Note 2. Going Concern
The Companys financial statements are
prepared using generally accepted accounting principles in the United States of America applicable to a going concern which contemplates
the realization of assets and liquidation of liabilities in the normal course of business. The Company has incurred a net operating
loss of $1,530,475 through September 30, 2012. The Company has not commenced its operations, rather, still in the exploration stages,
raising substantial doubt about the Companys ability to continue as a going concern.
In order to continue as a going concern, the
Company will need, among other things, additional capital resources. Managements plan is to obtain such resources for the
Company by obtaining capital from management and significant shareholders sufficient to meet its minimal operating expenses and
seeking equity and/or debt financing. However management cannot provide any assurances that the Company will be successful in
accomplishing any of its plans.
The ability of the Company to continue as a
going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually
secure other sources of financing and attain profitable operations. The accompanying financial statements do not include any adjustments
that might be necessary if the Company is unable to continue as a going concern.