WESTMONT RESOURCES INC

CONSOLIDATED STATEMENT OF STOCKHOLDERS’ DEFICIT

FOR THE PERIOD FROM INCEPTION ON NOVEMBER 16, 2004 TO AUGUST 31, 2010

(AN EXPLORATION STAGE COMPANY)

	Date	Number of Preferred Shares			Par Value of Preferred Shares			Number of Common Shares			Par Value of Common Shares			Additional Paid -in Capital			Share Subscription Receivables			Surplus/(Deficit) Accumulated During the Exploration Phase			Total Stockholders Equity / (Deficit)
						0.001						0.001
Balance – November 16, 2004 (Date of Inception)	17-Nov-04		-			-			-			-			-			-			-			-
Common stock issued for cash at $0.001 per share	18-Nov-04		-			-			110,000			110			5,390			-			-			5,500
Share subscriptions received	16-Mar-04		-			-			-			-			-			10,700			-			10,700
Net loss for the period	1-Jun-04		-			-			-			-			-			-			(4,515	)		(4,515	)
Balance – May 31, 2005	1-Jun-05		-			-			110,000			110			5,390			10,700			(4,515	)		11,685
Common stock issued for cash at $0.02 per share	16-Aug-05		-			-			76,660			77			76,583			-			-			76,660
Subscriptions receivable	16-Sep-05		-			-			-			-			-			(10,700	)		-			(10,700	)
Net loss for the year	1-Jun-05		-			-			-			-			-			-			(16,226	)		(16,226	)
Balance – May 31, 2006	1-Jun-06		-			-			186,660			187			81,973			-			(20,741	)		61,419
Net loss for the year	1-Jun-06		-			-			-			-			-			-			(40,353	)		(40,353	)
Balance – May 31, 2007	1-Jun-07		-			-			186,660			187			81,973			-			(61,094	)		21,066
Net loss for the year	1-Jun-07		-			-			-			-			-			-			(60,832	)		(60,832	)
Balance – May 31, 2008	1-Jun-08		-			-			186,660			187			81,973			-			(121,926	)		(39,766	)
Common stock issued for services at $0.001 per share	22-Nov-08		-			-			340,000			340			16,660			-			-			17,000
Common stock issued for Avalon International services at $0.001 per share	22-Nov-08		-			-			450,000			450			22,050			-			-			22,500
Common stock issued for partial conversion of debt	7-Feb-09		-			-			40,000			40			30,041			-			-			30,081
Convertible preferred stock issued for services at $0.001 per share	17-Feb-09		60,000			60			-			-			2,940			-			-			3,000
Beneficial conversion feature for convertible preferred stock	17-Feb-09		-			-			-			-			3,000			-			-			3,000
Deemed dividend for preferred shares	17-Feb-09		-			-			-			-			(3,000	)		-			-			(3,000	)
Common stock issued for acquisition of Get2Networks, Inc. at $0.001 per share	2-Mar-09		-			-			866,000			866			42,434			-			-			43,300
Common stock issued for partial conversion of debt	21-May-09		-			-			50,000			50			35,500			-			-			35,550
Net loss for the year	1-Jun-09		-			-			-			-			-			-			(546,925	)		(546,925	)
Balance – May 31, 2009	1-Jun-09		60,000			60			1,932,660			1,933			231,598			-			(668,851	)		(435,260	)
Convertible preferred stock issued for services at $0.001 per share	26-Oct-09		30,000			30			-						1,470			-			-			1,500
Common stock issued for service at $0.001 per share	1-Dec-09								2,000,000			2,000			-			-			-			2,000
preferred stock issued for services at $0.001 per share	11-May-10		40,000			40									-			-			-			40
Common stock issued for service at $0.001 per share	11-May-10								30,000,000			30,000			-			-			-			30,000
Common stock cancelled for sale of G2N	11-May-10								(433,000	)		(433	)		433									-
Preferred stock cancelled for sale of G2N	11-May-10		(30,000	)		(30	)								30									-
Shares issued for conversion of debt	15-May-10								20,000,000			20,000			-			-			-			20,000
Net loss for the year	1-Jun-10		-			-			-			-			-			-			(447,113	)		(447,113	)
Balance – August 31, 2010	1-Jun-10		100,000			100			53,499,660			53,500			233,531			-			(1,115,964	)		(828,833	)
Net loss for the year	1-Sep-10		-			-			-			-			-			-						(39,129	)
Balance – August 31, 2010	1-Sep-10		100,000			100			53,499,660			53,500			233,531			-			(1,115,964	)		(867,962	)

WESTMONT RESOURCES INC

SECURITY OWNERSHIP

INSIDERS AND AFFILIATES AS OF AUGUST 31, 2010

(AN EXPLORATION STAGE COMPANY)

Title of Class	Name and Address of Beneficial Owner	Amount of Beneficial Ownership		Nature of Beneficial Ownership	Percent of Class			Ownership based on Shareholder	Percent of Voting Rights
COMMON STOCK
Common	Dr. Bruce Fischer - Managing Director and CEO 155 - 108th Ave NE, Suite 150, Bellevue WA 98004		22,312,652	Indirect		41.37	%	F&M Inc		29.86	%

Common	Glenn McQuiston - Director, President, 155 - 108th Ave NE, Suite 150, Bellevue WA 98004		1,174,350	Indirect		2.18	%	F&M Inc		1.57	%

Common	Amandip Japal 900 - 555 Burrard Street, Vancouver BC V7X 1M9 Canada		2,609,666	Indirect		4.84	%	0692545 BC LTD		3.49	%

Common	Jeffery T. Wing, Trustee #503, 1155 Robson St, Vancouver, BC V6E 1B5 Canada		2,609,666	Indirect		4.84	%	Bogat Family Trust		3.49	%

Common	Harpreet Hayer 7641 - 145 street, Surrey BC V3S 9C4 Canada		2,609,666	Direct		4.84	%	Harpreet Hayer		3.49	%

Common	Andrew Jarvis 155 - 108th Ave NE, Suite 150, Bellevue WA 98004		150,000	Direct		0.28	%	Andrew Jarvis		0.20	%

Common	Peter Lindhout 110 Wall Street, 11th Floor, New York, NY 10005		150,000	Direct		0.28	%	Peter Lindhout		0.20	%

Common	Javan King 110 Wall Street, 11th Floor, New York, NY 10005		150,000	Direct		0.28	%	Javan King		0.20	%

TOTAL PERCENTAGE OF VOTING RIGHTS OF COMMON INSIDERS AND AFFILIATES										42.51	%

Title of Class	Name and Address of Beneficial Owner	Amount of Beneficial Ownership		Nature of Beneficial Ownership	Percent of Class			Ownership based on Shareholder	Percent of Voting Rights
Class A Preferred Stock
Class A Preferred	Dr. Bruce Fischer - Managing Director and CEO 155 - 108th Ave NE, Suite 150, Bellevue WA 98004		95,000	Indirect		73.08	%	F&M Inc		20.34	%

Class A Preferred	Glenn McQuiston - Director, President, 155 - 108th Ave NE, Suite 150, Bellevue WA 98004		5,000	Indirect		3.85	%	F&M Inc		1.07	%

Class A Preferred	Andrew Jarvis 155 - 108th Ave NE, Suite 150, Bellevue WA 98004		10,000	Direct		7.69	%	Andrew Jarvis		2.14	%

Class A Preferred	Peter Lindhout 110 Wall Street, 11th Floor, New York, NY 10005		10,000	Direct		7.69	%	Peter Lindhout		2.14	%

Class A Preferred	Javan King 110 Wall Street, 11th Floor, New York, NY 10005		10,000	Direct		7.69	%	Javan King		2.14	%

TOTAL PERCENTAGE OF VOTING RIGHTS OF PREFERRED INSIDERS AND AFFILIATES										27.83	%

WESTMONT RESOURCES INC

SECURITY OWNERSHIP

OFFICERS AND DIRECTORS AS OF AUGUST 31, 2010

(AN EXPLORATION STAGE COMPANY)

Title of Class	Name and Address of Beneficial Owner	Amount of Beneficial Ownership		Nature of Beneficial Ownership	Percent of Class			Ownership based on Shareholder	Percent of Voting Rights
Officers & Directors									#REF!
Common	Dr. Bruce Fischer - Managing Director and CEO 155 - 108th Ave NE, Suite 150, Bellevue WA 98004		22,312,652	Indirect		41.37	%	F&M Inc		29.86	%
Class A Preferred	Dr. Bruce Fischer - Managing Director and CEO 155 - 108th Ave NE, Suite 150, Bellevue WA 98004		95,000	Indirect		73.08	%	F&M Inc		20.34	%

Common	Glenn McQuiston - Director, President, 155 - 108th Ave NE, Suite 150, Bellevue WA 98004		1,174,350	Indirect		2.18	%	F&M Inc		1.57	%
Class A Preferred	Glenn McQuiston - Director, President, 155 - 108th Ave NE, Suite 150, Bellevue WA 98004		5,000	Indirect		3.85	%	F&M Inc		1.07	%

Common	Marcie Corbin - Director, Chief Financial Officer 155 - 108th Ave NE, Suite 150, Bellevue WA 98004		-			0.00	%			0.00	%
Class A Preferred	Marcie Corbin - Director, Chief Financial Officer 155 - 108th Ave NE, Suite 150, Bellevue WA 98004		-			0.00	%			0.00	%

TOTAL PERCENTAGE OF VOTING RIGHTS OF OFFICERS AND DIRECTORS										52.84	%

WESTMONT RESOURCES INC

SECURITY OWNERSHIP

5% OWNERS AS OF AUGUST 31, 2010

(AN EXPLORATION STAGE COMPANY)

Title of Class	Name and Address of Owner	Name and Address of Beneficial Owner	Amount of Beneficial Ownership		Nature of Beneficial Ownership	Percent of Class			Ownership based on Shareholder	Percent of Voting Rights
5% Ownership Common Stock
Common	F&M Inc 155 - 108th Ave NE, Suite 150 Bellevue WA 98004			23,487,002	Direct		43.55	%			31.43	%
Common		Dr. Bruce Fischer - Managing Director and CEO 155 - 108th Ave NE, Suite 150, Bellevue WA 98004		22,312,652	Indirect		41.37	%	F&M Inc
Common		Glenn McQuiston - Director, President, 155 - 108th Ave NE, Suite 150, Bellevue WA 98004		1,174,350	Indirect		2.18	%	F&M Inc

Common	The Brooklyn Group Inc 106 E Sixth Street, Suite 900 Austin, Texas 78701	The Brooklyn Group Inc 106 E Sixth Street, Suite 900 Austin, Texas 78701		2,790,000	Direct		5.17	%			3.73	%

TOTAL PERCENTAGE OF VOTING RIGHTS OF COMMON 5% OWNERS											35.16	%

Title of Class	Name and Address of Beneficial Owner	Name and Address of Beneficial Owner	Amount of Beneficial Ownership		Nature of Beneficial Ownership	Percent of Class			Ownership based on Shareholder	Percent of Voting Rights
5% Ownership Class A Preferred Stock
Class A Preferred	F&M Inc 155 - 108th Ave NE, Suite 150 Bellevue WA 98004			100,000	Direct		76.92	%			21.41	%
Class A Preferred		Dr. Bruce Fischer - Managing Director and CEO 155 - 108th Ave NE, Suite 150, Bellevue WA 98004		95,000	Indirect		73.08	%	F&M Inc
Class A Preferred		Glenn McQuiston - Director, President, 155 - 108th Ave NE, Suite 150, Bellevue WA 98004		5,000	Indirect		3.85	%	F&M Inc

Class A Preferred	Andrew Jarvis 155 - 108th Ave NE, Suite 150 Bellevue WA 98004	Andrew Jarvis 155 - 108th Ave NE, Suite 150 Bellevue WA 98004		10,000	Direct		7.69	%	Andrew Jarvis		2.14	%

Class A Preferred	Peter Lindhout 110 Wall Street, 11th Floor New York, NY 10005	Peter Lindhout 110 Wall Street, 11th Floor New York, NY 10005		10,000	Direct		7.69	%	Peter Lindhout		2.14	%

Class A Preferred	Javan King 110 Wall Street, 11th Floor New York, NY 10005	Javan King 110 Wall Street, 11th Floor New York, NY 10005		10,000	Direct		7.69	%	Javan King		2.14	%

TOTAL PERCENTAGE OF VOTING RIGHTS OF CLASS A PREFERRED INSIDERS AND AFFILIATES											27.83	%

WESTMONT RESOURCES INC. 10-Q