RELATED PARTY TRANSACTIONS	3 Months Ended
Oct. 31, 2012
Notes
RELATED PARTY TRANSACTIONS	NOTE 6 - RELATED PARTY TRANSACTIONS On August 28, 2007, the Company issued a promissory note in the amount of $10,000 to a former director and officer of the Company. This promissory note is unsecured, bears no interest and is due on demand (Note 4). During fiscal 2008, the former director and officer loaned the Company a further $338. This loan is also unsecured, bears no interest and is due on demand. As of October 31, 2012, $16,158 was owed to former directors and officers of the Company for expenses paid on behalf of the Company in fiscal 2009 and 2010. During the period ended October 31, 2012, the Company issued 4,039,750 common shares to a consultant and shareholder of the Company for the settlement of accounts payable of $100,595 in fiscal 2012 (Note 5). Included in the accounts payable is an amount of $49,031 due to a consultant and shareholder of the Company (April 30, 2012 - $65,917).

RELATED PARTY TRANSACTIONS

3 Months Ended

Oct. 31, 2012

NOTE 6 - RELATED PARTY TRANSACTIONS

On August 28, 2007, the Company issued a promissory note in the amount of $10,000 to a former director and officer of the Company. This promissory note is unsecured, bears no interest and is due on demand (Note 4). During fiscal 2008, the former director and officer loaned the Company a further $338. This loan is also unsecured, bears no interest and is due on demand.

As of October 31, 2012, $16,158 was owed to former directors and officers of the Company for expenses paid on behalf of the Company in fiscal 2009 and 2010.

During the period ended October 31, 2012, the Company issued 4,039,750 common shares to a consultant and shareholder of the Company for the settlement of accounts payable of $100,595 in fiscal 2012 (Note 5).

Included in the accounts payable is an amount of $49,031 due to a consultant and shareholder of the Company (April 30, 2012 - $65,917).

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

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Reference 2: http://www.xbrl.org/2003/role/presentationRef

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Reference 3: http://www.xbrl.org/2003/role/presentationRef

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Reference 4: http://www.xbrl.org/2003/role/presentationRef

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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

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Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

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Reference 7: http://www.xbrl.org/2003/role/presentationRef

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Reference 8: http://www.xbrl.org/2003/role/presentationRef

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Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

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+ Details

Nilam Resources Inc. 10-Q