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            &lt;b&gt;Use of Estimates&lt;/b&gt;
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          &lt;p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;margin:inherit;"&gt;The preparation of financial statements in accordance with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.&lt;/p&gt;
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            &lt;b&gt;Functional Currency&lt;/b&gt;
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          &lt;p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;margin:inherit;"&gt;The Company&amp;#8217;s functional currency is the United States (&amp;#8220;U.S.&amp;#8221;) dollar.&lt;/p&gt;
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            &lt;b&gt;Cash&lt;/b&gt;
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          &lt;p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;margin:inherit;"&gt;Cash consists of cash on deposit with a government insured federally regulated bank and to date the Company has not experienced losses on any of its balances. The carrying amounts approximate fair market value due to the liquidity of these deposits. For purposes of reporting cash flows, the Company considers all short-term investments with an original maturity of three months or less to be cash equivalents. We had no cash equivalents at either May 31, 2013, or May 31, 2012.&lt;/p&gt;
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            &lt;b&gt;Financial Instruments&lt;/b&gt;
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          &lt;p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;margin:inherit;"&gt;The Company&amp;#8217;s financial instruments consist of cash, accounts payable and accrued liabilities and loans from related parties. At May 31, 2013, the fair value of the Company&amp;#8217;s financial instruments approximate their carrying value based on their terms and interest rates.&lt;/p&gt;
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            &lt;b&gt;Mineral Interests&lt;/b&gt;
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          &lt;p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;margin:inherit;"&gt;Mineral interest acquisition costs include cash consideration and the estimated fair value of common shares issued for mineral properties, based on recent share issuances. Exploration and development expenditures are expensed in the period incurred until such time as the Company establishes the existence of commercial feasibility, at which time these costs will be deferred. Administrative expenditures are expensed in the period incurred.&lt;/p&gt;
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          &lt;p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;margin:inherit;"&gt;Mineral interest acquisition costs and related interest &amp;amp; financing costs may be deferred until the property is placed into production, sold or abandoned. These costs will be deferred only when and if proven and probable reserves have been found to exist. No proven or probable reserves are currently known to exist.&lt;/p&gt;
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          &lt;p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;margin:inherit;"&gt;On an on-going basis, the Company evaluates the status of its mineral properties based on results to date to determine the nature of exploration and development work that is warranted in the future. If there is little prospect of further work on a property being carried out, the deferred costs related to that property are written down to their estimated recoverable amount.&lt;/p&gt;
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            &lt;b&gt;Loss per Common Share&lt;/b&gt;
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          &lt;p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;margin:inherit;"&gt;Basic net loss per share is computed by dividing the net income available to common shareholders (the numerator) for the period by the weighted average number of common shares outstanding (the denominator) during the period. The computation of diluted earnings is similar to basic earnings per share, except that the denominator is increased to include the number of additional common shares that would have been outstanding if potentially dilutive common shares had been issued. At May 31, 2013, and May 31, 2012, there was no variance between basic and diluted loss per share as there were no potentially dilutive securities outstanding.&lt;/p&gt;
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            &lt;b&gt;Income Taxes&lt;/b&gt;
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            &lt;b&gt;Foreign Currency Translation&lt;/b&gt;
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            &lt;b&gt;Stock-based Compensation&lt;/b&gt;
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          &lt;p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;margin:inherit;"&gt;It requires an entity to measure the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award (with limited exceptions). That cost will be recognized over the period during which an employee is required to provide service in exchange for the award &amp;#8211; the requisite service period (usually the vesting period). It further requires that the compensation cost relating to share-based payment transactions be recognized in financial statements. That cost will be measured based on the fair value of the equity or liability instruments issued. The scope of the Topic includes a wide range of share-based compensation arrangements including share options, restricted share plans, performance-based awards, share appreciation rights, and employee share purchase plans.&lt;/p&gt;
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          &lt;p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;margin:inherit;"&gt;As at May 31, 2013, the Company had not adopted a stock option plan nor had it granted any stock options. Accordingly no stock-based compensation has been recorded to date.&lt;/p&gt;
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            &lt;b&gt;Joint Ventures&lt;/b&gt;
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            &lt;b&gt;Environmental Protection and Reclamation Costs&lt;/b&gt;
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          &lt;p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;margin:inherit;"&gt;The operations of the Company have been, and may in the future be affected from time to time in varying degrees by changes in environmental regulations including those for future removal and site restorations costs. Both the likelihood of new regulations and their overall effect upon the Company may vary from region to region and are not predictable.&lt;/p&gt;
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 -Publisher FASB

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Reference 5: http://www.xbrl.org/2003/role/presentationRef

 -Publisher FASB

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            &lt;b&gt;Fair Value of financial Instruments&lt;/b&gt;
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            &lt;b&gt;Exploration &amp;#8211; Stage Company&lt;/b&gt;
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            The Company is considered an exploration-stage company, having limited operating revenues during the period presented in compliance with ASC Topic &amp;#8220;Accounting and Reporting of Development Stage Companies&amp;#8221; which requires those companies to report their operations, shareholders deficit and cash flows since inception through the date that revenues are generated from management&amp;#8217;s intended operations, among other things, Management has defined inception as May 17, 2006. Since inception, the company has incurred a net loss of $2,259,721. Much of this is related to professional fees and the first phase of exploration on our optioned mining properties. Management has provided financial data since May 17, 2006 (inception), in the financial statements.
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