UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

[X] Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the fiscal year ended ~~June 30, 2011~~

June 30, 2012

Commission File Number 333-151085

CRATER MOUNTAIN RESOURCES, INC.

(Exact name of registrant as specified in its charter)

Nevada 20-8837756

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

4666 Mission Avenue, Suite 1

San Diego, CA 92116

(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: (619) 819-7595

Securities registered under Section 12(b) of the Exchange Act:

Title of each class registered: ~~None Name~~ ~~of each exchange on which registered:~~ None

Name of each exchange on which registered: None

Securities registered under Section 12(g) of the Exchange Act:

Common Stock, par value $.001

(Title of class)

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

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

Indicate by check mark whether the Registrant (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 Website, 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 [ ] NO [X]

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

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§229.405 of this Chapter) is not contained herein, and will not be contained, to the best of Registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. [ ]

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer. See definition of “accelerated filer and large accelerated filer” in Rule 12b-2 of the Exchange Act:

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

We had no revenues for the fiscal year ended June 30, ~~2011~~2012.

As of August 1027, ~~2011~~2012, there were 34,000,000 shares of our common stock issued and outstanding. ~~Our~~ Our common stock is not currently listed and trading on any exchange. The aggregate market value of the voting stock held by non-affiliates of the registrant, computed by reference to the $0.001 par value price per share paid for the shares is approximately $34,000.

Some exhibits required to be filed hereunder, are incorporated herein by reference to Issuer's original Form S-1 Registration Statement, filed under CIK No 0001434028 on May 22, 2008, on the SEC website at www.sec.gov.

Available Information

Our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and all amendments to those reports that we file with the U.S. Securities and Exchange Commission (SEC) are available at the SEC's public reference room at 100 F Street, N.E., Washington, D.C. 20549. The public may obtain information on the operation of the public reference room by calling the SEC at 1-800-SEC-0330. The SEC also maintains a website at www.sec.gov that contains reports, proxy and information statements and other information regarding issuers that file electronically with the SEC.

TABLE OF CONTENTS
		Page No.
PART I.
Item 1. Description of Business		4
Item 1A. Risk Factors		6
Item 1B. Unresolved Staff Comments		1312
Item 2. Description of Properties		1412
Item 3. Legal Proceedings		1413
Item 4. Mine Safety Disclosure		13
PART II
Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities		1413
Item 6. Selected Financial Data		1514
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operation		1514
Item 7A. Quantitative and Qualitative Disclosures About Market Risk		1715
Item 8. Financial Statements and Supplementary Data		1715
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosures		28
Item 9A. Controls and Procedures		28
Item 9B. Other Information		28
PART III
Item 10. Directors, Executive Officers and Corporate Governance		29
Item 11. Executive Compensation		30
Item 12 Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters		32
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters		31
Item 13. Certain Relationships and Related Transactions and Director Independence		3332
Item 14. Principal Acounting Fees and Services		34
Item 14. Principal Accounting Fees and Services		33
PART IV
Item 15. Exhibits		34
Signatures		35

PART I

ITEM 1. DESCRIPTION OF BUSINESS

General

Crater Mountain Resources, Inc. was incorporated in Nevada on April 11, 2007. We are a minerals exploration company based in San Diego, California. As of ~~December~~June 3130, ~~2010~~2012, we have ~~three~~two key projects in Papua New Guinea (PNG). We are in the start up, exploration stage and have not yet generated any revenues.

On February 19, 2010, our Form S-1 registration statement was declared effective by the SEC, allowing us to sell a total of 4,000,000 shares of our common stock and raise a total of $2,000,000, which we intend to use to implement our business operations. As of May 11, 2011 we closed the offering after having raised a total of $130,000. This offering was the initial public offering of common stock of Crater Mountain Resources, Inc. and no public market currently exists for our securities.

We have not yet generated any revenues since inception and have incurred net operating losses of $6790,~~524~~939 since inception. We do not own any real estate. Our auditors have raised substantial doubt about our ability to continue as a going concern. We cannot provide assurance that we will ultimately achieve profitable operations or become cash flow positive, or be able to raise the equity capital needed to implement our business plans; however, based on our prior demonstrated ability to raise capital, we believe that our capital resources will be adequate to continue operating our business operations for the fiscal year ending June 30, ~~2012~~2013. However, if we are unable to raise the capital we need in the near future, due to our liquidity problems, we may have to curtail our operations, liquidate assets, seek additional capital on less favorable terms and/or pursue other remedial measures.

Our administrative offices are located at 4666 Mission Blvd, Suite 1, San Diego, California, for which we pay no rent; the office space is contributed by one of our shareholders. We plan to use these offices until we require larger space. Our fiscal year end is June 30.

Our Exploration Projects

We are a natural resource company engaged in the exploration of mineral properties located in Papua New Guinea. These properties are at mine feasibility and/or in the exploration stage. We have two ~~three~~ key projects: Gira-Aikora-Ioma~~, Wagi~~ ~~River,~~ and ~~Crater~~Wagi ~~Mountain~~River. We do not claim to have any mineralization or reserves whatsoever at this time on any of our properties; however, based on preliminary research and geological report on our property and the surrounding area, we believe there is a sufficient basis to warrant further exploration of the properties.

GIRA-AIKORA-IOMA GOLD PROJECT

The Gira-Aikora-Ioma Project area is located about 55km from the mouth of the Gira River which flows northeast into Mambare Bay on the east coast of Papua. The closest and most readily accessible population centre is Kokoda, some 55km to the south. Alluvial gold was found in 1938 and at another location in 1961.

Field work located two broad zones shedding pan-able gold; one which generally follows the Owen Stanley Fault has been called the Western Gold Zone, and the other follows the Gira Fault called the Eastern Gold Zone.

Field work for the Western Gold Zone suggests narrow high grade zones are the source of the pan-able gold and the geochemical anomalies. In the Eastern Gold Belt good pan-able gold was found around old alluvial and eluvial workings at the Baranuma Prospect.

WAGI RIVER GOLD PROJECT

Lufa District - In the southern part of the Wagi River property, previous stream sampling has confirmed the alluvial gold and located a possible one sq km area from which this alluvial gold may have been sourced. The float rock sampling yielded encouraging results however, investors and shareholders are cautioned that follow up exploration and potentially a third party feasibility study is required to further assess their significance.

Distribution Methods

We initially plan to market any minerals retrieved in normal channels associated with the industry.

Status of Any Publicly Announced Mining Opportunities

We have not publicly announced any new mining opportunities.

Competition

We expect to compete with many mining and exploration companies in identifying and acquiring claims with gold mineralization. We believe that most of our competitors have greater resources than us. We also expect to compete for qualified geological and environmental experts to assist us in our exploration of mining prospects, as well as any other consultants, employees and equipment that we may require in order to conduct our operations.

Government and Industry Regulation

We may be delayed by or unable to comply with government and environmental laws, rules and regulations related to our proposed operations and the mining industry, in general, which could severely impact our business operations. Our proposed mineral exploration programs will be subject to the laws, rules and regulations in Papua New Guinea. Various governmental permits will be required prior to implementation of our proposed exploration operations. We are not assured of receiving such permits as and when needed for operations, or at all. There is no assurance environmental or safety standards more stringent than those presently in effect may not be enacted, which could adversely affect future exploration programs. Also, the industry often finds itself in conflict with the interests of private environmental groups which often have an adverse effect on the mining industry.

There are several governmental regulations that materially restrict the exploration of minerals. We will be subject to the mining laws and regulations of Papua New Guinea as we carry out our exploration program. We may be required to obtain work permits, post bonds and perform remediation work for any physical disturbance to the land in order to comply with these regulations. While our planned exploration program budgets for regulatory compliance, there is a risk that new regulations could increase our time and costs of doing business and prevent us from carrying out our exploration program.

Environmental Laws

Our operations are subject to the Environmental Laws of Papua New Guinea. Environmental laws and regulations relating to public lands are expected to be tightly enforced. We intend to explore and, when required, develop all of our properties in strict compliance with all environmental requirements applicable to the mineral processing and mining industry. We will secure all the necessary permits for exploration and, if development is warranted, will file final Plans of Operation prior to the commencement of any mining operations. We anticipate no discharge of water into any active stream, creek, river, lake or any other body of water regulated by environmental law or regulation. No significant endangered species will be disturbed. Re-contouring and re-vegetation of disturbed surface areas will be completed pursuant to all legal requirements. Any portals, adits or shafts will be sealed should the property be abandoned.

5It is difficult to estimate the cost of compliance with environmental laws at this time, since the full nature and extent of our proposed activities cannot be determined until we commence our operations, which we anticipate to be in the 3rd quarter of 2013. At that time, we will determine what that will involve from an environmental standpoint and will begin our compliance efforts.

It is difficult to estimate the cost of compliance with environmental laws at this time, since the full nature and extent of our proposed activities cannot be determined until we receive the proceeds from our initial public offering and commence our operations. At that time, we will determine what that will involve from an environmental standpoint and will begin our compliance efforts.

Patents and Trademarks

We have no patents, trademarks or other proprietary rights.

Employees and Employment Agreements

We currently have one employee, our executive officer, Roger Renken, who currently devotes 30 hours a week to our business and is responsible for the primary operation of our business. There are no formal employment agreements between the company and Mr. Renken.

We presently do not have pension, health, annuity, insurance, profit sharing or similar benefit plans; however, we may adopt such plans in the future. There are presently no personal benefits available to any officers, directors or key employees.

ITEM 1A. RISK FACTORS

Our securities are highly speculative and involve a high degree of risk, including among other items the risk factors described below. You should carefully consider the following risk factors and other information in this 10-K before deciding to invest in our securities.

Risk factors associated with our Company

Roger Renken, the President, Secretary and Treasurer and Chairman of the Board of Directors of the company, currently devotes approximately 30 hours per week to company matters. He does not have any public company experience and is involved in other business activities. The company’s needs could exceed the amount of time or level of experience he may have. This could result in his inability to properly manage company affairs, resulting in our remaining a start-up company with no revenues or profits.

Our business plan does not provide for the hiring of any additional employees until sales will support the expense, which is estimated to be in the second or third quarter of ~~2012~~2013. Until that time, the responsibility of developing the company’s business and fulfilling the reporting requirements of a public company all fall upon Roger Renken, our ~~sole~~ officer and director. While he has business experience, including management and accounting, he does not have experience in a public company setting, including serving as a principal accounting officer or principal financial officer. We We have not formulated a plan to resolve any possible conflict of interest with his other business activities. In the event he is is unable to fulfill any aspect of his duties to the company, we may experience a shortfall or complete lack of sales resulting in in little or no profits and eventual closure of the business.

Since we are an exploration stage company, have generated no revenues and lack an operating history, an investment in our securities is highly risky and could result in a complete loss of your investment if we are unsuccessful in our business plans.

Our company was incorporated in the State of Nevada; we have not yet commenced our business operations; and we have not yet realized any revenues. We have no operating history upon which an evaluation of our future prospects can be made. Based upon current plans, we expect to incur operating losses in future periods as we incur significant expenses associated with the initial startup of our business. Further, we cannot guarantee that we will be successful in realizing revenues or in achieving or sustaining positive cash flow at any time in the future. Any such failure could result in the possible closure of our business or force us to seek additional capital through loans or additional sales of our equity securities to continue business operations, which would dilute the value of any securities you may purchase in our company.

We cannot predict when or if we will produce revenues, which could result in a total loss of any investment you make in our securities if we are unsuccessful in our business plans.

We have not yet implemented our business plans or generated any revenues from operations. In order for us to continue with our plans and implement our business plans, we must raise our initial capital through the sale of all of the shares in our initial public offering. The timing of the completion of the milestones needed to commence operations and generate revenues is contingent on the success of the offering. There can be no assurance that we will generate revenues or that revenues will be sufficient to maintain our business. As a result, you could lose all of your investment if you decide to purchase our shares and we are not successful in our proposed business plans.

Our continued operations depend on our ability to recover precious metals, process them, and successfully sell them for more than the cost of production.

The success of this process depends on the market prices of metals in relation to our costs of production. We may not always be able to generate a profit on the sale of gold or other minerals because we can only maintain a level of control over our costs and have no ability to control market prices. The total cash costs of production at any location are frequently subject to great variation from year to year as a result of a number of factors, such as the changing composition of ore grade or mineralized material production and metallurgy and exploration activities in response to the physical shape and location of the ore body or deposit. In addition, costs are affected by the price of commodities, such as fuel and electricity. Such commodities are at times subject to volatile price movements, including increases that could make production at certain operations less profitable. A material increase in production costs or a decrease in the price of gold or other minerals could adversely affect our ability to earn a profit on the sale of gold or other minerals, which would result in a failure of our business and a loss of any investment you make in our securities.

and have no ability to control market prices. The total cash costs of production at any location are frequently subject to great variation from year to year as a result of a number of factors, such as the changing composition of ore grade or mineralized material production and metallurgy and exploration activities in response to the physical shape and location of the ore body or deposit. In addition, costs are affected by the price of commodities, such as fuel and electricity. Such commodities are at times subject to volatile price movements, including increases that could make production at certain operations less profitable. A material increase in production costs or a decrease in the price of gold or other minerals could adversely affect our ability to earn a profit on the sale of gold or other minerals, which would result in a failure of our business and a loss of any investment you make in our securities.

The use of hedging instruments may not prevent losses being realized on subsequent price decreases or may prevent gains being realized from subsequent price increases.

We may from time to time sell some future production of gold pursuant to hedge positions. If the gold price rises above the price at which future production has been committed under these hedge instruments, we will have an opportunity loss. However, if the gold price falls below that committed price, our revenues will be protected to the extent of such committed production. In addition, we may experience losses if hedge counterparty defaults under a contract when the contract price exceeds the gold price. As of the date of filing of this report, we have no open hedge positions.

Since our business consists of exploring for or acquiring gold prospects, the drop in the price of gold will negatively affect our asset values, cash flows, potential revenues and profits.

We plan to pursue opportunities to acquire properties with gold mineralized material or reserves with exploration potential. The price that we pay to acquire these properties will be influenced, in large part, by the price of gold at the time of the acquisition. Our potential future revenues are expected to be derived from the production and sale of gold from these properties or from the sale of some of these properties. The value of any gold reserves and other mineralized material, and the value of any potential mineral production there from, will vary in direct proportion to variations in those mineral prices. The price of gold has fluctuated widely as a result of numerous factors beyond our control. The effect of these factors on the price of gold, and therefore the economic viability of any of our projects, cannot accurately be predicted. Any drop in the price of gold would negatively affect our asset values, cash flows, and potential revenues and profits.

We compete with other mineral exploration and mining companies.

We compete with other mineral exploration and mining companies or individuals, including large, established mining companies with substantial capabilities and financial resources, to acquire rights to mineral properties containing gold and other minerals. There is a limited supply of desirable mineral lands available for claim staking, lease, or other acquisition. There can be no assurance that we will be able to acquire mineral properties against competitors with substantially greater financial resources than we have.

The loss of the services of Mr. Renken could severely impact our business operations and future development of our mining operations, which could result in a loss of revenues and your ability to ever sell any of our securities.

Our performance is substantially dependent upon the professional expertise of our President, Roger Renken. Mr. Renken has extensive contacts and experience in the gold exploration and natural resource industry and we are dependent on his abilities to develop and market our business. If he were unable to perform his services, this loss of the services could have an adverse effect on our business operations, financial condition and operating results if we are unable to replace him with another individual qualified to develop and market our product. The loss of his services could result in a loss of revenues, which could result in a reduction of the value of any shares you purchase in this offering.

We are subject to the many risks of doing business internationally, including but not limited to the difficulty of enforcing liabilities in foreign jurisdictions.

We are a Nevada corporation and, as such, are subject to the jurisdiction of the State of Nevada and the United States courts for purposes of any lawsuit, action or proceeding by investors herein. An investor would have the ability to effect service of process in any action on the company within the United States. In addition, we are registered as a foreign corporation doing business in Papua New Guinea and are subject to the local laws of Papua New Guinea governing investors’ ability to bring actions in foreign courts and enforce liabilities against a foreign private issuer, or any person, based on U.S. federal securities laws. Generally, a final and conclusive judgment obtained by investors in U.S. courts would be recognized and enforceable against us in the Papua New Guinea courts having jurisdiction without reexamination of the merits of the case.

We do business in a country that is subject to a high degree of political risk and may be subject to terrorist acts.

Papua New Guinea is a country subject to a relatively high degree of political risk. In February 1995, for example, EFIC of the Commonwealth of Australia downgraded Papua New Guinea to the "D" political risk category, which is its category of highest risk. Our entitlement to potential properties located in Papua New Guinea is subject to political, economic and other uncertainties, including the risk of civil rebellion, expropriation, nationalization, renegotiation or nullification of existing contracts, mining licenses and permits or other agreements, changes in laws or taxation policies, currency exchange restrictions, changing political conditions and international monetary fluctuation. Future Papua New Guinea Government actions concerning the economy or the operation and regulation of nationally important facilities such as mines could have a significant effect on our prospective properties. No assurances can be given that we or any future properties will not be adversely affected by future developments in Papua New Guinea.

Because we operate in a foreign country, our business is subject to foreign currency fluctuations and risks which could severely impact our revenues and results of operations.

A portion of our business will be conducted in a currency other than the U.S. Dollar, however, the Papua New Guinea Kina has traded in a fairly narrow range over the past several years, so we currently only have limited exposure to exchange rate fluctuations. At some point in the future, the exchange rate could fluctuate substantially more which would cause us exposure to exchange rate risk, as our profits would then be subject to exchange rate fluctuations. Any broad-based regional currency crisis - possibly caused by a revaluation of the Papua New Guinea Kina- could cause a major shift in the exchange rate, as could a dramatic collapse of the U.S. dollar.

If in the future, there are much wider fluctuations in the exchange rate, we may attempt to reduce our transaction and translation gains and losses associated with converting foreign currency into U.S. Dollars by entering into foreign exchange forward contracts to hedge certain transaction and translation exposures. Terrorism is a threat throughout the world. Attacks can happen without warning any time and in any place in the world. Statements by international terrorist groups have called for attacks against Western interest in various regions around the world. We continue to receive reports that terrorists are planning attacks including against places frequented by foreigners. Papua New Guinea condemns, in the strongest possible terms, all actions of terrorism and will cooperate and assist each other in the fight against terrorism, in order to secure and facilitate trade and investment liberalization, and economic growth in the region.

Resource exploration and development is a speculative business and involves a high degree of risk.

Resource exploration and development is a speculative business and involves a high degree of risk. The marketability of natural resources, which may be acquired or discovered by the Issuer, will be affected by numerous factors beyond our control. These factors include, but are not limited to, market fluctuations, the proximity and capacity of natural resource markets, and processing equipment and government regulations, including regulations relating to prices, taxes, royalties, land tenure, land use, importing and exporting of minerals and environmental protection. Hazards such as unusual or unexpected mineral formations and other conditions are involved. We may become subject to liability for pollution or other environmental contamination, cave-ins or hazards against which it cannot insure or against which it may elect not to insure. The payment of such liabilities could have a material, adverse effect on our financial position. The exact effect of these factors cannot be accurately predicted, but the combination of these factors may result in us not receiving an adequate return on invested capital. None of our prospective properties have a proven commercial body of ore and the programs being conducted on such properties and intended to be conducted in the future constitute feasibility studies on defined mineralization and exploratory searches for mineral resources. While the rewards to an investor can be substantial if an economically viable discovery is made, few properties which are explored are ultimately developed into producing mines. If our exploration programs are not successful, investors in our securities may lose their investments.

contamination, cave-ins or hazards against which it cannot insure or against which it may elect not to insure. The payment of such liabilities could have a material, adverse effect on our financial position. The exact effect of these factors cannot be accurately predicted, but the combination of these factors may result in us not receiving an adequate return on invested capital. None of our prospective properties have a proven commercial body of ore and the programs being conducted on such properties and intended to be conducted in the future constitute feasibility studies on defined mineralization and exploratory searches for mineral resources. While the rewards to an investor can be substantial if an economically viable discovery is made, few properties which are explored are ultimately developed into producing mines. If our exploration programs are not successful, investors in our securities may lose their investments.

The development and operation of our mining projects involve numerous uncertainties.

Mine development projects, including our planned projects, typically require a number of years and significant expenditures during the exploration stage before production is possible.

Development projects are subject to the completion of successful feasibility studies, issuance of necessary governmental permits and receipt of adequate financing. The economic feasibility of development projects is based on many factors such as:

	·	estimation of reserves;
	·	anticipated metallurgical recoveries;
	·	future mineral prices; and
	·	anticipated capital and operating costs of such projects.

Estimates of proven and probable reserves and operating costs determined in feasibility studies are based on geologic and engineering analyses. Any of the following events, among others, could affect the profitability or economic feasibility of a project:

	·	unanticipated changes in grade and tonnage of ore to be mined and processed;
	·	unanticipated adverse geotechnical conditions;
	·	incorrect data on which engineering assumptions are made;
	·	costs of constructing and operating a mine in a specific environment;
	·	availability and cost of processing and refining facilities;
	·	availability of economic sources of power;
	·	adequacy of water supply;
	·	adequate access to the site;
	·	unanticipated transportation costs;
	·	government regulations (including regulations relating to prices, royalties, duties, taxes, restrictions on production, quotas on exportation of minerals, as well as the costs of protection of the environment and agricultural lands);
	·	fluctuations in mineral prices; and
	·	accidents, labor actions and force majeure events.

Any of the above-referenced events may necessitate significant capital outlays or delays, may materially and adversely affect the economics of a given property, or may cause material changes or delays in our intended exploration, development and production activities. Any of these results could force us to curtail or cease our business operations.

Estimates of mineral reserves and of mineralized material are inherently forward-looking statements, subject to error, which could force us to curtail or cease our business operations.

Estimates of mineral reserves and of mineralized material are inherently forward-looking statements subject to error. Although estimates of proven and probable reserves are made based on a high degree of assurance in the estimates at the time the estimates are made, unforeseen events and uncontrollable factors can have significant adverse impacts on the estimates. Actual conditions will inherently differ from estimates. The unforeseen adverse events and uncontrollable factors include: geologic uncertainties including inherent sample variability, metal price fluctuations, fuel price increases, variations in mining and processing parameters, and adverse changes in environmental or mining laws and regulations. The timing and effects of variances from estimated values cannot be predicted.

· Geologic Uncertainty and Inherent Variability: Although the estimated reserves and additional mineralized material have been delineated with appropriately spaced drilling to provide a high degree of assurance in the continuity of the mineralization, there is inherent variability between duplicate samples taken adjacent to each other and between sampling points that cannot be reasonably eliminated. There may also be unknown geologic details that have not been identified or correctly appreciated at the current level of delineation. This results in uncertainties that cannot be reasonably eliminated from the estimation process. Some of the resulting variances can have a positive effect and others can have a negative effect on mining operations. Acceptance of these uncertainties is part of any mining operation.9

10Actual conditions will inherently differ from estimates. The unforeseen adverse events and uncontrollable factors include: geologic uncertainties including inherent sample variability, metal price fluctuations, fuel price increases, variations in mining and processing parameters, and adverse changes in environmental or mining laws and regulations. The timing and effects of variances from estimated values cannot be predicted.

· Metal Price Variability: The prices for gold, silver, and copper fluctuate in response to many factors beyond anyone's ability to predict. The prices used in making the reserve estimates are disclosed and differ from daily prices quoted in the news media. The percentage change in the price of a metal cannot be directly related to the estimated reserve quantities, which are affected by a number of additional factors. For example, a ten percent (10%) change in price may have little impact on the estimated reserve quantities and affect only the resultant positive cash flow, or it may result in a significant change in the amount of reserves. Because mining occurs over a number of years, it may be prudent to continue mining for some period during which cash flows are temporarily negative for a variety of reasons including a belief that the low price is temporary and/or the greater expense incurred in closing a property permanently.

Geologic Uncertainty and Inherent Variability: Although the estimated reserves and additional mineralized material have been delineated with appropriately spaced drilling to provide a high degree of assurance in the continuity of the mineralization, there is inherent variability between duplicate samples taken adjacent to each other and between sampling points that cannot be reasonably eliminated. There may also be unknown geologic details that have not been identified or correctly appreciated at the current level of delineation. This results in uncertainties that cannot be reasonably eliminated from the estimation process. Some of the resulting variances can have a positive effect and others can have a negative effect on mining operations. Acceptance of these uncertainties is part of any mining operation.

Metal Price Variability: The prices for gold, silver, and copper fluctuate in response to many factors beyond anyone's ability to predict. The prices used in making the reserve estimates are disclosed and differ from daily prices quoted in the news media. The percentage change in the price of a metal cannot be directly related to the estimated reserve quantities, which are affected by a number of additional factors. For example, a ten percent (10%) change in price may have little impact on the estimated reserve quantities and affect only the resultant positive cash flow, or it may result in a significant change in the amount of reserves. Because mining occurs over a number of years, it may be prudent to continue mining for some period during which cash flows are temporarily negative for a variety of reasons including a belief that the low price is temporary and/or the greater expense incurred in closing a property permanently.

Fuel Price Variability: The cost of fuel can be a major variable in the cost of mining; one that is not necessarily included in the contract mining prices obtained from mining contractors but is passed on to the overall cost of operation. Future fuel prices and their impact are difficult to predict, but could force us to curtail or cease our business operations.

Variations in Mining and Processing Parameters: The parameters used in estimating mining and processing efficiency are based on testing and experience with previous operations at the properties or on operations at similar properties. While the parameters used have a reasonable basis, various unforeseen conditions can occur that may materially affect the estimates. In particular, past operations indicate that care must be taken to ensure that proper ore grade control is employed and that proper steps are taken to ensure that the leaching operations are executed as planned. The mining contracts for the mines include clauses addressing these issues to help ensure planned requirements are met. Nevertheless, unforeseen difficulties may occur in planned operations, which would force us to curtail or cease our business operations.

Changes in Environmental and Mining Laws and Regulations: The Company believes that it currently complies with existing environmental and mining laws and regulations affecting its operations. The reserve estimates contain cost estimates based on requirements compliance with current laws and regulations. While there are no currently known proposed changes in these laws or regulations, significant changes have affected past operations and additional changes may occur in the future.

The price of gold is highly volatile and a decrease in the price of gold can have a material adverse effect on our business.

The profitability of gold mining operations is directly related to the market prices of gold. The market prices of gold can fluctuate significantly and is affected by a number of factors beyond our control, including, but not limited to, the rate of inflation, the exchange rate of the dollar to other currencies, interest rates, and global economic and political conditions. Price fluctuations of gold from the time of development of a mine is undertaken and the time production can commence can significantly affect the profitability of a mine.

Accordingly, we may begin to develop one or more of our mines at a time when the price of gold makes such exploration economically feasible and, subsequently, incur losses because the price of gold decreases.

Adverse fluctuations of the market prices of gold may force us to curtail or cease our business operations.

Mining risks and insurance could have an adverse effect on our profitability.

The business of mining for gold and other metals is generally subject to a number of risks and hazards including environmental hazards, industrial accidents, labor disputes, unusual or unexpected geological conditions, pressures, cave-ins, changes in the regulatory environment and natural phenomena such as inclement weather conditions, floods, blizzards and earthquakes. At the present time, we do not intend to obtain insurance coverage and even if we were to do so, no assurance can be given that such insurance will continue to be available or that it will be available at economically feasible premiums. Insurance coverage may not continue to be available or may not be adequate to cover any resulting liability. Moreover, insurance against risks such as environmental pollution or other hazards as a result of exploration and production is not generally available to companies in the mining industry on acceptable terms. We might also become subject to liability for pollution or other hazards which may not be insured against or which we may elect not to insure against because of premium costs or other reasons. Losses from these events may cause us to incur significant costs that could have a material adverse effect upon our financial performance and results of operations. Mining operations will be subject to risks normally encountered in the mining business.

Risks related to our common stock

We cannot assure a public market for our common stock.

There is currently no public trading market for our securities and there is no guarantee that a regular and established market will develop for our common stock or that, if such a market does develop, it will continue. There is also no assurance as to the depth of liquidity of any market for common stock or the prices at which holders may be able to sell any shares they may own in our company. As a result, an investment in our securities may be totally illiquid and investors may not be able to liquidate their investment readily, or at all. In the event that an established public market does develop for our common stock, market prices will be influenced by many factors, and will be subject to significant fluctuation in response to variations in our operating results and other factors such as investor perceptions of our company, supply and demand, interest rates, general economic conditions and those specific to the industry and developments regarding our activities, future financial condition and management.

Issuance of additional shares will reduce the control held by the investors and result in dilution of the book value of their shares.

The issuance of any additional shares of our common stock will reduce the amount of control held by our current stockholder and may result in a dilution of the book value of the shares they own. There are presently no commitments, contracts or intentions to issue any additional shares to any persons.

Penny Stock Rules could result in the possible inability to sell any of our securities in a secondary market.

Rule 3a5-1 of the Securities Exchange Act of 1934 (the "Exchange Act") defines a "penny stock" as an equity security that is not, among other things: a) a ~~reported~~ reported security (i.e., listed on certain national securities exchanges); b) a security registered or approved for registration and traded on a national securities exchange that meets certain guidelines, where the trade is effected through the facilities of that national exchange; c) a security listed on NASDAQ; d) a security of an issuer that meets certain minimum financial requirements, i.e., "net tangible assets" in excess of $8,000,000 (if the issuer has been continuously operating for less than three years) or $5,000,000 (if the issuer has been continuously operating for more than three years), or "average revenue" of at least $6,000,000 for the last three years); or e) a security with a price of at least $5.00 per share for the transaction in question or that has a bid quotation (as defined in the Rule) of at least $5.00 per share. Under Rule 3a5-1, our

1211

~~3a5-1, our~~ Company's Common Stock offered herein falls within the definition of a "penny stock." Accordingly, trading in our securities is subject to the requirements of Rule 15g-9 and Section 15(g) under the Exchange Act. Rule 15g-9 imposes additional sales practice requirements on broker-dealers who sell non-exempt securities to persons other than established customers. For transactions covered by the rule, the broker-dealer must make a special suitability determination for the purchaser and receive the purchaser's written agreement to the transaction prior to the sale. Pursuant to Section 15(g) and related Rules, brokers and/or dealers, prior to effecting a transaction in a penny stock, will be required to provide investors with written disclosure documents containing information concerning various aspects involved in the market for penny stocks as well as specific information about the penny stock and the ~~transaction~~ transaction involving the purchase and sale of that stock (e.g., price quotes and broker-dealer and associated person compensation). Subsequent to the transaction, the broker will be required to deliver monthly or quarterly statements containing specific ~~information~~ information about the penny stock. The foregoing requirements will most likely negatively affect the ability of purchasers herein to sell their shares in the secondary market.

Potential future sales pursuant to Rule 144 could have a depressive effect on the price of our common stock.

Any future sales of our common stock held by our officers, directors and/or principal shareholders could have a depressive effect on the price of our common stock in any public market which may develop, assuming there is such a market, of which there can be no assurance.

However, these securities may only be sold in compliance with Rule 144 which provides, in essence, that officers and directors and others holding restricted securities (such as those described above) may each sell, in brokerage transactions, an amount equal to 1% of our Company’s total outstanding Common Stock every three (3) months. In addition, Rule 144 provides that shares must not be sold until they have been held for a period of at least one (1) year from the date they were fully paid for. The possible sale of these restricted securities under Rule 144 may, in the future, have a depressive effect on the price of our common stock in any public market which may develop, assuming there is such a market, of which there can be no assurance. Furthermore, persons holding restricted securities for two (2) years who are not "affiliates" of our Company, as that term is defined in Rule 144, may sell their securities pursuant to Rule 144 without any restrictions and/or limitations on the number of shares sold, assuming there is such a market, of which there can be no assurance. A total of 34,000,000 shares have been issued to our existing stockholder, and are restricted securities, as that term is defined in Rule 144 of the Rules and Regulations of the SEC promulgated under the Act. Under Rule 144, such shares can be publicly sold, subject to volume restrictions and certain restrictions on the manner of sale, commencing six months after their acquisition. Any sale of shares held by the existing stockholder (after applicable restrictions expire) and/or the sale of shares purchased in this offering (which would be immediately resalable after the offering), may have a depressive effect on the price of our common stock in any market that may develop, of which there can be no assurance.

No cash dividends have been or will be paid on our common stock.

No cash dividends have been declared or paid on the shares of our common stock to date, nor is it anticipated that any such dividends will be declared or paid to stockholders in the foreseeable future. It is currently anticipated that any income received from operations will be reinvested and devoted to our future operations and/or to expansion.

ITEM 1B. UNRESOLVED STAFF COMMENTS

None.

13ITEM 2. DESCRIPTION OF PROPERTIES

~~ITEM~~We 2.do ~~DESCRIPTION~~not OFcurrently ~~PROPERTIES~~own any property.

~~We do not currently own any property.~~ 12

ITEM 3. LEGAL PROCEEDINGS

We are not a party to any material legal proceedings and, to the best of our knowledge, there is no material litigation pending or threatened against us.

~~PART~~ITEM II4. MINE SAFETY DISCLOSURE

~~ITEM 5~~None. ~~MARKET FOR THE REGISTRANT’S COMMON STOCK AND RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF COMMON STOCK~~

~~Our~~PART ~~common stock is not listed for trading on any public stock exchange. As a result, no table with trading volume and closing price history is included in this report.~~ II

Our common stock is not listed for trading on any public stock exchange. ~~Common~~As ~~Stock~~a result, no table with trading volume and closing price history is included in this report. We currently have no outstanding stock options or warrants and no commitments or plans to issue any in the foreseeable future.

~~Our authorized capital stock consists of 150,000,000 shares of common stock,~~ ~~par~~Common value $0.001 per share. The holders of our common stock (i) have equal ratable rights to dividends from funds legally available therefor, when, as and if declared by our Board of Directors; (ii) are entitled to share ratably in all of our assets available for distribution to holders of common stock upon liquidation, dissolution or winding up of our affairs; (iii) do not have preemptive, subscription or conversion rights and there are no redemption or sinking fund provisions or rights; and (iv) are entitled to one non-cumulative vote per share on all matters on which stockholders may vote.Stock

~~Non~~Our authorized capital stock consists of 150,000,000 shares of common stock, par value $0.001 per share. The holders of our common stock (i) have equal ratable rights to dividends from funds legally available therefor, when, as and if declared by our Board of Directors; (ii) are entitled to share ratably in all of our assets available for distribution to holders of common stock upon liquidation, dissolution or winding up of our affairs; (iii) do not have preemptive, subscription or conversion rights and there are no redemption or sinking fund provisions or rights; and (iv) are entitled to one non-cumulative vote ~~Voting~~per share on all matters on which stockholders may vote.

~~Holders of shares of our common stock do not have~~ Non-cumulative voting rights, which means that the holders of more than 50% of the outstanding shares, voting for the election of directors, can elect all of the directors to be elected, if they so choose, and, in such event, the holders of the remaining shares will not be able to elect any of our directorsVoting

~~Dividends~~Holders of shares of our common stock do not have cumulative voting rights, which means that the holders of more than 50% of the outstanding shares, voting for the election of directors, can elect all of the directors to be elected, if they so choose, and, in such event, the holders of the remaining shares will not be able to elect any of our directors.

~~We have not declared or paid cash or other dividends on our common stock since inception. We currently have no plans to pay any dividends, although we may do so if our financial position changes.~~Dividends

~~Reports~~We have not declared or paid cash or other dividends on our common stock since inception. We currently have no plans to pay any dividends, although we may do so if our financial position changes.

We are subject to certain reporting requirements and will furnish annual financial reports to our stockholders, certified by our independent accountants, and will furnish un-audited quarterly financial reports in our quarterly reports filed electronically with the SEC. All reports and information filed by us can be found at the SEC website, www.sec.gov.Reports

14We are subject to certain reporting requirements and will furnish annual financial reports to our stockholders, certified by our independent accountants, and will furnish un-audited quarterly financial reports in our quarterly reports filed electronically with the SEC. All reports and information filed by us can be found at the SEC website, www.sec.gov.

Stock Transfer Agent

We have appointed West Coast Stock Transfer as our Transfer Agent. West Coast’s offices are located at 2010 Hancock St. Ste A, San Diego, CA 92110 (619) 664-4780.

~~Recent Sales of Unregistered Securities~~13

We Recent ~~had~~Sales ~~no sales~~ of ~~unregistered~~Unregistered ~~securities during the fiscal year ended June 30, 2011.~~Securities

~~ITEM~~We 6.had ~~SELECTED~~no ~~FINANCIAL~~sales ~~DATA~~of unregistered securities during the fiscal year ended June 30, 2012.

WeITEM ~~are a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and are not required to provide the information required under this item~~6. ~~Please~~SELECTED ~~see~~FINANCIAL ~~our audited financial statements included in this annual report on Form 10-K for detailed financial information.~~DATA

~~ITEM~~We 7.are ~~MANAGEMENT'S~~a ~~DISCUSSION~~smaller ~~AND~~reporting ~~ANALYSIS~~company OFas ~~FINANCIAL~~defined ~~CONDITION~~by ~~AND~~Rule 12b-2 of ~~RESULTS~~the OFExchange ~~OPERATIONS~~Act and are not required to provide the information required under this item. Please see our audited financial statements included in this annual report on Form 10-K for detailed financial information.

~~The~~ITEM ~~following~~7. ~~discussion~~MANAGEMENT'S ~~should~~DISCUSSION beAND ~~read~~ANALYSIS inOF ~~conjunction~~FINANCIAL ~~with~~CONDITION ~~the~~AND ~~audited~~RESULTS ~~financial statements~~OF ~~and notes thereto included at the end of this annual report.~~OPERATIONS

~~THIS~~The ~~ANNUAL~~following ~~REPORT,~~discussion ~~INCLUDING~~should ~~THE~~be ~~FOLLOWING~~read ~~MANAGEMENT'S~~in ~~DISCUSSION~~conjunction ~~AND ANALYSIS,~~with ~~AND~~the ~~OTHER~~audited ~~REPORTS~~financial ~~FILED BY THE REGISTRANT FROM TIME TO TIME WITH THE SECURITIES AND EXCHANGE COMMISSION (COLLECTIVELY~~statements ~~THE~~and ~~"FILINGS")~~notes ~~CONTAIN~~thereto ~~FORWARD-LOOKING~~included ~~STATEMENTS~~at ~~WHICH~~the ~~ARE~~end ~~INTENDED~~of TOthis ~~CONVEY~~annual ~~OUR EXPECTATIONS OR PREDICTIONS REGARDING THE OCCURRENCE OF POSSIBLE FUTURE EVENTS OR THE EXISTENCE OF TRENDS AND FACTORS THAT MAY IMPACT OUR FUTURE PLANS AND OPERATING RESULTS~~report. THESE FORWARD-LOOKING STATEMENTS ARE DERIVED, IN PART, FROM VARIOUS ASSUMPTIONS AND ANALYSES WE HAVE MADE IN THE CONTEXT OF OUR CURRENT BUSINESS PLAN AND INFORMATION CURRENTLY AVAILABLE TO US AND IN LIGHT OF OUR EXPERIENCE AND PERCEPTIONS OF HISTORICAL TRENDS, CURRENT CONDITIONS AND EXPECTED FUTURE DEVELOPMENTS AND OTHER FACTORS WE BELIEVE TO BE APPROPRIATE IN THE CIRCUMSTANCES. YOU CAN GENERALLY IDENTIFY FORWARD-LOOKING STATEMENTS THROUGH WORDS AND PHRASES SUCH AS "SEEK", "ANTICIPATE", "BELIEVE", "ESTIMATE", "EXPECT", "INTEND", "PLAN", "BUDGET", "PROJECT", "MAY BE", "MAY CONTINUE", "MAY LIKELY RESULT", AND SIMILAR EXPRESSIONS. WHEN READING ANY FORWARD-LOOKING STATEMENT YOU SHOULD REMAIN MINDFUL THAT ALL FORWARD-LOOKING STATEMENTS ARE INHERENTLY UNCERTAIN AS THEY ARE BASED ON CURRENT EXPECTATIONS AND ASSUMPTIONS CONCERNING FUTURE EVENTS OR FUTURE PERFORMANCE OF OUR COMPANY, AND ARE SUBJECT TO RISKS, UNCERTAINTIES, ASSUMPTIONS AND OTHER FACTORS RELATING TO OUR INDUSTRY AND RESULTS OF OPERATIONS, INCLUDING BUT NOT LIMITED TO THE FOLLOWING FACTORS:

THIS ANNUAL REPORT, INCLUDING THE FOLLOWING MANAGEMENT'S DISCUSSION AND ANALYSIS, AND OTHER REPORTS FILED BY THE REGISTRANT FROM TIME TO TIME WITH THE SECURITIES AND EXCHANGE COMMISSION (COLLECTIVELY THE "FILINGS") CONTAIN FORWARD- ~~WHETHER~~LOOKING STATEMENTS WHICH ARE INTENDED TO CONVEY OUR EXPECTATIONS OR PREDICTIONS REGARDING THE ~~ALTERNATIVE~~OCCURRENCE OF POSSIBLE ~~ENERGY~~FUTURE ~~FOR~~EVENTS OR THE EXISTENCE OF TRENDS AND FACTORS THAT MAY IMPACT OUR ~~PRODUCTS~~FUTURE ~~CONTINUES~~PLANS AND OPERATING RESULTS. THESE FORWARD-LOOKING STATEMENTS ARE DERIVED, IN PART, FROM VARIOUS ASSUMPTIONS AND ANALYSES WE HAVE MADE IN THE CONTEXT OF OUR CURRENT BUSINESS PLAN AND INFORMATION CURRENTLY AVAILABLE TO ~~GROW~~US AND, IFIN ITLIGHT ~~DOES~~OF OUR EXPERIENCE AND PERCEPTIONS OF HISTORICAL TRENDS, CURRENT CONDITIONS AND EXPECTED FUTURE DEVELOPMENTS AND OTHER FACTORS WE BELIEVE TO BE APPROPRIATE IN THE ~~PACE~~CIRCUMSTANCES. ATYOU ~~WHICH~~CAN ITGENERALLY IDENTIFY FORWARD-LOOKING STATEMENTS THROUGH WORDS AND PHRASES SUCH AS "SEEK", "ANTICIPATE", "BELIEVE", "ESTIMATE", "EXPECT", "INTEND", "PLAN", "BUDGET", "PROJECT", "MAY ~~GROW;~~BE", "MAY CONTINUE", "MAY LIKELY RESULT", AND SIMILAR EXPRESSIONS. WHEN READING ANY FORWARD-LOOKING STATEMENT YOU SHOULD REMAIN MINDFUL THAT ALL FORWARD-LOOKING STATEMENTS ARE INHERENTLY UNCERTAIN AS THEY ARE BASED ON CURRENT EXPECTATIONS AND ASSUMPTIONS CONCERNING FUTURE EVENTS OR FUTURE PERFORMANCE OF OUR COMPANY, AND ARE SUBJECT TO RISKS, UNCERTAINTIES, ASSUMPTIONS AND OTHER FACTORS RELATING TO OUR INDUSTRY AND RESULTS OF OPERATIONS, INCLUDING BUT NOT LIMITED TO THE FOLLOWING FACTORS:

- WHETHER THE ALTERNATIVE ENERGY FOR OUR ~~ABILITY~~PRODUCTS CONTINUES TO ~~ATTRACT~~ GROW AND, ~~RETAIN~~IF IT DOES, THE ~~PERSONNEL~~PACE ~~QUALIFIED~~AT TOWHICH ~~IMPLEMENT~~IT ~~OUR~~MAY ~~GROWTH STRATEGIES,~~GROW;

- OUR ABILITY TO ~~OBTAIN APPROVAL~~ATTRACT ~~FROM~~AND ~~GOVERNMENT~~RETAIN ~~AUTHORITIES~~THE ~~FOR~~PERSONNEL QUALIFIED TO IMPLEMENT OUR ~~PRODUCTS;~~GROWTH STRATEGIES,

15- OUR ABILITY TO OBTAIN APPROVAL FROM GOVERNMENT AUTHORITIES FOR OUR PRODUCTS;

- OUR ABILITY TO PROTECT THE PATENTS ON OUR PROPRIETARY TECHNOLOGY;

- OUR ABILITY TO FUND OUR SHORT-TERM AND LONG-TERM FINANCING NEEDS;

- OUR ABILITY TO COMPETE AGAINST LARGE COMPETITORS IN A RAPIDLY CHANGING MARKET;

- CHANGES IN OUR BUSINESS PLAN AND CORPORATE STRATEGIES; AND

- OTHER RISKS AND UNCERTAINTIES DISCUSSED IN GREATER DETAIL IN VARIOUS SECTIONS OF THIS REPORT.

SHOULD ONE OR MORE OF THESE RISKS OR UNCERTAINTIES MATERIALIZE, OR SHOULD THE UNDERLYING ASSUMPTIONS PROVE INCORRECT, ACTUAL RESULTS MAY DIFFER SIGNIFICANTLY FROM THOSE ANTICIPATED, BELIEVED, ESTIMATED, EXPECTED, INTENDED OR PLANNED. EACH FORWARD-LOOKING STATEMENT SHOULD BE READ IN CONTEXT WITH, AND WITH AN UNDERSTANDING OF, THE VARIOUS OTHER DISCLOSURES CONCERNING OUR COMPANY AND OUR BUSINESS MADE IN OUR FILINGS. YOU SHOULD NOT PLACE UNDUE RELIANCE ON ANY FORWARD-LOOKING STATEMENT AS A PREDICTION OF ACTUAL RESULTS OR DEVELOPMENTS. WE ARE NOT OBLIGATED TO UPDATE OR REVISE ANY FORWARD-LOOKING STATEMENT CONTAINED IN THIS REPORT TO REFLECT NEW EVENTS OR CIRCUMSTANCES UNLESS AND TO THE EXTENT REQUIRED BY APPLICABLE LAW.

~~Results of Operations~~14

WeResults ~~are~~of ~~a start up, development stage mining company and have not yet generated any revenues from operations. From inception on April 11, 2007 to June 30, 2011, our total net loss is $67,524.~~Operations

~~Fiscal~~We ~~year~~are ~~ended~~a ~~June~~start 30up, ~~2011~~development ~~compared~~stage tomining ~~the~~company and have not ~~fiscal~~yet ~~year~~generated ~~ended~~any revenues from operations. From inception on April 11, 2007 to June 30, ~~2010~~2012, our total net loss is $90,939.

~~For~~Fiscal ~~the fiscal~~ year ended June 30, ~~2011,~~2012 ~~we incurred a net loss of $17,322, or $0.00 per share, as~~ compared to ~~a net loss of $12,942, or $0.00 per share, for~~ the fiscal year ended June 30, ~~2010.~~2011

WeFor ~~incurred total expenses of $17,322 for~~ the fiscal year ended June 30, ~~2011~~2012, aswe ~~compared~~incurred toa ~~total~~net ~~expenses~~ loss of $1223,~~942 for the fiscal year ended June 30~~415, ~~2010.~~or ~~We incurred total expenses of~~ $~~67,524~~0.00 ~~for~~per ~~the period from inception (April 11~~share, ~~2007)~~as compared to ~~June~~a ~~30,~~net ~~2011,~~loss ~~which consisted~~ of ~~general and administrative expenses~~$17, ~~including professional fees~~322, ~~rent~~or ~~and bank fees~~$0.00 ~~The~~per ~~majority~~share, offor ~~our expenses were incurred in connection with~~ the ~~preparation and~~fiscal ~~filing~~year ofended ~~our~~June ~~initial~~30, ~~public offering documents with the SEC~~2011.

~~Liquidity~~We incurred total expenses of $23,415 for the fiscal year ended June 30, 2012, as compared to total expenses of $17,322 for the fiscal year ended June 30, 2011. We incurred total expenses of $90,939 for the period from inception (April 11, 2007) to June 30, 2012, which consisted of general and ~~Capital~~administrative ~~Resources~~expenses, including professional fees, rent and bank fees. The majority of our expenses were incurred in connection with the preparation and filing of our initial public offering documents with the SEC.

WeLiquidity currently have $108,759 in cash in the bank; however, our principal stockholder, Magellan Global Fund, Ltd. (“Magellan”), has extended to us a line of credit in the amount of $20,000, of which we drew down $16,300. As of June 9, 2011 $16,000 of the line of credit has been repaid to Magellan, leaving a principal balance of $300, and ~~interest~~Capital ~~due of $983. The balance is due in full at December 31, 2011.~~Resources

~~Since~~As ~~inception~~of June 30, 2012, we have ~~used~~$19,061 ain ~~combination~~cash ofin ~~sales of our common stock and~~ the ~~line of credit to raise money for our operations~~bank. ~~Our stockholder's equity at June 30, 2011 was $107,476.~~

16Since inception, we have used a combination of sales of our common stock and the line of credit to raise money for our operations. Our stockholder's equity at June 30, 2012 was $84,061.

Our auditors have expressed the opinion that in our current state, there is substantial doubt about our ability to continue as a going concern. We do not currently have any stock options or warrants issued and/or outstanding. The Company has incurred losses since inception resulting in an accumulated deficit of $6790,~~524~~939 as of June 30, ~~2011~~2012 and further losses are anticipated in the development of its business raising substantial doubt about the Company’s ability to continue as a going concern. The ability to continue as a going concern is dependent upon the Company generating profit from operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand and loans from directors and/or private placement of common stock, however there is no assurance of additional funding in excess of current availability under the Company’s line of credit or on acceptable terms, if at all.

Off-Balance Sheet Arrangements

We have no off-balance sheet arrangements or contractual or commercial commitments.

ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

As a smaller reporting issuer (as defined in Item 10(f)(1) of Regulation S-K), we are not required to report quantitative and qualitative disclosures about market risk specified in Item 305 of Regulation S-K.

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

Immediately following are our audited financial statements and notes for the fiscal year ended June 30, ~~2011~~2012.

1715

De Joya Griffith & Company, LLC

~~2580~~CERTIFIED ~~Anthem~~PUBLIC ~~Village~~ACCOUNTANTS ~~Drive~~AND CONSULTANTS

~~Henderson,~~REPORT NVOF ~~89052~~INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

~~702.563.1600~~To ~~office~~the Board of Directors and Stockholders

~~702.920.8049~~Crater ~~facsimile~~Mountain Resources, Inc.

~~REPORT~~We OFhave ~~INDEPENDENT~~audited ~~REGISTERED~~the ~~PUBLIC~~accompanying ~~ACCOUNTING~~balance sheets of Crater Mountain ~~FIRM~~Resources, Inc. (An Exploration Stage Company) (the “Company”) as of June 30, 2012 and 2011 and the related statements of operations, stockholders’ equity (deficit) and cash flows for each of the years then ended and for the period from inception (April 11, 2007) through June 30, 2012. Crater Mountain Resources, Inc’s management is responsible for these financial statements. Our responsibility is to express an opinion on these financial statements based on our audits.

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

In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Crater Mountain Resources, Inc (An Exploration Stage Company) as of June 30, 2012 and 2011 and the results of its operations and its cash flows for each of the years then ended and for the period from inception (April 11, 2007) through June 30, 2012 in conformity with accounting principles generally accepted in the United States of America.

WeThe accompanying financial statements have ~~audited~~been prepared assuming the ~~accompanying~~Company ~~balance~~will ~~sheets~~continue ofas ~~Crater~~a ~~Mountain~~going ~~Resources, Inc~~concern. ~~(An~~As ~~Exploration~~discussed ~~Stage~~in ~~Company)~~Note as2 ofto ~~June~~the ~~30,~~financial ~~2011 and 2010~~statements, ~~and~~ the ~~related~~Company ~~statements~~has ofsuffered losses from operations, ~~stockholders’ equity~~which ~~(deficit),~~raise ~~and~~substantial ~~cash~~doubt ~~flows~~about ~~for~~its ~~the~~ability ~~years~~to ~~then~~continue ~~ended~~as ~~and~~a ~~from~~going ~~inception~~concern. ~~(April~~Management’s ~~11,~~plans ~~2007)~~in regard to ~~June~~these ~~30,~~matters ~~2011.~~are ~~Crater~~also ~~Mountain Resources,~~described ~~Inc.~~in ~~management~~Note is2. ~~responsible~~The ~~for these~~ financial statements. ~~Our~~do ~~responsibility~~not isinclude toany ~~express~~adjustments anthat ~~opinion~~might onresult ~~these~~from the ~~financial~~outcome ~~statements~~of ~~based~~this ~~on our audits~~uncertainty.

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

~~In our opinion~~Henderson, the financial statements referred to above present fairly, in all material respects, the financial position of Crater Mountain Resources, Inc. (An Exploration Stage Company) as of June 30, 2011 and 2010, and the results of its operations and its cash flows for the years then ended and from inception (April 11, 2007) to June 30, 2011 in conformity with accounting principles generally accepted in the United States of America.Nevada

~~The~~August ~~accompanying financial statements have been prepared assuming the Company will continue as a going concern. As discussed in Note 2 to the financial statements~~29, the Company has suffered recurring losses from operations, which raise substantial doubt about its ability to continue as a going concern. Management’s plans in regard to these matters are also described in Note 2. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.2012

De2580 ~~Joya~~Anthem ~~Griffith~~Village &Drive, ~~Company~~Henderson, ~~LLC~~NV 89052

~~/s/~~Telephone De(702) ~~Joya~~588-5960 Facsimile (702) ~~Griffith & Company, LLC~~588-5979

~~Henderson, Nevada~~16

~~September~~CRATER 21MOUNTAIN RESOURCES, ~~2011~~INC.

18(An Exploration Stage Company)

~~CRATER~~Financial ~~MOUNTAIN RESOURCES, INC.~~Statements

(AnExpressed ~~Exploration~~in ~~Stage~~U.S. ~~Company~~Dollars)

~~Balance~~June ~~Sheet~~30, 2012 and 2011

~~(Expressed in U.S. Dollars)~~17

~~(Audited)~~CRATER MOUNTAIN RESOURCES, INC.

			June 30,	June 30,
			2011	2010
			(audited)	(audited)
	ASSETS
CURRENT ASSETS
	Cash		$ 108,759	$ 1,265
		Total current assets	108,759	1,265
		TOTAL ASSETS	$ 108,759	$ 1,265
	LIABILITIES AND STOCKHOLDERS'(DEFICIT)
CURRENT LIABILITIES
		Line of credit	$ 300	$ 9,800
		Interest payable	983	267
		Total current liabilities	1,283	10,067
		TOTAL LIABILITIES	1,283	10,067
STOCKHOLDERS' EQUITY (DEFICIT)
	Common stock, $0.001 par value; 150,000,000
		shares authorized; 34,000,000 and 30,000,000 respectively shares issued and outstanding	34,000	30,000
	Additional paid-in-capital		141,000	11,400
	Deficit accumulated during the exploration stage		(67,524)	(50,202)
		Total stockholders' equity (deficit)	107,476	(8,802)
		TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY(DEFICIT)	$ 108,759	$ 1,265

(An Exploration Stage Company)

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

19(Expressed in U.S. Dollars)

~~CRATER MOUNTAIN RESOURCES, INC.~~(Audited)

(An Exploration Stage Company)


			June 30,	June 30,
			2012	2011

	ASSETS

CURRENT ASSETS
	Cash		$ 19,061	$ 108,759
	Prepaid expense		5,000	-
		Total current assets	24,061	108,759

	Investment, cost		60,000	-

		TOTAL ASSETS	$ 84,061	$ 108,759



	LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
		Line of credit-related party	$ -	$ 300
		Interest payable-related party	-	983

		Total current liabilities	-	1,283

		TOTAL LIABILITIES	-	1,283

STOCKHOLDERS' EQUITY
	Common stock, $0.001 par value; 150,000,000
		shares authorized; 34,000,000 and 34,000,000 shares issued and outstanding, respectively	34,000	34,000
	Additional paid-in-capital		141,000	141,000
	Deficit accumulated during the exploration stage		(90,939)	(67,524)

		Total stockholders' equity	84,061	107,476

		TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 84,061	$ 108,759

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

~~(Expressed in U.S. Dollars)~~18

~~(Audited)~~CRATER MOUNTAIN RESOURCES, INC.

			Year Ended	Year Ended	From inception (April 11, 2007)
			June 30,	June 30,	to June 30,
			2011	2010	2011
REVENUES			$ -	$ -	$ -
EXPENSES
	Selling, general and administrative		16,606	12,675	66,541
		Total expenses	16,606	12,675	66,541
OTHER EXPENSE
	Interest expense		716	267	983
		Total other expense	716	267	983
NET LOSS			$ (17,322)	$ (12,942)	$ (67,524)
NET LOSS PER SHARE - BASIC			$ -	$ -	$ -
WEIGHTED AVERAGE NUMBER OF
	SHARES OUTSTANDING-BASIC		31,000,000	30,000,000

(An Exploration Stage Company)

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

20(Expressed in U.S. Dollars)

~~CRATER MOUNTAIN RESOURCES, INC.~~(Audited)

(An Exploration Stage Company)

			Year ended	Year ended	From inception (April 11, 2007)
			June 30,	June 30,	to June 30,
			2012	2011	2012

REVENUES			$ -	$ -	$ -

EXPENSES
	Selling, general and administrative		18,408	16,606	84,949
	Professional fees-related party		5,000		5,000
		Total expenses	23,408	16,606	89,949

OTHER EXPENSE
	Interest expense		7	716	990
		Total other expense	7	716	990

NET LOSS			$ (23,415)	$ (17,322)	$ (90,939)

NET LOSS PER SHARE - BASIC			$ -	$ -

WEIGHTED AVERAGE NUMBER OF
	SHARES OUTSTANDING-BASIC		34,000,000	31,000,000

~~Statement~~The ofaccompanying ~~Changes~~notes inare ~~Stockholders'~~an ~~Equity~~integral ~~(Deficit)~~part of these financial statements.

~~(Expressed in U.S. Dollars)~~19

~~(Audited)~~CRATER MOUNTAIN RESOURCES, INC.

					Deficit
					accumulated
		Common stock		Additional	during the	Total
		Number of		paid-in	development	stockholders'
		shares	Amount	capital	stage	equity/(deficit)
Balance April 11, 2007		-	$ -	$ -	$ -	$ -
Common stock issued for
	cash, May 8, 2007
	at $0.001 per share	30,000,000	30,000	-	-	30,000
Net loss		-	-	-	(3,010)	(3,010)
Balance June 30, 2007		30,000,000	30,000	-	(3,010)	26,990
Contributed capital		-	-	4,200	-	4,200
Net loss		-	-	-	(19,220)	(19,220)
Balance June 30, 2008		30,000,000	30,000	4,200	(22,230)	11,970
Contributed capital		-	-	3,600	-	3,600
Net loss		-	-	-	(15,030)	(15,030)
Balance June 30, 2009		30,000,000	30,000	7,800	(37,260)	540
Contributed capital		-	-	3,600	-	3,600
Net loss		-	-	-	(12,942)	(12,942)
Balance June 30, 2010		30,000,000	30,000	11,400	(50,202)	(8,802)
Common stock issued for
	cash
	at $0.0325 per share	4,000,000	4,000	126,000		130,000
Contributed capital				3,600	-	3,600
Net loss		-	-	-	(17,322)	(17,322)
Balance June 30, 2011		34,000,000	$ 34,000	$ 141,000	$ (67,524)	$ 107,476

(An Exploration Stage Company)

~~The~~Statement ~~accompanying~~of ~~notes~~Changes ~~are~~in anStockholders' ~~integral~~Equity/ ~~part of these financial statements.~~(Deficit)

21(Expressed in U.S. Dollars)

~~CRATER MOUNTAIN RESOURCES, INC.~~(Audited)

(An Exploration Stage Company)

					Deficit
					accumulated
		Common stock		Additional	during the	Total
		Number of		paid-in	development	stockholders'
		shares	Amount	capital	stage	equity/(deficit)

Balance, inception April 11, 2007		-	$ -	$ -	$ -	$ -

Common stock issued for
	cash, May 8, 2007
	at $0.001 per share	30,000,000	30,000	-	-	30,000


Net loss		-	-	-	(3,010)	(3,010)

Balance June 30, 2007		30,000,000	30,000	-	(3,010)	26,990


Contributed capital		-	-	4,200	-	4,200


Net loss		-	-	-	(19,220)	(19,220)

Balance June 30, 2008		30,000,000	30,000	4,200	(22,230)	11,970


Contributed capital		-	-	3,600	-	3,600

Net loss		-	-	-	(15,030)	(15,030)

Balance June 30, 2009		30,000,000	30,000	7,800	(37,260)	540


Contributed capital		-	-	3,600	-	3,600

Net loss		-	-	-	(12,942)	(12,942)

Balance June 30, 2010		30,000,000	30,000	11,400	(50,202)	(8,802)

Common stock issued for
	cash
	at $0.0325 per share	4,000,000	4,000	126,000		130,000

Contributed capital				3,600	-	3,600

Net loss		-	-	-	(17,322)	(17,322)

Balance June 30, 2011		34,000,000	34,000	141,000	(67,524)	107,476


Net loss		-	-	-	(23,415)	(23,415)

Balance June 30, 2012		34,000,000	$ 34,000	$ 141,000	$ (90,939)	$ 84,061

~~Statements~~The accompanying notes are an integral part of ~~Cash~~these ~~Flows~~financial statements.

~~(Expressed in U.S. Dollars)~~20

~~(Audited)~~CRATER MOUNTAIN RESOURCES, INC.

					Year Ended	Year Ended	From inception (April 11, 2007)
					June 30,	June 30,	to June 30,
					2011	2010	2011
CASH FLOWS FROM OPERATING ACTIVITIES
	Net loss				$ (17,322)	$ (12,942)	$ (67,524)
	Adjustments to reconcile
	Changes in operating assets and liabilities:
		Increase in interest payable			716	267	983
				Net cash flows used in operating activities	(16,606)	(12,675)	(66,541)
CASH FLOWS FROM FINANCING ACTIVITIES
	Issuance of common stock				130,000	-	160,000
			Contributed capital for rent		3,600	3,600	15,000
	Increase in line of credit				(9,500)	9,800	300
				Net cash flows provided from financing activities	124,100	13,400	175,300
NET INCREASE IN CASH					107,494	725	108,759
CASH
		BEGINNING OF PERIOD			1,265	540	-
CASH
		END OF PERIOD			$ 108,759	$ 1,265	$ 108,759

(An Exploration Stage Company)

~~The~~Statements ~~accompanying notes are an integral part~~ of ~~these financial~~Cash ~~statements.~~Flows

22(Expressed in U.S. Dollars)

~~CRATER MOUNTAIN RESOURCES, INC.~~(Audited)

(AN EXPLORATION STAGE COMPANY)

					Year ended	Year ended	From inception (April 11, 2007)
					June 30,	June 30,	to June 30,
					2012	2011	2012

CASH FLOWS FROM OPERATING ACTIVITIES
	Net loss				$ (23,415)	$ (17,322)	$ (90,939)
	Adjustments to reconcile net loss to net
	cash used from operating activities:
			Contributed capital for rent		-	3,600	15,000
		Changes in operating assets and liabilities:
		(Increase) in prepaid expenses			(5,000)	-	(5,000)
		Increase (decrease) in interest payable			(983)	716	-

				Net cash flows used in operating activities	(29,398)	(13,006)	(80,939)

CASH FLOWS FROM INVESTING ACTIVITIES
	Purchase of investment, cost				(60,000)	-	(60,000)

				Net cash flows used in investing activities	(60,000)	-	(60,000)

CASH FLOWS FROM FINANCING ACTIVITIES
	Issuance of common stock				-	130,000	160,000
	Proceeds/ (repayment) of line of credit				(300)	(9,500)	-

				Net cash flows provided by (used in) financing activities	(300)	120,500	160,000

NET INCREASE (DECREASE) IN CASH					(89,698)	107,494	19,061

CASH
		BEGINNING OF YEAR			108,759	1,265	-

CASH
		END OF YEAR			$ 19,061	$ 108,759	$ 19,061

~~NOTES~~The TOaccompanying ~~FINANCIAL~~notes ~~STATEMENTS~~are an integral part of these financial statements.

~~JUNE 30, 2011 AND 2010~~21

~~(AUDITED)~~ CRATER MOUNTAIN RESOURCES, INC.

~~NOTE~~(AN 1EXPLORATION –STAGE ~~ORGANIZATION AND PURPOSE~~COMPANY)

~~Nature~~NOTES ofTO ~~Operations~~FINANCIAL STATEMENTS

~~Crater Mountain Resources, Inc.~~ (~~An Exploration Stage Company~~AUDITED) ~~(the “Company”) was incorporated under the laws of the State of Nevada on April 11, 2007. The principal office of the corporation is 4666 Mission Avenue, Suite 1, San Diego, CA 92116.~~

~~The~~NOTE ~~business~~1 ~~purpose~~– ofORGANIZATION ~~the~~AND ~~Company is the exploration and mining of precious metals, specifically gold, in Papua New Guinea.~~PURPOSE

ANature ~~Development~~of ~~Stage Company~~operations

~~The~~Crater ~~accompanying~~Mountain ~~financial statements have been prepared in accordance with the FASB ASC 915-10~~Resources, ~~"Development Stage Entities"~~Inc. A(An ~~development~~Exploration ~~stage~~Stage ~~enterprise is one~~Company) in(the ~~which~~“Company”) ~~planned~~was ~~principal~~incorporated ~~operations~~under ~~have~~the ~~not~~laws ~~commenced;~~of orthe ifState ~~its~~of ~~operations~~Nevada ~~have~~on ~~commenced~~April 11, ~~there~~2007. ~~have~~The ~~been~~principal nooffice ~~significant revenues derived there from. As~~ of ~~June 30, 2011,~~ the corporation ~~Company~~is ~~has~~4666 ~~not~~Mission ~~fully~~Avenue, ~~commenced~~Suite ~~nor~~1, ~~has~~San itDiego, ~~received~~CA ~~significant revenues from its planned principal operations~~92116.

The ~~accompanying~~business ~~unaudited~~purpose ~~financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information. Accordingly, they do not include all~~ of the ~~information~~Company ~~and~~is ~~footnotes~~the ~~required~~exploration ~~by generally accepted accounting principles for complete financial~~and ~~statements.~~mining Inof ~~the~~precious ~~opinion~~metals, ofspecifically ~~management~~gold, ~~all~~in ~~adjustments~~Papua ~~considered~~New ~~necessary for a fair presentation have been included~~Guinea. ~~All such adjustments are of a normal recurring nature.~~

~~NOTE~~An 2Exploration –Stage ~~SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES~~Company

~~Definition~~The accompanying financial statements have been prepared in accordance with the FASB ASC 915-10, "Development Stage Entities". An exploration stage enterprise is one in which planned principal operations have not commenced; or if its operations have commenced, there have been no significant revenues derived there from. As of ~~Fiscal~~June ~~Year~~30, 2012, the Company has not fully commenced nor has it received revenues from its planned principal operations.

The ~~Company’s~~accompanying ~~fiscal~~audited ~~year~~financial isstatements ~~June~~have 30been prepared in accordance with generally accepted accounting principles applicable in United States.

~~Going~~NOTE ~~Concern~~2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

~~The~~Definition ~~financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course~~ of ~~business~~Fiscal for the foreseeable future. The Company has incurred losses since inception resulting in an accumulated deficit of $67,524 as of June 30, 2011 and further losses are anticipated in the development of its business raising substantial doubt about the Company’s ability to continue as a going concern. The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to financeYear

23The Company’s fiscal year is June 30.

~~CRATER~~Going ~~MOUNTAIN RESOURCES, INC.~~Concern

~~(AN~~The ~~EXPLORATION~~financial ~~STAGE~~statements ~~COMPANY)~~have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has incurred losses since inception resulting in an accumulated deficit of $90,939 as of June 30, 2012

~~NOTES TO FINANCIAL STATEMENTS~~22

~~JUNE~~CRATER 30MOUNTAIN RESOURCES, ~~2011 AND 2010~~INC.

(~~AUDITED~~AN EXPLORATION STAGE COMPANY)

~~NOTE~~NOTES 2TO –FINANCIAL ~~SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)~~STATEMENTS

~~Going Concern~~(AUDITED)

~~operating~~NOTE ~~costs~~2 ~~over~~– ~~the~~SUMMARY ~~next~~OF ~~twelve~~SIGNIFICANT ~~months~~ACCOUNTING ~~with~~POLICIES existing cash on hand and loans from directors and/or private placement of common stock. The financials 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.(continued)

~~Income~~Going ~~taxes~~Concern

~~The~~and ~~Company~~further ~~follows~~losses ~~the~~are ~~liability~~anticipated ~~method of accounting for income taxes~~ in ~~accordance~~the ~~with~~development ~~FASB~~of ~~ASC~~its ~~740,~~business raising ~~“Income~~substantial ~~Taxes”.~~doubt ~~Under~~about ~~this~~the ~~method,~~Company’s ~~deferred~~ability ~~tax~~to ~~assets~~continue ~~and~~as ~~liabilities are~~a ~~recognized~~going ~~for~~concern. ~~the~~The ~~future~~ability ~~tax consequences attributable~~ to ~~differences~~continue ~~between~~as ~~the~~a ~~financial statement carrying amounts of~~going ~~existing~~concern ~~assets~~is ~~and~~dependent ~~liabilities~~upon ~~and~~the ~~their~~Company ~~respective~~generating ~~tax~~profitable ~~balances.~~operations ~~Deferred~~in ~~tax~~the ~~assets~~future and ~~liabilities are measured using enacted~~ /or ~~substantially~~to ~~enacted~~obtain ~~tax~~the ~~rates~~necessary ~~expected~~financing to meet ~~apply~~its toobligations ~~the~~and ~~taxable~~repay ~~income~~its inliabilities ~~the~~arising ~~years~~from innormal ~~which~~business ~~those~~operations ~~differences~~when ~~are~~they ~~expected to~~come ~~be recovered or settled~~due. ~~Deferred~~Management ~~tax~~intends ~~assets~~to finance ~~are~~operating ~~reduced~~costs byover ~~a valuation allowance when, in~~ the ~~opinion~~next oftwelve ~~management,~~months itwith ~~is more~~existing ~~likely~~cash ~~than~~on ~~not~~hand ~~that~~and ~~some~~loans ~~portion~~from directors and/or ~~all~~private placement of ~~the~~common ~~deferred~~stock. ~~tax~~The ~~assets~~financial ~~will~~statements do not beinclude ~~realized.~~any ~~The~~adjustments ~~effect~~relating onto ~~deferred~~the ~~tax~~recoverability ~~assets~~ and ~~liabilities~~classification of arecorded assets, ~~change~~or inthe ~~tax~~amounts ~~rates~~of isand ~~recognized~~classification inof ~~income~~liabilities inthat ~~the~~might ~~period~~be ~~that~~necessary ~~includes~~in the ~~date~~event ofthe ~~enactment~~company orcannot ~~substantive~~continue in ~~enactment~~existence.

~~Cash and Cash Equivalents~~Investments

~~Cash~~Equity ~~and~~investment ~~cash~~in ~~equivalents~~other ~~consist~~mining ofcompanies ~~highly~~is ~~liquid~~accounted for under ~~investments~~the ~~with~~cost ~~maturities~~method ofas ~~three~~the ~~months~~equity orinvestments ~~less~~do ~~when~~not ~~purchased~~have readily determinable fair values. ~~Cash~~As per ASC codification 320 “Certain Investments in Debt and ~~cash~~Equity ~~equivalents~~Securities”, non marketable equity securities that do not have a readily determinable fair value are onnot ~~deposit~~required ~~with~~to ~~financial~~be ~~institutions~~accounted for under the equity method and are typically carried at cost. From time to time the company ~~without~~may ~~restrictions~~evaluate discretionary investments in mining operations located in various emerging market countries.

~~Use~~Income ~~of Estimates~~taxes

The ~~preparation~~Company follows the liability method of ~~financial~~accounting ~~statements~~for income taxes in ~~conformity~~ accordance with ~~generally~~FASB ~~accepted~~ASC ~~accounting~~740, ~~principles~~“Income ~~requires~~Taxes”. ~~management~~Under tothis ~~make~~method, ~~estimates~~deferred tax assets and ~~assumptions~~liabilities ~~that~~are ~~affect~~recognized for the ~~reported~~future tax consequences attributable to differences between the financial statement carrying amounts of ~~assets~~existing assets and liabilities and ~~disclosures~~their ofrespective ~~contingent~~tax balances. Deferred tax assets and liabilities atare measured using enacted or substantially enacted tax rates expected to apply to the ~~date~~taxable ofincome in the ~~financial~~years ~~statements~~in ~~and~~which those differences are expected to be recovered or settled. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than ~~reported~~not ~~amounts~~that some portion or all of ~~revenue~~the deferred tax assets will not be realized. The effect on deferred tax assets and ~~expense~~liabilities of ~~during~~a ~~the~~change ~~reported~~in tax rates is recognized in income in the period. ~~Actual~~that ~~results~~includes ~~could~~the ~~differ~~date ~~from~~of ~~these~~enactment ~~estimates~~or substantive enactment.

~~Earnings~~Cash ~~(Loss)~~and ~~Per~~Cash ~~Share Calculations~~Equivalents

~~Basic~~Cash ~~earnings~~and ~~(loss)~~cash ~~per~~equivalents ~~share~~consist ~~exclude~~of ~~any~~highly ~~dilutive~~liquid ~~effects~~investments ofwith ~~options,~~maturities ~~warrants and convertible securities. Basic earnings (loss) per share is computed using the weighted-average number~~ of ~~outstanding~~three ~~common~~months ~~shares~~or ~~during~~less ~~the~~when ~~applicable period~~purchased. ~~Diluted~~Cash ~~earnings per share is computed using the weighted-average number of common shares~~ and ~~common~~cash ~~stock~~equivalents ~~equivalent shares outstanding during the period. Common stock equivalent shares~~ are ~~excluded from~~on ~~the~~deposit ~~computation~~with iffinancial ~~their~~institutions ~~effect is antidilutive. For all periods presented, the Company has sustained losses, which would~~without ~~make use of equivalent shares antidilutive and, as such, the calculation has not been included~~restrictions.

2423

CRATER MOUNTAIN RESOURCES, INC.

(AN EXPLORATION STAGE COMPANY)

NOTES TO FINANCIAL STATEMENTS

~~JUNE 30, 2011 AND 2010~~(AUDITED)

NOTE 2- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (~~AUDITED~~continued)

~~NOTE~~Use 2of ~~– SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)~~Estimates

~~New~~The ~~Accounting~~preparation ~~Pronouncements~~ of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expense during the reported period. Actual results could differ from these estimates.

~~The~~Fair ~~Company~~value ~~evaluated all recent accounting pronouncements issued and determined that the adoption~~ of ~~these pronouncements would not have a material effect on the~~ financial ~~position, results of operations or cash flows of the Company.~~instruments

~~NOTE~~Fair 3value –estimates ~~STOCKHOLDERS’~~discussed ~~EQUITY~~herein ~~(DEFICIT)~~are based upon certain market assumptions and pertinent information available to management as of June 30, 2012 and 2011. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values. These financial instruments include cash, prepaid expenses and accounts payable. Fair values were assumed to approximate carrying values for cash and payables because they are short term in nature and their carrying amounts approximate fair values or they are payable on demand.

AsLevel of1: ~~December~~The ~~31,~~preferred ~~2010,~~inputs ~~150~~to valuation efforts are “quoted prices in active markets for identical assets or liabilities,~~000,000~~” ~~shares~~with ofthe caveat that the ~~Company’s~~reporting entity must have access $0to that market.~~001~~ ~~par~~Information ~~value~~at ~~common~~this ~~stock~~level ~~had~~is ~~been~~based ~~authorized,~~on direct observations of ~~which~~transactions 34involving the same assets and liabilities,~~000~~ not assumptions,~~000~~ ~~were~~and ~~issued~~thus ~~and~~offers ~~outstanding~~superior atreliability. ~~June~~However, 30relatively few items, ~~2011~~especially physical assets, actually trade in active markets.

OnLevel ~~May~~2: 8,FASB ~~2007,~~acknowledged ~~the~~that ~~Company~~active ~~issued~~markets afor ~~total of 30,000,000~~identical ~~shares~~assets ofand ~~common~~liabilities ~~stock~~are torelatively ~~Magellan~~uncommon ~~Global Fund~~and, LPeven ~~for~~when ~~cash~~they atdo ~~$0.001 per share for a total of $30~~exist,~~000.~~ ~~The~~they ~~Magellan~~may ~~Global~~be ~~Fund, LP,~~too isthin ato ~~Delaware~~provide ~~Limited~~reliable ~~Partnership, formed in September 2006~~information. ~~The General Partner of the limited partnership is Orinda Advisors,~~ ~~LLC,~~To adeal ~~Delaware~~with ~~limited~~this ~~liability~~shortage ~~company,~~ of ~~which~~direct ~~Harry Orfanos and Niko Lahanas~~data, ~~officers, directors and principal stockholders of~~ the ~~registrant,~~board ~~are~~provided ~~Managing~~a ~~Partners.~~second ~~Messrs.~~level ~~Orfanos~~of ~~and~~inputs ~~Lahanas~~that ~~are~~can ~~also~~be ~~Managing~~applied ~~Partners~~in ofthree ~~the Magellan Global Fund, LP~~situations.

OnLevel ~~May~~3: 9,If ~~2007,~~inputs ~~the~~from ~~Magellan~~levels ~~Global~~1 ~~Fund,~~and LP2 ~~gifted~~are 1not available,~~000,000~~ ~~shares~~FASB acknowledges that fair value measures of ~~common~~many ~~stock~~assets toand ~~Roger~~liabilities ~~Renken~~are ,less anprecise. ~~officer~~The ~~and~~board ~~director~~describes Level 3 inputs as “unobservable,” ~~for~~and ~~services~~limits hetheir ~~provided~~use by saying they “shall be used to ~~Magellan~~measure fair value to the extent that observable inputs are not available.” This category allows “for situations in ~~connection~~which ~~with~~there ~~start~~is uplittle, ofif any, market activity for the asset or liability at the measurement date”. Earlier in the standard, FASB explains that “observable inputs” are gathered from sources other than the reporting company and that they are expected to reflect assumptions made by market participants.

OnEarnings ~~May~~(Loss) 9,Per ~~2007,~~Share the Magellan Global Fund, LP gifted 8,000,000 shares of common stock to Orinda Advisors, LLC, a related party, for services provided to Magellan in connection with start up of the company . Orinda Advisors, LLC, is a Delaware limited liability company, of which Harry Orfanos and Niko Lahanas, officers, directors and principal stockholders of the registrant, are Managing Partners.Calculations:

OnBasic ~~May~~earnings 9,(loss) ~~2007,~~per ~~the~~share ~~Magellan~~exclude ~~Global~~any ~~Fund~~dilutive effects of options, LPwarrants ~~gifted~~and ~~7,000,000~~convertible securities. Basic earnings (loss) per share is computed using the weighted-average number of outstanding common shares during the applicable period. Diluted earnings per share is computed using the weighted-average number of common shares and common stock toequivalent ~~Harry~~shares ~~Orfanos,~~outstanding aduring ~~director,~~the ~~for~~period. ~~services~~Common hestock ~~provided~~equivalent toshares ~~Magellan~~are inexcluded from ~~connection~~the ~~with~~computation ~~start~~if uptheir ofeffect ~~the~~is ~~company~~antidilutive. For all periods presented, the Company has sustained losses,

Onwhich ~~May~~would 9,make ~~2007,~~use ~~the~~of ~~Magellan~~equivalent ~~Global Fund, LP issued 7,000,000~~ shares ofantidilutive ~~common stock to Nicholas Lahanas~~and, aas ~~director~~such, the ~~for~~calculation ~~services~~has henot ~~provided~~been ~~to Magellan in connection with start up of the company~~included.

InNew ~~addition,~~Accounting ~~the Magellan Global Fund, LP gifted a total of 1,380,000 shares of common stock to various non-related third parties for services provided to Magellan in connection with start up of the company.~~Pronouncements

OnThe ~~April 14, 2009, Magellan Global Fund, LP entered into a Rescission Agreement with the~~ Company ~~agreeing~~evaluated ~~to rescind~~ all ~~shares~~recent ~~given~~accounting topronouncements ~~the~~issued ~~officer, directors~~ and ~~other~~determined ~~service providers~~that asthe ~~gifts.~~adoption ~~All~~of ~~parties~~these ~~who~~pronouncements ~~were~~would ~~gifted~~not ~~shares~~ have ~~agreed~~a tomaterial ~~the~~effect ~~rescission~~on ~~and~~the ~~have~~financial ~~signed~~position, ~~the~~results ~~Rescission~~of ~~Agreement.~~operations ~~Our~~or ~~current~~cash ~~sole~~flows ~~stockholder~~of isthe ~~Magellan Global Fund, LP~~Company.

2524

CRATER MOUNTAIN RESOURCES, INC.

(AN EXPLORATION STAGE COMPANY)

NOTES TO FINANCIAL STATEMENTS

~~JUNE 30, 2011 AND 2010~~(AUDITED)

~~(AUDITED)~~ NOTE 3 – STOCKHOLDERS’ DEFICIT

~~NOTE~~On 3May –8, ~~STOCKHOLDERS’~~2007, ~~EQUITY~~the ~~(DEFICIT)~~Company issued a total of 30,000,000 shares ~~(continued)~~of common stock to Magellan Global Fund, LP for cash at $0.001 per share for a total of $30,000. The Magellan Global Fund, LP, is a Delaware Limited Partnership, formed in September 2006. The General Partner of the limited partnership is Orinda Advisors, LLC, a Delaware limited liability company, of which Harry Orfanos and Niko Lahanas, officers, directors and principal stockholders of the registrant, are Managing Partners. Messrs. Orfanos and Lahanas are also Managing Partners of the Magellan Global Fund, LP.

~~During~~On ~~year~~May ~~ended~~9, ~~June 30~~2007, ~~2011~~the Magellan Global Fund, 4LP gifted 1,000,000 shares of ~~Company’s~~ common stock ~~were~~to ~~issued~~Roger atRenken, ~~$0.0325~~an ~~per~~officer ~~share.~~and ~~These~~director, ~~shares~~for ~~were~~services ~~registered~~he ~~and~~provided ~~deemed~~to ~~effective~~Magellan onin ~~February~~connection ~~19,~~with ~~2010~~start up of the company.

~~There~~On ~~are~~May no9, ~~other~~2007, ~~issuances~~the Magellan Global Fund, LP gifted 8,000,000 shares of common stock to Orinda Advisors, LLC, a related party, for services provided to Magellan in connection with start up of the company ~~twelve~~. Orinda Advisors, LLC, is a Delaware limited liability company, of which Harry Orfanos and Niko Lahanas, officers, directors ~~months~~and ~~period~~principal ~~ended~~stockholders ~~June~~of 30the registrant, ~~2011~~are Managing Partners.

~~NOTE~~On 4May –9, ~~RELATED~~2007, ~~PARTY~~the ~~TRANSACTIONS~~Magellan Global Fund, LP gifted 7,000,000 shares of common stock to Harry Orfanos, a director, for services he provided to Magellan in connection with start up of the company.

On orMay ~~about April 14~~9, ~~2009~~2007, ~~The Magellan Global Fund, Ltd. (“Magellan”) entered into a rescission agreement with all of~~ the ~~share holders of Crater Mountain Resources that~~ Magellan ~~gave or sold shares. As a result, Magellan became the sole shareholder of the Company. The Magellan~~ Global Fund, LP~~, a~~ ~~Delaware~~gifted ~~Limited Partnership~~7, ~~was formed in September 2006. Messrs. Harry Orfanos and Niko Lahanas~~000,000 ~~who are Officers and Directors~~shares of ~~the~~common ~~Company,~~stock ~~are~~to ~~the~~Nicholas ~~Managing Partners of The Magellan Global Fund~~Lahanas, ~~LP. The General Partner of the limited partnership is Orinda Advisors, LLC,~~ a ~~Delaware limited liability company. Harry Orfanos and Niko Lahanas are also the owners~~director, ~~officers~~for ~~and~~services ~~directors of~~he ~~Orinda~~provided ~~Advisors,~~to ~~LLC.~~Magellan ~~This~~in ~~transaction~~connection ~~has~~with ~~had~~start noup ~~effect on the financial condition~~ of the ~~Company~~company.

OnIn ~~December 14~~addition, ~~2009,~~ the ~~Company executed an unsecured line of credit in the amount of $20,000 with~~ Magellan Global Fund, ~~Ltd.~~LP ~~(“Magellan”).~~gifted ~~The line of credit carries an annual interest rate of 5% and has~~ a ~~term~~total of ~~one year~~1, ~~at which any outstanding balance is due in full. Additionally~~380, ~~on December~~000 ~~14,~~shares ~~2010, Magellan extended the term~~ of ~~the~~common ~~loan~~stock ~~one~~to ~~year~~various ~~from~~non-related ~~the~~third ~~original~~parties ~~due~~for ~~date.~~services Asprovided ~~of June 9, 2011 $16,000 of the line of credit has been repaid~~ to Magellan, ~~leaving~~in aconnection ~~principal~~with ~~balance~~start ofup ~~$300, and interest due~~ of ~~$983~~the company.

WeOn ~~are~~April ~~currently~~14, ~~operating~~2009, ~~out~~Magellan ofGlobal ~~the~~Fund, ~~offices~~LP ~~paid~~entered ~~for~~into bya ~~our President,~~Rescission ~~Roger~~Agreement ~~Renken~~with onthe aCompany ~~rent-free~~agreeing ~~basis.~~to ~~There~~rescind isall noshares ~~written~~given ~~agreement~~to orthe ~~other~~officer, ~~material~~directors ~~terms~~and orother ~~arrangements~~service ~~relating~~providers toas ~~said arrangement~~gifts. ~~This~~All ~~agreement~~parties ~~has~~who ~~been~~were ~~reflected~~gifted asshares anhave ~~increase~~agreed into ~~rent expense (SG&A) and contributed capital by~~ the ~~Company’s~~rescission ~~Officer totaling $3,600,~~ and ~~$15,000~~have ~~for~~signed the ~~twelve~~Rescission ~~months~~Agreement. ~~ended~~Our ~~June~~current ~~30,~~sole ~~2011~~stockholder is ~~and~~Magellan ~~from~~Global ~~inception (April 20~~Fund, ~~2007) to June 30, 2011~~LP.

OnDuring ~~January~~the 9,year ~~2011,~~ended ~~the~~June ~~Magellan~~30, ~~Global Fund~~2011, ~~LP issued Roger Renken 1~~4,000,000 shares of Company’s common stock ~~for services~~were heissued ~~rendered~~at to$0.0325 ~~Magellan~~per ~~Fund in helping start up Crater Mountain Resources, Inc~~share. ~~The~~ These shares were ~~purchased~~registered byand ~~Magellan~~deemed ~~Global~~effective ~~Fund,~~on LPFebruary ~~and~~19, ~~gifted to Mr~~2010. ~~Renken.~~

~~NOTE~~As 5of –June ~~INCOME~~30, ~~TAXES~~2012, 150,000,000 shares of the Company’s $0.001 par value common stock had been authorized, of which 34,000,000 were issued and outstanding.

AsThere ofwere ~~June~~no ~~30,~~issuances ~~2011 and 2010, the Company had a federal operating loss carry forward~~ of ~~$67,524~~common ~~and~~stock ~~$50,202, respectively, which begins to expire around 2028. The provision~~ for ~~income taxes consisted of~~ the ~~following~~twelve ~~components~~month ~~for the years~~ period ended June 30: , 2012.

Current:		2011	2010
	Federal	$ -	$ -
	State	$ -	$ -
Deferred:		$ -	$ -

NOTE 4 – EQUITY INVESTMENT

26On November 17, 2011, the Company participated in the public offering of China Shouguan Mining Co. common stock by purchase of 298,507 shares for an investment of $60,000, representing a price per share of $0.201. The Company filed an 8-K regarding the investment on December 13, 2011. We are applying the cost method of accounting and are recording the investment at cost.

~~CRATER MOUNTAIN RESOURCES, INC.~~25

~~(AN~~ CRATER ~~EXPLORATION~~MOUNTAIN ~~STAGE COMPANY)~~RESOURCES,INC

~~NOTES~~(AN TOEXPLORATION ~~FINANCIAL~~STAGE ~~STATEMENTS~~COMPANY)

~~JUNE~~NOTES ~~30,~~TO ~~2011~~FINANCIAL ~~AND 2010~~STATEMENTS

(AUDITED)

NOTE 5 – ~~INCOME~~RELATED ~~TAXES~~PARTY ~~(continued)~~TRANSACTIONS

~~Components~~On December 14, 2009, the Company executed an unsecured line of credit ~~net~~in ~~deferred~~the ~~tax~~amount ~~assets~~of $20,000 ~~including~~with Magellan Global Fund, Ltd. (“Magellan”). The Magellan Global Fund, LP, is a ~~valuation~~Delaware ~~allowance~~Limited Partnership, formed in September 2006. The General Partner of the limited partnership is Orinda Advisors, LLC, a Delaware limited liability company and majority stockholder, of which Harry Orfanos and Niko Lahanas, officers, directors and principal stockholders of the Company, are asManaging ~~follows~~Partners. Messrs. Orfanos and Lahanas are also Managing Partners of the Magellan Global Fund, LP. The line of credit carried an annual interest rate of 5% and had a term of one year, at which any outstanding balance was due in full. Additionally, on December 14, 2010, Magellan extended the term of the loan one year from the original due date. The agreement expired on December 14, 2011. As of June 30, ~~2011~~2012 ~~and~~no ~~2010:~~ principal balance exists on the line of credit. Furthermore all interest has been paid in full.

	2011	2010
Deferred tax assets:
Net operating loss carry forward	$ 67,524	$ 50,202
Total deferred tax assets	23,633	17,571
Less: valuation allowance	(23,633)	(17,571)
Net deferred tax assets	$ -	$ -

On January 5, 2012, the Company executed a one year exclusive consulting agreement with Orinda Advisors, LLC. Orinda Advisors, LLC, is a Delaware limited liability company, of which Harry Orfanos and Niko Lahanas, officers, directors and principal stockholders of the Company, are Managing Partners.

~~The~~Under ~~valuation allowance for deferred tax assets as of June 30, 2011 and 2010 was $23,633 and $17,571 respectively. In assessing~~ the ~~recovery~~agreement ofOrinda ~~the~~Advisors ~~deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets~~ will ~~not~~source beand ~~realized. The ultimate~~introduce ~~realization~~to ~~of deferred tax assets is dependent upon~~ the ~~generation~~Company ofpotential ~~future~~acquisition ~~taxable~~targets ~~income~~ in the ~~periods~~Gold inMining ~~which those temporary differences become deductible~~Industry. Management considers the scheduled reversals of future deferred tax assets, projected future taxable income, and tax planning strategies in making this assessment. As a result, management determined it was more likely than not the deferred tax assets would not be realized as of June 30, 2011 and 2010, and recorded a full valuation allowance.

~~Reconciliation~~In ~~between~~consideration of the ~~statutory~~services rendered ~~rate~~by ~~and~~Orinda under this Agreement, the ~~effective tax~~Company ~~rate~~agrees isto aspay ~~follows~~Orinda atAdvisors ~~June~~the ~~30:~~following fees and other compensation

	2011	2010
Federal statutory tax rate	(35.0) %	(35.0) %
Permanent difference and other	35.0 %	35.0 %
Effective tax rate	- %	- %

(i)

A non-refundable cash fee of $10,000 (paid)

27(ii) A royalty fee of up to 2% of the net sales of any merger that was directly introduced to the Company by Orinda for a period of five (5) years.

~~ITEM~~The 9.cash ~~CHANGES~~fees INpaid ~~AND~~to ~~DISAGREEMENTS~~Orinda ~~WITH~~Advisors, ~~ACCOUNTANTS~~LLC ONunder ~~ACCOUNTING~~the agreement ~~AND~~were recorded as prepaid expense and are amortized over the period of twelve (12) months.

~~FINANCIAL~~NOTE ~~DISCLOSURE~~6 – INCOME TAXES

WeAs ~~have~~of ~~had~~June 30, no2012 ~~changes~~and in2011, orthe ~~disagreements~~Company ~~with~~had ~~our~~a ~~accounting firm~~federal onoperating ~~any~~loss ~~accounting~~carry forward of $90,939 and~~/or~~ ~~financial~~$67,524, ~~disclosures~~respectively, ~~since~~which ~~inception~~begins to expire around 2028. The provision for income taxes consisted of the following components for the years ended June 30:

ITEM 9A. CONTROLS AND PROCEDURES

Current:		2012	2011
	Federal	$ -	$ -
	State	$ -	$ -
Deferred:		$ -	$ -

We maintain disclosure controls and procedures designed to ensure that information required to be disclosed in reports filed under the Securities Exchange Act of 1934 ("Exchange Act”) is recorded, processed, summarized and reported within the specified time periods. Roger Renken, our Chief Executive Officer and Principal Financial Officer (the "Certifying Officer”), is responsible for maintaining our disclosure controls and procedures. Prior to the filing of this annual report, our Certifying Officer evaluated the effectiveness of our disclosure controls and procedures for the period covered by this report. Based on the evaluation, our Certifying Officer concluded that our disclosure controls and procedures were effective to provide reasonable assurance that (a) information required to be disclosed by us in the reports we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the applicable rules and forms and (b) that the information is accumulated and communicated to our management, including the Certifying Officer, as appropriate, to allow timely decisions regarding required disclosure. We have conducted a review of the effectiveness of our internal controls over financial reporting as disclosed herein. 26

~~Our~~CRATER ~~management~~MOUNTAIN ~~is also responsible for establishing and maintaining a system of adequate internal controls over financial reporting. Internal controls over financial reporting is defined as a process designed by~~RESOURCES, or under the supervision of, our principal executive officer and principal financial officer, or persons performing similar functions, and effected by our board of directors, management and other personnel, to provide assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principals and includes those policies and procedures that: (1) pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of the our assets; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in conformity with generally accepted accounting principles, and receipts and expenditures are being made only in accordance with authorizations of management and our directors; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of our assets that could have a material effect on our financial statementsINC. We believe our internal controls over financial reporting are effective to provide reasonable assurance that our financial statements are fairly presented in conformity with generally accepted accounting principals. Since our most recent evaluation, there have been no changes in our internal controls or in other factors that could significantly affect our internal controls, nor were any corrective actions required with regard to significant deficiencies and material weaknesses. Because of its inherent limitations, internal control over financial reporting may not prevent or detect every misstatement and instance of fraud. Controls are susceptible to manipulation, especially in instances of fraud caused by the collusion of two or more people, including our senior management. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

Under the supervision and with the participation of our Certifying Officers, we conducted an evaluation of the effectiveness of our internal control over financial reporting based upon the framework in Internal Control — Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (~~COSO).~~AN ~~Based~~EXPLORATION onSTAGE the results of our evaluation, we have concluded that our internal control over financial reporting was effective as of June 30, 2011 and the date of the filing of this annual report. Since our most recent evaluation, there have been no changes in our internal control of financial reporting that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.COMPANY)

~~This~~NOTES ~~report~~TO ~~does~~FINANCIAL not include an attestation report of our registered public accounting firm regarding internal controls over financial reporting. Our Certifying Officer’s report was not subject to attestation by our registered publicSTATEMENTS

~~accounting firm pursuant to rules of the Securities and Exchange Commission that permit us to provide only our management’s report in this annual report.~~(AUDITED)

~~ITEM~~NOTE ~~9B.~~6 ~~OTHER~~– ~~INFORMATION~~ INCOME TAXES (continued)

~~None.~~Components of net deferred tax assets, including a valuation allowance, are as follows at June 30, 2012 and 2011:

	2012	2011

Deferred tax assets:
Net operating loss carry forward	$90,939	$67,524

Total deferred tax assets	3,182,865	23,633
Less: valuation allowance	(31,829)	(23,633)

Net deferred tax assets	$ -	$ -

~~PART~~The ~~III~~ valuation allowance for deferred tax assets as of June 30, 2012 and 2011 was $31,829 and $23,633 respectively. In assessing the recovery of the deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income in the periods in which those temporary differences become deductible. Management considers the scheduled reversals of future deferred tax assets, projected future taxable income, and tax planning strategies in making this assessment. As a result, management determined it was more likely than not the deferred tax assets would not be realized as of June 30, 2012 and 2011, and recorded a full valuation allowance.

~~ITEM~~Reconciliation ~~10.~~between ~~DIRECTORS,~~the ~~EXECUTIVE~~statutory ~~OFFICERS~~rate ~~AND~~and ~~CORPORATE~~the ~~GOVERNANCE~~effective tax rate is as follows at June 30:

Directors of the corporation are elected by the stockholders to a term of one year and serve until a successor is elected and qualified. Officers of the corporation are appointed by the Board of Directors to a term of one year and serves until a successor is duly appointed and qualified, or until he or she is removed from office. The Board of Directors has no nominating, auditing or compensation committees at this time.

	2012		2011
Federal statutory tax rate	(35.0)	%	(35.0)	%
Permanent difference and other	35.0	%	35.0	%
Effective tax rate	- %		- %

~~The name, address, age and position of our officers and directors is set forth below:~~ 27

Name of Director or Officer and Position in the Company	Officer or Director Since	Age	Office(s) Held and Other Business Experience
Roger Renken President, Secretary, Treasurer, Principal Executive Officer, Principal Financial Officer and Director	April 20, 2007 to present	55	Mr. Renken has been the President, Secretary, Treasurer and Chairman of the Board of Directors of our Company since April 20, 2007. From 1974 to 1980, when he was honorably discharged, Mr. Renken was an Electrician in the United States Navy aboard nuclear fast attack submarines. He received a Gemology Certificate from the Gemological Institute of America (GIA) in 1980 and is a certified Gemologist. From August 1987 to May 1989, Mr. Renken was a stock broker for E.F. Hutton in California. From July 2004 to June 2006, he was an institutional precious metals trader for Monex Deposit Co., a privately-held company in Newport Beach, California. Mr. Renken received an AA Degree in Ocean Engineering from Cal State Long Beach in 1987. Mr. Renken has not been involved in any legal proceeding listed in Section 401(f) of Regulation S-K during the last five years and has not filed bankruptcy within the last 5 years. Mr. Renken has not been engaged in any business activities required to be disclosed by Item 401 of Regulation S-K between 2006 and April 20, 2007, the date he became an officer and director of the company. Mr. Renken currently devotes approximately 30 hours per week to our business operations.
Nicholas Lahanas, Director	April 20, 2007 to present	42	Mr. Lahanas has been a director of the Company since April 20, 2007. In September 2006, Mr. Lahanas co-founded Magellan Global Fund L.P., a private equity fund focused on investing in emerging markets. From July 2004 to August 2006, he served as an Investment Banker with CSG Capital Management, a boutique investment banking firm based in Great Neck, New York. From February 2002 to April 2004, he was Vice President of Capital Markets for Cornell Capital Partners, a New Jersey based private equity fund, where he focused primarily on the natural resource sector. Since 2005, he has served as a Director on the Board of Pacific Niugini Nuggets LLC, a privately-held alluvial mining company with principal operations in Papua New Guinea. Mr. Lahanas received a B.A. Degree in Psychology from the University of California, Berkeley in 1991. Mr. Lahanas has not been involved in any legal proceeding listed in Section 401(f) of Regulation S-K during the last five years and has not filed bankruptcy within the last 5 years. Mr. Lahanas has not been engaged in any business activities required to be disclosed by Item 401 of Regulation S-K between 2006 and April 20, 2007, the date he became an officer and director of the company. Mr. Lahanas currently devotes approximately 10 hours per month to our business operations.
Harry Orfanos, Director	April 20, 2007 to present	46	Mr. Orfanos has been a director of the Company since April 20, 2007. In 2006, he co-founded Magellan Global Fund L.P., a private equity fund focused on investing in emerging markets. From January 2001 to December 2003, he was a Vice President of Capital Markets for Cornell Capital Partners, a New Jersey based private equity fund. From 1995 to 2000, he was a Vice President of Corporate Finance with Zanett Securities, a $100 million New York-based PIPE fund which focused on investing in small to mid-cap public companies. From October 1990 to September 1995, he was an Institutional Sales Trader with Santander Investment Securities in New York, New York. Mr. Orfanos received a B.S. in Finance from New York University in 1987. Mr. Orfanos has not been involved in any legal proceeding listed in Section 401(f) of Regulation S-K during the last five years and has not filed bankruptcy within the last 5 years. Mr. Orfanos has not been engaged in any business activities required to be disclosed by Item 401 of Regulation S-K between 2006 and April 20, 2007, the date he became an officer and director of the company. Mr. Orfanos currently devotes approximately 10 hours per month to our business operations.

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

29We have had no changes in or disagreements with our accounting firm on any accounting and/or financial disclosures since inception.

~~The~~ITEM ~~persons named above have held their offices/positions since the inception of our Company and are expected to hold said offices/positions until the next annual meeting of our stockholders~~9A. ~~These~~CONTROLS ~~officers~~AND ~~and directors are our only officers, directors and promoters.~~PROCEDURES

~~Section~~We 16maintain disclosure controls and procedures designed to ensure that information required to be disclosed in reports filed under the Securities Exchange Act of 1934 ("Exchange Act”) is recorded, processed, summarized and reported within the specified time periods. Roger Renken, our Chief Executive Officer and Principal Financial Officer (the "Certifying Officer”), is responsible for maintaining our disclosure controls and procedures. Prior to the filing of this annual report, our Certifying Officer evaluated the effectiveness of our disclosure controls and procedures for the period covered by this report. Based on the evaluation, our Certifying Officer concluded that our disclosure controls and procedures were effective to provide reasonable assurance that (a) ~~Beneficial~~information ~~Ownership~~required ~~Reporting~~to ~~Compliance~~be disclosed by us in the reports we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the applicable rules and forms and (b) that the information is accumulated and communicated to our management, including the Certifying Officer, as appropriate, to allow timely decisions regarding required disclosure. We have conducted a review of the effectiveness of our internal controls over financial reporting as disclosed herein.

~~Section~~Our ~~16(~~management is also responsible for establishing and maintaining a) system of ~~the~~adequate internal ~~Securities~~controls ~~Exchange~~over ~~Act~~financial ofreporting. ~~1934~~Internal ~~requires~~controls ~~our~~over ~~directors~~financial reporting is defined as a process designed by, or ~~and~~under ~~executive~~the ~~officers~~supervision of, our principal executive officer and principal financial officer, or persons ~~who~~performing ~~own~~similar ~~more~~functions, and ~~than~~effected ~~ten~~by ~~percent~~our board of ~~our~~directors, ~~common~~management ~~stock~~and other personnel, to ~~file~~provide ~~with~~assurance regarding the ~~Securities~~reliability ~~and~~of ~~Exchange~~financial ~~Commission~~reporting ~~initial~~and ~~reports~~the preparation of ~~ownership~~financial statements for external purposes in accordance with generally accepted accounting principles and ~~reports~~includes ofthose ~~changes~~policies and procedures that: (1) pertain to the maintenance of ~~ownership~~records that in reasonable detail accurately and fairly reflect the transactions and dispositions of the our ~~common~~assets; ~~stock.~~(2) ~~Officers,~~provide ~~directors~~reasonable ~~and~~assurance ~~greater~~that transactions are ~~than~~recorded ~~ten~~as ~~percent~~necessary ~~stockholders~~to ~~are~~permit ~~required~~preparation byof ~~SEC~~financial ~~regulation~~statements toin ~~furnish~~conformity uswith generally accepted accounting principles, and receipts and expenditures are being made only in accordance with ~~copies~~authorizations of ~~all~~management ~~Section~~and 16our directors; and (a3) ~~forms~~provide reasonable ~~they~~assurance ~~file.~~regarding ~~To the~~prevention ~~best~~or timely detection of ~~our~~unauthorized ~~knowledge~~acquisition, ~~all~~use ~~Section~~or ~~16(~~disposition of our assets that could have a) ~~filing~~material ~~requirements~~effect ~~applicable~~on our financial statements. We believe our internal controls over financial reporting are effective to provide reasonable assurance that our ~~officers~~financial statements are fairly presented in conformity with generally accepted accounting principles. Since our most recent evaluation, ~~directors~~there ~~and~~have ~~greater~~been ~~than~~no ~~ten~~changes ~~percent~~in our internal controls or in other factors that could ~~beneficial~~significantly ~~owners~~affect our internal controls, nor were ~~complied~~any corrective actions required with regard to significant deficiencies and material weaknesses. InBecause ~~making~~of ~~these~~its ~~disclosures~~inherent limitations, weinternal ~~have~~control ~~relied~~over ~~solely~~financial onreporting amay ~~review~~not prevent or detect every misstatement and instance of fraud. Controls are susceptible to manipulation, especially in instances of fraud caused by the ~~copies~~collusion of two or more people, including our senior management. Also, projections of ~~such~~any ~~reports~~evaluation of effectiveness to future periods ~~furnished~~are subject to usthe ~~and~~risk ~~written~~that ~~representations~~controls bymay ~~our~~become ~~directors~~inadequate because of changes in conditions, ~~executive~~or ~~officers~~that ~~and~~the ~~greater~~degree ~~than~~of ~~ten~~compliance with ~~percent~~the ~~stockholders~~policies or procedures may deteriorate.

~~Code~~Under the supervision and with the participation of ~~Ethics~~our Certifying Officers, we conducted an evaluation of the effectiveness of our internal control over financial reporting based upon the framework in Internal Control — Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). Based on the results of our evaluation, we have concluded that our internal control over financial reporting was effective as of June 30, 2012 and the date of the filing of this annual report. Since our most recent evaluation, there have been no changes in our internal control of financial reporting that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting. This report does not include an attestation report of our registered public accounting firm regarding internal controls over financial reporting. Our Certifying Officer’s report was not subject to attestation by our registered publicaccounting firm pursuant to rules of the Securities and Exchange Commission that permit us to provide only our management’s report in this annual report.

AtITEM ~~this time, we have not adopted a formal Code of Ethics that applies to our Principal Financial Officer~~9B. We ~~have,~~OTHER however, followed an informal Code of Ethics requiring Board of Director approval of any material transactions involving our Principal Financial Officer. We believe this procedure reasonably deters material wrongdoing and promotes honest and ethical conduct from our executive officer.INFORMATION

~~Nominating Committee~~None.

At the present time, we do not have a standing nominating committee or a committee performing similar functions. At the present stage of our business development, it is the view of our Board of Directors that such a committee would be of little assistance in recommending nominations for director-nominees. In addition, at the present time we do not have a defined policy or procedure for shareholders to submit recommendations or nominations for directors. The Board of Directors believes that, given the current stage of our development, a specific nominating policy would be premature and of little assistance until the Company’s operations develop to a more advanced level. We do not currently have any specific or minimum criteria for the selection of nominees to the Board of Directors and the Board does not have any specific process or procedure for evaluating such nominees. The Board of Directors assesses all candidates, whether submitted by management or shareholders and makes recommendations for election or appointment. 28

~~ITEM~~PART ~~11. EXECUTIVE COMPENSATION~~III

~~Currently,~~ITEM ~~our officers and directors receive no compensation for their services during the exploration stage of our business operations~~10. ~~They are~~DIRECTORS, ~~however,~~EXECUTIVE ~~reimbursed~~OFFICERS ~~for~~AND ~~any~~CORPORATE ~~out-of-pocket expenses that they may incur on the Company’s behalf. In the future, we may approve payment of salaries for officers and directors, but currently, no such plans have been approved.~~GOVERNANCE

SUMMARY COMPENSATION TABLE
							Change in Pension Value
						Non-Equity Incentive	and Nonqualified Deferred
Name and Principal Position	Year	Salary	Bonus	Stock Awards	Option Awards	Plan Compensation	Compensation Earnings	All Other Compensation	Total
		($)	($)	($)	($)	($)	($)	($)	($)
Roger Renken, Principal Executive Officer	2011	-	-	-	-	-	-	-	-
	2010	-	-	-	-	-	-	-	-

~~There~~The ~~are~~name, ~~no employment agreements~~address, ~~arrangements~~age orand ~~understandings~~position ~~between any~~of ~~executive~~our ~~officer~~officers and ~~any~~directors ~~director~~is orset ~~other~~forth ~~person pursuant to which any person was selected as a director or an executive officer.~~ below:

Name of Director or Officer and Position in the Company	Officer or Director Since	Age	Office(s) Held and Other Business Experience

Roger Renken President, Secretary, Treasurer, Principal Executive Officer, Principal Financial Officer and Director	April 20, 2007 to present	56	Mr. Renken has been the President, Secretary, Treasurer and Chairman of the Board of Directors of our Company since April 20, 2007. From 1974 to 1980, when he was honorably discharged, Mr. Renken was an Electrician in the United States Navy aboard nuclear fast attack submarines. He received a Gemology Certificate from the Gemological Institute of America (GIA) in 1980 and is a certified Gemologist. From August 1987 to May 1989, Mr. Renken was a stock broker for E.F. Hutton in California. From July 2004 to June 2006, he was an institutional precious metals trader for Monex Deposit Co., a privately-held company in Newport Beach, California. Mr. Renken received an AA Degree in Ocean Engineering from Cal State Long Beach in 1987. Mr. Renken has not been involved in any legal proceeding listed in Section 401(f) of Regulation S-K during the last five years and has not filed bankruptcy within the last 5 years. Mr. Renken has not been engaged in any business activities required to be disclosed by Item 401 of Regulation S-K between 2006 and April 20, 2007, the date he became an officer and director of the company. Mr. Renken currently devotes approximately 30 hours per week to our business operations.

Nicholas Lahanas, Director	April 20, 2007 to present	43	Mr. Lahanas has been a director of the Company since April 20, 2007. In September 2006, Mr. Lahanas co-founded Magellan Global Fund L.P., a private equity fund focused on investing in emerging markets. From July 2004 to August 2006, he served as an Investment Banker with CSG Capital Management, a boutique investment banking firm based in Great Neck, New York. From February 2002 to April 2004, he was Vice President of Capital Markets for Cornell Capital Partners, a New Jersey based private equity fund, where he focused primarily on the natural resource sector. Since 2005, he has served as a Director on the Board of Pacific Niugini Nuggets LLC, a privately-held alluvial mining company with principal operations in Papua New Guinea. Mr. Lahanas received a B.A. Degree in Psychology from the University of California, Berkeley in 1991. Mr. Lahanas has not been involved in any legal proceeding listed in Section 401(f) of Regulation S-K during the last five years and has not filed bankruptcy within the last 5 years. Mr. Lahanas has not been engaged in any business activities required to be disclosed by Item 401 of Regulation S-K between 2006 and April 20, 2007, the date he became an officer and director of the company. Mr. Lahanas currently devotes approximately 10 hours per month to our business operations.

Harry Orfanos, Director	April 20, 2007 to present	47	Mr. Orfanos has been a director of the Company since April 20, 2007. In 2006, he co-founded Magellan Global Fund L.P., a private equity fund focused on investing in emerging markets. From January 2001 to December 2003, he was a Vice President of Capital Markets for Cornell Capital Partners, a New Jersey based private equity fund. From 1995 to 2000, he was a Vice President of Corporate Finance with Zanett Securities, a $100 million New York-based PIPE fund which focused on investing in small to mid-cap public companies. From October 1990 to September 1995, he was an Institutional Sales Trader with Santander Investment Securities in New York, New York. Mr. Orfanos received a B.S. in Finance from New York University in 1987. Mr. Orfanos has not been involved in any legal proceeding listed in Section 401(f) of Regulation S-K during the last five years and has not filed bankruptcy within the last 5 years. Mr. Orfanos has not been engaged in any business activities required to be disclosed by Item 401 of Regulation S-K between 2006 and April 20, 2007, the date he became an officer and director of the company. Mr. Orfanos currently devotes approximately 10 hours per month to our business operations.

OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END Option Awards Stock Awards Name Number of Securities Underlying Unexercised Options Exercisable Number of Securities Underlying Unexercised Options Unexercisable Equity Incentive Plan Awards: Number of Securities Underlying Unexercised Unearned Options Option Exercise Price Option Expiration Date Number of Shares or Units of Stock That Have Not Vested Market Value of Shares or Units of Stock That Have Not Vested Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Vested Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested (#) (#) (#) ($) (#) ($) (#) ($) Roger Renken - - - - - - - - -29

NoThe ~~pension~~persons ornamed ~~retirement~~above ~~benefit~~have ~~plan~~held ~~has~~their ~~been~~offices/positions ~~adopted~~since ~~and~~the ~~none~~inception isof ~~proposed~~our atCompany ~~this~~and ~~time.~~are ~~There~~expected isto nohold ~~arrangement~~said ~~for~~offices/positions ~~compensation~~until ~~with~~the ~~respect~~next toannual ~~termination~~meeting of ~~the~~our ~~directors~~stockholders. inThese ~~the~~officers ~~event~~and ofdirectors are ~~change~~our ~~of control~~only ofofficers, ~~the~~directors ~~Company~~and promoters.

~~Option~~Section ~~Grants~~16(a) Beneficial Ownership Reporting Compliance

~~There~~Section ~~have~~16(a) ~~been~~of nothe ~~individual~~Securities ~~grants~~Exchange Act of ~~stock~~1934 ~~options~~requires toour ~~purchase~~directors and executive officers, and persons who own more than ten percent of our common stock, to file with the Securities and Exchange Commission initial reports of ownership and reports of changes of ownership of our common stock. ~~made~~Officers, directors and greater than ten percent stockholders are required by SEC regulation to furnish us with copies of all Section 16(a) forms they file. To the ~~executive~~best ~~officer~~of ~~named~~our knowledge, inall Section 16(a) filing requirements applicable to our officers, directors and greater than ten percent beneficial owners were complied with. In making these disclosures, we have relied solely on a review of the ~~Summary~~copies ~~Compensation~~of ~~Table~~such reports furnished to us and written representations by our directors, executive officers and greater than ten percent stockholders.

~~Aggregated~~Code ~~Option~~of ~~Exercises and Fiscal Year-End Option Value~~Ethics

~~There~~At this time, we have ~~been~~not noadopted ~~stock~~a ~~options~~formal ~~exercised~~Code byof ~~the~~Ethics ~~executive~~that applies ~~officer~~to ~~named~~our inPrincipal Financial Officer. We have, however, followed an informal Code of Ethics requiring Board of Director ~~the~~approval ~~Summary~~of ~~Compensation~~any ~~Table~~material transactions involving our Principal Financial Officer. We believe this procedure reasonably deters material wrongdoing and promotes honest and ethical conduct from our executive officer.

~~Long-Term~~Nominating ~~Incentive Plan (“LTIP”) Awards~~Committee

~~There~~At the present time, we do not have ~~been~~a nostanding ~~awards~~nominating ~~made~~committee toor a ~~named~~committee performing ~~executive~~similar ~~officer~~functions. At the present stage of our business development, it is the view of our Board of Directors that such a committee would be of little assistance in recommending nominations for director-nominees. In addition, at the ~~last~~present ~~completed~~time we ~~fiscal~~do ~~year~~not ~~under~~have a defined policy or procedure for shareholders to submit recommendations or nominations for directors. The Board of Directors believes that, given the current stage of our development, a specific nominating policy would be premature and of little assistance until the Company’s operations develop to a more advanced level. We do not currently have any ~~LTIP~~specific or minimum criteria for the selection of nominees to the Board of Directors and the Board does not have any specific process or procedure for evaluating such nominees. The Board of Directors assesses all candidates, whether submitted by management or shareholders and makes recommendations for election or appointment.

~~Compensation~~ITEM of11. ~~Directors~~EXECUTIVE COMPENSATION

~~The~~Currently, ~~Board~~our ofofficers ~~Directors~~and ~~has~~directors ~~the~~receive ~~authority~~no tocompensation ~~fix~~for their services during the ~~compensation~~exploration stage of ~~directors;~~ our business operations. They are, however, noreimbursed ~~amounts~~for ~~have~~any ~~been~~out-of-pocket ~~paid~~expenses ~~to,~~that orthey may ~~accrued~~incur ~~to,~~on ~~our~~the ~~directors~~Company’s inbehalf. ~~such~~In ~~capacity~~the ~~and~~future, ~~there~~we ~~are~~may noapprove ~~plans~~payment atof ~~this~~salaries ~~time~~for toofficers ~~compensate our~~and directors, but currently, no such plans have been approved.

SUMMARY COMPENSATION TABLE
							Change in Pension Value
						Non-Equity Incentive	and Nonqualified Deferred
Name and Principal Position	Year	Salary	Bonus	Stock Awards	Option Awards	Plan Compensation	Compensation Earnings	All Other	Total
Name and Principal Position	Year	Salary	Bonus	Stock Awards	Option Awards	Plan Compensation	Compensation Earnings	Compensation	Total
		($)	($)	($)	($)	($)	($)	($)	($)

Roger Renken, Principal Executive Officer	2012	-	-	-	-	-	-	-	-
	2011	-	-	-	-	-	-	-	-

~~ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT~~30

~~The~~There ~~following~~are ~~table~~no ~~sets~~employment ~~forth~~agreements, ~~certain~~arrangements ~~information~~or ~~regarding~~understandings ~~common~~between ~~stock~~any ~~beneficially~~executive ~~owned~~officer onand ~~the~~any ~~date~~director ofor ~~this~~other ~~filing~~person ~~for~~pursuant ~~(i) each shareholder known by us~~ to bewhich ~~the~~any ~~beneficial~~person ~~owner~~was ofselected ~~five~~as ~~(5%)~~a ~~percent~~director or ~~more of~~an ~~our issued and outstanding common stock, (ii) each~~ executive officer ~~and director, and (iii) all executive officers and directors as a group~~. As of the date of the filing of this annual report, there were 34,000,000 shares of common stock issued and outstanding. The stockholder listed below has direct ownership of the shares and possesses sole voting and dispositive power with respect to the shares.

Name and Address of Beneficial Owner	Position(s) Held	Nature and Amount of Beneficial Ownership (1)	Percent of Outstanding Common Stock
Magellan Global Fund (2)	None	30,586,923	89.96%
525 B Street Suite 1500 San Diego,	CCA 92130	Direct
Roger Renken		1,000,000	2.94%
6523 California Ave Seattle, SW	WA 98136 CEO	Direct
All Officers and Directors as a group		1,000,000	2.94%

OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END

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

Roger Renken	-	-	-	-	-	-	-	-	-

~~(1)~~No Inpension ~~general,~~or aretirement ~~person~~benefit isplan ~~considered~~has abeen ~~beneficial~~adopted ~~owner~~and ofnone ais ~~security~~proposed ifat this ~~that~~time. ~~person~~There ~~has~~is orno ~~shares~~arrangement ~~the~~for ~~power~~compensation towith ~~vote~~respect orto ~~direct~~termination ~~the voting~~ of ~~such~~the ~~security,~~directors orin the ~~power~~event ~~to dispose~~ of ~~such~~change ~~security. A person is also considered to be a beneficial owner~~ of ~~any securities~~ control of ~~which~~ the ~~person has the right to acquire beneficial ownership within (60) days~~Company.

~~(2)~~Option The Magellan Global Fund, LP, is a Delaware Limited Partnership, formed in September 2006. The General Partner of the limited partnership is Orinda Advisors, LLC, a Delaware limited liability company, of which Harry Orfanos and Niko Lahanas, directors of registrant, are Managing Partners. Messrs. Orfanos and Lahanas are also Managing Partners of the Magellan Global Fund, LP.Grants

~~All~~There ofhave ~~these~~been ~~securities~~no ~~were~~individual ~~originally~~grants ~~issued~~of instock ~~reliance~~options ~~upon~~to ~~the~~purchase ~~exemption contained~~our incommon ~~Section~~stock ~~4(2)~~made to of the ~~Securities~~executive ~~Act~~officer ofnamed ~~1933,~~in ~~were issued to related parties of~~ the ~~registrant~~Summary ~~and bear~~Compensation ~~a restrictive legend~~Table.

~~Future~~Aggregated ~~Sales~~Option byExercises ~~Existing~~and ~~Stockholders~~Fiscal Year-End Option Value

AThere ~~total of 31,586,923 shares~~ have been ~~issued~~no tostock ~~the~~options ~~existing~~exercised stockholders, and are restricted securities, as that term is defined in Rule 144 of the Rules and Regulations of the SEC promulgated under the Act. Under Rule 144, such shares can be publicly sold, subject to volume restrictions and certain restrictions on the manner of sale, commencing six months after their acquisition. Any sale of shares held by the ~~existing~~executive ~~stockholder~~officer ~~(after~~named ~~applicable restrictions expire) and/or the sale of shares purchased~~ in ~~this offering (which would be immediately resalable after~~ the ~~offering), may have~~Summary aCompensation ~~depressive effect on the price of our common stock in any market that may develop, of which there can be no assurance~~Table.

~~Changes~~Long-Term inIncentive ~~Control~~Plan (“LTIP”) Awards

There ~~are~~have been no ~~arrangements~~awards ~~known~~made to ~~us,~~a ~~the~~named ~~operation~~executive ofofficer ~~which~~in ~~may~~the atlast acompleted ~~subsequent~~fiscal ~~date~~year ~~result~~under inany ~~a change of control of our company~~LTIP.

32Compensation of Directors

~~ITEM~~The ~~13.~~Board ~~CERTAIN~~of ~~RELATIONSHIPS~~Directors ~~AND~~has ~~RELATED~~the ~~TRANSACTIONS~~authority to fix the compensation of directors; however, no amounts have been paid to, or accrued to, our directors in such capacity and there are no plans at this time to compensate our directors.

WeITEM ~~are currently operating out of the offices of our President, Roger Renken, located at 4666 Mission Blvd, Suite 1, San Diego, California on a rent-free basis~~12. ~~There~~SECURITY isOWNERSHIP noOF ~~written~~CERTAIN ~~agreement~~BENEFICIAL orOWNERS ~~other~~AND material terms or arrangements relating to said arrangement. This agreement has been reflected as an increase in rent expense and contributed capital totaling $3,600, $3,600 and 15,000 for the fiscal years ended June 30, 2011 and 2010 and from inception (April 11, 2007) to June 30 ,2011.MANAGEMENT

OnThe ~~May~~following 8,table ~~2007,~~sets weforth ~~issued~~certain ainformation ~~total~~regarding ofcommon ~~30,000,000~~stock ~~shares~~beneficially owned ofon ~~common~~the ~~stock~~date toof ~~Magellan Global~~this ~~Fund,~~filing LP for ~~cash~~(i) ateach ~~$0.001~~shareholder ~~per~~known ~~share~~by ~~for~~us ato ~~total~~be the beneficial owner of ~~$30,000.~~five ~~The~~(5%) ~~Magellan~~percent ~~Global~~or ~~Fund,~~more ~~LP,~~of our isissued aand ~~Delaware~~outstanding ~~Limited Partnership~~common stock, ~~formed~~(ii) ineach ~~September~~executive ~~2006.~~officer ~~The~~and ~~General~~director, ~~Partner~~and of(iii) ~~the~~all ~~limited~~executive ~~partnership~~officers isand ~~Orinda~~directors as ~~Advisors,~~a ~~LLC,~~group. aAs ~~Delaware~~of ~~limited liability~~the ~~company,~~date of ~~which~~the ~~Harry~~filing ~~Orfanos~~of ~~and~~this ~~Niko~~annual ~~Lahanas~~report, ~~officers,~~there ~~directors~~were ~~and~~34,000,000 ~~principal~~shares ~~stockholders~~ of ~~the~~common ~~registrant, are~~stock ~~Managing~~issued ~~Partners.~~and ~~Messrs~~outstanding. The ~~Orfanos~~stockholder ~~and~~listed ~~Lahanas~~below ~~are~~has ~~also~~direct ~~Managing~~ownership ~~Partners~~ of the ~~Magellan~~shares ~~Global~~and ~~Fund,~~possesses LPsole voting and dispositive power with respect to the shares.

On May 9, 2007, the Magellan Global Fund, LP issued Roger Renken 1,000,000 shares of common stock for services he rendered to Magellan Fund in helping start up Crater Mountain Resources, Inc. The shares were purchased by Magellan Global Fund, LP and gifted to Mr. Renken.31

On May 9, 2007, the Magellan Global Fund, LP issued Orinda Advisors, LLC, a related party, 8,000,000 shares of common stock for services rendered to Magellan Global Fund , LP in overseeing the startup of Crater Mountain Resources, Inc.. Orinda Advisors, LLC, is a Delaware limited liability company, of which Harry Orfanos and Niko Lahanas, officers, directors and principal stockholders of the registrant, are Managing Partners. The shares were purchased by Magellan Global Fund, LP and gifted to Orinda Advisors, LLC.

Name and Address of Beneficial Owner	Position(s) Held	Nature and Amount of Beneficial Ownership (1)	Percent of Outstanding Common Stock


Magellan Global Fund (2)	None	30,586,923	89.96%
525 B Street Suite 1500 San Diego, CA 92130		Direct

Roger Renken	CEO	1,000,000	2.94%
6523 California Ave Seattle, WA 98136		Direct

All Officers and Directors as a group		1,000,000	2.94%

On(1) ~~May~~In 9general, ~~2007,~~a ~~the~~person ~~Magellan~~is ~~Global~~considered ~~Fund,~~a LPbeneficial ~~issued~~owner ~~Harry~~of ~~Orfanos~~a ~~7,000,000~~ security if that person has or shares the power to vote or direct the voting of ~~common~~such ~~stock~~security, ~~for~~or ~~services~~the ~~rendered~~power to ~~Magellan~~dispose ~~Global~~of ~~Fund,~~such LPsecurity. inA ~~helping~~person ~~start~~is upalso ~~Crater~~considered ~~Mountain~~to ~~Resources,~~be ~~Inc.~~a ~~The shares~~beneficial ~~were~~owner ~~purchased~~of byany ~~Magellan~~securities ~~Global~~of ~~Fund,~~which LPthe ~~and~~person ~~gifted~~has the right to ~~Mr.~~acquire ~~Orfanos~~beneficial ownership within (60) days.

On(2) ~~May~~The ~~9, 2007, the~~ Magellan Global Fund, LP, ~~issued~~is ~~Nicholas~~a ~~Lahanas~~Delaware 7Limited Partnership,~~000,000 shares~~ formed in September 2006. The General Partner of ~~common~~the ~~stock~~limited ~~for~~partnership ~~services~~is ~~rendered~~Orinda toAdvisors, ~~Magellan~~LLC, ~~Global~~a ~~Fund~~Delaware limited liability company, LPof inwhich ~~helping~~Harry ~~start~~Orfanos upand ~~Crater~~Niko ~~Mountain~~Lahanas, ~~Resources~~directors of registrant, ~~Inc~~are Managing Partners. ~~The shares~~Messrs. ~~were~~Orfanos ~~purchased~~and byLahanas are also Managing Partners of the Magellan Global Fund, LP ~~and gifted to Mr~~. ~~Lahanas.~~

OnAll ~~April~~of ~~14,~~these ~~2010,~~securities ~~Magellan~~were ~~Global~~originally ~~Fund,~~issued ~~LP,~~in ~~Orinda~~reliance ~~Advisors,~~upon ~~LLC,~~the ~~Nicholas~~exemption contained ~~Lahanas,~~in ~~Harry~~Section ~~Orfanos~~4(2) ~~and~~of ~~Roger~~the ~~Renken agreed~~Securities toAct ~~rescind~~of ~~all~~1933, ~~shares~~were ~~given~~issued ~~out~~to asrelated ~~gifts~~parties ~~and~~of ~~entered~~the ~~into~~registrant aand ~~Rescission~~bear ~~Agreement, leaving~~a ~~Magellan~~restrictive ~~Global Fund, LP as our sole stockholder~~legend.

OnFuture ~~January~~Sales 9, 2011, the Magellan Global Fund, LP issued Roger Renken 1,000,000 shares of common stock for services he rendered to Magellan Fund in helping start up Crater Mountain Resources, Inc. The shares were purchased by ~~Magellan~~Existing ~~Global Fund, LP and gifted to Mr. Renken.~~Stockholders

WeA dototal ~~not~~of ~~currently~~31,586,923 shares have ~~any~~been ~~conflicts~~issued ofto ~~interest~~the byexisting orstockholders, ~~among~~and ~~our~~are ~~current~~restricted ~~officer~~securities, oras ~~directors.~~that Weterm ~~have~~is ~~not~~defined ~~yet~~in ~~formulated~~Rule a144 ~~policy~~of ~~for~~the ~~handling~~Rules ~~conflicts~~and Regulations of ~~interest;~~the ~~however~~SEC promulgated under the Act. Under Rule 144, such weshares ~~intend~~can be publicly sold, subject to dovolume sorestrictions ~~upon~~and certain restrictions on the manner of sale, commencing six ~~completion~~months after their acquisition. Any sale of ~~our~~shares held by the existing stockholder (after applicable restrictions expire) and/or the sale of shares purchased in the initial public offering ~~and~~(which would be immediately resalable after the offering), may have a depressive effect on the price of our common stock in any ~~event~~market that may develop, ~~prior~~of towhich ~~hiring~~there ~~any~~can ~~additional~~be ~~employees~~no assurance.

33Changes in Control

~~ITEM~~There ~~14.~~are ~~PRINCIPAL~~no ~~ACCOUNTING~~arrangements ~~FEES~~known ~~AND~~to ~~SERVICES~~us, the operation of which may at a subsequent date result in a change of control of our company.

~~The~~On ~~aggregate~~May ~~fees~~8, ~~billed~~2007, ~~for~~we ~~professional~~issued ~~services~~a ~~rendered~~total byof ~~our~~30,000,000 ~~principal accountant~~shares ~~for~~of ~~the~~common ~~audit~~stock ofto ~~our~~Magellan ~~annual~~Global Fund, ~~financial~~LP ~~statements~~ for ~~the~~cash ~~fiscal~~at ~~year~~$0.001 ~~ended~~per ~~June~~share ~~30,~~for ~~2011~~a ~~were~~total of $430,000. ~~and~~The $3Magellan Global Fund,~~000~~ ~~for the~~LP, ~~fiscal~~is ~~year~~a ~~ended~~Delaware ~~June~~Limited 30Partnership, formed ~~2010~~in September 2006. The ~~reviews~~General ~~for~~Partner of the ~~financial~~limited ~~statements~~partnership ~~included~~is inOrinda ~~our~~Advisors, ~~quarterly~~LLC, ~~reports~~a onDelaware ~~Form~~limited ~~10-Q during~~liability ~~the~~company, ~~fiscal~~of ~~year~~which ~~ended June~~Harry 30Orfanos and Niko Lahanas, ~~2011~~ officers, directors and ~~2010~~principal ~~were~~stockholders $4of the registrant,~~500~~ are Managing Partners. Messrs. Orfanos and $4Lahanas are also Managing Partners of the Magellan Global Fund,~~500,~~ ~~respectively~~LP.

~~Audit~~On ~~Related~~May ~~Fees~~9, 2007, the Magellan Global Fund, LP issued Roger Renken 1,000,000 shares of common stock for services he rendered to Magellan Fund in helping start up Crater Mountain Resources, Inc. The shares were purchased by Magellan Global Fund, LP and gifted to Mr. Renken.

We incurred no fees for the fiscal years ended June 30, 2011 and 2010 for assurance and related services by our principal accountant that were reasonably related to the performance of the audit or review of our financial statements, and not reported under Audit Fees above.32

~~All~~On ~~Other~~May ~~Fees~~9, 2007, the Magellan Global Fund, LP issued Orinda Advisors, LLC, a related party, 8,000,000 shares of common stock for services rendered to Magellan Global Fund , LP in overseeing the startup of Crater Mountain Resources, Inc.. Orinda Advisors, LLC, is a Delaware limited liability company, of which Harry Orfanos and Niko Lahanas, officers, directors and principal stockholders of the registrant, are Managing Partners. The shares were purchased by Magellan Global Fund, LP and gifted to Orinda Advisors, LLC.

WeOn ~~incurred no~~May ~~other~~9, ~~fees~~2007, ~~during~~ the ~~fiscal~~Magellan ~~years~~Global ~~ended~~Fund, ~~June~~LP 30issued Harry Orfanos 7,000,000 ~~2011~~shares of ~~and~~common ~~2010~~stock for ~~products and~~ services rendered to Magellan Global Fund, LP in helping start up Crater Mountain Resources, Inc. The shares were purchased by ~~our~~Magellan ~~principal~~Global ~~accountants~~Fund, LP and gifted to Mr. Orfanos.

~~Audit~~On ~~Committee~~May ~~Requirements~~9, 2007, the Magellan Global Fund, LP issued Nicholas Lahanas 7,000,000 shares of common stock for services rendered to Magellan Global Fund, LP in helping start up Crater Mountain Resources, Inc. The shares were purchased by Magellan Global Fund, LP and gifted to Mr. Lahanas.

~~Section~~On ~~10A(i)~~April of14, ~~the~~2009, ~~Exchange~~Magellan ~~Act~~Global ~~prohibits~~Fund, ~~our~~LP, ~~auditors~~Orinda ~~from performing audit services for us~~Advisors, ~~as well as any services not considered to be "audit services"~~LLC, ~~unless~~Nicholas ~~such services are pre-approved~~Lahanas, byHarry ~~the~~Orfanos ~~audit~~and ~~committee~~Roger ofRenken ~~the~~agreed ~~Board~~to ofrescind ~~Directors,~~all orshares ~~unless~~given ~~the~~out ~~services~~as ~~meet~~gifts ~~certain de minimis standards. Because we are still in the development stage~~ and ~~have~~entered ~~not~~into ~~yet~~a ~~completed~~Rescission ~~our business plans and/or generated any revenues~~Agreement, ~~we have not yet appointed~~leaving anMagellan ~~audit~~Global ~~committee.~~Fund, ~~Our~~LP ~~Board~~as ofour ~~Directors~~sole ~~ensure that:~~stockholder.

·On ~~All~~January ~~audit~~9, ~~services~~2011, ~~that~~ the ~~auditor~~Magellan ~~may~~Global ~~provide~~Fund, toLP usissued orRoger ~~any~~Renken ~~subsidiary (including~~1, ~~without limitation~~000,000 ~~providing~~shares of ~~comfort~~common ~~letters~~stock infor ~~connection~~services ~~with~~he ~~securities~~rendered ~~underwritings~~to orMagellan ~~statutory~~Fund ~~audits)~~in ashelping ~~required~~start byup ~~§10A(i)(1)(A)~~Crater ofMountain ~~the~~Resources, ~~Exchange~~Inc. ~~Act~~The ~~(as~~shares ~~amended~~were purchased by ~~the~~Magellan ~~Sarbanes-Oxley~~Global ~~Act~~Fund, ofLP ~~2002)~~and ~~are~~gifted ~~preapproved~~to byMr. ~~the Board~~Renken.

·We ~~All~~do ~~non-audit~~not ~~services~~currently ~~(other~~have ~~than~~any ~~certain~~conflicts deof ~~minimis~~interest ~~services~~by ~~described~~or inamong ~~§10A(i)(1)(B)~~our ofcurrent ~~the~~officer ~~Exchange~~or directors. ~~Act~~We ~~(as~~have ~~amended~~not byyet ~~the~~formulated ~~Sarbanes-Oxley~~a ~~Act~~policy offor ~~2002)~~handling ~~that~~conflicts ~~the~~of ~~auditors~~interest; ~~propose~~however, towe ~~provide~~intend to usdo orso ~~any~~upon completion of our ~~subsidiaries~~initial ~~are~~public ~~preapproved~~offering byand, ~~the~~in ~~Board~~any event, prior to hiring any additional employees.

~~All~~ITEM ~~audit~~14. ~~fees~~PRINCIPAL ~~were~~ACCOUNTING ~~approved~~FEES byAND ~~the Board of Directors.~~SERVICES

~~PART~~Audit IVFees

~~ITEM~~The 15aggregate fees billed for professional services rendered by our principal accountant for the audit of our annual financial statements for the fiscal year ended June 30, 2012 were $4,000 and $4,000 for the fiscal year ended June 30, 2011. ~~EXHIBITS~~ The reviews for the financial statements included in our quarterly reports on Form 10-Q during the fiscal year ended June 30, 2012 and 2011 were $7,500 and $6,500, respectively.

~~The~~Audit ~~following~~Related Exhibits marked with an asterisk and required to be filed hereunder, are incorporated herein by reference and can be found in their entirety in our original Form S-1 Registration Statement, filed on May 22, 2008 under our SEC File Number 333-151085 on the SEC website at www.sec.gov. These exhibits are incorporated herein by this reference.Fees

~~Exhibit~~We ~~No.~~ incurred no fees for the fiscal years ended June 30, 2012 and 2011 for assurance and ~~Description~~ related services by our principal accountant that were reasonably related to the performance of the audit or review of our financial statements, and not reported under Audit Fees above.

*All ~~3(i) Articles~~Other ~~of Incorporation~~Fees

*We incurred no other fees during the fiscal years ended June 30, 2012 and 2011 for products ~~3(ii) Bylaws~~and services rendered by our principal accountants.

~~23.1 Consent~~Audit ofCommittee ~~Accountants~~Requirements

~~31.1~~ Section 10A(i) of the Exchange Act prohibits our auditors ~~Sec.~~from ~~302~~performing ~~Certification~~audit ofservices ~~Principal~~for us, as well as any services not considered to be "audit services", unless such services ~~Executive~~are ~~Officer/CEO~~pre-approved by the audit committee of the Board of Directors, or

~~31.2 Sec. 302 Certification of Principal Financial Officer/CFO~~33

34unless the services meet certain de minimis standards. Because we are still in the development stage and have not yet completed our business plans and/or generated any revenues, we have not yet appointed an audit committee. Our Board of Directors ensure that:

~~SIGNATURES~~· All audit services that the auditor may provide to us or any subsidiary (including, without limitation, providing comfort letters in connection with securities underwritings or statutory audits) as required by §10A(i)(1)(A) of the Exchange Act (as amended by the Sarbanes-Oxley Act of 2002) are preapproved by the Board.

~~Pursuant~~· toAll ~~the~~non-audit ~~requirements~~services of(other ~~Section~~than ~~13(a)~~certain orde 15minimis services described in §10A(di)(1)(B) of the ~~Securities~~ Exchange Act of(as ~~1934,~~amended by the ~~Registrant~~Sarbanes-Oxley ~~has~~Act ~~duly~~of ~~caused~~2002) ~~this~~that ~~report~~the auditors propose to beprovide ~~signed~~to onus ~~its~~or ~~behalf~~any byof ~~the~~our ~~undersigned,~~subsidiaries ~~thereunto~~are ~~duly~~preapproved ~~authorized~~by the Board.

~~CRATER~~All ~~MOUNTAIN~~audit ~~RESOURCES,~~fees ~~INC.,~~were ~~Registrant~~approved by the Board of Directors.

~~/s/ Roger~~PART ~~Renken~~ IV

~~By:~~ITEM ~~Roger~~15. ~~Renken, Principal Executive Officer and~~EXHIBITS

~~Principal~~The ~~Financial~~following ~~Officer~~Exhibits marked with an asterisk and required to be filed hereunder, are incorporated herein by reference and can be found in their entirety in our original Form S-1 Registration Statement, filed on May 22, 2008 under our SEC File Number 333-151085 on the SEC website at www.sec.gov. These exhibits are incorporated herein by this reference.

Dated: September 26, 2011

Exhibit No.		Description

* 3(i)		Articles of Incorporation
* 3(ii)		Bylaws
23.1		Consent of Accountants
31.1		Sec. 302 Certification of Principal Executive Officer/CEO
31.2		Sec. 302 Certification of Principal Financial Officer/CFO

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of Registrant and in the capacities and on the dates indicated:34

~~Dated: September 26, 2011~~SIGNATURES

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

~~By: Nicholas~~CRATER ~~Lahanas~~MOUNTAIN RESOURCES, ~~Director~~INC., Registrant

~~Dated: September~~/s/ ~~26,~~Roger ~~2011~~Renken

~~/s/ Harry~~By: ~~Orfanos~~ Roger Renken, Principal Executive Officer and

~~By: Harry~~Principal ~~Orfanos,~~Financial ~~Director~~Officer

35Dated: September 24, 2012

/s/ Nicholas Lahanas

By: Nicholas Lahanas, Director

Dated: September 24, 2012

/s/ Harry Orfanos

By: Harry Orfanos, Director

Dated: September 24, 2012

Filing Compare · CRATER MOUNTAIN RESOURCES, INC.