4. Debt Obligations: Schedule of Notes Payable (Tables)

12 Months Ended

May. 31, 2015

Tables/Schedules

Schedule of Notes Payable

Claim	Current Portion	Long - Term	Term of Note
Note for acquisition of Golden Eagle #2 mining claim	$  76,815	-	The Company defaulted on the final principal payment which was due February 1, 2015; as a result of the default, interest is now due at 15% and a penalty of 5% is assessed on late payments.
Equipment financing lease	12,685	$     14,707-	Monthly payments of $1,175 are due through June 1, 2017; interest is at the rate of 6.55%
Convertible notes due to officer and directors	85,000 48,000 105,325	- - -	Due 5/31/16, with interest at 16% Notes are due on demand and do not bear interest Notes are due on demand with interest at 5%
Total notes payable	$327,825	$ 14,707