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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>NOTE 1 – ORGANIZATION AND NATURE OF BUSINESS</b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Earth Life Sciences Inc. (the “Company”)
was incorporated in the state of Nevada on November 2, 2001. Originally the corporate name was Altus Explorations, Inc. On June
2, 2014 the Company changed its name to Earth Life Sciences Inc.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On October 1, 2010, the Company entered into
a Share Exchange Agreement (the “Agreement”) with UWD Unitas World Development Inc. (“UWD”), a privately
held Canadian incorporated company. Pursuant to the Agreement, the Company issued 80,000,000 shares of common stock for the acquisition
100% of the issued shares of Canadian Tactical Training Academy Inc (“CTTA”). The Company operations consisted of the
training of law enforcement, security, investigation and protection for officers and individuals. During the year ended December
31, 2015 the Company discontinued the operations of CTTA and returned the shares of CTTA.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On June 12, 2015, the Company, through an option
agreement, issued 225,000,000 shares to Mr. Song Bo, to earn the mineral rights for the White Channel mineral claims located in
British Columbia. The Company embarked on mineral exploration program. The Company is also pursuing an interest in the marijuana
market.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">These financial statements have been prepared
on a going concern basis, which implies the Company will continue to realize its assets and discharge its liabilities in the normal
course of business. The Company is unlikely to pay dividends or generate significant earnings in the immediate or foreseeable future.
The continuation of the Company as a going concern and the ability of the Company to emerge from the Development stage are dependent
upon management’s successful efforts to raise additional equity financing to continue operations and generate sustainable
significant revenues.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">These financial statements do not include any
adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be
necessary should the Company be unable to continue as a going concern. The Company will require significant additional financial
resources and will be dependent on future financings to fund its ongoing operations as well as other working capital requirements.
There is no guarantee that management will be able to raise adequate equity financings or generate profits from operations. These
factors raise substantial doubt regarding the Company’s ability to continue as a going concern.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Management of the Company has undertaken steps
as part of a plan with the goal of sustaining Company operations for the next twelve months and beyond. These steps include: (a)
continuing efforts to raise additional capital and/or other forms of financing; and (b) controlling overhead and expenses. Management
is aware that material uncertainties exist, related to current economic conditions, which could cast a doubt about the Company’s
ability to continue to finance its activities. It is to be expected that the Company may incur further losses in the Development
of its business and there can be no assurance that any of these efforts will be successful.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>NOTE 2 – SUMMARY OF ACCOUNTING POLICIES</b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Basis of Presentation</b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The financial statements of the Company have
been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”)
and are expressed in U.S. dollars. The Company’s fiscal year-end is December 31.  </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Use of Estimates</b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The preparation of financial statements in
conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities
and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues
and expenses during the reporting periods. Actual results could materially differ from those estimates and assumptions. Significant
areas requiring the use of management estimates relate to the determination of impairment of long-lived assets, expected tax rates
for future income tax recoveries and determining the fair values of financial instruments.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Equipment</b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Equipment is recorded at cost. Additions are
capitalized and maintenance and repairs are charged to expense as incurred. Gains and losses on dispositions of equipment are reflected
in operations. Depreciation is provided using the straight-line method over the estimated useful lives of the assets.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Mineral properties and development costs</b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">All direct costs related to the acquisition
of mineral property interests are capitalized. Mineral property exploration expenditures are expensed when incurred. When it has
been established that a mineral deposit is commercially mineable, an economic analysis has been completed in accordance with SEC
Industry Guide 7 and permits are obtained, the costs subsequently incurred to develop a mine on the property prior to the
start of mining operations are capitalized. Capitalized costs will be amortized following commencement of production using the
unit of production method over the estimated life of proven and probable reserves.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The acquisition of title to mineral properties
is a complicated and uncertain process. The Company has taken steps, in accordance with industry standards, to verify the title
to mineral properties in which it has an interest. Although the Company has made efforts to ensure that legal titles to its mining
assets are properly recorded, there can be no assurance that such title will be secured indefinitely.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Impairment of Assets</b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company reviews the carrying value of its
long-lived assets annually or whenever events or changes in circumstances indicate that the historical carrying value of an asset
may no longer be appropriate. The Company assesses recoverability of the carrying value cost of the asset by estimating the future
net cash flows expected to result from the asset, including eventual disposition. If the future net cash flows are less than the
carrying value of the asset, an impairment loss is recorded equal to the difference between the asset’s carrying value and
fair value.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Other Comprehensive Income</b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company reports and displays comprehensive
income and its components in the financial statements. During the years ended December 31, 2016 and 2015, the Company recorded
unrealized foreign exchange gains of $nil and $30,801 respectfully.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Income Taxes</b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company uses the asset and liability method
of accounting for income taxes. Under this method, deferred income tax assets and liabilities are recognized for the future tax
consequences attributable to temporary differences between the financial statements carrying amounts of assets and liabilities
and their respective tax bases. 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 or settled.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company recognizes the financial statement
benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position
following an audit. For tax positions meeting this standard, the amount recognized in the financial statements is the largest benefit
that has a greater than 50 percent likelihood of being realized upon ultimate settlement with the relevant tax authority.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Basic and Diluted Loss per Share</b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Basic loss per share is computed using the
weighted average number of common shares outstanding during the year. Diluted earnings per share reflect the potential dilution
that could occur if potentially dilutive securities were exercised or converted to common stock. The dilutive effect of options
and warrants and their equivalent is computed by application of the treasury stock method and the effect of convertible securities
by the “if converted” method. For the years presented, diluted loss per share is equal to basic loss per share as the
effect of the computations are anti-dilutive.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Financial Instruments</b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company’s balance sheet includes
financial instruments, specifically accounts payable, accrued expenses, and payables to related parties. The carrying amounts of
current assets and current liabilities approximate their fair value because of the relatively short period of time between the
origination of these instruments and their expected realization.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">ASC 820, <i>Fair Value Measurements and Disclosures</i>,
defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in
the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the
measurement date. ASC 820 also establishes a fair value hierarchy that distinguishes between (1) market participant assumptions
developed based on market data obtained from independent sources (observable inputs) and (2) an entity’s own assumptions
about market participant assumptions developed based on the best information available in the circumstances (unobservable inputs).
The fair value hierarchy consists of three broad levels, which gives the highest priority to unadjusted quoted prices in active
markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels
of the fair value hierarchy are described below:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 17.3pt; text-align: justify">Level 1 - Unadjusted quoted prices
in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 17.3pt; text-align: justify">Level 2 - Inputs other than quoted
prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted
prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets
that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates); and
inputs that are derived principally from or corroborated by observable market data by correlation or other means.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 0pt; margin-top: 0; margin-bottom: 0; margin-left: 17.3pt">Level
3 - Inputs that are both significant to the fair value measurement and unobservable.</p>
<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 0pt; margin-top: 0; margin-bottom: 0; margin-left: 17.3pt"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Fair value estimates discussed herein are based
upon certain market assumptions and pertinent information available to management as of December 31, 2016. The respective carrying
value of certain on-balance-sheet financial instruments approximated their fair values due to the short-term nature of these instruments.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><u>Revenue Recognition</u></b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company follows ASC 605, Revenue Recognition
- The Company recognizes revenue when it is realized or realizable and earned.  The Company considers revenue realized or
realizable and earned when all of the following criteria are met: (i) persuasive evidence of an arrangement exists, (ii) the product
has been shipped or the services have been rendered to the customer, (iii) the sales price is fixed or determinable, and (iv) collectability
is reasonably assured.  The Company provides services to companies on a time and materials basis and recognizes revenues upon
billing of time and materials at which all services have been completed and there is no warranty or returns on services.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><u>Deferred Income Taxes and Valuation Analysis</u></b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company accounts for income taxes under
ASC 740 <i>Income Taxes</i>.  Under the asset and liability method of ASC 740, deferred tax assets and liabilities are recognized
for the future tax consequences attributable to differences between the financial statements carrying amounts of existing assets
and liabilities and their respective tax bases.  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 or settled.
 The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period the enactment
occurs.  A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company
will not realize tax assets through future operations.  No deferred tax assets or liabilities were recognized as of December
31, 2016 or December 31, 2015.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><u>Net Income (loss) per Common Share</u></b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Net income (loss) per share is calculated in
accordance with ASC 260, “Earnings Per Share.”  The weighted-average number of common shares outstanding during
each period is used to compute basic earning or loss per share.  Diluted earnings or loss per share is computed using the
weighted average number of shares and diluted potential common shares outstanding.  Dilutive potential common shares are additional
common shares assumed to be exercised.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Basic net income (loss) per common share is
based on the weighted average number of shares of common stock outstanding at December 31, 2016 and at December 31, 2015.  </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><u>Share Based Compensation</u></b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">ASC 718, <i>Compensation – Stock Compensation</i>,
prescribes accounting and reporting standards for all share-based payment transactions in which employee services are acquired. 
Transactions include incurring liabilities, or issuing or offering to issue shares, options, and other equity instruments such
as employee stock ownership plans and stock appreciation rights.  Share-based payments to employees, including grants of employee
stock options, are recognized as compensation expense in the financial statements based on their fair values. That expense is recognized
over the period during which an employee is required to provide services in exchange for the award, known as the requisite service
period (usually the vesting period). </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company accounts for stock-based compensation
issued to non-employees and consultants in accordance with the provisions of ASC 505-50, <i>Equity – Based Payments to Non-Employees.</i>
 Measurement of share-based payment transactions with non-employees is based on the fair value of whichever is more reliably
measurable: (a) the goods or services received; or (b) the equity instruments issued.  </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Share-based expense for the periods ended December
31, 2016 and 2015 totaled $nil and $nil, respectively.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><u>Recent Accounting Pronouncements</u></b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In June 2014, FASB issued Accounting Standards
Update (ASU) No. 2014-12 <i>Compensation — Stock Compensation (Topic 718), Accounting for Share-Based Payments When the Terms
of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period.</i>  A performance target
in a share-based payment that affects vesting and that could be achieved after the requisite service period should be accounted
for as a performance condition under Accounting Standards Codification (ASC) 718, <i>Compensation — Stock Compensation</i>.
As a result, the target is not reflected in the estimation of the award’s grant date fair value. Compensation cost would
be recognized over the required service period, if it is probable that the performance condition will be achieved.  The guidance
is effective for annual periods beginning after 15 December 2015 and interim periods within those annual periods. Early adoption
is permitted.  Management has reviewed the ASU and believes that they currently account for these awards in a manner consistent
with the new guidance, therefore there is no anticipation of any effect to the consolidated financial statements.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In August 2014, FASB issued Accounting Standards
Update (ASU) No. 2014-15 <i>Preparation of Financial Statements – Going Concern (Subtopic 205-40), Disclosure of Uncertainties
about an Entity’s Ability to Continue as a Going Concern.</i> Under generally accepted accounting principles (GAAP), continuation
of a reporting entity as a going concern is presumed as the basis for preparing financial statements unless and until the entity’s
liquidation becomes imminent. Preparation of financial statements under this presumption is commonly referred to as the going concern
basis of accounting. If and when an entity’s liquidation becomes imminent, financial statements should be prepared under
the liquidation basis of accounting in accordance with Subtopic 205-30, <i>Presentation of Financial Statements—Liquidation
Basis of Accounting</i>. Even when an entity’s liquidation is not imminent, there may be conditions or events that raise
substantial doubt about the entity’s ability to continue as a going concern. In those situations, financial statements should
continue to be prepared under the going concern basis of accounting, but the amendments in this Update should be followed to determine
whether to disclose information about the relevant conditions and events.  The amendments in this Update are effective for
the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. Early application is permitted.
 The Company will evaluate the going concern considerations in this ASU, however, at the current period, management does not
believe that it has met conditions which would subject these financial statements for additional disclosure.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>NOTE 3 – DISCONTINUED OPERATIONS</b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As at December 31, 2015, the Company disinvested
and discontinued the operations of subsidiary company, CTTA, based on poor earnings and potential future losses. Operations for
the year ended December 31, 2016 and operations previously reported for the year ended December 31, 2015 have been shown as discontinued
operations as per the following schedule:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Discontinued Operations</b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<table cellspacing="0" cellpadding="0" style="font: 10pt/normal Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
<tr style="vertical-align: bottom">
<td style="border-bottom: black 1pt solid; text-align: left; font-weight: bold; white-space: nowrap"> </td>
<td style="border-bottom: black 1pt solid"> </td>
<td colspan="2" style="border-bottom: black 1pt solid; text-align: center; white-space: nowrap">For the year ended<br /> December 31, 2016</td>
<td style="border-bottom: black 1pt solid"> </td>
<td style="border-bottom: black 1pt solid"> </td>
<td colspan="2" style="border-bottom: black 1pt solid; text-align: center; white-space: nowrap">For the year ended<br /> December 31, 2015</td>
<td style="border-bottom: black 1pt solid"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="border-bottom: black 1pt solid; width: 66%; font-weight: bold">Revenues</td>
<td style="border-bottom: black 1pt solid; width: 3%"> </td>
<td style="border-bottom: black 1pt solid; width: 1%; text-align: left">$</td>
<td style="border-bottom: black 1pt solid; width: 12%; text-align: right">-</td>
<td style="border-bottom: black 1pt solid; width: 1%; text-align: left; white-space: nowrap"> </td>
<td style="border-bottom: black 1pt solid; width: 3%"> </td>
<td style="border-bottom: black 1pt solid; width: 1%; text-align: left">$</td>
<td style="border-bottom: black 1pt solid; width: 12%; text-align: right">47,575</td>
<td style="border-bottom: black 1pt solid; width: 1%; text-align: left; white-space: nowrap"> </td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="border-bottom: black 1pt solid; text-align: left; padding-left: 8.65pt">Total revenues</td>
<td style="border-bottom: black 1pt solid"> </td>
<td style="border-bottom: black 1pt solid; text-align: left"> </td>
<td style="border-bottom: black 1pt solid; text-align: right">-</td>
<td style="border-bottom: black 1pt solid; text-align: left; white-space: nowrap"> </td>
<td style="border-bottom: black 1pt solid"> </td>
<td style="border-bottom: black 1pt solid; text-align: left"> </td>
<td style="border-bottom: black 1pt solid; text-align: right">57,879</td>
<td style="border-bottom: black 1pt solid; text-align: left; white-space: nowrap"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td> </td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right"> </td>
<td style="text-align: left; white-space: nowrap"> </td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right"> </td>
<td style="text-align: left; white-space: nowrap"> </td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="font-weight: bold">Expenses</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right"> </td>
<td style="text-align: left; white-space: nowrap"> </td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right"> </td>
<td style="text-align: left; white-space: nowrap"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="text-align: left; padding-left: 8.65pt">Bad debts</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">-</td>
<td style="text-align: left; white-space: nowrap"> </td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">-</td>
<td style="text-align: left; white-space: nowrap"> </td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="text-align: left; padding-left: 8.65pt">Bank charges and interest</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">-</td>
<td style="text-align: left; white-space: nowrap"> </td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">3,943</td>
<td style="text-align: left; white-space: nowrap"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="text-align: left; padding-left: 8.65pt">Consulting and subcontractors</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">-</td>
<td style="text-align: left; white-space: nowrap"> </td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">22,165</td>
<td style="text-align: left; white-space: nowrap"> </td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="border-bottom: black 1pt solid; text-align: left; padding-left: 8.65pt">Office and general</td>
<td style="border-bottom: black 1pt solid"> </td>
<td style="border-bottom: black 1pt solid; text-align: left"> </td>
<td style="border-bottom: black 1pt solid; text-align: right">-</td>
<td style="border-bottom: black 1pt solid; text-align: left; white-space: nowrap"> </td>
<td style="border-bottom: black 1pt solid"> </td>
<td style="border-bottom: black 1pt solid; text-align: left"> </td>
<td style="border-bottom: black 1pt solid; text-align: right">23,055</td>
<td style="border-bottom: black 1pt solid; text-align: left; white-space: nowrap"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="border-bottom: black 1pt solid"> </td>
<td style="border-bottom: black 1pt solid"> </td>
<td style="border-bottom: black 1pt solid; text-align: left"> </td>
<td style="border-bottom: black 1pt solid; text-align: right">-</td>
<td style="border-bottom: black 1pt solid; text-align: left; white-space: nowrap"> </td>
<td style="border-bottom: black 1pt solid"> </td>
<td style="border-bottom: black 1pt solid; text-align: left"> </td>
<td style="border-bottom: black 1pt solid; text-align: right">(49,163</td>
<td style="border-bottom: black 1pt solid; text-align: left; white-space: nowrap">)</td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="text-align: left">Net loss</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">-</td>
<td style="text-align: left; white-space: nowrap"> </td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">(1,588</td>
<td style="text-align: left; white-space: nowrap">)</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="text-align: left; font-weight: bold">Other items</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right"> </td>
<td style="text-align: left; white-space: nowrap"> </td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right"> </td>
<td style="text-align: left; white-space: nowrap"> </td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="text-align: left; padding-left: 8.65pt">Gain on reversal of debt (note 6 and note 7)</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">-</td>
<td style="text-align: left; white-space: nowrap"> </td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">439,118</td>
<td style="text-align: left; white-space: nowrap"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="border-bottom: black 1pt solid; text-align: left; padding-left: 8.65pt">Foreign exchange gain</td>
<td style="border-bottom: black 1pt solid"> </td>
<td style="border-bottom: black 1pt solid; text-align: left"> </td>
<td style="border-bottom: black 1pt solid; text-align: right">-</td>
<td style="border-bottom: black 1pt solid; text-align: left; white-space: nowrap"> </td>
<td style="border-bottom: black 1pt solid"> </td>
<td style="border-bottom: black 1pt solid; text-align: left"> </td>
<td style="border-bottom: black 1pt solid; text-align: right">37,453</td>
<td style="border-bottom: black 1pt solid; text-align: left; white-space: nowrap"> </td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="border-bottom: black 1pt solid; text-align: left; font-weight: bold">Total comprehensive income (loss)</td>
<td style="border-bottom: black 1pt solid"> </td>
<td style="border-bottom: black 1pt solid; text-align: left">$</td>
<td style="border-bottom: black 1pt solid; text-align: right">-</td>
<td style="border-bottom: black 1pt solid; text-align: left; white-space: nowrap"> </td>
<td style="border-bottom: black 1pt solid"> </td>
<td style="border-bottom: black 1pt solid; text-align: left">$</td>
<td style="border-bottom: black 1pt solid; text-align: right">474,983</td>
<td style="border-bottom: black 1pt solid; text-align: left; white-space: nowrap"> </td></tr>
</table>
<p style="margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 0pt; margin-top: 0; margin-bottom: 0; margin-left: 0">The
components of major assets and liabilities of discontinued operations at December 31, 2016 and 2015 were as follows:</p>
<p style="margin: 0"> </p>
<table cellspacing="0" cellpadding="0" style="font: 10pt/normal Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
<tr style="vertical-align: bottom">
<td style="border-bottom: black 1pt solid"> </td>
<td style="border-bottom: black 1pt solid"> </td>
<td colspan="2" style="border-bottom: black 1pt solid; text-align: center">2016</td>
<td style="border-bottom: black 1pt solid; text-align: left; white-space: nowrap"> </td>
<td style="border-bottom: black 1pt solid"> </td>
<td colspan="2" style="border-bottom: black 1pt solid; text-align: center">2015</td>
<td style="border-bottom: black 1pt solid; text-align: left; white-space: nowrap"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="width: 66%">Assets</td>
<td style="width: 3%"> </td>
<td style="width: 1%; text-align: left">$</td>
<td style="width: 12%; text-align: right">-</td>
<td style="width: 1%; text-align: left; white-space: nowrap"> </td>
<td style="width: 3%"> </td>
<td style="width: 1%; text-align: left">$</td>
<td style="width: 12%; text-align: right">-</td>
<td style="width: 1%; text-align: left; white-space: nowrap"> </td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>NOTE 4 – MINERAL PROPERTIES</b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On June 19, 2015, the Company entered into
an option agreement (“Agreement”) with Song Bo, a private mineral holder, to earn a 100% beneficial interest in certain
mineral concessions known as the White Channel mineral claims (the “Property”).  Under the terms of the Agreement
the Company will have the right to purchase the right, title, and interest in the Property as well as enter onto the Property to
conduct reconnaissance, exploration, and development work on the Property.  In exchange, the Company issued 225,000,000 restricted
shares and will pay the sum of $180,000 payable in instalments of $30,000 on the 15th of every month commencing July 15, 2015 through
December 15, 2015.  In addition, the Company shall pay a further $50,000 on each anniversary of the Agreement for a period
of four years commencing June 19, 2016 through June 19, 2019.  The fair value of the issuance of the restricted shares was
calculated to be $6,750,000. The Property is subject to a 4% NSR on precious metals, and also subject to royalty payments of $0.25
per tonne on the sale of pit run products or processed products; or $0.35 per tonne on the sale of processed mineral products where
the selling price of the processed minerals products sell for a price in excess of $35 per tonne; or an amount of $1.00 per tonne
on the same of processed mineral products where the selling price of the processed mineral products sell for a price in excess
of $100 per tonne. 50% of the NSR can purchased by the Company for $1,000,000 at any time before the fifth-year anniversary of
the Agreement.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>NOTE 5 – CONVERTIBLE NOTE PAYABLE</b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As at December 31, 2016, the Company had a
convertible note payable totaling $32,720 (2015 - $77,720). The convertible note was issued in 2011 and has no interest rate and
no fixed terms of repayment. The Note is convertible into common shares at $0.001 per share. Currently, the note could be converted
to 32,720,000 shares.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>NOTE 6 – COMMON STOCK</b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As at December 31, 2016, the Company had 450,000,000
shares of $0.001 par value common shares authorized.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>NOTE 7 – INCOME TAXES</b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company is subject to United States federal
and state income taxes at an approximate rate of 35%. The amount taken into income as deferred income tax assets must reflect that
portion of the income tax loss carry forwards that is more likely-than-not to be realized from future operations. The Company has
chosen to provide a full valuation allowance against all available income tax loss carry forwards, regardless of their time of
expiry.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">No provision for income taxes has been provided
in these financial statements due to the net loss for the years ended December 31, 2016 and 2015. The potential tax benefit of
these losses may be limited due to certain change in ownership provisions under Section 382 of the Internal Revenue Code and similar
state provisions.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>NOTE 8 – SUBSEQUENT EVENTS</b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Nil</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Basis of Presentation</b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The financial statements of the Company have
been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”)
and are expressed in U.S. dollars. The Company’s fiscal year-end is December 31.  </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Use of Estimates</b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The preparation of financial statements in
conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities
and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues
and expenses during the reporting periods. Actual results could materially differ from those estimates and assumptions. Significant
areas requiring the use of management estimates relate to the determination of impairment of long-lived assets, expected tax rates
for future income tax recoveries and determining the fair values of financial instruments.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Equipment is recorded at cost. Additions are capitalized and maintenance and repairs are charged to expense as incurred. Gains and losses on dispositions of equipment are reflected in operations. Depreciation is provided using the straight-line method over the estimated useful lives of the assets.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Mineral properties and development costs</b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">All direct costs related to the acquisition
of mineral property interests are capitalized. Mineral property exploration expenditures are expensed when incurred. When it has
been established that a mineral deposit is commercially mineable, an economic analysis has been completed in accordance with SEC
Industry Guide 7 and permits are obtained, the costs subsequently incurred to develop a mine on the property prior to the
start of mining operations are capitalized. Capitalized costs will be amortized following commencement of production using the
unit of production method over the estimated life of proven and probable reserves.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The acquisition of title to mineral properties
is a complicated and uncertain process. The Company has taken steps, in accordance with industry standards, to verify the title
to mineral properties in which it has an interest. Although the Company has made efforts to ensure that legal titles to its mining
assets are properly recorded, there can be no assurance that such title will be secured indefinitely.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Impairment of Assets</b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company reviews the carrying value of its
long-lived assets annually or whenever events or changes in circumstances indicate that the historical carrying value of an asset
may no longer be appropriate. The Company assesses recoverability of the carrying value cost of the asset by estimating the future
net cash flows expected to result from the asset, including eventual disposition. If the future net cash flows are less than the
carrying value of the asset, an impairment loss is recorded equal to the difference between the asset’s carrying value and
fair value.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Other Comprehensive Income</b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company reports and displays comprehensive
income and its components in the financial statements. During the years ended December 31, 2016 and 2015, the Company recorded
unrealized foreign exchange gains of $nil and $30,801 respectfully.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Income Taxes</b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company uses the asset and liability method
of accounting for income taxes. Under this method, deferred income tax assets and liabilities are recognized for the future tax
consequences attributable to temporary differences between the financial statements carrying amounts of assets and liabilities
and their respective tax bases. 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 or settled.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company recognizes the financial statement
benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position
following an audit. For tax positions meeting this standard, the amount recognized in the financial statements is the largest benefit
that has a greater than 50 percent likelihood of being realized upon ultimate settlement with the relevant tax authority.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Basic and Diluted Loss per Share</b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Basic loss per share is computed using the
weighted average number of common shares outstanding during the year. Diluted earnings per share reflect the potential dilution
that could occur if potentially dilutive securities were exercised or converted to common stock. The dilutive effect of options
and warrants and their equivalent is computed by application of the treasury stock method and the effect of convertible securities
by the “if converted” method. For the years presented, diluted loss per share is equal to basic loss per share as the
effect of the computations are anti-dilutive.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Financial Instruments</b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company’s balance sheet includes
financial instruments, specifically accounts payable, accrued expenses, and payables to related parties. The carrying amounts of
current assets and current liabilities approximate their fair value because of the relatively short period of time between the
origination of these instruments and their expected realization.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">ASC 820, <i>Fair Value Measurements and Disclosures</i>,
defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in
the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the
measurement date. ASC 820 also establishes a fair value hierarchy that distinguishes between (1) market participant assumptions
developed based on market data obtained from independent sources (observable inputs) and (2) an entity’s own assumptions
about market participant assumptions developed based on the best information available in the circumstances (unobservable inputs).
The fair value hierarchy consists of three broad levels, which gives the highest priority to unadjusted quoted prices in active
markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels
of the fair value hierarchy are described below:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 17.3pt; text-align: justify">Level 1 - Unadjusted quoted prices
in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 17.3pt; text-align: justify">Level 2 - Inputs other than quoted
prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted
prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets
that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates); and
inputs that are derived principally from or corroborated by observable market data by correlation or other means.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 0pt; margin-top: 0; margin-bottom: 0; margin-left: 17.3pt">Level
3 - Inputs that are both significant to the fair value measurement and unobservable.</p>
<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 0pt; margin-top: 0; margin-bottom: 0; margin-left: 17.3pt"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Fair value estimates discussed herein are based
upon certain market assumptions and pertinent information available to management as of December 31, 2016. The respective carrying
value of certain on-balance-sheet financial instruments approximated their fair values due to the short-term nature of these instruments.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><u>Revenue Recognition</u></b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company follows ASC 605, Revenue Recognition
- The Company recognizes revenue when it is realized or realizable and earned.  The Company considers revenue realized or
realizable and earned when all of the following criteria are met: (i) persuasive evidence of an arrangement exists, (ii) the product
has been shipped or the services have been rendered to the customer, (iii) the sales price is fixed or determinable, and (iv) collectability
is reasonably assured.  The Company provides services to companies on a time and materials basis and recognizes revenues upon
billing of time and materials at which all services have been completed and there is no warranty or returns on services.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><u>Deferred Income Taxes and Valuation Analysis</u></b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company accounts for income taxes under
ASC 740 <i>Income Taxes</i>.  Under the asset and liability method of ASC 740, deferred tax assets and liabilities are recognized
for the future tax consequences attributable to differences between the financial statements carrying amounts of existing assets
and liabilities and their respective tax bases.  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 or settled.
 The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period the enactment
occurs.  A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company
will not realize tax assets through future operations.  No deferred tax assets or liabilities were recognized as of December
31, 2016 or December 31, 2015.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><u>Net Income (loss) per Common Share</u></b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Net income (loss) per share is calculated in
accordance with ASC 260, “Earnings Per Share.”  The weighted-average number of common shares outstanding during
each period is used to compute basic earning or loss per share.  Diluted earnings or loss per share is computed using the
weighted average number of shares and diluted potential common shares outstanding.  Dilutive potential common shares are additional
common shares assumed to be exercised.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Basic net income (loss) per common share is
based on the weighted average number of shares of common stock outstanding at December 31, 2016 and at December 31, 2015.  </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><u>Share Based Compensation</u></b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">ASC 718, <i>Compensation – Stock Compensation</i>,
prescribes accounting and reporting standards for all share-based payment transactions in which employee services are acquired. 
Transactions include incurring liabilities, or issuing or offering to issue shares, options, and other equity instruments such
as employee stock ownership plans and stock appreciation rights.  Share-based payments to employees, including grants of employee
stock options, are recognized as compensation expense in the financial statements based on their fair values. That expense is recognized
over the period during which an employee is required to provide services in exchange for the award, known as the requisite service
period (usually the vesting period). </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company accounts for stock-based compensation
issued to non-employees and consultants in accordance with the provisions of ASC 505-50, <i>Equity – Based Payments to Non-Employees.</i>
 Measurement of share-based payment transactions with non-employees is based on the fair value of whichever is more reliably
measurable: (a) the goods or services received; or (b) the equity instruments issued.  </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Share-based expense for the periods ended December
31, 2016 and 2015 totaled $nil and $nil, respectively.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><u>Recent Accounting Pronouncements</u></b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In June 2014, FASB issued Accounting Standards
Update (ASU) No. 2014-12 <i>Compensation — Stock Compensation (Topic 718), Accounting for Share-Based Payments When the Terms
of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period.</i>  A performance target
in a share-based payment that affects vesting and that could be achieved after the requisite service period should be accounted
for as a performance condition under Accounting Standards Codification (ASC) 718, <i>Compensation — Stock Compensation</i>.
As a result, the target is not reflected in the estimation of the award’s grant date fair value. Compensation cost would
be recognized over the required service period, if it is probable that the performance condition will be achieved.  The guidance
is effective for annual periods beginning after 15 December 2015 and interim periods within those annual periods. Early adoption
is permitted.  Management has reviewed the ASU and believes that they currently account for these awards in a manner consistent
with the new guidance, therefore there is no anticipation of any effect to the consolidated financial statements.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In August 2014, FASB issued Accounting Standards
Update (ASU) No. 2014-15 <i>Preparation of Financial Statements – Going Concern (Subtopic 205-40), Disclosure of Uncertainties
about an Entity’s Ability to Continue as a Going Concern.</i> Under generally accepted accounting principles (GAAP), continuation
of a reporting entity as a going concern is presumed as the basis for preparing financial statements unless and until the entity’s
liquidation becomes imminent. Preparation of financial statements under this presumption is commonly referred to as the going concern
basis of accounting. If and when an entity’s liquidation becomes imminent, financial statements should be prepared under
the liquidation basis of accounting in accordance with Subtopic 205-30, <i>Presentation of Financial Statements—Liquidation
Basis of Accounting</i>. Even when an entity’s liquidation is not imminent, there may be conditions or events that raise
substantial doubt about the entity’s ability to continue as a going concern. In those situations, financial statements should
continue to be prepared under the going concern basis of accounting, but the amendments in this Update should be followed to determine
whether to disclose information about the relevant conditions and events.  The amendments in this Update are effective for
the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. Early application is permitted.
 The Company will evaluate the going concern considerations in this ASU, however, at the current period, management does not
believe that it has met conditions which would subject these financial statements for additional disclosure.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As at December 31, 2015, the Company disinvested
and discontinued the operations of subsidiary company, CTTA, based on poor earnings and potential future losses. Operations for
the year ended December 31, 2016 and operations previously reported for the year ended December 31, 2015 have been shown as discontinued
operations as per the following schedule:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Discontinued Operations</b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<table cellspacing="0" cellpadding="0" style="font: 10pt/normal Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
<tr style="vertical-align: bottom">
<td style="border-bottom: black 1pt solid; text-align: left; font-weight: bold; white-space: nowrap"> </td>
<td style="border-bottom: black 1pt solid"> </td>
<td colspan="2" style="border-bottom: black 1pt solid; text-align: center; white-space: nowrap">For the year ended<br /> December 31, 2016</td>
<td style="border-bottom: black 1pt solid"> </td>
<td style="border-bottom: black 1pt solid"> </td>
<td colspan="2" style="border-bottom: black 1pt solid; text-align: center; white-space: nowrap">For the year ended<br /> December 31, 2015</td>
<td style="border-bottom: black 1pt solid"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="border-bottom: black 1pt solid; width: 66%; font-weight: bold">Revenues</td>
<td style="border-bottom: black 1pt solid; width: 3%"> </td>
<td style="border-bottom: black 1pt solid; width: 1%; text-align: left">$</td>
<td style="border-bottom: black 1pt solid; width: 12%; text-align: right">-</td>
<td style="border-bottom: black 1pt solid; width: 1%; text-align: left; white-space: nowrap"> </td>
<td style="border-bottom: black 1pt solid; width: 3%"> </td>
<td style="border-bottom: black 1pt solid; width: 1%; text-align: left">$</td>
<td style="border-bottom: black 1pt solid; width: 12%; text-align: right">47,575</td>
<td style="border-bottom: black 1pt solid; width: 1%; text-align: left; white-space: nowrap"> </td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="border-bottom: black 1pt solid; text-align: left; padding-left: 8.65pt">Total revenues</td>
<td style="border-bottom: black 1pt solid"> </td>
<td style="border-bottom: black 1pt solid; text-align: left"> </td>
<td style="border-bottom: black 1pt solid; text-align: right">-</td>
<td style="border-bottom: black 1pt solid; text-align: left; white-space: nowrap"> </td>
<td style="border-bottom: black 1pt solid"> </td>
<td style="border-bottom: black 1pt solid; text-align: left"> </td>
<td style="border-bottom: black 1pt solid; text-align: right">57,879</td>
<td style="border-bottom: black 1pt solid; text-align: left; white-space: nowrap"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td> </td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right"> </td>
<td style="text-align: left; white-space: nowrap"> </td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right"> </td>
<td style="text-align: left; white-space: nowrap"> </td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="font-weight: bold">Expenses</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right"> </td>
<td style="text-align: left; white-space: nowrap"> </td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right"> </td>
<td style="text-align: left; white-space: nowrap"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="text-align: left; padding-left: 8.65pt">Bad debts</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">-</td>
<td style="text-align: left; white-space: nowrap"> </td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">-</td>
<td style="text-align: left; white-space: nowrap"> </td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="text-align: left; padding-left: 8.65pt">Bank charges and interest</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">-</td>
<td style="text-align: left; white-space: nowrap"> </td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">3,943</td>
<td style="text-align: left; white-space: nowrap"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="text-align: left; padding-left: 8.65pt">Consulting and subcontractors</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">-</td>
<td style="text-align: left; white-space: nowrap"> </td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">22,165</td>
<td style="text-align: left; white-space: nowrap"> </td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="border-bottom: black 1pt solid; text-align: left; padding-left: 8.65pt">Office and general</td>
<td style="border-bottom: black 1pt solid"> </td>
<td style="border-bottom: black 1pt solid; text-align: left"> </td>
<td style="border-bottom: black 1pt solid; text-align: right">-</td>
<td style="border-bottom: black 1pt solid; text-align: left; white-space: nowrap"> </td>
<td style="border-bottom: black 1pt solid"> </td>
<td style="border-bottom: black 1pt solid; text-align: left"> </td>
<td style="border-bottom: black 1pt solid; text-align: right">23,055</td>
<td style="border-bottom: black 1pt solid; text-align: left; white-space: nowrap"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="border-bottom: black 1pt solid"> </td>
<td style="border-bottom: black 1pt solid"> </td>
<td style="border-bottom: black 1pt solid; text-align: left"> </td>
<td style="border-bottom: black 1pt solid; text-align: right">-</td>
<td style="border-bottom: black 1pt solid; text-align: left; white-space: nowrap"> </td>
<td style="border-bottom: black 1pt solid"> </td>
<td style="border-bottom: black 1pt solid; text-align: left"> </td>
<td style="border-bottom: black 1pt solid; text-align: right">(49,163</td>
<td style="border-bottom: black 1pt solid; text-align: left; white-space: nowrap">)</td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="text-align: left">Net loss</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">-</td>
<td style="text-align: left; white-space: nowrap"> </td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">(1,588</td>
<td style="text-align: left; white-space: nowrap">)</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="text-align: left; font-weight: bold">Other items</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right"> </td>
<td style="text-align: left; white-space: nowrap"> </td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right"> </td>
<td style="text-align: left; white-space: nowrap"> </td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="text-align: left; padding-left: 8.65pt">Gain on reversal of debt (note 6 and note 7)</td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">-</td>
<td style="text-align: left; white-space: nowrap"> </td>
<td> </td>
<td style="text-align: left"> </td>
<td style="text-align: right">439,118</td>
<td style="text-align: left; white-space: nowrap"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="border-bottom: black 1pt solid; text-align: left; padding-left: 8.65pt">Foreign exchange gain</td>
<td style="border-bottom: black 1pt solid"> </td>
<td style="border-bottom: black 1pt solid; text-align: left"> </td>
<td style="border-bottom: black 1pt solid; text-align: right">-</td>
<td style="border-bottom: black 1pt solid; text-align: left; white-space: nowrap"> </td>
<td style="border-bottom: black 1pt solid"> </td>
<td style="border-bottom: black 1pt solid; text-align: left"> </td>
<td style="border-bottom: black 1pt solid; text-align: right">37,453</td>
<td style="border-bottom: black 1pt solid; text-align: left; white-space: nowrap"> </td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="border-bottom: black 1pt solid; text-align: left; font-weight: bold">Total comprehensive income (loss)</td>
<td style="border-bottom: black 1pt solid"> </td>
<td style="border-bottom: black 1pt solid; text-align: left">$</td>
<td style="border-bottom: black 1pt solid; text-align: right">-</td>
<td style="border-bottom: black 1pt solid; text-align: left; white-space: nowrap"> </td>
<td style="border-bottom: black 1pt solid"> </td>
<td style="border-bottom: black 1pt solid; text-align: left">$</td>
<td style="border-bottom: black 1pt solid; text-align: right">474,983</td>
<td style="border-bottom: black 1pt solid; text-align: left; white-space: nowrap"> </td></tr>
</table>
<p style="margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 0pt; margin-top: 0; margin-bottom: 0; margin-left: 0">The
components of major assets and liabilities of discontinued operations at December 31, 2016 and 2015 were as follows:</p>
<p style="margin: 0"> </p>
<table cellspacing="0" cellpadding="0" style="font: 10pt/normal Times New Roman, Times, Serif; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; width: 100%">
<tr style="vertical-align: bottom">
<td style="border-bottom: black 1pt solid"> </td>
<td style="border-bottom: black 1pt solid"> </td>
<td colspan="2" style="border-bottom: black 1pt solid; text-align: center">2016</td>
<td style="border-bottom: black 1pt solid; text-align: left; white-space: nowrap"> </td>
<td style="border-bottom: black 1pt solid"> </td>
<td colspan="2" style="border-bottom: black 1pt solid; text-align: center">2015</td>
<td style="border-bottom: black 1pt solid; text-align: left; white-space: nowrap"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)">
<td style="width: 66%">Assets</td>
<td style="width: 3%"> </td>
<td style="width: 1%; text-align: left">$</td>
<td style="width: 12%; text-align: right">-</td>
<td style="width: 1%; text-align: left; white-space: nowrap"> </td>
<td style="width: 3%"> </td>
<td style="width: 1%; text-align: left">$</td>
<td style="width: 12%; text-align: right">-</td>
<td style="width: 1%; text-align: left; white-space: nowrap"> </td></tr>
</table>
30000
30000
30000
30000
30000
30000
50000
50000
50000
50000
.25
.35
1
23055
-1588
3943
22165
270817339
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Equipment</b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Equipment is recorded at cost. Additions are
capitalized and maintenance and repairs are charged to expense as incurred. Gains and losses on dispositions of equipment are reflected
in operations. Depreciation is provided using the straight-line method over the estimated useful lives of the assets.</p>
32720000
30000
35000
32138