Statement of Cash Flows (USD $)	9 Months Ended		65 Months Ended
Statement of Cash Flows (USD $)	Aug. 31, 2011	Aug. 31, 2010	Aug. 31, 2011
Operating Activities
Net loss for the period	$ (497,999)	$ (326,861)	$ (1,568,067)
Adjustment for items not affecting cash:
Depreciation	0	253	1,516
Finance charges on convertible notes	0	76,863	137,500
Foreign exchange	0	438	11,369
Recovery of mineral property	0	(8,494)	(18,377)
Accrued interest expense	12,380	12,756	50,665
Write-off of mineral property costs	0	3,000	9,000
Dividend income	(115,909)	0	(115,909)
Loss on settlement of debt	9,509	0	9,509
Unrealized gain on marketable securities	(4,370)	0	(4,370)
Stock-based compensation	355,000	0	355,000
Changes in non-cash operating working capital items:
Accounts payable and accrued liabilities	71,213	94,012	388,006
Amounts due to related parties	24,511	18,000	73,511
Amount receivable	(5,797)	0	(5,797)
Prepaid expenses	(551)	(6,000)	(551)
Net Cash Provided by (Used in) Operating Activities	(152,013)	(136,033)	(676,995)
Investing Activities
Advances	0	0	(10,367)
Mineral property acquisition costs	0	(68,125)	(84,075)
Recovery of mineral property costs	41,075	58,544	158,152
Purchase of computer equipment	0	0	(1,516)
Net Cash Provided by (Used in) Investing Activities	41,075	(9,581)	62,194
Financing Activities
Issuance of convertible notes	0	0	137,500
Issuance of common stock	0	70,000	278,981
Finder's fees	0	(5,042)	(5,042)
Units and share subscriptions received in advance	0	22,465	43,825
Advance on promissory note payable	113,846	75,000	188,846
Repayment of promissory note	(14,611)	(4,828)	(67,969)
Promissory note payable to related party	12,000	0	39,000
Repayment of promissory notes payable to related parties	0	0	(7,000)
Advance on loan payable	0	0	5,390
Advance on amount due to shareholder	0	0	1,920
Net Cash Provided by (Used in) Financing Activities	111,235	157,595	615,451
Increase In Cash	297	11,981	650
Cash, Beginning Of Period	353	3,711	0
Cash, End Of Period	650	15,692	650
Supplemental Disclosure Of Cash Flow Information
Interest	0	0	400
Income taxes	0	0	0
Non-Cash Financing And Investing Activities
Shares received from Solfotara Minerals Corp.	0	0	10,367
Shares issued for mineral property acquisition costs	0	6,400	379,900
Promissory note payable for mineral property acquisition costs	0	0	56,600
Shares issued on conversion of convertible note	0	10,000	137,500
Shares issued from funds received in advance	26,360	0	26,360
Marketable securities transferred for debt settlement	$ 110,770	$ 0	$ 110,770

PENGRAM CORP 10-Q