7. NOTES PAYABLE AND NOTES PAYABLE - RELATED PARTY	12 Months Ended
Mar. 31, 2023
Notes
7. NOTES PAYABLE AND NOTES PAYABLE - RELATED PARTY	7. NOTES PAYABLE AND NOTES PAYABLE - RELATED PARTY During the year ended March 31, 2023, the Company issued the following notes payable: `i)`On April 5, 2022, the Company issued a promissory note for cash with $15,000 in principal. The Company agreed to repay $17,000 in cash in 30 days. `ii)`On April 28, 2022, the Company issued a promissory note for cash with $4,000 in principal. The promissory note bears interest of 12% per annum, is unsecured and due on December 28, 2022. `iii)`On May 11, 2022, the Company issued a promissory note (“Note”) with a principal of amount of $70,300 bearing interest of 12% per annum to settle $70,300 in accounts payable due for accounting fees. The Note is due on May 31, 2023. The Note holder, in its sole discretion, may convert any part or all of the principal, interest or other charges due and payable under this Note to restricted common stock of the Company at a variable conversion price calculated at 50% of the market price defined as the average of the five closing trading prices during the previous five trading days. The Holder is required to give 61 days written notice to convert. `iv)`On June 13, 2022, the Company issued a promissory note (“Note”) with a principal amount of $65,000. In consideration for issuing the Note, the Company agreed to issue 50,000,000 shares of common stock of the Company to the holder of the Note. The Note is due on December 31, 2022 and is secured by equipment. On June 13, 2022, the Company received $50,000 is cash. An additional, $15,000 of cash was received on July 6, 2022. Upon issuance, the note was recorded net of a debt discount of $65,000. On December 31, 2022, there was an unamortized debt discount of $0. `v)`On July 18, 2022, the Company issued a promissory note for cash with $21,000 in principal. The promissory note bears interest of 12% per annum, is unsecured and due on January 18, 2023. `vi)`On October 18, 2022, the Company issued a promissory note for cash with $5,000 in principal. The promissory note bears interest of 12% per annum, is unsecured and due on April 18, 2023. `vii)`On December 8, 2022, the Company issued a promissory note for cash with $2,000 in principal. The promissory note bears interest of 12% per annum, is unsecured and due on June 8, 2023. `viii)`On February 8, 2023. the Company issued a promissory note for cash with $2,000 in principal. The promissory note bears interest of 10% per annum, is unsecured and due on August 8, 2023. During the years ended March 31, 2023 and 2022, note principal of $0 and $156,641 (principal $152,514 and $4,127), respectively, was paid through the issuance of 0 shares and 8,416,395 shares of common stock, respectively. In addition, for years ended March 31, 2023 and 2022, the Company paid $60,000 and $31,000 in cash, respectively, to settle debt. On March 31, 2023 and 2022, the carrying value of the notes payable totaled $1,346,608 (net of unamortized debt discount of $0) and $1,169,147 (net of unamortized debt discount of $0), respectively. Notes payable – related party – On March 31, 2023 and 2022, notes payable – related party of $141,169 and $141,169, respectively, are due to Paul Thompson Sr., the sole officer and director of the Company. These notes bear interest from 0% to 12% per annum. During the year ended March 31, 2023, the Company was advanced $29,100 in cash from Wildcat Mining LLC. Wildcat Mining LLC is controlled by Paul Tompson Sr. The Company fully repaid these advances during the year ended March 31, 2023 plus $2,910 in interest. Interest and amortization of debt discount was $124,162 and $77,211 for the year ended March 31, 2023 and 2022, respectively. On March 31, 2023 and 2022, accrued interest of $458,304 and $323,133, respectively, is included in accounts payable and accrued liabilities. On March 31, 2023, $1,419,316 of notes payable and notes payable – related party were in default. There are no default provisions stated in these notes.

7. NOTES PAYABLE AND NOTES PAYABLE - RELATED PARTY

12 Months Ended

Mar. 31, 2023

7. NOTES PAYABLE AND NOTES PAYABLE - RELATED PARTY

7. NOTES PAYABLE AND NOTES PAYABLE - RELATED PARTY

During the year ended March 31, 2023, the Company issued the following notes payable:

i)On April 5, 2022, the Company issued a promissory note for cash with $15,000 in principal. The Company agreed to repay $17,000 in cash in 30 days.

ii)On April 28, 2022, the Company issued a promissory note for cash with $4,000 in principal. The promissory note bears interest of 12% per annum, is unsecured and due on December 28, 2022.

iii)On May 11, 2022, the Company issued a promissory note (“Note”) with a principal of amount of $70,300 bearing interest of 12% per annum to settle $70,300 in accounts payable due for accounting fees. The Note is due on May 31, 2023. The Note holder, in its sole discretion, may convert any part or all of the principal, interest or other charges due and payable under this Note to restricted common stock of the Company at a variable conversion price calculated at 50% of the market price defined as the average of the five closing trading prices during the previous five trading days. The Holder is required to give 61 days written notice to convert.

iv)On June 13, 2022, the Company issued a promissory note (“Note”) with a principal amount of $65,000. In consideration for issuing the Note, the Company agreed to issue 50,000,000 shares of common stock of the Company to the holder of the Note. The Note is due on December 31, 2022 and is secured by equipment. On June 13, 2022, the Company received $50,000 is cash. An additional, $15,000 of cash was received on July 6, 2022. Upon issuance, the note was recorded net of a debt discount of $65,000. On December 31, 2022, there was an unamortized debt discount of $0.

v)On July 18, 2022, the Company issued a promissory note for cash with $21,000 in principal. The promissory note bears interest of 12% per annum, is unsecured and due on January 18, 2023.

vi)On October 18, 2022, the Company issued a promissory note for cash with $5,000 in principal. The promissory note bears interest of 12% per annum, is unsecured and due on April 18, 2023.

vii)On December 8, 2022, the Company issued a promissory note for cash with $2,000 in principal. The promissory note bears interest of 12% per annum, is unsecured and due on June 8, 2023.

viii)On February 8, 2023. the Company issued a promissory note for cash with $2,000 in principal. The promissory note bears interest of 10% per annum, is unsecured and due on August 8, 2023.

During the years ended March 31, 2023 and 2022, note principal of $0 and $156,641 (principal $152,514 and $4,127), respectively, was paid through the issuance of 0 shares and 8,416,395 shares of common stock, respectively. In addition, for years ended March 31, 2023 and 2022, the Company paid $60,000 and $31,000 in cash, respectively, to settle debt.

On March 31, 2023 and 2022, the carrying value of the notes payable totaled $1,346,608 (net of unamortized debt discount of $0) and $1,169,147 (net of unamortized debt discount of $0), respectively.

Notes payable – related party – On March 31, 2023 and 2022, notes payable – related party of $141,169 and $141,169, respectively, are due to Paul Thompson Sr., the sole officer and director of the Company. These notes bear interest from 0% to 12% per annum.

During the year ended March 31, 2023, the Company was advanced $29,100 in cash from Wildcat Mining LLC. Wildcat Mining LLC is controlled by Paul Tompson Sr. The Company fully repaid these advances during the year ended March 31, 2023 plus $2,910 in interest.

Interest and amortization of debt discount was $124,162 and $77,211 for the year ended March 31, 2023 and 2022, respectively.

On March 31, 2023 and 2022, accrued interest of $458,304 and $323,133, respectively, is included in accounts payable and accrued liabilities.

On March 31, 2023, $1,419,316 of notes payable and notes payable – related party were in default. There are no default provisions stated in these notes.