsp;</strong></P>
</TD><TD width=2% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2%><P style="margin:0px">&nbsp;</P>
</TD><TD width=15%><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3%><P style="margin:0px">&nbsp;</P>
</TD><TD width=2%><P style="margin:0px">&nbsp;</P>
</TD><TD width=15%><P style="margin:0px"><strong>&nbsp;&nbsp;</strong></P>
</TD><TD width=2%><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top><P style="margin:0px"><U>Supplement Disclosures:</U> </P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=3% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top style="background-color:#E6EFFF"><P style="margin:0px"><strong>&nbsp;&nbsp;</strong></P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0px">Cash paid for interest </P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top><P style="margin:0px" align=right>- </P>
</TD><TD width=3% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top><P align=right style="margin:0px"><strong>- </strong></P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top><P style="margin:0px">Cash paid for income tax </P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top style="background-color:#E6EFFF"><P style="margin:0px" align=right>- </P>
</TD><TD width=3% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top style="background-color:#E6EFFF"><P align=right style="margin:0px"><strong>- </strong></P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD></TR>
</TABLE>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center>The accompanying notes are an integral part of these financial statements. <BR>
Page 5 of 11 </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
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<P style="margin:0px"><BR></P>
<A NAME="page_JF-6"></A><P style="margin:0px" align=center><B>Lincoln Mining, Inc. <BR>
(An Exploration Stage Company) <BR>
</B>Notes to the Financial Statements </P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px"><B>Note 1 &#150; Nature and Continuance of Operations </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company was incorporated in the State of Nevada on February 20, 2007. The Company is an Exploration Stage Company as defined by the Statement of Financial Accounting Standard (&#147;SFAS) No.7. The Company has acquired a mineral property located in Elko County, within the state of Nevada and has not yet determined whether this property contains reserves that are economically recoverable. The recoverability of property expenditures will be dependent upon the discovery of economically recoverable reserves, confirmation of the company&#146;s interest in the underlying property, and the ability of the Company to obtain necessary financing to satisfy the expenditure requirements under the property agreement and upon future profitable production of proceeds for sale thereof. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Note 2 - Significant Accounting Policies </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following is a summary of significant account policies used in the preparation of these financial statements. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>a.</B> <B>Basis of presentation </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America applicable to exploration stage enterprises, and are expressed in U.S. dollars. The Company&#146;s fiscal year end is December 31. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>b.</B> <B>Cash and cash equivalents </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents include highly liquid investments with original maturities of three months or less. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>c.</B> <B>Mineral property costs </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company has been in the exploration stage since its formation on February 20, 2007 and has not yet realized any revenues from its planned operations. It is primarily engaged in the acquisition and exploration of mining properties. Mineral property acquisition and exploration costs are charged to operations as incurred. When it has been determined that a mineral property can be economically developed as a result of establishing proven and probable reserves, the costs incurred to develop such property, are capitalized. Such costs will be amortized using the units-of-production method over the estimated life of the probable reserve. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Although the Company has taken steps to verify title to mineral properties in which it has an interest, according to the usual industry standards for the stage of</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center>Page 6 of 11 </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
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<P style="margin:0px; page-break-before:always"><BR></P>
<P style="margin:0px"><BR></P>
<A NAME="page_JF-7"></A><P style="margin:0px" align=center><B>Lincoln Mining, Inc. <BR>
(An Exploration Stage Company) <BR>
</B>Notes to the Financial Statements </P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px"><B>Note 2 - Significant Accounting Policies (continues) </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">exploration of such properties, these procedures do not guarantee the Company&#146;s title. Such properties may be subject to prior agreements or transfers and title may be affected by undetected defects. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>d.</B> <B>Fair Value of Financial instruments</B> </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unless otherwise indicated, the fair values of all reported assets and liabilities which represent financial instruments (none of which are held for trading purposes) approximate the carrying values of such amounts. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>e.</B> <B>Environmental expenditures </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The operations of the Company have been, and may in the future, be affected from time to time, in varying degrees, by changes in environmental regulations, including those for future reclamation and site restoration costs. Both the likelihood of new regulations and their overall effect upon the Company vary greatly and are not predictable. The Company&#146;s policy is to meet or, if possible, surpass standards set by relevant legislation, by application of technically proven and economically feasible measures. </P>
<P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Environmental expenditures that relate to ongoing environmental and reclamation programs are charged against earnings as incurred or capitalized and amortized depending on their future economic benefits. Estimated future reclamation and site restoration costs, when the ultimate liability is reasonably determinable, are charged against earnings over the estimated remaining life of the related business operation, net of expected recoveries.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>f. Income taxes </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred income taxes are reported for timing differences between items of income or expense reported in the financial statements and those reported for income tax purposes in accordance with SFAS No. 109, <I>Accounting for Income Taxes, </I>which requires the use of asset/liability method of accounting for income taxes. Deferred income taxes and tax benefits are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, and for tax loss and credit carry-forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered are settled. The Company provides for deferred taxes for the estimated future tax effects attributable to temporary differences and carry-forwards when realization is more likely than not. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center>Page 7 of 11 </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
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<P style="margin:0px; page-break-before:always"><BR></P>
<P style="margin:0px"><BR></P>
<A NAME="page_JF-8"></A><P style="margin:0px" align=center><B>Lincoln Mining, Inc. <BR>
(An Exploration Stage Company) <BR>
</B>Notes to the Financial Statements </P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px"><B>Note 2 - Significant Accounting Policies (continues) </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>g.</B> <B>Basic and diluted net loss per share </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company computes net loss per share in accordance with SFAS No. 128, <I>Earnings per Share</I>. SFAS No. 128 requires presentation of both basic and diluted earnings per share (&#147;EPS&#148;) on the face of the income statement. Basic EPS is computed by dividing net loss available to common shareholders (numerators) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all potentially dilutive common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all potentially dilutive shares if their effect is anti-dilutive. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>h.</B> <B>Use of estimates and assumptions </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. In these financial statements, assets, liabilities and earnings involve extensive reliance on management&#146;s estimates. Actual results could differ from those estimates. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company&#146;s periodic filing with the Securities and Exchange Commission (&#147;SEC&#148;) include, where applicable, disclosures of estimates, assumptions, uncertainties, and market that could affect the financial statements and future operations of the Company. </P>
<P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>i. Concentrations of credit risk</B> </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company&#146;s financial instruments that are exposed to concentrations of credit risk primarily consist of its cash and related party payables. The Company places its cash and cash equivalents with financial institutions of high credit worthiness. At times, its cash equivalents with a particular financial institution may exceed any applicable government insurance limits. The Company&#146;s management also routinely assesses the financial strength and credit worthiness of any parties to which it extends funds and as such, it believes that any associated credit risk exposures are limited. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>j. Risks and uncertainties </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company operates in the resource exploration industry that is subject to significant risks and uncertainties, including financial, operational, and other risks associated with operating a resource exploration business, including the potential risk of business failure.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center>Page 8 of 11 </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
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<P style="margin:0px; page-break-before:always"><BR></P>
<P style="margin:0px"><BR></P>
<A NAME="page_JF-9"></A><P style="margin:0px" align=center><B>Lincoln Mining, Inc. <BR>
(An Exploration Stage Company) <BR>
</B>Notes to the Financial Statements </P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px"><B>Note 3 &#150;</B> <B>New Technical Pronouncements </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In February 2007, the FASB issued SFAS No. 159, THE FAIR VALUE OPTION FOR FINANCIAL ASSETS AND FINANCIAL LIABILITIES &#150; INCLUDING AN AMENDMENT OF FASB STATEMENT NO. 115. This statements objective is to improve financial reporting by providing the Company with the opportunity to mitigate volatility in reported earnings caused by measuring related assets and liabilities differently without having to apply complex hedge accounting provisions. This statement is expected to expand the use of fair value measurement, which is consistent with the FASB&#146;s long-term measurement objective for accounting for financial instruments. The adoption of SFAS 159 did not have an impact on the Company&#146;s financial statements.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Note 4 - Mineral Property </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to a mineral property purchase agreements dated May 24, 2007, the Company acquired a 100% undivided right, title and interest in a mineral claim, located in Section 8 of T35N, R36E Mount Diablo Base Meridian in the Elko County, within the state of Nevada for a cash payment of $10,000. Since the Company has not established the commercial feasibility of the mineral claim, the acquisition costs have been capitalized. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Note 5 &#150; Related Party Payable</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The president, John Pulos, advanced the Company $100 dollars to open the Company&#146;s bank account. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Note 6 - Capital Stock </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Authorized </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The total authorized capital is 75,000,000 common shares with a par value of $0.001 per common share. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Issued and outstanding </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company issued 5,420,000 common stocks for cash at a range of $ 0.01 - $0.05 per share.<B> </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Note 7 - Income Taxes </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company has losses carried forward for income tax purposes to December 31, 2007. There are no current or deferred tax expenses for the period ended December 31, 2007 due to the Company&#146;s loss position. The Company has fully reserved for any</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center>Page 9 of 11 </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
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<P style="margin:0px; page-break-before:always"><BR></P>
<P style="margin:0px"><BR></P>
<A NAME="page_JF-10"></A><P style="margin:0px" align=center><B>Lincoln Mining, Inc. <BR>
(An Exploration Stage Company) <BR>
</B>Notes to the Financial Statements </P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px"><B>Note 7 - Income Taxes (continues) </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">benefits of these losses. The deferred tax consequences of temporary differences in reporting items for financial statements and income tax purposes are recognized, as appropriate. Realization of the future tax benefits related to the deferred tax assets is dependent on many factors, including the Company&#146;s ability to generate taxable income within the net operating loss carry-forward period. Management has considered these factors in reaching its conclusion as to the valuation allowance for financial reporting purposes. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The provision for refundable federal income tax consists of the following: </P>
<P style="margin:0px"><BR></P>
<TABLE cellspacing=0 style="font-size:10pt" width="100%">
  <TR height=0 style="font-size:0"><TD width=5%></TD>
  <TD></TD>
  <TD width=2%></TD>
  <TD width=15%></TD>
  <TD width=2%></TD>
  </TR>
<TR><TD width=5% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD valign=top><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% rowspan="3" valign=top><P style="margin:0px">For the period from the </P>    <P style="margin:0px">inception on February 20, 2007 to June 30,2007 </P>  </TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD width=5% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD valign=top><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD width=5% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD valign=top><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD width=5% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD valign=top><P style="margin:0px">Deferred tax asset attributable to </P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD width=5% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Current operations </P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top style="background-color:#E6EFFF"><P style="margin:0px" align=right>(384</P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF"><P style="margin:0px"align="left">) </P>
</TD></TR>
<TR><TD width=5% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD valign=top><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Less: Change in valuation allowance </P>
</TD><TD width=2% valign=top style="border-bottom:1px solid #000000"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top style="border-bottom:1px solid #000000"><P style="margin:0px" align=right>384 </P>
</TD><TD width=2% valign=top style="border-bottom:1px solid #000000"><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD width=5% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net refundable amount </P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF; border-bottom:3px double #000000"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top style="background-color:#E6EFFF; border-bottom:3px double #000000"><P style="margin:0px" align=right>- </P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF; border-bottom:3px double #000000"><P style="margin:0px">&nbsp;</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The composition of the Company&#146;s deferred tax assets as at December 31, 2007 is as follows: </P>
<P style="margin:0px"><BR></P>
<TABLE cellspacing=0 style="font-size:10pt" width="100%">
  <TR height=0 style="font-size:0"><TD width=5%></TD>
  <TD></TD>
  <TD width=2%></TD>
  <TD width=15%></TD>
  <TD width=2%></TD>
  </TR>
<TR><TD width=5% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD valign=top><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% rowspan="3" valign=top><P style="margin:0px">For the period from the </P>  <P style="margin:0px">inception on February 20, </P>  <P style="margin:0px">2007 to June 30, 2007 </P></TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD width=5% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD valign=top><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD width=5% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD valign=top><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD width=5%><P style="margin:0px">&nbsp;</P>
</TD><TD><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2%><P style="margin:0px">&nbsp;</P>
</TD><TD width=15%><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2%><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD width=5%><P style="margin:0px">&nbsp;</P>
</TD><TD><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2%><P style="margin:0px">&nbsp;</P>
</TD><TD width=15%><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2%><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD width=5% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top><P style="margin:0px">Net operating loss carry forward </P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top style="background-color:#E6EFFF"><P style="margin:0px" align=right>(1,128</P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF"><P style="margin:0px"align="left">) </P>
</TD></TR>
<TR><TD width=5%><P style="margin:0px">&nbsp;</P>
</TD><TD><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2%><P style="margin:0px">&nbsp;</P>
</TD><TD width=15%><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2%><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD width=5% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top><P style="margin:0px">Statutory federal income tax rate </P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top style="background-color:#E6EFFF"><P style="margin:0px" align=right>34% </P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD width=5% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD valign=top><P style="margin:0px">Effective income tax rate </P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top><P style="margin:0px" align=right>0% </P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD width=5%><P style="margin:0px">&nbsp;</P>
</TD><TD style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD width=5% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD valign=top><P style="margin:0px">Deferred tax asset </P>
</TD><TD width=2% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top><P style="margin:0px" align=right>(384</P>
</TD><TD width=2% valign=top><P style="margin:0px"align="left">) </P>
</TD></TR>
<TR><TD width=5% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top><P style="margin:0px">Less: Valuation allowance </P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF; border-bottom:1px solid #000000"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top style="background-color:#E6EFFF; border-bottom:1px solid #000000"><P style="margin:0px" align=right>384 </P>
</TD><TD width=2% valign=top style="background-color:#E6EFFF; border-bottom:1px solid #000000"><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD width=5%><P style="margin:0px">&nbsp;</P>
</TD><TD><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2%><P style="margin:0px">&nbsp;</P>
</TD><TD width=15%><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2%><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD width=5%><P style="margin:0px">&nbsp;</P>
</TD><TD style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=2% style="background-color:#E6EFFF"><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD width=5% valign=top><P style="margin:0px">&nbsp;</P>
</TD><TD valign=top><P style="margin:0px">Net deferred tax asset </P>
</TD><TD width=2% valign=top style="border-bottom:3px double #000000"><P style="margin:0px">&nbsp;</P>
</TD><TD width=15% valign=top style="border-bottom:3px double #000000"><P style="margin:0px" align=right>- </P>
</TD><TD width=2% valign=top style="border-bottom:3px double #000000"><P style="margin:0px">&nbsp;</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The potential income tax benefit of these losses has been offset by a full valuation allowance. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center>Page 10 of 11 </P>
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<A NAME="page_JF-11"></A><P style="margin:0px" align=center><B>Lincoln Mining, Inc. <BR>
(An Exploration Stage Company) <BR>
</B>Notes to the Financial Statements </P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px"><B>Note 7 - Income Taxes (continues) </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As at December 31, 2007, the Company has an unused net operating loss carry-forward balance of approximately $1,128 that is available to offset future taxable income. This unused net operating loss carry-forward balance expires in 2027. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Note 8 &#150; Going Concern </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;These financial statements have been prepared on a going concern basis. The Company has incurred losses since inception resulting in an accumulated deficit of $1,128 and further losses are anticipated in the development of its business. This raises substantial doubt about the Company&#146;s ability to continue as a going concern. Its ability to continue as a going concern is dependent upon the ability of the Company to generate profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management has plans to seek additional capital through a private placement and public offering of its common stock. These financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts of and classification of liabilities that might be necessary in the event the Company cannot continue in existence. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The ability of the Company to emerge from the exploration stage is dependent upon, among other things, obtaining additional financing to continue operations, explore and develop the mineral properties and the discovery, development, and sale of ore reserves. </P>
<P style="margin:0px">&nbsp;</P>
<P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In response to these problems, management has planned the following actions: </P>
<P style="margin:0px">&nbsp;</P>
<table width="100%"  border="0" style="font-size:10pt">
  <tr valign="top">
    <td width="10%" align="center"><P style="margin-top:0px; margin-bottom:-16px; padding-left:48px; text-indent:-24px; font-family:Symbol" align=center>&#183;</P></td>
    <td>The Company intends to apply for a SB-2 Registration Statement. </td>
  </tr>
  <tr valign="top">
    <td width="10%" align="center"><P style="margin-top:0px; margin-bottom:-16px; padding-left:48px; text-indent:-24px; font-family:Symbol" align=center>&#183;</P></td>
    <td>Management intends to raise additional funds through public or private placement offerings. </td>
  </tr>
</table>
<P style="margin:0px">&nbsp;</P>
<P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;These factors, among others raise substantial doubt about the Company&#146;s ability to continue as a going concern. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty. <BR>
</P>
<P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="margin:0px">&nbsp;</P>
<P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center>Page 11 of 11 </P>
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<P style="margin-top:0px; margin-bottom:12.2px; page-break-before:always"><BR></P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
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<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="line-height:22pt; margin:0px; font-size:20pt"><B>Lincoln Mining Inc.</B></P>
<P style="line-height:22pt; margin:0px; font-size:20pt"><B>(An Exploration Stage Company)</B></P>
<P style="margin:0px"><BR></P>
<P style="line-height:13pt; margin:0px; font-size:11pt">Financial Statements</P>
<P style="line-height:13pt; margin:0px; font-size:11pt">December 31, 2007</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin-top:0px; margin-bottom:12.2px; page-break-before:always"><BR></P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<P style="margin:0px"><BR></P>
<TABLE align=center cellspacing=0 style="font-size:10pt" width="100%">
  <TR height=0 style="font-size:0"><TD></TD>
  <TD></TD>
  <TD></TD>
  <TD></TD>
  <TD width=2%><div align="right"></div></TD><TD width=15%></TD>
  <TD width=4%><div align="right"></div></TD><TD width=15%></TD>
  </TR>
<TR><TD valign=bottom colspan=8><P style="margin:0px" align=justify><B>Lincoln Mining, Inc.</B></P>
</TD></TR>
<TR><TD valign=bottom colspan=8><P style="margin:0px" align=justify><B>(An Exploration Stage Company)</B></P>
</TD></TR>
<TR><TD valign=bottom colspan=8><P style="margin:0px" align=justify>Balance Sheets</P>
</TD></TR>
<TR><TD style="border-bottom:1.333px solid #000000" valign=top colspan=8><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom colspan=8><P style="margin:0px" align=justify><U>ASSETS</U></P>
</TD></TR>
<TR><TD valign=bottom colspan=4><P>&nbsp;</P></TD><TD width=2% valign=bottom><P align="right">&nbsp;</P></TD><TD width=15% valign=bottom><P style="margin:0px" align=center>December 31,</P>
</TD><TD width=4% valign=bottom><P align="right">&nbsp;</P></TD><TD width=15% valign=bottom><P style="margin:0px" align=center>June 30,</P>
</TD></TR>
<TR><TD valign=bottom colspan=4><P>&nbsp;</P></TD><TD width=2% valign=bottom><P align="right">&nbsp;</P></TD><TD width=15% valign=bottom style="border-bottom:1px solid #000000"><P style="margin:0px; padding-right:-7.2px" align=center>2007</P>
<P style="margin:0px; padding-right:-7.2px" align=center>(Unaudited)</P>
</TD><TD width=4% valign=bottom><P align="right">&nbsp;</P></TD><TD width=15% valign=top style="border-bottom:1px solid #000000"><P style="margin:0px" align=center>2007</P>
</TD></TR>
<TR bgcolor="#E6EFFF"><TD colspan=4 valign=bottom><P style="margin:0px" align=justify><U>Current</U></P>
</TD><TD width=2% valign=bottom><P align="right">&nbsp;</P></TD><TD width=15% valign=bottom><P>&nbsp;</P></TD><TD width=4% valign=bottom><P align="right">&nbsp;</P></TD><TD width=15% valign=bottom><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom colspan=2><P>&nbsp;</P></TD><TD valign=bottom colspan=2><P style="margin:0px" align=justify>Cash and cash equivalents</P>
</TD><TD width=2% valign=bottom><P style="margin:0px" align=right>$</P>
</TD><TD width=15% valign=bottom><P style="margin:0px" align=right>18,040</P>
</TD><TD width=4% valign=bottom><P style="margin:0px" align=right>$</P>
</TD><TD width=15% valign=bottom><P style="margin:0px" align=right>23,721</P>
</TD></TR>
<TR bgcolor="#E6EFFF"><TD colspan=2 valign=bottom><P>&nbsp;</P></TD><TD colspan=2 valign=bottom><P style="margin:0px" align=justify>Prepaid</P>
</TD><TD width=2% valign=bottom><P align="right">&nbsp;</P></TD><TD width=15% valign=bottom><P style="margin:0px" align=right>-</P>
</TD><TD width=4% valign=bottom><P align="right">&nbsp;</P></TD><TD width=15% valign=bottom><P style="margin:0px" align=right>251</P>
</TD></TR>
<TR><TD valign=bottom colspan=2><P>&nbsp;</P></TD><TD valign=bottom colspan=2><P style="margin:0px" align=justify>Total current assets</P>
</TD><TD width=2% valign=bottom><P align="right">&nbsp;</P></TD><TD width=15% valign=bottom style="border-top:1px solid #000000"><P style="margin:0px" align=right>18,040</P>
</TD><TD width=4% valign=bottom><P align="right">&nbsp;</P></TD><TD width=15% valign=bottom style="border-top:1px solid #000000"><P style="margin:0px" align=right>23,972</P>
</TD></TR>
<TR bgcolor="#E6EFFF"><TD colspan=2 valign=bottom><P>&nbsp;</P></TD><TD valign=bottom><P>&nbsp;</P></TD><TD valign=bottom><P>&nbsp;</P></TD><TD width=2% valign=bottom><P align="right">&nbsp;</P></TD><TD colspan=3 valign=bottom><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom colspan=4><P style="margin:0px" align=justify><U>Property and Equipment</U></P>
</TD><TD width=2% valign=bottom><P align="right">&nbsp;</P></TD><TD valign=bottom colspan=3><P>&nbsp;</P></TD></TR>
<TR bgcolor="#E6EFFF"><TD valign=bottom><P>&nbsp;</P></TD><TD colspan=3 valign=bottom><P style="margin:0px; padding-left:4.8px" align=justify>&nbsp;Mining interests</P>
</TD><TD width=2% valign=bottom><P align="right">&nbsp;</P></TD><TD width=15% valign=bottom style="border-bottom:1px solid #000000"><P style="margin:0px" align=right>10,000</P>
</TD><TD width=4% valign=bottom><P align="right">&nbsp;</P></TD><TD width=15% valign=bottom style="border-bottom:1px solid #000000"><P style="margin:0px" align=right>10,000</P>
</TD></TR>
<TR><TD valign=bottom><P>&nbsp;</P></TD><TD valign=bottom colspan=3><P style="margin:0px" align=justify>&nbsp;&nbsp;Total property and equipment</P>
</TD><TD width=2% valign=bottom><P align="right">&nbsp;</P></TD><TD width=15% valign=bottom><P style="margin:0px" align=right>10,000</P>
</TD><TD width=4% valign=bottom><P align="right">&nbsp;</P></TD><TD width=15% valign=bottom><P style="margin:0px" align=right>10,000</P>
</TD></TR>
<TR bgcolor="#E6EFFF"><TD colspan=4 valign=bottom><P>&nbsp;</P></TD><TD width=2% valign=bottom><P align="right">&nbsp;</P></TD><TD colspan=3 valign=bottom><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom colspan=4><P style="margin:0px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets</P>
</TD><TD width=2% valign=bottom><P align="right">&nbsp;</P></TD><TD width=15% valign=bottom style="border-bottom:3px double #000000"><P style="margin:0px" align=right>28,040</P>
</TD><TD width=4% valign=bottom><P align="right">&nbsp;</P></TD><TD width=15% valign=bottom style="border-bottom:3px double #000000"><P style="margin:0px" align=right>33,972</P>
</TD></TR>
<TR bgcolor="#E6EFFF"><TD colspan=4 valign=bottom><P>&nbsp;</P></TD><TD width=2% valign=bottom><P align="right">&nbsp;</P></TD><TD colspan=3 valign=bottom><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom colspan=8><P style="margin:0px"><U>LIABILITIES AND STOCKHOLDERS&#146; EQUITY</U></P>
</TD></TR>
<TR bgcolor="#E6EFFF"><TD colspan=4 valign=bottom><P style="margin:0px" align=justify><U>Current </U></P>
</TD><TD width=2% valign=bottom><P align="right">&nbsp;</P></TD><TD colspan=3 valign=bottom><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom colspan=2><P>&nbsp;</P></TD><TD valign=bottom colspan=2><P style="margin:0px" align=justify>Accrued Expense</P>
</TD><TD width=2% valign=bottom><P style="margin:0px" align=right>$</P>
</TD><TD width=15% valign=bottom><P style="margin:0px" align=right>3,201</P>
</TD><TD width=4% valign=bottom><P align="right">&nbsp;</P></TD><TD width=15% valign=bottom><P style="margin:0px" align=right>-</P>
</TD></TR>
<TR bgcolor="#E6EFFF"><TD colspan=2 valign=bottom><P>&nbsp;</P></TD><TD colspan=2 valign=bottom><P style="margin:0px" align=justify>Related party payable</P>
</TD><TD width=2% valign=bottom><P align="right">&nbsp;</P></TD><TD width=15% valign=bottom style="border-bottom:1px solid #000000"><P style="margin:0px" align=right>100</P>
</TD><TD width=4% valign=bottom><P align="right">&nbsp;</P></TD><TD width=15% valign=bottom style="border-bottom:1px solid #000000"><P style="margin:0px" align=right>100</P>
</TD></TR>
<TR><TD valign=bottom colspan=2><P>&nbsp;</P></TD><TD valign=bottom><P>&nbsp;</P></TD><TD valign=bottom><P>&nbsp;</P></TD><TD width=2% valign=bottom><P align="right">&nbsp;</P></TD><TD valign=bottom colspan=3><P>&nbsp;</P></TD></TR>
<TR bgcolor="#E6EFFF"><TD colspan=2 valign=bottom><P>&nbsp;</P></TD><TD colspan=2 valign=bottom><P style="margin:0px" align=justify>Total current </P>
</TD><TD width=2% valign=bottom><P align="right">&nbsp;</P></TD><TD width=15% valign=bottom style="border-bottom:1px solid #000000"><P style="margin:0px" align=right>3,301</P>
</TD><TD width=4% valign=bottom><P align="right">&nbsp;</P></TD><TD width=15% valign=bottom style="border-bottom:1px solid #000000"><P style="margin:0px" align=right>100</P>
</TD></TR>
<TR><TD valign=bottom colspan=2><P>&nbsp;</P></TD><TD valign=bottom><P>&nbsp;</P></TD><TD valign=bottom><P>&nbsp;</P></TD><TD width=2% valign=bottom><P align="right">&nbsp;</P></TD><TD valign=bottom colspan=3><P>&nbsp;</P></TD></TR>
<TR bgcolor="#E6EFFF"><TD colspan=2 valign=bottom><P>&nbsp;</P></TD><TD colspan=2 valign=bottom><P style="margin:0px" align=justify>&nbsp;Total liabilities</P>
</TD><TD width=2% valign=bottom><P align="right">&nbsp;</P></TD><TD width=15% valign=bottom style="border-bottom:1px solid #000000"><P style="margin:0px" align=right>3,301</P>
</TD><TD width=4% valign=bottom><P align="right">&nbsp;</P></TD><TD width=15% valign=bottom style="border-bottom:1px solid #000000"><P style="margin:0px" align=right>100</P>
</TD></TR>
<TR><TD valign=bottom colspan=2><P>&nbsp;</P></TD><TD valign=bottom><P>&nbsp;</P></TD><TD valign=bottom><P>&nbsp;</P></TD><TD width=2% valign=bottom><P align="right">&nbsp;</P></TD><TD valign=bottom colspan=3><P>&nbsp;</P></TD></TR>
<TR bgcolor="#E6EFFF"><TD colspan=4 valign=bottom><P style="margin:0px" align=justify>Commitments and contingencies</P>
</TD><TD width=2% valign=bottom><P align="right">&nbsp;</P></TD><TD width=15% valign=bottom><P style="margin:0px" align=right>-</P>
</TD><TD width=4% valign=bottom><P align="right">&nbsp;</P></TD><TD width=15% valign=bottom><P style="margin:0px" align=right>-</P>
</TD></TR>
<TR><TD valign=bottom colspan=2><P>&nbsp;</P></TD><TD valign=bottom><P>&nbsp;</P></TD><TD valign=bottom><P>&nbsp;</P></TD><TD width=2% valign=bottom><P align="right">&nbsp;</P></TD><TD valign=bottom colspan=3><P>&nbsp;</P></TD></TR>
<TR bgcolor="#E6EFFF"><TD colspan=4 valign=bottom><P style="margin:0px" align=justify><U>Stockholders' Equity</U></P>
</TD><TD width=2% valign=bottom><P align="right">&nbsp;</P></TD><TD colspan=3 valign=bottom><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom colspan=2><P>&nbsp;</P></TD><TD valign=bottom colspan=2><P style="margin:0px" align=justify>Capital stock, $.001 par value,</P>
</TD><TD width=2% valign=bottom><P align="right">&nbsp;</P></TD><TD valign=bottom colspan=3><P>&nbsp;</P></TD></TR>
<TR bgcolor="#E6EFFF"><TD colspan=2 valign=bottom><P>&nbsp;</P></TD><TD colspan=2 valign=bottom><P style="margin:0px" align=justify>75,000,000 shares authorized; </P>
</TD><TD width=2% valign=bottom><P align="right">&nbsp;</P></TD><TD colspan=3 valign=bottom><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom colspan=2><P>&nbsp;</P></TD><TD valign=bottom colspan=2><P style="margin:0px" align=justify>5,420,000 shares issued and outstanding, respectively</P>
</TD><TD width=2% valign=bottom><P align="right">&nbsp;</P></TD><TD width=15% valign=bottom><P style="margin:0px" align=right>5,420</P>
</TD><TD width=4% valign=bottom><P align="right">&nbsp;</P></TD><TD width=15% valign=bottom><P style="margin:0px" align=right>5,420</P>
</TD></TR>
<TR bgcolor="#E6EFFF"><TD colspan=2 valign=bottom><P>&nbsp;</P></TD><TD colspan=2 valign=bottom><P style="margin:0px" align=justify>Additional paid-in capital</P>
</TD><TD width=2% valign=bottom><P align="right">&nbsp;</P></TD><TD width=15% valign=bottom><P style="margin:0px" align=right>29,580</P>
</TD><TD width=4% valign=bottom><P align="right">&nbsp;</P></TD><TD width=15% valign=bottom><P style="margin:0px" align=right>29,580</P>
</TD></TR>
<TR><TD valign=bottom colspan=2><P>&nbsp;</P></TD><TD valign=bottom colspan=2><P style="margin:0px" align=justify>Deficit, accumulated during the exploration stage</P>
</TD><TD width=2% valign=bottom><P align="right">&nbsp;</P></TD><TD width=15% valign=bottom style="border-bottom:1.333px solid #000000"><P style="margin:0px" align=right>(10,261)</P>
</TD><TD width=4% valign=bottom><P align="right">&nbsp;</P></TD><TD width=15% valign=bottom style="border-bottom:1.333px solid #000000"><P style="margin:0px" align=right>(1,128)</P>
</TD></TR>
<TR bgcolor="#E6EFFF"><TD colspan=2 valign=bottom><P>&nbsp;</P></TD><TD valign=bottom><P>&nbsp;</P></TD><TD valign=bottom><P>&nbsp;</P></TD><TD width=2% valign=bottom><P align="right">&nbsp;</P></TD><TD colspan=3 valign=bottom><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom colspan=2><P>&nbsp;</P></TD><TD valign=bottom colspan=2><P style="margin:0px" align=justify>Total stockholders&#146; equity</P>
</TD><TD width=2% valign=bottom><P align="right">&nbsp;</P></TD><TD width=15% valign=bottom style="border-bottom:1px solid #000000"><P style="margin:0px" align=right>24,739</P>
</TD><TD width=4% valign=bottom><P align="right">&nbsp;</P></TD><TD width=15% valign=bottom style="border-bottom:1px solid #000000"><P style="margin:0px" align=right>33,872</P>
</TD></TR>
<TR bgcolor="#E6EFFF"><TD colspan=2 valign=bottom><P>&nbsp;</P></TD><TD colspan=2 valign=bottom><P style="margin:0px" align=justify>Total liabilities and stockholders&#146; equity</P>
</TD><TD width=2% valign=bottom><P style="margin:0px" align=right>$</P>
</TD><TD width=15% valign=bottom style="border-bottom:3px double #000000"><P style="margin:0px" align=right>28,040</P>
</TD><TD width=4% valign=bottom><P align="right">&nbsp;</P></TD><TD width=15% valign=bottom style="border-bottom:3px double #000000"><P style="margin:0px" align=right>33,972</P>
</TD></TR>
</TABLE>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center>Page 2 of 11</P>
<P style="margin:0px" align=justify><BR>
<BR></P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin-top:0px; margin-bottom:12.2px; page-break-before:always"><BR></P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<P style="margin:0px" align=justify><BR></P>
<TABLE align=center cellspacing=0 style="font-size:10pt" width="100%">
  <TR height=0 style="font-size:0"><TD></TD>
  <TD width=2%><div align="right"></div></TD><TD width=15%></TD>
  <TD width=4%><div align="right"></div></TD><TD width=15%></TD>
  <TD width=4%><div align="right"></div></TD><TD width=15%></TD>
  </TR>
<TR><TD valign=bottom colspan=7><P style="margin:0px" align=justify><B>Lincoln Mining, Inc.</B></P>
</TD></TR>
<TR><TD valign=bottom colspan=7><P style="margin:0px" align=justify><B>(An Exploration Stage Company)</B></P>
</TD></TR>
<TR><TD valign=bottom colspan=7><P style="margin:0px" align=justify>Statements of Operations</P>
</TD></TR>
<TR><TD style="border-bottom:1.333px solid #000000" valign=top colspan=7><P style="margin:0px" align=justify>(Unaudited)</P>
</TD></TR>
<TR><TD valign=top rowspan=2><P>&nbsp;</P></TD><TD width=2% rowspan=2 valign=top><P align="right">&nbsp;</P></TD><TD width=15% valign=bottom><P style="margin:0px" align=center>For the Three Months Ended</P>
</TD><TD width=4% rowspan=2 valign=top><P align="right">&nbsp;</P></TD><TD width=15% valign=bottom><P style="margin:0px" align=center>For the Six Months Ended</P>
</TD><TD width=4% rowspan=2 valign=top><P align="right">&nbsp;</P></TD><TD width="15%" valign=bottom><P style="margin:0px" align=center>Cumulative During the Exploration Stage February 20, 2007 &nbsp;(inception) to</P>
</TD></TR>
<TR><TD width=15% height="171" valign=bottom><P style="margin:0px" align=center>December 31,</P>
</TD><TD width=15% valign=bottom><P style="margin:0px" align=center>December 31,</P>
</TD><TD width="15%" valign=bottom><P style="margin:0px" align=center>December 31,</P>
</TD></TR>
<TR><TD valign=top><P>&nbsp;</P></TD><TD width=2% valign=top><P align="right">&nbsp;</P></TD><TD width=15% valign=top style="border-bottom:1.333px solid #000000"><P style="margin:0px" align=center>2007</P>
</TD><TD width=4% valign=top><P align="right">&nbsp;</P></TD><TD width=15% valign=top style="border-bottom:1.333px solid #000000"><P style="margin:0px" align=center>2007</P>
</TD><TD width=4% valign=top><P align="right">&nbsp;</P></TD><TD width="15%" valign=top style="border-bottom:1.333px solid #000000"><P style="margin:0px" align=center>2007</P>
</TD></TR>
<TR><TD valign=bottom><P style="margin:0px" align=justify><U>Revenue</U></P>
</TD><TD width=2% valign=top><P align="right">&nbsp;</P></TD><TD width=15% valign=top style="border-bottom:1px solid #000000"><P style="margin:0px" align=justify>-</P>
</TD><TD width=4% valign=top><P align="right">&nbsp;</P></TD><TD width=15% valign=top style="border-bottom:1px solid #000000"><P style="margin:0px" align=justify>-</P>
</TD><TD width=4% valign=top><P align="right">&nbsp;</P></TD><TD width="15%" valign=top style="border-bottom:1px solid #000000"><P style="margin:0px" align=justify>-</P>
</TD></TR>
<TR><TD valign=bottom><P>&nbsp;</P></TD><TD width=2% valign=top><P align="right">&nbsp;</P></TD><TD width=15% valign=top><P style="margin:0px" align=justify>-</P>
</TD><TD width=4% valign=top><P align="right">&nbsp;</P></TD><TD width=15% valign=top><P style="margin:0px" align=justify>-</P>
</TD><TD width=4% valign=top><P align="right">&nbsp;</P></TD><TD width="15%" valign=top><P style="margin:0px" align=justify>-</P>
</TD></TR>
<TR bgcolor="#E6EFFF"><TD valign=bottom><P>&nbsp;</P></TD><TD width=2% valign=top><P align="right">&nbsp;</P></TD><TD width=15% valign=top><P>&nbsp;</P></TD><TD width=4% valign=top><P align="right">&nbsp;</P></TD><TD width=15% valign=top><P>&nbsp;</P></TD><TD width=4% valign=top><P align="right">&nbsp;</P></TD><TD width="15%" valign=top><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom><P style="margin:0px" align=justify><U>Operating costs and expenses</U></P>
</TD><TD width=2% valign=bottom><P style="margin:0px" align=right>&nbsp;</P>
</TD><TD width=15% valign=bottom><P>&nbsp;</P></TD><TD width=4% valign=bottom><P style="margin:0px" align=right>&nbsp;</P>
</TD><TD width=15% valign=top><P>&nbsp;</P></TD><TD width=4% valign=bottom><P style="margin:0px" align=right>&nbsp;</P>
</TD><TD width="15%" valign=bottom><P>&nbsp;</P></TD></TR>
<TR bgcolor="#E6EFFF"><TD valign=bottom><P style="margin:0px" align=justify>&nbsp;&nbsp;&nbsp;Consulting</P>
</TD>
  <TD width=2% valign=bottom><p align="right">$</p></TD>
  <TD width=15% valign=bottom><P style="margin:0px" align=right>-</P></TD>
  <TD width=4% valign=bottom><p align="right">
$</p></TD>
  <TD width=15% valign=bottom><P style="margin:0px" align=right>550</P></TD>
  <TD width=4% valign=bottom><p align="right">$</p></TD>
  <TD width="15%" valign=bottom><P style="margin:0px" align=right>550</P></TD></TR>
<TR><TD valign=bottom><P style="margin:0px" align=justify>&nbsp;&nbsp;&nbsp;Legal and accounting</P>
</TD><TD width=2% valign=bottom><P align="right">&nbsp;</P></TD><TD width=15% valign=bottom><P style="margin:0px" align=right>316</P>
</TD><TD width=4% valign=bottom><P align="right">&nbsp;</P></TD><TD width=15% valign=bottom><P style="margin:0px" align=right>6,953</P>
</TD><TD width=4% valign=bottom><P align="right">&nbsp;</P></TD><TD width="15%" valign=bottom><P style="margin:0px" align=right>7,701</P>
</TD></TR>
<TR bgcolor="#E6EFFF"><TD valign=bottom><P style="margin:0px" align=justify>&nbsp;&nbsp;&nbsp;Operation and administration</P>
</TD><TD width=2% valign=bottom><P align="right">&nbsp;</P></TD><TD width=15% valign=bottom style="border-bottom:1.333px solid #000000"><P style="margin:0px" align=right>1,147</P>
</TD><TD width=4% valign=bottom><P align="right">&nbsp;</P></TD><TD width=15% valign=bottom style="border-bottom:1.333px solid #000000"><P style="margin:0px" align=right>1,630</P>
</TD><TD width=4% valign=bottom><P align="right">&nbsp;</P></TD><TD width="15%" valign=bottom style="border-bottom:1.333px solid #000000"><P style="margin:0px" align=right>2,010</P>
</TD></TR>
<TR><TD valign=bottom><P>&nbsp;</P></TD><TD width=2% valign=bottom><P align="right">&nbsp;</P></TD><TD width=15% valign=bottom><P>&nbsp;</P></TD><TD width=4% valign=bottom><P align="right">&nbsp;</P></TD><TD width=15% valign=bottom><P>&nbsp;</P></TD><TD width=4% valign=bottom><P align="right">&nbsp;</P></TD><TD width="15%" valign=bottom><P>&nbsp;</P></TD></TR>
<TR bgcolor="#E6EFFF"><TD valign=bottom><P style="margin:0px" align=justify>Total operating costs and expenses</P>
</TD><TD width=2% valign=bottom><P align="right">&nbsp;</P></TD><TD width=15% valign=bottom style="border-bottom:1.333px solid #000000"><P style="margin:0px" align=right>1,463 </P>
</TD><TD width=4% valign=bottom><P align="right">&nbsp;</P></TD><TD width=15% valign=bottom style="border-bottom:1.333px solid #000000"><P style="margin:0px" align=right>9,133</P>
</TD><TD width=4% valign=bottom><P align="right">&nbsp;</P></TD><TD width="15%" valign=bottom style="border-bottom:1.333px solid #000000"><P style="margin:0px" align=right>10,261</P>
</TD></TR>
<TR><TD valign=bottom><P>&nbsp;</P></TD><TD width=2% valign=bottom><P align="right">&nbsp;</P></TD><TD width=15% valign=bottom><P>&nbsp;</P></TD><TD width=4% valign=bottom><P align="right">&nbsp;</P></TD><TD width=15% valign=bottom><P>&nbsp;</P></TD><TD width=4% valign=bottom><P align="right">&nbsp;</P></TD><TD width="15%" valign=bottom><P>&nbsp;</P></TD></TR>
<TR bgcolor="#E6EFFF"><TD valign=bottom><P style="margin:0px" align=justify>Loss from operations and before income tax</P>
</TD><TD width=2% valign=bottom><P align="right">&nbsp;</P></TD><TD width=15% valign=bottom><P style="margin:0px" align=right>&nbsp;&nbsp;(1,463)</P>
</TD><TD width=4% valign=bottom><P align="right">&nbsp;</P></TD><TD width=15% valign=bottom><P style="margin:0px" align=right>&nbsp;&nbsp;(9,133)</P>
</TD><TD width=4% valign=bottom><P align="right">&nbsp;</P></TD><TD width="15%" valign=bottom><P style="margin:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10,261)</P>
</TD></TR>
<TR><TD valign=top><P style="margin:0px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD width=2% valign=bottom><P align="right">&nbsp;</P></TD><TD width=15% valign=bottom><P>&nbsp;</P></TD><TD width=4% valign=bottom><P align="right">&nbsp;</P></TD><TD width=15% valign=bottom><P>&nbsp;</P></TD><TD width=4% valign=bottom><P align="right">&nbsp;</P></TD><TD width="15%" valign=bottom><P>&nbsp;</P></TD></TR>
<TR bgcolor="#E6EFFF"><TD valign=bottom><P style="margin:0px" align=justify>Provision for income taxes</P>
</TD><TD width=2% valign=bottom><P align="right">&nbsp;</P></TD><TD width=15% valign=bottom><P style="margin:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- </P>
</TD><TD width=4% valign=bottom><P align="right">&nbsp;</P></TD><TD width=15% valign=bottom><P style="margin:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- </P>
</TD><TD width=4% valign=bottom><P align="right">&nbsp;</P></TD><TD width="15%" valign=bottom><P style="margin:0px" align=right>&nbsp;- </P>
</TD></TR>
<TR><TD valign=top><P>&nbsp;</P></TD><TD width=2% valign=bottom><P align="right">&nbsp;</P></TD><TD width=15% valign=bottom style="border-bottom:1.333px solid #000000"><P style="margin:0px" align=right>&nbsp;</P>
</TD><TD width=4% valign=bottom><P align="right">&nbsp;</P></TD><TD width=15% valign=bottom style="border-bottom:1.333px solid #000000"><P style="margin:0px" align=right>&nbsp;</P>
</TD><TD width=4% valign=bottom><P align="right">&nbsp;</P></TD><TD width="15%" valign=bottom style="border-bottom:1.333px solid #000000"><P style="margin:0px" align=right>&nbsp;</P>
</TD></TR>
<TR bgcolor="#E6EFFF"><TD valign=bottom><P style="margin:0px" align=justify>Net (loss)</P>
</TD><TD width=2% valign=bottom><P align="right">&nbsp;</P></TD><TD width=15% valign=bottom style="border-bottom:3px double #000000"><P style="margin:0px" align=right>&nbsp;&nbsp;(1,463)</P>
</TD><TD width=4% valign=bottom><P align="right">&nbsp;</P></TD><TD width=15% valign=bottom style="border-bottom:3px double #000000"><P style="margin:0px" align=right>&nbsp;&nbsp;(9,133)</P>
</TD><TD width=4% valign=bottom><P style="margin:0px" align=right>&nbsp;$ </P>
</TD><TD width="15%" valign=bottom style="border-bottom:3px double #000000"><P style="margin:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10,261)</P>
</TD></TR>
<TR><TD valign=top><P>&nbsp;</P></TD><TD width=2% valign=bottom><P align="right">&nbsp;</P></TD><TD width=15% valign=bottom><P>&nbsp;</P></TD><TD width=4% valign=bottom><P align="right">&nbsp;</P></TD><TD width=15% valign=bottom><P>&nbsp;</P></TD><TD width=4% valign=bottom><P align="right">&nbsp;</P></TD><TD width="15%" valign=bottom><P>&nbsp;</P></TD></TR>
<TR bgcolor="#E6EFFF"><TD valign=top><P>&nbsp;</P></TD><TD width=2% valign=bottom><P style="margin:0px" align=right>&nbsp;</P>
</TD><TD width=15% valign=bottom><P>&nbsp;</P></TD><TD width=4% valign=bottom><P style="margin:0px" align=right>&nbsp;</P>
</TD><TD width=15% valign=bottom><P>&nbsp;</P></TD><TD width=4% valign=bottom><P align="right">&nbsp;</P></TD><TD width="15%" valign=bottom><P>&nbsp;</P></TD></TR>
<TR><TD valign=top><P style="margin:0px" align=justify>Loss per common share &#150; basic and fully diluted</P>
</TD>
  <TD width=2% valign=bottom><p align="right">$</p></TD>
  <TD width=15% valign=bottom><P style="margin:0px" align=right>-</P></TD>
  <TD width=4% valign=bottom><p align="right">$</p></TD>
  <TD width=15% valign=bottom><P style="margin:0px" align=right>-</P></TD>
  <TD width=4% valign=bottom>&nbsp;</TD>
  <TD width="15%" valign=bottom>&nbsp;</TD>
</TR>
<TR bgcolor="#E6EFFF"><TD valign=top><P>&nbsp;</P></TD><TD width=2% valign=bottom><P align="right">&nbsp;</P></TD><TD width=15% valign=bottom><P style="margin:0px" align=right>&nbsp;</P>
</TD><TD width=4% valign=bottom><P align="right">&nbsp;</P></TD><TD width=15% valign=bottom><P style="margin:0px" align=right>&nbsp;</P>
</TD><TD width=4% valign=bottom><P align="right">&nbsp;</P></TD><TD width="15%" valign=bottom><P>&nbsp;</P></TD></TR>
<TR><TD valign=top><P style="margin:0px" align=justify>Weighted average common shares </P>
</TD>
  <TD width=2% valign=bottom>&nbsp;</TD>
  <TD width=15% valign=bottom><div align="right">5,420,000</div></TD>
  <TD width=4% valign=bottom>&nbsp;</TD>
  <TD width=15% valign=bottom><div align="right">5, 420,000</div></TD>
  <TD width=4% valign=bottom>&nbsp;</TD>
  <TD width="15%" valign=bottom>&nbsp;</TD>
</TR>
</TABLE>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=center>Page 3 of 11</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR>
<BR></P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin-top:0px; margin-bottom:12.2px; page-break-before:always"><BR></P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<P style="margin:0px" align=justify><BR></P>
<TABLE align=center cellspacing=0 style="font-size:10pt" width="100%">
  <TR height=0 style="font-size:0"><TD width="18%"></TD>
  <TD width="46%"></TD>
  <TD width=2%></TD>
  <TD width=15%></TD>
  <TD width=4%></TD>
  <TD width=15%></TD>
  </TR>
<TR><TD valign=bottom colspan=6><P style="margin:0px" align=justify><B>Lincoln Mining, Inc.</B></P>
</TD></TR>
<TR><TD valign=bottom colspan=6><P style="margin:0px" align=justify><B>(An Exploration Stage Company)</B></P>
</TD></TR>
<TR><TD style="border-bottom:1.333px solid #000000" valign=bottom colspan=6><P style="margin:0px" align=justify>Statements of Cash Flows</P>
<P style="margin:0px" align=justify>(Unaudited)</P>
</TD></TR>
<TR><TD valign=bottom><P>&nbsp;</P></TD><TD valign=bottom><P>&nbsp;</P></TD><TD width=2% valign=bottom><P>&nbsp;</P></TD><TD width=15% valign=bottom><P>&nbsp;</P></TD><TD width=4% valign=bottom><P>&nbsp;</P></TD><TD width=15% valign=bottom><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom><P>&nbsp;</P></TD><TD valign=bottom><P>&nbsp;</P></TD><TD width=2% valign=bottom><P>&nbsp;</P></TD><TD width=15% valign=bottom><P style="margin:0px" align=center>For the six months ended December 31,</P>
</TD><TD width=4% valign=bottom><P>&nbsp;</P></TD><TD width=15% valign=bottom><P style="margin:0px" align=center>Accumulated from February 20, 2007 (inception) through December 31,</P>
</TD></TR>
<TR><TD valign=bottom><P>&nbsp;</P></TD><TD valign=bottom><P>&nbsp;</P></TD><TD width=2% valign=bottom><P>&nbsp;</P></TD><TD width=15% valign=bottom style="border-bottom:1px solid #000000"><P style="margin:0px" align=center>2007</P>
</TD><TD width=4% valign=bottom><P>&nbsp;</P></TD><TD width=15% valign=bottom style="border-bottom:1px solid #000000"><P style="margin:0px" align=center>2007</P>
</TD></TR>
<TR bgcolor="#E6EFFF"><TD colspan=2 valign=bottom><P style="margin:0px" align=justify><U>Cash flows from operating activities</U></P>
</TD><TD width=2% valign=bottom><P>&nbsp;</P></TD><TD width=15% valign=bottom><P>&nbsp;</P></TD><TD width=4% valign=bottom><P>&nbsp;</P></TD><TD width=15% valign=bottom><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom><P>&nbsp;</P></TD><TD valign=bottom><P style="margin:0px" align=justify>Net loss </P>
</TD><TD width=2% valign=bottom><P style="margin:0px" align="right">$</P>
</TD><TD width=15% valign=bottom><P style="margin:0px; padding-right:0.267px" align=right>(9,133)</P>
</TD><TD width=4% valign=bottom><P style="margin:0px" align=right>$</P>
</TD><TD width=15% valign=bottom><P style="margin:0px" align=right>(10,261)</P>
</TD></TR>
<TR bgcolor="#E6EFFF"><TD height="23" valign=bottom><P>&nbsp;</P></TD><TD valign=bottom><P>&nbsp;</P></TD><TD width=2% valign=bottom><P>&nbsp;</P></TD><TD width=15% valign=bottom><P>&nbsp;</P></TD><TD width=4% valign=bottom><P>&nbsp;</P></TD><TD width=15% valign=bottom><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom><P>&nbsp;</P></TD><TD valign=bottom><P style="margin:0px" align=justify>Changes in operating assets and liabilities:</P>
</TD><TD width=2% valign=bottom><P>&nbsp;</P></TD><TD width=15% valign=bottom><P>&nbsp;</P></TD><TD width=4% valign=bottom><P>&nbsp;</P></TD><TD width=15% valign=bottom><P>&nbsp;</P></TD></TR>
<TR bgcolor="#E6EFFF"><TD valign=bottom><P>&nbsp;</P></TD><TD valign=bottom><P style="margin:0px" align=justify>Increase in related party payable</P>
</TD><TD width=2% valign=bottom><P>&nbsp;</P></TD><TD width=15% valign=bottom><P style="margin:0px; padding-right:0.267px" align=right>-</P>
</TD><TD width=4% valign=bottom><P>&nbsp;</P></TD><TD width=15% valign=bottom><P style="margin:0px" align=right>100</P>
</TD></TR>
<TR><TD valign=bottom><P>&nbsp;</P></TD><TD valign=bottom><P style="margin:0px" align=justify>Increase in accrued expenses</P>
</TD><TD width=2% valign=bottom><P>&nbsp;</P></TD><TD width=15% valign=bottom><P style="margin:0px; padding-right:0.267px" align=right>3,201</P>
</TD><TD width=4% valign=bottom><P>&nbsp;</P></TD><TD width=15% valign=bottom><P style="margin:0px" align=right>3,201</P>
</TD></TR>
<TR bgcolor="#E6EFFF"><TD valign=bottom><P>&nbsp;</P></TD><TD valign=bottom><P style="margin:0px" align=justify>Decrease in prepaid</P>
</TD><TD width=2% valign=bottom><P>&nbsp;</P></TD><TD width=15% valign=bottom><P style="margin:0px; padding-right:0.267px" align=right>251</P>
</TD><TD width=4% valign=bottom><P>&nbsp;</P></TD><TD width=15% valign=bottom><P style="margin:0px" align=right>-</P>
</TD></TR>
<TR><TD valign=bottom><P>&nbsp;</P></TD><TD valign=bottom><P style="margin:0px" align=justify>Net cash used in operating activities</P>
</TD><TD width=2% valign=bottom><P>&nbsp;</P></TD><TD width=15% valign=bottom style="border-top:1px solid #000000"><P style="margin:0px; padding-right:0.267px" align=right>(5,681)</P>
</TD><TD width=4% valign=bottom><P>&nbsp;</P></TD><TD width=15% valign=bottom style="border-top:1px solid #000000"><P style="margin:0px" align=right>(6,960)</P>
</TD></TR>
<TR bgcolor="#E6EFFF"><TD valign=bottom><P>&nbsp;</P></TD><TD valign=bottom><P>&nbsp;</P></TD><TD width=2% valign=bottom><P>&nbsp;</P></TD><TD width=15% valign=bottom><P>&nbsp;</P></TD><TD width=4% valign=bottom><P>&nbsp;</P></TD><TD width=15% valign=bottom><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom colspan=2><P style="margin:0px" align=justify>Cash flows from investing activities</P>
</TD><TD width=2% valign=bottom><P>&nbsp;</P></TD><TD width=15% valign=bottom><P>&nbsp;</P></TD><TD width=4% valign=bottom><P>&nbsp;</P></TD><TD width=15% valign=bottom><P>&nbsp;</P></TD></TR>
<TR bgcolor="#E6EFFF"><TD valign=bottom><P>&nbsp;</P></TD><TD valign=bottom><P style="margin:0px" align=justify>(Increase) decrease in mining interest</P>
</TD><TD width=2% valign=bottom><P>&nbsp;</P></TD><TD width=15% valign=bottom style="border-bottom:1px solid #000000"><P style="margin:0px; padding-right:0.267px" align=right>-</P>
</TD><TD width=4% valign=bottom><P>&nbsp;</P></TD><TD width=15% valign=bottom style="border-bottom:1px solid #000000"><P style="margin:0px" align=right>(10,000)</P>
</TD></TR>
<TR><TD valign=bottom><P>&nbsp;</P></TD><TD valign=bottom><P style="margin:0px" align=justify>Net cash used in investing activities</P>
</TD><TD width=2% valign=bottom><P>&nbsp;</P></TD><TD width=15% valign=bottom><P style="margin:0px; padding-right:0.267px" align=right>-</P>
</TD><TD width=4% valign=bottom><P>&nbsp;</P></TD><TD width=15% valign=bottom><P style="margin:0px" align=right>(10,000)</P>
</TD></TR>
<TR bgcolor="#E6EFFF"><TD valign=bottom><P>&nbsp;</P></TD><TD valign=bottom><P>&nbsp;</P></TD><TD width=2% valign=bottom><P>&nbsp;</P></TD><TD width=15% valign=bottom><P>&nbsp;</P></TD><TD width=4% valign=bottom><P>&nbsp;</P></TD><TD width=15% valign=bottom><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom colspan=2><P style="margin:0px" align=justify>Cash flows from financing activities</P>
</TD><TD width=2% valign=bottom><P>&nbsp;</P></TD><TD width=15% valign=bottom><P>&nbsp;</P></TD><TD width=4% valign=bottom><P>&nbsp;</P></TD><TD width=15% valign=bottom><P>&nbsp;</P></TD></TR>
<TR bgcolor="#E6EFFF"><TD valign=bottom><P>&nbsp;</P></TD><TD valign=bottom><P style="margin:0px" align=justify>Proceeds from issuance of common stock</P>
</TD><TD width=2% valign=bottom><P>&nbsp;</P></TD><TD width=15% valign=bottom style="border-bottom:1px solid #000000"><P style="margin:0px; padding-right:0.267px" align=right>-</P>
</TD><TD width=4% valign=bottom><P>&nbsp;</P></TD><TD width=15% valign=bottom style="border-bottom:1px solid #000000"><P style="margin:0px" align=right>35,000</P>
</TD></TR>
<TR><TD valign=bottom><P>&nbsp;</P></TD><TD valign=bottom><P style="margin:0px" align=justify>Net cash provided by financing activities</P>
</TD><TD width=2% valign=bottom><P>&nbsp;</P></TD><TD width=15% valign=bottom><P style="margin:0px; padding-right:0.267px" align=right>-</P>
</TD><TD width=4% valign=bottom><P>&nbsp;</P></TD><TD width=15% valign=bottom><P style="margin:0px" align=right>35,000</P>
</TD></TR>
<TR bgcolor="#E6EFFF"><TD valign=bottom><P>&nbsp;</P></TD><TD valign=bottom><P>&nbsp;</P></TD><TD width=2% valign=bottom><P>&nbsp;</P></TD><TD width=15% valign=bottom><P>&nbsp;</P></TD><TD width=4% valign=bottom><P>&nbsp;</P></TD><TD width=15% valign=bottom><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom colspan=2><P style="margin:0px" align=justify>Increase (Decrease) in cash and cash equivalents</P>
</TD><TD width=2% valign=bottom><P>&nbsp;</P></TD><TD width=15% valign=bottom style="border-bottom:1px solid #000000"><P style="margin:0px; padding-right:0.267px" align=right>(5,681)</P>
</TD><TD width=4% valign=bottom><P>&nbsp;</P></TD><TD width=15% valign=bottom style="border-bottom:1px solid #000000"><P style="margin:0px" align=right>18,040</P>
</TD></TR>
<TR bgcolor="#E6EFFF"><TD valign=bottom><P>&nbsp;</P></TD><TD valign=bottom><P>&nbsp;</P></TD><TD width=2% valign=bottom><P>&nbsp;</P></TD><TD width=15% valign=bottom><P>&nbsp;</P></TD><TD width=4% valign=bottom><P>&nbsp;</P></TD><TD width=15% valign=bottom><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom colspan=2><P style="margin:0px" align=justify>Cash and cash equivalents, beginning of year</P>
</TD><TD width=2% valign=bottom><P>&nbsp;</P></TD><TD width=15% valign=bottom><P style="margin:0px; padding-right:0.267px" align=right>23,721</P>
</TD><TD width=4% valign=bottom><P>&nbsp;</P></TD><TD width=15% valign=bottom><P style="margin:0px" align=right>-</P>
</TD></TR>
<TR bgcolor="#E6EFFF"><TD valign=bottom><P>&nbsp;</P></TD><TD valign=bottom><P>&nbsp;</P></TD><TD width=2% valign=bottom><P>&nbsp;</P></TD><TD width=15% valign=bottom><P>&nbsp;</P></TD><TD width=4% valign=bottom><P>&nbsp;</P></TD><TD width=15% valign=bottom><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom colspan=2><P style="margin:0px" align=justify>Cash and cash equivalents, end of year</P>
</TD><TD width=2% valign=bottom><P style="margin:0px" align=right>$</P>
</TD><TD width=15% valign=bottom style="border-bottom:3px double #000000"><P style="margin:0px; padding-right:0.267px" align=right>18,040</P>
</TD><TD width=4% valign=bottom><P style="margin:0px" align=right>$</P>
</TD><TD width=15% valign=bottom style="border-bottom:3px double #000000"><P style="margin:0px" align=right>18,040</P>
</TD></TR>
<TR bgcolor="#E6EFFF"><TD valign=bottom><P>&nbsp;</P></TD><TD valign=bottom><P>&nbsp;</P></TD><TD width=2% valign=bottom><P>&nbsp;</P></TD><TD width=15% valign=bottom><P>&nbsp;</P></TD><TD width=4% valign=bottom><P>&nbsp;</P></TD><TD width=15% valign=bottom><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom><P>&nbsp;</P></TD><TD valign=bottom><P>&nbsp;</P></TD><TD width=2% valign=bottom><P>&nbsp;</P></TD><TD width=15% valign=bottom><P>&nbsp;</P></TD><TD width=4% valign=bottom><P>&nbsp;</P></TD><TD width=15% valign=bottom><P>&nbsp;</P></TD></TR>
<TR bgcolor="#E6EFFF"><TD colspan=2 valign=bottom><P style="margin:0px" align=justify><U>Supplement Disclosures:</U></P>
</TD><TD width=2% valign=bottom><P>&nbsp;</P></TD><TD width=15% valign=bottom><P>&nbsp;</P></TD><TD width=4% valign=bottom><P>&nbsp;</P></TD><TD width=15% valign=bottom><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom colspan=2><P style="margin:0px" align=justify>Cash paid for interest</P>
</TD><TD width=2% valign=bottom><P>&nbsp;</P></TD><TD width=15% valign=bottom><P style="margin:0px; padding-right:0.267px" align=right>-</P>
</TD><TD width=4% valign=bottom><P>&nbsp;</P></TD><TD width=15% valign=bottom><P style="margin:0px" align=right>-</P>
</TD></TR>
<TR bgcolor="#E6EFFF"><TD colspan=2 valign=bottom><P style="margin:0px" align=justify>Cash paid for income tax</P>
</TD><TD width=2% valign=bottom><P>&nbsp;</P></TD><TD width=15% valign=bottom><P style="margin:0px; padding-right:0.267px" align=right>-</P>
</TD><TD width=4% valign=bottom><P>&nbsp;</P></TD><TD width=15% valign=bottom><P style="margin:0px" align=right>-</P>
</TD></TR>
<TR><TD valign=bottom><P>&nbsp;</P></TD><TD valign=bottom><P>&nbsp;</P></TD><TD width=2% valign=bottom><P>&nbsp;</P></TD><TD width=15% valign=bottom><P>&nbsp;</P></TD><TD width=4% valign=bottom><P>&nbsp;</P></TD><TD width=15% valign=bottom><P>&nbsp;</P></TD></TR>
</TABLE>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center>Page 4 of 11</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=center><BR>
<BR></P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin-top:0px; margin-bottom:12.2px; page-break-before:always"><BR></P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<P style="margin:0px" align=center><B>Lincoln Mining, Inc.</B></P>
<P style="margin:0px" align=center><B>(An Exploration Stage Company)</B></P>
<P style="margin:0px" align=center>Notes to the Financial Statements</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><B>Note 1 &#150; Nature and Continuance of Operations</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px" align=justify>The Company was incorporated in the State of Nevada on February 20, 2007. The Company is an Exploration Stage Company as defined by the Statement of Financial Accounting Standard (&#147;SFAS) No.7. The Company has acquired a mineral property located in Elko County, within the state of Nevada and has not yet determined whether this property contains reserves that are economically recoverable. The recoverability of property expenditures will be dependent upon the discovery of economically recoverable reserves, confirmation of the company&#146;s interest in the underlying property, and the ability of the Company to obtain necessary financing to satisfy the expenditure requirements under the property agreement and upon future profitable production of proceeds for sale thereof.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><B>Note 2 - Significant Accounting Policies</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px" align=justify>The following is a summary of significant account policies used in the preparation of these financial statements.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px" align=justify><B>a.</B> <B>Basis of presentation</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px" align=justify>The financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America applicable to exploration stage enterprises, and are expressed in U.S. dollars. The Company&#146;s fiscal year end is June 30.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px" align=justify><B>b.</B> <B>Cash and cash equivalents</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px" align=justify>Cash and cash equivalents include highly liquid investments with original maturities of three months or less.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px" align=justify><B>c.</B> <B>Mineral property costs</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px" align=justify>The Company has been in the exploration stage since its formation on February 20, 2007 and has not yet realized any revenues from its planned operations. It is primarily engaged in the acquisition and exploration of mining properties. Mineral property acquisition and exploration costs are charged to operations as incurred. When it has been determined that a mineral property can be economically developed as a result of establishing proven and probable reserves, the costs incurred to develop such property, are capitalized. Such costs will be amortized using the units-of-production method over the estimated life of the probable reserve.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px" align=justify>Although the Company has taken steps to verify title to mineral properties in which it has an interest, according to the usual industry standards for the stage of </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=center>Page 5 of 11</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=center><BR>
<BR></P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin-top:0px; margin-bottom:12.2px; page-break-before:always"><BR></P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<P style="margin:0px" align=center><B>Lincoln Mining, Inc.</B></P>
<P style="margin:0px" align=center><B>(An Exploration Stage Company)</B></P>
<P style="margin:0px" align=center>Notes to the Financial Statements</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><B>Note 2 - Significant Accounting Policies (continues)</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>exploration of such properties, these procedures do not guarantee the Company&#146;s title. Such properties may be subject to prior agreements or transfers and title may be affected by undetected defects.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px" align=justify><B>d.</B> <B>Fair Value of Financial instruments</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px" align=justify>Unless otherwise indicated, the fair values of all reported assets and liabilities which represent financial instruments (none of which are held for trading purposes) approximate the carrying values of such amounts.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px" align=justify><B>e.</B> <B>Environmental expenditures</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px" align=justify>The operations &nbsp;of the Company have been, and may in the future, be affected from time to time, in varying degrees, by changes in environmental regulations, including those for future reclamation and site restoration costs. Both the likelihood of new regulations and their overall effect upon the Company vary greatly and are not predictable. The Company&#146;s policy is to meet or, if possible, surpass standards set by relevant legislation, by application of technically proven and economically feasible measures.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px" align=justify>Environmental expenditures that relate to ongoing environmental and reclamation programs are charged against earnings as incurred or capitalized and amortized depending on their future economic benefits. Estimated future reclamation and site restoration costs, when the ultimate liability is reasonably determinable, are charged against earnings over the estimated remaining life of the related business operation, net of expected recoveries. </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px" align=justify><B>f. Income taxes</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px" align=justify>Deferred income taxes are reported for timing differences between items of income or expense reported in the financial statements and those reported for income tax purposes in accordance with SFAS No. 109, <I>Accounting for Income Taxes, </I>which requires the use of asset/liability method of accounting for income taxes. Deferred income taxes and tax benefits are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, and for tax loss and credit carry-forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered are settled. The Company provides for deferred taxes for the estimated future tax effects attributable to temporary differences and carry-forwards when realization is more likely than not.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center>Page 6 of 11</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=center><BR>
<BR></P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin-top:0px; margin-bottom:12.2px; page-break-before:always"><BR></P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<P style="margin:0px" align=center><B>Lincoln Mining, Inc.</B></P>
<P style="margin:0px" align=center><B>(An Exploration Stage Company)</B></P>
<P style="margin:0px" align=center>Notes to the Financial Statements</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><B>Note 2 - Significant Accounting Policies (continues)</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px" align=justify><B>g.</B> <B>Basic and diluted net loss per share</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px" align=justify>The Company computes net loss per share in accordance with SFAS No. 128, <I>Earnings per Share</I>. SFAS No. 128 requires presentation of both basic and diluted earnings per share (&#147;EPS&#148;) on the face of the income statement. Basic EPS is computed by dividing net loss available to common shareholders (numerators) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all potentially dilutive common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all potentially dilutive shares if their effect is anti-dilutive.</P>
<P style="margin:0px" align=justify><BR></P>
<TABLE cellspacing=0 style="font-size:10pt" width="100%">
  <TR height=0 style="font-size:0"><TD width=5% bgcolor="#FFFFFF"></TD>
  <TD></TD>
  <TD width=2%></TD>
  <TD width=15%></TD>
  <TD width=2%></TD>
  </TR>
<TR><TD width=5% valign=top bgcolor="#FFFFFF"><P>&nbsp;</P></TD><TD valign=top><P>&nbsp;</P></TD><TD width=2% valign=top><P>&nbsp;</P></TD><TD width=15% valign=top><P style="margin:0px; " align=center>For the Six Months Ended</P>
</TD><TD width=2% valign=top><P>&nbsp;</P></TD></TR>
<TR><TD width=5% valign=top bgcolor="#FFFFFF"><P>&nbsp;</P></TD><TD valign=top><P>&nbsp;</P></TD><TD width=2% valign=top><P>&nbsp;</P></TD><TD width=15% valign=top><P style="margin:0px; " align=center>December 31, 2007</P>
</TD><TD width=2% valign=top><P>&nbsp;</P></TD></TR>
<TR bgcolor="#EEEEEE"><TD width=5% valign=top bgcolor="#FFFFFF"><P>&nbsp;</P></TD><TD valign=top><P style="margin:0px; " align=justify>Basic Earnings per share:</P>
</TD><TD width=2% valign=top><P>&nbsp;</P></TD><TD width=15% valign=top><P>&nbsp;</P></TD><TD width=2% valign=top><P>&nbsp;</P></TD></TR>
<TR><TD width=5% valign=top bgcolor="#FFFFFF"><P>&nbsp;</P></TD><A NAME="OLE_LINK1"></A><A NAME="OLE_LINK2"></A><TD valign=top><P style="margin:0px; " align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income (Loss) (numerator)</P>
</TD><TD width=2% valign=top><P style="margin:0px; " align=right>$</P>
</TD><TD width=15% valign=top><P style="margin:0px; padding-right:-7px; " align=right>(9,133</P>
</TD><TD width=2% valign=top><P style="margin:0px; padding-left:-7.4px; "align="left">)</P>
</TD></TR>
<TR bgcolor="#EEEEEE"><TD width=5% valign=top bgcolor="#FFFFFF"><P>&nbsp;</P></TD><TD valign=top><P style="margin:0px; " align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares (denominator)</P>
</TD><TD width=2% valign=top><P>&nbsp;</P></TD><TD width=15% valign=top style="border-bottom:1px solid #000000"><P style="margin:0px; padding-right:-7px; " align=right>5,420,000</P>
</TD><TD width=2% valign=top><P>&nbsp;</P></TD></TR>
<TR><TD width=5% valign=top bgcolor="#FFFFFF"><P>&nbsp;</P></TD><TD valign=top><P style="margin:0px; " align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Per Share Amount</P>
</TD><TD width=2% valign=top><P style="margin:0px; " align=right>$</P>
</TD><TD width=15% valign=top style="border-bottom:3px double #000000"><P style="margin:0px; padding-right:-7px; " align=right>.00</P>
</TD><TD width=2% valign=top><P>&nbsp;</P></TD></TR>
<TR bgcolor="#EEEEEE"><TD width=5% valign=top bgcolor="#FFFFFF"><P>&nbsp;</P></TD><TD valign=top><P>&nbsp;</P></TD><TD width=2% valign=top><P>&nbsp;</P></TD><TD width=15% valign=top><P>&nbsp;</P></TD><TD width=2% valign=top><P>&nbsp;</P></TD></TR>
<TR><TD width=5% valign=top bgcolor="#FFFFFF"><P>&nbsp;</P></TD><TD valign=top><P style="margin:0px; " align=justify>Fully Diluted Earnings per share:</P>
</TD><TD width=2% valign=top><P>&nbsp;</P></TD><TD width=15% valign=top><P>&nbsp;</P></TD><TD width=2% valign=top><P>&nbsp;</P></TD></TR>
<TR bgcolor="#EEEEEE"><TD width=5% valign=top bgcolor="#FFFFFF"><P>&nbsp;</P></TD><TD valign=top><P style="margin:0px; " align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income (Loss) (numerator)</P>
</TD><TD width=2% valign=top><P style="margin:0px; " align=right>$</P>
</TD><TD width=15% valign=top><P style="margin:0px; padding-right:-7px; " align=right>(9,133</P>
</TD><TD width=2% valign=top><P style="margin:0px; padding-left:-7.4px; "align="left">)</P>
</TD></TR>
<TR><TD width=5% valign=top bgcolor="#FFFFFF"><P>&nbsp;</P></TD><TD valign=top><P style="margin:0px; " align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares (denominator)</P>
</TD><TD width=2% valign=top><P>&nbsp;</P></TD><TD width=15% valign=top style="border-bottom:1px solid #000000"><P style="margin:0px; padding-right:-7px; " align=right>5,420,000</P>
</TD><TD width=2% valign=top><P>&nbsp;</P></TD></TR>
<TR bgcolor="#EEEEEE"><TD width=5% valign=top bgcolor="#FFFFFF"><P>&nbsp;</P></TD><TD valign=top><P style="margin:0px; " align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Per Share Amount</P>
</TD><TD width=2% valign=top><P style="margin:0px; " align=right>$</P>
</TD><TD width=15% valign=top style="border-bottom:3px double #000000"><P style="margin:0px; padding-right:-7px; " align=right>.00</P>
</TD><TD width=2% valign=top><P>&nbsp;</P></TD></TR>
<TR><TD width=5% valign=top bgcolor="#FFFFFF"><P>&nbsp;</P></TD><TD valign=top><P>&nbsp;</P></TD><TD width=2% valign=top><P>&nbsp;</P></TD><TD width=15% valign=top><P>&nbsp;</P></TD><TD width=2% valign=top><P>&nbsp;</P></TD></TR>
</TABLE>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px" align=justify><B>h.</B> <B>Use of estimates and assumptions</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px" align=justify>The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. In these financial statements, assets, liabilities and earnings involve extensive reliance on management&#146;s estimates. Actual results could differ from those estimates.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px" align=justify>The Company&#146;s periodic filing with the Securities and Exchange Commission (&#147;SEC&#148;) include, where applicable, disclosures of estimates, assumptions, uncertainties, and market that could affect the financial statements and future operations of the Company. &nbsp;</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px" align=justify><B>i. Concentrations of credit risk</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px" align=justify>The Company&#146;s financial instruments that are exposed to concentrations of credit risk primarily consist of its cash and related party payables. The Company places its cash </P>
<P style="margin:0px" align=justify><BR></P>
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<P style="margin:0px" align=center>Page 7 of 11</P>
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<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
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<P style="margin-top:0px; margin-bottom:12.2px; page-break-before:always"><BR></P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<P style="margin:0px" align=center><B>Lincoln Mining, Inc.</B></P>
<P style="margin:0px" align=center><B>(An Exploration Stage Company)</B></P>
<P style="margin:0px" align=center>Notes to the Financial Statements</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><B>Note 2 - Significant Accounting Policies (continues)</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>and cash equivalents with financial institutions of high credit worthiness. At times, its cash equivalents with a particular financial institution may exceed any applicable government insurance limits. The Company&#146;s management also routinely assesses the financial strength and credit worthiness of any parties to which it extends funds and as such, it believes that any associated credit risk exposures are limited.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px" align=justify><B>j. Risks and uncertainties</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px" align=justify>The Company operates in the resource exploration industry that is subject to significant risks and uncertainties, including financial, operational, and other risks associated with operating a resource exploration business, including the potential risk of business failure. &nbsp;</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><B>Note 3 &#150;</B> <B>New Technical Pronouncements</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In February 2007, the FASB issued SFAS No. 159, THE FAIR VALUE OPTION FOR FINANCIAL ASSETS AND FINANCIAL LIABILITIES &#150; INCLUDING AN AMENDMENT OF FASB STATEMENT NO. 115. This statements objective is to improve financial reporting by providing the Company with the opportunity to mitigate volatility in reported earnings caused by measuring related assets and liabilities differently without having to apply complex hedge accounting provisions. This statement is expected to expand the use of fair value measurement, which is consistent with the FASB&#146;s long-term measurement objective for accounting for financial instruments. The adoption of SFAS 159 did not have an impact on the Company&#146;s financial statements. </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In December 2007, the FASB issued SFAS No. 160, NONCONTROLLING INTERESTS IN CONSOLIDATED FINANCIAL STATEMENTS &#150; AN AMENDMENT OF ARB NO. 51. This statements objective is to improve the relevance, comparability, and transparency of the financial information that a reporting entity provides in its consolidated financial statements by establishing accounting and reporting standards that require ownership interests in the subsidiaries held by parties other than the parent be clearly identified. The adoption of SFAS 160 did not have an impact on the Company&#146;s financial statements.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px" align=justify>&nbsp;&nbsp;In December 2007, the FASB issued SFAS No. 141 (revised), BUSINESS COMBINATIONS. This revision statements objective is to improve the relevance, representational faithfulness, and comparability of the information that a reporting entity provides in its effects on recognizing identifiable assets and measuring goodwill. The adoption of SFAS 141 (revised) did not have an impact on the Company&#146;s financial statements.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR></P>
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<P style="margin:0px" align=center>Page 8 of 11</P>
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<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
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<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<P style="margin:0px" align=center><B>Lincoln Mining, Inc.</B></P>
<P style="margin:0px" align=center><B>(An Exploration Stage Company)</B></P>
<P style="margin:0px" align=center>Notes to the Financial Statements</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><B>Note 4 - Mineral Property</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px" align=justify>Pursuant to a mineral property purchase agreements dated May 24, 2007, the Company acquired a 100% undivided right, title and interest in a mineral claim, located in Section 8 of T35N, R36E Mount Diablo Base Meridian in the Elko County, within the state of Nevada for a cash payment of $10,000. Since the Company has not established the commercial feasibility of the mineral claim, the acquisition costs have been capitalized.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><B>Note 5 &#150; Related Party Payable </B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px" align=justify>The president, John Pulos, advanced the Company $100 dollars to open the Company&#146;s bank account.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><B>Note 6 - Capital Stock</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px" align=justify><B>Authorized</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px" align=justify>The total authorized capital is 75,000,000 common shares with a par value of $0.001 per common share.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px" align=justify><B>Issued and outstanding</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px" align=justify>The Company issued 5,420,000 common stocks for cash at a range of $ 0.001 - $0.05 per share.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><B>Note 7 - Income Taxes</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px" align=justify>The Company has losses carried forward for income tax purposes to June 30, 2008. There are no current or deferred tax expenses for the period ended June 30, 2008 due to the Company&#146;s loss position. The Company has fully reserved for any benefits of these losses. The deferred tax consequences of temporary differences in reporting items for financial statements and income tax purposes are recognized, as appropriate. Realization of the future tax benefits related to the deferred tax assets is dependent on many factors, including the Company&#146;s ability to generate taxable income within the net operating loss carry-forward period. Management has considered these factors in reaching its conclusion as to the valuation allowance for financial reporting purposes.</P>
<P style="margin:0px" align=justify><BR></P>
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<P style="margin:0px" align=justify><BR></P>
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<P style="margin:0px" align=center>Page 9 of 11</P>
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<BR></P>
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<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin-top:0px; margin-bottom:12.2px; page-break-before:always"><BR></P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<P style="margin:0px" align=center><B>Lincoln Mining, Inc.</B></P>
<P style="margin:0px" align=center><B>(An Exploration Stage Company)</B></P>
<P style="margin:0px" align=center>Notes to the Financial Statements</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><B>Note 7 - Income Taxes (continued)</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px" align=justify>The provision for refundable federal income tax consists of the following:</P>
<P style="margin:0px" align=justify><BR></P>
<TABLE align="center" cellspacing=0 style="font-size:10pt">
  <TR height=0 style="font-size:0"><TD width=397></TD><TD width=150.933></TD></TR>
<TR><TD valign=bottom width=397><P>&nbsp;</P></TD><TD valign=bottom width=150.933><P style="margin:0px">For the period from the inception on February 20, 2007 to December 31,2007</P>
</TD></TR>
<TR bgcolor="#EEEEEE"><TD width=397 valign=bottom><P style="margin:0px">Deferred tax asset attributable to</P>
</TD><TD width=150.933 valign=bottom><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=397><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Current operations</P>
</TD><TD valign=bottom width=150.933><P style="margin:0px" align=right>(3,489)</P>
</TD></TR>
<TR bgcolor="#EEEEEE"><TD width=397 valign=bottom><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Less: Change in valuation allowance</P>
</TD><TD width=150.933 valign=bottom style="border-bottom:1px solid #000000"><P style="margin:0px" align=right>3,489</P>
</TD></TR>
<TR><TD valign=bottom width=397><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net refundable amount</P>
</TD><TD style="border-bottom:1.333px solid #000000" valign=bottom width=150.933><P style="margin:0px" align=right>-</P>
</TD></TR>
<TR><TD valign=bottom width=397><P>&nbsp;</P></TD><TD valign=bottom width=150.933><P>&nbsp;</P></TD></TR>
</TABLE>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px" align=justify>The composition of the Company&#146;s deferred tax assets as at December 31, 2007 is as follows:</P>
<P style="margin:0px" align=justify><BR></P>
<TABLE align="center" cellspacing=0 style="font-size:10pt">
  <TR height=0 style="font-size:0"><TD width=65.533></TD><TD width=70.067></TD><TD width=108.467></TD><TD width=165.2></TD><TD width=182.8></TD></TR>
<TR><TD valign=bottom width=65.533><P>&nbsp;</P></TD><TD valign=bottom width=70.067><P>&nbsp;</P></TD><TD valign=bottom width=108.467><P>&nbsp;</P></TD><TD valign=bottom width=165.2><P>&nbsp;</P></TD><TD valign=bottom width=182.8><P style="margin:0px" align=justify>For the period from the inception on February 20, 2007 to December 31, 2007</P>
</TD></TR>
<TR><TD valign=bottom colspan=4><P>&nbsp;</P></TD><TD valign=bottom width=182.8><P>&nbsp;</P></TD></TR>
<TR bgcolor="#EEEEEE"><TD colspan=4 valign=bottom><P style="margin:0px" align=justify>Net operating loss carry forward</P>
</TD><TD width=182.8 valign=bottom><P style="margin:0px" align=right>(10,261)</P>
</TD></TR>
<TR><TD valign=bottom width=65.533><P>&nbsp;</P></TD><TD valign=bottom width=70.067><P>&nbsp;</P></TD><TD valign=bottom width=108.467><P>&nbsp;</P></TD><TD valign=bottom width=165.2><P>&nbsp;</P></TD><TD valign=bottom width=182.8><P>&nbsp;</P></TD></TR>
<TR bgcolor="#EEEEEE"><TD colspan=4 valign=bottom><P style="margin:0px" align=justify>Statutory federal income tax rate</P>
</TD><TD width=182.8 valign=bottom><P style="margin:0px" align=right>34%</P>
</TD></TR>
<TR><TD valign=bottom colspan=3><P style="margin:0px" align=justify>Effective income tax rate</P>
</TD><TD valign=bottom width=165.2><P>&nbsp;</P></TD><TD valign=bottom width=182.8><P style="margin:0px" align=right>0%</P>
</TD></TR>
<TR bgcolor="#EEEEEE"><TD width=65.533 valign=bottom><P>&nbsp;</P></TD><TD width=70.067 valign=bottom><P>&nbsp;</P></TD><TD width=108.467 valign=bottom><P>&nbsp;</P></TD><TD width=165.2 valign=bottom><P>&nbsp;</P></TD><TD width=182.8 valign=bottom><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom colspan=3><P style="margin:0px" align=justify>Deferred tax asset</P>
</TD><TD valign=bottom width=165.2><P>&nbsp;</P></TD><TD valign=bottom width=182.8><P style="margin:0px" align=right>(3,489)</P>
</TD></TR>
<TR bgcolor="#EEEEEE"><TD colspan=3 valign=bottom><P style="margin:0px" align=justify>Less: Valuation allowance</P>
</TD><TD width=165.2 valign=bottom><P>&nbsp;</P></TD><TD width=182.8 valign=bottom style="border-bottom:1px solid #000000"><P style="margin:0px" align=right>3,489</P>
</TD></TR>
<TR><TD valign=bottom width=65.533><P>&nbsp;</P></TD><TD valign=bottom width=70.067><P>&nbsp;</P></TD><TD valign=bottom width=108.467><P>&nbsp;</P></TD><TD valign=bottom width=165.2><P>&nbsp;</P></TD><TD valign=bottom width=182.8><P>&nbsp;</P></TD></TR>
<TR bgcolor="#EEEEEE"><TD colspan=3 valign=bottom><P style="margin:0px" align=justify>Net deferred tax asset</P>
</TD><TD width=165.2 valign=bottom><P>&nbsp;</P></TD><TD width=182.8 valign=bottom style="border-bottom:1.333px solid #000000"><P style="margin:0px" align=right>-</P>
</TD></TR>
</TABLE>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px" align=justify>The potential income tax benefit of these losses has been offset by a full valuation allowance.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px" align=justify>As at December 31, 2007, the Company has an unused net operating loss carry-forward balance of approximately $10,261 that is available to offset future taxable income. This unused net operating loss carry-forward balance expires in 2027.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=center>Page 10 of 11</P>
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<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<P style="margin:0px" align=center><B>Lincoln Mining, Inc.</B></P>
<P style="margin:0px" align=center><B>(An Exploration Stage Company)</B></P>
<P style="margin:0px" align=center>Notes to the Financial Statements</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><B>Note 8 &#150; Going Concern</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;These financial statements have been prepared on a going concern basis. The Company has incurred losses since inception resulting in an accumulated deficit of $10,261 and further losses are anticipated in the development of its business. This raises substantial doubt about the Company&#146;s ability to continue as a going concern. Its ability to continue as a going concern is dependent upon the ability of the Company to generate profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management has plans to seek additional capital through a private placement and public offering of its common stock. These financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts of and classification of liabilities that might be necessary in the event the Company cannot continue in existence.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The ability of the Company to emerge from the exploration stage is dependent upon, among other things, obtaining additional financing to continue operations, explore and develop the mineral properties and the discovery, development, and sale of ore reserves.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In response to these problems, management has planned the following actions:</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:48px; text-indent:-24px; font-family:Symbol" align=justify>&#183;</P>
<P style="margin:0px; padding-left:48px" align=justify>The Company intends to apply for a SB-2 Registration Statement.</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:48px; text-indent:-24px; font-family:Symbol" align=justify>&#183;</P>
<P style="margin:0px; padding-left:48px" align=justify>Management intends to raise additional funds through public or private placement offerings.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;These factors, among others raise substantial doubt about the Company&#146;s ability to continue as a going concern. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty.</P>
<P style="margin:0px" align=justify><BR></P>
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<P style="margin:0px" align=center>Page 11 of 11</P>
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<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
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<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<P style="margin:0px" align=center><B>Plan Of Operation</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px">Our plan of operation for the twelve months following the date of this prospectus is to complete the geologist recommended exploration work on the Zone Lode claim consisting of grid emplacement, concentrated geological mapping and sampling, geophysical surveys and an initial drill hole. We estimate that the cost of this entire program, which we will conduct in phases, will be approximately $50,000. </P>
<P style="margin:0px"><BR></P>
<A NAME="page_24"></A><P style="margin:0px">We intend to retain a professional geologist to undertake the proposed exploration on the Zone Lode claim. We do not have any verbal or written agreement regarding the retention of any particular geologist.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">We intend to commence the initial phase of exploration in the spring of 2008 and anticipate that it will be completed by the fall of 2008, including the interpretation of all data collected.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">As well, we anticipate spending an additional $25,000 on professional fees, including fees payable in connection with the filing of this registration statement and complying with reporting obligations. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Total expenditures over the next 12 months are therefore expected to be $75,000.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">While we have enough funds on hand to commence initial exploration on the Zone Lode claim, we will require additional funding to cover our administrative expenses and to complete all recommended exploration. As well, we will need additional financing in order to complete any additional exploration that is recommended once this initial exploration is completed.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">We anticipate that additional funding will be required in the form of equity financing from the sale of our common stock. However, we do not have any arrangements in place for any future equity financing. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Results Of Operations From Inception to December 31, 2007 </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">We did not earn any revenues from our incorporation on February 20, 2007 to December 31, 2007. We have not commenced the exploration stage of our business and can provide no assurance that we will discover economic mineralization on the property. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">We incurred operating expenses in the amount of $10,261 for the period from our inception on February 20, 2007 to December 31, 2007. These operating expenses were comprised of legal and accounting fees of $7,701, operation and administration expenses of $2,010 and consulting fees of $550. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">We have not attained profitable operations and are dependent upon obtaining financing to pursue exploration activities. For these reasons, there is substantial doubt that we will be able to continue as a going concern. </P>
<P style="margin:0px"><BR></P>
<A NAME="page_29"></A><P style="margin:0px" align=center><B>Changes In And Disagreements With Accountants</B> </P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px">We have had no changes in or disagreements with our accountants. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center><B>Available Information </B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px">We have filed a registration statement on form SB-2 under the Securities Act of 1933 with the Securities and Exchange Commission with respect to the shares of our common stock offered through this prospectus. This prospectus is filed as a part of that registration statement, but does not contain all of the information contained in the registration statement and exhibits. Statements made in the registration statement are summaries of the material terms of the referenced contracts, agreements or documents of the company. We refer you to our registration statement and each exhibit attached to it for a more detailed description of matters involving the company, and the statements we have made in this prospectus are qualified in their entirety by reference to these additional materials. You may inspect the registration statement, exhibits and schedules filed with the Securities and Exchange Commission at the Commission's principal office in Washington, D.C. Copies of all or any part of the registration statement may be obtained from the Public Reference Section of the Securities and Exchange Commission, 100 F Street NE, Washington, D.C. 20549. D.C. 20549. Please call the Commission at 1-800-SEC-0330 for further information on the operation of the public reference rooms.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center>45</P>
<P style="margin:0px"><BR>
<BR></P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin-top:0px; margin-bottom:12.2px; page-break-before:always"><BR></P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">The Securities and Exchange Commission also maintains a web site at http://www.sec.gov that contains reports, proxy statements and information regarding registrants that file electronically with the Commission. Our registration statement and the referenced exhibits can also be found on this site. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Directors, Executive Officers, Promoters And Control Persons </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Our executive officer and director and his age as of the date of this prospectus is as follows: </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Directors: </B></P>
<P style="margin:0px"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0><TR height=0 style="font-size:0"><TD width=144></TD><TD width=72></TD><TD width=72></TD><TD width=72></TD><TD width=360></TD></TR>
<TR><TD style="border-bottom:1px solid #000000" valign=top width=144><P style="margin:0px"><B>Name of Director</B> </P>
</TD><TD valign=top width=72><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD style="border-bottom:1px solid #000000" valign=top width=72><P style="margin:0px" align=center><B>Age</B> </P>
</TD><TD valign=top width=72><P style="margin:0px">&nbsp;</P>
</TD><TD valign=top width=360><P style="margin:0px">&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD width=144><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=72><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD width=72><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=72><P style="margin:0px">&nbsp;</P>
</TD><TD width=360><P style="margin:0px">&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">John Pulos </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=72><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=72><P style="margin:0px" align=center>40 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=72><P style="margin:0px">&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=360><P style="margin:0px">&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD width=144><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=72><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD width=72><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=72><P style="margin:0px">&nbsp;</P>
</TD><TD width=360><P style="margin:0px">&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=144><P style="margin:0px"><B>Executive Officers:</B> </P>
</TD><TD valign=top width=72><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD valign=top width=72><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD valign=top width=72><P style="margin:0px">&nbsp;</P>
</TD><TD valign=top width=360><P style="margin:0px">&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD width=144><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=72><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD width=72><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=72><P style="margin:0px">&nbsp;</P>
</TD><TD width=360><P style="margin:0px">&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="border-bottom:1px solid #000000" valign=top width=144><P style="margin:0px"><B>Name of Officer</B> </P>
</TD><TD valign=top width=72><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD style="border-bottom:1px solid #000000" valign=top width=72><P style="margin:0px" align=center><B>Age</B> </P>
</TD><TD valign=top width=72><P style="margin:0px">&nbsp;</P>
</TD><TD style="border-bottom:1px solid #000000" valign=top width=360><P style="margin:0px"><B>Office</B> </P>
</TD></TR>
<TR><TD width=144><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=72><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD width=72><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=72><P style="margin:0px">&nbsp;</P>
</TD><TD width=360><P style="margin:0px">&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=144><P style="margin:0px">John Pulos </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=72><P>&nbsp;</P></TD><TD style="background-color:#E6EFFF" valign=top width=72><P style="margin:0px" align=center>40 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=72><P>&nbsp;</P></TD><TD style="background-color:#E6EFFF" valign=top width=360><P style="margin:0px">President, Chief Executive Officer, Secretary and Treasurer </P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Biographical Information</B> </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Set forth below is a brief description of the background and business experience of each of our executive officers and directors for the past five years. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Mr. Pulos has acted as our sole director and officer since our inception on February 20, 2007. He obtained his Bachelor of Arts degree in Political Science from the University of Washington and a Masters of Science degree in Real Estate Finance at New York University. For the past 20 years, Mr. Pulos has been self-employed in real estate sector where he has focused on land development, investment and land entitlements in the United States and Canada. He is currently involved in the purchase and resale of a 12 building portfolio of retail space, as well as numerous acquisitions of residential projects in the southern California market. Mr. Pulos intends to devote approximately <A NAME="page_17"></A>25% of his business time to our affairs. Mr. Pulos does not have any technical experience in the mineral exploration property business sector. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Term of Office </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Our directors are appointed for a one-year term to hold office until the next annual general meeting of our shareholders or until removed from office in accordance with our bylaws. Our officers are appointed by our board of directors and hold office until removed by the board. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Significant Employees</B> </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">We have no significant employees other than our sole officer and director. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center><B>Executive Compensation </B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px"><B>Summary Compensation Table </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">The table below summarizes all compensation awarded to, earned by, or paid to our executive officers by any person for all services rendered in all capacities to us for the fiscal period from our incorporation on February 20, 2007 to June 30, 2007 (our fiscal year end) and subsequent thereto to the date of this prospectus. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center>46</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin-top:0px; margin-bottom:12.2px; page-break-before:always"><BR></P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<P style="margin:0px"><BR></P>
<A NAME="page_27"></A><TABLE width="100%" cellspacing=0 style="font-size:10pt">
  <TR height=0 style="font-size:0"><TD width=94.933></TD><TD width=36.867></TD><TD width=65.867></TD><TD width=65.867></TD><TD width=65.867></TD><TD width=65.867></TD><TD width=88.267></TD><TD width=88.267></TD><TD width=88.267></TD><TD width=65.933></TD></TR>
<TR><TD style="background-color:#EEEEEE; border:3px double #000000" valign=bottom colspan=10><P style="margin:0px" align=center>&nbsp;&nbsp;&nbsp;<B>SUMMARY COMPENSATION TABLE</B>&nbsp;&nbsp;&nbsp; </P>
</TD></TR>
<TR><TD style="background-color:#EEEEEE; border-left:3px double #000000; border-right:3px double #000000; border-bottom:3px double #000000" valign=bottom width=94.933><P style="margin:0px"><B>Name</B> <B>and</B> <B>Principal</B> <B>Position</B> </P>
</TD><TD style="background-color:#EEEEEE; border-right:3px double #000000; border-bottom:3px double #000000" valign=bottom width=36.867><P style="margin:0px"><B>Year</B> </P>
</TD><TD style="background-color:#EEEEEE; border-right:3px double #000000; border-bottom:3px double #000000" valign=bottom width=65.867><P style="margin:0px" align=center><B>Salary</B> <BR>
<B>($)</B></P>
</TD><TD style="background-color:#EEEEEE; border-right:3px double #000000; border-bottom:3px double #000000" valign=bottom width=65.867><P style="margin:0px" align=center><B>Bonus</B> <BR>
<B>($)</B></P>
</TD><TD style="background-color:#EEEEEE; border-right:3px double #000000; border-bottom:3px double #000000" valign=bottom width=65.867><P style="margin:0px" align=center><B>Stock</B> <B>Awards</B> <BR>
<B>($)</B></P>
</TD><TD style="background-color:#EEEEEE; border-right:3px double #000000; border-bottom:3px double #000000" valign=bottom width=65.867><P style="margin:0px" align=center><B>Option</B> <BR>
<B>Awards</B> <BR>
<B>($)</B></P>
</TD><TD style="background-color:#EEEEEE; border-right:3px double #000000; border-bottom:3px double #000000" valign=bottom width=88.267><P style="margin:0px" align=center><B>Non-Equity</B> <B>Incentive</B> <B>Plan</B> <B>Compensation</B> <BR>
<B>($)</B></P>
</TD><TD style="background-color:#EEEEEE; border-right:3px double #000000; border-bottom:3px double #000000" valign=bottom width=88.267><P style="margin:0px" align=center><B>Change in</B> <B>Pension</B> <B>Value and</B> <B>Nonqualified</B> <B>Deferred</B> <B>Compensation</B> <B>Earnings</B> <BR>
<B>($)</B></P>
</TD><TD style="background-color:#EEEEEE; border-right:3px double #000000; border-bottom:3px double #000000" valign=bottom width=88.267><P style="margin:0px" align=center><B>All</B> <B>Other</B> <B>Compensation</B> <BR>
<B>($)</B></P>
</TD><TD style="background-color:#EEEEEE; border-right:3px double #000000; border-bottom:3px double #000000" valign=bottom width=65.933><P style="margin:0px" align=center><B>Total</B> <BR>
<B>($)</B></P>
</TD></TR>
<TR><TD style="border-left:3px double #000000; border-right:3px double #000000; border-bottom:3px double #000000" valign=top width=94.933><P style="margin:0px"><B>John Pulos</B> <BR>
President, CEO, <BR>
Secretary, Treasurer <BR>
and a director </P>
</TD><TD style="border-right:3px double #000000; border-bottom:3px double #000000" valign=top width=36.867><P style="margin:0px">2008</P>
<P style="margin:0px">2007 </P>
</TD><TD style="border-right:3px double #000000; border-bottom:3px double #000000" valign=top width=65.867><P style="margin:0px" align=center>None</P>
<P style="margin:0px" align=center>None</P>
</TD><TD style="border-right:3px double #000000; border-bottom:3px double #000000" valign=top width=65.867><P style="margin:0px" align=center>None</P>
<P style="margin:0px" align=center>None</P>
</TD><TD style="border-right:3px double #000000; border-bottom:3px double #000000" valign=top width=65.867><P style="margin:0px" align=center>None</P>
<P style="margin:0px" align=center>None</P>
</TD><TD style="border-right:3px double #000000; border-bottom:3px double #000000" valign=top width=65.867><P style="margin:0px" align=center>None</P>
<P style="margin:0px" align=center>None</P>
</TD><TD style="border-right:3px double #000000; border-bottom:3px double #000000" valign=top width=88.267><P style="margin:0px" align=center>None</P>
<P style="margin:0px" align=center>None</P>
</TD><TD style="border-right:3px double #000000; border-bottom:3px double #000000" valign=top width=88.267><P style="margin:0px" align=center>None</P>
<P style="margin:0px" align=center>None</P>
</TD><TD style="border-right:3px double #000000; border-bottom:3px double #000000" valign=top width=88.267><P style="margin:0px" align=center>None</P>
<P style="margin:0px" align=center>None</P>
</TD><TD style="border-right:3px double #000000; border-bottom:3px double #000000" valign=top width=65.933><P style="margin:0px" align=center>None</P>
<P style="margin:0px" align=center>None</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Stock Option Grants </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">We have not granted any stock options to the executive officers since our inception. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Consulting Agreements </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">We do not have any employment or consulting agreement with John Pulos. We do not pay him any amount for acting as a director.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center><B>Security Ownership Of Certain Beneficial Owners And Management </B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px">The following table provides the names and addresses of each person known to us to own more than 5% of our outstanding common stock as of the date of this prospectus, and by the officers and directors, individually and as a group. Except as otherwise indicated, all shares are owned directly. </P>
<P style="margin:0px"><BR></P>
<TABLE width="100%" cellspacing=0 style="font-size:10pt">
  <TR height=0 style="font-size:0"><TD width=180></TD><TD width=180></TD><TD width=180></TD><TD width=180></TD></TR>
<TR><TD valign=bottom width=180><P style="line-height:13.5pt; margin-top:0px; margin-bottom:11.133px">&nbsp;&nbsp;<B>Title of</B> <B>Class</B> </P>
</TD><TD valign=bottom width=180><P style="line-height:13.5pt; margin-top:0px; margin-bottom:11.133px"><B>Name and address</B> <B>of &nbsp;beneficial owner</B> </P>
</TD><TD valign=bottom width=180><P style="line-height:13.5pt; margin-top:0px; margin-bottom:11.133px" align=center><B>Amount of</B> <B>beneficial</B> <B>ownership</B> </P>
</TD><TD valign=bottom width=180><P style="line-height:13.5pt; margin-top:0px; margin-bottom:11.133px" align=center><B>Percent</B> <B>of class</B> </P>
</TD></TR>
<TR><TD width=180><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=180><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=180><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=180><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=180><P style="margin:0px"><B>Common</B> </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=180><P style="margin:0px">&nbsp;John Pulos </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=180><P style="margin:0px" align=center>3,000,000 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=180><P style="margin:0px" align=center>55.35% </P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=180><P style="margin:0px"><B>Stock</B> </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=180><P style="margin:0px">&nbsp;President, Chief </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=180><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=180><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=180><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=180><P style="margin:0px">&nbsp;Executive Officer, </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=180><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=180><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=180><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=180><P style="margin:0px">&nbsp;Secretary, Treasurer </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=180><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=180><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=180><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=180><P style="margin:0px">&nbsp;and Director </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=180><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=180><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=180><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=180><P style="margin:0px">&nbsp;605 Pacific Ave. </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=180><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=180><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=180><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=180><P style="margin:0px">&nbsp;Manhattan Beach, CA </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=180><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=180><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=180><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=180><P style="margin:0px">&nbsp;90266 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=180><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=180><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD width=180><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=180><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=180><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD width=180><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=180><P style="margin:0px"><B>Common</B> </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=180><P style="margin:0px">&nbsp;All Officers and Directors </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=180><P style="margin:0px" align=center>3,000,000 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=180><P style="margin:0px" align=center>55.35% </P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=180><P style="margin:0px"><B>Stock</B> </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=180><P style="margin:0px">&nbsp;as a group that consists of </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=180><P style="margin:0px" align=center>shares </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=180><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=180><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=180><P style="margin:0px">&nbsp;one person </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=180><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=180><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px">The percent of class is based on 5,420,000 shares of common stock issued and outstanding as of the date of this prospectus. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center><B>Certain Relationships And Related Transactions</B> </P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px">None of the following parties has, since our date of incorporation, had any material interest, direct or indirect, in any transaction with us </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center>47</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin-top:0px; margin-bottom:12.2px; page-break-before:always"><BR></P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<P style="margin:0px"><BR></P>
<A NAME="page_25"></A><P style="margin:0px">or in any presently proposed transaction that has or will materially affect us: </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-left:40.8px">* Any of our directors or officers; <BR>
* Any person proposed as a nominee for election as a director; <BR>
* Any person who beneficially owns, directly or indirectly, shares carrying more than 5% of the voting rights attached to our outstanding shares of common stock; <BR>
* Our sole promoter, John Pulos;<BR>
* Any relative or spouse of any of the foregoing persons who has the same house as such person; <BR>
* Immediate family members of directors, director nominees, executive officers and owners of 5% or more of our common stock. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center><B>Disclosure Of Commission Position Of Indemnification For <BR>
Securities Act Liabilities </B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px">Our directors and officers are indemnified as provided by the Nevada Revised Statutes and our Bylaws. We have been advised that in the opinion of the Securities and Exchange Commission indemnification for liabilities arising under the Securities Act is against public policy as expressed in the Securities Act, and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities is asserted by one of our directors, officers, or controlling persons in connection with the securities being registered, we will, unless in the opinion of our legal counsel the matter has been settled by controlling precedent, submit the question of whether such indemnification is against public policy to court of appropriate jurisdiction. We will then be governed by the court's decision. </P>
<P style="margin:0px"><BR></P>
<A NAME="page_18"></A><P style="margin:0px">Until 90 days from the date of this prospectus, all dealers that effect transactions in these securities whether or not participating in this offering, may be required to deliver a prospectus. This is in addition to the dealer's obligation to deliver a prospectus when acting as underwriters and with respect to their unsold allotments or subscriptions.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center>48</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center><BR>
<BR></P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin-top:0px; margin-bottom:12.2px; page-break-before:always"><BR></P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<P style="margin:0px" align=center><B>Part II </B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><B>Information Not Required In The Prospectus</B></P>
<P style="margin:0px" align=center><BR></P>
<A NAME="page_31"></A><P style="margin:0px"><B>Other Expenses Of Issuance And Distribution </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">The estimated costs of this offering are as follows: </P>
<P style="margin:0px"><BR></P>
<TABLE align="center" cellspacing=0 style="font-size:10pt">
  <TR height=0 style="font-size:0"><TD width=612></TD><TD width=7.2></TD><TD width=86.4></TD><TD width=14.4></TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=612><P style="margin:0px">Securities and Exchange Commission registration fee </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=7.2><P style="margin:0px" align="right">$</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=86.4><P style="margin:0px" align=right>&nbsp;12.95 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=14.4><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=612><P style="margin:0px">Transfer Agent Fees </P>
</TD><TD valign=top width=7.2><P style="margin:0px" align="right">$</P>
</TD><TD valign=top width=86.4><P style="margin:0px" align=right>&nbsp;3,000.00 </P>
</TD><TD valign=top width=14.4><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=612><P style="margin:0px">Accounting fees and expenses </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=7.2><P style="margin:0px" align="right">$</P>
</TD><TD style="background-color:#E6EFFF" valign=top width=86.4><P style="margin:0px" align=right>&nbsp;8,000.00 </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=14.4><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=612><P style="margin:0px">Legal fees and expenses </P>
</TD><TD valign=top width=7.2><P style="margin:0px" align="right">$</P>
</TD><TD valign=top width=86.4><P style="margin:0px" align=right>&nbsp;3,000.00 </P>
</TD><TD valign=top width=14.4><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=612><P style="margin:0px">Edgar filing fees </P>
</TD><TD style="background-color:#E6EFFF; border-bottom:1px solid #000000" valign=top width=7.2><P style="margin:0px" align="right">$</P>
</TD><TD style="background-color:#E6EFFF; border-bottom:1px solid #000000" valign=top width=86.4><P style="margin:0px" align=right>&nbsp;1,500.00 </P>
</TD><TD style="background-color:#E6EFFF; border-bottom:1px solid #000000" valign=top width=14.4><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD width=612><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=7.2><P style="margin:0px">&nbsp;</P>
</TD><TD width=86.4><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=14.4><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=612><P style="margin:0px">Total </P>
</TD><TD style="background-color:#E6EFFF; border-bottom:3px double #000000" valign=top width=7.2><P style="margin:0px" align="right">$</P>
</TD><TD style="background-color:#E6EFFF; border-bottom:3px double #000000" valign=top width=86.4><P style="margin:0px" align=right>&nbsp;15,512.95 </P>
</TD><TD style="background-color:#E6EFFF; border-bottom:3px double #000000" valign=top width=14.4><P style="margin:0px">&nbsp;</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px">All amounts are estimates other than the Commission's registration fee. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">We are paying all expenses of the offering listed above. No portion of these expenses will be borne by the selling shareholders. The selling shareholders, however, will pay any other expenses incurred in selling their common stock, including any brokerage commissions or costs of sale. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Indemnification Of Directors And Officers</B> </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Our officers and directors are indemnified as provided by the Nevada Revised Statutes and our bylaws. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Under the NRS, director immunity from liability to a company or its shareholders for monetary liabilities applies automatically unless it is specifically limited by a company's articles of incorporation that is not the case with our articles of incorporation. Excepted from that immunity are:</P>
<P style="margin:0px"><BR></P>
<TABLE width="100%" cellspacing=0 style="font-size:10pt">
  <TR height=0 style="font-size:0"><TD width=36></TD><TD width=36></TD><TD></TD></TR>
<TR><TD width=36><P style="margin:0px">&nbsp;</P>
</TD><TD valign=top width=36><P style="margin:0px">(1) </P>
</TD><TD><P style="margin:0px">a willful failure to deal fairly with the company or its shareholders in connection with a matter in which the director has a material conflict of interest;</P>
</TD></TR>
<TR><TD width=36><P>&nbsp;</P></TD><TD valign=top width=36><P>&nbsp;</P></TD><TD><P>&nbsp;</P></TD><A NAME="page_30"></A></TR>
<TR><TD width=36><P style="margin:0px">&nbsp;</P>
</TD><TD valign=top width=36><P style="margin:0px">(2) </P>
</TD><TD><P style="margin:0px">a violation of criminal law (unless the director had reasonable cause to believe that his or her conduct was lawful or no reasonable cause to believe that his or her conduct was unlawful);</P>
</TD></TR>
<TR><TD width=36><P style="margin:0px">&nbsp;</P>
</TD><TD valign=top width=36><P style="margin:0px">&nbsp;</P>
</TD><TD><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD width=36><P style="margin:0px">&nbsp;</P>
</TD><TD valign=top width=36><P style="margin:0px">(3)</P>
</TD><TD><P style="margin:0px">a transaction from which the director derived an improper personal profit; and </P>
</TD></TR>
<TR><TD width=36><P style="margin:0px">&nbsp;</P>
</TD><TD valign=top width=36><P style="margin:0px">&nbsp;</P>
</TD><TD><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD width=36><P style="margin:0px">&nbsp;</P>
</TD><TD valign=top width=36><P style="margin:0px">(4) </P>
</TD><TD><P style="margin:0px">willful misconduct. </P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Our bylaws provide that we will indemnify our directors and officers to the fullest extent not prohibited by Nevada law; provided, however, that we may modify the extent of such indemnification by individual contracts with our directors and officers; and, provided, further, that we shall not be required to indemnify any director or officer in connection with any proceeding (or part thereof) initiated by such person unless:</P>
<P style="margin:0px"><BR></P>
<TABLE width="100%" cellspacing=0 style="font-size:10pt">
  <TR height=0 style="font-size:0"><TD width=36></TD><TD width=36></TD><TD></TD></TR>
<TR><TD width=36><P style="margin:0px">&nbsp;</P>
</TD><TD valign=top width=36><P style="margin:0px">(1) </P>
</TD><TD><P style="margin:0px">such indemnification is expressly required to be made by law;</P>
</TD></TR>
<TR><TD width=36><P style="margin:0px">&nbsp;</P>
</TD><TD width=36><P style="margin:0px">&nbsp;</P>
</TD><TD><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD width=36><P style="margin:0px">&nbsp;</P>
</TD><TD valign=top width=36><P style="margin:0px">(2) </P>
</TD><TD><P style="margin:0px">the proceeding was authorized by our Board of Directors;</P>
</TD></TR>
<TR><TD width=36><P style="margin:0px">&nbsp;</P>
</TD><TD width=36><P style="margin:0px">&nbsp;</P>
</TD><TD><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD width=36><P style="margin:0px">&nbsp;</P>
</TD><TD valign=top width=36><P style="margin:0px">(3) </P>
</TD><TD><P style="margin:0px">such indemnification is provided by us, in our sole discretion, pursuant to the powers vested us under Nevada law; or</P>
</TD></TR>
<TR><TD width=36><P style="margin:0px">&nbsp;</P>
</TD><TD width=36><P style="margin:0px">&nbsp;</P>
</TD><TD><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD width=36><P style="margin:0px">&nbsp;</P>
</TD><TD valign=top width=36><P style="margin:0px">(4) </P>
</TD><TD><P style="margin:0px">such indemnification is required to be made pursuant to the bylaws.</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Our bylaws provide that we will advance all expenses incurred to any person who was or is a party or is threatened to be made a party </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center>49</P>
<P style="margin:0px"><BR>
<BR></P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin-top:0px; margin-bottom:12.2px; page-break-before:always"><BR></P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative, by reason of the fact that he is or was our director or officer, or is or was serving at our request as a director or executive officer of another company, partnership, joint venture, trust or other enterprise, prior to the final disposition of the proceeding, promptly following request. This advanced of expenses is to be made upon receipt of an undertaking by or on behalf of such person to repay said amounts should it be ultimately determined that the person was not entitled to be indemnified under our bylaws or otherwise. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Our bylaws also provide that no advance shall be made by us to any officer in any action, suit or proceeding, whether civil, criminal, administrative or investigative, if a determination is reasonably and promptly made: (a) by the board of directors by a majority vote of a quorum consisting of directors who were not parties to the proceeding; or (b) if such quorum is not obtainable, or, even if obtainable, a quorum of disinterested directors so directs, by independent legal counsel in a written opinion, that the facts known to the decision- making party at the time such determination is made demonstrate clearly and convincingly that such person acted in bad faith or in a manner that such person did not believe to be in or not opposed to our best interests. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Recent Sales Of Unregistered Securities </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">We issued 3,000,000 shares of our common stock to John Pulos on April 13, 2007. Mr. Pulos is our president, chief executive officer, treasurer, secretary and a director. He acquired these 3,000,000 shares at a price of $0.001 per share for total proceeds to us of $3,000.00. These shares were issued pursuant to Section 4(2) of the Securities Act of 1933 (the &quot;Securities Act&quot;). </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">In connection with this issuance, Mr. Pulos was provided with access to all material aspects of the company, including the business, management, offering details, risk factors and financial statements.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">He also represented to us that they were each acquiring the shares as principal for his own account with investment intent. He also represented that he was sophisticated, having prior investment experience and having adequate and reasonable opportunity and access to any corporate information necessary to make an informed decision. This issuance of securities was not accompanied by general advertisement or general solicitation. The shares were issued with a Rule 144 restrictive legend. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">We completed an offering of 1,000,000 shares of our common stock at a price of $0.001 per share to the following four purchasers on April 14, 2007: </P>
<P style="margin:0px"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=288></TD><TD width=288></TD></TR>
<TR><TD valign=top width=288><P style="margin:0px"><U>Name of Subscriber</U> </P>
</TD><TD valign=top width=288><P style="margin:0px" align=center><U>Number of Shares</U> </P>
</TD></TR>
<TR><TD width=288><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=288><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=288><P style="margin:0px">Marine Markin </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=288><P style="margin:0px" align=center>250,000 </P>
</TD></TR>
<TR><TD valign=top width=288><P style="margin:0px">Blair Sorby </P>
</TD><TD valign=top width=288><P style="margin:0px" align=center>250,000 </P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=288><P style="margin:0px">Tiffeni Aliece Graves </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=288><P style="margin:0px" align=center>250,000 </P>
</TD></TR>
<TR><TD valign=top width=288><P style="margin:0px">Xavier Franco </P>
</TD><TD valign=top width=288><P style="margin:0px" align=center>250,000 </P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px">The total amount received from this offering was $1,000. We completed this offering pursuant to Regulation D of the Securities Act. </P>
<A NAME="page_32"></A><P style="margin:0px">We completed an offering of 1,000,000 shares of our common stock at a price of $0.01 per share to the following 10 purchasers on April 18, 2007: </P>
<P style="margin:0px"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=288></TD><TD width=288></TD></TR>
<TR><TD valign=top width=288><P style="margin:0px"><U>Name of Subscriber</U> </P>
</TD><TD valign=top width=288><P style="margin:0px" align=center><U>Number of Shares</U> </P>
</TD></TR>
<TR><TD width=288><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=288><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=288><P style="margin:0px">John H. Schweitzer </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=288><P style="margin:0px" align=center>100,000 </P>
</TD></TR>
<TR><TD valign=top width=288><P style="margin:0px">Joey D. Ball </P>
</TD><TD valign=top width=288><P style="margin:0px" align=center>100,000 </P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=288><P style="margin:0px">Courtney Kramer </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=288><P style="margin:0px" align=center>100,000 </P>
</TD></TR>
<TR><TD valign=top width=288><P style="margin:0px">Eric Heldwein </P>
</TD><TD valign=top width=288><P style="margin:0px" align=center>100,000 </P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=288><P style="margin:0px">Steven W. Woods </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=288><P style="margin:0px" align=center>100,000 </P>
</TD></TR>
<TR><TD valign=top width=288><P style="margin:0px">John Scasino </P>
</TD><TD valign=top width=288><P style="margin:0px" align=center>100,000 </P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=288><P style="margin:0px">Joseph W. Glennanthony </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=288><P style="margin:0px" align=center>100,000 </P>
</TD></TR>
<TR><TD valign=top width=288><P style="margin:0px">Julie McDonald </P>
</TD><TD valign=top width=288><P style="margin:0px" align=center>100,000 </P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=288><P style="margin:0px">Maryon Yip </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=288><P style="margin:0px" align=center>100,000 </P>
</TD></TR>
<TR><TD valign=top width=288><P style="margin:0px">Thomas Taubman </P>
</TD><TD valign=top width=288><P style="margin:0px" align=center>100,000 </P>
</TD></TR>
</TABLE>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center>50</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin-top:0px; margin-bottom:12.2px; page-break-before:always"><BR></P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<P style="margin:0px">The total amount received from this offering was $10,000. We completed this offering pursuant to Regulation D of the Securities Act. </P>
<P style="margin:0px">We completed an offering of 420,000 shares of our common stock at a price of $0.05 per share to the following 14 purchasers on May 24, 2007: </P>
<P style="margin:0px"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=288></TD><TD width=288></TD></TR>
<TR><TD valign=top width=288><P style="margin:0px"><U>Name of Subscriber</U> </P>
</TD><TD valign=top width=288><P style="margin:0px" align=center><U>Number of Shares</U> </P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=288><P style="margin:0px">Edward R. Landy </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=288><P style="margin:0px" align=center>30,000 </P>
</TD></TR>
<TR><TD valign=top width=288><P style="margin:0px">Kirk Strassman </P>
</TD><TD valign=top width=288><P style="margin:0px" align=center>30,000 </P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=288><P style="margin:0px">Robin Landy </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=288><P style="margin:0px" align=center>30,000 </P>
</TD></TR>
<TR><TD valign=top width=288><P style="margin:0px">Kristin Wall </P>
</TD><TD valign=top width=288><P style="margin:0px" align=center>30,000 </P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=288><P style="margin:0px">Jason Wall </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=288><P style="margin:0px" align=center>30,000 </P>
</TD></TR>
<TR><TD valign=top width=288><P style="margin:0px">Cynthia Reis </P>
</TD><TD valign=top width=288><P style="margin:0px" align=center>30,000 </P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=288><P style="margin:0px">Dominic M. Reis </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=288><P style="margin:0px" align=center>30,000 </P>
</TD></TR>
<TR><TD valign=top width=288><P style="margin:0px">Collen White </P>
</TD><TD valign=top width=288><P style="margin:0px" align=center>30,000 </P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=288><P style="margin:0px">Stephen Coles </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=288><P style="margin:0px" align=center>30,000 </P>
</TD></TR>
<TR><TD valign=top width=288><P style="margin:0px">Aaron M. Coles </P>
</TD><TD valign=top width=288><P style="margin:0px" align=center>30,000 </P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=288><P style="margin:0px">Ryan Mallen </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=288><P style="margin:0px" align=center>30,000 </P>
</TD></TR>
<TR><TD valign=top width=288><P style="margin:0px">Ernesto Barragan </P>
</TD><TD valign=top width=288><P style="margin:0px" align=center>30,000 </P>
</TD></TR>
<TR><TD style="background-color:#E6EFFF" valign=top width=288><P style="margin:0px">Tonya Christianson </P>
</TD><TD style="background-color:#E6EFFF" valign=top width=288><P style="margin:0px" align=center>30,000 </P>
</TD></TR>
<TR><TD valign=top width=288><P style="margin:0px">Matthew Moldin </P>
</TD><TD valign=top width=288><P style="margin:0px" align=center>30,000 </P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px">The total amount received from this offering was $21,000. We completed this offering pursuant to Regulation D of the Securities Act. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Regulation D and Rule 504 Compliance </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">All sales of securities pursuant to Regulation D were part of the same offering. No sales of securities were made more than six months before the start of the Regulation D offerings or made more than six months after completion of the Regulation D offerings. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">We did not, nor did any person acting on our behalf, offer or sell the securities by any form of general solicitation or general advertising. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Pursuant to the limitations on resale contained in Regulation D, we exercised reasonable care to assure that purchasers were not underwriters within the meaning of section 2(11) of the Act by inquiring of each and every purchaser the following: (1) that each purchaser was purchasing the securities for the purchaser's own account <A NAME="page_33"></A>for investment purposes and not with a view towards distribution, and (2) that each purchaser had no arrangement or intention to sell the securities. Further, written disclosure was provided to each purchaser prior to the sale that the securities have not been registered under the Act and, therefore, cannot be resold unless the securities are registered under the Act or unless an exemption from registration is available. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">All securities sold pursuant to Regulation D contained a restrictive legend on the share certificate stating that the securities have not been registered under the Act and setting forth or referring to the restrictions on transferability and sale of the securities. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Exhibits </P>
<P style="margin:0px"><BR></P>
<TABLE width="100%" cellspacing=0 style="font-size:10pt">
  <TR height=0 style="font-size:0"><TD width=72></TD><TD width=72></TD><TD width=576></TD></TR>
<TR><TD valign=top width=72><P style="margin:0px" align=center>Exhibit </P>
</TD><TD valign=top width=72><P style="margin:0px">&nbsp;</P>
</TD><TD valign=top width=576><P style="margin:0px">&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=72><P style="margin:0px" align=center>Number </P>
</TD><TD valign=top width=72><P style="margin:0px">&nbsp;</P>
</TD><TD valign=top width=576><P style="margin:0px">Description </P>
</TD></TR>
<TR><TD width=72><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD width=72><P style="margin:0px">&nbsp;</P>
</TD><TD width=576><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#EEEEEE" valign=top width=72><P style="margin:0px; color:#0000FF" align=right><a href="exhibit31.htm"><U>3.1</U> </a></P>
</TD><TD style="background-color:#EEEEEE" valign=top width=72><P style="margin:0px"><a href="exhibit31.htm"></a></P>
</TD><TD style="background-color:#EEEEEE" valign=top width=576><P style="margin:0px; color:#0000FF"><a href="exhibit31.htm"><U>Articles of Incorporation </U></a></P>
</TD></TR>
<TR><TD valign=top width=72><P style="margin:0px; color:#0000FF" align=right><a href="exhibit32.htm"><U>3.2</U> </a></P>
</TD><TD valign=top width=72><P style="margin:0px"><a href="exhibit32.htm"></a></P>
</TD><TD valign=top width=576><P style="margin:0px; color:#0000FF"><a href="exhibit32.htm"><U>By-Laws </U></a></P>
</TD></TR>
<TR><TD style="background-color:#EEEEEE" valign=top width=72><P style="margin:0px; color:#0000FF" align=right><a href="exhibit51.htm"><U>5.1</U> </a></P>
</TD><TD style="background-color:#EEEEEE" valign=top width=72><P><a href="exhibit51.htm"></a></P></TD><TD style="background-color:#EEEEEE" valign=top width=576><P style="margin:0px; color:#0000FF"><a href="exhibit51.htm"><U>Legal opinion of Siegel, Lipman, Dunay, Shepard &amp; Miskel LLP, with consent to use </U></a></P>
</TD></TR>
<TR><TD valign=top width=72><P style="margin:0px; color:#0000FF" align=right><a href="exhibit101.htm"><U>10.1</U> </a></P>
</TD><TD valign=top width=72><P style="margin:0px"><a href="exhibit101.htm"></a></P>
</TD><TD valign=top width=576><P style="margin:0px; color:#0000FF"><a href="exhibit101.htm"><U>Mineral Property Purchase Agreement </U></a></P>
</TD></TR>
<TR><TD style="background-color:#EEEEEE" valign=top width=72><P style="margin:0px; color:#0000FF" align=right><a href="exhibit231.htm"><U>23.1</U> </a></P>
</TD><TD style="background-color:#EEEEEE" valign=top width=72><P style="margin:0px"><a href="exhibit231.htm"></a></P>
</TD><TD style="background-color:#EEEEEE" valign=top width=576><P style="margin:0px; color:#0000FF"><a href="exhibit231.htm"><U>Consent of Chisholm Bierwolf &amp; Nilson, CPA&#146;s </U></a></P>
</TD></TR>
<TR><TD valign=top width=72><P style="margin:0px; color:#0000FF" align=right><a href="exhibit991.htm"><U>99.1 </U></a></P>
</TD><TD valign=top width=72><P style="margin:0px"><a href="exhibit991.htm"></a></P>
</TD><TD valign=top width=576><P style="margin:0px; color:#0000FF"><a href="exhibit991.htm"><U>Zone Lode claim Location Map </U></a></P>
</TD></TR>
</TABLE>
<P style="margin:0px" align=center>51</P>
<P style="margin:0px"><BR>
<BR></P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin-top:0px; margin-bottom:12.2px; page-break-before:always"><BR></P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>The undersigned registrant hereby undertakes: </B></P>
<P style="margin:0px"><BR></P>
<TABLE width="100%" cellspacing=0 style="font-size:10pt">
  <TR height=0 style="font-size:0"><TD width=5%></TD>
  <TD width=5%></TD>
  <TD></TD></TR>
<TR><TD valign=top width=5%><P style="margin:0px">1. </P>
</TD><TD colspan=2><P style="margin:0px">To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:</P>
</TD></TR>
<TR><TD width=5%><P style="margin:0px">&nbsp;</P>
</TD><TD width=5%><P style="margin:0px">&nbsp;</P>
</TD><TD><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD width=5%><P>&nbsp;</P></TD><TD valign=top width=5%><P style="margin:0px">(a) </P>
</TD><TD><P style="margin:0px">To include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;</P>
</TD></TR>
<TR><TD width=5%><P style="margin:0px">&nbsp;</P>
</TD><TD width=5%><P style="margin:0px">&nbsp;</P>
</TD><TD><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD width=5%><P>&nbsp;</P></TD><TD valign=top width=5%><P style="margin:0px">(b) </P>
</TD><TD><P style="margin:0px">To reflect in the prospectus any facts or events arising after the effective date of this registration statement, or most recent post-effective amendment, which, individually or in the aggregate, represent a fundamental change in the information set forth in this registration statement; Notwithstanding the forgoing, any increase or decrease in Volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the commission pursuant to Rule 424(b)if, in the aggregate, the changes in the volume and price represent no more than 20% change in the maximum aggregate offering price set forth in the &#147;Calculation of Registration Fee&#148; table in the effective registration statement.</P>
</TD></TR>
<TR><TD width=5%><P style="margin:0px">&nbsp;</P>
</TD><TD width=5%><P style="margin:0px">&nbsp;</P>
</TD><TD><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD width=5%><P>&nbsp;</P></TD><TD valign=top width=5%><P style="margin:0px">(c) </P>
</TD><TD><P style="margin:0px">To include any material information with respect to the plan of distribution not previously disclosed in this registration statement or any material change to such information in the registration statement.</P>
</TD></TR>
<TR><TD width=5%><P style="margin:0px">&nbsp;</P>
</TD><TD width=5%><P style="margin:0px">&nbsp;</P>
</TD><TD><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=5%><P style="margin:0px">2. </P>
</TD><TD colspan=2><P style="margin:0px">That, for the purpose of determining any liability under the</P>
</TD><A NAME="page_34"></A></TR>
<TR><TD width=5%><P>&nbsp;</P></TD><TD colspan=2><P style="margin:0px">Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered herein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.</P>
</TD></TR>
<TR><TD width=5%><P style="margin:0px">&nbsp;</P>
</TD><TD colspan=2><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=5%><P style="margin:0px">3. </P>
</TD><TD colspan=2><P style="margin:0px">To remove from registration by means of a post-effective amendment any of the securities being registered hereby which remain unsold at the termination of the offering.</P>
</TD></TR>
<TR><TD width=5%><P style="margin:0px">&nbsp;</P>
</TD><TD colspan=2><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=5%><P style="margin:0px">4. </P>
</TD><TD colspan=2><P style="margin:0px">Insofar as indemnification for liabilities arising under the Securities Act may be permitted to officers, directors, and controlling persons pursuant to the provisions above, or otherwise, we have been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act, and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities is asserted our director, officer, or other controlling person in connection with the securities registered, we will, unless in the opinion of our legal counsel the matter has been settled by controlling precedent, submit the question of whether such indemnification is against public policy to a court of appropriate jurisdiction. We will then be governed by the final adjudication of such issue.</P>
</TD></TR>
<TR><TD width=5%><P style="margin:0px">&nbsp;</P>
</TD><TD colspan=2><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=5%><P style="margin:0px">5. </P>
</TD><TD colspan=2><P style="margin:0px">Each prospectus filed pursuant to Rule 424(b) as part of a Registration statement relating to an offering, other than registration statements relying on Rule 430(B) or other than prospectuses filed in reliance on Rule 430A, shall be deemed to be part of and included in the registration statement as of the date it is first used after effectiveness. Provided; however, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by referenced into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such first use, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such date of first use.</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Insofar as indemnification for liabilities arising under the Securities Act may be permitted to our directors, officers and controlling persons pursuant to the provisions above, or otherwise, we have been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act, and is, therefore, unenforceable. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">In the event that a claim for indemnification against such liabilities, other than the payment by us of expenses incurred or paid by one of our directors, officers, or controlling persons in the successful defense of any action, suit or proceeding, is asserted by one of our directors, officers, or controlling person sin connection with the securities being registered, we will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification is against public policy as expressed in the Securities Act, and we will be governed by the final adjudication of such issue. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center>52</P>
<P style="margin:0px"><BR></P>
<A NAME="page_35"></A><P style="margin:0px" align=center><BR>
<BR></P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin-top:0px; margin-bottom:12.2px; page-break-before:always"><BR></P>
<P style="margin-top:0px; margin-bottom:12.2px"><BR></P>
<P style="margin:0px" align=center><B>Signatures</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px">Pursuant to the requirements of the Securities Act of 1933, the registrant has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized in the City of Mahattan Beach, State of California, on April 1, 2008.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-left:408px"><B>Lincoln Mining Corp. </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0><TR height=0 style="font-size:0"><TD width=363></TD><TD width=363></TD></TR>
<TR><TD valign=top width=363><P>&nbsp;</P></TD><TD valign=top width=363><P style="margin:0px; "><U>By:/s/ John Pulos&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> <BR>
John Pulos <BR>
President, Chief Executive Officer, <BR>
Secretary, Treasurer, principal <BR>
accounting officer, principal <BR>
financial officer and Director </P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates stated.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<TABLE align="center" cellspacing=0 style="font-size:10pt">
  <TR height=0 style="font-size:0"><TD width=216></TD><TD width=288></TD><TD width=216></TD></TR>
<TR><TD valign=top width=216><P style="margin:0px"><B>SIGNATURE</B> </P>
</TD><TD valign=top width=288><P style="margin:0px"><B>CAPACITY IN WHICH SIGNED</B> </P>
</TD><TD valign=top width=216><P style="margin:0px" align=center><B>DATE</B> </P>
</TD></TR>
<TR><TD width=216><P style="margin:0px">&nbsp;</P>
</TD><TD width=288><P style="margin:0px">&nbsp;</P>
</TD><TD width=216><P style="margin:0px" align=center>&nbsp;</P>
</TD></TR>
<TR><TD style="border-bottom:1px solid #000000" valign=top width=216><P style="margin:0px">/s/ John Pulos </P>
</TD><TD valign=top width=288><P style="margin:0px">&nbsp;&nbsp;&nbsp;President, Chief Executive </P>
</TD><TD valign=top width=216><P style="margin:0px" align=center>April 1, 2008 </P>
</TD></TR>
<TR><TD valign=top width=216><P>&nbsp;</P></TD><TD valign=top width=288><P style="margin:0px">&nbsp;&nbsp;&nbsp;Officer, Secretary, Treasurer, </P>
</TD><TD valign=top width=216><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=216><P style="margin:0px">John Pulos </P>
</TD><TD valign=top width=288><P style="margin:0px">&nbsp;&nbsp;&nbsp;principal accounting officer, </P>
</TD><TD valign=top width=216><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=216><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD valign=top width=288><P style="margin:0px">&nbsp;&nbsp;&nbsp;principal financial officer </P>
</TD><TD valign=top width=216><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=216><P style="margin:0px">&nbsp;&nbsp;</P>
</TD><TD valign=top width=288><P style="margin:0px">&nbsp;&nbsp;&nbsp;and Director </P>
</TD><TD valign=top width=216><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center>53</P>
<P style="margin:0px"><BR></P>
<hr noshade size="3">
<P style="margin:0px">&nbsp;</P>
</BODY>
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{"company-data": {"conformed-name": "Lincoln Mining Corp", "cik": "0001407583", "assigned-sic": "1000", "irs-number": "000000000", "state-of-incorporation": "nv"}, "filing-values": {"form-type": "S-1", "act": "33", "file-number": "333-150028", "film-number": "08730246"}, "business-address": {"street1": "605 PACIFIC AVENUE", "city": "MANHATTAN BEACH", "state": "CA", "zip": "90266", "phone": "323-449-2180"}, "mail-address": {"street1": "605 PACIFIC AVENUE", "city": "MANHATTAN BEACH", "state": "CA", "zip": "90266"}}
Filed by EDF Electronic Data Filing Inc. (604) 879-9956 - Lincoln Mining - Form S-1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-1
SEC File #: 333-148648
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
LINCOLN MINING CORP.
(Exact name of registrant as specified in its charter)
Nevada
1000
32-0196442
(State or jurisdiction of incorporation
or organization)
Primary Standard Industrial
Classification Code Number
IRS Employer
Identification Number
Lincoln Mining Corp.
605 Pacific Avenue
Manhattan Beach, CA, 90266
Telephone: 323-449-2180
(Address and telephone number of principal executive offices)
Val-U-Corp Services, Inc.
1802 North Carson Street, Suite 202
Carson City, Nevada 89701
Telephone: 1-800-555-9141
(Name, address and telephone number of agent for service)
Approximate date of proposed sale to the public:
as soon as practicable after the effective date of this Registration Statement.
If any of the securities being registered on this Form are to be offered on a delayed  or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the following box  |X|
If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. |__|
If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. |__|
If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. |__|
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 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)
1
CALCULATION OF REGISTRATION FEE
TITLE OF EACH
CLASS OF
SECURITIES
TO BE
REGISTERED
AMOUNT TO BE REGISTERED
PROPOSED
MAXIMUM
OFFERING
PRICE PER
UNIT (1)
PROPOSED
MAXIMUM
AGGREGATE
OFFERING
PRICE (2)
AMOUNT OF
REGISTRATION
FEE (2)
Common Stock
$121,000
$0.05 per share
$121,000
$12.95
(1)
Based on the last sales price on May 24, 2007
(2)
Estimated solely for the purpose of calculating the registration fee in accordance with Rule 457 under the Securities Act.
THE REGISTRANT HEREBY AMENDS THIS REGISTRATION STATEMENT ON SUCH DATE OR DATES AS MAY BE NECESSARY TO DELAY ITS EFFECTIVE DATE UNTIL THE REGISTRANT SHALL FILE A FURTHER AMENDMENT WHICH SPECIFICALLY STATES THAT THIS REGISTRATION STATEMENT SHALL THEREAFTER BECOME EFFECTIVE IN ACCORDANCE WITH SECTION 8(a) OF THE SECURITIES ACT OF 1933 OR UNTIL THE REGISTRATION STATEMENT SHALL BECOME EFFECTIVE ON SUCH DATE AS THE COMMISSION, ACTING PURSUANT TO SECTION 8(a), MAY DETERMINE.
SUBJECT TO COMPLETION, Dated April 1, 2008
2
PROSPECTUS
Lincoln Mining Corp.
2,420,000 SHARES
COMMON STOCK
The selling shareholders named in this prospectus are offering all of the shares of common stock offered through this prospectus for a period of up to two years from the effective date.
Our common stock is presently not traded on any market or securities exchange.
----------------
THE PURCHASE OF THE SECURITIES OFFERED THROUGH THIS PROSPECTUS INVOLVES A HIGH DEGREE OF RISK.
See section entitled "Risk Factors" on pages 6 - 10.
The information in this prospectus is not complete and may be changed. We may not sell these securities until the registration statement filed with the Securities and Exchange Commission is effective. This prospectus is not an offer to sell these securities and it is not soliciting an offer to buy these securities in any state where the offer or sale is not permitted
.
The selling shareholders will sell our shares at $0.05 per share until our shares are quoted on the OTC Bulletin Board, and thereafter at prevailing market prices or privately negotiated prices. We determined this offering price based upon the price of the last sale of our common stock to investors. There is no assurance of when, if ever, our stock will be listed on an exchange.
Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or passed upon the adequacy or accuracy of this prospectus. Any representation to the contrary is a criminal offense.
----------------
The Date Of This Prospectus Is: April 1, 2008
3
Table Of Contents
PAGE
Summary
5
Risk Factors
6
-
If we do not obtain additional financing, our business
will fail
6
-
Because we have not commenced business operations, we face
a high risk of business failure
7
-
Because of the speculative nature of exploration of mining
properties, there is substantial risk that our business
will fail
7
-
Because of the inherent dangers involved in mineral
exploration, there is a risk that we may incur liability or
damages as we conduct our business
8
-
We need to continue as a going concern if our business is
to succeed
8
-
Because our director owns 55.35% of our outstanding stock,
he could control and make corporate decisions that may be
disadvantageous to minority stockholders
9
-
Because management has no technical experience in mineral
exploration, our business has a higher risk of failure
9
-
Because our director has other business interests, he
may not be able or willing to devote a sufficient amount of
time to our business operations, causing our business to
fail
9
-
If a market for our common stock does not develop,
shareholders may be unable to sell their shares
9
-
A purchaser is purchasing penny stock which limits the
sell the ability to stock
9
Forward-Looking Statements
10
Use of Proceeds
10
Determination of Offering Price
10
Dilution
10
Selling Shareholders
10
Plan of Distribution
15
Legal Proceedings
17
Directors, Executive Officers, Promoters and Control Persons
17
Security Ownership of Certain Beneficial Owners and Management
18
Description of Securities
19
Interest of Named Experts and Counsel
20
Disclosure of Commission Position of Indemnification for
Securities Act Liabilities
21
Organization Within Last Five Years
21
Description of Business
21
Plan of Operations
27
Description of Property
29
Certain Relationships and Related Transactions
29
Market for Common Equity and Related Stockholder Matters
29
Executive Compensation
31
Financial Statements
31
Changes in and Disagreements with Accountants
56
Available Information
56
4
Summary
Prospective investors are urged to read this prospectus in its entirety.
We intend to commence operations in the business of mineral property exploration. To date, we have not conducted any exploration on our sole mineral property, the Zone Lode mining claim located in Elko County, Nevada. On May 24, 2007, we purchased this claim from Terry Loney for $10,000.
Our objective is to conduct mineral exploration activities on the Zone Lode claim in order to assess whether it possesses economic reserves of copper, gold, silver, molybdenum and zinc. We have not yet identified any economic mineralization on the property. Our proposed exploration program is designed to search for an economic mineral deposit.
We were incorporated on February 20, 2007 under the laws of the state of Nevada. Our principal offices are located at 605 Pacific Avenue, Manhattan Beach, CA, 90266. Our telephone number is 323-449-2180.
The Offering
:
Securities Being Offered
Up to 2,420,000 shares of common stock.
Offering Price
The selling shareholders will sell our shares at $0.05 per share until our shares are quoted on the OTC Bulletin Board, and thereafter at prevailing market prices or privately negotiated prices. We determined this offering price based upon the price of the last sale of our common stock to investors.
Terms of the Offering
The selling shareholders will determine when and how they will sell the common stock offered in this prospectus.
Termination of the Offering
The offering will conclude when all of the 2,420,000 shares of common stock have been sold, the shares no longer need to be registered to be sold due to the operation of Rule 144(k) or we decide at any time to terminate the registration of the shares at our sole discretion. In any event, the offering shall be terminated no later than two years from the effective date of this registration statement.
Securities Issued
And to be Issued
2,420,000 shares of our common stock are issued and outstanding as of the date of this prospectus. All of the common stock to be sold under this prospectus will be sold by existing shareholders.
Use of Proceeds
We will not receive any proceeds from the sale of the common stock by the selling shareholders.
5
Summary Financial Information
Balance Sheet
June 30, 2007
December 31, 2007
(audited)
(unaudited)
Cash
$23,721
$18,040
Total Assets
$33,972
$28,040
Liabilities
$ 100
$ 3,301
Total Stockholders' Equity
$33,872
$24,739
Statement of Operations
From Incorporation on
February 20, 2007 to December 31, 2007
(audited)
Revenue
$
0
Net Loss
$
(10,261
)
Risk Factors
An investment in our common stock involves a high degree of risk. You should carefully consider the risks described below and the other information in this prospectus before investing in our common stock. If any of the following risks occur, our business, operating results and financial condition could be seriously harmed. The trading price of our common stock could decline due to any of these risks, and you may lose all or part of your investment.
IF WE DO NOT OBTAIN ADDITIONAL FINANCING, WE WILL NOT BE ABLE TO COMPLETE PLANNED EXPLORATION ON THE ZONE LODE CLAIM OR GENERATE REVENUE.
Our current operating funds are less than necessary to complete all intended exploration of the Zone Lode claim, and therefore we will need to obtain additional financing in order to complete our business plan. We currently do not have any operations and we have no income.
Our business plan calls for significant expenses in connection with the exploration of the Zone Lode claim. While we have sufficient funds to conduct initial exploration on the property, we will require additional financing in order to determine whether the property contains economic mineralization. We will also require additional financing if the costs of exploration of the Zone Lode claim are greater than anticipated.
We will require additional financing to sustain our business operations if we are not successful in earning revenues once exploration is complete. We do not currently have any arrangements for financing and we can provide no assurance to investors that we will be able to find such financing if required. Obtaining additional financing would be subject to a number of factors, including the market prices for copper, gold, silver, molybdenum and zinc, investor acceptance of our property and general market conditions. These factors may make the timing, amount, terms or conditions of additional financing unavailable to us.
The most likely source of future funds presently available to us is through the sale of equity capital. Any sale of share capital will result in dilution to existing shareholders. The only other anticipated alternative for the financing of further exploration would be our sale of a partial interest in the Zone Lode claim to a third party in exchange for cash or exploration expenditures, which is not presently contemplated.
6
BECAUSE WE HAVE NOT COMMENCED BUSINESS OPERATIONS, WE FACE A HIGH RISK OF BUSINESS FAILURE.
We have not yet commenced exploration on the Zone Lode claim. Accordingly, we have no way to evaluate the likelihood that our business will be successful. We were incorporated on February 20, 2007 and, to date, we have been involved primarily in organizational activities and the acquisition of our mineral property. We have not earned any revenues as of the date of this prospectus. Potential investors should be aware of the difficulties normally encountered by new mineral exploration companies and the high rate of failure of such enterprises. The likelihood of success must be considered in light of the problems, expenses, difficulties, complications and delays encountered in connection with the exploration of the mineral properties that we plan to undertake. These potential problems include, but are not limited to, unanticipated problems relating to exploration, and additional costs and expenses that may exceed current estimates.
Prior to completion of our exploration stage, we anticipate that we will incur increased operating expenses without realizing any revenues. We therefore expect to incur significant losses into the foreseeable future. We recognize that if we are unable to generate significant revenues from development of the Zone Lode claim and the production of minerals from the claims, we will not be able to earn profits or continue operations.
There is no history upon which to base any assumption as to the likelihood that we will prove successful, and we can provide investors with no assurance that we will generate any operating revenues or ever achieve profitable operations. If we are unsuccessful in addressing these risks, our business will most likely fail.
BECAUSE OF THE SPECULATIVE NATURE OF EXPLORATION OF MINING PROPERTIES, IT IS UNLIKELY THAT WE WILL DISCOVER A MINERAL DEPOSIT ON THE BA CLAIMS.
The search for valuable minerals as a business is extremely risky. We cannot provide investors with any assurance that our mineral claims contain economic mineralization or reserves of copper, gold, silver, molybdenum and zinc. Exploration for minerals is a speculative venture necessarily involving substantial risk. Problems such as unusual or unexpected formations and other conditions are involved in mineral exploration and often result in unsuccessful exploration efforts. In such a case, which is likely, we will be unable to generate any revenues from operations and will be unable to successfully complete our business plan.
BECAUSE OF THE INHERENT DANGERS INVOLVED IN MINERAL EXPLORATION, THERE IS A RISK THAT WE MAY INCUR LIABILITY OR DAMAGES AS WE CONDUCT OUR BUSINESS.
The search for valuable minerals involves numerous hazards. As a result, we may become subject to liability for such hazards, including pollution, cave-ins and other hazards against which we cannot insure or against which we may elect not to insure. The payment of such liabilities may have a material adverse effect on our financial position.
BECAUSE OUR CONTINUATION AS A GOING CONCERN IS IN DOUBT, WE WILL BE FORCED TO CEASE BUSINESS OPERATIONS UNLESS WE CAN GENERATE PROFITABLE OPERATIONS IN THE FUTURE.
We have incurred losses since our inception resulting in an accumulated deficit of $10,261 at December 31, 2007. Further losses are anticipated in the development of our business. As a result, there is substantial doubt about our ability to continue as a going concern. Our ability to continue as a going concern is dependent upon our ability to generate profitable operations in the future and/or to obtain the necessary financing to meet our obligations and repay our liabilities arising from normal business operations when they come due. The Zone Lode claim does not contain any known bodies of mineralization. We will require additional funds in order to develop the property even if our exploration programs are successful. At this time, we cannot assure investors that we will be able to obtain financing. If we are unable to raise needed financing, we will have to delay or abandon further exploration efforts. If we cannot raise financing to meet our obligations, we will be insolvent and will cease business operations.
7
BECAUSE OUR DIRECTOR OWNS 55.35% OF OUR OUTSTANDING COMMON STOCK, HE COULD MAKE AND CONTROL CORPORATE DECISIONS THAT MAY BE DISADVANTAGEOUS TO MINORITY SHAREHOLDERS.
Our director, John Pulos, owns approximately 55.35% of the outstanding shares of our common stock. Accordingly, he will have a significant influence in determining the outcome of all corporate transactions or other matters, including mergers, consolidations, and the sale of all or substantially all of our assets. He will also have the power to prevent or cause a change in control. The interests of our director may differ from the interests of the other stockholders and thus result in corporate decisions that are disadvantageous to other shareholders.
BECAUSE MANAGEMENT HAS NO TECHNICAL EXPERIENCE IN MINERAL EXPLORATION, OUR BUSINESS HAS A HIGHER RISK OF FAILURE
Our sole director has no professional training or technical credentials in the field of geology. As a result, he may not be able to recognize and take advantage of potential acquisition and exploration opportunities in the sector without the aid of qualified geological consultants. Their decisions and choices may not take into account standard engineering or managerial approaches mineral exploration companies commonly use. Consequently our operations, earnings and ultimate financial success may suffer irreparable harm as a result.
BECAUSE OUR DIRECTOR HAS OTHER BUSINESS INTERESTS, HE MAY NOT BE ABLE OR WILLING TO DEVOTE A SUFFICIENT AMOUNT OF TIME TO OUR BUSINESS OPERATIONS, CAUSING OUR BUSINESS TO FAIL.
Our president, John Pulos, intends to devote 25% of his business time to our affairs. It is possible that the demands on Mr. Pulos from his other obligations could increase with the result that he would no longer be able to devote sufficient time to the management of our business. In addition, Mr. Pulos may not possess sufficient time for our business if the demands of managing our business increased substantially beyond current levels.
IF A MARKET FOR OUR COMMON STOCK DOES NOT DEVELOP, SHAREHOLDERS MAY BE UNABLE TO SELL THEIR SHARES.
There is currently no market for our common stock and we can provide no assurance that a market will develop. We currently plan to apply for listing of our common stock on the over the counter bulletin board upon the effectiveness of the registration statement, of which this prospectus forms a part. However, we can provide investors with no assurance that our shares will be traded on the bulletin board or, if traded, that a public market will materialize. If no market is ever developed for our shares, it will be difficult for shareholders to sell their stock. In such a case, shareholders may find that they are unable to achieve benefits from their investment.
A PURCHASER IS PURCHASING PENNY STOCK WHICH LIMITS HIS OR HER ABILITY TO SELL THE STOCK.
The shares offered by this prospectus constitute penny stock under the Securities and Exchange Act. The shares will remain penny stock for the foreseeable future. The classification of penny stock makes it more difficult for a broker-dealer to sell the stock into a secondary market, which makes it more difficult for a purchaser to liquidate his or her investment. Any broker-dealer engaged by the purchaser for the purpose of selling his or her shares in our company will be subject to rules 15g-1 through 15g-10 of the Securities and Exchange Act. Rather than creating a need to comply with those rules, some broker-dealers will refuse to attempt to sell penny stock.
Forward-Looking Statements
This prospectus contains forward-looking statements that involve risks and uncertainties. We use words such as anticipate, believe, plan, expect, future, intend and similar expressions to identify such forward-looking statements. You should not place too much reliance on these forward-looking statements. Our actual results are most likely to differ materially from those anticipated in these forward-looking statements for many reasons, including the risks faced by us described in the "Risk Factors" section and elsewhere in this prospectus.
8
Use Of Proceeds
We will not receive any proceeds from the sale of the common stock offered through this prospectus by the selling shareholders.
Determination Of Offering Price
The selling shareholders will sell our shares at $0.05 per share until our shares are quoted on the OTC Bulletin Board, and thereafter at prevailing market prices or privately negotiated prices. We determined this offering price, based upon the price of the last sale of our common stock to investors. There is no assurance of when, if ever, our stock will be listed on an exchange.
Dilution
The common stock to be sold by the selling shareholders is common stock that is currently issued and outstanding. Accordingly, there will be no dilution to our existing shareholders.
Selling Shareholders
The selling shareholders named in this prospectus are offering all of the 2,420,000 shares of common stock offered through this prospectus. These shares were acquired from us in private placements that were exempt from registration under Rule 504 of Regulation D of the Securities Act of 1933. The shares include the following:
1.           1,000,000 shares of our common stock that the selling shareholders acquired from us in an offering that was exempt from registration under Regulation D of the Securities Act of 1933 and was completed on April 14, 2007;
2.           1,000,000 shares of our common stock that the selling shareholders acquired from us in an offering that was exempt from registration under Regulation D of the Securities Act of 1933 and was completed on April 18, 2007; and
3.            420,000 shares of our common stock that the selling shareholders acquired from us in an offering that was exempt from registration under Regulation D of the Securities Act of 1933 and was completed on May 24, 2007.
The following table provides as of the date of this prospectus, information regarding the beneficial ownership of our common stock held by each of the selling shareholders, including:
1.
the number of shares owned by each prior to this offering;
2.
the total number of shares that are to be offered for each;
3.
the total number of shares that will be owned by each upon completion of the offering; and
4.
the percentage owned by each upon completion of the offering.
9
Name Of Selling Stockholder
Shares Owned Prior To This Offering
Total Number Of Shares To Be Offered For Selling Shareholders Account
Total Shares to Be Owned Upon Completion Of This Offering
Percentage of Shares owned Upon Completion of This Offering
Marnie Markin
250,000
250,000
Nil
Nil
11831 Laurel Hills Rd.
Studio City, CA
91604
Blair Sorby
250,000
250,000
Nil
Nil
4759 Kester Ave.
Sherman Oaks, CA
91403
Tiffeni Aliece Graves
250,000
250,000
Nil
Nil
11920 Laurel Hills Rd.
Studio City, CA
91604
Xavier Franco
250,000
250,000
Nil
Nil
12100 Wilshire Blvd.
17
th
Floor
Los Angeles, CA
90025
John H. Schweitzer
100,000
100,000
Nil
Nil
5440 La Jolla Blvd.
Suite E-203
La Jolla, CA
92037
Joey D. Ball
100,000
100,000
Nil
Nil
3740 Beechglen Dr.
La Crescenta, CA
91214
Courtney Kramer
100,000
100,000
Nil
Nil
337 N. Curson Ave,
Suite 4
Los Angeles, CA
90036
Eric Heldwein
100,000
100,000
Nil
Nil
2222 Foothill Blvd.
Suite E-206
La Canada, CA
91011
Steven W. Woods
100,000
100,000
Nil
Nil
1012 Huntington Dr.
Duarte, CA 91010
10
Name Of
Selling
Stockholder
Shares Owned
Prior To This
Offering
Total Number
Of Shares To
Be Offered For
Selling
Shareholders
Account
Total Shares
to Be Owned
Upon
Completion Of This Offering
Percentage of
Shares owned
Upon
Completion of
This Offering
John Scasino
100,000
100,000
Nil
Nil
147 N. Beachwood Dr.
Apartment E
Burbank, CA 91506
Joseph W. Glennanthony
100,000
100,000
Nil
Nil
5712 Airdrome St.
Los Angeles, CA
90019
Julie McDonald
100,000
100,000
Nil
Nil
10849 Bloomfield St.
Apartment #10
North Hollywood, CA
91602
Maryon Yip
100,000
100,000
Nil
Nil
1550 Sanborn Avenue
Los Angeles, CA
90027
Thomas Taubman
100,000
100,000
Nil
Nil
4155 Center St.
Los Angeles, CA
90232
Edward R. Landy
30,000
30,000
Nil
Nil
66870 Hacienda
Desert Hot Springs, CA
92440
Kirk Strassman
30,000
30,000
Nil
Nil
1158 26
th
Street
Suite 673
Santa Monica, CA
90403
Robin Landy
30,000
30,000
Nil
Nil
7550 Santa Lucia St.
Fontana, CA
92336
Kristen Wall
30,000
30,000
Nil
Nil
25561 Eastwind Dr.
Dana Point, CA
92629
11
Name Of
Selling
Stockholder
Shares Owned
Prior To This
Offering
Total Number
Of Shares To
Be Offered For
Selling
Shareholders
Account
Total Shares
to Be Owned
Upon
Completion Of This Offering
Percentage of
Shares owned
Upon
Completion of
This Offering
Jason Wall
30,000
30,000
Nil
Nil
25561 Eastwind Dr.
Dana Point, CA
92629
Cynthia Reis
30,000
30,000
Nil
Nil
25908 Pennsylvania Ave
Lomita, CA 90717
Dominic M. Reis
30,000
30,000
Nil
Nil
25908 Pennsylvania Ave
Lomita, CA 90717
Colleen White
30,000
30,000
Nil
Nil
12432 Woodgreen St.
Los Angeles,CA
90066
Stephen Coles
30,000
30,000
Nil
Nil
6845 West 8
th
Place
Los Angeles, CA
90045
Aaron M. Coles
30,000
30,000
Nil
Nil
6845 West 85
th
Place
Los Angeles, CA
90045
Ryan Mallen
30,000
30,000
Nil
Nil
861 Wlbur Avenue
San Diego, CA
92109
Ernesto Barragan
30,000
30,000
Nil
Nil
16501 Sedona St.
Lake Elsimore, CA
92530
Tonya Christianson
30,000
30,000
Nil
Nil
6600 Bobbyboyar Ave.
West Hills, CA
91307
Matthew Moldin
30,000
30,000
Nil
Nil
4759 Kester Ave.
Sherman Oaks, CA
91403
The named party beneficially owns and has sole voting and investment power over all shares or rights to these shares. The numbers in this
12
table assume that none of the selling shareholders sells shares of common stock not being offered in this prospectus or purchases additional shares of common stock, and assumes that all shares offered are sold. The percentages are based on 5,420,000 shares of common stock outstanding on the date of this prospectus.
None of the selling shareholders:
(1)
has had a material relationship with us other than as a shareholder at any time within the past three years; or
(2)
has ever been one of our officers or directors.
Plan Of Distribution
The selling shareholders may sell some or all of their common stock in one or more transactions, including block transactions. There are no arrangements, agreements or understandings with respect to the sale of these securities.
The selling shareholders will sell our shares at $0.05 per share until our shares are quoted on the OTC Bulletin Board, and thereafter at prevailing market prices or privately negotiated prices. We determined this offering price based upon the price of the last sale of our common stock to investors. There is no assurance of when, if ever, our stock will be listed on an exchange or quotation system.
The shares may also be sold in compliance with the Securities and Exchange Commission's Rule 144.
If applicable, the selling shareholders may distribute shares to one or more of their partners who are unaffiliated with us. Such partners may, in turn, distribute such shares as described above. If these shares being registered for resale are transferred from the named selling shareholders and the new shareholders wish to rely on the prospectus to resell these shares, then we must first file a prospectus supplement naming these individuals as selling shareholders and providing the information required concerning the identity of each selling shareholder and he or her relationship to us. There is no agreement or understanding between the selling shareholders and any partners with respect to the distribution of the shares being registered for resale pursuant to this registration statement.
We can provide no assurance that all or any of the common stock offered will be sold by the selling shareholders.
We are bearing all costs relating to the registration of the common stock. The selling shareholders, however, will pay any commissions or other fees payable to brokers or dealers in connection with any sale of the common stock.
The selling shareholders must comply with the requirements of the Securities Act and the Securities Exchange Act in the offer and sale of the common stock. In particular, during such times as the selling shareholders may be deemed to be engaged in a distribution of the common stock, and therefore be considered to be an underwriter, they
must comply with applicable law and may, among other things:
1.
Not engage in any stabilization activities in connection with our common stock;
2.
Furnish each broker or dealer through which common stock may be offered, such copies of this prospectus, as amended from time to time, as may be required by such broker or dealer; and
3.
Not bid for or purchase any of our securities or attempt to induce any person to purchase any of our securities other than as permitted under the Securities Exchange Act.
The Securities Exchange Commission has also adopted rules that regulate broker-dealer practices in connection with transactions in penny stocks. Penny stocks are generally equity securities with a price of less than $5.00 (other than securities registered on certain national securities exchanges or quoted on the Nasdaq system, provided that current price and volume information with respect to transactions in such securities is provided by the exchange or system).
The penny stock rules require a broker-dealer, prior to a transaction in a penny stock not otherwise exempt from those rules, deliver a standardized risk disclosure document prepared by the Commission, which:
13
*
contains a description of the nature and level of risk in the market for penny stocks in both public offerings and secondary trading;
*
contains a description of the broker's or dealer's duties to the customer and of the rights and remedies available to the customer with respect to a violation of such duties or other requirements
*
contains a brief, clear, narrative description of a dealer market, including "bid" and "ask" prices for penny stocks and the significance of the spread between the bid and ask price;
*
contains a toll-free telephone number for inquiries on disciplinary actions;
*
defines significant terms in the disclosure document or in the conduct of trading penny stocks; and
*
contains such other information and is in such form (including language, type, size, and format) as the Commission shall require by rule or regulation;
The broker-dealer also must provide, prior to effecting any transaction in a penny stock, the customer with:
*
bid and offer quotations for the penny stock;
*
the compensation of the broker-dealer and its salesperson in the transaction;
*
the number of shares to which such bid and ask prices apply, or other comparable information relating to the depth and liquidity of the market for such stock; and
*
monthly account statements showing the market value of each penny stock held in the customer's account.
In addition, the penny stock rules require that prior to a transaction in a penny stock not otherwise exempt from those rules; the broker-dealer must make a special written determination that the penny stock is a suitable investment for the purchaser and receive the purchaser's written acknowledgment of the receipt of a risk disclosure statement, a written agreement to transactions involving penny stocks, and a signed and dated copy of a written suitability statement. These disclosure requirements will have the effect of reducing the trading activity in the secondary market for our stock because it will be subject to these penny stock rules. Therefore, stockholders may have difficulty selling those securities.
Description Of Securities
General
Our authorized capital stock consists of 75,000,000 shares of common stock at a par value of $0.001 per share.
Common Stock
As of April 1, 2008, there were 5,420,000 shares of our common stock issued and outstanding that are held by 29 stockholders of record.
Holders of our common stock are entitled to one vote for each share on all matters submitted to a stockholder vote. Holders of common stock do not have cumulative voting rights. Therefore, holders of a majority of the shares of common stock voting for the election of directors can elect all of the directors. Holders of our common stock representing a majority of the voting power of our capital stock issued, outstanding and entitled to vote, represented in person or by proxy, are necessary to constitute a quorum at any meeting of our stockholders. A vote by the holders of a majority of our outstanding shares is required to effectuate certain fundamental corporate changes such as liquidation, merger or an amendment to our articles of incorporation.
Holders of common stock are entitled to share in all dividends that the board of directors, in its discretion, declares from legally available funds. In the event of a liquidation, dissolution or winding up, each outstanding share entitles its holder to participate pro rata in all assets that remain after payment of liabilities and after providing for each class of stock, if any, having preference over the common stock. Holders of our common stock have no pre-emptive rights, no conversion rights and there are no redemption provisions applicable to our common stock.
Preferred Stock
We do not have an authorized class of preferred stock.
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Dividend Policy
We have never declared or paid any cash dividends on our common stock. We currently intend to retain future earnings, if any, to finance the expansion of our business. As a result, we do not anticipate paying any cash dividends in the foreseeable future.
Share Purchase Warrants
We have not issued and do not have outstanding any warrants to purchase shares of our common stock.
Options
We have not issued and do not have outstanding any options to purchase shares of our common stock.
Convertible Securities
We have not issued and do not have outstanding any securities convertible into shares of our common stock or any rights convertible or exchangeable into shares of our common stock.
Interests Of Named Experts And Counsel
No expert or counsel named in this prospectus as having prepared or certified any part of this prospectus or having given an opinion upon the validity of the securities being registered or upon other legal matters in connection with the registration or offering of the common stock was employed on a contingency basis, or had, or is to receive, in connection with the offering, an interest, direct or indirect, in the registrant or any of its parents or subsidiaries. Nor was any such person connected with the registrant or any of its parents or subsidiaries as a promoter, managing or principal underwriter, voting trustee, director, officer, or employee.
Siegel, Lipman, Dunay, Shepard & Miskel LLP has provided an opinion on the validity of our common stock.
The financial statements included in this prospectus and the registration statement have been audited by Chisholm Bierwolf & Nilson, LLC to the extent and for the periods set forth in their report appearing elsewhere in this document and in the registration statement filed with the SEC, and are included in reliance upon such report given upon the authority of said firm as experts in auditing and accounting.
Description Of Business
We intend to commence operations as an exploration stage mineral exploration company. As such, there is no assurance that a commercially viable mineral deposit exists on our sole mineral property interest, the Zone Lode claim. Further exploration will be required before a final evaluation as to the economic and legal feasibility of the Zone Lode claim is determined. Economic feasibility refers to a formal evaluation completed by an engineer or geologist which confirms that the property can be successfully operated as a mine. Legal feasibility refers to a formal survey of the claims boundaries to ensure that all discovered mineralization is contained within these boundaries.
We will be engaged in the acquisition, and exploration of mineral properties with a view to exploiting any mineral deposits we discover that demonstrate economic feasibility. We own a 100% interest in the Zone Lode claim.
Our plan of operation is to conduct exploration work on the Zone Lode claim in order to ascertain whether it possesses economic quantities of copper, gold, silver, molybdenum or zinc. There can be no assurance that economic mineral deposits or reserves, exist on the Zone Lode claim until appropriate exploration work is done and an economic evaluation based on such work concludes that production of minerals from the property is economically feasible. Economic feasibility refers to an evaluation completed by an engineer or geologist whereby he or she analyses whether profitable mining operations can be undertaken on the property.
Mineral property exploration is typically conducted in phases. Each subsequent phase of exploration work is recommended by a geologist based on the results from the most recent phase of exploration.
15
We have not yet commenced the initial phase of exploration on the Zone Lode claim. Once we complete each phase of exploration, we will make a decision as to whether or not we proceed with each successive phase based upon the analysis of the results of that program. Our director will make this decision based upon the recommendations of the independent geologist who oversees the program and records the results.
Even if we complete the currently recommended exploration programs on the Zone Lode claim and they are successful, we will need to spend substantial additional funds on further drilling and engineering studies before we will ever know if there is a commercially viable mineral deposit, a reserve, on the property.
The Zone Lode claim is without known reserves. Our proposed programs are exploratory in nature.
Zone Lode claim Purchase Agreement
On May 24, 2007, we entered into an agreement with Terry Loney whereby he agreed to sell the Zone Lode claim to us. The Zone Lode claim is located in Section 8 of Township 35N and Range 36E, Mount Diablo Base Meridian, Elko County, Nevada. In order to acquire a 100% interest in this claim, we paid $10,000 to Mr. Loney.
Title to the Zone Lode claim
The Zone Lode claim consists of one mining claim comprising 20.6 acres. There are no other underlying agreements or interests in the property.
This claim will only be valid as long as pay an annual claim fee of $125, plus a $10 claim maintenance fee by September 1, 2008 of each year.
Location and Access
The Zone Lode claim is located in Elko County, within the state of Nevada. The northeast corner of the claim is located approximately 1,965 feet south of the northeast corner of Section 8, Township 35N, Range 68E.
The boundaries are clearly marked by four wooden posts with aluminum tags attached and scribed with claim name and corner description.
The property can be accessed by taking exit number 387 off of Interstate I-80. About five miles to the southeast, there are multiple roads that lead to the property. The nearest settlement and services are located at Wendover, Nevada, which is about 25 miles to the southeast via I-80.
Climate and Physiography
The climate of the Zone Load claim is arid with diminutive rainfall during the summer. Summer temperatures are moderate due to the high elevation. The mean annual temperature range is 30°C and the lowest recorded temperature near Jackpot was -45°C. The Elko County area receives approximately 128 centimeters of snowfall and 250 millimeters of rain, annually. The moderate climate and temperatures have a minimal effect on exploration work or mining operations. During the spring runoff period, operations may be curtailed for short periods.
The Property and Elko County are located within the Nevada plateau. The landscape is in the late stage of erosion, the ridges are rounded and the valleys are generally narrow and V-shaped. Salmon Falls Creek, the largest stream east of the Bruneau River in north-eastern Nevada, flows in the shape of a horseshoe through the Contact District and north past the town of Contact and into the Snake River. The area's vegetation consists of small grasses, sage brush, and the occasional juniper tree.
There is no power source located on the Zone Lode claim. We will need to use portable generators if we require a power source for exploration of the property.
16
Mineralization and Geology
The Zone Lode claim is situated on the northwestern portion of a batholith, a large body of volcanic rock that has been exposed due to erosion of the overlying rock. This rock is estimated to be 150 million years old. The area underlain by the batholith forms an indistinct topographic basin extending about 40 kilometers in an east-northeast direction, with a width of about 10 kilometers in a north-south direction. The surrounding sedimentary rocks are uplifted and tilted along much of the contact, forming some of the highest mountains in the area.
Distinct structural disturbances are present along this contact zone in the western part of the batholith near the Hamlet of Contact. Farther away from the contact, the sedimentary rocks assume a flat to gently included altitude and are overlain by volcanic and sedimentary rocks.
The batholith was accompanied by doming of the overlying and surrounding sedimentary rocks. Subsequently, the central upper portion of the dome was removed by erosion, exposing the batholith in a topographic basin which is surrounded by tilted sedimentary rocks.
The pronounced alignment of the batholith along a transverse east-northeast structure is also expressed by an anticlinal fold (an arched fold, usually in the shape of an inverted "U") which is oriented east-northeast, parallel to the northern contact of the batholith. Sedimentary rocks along part of the northern contact dip steeply southward toward the intrusion (a body of volcanic rock that has crystallized from a molten magma below the surface of the Earth). Strong disturbances in the form of faulting, fracturing, and alteration are evident in the granodiorite (a coarse grained rock that is similar to granite but with less quartz and more dark minerals) along the south limb of the anticline structure and copper mineralization is very common in this area.
Recommendations
We have obtained a geological report on the Zone Lode claim that was prepared by Amanda Tremblay. Ms. Tremblay has an Honors Bachelor of Science degree in Geology from Queens University. The geological report summarizes details concerning the Zone Lode claim and makes a recommendation for further exploration work.
Based on her review of geological information relating to the Zone Lode claim, Ms. Tremblay recommends an initial exploration program on the property consisting of grid emplacement, concentrated geological mapping and sampling, geophysical surveys and an initial drill hole.
Grid emplacement involves dividing the claims area into subsections in order to aid the plotting of exploration data.
Mapping involves plotting previous exploration data relating to a property on a map in order to determine the best property locations to conduct subsequent exploration work. Sampling consists of a geologist gathering pieces of rock or soil for mineral testing because they appear to contain valuable mineralization.
Geophysical surveying is the search for mineral deposits by measuring the physical property of near-surface rocks, and looking for unusual responses caused by the presence of mineralization. Electrical, magnetic, gravitational, seismic and radioactive properties are the ones most commonly measured. Geophysical surveys are applied in situations where there is insufficient information obtainable from the property surface to allow informed opinions concerning the merit of properties.
Drilling involves extracting a long cylinder of rock from the ground to determine amounts of metals at different depths. Pieces of the rock obtained, known as drill core, are analyzed for mineral content.
17
Compliance with Government Regulation
We will be required to comply with all regulations, rules and directives of governmental authorities and agencies applicable to the exploration of minerals in the United States generally, and in the state of Nevada specifically.
We will have to sustain the cost of reclamation and environmental mediation for all exploration and development work undertaken. The amount of these costs is not known at this time as we do not know the extent of the exploration program that will be undertaken beyond
completion of the currently planned work programs. Because there is presently no information on the size, tenor, or quality of any resource or reserve at this time, it is impossible to assess the impact of any capital expenditures on earnings or our competitive position in the event a potentially economic deposit is discovered.
If we enter into production, the cost of complying with permit and regulatory environment laws will be greater than in the exploration phases because the impact on the project area is greater. Permits and regulations will control all aspects of any production program if the project continues to that stage because of the potential impact on the environment. Examples of regulatory requirements include:
-
Water discharge will have to meet water standards;
-
Dust generation will have to be minimal or otherwise re- mediated;
-
Dumping of material on the surface will have to be re- contoured and re-vegetated;
-
An assessment of all material to be left on the surface will need to be environmentally benign;
-
Ground water will have to be monitored for any potential contaminants;
-
The socio-economic impact of the project will have to be evaluated and if deemed negative, will have to be re- mediated; and
-
There will have to be an impact report of the work on the local fauna and flora.
Employees
We have no employees as of the date of this prospectus other than our directors.
Research and Development Expenditures
We have not incurred any other research or development expenditures since our incorporation.
Subsidiaries
We do not have any subsidiaries.
Patents and Trademarks
We do not own, either legally or beneficially, any patents or trademarks.
Description Of Property
We own a 100% interest in one mining claim, known as the Zone Lode claim located in Elko County, Nevada. We only hold the right to explore for and extract minerals from the Zone Lode claim. We do not own any real property rights to the Zone Lode claim. We do not own or lease any property other than the Zone Lode claim.
Legal Proceedings
We are not currently a party to any legal proceedings. Our address for service of process in Nevada is 1802 North Carson Street, Suite 202 Carson City, Nevada 89701.
18
Market For Common Equity And Related Stockholder Matters
No Public Market for Common Stock
There is presently no public market for our common stock. We anticipate applying for trading of our common stock on the over the counter bulletin board upon the effectiveness of the registration statement of which this prospectus forms a part. However, we can provide no assurance that our shares will be traded on the bulletin board or, if traded, that a public market will materialize.
Stockholders of Our Common Shares
As of the date of this registration statement, we have 29 registered shareholders.
Rule 144 Shares
A total of 3,000,000 shares of our common stock are available for resale to the public in accordance with the volume and trading limitations of Rule 144 of the Act. In general, under Rule 144 as currently in effect, a person who has beneficially owned shares of a company's common stock for at least six months, provided that the company has been subject to the reporting requirements of the Securities Act of 1934 for a minimum of 90 days, is entitled to sell within any three month period a number of shares that does not exceed the greater of:
1.
1% of the number of shares of the company's common stock then outstanding which, in our case, will equal 54,200, shares as of the date of this prospectus; or
2.
the average weekly trading volume of the company's common stock during the four calendar weeks preceding the filing of a notice on Form 144 with respect to the sale.
Sales under Rule 144 are also subject to manner of sale provisions and notice requirements and to the availability of current public information about the company.
Under Rule 144(k), a person who is not one of the company's affiliates at any time during the three months preceding a sale, and who has beneficially owned the shares proposed to be sold for at least two years, is entitled to sell shares without complying with the manner of
sale, public information, volume limitation or notice provisions of Rule 144.
As of the date of this prospectus, persons who are our affiliates hold all of the 3,000,000 shares that may be sold pursuant to Rule 144.
Stock Option Grants
To date, we have not granted any stock options.
Registration Rights
We have not granted registration rights to the selling shareholders or to any other persons.
Dividends
There are no restrictions in our articles of incorporation or bylaws that prevent us from declaring dividends. The Nevada Revised Statutes, however, do prohibit us from declaring dividends where, after giving effect to the distribution of the dividend:
1.
we would not be able to pay our debts as they become due in the usual course of business; or
2.
our total assets would be less than the sum of our total liabilities plus the amount that would be needed to satisfy the rights of shareholders who have preferential rights superior to those receiving the distribution.
We have not declared any dividends, and we do not plan to declare any dividends in the foreseeable future.
19
Financial Statements
Index to Financial Statements
:
1.
Report of Independent Registered Public Accounting Firm;
2.
Audited financial statements for the period from February 20, 2007 (inception) to June 30, 2007, and unaudited interim financial statements for the period ended December 31, 2007 including:
a.
Balance Sheets;
b.
Statements of Operations;
c.
Statements of Cash Flows;
d.
Statement of Stockholders' Equity; and
e.
Notes to Financial Statements
20
Lincoln Mining Inc.
(An Exploration Stage Company)
Financial Statements
June 30, 2007
21
533 West 2600 South, Suite 25 - Bountiful, Utah 84010 - Phone: (801) 292-8756 - Fax: (801) 292-8809 - www.cbncpa..com
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Board of Directors and Shareholders
Lincoln Mining, Inc.. (An Exploration Stage
Company) Beverly Hills, California
We have audited the accompanying balance sheet of Lincoln Mining, Inc. (An Exploration Stage Company) as of June 30, 2007, and the related statement of operations, stockholders' deficit and cash flows for the year ended June 30, 2007, and for the period February 20, 2007 (inception) through June 30, 2007. These financial statements are the responsibility of the Company's management Our responsibility is to express an opinion on these financial statements based on our audit
We conducted our audit in accordance with the standards of the PCAOB (United States).. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatements.. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting .. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting .. Accordingly, we express no such opinion .. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and the significant estimates made by management, as well as evaluating the overall financial statements presentation. We believe that our audit provide a reasonable basis for our opinion ..
In our opinion, the aforementioned financial statements present fairly, in all material respects, the financial position of Lincoln Mining, Inc. (An Exploration Stage Company), as of June 30, 2007 and the results of its operations and its cash flows for the year ended June 30, 2007 and for the period February 20, 2007 (inception) through June 30, 2007, in conformity with accounting principles generally accepted in the United States of America.
The accompanying financial statements have been prepared assuming the Company will continue as a going concern.. As discussed in Note 8 to the financial statements, the Company has suffered an operating loss for the period presented, has negative cash flow from operations, and is dependent on equity financing to pay operating expenses which raises substantial doubt about its ability to continue as a going concern. Management's plans in regard to these matters are also described in Note 8.. The financial statements do not include any adjustments that might result from the outcome of these uncertainties
Chisholm, Bierwolf & Nilson, LLC
Bountiful, Utah July 17, 2007
Member of AICPA, UACPA & Registered with PCAOB
22
Lincoln Mining, Inc.
(An Exploration Stage Company)
Balance Sheet
June 30, 2007
ASSETS
Current
Cash and cash equivalents
$
23,721
Prepaid
251
Total current assets
23,972
Property and Equipment
Mining interests
10,000
Total property and equipment
10,000
Total assets
33,972
LIABILITIES AND STOCKHOLDERS' EQUITY
Current
Related party payable
$
100
Total current
100
Total liabilities
100
Commitments and contingencies
-
Stockholders' Equity
Capital stock, $.001 par value,
75,000,000 shares authorized;
5,420,000 shares issued and outstanding, respectively
5,420
Additional paid-in capital
29,580
Deficit, accumulated during the exploration stage
(1,128
)
Total stockholders' equity
33,872
Total liabilities and stockholders' equity
$
33,972
The accompanying notes are an integral part of these financial statements.
Page 2 of 11
Lincoln Mining, Inc.
(An Exploration Stage Company)
Statements of Operations
Accumulated from
February 20, 2007
For the period
(inception) through
ended June 30,
June 30,
2007
2007
Revenue
$
-
$
-
Operating Costs and Expenses
Legal and accounting
749
749
Operation and Administration
379
379
Total operating expense
1,128
1,128
Net loss from operations and before income tax
(1,128
)
(1,128
)
Income tax expense
-
-
Net loss
$
(1,128
)
$
(1,128
)
Loss per common share - basic
$
-
Weighted average common shares per share – basic
5,122,308
The accompanying notes are an integral part of these financial statements.
Page 3 of 11
Lincoln Mining, Inc.
(An Exploration Stage Company)
Statement of Stockholders' Equity
From February 20, 2007 through June 30, 2007
Accumulated
Additional
Deficit During
Total
Paid in
Exploration
Stockholders'
Shares
Amount
Capital
Stage
Equity
Balance, February 20, 2007
(inception)
$
-
$
-
$
-
$
-
Shares issued for Cash at
$0.01 per share
5,000,000
5,000
9,000
14,000
Shares issued for Cash at
$0.05 per share
420,000
420
20,580
21,000
Net loss for the period
ending June 30, 2007
-
-
-
(1,128
)
(1,128
)
Balance, June 30, 2007
5,420,000
$
5,420
$
29,580
$
(1,128
)
$
33,872
The accompanying notes are an integral part of these financial statements.
Page 4 of 11
Lincoln Mining, Inc.
(An Exploration Stage Company)
Statements of Cash Flows
Accumulated from
February 20, 2007
For the period
(inception) through
ended June 30,
June 30,
2007
2007
Cash flows from operating activities
Net loss
$
(1,128
)
$
(1,128
)
Changes in operating assets and liabilities:
Increase in related party payable
100
100
(Increase) decrease in prepaid
(251
)
(251
)
Net cash used in operating activities
(1,279
)
(1,279
)
Cash flows from investing activities
(Increase) decrease in mining interest
(10,000
)
(10,000
)
Net cash used in investing activities
(10,000
)
(10,000
)
Cash flows from financing activities
Proceeds from issuance of common stock
35,000
35,000
Net cash provided by financing activities
35,000
35,000
Increase in cash and cash equivalents
23,721
23,721
Cash and cash equivalents, beginning of year
-
-
Cash and cash equivalents, end of year
$
23,721
$
23,721
Supplement Disclosures:
Cash paid for interest
-
-
Cash paid for income tax
-
-
The accompanying notes are an integral part of these financial statements.
Page 5 of 11
Lincoln Mining, Inc.
(An Exploration Stage Company)
Notes to the Financial Statements
Note 1 – Nature and Continuance of Operations
The Company was incorporated in the State of Nevada on February 20, 2007. The Company is an Exploration Stage Company as defined by the Statement of Financial Accounting Standard ("SFAS) No.7. The Company has acquired a mineral property located in Elko County, within the state of Nevada and has not yet determined whether this property contains reserves that are economically recoverable. The recoverability of property expenditures will be dependent upon the discovery of economically recoverable reserves, confirmation of the company's interest in the underlying property, and the ability of the Company to obtain necessary financing to satisfy the expenditure requirements under the property agreement and upon future profitable production of proceeds for sale thereof.
Note 2 - Significant Accounting Policies
The following is a summary of significant account policies used in the preparation of these financial statements.
a.
Basis of presentation
The financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America applicable to exploration stage enterprises, and are expressed in U.S. dollars. The Company's fiscal year end is December 31.
b.
Cash and cash equivalents
Cash and cash equivalents include highly liquid investments with original maturities of three months or less.
c.
Mineral property costs
The Company has been in the exploration stage since its formation on February 20, 2007 and has not yet realized any revenues from its planned operations. It is primarily engaged in the acquisition and exploration of mining properties. Mineral property acquisition and exploration costs are charged to operations as incurred. When it has been determined that a mineral property can be economically developed as a result of establishing proven and probable reserves, the costs incurred to develop such property, are capitalized. Such costs will be amortized using the units-of-production method over the estimated life of the probable reserve.
Although the Company has taken steps to verify title to mineral properties in which it has an interest, according to the usual industry standards for the stage of
Page 6 of 11
Lincoln Mining, Inc.
(An Exploration Stage Company)
Notes to the Financial Statements
Note 2 - Significant Accounting Policies (continues)
exploration of such properties, these procedures do not guarantee the Company's title. Such properties may be subject to prior agreements or transfers and title may be affected by undetected defects.
d.
Fair Value of Financial instruments
Unless otherwise indicated, the fair values of all reported assets and liabilities which represent financial instruments (none of which are held for trading purposes) approximate the carrying values of such amounts.
e.
Environmental expenditures
The operations of the Company have been, and may in the future, be affected from time to time, in varying degrees, by changes in environmental regulations, including those for future reclamation and site restoration costs. Both the likelihood of new regulations and their overall effect upon the Company vary greatly and are not predictable. The Company's policy is to meet or, if possible, surpass standards set by relevant legislation, by application of technically proven and economically feasible measures.
Environmental expenditures that relate to ongoing environmental and reclamation programs are charged against earnings as incurred or capitalized and amortized depending on their future economic benefits. Estimated future reclamation and site restoration costs, when the ultimate liability is reasonably determinable, are charged against earnings over the estimated remaining life of the related business operation, net of expected recoveries.
f. Income taxes
Deferred income taxes are reported for timing differences between items of income or expense reported in the financial statements and those reported for income tax purposes in accordance with SFAS No. 109,
Accounting for Income Taxes,
which requires the use of asset/liability method of accounting for income taxes. Deferred income taxes and tax benefits are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, and for tax loss and credit carry-forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered are settled. The Company provides for deferred taxes for the estimated future tax effects attributable to temporary differences and carry-forwards when realization is more likely than not.
Page 7 of 11
Lincoln Mining, Inc.
(An Exploration Stage Company)
Notes to the Financial Statements
Note 2 - Significant Accounting Policies (continues)
g.
Basic and diluted net loss per share
The Company computes net loss per share in accordance with SFAS No. 128,
Earnings per Share
. SFAS No. 128 requires presentation of both basic and diluted earnings per share ("EPS") on the face of the income statement. Basic EPS is computed by dividing net loss available to common shareholders (numerators) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all potentially dilutive common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all potentially dilutive shares if their effect is anti-dilutive.
h.
Use of estimates and assumptions
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. In these financial statements, assets, liabilities and earnings involve extensive reliance on management's estimates. Actual results could differ from those estimates.
The Company's periodic filing with the Securities and Exchange Commission ("SEC") include, where applicable, disclosures of estimates, assumptions, uncertainties, and market that could affect the financial statements and future operations of the Company.
i. Concentrations of credit risk
The Company's financial instruments that are exposed to concentrations of credit risk primarily consist of its cash and related party payables. The Company places its cash and cash equivalents with financial institutions of high credit worthiness. At times, its cash equivalents with a particular financial institution may exceed any applicable government insurance limits. The Company's management also routinely assesses the financial strength and credit worthiness of any parties to which it extends funds and as such, it believes that any associated credit risk exposures are limited.
j. Risks and uncertainties
The Company operates in the resource exploration industry that is subject to significant risks and uncertainties, including financial, operational, and other risks associated with operating a resource exploration business, including the potential risk of business failure.
Page 8 of 11
Lincoln Mining, Inc.
(An Exploration Stage Company)
Notes to the Financial Statements
Note 3 –
New Technical Pronouncements
In February 2007, the FASB issued SFAS No. 159, THE FAIR VALUE OPTION FOR FINANCIAL ASSETS AND FINANCIAL LIABILITIES – INCLUDING AN AMENDMENT OF FASB STATEMENT NO. 115. This statements objective is to improve financial reporting by providing the Company with the opportunity to mitigate volatility in reported earnings caused by measuring related assets and liabilities differently without having to apply complex hedge accounting provisions. This statement is expected to expand the use of fair value measurement, which is consistent with the FASB's long-term measurement objective for accounting for financial instruments. The adoption of SFAS 159 did not have an impact on the Company's financial statements.
Note 4 - Mineral Property
Pursuant to a mineral property purchase agreements dated May 24, 2007, the Company acquired a 100% undivided right, title and interest in a mineral claim, located in Section 8 of T35N, R36E Mount Diablo Base Meridian in the Elko County, within the state of Nevada for a cash payment of $10,000. Since the Company has not established the commercial feasibility of the mineral claim, the acquisition costs have been capitalized.
Note 5 – Related Party Payable
The president, John Pulos, advanced the Company $100 dollars to open the Company's bank account.
Note 6 - Capital Stock
Authorized
The total authorized capital is 75,000,000 common shares with a par value of $0.001 per common share.
Issued and outstanding
The Company issued 5,420,000 common stocks for cash at a range of $ 0.01 - $0.05 per share.
Note 7 - Income Taxes
The Company has losses carried forward for income tax purposes to December 31, 2007. There are no current or deferred tax expenses for the period ended December 31, 2007 due to the Company's loss position. The Company has fully reserved for any
Page 9 of 11
Lincoln Mining, Inc.
(An Exploration Stage Company)
Notes to the Financial Statements
Note 7 - Income Taxes (continues)
benefits of these losses. The deferred tax consequences of temporary differences in reporting items for financial statements and income tax purposes are recognized, as appropriate. Realization of the future tax benefits related to the deferred tax assets is dependent on many factors, including the Company's ability to generate taxable income within the net operating loss carry-forward period. Management has considered these factors in reaching its conclusion as to the valuation allowance for financial reporting purposes.
The provision for refundable federal income tax consists of the following:
For the period from the
inception on February 20, 2007 to June 30,2007
Deferred tax asset attributable to
Current operations
(384
)
Less: Change in valuation allowance
384
Net refundable amount
-
The composition of the Company's deferred tax assets as at December 31, 2007 is as follows:
For the period from the
inception on February 20,
2007 to June 30, 2007
Net operating loss carry forward
(1,128
)
Statutory federal income tax rate
34%
Effective income tax rate
0%
Deferred tax asset
(384
)
Less: Valuation allowance
384
Net deferred tax asset
-
The potential income tax benefit of these losses has been offset by a full valuation allowance.
Page 10 of 11
Lincoln Mining, Inc.
(An Exploration Stage Company)
Notes to the Financial Statements
Note 7 - Income Taxes (continues)
As at December 31, 2007, the Company has an unused net operating loss carry-forward balance of approximately $1,128 that is available to offset future taxable income. This unused net operating loss carry-forward balance expires in 2027.
Note 8 – Going Concern
These financial statements have been prepared on a going concern basis. The Company has incurred losses since inception resulting in an accumulated deficit of $1,128 and further losses are anticipated in the development of its business. This raises substantial doubt about the Company's ability to continue as a going concern. Its ability to continue as a going concern is dependent upon the ability of the Company to generate profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management has plans to seek additional capital through a private placement and public offering of its common stock. These financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts of and classification of liabilities that might be necessary in the event the Company cannot continue in existence.
The ability of the Company to emerge from the exploration stage is dependent upon, among other things, obtaining additional financing to continue operations, explore and develop the mineral properties and the discovery, development, and sale of ore reserves.
In response to these problems, management has planned the following actions:
·
The Company intends to apply for a SB-2 Registration Statement.
·
Management intends to raise additional funds through public or private placement offerings.
These factors, among others raise substantial doubt about the Company's ability to continue as a going concern. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty.
Page 11 of 11
Lincoln Mining Inc.
(An Exploration Stage Company)
Financial Statements
December 31, 2007
Lincoln Mining, Inc.
(An Exploration Stage Company)
Balance Sheets
ASSETS
December 31,
June 30,
2007
(Unaudited)
2007
Current
Cash and cash equivalents
$
18,040
$
23,721
Prepaid
-
251
Total current assets
18,040
23,972
Property and Equipment
Mining interests
10,000
10,000
Total property and equipment
10,000
10,000
Total assets
28,040
33,972
LIABILITIES AND STOCKHOLDERS' EQUITY
Current
Accrued Expense
$
3,201
-
Related party payable
100
100
Total current
3,301
100
Total liabilities
3,301
100
Commitments and contingencies
-
-
Stockholders' Equity
Capital stock, $.001 par value,
75,000,000 shares authorized;
5,420,000 shares issued and outstanding, respectively
5,420
5,420
Additional paid-in capital
29,580
29,580
Deficit, accumulated during the exploration stage
(10,261)
(1,128)
Total stockholders' equity
24,739
33,872
Total liabilities and stockholders' equity
$
28,040
33,972
Page 2 of 11
Lincoln Mining, Inc.
(An Exploration Stage Company)
Statements of Operations
(Unaudited)
For the Three Months Ended
For the Six Months Ended
Cumulative During the Exploration Stage February 20, 2007  (inception) to
December 31,
December 31,
December 31,
2007
2007
2007
Revenue
-
-
-
-
-
-
Operating costs and expenses
Consulting
$
-
$
550
$
550
Legal and accounting
316
6,953
7,701
Operation and administration
1,147
1,630
2,010
Total operating costs and expenses
1,463
9,133
10,261
Loss from operations and before income tax
(1,463)
(9,133)
(10,261)
Provision for income taxes
-
-
-
Net (loss)
(1,463)
(9,133)
$
(10,261)
Loss per common share – basic and fully diluted
$
-
$
-
Weighted average common shares
5,420,000
5, 420,000
Page 3 of 11
Lincoln Mining, Inc.
(An Exploration Stage Company)
Statements of Cash Flows
(Unaudited)
For the six months ended December 31,
Accumulated from February 20, 2007 (inception) through December 31,
2007
2007
Cash flows from operating activities
Net loss
$
(9,133)
$
(10,261)
Changes in operating assets and liabilities:
Increase in related party payable
-
100
Increase in accrued expenses
3,201
3,201
Decrease in prepaid
251
-
Net cash used in operating activities
(5,681)
(6,960)
Cash flows from investing activities
(Increase) decrease in mining interest
-
(10,000)
Net cash used in investing activities
-
(10,000)
Cash flows from financing activities
Proceeds from issuance of common stock
-
35,000
Net cash provided by financing activities
-
35,000
Increase (Decrease) in cash and cash equivalents
(5,681)
18,040
Cash and cash equivalents, beginning of year
23,721
-
Cash and cash equivalents, end of year
$
18,040
$
18,040
Supplement Disclosures:
Cash paid for interest
-
-
Cash paid for income tax
-
-
Page 4 of 11
Lincoln Mining, Inc.
(An Exploration Stage Company)
Notes to the Financial Statements
Note 1 – Nature and Continuance of Operations
The Company was incorporated in the State of Nevada on February 20, 2007. The Company is an Exploration Stage Company as defined by the Statement of Financial Accounting Standard ("SFAS) No.7. The Company has acquired a mineral property located in Elko County, within the state of Nevada and has not yet determined whether this property contains reserves that are economically recoverable. The recoverability of property expenditures will be dependent upon the discovery of economically recoverable reserves, confirmation of the company's interest in the underlying property, and the ability of the Company to obtain necessary financing to satisfy the expenditure requirements under the property agreement and upon future profitable production of proceeds for sale thereof.
Note 2 - Significant Accounting Policies
The following is a summary of significant account policies used in the preparation of these financial statements.
a.
Basis of presentation
The financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America applicable to exploration stage enterprises, and are expressed in U.S. dollars. The Company's fiscal year end is June 30.
b.
Cash and cash equivalents
Cash and cash equivalents include highly liquid investments with original maturities of three months or less.
c.
Mineral property costs
The Company has been in the exploration stage since its formation on February 20, 2007 and has not yet realized any revenues from its planned operations. It is primarily engaged in the acquisition and exploration of mining properties. Mineral property acquisition and exploration costs are charged to operations as incurred. When it has been determined that a mineral property can be economically developed as a result of establishing proven and probable reserves, the costs incurred to develop such property, are capitalized. Such costs will be amortized using the units-of-production method over the estimated life of the probable reserve.
Although the Company has taken steps to verify title to mineral properties in which it has an interest, according to the usual industry standards for the stage of
Page 5 of 11
Lincoln Mining, Inc.
(An Exploration Stage Company)
Notes to the Financial Statements
Note 2 - Significant Accounting Policies (continues)
exploration of such properties, these procedures do not guarantee the Company's title. Such properties may be subject to prior agreements or transfers and title may be affected by undetected defects.
d.
Fair Value of Financial instruments
Unless otherwise indicated, the fair values of all reported assets and liabilities which represent financial instruments (none of which are held for trading purposes) approximate the carrying values of such amounts.
e.
Environmental expenditures
The operations  of the Company have been, and may in the future, be affected from time to time, in varying degrees, by changes in environmental regulations, including those for future reclamation and site restoration costs. Both the likelihood of new regulations and their overall effect upon the Company vary greatly and are not predictable. The Company's policy is to meet or, if possible, surpass standards set by relevant legislation, by application of technically proven and economically feasible measures.
Environmental expenditures that relate to ongoing environmental and reclamation programs are charged against earnings as incurred or capitalized and amortized depending on their future economic benefits. Estimated future reclamation and site restoration costs, when the ultimate liability is reasonably determinable, are charged against earnings over the estimated remaining life of the related business operation, net of expected recoveries.
f. Income taxes
Deferred income taxes are reported for timing differences between items of income or expense reported in the financial statements and those reported for income tax purposes in accordance with SFAS No. 109,
Accounting for Income Taxes,
which requires the use of asset/liability method of accounting for income taxes. Deferred income taxes and tax benefits are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, and for tax loss and credit carry-forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered are settled. The Company provides for deferred taxes for the estimated future tax effects attributable to temporary differences and carry-forwards when realization is more likely than not.
Page 6 of 11
Lincoln Mining, Inc.
(An Exploration Stage Company)
Notes to the Financial Statements
Note 2 - Significant Accounting Policies (continues)
g.
Basic and diluted net loss per share
The Company computes net loss per share in accordance with SFAS No. 128,
Earnings per Share
. SFAS No. 128 requires presentation of both basic and diluted earnings per share ("EPS") on the face of the income statement. Basic EPS is computed by dividing net loss available to common shareholders (numerators) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all potentially dilutive common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all potentially dilutive shares if their effect is anti-dilutive.
For the Six Months Ended
December 31, 2007
Basic Earnings per share:
Income (Loss) (numerator)
$
(9,133
)
Shares (denominator)
5,420,000
Per Share Amount
$
.00
Fully Diluted Earnings per share:
Income (Loss) (numerator)
$
(9,133
)
Shares (denominator)
5,420,000
Per Share Amount
$
.00
h.
Use of estimates and assumptions
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. In these financial statements, assets, liabilities and earnings involve extensive reliance on management's estimates. Actual results could differ from those estimates.
The Company's periodic filing with the Securities and Exchange Commission ("SEC") include, where applicable, disclosures of estimates, assumptions, uncertainties, and market that could affect the financial statements and future operations of the Company.
i. Concentrations of credit risk
The Company's financial instruments that are exposed to concentrations of credit risk primarily consist of its cash and related party payables. The Company places its cash
Page 7 of 11
Lincoln Mining, Inc.
(An Exploration Stage Company)
Notes to the Financial Statements
Note 2 - Significant Accounting Policies (continues)
and cash equivalents with financial institutions of high credit worthiness. At times, its cash equivalents with a particular financial institution may exceed any applicable government insurance limits. The Company's management also routinely assesses the financial strength and credit worthiness of any parties to which it extends funds and as such, it believes that any associated credit risk exposures are limited.
j. Risks and uncertainties
The Company operates in the resource exploration industry that is subject to significant risks and uncertainties, including financial, operational, and other risks associated with operating a resource exploration business, including the potential risk of business failure.
Note 3 –
New Technical Pronouncements
In February 2007, the FASB issued SFAS No. 159, THE FAIR VALUE OPTION FOR FINANCIAL ASSETS AND FINANCIAL LIABILITIES – INCLUDING AN AMENDMENT OF FASB STATEMENT NO. 115. This statements objective is to improve financial reporting by providing the Company with the opportunity to mitigate volatility in reported earnings caused by measuring related assets and liabilities differently without having to apply complex hedge accounting provisions. This statement is expected to expand the use of fair value measurement, which is consistent with the FASB's long-term measurement objective for accounting for financial instruments. The adoption of SFAS 159 did not have an impact on the Company's financial statements.
In December 2007, the FASB issued SFAS No. 160, NONCONTROLLING INTERESTS IN CONSOLIDATED FINANCIAL STATEMENTS – AN AMENDMENT OF ARB NO. 51. This statements objective is to improve the relevance, comparability, and transparency of the financial information that a reporting entity provides in its consolidated financial statements by establishing accounting and reporting standards that require ownership interests in the subsidiaries held by parties other than the parent be clearly identified. The adoption of SFAS 160 did not have an impact on the Company's financial statements.
In December 2007, the FASB issued SFAS No. 141 (revised), BUSINESS COMBINATIONS. This revision statements objective is to improve the relevance, representational faithfulness, and comparability of the information that a reporting entity provides in its effects on recognizing identifiable assets and measuring goodwill. The adoption of SFAS 141 (revised) did not have an impact on the Company's financial statements.
Page 8 of 11
Lincoln Mining, Inc.
(An Exploration Stage Company)
Notes to the Financial Statements
Note 4 - Mineral Property
Pursuant to a mineral property purchase agreements dated May 24, 2007, the Company acquired a 100% undivided right, title and interest in a mineral claim, located in Section 8 of T35N, R36E Mount Diablo Base Meridian in the Elko County, within the state of Nevada for a cash payment of $10,000. Since the Company has not established the commercial feasibility of the mineral claim, the acquisition costs have been capitalized.
Note 5 – Related Party Payable
The president, John Pulos, advanced the Company $100 dollars to open the Company's bank account.
Note 6 - Capital Stock
Authorized
The total authorized capital is 75,000,000 common shares with a par value of $0.001 per common share.
Issued and outstanding
The Company issued 5,420,000 common stocks for cash at a range of $ 0.001 - $0.05 per share.
Note 7 - Income Taxes
The Company has losses carried forward for income tax purposes to June 30, 2008. There are no current or deferred tax expenses for the period ended June 30, 2008 due to the Company's loss position. The Company has fully reserved for any benefits of these losses. The deferred tax consequences of temporary differences in reporting items for financial statements and income tax purposes are recognized, as appropriate. Realization of the future tax benefits related to the deferred tax assets is dependent on many factors, including the Company's ability to generate taxable income within the net operating loss carry-forward period. Management has considered these factors in reaching its conclusion as to the valuation allowance for financial reporting purposes.
Page 9 of 11
Lincoln Mining, Inc.
(An Exploration Stage Company)
Notes to the Financial Statements
Note 7 - Income Taxes (continued)
The provision for refundable federal income tax consists of the following:
For the period from the inception on February 20, 2007 to December 31,2007
Deferred tax asset attributable to
Current operations
(3,489)
Less: Change in valuation allowance
3,489
Net refundable amount
-
The composition of the Company's deferred tax assets as at December 31, 2007 is as follows:
For the period from the inception on February 20, 2007 to December 31, 2007
Net operating loss carry forward
(10,261)
Statutory federal income tax rate
34%
Effective income tax rate
0%
Deferred tax asset
(3,489)
Less: Valuation allowance
3,489
Net deferred tax asset
-
The potential income tax benefit of these losses has been offset by a full valuation allowance.
As at December 31, 2007, the Company has an unused net operating loss carry-forward balance of approximately $10,261 that is available to offset future taxable income. This unused net operating loss carry-forward balance expires in 2027.
Page 10 of 11
Lincoln Mining, Inc.
(An Exploration Stage Company)
Notes to the Financial Statements
Note 8 – Going Concern
These financial statements have been prepared on a going concern basis. The Company has incurred losses since inception resulting in an accumulated deficit of $10,261 and further losses are anticipated in the development of its business. This raises substantial doubt about the Company's ability to continue as a going concern. Its ability to continue as a going concern is dependent upon the ability of the Company to generate profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management has plans to seek additional capital through a private placement and public offering of its common stock. These financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts of and classification of liabilities that might be necessary in the event the Company cannot continue in existence.
The ability of the Company to emerge from the exploration stage is dependent upon, among other things, obtaining additional financing to continue operations, explore and develop the mineral properties and the discovery, development, and sale of ore reserves.
In response to these problems, management has planned the following actions:
·
The Company intends to apply for a SB-2 Registration Statement.
·
Management intends to raise additional funds through public or private placement offerings.
These factors, among others raise substantial doubt about the Company's ability to continue as a going concern. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty.
Page 11 of 11
Plan Of Operation
Our plan of operation for the twelve months following the date of this prospectus is to complete the geologist recommended exploration work on the Zone Lode claim consisting of grid emplacement, concentrated geological mapping and sampling, geophysical surveys and an initial drill hole. We estimate that the cost of this entire program, which we will conduct in phases, will be approximately $50,000.
We intend to retain a professional geologist to undertake the proposed exploration on the Zone Lode claim. We do not have any verbal or written agreement regarding the retention of any particular geologist.
We intend to commence the initial phase of exploration in the spring of 2008 and anticipate that it will be completed by the fall of 2008, including the interpretation of all data collected.
As well, we anticipate spending an additional $25,000 on professional fees, including fees payable in connection with the filing of this registration statement and complying with reporting obligations.
Total expenditures over the next 12 months are therefore expected to be $75,000.
While we have enough funds on hand to commence initial exploration on the Zone Lode claim, we will require additional funding to cover our administrative expenses and to complete all recommended exploration. As well, we will need additional financing in order to complete any additional exploration that is recommended once this initial exploration is completed.
We anticipate that additional funding will be required in the form of equity financing from the sale of our common stock. However, we do not have any arrangements in place for any future equity financing.
Results Of Operations From Inception to December 31, 2007
We did not earn any revenues from our incorporation on February 20, 2007 to December 31, 2007. We have not commenced the exploration stage of our business and can provide no assurance that we will discover economic mineralization on the property.
We incurred operating expenses in the amount of $10,261 for the period from our inception on February 20, 2007 to December 31, 2007. These operating expenses were comprised of legal and accounting fees of $7,701, operation and administration expenses of $2,010 and consulting fees of $550.
We have not attained profitable operations and are dependent upon obtaining financing to pursue exploration activities. For these reasons, there is substantial doubt that we will be able to continue as a going concern.
Changes In And Disagreements With Accountants
We have had no changes in or disagreements with our accountants.
Available Information
We have filed a registration statement on form SB-2 under the Securities Act of 1933 with the Securities and Exchange Commission with respect to the shares of our common stock offered through this prospectus. This prospectus is filed as a part of that registration statement, but does not contain all of the information contained in the registration statement and exhibits. Statements made in the registration statement are summaries of the material terms of the referenced contracts, agreements or documents of the company. We refer you to our registration statement and each exhibit attached to it for a more detailed description of matters involving the company, and the statements we have made in this prospectus are qualified in their entirety by reference to these additional materials. You may inspect the registration statement, exhibits and schedules filed with the Securities and Exchange Commission at the Commission's principal office in Washington, D.C. Copies of all or any part of the registration statement may be obtained from the Public Reference Section of the Securities and Exchange Commission, 100 F Street NE, Washington, D.C. 20549. D.C. 20549. Please call the Commission at 1-800-SEC-0330 for further information on the operation of the public reference rooms.
45
The Securities and Exchange Commission also maintains a web site at http://www.sec.gov that contains reports, proxy statements and information regarding registrants that file electronically with the Commission. Our registration statement and the referenced exhibits can also be found on this site.
Directors, Executive Officers, Promoters And Control Persons
Our executive officer and director and his age as of the date of this prospectus is as follows:
Directors:
Name of Director
Age
John Pulos
40
Executive Officers:
Name of Officer
Age
Office
John Pulos
40
President, Chief Executive Officer, Secretary and Treasurer
Biographical Information
Set forth below is a brief description of the background and business experience of each of our executive officers and directors for the past five years.
Mr. Pulos has acted as our sole director and officer since our inception on February 20, 2007. He obtained his Bachelor of Arts degree in Political Science from the University of Washington and a Masters of Science degree in Real Estate Finance at New York University. For the past 20 years, Mr. Pulos has been self-employed in real estate sector where he has focused on land development, investment and land entitlements in the United States and Canada. He is currently involved in the purchase and resale of a 12 building portfolio of retail space, as well as numerous acquisitions of residential projects in the southern California market. Mr. Pulos intends to devote approximately
25% of his business time to our affairs. Mr. Pulos does not have any technical experience in the mineral exploration property business sector.
Term of Office
Our directors are appointed for a one-year term to hold office until the next annual general meeting of our shareholders or until removed from office in accordance with our bylaws. Our officers are appointed by our board of directors and hold office until removed by the board.
Significant Employees
We have no significant employees other than our sole officer and director.
Executive Compensation
Summary Compensation Table
The table below summarizes all compensation awarded to, earned by, or paid to our executive officers by any person for all services rendered in all capacities to us for the fiscal period from our incorporation on February 20, 2007 to June 30, 2007 (our fiscal year end) and subsequent thereto to the date of this prospectus.
46
SUMMARY COMPENSATION TABLE
Name
and
Principal
Position
Year
Salary
($)
Bonus
($)
Stock
Awards
($)
Option
Awards
($)
Non-Equity
Incentive
Plan
Compensation
($)
Change in
Pension
Value and
Nonqualified
Deferred
Compensation
Earnings
($)
All
Other
Compensation
($)
Total
($)
John Pulos
President, CEO,
Secretary, Treasurer
and a director
2008
2007
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
Stock Option Grants
We have not granted any stock options to the executive officers since our inception.
Consulting Agreements
We do not have any employment or consulting agreement with John Pulos. We do not pay him any amount for acting as a director.
Security Ownership Of Certain Beneficial Owners And Management
The following table provides the names and addresses of each person known to us to own more than 5% of our outstanding common stock as of the date of this prospectus, and by the officers and directors, individually and as a group. Except as otherwise indicated, all shares are owned directly.
Title of
Class
Name and address
of  beneficial owner
Amount of
beneficial
ownership
Percent
of class
Common
John Pulos
3,000,000
55.35%
Stock
President, Chief
Executive Officer,
Secretary, Treasurer
and Director
605 Pacific Ave.
Manhattan Beach, CA
90266
Common
All Officers and Directors
3,000,000
55.35%
Stock
as a group that consists of
shares
one person
The percent of class is based on 5,420,000 shares of common stock issued and outstanding as of the date of this prospectus.
Certain Relationships And Related Transactions
None of the following parties has, since our date of incorporation, had any material interest, direct or indirect, in any transaction with us
47
or in any presently proposed transaction that has or will materially affect us:
* Any of our directors or officers;
* Any person proposed as a nominee for election as a director;
* Any person who beneficially owns, directly or indirectly, shares carrying more than 5% of the voting rights attached to our outstanding shares of common stock;
* Our sole promoter, John Pulos;
* Any relative or spouse of any of the foregoing persons who has the same house as such person;
* Immediate family members of directors, director nominees, executive officers and owners of 5% or more of our common stock.
Disclosure Of Commission Position Of Indemnification For
Securities Act Liabilities
Our directors and officers are indemnified as provided by the Nevada Revised Statutes and our Bylaws. We have been advised that in the opinion of the Securities and Exchange Commission indemnification for liabilities arising under the Securities Act is against public policy as expressed in the Securities Act, and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities is asserted by one of our directors, officers, or controlling persons in connection with the securities being registered, we will, unless in the opinion of our legal counsel the matter has been settled by controlling precedent, submit the question of whether such indemnification is against public policy to court of appropriate jurisdiction. We will then be governed by the court's decision.
Until 90 days from the date of this prospectus, all dealers that effect transactions in these securities whether or not participating in this offering, may be required to deliver a prospectus. This is in addition to the dealer's obligation to deliver a prospectus when acting as underwriters and with respect to their unsold allotments or subscriptions.
48
Part II
Information Not Required In The Prospectus
Other Expenses Of Issuance And Distribution
The estimated costs of this offering are as follows:
Securities and Exchange Commission registration fee
$
12.95
Transfer Agent Fees
$
3,000.00
Accounting fees and expenses
$
8,000.00
Legal fees and expenses
$
3,000.00
Edgar filing fees
$
1,500.00
Total
$
15,512.95
All amounts are estimates other than the Commission's registration fee.
We are paying all expenses of the offering listed above. No portion of these expenses will be borne by the selling shareholders. The selling shareholders, however, will pay any other expenses incurred in selling their common stock, including any brokerage commissions or costs of sale.
Indemnification Of Directors And Officers
Our officers and directors are indemnified as provided by the Nevada Revised Statutes and our bylaws.
Under the NRS, director immunity from liability to a company or its shareholders for monetary liabilities applies automatically unless it is specifically limited by a company's articles of incorporation that is not the case with our articles of incorporation. Excepted from that immunity are:
(1)
a willful failure to deal fairly with the company or its shareholders in connection with a matter in which the director has a material conflict of interest;
(2)
a violation of criminal law (unless the director had reasonable cause to believe that his or her conduct was lawful or no reasonable cause to believe that his or her conduct was unlawful);
(3)
a transaction from which the director derived an improper personal profit; and
(4)
willful misconduct.
Our bylaws provide that we will indemnify our directors and officers to the fullest extent not prohibited by Nevada law; provided, however, that we may modify the extent of such indemnification by individual contracts with our directors and officers; and, provided, further, that we shall not be required to indemnify any director or officer in connection with any proceeding (or part thereof) initiated by such person unless:
(1)
such indemnification is expressly required to be made by law;
(2)
the proceeding was authorized by our Board of Directors;
(3)
such indemnification is provided by us, in our sole discretion, pursuant to the powers vested us under Nevada law; or
(4)
such indemnification is required to be made pursuant to the bylaws.
Our bylaws provide that we will advance all expenses incurred to any person who was or is a party or is threatened to be made a party
49
to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative, by reason of the fact that he is or was our director or officer, or is or was serving at our request as a director or executive officer of another company, partnership, joint venture, trust or other enterprise, prior to the final disposition of the proceeding, promptly following request. This advanced of expenses is to be made upon receipt of an undertaking by or on behalf of such person to repay said amounts should it be ultimately determined that the person was not entitled to be indemnified under our bylaws or otherwise.
Our bylaws also provide that no advance shall be made by us to any officer in any action, suit or proceeding, whether civil, criminal, administrative or investigative, if a determination is reasonably and promptly made: (a) by the board of directors by a majority vote of a quorum consisting of directors who were not parties to the proceeding; or (b) if such quorum is not obtainable, or, even if obtainable, a quorum of disinterested directors so directs, by independent legal counsel in a written opinion, that the facts known to the decision- making party at the time such determination is made demonstrate clearly and convincingly that such person acted in bad faith or in a manner that such person did not believe to be in or not opposed to our best interests.
Recent Sales Of Unregistered Securities
We issued 3,000,000 shares of our common stock to John Pulos on April 13, 2007. Mr. Pulos is our president, chief executive officer, treasurer, secretary and a director. He acquired these 3,000,000 shares at a price of $0.001 per share for total proceeds to us of $3,000.00. These shares were issued pursuant to Section 4(2) of the Securities Act of 1933 (the "Securities Act").
In connection with this issuance, Mr. Pulos was provided with access to all material aspects of the company, including the business, management, offering details, risk factors and financial statements.
He also represented to us that they were each acquiring the shares as principal for his own account with investment intent. He also represented that he was sophisticated, having prior investment experience and having adequate and reasonable opportunity and access to any corporate information necessary to make an informed decision. This issuance of securities was not accompanied by general advertisement or general solicitation. The shares were issued with a Rule 144 restrictive legend.
We completed an offering of 1,000,000 shares of our common stock at a price of $0.001 per share to the following four purchasers on April 14, 2007:
Name of Subscriber
Number of Shares
Marine Markin
250,000
Blair Sorby
250,000
Tiffeni Aliece Graves
250,000
Xavier Franco
250,000
The total amount received from this offering was $1,000. We completed this offering pursuant to Regulation D of the Securities Act.
We completed an offering of 1,000,000 shares of our common stock at a price of $0.01 per share to the following 10 purchasers on April 18, 2007:
Name of Subscriber
Number of Shares
John H. Schweitzer
100,000
Joey D. Ball
100,000
Courtney Kramer
100,000
Eric Heldwein
100,000
Steven W. Woods
100,000
John Scasino
100,000
Joseph W. Glennanthony
100,000
Julie McDonald
100,000
Maryon Yip
100,000
Thomas Taubman
100,000
50
The total amount received from this offering was $10,000. We completed this offering pursuant to Regulation D of the Securities Act.
We completed an offering of 420,000 shares of our common stock at a price of $0.05 per share to the following 14 purchasers on May 24, 2007:
Name of Subscriber
Number of Shares
Edward R. Landy
30,000
Kirk Strassman
30,000
Robin Landy
30,000
Kristin Wall
30,000
Jason Wall
30,000
Cynthia Reis
30,000
Dominic M. Reis
30,000
Collen White
30,000
Stephen Coles
30,000
Aaron M. Coles
30,000
Ryan Mallen
30,000
Ernesto Barragan
30,000
Tonya Christianson
30,000
Matthew Moldin
30,000
The total amount received from this offering was $21,000. We completed this offering pursuant to Regulation D of the Securities Act.
Regulation D and Rule 504 Compliance
All sales of securities pursuant to Regulation D were part of the same offering. No sales of securities were made more than six months before the start of the Regulation D offerings or made more than six months after completion of the Regulation D offerings.
We did not, nor did any person acting on our behalf, offer or sell the securities by any form of general solicitation or general advertising.
Pursuant to the limitations on resale contained in Regulation D, we exercised reasonable care to assure that purchasers were not underwriters within the meaning of section 2(11) of the Act by inquiring of each and every purchaser the following: (1) that each purchaser was purchasing the securities for the purchaser's own account
for investment purposes and not with a view towards distribution, and (2) that each purchaser had no arrangement or intention to sell the securities. Further, written disclosure was provided to each purchaser prior to the sale that the securities have not been registered under the Act and, therefore, cannot be resold unless the securities are registered under the Act or unless an exemption from registration is available.
All securities sold pursuant to Regulation D contained a restrictive legend on the share certificate stating that the securities have not been registered under the Act and setting forth or referring to the restrictions on transferability and sale of the securities.
Exhibits
Exhibit
Number
Description
3.1
Articles of Incorporation
3.2
By-Laws
5.1
Legal opinion of Siegel, Lipman, Dunay, Shepard & Miskel LLP, with consent to use
10.1
Mineral Property Purchase Agreement
23.1
Consent of Chisholm Bierwolf & Nilson, CPA's
99.1
Zone Lode claim Location Map
51
The undersigned registrant hereby undertakes:
1.
To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:
(a)
To include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;
(b)
To reflect in the prospectus any facts or events arising after the effective date of this registration statement, or most recent post-effective amendment, which, individually or in the aggregate, represent a fundamental change in the information set forth in this registration statement; Notwithstanding the forgoing, any increase or decrease in Volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the commission pursuant to Rule 424(b)if, in the aggregate, the changes in the volume and price represent no more than 20% change in the maximum aggregate offering price set forth in the "Calculation of Registration Fee" table in the effective registration statement.
(c)
To include any material information with respect to the plan of distribution not previously disclosed in this registration statement or any material change to such information in the registration statement.
2.
That, for the purpose of determining any liability under the
Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered herein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
3.
To remove from registration by means of a post-effective amendment any of the securities being registered hereby which remain unsold at the termination of the offering.
4.
Insofar as indemnification for liabilities arising under the Securities Act may be permitted to officers, directors, and controlling persons pursuant to the provisions above, or otherwise, we have been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act, and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities is asserted our director, officer, or other controlling person in connection with the securities registered, we will, unless in the opinion of our legal counsel the matter has been settled by controlling precedent, submit the question of whether such indemnification is against public policy to a court of appropriate jurisdiction. We will then be governed by the final adjudication of such issue.
5.
Each prospectus filed pursuant to Rule 424(b) as part of a Registration statement relating to an offering, other than registration statements relying on Rule 430(B) or other than prospectuses filed in reliance on Rule 430A, shall be deemed to be part of and included in the registration statement as of the date it is first used after effectiveness. Provided; however, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by referenced into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such first use, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such date of first use.
Insofar as indemnification for liabilities arising under the Securities Act may be permitted to our directors, officers and controlling persons pursuant to the provisions above, or otherwise, we have been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act, and is, therefore, unenforceable.
In the event that a claim for indemnification against such liabilities, other than the payment by us of expenses incurred or paid by one of our directors, officers, or controlling persons in the successful defense of any action, suit or proceeding, is asserted by one of our directors, officers, or controlling person sin connection with the securities being registered, we will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification is against public policy as expressed in the Securities Act, and we will be governed by the final adjudication of such issue.
52
Signatures
Pursuant to the requirements of the Securities Act of 1933, the registrant has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized in the City of Mahattan Beach, State of California, on April 1, 2008.
Lincoln Mining Corp.
By:/s/ John Pulos
John Pulos
President, Chief Executive Officer,
Secretary, Treasurer, principal
accounting officer, principal
financial officer and Director
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates stated.
SIGNATURE
CAPACITY IN WHICH SIGNED
DATE
/s/ John Pulos
President, Chief Executive
April 1, 2008
Officer, Secretary, Treasurer,
John Pulos
principal accounting officer,
principal financial officer
and Director
53