SUBSEQUENT EVENTS

12 Months Ended

Dec. 31, 2011

Subsequent Events

Subsequent Events [Text Block]

NOTE 8 – SUBSEQUENT EVENTS

In October, 2011, Coastal Uranium and Vanguard agreed that Coastal would, on Vanguard's behalf, undertake to hire a geological expert to ascertain economic feasibility of the uranium project to Coastal's satisfaction, and if Coastal was so satisfied, Coastal would be willing to match Vanguard's investment in the property in 2012 up to $150,000 each.  

On January 27, 2012 the parties agreed that the project was economically viable and Vanguard approached Golder Resources, of Canada, to undertake a drilling program and feasibility analysis on the property and to determine how the $300,000 would be spent in 2012.  On January 27, 2012, Vanguard committed to contribute the $150,000 to the development effort, subject to the release from escrow of its private placement proceeds, as described in Note 4.  Vanguard has also hired the services of a recruiting firm in 2012 to find a Chief Geologist.  

In accordance with ASC 855-10, the Company has analyzed its operations subsequent to December 31, 2011 to the date these financial statements were issued, and has determined that it does not have any material subsequent events to disclose in these financial statements other than those events described above.