CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended		67 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	Nov. 30, 2011	Nov. 30, 2010	Nov. 30, 2011
Cash Flows From Operating Activities
Net loss	$ (1,927,907)	$ (831,385)	$ (9,918,903)
Adjustments to reconcile net loss to net cash (used in) operating activities:
Depreciation	23,309	3,263	65,431
Donated services	0	0	3,000
Interest and financing fees, including discount accretion	705,959	139,756	2,281,728
Common stock issued for services	111,404	23,288	436,196
Property impairment	0	0	9,771
Stock based compensation	285,950	78,206	2,104,351
Net changes in noncash working capital items:
(Increase) decrease - Prepaid expenses	(67,679)	(25,303)	(305,447)
Increase (decrease) - Accounts payable	72,729	(16,003)	538,693
Increase - Due to/from related parties	32,117	64,569	164,729
Net cash flows used in operating activities	(764,117)	(566,431)	(4,636,946)
Cash flows from investing activities
Purchase of equipment	(100,993)	(25,600)	(455,846)
Mineral properties and deposits	(118,534)	(30,000)	(1,073,934)
Net cash flows used in investing activities	(219,527)	(55,600)	(1,529,780)
Cash flows from financing activities
Issuance of common shares for cash - private placements	215,000	955,000	6,664,700
Exercise of warrants - proceeds	191,250	0	575,750
Installment loan - proceeds	0	0	41,584
Installment loan - repayments	(8,281)	(6,500)	(39,107)
Bridge loan - related party	0	0	75,000
Convertible notes - related parties	0	0	100,000
Net cash flows provided by financing activities	397,969	948,500	7,417,927
Net increase in cash	(585,675)	326,469	1,251,202
Cash - beginning of period	1,836,877	325,756	0
Cash - end of period	1,251,201	652,225	1,251,201
Supplemental disclosures
Interest paid	0	231	517
Taxes paid	0	0	0
Conversion of related party debt to shares and warrants	0	0	127,244
Conversion of related party convertible notes to common shares	0	0	111,000
Mineral properties acquired - short-term payments	0	0	1,100,000
Mineral properties acquired - long-term payments, net of discount	0	0	3,576,170
Mineral properties acquired - fair value of common shares issued	1,440,000	0	3,560,000
Convertible notes issued for property and equipment	2,000,000	0	0
Assets acquired for assumed liability	325,205	0	0
Deferred income tax gross-up	$ 405,000	$ 0	$ 0

Ruby Creek Resources, Inc. 10-Q/A