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

FORM 10-Q

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2013

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE EXCHANGE ACT

For the transition period from _________to________

Commission File No. 000-25515

MAVERICK MINERALS CORPORATION
(Exact name of registrant as specified in its charter)

Nevada	88-0410480
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

Suite 700 – 220 Bay Street, Toronto, Ontario M5J 2W4
(Address of principal executive offices) (zip code)

647-728-4134
(Registrant’s telephone number, including area code)

Not Applicable
(Former name, former address and former fiscal year, if changed since last report)

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 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 (§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 [X] No [ ]

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 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	[ ]	(Do not check if a smaller reporting company)	Smaller reporting company	[X]

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

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
PROCEEDINGS DURING THE PRECEDING FIVE YEARS

Check whether the registrant filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Exchange Act after distribution of securities under a plan confirmed by a court.
Yes [ ] No [ ]

APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer’s classes of common equity as of the latest practicable date: As of August 14, 2013, there were 16,041,674 shares of common stock, par value $0.001, outstanding.

TABLE OF CONTENTS

PART I - FINANCIAL INFORMATION	1
ITEM 1. FINANCIAL STATEMENTS.	1
ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.	2
ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.	8
ITEM 4. CONTROLS AND PROCEDURES	8
PART II - OTHER INFORMATION	9
ITEM 1. LEGAL PROCEEDINGS	9
ITEM 1A. RISK FACTORS	9
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS	14
ITEM 3. DEFAULTS UPON SENIOR SECURITIES	14
ITEM 4. MINE SAFETY DISCLOSURES	14
ITEM 5. OTHER INFORMATION	14
SIGNATURES	17

iii

PART I - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS.

Condensed Consolidated Interim Financial Statements

Maverick Minerals Corporation
(An Exploration Stage Company)

June 30, 2013

(Expressed in United States dollars)

The accompanying notes are an integral part of these financial statements

Maverick Minerals Corporation

(An Exploration Stage Company)

Condensed Consolidated Interim Balance Sheets

(Unaudited)

		(Expressed in United States Dollars)
		June 30,			December 31
		2013			2012


Current Assets
Cash	$	138		$	17,553

Long Term asset
Mineral properties (Note 3)		25,000			25,000
TOTAL ASSETS	$	25,138		$	42,553



Current Liabilities
Accounts payable and accrued liabilities (Note 6)	$	318,959		$	170,583
Convertible debt (Notes 5 and 6)		132,566			124,789
Loans payable (Note 4)		101,500			127,500
TOTAL LIABILITIES		553,025			422,872


Capital Deficit
Capital Stock (Note 7)
Authorized:
750,000,000 common shares at $0.001 par value Issued and fully paid 16,041,674 (2012 - 16,041,674) common shares Par value		16,042			16,042
100,000,000 preferred shares at $0.001 par value Issued and fully paid Nil (2012 - Nil) preferred shares Par value		-			-
Additional paid-in capital		14,346,291			14,346,291
Deficit, accumulated during the exploration stage		(14,891,093	)		(14,743,525	)
Accumulated other comprehensive income		873			873
TOTALSTOCKHOLDERS EQUITY (CAPITAL DEFICIT)		(527,887	)		(380,319	)
TOTAL LIABILITIES AND CAPITAL DEFICIT	$	25,138		$	42,553

The accompanying notes are an integral part of these financial statements

Maverick Minerals Corporation

(An Exploration Stage Company)

Condensed Consolidated Interim Statements of Operations and Comprehensive Loss

(Unaudited)

								(Expressed in United States Dollars)

														Cumulative From
														Date of Inception
		Three months ended						Six months ended						(April 21, 2003)
		June 30,						June 30,						to June 30,
		2013			2012			2013			2012			2013
Revenues
Consulting fees	$	-		$	-		$	25,000		$	-		$	25,000

General and administration expenses
Audit fees		11,459						64,934			1,833			639,773
Freight		-			-			-			-			7,600
Insurance		-			-			-			-			186,297
Accounting, legal, engineering & consulting, investor relations		5,649			19,938			10,608			24,938			585,038
Management fees and stock based compensation (Note 6)		45,000			45,000			90,000			90,000			3,204,839
Office		1,497			106			2,252			266			80,615
Rent		-			-			1,670			-			3,942
Telephone and utilities		-			-			-			-			83,059
Transfer agent fees		2,524			3,090			5,897			3,090			60,645
Travel		157			3,148			2,064			9,269			318,694
Wages and benefits		-			-			-			-			86,588
Writedown on oil and gas leases		-			-			-			-			3,748,664
Gain on disposal of assets		-			-			-			-			(795,231	)
Loss from operations		(66,286	)		(71,282	)		(152,425	)		(129,396	)		(8,185,523	)
Other income (expenses)
Interest expense		(2,592	)		(48,285	)		(7,777	)		(96,135	)		(447,959	)
Gain (loss) on settlement of loans payable (Note 4)		-			-			17,500			-			(3,441,190	)
Financing expense		-			-			-			-			(2,269,106	)
Change in fair value of derivative liability		-			-			-			-			1,974
Gain (Loss) on foreign exchange		(2,950	)		2,967			(4,866	)		5,098			(17,820	)
Gain on write-off of payables		-			32,853			-			32,853			618,231
		(5,542	)		(12,465	)		4,857			(58,184	)		(5,555,870	)
Net loss from continuing operations		(71,828	)		(83,747	)		(147,568	)		(187,580	)		(13,741,393	)

Loss from discontinued operations		-			-			-			-			(1,149,700	)
Net loss for the period		(71,828	)		(83,747	)		(147,568	)		(187,580	)		(14,891,093	)
Other Comprehensive Income
Foreign currency translation adjustments		-			-			-			-			873
Total Comprehensive Loss	$	(71,828	)	$	(83,747	)	$	(147,568	)	$	(187,580	)	$	(14,890,220	)

Loss per share - basic and diluted		($0.00	)		($0.01	)		($0.01	)		($0.02	)
Weighted average shares outstanding - basic and diluted		16,041,674			12,152,617			16,041,674			12,152,617

The accompanying notes are an integral part of these financial statements

Maverick Minerals Corporation

(An Exploration Stage Company)

Condensed Consolidated Interim Statements of Cash Flows

(Unaudited)

					(Expressed in United States Dollars)

								Cumulative From
								Date of Inception
		Six months ended						(April 21, 2003)
		June 30,						to June 30,
		2013			2012			2013
Operating Activities
Net loss for the period	$	(147,568	)	$	(187,580	)	$	(14,891,093	)
Adjustments to reconcile Loss for the year to cash flows used in operating activities
Impairment of investment in oil and gas leases		-			-			4,168,623
Gain on disposal of assets		-			-			(933,995	)
Gain on liabilities write-off		-			(32,853	)		(618,231	)
Stock based compensation								1,925,380
Depreciation		-			-			277,578
Shares issued for services		-			-			105,000
Interest accrued on convertible debt		7,777			3,989			34,420
Unrealized foreign exchange		-			(1,133	)		692
Gain (loss) on settlement of loan payable		(17,500	)		-			3,441,190
Financing expense		-			-			2,269,106
Change in fair value of derivative liability		-			-			(1,974	)
Changes in non-cash working capital items
Accounts receivable		-			-			-
Advances to related party		-			43,826			-
Accrued interest		-			92,146			352,554
Accounts payable		148,376			(49,945	)		1,890,758
Cash used in operating activities		(8,915	)		(131,550	)		(1,979,992	)

Investing Activities
Investment in oil and gas leases		-			-			(2,428,296	)
Proceeds from the sale of working interests		-			-			650,000
Prepaids and deposits on oil and gas leases		-			-			(2,000,565	)
Proceeds from sale of property and equipment		-			-			57,738
Purchase of property and equipment		-			-			(311,367	)
Refund on oil and gas leases		-			-			75,000
Cash used in investing activities		-			-			(3,957,490	)

Financing Activities
Proceeds on shares to be issued		-			-			303,850
Debt settlement		-			-			35,625
Repayments of loans payable		(8,500	)		-			(78,500	)
Proceeds from loans payable		-			154,840			5,675,772
Cash (used in) provided by financing activities		(8,500	)		154,840			5,936,747

(Decrease)/increase in cash during the period		(17,415	)		23,290			(735	)
Effect of cumulative currency translation		-			-			873
Cash, beginning of the period		17,553			87			-
Cash, end of the period	$	138		$	23,377		$	138

The accompanying notes are an integral part of these financial statements

Maverick Minerals Corporation

(An Exploration Stage Company)

Condensed Consolidated Interim Statements of Cash Flows

(Unaudited)

				(Expressed in United States Dollars)

						Cumulative From
						Date of Inception
		Six months ended				(April 21, 2003)
		June 30,				to June 30,
		2013		2012		2013

Supplemental Cash Flow information:
Interest paid	$	-	$	-	$	35,000
Income taxes paid		-		-		-
Non-cash investing and financing activities:
Impairment in oil and gas leases		-		-		419,959
Investment in oil and gas leases in exchange for notes payable to Veneto		-		-		1,455,000
Shares issued for acquisition of mineral property interest		-		-		25,000
Transfer of leases in settlement of notes payable		-		-		1,455,000
Assignment of accounts payable from transfer of leases		-		-		193,764
Settlement of loan payable		-		-		1,481,469
Forgiveness of related party balances payable		-		-		1,027,791
Forgiveness of loan payable		-		-		311,400
Shares issued for property services		-		-		210,000
Exchange of accounts payable for convertible debt		-		-		100,000
Shares issued for data purchase		-		-		367,500
Shares issued on conversion of debt		-		-		818,451
Financing fee contributed by a principal stockholder		-		-		1,790,000
Shares issued for settlement of loans payable		-		-		3,744,091

The accompanying notes are an integral part of these financial statements

Maverick Minerals Corporation

(An Exploration Stage Company)

Statement of Changes in Stockholders' Equity (Capital Deficit)

For the Period from Date of Inception on April 21, 2003 to June 30, 2013

	(Expressed in United States Dollars)

				Par Value						Shares to be Issued					Accumulated Other
	Number of			@$0.001 Per			Additional Paid-in			(Subscriptions		Accumulated			Comprehensive		Total Capital
	Common Shares			Share			Capital			Receivable)		Deficit			Loss		Deficit
Balance, April 21, 2003	10		$	-		$	-		$	-	$	-		$	-	$	-
Adjustment for the issuance of common stock on recapitalization	3,758,040			3,758			(3,758	)		-		-			-		-
	3,758,050			3,758			(3,758	)		-		-			-		-
Adjustment to capital deficit of the Company at the recapitalization date	417,603			418			(945,307	)		-		-			-		(944,889	)
	4,175,653			4,176			(949,065	)		-		-			-		(944,889	)
Shares issued for management services (Note 7)	150,000			150			104,850			-		-			-		105,000
Currency translation adjustment	-			-			-			-		-			873		873
Net loss for the period	-			-			-			-		(626,985	)		-		(626,985	)
Balance, December 31, 2003	4,325,653			4,326			(844,215	)		-		(626,985	)		873		(1,466,001	)
Shares issued for cash (Note 7)	1,000,000			1,000			24,000			-		-			-		25,000
Shares subscribed but unissued	-			27,500			-			-		-			-		27,500
Forgiveness of related party balances payable	-			-			1,027,791			-		-			-		1,027,791
Net income for the year	-			-			-			-		71,698			-		71,698
Balance, December 31, 2004	5,325,653			32,826			207,576			-		(555,287	)		873		(314,012	)
Shares subscribed but unissued	-			(27,500	)		-			-		-			-		(27,500	)
Shares issued for cash (Note 7)	2,750,000			2,750			24,750			-		-			-		27,500
Cancellation of shares (Note 7)	(5,437,932	)		(5,438	)		5,438			-		-			-		-
Compensation expense on share cancellation (Note 7)	-			-			44,720			-		-			-		44,720
Shares issued for loan payable settlement (Note 7)	89,500			90			125,210			-		-			-		125,300
Shares issued for cash (Note 7)	7,500			7			743			-		-			-		750
Stock based compensation	-			-			140,438			-		-			-		140,438
Net loss for the year	-			-			-			-		(1,036,098	)		-		(1,036,098	)
Balance, December 31, 2005	2,734,721			2,735			548,875			-		(1,591,385	)		873		(1,038,902	)

The accompanying notes are an integral part of these financial statements

Maverick Minerals Corporation

(An Exploration Stage Company)

Statement of Changes in Stockholders' Equity (Capital Deficit)

For the Period from Date of Inception on April 21, 2003 to June 30, 2013

	(Expressed in United States Dollars)

		Par Value		Shares to be Issued				Accumulated Other
	Number of	@$0.001 Per	Additional Paid-in	(Subscriptions		Accumulated		Comprehensive	Total Capital
	Common Shares	Share	Capital	Receivable)		Deficit		Loss	Deficit
Balance, December 31, 2005	2,734,721	2,735	548,875	-		(1,591,385	)	873	(1,038,902	)
Shares issued for cash (Note 7)	6,000	6	594	(600	)	-		-	-
Stock based compensation	-	-	11,401	-		-		-	11,401
Net loss for the year	-	-	-	-		(128,774	)	-	(128,774	)
Balance, December 31, 2006	2,740,721	2,741	560,870	(600	)	(1,720,159	)	873	(1,156,275	)
Net loss for the year	-	-	-	-		(192,410	)	-	(192,410	)
Balance, December 31, 2007	2,740,721	2,741	560,870	(600	)	(1,912,569	)	873	(1,348,685	)
Share subscriptions paid (Note 7)	-	-	-	600		-		-	600
Net income for the year	-	-	-	-		109,951		-	109,951
Balance, December 31, 2008	2,740,721	2,741	560,870	-		(1,802,618	)	873	(1,238,134	)
Cancellation of shares (Note 7)	-2,000,000	-2,000	2,000	-		-		-	-
Shares issued for loan payable settlement (Note 7)	8,950,000	8,950	3,571,050	-		-		-	3,580,000
Shares issued for loan payable settlement (Note 7)	436,000	436	217,564	-		-		-	218,000
Shares issued for consulting services (Note 7)	350,000	350	209,650	-		-		-	210,000
Stock based compensation	-	-	43,321	-		-		-	43,321
Net loss for the year	-	-	-	-		(3,433,469	)	-	(3,433,469	)
Balance, December 31, 2009	10,476,721	10,477	4,604,455	-		(5,236,087	)	873	(620,282	)
Shares issued upon conversion of debt (Note 7)	49,925	50	37,363	-		-		-	37,413
Shares issued for loan payable settlement (Note 7)	725,971	726	1,015,633	-		-		-	1,016,359
Shares issued for data purchase (Note 7)	350,000	350	367,150	-		-		-	367,500
Stock based compensation	-	-	1,592,250	-		-		-	1,592,250
Shares to be issued (Note 7)	-	-	-	250,000		-		-	250,000
Net loss for the year	-	-	-	-		(5,300,187	)	-	(5,300,187	)
Balance, December 31, 2010	11,602,617	11,603	7,616,851	250,000		(10,536,274	)	873	(2,656,947	)

The accompanying notes are an integral part of these financial statements

Maverick Minerals Corporation

(An Exploration Stage Company)

Statement of Changes in Stockholders' Equity (Capital Deficit)

For the Period from Date of Inception on April 21, 2003 to June 30, 2013

	(Expressed in United States Dollars)

			Par Value				Shares to be Issued						Accumulated Other
	Number of		@$0.001 Per		Additional Paid-in		(Subscriptions			Accumulated			Comprehensive		Total Capital
	Common Shares		Share		Capital		Receivable)			Deficit			Loss		Deficit
Balance, December 31, 2010	11,602,617		11,603		7,616,851		250,000			(10,536,274	)		873		(2,656,947	)
Shares issued for cash (Note 7)	500,000		500		249,500		(250,000	)		-			-		-
Shares issued for loan payable settlement (Note 7)	50,000		50		50,450		-			-			-		50,500
Stock based compensation	-		-		93,250		-			-			-		93,250
Net loss for period	-		-		-		-			(1,509,589	)		-		(1,509,589	)
Balance, December 31, 2011	12,152,617	$	12,153	$	8,010,051	$	-		$	(12,045,863	)	$	873	$	(4,022,786	)
Shares issued for acquisition of mineral property interest (Note 3)	100,000		100		24,900		-			-			-		25,000
Shares issued for settlment of loans payable (Note 7)	750,000		750		3,743,341		-			-			-		3,744,091
Financing fee contributed	-		-		1,790,000		-			-			-		1,790,000
Shares issued upon conversion of debt (Note 7)	3,039,057		3,039		777,999		-			-			-		781,038
Net loss for period	-		-		-		-			(2,697,662	)		-		(2,697,662	)
Balance, December 31, 2012	16,041,674	$	16,042	$	14,346,291	$	-		$	(14,743,525	)	$	873	$	(380,319	)
Net loss for period	-		-		-		-			(147,568	)		-		(147,568	)
Balance, June 30, 2013	16,041,674	$	16,042	$	14,346,291	$	-		$	(14,891,093	)	$	873	$	(527,887	)

The accompanying notes are an integral part of these financial statements

Maverick Minerals Corporation

(An Exploration Stage Company)

Notes to Condensed Consolidated Interim Financial Statements

June 30, 2013

Unaudited

(Expressed in United States Dollars)

Note 1

NATURE OF OPERATIONS AND ABILITY TO CONTINUE AS A GOING CONCERN

Maverick Minerals Corporation (“the Company”) was incorporated on August 27, 1998 under the Company Act of the State of Nevada, U.S.A. The Company is in the business of holding and developing mineral and resource properties. The Company is an exploration stage company that has not yet generated or realized any revenues from its principal business operations.

On April 21, 2003 the Company closed a transaction, as set out in the Purchase Agreement (the “Agreement) with UCO Energy Corporation (“UCO”) to purchase the outstanding equity of UCO. To facilitate the transaction, the Company consolidated its share capital at a ratio of one for five. Subsequent to the share consolidation, the Company issued 3,758,040 common shares in exchange for all the issued and outstanding common shares of UCO. As a result of the transaction, the former shareholders of UCO held approximately 90% of the issued and outstanding common shares of the Company. The acquisition of UCO was recorded as a reverse acquisition for accounting purposes as a recapitalization of UCO. A net distribution of $944,889 was recorded in connection with the common stock of the Company for the acquisition of UCO in respect of the Company’s net liabilities at the acquisition date. The Company had minimal assets and had liabilities owing to suppliers as well as amounts owing under agreements with third parties as well as related parties and as there were no other business interests, the Company was acting as a public shell company. The financial statements are now presented as a continuation of UCO. UCO was in the business of pursuing opportunities in the coal mining industry. The Company has since disposed of its coal mining interests and has since engaged in the acquisition, exploration, and development of prospective oil and gas properties and mineral resource properties.

These accompanying unaudited condensed consolidated interim financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America applicable to a going concern, which contemplates the realization of assets and the satisfaction of liabilities and commitments in the normal course of business. As at June 30, 2013, the Company has negative working capital of $552,887 and has an accumulated deficit of $14,891,093. The continuation of the Company is dependent upon obtaining a successful exploration project, the continuing support of creditors and stockholders as well as achieving and maintaining a profitable level of operations. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. Management anticipates that it requires approximately $400,000 to cover general and administrative expenses over the twelve months ending June 30, 2014 to continue operations. In addition to funding the Company’s general, administrative and corporate expenses the Company is obligated to address its current obligations totaling $553,025. The Company plans to raise necessary cash through equity issuances and/or debt financing. Amounts raised will be used to pursue explorations activities, and for other working capital purposes.

Management cannot provide any assurances that the Company will be successful in any of its plans. Although there are no assurances that management's plans will be realized, management believes that the Company will be able to continue operations in the future. The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets or the amounts of and classification of liabilities that might be necessary in the event the Company cannot continue in existence.

Maverick Minerals Corporation

(An Exploration Stage Company)

Notes to Condensed Consolidated Interim Financial Statements

June 30, 2013

Unaudited

(Expressed in United States Dollars)

Note 2

BASIS OF PRESENTATION

The accompanying unaudited condensed consolidated interim financial statements have been prepared by management, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. Accordingly, certain information and footnote disclosures normally included in the annual financial statements in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations. In the opinion of management, the disclosures are adequate to make the information presented not misleading.

These statements reflect all adjustments, consisting of normal recurring adjustments, which in the opinion of management are necessary for fair presentation of the information contained herein. These interim condensed financial statements should be read in conjunction with the audited financial statements included in its annual report on Form 10-K for the year ended December 31, 2012. The Company follows the same accounting policies in the preparation of interim reports.

Operating results for the six months ended June 30, 2013 are not necessarily indicative of the results that may be expected for the year ended December 31, 2013.

New Accounting Standards Adopted

Revenue Recognition

The Company recognizes revenue in accordance with Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification (“ASC”) 605 Revenue Recognition. Accordingly, revenue is recognized when persuasive evidence of an arrangement exists, services have been performed, the fee is fixed or determinable and collectability is reasonably assured. Cash received in advance of meeting the revenue recognition criteria is recorded as deferred revenue.

The Company’s revenue is generated from consulting fees provided with respect to contract placement and mine development. Revenues are recognized as invoices are rendered based on services performed.

Allowance for doubtful accounts

Credit terms are extended to customers in the normal course of business and no collateral is required. The Company establishes an allowance for doubtful accounts through review of open accounts, considering the existing economic conditions and financial stability of its customers. The allowance for doubtful accounts is intended to reduce trade accounts receivable to the amount that reasonably approximates their fair value due to their short-term nature. Accounts receivable are written off when deemed uncollectible. Recoveries of accounts receivable previously written off are recorded when received.

Maverick Minerals Corporation

(An Exploration Stage Company)

Notes to Condensed Consolidated Interim Financial Statements

June 30, 2013

Unaudited

(Expressed in United States Dollars)

Note 3

MINERAL PROPERTY

		June 30, 2013		December 31, 2012
Jarvis Island Property
Acquisition costs, common shares	$	25,000	$	-
Mineral property interests	$	25,000	$	-

Jarvis Island Property, Ontario, Canada

The Company entered into an Option and Joint Venture Exploration Agreement dated June 8, 2012, with Energold Minerals Inc. (“Energold”), a Canadian company, under which the Company may earn up to an undivided 51% interest in the Jarvis Island Property, comprising a group of mining claims situated in the Thunder Bay District of Ontario, Canada (the “Property”) and thereafter establish a joint venture with Energold for the joint exploration, development and production of minerals from the Property.

To exercise the first option and earn a 30% undivided interest in the Property, the Company must (i) issue to Energold 100,000 shares on or before June 29, 2012 (issued at a value of $25,000); (ii) issue to Energold an additional 100,000 shares on or before September 15, 2013; and (iii) incur a total of $200,000 in exploration expenditures on the Jarvis Property on or before September 15, 2014.

To exercise the second option and earn an additional 21% undivided interest in the Property, the Company must exercise the first option and issue a further 200,000 common shares on or before September 15, 2015 and incur an additional $200,000 in exploration expenditures on the Property on or before June 8, 2017.

If the Company exercises the first option the parties agreed to participate in a joint venture (the “Joint Venture”) for the purpose of further exploration and development of Jarvis Property where the right to participate and the obligation to fund the Joint Venture will be apportioned 70% to Energold and 30% to Maverick and if Maverick exercises the second option the Joint Venture will be apportioned 51% to Maverick and 49% to Energold.

During the period that both options are outstanding and after the formation of the Joint Venture, the Company will act as operator of the Jarvis Property in consideration of certain management fees in an amount up to 10% on general exploration expenditures and other fees in an amount up to 5% on drilling or other major contract costs as further set out in the Agreement. Decisions regarding exploration and development of the Jarvis Property are determined by a committee.

If the Company has acquired a 51% undivided interest in the Jarvis Property as per the Agreement and a feasibility study is completed which demonstrates that the Jarvis Property may be profitably brought into production, then the Company has the right to elect to commit the necessary financing to place the Jarvis Property into production and thereby earn a 70% interest in the newly initiated mining project.

Maverick Minerals Corporation

(An Exploration Stage Company)

Notes to Condensed Consolidated Interim Financial Statements

June 30, 2013

Unaudited

(Expressed in United States Dollars)

Note 4

LOANS PAYABLE

The Company has the following loans payable:
		June 30, 2013		December 31, 2012
Mr. Alonzo B. Leavell	$	20,000	$	20,000
Ms. Nancy A. Vevoda		-		25,000
Bear Lair LLC		81,500		82,500
	$	101,500	$	127,500

These amounts are unsecured; bear no interest, with no specific terms of repayment.

During the six months ended June 30, 2013, the Company entered into a debt settlement agreement (the “Agreement”) with Ms. Nancy A. Vevoda and Bear Lair LLC (the “Creditors”) pursuant to which the Company agreed to pay $26,875 in full and final settlement of loans outstanding to the Creditors in the amount of $107,500.

The Company made an initial payment of $7,500 upon execution of the Agreement, which represented full settlement of the loan outstanding to Nancy A. Vevoda of $25,000, resulting in a gain on settlement of loans payable of $17,500.

The Company was required to make an additional payment of $19,375 on or before June 8, 2013 to settle the amount outstanding to Bear Lair LLC in the amount of $82,500. During the six months ended June 30, 2013, the Company made a payment of $1,000 against the amount outstanding to Bear Lair LLC and the remaining payment due of $18,375 was paid subsequent to June 30, 2013 in full and final settlement of the amount outstanding to Bear Lair LLC.

Note 5

CONVERTIBLE DEBT

On November 26, 2009, the Company issued a convertible note in the amount of $100,000 to a related party to settle an outstanding payable of $100,000. This convertible note is due on demand, and bears interest at 8% per annum. The debt, along with accrued interest of $32,566 at June 30, 2013, is convertible into common shares at a conversion rate of $0.30 per share.

Note 6

RELATED PARTY TRANSACTIONS

Effective September 23, 2010, the Company entered into two consulting agreements, one with the President, CEO and CFO (the “President”) and one with the Secretary and Treasurer (the “Secretary”). As consideration for the performance of consulting services under the agreement, the Company agreed to pay the President $10,000 per month and the Secretary $5,000 per month, respectively. Under the agreement the President and the Secretary were also granted stock options to acquire 700,000 and 400,000 shares of common stock, respectively, at an exercise price of $1.05 per share until August 20, 2015 in accordance with the terms of the Company’s 2009 Stock Option Plan. The agreement is for a term of three years. Notwithstanding the three year term, the agreement may be terminated at any time by the Company without notice in the event the President breaches the terms of this agreement.

Management fees of $45,000 and $90,000 were charged to expense in these financial statements for the three and six months ended June 30, 2013 (2012 - $45,000 and $90,000) respectively. Included in accounts payable and accrued liabilities at June 30, 2013 is $224,540 (December 31, 2012 -$129,971) owing to officers of the Company for accrued and unpaid management fees and for expenses incurred on behalf of the Company.

Maverick Minerals Corporation

(An Exploration Stage Company)

Notes to Condensed Consolidated Interim Financial Statements

June 30, 2013

Unaudited

(Expressed in United States Dollars)

Note 6

RELATED PARTY TRANSACTIONS – Continued

During the three and six months ended June 30, 2013, the Company incurred $2,592 and $7,777, respectively in interest charges on loans payable to a director of the Company. During the three and six months ended June 30, 2012 the Company incurred $48,285 and $96,135, respectively in interest charges on loans payable to companies controlled by a significant shareholder of the Company and to a director of the Company. Of these amounts $32,566 (December 31, 2012 -$24,789) was payable as at June 30, 2013.

Note 7

SHARE CAPITAL

As explained in Note 1, on April 21, 2003 the Company issued 3,758,040 common shares in exchange for all the issued and outstanding common shares of UCO.

In July 2003, the Company issued 150,000 common shares to the Company’s CEO in exchange for management services. The transaction was recorded at the quoted market price of $0.70 per common share and resulted in compensation expense of $105,000. No consideration was received by the Company in the exchange of shares for management services.

In June 2004, the Company issued 1,000,000 common shares at a price of $0.025 for proceeds of $25,000.

During the year ended December 31, 2004, an agreement was reached between the Company, UCO and its creditors releasing the Company and UCO from any further obligations in relation to amounts owing.

As a result, $1,027,791 of payables and liabilities that were owing to related parties was forgiven and recorded against additional paid-in capital. The remaining balance owing to unrelated creditors was recorded as a gain.

In January 2005, the Company issued 2,750,000 common shares at a price of $0.01 for proceeds of $27,500.

In June 2005, the Company cancelled 5,437,932 common shares, under an agreement with certain stockholders, which included the former stockholders of UCO, and two other stockholders including the CEO of the Company. The former stockholders of UCO surrendered the majority of the shares which was approximately 95% of the total common shares that they held at the time.

As a result of the share cancellation, one single common stockholder emerged as the majority stockholder with approximately 76% of the total issued and outstanding common shares. In addition, the CEO’s percentage common share holding increased and resulted in compensation expense of $44,720.

In July 2005, the Company issued 89,500 common shares at a price of $0.60 to settle an amount owing with respect to a loan payable. The transaction was recorded at the quoted market price of $1.40 and resulted in a loss on settlement of loan payable of $71,600.

In September 2005, the Company issued 7,500 common shares at a price of $0.10 for cash proceeds of $750 in relation to the exercise of stock options.

In April 2006, the Company issued 6,000 common shares at a price of $0.10 for $600 in relation to the exercise of stock options.

Maverick Minerals Corporation

(An Exploration Stage Company)

Notes to Condensed Consolidated Interim Financial Statements

June 30, 2013

Unaudited

(Expressed in United States Dollars)

Note 7

SHARE CAPITAL – continued

In 2007 and 2008 there were no share capital transactions.

On February 2, 2009 a major shareholder returned to treasury 2,000,000 common shares of the Company for nil consideration in contemplation of further share issuances (as described below).

	(a)	The Company entered into a loan agreement with Senergy Partners LLC (“Senergy”) on February 13, 2009, pursuant to which the Company established an unsecured revolving loan of up to $1,000,000, later amended to $500,000 (“the Credit Facility”). The outstanding principal amount of the Credit Facility together with all the accrued and unpaid interest and all other amounts outstanding there under were due and payable in full on December 31, 2012, the maturity date. Outstanding principal under the Credit Facility bore interest at an annual rate of 8%.

	(b)	In connection with the Company entering into the Credit Facility and Debt Settlement Agreement with Senergy, the Company entered into an Assignment and Assumption Agreement with Senergy and Art Brokerage, Inc. (“ABI”) dated February 13, 2009, pursuant to which ABI assigned to Senergy all of its right, title and interest to a debt (the “Assigned Debt”) of $447,500 owed by the Company to ABI.

	(c)	On February 13, 2009, the Company entered into a debt settlement and subscription agreement (the “Debt Settlement Agreement”) with Senergy in consideration of Senergy entering into the Credit Facility. Pursuant to the terms of the Debt Settlement Agreement, the company agreed to issue to Senergy 8,950,000 shares of the Company common stock in settlement of a $447,500 debt owed to Senergy.

		As a result of these transactions, Senergy acquired 8,950,000 shares or 92.3% of the Company’s issued and outstanding common stock. The Company issued 8,950,000 common shares to settle an amount owing with respect to a loan payable totaling $447,500. The transaction was recorded at the quoted market price of $0.40 and resulted in a loss on settlement of loan payable of $3,132,500.

On August 11, 2009 the Company's articles of incorporation were amended and restated to increase the number of authorized shares of its common stock from 100,000,000 to 750,000,000. In addition the Company's articles of incorporation were amended and restated to authorize 100,000,000 shares of preferred stock with a par value of $0.001, which may be divided into and issued in series, with such designations, rights, qualifications, preferences, limitations and terms as fixed and determined by the Company's board of directors.

On September 24, 2009 the Company issued a further 436,000 shares to settle $218,000 owed to ABI. The transaction was recorded at the quoted market price of $0.30 and was treated as a capital transaction which resulted in a charge to equity of $218,000.

On December 11, 2009 the Company issued 175,000 shares each to two consultants, (350,000 shares total) for geological consulting services. The transactions were recorded at the quoted market price of $0.60 per share for total consideration of $210,000 which was capitalized to Oil and Gas Leases on the balance sheet.

Effective December 31, 2009 the Company effected a ten (10) for one (1) reverse stock split of the Company’s issued and outstanding shares of common stock. Shares and per share amounts have been retroactively restated to reflect the reverse stock split.

Maverick Minerals Corporation

(An Exploration Stage Company)

Notes to Condensed Consolidated Interim Financial Statements

June 30, 2013

Unaudited

(Expressed in United States Dollars)

Note 7

SHARE CAPITAL - continued

On July 19, 2010 the Company issued 49,925 common shares upon conversion of its Convertible Debenture dated December 11, 2009 in the principal amount of $35,625 and outstanding interest to July 19, 2010 of $1,788.

On July 27, 2010 the Company entered into a data purchase agreement with two individuals (collectively the “Vendors”), pursuant to which the Company agreed to purchase from the Vendors geologic data relating to certain oil and gas mineral leases located in Texas, including among other things: electric logs, seismic work, seismic reprocessing, data from the Texas Railroad Commission.

In consideration for the acquisition of the geologic data from the Vendors the Company issued 350,000 shares of the common stock of the Company to the Vendors. The transactions were recorded at the quoted market price of $1.05 per share for total consideration of $367,500 which was capitalized to Oil and Gas Leases on the balance sheet.

On September 7, 2010 the Company issued a further 725,971 shares to settle $762,269 owed to ABI. The transaction was recorded at the quoted market price of $1.40 and resulted in a loss on settlement of loan payable of $254,090.

On December 21, 2010, the Company completed a private placement of 500,000 shares of its common stock at a price of $0.50 for gross proceeds of $250,000 to an offshore subscriber pursuant to Regulation S of the Securities Act of 1933. The offering was completed in connection with the above noted sale of a 15% working interest in the Well. These shares were issued on February 11, 2011.

On February 28, 2011, the Company entered into debt settlement and subscription agreements with two subscribers pursuant to which the Company settled an aggregate of $50,000 debt in consideration of the issuance of 50,000 shares on March 7, 2011. The debt related to certain amounts owed by Art Brokerage to third parties which were subsequently assigned to the Company. The transaction was recorded at the quoted market price of $1.01 and resulted in a loss on settlement of loans payable of $500.

On July 10, 2012, the Company issued 100,000 common shares pursuant to the acquisition of a mineral property interest. The fair value of the shares of $25,000 was determined with reference to their quoted market price on the date of issuance.

On August 7, 2012, the Company issued 750,000 common shares in settlement of promissory notes outstanding of $3,387,743 and accrued interest therein of $356,348. The fair value of the shares of $150,000 was determined with reference to their quoted market price on the date of issuance and the Company recorded a gain on settlement of loans payable of $3,594,091, being the difference between the fair value of the common shares issued and the fair value of the debt settled.

On October 29, 2012 the Company extinguished a convertible debenture with Energold, a significant shareholder pursuant to a Share Transfer Agreement, in the amount of $302,052 (CDN$300,000) along with accrued interest of $1,854 (CDN$1,841) by issuing 3,039,057 common shares having a fair value of $781,038. At the time, a derivative liability having a carrying value of $477,132, being the embedded conversion option in the convertible debenture, was also extinguished. As a result of this extinguishment, the Company recorded a loss on extinguishment of debt of $Nil because the fair value of common shares issued was equal to the carrying value of the debt instruments at the date of conversion.

Maverick Minerals Corporation

(An Exploration Stage Company)

Notes to Condensed Consolidated Interim Financial Statements

June 30, 2013

Unaudited

(Expressed in United States Dollars)

Note 8

STOCK OPTION PLAN

Stock options

The Company has a stock option plan which provides for the granting of up to 7,500,000 stock options to key employees, directors and consultants, of common shares of the Company. Under the stock option plan, the granting of incentive and non-qualified stock options, exercise prices and terms are determined by the Board of Directors.

No stock options were issued during the six months ended June 30, 2013 and 2012.

The following is a summary of the status of the Company’s stock options as of June 30, 2013 and December 31, 2012 and the stock option activity during the periods then ended:

		Weighted Average
	Number of options	Exercise Price
Outstanding, December 31, 2011	1,295,000	$0.99
Expired	(145,000)	$0.40
Outstanding, December 31, 2012	1,150,000	$1.07
Expired	(50,000)	$1.50
Outstanding, June 30, 2013	1,100,000	$1.05

All options that were outstanding were exercisable at June 30, 2013 and December 31, 2012 as a result of all options being fully vested upon grant.

At June 30, 2013, the Company had 1,100,000 share purchase options outstanding. Each share purchase option is exercisable into one common share of the Company at an exercise price of $1.05 per share until August 20, 2015. These share purchase options had an aggregate intrinsic value of $Nil at June 30, 2013.

Note 9

SUBSEQUENT EVENTS

The Company entered into a loan agreement dated July 4, 2013 whereby the Company received a loan in the amount of $70,000 from a significant shareholder of the Company. The loan is unsecured and bears interest at 3% per annum and is due on June 30, 2015. The maturity date may be extended an additional twelve months at the request of the Company.

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

Forward Looking Statements

This report contains forward-looking statements. Forward-looking statements are projections of events, revenues, income, future economic performance or management’s plans and objectives for our future operations. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” or “continue” or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, including the risks in the section entitled “Risk Factors” and the risks set out below, any of which may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. These risks include, by way of example and not in limitation:

risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits;
results of initial feasibility, pre-feasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with our expectations;
mining and development risks, including risks related to accidents, equipment breakdowns, labour disputes or other unanticipated difficulties with or interruptions in production;
the potential for delays in exploration or development activities or the completion of feasibility studies;
risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses;
risks related to commodity price fluctuations;
the uncertainty of profitability based upon our history of losses;
risks related to failure to obtain adequate financing on a timely basis and on acceptable terms for our planned exploration and development projects;
risks related to environmental regulation and liability;
risks that the amounts reserved or allocated for environmental compliance, reclamation, post-closure control measures, monitoring and on-going maintenance may not be sufficient to cover such costs;
risks related to tax assessments;
political and regulatory risks associated with mining development and exploration; and
other risks and uncertainties related to our prospects, properties and business strategy.

This list is not an exhaustive list of the factors that may affect any of our forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on our forward-looking statements.

Forward looking statements are made based on management’s beliefs, estimates and opinions on the date the statements are made and we undertake no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.

Our financial statements are stated in United States dollars (US$) and are prepared in accordance with accounting principles generally accepted in the United States of America.

In this quarterly report, unless otherwise specified, all dollar amounts are expressed in United States dollars and all references to “common stock” refer to the common shares in our capital stock.

As used in this report, the terms “we”, “us”, “our”, the “Company” and “Maverick” mean Maverick Minerals Corporation and our subsidiary, Eskota Energy Corporation, unless otherwise indicated.

Our Current Business

We are currently an exploration stage company engaged in the acquisition, exploration, and development of prospective oil and gas properties and mineral properties.

During fiscal 2013, we consulted to a private mining company, registered in Utah. We participated in certain land tenure and mine development activities relating to a gold resource held by the private mining company in central Utah. We have and will continue to invoice the private company from time to time as services are provided. These activities are seen by us as a form of on-going due diligence on the Utah property and may be lead to an acquisition, partnership or joint-venture going forward. No guarantee can be provided that any relationship will accrue beyond consultation and contract placements on preliminary mine development activities based on relationships we have developed over several years in the area.

Recent Corporate Developments

Since the commencement of our second quarter ended June 30, 2013, we experienced the following significant corporate developments:

Following on previous disclosure, we continue to work with a private mineral resource company in Utah. We anticipate further ancillary consulting income in the third quarter from this source. No formal consulting agreement exists between the parties and consulting services are provided on an as needed basis. This arrangement will continue to position us to play an expanded role in the exploration and development of the Utah property although no formal agreements are presently in place. We will continue to offer land tenure and development services as requested and will continue to assess the suitability of the project for our shareholders.

We entered into a loan agreement dated July 4, 2013 whereby we received a loan in the amount of $70,000 from a significant shareholder. The loan is unsecured and is bearing interest at 3% per annum and is due on June 30, 2015. The maturity date may be extended an additional twelve months at our request.
We entered into a debt settlement agreement (the “Agreement”) with Ms. Nancy A. Vevoda and Bear Lair LLC (the “Creditors”) pursuant to which we agreed to pay $26,875 in full and final settlement of loans outstanding to the Creditors in the amount of $107,500. We made an initial payment of $7,500 upon execution of the Agreement, which represented full settlement of the loan outstanding to Nancy A. Vevoda of $25,000, and we were required to make an additional payment of $19,375 on or before June 8, 2013 to settle the amount outstanding to Bear Lair LLC in the amount of $82,500. During the second quarter of 2013, we made a payment of $1,000 against the amount outstanding to Bear Lair LLC and the remaining payment due of $18,375 was paid on July 4, 2013 in full and final settlement of the amount outstanding to Bear Lair LLC.
The site visit to Jarvis Island proposed for the second quarter has been postponed until at least the third quarter of 2013. We anticipate continuing to meet all of the obligations required in 2013 for the exercise of our First Option under the terms of the Jarvis Island Option and Joint Venture Agreement entered into on June 08, 2012.
We have incorporated a wholly-owned Canadian subsidiary, Maverick Minerals Canada Corporation, pursuant to the laws of a federal incorporation in Canada. As previously disclosed, we are involved in the due diligence of several mineral properties in the provinces of Ontario and Quebec in Canada. Should any agreements be entered into for either the outright acquisition of a mineral property in Canada or a joint- venture earn-in, we contemplate that we would acquire such a property in our wholly-owned Canadian subsidiary. No such agreements are imminent and no guarantee can be made that any such acquisition will be made.

Jarvis Island Option and Joint Venture Exploration Agreement

We entered into an Option and Joint Venture Exploration Agreement dated June 8, 2012 with Energold. Energold holds a 100% undivided right, title and interest in a group of mining claims situated in Thunder Bay, Ontario, Canada known as the Jarvis Island Property (the “Jarvis Property”). The Island is situated about 35 miles south of Thunder Bay about 5 km from the shore of Lake Superior near to the U.S. border (Minnesota). The property consists of 13.355 hectares and is believed to have mineral potential for the production of barite.

Pursuant to the terms of the agreement, Energold granted us the right, in the form of two options, to acquire an aggregate 51% working interest in the Jarvis Property subject to certain conditions, including the following:

	1.	To exercise the first option and earn a 30% undivided interest in the Jarvis Property, we must: (i) issue to Energold 100,000 shares on or before June 29, 2012 (issued); (ii) issue to Energold an additional 100,000 shares on or before September 15, 2013; and (iii) incur a total of $200,000 in exploration expenditures on the Jarvis Property on or before September 15, 2014;

	2.	To exercise the second option and earn an additional 21% undivided interest in the Jarvis Property, we must: (i) exercise the first option, (ii) issue to Energold a further 200,000 shares on or before September 15, 2015, and (iii) incur and additional $200,000 in exploration expenditures on the Jarvis Property on or before June 8, 2017;

	3.	During the period that both options are outstanding and after the formation of the joint venture (hereinafter defined), we have agreed to act as operator of the Jarvis Property in consideration of certain management fees in an amount up to 10% on general exploration expenditures and other fees in an amount up to 5% on drilling or other major contract costs as further set out in the Agreement. Decisions regarding exploration and development of the Jarvis Property are determined by a committee;

	4.	If we exercise the first option the parties agreed to participate in a joint venture (the “Joint Venture”) for the purpose of further exploration and development of Jarvis Property where the right to participate and the obligation to fund the Joint Venture will be apportioned 70% to Energold and 30% to Maverick and if we exercise the second option the Joint Venture will be apportioned 51% to Maverick and 49% to Energold; and

	5.	If we have acquired a 51% undivided interest in the Jarvis Property as per the Agreement and a feasibility study is completed which demonstrates that the Jarvis Property may be profitably brought into production, then we have the right to elect to commit the necessary financing to place the Jarvis Property into production and thereby earn a 70% interest in the newly initiated mining project.

Pursuant to the terms of the Agreement both options will terminate and we will have no further interest in the Jarvis Property if we do not exercise the first option by September 15, 2014. If we exercise the first option but not the second option as contemplated in the Agreement then our interest in the Jarvis Property will be limited to the 30% undivided interest and any other interests provided for under the Agreement. Each party agreed to indemnify the other against any environmental liabilities in connection with any operating activities on the Jarvis Property. There is no assurance that we will exercise the option as planned or at all.

Plan of Operation

We have entered into a joint venture agreement for the development of Jarvis Island, a 33 acre island in western Lake Superior off the coast from Thunder Bay, Ontario with a history of exploration for Barite. Barite or barium sulphate is a stabilizing agent used in the drilling of oil and gas wells. A site visit to the island is planned as soon as practicable in 2013 to assess and plan preliminary geological work.

Management is reviewing mineral resource opportunities in Ontario and Quebec in Canada. These exploration properties are targets for base metals and silver. Further properties, located in Utah and Idaho, are in various stages of due diligence. The dominant targets on these U.S.A based mineral properties are silver lead and zinc and all have extensive historical workings. Management will review these opportunities diligently however no guarantee can be given that any transaction as outlined herein will occur in the time frame covered by this plan of operation.

We continue to retain a few small oil and gas leases in south central Texas. Management has no plans to invest further resources in oil and gas exploration in Texas on its own properties but will continue to assess possible projects in oil and gas in an effort to leverage the experience it has gained over the past several years in both drilling and production.

Cash Requirements during the Next Twelve Months

Our estimated expenses over the next twelve months are as follows:

Cash Requirements during the Next Twelve Months

Expense		($)
Cost to meet Joint Venture Requirements		200,000
Consulting Expenses		20,000
Professional Fees		20,000
General and Administrative expenses		160,000
Total		400,000

To date we have funded our operations primarily with loans from shareholders. In addition to funding our general, administrative and corporate expenses we are obligated to address certain current liabilities. We will need to raise additional funds to meet these current liabilities. To raise these funds we may be required to increase shareholder loans, incur new borrowings or issue new equity which may be dilutive to existing shareholders. We currently have no agreement in place to raise funds for current liabilities and no guarantee can be given that we will be able to raise funds for this purpose on terms acceptable to our company. Failure to raise funds for general, administrative and corporate expenses and current liabilities could result in a severe curtailment of our operations.

Any advance in the oil and gas and mineral development strategy set-out herein will require additional funds. These funds may be raised through equity financing, debt financing or other sources which may result in further dilution of the shareholders percentage ownership in the Company.

Results of Operations

Three and Six Month Summary

							Percentage								Percentage
		Three Months ended					Increase			Six months ended					Increase
		June 30,					(Decrease)			June 30,					(Decrease)
		2013			2012					2013			2012
Revenue	$	-		$	-		N/A		$	25,000		$	-		N/A
General and administrative expenses		66,286			71,282		(7.0	)%		177,425			129,396		37.1%
Other expenses (income)		5,542			12,465		(55.5%	)		(4,857	)		58,184		(108.3%	)
Net loss	$	(71,828	)	$	(83,747	)	(14.2%	)	$	(147,568	)	$	(187,580	)	(21.3%	)

Revenues

During the first quarter of 2013 we had revenues of $25,000 relating to consulting services provided to a private mining company, registered in Utah. The Company participated in certain land tenure and mine development activities relating to a gold resource held by the private mining company in central Utah.

We have had no operating revenues for the three months ended June 30, 2013 or for the three and six months ended June 30, 2012.

General and Administrative

The major components of our general and administrative expenses for the periods are outlined in the table below:

		Three months ended				Six months ended
		June 30,				June 30,
		2013		2012		2013		2012
Audit Fees	$	11,459	$	-	$	64,934	$	1,833
Accounting, legal, engineering & consulting, investor relations		5,649		19,938		10,608		24,938
Management fees and stock based compensation		45,000		45,000		90,000		90,000
Office		1,497		106		2,252		266
Rent		-		-		1,670		-
Transfer agent fees		2,524		3,090		5,897		3,090
Travel		157		3,148		2,064		9,269
Total Expenses	$	66,286	$	71,282	$	177,425	$	129,396

The decrease in our general and administrative expenses for the three months ended June 30, 2013 was primarily due to:

A decrease in travel expenses as a result of less corporate travel incurred by our President. There was also an increase in audit fees in the current period as a result of the delay in our annual audit and first quarter interim review in the comparative period, which was offset by a decrease in accounting, legal and consulting fees in the current period as a result of increased legal fees in the comparative period associated with loan agreements and the Option and Joint Venture Agreement entered into in that period.

The increase in our general and administrative expenses for the six months ended June 30, 2013 was primarily due to:

An increase in audit fees in the current period as a result of the delay in our annual audit and first quarter interim review in the comparative period, which was partially offset by a decrease in accounting, legal and consulting fees in the current period as a result of increased legal fees in the comparative period associated with loan agreements and the Option and Joint Venture Agreement entered into in that period.

Liquidity and Capital Resources

Working Capital

		June 30, 2013			December 31, 2012
Current Assets	$	138		$	17,553
Current Liabilities		553,025			422,872
Working Capital Deficit	$	(552,887	)	$	(405,319	)

Cash Flows
		Six months ended June 30,
		2013			2012
Cash used in Operating Activities	$	(8,915	)	$	(131,550	)
Cash provided by Investing Activities		-			-
Cash provided by (used in) Financing Activities		(8,500	)		154,840
Net increase (decrease) in Cash	$	(17,415	)	$	23,290

We had a cash balance of $138 and a working capital deficiency of $552,887 as of June 30, 2013 compared to cash of $17,553 and a working capital deficiency of $405,319 as of December 31, 2012. We anticipate that we will incur approximately $400,000 for operating expenses, including professional, legal and accounting expenses associated with our reporting requirements under the Exchange Act during the next twelve months. Subsequent to June 30, 2013, we received additional funding in the form of a loan for $70,000, however, we will need to obtain additional financing in order to complete our full business plan.

Cash used in operating activities for the six month period ended June 30, 2013 was $8,915 as compared to cash used in operating activities for the same period in 2012 of $131,550. Cash used in operating activities has decreased during the current period primarily as a result of a $148,376 increase in accounts payable and accrued liabilities during the current period.

There were no investing activities during the six month periods ended June 30, 2013 and 2012.

Cash used in financing activities for the six month period ended June 30, 2013 was $8,500 compared to cash provided by financing activities for the same period in 2012 of $154,840. The decrease in cash provided by financing activities was primarily due to the settlement of an outstanding loan of $25,000 in the current period for a cash payment of $7,500 and a $1,000 payment in the current period towards an outstanding loan in the amount of $82,500, which was settled subsequently for an additional payment of $18,375.

Loans Payable

The Company has the following loans outstanding as of June 30, 2013:

		June 30, 2013		December 31, 2012
Nancy A. Vevoda	$	-	$	25,000
Mr. Alonzo B. Leavell		20,000		20,000
Bear Lair LLC		81,500		82,500
	$	101,500	$	127,500

Loans payable are unsecured; bear no interest, and have no specific terms of repayment, except as described below. During the six months ended June 30, 2013, the Company entered into a debt settlement agreement (the “Agreement”) with Ms. Nancy A. Vevoda and Bear Lair LLC (the “Creditors”) pursuant to which the Company agreed to pay $26,875 in full settlement of loans outstanding to the Creditors in the amount of $107,500. The Company made an initial payment of $7,500 upon execution of the Agreement, which represented full settlement of the loan outstanding to Nancy A. Vevoda of $25,000, resulting in a gain on settlement of loans payable of $17,500. The Company was required to make an additional payment of $19,375 on or before June 8, 2013 to settle the amount outstanding to Bear Lair LLC in the amount of $82,500. During the six months ended June 30, 2013, the Company made a payment of $1,000 against the amount outstanding to Bear Lair LLC and the remaining payment due of $18,375 was paid subsequent to June 30, 2013 in full settlement of the amount outstanding to Bear Lair LLC.

Going Concern

Our interim financial statements for the quarter ended June 30, 2013 have been prepared on a going concern basis, which implies that our company will continue to realize its assets and discharge its liabilities and commitments in the normal course of business. Our company has not generated significant revenues since inception and has never paid any dividends and is unlikely to pay dividends or generate earnings in the immediate or foreseeable future. The continuation of our company as a going concern is dependent upon the continued financial support from our shareholders and creditors, the ability of our company to obtain necessary equity financing to achieve our operating objectives, and the attainment of profitable operations. As of June 30, 2013, we had cash of $138 and we estimate that we will require approximately $400,000 for costs associated with our plan of operation and operating expenses over the next twelve months. Accordingly, we do not have sufficient funds for planned operations and we will be required to raise additional funds for operations.

These circumstances raise substantial doubt about our ability to continue as a going concern, as described in the explanatory paragraph to our independent auditors’ report on the December 31, 2012 consolidated financial statements which are included with our annual report. The consolidated financial statements do not include any adjustments that might result from the outcome of that uncertainty.

The continuation of our business is dependent upon us raising additional financial support. The issuance of additional equity securities by us could result in a significant dilution in the equity interests of our current stockholders. Obtaining commercial loans, assuming those loans would be available, will increase our liabilities and future cash commitments.

There are no assurances that we will be able to obtain further funds required for our continued operations. We are pursuing various financing alternatives to meet our immediate and long-term financial requirements. There can be no assurance that additional financing will be available to us when needed or, if available, that it can be obtained on commercially reasonable terms. If we are not able to obtain the additional financing on a timely basis, we will be forced to scale down or perhaps even cease the operation of our business.

Future Financings

We do not have sufficient funds for planned operations and we will be required to raise additional funds for operations. We anticipate continuing to rely on equity sales of our common shares or shareholder loans in order to continue to fund our business operations. Issuances of additional shares will result in dilution to our existing stockholders. There is no assurance that we will achieve any additional sales of our equity securities or arrange for debt or other financing to fund our planned activities

Off-Balance Sheet Arrangements

We have no significant 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 are material to stockholders.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

Not Applicable.

ITEM 4. CONTROLS AND PROCEDURES.

As required by Rule 13(a)-15 under the Exchange Act, in connection with this quarterly report on Form 10-Q, under the direction of our Chief Executive Officer and Chief Financial Officer, we have evaluated our disclosure controls and procedures as of June 30, 2013 and we have concluded that, as of June 30, 2013, our disclosure controls and procedures were ineffective based on the following material weaknesses:

	(i)	Lack of a sufficient number of independent directors for our board and audit committee. We currently have no independent director on our board, which is comprised of one director. As a publicly-traded company, we strive to have a majority of our board of directors be independent;

	(ii)	Insufficient segregation of duties in our finance and accounting functions due to limited personnel. During the period ended June 30, 2013, we had limited staff that performed nearly all aspects of our financial reporting process, including, but not limited to, access to the underlying accounting records and systems, the ability to post and record journal entries and responsibility for the preparation of the financial statements. This creates certain incompatible duties and a lack of review over the financial reporting process that would likely result in a failure to detect errors in spreadsheets, calculations, or assumptions used to compile the financial statements and related disclosures as filed with the SEC. These control deficiencies could result in a material misstatement to our interim or annual consolidated financial statements that would not be prevented or detected;

	(iii)	There is a lack of sufficient supervision and review by our corporate management; and

	(iv)	Insufficient corporate governance policies. Although we have a code of ethics which provides broad guidelines for corporate governance, our corporate governance activities and processes are not always formally documented. Specifically, decisions made by the board to be carried out by management should be documented and communicated on a timely basis to reduce the likelihood of any misunderstandings regarding key decisions affecting our operations and management; and

As a result of these weaknesses, the Company’s disclosure controls are not effective.

There were no changes in our internal controls over financial reporting during the three months ended June 30, 2013 that have materially affected or are reasonably likely to materially affect, our internal control over financial reporting.

PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

We know of no material, active, or pending legal proceeding against our company, nor are we involved as a plaintiff in any material proceeding or pending litigation where such claim or action involves damages for more than 10% of our current assets. There are no proceedings in which any of our company’s directors, officers, or affiliates, or any registered or beneficial shareholders, is an adverse party or has a material interest adverse to our company’s interest.

ITEM 1A. RISK FACTORS.

Our common shares are considered speculative. Prospective investors should consider carefully the risk factors set out below.

The Likelihood of Continued Losses from Operations and Ability To Continue As A Going Concern.

The Company has had no significant revenue from operations and has incurred cumulative losses from inception through June 30, 2013 of $14,891,093 Losses are expected to continue until such time as the Company can economically produce and sell materials from the Jarvis Island Property and/or otherwise commence planned principal operations. Continued losses will require that the Company raise additional funds by equity or debt financing, failing which the Company will not be able to continue operations. Management cannot provide assurances that this will occur.

These circumstances raise substantial doubt about our ability to continue as a going concern, as described in the explanatory paragraph to our independent auditors’ report on our consolidated financial statements for the year ended December 31, 2012. Although our consolidated financial statements raise substantial doubt about our ability to continue as a going concern, they do not reflect any adjustments that might result if we are unable to continue our business.

We have had negative cash flows from operations and if we are not able to obtain further financing, our business operations may fail.

We had a working capital deficiency of $552,887 as of June 30, 2013. We will require additional funds, either from equity or debt financing, to maintain our daily operations and to implement our plan of operation. Obtaining additional financing is subject to a number of factors, including market commodities prices, investor acceptance of our interest pursuant to the Jarvis Island Property Agreement, and investor sentiment. Financing, therefore, may not be available on acceptable terms, if at all. The most likely source of future funds presently available to us is through the sale of equity capital. Any sale of share capital, however, will result in dilution to existing shareholders. If we are unable to raise additional funds when required, we may be forced to delay our plan of operation and our entire business may fail.

We currently do not generate significant revenues to meet operating requirements, and as a result, we face a high risk of business failure.

In addition to our oil and gas leases in Fort Bend County the only significant interest we can earn in a property we have is pursuant to the Jarvis Island Property Agreement. From the date of our incorporation, we have primarily focused on the location and acquisition of mineral and oil and gas properties. We have not generated any significant revenues to date. In order to generate revenues from these assets, we will incur substantial expenses in the evaluation and development of our oil and gas leases and potential mineral interests. We therefore expect to incur significant losses into the foreseeable future. We recognize that if we are unable to generate significant revenues from our activities, our entire business may fail. There is no history upon which to base any assumption as to the likelihood that we will be successful in our plan of operation, and we can provide no assurance to investors that we will generate any operating revenues going forward or achieve profitable operations.

If we are required for any reason to repay all of our outstanding loans or any other indebtedness, we would be required to deplete our working capital, if available, or raise additional funds.

If we are required to repay the loans payable or any other indebtedness for any reason, we would be required raise additional funds. If we are unable to repay the loans or any other indebtedness when required, the lenders could commence legal action against our company and foreclose on all of our assets to recover the amounts due. Any such sale or legal action would require our company to curtail or possibly cease our operations.

Our ability to obtain financing is likely dependent on the price of certain commodities markets remaining at current levels, which, given historical fluctuations, can vary significantly.

Financing to implement our plan of operation will depend upon current price levels for certain commodities, including barite and petroleum, being sustained for the foreseeable future. There is no guarantee that prices will remain at the current levels. Commodities prices historically have fluctuated widely and are affected by numerous factors outside of our control including industrial demand, central bank lending, forward sales of producers and speculators, levels of production, short-term changes in supply and demand because of speculative hedging activities, confidence in the global monetary system, expectations of the future rate of inflation, the strength of the U.S. dollar (the currency in which the price of commodities are generally quoted), interest rates and global or regional political or economic events.

Risks and Contingencies Associated with the Mining Industry Generally.

In addition to the risks noted above, the Company is subject to all of the risks inherent in the mining industry, including environmental risks, fluctuating metals prices, industrial accidents, labor disputes, unusual or unexpected geologic formations, cave-ins, flooding, earth quakes and periodic interruptions due to inclement weather. These risks could result in damage to, or destruction of, production facilities, personal injury, environmental damage, delays, monetary losses and legal liability. Although the Company can be expected to maintain insurance within ranges of coverage consistent with industry practice, no assurance can be given that such insurance will be available at economically feasible premiums. Insurance against environmental risks (including pollution or other hazards resulting from the disposal of waste products generated from production activities) is not generally available to the Company or other companies in the mining industry. If subjected to environmental liabilities, the costs incurred would reduce funds available for other purposes.

The oil and gas exploration and production industry is historically a cyclical industry and market fluctuations in the prices of oil and gas could adversely affect our business.

Prices for oil and gas tend to fluctuate significantly in response to factors beyond our control. These factors include:

Weather conditions in the United States and wherever our property interests are located;
Economic conditions, including demand for petroleum-based products, in the United States and the rest of the world;

Actions by OPEC, the Organization of Petroleum Exporting Countries;
Political instability in the Middle East and other major oil and gas producing regions;
Governmental regulations, domestic and foreign; domestic and foreign tax policy;
The pace adopted by foreign governments for the exploration, development, and production of their national reserves;
The price of foreign imports of oil and gas;
The cost of exploring for, producing and delivering oil and gas;
The rate of decline of existing and new oil and gas reserves;
Available pipeline and other oil and gas transportation capacity;
The ability of oil and gas companies to raise capital;
The overall supply and demand for oil and gas; and
The availability of alternate fuel sources.

Changes in commodity prices may significantly affect our capital resources, liquidity and expected operating results. Price changes will directly affect revenues and can indirectly impact expected production by changing the amount of funds available to reinvest in exploration and development activities. Reductions in oil and gas prices not only reduce revenues and profits, but could also reduce the quantities of reserves that are commercially recoverable. Significant declines in prices could result in non-cash charges to earnings due to impairment.

Changes in commodity prices may also significantly affect our ability to estimate the value of producing properties for acquisition and divestiture and often cause disruption in the market for oil and gas producing properties, as buyers and sellers have difficulty agreeing on the value of the properties. Price volatility also makes it difficult to budget for and project the return on acquisitions and the development and exploitation of projects. We expect that commodity prices will continue to fluctuate significantly in the future.

Any change to government regulation/administrative practices may have a negative impact on our ability to operate and our profitability.

The laws, regulations, policies or current administrative practices of any government body, organization or regulatory agency in the United States, Canada, or any other jurisdiction, may be changed, applied or interpreted in a manner which will fundamentally alter the ability of our company to carry on our business. The actions, policies or regulations, or changes thereto, of any government body or regulatory agency, or other special interest groups, may have a detrimental effect on us. Any or all of these situations may have a negative impact on our ability to operate and/or our profitability.

If we are unable to hire and retain key personnel, we may not be able to implement our plan of operation and our business may fail.

Our success will be largely dependent on our ability to hire and retain highly qualified personnel. This is particularly true in the highly technical businesses of mineral and oil and gas exploration. These individuals may be in high demand and we may not be able to attract the staff we need. In addition, we may not be able to afford the high salaries and fees demanded by qualified personnel, or we may fail to retain such employees after they are hired. At present, we have not hired any key personnel. Our failure to hire key personnel when needed will have a significant negative effect on our business.

Because our executive officers do not have formal training specific to mineral and oil and gas exploration, there is a higher risk our business will fail.

While Robert Kinloch, our director and one of our executive officers, has experience managing a mineral exploration company, he does not have formal training as a geologist. Donald Kinloch does not have formal training specific to mineral and gas exploration. Accordingly, our management may not fully appreciate many of the specific requirements related to working within the mining and oil and gas industry. Our management decisions may not take into account standard engineering or managerial approaches commonly used by such companies. Consequently, our operations, earnings, and ultimate financial success could be negatively affected due to our management’s lack of experience in the industry.

Our executive officers have other business interests, and as a result, they may not be willing or able to devote a sufficient amount of time to our business operations, thereby limiting the success of our company.

Robert Kinloch presently spends approximately 60% of his business time and Donald Kinloch presently spends approximately 20% of his business time on business management services for our company. At present, both Robert and Donald Kinloch spend a reasonable amount of time in pursuit of our company’s interests. Due to the time commitments from Robert and Donald Kinloch’s other business interests, however, they may not be able to provide sufficient time to the management of our business in the future and our business may be periodically interrupted or delayed as a result of their other business interests.

Risks Relating to Our Common Stock

If we issue additional shares in the future, it will result in the dilution of our existing shareholders.

Our articles of incorporation authorize the issuance of up to 750,000,000 shares of common stock with a par value of $0.001 per share. Our board of directors may choose to issue some or all of such shares to acquire one or more businesses or to provide additional financing in the future. The issuance of any such shares will reduce the book value and market price of the outstanding shares of our common stock. If we issue any such additional shares, such issuance will reduce the proportionate ownership and voting power of all current shareholders. Further, such issuance may result in a change of control of our corporation.

Our common stock is illiquid and shareholders may be unable to sell their shares.

There is currently a limited market for our common stock and we can provide no assurance to investors that a market will develop. If a market for our common stock does not develop, our shareholders may not be able to re-sell the shares of our common stock that they have purchased and they may lose all of their investment. Public announcements regarding our company, changes in government regulations, conditions in our market segment or changes in earnings estimates by analysts may cause the price of our common shares to fluctuate substantially. In addition, stock prices for junior oil and gas companies fluctuate widely for reasons that may be unrelated to their operating results. These fluctuations may adversely affect the trading price of our common shares.

Penny stock rules will limit the ability of our stockholders to sell their stock.

The Securities and Exchange Commission has adopted regulations which generally define “penny stock” to be any equity security that has a market price (as defined) less than $5.00 per share or an exercise price of less than $5.00 per share, subject to certain exceptions. Our securities are covered by the penny stock rules, which impose additional sales practice requirements on broker-dealers who sell to persons other than established customers and “accredited investors”. The term “accredited investor” refers generally to institutions with assets in excess of $5,000,000 or individuals with a net worth in excess of $1,000,000 or annual income exceeding $200,000 or $300,000 jointly with their spouse. The penny stock rules require a broker-dealer, prior to a transaction in a penny stock not otherwise exempt from the rules, to deliver a standardized risk disclosure document in a form prepared by the Securities and Exchange Commission which provides information about penny stocks and the nature and level of risks in the penny stock market. The broker-dealer also must provide the customer with current bid and offer quotations for the penny stock, the compensation of the broker-dealer and its salesperson in the transaction and monthly account statements showing the market value of each penny stock held in the customer’s account. The bid and offer quotations, and the

broker-dealer and salesperson compensation information, must be given to the customer orally or in writing prior to effecting the transaction and must be given to the customer in writing before or with the customer’s confirmation. In addition, the penny stock rules require that, prior to a transaction in a penny stock not otherwise exempt from these 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 agreement to the transaction. These disclosure requirements may have the effect of reducing the level of trading activity in the secondary market for the stock that is subject to these penny stock rules. Consequently, these penny stock rules may affect the ability of broker-dealers to trade our securities. We believe that the penny stock rules discourage investor interest in and limit the marketability of our common stock.

The Financial Industry Regulatory Authority, or FINRA, has adopted sales practice requirements which may also limit a shareholder’s ability to buy and sell our stock.

In addition to the “penny stock” rules described above, FINRA has adopted rules that require that in recommending an investment to a customer, a broker-dealer must have reasonable grounds for believing that the investment is suitable for that customer. Prior to recommending speculative low priced securities to their non-institutional customers, broker-dealers must make reasonable efforts to obtain information about the customer’s financial status, tax status, investment objectives and other information. Under interpretations of these rules, FINRA believes that there is a high probability that speculative low priced securities will not be suitable for at least some customers. FINRA requirements make it more difficult for broker-dealers to recommend that their customers buy our common stock, which may limit your ability to buy and sell our stock and have an adverse effect on the market for its shares.

Because of the early stage of development and the nature of our business, our securities are considered highly speculative.

Our securities must be considered highly speculative, generally because of the nature of our business and the early stage of our development. We are engaged in the business of identifying, acquiring, exploring and developing commercial reserves of oil and gas. Our properties are in the exploration stage only and are without known reserves of oil and gas. Accordingly, we have not generated any revenues from these properties nor have we realized a profit from our operations to date and there is little likelihood that we will generate any revenues or realize any profits from these properties in the short term. Any profitability in the future from our business will be dependent upon locating and developing economic reserves of oil and gas, which itself is subject to numerous risk factors as set forth herein. Since we have not generated any significant revenues, we will have to raise additional monies through the sale of our equity securities or debt in order to continue our business operations.

We do not intend to pay dividends on any investment in the shares of stock of our company.

We have never paid any cash dividends and currently do not intend to pay any dividends for the foreseeable future. To the extent that we require additional funding currently not provided for in our financing plan, our funding sources may prohibit the payment of a dividend. Because we do not intend to declare dividends, any gain on an investment in our company will need to come through an increase in the stock’s price. This may never happen and investors may lose all of their investment in our company.

Risks Related to Our Company

Our by-laws contain provisions indemnifying our officers and directors.

Our by-laws provide for the indemnification of our directors and officers to the fullest extent legally permissible under the Nevada corporate law against all expenses, liability and loss reasonably incurred or suffered by them in connection with any action, suit or proceeding. Furthermore, our by-laws provide that our board of directors may cause our company to purchase and maintain insurance for our directors and officers

Our by-laws do not contain anti-takeover provisions and thus our management and directors may change if there is a take-over of our company.

We do not currently have a shareholder rights plan or any anti-takeover provisions in our by-laws. Without any anti-takeover provisions, there is no deterrent for a take-over of our company. If there is a take-over of our company, our management and directors may change.

Because our director and officers are residents of other countries other than the United States, investors may find it difficult to enforce, within the United States, any judgments obtained against our director and officers.

Our director and officers are nationals and/or residents of countries other than the United States, and all or a substantial portion of such persons’ assets are located outside the United States. As a result, it may be difficult for investors to enforce within the United States any judgments obtained against our officers or director, including judgments predicated upon the civil liability provisions of the securities laws of the United States or any state thereof.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4. MINE SAFETY DISCLOSURES

Not Applicable.

ITEM 5. OTHER INFORMATION

None.

ITEM 6. EXHIBITS

Exhibit
Number	Description

3.1	Amended and Restated Articles (incorporated by reference from our Form 10-Q Quarterly report, filed on August 14, 2009)

3.2	Bylaws (incorporated by reference from our Form 10SB Registration Statement, filed on August 8, 1999)

3.3	Amended Bylaws (incorporated by reference from our Annual Report on Form 10-KSB, filed on April 24, 2008)

4.1	Specimen Stock Certificate (incorporated by reference from our Form 10-SB Registration Statement, filed on August 8, 1999)

10.1	Non-Qualified Stock Option Plan (incorporated by reference from our Form S-8 Registration Statement, filed on September 12, 2002)

10.2	Mutual Release Agreement between Eskota Energy Corporation and Veneto Exploration, LLC and Assignment of Oil and Gas Leases dated July 6, 2006 (incorporated by reference from our Quarterly Report on Form 10-QSB for the period ended June 30, 2006)

10.3	Purchase Agreement between Maverick Minerals Corporation, UCO Energy Corporation and the shareholders of UCO Energy, dated April 21, 2003 (incorporated by reference from our Annual Report on Form 10-KSB filed on May 19, 2004)

10.4	Loan Agreement and Civil Action Covenant between Art Brokerage Inc., Eskota Energy Corporation and Maverick Minerals Corporation (incorporated by reference from our Quarterly Report on Form 10-QSB for the period ended June 30, 2006)

Exhibit
Number	Description

10.5	Loan Agreement between Alonzo B. Leavell and Maverick Minerals Corporation dated July 20, 2005 (incorporated by reference from our Quarterly Report on Form 10-QSB for the period ended June 30, 2006)

10.6	Loan Agreement between Alonzo B. Leavell and Maverick Minerals Corporation dated April 27, 2005 (incorporated by reference from our Quarterly Report on Form 10-QSB for the period ended June 30, 2006)

10.7	Management Agreement dated as at March 5, 2003 between Maverick Minerals Corp. and Robert Kinloch (incorporated by reference from our Quarterly Report on Form 10-QSB for the period ended June 30, 2006)

10.8	Management Agreement dated as at June 1, 2005 between Maverick Minerals Corp. and Robert Kinloch (incorporated by reference from our Quarterly Report on Form 10-QSB for the period ended June 30, 2006)

10.9	Deed of Release dated November 31, 2008 with Pride of Aspen LLC (incorporated by reference from our Current Report on Form 8-K filed on December 3, 2008)

10.10	Assignment and Assumption Agreement dated February 10, 2009 among Art Brokerage, Inc., Senergy Partners LLC and Maverick Minerals Corp. (incorporated by reference from our Current Report on Form 8-K filed on February 20, 2009)

10.11	Loan Agreement dated as of February 13, 2009 between Maverick Minerals Corp. and Senergy Partners LLC (incorporated by reference from our Annual Report on Form 10-K filed on April 13, 2009)

10.12	Debt Settlement and Subscription Agreement dated as of February 13, 2009 between Maverick Minerals Corp. and Senergy Partners LLC (incorporated by reference from our Current Report on Form 8-K filed on February 20, 2009)

10.13	2009 Stock Option Plan (incorporated by reference from our Form 10-Q Quarterly report, filed on August 14, 2009)

10.14	Debt Settlement and Subscription Agreement dated as of September 24, 2009 between Maverick Minerals Corp. and The Art Brokerage Inc. (incorporated by reference from our Form 10-Q Quarterly report, filed on November 16, 2009)

10.15	Farmout Agreement dated as of December 7, 2009 between Southeastern Pipe Line Company and Maverick Minerals Corporation (incorporated by reference from our Form 8-K Current report, filed on December 18, 2009)

10.16	Subscription Agreement between Maverick Minerals Corporation and Robert Kinloch dated November 26, 2009 (incorporated by reference from our Form 8-K Current report, filed on December 10, 2009)

10.17	Convertible Debenture dated November 26, 2009 (incorporated by reference from our Form 8-K Current report, filed on December 10, 2009)

10.17	Subscription Agreement and Convertible Debenture dated December 17, 2009 between Maverick Minerals Corporation and David Steiner.

10.18	Debt Settlement and Subscription Agreement between Maverick Minerals Corporation and Art Brokerage, Inc. dated September 7, 2010 (incorporated by reference from our Form 8-K Current report, filed on September 16, 2010)

10.19	Loan Agreement dated September 20, 2010 (and related security agreements) between Maverick Minerals Corporation and Art Brokerage, Inc. (incorporated by reference from our Form 8-K Current report, filed on September 24, 2010)

Exhibit
Number	Description

10.20	Pledge and Security Agreement dated September 20, 2010 between Maverick Minerals Corporation and Art Brokerage, Inc. (incorporated by reference from our Form 8-K Current report, filed on September 24, 2010)

10.21	Security Agreement dated September 20, 2010 between Maverick Minerals Corporation and Art Brokerage, Inc. (incorporated by reference from our Form 8-K Current report, filed on September 24, 2010)

10.22	Amendment Agreement dated September 15, 2010 between Maverick Minerals Corporation and Art Brokerage, Inc. (incorporated by reference from our Form 8-K Current report, filed on September 24, 2010)

10.23	Consulting Agreement dated September 23, 2010 between Maverick Minerals Corporation and Robert Kinloch (incorporated by reference from our Form 8-K Current report, filed on September 24, 2010)

10.24	Consulting Agreement dated September 23, 2010 between Maverick Minerals Corporation and Donald Kinloch (incorporated by reference from our Form 8-K Current report, filed on September 24, 2010)

10.25	Form of Subscription Agreement dated December 21, 2010 (incorporated by reference from our Form 8-K Current report, filed on December 28, 2010)

10.26	Joint Operating Agreement dated effective December 6, 2010 between Maverick Minerals Corporation, Getty Resources Inc. and James Kearney (incorporated by reference from our Form 8- K Current report, filed on December 28, 2010)

10.27	Joint Operating Agreement dated effective December 7, 2010 between Maverick Minerals Corporation and Arrowdog, LLP (incorporated by reference from our Form 8-K Current report, filed on December 28, 2010)

10.28	Letter Agreement dated December 6, 2010 between Maverick Minerals Corporation and John Kearney (incorporated by reference from our Form 8-K Current report, filed on December 28, 2010)

10.29	Option and Joint Venture Exploration Agreement dated June 8, 2012 between Maverick Minerals Corporation and Energold Minerals Inc. (incorporated by reference from our Form 8-K Current Report, filed on June 12, 2012)

10.30	Debt Settlement and Subscription Agreement dated August 7, 2012 between Maverick Minerals Corporation and The Art Brokerage, Inc. (incorporated by reference from our Form 8-K Current report, filed on August 7, 2012)

10.31	Debt and Subscription Agreement dated August 7, 2012 between Maverick Minerals Corporation and Senergy Partners LLC (incorporated by reference from our Form 8-K Current Report, filed on August 7, 2012)

10.32	Share Transfer Agreement dated August 20, 2012 between Energold Minerals Inc. and Senergy Partners LLC (incorporated by reference from our Form 8-K Current Report, filed on August 24, 2012)

14.1	Code of Ethics (incorporated by reference from our Annual Report on Form 10-KSB, filed on April 24, 2008)

21.1*	List of Subsidiaries

31.1*	Certification of Chief Executive Officer and Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

32.1*	Certification of Chief Executive Officer and Chief Financial Officer pursuant Section 906 Certifications under Sarbanes-Oxley Act of 2002

* Filed herewith.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

MAVERICK MINERALS CORPORATION

By	/s/ Robert Kinloch

	Robert Kinloch
	President, Chief Executive Officer and Chief Financial Officer
	(Principal Executive Officer, Principal Accounting Officer
	and Principal Financial Officer)

Date:	August 14, 2013

MAVERICK MINERALS CORP 10-Q