Results of Operations for the fiscal years ended April 30, 2020 and 2019.

For the three months ended April 30, 2020 we did not earn any revenues. We incurred total operating expenses of $13,625 (2019 - $14,366) and incurred a net loss in the amount of $13,625 (2019 -$14,366).

Our expenses during the three months ended April 30, 2020 consisted of audit and accounting fees of $6,000 (2019 - $6,000), Office and miscellaneous expenses of $6,038 (2019 - $6,042) and transfer and filing fees of $1,587 (2019 - $2,324).

For the year ended April 30, 2020 we did not earn any revenues. For the year ended April 30, 2020 we incurred total operating expenses of $46,683 (2019 - $44,924) and incurred a net loss of $46,683 (2019 - 44,924).

Our expenses during the year ended April 30, 2020 consisted of audit and accounting fees of $16,500 (2019 - $15,400), Office and miscellaneous expenses of $24,182 (2019 - $24,251), legal fees of $1,046 (2019 - $665), and transfer and filing fees of $4,955 (2019 - $4,608).

Our operating losses are attributable to operating expenses together with a lack of any revenues.

Liquidity and Capital Resources

As of April 30, 2020, we had total current assets of $436 (April 30, 2019 - $139), consisting entirely of cash. We had current liabilities of $212,910 (April 30, 2019 - $165,930). Accordingly, we had a working capital deficit of $212,474 as of April 30, 2020 (April 30, 2019 - $165,791).

To date, we have funded our operations primarily through loans from related parties and from unrelated third parties. As of April 30, 2020, we owed our current CEO $200,909 for advances.

We do not currently have sufficient funds to repay our existing debts. If we are unable to secure additional financing, we could fail and investors may lose some or all of their investment. In addition, we are no longer pursuing exploration or development of the Donald Property and our option for that property has expired. We are currently searching for other opportunities in the mineral exploration field. As such, we are unable to provide an accurate estimate of our financial requirements for the next twelve months. If we do identify a suitable business opportunity that we wish to pursue, we will likely need substantial financing. If we fail to obtain sufficient financing, our ability to pursue alternative business opportunities may be limited. We do not currently have any financing arrangements in place, and there is no assurance that sufficient financing will be available to us when needed.

Off Balance Sheet Arrangements

As of April 30, 2020, there were no off balance sheet arrangements.





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Critical Accounting Policies

In December 2001, the SEC requested that all registrants list their most "critical accounting polices" in the Management Discussion and Analysis. The SEC indicated that a "critical accounting policy" is one which is both important to the portrayal of a company's financial condition and results, and requires management's most difficult, subjective or complex judgments, often as a result of the need to make estimates about the effect of matters that are inherently uncertain. Currently, we do not believe that any accounting policies fit this definition.

Recently Issued Accounting Pronouncements

We do not expect the adoption of any recently issued accounting pronouncements to have an impact on our results of operations or financial position.

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