Bomps Mining, Inc. - FORM 10-K

Attached files

file	filename
EX-31.1 - CEO SECTION 302 CERTIFICATION - Bomps Mining, Inc.	ex31-1.txt
EX-31.2 - CFO SECTION 302 CERTIFICATION - Bomps Mining, Inc.	ex31-2.txt
EX-32.1 - CEO SECTION 906 CERTIFICATION - Bomps Mining, Inc.	ex32-1.txt
EX-32.2 - CFO SECTION 906 CERTIFICATION - Bomps Mining, Inc.	ex32-2.txt

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 10-K
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURUTIES EXCHANGE ACT OF 1934

For the fiscal year ended August 31, 2009

Commission file number 333-156383

BOMPS MINING INC.
(Exact Name of Registrant as Specified in Its Charter)

Delaware 26-3018106
(State or Other Jurisdiction of (I.R.S. Employer
Incorporation or Organization) Identification No.)

3960 W. Point Loma Blvd., Suite H-436
San Diego, CA 92110
(Address of Principal Executive Offices & Zip Code)

Telephone1-480-451-7056
Facsimile 1-443-458-7056
(Telephone and Facsimile Number)

10884 North 117th Place
Scottsdale, AZ 85259
(Former Address of Principal Executive Offices & Zip Code)

Copy to:
Robert C. Weaver, Jr.
721 Devon Court
San Diego, CA 92109
Phone (858)488-4433 Fax (858) 488-2555

Securities registered pursuant to Section 12(b) of the Act:
None

Securities registered pursuant to section 12(g) of the Act:
Common Stock, $.001 par value

Indicate by check mark if the registrant is a well-known seasoned issuer, as
defined in Rule 405 of the Securities Act. Yes [ ] No [X]

Indicate by check mark if the registrant is not required to file reports
pursuant to Section 13 or Section 15(d) of the Act Yes [ ] No [X]

Indicate by check mark whether the registrant has submitted electronically and
posted on its corporate Web site, if any, every Interactive Data File required
to be submitted and posted pursuant to Rule 405 of Regulation S-T (ss.232.405 of
this chapter) during the preceding 12 months (or for such shorter period that
the registrant was required to submit and post such files). Yes [ ] No [ ]

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days. Yes [X] No [ ]

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405
of Regulation S-K is not contained herein, and will not be contained, to the
best of registrant's knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K. [ ]

Indicate by check mark whether the registrant is a large accelerated filer, an
accelerated filer, a non-accelerated filer, or a smaller reporting company. See
the definitions of "large accelerated filer," "accelerated filer" and "smaller
reporting company" in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer [ ] Accelerated filer [ ]
Non-accelerated filer [ ] Smaller reporting company [X]
(Do not check if a smaller reporting company)

Indicate by check mark whether the registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act). Yes [X] No [ ]

As of November 25, 2009, the registrant had 4,000,000 shares of common stock
issued and outstanding. No market value has been computed based upon the fact
that no active trading market had been established.

BOMPS MINING, INC.
TABLE OF CONTENTS

Page No.
--------

Part I

Item 1. Business 3
Item 1A. Risk Factors 14
Item 2. Properties 19
Item 3. Legal Proceedings 19
Item 4. Submission of Matters to a Vote of Securities Holders 19

Part II

Item 5. Market for Common Equity and Related Stockholder Matters 20
Item 7. Management's Discussion and Analysis of Financial Condition
and Results of Operations 21
Item 8. Financial Statements 24
Item 9. Changes in and Disagreements with Accountants on Accounting
and Financial Disclosure 37
Item 9A. Controls and Procedures 37

Part III

Item 10. Directors and Executive Officers 39
Item 11. Executive Compensation 41
Item 12. Security Ownership of Certain Beneficial Owners and Management 42
Item 13. Certain Relationships and Related Transactions 43
Item 14. Principal Accounting Fees and Services 44

Part IV

Item 15. Exhibits 44

Signatures 44

PART I

ITEM 1. BUSINESS

SUMMARY

Bomps Mining, Inc. was incorporated in the State of Delaware on July 16, 2008 to
engage in the acquisition, exploration and development of natural resource
properties. We intend to use the net proceeds from our recent offering to
develop our business operations. (See "Business of the Company" and "Use of
Proceeds".) We are an exploration stage company with no revenues or operating
history. The principal executive offices are located at 3960 W. Point Loma
Blvd., Suite H-436, San Diego, CA 92110. The telephone number is (480) 451-7056.

We received our initial funding of $15,000 through the sale of common stock to
our officer and director, Ms. Ertz, who purchased 3,000,000 shares of our common
stock at $0.005 per share on July 16, 2008. Subsequent to our August 31, 2009
year end, on September 18, 2009 the Company issued a total of 1,000,000 shares
of common stock to various individuals for cash in the amount of $0.03 per share
for a total of $ 30,000 to complete our S-1 offering. Our financial statements
from inception (July 16, 2008) through the year ended August 31, 2009 report a
net loss of $21,520 and no revenues. Our independent auditor has issued an audit
opinion for Bomps Mining, Inc. which includes a statement expressing substantial
doubt as to our ability to continue as a going concern.

We currently own a 100% undivided interest in a mineral property, the Zag 5-8
Mineral Claims (known as the "Zag Property"). The Zag Property consists of an
area of 82.64 acres located in the Weepah Hills Area, Esmeralda County, Nevada.
Title to the Zag Property is held by Bomps Mining, Inc. Our plan of operation is
to conduct mineral exploration activities on the property in order to assess
whether it contains mineral deposits capable of commercial extraction.

We have not earned any revenues to date and we do not anticipate earning
revenues until such time as we enter into commercial production of our mineral
properties. We are presently in the exploration stage of our business and we can
provide no assurance that we will discover commercially exploitable levels of
mineral resources on our property. Moreover, if such deposits are discovered,
there is no guarantee that we will enter into further substantial exploration
programs.

There is no current public market for our securities. As our stock is not
publicly traded, investors should be aware they probably will be unable to sell
their shares and their investment in our securities is not liquid.

GENERAL INFORMATION

We are an exploration stage company with no revenues or operating history. We
currently own a 100% undivided interest in the Zag 5-8 Mineral Claims located in
Esmeralda County, Nevada that we call the "Zag Property." We intend to conduct
mineral exploration activities on the Zag Property in order to assess whether it
contains any commercially exploitable mineral reserves. Currently there are no
known mineral reserves on the property. We have not earned any revenues to date,
and our independent auditor has issued an audit opinion which includes a

statement expressing substantial doubt as to our ability to continue as a going
concern. The source of information contained in this discussion is our geology
report prepared by James W. McLeod, P. Geo. dated August 10, 2008.

There is the likelihood of our mineral claims containing little or no economic
mineralization or reserves of silver, gold and other minerals. The Zag Property
consists of four contiguous, located, lode mineral claims, comprising a total of
82.64 acres and lies in the west central part of Nevada in the Weepah Hills
Area, Esmeralda County, Nevada. The region is known for its historic production
of lode silver and gold. If our claims do not contain any reserves, all funds
that we spend on exploration will be lost. Even if we complete our current
exploration program and are successful in identifying a mineral deposit we will
be required to expend substantial funds on further drilling and engineering
studies before we will know if we have a commercially viable mineral deposit or
reserve.

We are presently in the exploration stage of our business and we can provide no
assurance that any commercially viable mineral deposit exist on our mineral
claims, that we will discover commercially exploitable levels of mineral
resources on our property, or, if such deposits are discovered, that we will
enter into further substantial exploration programs. Further exploration is
required before a final determination can be made as to whether our mineral
claims possess commercially exploitable mineral deposits. If our claims do not
contain any reserves, all funds that we spend on exploration will be lost.

ACQUISITION OF THE ZAG 5-8 MINERAL CLAIMS

In August, 2008, we purchased a 100% undivided interest in the Zag 5-8 Mineral
Claims for a price of $7,000 ($3,500 for the claims and $3,500 for the geology
report). The claims are staked and recorded in the name of Bomps Mining, Inc.
and are in good standing until September 1, 2010.

We engaged James W. McLeod, P. Geo. to prepare a geological evaluation report on
the Zag Property. Mr. McLeod is a consulting professional engineer in the
Geological Section of the Association of Professional Engineers and
Geoscientists of British Columbia and a Fellow of the Geological Association of
Canada. Mr. McLeod attended the University of British Columbia and holds a
Bachelor of Science degree in geology.

The work completed by Mr. McLeod in preparing the geological report consisted of
a review of geological data from previous exploration within the region. The
acquisition of this data involved the research and investigation of historical
files to locate and retrieve data information acquired by previous exploration
companies in the area of the mineral claims.

We received the geological evaluation report on the Zag Property entitled
"Review and Recommendations, Zag 5-8 Mineral Claims, Weepah Hills Area,
Esmeralda County, Nevada, USA" prepared by Mr. McLeod on August 10, 2008. The
geological report summarizes the results of the history of the exploration of
the mineral claims, the regional and local geology of the mineral claims and the
mineralization and the geological formations identified as a result of the prior
exploration. The geological report also gives conclusions regarding potential
mineralization of the mineral claims and recommends a further geological
exploration program on the mineral claims. The description of the Zag Property
provided below is based on Mr. McLeod's report.

[MAP SHOWING THE PROPERTY LOCATION]

REQUIREMENTS OR CONDITIONS FOR RETENTION OF TITLE

In addition to the state regulations, federal regulations require a yearly
maintenance fee to keep the claims in good standing. In accordance with Federal
regulations, the Zag Property is in good standing to September 1, 2010. A yearly
maintenance fee of $125 is required to be paid to the Bureau of Land Management
prior to the expiry date to keep the claims in good standing for an additional
year.

GLOSSARY

(Specific to the Report on the Zag 5-8 Mineral Claims, by James W. McLeod, P.
Geo., Consulting Geologist dated August 10, 2008)

Aeromagnetic survey - a magnetic survey conducted from the air normally
using a helicopter or fixed-wing aircraft to carry the detection instrument
and the recorder. Total intensity magnetic field of the earth is recorded
in gamma units relative to an arbitrary datum.

Alluvial - unconsolidated sediments that are carried and hence deposited by
a stream or river. In the southwest USA most in filled valleys often
between mountain ranges were deposited with alluvium.

Andesitic to basaltic composition - a range of rock descriptions using the
chemical make-up or mineral norms of the same.

Aphanitic - fine grained crystalline texture.

Blind-basin - a basin practically closed off by enveloping rock exposures
making the central portion of unconsolidated alluvial basin isolated.

Colluvium - loose, unconsolidated material usually derived by gravitational
means, such as falling from a cliff or scarp-face and often due to a sort
of benign erosion such as heating and cooling in a desert environment.

Desert wash - out-wash in dry (desert) or arid areas of colluvium or
alluvial material accumulated on the sides of valleys or basin channels by
often irregular and violent water flow, i.e. flash floods.

Elongate basin - a longer than wide depression that could be favorable to
in-filling by material from adjacent eroding mountains.

Formation - the fundamental unit of similar rock assemblages used in
stratigraphy.

Intermontane belt - between mountains (ranges), a usually longer than wide
depression occurring between enclosing mountain ranges that supply the
erosional material to infill the basin.

Lode mineral claim (Nevada) - with a maximum area contained within 1500'
long by 600' wide = 20.66 acres.

Overburden or Drift Cover - any loose material which overlies bedrock.

Plagioclase feldspar - a specific range of chemical composition of common
or abundant rock forming silicate minerals.

Playa - the lowest part of an intermontane basin which is frequently
flooded by run-off from the adjacent highlands or by local rainfall.

Plutonic, igneous or intrusive rock - usually a medium to coarser grain
sized crystalline rock that generally is derived from a sub-surface magma
and then consolidated, such as in dykes, plugs, stocks or batholiths, from
smallest to largest.

Porphyritic in augite pyroxene - Large porphyroblasts or crystals of a
specific rock-forming mineral, i.e. augite occurring within a matrix of
finer grained rock-forming minerals.

Quarternary - the youngest period of the Cenozoic era.

Snow equivalent - Approximately 1" of precipitation (rain) = 1' snow.

Syenite - Coarse grained, alkalic, low in quartz intrusive rock.

Trachyte - fine grained or glassy equivalent of a syenite.

Volcaniclastic - Angular to rounded particles of a wide range of size
within (a welded) finer grain-sized matrix of volcanic origin.

DESCRIPTION OF PROPERTY

The property owned by Bomps Mining, Inc., on which the net proceeds of the
offering will be spent, is the Zag 5-8 Mineral Claims which is comprised of four
contiguous claims totaling 82.64 acres, located in the Weepah Quadrangle Area,
Esmeralda County, Nevada, USA.

The Zag Property lies in the west central area of the State of Nevada southwest
of the Town of Tonopah and is motor vehicle accessible from Highway 95 by
traveling north of the Town for 34 miles to the Silver Peak cutoff (Nevada
Highway 265). Go south for 18 miles towards Silver Peak and turn to the east at
the Weepah junction. Travel northeast for 3.4 miles to a fork in the road. Take
the left fork and travel north for 5 miles to the canyon and another fork in the
road. Take the left fork 7 miles to the north to the old mining camp of Weepah
and take the right fork to the east for 4 miles to the Zag 5-8 mineral claims.

The claims were recorded with the County and the Bureau of Land Management.
Prior to September 1, 2010, we will be required to make a filing that discloses
our intent to do field work and record it as assessment work with the Bureau of
Land Management, Reno, Nevada.

[MAP SHOWING THE CLAIM LOCATION]

CLIMATE AND GENERAL PHYSIOGRAPHY

The area experiences about 4" - 8" of precipitation annually of which about 20%
may occur as a snow equivalent this amount of precipitation suggests a climatic
classification of arid to semi-arid. The summers can experience hot weather,
middle 60's to 70's F(degree) average with high spells of 100+F(degree) while
the winters are generally more severe than the dry belt to the west and can last
from December through February. Temperatures experienced during mid-winter
average, for the month of January, from the high 20's to the low 40's F(degree)
with low spells down to -20 F(degree).

The claim area ranges in elevation from 5,660' to 5,740' mean sea level. The
physiographic setting of the property can be described as confined desert in the
valleys within a high rugged mountainous terrain and a mosaic of southerly
draining, dry watercourses that traverse the general area. The area has been
surficially altered both by fluvial and wind erosion and the depositional (drift
cover) effects of in-filling. Thickness of drift cover in the valleys may vary
considerably.

The physiography of the Zag Property is moderately sloping terrain that occurs
on the western flank of a steep mountainous hill. Much of this area with many
broad open valleys and spiney mountain ridges hosts sagebrush and other desert
plants on the low hill slopes. Juniper and pinon growing above 6,500' with pinon
becoming more dominant at higher elevations. The area is arid to semi-arid. Many
intermittent, old south draining water courses traverse the area, but surface
water is very scarce and potable surface water does not occur. Drilling water
would have to be trucked in from Silver Peak. Mining holds an historical and
contemporary place in the development and economic well being of the area.

INFRASTRUCTURE

The Town of Tonopah offers much of the necessary amenities required to base and
carry-out an exploration program (accommodations, communications, equipment and
supplies). Larger or specialized equipment can be acquired in the City of Las
Vegas lying 209 miles by paved road (Highway 95) to the south of Tonopah.
Infrastructure such as highways and secondary roads, communications,
accommodations and supplies that are essential to carrying-out an exploration
program are at hand in the Tonopah-Silver Peak areas.

PROPERTY HISTORY

The recorded mining history of the general area dates from the 1860s when
prospectors passed through heading north and west. The many significant lode
gold, silver and other mineral product deposits developed in the area was that
of the Goldfield Camp, 1905; Coaldale, coal field, 1913; Divide Silver Mining
District, 1921 and the Candalaria silver-gold mine which operated as an
underground lode gold deposit in 1922 and again in the 1990s as an open cut,
cyanide heap leach operation. The Tonopah District while mainly in Nye County is
on the edge of nearly all of the gold-silver camps of Esmeralda County, if not
strictly in location then certainly as a headquarters and supply depot for the
general area. The Tonopah Camp produced mainly silver with some gold from quartz
veins in Tertiary volcanic rocks. The period 1900-1921 saw the Camp produce from
6.4 million tons of ore, 138 million ounces of silver and 1.5 million ounces of
gold or an average of 22 oz/ton silver and slightly less than 1/4 oz/ton gold,
very rich ore by current standards.

REGIONAL GEOLOGY

The regional geology of Nevada is depicted as being underlain by all major types
of rock units. These appear to range from oldest to youngest in an east to west
direction, respectively. The oldest units are found to occur in the southeast
corner of the State along the Colorado River. The bedrock units exhibit a
north-south fabric of alternating east-west ranges and valleys. This feature
suggests W to E compression that has expression through low angle thrust
faulting and bringing the older rock units into contact with the younger units
as a detached assemblage. Faulting plays a large part in many areas of Nevada
and an even larger part in the emplacement of mineral occurrences and ore
bodies.

The geology of Esmeralda County has been recognized to contain three
unconformable assemblages; the older sedimentary and metamorphic units with a
mid-aged sedimentary and igneous assemblage and the youngest
volcanic-sedimentary assemblage. These major divisions are divided by
unconformities, i.e. periods of age that are not represented or erosion gaps in
the record.

LOCAL GEOLOGY

The local geology within the Weepah area appears to be represented by the older
meta-sedimentary contacting with the younger Jurassic aged intrusive rock units.
The youngest Post Plutonic assemblage occurs about the older rock units. Thrust
faulting is evident in the area and may offer exploration potential.

Tertiary age volcano-sediments and ash fall tuff units are abundant on the west
side of the Weepah hills. Much of the area has very young unconsolidated cover
on the flanks of many of the hills and older stream courses.

PROPERTY GEOLOGY AND MINERALIZATION

The geology of the Zag property area may be described as being covered by
Quaternary age desert wash, collovium, alluvium and playa deposits and Mesozoic
age intrusive rock (plutonic) units.

This young covered westerly sloping area occurs within a larger surrounding area
of rock exposure and known mineral occurrences on the northern flank of the
Weepah Hills exhibiting a good geological setting and an excellent target area
in which to conduct mineral exploration.

Thrust faulting is evident within the adjacent area on the north side of the
mineral claims. Many more areas exhibiting thrusting are evident on the flanks
of the alluvial covered valleys particularly on the north-east and south sides
of the Weepah Hills.

By far the largest production in the County comes from the vein-type of gold and
silver occurrences in quartz fissures in either pre-Tertiary volcanic or
Tertiary volcanic host rocks.

DEPOSIT TYPE

The deposit types that are found occurring in the regional area and the more
localized areas vary considerably. Silver and gold quartz veins predominate at
Tonopah. Some of the most productive veins represent the silicification and

replacement of sheeted zones of trachyte that was originally marked by close-set
parallel fractures, but not faulting. The two hosts of mineralized quartz veins
are 1) older pre-Tertiary volcanic rocks, i.e. Silver Peak (Mineral Ridge area),
Weepah and Hornsilver or 2) Tertiary rhyolite host rocks that occur at Tonopah
and other younger volcanic rocks, i.e. Goldfield and Divide. Base metal deposits
are more commonly of interest now than in the past and may be sought in the
general area. The industrial mineral barite that is observed to occur either in
vein or bedded types have been recognized in close proximity to the mineral
claim area.

The base and precious metal deposit types that historically predominate in the
general area are as the copper-gold or copper-molybdenum porphyry occurrences
with peripheral base and precious metal occurrences as veins and/or contact
zones of mineralization.

Geophysical techniques may be most effective in the covered areas as a follow-up
to prospecting and MMI soil sampling of the Phase 1 program.

EXPLORATION

The Zag Property is seen to lie in an area of consistent NW-SE aeromagnetic
trend. The moderately strong changes in gradient of the aeromagnetic contours in
the claim area suggests changes that may be related to fault contacts and
underlying intrusive activity. In this area, ground geophysical surveys may add
more detail to our understanding of the possible potential of the mineral
claims.

To the best of our consulting geologist's knowledge, the Zag Property has not
undergone any detailed ground exploration work including soil geochemistry which
may have usefulness in this area. Although much surface hand trenching has been
performed in both the regional and local areas, the consulting geologist favors
some mobile metal ion (MMI) soil sampling and very selective, total digestion
method followed by a sensitive trace element analyses.

DRILLING

No drilling appears to have taken place on the area covered by the Zag 5-8
Mineral Claims.

SAMPLE METHOD AND APPROACH

Standard sampling methods are utilized, for example a rock sample would be
acquired from the rock exposure with a hammer. The sample will be roughly
2"x2"x2" of freshly broken material. The sample grid location correlated with
global positioning system (GPS) location will be marked in the logbook after a
sample number has been assigned. The sample number would be impressed on an
aluminum tag and on a flagging that will be affixed at the sample site for
future location.

RESULTS

As exploration work could be conducted and assessed, a decision would be made as
to its importance and priority. The next phase of work will be determined by the
results from the preceding one. At this point, it is necessary to suggest that a
three phase exploration approach be recommended.

SAMPLE PREPARATION, ANALYSES AND SECURITY

Our rock exposure samples would be taken with known grid relationships that have
been tied-in with a hand held global positioning system (GPS). The samples would
be in the possession of the field supervisor of the exploration project.

The relatively new and proprietary digestive method called mobile metal ions
(MMI) may be very useful in our exploration. The samples in the desert climates
are taken consistently from between 4" and 8" in the material below the organic
zone. The samples undergo selective digestion with subsequent analyses for the
chosen metal package, but most likely the standard multi-element package with
gold would be undertaken. The cost of taking the MMI sample and the analyses are
more expensive than the standard soil sampling method, but some studied results
have been encouraging. All analyses and assaying will be carried-out in a
certified laboratory.

RECOMMENDATIONS

The consulting geologist believes that the known mineralization encountered to
date in neighboring areas is possibly indicative of a larger mineralized system
in the mineral claim area. The drift covered parts of the property offer good
exploration areas because of the possibility of mineralization, good geological
setting and generally a lack of exploration testing. Also, remote sensing such
as the aeromagnetic survey may indicate possible exploration areas of interest
within the Zag 5-8 Mineral Claims.

Prospecting, mapping and a reconnaissance geochemical soil survey of the claim
area should be undertaken if and when the Company is in a position to do so. The
following three phase exploration proposal and cost estimate is offered with the
understanding that consecutive exploration phases are contingent upon positive
results being obtained from each preceding phase:

Phase Exploration Program Cost Status
----- ------------------- ---- ------

Phase 1 Detailed Prospecting, mapping and soil $ 8,000 Expected to be completed in winter, 2009
geochemistry. The timeline for (depending on consulting geologist's
accomplishing this phase of fieldwork schedule).
including the turn-around time on analyses
is approximately two months.

Phase 2 Magnetometer and VLF electromagnetic, grid $ 9,000 Expected to be completed in spring, 2010
controlled surveys over the areas of (depending on the results of Phase 1, and
interest determined by the Phase 1 survey. consulting geologist's schedule).
Included in this estimated cost is
transportation, accommodation, board, grid
installation, two geophysical surveys, maps
and report

Phase 3 Induced polarization survey over grid $25,000 Dependent on the results of Phase 2, and
controlled anomalous area of interest consulting geologist's schedule.
outlined by Phase 1 and 2 fieldwork. Hoe or
bulldozer trenching, mapping and sampling of
bedrock anomalies. Includes assays, maps and
reports.

TOTAL ESTIMATED COST $42,000

COMPETITION

We do not compete directly with anyone for the exploration or removal of
minerals from our property as we hold all interest and rights to the claims.
Readily available commodities markets exist in the U.S. and around the world for
the sale of gold, silver and other minerals. Therefore, we will likely be able
to sell any gold, silver or other minerals that we are able to recover.

We will be subject to competition and unforeseen limited sources of supplies in
the industry in the event spot shortages arise for supplies such as dynamite,
and certain equipment such as bulldozers and excavators that we will need to
conduct exploration. We have not yet attempted to locate or negotiate with any
suppliers of products, equipment or services and will not do so until funds are
received from this offering. If we are unsuccessful in securing the products,
equipment and services we need we may have to suspend our exploration plans
until we are able to do so.

BANKRUPTCY OR SIMILAR PROCEEDINGS

There has been no bankruptcy, receivership or similar proceeding.

REORGANIZATIONS, PURCHASE OR SALE OF ASSETS

There have been no material reclassifications, mergers, consolidations, or
purchase or sale of a significant amount of assets not in the ordinary course of
business.

COMPLIANCE WITH GOVERNMENT REGULATION

We are required to comply with all regulations, rules and directives of
governmental authorities and agencies applicable to the exploration of minerals
in the United States generally, and in Nevada specifically. We are also subject
to the regulations of the Bureau of Land Management.

PATENTS, TRADEMARKS, FRANCHISES, CONCESSIONS, ROYALTY AGREEMENTS, OR LABOR
CONTRACTS

We have no current plans for any registrations such as patents, trademarks,
copyrights, franchises, concessions, royalty agreements or labor contracts. We
will assess the need for any copyright, trademark or patent applications on an
ongoing basis.

NEED FOR GOVERNMENT APPROVAL FOR ITS PRODUCTS OR SERVICES

We are not required to apply for or have any government approval for our
products or services.

RESEARCH AND DEVELOPMENT COSTS DURING THE LAST TWO YEARS

We have not expended funds for research and development costs since inception.

EMPLOYEES AND EMPLOYMENT AGREEMENTS

Our only employee is our sole officer, Kris Ertz, who currently devotes 5-6
hours per week to company matters and after receiving funding she plans to
devote as much time as the board of directors determines is necessary to manage

the affairs of the company. There are no formal employment agreements between
the company and our current employee.

REPORTS TO SECURITIES HOLDERS

We provide an annual report that includes audited financial information to our
shareholders. We will make our financial information equally available to any
interested parties or investors through compliance with the disclosure rules of
Regulation S-K for a small business issuer under the Securities Exchange Act of
1934. We are subject to disclosure filing requirements including filing Form 10K
annually and Form 10Q quarterly. In addition, we will file Form 8K and other
proxy and information statements from time to time as required. We do not intend
to voluntarily file the above reports in the event that our obligation to file
such reports is suspended under the Exchange Act. The public may read and copy
any materials that we file with the Securities and Exchange Commission, ("SEC"),
at the SEC's Public Reference Room at 100 F Street NE, Washington, DC 20549. The
public may obtain information on the operation of the Public Reference Room by
calling the SEC at 1-800-SEC-0330. The SEC maintains an Internet site
(http://www.sec.gov) that contains reports, proxy and information statements,
and other information regarding issuers that file electronically with the SEC.

ITEM 1A. RISK FACTORS

WE ARE AN EXPLORATION STAGE COMPANY, BUT HAVE NOT YET COMMENCED EXPLORATION
ACTIVITIES ON OUR CLAIMS. WE EXPECT TO INCUR OPERATING LOSSES FOR THE
FORESEEABLE FUTURE.

We were incorporated on July 16, 2008 and to date have been involved primarily
in organizational activities, the acquisition of the mineral claims and the
completion of our offering. We have not yet commenced exploration on the Zag 5-8
Mineral Claims (known as the "Zag Property.") Accordingly, we have no way to
evaluate the likelihood that our business will be successful. We have not earned
any revenues as of the date of this report. Potential investors should be aware
of the difficulties normally encountered by new mineral exploration companies
and the high rate of failure of such enterprises. The likelihood of success must
be considered in light of the problems, expenses, difficulties, complications
and delays encountered in connection with the exploration of the mineral
properties that we plan to undertake. Prior to completion of our exploration
stage, we anticipate that we will incur increased operating expenses without
realizing any revenues. We expect to incur significant losses into the
foreseeable future. We recognize that if mineral production is not forthcoming
from the claims, we will not be able to continue business operations. There is
no history upon which to base any assumption as to the likelihood that we will
prove successful, and it is doubtful that we will generate any operating
revenues or ever achieve profitable operations. If we are unsuccessful in
addressing these risks, our business will most likely fail.

WE HAVE YET TO EARN REVENUE AND OUR ABILITY TO SUSTAIN OUR OPERATIONS IS
DEPENDENT ON PROFITABLE OPERATIONS FROM THE DEVELOPMENT OF OUR MINERAL CLAIMS.
AS A RESULT, OUR ACCOUNTANT BELIEVES THERE IS SUBSTANTIAL DOUBT ABOUT OUR
ABILITY TO CONTINUE AS A GOING CONCERN.

We have accrued net losses of $21,520 for the period from our inception on July
16, 2008 to August 31, 2009, and have no revenues to date. Our future is
dependent upon future profitable operations from the development of our mineral
claims. These factors raise substantial doubt that we will be able to continue
as a going concern. Kyle L. Tingle, CPA, LLC, our independent auditor, has

expressed substantial doubt about our ability to continue as a going concern.
This opinion could materially limit our ability to raise additional funds by
issuing new debt or equity securities or otherwise if necessary. You should
consider our auditor's comments when determining if an investment in Bomps
Mining, Inc. is appropriate.

BECAUSE OF THE UNIQUE DIFFICULTIES AND UNCERTAINTIES INHERENT IN MINERAL
EXPLORATION VENTURES, WE FACE A HIGH RISK OF BUSINESS FAILURE.

You should be aware of the difficulties normally encountered by new mineral
exploration companies and the high rate of failure of such enterprises. The
likelihood of success must be considered in light of the problems, expenses,
difficulties, complications and delays encountered in connection with the
exploration of the mineral properties that we plan to undertake. These potential
problems include, but are not limited to, unanticipated problems relating to
exploration, and additional costs and expenses that may exceed current
estimates. The Zag Property does not contain a known body of any commercial
minerals and, therefore, any program conducted on the Zag Property would be an
exploratory search of any minerals. There is no certainty that any expenditures
made in the exploration of the Zag Property will result in discoveries of any
commercial quantities of minerals. Most exploration projects do not result in
the discovery of commercially mineable mineral deposits. Problems such as
unusual or unexpected formations and other conditions are common to mineral
exploration activities and often result in unsuccessful exploration efforts. If
the results of our exploration program do not reveal viable commercial
mineralization, we may decide to abandon our claim and acquire new claims for
new exploration. Our ability to acquire additional claims will be dependent upon
our possessing adequate capital resources when needed. If no funding is
available, we may be forced to abandon our operations.

WE HAVE NO KNOWN MINERAL RESERVES AND IF WE CANNOT FIND ANY, WE MAY HAVE TO
CEASE OPERATIONS.

We have no mineral reserves. If we do not find any commercially exploitable
mineral reserves or if we cannot complete the exploration of any mineral
reserves, either because we do not have the money to do so or because it is not
economically feasible to do so, we may have to cease operations and you may lose
your investment. Mineral exploration is highly speculative. It involves many
risks and is often non-productive. Even if we are able to find mineral reserves
on our property our production capability will be subject to further risks
including:

- The costs of bringing the property into production including
exploration work, preparation of production feasibility studies, and
construction of production facilities, all of which we have not
budgeted for;
- The availability and costs of financing;
- The ongoing costs of production; and
- Risks related to environmental compliance regulations and restraints.

The marketability of any minerals acquired or discovered may be affected by
numerous factors which are beyond our control and which cannot be accurately
predicted, such as market fluctuations, the lack of milling facilities and
processing equipment near the Zag Property, and other factors such as government
regulations, including regulations relating to allowable production, the
importing and exporting of minerals, and environmental protection.

Given the above noted risks, the chances of our finding and commercially
exploiting reserves on our mineral properties are remote and funds expended on
exploration will likely be lost.

BECAUSE OF THE INHERENT DANGERS INVOLVED IN MINERAL EXPLORATION, THERE IS A RISK
THAT WE MAY INCUR LIABILITY OR DAMAGES AS WE CONDUCT OUR BUSINESS.

The search for valuable minerals involves numerous hazards. As a result, we may
become subject to liability for such hazards, including pollution, cave-ins and
other hazards against which we cannot insure or against which we may elect not
to insure. At the present time we have no insurance to cover against these
hazards. The payment of such liabilities may result in our inability to complete
our planned exploration program and/or obtain additional financing to fund our
exploration program.

AS WE UNDERTAKE EXPLORATION OF OUR MINERAL CLAIMS, WE WILL BE SUBJECT TO
COMPLIANCE WITH GOVERNMENT REGULATION THAT MAY INCREASE THE ANTICIPATED COST OF
OUR EXPLORATION PROGRAM.

There are several governmental regulations that materially restrict mineral
exploration. We will be subject to the laws of the State of Nevada as we carry
out our exploration program. We may be required to obtain work permits, post
bonds and perform remediation work for any physical disturbance to the land in
order to comply with these laws. If we enter the production phase, the cost of
complying with permit and regulatory environment laws will be greater because
the impact on the project area is greater. Permits and regulations will control
all aspects of the production program if the project continues to that stage.
Examples of regulatory requirements include:

(a) Water discharge will have to meet drinking water standards;
(b) Dust generation will have to be minimal or otherwise re-mediated;
(c) Dumping of material on the surface will have to be re-contoured and
re-vegetated with natural vegetation;
(d) An assessment of all material to be left on the surface will need to
be environmentally benign;
(e) Ground water will have to be monitored for any potential contaminants;
(f) The socio-economic impact of the project will have to be evaluated and
if deemed negative, will have to be remediated; and
(g) There will have to be an impact report of the work on the local fauna
and flora including a study of potentially endangered species.

There is a risk that new regulations could increase our costs of doing business
and prevent us from carrying out our exploration program. We will also have to
sustain the cost of reclamation and environmental remediation for all
exploration work undertaken. Both reclamation and environmental remediation
refer to putting disturbed ground back as close to its original state as
possible. Other potential pollution or damage must be cleaned-up and renewed
along standard guidelines outlined in the usual permits. Reclamation is the
process of bringing the land back to its natural state after completion of
exploration activities. Environmental remediation refers to the physical
activity of taking steps to remediate, or remedy, any environmental damage
caused. The amount of these costs is not known at this time as we do not know
the extent of the exploration program that will be undertaken beyond completion
of the recommended work program. If remediation costs exceed our cash reserves
we may be unable to complete our exploration program and have to abandon our
operations.

BECAUSE OUR SOLE OFFICER AND/OR DIRECTOR DOES NOT HAVE ANY FORMAL TRAINING
SPECIFIC TO THE TECHNICALITIES OF MINERAL EXPLORATION, THERE IS A HIGHER RISK
OUR BUSINESS WILL FAIL.

Our sole officer and director is Kris Ertz. Ms. Ertz has no formal training as a
geologist or in the technical aspects of management of a mineral exploration
company. Her prior business experiences have primarily been in project
management, budgeting, and procurement in telecommunications. With no direct
training or experience in these areas, our management may not be fully aware of
the specific requirements related to working within this industry. Our
management's decisions and choices may not take into account standard
engineering or managerial approaches mineral exploration companies commonly use.
Consequently, our operations, earnings, and ultimate financial success could
suffer irreparable harm due to management's lack of experience in this industry.

BECAUSE OUR CURRENT OFFICER/DIRECTOR HAS OTHER BUSINESS INTERESTS, SHE MAY NOT
BE ABLE OR WILLING TO DEVOTE A SUFFICIENT AMOUNT OF TIME TO OUR BUSINESS
OPERATIONS, CAUSING OUR BUSINESS TO FAIL.

Ms. Kris Ertz, our officer/director, currently devotes approximately 5-6 hours
per week providing management services to us. While she presently possesses
adequate time to attend to our interest, it is possible that the demands on her
from other obligations could increase, with the result that she would no longer
be able to devote sufficient time to the management of our business. This could
negatively impact our business development.

THERE IS A RISK THAT OUR PROPERTY DOES NOT CONTAIN ANY KNOWN BODIES OF ORE
RESULTING IN ANY FUNDS SPENT ON EXPLORATION BEING LOST.

There is the likelihood of our mineral claim containing little or no economic
mineralization or reserves. We have a geological report detailing previous
exploration in the area, and the claim has been staked per Nevada regulations.
However, there is the possibility that previous work conducted was not carried
out properly and our claim does not contain any reserves, resulting in any funds
spent on exploration being lost.

BECAUSE WE HAVE NOT SURVEYED THE ZAG 5-8 MINERAL CLAIMS, WE MAY DISCOVER
MINERALIZATION ON THE CLAIMS THAT IS NOT WITHIN OUR CLAIM BOUNDARIES.

While we have conducted a mineral claim title search, this should not be
construed as a guarantee of claim boundaries. Until the claim is surveyed, the
precise location of the boundaries of the claim may be in doubt. If we discover
mineralization that is close to the claim boundaries, it is possible that some
or all of the mineralization may occur outside the boundaries. In such a case we
would not have the right to extract those minerals.

IF WE DISCOVER COMMERCIAL RESERVES OF PRECIOUS METALS ON OUR MINERAL PROPERTY,
WE CAN PROVIDE NO ASSURANCE THAT WE WILL BE ABLE TO SUCCESSFULLY ADVANCE THE
MINERAL CLAIMS INTO COMMERCIAL PRODUCTION.

If our exploration program is successful in establishing ore of commercial
tonnage and grade, we will require additional funds in order to advance the
claim into commercial production. Obtaining additional financing would be
subject to a number of factors, including the market price for the minerals,

investor acceptance of our claims and general market conditions. These factors
may make the timing, amount, terms or conditions of additional financing
unavailable to us. The most likely source of future funds is through the sale of
equity capital. Any sale of share capital will result in dilution to existing
shareholders. We may be unable to obtain any such funds, or to obtain such funds
on terms that we consider economically feasible and you may lose any investment
you make in this offering.

IF ACCESS TO OUR MINERAL CLAIMS IS RESTRICTED BY INCLEMENT WEATHER, WE MAY BE
DELAYED IN OUR EXPLORATION AND ANY FUTURE MINING EFFORTS.

It is possible that snow or rain could cause the mining roads providing access
to our claims to become impassable. If the roads are impassable we would be
delayed in our exploration timetable.

BASED ON CONSUMER DEMAND, THE GROWTH AND DEMAND FOR ANY ORE WE MAY RECOVER FROM
OUR CLAIMS MAY BE SLOWED, RESULTING IN REDUCED REVENUES TO THE COMPANY.

Our success will be dependent on the growth of demand for ores. If consumer
demand slows our revenues may be significantly affected. This could limit our
ability to generate revenues and our financial condition and operating results
may be harmed.

THE TRADING IN OUR SHARES WILL BE REGULATED BY THE SECURITIES AND EXCHANGE
COMMISSION RULE 15G-9 WHICH ESTABLISHED THE DEFINITION OF A "PENNY STOCK."

Our shares are defined as a penny stock under the Securities and Exchange Act of
1934, and rules of the Commission. The Exchange Act and such penny stock rules
generally impose additional sales practice and disclosure requirements on
broker-dealers who sell our securities to persons other than certain accredited
investors who are, generally, institutions with assets in excess of $4,000,000
or individuals with net worth in excess of $1,000,000 or annual income exceeding
$200,000 ($300,000 jointly with spouse), or in transactions not recommended by
the broker-dealer. For transactions covered by the penny stock rules, a broker
dealer must make certain mandated disclosures in penny stock transactions,
including the actual sale or purchase price and actual bid and offer quotations,
the compensation to be received by the broker-dealer and certain associated
persons, and deliver certain disclosures required by the Commission.
Consequently, the penny stock rules may make it difficult for you to resell any
shares you may purchase, if at all.

DUE TO THE LACK OF A TRADING MARKET FOR OUR SECURITIES, YOU MAY HAVE DIFFICULTY
SELLING ANY SHARES YOU PURCHASE IN THIS OFFERING.

We are not registered on any public stock exchange. There is presently no demand
for our common stock and no public market exists for our shares. We plan to
contact a market maker and apply to have the shares quoted on the
Over-The-Counter Electronic Bulletin Board (OTCBB). The OTCBB is a regulated
quotation service that displays real-time quotes, last sale prices and volume
information in over-the-counter (OTC) securities. The OTCBB is not an issuer
listing service, market or exchange. Although the OTCBB does not have any
listing requirements per se, to be eligible for quotation on the OTCBB, issuers
must remain current in their filing with the SEC or applicable regulatory
authority. Market makers are not permitted to begin quotation of a security
whose issuer does not meet her filing requirement. Securities already quoted on
the OTCBB that become delinquent in their required filings will be removed
following a 30 to 60 day grace period if they do not make their required filing
during that time. We cannot guarantee that our application will be accepted or

approved and our stock listed and quoted for sale. As of the date of this
filing, there have been no discussions or understandings between Bomps Mining,
Inc. and anyone acting on our behalf, with any market maker regarding
participation in a future trading market for our securities. If no market is
ever developed for our common stock, it will be difficult for you to sell any
shares you purchase in this offering. In such a case, you may find that you are
unable to achieve any benefit from your investment or liquidate your shares
without considerable delay, if at all. In addition, if we fail to have our
common stock quoted on a public trading market, your common stock will not have
a quantifiable value and it may be difficult, if not impossible, to ever resell
your shares, resulting in an inability to realize any value from your
investment.

WE WILL INCUR ONGOING COSTS AND EXPENSES FOR SEC REPORTING AND COMPLIANCE.
WITHOUT REVENUE WE MAY NOT BE ABLE TO REMAIN IN COMPLIANCE, MAKING IT DIFFICULT
FOR INVESTORS TO SELL THEIR SHARES, IF AT ALL.

We plan to contact a market maker and apply to have our shares quoted on the OTC
Electronic Bulletin Board. To be eligible for quotation, issuers must remain
current in their filings with the SEC. In order for us to remain in compliance
we will require future revenues to cover the cost of these filings, which could
comprise a substantial portion of our available cash resources. If we are unable
to generate sufficient revenues to remain in compliance it may be difficult for
you to resell any shares you may purchase, if at all.

MS. ERTZ, THE DIRECTOR OF THE COMPANY, BENEFICIALLY OWNS 75% OF THE OUTSTANDING
SHARES OF OUR COMMON STOCK. IF SHE CHOOSES TO sell HER SHARES IN THE FUTURE, IT
MIGHT HAVE AN ADVERSE EFFECT ON THE PRICE OF OUR STOCK.

Due to the amount of Ms. Ertz's share ownership in our company, if she chooses
to sell her shares in the public market, the market price of our stock could
decrease and all shareholders suffer a dilution of the value of their stock. If
she does sell any of her common stock, she will be subject to Rule 144 under the
1933 Securities Act which will restrict her ability to sell her shares.

ITEM 2. PROPERTIES

We do not currently own any property. Our offices are located at 3960 W. Point
Loma Blvd., Suite H-436, San Diego, CA 92110. Our President, Kris Ertz provides
the office on a rent free basis during our exploration stage. We consider our
current principal office space arrangement adequate and will reassess our needs
based upon the future growth of the company.

ITEM 3. LEGAL PROCEEDINGS

We are not currently involved in any legal proceedings and we are not aware of
any pending or potential legal actions.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

There were no matters submitted to a vote of the security holders during the
year ended August 31, 2009.

PART II

ITEM 5. MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

NO PUBLIC MARKET FOR COMMON STOCK

No public market currently exists for shares of our common stock. We intend to
apply to have our common stock listed for quotation on the Over-the-Counter
Bulletin Board.

As of the date of this report, Bomps Mining, Inc. has 26 shareholders of record.
We have paid no cash dividends and have no outstanding options. We have no
securities authorized for issuance under equity compensation plans.

The SEC has adopted rules that regulate broker-dealer practices in connection
with transactions in penny stocks. Penny stocks are generally equity securities
with a price of less than $5.00, other than securities registered on certain
national securities exchanges or quoted on the NASDAQ system, provided that
current price and volume information with respect to transactions in such
securities is provided by the exchange or quotation system. The penny stock
rules require a broker-dealer, prior to a transaction in a penny stock, to
deliver a standardized risk disclosure document prepared by the SEC, that: (a)
contains a description of the nature and level of risk in the market for penny
stocks in both public offerings and secondary trading; b) contains a description
of the broker's or dealer's duties to the customer and of the rights and
remedies available to the customer with respect to a violation to such duties or
other requirements of Securities' laws; (c) contains a brief, clear, narrative
description of a dealer market, including bid and ask prices for penny stocks
and the significance of the spread between the bid and ask price; (d) contains a
toll-free telephone number for inquiries on disciplinary actions; (e) defines
significant terms in the disclosure document or in the conduct of trading in
penny stocks; and (f) contains such other information and is in such form,
including language, type, size and format, as the SEC shall require by rule or
regulation. The broker-dealer also must provide, prior to effecting any
transaction in a penny stock, the customer with: (a) bid and offer quotations
for the penny stock; (b) the compensation of the broker-dealer and its
salesperson in the transaction; (c) the number of shares to which such bid and
ask prices apply, or other comparable information relating to the depth and
liquidity of the market for such stock; and (d) monthly account statements
showing the market value of each penny stock held in the customer's account. In
addition, the penny stock rules require that prior to a transaction in a penny
stock not otherwise exempt from those rules; the broker-dealer must make a
special written determination that the penny stock is a suitable investment for
the purchaser and receive the purchaser's written acknowledgment of the receipt
of a risk disclosure statement, a written agreement to transactions involving
penny stocks, and a signed and dated copy of a suitably written statement.

These disclosure requirements may have the effect of reducing the trading
activity in the secondary market for our stock and stockholders may have
difficulty selling our securities.

ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS

FORWARD LOOKING STATEMENTS

This report contains forward-looking statements that involve risk and
uncertainties. We use words such as "anticipate", "believe", "plan", "expect",
"future", "intend", and similar expressions to identify such forward-looking
statements. Investors should be aware that all forward-looking statements
contained within this filing are good faith estimates of management as of the
date of this filing. Our actual results could differ materially from those
anticipated in these forward-looking statements for many reasons, including the
risks faced by us as described in the "Risk Factors" section and elsewhere in
this report.

RESULTS OF OPERATIONS

We are still in our exploration stage and have generated no revenues to date.

We incurred operating expenses of $14,126 and $7,394 for the years ended August
31, 2009 and 2008, respectively. These expenses consisted of general operating
expenses and professional fees incurred in connection with the day to day
operation of our business and the preparation and filing of our periodic
reports. Our net loss from inception through August 31, 2009 was $21,520.

The following table provides selected financial data about our company for the
years ended August 31, 2009 and 2008.

Balance Sheet Data: 8/31/09 8/31/08
------------------- ------- -------

Cash $26,400 $ 7,606
Total assets $26,400 $ 7,606
Total liabilities $ 6,520 $ 0
Shareholders' equity $19,880 $ 7,606

We received our initial funding of $15,000 through the sale of common stock to
our director who purchased 3,000,000 shares of common stock at $.005 per share
on August 31, 2008. Subsequent to our August 31, 2009 year end, on September 18,
2009 we issued a total of 1,000,000 shares of common stock to various
individuals for cash in the amount of $0.03 per share for a total of $30,000.

Our auditors have issued a going concern opinion. This means that there is
substantial doubt that we can continue as an on-going business for the next
twelve months unless we obtain additional capital to pay our bills. This is
because we have not generated revenues and no revenues are anticipated until we
begin removing and selling minerals. There is no assurance we will ever reach
that point.

LIQUIDITY AND CAPITAL RESOURCES

Our cash balance at August 31, 2009 was $26,400 with $6,520 in outstanding
liabilities. Management believes our current cash balance will sustain
operations for the next 12 months. We are an exploration stage company and have
generated no revenue to date. If we experience a shortage of funds prior to

generating revenues, we may utilize funds from our director, who has informally
agreed to advance funds to allow us to pay for operating costs, however she has
no formal commitment, arrangement or legal obligation to advance or loan funds
to the company.

PLAN OF OPERATION

Our plan of operation for the next twelve months is to complete the first two
phases of the exploration program on our claims consisting of geological
mapping, soil sampling and rock sampling. In addition to the $8,000 we
anticipate spending for Phase 1 and $9,000 on Phase 2 of the exploration program
as outlined below, we anticipate spending an additional $17,000 on professional
fees and complying with reporting obligations, and general administrative costs.
Total expenditures over the next 12 months are therefore expected to be
approximately $34,000. If we experience a shortage of funds prior to funding
during the next 12 months, we may utilize funds from our director, who has
informally agreed to advance funds to allow us to pay for professional fees and
operation expenses, however, she has no formal commitment, arrangement or legal
obligation to advance or loan funds to the company. We will require the funds
from our offering to proceed.

We engaged Mr. James W. McLeod, P. Geo., to prepare a geological evaluation
report on the Zag Property. Mr. McLeod's report summarizes the results of the
history of the exploration of the mineral claims, the regional and local geology
of the mineral claims and the mineralization and the geological formations
identified as a result of the prior exploration in the claim areas. The
geological report also gives conclusions regarding potential mineralization of
the mineral claims and recommends a further geological exploration program on
the mineral claims. The exploration program recommended by Mr. McLeod is as
follows:

Phase Exploration Program Cost Status
----- ------------------- ---- ------

TOTAL ESTIMATED COST $42,000

We plan to commence Phase 1 of the exploration program on the claims in the
winter of 2009. We have a verbal agreement with James McLeod, the consulting
geologist, who prepared the geology report on our claims, to retain his services
for our planned exploration program. We expect this phase to take two weeks to
complete and an additional three months for the consulting geologist to receive
the results from the assay lab and prepare his report. If Phase 1 of the
exploration program is successful, we anticipate commencing Phase 2 in the
spring of 2010. We expect this phase to take three weeks to complete and an
additional three months for the consulting geologist to receive the results from
the assay lab and prepare his report.

The above program costs are management's estimates based upon the
recommendations of the professional consulting geologist's report and the actual
project costs may exceed our estimates. To date, we have not commenced
exploration.

Following phase two of the exploration program, if it proves successful in
identifying mineral deposits, we intend to proceed with phase three of our
exploration program if we are able to raise the funds necessary. The estimated
cost of this program is $25,000 and will take approximately 4 weeks to complete
and an additional three to four months for the consulting geologist to receive
the results from the assay lab and prepare his report.

Subject to financing, we anticipate commencing the third phase sometime after
Phase 2 has been completed; the timing will depend on the consulting geologist's
schedule. We will require additional funding to proceed with phase three and any
subsequent work on the claims, we have no current plans on how to raise the
additional funding. We cannot provide investors with any assurance that we will
be able to raise sufficient funds to proceed with any work after the first two
phases of the exploration program.

OFF-BALANCE SHEET ARRANGEMENTS

We do not have any off-balance sheet arrangements that have or are reasonably
likely to have a current or future effect on our financial condition, changes in
financial condition, revenues or expenses, results of operations, liquidity,
capital expenditures or capital resources that is material to investors.

ITEM 8. FINANCIAL STATEMENTS

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors
Bomps Mining, Inc.

We have audited the accompanying balance sheets of Bomps Mining, Inc. (A
Development Stage Enterprise) as of August 31, 2009 and 2008 and the related
statements of operations, stockholder's equity, and cash flows for the years
then ended and the period July 16, 2008 (inception) through August 31, 2009.
These financial statements are the responsibility of the Company's management.
Our responsibility is to express an opinion on these financial statements based
on our audit.

We conducted our audits in accordance with the standards of the Public Company
Accounting Oversight Board (United States). Those standards require that we plan
and perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement. The Company is not required to
have, nor were we engaged to perform, an audit of its internal control over
financial reporting. Our audit included consideration of internal control over
financial reporting as a basis for designing audit procedures that are
appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of the Company's internal control over financial
reporting. Accordingly, we express no such opinion. An audit includes examining,
on a test basis, evidence supporting the amounts and disclosures in the
financial statements. An audit also includes assessing the accounting principles
used and significant estimates made by management, as well as evaluating the
overall financial statement presentation. We believe that our audits provide a
reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in
all material respects, the financial position of Bomps Mining, Inc. (A
Development Stage Enterprise) as of August 31, 2009 and 2008 and the results of
its operations and cash flows for the years then ended and the period July 16,
2008 (inception) through August 31, 2009, in conformity with U.S. generally
accepted accounting principles.

The accompanying financial statements have been prepared assuming that the
Company will continue as a going concern. As discussed in Note 6 to the
financial statements, the Company has limited operations and has no established
source of revenue. This raises substantial doubt about its ability to continue
as a going concern. Management's plan in regard to these matters is also
described in Note 6. The financial statements do not include any adjustments
that might result from the outcome of this uncertainty.

/s/ Kyle L. Tingle, CPA, LLC
-------------------------------------
Kyle L. Tingle, CPA, LLC

November 10, 2009
Las Vegas, Nevada

BOMPS MINING, INC.
(An Exploration Stage Enterprise)
Balance Sheets

August 31, August 31,
2009 2008
-------- --------

ASSETS

Current Assets
Cash $ -- $ 7,606
Restricted cash 26,400 --
-------- --------
Total Current Assets 26,400 7,606
-------- --------

Total Assets $ 26,400 $ 7,606
======== ========

LIABILITIES AND STOCKHOLDER'S EQUITY

Outstanding checks in excess of bank balance $ 820 $ --
Accounts payable 1,500 --
Loan from director 4,200 --
-------- --------
Current Liabilities 6,520 --
-------- --------

STOCKHOLDER'S (DEFICIT) EQUITY
Common stock subscribed 26,400 --
Common stock: $0.0001 par value; 80,000,000 authorized;
3,000,000 common shares issued and outstanding at
August 31, 2009 and August 31, 2008 300 300
Additional paid in capital 14,700 14,700
Accumulated deficit during exploration stage (21,520) (7,394)
-------- --------
Total stockholder's equity 19,880 7,606
-------- --------

TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY $ 26,400 $ 7,606
======== ========

The accompanying notes are an integral part of these financial statements.

BOMPS MINING, INC.
(An Exploration Stage Enterprise)
Statements of Operations

July 16, 2008
(Date of Inception)
Year Ended Year Ended through
August 31, August 31, August 31,
2009 2008 2009
---------- ---------- ----------

Revenue $ -- $ -- $ --
---------- ---------- ----------

Cost of revenue -- -- --

Gross profit -- -- --
General, selling, and administrative expenses 14,126 394 14,520
Mineral Expenditures -- 7,000 7,000
---------- ---------- ----------

Operating loss (14,126) (7,394) (21,520)

Non-operating income (expense) -- -- --
---------- ---------- ----------

Net loss $ (14,126) $ (7,394) $ (21,520)
========== ========== ==========

Net loss per share, basic and diluted $ (0.00) $ (0.00)
========== ==========

Weighted average number of common shares outstanding 3,000,000 3,000,000
========== ==========

The accompanying notes are an integral part of these financial statements.

BOMPS MINING, INC.
(An Exploration Stage Enterprise)
STATEMENT OF STOCKHOLDER'S EQUITY (DEFICIT)
From Inception July 16, 2008 to August 31, 2009

Deficit
Accumulated
Common During Total
Common Stock Paid in Stock Exploration Equity
Shares Amount Capital Subscribed Stage (Deficit)
------ ------ ------- ---------- ----- ---------

Common Shares issued to founders
@ $0.005 per share 3,000,000 $ 300 $ 14,700 $ -- $ -- $ 15,000

Net loss, August 31, 2008 -- -- -- -- (7,394) (7,394)
--------- ------ -------- -------- --------- --------

Balance, August 31, 2008 3,000,000 $ 300 $ 14,700 $ -- $ (7,394) $ 7,606
====== ======== ======== ========= ========

Common stock subscribed, 880,000
shares at $0.03 per share -- -- -- 26,400 -- 26,400

Net loss, August 31, 2009 -- -- -- -- (14,126) (14,126)
--------- ------ -------- -------- --------- --------

Balance, August 31, 2009 3,000,000 $ 300 $ 14,700 $ 26,400 $ (21,520) $ 19,880
========= ====== ======== ======== ========= ========

The accompanying notes are an integral part of these financial statements.

BOMPS MINING, INC.
(An Exploration Stage Enterprise)
Statements of Cash Flows

July 16, 2008
(Date of Inception)
Year Ended Year Ended through
August 31, August 31, August 31,
2009 2008 2009
-------- -------- --------

CASH FLOWS FROM OPERATING ACTIVITIES
Net loss $(14,126) $ (7,394) $(21,520)
Increase in Accounts payable 1,500 -- 1,500
-------- -------- --------
NET CASH USED IN OPERATING ACTIVITIES (12,626) (7,394) (20,020)
-------- -------- --------

CASH FLOWS FROM INVESTING ACTIVITIES -- -- --
-------- -------- --------
CASH FLOWS FROM FINANCING ACTIVITIES
Outstanding checks in excess of bank balance 820 -- 820
Increase in loan from director 4,200 -- 4,200
Issuance of common stock -- 15,000 15,000
-------- -------- --------
NET CASH PROVIDED BY FINANCING ACTIVITIES 5,020 15,000 20,020
-------- -------- --------

NET INCREASE IN CASH (7,606) 7,606 --

Cash at Beginning of Year 7,606 -- --
-------- -------- --------

CASH AT END OF YEAR $ -- $ 7,606 $ --
======== ======== ========

Supplemental Disclosures for Cash Flow Information

Subscription of stock for restricted cash $ 26,400 $ -- $ 26,400
======== ======== ========
Cash paid for:
Interest expense $ -- $ -- $ --
======== ======== ========
Income taxes $ -- $ -- $ --
======== ======== ========

The accompanying notes are an integral part of these financial statements.

BOMPS MINING INC.
(An Exploration Stage Enterprise)
Notes to Financial Statements
August 31, 2009 and 2008

NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS

BOMPS MINING, INC. (the Company) was incorporated on July 16, 2008 under the
laws of the State of Delaware. The Company is primarily engaged in the
acquisition and exploration of mining properties.

The Company currently has no operations and, in accordance with ASC 915
"DEVELOPMENT STAGE ENTITIES," is considered an Exploration Stage Enterprise. The
Company has been in the exploration stage since its formation and has not yet
realized any revenues from its planned operations.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

BASIS OF PRESENTATION

The Company reports revenue and expenses using the accrual method of accounting
for financial and tax reporting purposes.

USE OF ESTIMATES

Management uses estimates and assumptions in preparing these financial
statements in accordance with generally accepted accounting principles. Those
estimates and assumptions affect the reported amounts of assets and liabilities,
the disclosure of contingent assets and liabilities, and the reported revenues
and expenses. Actual results could differ from those estimates.

CASH

For the Statement of Cash Flows, all highly liquid investments with maturity of
three months or less are considered to be cash equivalents. There were no cash
equivalents as of August 31, 2009 and August 31, 2008.

MINERAL PROPERTY ACQUISITION AND EXPLORATION COSTS

Mineral property acquisition, exploration and development costs are expensed as
incurred until such time as economic reserves are quantified. To date the
Company has not established any proven or probable reserves on its mineral
properties.

DEPRECIATION, AMORTIZATION AND CAPITALIZATION

The Company records depreciation and amortization, when appropriate, using
straight-line method over the estimated useful lives of the assets (five to
seven years). Expenditures for maintenance and repairs are charged to expense as
incurred. Additions, major renewals and replacements that increase the

BOMPS MINING INC.
(An Exploration Stage Enterprise)
Notes to Financial Statements
August 31, 2009 and 2008

property's useful life are capitalized. Property sold or retired, together with
the related accumulated depreciation is removed from the appropriate accounts
and the resultant gain or loss is included in net income.

INCOME TAXES

The Company accounts for income taxes under ASC 740 "INCOME TAXES" which
codified SFAS 109, "ACCOUNTING FOR INCOME TAXES" and FIN 48 "ACCOUNTING FOR
UNCERTAINTY IN INCOME TAXES - AN INTERPRETATION OF FASB STATEMENT NO. 109."
Under the asset and liability method of ASC 740, deferred tax assets and
liabilities are recognized for the future tax consequences attributable to
differences between the financial statements carrying amounts of existing assets
and liabilities and their respective tax bases. Deferred tax assets and
liabilities are measured using enacted tax rates expected to apply to taxable
income in the years in which those temporary differences are expected to be
recovered or settled. Under ASC 740, the effect on deferred tax assets and
liabilities of a change in tax rates is recognized in income in the period the
enactment occurs. A valuation allowance is provided for certain deferred tax
assets if it is more likely than not that the Company will not realize tax
assets through future operations.

FAIR VALUE OF FINANCIAL INSTRUMENTS

The Company's financial instruments as defined by FASB ASC 825-10-50 include
cash, trade accounts receivable, and accounts payable and accrued expenses. All
instruments are accounted for on a historical cost basis, which, due to the
short maturity of these financial instruments, approximates fair value at
September 30, 2009.

FASB ASC 820 defines fair value, establishes a framework for measuring fair
value in accordance with generally accepted accounting principles, and expands
disclosures about fair value measurements. ASC 820 establishes a three-tier fair
value hierarchy which prioritizes the inputs used in measuring fair value as
follows:

Level 1. Observable inputs such as quoted prices in active markets;

Level 2. Inputs, other than the quoted prices in active markets, that are
observable either directly or indirectly; and

Level 3. Unobservable inputs in which there is little or no market data, which
requires the reporting entity to develop its own assumptions.

The Company does not have any assets or liabilities measured at fair value on a
recurring basis at August 31, 2009 and 2008. The Company did not have any fair
value adjustments for assets and liabilities measured at fair value on a
nonrecurring basis during the periods ended August 31, 2009 and 2008.

BOMPS MINING INC.
(An Exploration Stage Enterprise)
Notes to Financial Statements
August 31, 2009 and 2008

EARNINGS PER SHARE INFORMATION

FASB ASC 260, "EARNINGS PER SHARE" provides for calculation of "basic" and
"diluted" earnings per share. Basic earnings per share includes no dilution and
is computed by dividing net income (loss) available to common shareholders by
the weighted average common shares outstanding for the period. Diluted earnings
per share reflect the potential dilution of securities that could share in the
earnings of an entity similar to fully diluted earnings per share. Basic and
diluted loss per share were the same, at the reporting dates, as there were no
common stock equivalents outstanding.

SHARE BASED EXPENSES

ASC 718 "COMPENSATION - STOCK COMPENSATION" codified SFAS No. 123 prescribes
accounting and reporting standards for all stock-based payments award to
employees, including employee stock options, restricted stock, employee stock
purchase plans and stock appreciation rights. , may be classified as either
equity or liabilities. The Company should determine if a present obligation to
settle the share-based payment transaction in cash or other assets exists. A
present obligation to settle in cash or other assets exists if: (A) the option
to settle by issuing equity instruments lacks commercial substance or (B) the
present obligation is implied because of an entity's past practices or stated
policies. If a present obligation exists, the transaction should be recognized
as a liability; otherwise, the transaction should be recognized as equity

The Company accounts for stock-based compensation issued to non-employees and
consultants in accordance with the provisions of ASC 505-50 "EQUITY - BASED
PAYMENTS TO NON-EMPLOYEES" which codified SFAS 123 and the Emerging Issues Task
Force consensus in Issue No. 96-18 ("EITF 96-18"), "ACCOUNTING FOR EQUITY
INSTRUMENTS THAT ARE ISSUED TO OTHER THAN EMPLOYEES FOR ACQUIRING OR IN
CONJUNCTION WITH SELLING, GOODS OR SERVICES". Measurement of share-based payment
transactions with non-employees shall be based on the fair value of whichever is
more reliably measurable: (A) the goods or services received; or (B) the equity
instruments issued. The fair value of the share-based payment transaction should
be determined at the earlier of performance commitment date or performance
completion date.

NOTE 3 - PROVISION FOR INCOME TAXES

We did not provide any current or deferred U.S. federal income tax provision or
benefit for any of the periods presented because we have experienced operating
losses since inception. Under ASC 740 "INCOME TAXES," when it is more likely
than not that a tax asset cannot be realized through future income the Company
must allow for this future tax benefit. We provided a full valuation allowance
on the net deferred tax asset, consisting of net operating loss carryforwards,
because management has determined that it is more likely than not that we will
not earn income sufficient to realize the deferred tax assets during the
carryforward period.

BOMPS MINING INC.
(An Exploration Stage Enterprise)
Notes to Financial Statements
August 31, 2009 and 2008

The components of the Company's deferred tax asset as of August 31, 2009 and
2008 are as follows:

2009 2008
-------- --------

Net operating loss carryforward $ 7,532 $ 2,588
Valuation allowance (7,532) (2,588)
-------- --------

Net deferred tax asset $ 0 $ 0
======== ========

A reconciliation of income taxes computed at the statutory rate to the income
tax amount recorded is as follows:

2009 2008 Since Inception
-------- -------- ---------------

Tax at statutory rate (35%) $ 4,944 $ 2,588 $ 7,532
Increase in valuation allowance (4,944) (2,588) (7,532)
-------- -------- --------

Net deferred tax asset $ 0 $ 0 $ 0
======== ======== ========

The net federal operating loss carry forward will expire in 2028 and 2029. This
carry forward may be limited upon the consummation of a business combination
under IRC Section 381.

NOTE 4 - COMMITMENTS AND CONTINGENCIES

The Company is not presently involved in any litigation.

NOTE 5 - RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS

RECENTLY IMPLEMENTED STANDARDS

ASC 105, "GENERALLY ACCEPTED ACCOUNTING PRINCIPLES" (ASC 105) (formerly
Statement of Financial Accounting Standards No. 168, "THE FASB ACCOUNTING
STANDARDS CODIFICATION AND THE HIERARCHY OF GENERALLY ACCEPTED ACCOUNTING
PRINCIPLES A REPLACEMENT OF FASB STATEMENT NO. 162)" reorganized by topic
existing accounting and reporting guidance issued by the Financial Accounting
Standards Board ("FASB") into a single source of authoritative generally
accepted accounting principles ("GAAP") to be applied by nongovernmental
entities. All guidance contained in the Accounting Standards Codification
("ASC") carries an equal level of authority. Rules and interpretive releases of
the Securities and Exchange Commission ("SEC") under authority of federal
securities laws are also sources of authoritative GAAP for SEC registrants.
Accordingly, all other accounting literature will be deemed "non-authoritative".
ASC 105 is effective on a prospective basis for financial statements issued for
interim and annual periods ending after September 15, 2009. The Company has

BOMPS MINING INC.
(An Exploration Stage Enterprise)
Notes to Financial Statements
August 31, 2009 and 2008

implemented the guidance included in ASC 105 as of July 1, 2009. The
implementation of this guidance changed the Company's references to GAAP
authoritative guidance but did not impact the Company's financial position or
results of operations.

ASC 855, "SUBSEQUENT EVENTS" (ASC 855) (formerly Statement of Financial
Accounting Standards No. 165, SUBSEQUENT EVENTS) includes guidance that was
issued by the FASB in May 2009, and is consistent with current auditing
standards in defining a subsequent event. Additionally, the guidance provides
for disclosure regarding the existence and timing of a company's evaluation of
its subsequent events. ASC 855 defines two types of subsequent events,
"recognized" and "non-recognized". Recognized subsequent events provide
additional evidence about conditions that existed at the date of the balance
sheet and are required to be reflected in the financial statements.
Non-recognized subsequent events provide evidence about conditions that did not
exist at the date of the balance sheet but arose after that date and, therefore;
are not required to be reflected in the financial statements. However, certain
non-recognized subsequent events may require disclosure to prevent the financial
statements from being misleading. This guidance was effective prospectively for
interim or annual financial periods ending after June 15, 2009. The Company
implemented the guidance included in ASC 855 as of April 1, 2009. The effect of
implementing this guidance was not material to the Company's financial position
or results of operations.

In August 2009, the FASB issued Accounting Standards Update No. 2009-05,
"MEASURING LIABILITIES AT FAIR VALUE," (ASU 2009-05). ASU 2009-05 provides
guidance on measuring the fair value of liabilities and is effective for the
first interim or annual reporting period beginning after its issuance. The
Company's adoption of ASU 2009-05 did not have an effect on its disclosure of
the fair value of its liabilities.

RECENTLY ISSUED STANDARDS

In September 2009, the FASB issued ASC Update No. 2009-12, "FAIR VALUE
MEASUREMENTS AND DISCLOSURES (TOPIC 820): INVESTMENTS IN CERTAIN ENTITIES THAT
CALCULATE NET ASSET VALUE PER SHARE (OR ITS EQUIVALENT)" (ASC Update No.
2009-12). This update sets forth guidance on using the net asset value per share
provided by an investee to estimate the fair value of an alternative investment.
Specifically, the update permits a reporting entity to measure the fair value of
this type of investment on the basis of the net asset value per share of the
investment (or its equivalent) if all or substantially all of the underlying
investments used in the calculation of the net asset value is consistent with
ASC 820. The update also requires additional disclosures by each major category
of investment, including, but not limited to, fair value of underlying
investments in the major category, significant investment strategies, redemption
restrictions, and unfunded commitments related to investments in the major
category. The amendments in this update are effective for interim and annual
periods ending after December 15, 2009 with early application permitted. The

BOMPS MINING INC.
(An Exploration Stage Enterprise)
Notes to Financial Statements
August 31, 2009 and 2008

Company does not expect that the implementation of ASC Update No. 2009-12 will
have a material effect on its financial position or results of operations.

In June 2009, FASB issued Statement of Financial Accounting Standards No. 167,
AMENDMENTS TO FASB INTERPRETATION NO. 46(R) ("Statement No. 167"). Statement No.
167 amends FASB Interpretation No. 46R, CONSOLIDATION OF VARIABLE INTEREST
ENTITIES AN INTERPRETATION OF ARB NO. 51 ("FIN 46R") to require an analysis to
determine whether a company has a controlling financial interest in a variable
interest entity. This analysis identifies the primary beneficiary of a variable
interest entity as the enterprise that has a) the power to direct the activities
of a variable interest entity that most significantly impact the entity's
economic performance and b) the obligation to absorb losses of the entity that
could potentially be significant to the variable interest entity or the right to
receive benefits from the entity that could potentially be significant to the
variable interest entity. The statement requires an ongoing assessment of
whether a company is the primary beneficiary of a variable interest entity when
the holders of the entity, as a group, lose power, through voting or similar
rights, to direct the actions that most significantly affect the entity's
economic performance. This statement also enhances disclosures about a company's
involvement in variable interest entities. Statement No. 167 is effective as of
the beginning of the first annual reporting period that begins after November
15, 2009. Although Statement No. 167 has not been incorporated into the
Codification, in accordance with ASC 105, the standard shall remain
authoritative until it is integrated. The Company does not expect the adoption
of Statement No. 167 to have a material impact on its financial position or
results of operations

In June 2009, the FASB issued Statement of Financial Accounting Standards No.
166, ACCOUNTING FOR TRANSFERS OF FINANCIAL ASSETS AN AMENDMENT OF FASB STATEMENT
NO. 140 ("Statement No. 166"). Statement No. 166 revises FASB Statement of
Financial Accounting Standards No. 140, ACCOUNTING FOR TRANSFERS AND
EXTINGUISHMENT OF LIABILITIES A REPLACEMENT OF FASB STATEMENT 125 ("Statement
No. 140") and requires additional disclosures about transfers of financial
assets, including securitization transactions, and any continuing exposure to
the risks related to transferred financial assets. It also eliminates the
concept of a "qualifying special-purpose entity", changes the requirements for
derecognizing financial assets, and enhances disclosure requirements. Statement
No. 166 is effective prospectively, for annual periods beginning after November
15, 2009, and interim and annual periods thereafter. Although Statement No. 166
has not been incorporated into the Codification, in accordance with ASC 105, the
standard shall remain authoritative until it is integrated. The Company does not
expect the adoption of Statement No. 166 will have a material impact on its
financial position or results of operations.

BOMPS MINING INC.
(An Exploration Stage Enterprise)
Notes to Financial Statements
August 31, 2009 and 2008

NOTE 6 - GOING CONCERN

Future issuances of the Company's equity or debt securities will be required in
order for the Company to continue to finance its operations and continue as a
going concern. The Company's present revenues are insufficient to meet operating
expenses.

The financial statements of the Company have been prepared assuming that the
Company will continue as a going concern, which contemplates, among other
things, the realization of assets and the satisfaction of liabilities in the
normal course of business. The Company has incurred cumulative net losses of
$21,520 since its inception and requires capital for its contemplated
operational and marketing activities to take place. The Company's ability to
raise additional capital through the future issuances of common stock is
unknown. The obtainment of additional financing, the successful development of
the Company's contemplated plan of operations, and its transition, ultimately,
to the attainment of profitable operations are necessary for the Company to
continue operations. The ability to successfully resolve these factors raise
substantial doubt about the Company's ability to continue as a going concern.
The financial statements of the Company do not include any adjustments that may
result from the outcome of these aforementioned uncertainties.

NOTE 7 - RELATED PARTY TRANSACTIONS

The sole officer and director of the Company may, in the future, become involved
in other business opportunities as they become available, thus she may face a
conflict in selecting between the Company and her other business opportunities.
The Company has not formulated a policy for the resolution of such conflicts.

The sole officer and director of the Company, will not be paid for any
underwriting services that she performs on behalf of the Company with respect to
the Company's current S-1 offering. She will also not receive any interest on
any funds that she advances to the Company for offering expenses prior to the
offering being closed which will be repaid from the proceeds of the offering.

While the company is seeking additional capital the director has advanced funds
to the company to pay any cost incurred by it. These funds are interest free.
The balance due to the director was $4,200 on August 31, 2009.

NOTE 8 - STOCKHOLDER'S EQUITY

The stockholder's equity section of the Company contains the following classes
of capital stock as of August 31, 2009:

Common Stock, $ 0.0001 par value: 80,000,000 shares authorized; 3,000,000 shares
issued and outstanding.

BOMPS MINING INC.
(An Exploration Stage Enterprise)
Notes to Financial Statements
August 31, 2009 and 2008

On August 31, 2008 the Company issued a total of 3,000,000 shares of common
stock to one director for cash in the amount of $0.005 per share for a total of
$ 15,000.

As of August 31, 2009 the Company had 3,000,000 shares of common stock issued
and outstanding.

During August 2009, the Company authorized the sale of 1,000,000 shares at $0.03
per share. Shares were not to be issued unless the full $30,000 in capital was
subscribed. The Company issued 1,000,000 shares on September 18, 2009. As of
August 31, 2009, 880,000 shares were subscribed for $26,400. The $26,400 is
restricted cash as of August 31, 2009.

NET LOSS PER COMMON SHARE

Net loss per share is calculated in accordance with SFAS No. 128, "EARNINGS PER
SHARE." The weighted-average number of common shares outstanding during each
period is used to compute basic loss per share. Diluted loss per share is
computed using the weighted averaged number of shares and dilutive potential
common shares outstanding. Dilutive potential common shares are additional
common shares assumed to be exercised.

Basic net loss per common share is based on the weighted average number of
shares of common stock outstanding of 3,000,000 for the years ended August 31,
2009 and August 31, 2008. As of August 31, 2009, August 31, 2008 and since
inception, the Company had no dilutive potential common shares.

NOTE 9 - SUBSEQUENT EVENT

On September 18, 2009 the Company issued a total of 1,000,000 shares of common
stock to various individuals for cash in the amount of $0.03 per share for a
total of $ 30,000 to complete its S-1 offering.

ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON FINANCIAL DISCLOSURE

None.

ITEM 9A. CONTROLS AND PROCEDURES

EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES

Under the supervision and with the participation of our management, including
our principal executive officer and the principal financial officer (our
president), we have conducted an evaluation of the effectiveness of the design
and operation of our disclosure controls and procedures, as defined in Rules
13a-15(e) and 15d-15(e) under the Securities and Exchange Act of 1934, as of the
end of the period covered by this report. Based on this evaluation, our
principal executive officer and principal financial officer concluded as of the
evaluation date that our disclosure controls and procedures were effective such
that the material information required to be included in our Securities and
Exchange Commission reports is accumulated and communicated to our management,
including our principal executive and financial officer and is recorded,
processed, summarized and reported within the time periods specified in
Securities and Exchange Commission rules and forms relating to our company,
particularly during the period when this report was being prepared.

MANAGEMENT'S ANNUAL REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING

Our management is responsible for establishing and maintaining adequate internal
control over financial reporting, as such term is defined in Rules 13a-15(f) and
15d-15(f) under the Exchange Act, for the company.

Internal control over financial reporting includes those policies and procedures
that: (1) pertain to the maintenance of records that, in reasonable detail,
accurately and fairly reflect the transactions and dispositions of our assets;
(2) provide reasonable assurance that transactions are recorded as necessary to
permit preparation of financial statements in accordance with generally accepted
accounting principles, and that our receipts and expenditures are being made
only in accordance with authorizations of its management and directors; and (3)
provide reasonable assurance regarding prevention or timely detection of
unauthorized acquisition, use or disposition of our assets that could have a
material effect on the financial statements.

Management recognizes that there are inherent limitations in the effectiveness
of any system of internal control, and accordingly, even effective internal
control can provide only reasonable assurance with respect to financial
statement preparation and may not prevent or detect material misstatements. In
addition, effective internal control at a point in time may become ineffective
in future periods because of changes in conditions or due to deterioration in
the degree of compliance with our established policies and procedures. A
material weakness is a significant deficiency, or combination of significant
deficiencies, that results in there being a more than remote likelihood that a
material misstatement of the annual or interim financial statements will not be
prevented or detected.

Under the supervision and with the participation of our president, management
conducted an evaluation of the effectiveness of our internal control over
financial reporting, as of August 31, 2009, based on the framework set forth in
Internal Control-Integrated Framework issued by the Committee of Sponsoring
Organizations of the Treadway Commission (COSO). Based on our evaluation under
this framework, management concluded that our internal control over financial
reporting was not effective as of the evaluation date due to the factors stated
below.

Management assessed the effectiveness of the Company's internal control over
financial reporting as of evaluation date and identified the following material
weaknesses:

INSUFFICIENT RESOURCES: We have an inadequate number of personnel with requisite
expertise in the key functional areas of finance and accounting.

INADEQUATE SEGREGATION OF DUTIES: We have an inadequate number of personnel to
properly implement control procedures.

LACK OF AUDIT COMMITTEE & OUTSIDE DIRECTORS ON THE COMPANY'S BOARD OF DIRECTORS:
We do not have a functioning audit committee or outside directors on our board
of directors, resulting in ineffective oversight in the establishment and
monitoring of required internal controls and procedures.

Management is committed to improving its internal controls and will (1) continue
to use third party specialists to address shortfalls in staffing and to assist
the Company with accounting and finance responsibilities, (2) increase the
frequency of independent reconciliations of significant accounts which will
mitigate the lack of segregation of duties until there are sufficient personnel
and (3) may consider appointing outside directors and audit committee members in
the future.

Management, including our president, has discussed the material weakness noted
above with our independent registered public accounting firm. Due to the nature
of this material weakness, there is a more than remote likelihood that
misstatements which could be material to the annual or interim financial
statements could occur that would not be prevented or detected.

This annual report does not include an attestation report of our registered
public accounting firm regarding internal control over financial reporting.
Management's report was not subject to attestation by the our registered public
accounting firm pursuant to temporary rules of the SEC that permit us to provide
only management's report in this annual report.

CHANGES IN INTERNAL CONTROLS OVER FINANCIAL REPORTING

There have been no changes in our internal control over financial reporting that
occurred during the last fiscal quarter for our fiscal year ended August 31,
2009 that have materially affected, or are reasonably likely to materially
affect, our internal control over financial reporting.

PART III

ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CONTROL PERSONS

The name, age and title of our executive officer/director is as follows:

Name and Address of Executive
Officer and/or Director Age Position
----------------------- --- --------
Kris Ertz 51 President, Secretary, Treasurer
3960 W. Point Loma Blvd. and Director
Suite H-436
San Diego, CA 92110

Kris Ertz is the promoter of Bomps Mining, Inc., as that term is defined in the
rules and regulations promulgated under the Securities and Exchange Act of 1933.
Ms. Ertz has no formal training as a geologist or in the technical or managerial
aspects of management of a mineral exploration company. Her prior business
experiences have primarily been in project management, budgeting, and
procurement in telecommunications and not in the mineral exploration industry.
Accordingly, we will have to rely on the technical services of others to advise
us on the managerial aspects specifically associated with a mineral exploration
company. We do not have any employees who have professional training or
experience in the mining industry. We rely on independent geological consultants
to make recommendations to us on work programs on our property, to hire
appropriately skilled persons on a contract basis to complete work programs and
to supervise, review, and report on such programs to us.

TERM OF OFFICE

Our director is appointed to hold office until the next annual meeting of our
stockholders or until her successor is elected and qualified, or until she
resigns or is removed in accordance with the provisions of the Delaware Revised
Statutes. Our officer is appointed by our Board of Directors and holds office
until removed by the Board. The Board of Directors has no nominating, auditing
or compensation committees.

SIGNIFICANT EMPLOYEES

We have no significant employees other than our officer and/or director, Ms.
Kris Ertz. Ms. Ertz currently devotes approximately 5-6 hours per week to
company matters. After receiving funding per our business plan Ms. Ertz intends
to devote as much time as the Board of Directors deem necessary to manage the
affairs of the company.

Ms. Ertz has not been the subject of any order, judgment, or decree of any court
of competent jurisdiction, or any regulatory agency permanently or temporarily
enjoining, barring, suspending or otherwise limited her from acting as an
investment advisor, underwriter, broker or dealer in the securities industry, or
as an affiliated person, director or employee of an investment company, bank,
savings and loan association, or insurance company or from engaging in or
continuing any conduct or practice in connection with any such activity or in
connection with the purchase or sale of any securities.

Ms. Ertz has not been convicted in any criminal proceeding (excluding traffic
violations) nor is she subject of any currently pending criminal proceeding.

We conduct our business through agreements with consultants and arms-length
third parties. Currently, we have no formal consulting agreements in place. We
have a verbal arrangement with the consulting geologist currently conducting the
exploratory work on the Zag Property. We pay the consulting geologist the usual
and customary rates received by geologists performing similar consulting
services.

RESUME

Kris Ertz serves as Director, President, Secretary and Treasurer of Bomps
Mining, Inc. since July 16, 2008 (inception). From 2000 to current, Ms. Ertz
serves as a Program / Project Manager for QWEST Communications, a publicly
traded company. From 1999 to 2000 she served as a Logistics Manager for QWEST.
From 1998 - 1999 she served as a Project manager for USWEST (now QWEST). Ms.
Ertz has over 10 years in Management with emphasis on project managing within
budget and on time, budget administration, procurement, technology, and facility
deployment. She also has extensive experience in operational, facility, and
technical support. Ms Ertz holds a Project Management Associate Certificate from
Denver University and she has completed Prerequisite courses for a Business
degree at Scottsdale Community College in Scottsdale Arizona.

CODE OF ETHICS

Our board of directors adopted our code of ethical conduct that applies to all
of our employees and directors, including our principal executive officer,
principal financial officer, principal accounting officer or controller, and
persons performing similar functions.

We believe the adoption of our Code of Ethical Conduct is consistent with the
requirements of the Sarbanes-Oxley Act of 2002.

Our Code of Ethical Conduct is designed to deter wrongdoing and to promote:

* Honest and ethical conduct, including the ethical handling of actual
or apparent conflicts of interest between personal and professional
relationships;
* Full, fair, accurate, timely and understandable disclosure in reports
and documents that we file or submit to the Securities & Exchange
Commission and in other public communications made by us;
* Compliance with applicable governmental laws, rules and regulations;
* The prompt internal reporting to an appropriate person or persons
identified in the code of violations of our Code of Ethical Conduct;
and
* Accountability for adherence to the Code.

ITEM 11. EXECUTIVE COMPENSATION

MANAGEMENT COMPENSATION

Currently, Kris Ertz, our officer and director, receives no compensation for her
services during the exploration stage of our business operations. She is
reimbursed for any out-of-pocket expenses that she incurs on our behalf. In the
future, we may approve payment of salaries for officers and directors, but
currently no such plans have been approved. We do not have any employment
agreements in place with our sole officer and director. We also do not currently
have any benefits, such as health or life insurance, available to our employees.

SUMMARY COMPENSATION TABLE

Change in
Pension
Value and
Non-Equity Nonqualified
Incentive Deferred All
Name and Plan Compen- Other
Principal Stock Option Compen- sation Compen-
Position Year Salary Bonus Awards Awards sation Earnings sation Totals
------------ ---- ------ ----- ------ ------ ------ -------- ------ ------

Kris Ertz, 2009 0 0 0 0 0 0 0 0
President, 2008 0 0 0 0 0 0 0 0
CEO, CFO and
Director

OUTSTANDING EQUITY AWARDS AT FISCAL YEAR END

Option Awards Stock Awards
----------------------------------------------------------------- ----------------------------------------------
Equity
Incentive
Equity Plan
Incentive Awards:
Plan Market or
Awards: Payout
Equity Number of Value of
Incentive Number Unearned Unearned
Plan Awards; of Market Shares, Shares,
Number of Number of Number of Shares Value of Units or Units or
Securities Securities Securities or Units Shares or Other Other
Underlying Underlying Underlying of Stock Units of Rights Rights
Unexercised Unexercised Unexercised Option Option That Stock That That That
Options (#) Options (#) Unearned Exercise Expiration Have Not Have Not Have Not Have Not
Name Exercisable Unexercisable Options (#) Price Date Vested(#) Vested Vested Vested
---- ----------- ------------- ----------- ----- ---- --------- ------ ------ ------

Kris Ertz 0 0 0 0 0 0 0 0 0

DIRECTOR COMPENSATION

Change in
Pension
Value and
Fees Non-Equity Nonqualified
Earned Incentive Deferred
Paid in Stock Option Plan Compensation All Other
Name Cash Awards Awards Compensation Earnings Compensation Total
---- ---- ------ ------ ------------ -------- ------------ -----

Kris Ertz 0 0 0 0 0 0 0

There are no current employment agreements between the company and its
officer/director.

On July 16, 2008, a total of 3,000,000 shares of common stock were issued to
Kris Ertz in exchange for cash in the amount of $15,000 or $0.005 per share. The
terms of this stock issuance was as fair to the company, in the opinion of the
board of director, as if it could have been made with an unaffiliated third
party.

Ms. Ertz currently devotes approximately 5-6 hours per week to manage the
affairs of the company. She has agreed to work with no remuneration until such
time as the company receives sufficient revenues necessary to provide management
salaries. At this time, we cannot accurately estimate when sufficient revenues
will occur to implement this compensation, or what the amount of the
compensation will be.

There are no annuity, pension or retirement benefits proposed to be paid to the
officer or director or employees in the event of retirement at normal retirement
date pursuant to any presently existing plan provided or contributed to by the
company or any of its subsidiaries, if any.

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

The following table sets forth certain information concerning the number of
shares of our common stock owned beneficially as of August 31, 2008 by: (i) each
person (including any group) known to us to own more than five percent (5%) of
any class of our voting securities, (ii) our director, and or (iii) our officer.
Unless otherwise indicated, the stockholder listed possesses sole voting and
investment power with respect to the shares shown.

Amount and Nature Percentage
Name and Address of Beneficial of Common
Title of Class of Beneficial Owner Ownership Stock(1)
-------------- ------------------- --------- --------

Common Stock Kris Ertz, Director 3,000,000 75%
3960 W. Point Loma Blvd, Suite H-436 Direct
San Diego, CA 92110

Common Stock Officer and/or director as a Group 3,000,000 75%

HOLDERS OF MORE THAN 5% OF OUR COMMON STOCK

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(1) A beneficial owner of a security includes any person who, directly or
indirectly, through any contract, arrangement, understanding, relationship,
or otherwise has or shares: (i) voting power, which includes the power to
vote, or to direct the voting of shares; and (ii) investment power, which
includes the power to dispose or direct the disposition of shares. Certain
shares may be deemed to be beneficially owned by more than one person (if,
for example, persons share the power to vote or the power to dispose of the
shares). In addition, shares are deemed to be beneficially owned by a
person if the person has the right to acquire the shares (for example, upon
exercise of an option) within 60 days of the date as of which the
information is provided. In computing the percentage ownership of any
person, the amount of shares outstanding is deemed to include the amount of
shares beneficially owned by such person (and only such person) by reason
of these acquisition rights. As a result, the percentage of outstanding
shares of any person as shown in this table does not necessarily reflect
the person's actual ownership or voting power with respect to the number of
shares of common stock actually outstanding as of the date of this report.
As of the date of this report there were 4,000,000 shares of our common
stock issued and outstanding.

FUTURE SALES BY OUR OFFICER AND DIRECTOR

A total of 3,000,000 shares have been issued to our officer and director, all of
which are restricted securities, as that term is defined in Rule 144 of the
Rules and Regulations of the SEC promulgated under the Act. Under Rule 144, such
shares can be publicly sold, subject to volume restrictions and certain
restrictions on the manner of sale, commencing six months after their
acquisition. Any sale of shares held by the existing stockholder (after
applicable restrictions expire) and/or the sale of shares purchased in our
recent offering, may have a depressive effect on the price of our common stock
in any market that may develop, of which there can be no assurance.

Our principal shareholder does not have any plans to sell her shares at any time
after this offering is complete.

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

Kris Ertz is our sole officer/director. We are currently operating out of the
premises of Ms. Ertz on a rent-free basis for administrative purposes. There is
no written agreement or other material terms or arrangements relating to said
arrangement.

On July 16, 2008, the Company issued a total of 3,000,000 shares of common stock
to Kris Ertz for cash at $0.005 per share for a total of $15,000.

We do not currently have any conflicts of interest by or among our current
officer, director, key employee or advisors. We have not yet formulated a policy
for handling conflicts of interest; however, we intend to do so upon completion
of this offering and, in any event, prior to hiring any additional employees.

ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES

For the year ended August 31, 2009, the total fees charged to the company for
audit services, including quarterly reviews were $7,100, for audit-related
services were $Nil, for tax services were $Nil and for other services were $Nil.

For the year ended August 31, 2008, there were no fees charged to the company
for audit services, audit-related services, tax services or other services.

PART IV

ITEM 15. EXHIBITS

Exhibit No. Description
----------- -----------

3.1 Articles of Incorporation*
3.2 Bylaws*
31.1 Sec. 302 Certification of Principal Executive Officer
31.2 Sec. 302 Certification of Principal Financial Officer
32.1 Sec. 906 Certification of Principal Executive Officer
32.2 Sec. 906 Certification of Principal Financial Officer

----------
* Exhibit is incorporated by reference and can be found in its entirety in
our Registration Statement on Form S-1 (SEC File Number 333-156383) on the
website at www.sec.gov

SIGNATURES

Pursuant to the requirements of Section 13(a) or 15(d) of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on
its behalf in Scottsdale, AZ, by the undersigned, thereunto duly authorized.

November 25, 2009 Registrant: Bomps Mining, Inc.

By: /s/ Kris Ertz
----------------------------------------------------
Kris Ertz, Director, President, Secretary, Treasurer
and Chief Financial Officer (Principal Executive
Officer and Principal Accounting Officer)

Attached files

Bomps Mining, Inc. Reports

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