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SUBSEQUENT EVENTS
9 Months Ended
Feb. 29, 2012
SUBSEQUENT EVENTS [Text Block]

NOTE 9 – SUBSEQUENT EVENTS

Share Issuance Under Goldfield West Option Agreement - On March 22, 2012, we issued 41,677 shares of Common Stock to TAC Gold Inc. under the Goldfield West Option Agreement whereby we are annually obligated to reimburse TAC Gold in either cash for the fair market value of the TAC Gold shares that they issued to Minquest or in the issuance of the equivalent value of All American shares as have a market value equal to the amount of the payment then due.

There are no other subsequent events upon which to report. Subsequent events have been evaluated through the date of this financial report.