v2.4.0.8

Consolidated Balance Sheets (USD $)	Jan. 31, 2014	Jan. 31, 2013
CURRENT ASSETS:
Cash	$ 27,007	$ 7,163
Prepaid expenses	8,311
Total Current Assets	35,318	7,163
OTHER ASSETS
Mineral properties	174,013	21,291
Total Other Assets	174,013	21,291
Total Assets	209,331	28,454
LIABILITIES AND STOCKHOLDERS' DEFICIT
Accounts payable and accrued expenses	17,141	28,844
Convertible notes, net of discounts of $111,562 and $0	15,938
Derivative liability	214,050
Advances from stockholders	99,951	23,000
Total Current Liabilities	347,080	51,844
STOCKHOLDERS' DEFICIT:
Preferred stock par value $0.0001: 25,000,000 shares authorized; none issued or outstanding	0	0
Common stock par value $0.0001: 300,000,000 shares authorized; 71,542,799 and 3,000,000 shares issued and outstanding, respectively	7,154	300
Additional paid-in capital	1,359,630	(299)
Deficit accumulated during the exploration stage	(1,504,533)	(23,391)
Total Stockholders' Deficit	(137,749)	(23,390)
Total Liabilities and Stockholders' Deficit	$ 209,331	$ 28,454

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

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Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders. Includes adjustments to additional paid in capital. Some examples of such adjustments include recording the issuance of debt with a beneficial conversion feature and certain tax consequences of equity instruments awarded to employees. Use this element for the aggregate amount of additional paid-in capital associated with common and preferred stock. For additional paid-in capital associated with only common stock, use the element additional paid in capital, common stock. For additional paid-in capital associated with only preferred stock, use the element additional paid in capital, preferred stock.

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Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.

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Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Excludes cash and cash equivalents within disposal group and discontinued operation.

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Including the current and noncurrent portions, carrying value as of the balance sheet date of a written promise to pay a note, initially due after one year or beyond the operating cycle if longer, which can be exchanged for a specified amount of one or more securities (typically common stock), at the option of the issuer or the holder.

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Cumulative net losses reported during the development stage.

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Amounts due to recorded owners or owners with a beneficial interest of more than 10 percent of the voting interests or officers of the company. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Tungsten Corp. 10-K