Income Taxes Disclosure

12 Months Ended

Oct. 31, 2015

Notes

Income Taxes Disclosure

NOTE 7 - INCOME TAXES

A reconciliation of income taxes at statutory rates is as follows:

	Year ended October 31,
	2015		2014
Loss before income taxes	$	(4,619,058)	$	(133,286)
Statutory tax rate		26%		25%
Expected recovery of income taxes		(1,200,955)		(33,321)
Effect of change in rates		(6,618)		--
Change in valuation allowance		1,207,573		33,321
	$	--	$	--

The Company’s tax-effected deferred income tax assets and liabilities are estimated as follows:

	Year ended October 31,
	2015		2014
Non-capital losses carried forward	$	1,369,034	$	164,538
Mineral properties		3,977		900
Less: Valuation allowance		(1,373,011)		(165,438)
	$	--	$	--