UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

[ X ] ANNUAL REPORT PURSUANT TO SECTION 13 0R 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934


[X]	ANNUAL REPORT PURSUANT TO SECTION 13 0R 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

	For the fiscal year ended August 31, 2012

[ ]	TRANSITION REPORT PURSUANT TO SECTION 13 0R 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

	For the transition period from ________________ to ________________

	Commission file number 000-53784

For the fiscal year ended August 31, 2011

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 0R 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission file number 000-53784

PIONEER EXPLORATION INC.

(Exact name of registrant as specified in its charter)

Incorporated in the State of Nevada (State or other jurisdiction of incorporation or organization)	98-0491551 (I.R.S. Employer Identification No.)
Incorporated in the State of Nevada	98-0491551
2700 Newport Boulevard, Suite 190 Newport Beach, California (Address of principal executive offices)	92663 (Zip Code)
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
2700 Newport Boulevard, Suite 190 Newport Beach, California	92663
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (877) 700-0422

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Name of each exchange on which registered ____________ ____________

Securities registered pursuant to Section 12(g) of the Act:

common stock - $0.001 par value

(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 [X] No

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 [ X ] No

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 [ X ] No

Note - Checking the box above will not relieve any registrant required to file reports pursuant to Section 13 or Section 15(d) of the Exchange Act from their obligations under those sections.

~~Page~~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. [X] Yes [ ] No

Indicate by check mark whether the registrant ~~(1)~~ has ~~filed~~submitted ~~all~~electronically ~~reports~~and posted on its corporate Web site, if any, every Interactive Data File required to be ~~filed~~submitted byand ~~Section~~posted 13pursuant orto ~~15(d)~~Rule 405 of ~~the~~Regulation ~~Securities~~S-T ~~Exchange~~(§ ~~Act~~232.405 of ~~1934~~this chapter) during the ~~preceding~~proceeding 12 months (or for such shorter period that the registrant was required to ~~file~~submit ~~such reports),~~ and ~~(2)~~post ~~has been subject to~~ such ~~filing requirements for the past 90 days~~files). [ X ] Yes [ X] No

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, 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 preceeding 12 months (or for such shorter period that the registrant was required to submit and post such files).[ ] 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, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer”, “accelerated filer” and “smaller reporting company in Rule 12b-2 of the Exchange Act.

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

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

[State Xthe ]aggregate ~~Yes [ ] No~~market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was sold, or the average bid and asked price of such common equity, as of the last business day of the registrant’s most recently completed second fiscal quarter: $6,923,955 ($0.79X 8,764,500) as of February 28, 2012

State the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was sold, or the average bid and asked price of such common equity, as of the last business day of the registrant’s most recently completed second fiscal quarter: $11,905,697 ($1.3584 X 8,764,500) as of February 28, 2011

State the number of shares outstanding of each of the issuer’s classes of common equity, as of the latest practicable date.

Class	Outstanding at December 1314, ~~2011~~2012
common stock - $0.001 par value	49,764,500

Documents incorporated by reference: Exhibit 3.1 (Articles of Incorporation) and Exhibit 3.2 (By-laws) both filed as exhibits to Pioneer’s registration statement on Form SB-2 filed on July 13, 2006; Exhibit 3.3 (Certificate of Incorporation of IBA Green, Inc.) and Exhibit 3.4 (By-laws of IBA Green, Inc.) both filed as exhibits to Pioneer’s Form 8-K/A - Current Report –- Amendment #1 filed on November 1, 2011; Exhibit 10.12 (Letter Agreement (Scola)) filed as an exhibit to Pioneer’s Form 8-K (Current Report) filed on October 12, 2011; Exhibit 10.13 (Share Purchase Agreement (IBA Green)) filed as exhibits to Pioneer’s Form 8-K/A - ~~Currnet~~Current Report –- Amendment #1 filed on November 1, 2011; Exhibit 14 (Code of Ethics) filed as an exhibit to Pioneer’s Form 10-Q (Quarterly Report) filed on April 16, 2008; and Exhibit 99.1 (Disclosure Committee Charter) filed as an exhibit to Pioneer’s Form 10-Q (Quarterly Report) filed on April 20, 2009.

~~Page -~~ 2

Forward Looking Statements

The information in this annual report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve risks and uncertainties, including statements regarding Pioneer’s capital needs, business strategy and expectations. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “will”, “should”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict”, “potential” or “continue”, the negative of such terms or other comparable terminology. Actual events or results may differ materially. In evaluating these statements, you should consider various factors, including the risks outlined from time to time, in other reports Pioneer’s files with the Securities and Exchange Commission.

The information constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements in this Form 10-K for the fiscal year ended August 31, 2011, are subject to risks and uncertainties that could cause actual results to differ materially from the results expressed in or implied by the statements contained in this report. As a result, the identification and interpretation of data and other information and their use in developing and selecting assumptions from and among reasonable alternatives requires the exercise of judgment. To the extent that the assumed events do not occur, the outcome may vary substantially from anticipated or projected results, and accordingly, no opinion is expressed on the achievability of those forward-looking statements. No assurance can be given that any of the assumptions relating to the forward-looking statements specified in the following information are accurate.

All forward-looking statements are made as of the date of filing of this Form 10-K and Pioneer disclaims any obligation to publicly update these statements, or disclose any difference between its actual results and those reflected in these statements. Pioneer may, from time to time, make oral forward-looking statements. Pioneer strongly advises that the above paragraphs and the risk factors described in this Annual Report and in Pioneer’s other documents filed with the United States Securities and Exchange Commission should be read for a description of certain factors that could cause the actual results of Pioneer to materially differ from those in the oral forward-looking statements. Pioneer disclaims any intention or obligation to update or revise any oral or written forward-looking statements whether as a result of new information, future events or otherwise.

~~PART~~Part I

Item 1. ~~Description of Business.~~

~~(a)~~ Business ~~Development~~.

~~Pioneer Exploration Inc.~~ (~~“Pioneer”) is~~ a ~~Nevada corporation that was incorporated on June 9, 2005.~~)

OnBusiness ~~October 28, 2011, pursuant to the terms and conditions of a Share Purchase Agreement, Pioneer acquired 100% ownership of IBA Green, Inc~~Development., which was formed under the laws of Delaware on July 21, 2011 (“IBA Green”). Also, Pioneer indirectly owns through IBA Green a 100% interest in United States Patent No. 7,581,903 B1, entitled “METHOD OF MANUFACTURE AND INSTALLATION FLOWABLE THERMAL BACKFILLS. See Exhibit 10.13 – Share Purchase Agreement for more details.

~~Since~~Pioneer ~~the~~Exploration ~~date~~Inc. of(“Pioneer”) ~~inception,~~is ~~IBA~~a ~~Green~~Nevada ~~has~~corporation ~~been developing technology~~ that ~~will~~was beincorporated ~~used~~on inJune ~~the~~9, ~~treatment and conversion of incinerated bottom ash~~2005.

~~Currently~~On October 28, ~~neither~~2011, pursuant to the terms and conditions of a Share Purchase Agreement, Pioneer ~~nor~~acquired 100% ownership of IBA Green, ~~have~~Inc., ~~any~~which ~~manufacturing~~was ~~facilities~~formed under the laws of Delaware on July 21, ~~operations~~2011 (“IBA Green”). Also, ~~suppliers~~Pioneer indirectly owns through IBA Green a 100% interest in United States Patent No. 7,581,903 ~~products~~B1, orentitled ~~customers,~~“METHOD ~~nor~~OF ~~any~~MANUFACTURE ~~current~~AND ~~means~~INSTALLATION ofFLOWABLE ~~generating~~THERMAL ~~revenues~~BACKFILLS. See Exhibit 10.13 - Share Purchase Agreement for more details.

~~Pioneer~~Since ~~maintains~~the ~~its~~date ~~statutory~~of ~~resident agent’s office at 1859 Whitney Mesa Drive~~inception, ~~Henderson,~~IBA ~~Nevada,~~Green ~~89014~~has ~~and~~been ~~its~~developing ~~business~~technology ~~office~~that iswill ~~located~~be atused ~~750~~in ~~West~~the ~~Pender~~treatment ~~Street,~~and ~~Suite~~conversion ~~202,~~of ~~Vancouver,~~incinerated ~~British~~bottom ~~Columbia, V6C 2T7, Canada~~ash. ~~Pioneer’s office telephone number is (604) 618-0948.~~

~~Pioneer has an authorized capital of 75~~Currently,~~000,000~~ ~~shares,~~neither ~~consisting~~Pioneer ofnor ~~(a)~~IBA ~~65,000,000~~Green ~~shares~~has ofany ~~Common~~manufacturing ~~Stock with a par value of $0.001 per share~~facilities, ~~of which 49~~operations,~~764,500~~ ~~shares of Common Stock are currently issued and outstanding~~suppliers, ~~and (b) 10~~products,~~000,000~~ ~~shares~~or ~~of Preferred Stock with a par value of $0.001 per share~~customers, ofnor ~~which~~any nocurrent ~~shares~~means of ~~Preferred~~generating ~~Stock are issued or outstanding~~revenues.

~~Page~~Pioneer -maintains 3its statutory resident agent’s office at 1859 Whitney Mesa Drive, Henderson, Nevada, 89014 and its business office is located at 2700 Newport Boulevard, Suite 190, Newport Beach, California, 92663. Pioneer’s office telephone number is (877) 700-0422.

Neither Pioneer ~~has~~nor ~~not~~IBA Green has been involved in any bankruptcy, receivership or similar proceedings. There ~~has~~have been no material ~~reclassification~~reclassifications, ~~merger~~mergers, ~~consolidation~~consolidations or ~~purchase~~purchases or ~~sale~~sales of a significant amount of assets not in the ordinary course of Pioneer’s business, with the exception of the acquisition of IBA Green.

~~(b) Business of Pioneer~~3

~~Pioneer~~See is“Business ~~a holding company with its sole business being the management~~ of ~~IBA~~Pioneer” ~~Green~~and “Management’s ~~business. IBA~~Discussion ~~Green~~and isAnalysis aor ~~technology~~Plan ~~company~~of ~~that~~Operations” ~~develops~~below ~~and~~for ~~utilizes~~more ~~technology~~information ~~designed~~on ~~to be used in~~ the ~~treatment~~business ~~and conversion~~ of ~~incinerated~~Pioneer ~~bottom~~and ~~ash~~its subsidiary.

IBA Green has developed a process to mitigate the environmental issues of the toxic end products of the Waste-to-Energy industry, and has developed a patented process to safely and profitably utilize the toxic end product (~~the “IBA Technology”~~b)~~. The IBA Technology will work in synergy with the Waste-to-Energy industry, converting the toxic end products into commercially viable green construction products.~~

~~Waste-to~~Business ~~energy (WtE) or energy-form-waste (EfW) is the process~~ of ~~creating~~IBA ~~energy~~Green in the form of electricity or heat from the incineration of waste sources. Incineration, the combustion of organic material such as waste with energy recovery is the most common WtE implementation. After incineration, solid waste is reduced to 10% of its original volume and contains traces of lead, zinc, and mercury. This toxic end product is commonly referred to as “incinerated bottom ash” or “IBA”.

~~The~~Pioneer ~~IBA Technology~~ is a ~~cost~~holding ~~effective~~company ~~process~~with ~~for~~its ~~stabilizing~~sole ~~the~~business ~~chemical~~being ~~structure and altering~~ the ~~mechanical~~management ~~qualities~~ of IBA~~. This~~ ~~proprietary~~Green’s ~~process will enable~~ business. IBA Green tois ~~up-cycle~~a ~~IBA~~technology ~~into~~company ~~commercially viable construction aggregate products~~ that ~~will~~has ~~meet~~developed ~~industry performance specifications~~ and will ~~exceed~~utilize ~~environmental~~technology ~~standards,~~designed ~~including the latest US EPA standards dealing with extractable metals content testing. IBA Green plans~~ to ~~utilize~~be ~~its~~used ~~reclamation~~in ~~and recycling technology to convert~~ the ~~millions~~treatment ofand ~~tons~~conversion of ~~IBA~~incinerated ~~impounded~~bottom ~~in landfills and leaching toxins into ecosystems to valuable green, marketable construction resources~~ash.

~~Products~~IBA Green has developed a process to mitigate the environmental issues of the toxic end products of the Waste-to-Energy industry, and ~~Services~~has developed a patented process to safely and profitably utilize the toxic end product (the “IBA Technology”). The IBA Technology works in synergy with the Waste-to-Energy industry, converting the toxic end products into commercially viable green construction products.

~~The~~Waste-to ~~IBA~~energy ~~Technology~~(WtE) ~~will~~or ~~blend~~energy-form-waste ~~various~~(EfW) ~~materials~~is ~~with~~ the ~~IBA~~process toof ~~stabilize~~creating ~~the~~energy ~~IBA. Once~~in the ~~IBA~~form ~~has~~of ~~been~~electricity ~~stabilized,~~or ~~IBA~~heat ~~Green~~from ~~will~~the ~~manufacture~~incineration ~~engineered~~of ~~construction~~waste ~~aggregates~~sources. ~~The~~ Incineration, ~~aggregates~~the ~~will~~combustion beof ~~engineered-gradations~~organic ~~that~~material ~~enhance~~such ~~the~~as ~~mechanical~~waste ~~properties~~with ofenergy ~~IBA’s~~recovery ~~products~~is (the ~~“IBA~~most ~~Aggregates”)~~common WtE implementation. ~~These~~ After ~~unique~~incineration, ~~blends~~solid ~~may~~waste ~~then~~is bereduced ~~used~~to ~~for~~10% ~~engineered~~of ~~products~~its ~~with~~original ~~predetermined~~volume ~~structural~~and ~~properties;~~contains ~~similar~~traces toof ~~the~~lead, ~~way~~zinc, ~~recycled~~and ~~wood~~mercury. This ~~chips~~toxic ~~and~~end ~~sawdust~~product ~~are~~is ~~incorporated~~commonly ~~into~~referred ~~engineered~~to ~~structural~~as ~~wood~~“incinerated ~~products~~bottom ash” or “IBA”.

~~From~~The IBA Technology is a cost effective process for stabilizing the chemical structure and altering the mechanical qualities of IBA. This ~~Aggregates,~~proprietary process that will enable IBA Green to up-cycle IBA into commercially viable construction aggregate products that will ~~produce~~meet ~~two~~industry ~~product~~performance ~~groups:~~specifications and exceed environmental standards, including the latest US EPA standards dealing with extractable metals content testing. IBA Green plans to utilize its reclamation and recycling technology to convert the millions of tons of IBA impounded in landfills and leaching toxins into ecosystems to valuable green, marketable construction resources

1.Products ~~Construction~~and ~~Aggregates~~Services

The ~~construction~~IBA ~~aggregates~~Technology will ~~utilize~~blend ~~Portland~~various ~~cement~~materials orwith ~~other~~the ~~products~~IBA ~~mixed~~to ~~with~~stabilize the IBA. Once ~~Aggregates~~the toIBA ~~form~~is ~~concrete~~stabilized, ~~product lines.~~ IBA Green’s ~~primary~~will manufacture engineered construction aggregates ~~products~~using the stabilized IBA. The aggregates will ~~include:~~be engineered-gradations that will enhance the mechanical properties of IBA’s products (the “IBA Aggregates”). These unique blends may then be used for engineered products with predetermined structural properties; similar to the way recycled wood chips and sawdust are now incorporated into engineered structural wood products.

·From ~~Controlled-density~~the ~~fills~~IBA ~~(thermal~~Aggregates, ~~and~~IBA ~~non-thermal)~~Green ~~for~~will ~~superior~~produce ~~trench~~two ~~restoration~~product ~~with zero settlement and the ability to re-excavate~~groups:

~~· Duct-bank concrete (thermal and non-thermal) for utility conduit encasement and protection~~1.

·Construction ~~Grouts (thermal and non-thermal, cementitous and non-cementitous) for directional drilling and compaction grouts~~Aggregates

·The ~~Foamed~~construction ~~concretes~~aggregates utilize Portland cement or other products mixed with the IBA Aggregates to form concrete product lines. IBA Green’s primary construction aggregates products include:

· ~~High-strength, rapid-setting concretes for infrastructure repair, bridge, tunnel and roads~~

2.Controlled-density ~~Pre~~fills (thermal and non-~~cast~~thermal) ~~Concrete~~for ~~Products~~superior trench restoration with zero settlement and the ability to re-excavate

Pre-cast concrete products will utilize nanotechnology elements integrated into the engineered aggregates. These will create a corrosion resistant and high strength product line that will replace structural concrete in corrosive and degrading environments such as bridge decks, or in areas where concrete is subjected to salts, reactive soils, or wastewater streams.·

~~Page~~Duct-bank concrete (thermal and non-thermal) 4for utility conduit encasement and protection

~~IBA Green’s precast concrete products will include:~~·

·Grouts ~~Concrete~~(thermal ~~pipe~~and non-thermal, cementitous and non-cementitous) for directional drilling and compaction grouts

· ~~Pipe supports~~

·Foamed ~~Road barriers~~concretes

· ~~Light pole bases~~

·High-strength, ~~Pad~~rapid-setting ~~mounts~~concretes for infrastructure repair, bridge, tunnel and roads

~~· Structural beams~~2.

~~Thermal~~Pre-cast Concrete Products

~~IBA~~Pre-cast ~~Green~~concrete ~~plans on developing a line of performance~~ products toutilize ~~enhance~~nanotechnology ~~and~~elements ~~support~~integrated ~~the~~into ~~electric industry rebuilding~~ the ~~electric~~engineered ~~grid~~aggregates. These increate ~~the~~a ~~United~~corrosion ~~States~~resistant and ~~abroad,~~high asstrength ~~well~~product asline ~~providing~~that ~~eco-friendly~~can ~~materials~~replace ~~for~~structural ~~burgeoning~~concrete ~~renewable~~in ~~green~~corrosive ~~energy industries. IBA Green’s Thermal concrete~~ and ~~Thermal~~degrading ~~backfill~~environments ~~products~~such ~~will~~as bebridge ~~developed~~decks, ~~for~~or ~~the~~in ~~purpose~~areas ofwhere ~~enhancing~~concrete ~~both~~is ~~the~~subjected ~~longevity~~to ~~and~~salts, ~~performance~~reactive ~~specifications~~soils, ofor ~~high~~wastewater ~~voltage underground electric transmission cables~~streams.

~~Fly Ash Polymer Concretes - The Eternal Cement~~4

Polymer concrete is a high performance material which contains Pozzolans. Pozzolans have high values of mechanical parameters and chemical resistance maintaining anti-corrosion protection and excellent mechanical strength. Artificial Pozzolana is derived from fly-ash, which IBA Green’s ~~will~~precast ~~use~~concrete toproducts ~~produce Fly Ash Polymer concrete.~~include:

~~Markets~~·

~~IBA~~Concrete Green’s sales strategy is to identify the applications and products needed in each local market. Management expects to become the “preferred material provider” for local electric utilities and municipalities.pipe

~~IBA Green has adopted a multi-pronged marketing approach, including public-private partnerships, strategic industrial partners, third-party distribution channels, and direct sales.~~·

InPipe public-private partnerships, management believes it can bridge the gap between disparate government entities and private companies. Management believes that the agency that regulate waste ( US EPA ) does not interact with the agency that regulate roadways and infrastructure (The Department of Transportation). With WtE plants becoming a more attractive alternative energy source, the IBA Technology is a viable solution to the critical IBA waste disposal problem and may also reduce construction costs by utilizing IBA aggregates rather than virgin materials. Management believes that these facts will encourage more local and state governments to codify the use of the recycled IBA into their roadways and infrastructure. Once government specifications are in place, construction companies for municipal and private customers will be able buy their aggregate products from a local, eco-friendly source.supports

Potential strategic industrial partners will include any company currently involved in waste management and recycling, such as Covanta Energy, and Wheelabrator Technologies along with utility companies such as Dominion Power or National Grid and energy producers such as American Electric Power and Tennesse Valley Authority. The management team of IBA Green has 40 years of experience working in the power utility business, and plans to expand its marketing outreach, both nationally and globally with IBA Technology.·

~~Third-party~~Road distribution channels would be set up via a franchise or strategic partner model. IBA Green has targeted several market locations such as the states of Illinois and Hawaii that have ash disposal problems that management believes are rich in opportunity. As these geographic locations are developed by IBA Green management would consider identifying local strategic partners to purchase or manage these locations. In addition, management envisions small-scale solutions for small municipalities and large institutions that can be independently operated.barriers

Lastly, direct sales will be made to other material processors who can utilize the recycled IBA for their specific construction material products. One example of this customer might be material suppliers who’s virgin resources quarries may be in the process of depletion, or that their virgin aggregates are of poor quality and may not meet specification.·

~~Management~~Light ~~sees~~pole both developed countries and emerging economies as essentially unlimited markets for its recycled IBA Aggregates due to the need for utilities infrastructures in developing countries and for maintenance and repair of aging utilities in the developed countries.bases

One critical issue facing the United States market at this point in history is the breakdown and failure of the electrical grid transmission and distribution system. This infrastructure crisis is identified and addressed in the Clean Energy Act of 2005. The research behind the Clean Energy Act of 2005 calls for the rebuilding of the entire electric grid, with spending estimated at $8 billion annually for construction. Virtually all the IBA generated from United States WtE plants could be converted into aggregate products used in construction products to rebuild this electrical grid.·

~~Page~~Pad ~~- 5~~mounts

~~Distribution Methods~~·

~~IBA~~Structural ~~Green’s distribution method will be to treat and neutralize the ash on-site of the coal burning facility, eliminating the transportation, tipping and legacy insurance costs.~~beams

~~The~~Thermal largest target market for our IBA Green technology are municipal electric utility power providers which transport the ash they manufacture daily to one of the 1300 municipal or private landfills or mono-fill ash dumps located across the United States. The cost to utility power providers to dispose of their ash exceeds the actual tipping fees paid to dump facilities, which is due to the transportation costs of fuel, trucking, and rail expense.Products

~~Another~~IBA Green plans on developing a line of ~~our~~performance ~~large~~products ~~volume~~to ~~target~~enhance ~~markets~~and ~~are~~support the ~~ash~~electric ~~landfills~~industry rebuilding the electric grid in the United States and ~~monofills~~abroad, as well as providing eco-friendly materials for burgeoning renewable green energy industries. ~~These~~IBA ~~dump~~Green’s ~~sites~~Thermal ~~are~~concrete ~~located~~and ~~across~~Thermal backfill products will be developed for the ~~country~~purpose of enhancing both the longevity and ~~are~~performance ~~rich~~specifications ~~with~~of ~~IBA~~high voltage underground electric transmission cables.

~~The~~Fly ~~distribution~~Ash ~~model~~Polymer ~~that~~Concretes ~~IBA Green is developing is based on plant mobility utilizing on~~-~~site~~ ~~feedstock. Setting~~The upEternal mobile manufacturing plants at each site provides accessible aggregate deposits that IBA Green converts into marketable construction aggregate products, while also systematically and safely eliminating all the environmental hazards.Cement

~~Several~~Polymer ~~key~~concrete ~~factors~~is ~~support~~a high performance material which contains Pozzolans. Pozzolans have high values of mechanical parameters and ~~influence~~chemical ~~the~~resistance maintaining anti-corrosion protection and excellent mechanical strength. Artificial Pozzolana is derived from fly-ash, which IBA Green ~~installation~~will ~~model:~~use to produce Fly Ash Polymer concrete.

· Mobility: unlike traditional aggregate manufacturers who deliver, typically by truck, finished products from a manufacturing facility to the construction site, IBA Green will set up mobile facilities to produce IBA Aggregates on-site, bringing the raw aggregate materials to the construction venue prior to the manufacturing process.Markets

·IBA ~~On-site~~Green’s ~~manufacturing~~sales ~~cuts~~strategy ~~down~~is onto ~~shipping~~identify ~~costs for~~ the ~~raw~~applications ~~aggregate~~and ~~materials,~~products ~~since~~needed ~~these~~in ~~materials~~each ~~can~~local bemarket. Management ~~delivered~~expects ~~during~~to ~~off-peak~~become ~~hours~~the ~~and~~“preferred ~~safely~~material ~~stored~~provider” ~~prior~~for tolocal ~~manufacture.~~electric ~~Savings~~utilities ~~on diesel truck fuel~~ and ~~reduced greenhouse gases are significant~~municipalities.

~~· The on-site approach allows products to be closely tailored to the precise soil and climate conditions of the site.~~ IBA Green ~~can~~has ~~alter~~adopted ~~and revise~~ a ~~particular~~multi-pronged ~~product~~marketing ~~after~~approach, ~~multiple~~including ~~test~~public-private ~~pours~~partnerships, ~~before~~strategic ~~determining~~industrial ~~the~~partners, ~~optimal~~third-party ~~mix~~distribution ~~for~~channels, aand ~~specific~~direct ~~site~~sales.

·In ~~Research~~public-private partnerships, IBA Green believes it can bridge the gap between disparate government entities and ~~development~~private ~~occurs~~companies. IBA inGreen ~~actual~~believes ~~site~~that ~~installations,~~the agency that regulate waste ( US EPA ) does not ininteract ~~controlled~~with ~~lab~~the ~~settings~~agency that regulate roadways and infrastructure (The Department of Transportation). With AsWtE ~~the~~plants ~~installer~~becoming a more attractive alternative energy source, the IBA ~~Green~~Technology ~~will~~is bea ~~able~~viable solution to ~~directly~~the ~~control~~critical IBA waste disposal problem and ~~assess~~may ~~the~~also ~~performance~~reduce ofconstruction ~~its~~costs ~~products~~by inutilizing ~~real~~IBA ~~time~~aggregates rather than virgin materials. IBA Green believes that these facts will encourage more local and instate governments to codify the ~~real~~use ~~world.~~of ~~Truly~~the ~~understanding~~recycled ~~product~~IBA ~~performance~~into their roadways and infrastructure. Once government specifications are in ~~actual~~place, ~~field~~construction ~~conditions~~companies for municipal and private customers will ~~keep~~be ~~IBA~~able ~~Green~~buy ontheir ~~the~~aggregate ~~cutting~~products ~~edge~~from ofa ~~ongoing~~local, ~~technical~~eco-friendly ~~improvements~~source.

~~Status~~Potential strategic industrial partners will include any company currently involved in waste management and recycling, such as Covanta Energy, and Wheelabrator Technologies along with utility companies such as Dominion Power or National Grid and energy producers such as American Electric Power and Tennesse Valley Authority. Angelo Scola of ~~Products~~IBA Green has 40 years of experience working in the power utility business, and plans to expand its marketing outreach, both nationally and globally with IBA Technology.

~~The~~Third-party ~~management~~distribution ~~team~~channels ofwould ~~IBA~~be ~~Green~~set ~~has~~up ~~manufactured~~via ~~Thermal~~a ~~Concrete,~~franchise ~~Fluidized~~or ~~Thermal~~strategic ~~backfill,~~partner ~~Thermal~~model. IBA ~~Grouts~~Green ashas ~~well~~targeted asseveral ~~structural~~market ~~concrete~~locations ~~for~~such ~~duct~~as ~~bank~~the ~~system~~states ~~and~~of ~~pre-cast~~Illinois ~~products utilizing Class F~~ and ~~Class~~Hawaii Cthat ~~fly~~have ~~coal~~ ash ~~and~~disposal ~~coal~~problems ~~based~~that ~~bottom ash. The management team of~~ IBA Green believes ~~has~~are ~~successfully~~rich ~~completed~~in USopportunity. ~~EPA~~As ~~1311TCLP~~these ~~heavy~~geographic ~~metal~~locations ~~extraction~~are ~~bench~~developed ~~testing~~by ofIBA ~~Incinerator~~Green, ~~Bottom~~IBA ~~Ash~~Green ~~from~~would ~~the~~consider ~~WTE~~identifying ~~plant~~local instrategic ~~Singapore. The~~partners ~~mechanical~~to ~~performance~~purchase ofor ~~fly~~manage ~~ash~~these ~~and~~locations. ~~Bottom~~In ~~Ash~~addition, ~~from~~IBA ~~WTE~~Green ~~plants~~envisions ~~behave~~small-scale ~~quite~~solutions ~~similarly~~for tosmall ~~that~~municipalities ofand ~~combusted~~large ~~coal. The~~institutions ~~differentiating~~that ~~factors~~can ~~between~~be ~~the~~independently ~~two are the chemical make-up of the two ashes~~operated.

~~The next step for product production will be to move on from laboratory bench testing to insitu testing for chemical neutralization.~~5

~~The~~Lastly, ~~process~~direct tosales ~~chemically~~will ~~neutralize~~be ~~the~~made ~~heavy~~to ~~metals~~other ~~and~~material ~~the~~processors ~~toxins~~who incan ~~ash~~utilize ~~products~~the ~~are~~recycled ~~both~~IBA ~~site~~for ~~and~~their ~~product~~ specific~~. Each~~ ~~facility~~construction ~~that~~material ~~IBA~~products. One ~~Green~~example ~~will~~of ~~draw~~this ~~ash~~customer ~~feed~~might ~~-stock~~be ~~from,~~material ~~will~~suppliers ~~require~~whose ~~on-site~~virgin ~~testing~~resources toquarries ~~determine~~may ~~the~~be ~~highest~~in ~~and~~the ~~best~~process ~~use~~of ~~products~~depletion, ~~from~~or ~~the~~that ~~chemical~~their ~~analysis.~~virgin ~~Additionally~~aggregates ~~the~~are ~~product~~of ~~demands~~poor quality and ~~market~~may ~~absorption~~not ~~rate~~meet ~~will shape the product mix~~specification.

~~From~~IBA ~~initial~~Green ~~test~~sees ~~process~~both todeveloped ~~the~~countries ~~manufacture of products will require 9-12 months~~ and ~~will~~developing ~~cost~~countries $1as ~~million~~essentially tounlimited $5markets ~~million~~for ofits ~~investment,~~recycled ~~depending~~IBA onAggregates ~~the~~due ~~size~~to of the ~~facility. The~~need ~~size~~for ofutilities ~~the~~infrastructures ~~IBA~~in ~~Green~~developing ~~facility~~countries isand ~~determined~~for bymaintenance ~~the daily~~ and ~~monthly~~repair ~~intake volume~~ of ~~ash~~aging ~~produced~~utilities byin the ~~combustion~~developed ~~facility~~countries. ~~A combustion facility producing 350 tons or more of ash per day would be identified as a large facility; volumes under 150 tons per day would be considered a small facility.~~

~~Page~~One -critical 6issue facing the United States market at this point in history is the breakdown and failure of the electrical grid transmission and distribution system. This infrastructure crisis is identified and addressed in the Clean Energy Act of 2005. The research behind the Clean Energy Act of 2005 calls for the rebuilding of the entire electric grid, with spending estimated at $8 billion annually for construction. Virtually all the IBA generated from United States WtE plants could be converted into aggregate products used in construction products to rebuild this electrical grid.

~~The~~Distribution first stage of our production facility will be to neutralize the ash, up-cycling from a hazardous residue waste to green feed-stock. The second stage will be to manufacture aggregate materials such as silica sands and stone aggregate. The third stage of our production facility would be to manufacture the desired products from the aggregate materials.Methods

~~One of the cornerstone principals of our~~ IBA Green’s ~~financial~~distribution ~~model~~method is to ~~locate~~treat ~~our facility as close to the combustion facility as possible. Eliminating or reducing the cost of loading~~ and ~~transporting~~neutralize the ash ~~feed~~on-~~stock from the combustion~~ site toof the ~~manufacturing~~coal ~~production~~burning facility, ifeliminating ~~vital to cost controls. Manufacturing a product mix that will be consumed within a 25 mile radius of~~ the ~~manufacturing~~transportation, ~~plant~~tipping isand ~~another~~legacy ~~cost~~insurance ~~control measure~~costs.

The largest target market for our IBA Green ~~Corporate~~technology ~~office~~are ~~will~~municipal beelectric ~~located~~utility inpower ~~Newport~~providers ~~Beach,~~which ~~California,~~transport ~~however~~the ~~manufacturing~~ash ~~facilities~~they ~~will~~manufacture bedaily to one of the 1300 municipal or private landfills or mono-fill ash dumps located atacross the ~~location~~United States. The cost to utility power providers to dispose of ~~the~~their ash ~~manufacturer~~exceeds the actual tipping fees paid to dump facilities, which is due to the transportation costs of fuel, trucking, and rail expense.

~~Competitive~~Another ~~Conditions~~of our large volume target markets are the ash landfills and monofills. These dump sites are located across the country and are rich with IBA.

The distribution model that IBA Green’s ~~competitive~~is ~~advantage~~developing is ~~its~~based ~~IBA~~on ~~Technology~~plant ~~and~~mobility ~~the~~utilizing ~~ability~~on-site offeedstock. Setting ~~the~~up ~~IBA~~mobile ~~Technology~~manufacturing toplants ~~manipulate~~at ~~IBA~~each ~~mechanical~~site ~~properties~~provides ~~and~~accessible ~~the~~aggregate ~~stabilization~~deposits ofthat IBA ~~chemical~~Green ~~structure~~converts into anmarketable ~~inert~~construction aggregate products, while also systematically and ~~non-toxic~~safely ~~aggregate~~eliminating all the environmental hazards.

~~Weakness~~ Several &key ~~Threats~~factors support and influence the IBA Green installation model:

Capitalization: Adequate funding is the greatest risk that IBA Green faces. Testing procedures are site-specific for both the chemical neutralization as well as product development. The chemical make-up of IBA is established by the input trash. The waste stream of a primarily residential community has a different complexion than that of a community with a industrial base. So the testing process is site-specific and ongoing. The rate of growth is predicated on availability working capital.·

~~Resistance to change~~Mobility: ~~Institutional~~ ~~inertia~~unlike istraditional aaggregate ~~potential~~manufacturers ~~threat.~~who ~~Communities~~deliver, ~~that~~typically ~~have~~by ~~made~~truck, afinished ~~continues~~products ~~decision~~from ~~to implement WTE as~~ a ~~means~~manufacturing tofacility ~~reduce their waste stream by up~~ to ~~90% and up-cycle trash to energy create~~ the ~~path~~construction ofsite, ~~least resistance to~~ IBA ~~Greens~~Green ~~business~~will ~~model. These~~set ~~communities~~up ~~are~~mobile ~~already~~facilities ~~recycling~~to ~~90%~~produce ofIBA ~~their~~Aggregates ~~waste~~on-site, ~~stream~~bringing ~~and~~the ~~have~~raw ~~driven~~aggregate ~~cultural~~materials ~~and social change in regard~~ to ~~their waste stream. Introducing~~ the ~~concept~~construction ofvenue ~~recycling~~prior ~~the last 10% of that waste stream is a natural progression. The cultural change for large energy producers that have been burning coal may prove~~ to bethe amanufacturing ~~more difficult transition~~process.

~~Raw Materials and Equipment~~·

~~IBA~~On-site ~~Green~~manufacturing ~~requires~~will ~~ash~~cut asdown ~~the~~on ~~requisite~~shipping ~~raw~~costs ~~material~~for ~~to produce~~ the ~~IBA Aggregates and other products. This~~ raw ~~material~~aggregate ismaterials, ~~abundant~~since ~~and~~these ismaterials ~~available~~can ~~from~~be ~~coal~~delivered ~~burning~~during ~~and~~off-peak ~~waste~~hours ~~to energy electric power plants~~ and nosafely ~~cost~~stored prior to ~~IBA Green~~manufacture. In Savings ~~certain~~on ~~circumstances,~~diesel ~~the~~truck ~~owner~~fuel ofand ~~such~~reduced ~~raw~~greenhouse ~~material~~gases will ~~pay~~be ~~IBA~~significant ~~Green to haul the ash and store it~~also.

The equipment needed to produce the IBA Aggregates and other products, IBA Green will purchase the manufacturing equipment to mass produce our product line from one of several national equipment manufacturers. Currently, IBA does not have any mass production facilities, nor any agreement with any manufacturers to purchase all of this equipment. Management estimates that the cost of the equipment to build a medium size plant to neutralize ash will cost approximately $2 million dollars. The lead time from the initial order to purchase is approximately six months.·

~~Principal~~The ~~Suppliers~~on-site approach will allow products to be closely tailored to the precise soil and climate conditions of the site. IBA Green can alter and revise a particular product after multiple test pours before determining the optimal mix for a specific site.

IBA Green does not have any principal suppliers that it relies upon. IBA Green can obtain the feedstock ash from existing utility plants and landfills, the by product of burning both coal and municipal waste.·

~~There~~Research ~~are~~and ~~currently~~development ~~700~~will ~~operating~~occur ~~plant~~in ~~locations~~actual site installations, not in controlled lab settings. As the ~~United~~installer, ~~States~~IBA toGreen ~~partner~~directly ~~with~~controls asand ~~suppliers~~assesses asthe ~~listed~~performance ~~below:~~of its products in real time and in the real world. Truly understanding product performance in actual field conditions will keep IBA GREEN on the cutting edge of ongoing technical improvements.

1.Status ~~There~~of ~~are 1,300 ash impoundment landfills and Ash Monofill Landfills in the United States.~~Products

2. IBA ~~There~~Green ~~are~~has 87manufactured ~~Mass~~Thermal ~~Burn~~Concrete, ~~(MB)~~Fluidized ~~Waste~~Thermal tobackfill, ~~Energy~~Thermal ~~Plants~~Grouts ~~operating~~as inwell 24as ~~States,~~structural ~~producing~~concrete ~~97,000~~for ~~tons~~duct bank system and pre-cast products utilizing Class F and Class C fly coal ash and coal based bottom ash. IBA Green has successfully completed US EPA 1311TCLP heavy metal extraction bench testing of ~~Municipal~~Incinerator ~~Solid~~Bottom ~~Waste~~Ash ~~per~~from ~~Day~~the orWTE 3plant ~~million~~in ~~tons~~Singapore. The mechanical performance of ~~Incinerated~~fly ash and Bottom Ash ~~(IBA)~~from ~~annually~~WTE plants behave quite similarly to bethat ~~treated~~of combusted coal. The differentiating factors between the two are the chemical make-up of the two ashes.

~~3. There are 13 Mass Burn (MB) Waste to Energy Plants Modular, Mobile units that can be assembled quickly when needed.~~6

4.The ~~RDF~~next ~~(R-refuge~~step ~~D-derived~~for ~~F-fuel).~~product ~~Refuge~~production iswill ~~building~~be ~~materials,~~to ~~old~~move ~~lumber~~on ~~and~~from ~~wood,~~laboratory ~~stumps~~bench ~~etc~~testing to insitu testing for chemical neutralization.

5. The ~~United~~process ~~States~~to ~~has~~chemically ~~approximately~~neutralize ~~594~~the ~~coal~~heavy ~~fired~~metals ~~power~~and ~~plants~~the ~~producing~~toxins ~~approximately~~in 70ash ~~million~~products ~~tons~~are ofboth ~~Fly-~~site and product specific. Each facility that IBA Green will draw ash ~~per~~feed ~~year~~-stock from, will require on-site testing to determine the ~~manufacture~~highest ofand ~~electricity~~best use products from the chemical analysis. Additionally the product demands and market absorption rate will shape the product mix.

6.From ~~Private~~initial ~~industries~~test ~~such~~process asto ~~steel~~the ~~manufacturing~~manufacture of products will require 9-12 months and ~~food~~will ~~processing~~cost ~~also~~$1 ~~produce~~million to $5 million of investment, depending on the size of the facility. The size of the IBA’s Green facility is determined by the daily and monthly intake volume of ash produced by the combustion facility. A combustion facility producing 350 tons or more of ash per day would be identified as a large facility; volumes under 150 tons per day would be considered a small facility.

~~Page~~The first stage of our production facility will be to neutralize the ash, up-cycling 7from a hazardous residue waste to green feed-stock. The second stage will be to manufacture aggregate materials such as silica sands and stone aggregate. The third stage of our production facility would be to manufacture the desired products from the aggregate materials.

~~IBA~~One ~~Green~~of ~~currently~~the ~~has~~cornerstone noprincipals ~~principal~~of ~~suppliers~~our ~~for equipment or raw materials.~~ IBA Green's ~~business~~financial model is to ~~partner~~locate ~~with~~our ~~electric~~facility ~~power~~as ~~manufacturers~~close to ~~treat~~ the ~~daily~~combustion ~~output~~facility ofas ~~ash~~possible. ~~they~~Eliminating ~~manufacture,~~or ~~eliminating~~reducing the ~~costly~~cost ~~expense~~ of ~~trucking~~loading and ~~dumping~~transporting the ash infeed-stock ~~landfills.. IBA~~from ~~Green~~the ~~will~~combustion ~~identify~~site to the ~~equipment~~manufacturing ~~manufacture~~production ~~best~~facility ~~suited~~is ~~for~~vital ~~each~~to ~~project~~cost ~~once~~controls. Manufacturing ~~the~~a ~~type~~product ofmix ~~ash~~that ~~and~~will ~~daily~~be ~~volumes~~consumed ~~and~~within ~~geographic~~a ~~location~~25 mile radius of the manufacturing plant ~~are~~is ~~secured~~another cost control measure.

~~Dependence~~The onIBA ~~Customers~~Green Corporate office will be located in Newport Beach, California however manufacturing facilities will be located at the location of the ash manufacturer.

~~Currently,~~Competitive ~~IBA Green is not and will not be dependent on one or a few major customers.~~Conditions

IBA Green’s competitive advantage is its IBA Technology which utilizes Atomic Polymer chemistry applying nano-scale liquid ceramic polymer technology and ~~Intellectual~~the ~~Property~~added ability to use the physical characteristics of the nano-ceramic molecule (Mesopouris Inorganic Polymer - MIP). The IBA technology manipulates IBA mechanical properties and the stabilization of IBA chemical structure into an inert and non-toxic aggregate.

~~Neither~~Weakness ~~Pioneer~~& ~~nor IBA Green currently own any patents or trade marks, with the exception of the following:~~Threats

~~United~~Capitalization: Adequate ~~States~~funding ~~Patent~~is ~~number~~the ~~7,581,903~~greatest ~~B1,~~risk ~~Entitled~~that ~~“Method~~IBA OfGreen ~~Manufacture~~faces. Testing ~~And~~procedures ~~Installation~~are ~~Flowable~~site-specific ~~Thermal~~for ~~Backfills”~~both the chemical neutralization as well as product development. The chemical make-up of IBA is established by the input trash. The waste stream of a primarily residential community has a different complexion than that of a community with an industrial base. So the testing process is site-specific and ongoing. The rate of growth is predicated on availability working capital.

~~Also,~~Resistance ~~they~~to ~~are~~change: Institutional ~~not~~inertia ~~party~~is toa ~~any~~potential ~~license~~threat. orCommunities ~~franchise~~that ~~agreements,~~have ~~concessions,~~made ~~royalty~~a ~~agreements~~continues ordecision ~~labor~~to ~~contracts~~implement ~~arising~~WTE ~~from~~as ~~any~~a ~~patents~~means orto ~~trademarks. Pioneer’s~~reduce ~~business~~their iswaste ~~not~~stream ~~materially~~by ~~dependent~~up onto 90% and up-cycle trash to energy create the ~~existence~~path of ~~third~~least ~~party~~resistance ~~patent~~to orIBA ~~other~~Greens ~~third~~business ~~party~~model. These ~~intellectual~~communities ~~property~~are ~~rights. Pioneer~~already ~~intends~~recycling to90% ~~protect~~of ~~its~~their ~~name~~waste stream and ~~other~~have ~~major~~driven ~~proprietary~~cultural ~~trademarks~~and bysocial ~~(1)~~change ~~the~~in ~~registration~~regard ofto ~~the~~their ~~trademarks~~waste ~~used~~stream. Introducing in the ~~markets~~concept ~~where~~of ~~Pioneer~~recycling ~~operates~~the ~~its~~last ~~business~~10% ~~and~~of ~~sells~~that itwaste ~~products,~~stream ~~(2)~~is ~~monitoring~~a ~~the~~natural ~~markets~~progression. The ~~for~~cultural ~~misuses~~change offor ~~such~~large ~~trademarks~~energy byproducers ~~others,~~that ~~and~~have ~~(3)~~been ~~taking~~burning ~~the~~coal ~~appropriate~~may ~~steps~~prove to ~~stop~~be ~~any~~a ~~infringing activities~~more difficult transition.

~~Government~~Raw ~~Approvals~~Materials and ~~Regulations~~Equipment

~~Currently, Pioneer and~~ IBA Green ~~are~~requires inash ~~compliance~~as ~~with~~the ~~all~~requisite ~~government~~raw ~~regulations,~~material ~~business~~to ~~and~~produce ~~operations~~the ~~licenses~~IBA ~~that~~Aggregates ~~are~~and ~~typically~~other ~~applicable to most commercial ventures~~products. ~~However,~~ This ~~there~~raw ~~can~~material beis noabundant ~~assurance~~and ~~that~~is ~~existing~~available orfrom ~~new~~coal ~~laws~~burning orand ~~regulations~~waste ~~that~~to ~~may~~energy beelectric ~~adopted~~power inplants ~~various~~at ~~jurisdictions~~no incost ~~the~~to ~~future,~~IBA ~~will not impose additional fees and taxes on Pioneer and its business operations~~Green. ~~Management~~ In iscertain ~~not~~circumstances, ~~aware~~the owner of ~~any~~ such ~~revisions~~raw tomaterial ~~existing~~will ~~laws~~pay ~~and~~IBA ~~regulations~~Green ~~nor~~to ~~new~~haul ~~laws~~the orash ~~regulations that could have a negative impact on Pioneer’s business~~ and ~~add~~store ~~additional costs to Pioneer’s business operations~~it.

There may be domestic or foreign governmental regulations on the business in the future, which will depend on where IBA Green is conducting business. However, there currently are no governmental regulations requiring approval in any jurisdiction where IBA Green is doing business.7

As IBA Green ~~commences~~will ~~operations~~purchase ~~for~~ the ~~treatment~~manufacturing ofequipment ~~domestic~~needed ~~sewage~~to mass produce the IBA Aggregates and ~~wastewater~~other products from ~~public~~one ~~water~~of ~~supply~~several ~~treatment~~national ~~facilities~~equipment manufacturers. Currently, asIBA ~~well~~does asnot ~~the~~have ~~treatment~~any ofmass ~~waste~~production ~~from~~facilities, ~~land~~nor ~~fill~~any ~~tipping~~agreement ~~operations,~~with ~~IBA~~any ~~Green~~manufacturers ~~will~~to ~~comply~~purchase ~~and~~all ~~obtain~~of ~~any~~this ~~necessary~~equipment. IBA ~~permits~~Green ~~required~~estimates ~~under~~that the ~~National~~cost ~~Pollutant~~of ~~Discharge~~the ~~Elimination~~equipment ~~System~~to ~~(NPDES),~~build ~~all~~a asmedium ~~pursuant~~size plant to ~~the~~neutralize ~~Environmental~~ash ~~Protection~~will ~~Agency~~cost ~~(EPA). Such~~approximately ~~NPDES~~$2 ~~permits~~million ~~will~~dollars. The belead ~~obtained~~time infrom ~~any~~the ~~jurisdiction,~~initial ororder ~~any~~to ~~state,~~purchase ~~where~~is ~~such~~approximately ~~permits~~six ~~are required~~months.

AsPrincipal an ongoing process IBA Green will have its products voluntarily tested after the neutralization process to ensure and verify that its out-put product has met EPA 1311 TCLP standards. EPA 1311 TCLP (Toxicity Characteristics Leeching Procedures) is a process method designed to determine the mobility of both organic and inorganic analytes present in liquid, solid, and multiphasic wastes, and provides an analysis of the waste to determine that individual analytes are not present in the waste, or that they are present but at such low concentrations that the appropriate regulatory levels could not possibly be exceeded.Suppliers

~~Research~~IBA Green does not have any principal suppliers that it relies upon. IBA Green can obtain the feedstock ash from existing utility plants and ~~Development~~landfills, ~~Costs~~the by product of burning both coal and municipal waste.

~~Pioneer~~There ~~and~~are ~~IBA~~currently ~~Green~~700 ~~have~~operating ~~not~~plant ~~spent~~locations ~~any~~in ~~funds~~the onUnited ~~either~~States ~~company-sponsored research and development activities or customer-sponsored research activities relating~~ to ~~the~~partner ~~development~~with ofas ~~new~~suppliers ~~products,~~as ~~services~~listed ~~or techniques or the improvement of existing products, services, or techniques.~~below:

~~Employees~~1.

~~Currently,~~There ~~neither~~are ~~Pioneer~~1,300 ~~nor~~ash ~~IBA~~impoundment ~~Green~~landfills ~~has~~and ~~any~~Ash ~~full~~Monofill ~~time~~Landfills ~~employees~~in orthe ~~part~~United ~~time employees~~States.

~~Page - 8~~2.

AtThere ~~present,~~are ~~Pioneer’s~~87 ~~officers~~Mass ~~and~~Burn ~~directors~~(MB) doWaste ~~not~~to ~~have~~Energy ~~any~~Plants ~~employment~~operating ~~agreement~~in ~~with~~24 ~~Pioneer. Pioneer~~States, ~~presently~~producing ~~does not have pension~~97,000 ~~health,~~tons ~~annuity,~~of ~~insurance,~~Municipal ~~stock~~Solid ~~options,~~Waste ~~profit~~per ~~sharing~~Day or ~~similar~~3 ~~benefit~~million ~~plans;~~tons ~~however,~~of ~~Pioneer~~Incinerated ~~may~~Bottom ~~adopt~~Ash ~~plans~~(IBA) inannually ~~the future. There are presently no personal benefits available~~ to ~~any~~be ~~employees~~treated.

~~Item 1A~~3. ~~Risk Factors.~~

~~Pioneer~~There isare a13 ~~smaller~~Mass ~~reporting~~Burn ~~company~~(MB) asWaste ~~defined~~to byEnergy ~~Rule~~Plants ~~12b-2~~Modular, ofMobile ~~the~~units ~~Exchange~~that ~~Act~~can ~~and~~be isassembled ~~not~~quickly ~~required~~when ~~to provide the information required under this item~~needed.

~~Item 1B~~4. ~~Unresolved Staff Comments.~~

~~Pioneer~~RDF is(Refuge aDerived ~~smaller~~Fuel). Refuge ~~reporting~~is ~~company~~building asmaterials, ~~defined~~old bylumber ~~Rule 12b-2 of the Exchange Act~~ and iswood, ~~not~~stumps ~~required to provide the information required under this item~~etc.

~~Item 2~~5. ~~Description of Property.~~

~~Pioneer’s~~The ~~and~~United ~~IBA~~States ~~Green’s~~has ~~executive~~approximately ~~offices~~594 ~~are~~coal ~~both~~fired ~~located~~power atplants ~~2700~~producing ~~Newport~~approximately ~~Boulevard,~~70 ~~Suite~~million ~~190,~~tons ~~Newport~~of ~~Beach,~~Fly-ash ~~California,~~per ~~92663~~year from the manufacture of electricity.

~~Pioneer and IBA Green currently have no interest in any property~~6.

~~Item~~Private ~~3. Legal~~industries ~~Proceedings~~such as steel manufacturing and food processing also produce IBA’s.

~~Pioneer~~IBA isGreen ~~not~~currently ahas ~~party~~no principal suppliers for equipment or raw materials. IBA Green's business model is to ~~any~~partner ~~pending~~with ~~legal~~electric ~~proceedings~~power ~~and,~~manufacturers to treat the ~~best~~daily output of ~~Pioneer’s~~ash ~~knowledge~~they manufacture, ~~none~~eliminating the costly expense of ~~Pioneer’s~~trucking ~~property~~and ordumping ~~assets~~the ~~are~~ash in landfills.. IBA Green will identify the ~~subject~~equipment manufacture best suited for each project once the type of ~~any~~ash ~~pending~~and ~~legal~~daily ~~proceedings.~~volumes and geographic location of the plant are secured

~~Item~~Dependence ~~4. Submission~~on ~~of Matters to a Vote of Security Holders.~~Customers

NoCurrently, ~~matter~~IBA ~~was~~Green ~~submitted~~is tonot aand ~~vote~~will ofnot ~~security~~be ~~holders,~~dependent ~~through~~on ~~the~~one ~~solicitation of proxies~~ or ~~otherwise,~~a ~~during~~few ~~the~~major ~~fourth quarter of the fiscal year covered by this report~~customers.

~~PART~~Technology IIand Intellectual Property

~~Item~~Neither 5.Pioneer ~~Market~~nor ~~for~~IBA ~~Registrant’s~~Green ~~Common~~currently ~~Equity,~~own ~~Related~~any ~~Stockholder~~patents ~~Matters~~or ~~and~~trade ~~Issuer~~marks, ~~Purchases~~with the exception of ~~Equity~~the ~~Securities.~~following:

~~(a) Market~~United ~~Information~~States Patent number 7,581,903 B1, Entitled “Method of Manufacture and Installation Flowable Thermal Backfills”

~~Pioneer~~Also, IBA Green is not party to any license or franchise agreements, concessions, royalty agreements or labor contracts arising from any patents or trademarks. IBA Green’s ~~common~~business ~~stock~~is ~~has~~not ~~been~~materially ~~quoted~~dependent on the ~~NASD~~existence ~~OTC~~of ~~Bulletin~~third ~~Board~~party ~~under~~patent ~~the~~or ~~symbol~~other ~~“PIEX”~~third ~~since~~party ~~October~~intellectual 9,property ~~2007~~rights. ~~The~~ IBA ~~table~~Green ~~below~~intends ~~gives~~to ~~the~~protect ~~high~~its name and ~~low~~other ~~bid~~major ~~information~~proprietary ~~for~~trademarks ~~each~~by ~~fiscal~~(1) ~~quarter~~the registration of ~~trading~~the ~~and~~trademarks ~~for~~used in the ~~interim~~markets ~~period~~where ~~ended~~IBA ~~December~~Green 8,will ~~2011. The~~operate ~~bid~~its ~~information~~business ~~was~~and ~~obtained~~sell ~~from~~it ~~Pink~~products, ~~OTC~~(2) ~~Markets~~monitoring ~~Inc.~~the ~~and~~markets ~~reflects~~for ~~inter-dealer~~misuses ~~prices,~~of ~~without~~such ~~retail~~trademarks ~~mark-up~~by others, ~~mark-down~~and or(3) ~~commission,~~taking ~~and~~the ~~may~~appropriate ~~not~~steps ~~represent~~to ~~actual~~stop ~~transactions~~any infringing activities.

High & Low Bids
Period ended	High	Low	Source
8 December 2011	$1.30	$1.20	Pink OTC Markets Inc.
30 November 2011	$1.33	$0.12	Pink OTC Markets Inc.
31 August 2011	$0.25	$0.07	Pink OTC Markets Inc.
31 May 2011	$0.67	$0.25	Pink OTC Markets Inc.
28 February 2011	$0.45	$0.20	Pink OTC Markets Inc.
30 November 2010	$0.60	$0.20	Pink OTC Markets Inc.
31 August 2010	$0.20	$0.20	Pink OTC Markets Inc.
31 May 2010	$1.01	$0.01	Pink OTC Markets Inc.
28 February 2010	$2.75	$0.01	Pink OTC Markets Inc.

Government Approvals and Regulations

~~(b) Holders~~Currently, Pioneer and IBA Green are in compliance with all business and operations licenses that are typically applicable to most commercial ventures. However, there can be no assurance that existing or new laws or regulations that may be adopted in various jurisdictions in the future will not impose additional fees and taxes on IBA Green and its business operations. IBA Green is not aware of ~~Record~~any such revisions to existing laws and regulations nor new laws or regulations that could have a negative impact on IBA Green’s business and add additional costs to IBA Green’s business operations.

Pioneer has approximately 18 holders of record of Pioneer’s common stock as of August 31, 2011 according to a shareholders’ list provided by Pioneer’s transfer agent as of that date. The number of registered shareholders does not include any estimate by Pioneer of the number of beneficial owners of common stock held in street name. The transfer agent for Pioneer’s common stock is Empire Stock Transfer Inc., 1859 Whitney Mesa Drive, Henderson, Nevada, 89014 and their telephone number is 702-818-5898.8

~~Page~~As -IBA 9Green commences operations for the treatment of domestic sewage and wastewater from public water supply treatment facilities, as well as the treatment of waste from land fill tipping operations, IBA Green will comply and obtain any necessary permits required under the National Pollutant Discharge Elimination System (NPDES), all as pursuant to the Environmental Protection Agency (EPA). Such NPDES permits will be obtained in any jurisdiction, or any state, where such permits are required.

As an ongoing process IBA Green will have its products voluntarily tested after the neutralization process to ensure and verify that its out-put product has met EPA 1311 TCLP standards. EPA 1311 TCLP (cToxicity Characteristics Leeching Procedures) ~~Dividends~~ is a process method designed to determine the mobility of both organic and inorganic analytes present in liquid, solid, and multiphasic wastes, and provides an analysis of the waste to determine that individual analytes are not present in the waste, or that they are present but at such low concentrations that the appropriate regulatory levels could not possibly be exceeded.

~~Pioneer~~Research ~~has declared no dividends on its common stock,~~ and isDevelopment ~~not subject to any restrictions that limit its ability to pay dividends on its shares of common stock. Dividends are declared at the sole discretion of Pioneer’s Board of Directors.~~Costs

~~(d) Recent~~Pioneer ~~Sales~~and IBA Green have not spent any funds on either company-sponsored research and development activities or customer-sponsored research activities relating to the development of ~~Unregistered~~new ~~Securities~~products, services or techniques or the improvement of existing products, services, or techniques.

~~There~~Employees ~~have been no sales of unregistered securities within the last three years that would be required to be disclosed pursuant to Item 701 of Regulation S-K; with the exception of the following:~~

~~Share~~Currently, ~~Purchase~~neither ofPioneer nor IBA Green, ~~Inc~~has any full time employees or part time employees.

OnAt ~~October 28~~present, ~~2011,~~neither ~~the~~Pioneer’s ~~board~~nor ofIBA ~~directors~~Green’s ~~approved~~officers ~~the Share Purchase Agreement with Angelo Scola for the purchase~~ and ~~sale~~directors, ofhave ~~all~~any ofemployment ~~the~~agreement ~~issued~~with ~~and~~their ~~outstanding~~respective ~~shares~~company. Neither inPioneer ~~the~~nor ~~capital of~~ IBA Green inpresently ~~consideration~~have ofany ~~the~~pension, ~~issuance~~health, ofannuity, ~~38.5~~insurance, ~~million~~stock ~~restricted~~options, ~~shares~~profit insharing ~~the~~or ~~capital~~similar ofbenefit ~~Pioneer~~plans; ~~to Scola. For the issuance of shares to Mr. Scola~~however, Pioneer ~~relied~~may ~~upon~~adopt ~~Section~~plans ~~4(2)~~in of the ~~Securities Act of 1933~~future. ~~Management~~ There isare ~~satisfied~~presently ~~that~~no ~~Pioneer~~personal ~~complied~~benefits ~~with~~available ~~the~~to ~~requirements of the exemption from the registration and prospectus delivery of the Securities Act of 1933. The issuance of shares was not a public offering and was not accompanied by~~ any ~~general advertisement or any general solicitation~~employees. All securities issued were endorsed with a restrictive legend confirming that the securities could not be resold without registration under the Securities Act of 1933or an applicable exemption from the registration requirements of the Securities Act of 1933. See Exhibit 10.13 – Share Purchase Agreement for more details.

~~There~~Item ~~are~~1A. noRisk ~~outstanding options or warrants to purchase, or securities convertible into, shares of Pioneer’s common stock, with the exception of the following:~~Factors.

~~1. On November 20, 2008,~~ Pioneer ~~received~~is a ~~$50,000~~smaller ~~loan~~reporting ~~and~~company ~~issued~~as adefined ~~convertible~~by ~~promissory~~Rule ~~note.~~12b-2 ~~The~~of ~~note~~the isExchange ~~convertible~~Act ~~into~~and ~~200,000~~is ~~common~~not ~~shares~~required atto ~~$0.25~~provide ~~per share at~~ the ~~holder’s~~information ~~option.~~required ~~The~~under ~~note~~this ~~is non-interest bearing, unsecured and is payable on demand~~item.

2.Item ~~On February 19, 2009, Pioneer received a $50,000 loan and issued a convertible promissory note~~1B. ~~The~~Unresolved ~~note~~Staff ~~is convertible into 41,667 common shares at $1~~Comments.~~20 per share at the holder’s option. The note is non-interest bearing, unsecured and is payable on demand.~~

~~3. On May 15, 2009,~~ Pioneer ~~received~~is a ~~$36,000~~smaller ~~loan~~reporting ~~and~~company ~~issued~~as adefined ~~convertible~~by ~~promissory~~Rule ~~note.~~12b-2 ~~The~~of ~~note~~the isExchange ~~convertible~~Act ~~into~~and ~~20,000~~is ~~common~~not ~~shares~~required atto ~~$1.80~~provide ~~per share at~~ the ~~holder’s~~information ~~option.~~required ~~The~~under ~~note~~this ~~is non-interest bearing, unsecured and is payable on demand~~item.

4.Item ~~On May 6, 2011, Pioneer received a $15,000 loan and issued a convertible promissory note~~2. ~~The~~Description ~~note~~of ~~is convertible into 60,000 common shares at $0~~Property.~~25 per share at the holder’s option. The note is non-interest bearing, unsecured and is payable on demand.~~

~~5. On July 14, 2011,~~ Pioneer’s ~~received a $10,000 loan~~ and ~~issued~~IBA aGreen’s ~~convertible~~executive ~~promissory~~offices ~~note.~~are ~~The~~both ~~note~~located isat ~~convertible~~2700 ~~into~~Newport ~~100~~Boulevard,~~000~~ ~~common~~Suite ~~shares~~190, atNewport ~~$0.10~~Beach, ~~per share at the holder’s option. The note is non-interest bearing~~California, ~~unsecured and is payable on demand~~92663.

~~6. On August 23, 2011,~~ Pioneer ~~received a $10,000 loan~~ and ~~issued~~IBA aGreen ~~convertible~~currently ~~promissory~~have ~~note.~~no ~~The note is convertible into 100,000 common shares at $0.10 per share at the holder’s option. The note is non-~~interest ~~bearing,~~in ~~unsecured~~any ~~and is payable on demand~~property.

~~(e)~~Item ~~Penny~~3. ~~Stock~~Legal ~~Rules~~Proceedings.

~~Trading in~~ Pioneer’s ~~common stock~~ is ~~subject~~not ~~to the “penny stock” rules. The SEC has adopted regulations that generally define~~ a ~~penny~~party ~~stock~~ to be any ~~equity~~pending ~~security~~legal ~~that~~proceedings has a market price of less than $5.00 per share, subject to certain exceptions. These rules require that any broker-dealer who recommends Pioneer’s common stock to persons other than prior customers and ~~accredited investors~~, ~~must, prior~~ to the ~~sale,~~best make a special written suitability determination for the purchaser and receive the purchaser’s written agreement to execute the transaction. Unless an exception is available, the regulations require the delivery, prior to any transaction involving a penny stock, of a disclosure schedule explaining the penny stock market and the risks associated with trading in the penny stock market. In addition, broker-dealers must disclose commissions payable to both the broker-dealer and the registered representative and current quotations for the securities they offer. The additional burdens imposed upon broker-dealers by such requirements may discourage broker-dealers from effecting transactions in Pioneer’s ~~securities~~knowledge, ~~which~~none ~~could severely limit their market price and liquidity~~ of Pioneer’s ~~securities. The~~property ~~application~~or ofassets are the ~~“penny~~subject ~~stock”~~of ~~rules~~any ~~may~~pending ~~affect~~legal ~~your ability to resell Pioneer’s securities~~proceedings.

~~Page~~Item -4. 10Submission of Matters to a Vote of Security Holders.

~~Item~~No ~~6. Selected~~matter ~~Financial~~was ~~Data~~submitted to a vote of security holders, through the solicitation of proxies or otherwise, during the fourth quarter of the fiscal year covered by this report.

~~Pioneer is a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and is not required to provide the information required under this item.~~9

~~Item~~PART ~~7. Management’s Discussion and Analysis of Financial Condition and Results of Operations.~~II

~~THE~~Item ~~FOLLOWING PRESENTATION OF THE PLAN OF OPERATION OF PIONEER EXPLORATION INC~~5. ~~SHOULD~~Market BEfor ~~READ~~Registrant’s INCommon ~~CONJUNCTION~~Equity, ~~WITH~~Related ~~THE~~Stockholder ~~AUDITED~~Matters ~~FINANCIAL~~and ~~STATEMENTS~~Issuer ~~AND~~Purchases ~~OTHER~~of ~~FINANCIAL~~Equity ~~INFORMATION INCLUDED HEREIN~~Securities.

~~Overview~~(a) Market Information

Pioneer’s ~~was~~common ~~incorporated~~stock inhas been quoted on the ~~State~~NASD ofOTC ~~Nevada~~Bulletin onBoard ~~June~~under the symbol “PIEX” since October 9, ~~2005~~2007. The table below gives the high and low bid information for each fiscal quarter of trading and for the interim period ended December 14, 2012. The bid information was obtained from Pink OTC Markets Inc. and reflects inter-dealer prices, without retail mark-up, mark-down or commission, and may not represent actual transactions.

IBA Green, Inc. was incorporated in the State of Delaware on July 21, 2011.


High & Low Bids
Period ended	High	Low	Source
13 December 2012	$0.40	$0.01	Pink OTC Markets Inc.
31 August 2012	$0.79	$0.10	Pink OTC Markets Inc.
31 May 2012	$1.05	$0.20	Pink OTC Markets Inc.
28 Febuary 2012	$1.15	$0.05	Pink OTC Markets Inc.
30 November 2011	$1.33	$0.12	Pink OTC Markets Inc.
31 August 2011	$0.25	$0.07	Pink OTC Markets Inc.
31 May 2011	$0.67	$0.25	Pink OTC Markets Inc.
28 February 2011	$0.45	$0.20	Pink OTC Markets Inc.

~~Pioneer~~(b) Holders ~~is a holding company with its sole business being the management~~ of IBA Green’s business. IBA Green is a development stage company. IBA Green’s principal business is the development and utilization of technology designed to be used in the treatment and conversion of incinerated bottom ash.Record

~~Currently~~Pioneer has approximately 20 holders of record of Pioneer’s common stock as of August 31, ~~neither~~2012 according to a shareholders’ list provided by Pioneer’s ~~nor~~transfer ~~IBA~~agent ~~Green~~as ~~have~~of that date. The number of registered shareholders does not include any ~~manufacturing~~estimate ~~facilities,~~by ~~operations~~Pioneer of the number of beneficial owners of common stock held in street name. The transfer agent for Pioneer’s common stock is Empire Stock Transfer Inc., ~~suppliers~~1859 Whitney Mesa Drive, ~~products~~Henderson, ~~or customers~~Nevada, ~~nor~~89014 ~~any~~and ~~current~~their ~~means~~telephone ofnumber ~~generating~~is ~~revenues~~702-818-5898.

~~Plan of Operation~~(c) Dividends

~~Neither~~ Pioneer ~~nor~~has ~~IBA~~declared ~~Green~~no ~~have~~dividends ~~had~~on ~~any~~its ~~significant~~common ~~revenues~~stock, ~~generated~~and ~~from~~is ~~its~~not ~~business~~subject ~~operations~~to ~~since~~any ~~inception. Management~~restrictions ~~expects~~ that ~~the~~limit ~~revenues generated from IBA Green’s business for the next 12 months will not be enough for~~ its ~~required~~ability ~~working capital. Until IBA Green is able~~ to ~~generate~~pay ~~any~~dividends ~~consistent~~on ~~and~~its ~~significant~~shares ~~revenue~~of itcommon ~~will~~stock. Dividends beare ~~required~~declared toat ~~raise~~the ~~additional~~sole ~~funds~~discretion ~~by way~~ of ~~equity~~Pioneer’s orBoard ~~debt~~of ~~financing~~Directors.

At(d) Recent ~~any~~Sales ~~phase,~~of ifUnregistered IBA Green finds that it does not have adequate funds to complete a phase, it may have to suspend its operations and attempt to raise more money so it can proceed with its business operations. If IBA Green cannot raise the capital to proceed it may have to suspend operations until it has sufficient capital.Securities

ToThere ~~become~~have ~~profitable~~been ~~and~~no ~~competitive,~~sales ~~IBA~~of ~~Green~~unregistered ~~needs~~securities towithin ~~continue~~the tolast ~~develop~~three ~~and~~years ~~advance~~that ~~the~~would ~~IBA~~be ~~Aggregates~~required to ~~a point where they can~~ be ~~sold~~disclosed ~~commercially. To~~pursuant ~~achieve~~to ~~this~~Item ~~goal,~~701 ~~management~~of ~~has~~Regulation ~~prepared~~S-K; with the ~~following~~exception ~~phases for its plan~~ of ~~operation for~~ the ~~next 12 months~~following:

~~1. Phase~~Share ~~One~~Purchase of IBA Green, Inc.

InOn ~~Phase~~October ~~One~~28, ~~IBA~~2011, ~~plans~~the toboard ~~(1)~~of ~~complete~~directors ~~negotiations~~approved ~~and~~the ~~sign~~Share ~~contracts~~Purchase Agreement with Angelo Scola for the ~~purpose~~purchase and sale of ~~acquiring~~all ~~IBA’s~~of the issued and ~~converting~~outstanding shares in the capital of IBA’s ~~into~~Green ~~commercially~~in ~~viable~~consideration ~~products;~~of ~~and~~the issuance of 38.5 million restricted shares in the capital of Pioneer to Scola. For the issuance of shares to Mr. Scola, Pioneer relied upon Section 4(2) ~~obtain~~of ~~lab~~the Securities Act of 1933. Management is satisfied that Pioneer complied with the requirements of the exemption from the registration and ~~office~~prospectus ~~space~~delivery of the Securities Act of 1933. The issuance of shares was not a public offering and was not accompanied by any general advertisement or any general solicitation. All securities issued were endorsed with a restrictive legend confirming that the securities could not be resold without registration under the Securities Act of 1933or an applicable exemption from the registration requirements of the Securities Act of 1933. See Exhibit 10.13 - Share Purchase Agreement for more details.

~~IBA Green has budgeted $450,000 for this phase and expects it to take three months to complete, with completion expected within the first three months of IBA Green’s plan of operation.~~10

~~2. Phase~~There ~~Two.~~are no outstanding options or warrants to purchase, or securities convertible into, shares of Pioneer’s common stock, with the exception of the following:

In1. ~~Phase~~On ~~Two~~November ~~IBA~~20, ~~plans~~2008, toPioneer ~~(1)~~received ~~conduct~~a $50,000 loan and ~~complete~~issued ~~analytical~~a ~~laboratory~~convertible ~~testing~~promissory onnote. ~~IBA~~The note is convertible into 200,000 common shares at $0.25 per share at the holder’s, ~~including~~option. ~~gathering~~The note is non-interest bearing, unsecured and ~~shipping~~is ~~the~~payable ~~IBA~~on ~~samples~~demand. 2. On February 19, 2009, Pioneer received a $50,000 loan and ~~conducting~~issued ~~initial~~a ~~characterization~~convertible ~~testing~~promissory onnote. ~~the~~The ~~IBA~~note ~~samples;~~is ~~(2)~~convertible ~~develop~~into ~~the~~41,667 ~~requisite~~common ~~chemistry~~shares toat ~~stabilize~~$1.20 per share at the ~~IBA~~holder’s; ~~(3)~~option. ~~develop~~The ~~the~~note ~~IBA~~is ~~Aggregates~~non-interest bearing, unsecured and ~~other~~is ~~products~~payable ~~that~~on ~~are~~demand. of3. ~~the~~On ~~highest~~May ~~quality~~15, 2009, Pioneer received a $36,000 loan and ~~represent~~issued ~~the~~a ~~best~~convertible ~~use~~promissory ~~for~~note. The note is convertible into 20,000 common shares at $1.80 per share at the ~~particular~~holder’s ~~IBA;~~option. (The note is non-interest bearing, unsecured and is payable on demand. 4). ~~begin~~On May 6, 2011, Pioneer received a $15,000 loan and issued a convertible promissory note. The note is convertible into 60,000 common shares at $0.25 per share at the ~~long-term~~holder’s ~~environmental~~option. ~~compliance~~The ~~testing;~~note is non-interest bearing, unsecured and (is payable on demand. 5). ~~develop~~On July 14, 2011, Pioneer received a $10,000 loan and ~~market~~issued ~~IBA~~a ~~Green~~convertible promissory note. The note is convertible into 100,000 common shares at $0.10 per share at the holder’s ~~business~~option. The note is non-interest bearing, unsecured and is payable on demand. 6. On August 23, 2011, Pioneer received a $10,000 loan and issued a convertible promissory note. The note is convertible into 100,000 common shares at $0.10 per share at the holder’s option. The note is non-interest bearing, unsecured and is payable on demand.

~~Page~~(e) Penny -Stock 11Rules

Trading in Pioneer’s common stock is subject to the “penny stock” rules. The ~~development~~SEC has adopted regulations that generally define a penny stock to be any equity security that has a market price of ~~the~~less ~~IBA~~than ~~Green~~$5.00 per share, subject to certain exceptions. These rules require that any broker-dealer who recommends Pioneer’s ~~business~~common ~~will~~stock ~~consist~~to ofpersons ~~identifying~~other ~~potential~~than ~~viable~~prior ~~target~~customers ~~markets~~and accredited investors, ~~producing~~must, prior to the sale, make a ~~list~~special ofwritten ~~equipment~~suitability ~~required~~determination infor the ~~particular~~purchaser ~~target~~and ~~markets,~~receive ~~and~~the ~~identifying~~purchaser’s ~~potential~~written ~~suppliers~~agreement ~~and~~to ~~equipment~~execute ~~providers~~the transaction. ~~Target~~ Unless ~~markets~~an ~~will~~exception beis ~~identified~~available, ~~based~~the ~~(a)~~regulations require the ~~daily~~delivery, ~~volume~~prior to any transaction involving a penny stock, of ~~ash~~a ~~produced~~disclosure atschedule explaining the ~~generation~~penny ~~facility~~stock market and ~~(b)~~the risks associated with trading in the ~~absorbsion~~penny stock market. In ~~rate~~addition, broker-dealers must disclose commissions payable to both the broker-dealer and the registered representative and current quotations for the securities they offer. The additional burdens imposed upon broker-dealers by such requirements may discourage broker-dealers from effecting transactions in Pioneer’s securities, which could severely limit their market price ~~point~~and liquidity of Pioneer’s securities. The application of the ~~product~~“penny ~~that~~stock” ~~can~~rules bemay ~~manufactured~~affect your ability to resell Pioneer’s securities.

~~Simultaneously,~~Item ~~IBA Green will develop and populate its website (www~~6.~~ibagreen.com)~~ ~~with~~Selected ~~information~~Financial ~~regarding its business and products~~Data.

~~IBA~~Pioneer ~~Green~~is ~~has~~a ~~budgeted~~smaller ~~$550,000~~reporting ~~for~~company ~~this~~as ~~phase~~defined ~~and~~by ~~expects~~Rule it12b-2 toof ~~take~~the ~~three~~Exchange ~~months~~Act toand ~~complete,~~is ~~with~~not ~~completion~~required ~~expected~~to ~~within~~provide the ~~first~~information ~~six~~required ~~months~~under ofthis ~~IBA Green’s plan of operation~~item.

3Item 7. ~~Phase~~ ~~Three~~Management’s Discussion and Analysis of Financial Condition and Results of Operations.

InTHE ~~Phase~~FOLLOWING ~~Three~~PRESENTATION ~~IBA~~OF ~~plans~~THE toPLAN ~~(1)~~OF ~~retain~~OPERATION ~~production~~OF ~~engineers~~PIONEER ~~and~~EXPLORATION ~~industrial~~INC. ~~engineers~~SHOULD toBE ~~design~~READ ~~the~~IN ~~equipment~~CONJUNCTION ~~and~~WITH ~~line~~THE ~~specification~~AUDITED ~~for~~FINANCIAL aSTATEMENTS ~~prototype~~AND ~~that~~OTHER ~~will~~FINANCIAL ~~convert~~INFORMATION ~~the~~INCLUDED IBA’s into IBA Aggregate or other products; (2) acquire the mechanical engineering hardware; (3) build and assemble a production prototype; and (4) further development and marketing IBA Green’s business and productsHEREIN.

~~IBA Green has budgeted $500,000 for this phase and expects it to take three months to complete, with completion expected within the last six months of IBA Green’s plan of operation.~~Overview

~~4. Phase~~Pioneer ~~Four~~was incorporated in the State of Nevada on June 9, 2005.

In Phase Four IBA plans to (1) set up the on-site manufacturing prototype for the conversion of the IBA’s into IBA Aggregates and other products; (2) perform further testing on the IBA Aggregates and other products manufactured on-site to confirm they are the highest quality and best-use site specific to the particular IBA; (3) complete third party laboratory product testing for certification; and (4) continued development and marketing of IBA Green’s business and products.11

IBA Green ~~has budgeted $2~~,~~000,000~~ ~~for~~Inc. ~~this~~was ~~phase~~incorporated ~~and~~in ~~expects it to take three months to complete, with completion expected within~~ the ~~last~~State ~~three months~~ of ~~IBA~~Delaware ~~Green’s~~on ~~plan~~July of21, ~~operation~~2011.

~~Risk~~Pioneer ~~Factors~~is a holding company with its sole business being the management of IBA Green’s business. IBA Green is a development stage company. IBA Green’s principal business is the development and utilization of technology designed to be used in the treatment and conversion of incinerated bottom ash.

AnCurrently, ~~investment~~neither in Pioneer’s ~~common~~nor ~~stock~~IBA ~~involves~~Green ahave ~~number~~any ofmanufacturing ~~very~~facilities, ~~significant~~operations, ~~risks. Prospective~~suppliers, ~~investors~~products, ~~should~~or ~~refer to all the risk factors disclosed in Pioneer’s Form SB-2/A filed on February 20~~customers, ~~2007~~nor ~~and~~any ~~Pioneer’s~~current ~~Form~~means ~~10-KSB~~of ~~filed~~generating ~~on December 11, 2007~~revenues.

~~Financial~~Plan ~~Condition~~of Operation

AsNeither ~~at August 31, 2011,~~ Pioneer ~~had a cash balance of $3,194. During the 12 month period following the date of this current report, management anticipates that neither Pioneer~~ nor IBA Green ~~will~~have ~~generate~~had any ~~revenue. Accordingly,~~significant ~~Pioneer~~revenues ~~will~~generated befrom ~~required to obtain financing in order to continue~~ its ~~plan~~business of operations since inception. Management ~~anticipates~~expects that the ~~financing~~revenues ~~will~~generated ~~be in the form of equity financing~~ from ~~the~~IBA ~~sale of Pioneer~~Green’s ~~common~~business ~~stock. If~~for ~~Pioneer~~the isnext ~~successful~~12 inmonths ~~completing~~will annot ~~equity~~be ~~financing,~~enough ~~existing~~for ~~shareholders~~its ~~will~~required ~~experience~~working ~~dilution~~capital. Until ofIBA ~~their~~Green ~~interest~~is inable ~~Pioneer. However,~~to ~~management~~generate ~~does not have~~ any ~~financing~~consistent ~~arranged~~ and ~~cannot~~significant ~~provide~~revenue ~~investors with any assurance that~~ it will be ~~able~~required to raise ~~sufficient~~additional ~~financing~~funds ~~from~~by ~~the~~way ~~sale~~ of ~~Pioneer’s~~equity ~~common~~or ~~stock~~debt ~~to finance the plan of operations. In the absence of such~~ financing~~, Pioneer will not be able to implement its plan of operation and the business plan will fail~~.

InAt ~~addition~~any phase, ~~management~~if ~~anticipates~~IBA ~~incurring~~Green ~~the~~finds ~~following~~that ~~expenses~~it ~~during~~does not have adequate funds to complete a phase, it may have to suspend its operations and attempt to raise more money so it can proceed with its business operations. If IBA Green cannot raise the ~~next~~capital 12to ~~month~~proceed ~~period:~~it may have to suspend operations until it has sufficient capital.

●To ~~Management~~become ~~anticipates~~profitable ~~spending~~and ~~approximately $3~~competitive,~~000~~ inIBA ~~ongoing~~Green ~~general~~needs ~~and~~to ~~administrative~~continue ~~expenses~~to ~~per~~develop ~~month~~and ~~for~~advance the ~~next~~IBA 12Aggregates ~~months,~~to ~~for~~ a ~~total~~point ~~anticipated~~where ~~expenditure~~they ofcan ~~$36,000~~be ~~over~~sold ~~the next 12 months~~commercially. To ~~The~~achieve ~~general~~this ~~and~~goal, ~~administrative~~management ~~expenses~~has ~~for~~prepared the ~~year~~following ~~will~~phases ~~consist~~for ~~primarily~~its plan of ~~professional~~operation ~~fees~~ for the ~~audit~~next ~~and~~12 ~~legal work relating to Pioneer’s regulatory filings throughout the year, as well as transfer agent fees and general office expenses.~~months:

~~● Management anticipates spending approximately $12,000 in complying with Pioneer’s obligations as a reporting company under the Securities Exchange Act of 1934~~1. Phase These expenses will consist primarily of professional fees relating to the preparation of Pioneer’s financial statements and completing its annual report, quarterly report, and current report filings with the SECOne.

~~Page~~In -Phase 12One IBA plans to (1) complete negotiations and sign contracts for the purpose of acquiring IBA’s and converting the IBA’s into commercially viable products; and (2) obtain lab and office space.

~~Pioneer~~IBA ~~will~~Green ~~require~~has ~~approximately~~budgeted $50450,000 infor ~~order~~this tophase ~~fund~~and ~~its~~expects ~~obligations~~it asto atake ~~reporting~~three ~~company~~months ~~under~~to ~~the~~complete, ~~Securities~~with ~~Act~~completion ofexpected ~~1934~~within ~~and~~the ~~its general~~first ~~and~~three ~~administrative~~months ~~expenses~~of ~~for~~IBA ~~the~~Green’s ~~next~~plan 12of ~~months~~operation.

~~Liquidity~~2. Phase ~~and Capital Resources~~Two.

AsIn ofPhase ~~August~~Two ~~31,~~IBA ~~2011,~~plans ~~Pioneer~~to ~~had~~(1) ~~total~~conduct ~~assets of $3,194,~~ and acomplete ~~working~~analytical ~~capital~~laboratory ~~deficit~~testing ofon ~~$311~~IBA’s,~~014,~~ ~~compared~~including ~~with~~gathering aand ~~working~~shipping ~~capital~~the ~~deficit~~IBA ofsamples ~~$253,646~~and asconducting ofinitial ~~August~~characterization ~~31,~~testing ~~2010. The~~on ~~increase in~~ the ~~working~~IBA ~~capital~~samples; ~~deficit~~(2) ~~was~~develop ~~primarily due to an increase in~~ the ~~amount~~requisite ~~due~~chemistry to astabilize ~~related~~the ~~party,~~IBA’s; ~~and~~(3) andevelop ~~increase~~the inIBA ~~accounts~~Aggregates ~~payable, an increase in accrued liabilities,~~ and ~~convertible~~other ~~notes~~products ~~payable. Assets~~that ~~consisted~~are ~~solely~~ of ~~$3,194~~the inhighest ~~cash~~quality and represent the ~~liabilities~~best ~~consisted~~use offor ~~$19,298~~the inparticular ~~accounts~~IBA; ~~payable,~~(4) ~~$32,300~~begin inthe ~~accrued~~long-term ~~liabilities,~~environmental ~~$171,000~~compliance intesting; ~~convertible~~and ~~notes~~(5) ~~payable,~~develop and ~~$91,610~~market ~~due~~IBA toGreen’s ~~a related party~~business.

OnThe ~~November~~development ~~30,~~of ~~2009,~~the ~~Pioneer~~IBA ~~sold~~Green’s ~~its~~business ~~investment~~will consist of ~~125,000~~identifying ~~common~~potential ~~shares~~viable oftarget ~~Macallan~~markets, ~~Oil~~producing ~~and~~a ~~Gas~~list ~~Inc.~~of equipment required in ~~exchange~~the ~~for~~particular atarget ~~CDN$100~~markets,~~000~~ ~~non-interest~~and ~~bearing~~identifying ~~promissory~~potential ~~note~~suppliers ~~due~~and ~~May~~equipment ~~31, 2010~~providers. At Target ~~August~~markets ~~31,~~will ~~2011,~~be ~~Pioneer~~identified ~~had~~based ~~not~~(a) ~~received payment of~~ the ~~note. Management~~daily ~~believes~~volume ~~that~~of ~~ultimate~~ash ~~collection~~produced ofat the ~~amount~~generation ~~receivable~~facility isand ~~not~~(b) ~~reasonably~~the ~~assured,~~absorbsion ~~and,~~market ~~therefore,~~rate ~~has~~and ~~recorded~~price anpoint ~~allowance~~of ~~against~~ the ~~balance~~product atthat ~~August~~can ~~31,~~be ~~2011 and 2010~~manufactured.

~~Pioneer will need to raise additional capital to execute its plan of operation. As described above~~Simultaneously, ~~for the next 12 months Pioneer plans on securing contracts for the purpose of acquiring~~ IBA’s ~~and~~Green ~~converting~~will ~~the~~develop ~~IBA’s into commercially viable products, testing~~ and ~~stabilizing~~populate ~~IBA,~~its ~~developing~~website ~~IBA Aggregates, designing and building production equipment, and testing and manufacturing IBA Aggregates, all at an estimated cost of $3~~(www.~~50 million~~ibagreen. Ifcom) ~~Pioneer~~with ~~does~~information ~~not~~regarding ~~receive sufficient funding on a timely basis, it could have a material adverse effect on~~ its ~~liquidity, financial condition and~~ business ~~prospects. Additionally, if Pioneer receives funding, it may be on terms that are not favorable to Pioneer~~ and ~~its stockholders~~products. There are no assurances that Pioneer will be able to achieve further sales of its common stock or any other form of additional financing. If Pioneer is unable to achieve the financing necessary to continue its plan of operations, then Pioneer will not be able to continue its exploration programs and its business will fail.

~~Net~~IBA ~~Cash~~Green ~~Used~~has inbudgeted ~~Operating~~$550,000 ~~Activities~~for this phase and expects it to take three months to complete, with completion expected within the first six months of IBA Green’s plan of operation.

~~For the fiscal year ended August 31, 2011, net cash used in operating activities decreased to $35,747 compared with $33,860 for the same period in the previous fiscal year~~3. Phase Three

AtIn ~~August~~Phase ~~31,~~Three ~~2011,~~IBA ~~Pioneer~~plans ~~had~~to ~~cash~~(1) ofretain ~~$3,194. During~~production engineers and industrial engineers to design the ~~fiscal~~equipment ~~year~~and ~~ended~~line ~~August~~specification ~~31,~~for ~~2011,~~a ~~Pioneer~~prototype ~~used~~that ~~$35,747~~will inconvert ~~cash~~the ~~for~~IBA’s ~~operating~~into ~~activities~~IBA Aggregate or other products; (2) acquire the mechanical engineering hardware; (3) build and assemble a production prototype; and (4) further development and marketing IBA Green’s business and products.

~~Net Cash Provided by Investing Activities~~12

~~Net~~IBA ~~cash~~Green ~~provided~~has bybudgeted ~~investing activities was~~ $~~nil~~500,000 for ~~the~~this ~~fiscal~~phase ~~year~~and ~~ended~~expects ~~August~~it ~~31,~~to ~~2011~~take asthree ~~compared~~months ~~with~~to ~~cash~~complete, ~~flow~~with ~~from~~completion ~~investing~~expected ~~activities~~within ofthe ~~$nil~~last ~~for~~six ~~the~~months ~~same~~of ~~period~~IBA inGreen’s ~~the~~plan ~~previous~~of ~~fiscal year~~operation.

~~Net~~4. Phase ~~Cash Provided by Financing Activities~~Four

~~Net~~In ~~cash~~Phase ~~flows~~Four ~~provided~~IBA byplans ~~financing~~to ~~activities~~(1) ~~decreased~~set toup ~~$37,936~~the on-site manufacturing prototype for the ~~fiscal~~conversion ~~year~~of ~~ended~~the ~~August~~IBA’s ~~31,~~into ~~2011~~IBA asAggregates ~~compared~~and ~~with~~other ~~financing~~products; ~~activities~~(2) ofperform ~~$29,566~~further ~~for~~testing on the ~~same~~IBA ~~period~~Aggregates inand ~~the~~other ~~previous~~products ~~fiscal~~manufactured ~~year. The~~on-site ~~increase~~to inconfirm ~~net~~they ~~cash~~are ~~provided~~the byhighest ~~financing~~quality ~~activities~~and ~~was~~best-use ~~due~~site specific to anthe ~~increase~~particular inIBA; ~~proceeds~~(3) ~~from~~complete ~~convertible~~third ~~notes~~party ~~payable~~laboratory ~~offset~~product bytesting afor ~~decrease~~certification; and (4) continued development and marketing of ~~advances~~IBA ~~from~~Green’s abusiness ~~related~~and ~~party~~products.

~~Results~~IBA ofGreen ~~Operation~~has budgeted $2,000,000 for ~~the~~this ~~Period~~phase ~~Ended~~and ~~August~~expects 31it to take three months to complete, ~~2011~~with completion expected within the last three months of IBA Green’s plan of operation.

~~Pioneer~~Risk has had no operating revenues since its inception on June 9, 2005, through to August 31, 2011. Pioneer’s activities have been financed from the proceeds of share subscriptions. From its inception, on June 9, 2005, to August 31, 2011 Pioneer has raised a total of $64,901 from private offerings of its common stock.Factors

~~Page~~An investment in Pioneer’s common stock involves a number of very significant risks. Prospective investors should refer to all the risk factors disclosed in Pioneer’s Form SB-2/A 13filed on February 20, 2007 and Pioneer’s Form 10-KSB filed on December 11, 2007.

~~References~~Financial ~~to the discussion below to fiscal 2011 are to Pioneer’s fiscal year ended on August 31, 2011. References to fiscal 2010 are to Pioneer’s fiscal year ended August 31, 2010.~~Condition

	Accumulated from June 9, 2005 (Date of Inception) to August 31, 2011 $			For the Year Ended August 31, 2011 $			For the Year Ended August 31, 2010 $
	(Audited)			(Audited)			(Audited)
Revenue		–			–			–
Expenses
Accretion of beneficial conversion features		93,034			11,200			-
Donated rent		11,250			-			-
Donated services		33,000			3,000			4,500
Foreign exchange loss		6,291			8,097			1,951
General and administrative		39,191			11,041			7,190
Impairment loss on mineral properties		7,500			-			-
Mineral property costs		5,887			-			-
Professional fees		248,086			38,230			35,375
Total Expenses		444,239			71,568			49,016
Operating Loss		(444,239	)		(71,568	)		(49,016	)
Other Income (Expense)
Impairment of note receivable		(93,670	)		-			(93,670	)
Interest income		8,713			-			8,713
Gain on sale of investment		10,087			-			10,087
Net Loss		(519,199	)		(71,568	)		(123,976	)

As at August 31, 2012, Pioneer had a cash balance of $202. During the 12 month period following the date of this current report, management anticipates that neither Pioneer nor IBA Green will generate any revenue. Accordingly, Pioneer will be required to obtain financing in order to continue its plan of operations. Management anticipates that the financing will be in the form of equity financing from the sale of Pioneer’s common stock. If Pioneer is successful in completing an equity financing, existing shareholders will experience dilution of their interest in Pioneer. However, management does not have any financing arranged and cannot provide investors with any assurance that it will be able to raise sufficient financing from the sale of Pioneer’s common stock to finance the plan of operations. In the absence of such financing, Pioneer will not be able to implement its plan of operation and the business plan will fail.

~~Donated~~In ~~Rent~~addition, management anticipates incurring the following expenses during the next 12 month period:

Donated rent is attributable to a rent expense of $250 per month attributable to the provision of Pioneer’s business premises without cost by Thomas Brady, Pioneer’s former Treasurer and Corporate Secretary. Donated rent ceased on February 28, 2009 after which Pioneer began renting from an unrelated third party.


●	Management anticipates spending approximately $3,000 in ongoing general and administrative expenses per month for the next 12 months, for a total anticipated expenditure of $36,000 over the next 12 months. The general and administrative expenses for the year will consist primarily of professional fees for the audit and legal work relating to Pioneer’s regulatory filings throughout the year, as well as transfer agent fees and general office expenses.

●	Management anticipates spending approximately $12,000 in complying with Pioneer’s obligations as a reporting company under the Securities Exchange Act of 1934. These expenses will consist primarily of professional fees relating to the preparation of Pioneer’s financial statements and completing its annual report, quarterly report, and current report filings with the SEC.

~~Donated~~Pioneer ~~Services~~will require approximately $50,000 in order to fund its obligations as a reporting company under the Securities Act of 1934 and its general and administrative expenses for the next 12 months.

~~Donated~~Liquidity ~~services are attributable to an expense of $250 per month in respect of services without compensation provided by Warren Robb, Pioneer’s former President~~ and ~~CEO,~~Capital ~~and an expense of $250 per month in respect of services without compensation provided by Thomas Brady, a former officer of Pioneer.~~Resources

~~Foreign~~As ~~Exchange~~of August 31, 2012, Pioneer had total assets of $202, and a working capital deficit of $1,055,956, compared with a working capital deficit of $49,900 as of August 31, 2011. The increase in the working capital deficit was primarily due to an increase in the amount due to a related party, and an increase in accounts payable, an increase in accrued liabilities, and convertible notes payable. Assets consisted solely of $202 in cash and the liabilities consisted of $314,331 in accounts payable and accrued liabilities, $171,000 in convertible notes payable, $29,274 in loan payables and $541,553 due to a related party.

~~Foreign exchange consists of foreign exchange gains and losses that arise from settling transactions undertaken by Pioneer in currencies other than the US dollar.~~13

~~Page~~Pioneer -will 14need to raise additional capital to execute its plan of operation. As described above, for the next 12 months Pioneer plans on securing contracts for the purpose of acquiring IBA’s and converting the IBA’s into commercially viable products, testing and stabilizing IBA, developing IBA Aggregates, designing and building production equipment, and testing and manufacturing IBA Aggregates, all at an estimated cost of $3.50 million. If Pioneer does not receive sufficient funding on a timely basis, it could have a material adverse effect on its liquidity, financial condition and business prospects. Additionally, if Pioneer receives funding, it may be on terms that are not favorable to Pioneer and its stockholders. There are no assurances that Pioneer will be able to achieve further sales of its common stock or any other form of additional financing. If Pioneer is unable to achieve the financing necessary to continue its plan of operations, then Pioneer will not be able to continue its exploration programs and its business will fail.

~~General~~Net ~~and~~Cash ~~Administrative~~Used in Operating Activities

~~General~~For ~~and~~the ~~administrative~~fiscal ~~expenses~~year ~~are~~ended ~~the~~August ~~general~~31, ~~office~~2012, ~~and~~net ~~operational~~cash ~~expenses~~used ofin ~~Pioneer. They~~operating ~~include~~activities ~~bank~~increased ~~charges,~~to ~~filing~~$611 ~~and~~compared ~~transfer~~to ~~agent~~net ~~fees,~~cash ~~website~~provided ~~costs,~~by ~~and~~operating ~~rent~~activities of $40 for the same period in the previous fiscal year.

~~Impairment~~At ~~Loss~~August on31, ~~Mineral~~2012, ~~Properties~~Pioneer had cash of $202. During the fiscal year ended August 31, 2012, Pioneer used $611 in cash for operating activities.

~~Impairment~~Net ~~losses~~Cash onProvided ~~mineral~~by ~~properties~~Investing are mineral property acquisition costs that do not meet the accounting standard’s criteria for capitalization. As a result of not meeting the criteria for capitalization the acquisition costs cannot be included on the balance sheet as an asset and a loss equal to the amount of the acquisition costs is recorded.Activities

~~Accretion~~Net cash flows provided by investing activities increased to $773 for the fiscal year ended August 31, 2012 as compared with investing activities of ~~beneficial~~$nil ~~conversion~~for ~~feature~~the same period in the previous fiscal year. The increase in net cash provided by investing activities was due to cash acquired on the reverse capitalization transaction described above.

~~Accretion~~Net ofCash ~~beneficial~~Provided ~~conversion~~by ~~feature~~Financing ~~is non-cash interest expense relating to Pioneer’s convertible notes. Pioneer records the value of the conversion feature included in the notes as an additional interest cost of the financing.~~Activities

~~Mineral~~Net ~~Property~~cash ~~Costs~~provided by financing activities was $nil for the fiscal year ended August 31, 2012 as compared with cash flow from financing activities of $nil for the same period in the previous fiscal year.

~~Mineral~~Results ~~property~~of ~~costs~~Operation ~~incurred~~for ~~during fiscal 2008 were attributable to~~ the ~~payments~~Period ~~made~~Ended toAugust ~~maintain title to Pioneer’s mineral claims. A total of $5~~31,~~887~~ ~~was spent on the completion of Phase I of Pioneer’s exploration program on the Pipe Property.~~2012

~~Professional~~Pioneer ~~Fees~~has had no operating revenues since its inception on July 21, 2011, through to August 31, 2012. Pioneer’s activities have been financed from the proceeds of share subscriptions. From its inception, on July 1, 2011, Pioneer has raised a total of $49,765 from private offerings of its common stock.

~~Professional~~References ~~expenses~~to ~~included~~the ~~legal,~~discussion ~~accounting~~below ~~and~~to ~~auditing~~fiscal ~~expenses~~2012 ~~associated~~are ~~with~~to Pioneer’s ~~corporate~~fiscal ~~organization,~~year ~~the~~ended ~~preparation~~on ofAugust ~~Pioneer’s~~31, ~~financial~~2012. References ~~statements~~to ~~and~~fiscal 2011 are to Pioneer’s ~~continuous~~fiscal ~~disclosure~~year ~~filings~~ended ~~with~~August ~~the~~31, ~~Securities and Exchange Commission~~2011.

~~Impairment of Note Receivable~~14

Impairment of note receivable is attributable to a promissory note in which management believes ultimate collection is not reasonably assured. As a result, a loss equal to the carrying value of the note receivable was recorded.


	For the	Accumulated from	Accumulated from
	Year	July 21, 2011	July 21, 2011
	Ended	(Date of Inception)	(Date of Inception)
	August 31,	To August 31,	To August 31,
	2012	2011	2012
	$	$	$

Revenue	-	-	-

Expenses
Consulting fees	52,726	-	52,726
General and administrative	11,379	2,308	72,187
Management fees (Note 4(b))	510,250	58,500	510,250
Professional fees	102,308	25,746	128,054
Rent	9,000	-	9,000
Travel	4,797	13,346	18,143
Total Expenses	690,460	99,900	790,360

Operating Loss	(690,460)	(99,900)	(790,360)

Other Expense

Foreign exchange loss	(2,006)	-	(2,006)

Net Loss	(692,466)	(99,900)	(792,366)

Net Loss Per Share - Basic and Diluted	(0.01)	(0.02)

Weighted Average Shares Outstanding	49,764,500	5,000,000

~~Interest~~Foreign ~~Income~~Exchange

~~Interest~~Foreign ~~income~~exchange isconsists ~~non-cash~~of ~~interest~~foreign ~~relating~~exchange togains ~~Pioneer’s~~and ~~note~~losses ~~receivable. Pioneer~~that ~~records~~arise ~~the~~from ~~value~~settling oftransactions ~~the~~undertaken ~~discount~~by ~~included~~Pioneer in ~~the~~currencies ~~note~~other ~~receivable~~than ~~as additional interest income from~~ the ~~promissory~~US ~~note~~dollar.

~~Gain~~General onand ~~Sale of Investment~~Administrative

~~Gain~~General onand ~~sale~~administrative ofexpenses ~~investment~~are ~~is related to~~ the ~~sale~~general ofoffice ~~125,000~~and ~~common~~operational ~~shares~~expenses of ~~Macallan Oil and Gas Inc~~Pioneer., They ~~which~~include ~~had~~bank ~~a carrying value of $76~~charges,~~389,~~ infiling ~~exchange~~and ~~for~~transfer aagent ~~CDN$100~~fees,~~000~~ ~~non-interest~~website ~~bearing promissory note due May 31~~costs, ~~2010~~and rent.

~~Off-Balance~~Accretion ~~Sheet~~of ~~Arrangements~~beneficial conversion feature

~~Pioneer~~Accretion ~~has~~of nobeneficial ~~off~~conversion feature is non-~~balance~~cash ~~sheet~~interest ~~arrangements~~expense ~~including~~relating ~~arrangements~~to ~~that~~Pioneer’s ~~would~~convertible ~~affect~~notes. Pioneer ~~its~~records ~~liquidity,~~the ~~capital~~value ~~resources,~~of ~~market~~the ~~risk~~conversion ~~support~~feature ~~and~~included ~~credit~~in ~~risk~~the ~~support~~notes oras ~~other~~an ~~benefits~~additional interest cost of the financing.

~~Material~~Professional ~~Commitments for Capital Expenditures~~Fees

~~Pioneer~~Professional ~~had~~expenses noincluded ~~contingencies~~legal, oraccounting ~~long-term~~and ~~commitments~~auditing atexpenses ~~August~~associated 31with Pioneer’s corporate organization, ~~2011~~the preparation of Pioneer’s financial statements and Pioneer’s continuous disclosure filings with the Securities and Exchange Commission.

~~Tabular~~Off-Balance ~~Disclosure~~Sheet ~~of Contractual Obligations~~Arrangements

Pioneer ishas ano ~~smaller~~off-balance ~~reporting~~sheet ~~company~~arrangements asincluding ~~defined~~arrangements bythat ~~Rule~~would ~~12b-2~~affect ofits ~~the~~liquidity, ~~Exchange~~capital ~~Act~~resources, ~~and~~market isrisk ~~not~~support ~~required~~and tocredit ~~provide~~risk ~~the~~support ~~information~~or ~~required~~other ~~under this item~~benefits.

~~Page~~Material -Commitments 15for Capital Expenditures

~~Critical~~Pioneer ~~Accounting~~had ~~Policies~~no contingencies or long-term commitments at August 31, 2012.

Pioneer’s financial statements and accompanying notes are prepared in accordance with generally accepted accounting principles in the United States. Preparing financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses. These estimates and assumptions are affected by management’s application of accounting policies. Management believes that understanding the basis and nature of the estimates and assumptions involved with the following aspects of Pioneer’s financial statements is critical to an understanding of Pioneer’s financial statements.15

~~Use~~Tabular Disclosure of ~~Estimates~~Contractual Obligations

~~The~~Pioneer ~~preparation~~is ofa ~~financial~~smaller statements in accordance with United States generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses in the reporting ~~period. Pioneer~~company ~~regularly~~as ~~evaluates~~defined ~~estimates~~by ~~and~~Rule ~~assumptions~~12b-2 ~~related to recovery~~ of financial assets, donated expenses and deferred income tax asset valuation allowances. Pioneer bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the ~~circumstances,~~Exchange ~~the~~Act ~~results of which form the basis for making judgments about the carrying values of assets~~ and ~~liabilities~~is ~~and the accrual of costs and expenses that are~~ not ~~readily~~required ~~apparent~~to ~~from~~provide ~~other sources. The actual results experienced by Pioneer may differ materially and adversely from Pioneer’s estimates. To~~ the ~~extent~~information ~~there~~required ~~are~~under ~~material~~this ~~differences between the estimates and the actual results, future results of operations will be affected~~item.

~~Mineral~~Critical ~~Property~~Accounting ~~Costs~~Policies

Pioneer’s ~~has~~financial ~~been~~statements ~~in the exploration stage since its inception on June 9, 2005~~ and ~~has~~accompanying ~~not~~notes ~~yet~~are ~~realized~~prepared ~~any~~in ~~revenues~~accordance ~~from~~with ~~its~~generally ~~planned~~accepted ~~operations. It~~accounting isprinciples ~~primarily engaged~~ in the ~~acquisition~~United ~~and exploration of mining properties~~States. ~~Mineral~~ Preparing ~~property~~financial ~~exploration~~statements ~~costs~~requires ~~are~~management ~~expensed~~to asmake ~~incurred. Mineral~~estimates ~~property~~and ~~acquisition~~assumptions ~~costs~~that ~~are~~affect ~~initially capitalized. Pioneer assesses~~ the ~~carrying~~reported ~~costs~~amounts ~~for~~of ~~impairment~~assets, ~~under ASC 360~~liabilities, ~~“Property~~revenue, ~~Plant~~ and ~~Equipment”~~expenses. These atestimates ~~each~~and ~~fiscal~~assumptions ~~quarter~~are ~~end. When~~affected itby ~~has~~management’s ~~been~~application ~~determined~~of ~~that~~accounting apolicies. Management ~~mineral~~believes ~~property~~that ~~can~~understanding bethe ~~economically~~basis ~~developed~~and asnature ~~a result~~ of ~~establishing~~the ~~proven~~estimates and ~~probable~~ ~~reserves,~~assumptions ~~the~~involved ~~costs~~with ~~then incurred to develop such property, are capitalized. Such costs will be amortized using~~ the ~~units-of-production~~following ~~method~~aspects ~~over the estimated life~~ of ~~the~~Pioneer’s ~~probable~~financial ~~reserve. If~~statements ~~mineral~~is ~~properties~~critical ~~are~~to ~~subsequently~~an ~~abandoned~~understanding orof ~~impaired,~~Pioneer’s ~~any~~financial ~~capitalized costs will be charged to operations~~statements.

~~Item~~Use ~~7A. Quantitative~~of ~~and Qualitative Disclosures About Market Risk.~~Estimates

~~Pioneer~~The ispreparation aof ~~smaller~~financial statements in accordance with United States generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses in the reporting ~~company~~period. Pioneer asregularly ~~defined~~evaluates byestimates ~~Rule~~and ~~12b-2~~assumptions related to recovery of financial assets, donated expenses and deferred income tax asset valuation allowances. Pioneer bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the ~~Exchange~~circumstances, ~~Act~~the results of which form the basis for making judgments about the carrying values of assets and isliabilities and the accrual of costs and expenses that are not ~~required~~readily toapparent ~~provide~~from other sources. The actual results experienced by Pioneer may differ materially and adversely from Pioneer’s estimates. To the ~~information~~extent ~~required~~there ~~under~~are ~~this~~material ~~item~~differences between the estimates and the actual results, future results of operations will be affected.

~~Page~~Mineral -Property 16Costs

~~Item~~Pioneer 8has been in the exploration stage since its inception on June 9, 2005 and has not yet realized any revenues from its planned operations. ~~Financial~~ It ~~Statements~~is primarily engaged in the acquisition and ~~Supplementary~~exploration ~~Data~~of mining properties. Mineral property exploration costs are expensed as incurred. Mineral property acquisition costs are initially capitalized. Pioneer assesses the carrying costs for impairment under ASC 360, “Property, Plant and Equipment” at each fiscal quarter end. When it has been determined that a mineral property can be economically developed as a result of establishing proven and probable reserves, the costs then incurred to develop such property, are capitalized. Such costs will be amortized using the units-of-production method over the estimated life of the probable reserve. If mineral properties are subsequently abandoned or impaired, any capitalized costs will be charged to operations.

~~PIONEER~~Item ~~EXPLORATION~~7A. ~~INC~~Quantitative and Qualitative Disclosures About Market Risk.

~~(An~~Pioneer ~~Exploration~~is ~~Stage~~a ~~Company)~~smaller reporting company as defined by Rule 12b-2 of the Exchange Act and is not required to provide the information required under this item.

~~FINANCIAL~~ Item ~~STATEMENTS~~8. Financial Statements and Supplementary Data.

~~August 31, 2011~~16

	Index
Report of Independent Registered Public Accounting Firm	F–1
Balance Sheets	F–2
Statements of Operations	F–3
Statements of Cash Flows	F–4
Statements of Stockholders’ Deficit	F–5
Notes to the Financial Statements	F–6

Pioneer Exploration Inc.

~~Page~~(A -Development 17Stage Company)

~~Report~~August of31, ~~Independent Registered Public Accounting Firm~~2012

To the Directors and Stockholders of


	Index



Report of Independent Registered Public Accounting Firm	F-1

Consolidated Balance Sheets	F-2

Consolidated Statements of Operations and Comprehensive Loss	F-3

Consolidated Statements of Cash Flows	F-4

Statement of Stockholders’ Deficit	F-5

Notes to the Consolidated Financial Statements	F-6

~~Pioneer Exploration Inc.~~17

~~(An~~Report ~~Exploration~~of ~~Stage~~Independent ~~Company)~~Registered Public Accounting Firm

WeTo ~~have audited~~ the ~~accompanying~~Stockholders ~~balance sheets~~ of Pioneer Exploration Inc. (An Exploration Stage Company) as of August 31, 2011 and 2010 and the related statements of operations, cash flows, and stockholders' deficit for the years then ended and accumulated from June 9, 2005 (Date of inception) to August 31, 2011. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audits.

WePioneer ~~conducted~~Exploration ~~our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States)~~Inc. 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 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 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 Pioneer Exploration Inc.~~ (AnA ~~Exploration~~Development Stage Company) as of August 31, 2011 and 2010 and the results of its operations and its cash flows for the years then ended and accumulated from June 9, 2005 (Date of inception) to August 31, 2011, in conformity with accounting principles generally accepted in the United States.

~~The~~We ~~accompanying~~have ~~financial~~audited ~~statements~~the ~~have~~accompanying ~~been~~consolidated ~~prepared~~balance ~~assuming~~sheets ~~the~~of ~~Company~~Pioneer ~~will~~Exploration ~~continue~~Inc. as(A aDevelopment ~~going~~Stage ~~concern.~~Company) Asas ~~discussed~~of inAugust ~~Note~~31, 12012 toand 2011 and the ~~financial~~related consolidated statements, ~~the~~of ~~Company~~operations ~~has~~and acomprehensive ~~working~~loss, ~~capital~~cash ~~deficiency~~flows and ~~has~~stockholders' ~~incurred~~equity ~~operating~~(deficit) ~~losses~~for ~~since~~the ~~inception.~~years ~~These~~then ~~factors~~ended ~~raise~~and ~~substantial~~accumulated ~~doubt~~for ~~about~~ the ~~Company’s~~period ~~ability~~from toJuly ~~continue~~21, as2011 a(Date ~~going~~of ~~concern.~~Inception) ~~Management’s~~to ~~plans~~August in31, ~~regard~~2012. toThese ~~these~~financial ~~matters~~statements are ~~also~~the ~~discussed~~responsibility inof ~~Note~~the 1Company's management. ~~The~~Our ~~financial~~responsibility ~~statements~~is doto ~~not~~express ~~include~~an ~~any~~opinion ~~adjustments~~on ~~that~~these ~~might~~financial ~~result~~statements ~~from~~based ~~the~~on ~~outcome~~our ~~of this uncertainty~~audits.

~~/s/~~We ~~Manning~~conducted ~~Elliott~~our ~~LLP~~audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. An audit includes 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 internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation.

~~CHARTERED~~In ~~ACCOUNTANTS~~our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of Pioneer Exploration Inc. (A Development Stage Company) as of August 31, 2012 and 2011, and the results of its operations and its cash flows for the years then ended and accumulated for the period July 21, 2011 (Date of Inception) to August 31, 2012 in conformity with accounting principles generally accepted in the United States.

~~Vancouver~~The accompanying consolidated financial statements have been prepared assuming the Company will continue as a going concern. As discussed in Note 1 to the consolidated financial statements, ~~Canada~~the Company has not generated any revenues and has incurred operating losses since inception. These factors raise substantial doubt about the Company’s ability to continue as a going concern. Management’s plans in regard to these matters are also discussed in Note 1. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.

~~November~~CHARTERED ~~25,~~ACCOUNTANTS ~~2011~~

FVancouver, -Canada 1

~~Pioneer~~December ~~Exploration~~14, ~~Inc.~~2012

~~(An Exploration Stage Company)~~F-1

~~Balance~~Pioneer ~~Sheets~~Exploration Inc.

(~~Expressed~~A inDevelopment ~~U.S.~~Stage ~~dollars~~Company)

	August 31, 2011 $			August 31, 2010 $
ASSETS
Cash		3,194			1,005
Total Assets		3,194			1,005
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current Liabilities
Accounts payable		19,298			7,258
Accrued liabilities		32,300			30,976
Convertible notes payable (Note 5)		171,000			136,000
Due to related party (Note 3(a))		91,610			80,417
Total Liabilities		314,208			254,651
Going Concern (Note 1)
Subsequent Event (Note 7)
Stockholders’ Deficit
Preferred Stock, 10,000,000 shares authorized, $0.001 par value No shares issued and outstanding		–			–
Common Stock, 65,000,000 shares authorized, $0.001 par value 11,264,500 shares issued and outstanding		11,265			11,265
Additional Paid-In Capital		152,670			141,470
Donated Capital (Note 3(b))		44,250			41,250
Deficit Accumulated During the Exploration Stage		(519,199	)		(447,631	)
Total Stockholders’ Deficit		(311,014	)		(253,646	)
Total Liabilities and Stockholders’ Deficit		3,194			1,005

Consolidated Balance Sheets

(~~The~~Expressed ~~accompanying~~in ~~notes~~U.S. ~~are an integral part of these financial statements~~dollars)

F - 2


	August 31, 2012 $	August 31, 2011 $

ASSETS

Cash	202	40
Total Assets	202	40


LIABILITIES AND STOCKHOLDERS’ DEFICIT

Current Liabilities

Accounts payable and accrued liabilities	314,331	25,000
Convertible notes payable (Note 6)	171,000	-
Loan payable (Note 7)	29,274	-
Due to related party (Note 4(a))	541,553	24,940

Total Liabilities	1,056,158	49,940

Going Concern (Note 1)

Subsequent Event (Note 10)

Stockholders’ Deficit

Preferred Stock, 10,000,000 shares authorized, $0.001 par value No shares issued and outstanding	-	-

Common Stock, 65,000,000 shares authorized, $0.001 par value 49,764,500 (2011 - 38,500,000) shares issued and outstanding	49,765	38,500

Additional Paid-in Capital	-	11,500

Deficit Accumulated During the Development Stage	(1,105,721)	(99,900)

Total Stockholders’ Deficit	(1,055,956)	(49,900)

Total Liabilities and Stockholders’ Deficit	202	40

~~Pioneer~~The ~~Exploration~~Accompanying ~~Inc.~~Notes are an Integral Part of These Financial Statements

~~(An Exploration Stage Company)~~F-2

~~Statements~~Pioneer ofExploration ~~Operations~~Inc.

(~~Expressed~~A inDevelopment ~~U.S.~~Stage ~~dollars~~Company)

	Accumulated from			For the			For the
	June 9, 2005			Year			Year
	(Date of Inception)			Ended			Ended
	To August 31,			August 31,			August 31,
	2011			2011			2010
	$			$			$
Revenue		–			–			–
Expenses
Accretion of beneficial conversion features (Note 5)		93,034			11,200			–
Donated rent		11,250			–			–
Donated services (Note 3(b))		33,000			3,000			4,500
Foreign exchange loss		6,291			8,097			1,951
General and administrative		39,191			11,041			7,190
Impairment loss on mineral properties		7,500			–			–
Mineral property costs		5,887			–			–
Professional fees		248,086			38,230			35,375
Total Expenses		444,239			71,568			49,016
Operating Loss		(444,239	)		(71,568	)		(49,016	)
Other Income (Expense)
Impairment of note receivable		(93,760	)		–			(93,760	)
Interest income		8,713			–			8,713
Gain on sale of investment		10,087			–			10,087
Net Loss		(519,199	)		(71,568	)		(123,976	)
Net Loss Per Share – Basic and Diluted					(0.01	)		(0.01	)
Weighted Average Shares Outstanding					11,264,500			11,264,500

Consolidated Statements of Operations and Comprehensive Loss

(~~The~~Expressed ~~accompanying~~in ~~notes~~U.S. ~~are an integral part of these financial statements~~dollars)

F - 3


	For the	For the period from	Accumulated from
	Year	July 21, 2011	July 21, 2011
	Ended	(Date of Inception)	(Date of Inception)
	August 31,	To August 31,	To August 31,
	2012	2011	2012
	$	$	$

Revenue	-	-	-

Expenses

Consulting fees	52,726	-	52,726
General and administrative	11,379	2,308	13,687
Management fees (Note 4(b))	510,250	58,500	568,750
Professional fees	102,308	25,746	128,054
Rent	9,000	-	9,000
Travel	4,797	13,346	18,143

Total Expenses	690,460	99,900	790,360

Operating Loss	(690,460)	(99,900)	(790,360)

Other Expense

Foreign exchange loss	(2,006)	-	(2,006)

Net Loss and Comprehensive Loss	(692,466)	(99,900)	(792,366)


Net Loss Per Share - Basic and Diluted	(0.01)	(0.02)


Weighted Average Shares Outstanding	49,764,500	5,000,000

~~Pioneer~~The ~~Exploration~~Accompanying ~~Inc.~~Notes are an Integral Part of These Financial Statements

~~(An Exploration Stage Company)~~F-3

~~Statements~~Pioneer ofExploration ~~Cash Flows~~Inc.

(~~Expressed~~A inDevelopment ~~U.S.~~Stage ~~dollars~~Company)

	Accumulated
	From			For the			For the
	June 9, 2005			Year			Year
	(Date of Inception)			Ended			Ended
	To August 31,			August 31,			August 31,
	2011			2011			2010
	$			$			$
Operating Activities
Net loss		(519,199	)		(71,568	)		(123,976	)
Adjustment to reconcile net loss to net cash used in operating activities
Accretion of beneficial conversion feature		93,034			11,200			–
Donated services and rent		44,250			3,000			4,500
Gain on sale of investment		(10,087	)		–			(10,087	)
Foreign exchange loss		8,431			7,002			1,429
Impairment of note receivable		93,760			–			93,760
Interest income		(8,713	)		–			(8,713	)
Changes in operating assets and liabilities
Accounts payable		19,298			12,040			5,349
Accrued liabilities		32,300			1,324			1,676
Due from related party		5,157			1,255			2,202
Net Cash Used In Operating Activities		(241,769	)		(35,747	)		(33,860	)
Investing Activities
Purchase of investment		(76,389	)		–			–
Net Cash Used In Investing Activities		(76,389	)		–			–
Financing Activities
Advances from related party		79,451			2,936			29,566
Proceeds from convertible notes payable		177,000			35,000			–
Proceeds from issuance of common stock		64,901			–			–
Net Cash Provided by Financing Activities		321,352			37,936			29,566
Increase (Decrease) in Cash		3,194			2,189			(4,294	)
Cash - Beginning of Period		–			1,005			5,299
Cash - End of Period		3,194			3,194			1,005
Non-cash Investing and Financing Activities
Investment exchanged for note receivable		86,476			–			86,476
Common shares issued to settle debt		6,000			–			–
Supplemental Disclosures
Interest paid		–			–			–
Income taxes paid		–			–			–

Consolidated Statements of Cash Flows

(~~The~~Expressed ~~accompanying~~in ~~notes~~U.S. ~~are an integral part of these financial statements~~dollars)

F - 4


	For the	For the period from	Accumulated from
	Year	July 21, 2011	July 21, 2011
	Ended	(Date of Inception)	(Date of Inception)
	August 31,	To August 31,	to August 31,
	2012	2011	2012
	$	$	$

Operating Activities

Net loss for the period	(692,466)	(99,900)	(801,366)

Adjustment to reconcile net loss to net cash used in operating activities:

Shares issued for services	-	50,000	50,000

Changes in operating assets and liabilities:

Accounts payable and accrued liabilities	145,968	25,000	179,968
Due to related parties	545,887	24,940	570,827

Net Cash (used in) provided by Operating Activities	(611)	40	(571)

Investing Activities

Cash acquired on reverse capitalization	773	-	773

Net Cash Provided by Investing Activities	773	-	773

Increase (Decrease) in Cash	162	40	202

Cash - Beginning of Period	40	-	-

Cash - End of Period	202	40	202


Supplemental Disclosures

Interest paid	-	-	-
Income taxes paid	-	-	-

~~Pioneer~~The ~~Exploration~~Accompanying ~~Inc.~~Notes are an Integral Part of These Financial Statements

~~(An Exploration Stage Company)~~F-4

~~Statement~~Pioneer ofExploration ~~Stockholders’ Deficit~~Inc.

~~For the Period from June 9, 2005~~ (~~Date~~A ofDevelopment ~~Inception)~~Stage ~~to August 31, 2011~~Company)

~~(Expressed~~Statement inof ~~U.S.~~Stockholders’ ~~dollars)~~Deficit

												Deficit
												Accumulated
						Additional						During the
	Common Stock					Paid-In			Donated			Exploration
	Shares		Par Value			Capital			Capital			Stage				Total
		#			$			$			$				$	$
Balance – June 9, 2005 (Date of Inception)		–		–			–			–			–				–
Common stock issued for cash at $0.001 per share		11,025,000		11,025			–			–			–				11,025
Donated services and rent		–		–			–			2,250			–				2,250
Net loss for the period		–		–			–			–			(6,681	)			(6,681	)
Balance – August 31, 2005		11,025,000		11,025			–			2,250			(6,681	)			6,594
Common stock issued for cash at $0.25 per share		215,500		216			53,660			–			–				53,876
Common stock issued for cash for stock subscriptions received recorded as loans payable		24,000		24			5,976			–			–				6,000
Donated services and rent		–		–			–			9,000			–				9,000
Net loss for the year		–		–			–			–			(54,679	)			(54,679	)
Balance – August 31, 2006		11,264,500		11,265			59,636			11,250			(61,360	)			20,791
Donated services and rent		–		–			–			9,000			–				9,000
Net loss for the year		–		–			–			–			(47,342	)			(47,342	)
Balance – August 31, 2007		11,264,500		11,265			59,636			20,250			(108,702	)			(17,551	)
Donated services and rent		–		–			–			9,000			–				9,000
Net loss for the year		–		–			–			–			(70,256	)			(70,256	)
Balance – August 31, 2008		11,264,500		11,265			59,636			29,250			(178,958	)			(78,807	)
Beneficial conversion feature		–		–			81,834			–			–				81,834
Donated services and rent		–		–			–			7,500			–				7,500
Net loss for the year		–		–			–			–			(144,697	)			(144,697	)
Balance – August 31, 2009		11,264,500		11,265			141,470			36,750			(323,655	)			(134,170	)
Donated services and rent		–		–			–			4,500			–				4,500
Net loss for the year		–		–			–			–			(123,976	)			(123,976	)
Balance – August 31, 2010		11,264,500		11,265			141,470			41,250			(447,631	)			(253,646	)
Beneficial conversion feature		–		–			11,200			–			–				11,200
Donated services		–		–			–			3,000			–				3,000
Net loss for the year		–		–			–			–			(71,568	)			(71,568	)
Balance – August 31, 2011		11,264,500		11,265			152,670			44,250			(519,199	)			(311,014	)

For the Period from July 21, 2011 (Date of Inception) to August 31, 2012

(~~The~~Expressed ~~accompanying~~in ~~notes~~U.S. ~~are an integral part of these financial statements~~dollars)

F - 5


				Deficit
				Accumulated
			Additional	During the
	Common Stock		Paid-In	Exploration
	Shares	Par Value	Capital	Stage	Total
	#	$	$	$	$

Balance - July 21, 2011 (Date of Inception)	-	-	-	-	-

Common stock issued for services	38,500,000	38,500	11,500	-	50,000

Net loss for the period	-	-	-	(99,900)	(99,900)

Balance - August 31, 2011	38,500,000	38,500	11,500	(99,900)	(49,900)

~~Pioneer~~Recapitalization ~~Exploration~~upon ~~Inc.~~reverse merger

~~(An Exploration Stage Company)~~11,264,500

~~Notes to Financial Statements~~11,265

~~For the Years Ended August 31~~(11, ~~2011 and 2010~~500)

(~~Expressed in U.S. Dollars~~313,355)

~~1. Nature of Operations and Going Concern~~(313,590)

~~Pioneer~~Net ~~Exploration~~loss ~~Inc.~~for (the “Company”) was incorporated in the State of Nevada on June 9, 2005. The Company is an Exploration Stage Company, as defined by Financial Accounting Standard Board (“FASB”) Accounting Standards Codification (“ASC”) 915, Development Stage Enterprises. The Company’s past and planned future principal business is the acquisition and exploration of mineral properties. The Company has not identified and acquired any properties that contain mineral reserves that are economically recoverable.year

These financial statements have been prepared on a going concern basis, which implies the Company will continue to realize its assets and discharge its liabilities in the normal course of business. The Company has never generated revenues since inception and has never paid any dividends and is unlikely to pay dividends or generate earnings in the immediate or foreseeable future. The continuation of the Company as a going concern is dependent upon the continued financial support from its secretary and convertible note holders, the ability of the Company to obtain necessary equity financing to continue operations, and the attainment of profitable operations. As at August 31, 2011, the Company has a working capital deficiency of $311,014 and has accumulated losses of $519,199 since inception. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.-

~~2. Summary of Significant Accounting Policies~~-

~~a) Basis of Presentation~~-

~~These financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States~~(692, ~~and are expressed in U.S. dollars. The Company’s fiscal year-end is August 31.~~466)

b(692,466) ~~Use of Estimates~~

~~The~~Balance ~~preparation~~- ofAugust financial statements in accordance with United States generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses in the reporting period. The Company regularly evaluates estimates and assumptions related to the recovery of financial assets31, donated expenses and deferred income tax asset valuation allowances. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.2012

~~c) Cash and Cash Equivalents~~49,764,500

~~The Company considers all highly liquid instruments with maturity of three months or less at the time of issuance to be cash equivalents.~~49,765

F - 6

~~Pioneer Exploration Inc.~~(1,105,721)

(~~An Exploration Stage Company~~1,055,956)

The Accompanying Notes toare an Integral Part of These Financial Statements

~~For the Years Ended August 31, 2011 and 2010~~F-5

~~2. Summary~~Pioneer ofExploration ~~Significant Accounting Policies (continued)~~Inc.

d)(A ~~Long-Lived~~Development ~~Assets~~Stage Company)

InNotes accordance with ASC 360, Property, Plant, and Equipment, the Company tests long-lived assets or asset groups for recoverability when events or changes in circumstances indicate that their carrying amount may not be recoverable. Circumstances which could trigger a review include, but are not limited to: ~~significant decreases in~~ the ~~market~~Consolidated ~~price~~Financial of the asset; significant adverse changes in the business climate or legal factors; accumulation of costs significantly in excess of the amount originally expected for the acquisition or construction of the asset; current period cash flow or operating losses combined with a history of losses or a forecast of continuing losses associated with the use of the asset; and current expectation that the asset will more likely than not be sold or disposed significantly before the end of its estimated useful life. Recoverability is assessed based on the carrying amount of the asset and its fair value which is generally determined based on the sum of the undiscounted cash flows expected to result from the use and the eventual disposal of the asset, as well as specific appraisal in certain instances. An impairment loss is recognized when the carrying amount is not recoverable and exceeds fair value.Statements

e)For ~~Asset~~the ~~Retirement~~Year ~~Obligations~~Ended August 31, 2012

~~The~~(Expressed ~~Company~~in follows the provisions of ASC 410 – 20, Asset Retirement Obligations which establishes standards for the initial measurement and subsequent accounting for obligations associated with the sale, abandonment or other disposal of long-lived tangible assets arising from the acquisition, construction or development and for normal operations of such assetsU. ~~As at August 31, 2011 and 2010, the Company does not have any asset retirement obligations~~S. Dollars)

~~f) Financial Instruments and Fair Value Measurements~~1.

~~ASC~~Nature ~~825, Financial Instruments requires an entity to maximize the use~~ of ~~observable~~Operations ~~inputs~~ and ~~minimize~~Going the use of unobservable inputs when measuring fair value. ASC 825 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 825 prioritizes the inputs into three levels that may be used to measure fair value:Concern

~~Level~~Pioneer 1Exploration Inc. (the “Company”) was incorporated in the State of Nevada on June 9, 2005. On October 28, 2011, the Company closed a reverse capitalization transaction with IBA Green Inc. (“IBA”), a privately-held company incorporated on July 21, 2011, under the laws of the State of Delaware (see Note 3). In accordance with the reverse capitalization, the Company issued 38,500,000 shares of common stock to the shareholder of IBA in exchange for 100% of the issued and outstanding shares of common stock of IBA.

~~Level~~The 1Company ~~applies~~is toa ~~assets~~Development orStage ~~liabilities~~Company, ~~for~~as ~~which~~defined ~~there~~by ~~are~~Financial ~~quoted~~Accounting ~~prices~~Standard inBoard ~~active~~(“FASB”) ~~markets~~Accounting ~~for~~Standards ~~identical~~Codification ~~assets~~(“ASC”) or915, ~~liabilities~~Development Stage Enterprises. The Company’s past and planned future principal business is providing the safe disposal of waste products by creating commercially viable green products.

~~Level~~These 2consolidated financial statements have been prepared on a going concern basis, which implies the Company will continue to realize its assets and discharge its liabilities in the normal course of business. The Company has never generated revenues since inception and has never paid any dividends and is unlikely to pay dividends or generate earnings in the immediate or foreseeable future. The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders and note holders, the ability of the Company to obtain necessary equity financing to continue operations, and the attainment of profitable operations. As at August 31, 2012, the Company has a working capital deficiency of $1,055,956 and has an accumulated deficit of $1,105,721 since inception. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. These consolidated financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

~~Level~~ 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.

~~Level~~Summary 3of Significant Accounting Policies

~~Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.~~a)

~~The~~Basis ~~Company’s financial instruments consist principally~~ of ~~cash, accounts payable, amounts due to a related party and convertible notes payable.~~Presentation

FThese consolidated financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States, and are expressed in U.S. dollars. These consolidated financial statements include the accounts of the Company and its wholly owned subsidiary, IBA Green Inc., a company incorporated in the State of Delaware. All inter-company 7accounts and transactions have been eliminated. The Company’s fiscal year-end is August 31. These financial statements present the net assets and operations of IBA Green Inc. from the periods from inception on July 21, 2011 to August 31, 2012 since the net assets and operations of IBA Green Inc. are deemed to be the continuing entity for accounting purposes under the terms of the acquisition described in Note 3. Accordingly, IBA Green Inc. is deemed to have acquired the net assets of Pioneer Exploration Inc. on October 28, 2011. The comparative figures as at and for the period ended August 31, 2011 are those of IBA Green Inc. alone.

~~Pioneer Exploration Inc.~~b)

~~(An~~Use ~~Exploration~~of ~~Stage Company)~~Estimates

~~Notes~~The preparation of financial statements in accordance with United States generally accepted accounting principles requires management to ~~Financial~~make ~~Statements~~estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses in the reporting period. The Company regularly evaluates estimates and assumptions related to the recovery of financial assets, donated expenses, deferred income tax asset valuation allowances and fair value measurements. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.

~~For the Years Ended August 31, 2011 and 2010~~F-6

2.Pioneer ~~Summary~~Exploration ~~of Significant Accounting Policies (continued)~~Inc.

f)(A ~~Financial~~Development ~~Instruments~~Stage ~~and Fair Value Measurements (continued~~Company)

~~Pursuant~~Notes to ~~ASC 825,~~ the ~~fair~~Consolidated ~~value~~Financial of cash is determined based on “Level 1” inputs, which consist of quoted prices in active markets for identical assets. The Company believes that the recorded values of accounts payable, convertible notes payable and amounts due to a related party approximate their current fair values because of their nature and respective relatively short maturity dates or durations.Statements

~~Assets~~For ~~measured at fair value on a recurring basis were presented on~~ the ~~Company’s~~Year ~~balance~~Ended ~~sheet as of~~ August 31, ~~2011~~2012 ~~as follows:~~

	Fair Value Measurements Using
	Quoted Prices in	Significant
	Active Markets	Other	Significant
	For Identical	Observable	Unobservable	Balance
	Instruments	Inputs	Inputs	August 31,
	(Level 1) $	(Level 2) $	(Level 3) $	2011 $
Assets:
Cash	3,194	–	–		3,194

(Expressed in U.S. Dollars)

~~Foreign currency transactions are primarily undertaken in Canadian dollars~~2. The financial risk is the risk to the Company’s operations that arise from fluctuations in foreign exchange rates and the degree of volatility of these rates. Currently, the Company does not use derivative instruments to reduce its exposure to foreign currency risk.

g)Summary ~~Income~~of ~~Taxes~~Significant Accounting Policies (continued)

The Company accounts for income taxes using the asset and liability method in accordance with ASC 740, Income Taxes. The asset and liability method provides that deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities, and for operating loss and tax credit carry-forwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company records a valuation allowance to reduce deferred tax assets to the amount that is believed more likely than not to be realized.c)

h)Cash ~~Foreign~~and ~~Currency~~Cash ~~Translation~~Equivalents

The Company’s ~~functional~~considers ~~and~~all ~~reporting~~highly ~~currency~~liquid isinstruments ~~the~~with ~~United~~maturity ~~States~~of ~~dollar.~~three ~~Occasional~~months ~~transactions~~or ~~may~~less occur in Canadian dollars and management has adopted ASC 830, Foreign Currency Translation Matters. Monetary assets and liabilities denominated in foreign currencies are translated using the exchange rate prevailing at the ~~balance~~time ~~sheet date. Non-monetary assets and liabilities denominated in foreign currencies are translated at rates~~ of ~~exchange~~issuance ~~in effect at the date of the transaction. Average rates are used~~ to ~~translate~~be ~~revenues~~cash ~~and expenses~~equivalents. ~~Gains and losses arising on translation or settlement of foreign currency denominated transactions or balances are included in the determination of income.~~

id) ~~Comprehensive Income~~

~~ASC~~Long-Lived 220, Comprehensive Income establishes standards for the reporting and display of other comprehensive income and its components in the financial statements. During the years ended August 31, 2011 and 2010, the Company had no items that represent other comprehensive income.Assets

FIn accordance with ASC 360, Property, Plant, and Equipment, the Company tests long-lived 8assets or asset groups for recoverability when events or changes in circumstances indicate that their carrying amount may not be recoverable. Circumstances which could trigger a review include, but are not limited to: significant decreases in the market price of the asset; significant adverse changes in the business climate or legal factors; accumulation of costs significantly in excess of the amount originally expected for the acquisition or construction of the asset; current period cash flow or operating losses combined with a history of losses or a forecast of continuing losses associated with the use of the asset; and current expectation that the asset will more likely than not be sold or disposed significantly before the end of its estimated useful life. Recoverability is assessed based on the carrying amount of the asset and its fair value which is generally determined based on the sum of the undiscounted cash flows expected to result from the use and the eventual disposal of the asset, as well as specific appraisal in certain instances. An impairment loss is recognized when the carrying amount is not recoverable and exceeds fair value.

~~Pioneer Exploration Inc.~~e)

~~(An Exploration Stage Company)~~Patents

~~Notes~~Patents toare ~~Financial~~stated ~~Statements~~at cost and have a definite life. Once the Company receives patent approval, amortization is calculated using the straight-line method over the remaining life of the patents.

~~For the Years Ended August 31, 2011 and 2010~~f)

2.Financial ~~Summary~~Instruments ofand ~~Significant~~Fair ~~Accounting~~Value ~~Policies (continued)~~Measurements

j)ASC ~~Basic~~825, Financial Instruments requires an entity to maximize the use of observable inputs and ~~Diluted~~minimize ~~Net~~the ~~Income~~use ~~(Loss)~~of ~~Per~~unobservable ~~Share~~inputs when measuring fair value. ASC 825 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 825 prioritizes the inputs into three levels that may be used to measure fair value:

~~The~~Level ~~Company~~1 ~~computes~~- ~~net~~Level ~~income~~1 ~~(loss)~~applies per share in accordance with ASC 260, Earnings per Share. ASC 260 requires presentation of both basic and diluted earnings per share (EPS) on the face of the income statement. Basic EPS is computed by dividing net income (loss) available to ~~common~~assets ~~shareholders~~or ~~(numerator)~~liabilities byfor ~~the~~which ~~weighted~~there ~~average~~are ~~number~~quoted ofprices ~~shares~~in ~~outstanding~~active ~~(denominator)~~markets during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price for ~~the~~identical ~~period~~assets ~~is used in determining the number of shares assumed to be purchased from the exercise of stock options~~ or ~~warrants~~liabilities. ~~Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive. As at August 31, 2011, the Company had 521,667 potentially dilutive shares outstanding.~~

kLevel 2 - Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); ~~Stock~~or model-~~based~~derived ~~Compensation~~valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.

InLevel ~~accordance~~3 ~~with~~- ~~ASC~~Level ~~718,~~3 ~~Compensation~~applies ~~– Stock Based Compensation and ASC 505, Equity Based Payments~~ to ~~Non-Employees,~~assets ~~the~~or ~~Company~~liabilities ~~accounts~~ for ~~share-based~~which ~~payments~~there ~~using~~are ~~the~~unobservable ~~fair~~inputs ~~value method. Common shares issued~~ to ~~third~~the ~~parties~~valuation ~~for~~methodology ~~non-cash~~that ~~consideration~~ are ~~valued~~significant ~~based~~to on the ~~fair~~measurement ~~market value~~ of the ~~services provided or the~~ fair ~~market~~ value of the ~~common~~assets ~~stock~~or ~~on the measurement date, whichever is more readily determinable~~liabilities.

l)The ~~Recent~~Company’s ~~Accounting~~financial ~~Pronouncements~~instruments consist principally of cash, accounts payable, amounts due to a related party and convertible notes payable.

~~In January 2010, the FASB issued Accounting Standards Update (ASU) No. 2010~~F-06, Improving Disclosures about Fair Value Measurements, which amends the ASC Topic 820, Fair Value Measures and Disclosures. ASU No. 2010-06 amends the ASC to require disclosure of transfers into and out of Level 1 and Level 2 fair value measurements, and also require more detailed disclosure about the activity within Level 3 fair value measurements. The new disclosures and clarifications of existing disclosures are effective for interim and annual reporting periods beginning after December 15, 2009, except for the disclosures about purchases, sales, issuances, and settlements in the roll forward of activity in Level 3 fair value measurements. Those disclosures are effective for fiscal years beginning after December 15, 2010, and for interim periods within those fiscal years. This guidance requires expanded disclosures only (see Note 2(g)), and did not have any impact on the Company’s financial statements.7

~~The~~Pioneer ~~Company~~Exploration has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operationsInc.

3.(A ~~Related~~Development ~~Party~~Stage ~~Transactions~~Company)

a)Notes ~~As at August 31, 2011, the Company is indebted~~ to the ~~former~~Consolidated ~~President~~Financial ~~of the Company for $91,610 (2010 - $80,417), representing expenditures paid on behalf of the Company. This amount is unsecured, non-interest bearing, and is due on demand.~~Statements

b)For ~~The Company recognizes donated services provided by~~ the ~~former~~Year ~~President~~Ended ~~of the Company at $250 per month. During the year ended~~ August 31, ~~2011,~~2012 ~~the Company recognized $3,000 (2010 – $4,500) in donated services.~~

4.(Expressed ~~Note~~in ~~Receivable~~U.S. Dollars)

~~On November 30, 2009, the Company sold its investment of 125,000 common shares of Macallan Oil and Gas Inc~~2. in exchange for a CDN$100,000 non-interest bearing promissory note due May 31, 2010. The note receivable was discounted using a rate of 20% and accreted to its face value of CDN$100,000 as of May 31, 2010. As at August 31, 2011, the Company has not yet received payment. The Company believes ultimate collection of the amount receivable is not reasonably assured and, therefore, has recorded an allowance against the balance at August 31, 2011 and 2010.

FSummary -of 9Significant Accounting Policies (continued)

~~Pioneer Exploration Inc.~~f)

~~(An~~Financial ~~Exploration~~Instruments ~~Stage~~and ~~Company~~Fair Value Measurements (continued)

~~Notes~~Pursuant to ~~Financial~~ASC ~~Statements~~825, the fair value of cash is determined based on “Level 1” inputs, which consist of quoted prices in active markets for identical assets. The Company believes that the recorded values of accounts payable, convertible notes payable and amounts due to related parties approximate their current fair values because of their nature and respective relatively short maturity dates or durations.

~~For~~Assets measured at fair value on a recurring basis were presented on the ~~Years~~Company’s ~~Ended~~balance sheet as of August 31, ~~2011~~2012 ~~and~~as ~~2010~~follows:

5. Convertible Notes Payable


	Fair Value Measurements Using
	Quoted Prices in	Significant
	Active Markets	Other	Significant
	For Identical	Observable	Unobservable	Balance as of	Balance as of
	Instruments	Inputs	Inputs	August 31,	August 31,
	(Level 1) $	(Level 2) $	(Level 3) $	2012 $	2011 $
Assets:
Cash	202	-	-	202	40

a)As Onat ~~November~~August 2031, ~~2008~~2012, ~~the~~there ~~Company~~were ~~received~~no aliabilities ~~$50,000~~presented ~~loan~~on ~~and issued a promissory note. The note is convertible into 200,000 common shares of~~ the Company ~~at $0.25 per share at the holder~~’s ~~option.~~balance ~~The~~sheet ~~note~~on isa ~~non-interest~~recurring ~~bearing, unsecured and is payable on demand~~basis.

InForeign ~~accordance~~currency ~~with~~transactions ~~ASC~~are ~~470-20,~~primarily ~~Debt~~undertaken –in ~~Debt~~Canadian ~~with~~dollars. ~~Conversion~~The ~~and~~financial ~~Other~~risk ~~Options,~~is the ~~Company~~risk ~~recognized~~to the ~~value~~Company’s ofoperations ~~the~~that ~~embedded~~arise ~~beneficial~~from ~~conversion~~fluctuations ~~feature~~in foreign exchange rates and the degree of ~~$50,000~~volatility asof ~~additional~~these ~~paid-in~~rates. ~~capital~~Currently, ~~and~~the anCompany ~~equivalent~~does ~~discount~~not ~~which~~use ~~was~~derivative ~~charged~~instruments to ~~operations~~reduce asits ~~the~~exposure ~~note~~to isforeign ~~due~~currency ~~on demand~~risk.

bg) On February 19, 2009, the Company received a $50,000 loan and issued a promissory note. The note is convertible into 41,667 common shares of the Company at $1.20 per share at the holder’s option. The note is non-interest bearing, unsecured and is payable on demand.

InIncome accordance with ASC 470-20, the Company recognized the value of the embedded beneficial conversion feature of $20,833 as additional paid-in capital and an equivalent discount which was charged to operations as the note is due on demand.Taxes

c)The OnCompany ~~May~~accounts ~~15,~~for ~~2009,~~income taxes using the ~~Company~~asset ~~received~~and aliability ~~$36,000~~method ~~loan~~in ~~and~~accordance ~~issued~~with aASC ~~promissory~~740, ~~note~~Income Taxes. The ~~note~~asset isand ~~convertible~~liability ~~into~~method ~~20,000~~provides ~~common~~that ~~shares~~deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the ~~Company~~financial atreporting $1and tax bases of assets and liabilities, and for operating loss and tax credit carry-forwards.80 ~~per~~Deferred ~~share~~tax atassets and liabilities are measured using the ~~holder’s~~currently ~~option~~enacted tax rates and laws that will be in effect when the differences are expected to reverse. The ~~note~~Company isrecords ~~non-interest~~a ~~bearing,~~valuation ~~unsecured~~allowance ~~and~~to reduce deferred tax assets to the amount that is ~~payable~~believed onmore ~~demand~~likely than not to be realized.

In accordance with ASC 470-20, the Company recognized the value of the embedded beneficial conversion feature of $11,000 as additional paid-in capital and an equivalent discount which was charged to operations as the note is due on demand.h)

d)Foreign OnCurrency May 6, 2011, the Company received a $15,000 loan and issued a promissory note. The note is convertible into 60,000 common shares of the Company at $0.25 per share at the holder’s option. The note is non-interest bearing, unsecured and is payable on demand.Translation

InThe ~~accordance~~Company’s ~~with~~functional and reporting currency is the United States dollar. Occasional transactions may occur in Canadian dollars and management has adopted ASC ~~470-20~~830, ~~the~~Foreign ~~Company~~Currency ~~recognized~~Translation ~~the~~Matters. ~~value~~Monetary ofassets and liabilities denominated in foreign currencies are translated using the ~~embedded~~exchange ~~beneficial~~rate ~~conversion~~prevailing ~~feature~~at ofthe ~~$1,200~~balance assheet ~~additional~~date. ~~paid~~Non-inmonetary ~~capital~~assets and anliabilities ~~equivalent~~denominated ~~discount~~in ~~which~~foreign ~~was~~currencies ~~charged~~are totranslated ~~operations~~at asrates of exchange in effect at the ~~note~~date isof ~~due~~the transaction. Average rates are used to translate revenues and expenses. Gains and losses arising on ~~demand~~translation or settlement of foreign currency denominated transactions or balances are included in the determination of income.

e) On July 14, 2011, the Company received a $10,000 loan and issued a promissory note. The note is convertible into 100,000 common shares of the Company at $0.10 per share at the holder’s option. The note is nonF-~~interest bearing, unsecured and is payable on demand.~~8

InPioneer ~~accordance~~Exploration with ASC 470-20, the Company recognized the value of the embedded beneficial conversion feature of $10,000 as additional paid-in capital and an equivalent discount which was charged to operations as the note is due on demandInc.

f)(A OnDevelopment ~~August~~Stage ~~23, 2011, the~~ Company received a $10,000 loan and issued a promissory note. The note is convertible into 100,000 common shares of the Company at $0.10 per share at the holder’s option. The note is non-interest bearing, unsecured and is payable on demand.)

InNotes ~~accordance~~to ~~with ASC 470-20,~~ the ~~Company~~Consolidated ~~assessed~~Financial ~~the value of the embedded beneficial conversion feature which was determined to be $nil.~~Statements

FFor -the 10Year Ended August 31, 2012

~~Pioneer~~(Expressed ~~Exploration~~in ~~Inc~~U.S. Dollars)

~~(An Exploration Stage Company)~~2.

~~Notes~~Summary toof ~~Financial~~Significant ~~Statements~~Accounting Policies (continued)

~~For the Years Ended August 31, 2011 and 2010~~i)

6.Comprehensive Income ~~Taxes~~

AsASC ~~at August 31~~220, ~~2011,~~Comprehensive ~~the~~Income ~~Company~~establishes ~~has~~standards ~~net~~for ~~operating~~the ~~losses~~reporting ~~carried~~and ~~forward~~display of ~~$280,655~~other ~~available~~comprehensive toincome ~~offset~~and ~~taxable~~its ~~income~~components in ~~future~~the financial statements. During the years ~~which~~ended ~~commence~~August ~~expiring~~31, in2012 ~~fiscal~~and ~~2026~~2011, the Company had no items that represent other comprehensive income.

The income tax benefit differs from the amount computed by applying the combined federal and state income tax rate of 35% to net loss before income taxes for the years ended August 31, 2011 and 2010 as a result of the following:j)

	Year Ended August 31, 2011 $			Year Ended August 31, 2010 $
Expected income tax recovery		(25,049	)		(43,392	)
Non-deductible expenses		4,970			34,392
Valuation allowance change		20,079			9,000
Provision for income taxes		–			–

Basic and Diluted Net Income (Loss) Per Share

The ~~significant~~Company ~~components~~computes net income (loss) per share in accordance with ASC 260, Earnings per Share. ASC 260 requires presentation of ~~deferred~~both basic and diluted earnings per share (EPS) on the face of the income ~~tax~~statement. ~~assets~~Basic ~~and~~EPS ~~liabilities~~is ascomputed atby ~~August~~dividing ~~31,~~net ~~2011~~income (loss) available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and ~~2010~~convertible preferred stock using the if-converted method. In computing diluted EPS, ~~after~~the ~~applying~~average ~~enacted~~stock ~~corporate~~price ~~income~~for ~~tax~~the ~~rates~~period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive. As at August 31, ~~are~~2012, asthe ~~follows:~~Company had 521,667 potentially dilutive shares outstanding.

	August 31, 2011 $			August 31, 2010 $
Deferred income tax assets
Mineral property costs		2,625			2,625
Net operating losses carried forward		98,229			78,150
Total deferred income tax assets		100,854			80,775
Valuation allowance		(100,854	)		(80,775	)
Net deferred income tax asset		–			–

~~The~~Stock-based Company has recognized a valuation allowance for the deferred income tax asset since the Company cannot be assured that it is more likely than not that such benefit will be utilized in future years. When circumstances change and which cause a change in management's judgment about the realizability of deferred income tax assets, the impact of the change on the valuation allowance is generally reflected in current income.Compensation

7In accordance with ASC 718, Compensation - Stock Based Compensation and ASC 505, Equity Based Payments to Non-Employees, the Company accounts for share-based payments using the fair value method. ~~Subsequent~~ ~~Event~~Common shares issued to third parties for non-cash consideration are valued based on the fair market value of the services provided or the fair market value of the common stock on the measurement date, whichever is more readily determinable.

~~On October 28, 2011, the Company completed a Share Purchase Agreement with IBA Green Inc. (“IBA”~~l)~~, in which the Company acquired all of the issued and outstanding shares of common stock of IBA in exchange for the issuance of an aggregate of 38,500,000 shares of common stock of the Company.~~

ARecent ~~preliminary~~Accounting purchase price allocation has not been included in these financial statements as reliable information relating to the fair values of the net assets acquired was unavailable at the date of completion of these statements.Pronouncements

FThe -Company 11has implemented all new accounting pronouncements that are in effect and that may impact its consolidated financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

~~Item 9~~3.~~Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.~~

~~There~~Acquisition ~~are~~of noIBA ~~changes~~Green ~~in and disagreements with Pioneer’s accountants on accounting and financial disclosure~~Inc. ~~Pioneer’s~~ Independent Registered Public Accounting Firm from inception to the current date is Manning Elliott LLP, Chartered Accountants, 11th Floor, 1050 West Pender Street, Vancouver, British Columbia, V6E 3S7, Canada.

~~Item~~On 9AOctober 28, 2011, the Company acquired 100% of IBA Green Inc. ~~Controls~~ (“IBA”) in exchange for 38,500,000 shares of common stock (the “Acquisition”). IBA’s past and ~~Procedures~~planned future principal business is providing the safe disposal of waste products by creating commercially viable green products.

~~Disclosure~~The ~~Controls~~former shareholder of IBA held 77% of the total issued and ~~Procedures~~outstanding common shares of the Company immediately following the Acquisition. The Acquisition was a capital transaction in substance and therefore has been accounted for as a reverse capitalization, which is outside the scope ASC 805, Business Combinations. Under reverse capitalization accounting, IBA is considered the acquirer for accounting and financial reporting purposes, and acquired the assets and assumed the liabilities of the Company. Assets acquired and liabilities assumed are reported at their historical amounts. These consolidated financial statements include the accounts of the Company since the effective date of the recapitalization and the historical accounts of IBA since inception.

InThe ~~connection~~comparative ~~with~~figures ~~the~~as ~~preparation~~at ofAugust ~~this annual report on Form 10-K~~31, an2011 ~~evaluation~~and ~~was~~for ~~carried out by Pioneer’s management, with~~ the ~~participation~~period offrom ~~the~~inception ~~Chief~~on ~~Executive~~July ~~Officer and the Chief Financial Officer~~21, of2011 ~~the~~to ~~effectiveness of Pioneer’s disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934 (“Exchange Act”)) as of~~ August 31, 2011~~. Disclosure~~ ~~controls and procedures~~ are ~~designed~~those toof ~~ensure~~IBA ~~that~~Green ~~information~~Inc. ~~required to be disclosed in reports filed or submitted under the Exchange Act is recorded, processed, summarized,~~ and ~~reported~~IBA ~~within~~Green ~~the~~Inc. ~~time periods specified in the SEC rules and forms and that such information~~ is ~~accumulated~~deemed ~~and communicated~~ to ~~management,~~be ~~including~~ the ~~Chief~~continuing ~~Executive~~entity ~~Officer~~for ~~and~~accounting ~~the Chief Financial Officer, to allow timely decisions regarding required disclosures~~purposes.

Based on that evaluation, Pioneer’s management concluded, as of the end of the period covered by this report, that Pioneer’s disclosure controls and procedures were not effective in recording, processing, summarizing, and reporting information required to be disclosed, within the time periods specified in the SEC rules and forms and that such information was accumulated or communicated to management to allow timely decisions regarding required disclosure. In particular, Pioneer has identified material weaknesses in internal control over financial reporting, as discussed below.F-9

~~In March 2009, management implemented the following remediation procedures, which are intended to remediate the causes of~~ Pioneer’s ~~disclosure~~Exploration ~~procedures and controls ineffectiveness:~~Inc.

~~· adopted a Disclosure Committee Charter~~ (~~see~~A ~~Exhibit~~Development ~~99.1~~Stage ~~for more details~~Company)

·Notes ~~appointed Pioneer’s officers and directors~~ to the ~~Disclosure~~Consolidated ~~Committee~~Financial Statements

·For ~~adopted~~the ~~policy~~Year toEnded ~~utilize~~August ~~external~~31, ~~service~~2012 ~~providers to review and provide comment on disclosure reports and statements~~

~~Management’s~~(Expressed ~~Report~~in onU.S. ~~Internal Controls over Financial Reporting~~Dollars)

~~Management is responsible for establishing and maintaining adequate internal control over financial reporting, as required by Sarbanes-Oxley (SOX) Section 404 A~~3. Pioneer’s internal control over financial reporting is a process designed under the supervision of Pioneer’s Chief Executive Officer and Chief Financial Officer to provide reasonable assurance regarding the reliability of financial reporting and the preparation of Pioneer’s financial statements for external purposes in accordance with U.S. generally accepted accounting principles. Internal control over financial reporting includes those policies and procedures that:

·Acquisition ~~pertain to the maintenance~~ of ~~records~~IBA ~~that~~Green inInc. ~~reasonable detail accurately and fairly reflect the transactions and dispositions of Pioneer’s assets;~~(continued)

·The ~~provide~~assets ~~reasonable~~acquired ~~assurance that transactions are recorded as necessary to permit preparation of the financial statements in accordance with generally accepted accounting principles,~~ and ~~that~~liabilities ~~receipts~~assumed ~~and~~from ~~expenditures~~Pioneer are ~~being~~as ~~made only in accordance with authorizations of management and the Board of Directors; and~~follows:

· provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of Pioneer’s assets that could have a material effect on the financial statements.


	$

Cash	773
Accounts payable	(111,067)
Accrued liabilities	(32,296)
Convertible notes payable	(171,000)

Net liabilities assumed	(313,590)

~~Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements~~4. 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.

~~Management~~Related ~~conducted~~Party an assessment of the effectiveness of the Company’s internal control over financial reporting as of August 31, 2011, based on criteria established in Internal Control –Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”). As a result of this assessment, management identified material weaknesses in internal control over financial reporting.Transactions

~~Page - 29~~a)

AAs ~~material~~at ~~weakness~~August is31, a2012, ~~control~~the ~~deficiency,~~Company oris aindebted ~~combination~~to ofthe ~~deficiencies,~~President inof ~~internal~~the ~~control~~Company ~~over~~and ~~financial~~a ~~reporting~~company ~~such~~under ~~that~~common ~~there~~control isfor a$541,553 ~~reasonable~~(2011 ~~possibility~~- ~~that~~$24,940), arepresenting ~~material~~management ~~misstatement~~fees ofand ~~Pioneer’s~~expenditures ~~annual~~paid oron ~~interim~~behalf ~~financial~~of ~~statements~~the ~~will~~Company. ~~not~~These beamounts ~~prevented~~are orunsecured, ~~detected~~non-interest onbearing, aand ~~timely~~due ~~basis~~on demand.

~~The matters involving internal controls and procedures that management considered to be material weaknesses under the standards of the Public Company Accounting Oversight Board were: (1~~b) lack of a functioning audit committee and lack of a majority of outside directors on Pioneer’s board of directors, resulting in ineffective oversight in the establishment and monitoring of required internal controls and procedures; (2) inadequate segregation of duties consistent with control objectives; (3) insufficient written policies and procedures for accounting and financial reporting with respect to the requirements and application of US GAAP and SEC disclosure requirements; and (4) ineffective controls over period end financial disclosure and reporting processes. The aforementioned material weaknesses were identified by Pioneer’s Chief Financial Officer in connection with the audit of its financial statements as of August 31, 2011 and communicated the matters to management.

AsDuring ~~a result of~~ the ~~material~~year ~~weakness~~ended inAugust ~~internal~~31, ~~control~~2012, ~~over~~the ~~financial~~Company ~~reporting~~incurred ~~described above,~~ management ~~has~~fees ~~concluded that, as~~ of ~~August 31~~$510,250 (2011, ~~Pioneer’s~~- ~~internal~~$58,500) ~~control~~provided ~~over~~by ~~financial~~an ~~reporting~~officer ~~was~~of ~~not effective based on~~ the ~~criteria in Internal Control – Integrated Framework issued by COSO~~Company.

~~Management believes that the material weaknesses set forth in items (2), (3) and (4) above did not have an effect on Pioneer’s financial results~~5. However, management believes that the lack of a functioning audit committee and lack of a majority of outside directors on Pioneer’s board of directors caused and continues to cause an ineffective oversight in the establishment and monitoring of the required internal controls over financial reporting.

~~Pioneer~~Note is committed to improving its financial organization. As part of this commitment and when funds are available, Pioneer will create a position to Pioneer to segregate duties consistent with control objectives and will increase its personnel resources and technical accounting expertise within the accounting function by: (i) appointing one or more outside directors to its board of directors who will also be appointed to the audit committee of Pioneer resulting in a fully functioning audit committee who will undertake the oversight in the establishment and monitoring of required internal controls over financial reporting; and (ii) preparing and implementing sufficient written policies and checklists that will set forth procedures for accounting and financial reporting with respect to the requirements and application of US GAAP and SEC disclosure requirements.Receivable

~~Management~~On ~~believes~~October ~~that the appointment of one or more outside directors~~28, ~~who will also be appointed to a fully functioning audit committee~~2011, ~~will remedy~~ the ~~lack~~Company ofacquired a ~~functioning~~CDN$100,000 ~~audit~~non-interest ~~committee~~bearing ~~and~~promissory anote ~~lack~~due ofMay a31, ~~majority of outside directors on Pioneer’s Board. In addition~~2010, ~~management~~as ~~believes~~part ~~that~~of ~~preparing and implementing sufficient written policies and checklists will remedy~~ the ~~following~~Acquisition ~~material~~transaction. ~~weaknesses: (i)~~As ~~insufficient~~at ~~written~~August ~~policies~~31, ~~and~~2012, ~~procedures for accounting and financial reporting with respect to~~ the ~~requirements~~Company ~~and~~has ~~application~~not ofyet USreceived ~~GAAP and SEC disclosure requirements; and (ii) ineffective controls over period end financial close and reporting processes~~payment. ~~Further,~~ ~~management~~The Company believes ~~that~~ultimate ~~the~~collection ~~hiring~~ of ~~additional personnel who have~~ the ~~technical~~amount ~~expertise~~receivable ~~and~~is ~~knowledge~~not ~~will~~reasonably ~~result~~assured ~~proper segregation of duties~~ and, ~~provide~~therefore, ~~more~~has ~~checks~~recorded ~~and~~an ~~balances~~allowance ~~within~~against the ~~department. Additional~~balance ~~personnel~~at ~~will~~August ~~also~~31, ~~provide the cross training needed to support Pioneer if personnel turn-over issues within the department occur~~2012. ~~This coupled with the appointment of additional outside directors will greatly decrease any control and procedure issues Pioneer may encounter in the future.~~

Management will continue to monitor and evaluate the effectiveness of Pioneer’s internal controls over financial reporting on an ongoing basis and are committed to taking further action and implementing additional enhancements or improvements, as necessary and as funds allow6.

~~Pioneer’s~~Convertible ~~independent~~Notes auditors have not issued an attestation report on management’s assessment of Pioneer’s internal control over financial reporting. As a result, this annual report does not include an attestation report of Pioneer’s independent registered public accounting firm regarding internal control over financial reporting. Pioneer was not required to have, nor has Pioneer, engaged its independent registered public accounting firm to perform an audit of internal control over financial reporting pursuant to the rules of the Securities and Exchange Commission that permit Pioneer to provide only management’s report in this annual report.Payable

~~Page - 30~~a)

~~Changes~~On inOctober ~~Internal~~28, ~~Controls~~2011, the Company assumed a $50,000 promissory note payable as part of the Acquisition transaction. The note was originally issued on November 20, 2008, and is convertible into 200,000 common shares of the Company at $0.25 per share at the holder’s option. The note is non-interest bearing, unsecured and is payable on demand.

~~There were no changes in Pioneer’s internal controls over financial reporting (as defined in Rule 13a-15(f~~b) ~~of the Exchange Act) during the quarter ended August 31, 2011, that materially affected, or are reasonably likely to materially affect, Pioneer’s internal control over financial reporting.~~

~~Item~~On 9BOctober 28, 2011, the Company assumed a $50,000 promissory note payable as part of the Acquisition transaction. ~~Other~~ ~~Information~~The note was originally issued on February 19, 2009, and is convertible into 41,667 common shares of the Company at $1.20 per share at the holder’s option. The note is non-interest bearing, unsecured and is payable on demand.

~~During the fourth quarter of the fiscal year covered by this Form 10-K, Pioneer reported all information that was required to be disclosed in a report on Form 8-K.~~c)

~~PART~~On ~~III~~October 28, 2011, the Company assumed a $36,000 promissory note payable as part of the Acquisition transaction. The note was originally issued on May 15, 2009, and is convertible into 20,000 common shares of the Company at $1.80 per share at the holder’s option. The note is non-interest bearing, unsecured and is payable on demand.

~~Item 10. Directors, Executive Officers, and Corporate Governance.~~d)

(On October 28, 2011, the Company assumed a~~) Identify~~ ~~Directors~~$15,000 promissory note payable as part of the Acquisition transaction. The note was originally issued on May 6, 2011, and ~~Executive~~is ~~Officers~~convertible into 60,000 common shares of the Company at $0.25 per share at the holder’s option. The note is non-interest bearing, unsecured and is payable on demand.

~~Each director of Pioneer holds office until (i) the next annual meeting of the stockholders, (ii) his successor has been elected and qualified, or (iii) the director resigns.~~F-10

Pioneer’s ~~and~~Exploration ~~its subsidiaries’ management teams are listed below~~Inc.

~~Management~~(A ~~Teams~~Development ~~Name~~Stage ~~of Directors and Officers Pioneer Exploration Inc. IBA Green, Inc. Angelo Scola Director President, CEO, CFO, Treasurer, and Corporate Secretary Director CEO and President~~Company)

~~Angelo~~Notes ~~Scola~~to ~~– President, Chief Executive Officer, and Chief Financial Officer – Angelo Scola, age 60, was appointed~~ the ~~Chief~~Consolidated ~~Executive Officer, President and Chief~~ Financial Officer of Pioneer on October 28, 2011. Mr. Scola has 40 years of private sector experience in the utility and construction materials business serving both domestic and international markets. Mr. Scola started at age 20 working for his grandfather's family business, Angelo Scola Inc., which was a general contractor specializing in utility construction. In 2004 Mr. Scola founded Thermoforte, Inc. to develop a commercially viable process to substitute coal ash for virgin aggregates. In April 2011, Thermoforte Green, LLC was incorporated to further develop specialized processes to neutralize the toxins from incinerated bottom ash (IBA). In July 2011 IBA Green, Inc. was incorporated to provide a commercially viable and environmentally sound solution to process and treat commercial ash. Mr. Scola graduated from Wentworth Institute of Technology in 1971 and attended the University of Miami School of Business in 1971-72.Statements

~~(b) Identify~~For ~~Significant~~the ~~Employees~~Year Ended August 31, 2012

~~Pioneer~~(Expressed ~~has~~in ~~no significant employees other than the directors and officers of Pioneer~~U.S. Dollars)

~~(c) Family Relationships~~6.

~~There~~Convertible ~~are~~Notes noPayable ~~family relationships among the directors, executive officers or persons nominated or chosen by Pioneer to become directors or executive officers.~~(continued)

~~Page - 31~~e)

~~(d) Involvement~~On inOctober ~~Certain~~28, ~~Legal~~2011, ~~Proceedings~~the Company assumed a $10,000 promissory note payable as part of the Acquisition transaction. The note was originally issued on July 14, 2011, and is convertible into 100,000 common shares of the Company at $0.10 per share at the holder’s option. The note is non-interest bearing, unsecured and is payable on demand.

~~During the past ten years, none of Pioneer’s directors or officers has been:~~f)

●On October 28, 2011, the Company assumed a ~~general~~$10,000 ~~partner~~promissory ornote ~~executive~~payable ~~officer~~as part of ~~any~~the ~~business~~Acquisition ~~against~~transaction. ~~which~~The ~~any~~note ~~bankruptcy~~was ~~petition~~originally ~~was~~issued ~~filed~~on August 23, ~~either~~2011, atand ~~the~~is ~~time~~convertible into 100,000 common shares of the ~~bankruptcy~~Company orat ~~two~~$0.10 ~~years~~per ~~prior~~share toat ~~that~~the ~~time;~~holder’s option. The note is non-interest bearing, unsecured and is payable on demand.

~~● convicted in a criminal proceeding or named subject to a pending criminal proceeding (excluding traffic violations and other minor offenses);~~7.

●Loan subject to any order, judgment or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction, permanently or temporarily enjoining, barring, suspending or otherwise limiting his involvement in any type of business, securities or banking activities;Payable

●At ~~subject~~August ~~to any order~~31, ~~judgment or decree~~2012, ~~not~~the ~~subsequently~~Company ~~reversed,~~owed ~~suspended or vacated~~$29,274 of(CDN ~~any~~- ~~Federal or State authority barring~~$28,856) ~~suspending~~(2011 or- ~~otherwise~~$nil) ~~limiting for more than 60 days the right of such person~~ to ~~engage in any activity as~~ a ~~futures~~former ~~commission~~Director merchant, introducing broker, commodity trading advisor, commodity pool operator, floor broker, leverage transaction merchant, any other person regulated by the Commodity Futures Trading Commission, or an associated person of ~~any of~~ the ~~foregoing,~~Company. The orloan asis ~~an investment adviser~~unsecured, ~~underwriter,~~non-interest ~~broker~~bearing ~~or dealer in securities, or as an affiliated person, director or employee of any investment company, bank, savings~~ and ~~loan~~due ~~association~~on ~~or insurance company, or engaging in or continuing any conduct or practice in connection with such activity, or to be associated with persons engaged in any such activity;~~demand.

● found by a court of competent jurisdiction in a civil action or by the Commission to have violated any Federal or State securities law, and the judgment in such civil action or finding by the Commission has not been subsequently reversed, suspended, or vacated;8.

●Common found by a court of competent jurisdiction in a civil action or by the Commodity Futures Trading Commission to have violated any Federal commodities law, and the judgment in such civil action or finding by the Commodity Futures Trading Commission has not been subsequently reversed, suspended or vacated;Stock

●On ~~the~~October ~~subject~~28, of2011, orthe Company completed a ~~party~~share toexchange agreement whereby the Company acquired 5,000,000 ~~any~~of ~~Federal~~the orissued ~~State~~and ~~judicial~~outstanding orcommon ~~administrative~~shares ~~order,~~of ~~judgment,~~IBA. ~~decree,~~As orpart ~~finding,~~of ~~not~~the ~~subsequently~~share ~~reversed~~exchange agreement, ~~suspended~~the orCompany ~~vacated~~issued 38,500,000 ~~relating~~shares toof ancommon ~~alleged~~stock ~~violation~~of the Company to the shareholder of: IBA.

~~● any Federal or State securities or commodities law or regulation; or~~9.

~~● any~~Income law or regulation respecting financial institutions or insurance companies including, but not limited to, a temporary or permanent injunction, order of disgorgement or restitution, civil money penalty or temporary or permanent cease-and-desist order, or removal or prohibition order; orTaxes

~~● any~~As ~~law~~at orAugust ~~regulation~~31, ~~prohibiting~~2012, ~~mail~~the orCompany ~~wire~~has ~~fraud~~net oroperating ~~fraud~~losses carried forward of $792,366 (2011 - $99,900) available to offset taxable income in ~~connection~~future ~~with~~years ~~any~~which ~~business~~commence ~~entity;~~expiring orin fiscal 2021.

●The ~~the~~income ~~subject~~tax ~~of,~~benefit ordiffers afrom ~~party~~the ~~to,~~amount ~~any~~computed ~~sanction~~by orapplying ~~order,~~the ~~not~~combined ~~subsequently~~federal ~~reversed,~~and ~~suspended~~state orincome ~~vacated,~~tax rate of ~~any~~35% ~~self-regulatory~~to ~~organization,~~net ~~any~~loss ~~registered~~before ~~entity,~~income ortaxes ~~any~~for ~~equivalent~~the ~~exchange,~~years ~~association,~~ended ~~entity~~August or31, ~~organization~~2012 ~~that~~and ~~has~~2011 ~~disciplinary~~as ~~authority~~a ~~over~~result ~~its~~of ~~members~~the ~~or persons associated with a member.~~following:

(e) Compliance with Section 16(a) of the Exchange Act.


	Year Ended August 31, 2012 $	Year Ended August 31, 2011 $

Expected income tax recovery	(242,400)	(35,000)

Valuation allowance change	242,400	35,000

Provision for income taxes	-	-

~~All reports were filed with the SEC on a timely basis and Pioneer is not aware of any failures to file a required report during the period covered by this annual report.~~F-11

~~(f) Nomination~~Pioneer ~~Procedure~~Exploration ~~for Directors~~Inc.

~~Pioneer~~(A ~~does~~Development ~~not~~Stage have a standing nominating committee; recommendations for candidates to stand for election as directors are made by the board of directors. Pioneer has not adopted a policy that permits shareholders to recommend candidates for election as directors or a process for shareholders to send communications to the board of directors.Company)

~~(g) Audit~~Notes ~~Committee~~to the Consolidated Financial ~~Expert~~Statements

~~Pioneer~~For ~~has no financial expert. Management believes~~ the ~~cost~~Year ~~related~~Ended toAugust ~~retaining~~31, a2012 financial expert at this time is prohibitive. Pioneer’s Board of Directors has determined that it does not presently need an audit committee financial expert on the Board of Directors to carry out the duties of the Audit Committee. Pioneer’s Board of Directors has determined that the cost of hiring a financial expert to act as a director of Pioneer and to be a member of the Audit Committee or otherwise perform Audit Committee functions outweighs the benefits of having a financial expert on the Audit Committee.

(~~h) Identification~~Expressed ofin ~~Audit~~U.S. ~~Committee~~Dollars)

~~Pioneer does not have a separately-designated standing audit committee~~9. Rather, Pioneer’s entire board of directors perform the required functions of an audit committee. Currently, Angelo Scola is the only member of Pioneer’s audit committee, but they do not meet Pioneer’s independent requirements for an audit committee member. See “Item 12. (c) Director independence” below for more information on independence.

~~Page~~Income -Taxes 32(continued)

~~Pioneer’s~~The ~~audit~~significant ~~committee~~components ~~is responsible for: (1) selection and oversight~~ of ~~Pioneer’s~~deferred ~~independent~~income ~~accountant;~~tax ~~(2)~~assets ~~establishing procedures for the receipt, retention~~ and ~~treatment~~liabilities ofas ~~complaints~~at ~~regarding~~August ~~accounting~~31, ~~internal~~2012 ~~controls~~ and ~~auditing matters; (3) establishing procedures for the confidential~~2011, ~~anonymous~~after ~~submission~~applying byenacted ~~Pioneer’s~~corporate ~~employees~~income oftax ~~concerns regarding accounting and auditing matters; (4) engaging outside advisors; and~~rates, ~~(5)~~are ~~funding~~as ~~for the outside auditor and any outside advisors engaged by the audit committee.~~follows:

As of August 31, 2011, Pioneer did not have a written audit committee charter or similar document.


	August 31, 2012 $	August 31, 2011 $

Deferred income tax assets	277,300	35,000

Valuation allowance	(277,300)	(35,000)

Net deferred income tax asset	-	-

~~(i) Code~~The Company has recognized a valuation allowance for the deferred income tax asset since the Company cannot be assured that it is more likely than not that such benefit will be utilized in future years. When circumstances change and which cause a change in management's judgment about the realizability of ~~Ethics~~deferred income tax assets, the impact of the change on the valuation allowance is generally reflected in current income.

~~Pioneer has adopted a financial code of ethics that applies to all its executive officers and employees, including its CEO and CFO~~10. See Exhibit 14 – Code of Ethics for more information. Pioneer undertakes to provide any person with a copy of its financial code of ethics free of charge. Please contact Pioneer at (877) 700-0422 to request a copy of Pioneer’s financial code of ethics. Management believes Pioneer’s financial code of ethics is reasonably designed to deter wrongdoing and promote honest and ethical conduct; provide full, fair, accurate, timely and understandable disclosure in public reports; comply with applicable laws; ensure prompt internal reporting of code violations; and provide accountability for adherence to the code.

~~Item~~Subsequent ~~11. Executive Compensation.~~Event

~~Pioneer~~On ~~has~~November ~~paid~~29, no2012 ~~compensation~~the toCompany ~~its~~received ~~named~~an ~~executive~~additional ~~officers~~$25,000 ~~during~~in ~~its~~Financing ~~fiscal~~from ~~year~~Blue ~~ended~~Cove ~~August~~Holdings ~~31,~~Inc ~~2011.~~in the form of a convertible promissory note under the following terms:

~~SUMMARY COMPENSATION TABLE~~a.

Name and principal position (a)	Year (b)	Salary ($) (c)	Bonus ($) (d)	Stock Awards ($) (e)	Option Awards ($) (f)	Non-Equity Incentive Plan ($) (g)	Non-qualified Deferred Compen- sation Earnings ($) (h)	All other compen-sation ($) (i)	Total ($) (j)
Angelo Scola CEO and CFO Oct 2011 – present	2009 20102011	n/a n/a n/a	n/a n/a n/a	n/a n/a n/a	n/a n/a n/a	n/a n/a n/a	n/a n/a n/a	n/a n/a n/a	n/a n/a n/a
Thomas Brady CEO and CFO Mar 2010 - Oct 2011 Secretary/Treasurer Jun 2005 – Oct 2011	2009 2010 2011	nil nil nil	nil nil nil	nil nil nil	nil nil nil	nil nil nil	nil nil nil	nil nil nil	nil nil nil
Warren Rob CEO and CFO Jun 2005 – Mar 2010	2009 20102011	nil nil n/a	nil nil n/a	nil nil n/a	nil nil n/a	nil nil n/a	nil nil n/a	nil nil n/a	nil nil n/a

All existing promissory notes held by Blue Cove Holdings be renegotiated and converted into a single $126,000 convertible promissory note(“New Note”); and

~~Since Pioneer’s inception, no stock options, stock appreciation rights, or long-term incentive plans have been granted, exercised or repriced~~b.

~~Currently,~~The ~~there~~New ~~are~~Note nowill ~~arrangements~~carry ~~between~~a ~~Pioneer~~conversion ~~and~~feature ~~any~~whereby each $0.25 of ~~its~~principal ~~directors~~outstanding ~~whereby~~may ~~such~~be ~~directors~~converted ~~are~~into ~~compensated~~one common share and one common share purchase warrant to purchase an additional common share at $0.25 for ~~any~~a ~~services~~period ~~provided~~of as12 ~~directors~~months from conversion.

There are no employment agreements between Pioneer and any named executive officer, and there are no employment agreements or other compensating plans or arrangements with regard to any named executive officer which provide for specific compensation in the event of resignation, retirement, other termination of employment or from a change of control of Pioneer or from a change in a named executive officer’s responsibilities following a change in control.F-12

~~Page~~Item -9. 33Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.

~~Item~~There ~~12. Security~~are ~~Ownership~~no ofchanges ~~Certain~~in ~~Beneficial~~and ~~Holders~~disagreements with Pioneer’s accountants on accounting and ~~Management~~financial disclosure. Pioneer’s Independent Registered Public Accounting Firm from inception to the current date is Manning Elliott LLP, Chartered Accountants, 11th Floor, 1050 West Pender Street, Vancouver, British Columbia, V6E 3S7, Canada.

~~(a) Security~~Item ~~Ownership~~9A. ofControls ~~Certain~~and ~~Beneficial Owners (more than 5%)~~Procedures.

(1) Title of Class	(2) Name and Address of Beneficial Owner	(3) Amount and Nature of Beneficial Owner [1]	(4) Percent of Class [2]
Common Stock	Angelo Scola 10 Yosemite Valler Road Westerly, Rhode Island 02891	38,500,000 Direct	77.4%

Disclosure Controls and Procedures

~~[1]~~In ~~The~~connection ~~listed~~with ~~beneficial~~the ~~owner~~preparation ~~has~~of nothis ~~right~~annual toreport ~~acquire~~on ~~any~~Form ~~shares~~10-K, ~~within~~an 60evaluation ~~days~~was carried out by Pioneer’s management, with the participation of the ~~date~~Chief Executive Officer and the Chief Financial Officer, of ~~this~~the ~~Form~~effectiveness 8of Pioneer’s disclosure controls and procedures (as defined in Rules 13a-~~K/A~~15(e) ~~from~~and ~~options~~15d-15(e) under the Securities Exchange Act of 1934 (“Exchange Act”)) as of August 31, ~~warrants~~2011. Disclosure controls and procedures are designed to ensure that information required to be disclosed in reports filed or submitted under the Exchange Act is recorded, ~~rights~~processed, ~~conversion~~summarized, ~~privileges~~and orreported ~~similar~~within ~~obligations~~the ~~excepted~~time asperiods ~~otherwise~~specified ~~noted~~in the SEC rules and forms and that such information is accumulated and communicated to management, including the Chief Executive Officer and the Chief Financial Officer, to allow timely decisions regarding required disclosures.

~~[2]~~ Based on 49that evaluation,~~764~~ Pioneer’s management concluded,~~500~~ ~~shares~~as of ~~common~~the ~~stock~~end ~~issued~~of the period covered by this report, that Pioneer’s disclosure controls and ~~outstanding~~procedures aswere ofnot ~~December~~effective 9in recording, ~~2011~~processing, summarizing, and reporting information required to be disclosed, within the time periods specified in the SEC rules and forms and that such information was accumulated or communicated to management to allow timely decisions regarding required disclosure. In particular, Pioneer has identified material weaknesses in internal control over financial reporting, as discussed below.

~~(b) Security~~In ~~Ownership~~March 2009, management implemented the following remediation procedures, which are intended to remediate the causes of ~~Management~~Pioneer’s disclosure procedures and controls ineffectiveness:

(1) Title of Class	(2) Name and Address of Beneficial Owner	(3) Amount and Nature of Beneficial Owner	(4) Percent of Class [1]
Common Stock	Angelo Scola 10 Yosemite Valler Road Westerly, Rhode Island 02891	38,500,000 Direct	77.4%
Common Stock	Directors and Executive Officers (as a group)	38,500,000	77.4%


·	adopted a Disclosure Committee Charter (see Exhibit 99.1 for more details)

·	appointed Pioneer’s officers and directors to the Disclosure Committee

·	adopted policy to utilize external service providers to review and provide comment on disclosure reports and statements

~~[1]~~Management’s ~~Based~~Report on ~~49,764,500~~Internal ~~shares~~Controls ofover ~~common~~Financial ~~stock issued and outstanding as of December 9, 2011.~~Reporting

Management is responsible for establishing and maintaining adequate internal control over financial reporting, as required by Sarbanes-Oxley (cSOX) ~~Changes~~ Section 404 A. Pioneer’s internal control over financial reporting is a process designed under the supervision of Pioneer’s Chief Executive Officer and Chief Financial Officer to provide reasonable assurance regarding the reliability of financial reporting and the preparation of Pioneer’s financial statements for external purposes in ~~Control~~accordance with U.S. generally accepted accounting principles. Internal control over financial reporting includes those policies and procedures that:

~~Management~~· ispertain ~~not~~to ~~aware~~the maintenance of ~~any~~records ~~arrangement~~that in reasonable detail accurately and fairly reflect the transactions and dispositions of Pioneer’s assets; · provide reasonable assurance that ~~may~~transactions ~~result~~are recorded as necessary to permit preparation of the financial statements in aaccordance ~~change~~with generally accepted accounting principles, and that receipts and expenditures are being made only in ~~control~~accordance with authorizations of management and the Board of Directors; and · provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of Pioneer’s assets that could have a material effect on the financial statements.

~~Item 13. Certain Relationships and Related Transactions.~~18

~~(a) Transactions~~Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. 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 ~~Related~~the ~~Persons~~policies or procedures may deteriorate.

~~Since~~Management ~~the~~conducted ~~beginning~~an assessment of ~~Pioneer’s~~the ~~last~~effectiveness ~~fiscal~~of ~~year,~~the noCompany’s ~~director,~~internal ~~executive~~control ~~officer,~~over ~~security~~financial ~~holder,~~reporting oras ~~any immediate family~~ of ~~such~~August ~~director~~31, ~~executive officer~~2012, orbased ~~security~~on ~~holder~~criteria ~~has~~established ~~had any direct or indirect material interest~~ in ~~any~~Internal ~~transaction~~Control or-Integrated ~~currently~~Framework ~~proposed~~issued ~~transaction,~~by ~~which~~the ~~Pioneer~~Committee ~~was~~of orSponsoring isOrganizations toof ~~be a participant, that exceeded~~ the ~~lesser~~Treadway ofCommission (1“COSO”). As ~~$120,000~~a orresult ~~(2) one percent~~ of ~~the~~this ~~average~~assessment, ofmanagement ~~Pioneer’s~~identified ~~total~~material ~~assets~~weaknesses atin ~~year-end~~internal ~~for~~control ~~the~~over ~~last~~financial ~~three completed fiscal years, except for the following:~~reporting.

1.A ~~Share~~material ~~Purchase~~weakness ~~Agreement~~is a control deficiency, or a combination of deficiencies, in internal control over financial reporting such that there is a reasonable possibility that a material misstatement of Pioneer’s annual or interim financial statements will not be prevented or detected on a timely basis.

~~Angelo~~The ~~Scola,~~matters ~~Pioneer’s~~involving ~~President~~internal controls and ~~CEO,~~procedures ~~sold~~that ~~all~~management considered to be material weaknesses under the standards of ~~his~~the ~~interest~~Public inCompany ~~IBA~~Accounting ~~Green,~~Oversight ~~Inc.~~Board towere: (1) lack of a functioning audit committee and lack of a majority of outside directors on Pioneer’s board of directors, resulting in ~~consideration~~ineffective oversight in the establishment and monitoring of required internal controls and procedures; (2) inadequate segregation of duties consistent with control objectives; (3) insufficient written policies and procedures for accounting and financial reporting with respect to the ~~issuance~~requirements and application of 38US GAAP and SEC disclosure requirements; and (4) ineffective controls over period end financial disclosure and reporting processes.5 The ~~million~~aforementioned ~~restricted~~material ~~shares~~weaknesses ofwere ~~common~~identified ~~stock~~by Pioneer’s Chief Financial Officer in connection with the ~~capital~~audit of ~~Pioneer. See~~its ~~Exhibit~~financial ~~10.13~~statements –as ~~Share~~of ~~Purchase~~August ~~Agreement~~31, ~~for~~2012 ~~more~~and ~~details~~communicated the matters to management.

2.As ~~Donated~~a ~~Services~~result ~~and~~of ~~Rent~~the material weakness in internal control over financial reporting described above, management has concluded that, as of August 31, 2012, Pioneer’s internal control over financial reporting was not effective based on the criteria in Internal Control - Integrated Framework issued by COSO.

~~Warren~~Management ~~Robb,~~believes ~~Pioneer’s~~that ~~former~~the ~~President,~~material ~~CEO,~~weaknesses ~~CFO~~set ~~and~~forth ~~director,~~in ~~donated~~items ~~services~~(2), to(3) ~~Pioneer~~and ~~that~~(4) ~~are~~above ~~recognized~~did onnot ~~its~~have ~~financial~~an ~~statements. Also,~~effect ~~Thomas~~on ~~Brady,~~ Pioneer’s ~~former~~financial ~~President~~results. However, ~~CEO,~~management ~~CFO,~~believes ~~Corporate~~that ~~Secretary,~~the ~~Treasurer,~~lack ~~donated~~of ~~services~~a functioning audit committee and ~~rent~~lack toof ~~Pioneer~~a ~~that~~majority ~~are~~of ~~recognized~~outside directors on ~~its~~Pioneer’s ~~financial~~board ~~statements. From~~of ~~inception~~directors oncaused ~~June~~and 9,continues ~~2005~~ to ~~August~~cause ~~31,~~an ~~2011,~~ineffective ~~Pioneer~~oversight ~~recognized~~in athe ~~total~~establishment ofand ~~$33,000~~monitoring ~~for~~of ~~donated~~the ~~services~~required ~~and~~internal ~~$11,250~~controls ~~for~~over ~~donated~~financial ~~rent~~reporting.

~~Page~~Pioneer -is 34committed to improving its financial organization. As part of this commitment and when funds are available, Pioneer will create a position to Pioneer to segregate duties consistent with control objectives and will increase its personnel resources and technical accounting expertise within the accounting function by: (i) appointing one or more outside directors to its board of directors who will also be appointed to the audit committee of Pioneer resulting in a fully functioning audit committee who will undertake the oversight in the establishment and monitoring of required internal controls over financial reporting; and (ii) preparing and implementing sufficient written policies and checklists that will set forth procedures for accounting and financial reporting with respect to the requirements and application of US GAAP and SEC disclosure requirements.

Management believes that the appointment of one or more outside directors, who will also be appointed to a fully functioning audit committee, will remedy the lack of a functioning audit committee and a lack of a majority of outside directors on Pioneer’s Board. In addition, management believes that preparing and implementing sufficient written policies and checklists will remedy the following material weaknesses: (bi) ~~Promoters~~ insufficient written policies and procedures for accounting and financial reporting with respect to the requirements and application of US GAAP and SEC disclosure requirements; and (ii) ineffective controls over period end financial close and reporting processes. Further, management believes that the hiring of additional personnel who have the technical expertise and knowledge will result proper segregation of duties and provide more checks and balances within the department. Additional personnel will also provide the cross training needed to support Pioneer if personnel turn-over issues within the department occur. This coupled with the appointment of additional outside directors will greatly decrease any control ~~persons~~and procedure issues Pioneer may encounter in the future.

During the past five fiscal years, Thomas Brady, Warren Robb, and Angelo Scola have been promoters of Pioneer’s business, but none of these promoters have received anything of value from Pioneer nor is any person entitled to receive anything of value from Pioneer for services provided as a promoter of the business of Pioneer.19

~~(c) Director~~Management ~~independence~~will continue to monitor and evaluate the effectiveness of Pioneer’s internal controls over financial reporting on an ongoing basis and are committed to taking further action and implementing additional enhancements or improvements, as necessary and as funds allow.

Pioneer’s ~~board~~independent ofauditors ~~directors~~have ~~currently~~not ~~consists~~issued ofan ~~Angelo~~attestation ~~Scola. Pursuant~~report toon ~~Item~~management’s ~~407(a)(1)(ii)~~assessment of ~~Regulation S-K of the Securities Act,~~ Pioneer’s ~~board~~internal ofcontrol ~~directors~~over ~~has~~financial ~~adopted~~reporting. As ~~the~~a ~~definition~~result, ofthis ~~“independent~~annual ~~director”~~report asdoes ~~set~~not ~~forth~~include inan ~~Rule~~attestation ~~4200(a)(15)~~report of ~~the~~Pioneer’s ~~NASDAQ Manual. In summary, an “~~independent ~~director”~~registered ~~means~~public aaccounting ~~person~~firm ~~other~~regarding ~~than~~internal ancontrol ~~executive~~over ~~officer~~financial ~~or employee of~~ reporting. Pioneer orwas ~~any~~not ~~other~~required ~~individual~~to ~~having~~have, anor ~~relationship~~has ~~which~~Pioneer, inengaged ~~the~~its ~~opinion~~independent ofregistered ~~Pioneer’s~~public ~~board~~accounting offirm ~~directors,~~to ~~would~~perform ~~interfere~~an ~~with~~audit ~~the~~of ~~exercise~~internal ofcontrol ~~independent~~over ~~judgement~~financial inreporting ~~carrying~~pursuant ~~out~~to the ~~responsibilities~~rules of athe ~~director,~~Securities and ~~includes~~Exchange ~~any~~Commission ~~director~~that ~~who~~permit ~~accepted any compensation from~~ Pioneer in ~~excess~~to ofprovide ~~$200,000~~only ~~during any period of 12 consecutive months with the three past fiscal years. Also, the ownership of Pioneer~~management’s ~~stock~~report ~~will~~in ~~not~~this ~~preclude~~annual ~~a director from being independent~~report.

InChanges ~~applying~~in ~~this~~Internal ~~definition, Pioneer’s board of directors has determined that Mr. Scola does not qualify as an “independent director” pursuant to Rule 4200(a)(15) of the NASDAQ Manual.~~Controls

AsThere were no changes in Pioneer’s internal controls over financial reporting (as defined in Rule 13a-15(f) of the ~~date~~Exchange ofAct) during the ~~report~~quarter ended August 31, ~~Pioneer~~2012, ~~did~~that ~~not~~materially ~~maintain~~affected, aor ~~separately~~are ~~designated~~reasonably ~~compensation~~likely orto ~~nominating~~materially ~~committee~~affect, Pioneer’s internal control over financial reporting.

~~Pioneer~~Item ~~has also adopted this definition for the independence of the members of its audit committee~~9B. ~~Angelo~~ ~~Scola~~Other serves on Pioneer’s audit committee. Pioneer’s board of directors has determined that Mr. Scola is not “independent” for purposes of Rule 4200(a)(15) of the NASDAQ Manual, applicable to audit, compensation and nominating committee members, and is not “independent” for purposes of Section 10A(m)(3) of the Securities Exchange Act.Information

~~Item~~During ~~14. Principal~~the ~~Accounting~~fourth ~~Fees~~quarter ~~and~~of ~~Services~~the fiscal year covered by this Form 10-K, Pioneer reported all information that was required to be disclosed in a report on Form 8-K.

~~(1) Audit~~PART ~~Fees~~III

~~The~~Item aggregate fees billed for each of the last two fiscal years for professional services rendered by the principal accountant for Pioneer’s audit of annual financial statements and for review of financial statements included in Pioneer’s Form 10~~-Q’s~~. orDirectors, ~~services~~Executive ~~that~~Officers, ~~are normally provided by the accountant in connection with statutory~~ and ~~regulatory~~Corporate ~~filings or engagements for those fiscal years was:~~Governance.

~~2011~~(a) Identify -Directors ~~$13,500~~and –Executive ~~Manning Elliott LLP – Chartered Accountants~~Officers

~~2010~~Each -director ~~$13~~of Pioneer holds office until (i) the next annual meeting of the stockholders,~~500~~ –(ii) ~~Manning~~his ~~Elliott~~successor ~~LLP~~has –been ~~Chartered~~elected ~~Accountants~~and qualified, or (iii) the director resigns.

~~(2) Audit-Related~~Pioneer’s ~~Fees~~and its subsidiaries’ management teams are listed below.

~~The~~Management aggregate fees billed in each of the last two fiscal years for assurance and related services by the principal accountants that are reasonably related to the performance of the audit or review of Pioneer’s financial statements and are not reported in the preceding paragraph:Teams

~~2011~~Name -of ~~$nil~~Directors –and ~~Manning~~Officers ~~Elliott~~Pioneer ~~LLP~~Exploration –Inc. ~~Chartered~~IBA ~~Accountants~~Green, Inc. Angelo Scola President, CEO, CFO, Treasurer, and Corporate Secretary Director CEO and President

~~2010~~Angelo Scola - ~~$nil~~President, –Chief ~~Manning~~Executive ~~Elliott~~Officer, ~~LLP~~and –Chief ~~Chartered~~Financial ~~Accountants~~Officer - Mr. Scola (60 years old) was appointed the Chief Executive Officer, President and Chief Financial Officer of Pioneer on October 28, 2011. Mr. Scola graduated from Wentworth Institute of Technology in 1971 and attended the University of Miami School of Business in 1971-72. Mr. Scola has 40 years of private sector experience in the utility and construction materials industry serving both domestic and international markets. Since 2002 Mr. Scola has pursued the study of applied science pertaining to both virgin and synthetic construction aggregate materials to enhance and stabilize performance capabilities.

(3b) ~~Tax~~ Identify ~~Fees~~Significant Employees

~~The~~Pioneer ~~aggregate~~has ~~fees~~no ~~billed~~significant inemployees ~~each~~other ofthan the ~~last~~directors ~~two fiscal years for professional services rendered by the principal accountant for tax compliance, tax advice,~~ and ~~tax~~officers ~~planning~~of ~~was:~~Pioneer.

~~2011~~(c) Family ~~- $nil – Manning Elliott LLP – Chartered Accountants~~Relationships

~~2010~~There -are ~~$nil~~no –family ~~Manning~~relationships ~~Elliott~~among ~~LLP~~the –directors, ~~Chartered~~executive ~~Accountants~~officers or persons nominated or chosen by Pioneer to become directors or executive officers.

~~Page - 35~~20

(4d) ~~All~~ Involvement ~~Other~~in ~~Fees~~Certain Legal Proceedings

~~The~~During ~~aggregate fees billed in each of~~ the ~~last~~past ~~two~~ten ~~fiscal~~ years ~~for the products and services provided by the principal accountant~~, ~~other~~none ~~than~~of ~~the~~Pioneer’s ~~services~~directors ~~reported~~or inofficers ~~paragraphs~~has ~~(1), (2), and (3) was~~been:

~~2011~~● a general partner or executive officer of any business against which any bankruptcy petition was filed, either at the time of the bankruptcy or two years prior to that time; ● convicted in a criminal proceeding or named subject to a pending criminal proceeding (excluding traffic violations and other minor offenses); ● subject to any order, judgment or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction, permanently or temporarily enjoining, barring, suspending or otherwise limiting his involvement in any type of business, securities or banking activities; ● subject to any order, judgment or decree, not subsequently reversed, suspended or vacated, of any Federal or State authority barring, suspending or otherwise limiting for more than 60 days the right of such person to engage in any activity as a futures commission merchant, introducing broker, commodity trading advisor, commodity pool operator, floor broker, leverage transaction merchant, any other person regulated by the Commodity Futures Trading Commission, or an associated person of any of the foregoing, or as an investment adviser, underwriter, broker or dealer in securities, or as an affiliated person, director or employee of any investment company, bank, savings and loan association or insurance company, or engaging in or continuing any conduct or practice in connection with such activity, or to be associated with persons engaged in any such activity; ● found by a court of competent jurisdiction in a civil action or by the Commission to have violated any Federal or State securities law, and the judgment in such civil action or finding by the Commission has not been subsequently reversed, suspended, or vacated; ● found by a court of competent jurisdiction in a civil action or by the Commodity Futures Trading Commission to have violated any Federal commodities law, and the judgment in such civil action or finding by the Commodity Futures Trading Commission has not been subsequently reversed, suspended or vacated; ● the subject of, or a party to, any Federal or State judicial or administrative order, judgment, decree, or finding, not subsequently reversed, suspended or vacated, relating to an alleged violation of: ● any Federal or State securities or commodities law or regulation; or ● any law or regulation respecting financial institutions or insurance companies including, but not limited to, a temporary or permanent injunction, order of disgorgement or restitution, civil money penalty or temporary or permanent cease-and-desist ~~$nil~~order, –or ~~Manning~~removal ~~Elliott~~or ~~LLP~~prohibition –order; ~~Chartered~~or ~~Accountants~~● any law or regulation prohibiting mail or wire fraud or fraud in connection with any business entity; or ● the subject of, or a party to, any sanction or order, not subsequently reversed, suspended or vacated, of any self-regulatory organization, any registered entity, or any equivalent exchange, association, entity or organization that has disciplinary authority over its members or persons associated with a member.

~~2010~~(e) Compliance -with ~~$nil~~Section –16(a) ~~Manning~~of ~~Elliott~~the ~~LLP~~Exchange ~~– Chartered Accountants~~Act.

~~(6) The~~All ~~percentage~~reports ofwere ~~hours~~filed ~~expended~~with on the ~~principal~~SEC ~~accountant’s~~on ~~engagement~~a totimely ~~audit~~basis and Pioneer’s ~~financial~~is ~~statements~~not ~~for~~aware ~~the~~of ~~most~~any ~~recent~~failures ~~fiscal year that were attributed~~ to ~~work~~file ~~performed~~a byrequired ~~persons~~report ~~other~~during ~~than~~ the ~~principal~~period ~~accountant’s~~covered ~~full~~by ~~time,~~this ~~permanent~~annual ~~employees was nil %~~report.

~~Item~~(f) Nomination ~~15. Exhibits,~~Procedure ~~Financial~~for ~~Statement Schedules.~~Directors

1Pioneer does not have a standing nominating committee; recommendations for candidates to stand for election as directors are made by the board of directors. ~~Financial~~ Pioneer ~~Statements~~has not adopted a policy that permits shareholders to recommend candidates for election as directors or a process for shareholders to send communications to the board of directors.

~~Audited financial statements of Pioneer Exploration Inc. have been included in Item 8 above.~~21

~~2. Financial~~(g) Audit ~~Statement~~Committee ~~Schedules~~Financial Expert

~~All~~Pioneer ~~schedules~~has ~~for~~no ~~which~~financial ~~provision~~expert. Management believes the cost related to retaining a financial expert at this time is ~~made~~prohibitive. Pioneer’s inBoard ~~Regulation~~of ~~S-X~~Directors ~~are~~has ~~either~~determined that it does not ~~required~~presently toneed bean ~~included~~audit ~~herein~~committee ~~under~~financial expert on the ~~related~~Board ~~instructions~~of orDirectors ~~are~~to ~~inapplicable~~carry orout the ~~related~~duties ~~information~~of isthe ~~included~~Audit inCommittee. Pioneer’s ~~the~~Board ~~footnotes~~of toDirectors has determined that the ~~applicable~~cost of hiring a financial ~~statement~~expert to act as a director of Pioneer and, ~~therefore,~~to ~~have~~be ~~been~~a ~~omitted~~member ~~from~~of ~~this~~the ~~Item~~Audit 15Committee or otherwise perform Audit Committee functions outweighs the benefits of having a financial expert on the Audit Committee.

~~3. Exhibits~~(h) Identification of Audit Committee

~~All~~Pioneer ~~Exhibits~~does ~~required~~not tohave bea ~~filed~~separately-designated ~~with~~standing ~~the~~audit ~~Form~~committee. Rather, ~~10-K~~Pioneer’s ~~are~~entire ~~included~~board inof ~~this~~directors ~~annual~~perform ~~report~~the orrequired ~~incorporated~~functions byof ~~reference~~an toaudit ~~Pioneer’s~~committee. Currently, ~~previous~~Angelo ~~filings~~Scola ~~with~~is the ~~SEC~~only member of Pioneer’s audit committee, ~~which~~but ~~can~~they bedo ~~found~~not inmeet ~~their~~Pioneer’s ~~entirety~~independent atrequirements ~~the~~for ~~SEC~~an ~~website~~audit atcommittee ~~www~~member.~~sec.gov~~ See ~~under~~“Item ~~SEC~~12. ~~File~~(c) ~~Number~~Director ~~333-135743~~independence” ~~and~~below ~~SEC~~for ~~File~~more ~~Number~~information ~~000-53784~~on independence.

Exhibit	Description	Status
3.1	Articles of Incorporation, filed as an exhibit to Pioneer’s registration statement on Form SB-2 filed on July 13, 2006, and incorporated herein by reference.	Filed
3.2	By-Laws, filed as an exhibit to Pioneer’s registration statement on Form SB-2 filed on July 13, 2006, and incorporated herein by reference.	Filed
3.3	Certificate of Incorporation of IBA Green, Inc., filed as an exhibit to Pioneer’s Form 8-K (Current Report) filed on November 1, 2011, and incorporated herein by reference.	Filed
3.4	Bylaws of IBA Green, Inc., filed as an exhibit to Pioneer’s Form 8-K (Current Report) filed on November 1, 2011, and incorporated herein by reference.	Filed
10.1	Property Purchase Agreement dated August 25, 2005, filed as an exhibit to Pioneer’s registration statement on Form SB-2 filed on July 13, 2006, and incorporated herein by reference.	Filed
10.2	Declaration of Trust, filed as an exhibit to Pioneer’s registration statement on Form SB-2 filed on July 13, 2006, and incorporated herein by reference.	Filed
10.3	Geological Report on the Pipe Claims, filed as an exhibit to Pioneer’s registration statement on Form SB-2 filed on July 13, 2006, and incorporated herein by reference.	Filed
10.4	Letter Agreement dated November 5, 2008 between Pioneer Exploration Inc. and Scott Macleod, filed as an exhibit to Pioneer’s Form 8-K (Current Report) filed on November 13, 2008, and incorporated herein by reference.	Filed
10.5	Letter Agreement dated November 5, 2008 between Pioneer Exploration Inc. and Ian McGavney, filed as an exhibit to Pioneer’s Form 8-K (Current Report) filed on November 13, 2008, and incorporated herein by reference.	Filed
10.6	Share Purchase Agreement dated November 20, 2008 between Pioneer Exploration Inc. and Scott Macleod, filed as an exhibit to Pioneer’s Form 8-K (Current Report) filed on November 26, 2008, and incorporated herein by reference.	Filed
10.7	Share Purchase Agreement dated November 20, 2008 between Pioneer Exploration Inc. and Ian McGavney, filed as an exhibit to Pioneer’s Form 8-K (Current Report) filed on November 26, 2008, and incorporated herein by reference.	Filed
10.8	Promissory Note dated November 20, 2008 given to Tiger Ventures Group Ltd. by Pioneer Exploration Inc., filed as an exhibit to Pioneer’s Form 10-K (Annual Report) filed on December 2, 2008, and incorporated herein by reference.	Filed
10.9	Promissory Note dated February 19, 2009 given to Blue Cove Holdings Inc. by Pioneer Exploration Inc., filed as an exhibit to Pioneer’s Form 10-K (Annual Report) filed on December 10, 2009, and incorporated herein by reference.	Filed
10.10	Promissory Note dated May 15, 2009 given to Blue Cove Holdings Inc. by Pioneer Exploration Inc., filed as an exhibit to Pioneer’s Form 10-K (Annual Report) filed on December 10, 2009, and incorporated herein by reference.	Filed
10.11	Share Purchase Agreement and Promissory Note dated November 30, 2009 between Pioneer Exploration Inc. and Skye Capital Corporation, filed as an exhibit to Pioneer’s Form 10-K (Annual Report) filed on December 10, 2009, and incorporated herein by reference.	Filed
10.12	Letter Agreement dated October 7, 2011 between Pioneer and Angelo Scola, filed as an exhibit to Pioneer’s Form 8-K (Current Report) filed on October 12, 2011, and incorporated herein by reference.	Filed
10.13	Share Purchase Agreement dated October 28, 2011 between Pioneer and Angelo Scola, filed as an exhibit to Pioneer’s Form 8-K (Current Report) filed on November 1, 2011, and incorporated herein by reference.	Filed
14	Code of Ethics filed as an exhibit to Pioneer’s Form 10-Q (Quarterly Report) filed on April 16, 2008, and incorporated herein by reference.	Filed
31	Certifications pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.	Included
32	Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.	Included
99.1	Disclosure Committee Charter filed as an exhibit to Pioneer’s Form 10-Q (Quarterly Report) filed on April 20, 2009, and incorporated herein by reference.	Filed

Pioneer’s audit committee is responsible for: (1) selection and oversight of Pioneer’s independent accountant; (2) establishing procedures for the receipt, retention and treatment of complaints regarding accounting, internal controls and auditing matters; (3) establishing procedures for the confidential, anonymous submission by Pioneer’s employees of concerns regarding accounting and auditing matters; (4) engaging outside advisors; and, (5) funding for the outside auditor and any outside advisors engaged by the audit committee.

~~Page~~As -of 36August 31, 2012, Pioneer did not have a written audit committee charter or similar document.

~~SIGNATURES~~(i) Code of Ethics

InPioneer ~~accordance~~has adopted a financial code of ethics that applies to all its executive officers and employees, including its CEO and CFO. See Exhibit 14 - Code of Ethics for more information. Pioneer undertakes to provide any person with ~~the~~a ~~requirements~~copy of ~~the~~its ~~Securities~~financial ~~Exchange~~code ~~Act~~of ethics free of ~~1934,~~charge. Please contact Pioneer ~~Exploration~~at ~~Inc~~(877) 700-0422 to request a copy of Pioneer’s financial code of ethics. Management ~~has~~believes ~~caused~~Pioneer’s ~~this~~financial ~~report~~code of ethics is reasonably designed to bedeter ~~signed~~wrongdoing onand ~~its~~promote ~~behalf~~honest byand ~~the~~ethical ~~undersigned~~conduct; ~~duly~~provide ~~authorized~~full, ~~person~~fair, accurate, timely and understandable disclosure in public reports; comply with applicable laws; ensure prompt internal reporting of code violations; and provide accountability for adherence to the code.

	PIONEER EXPLORATION INC.
By:	/s/ Angelo Scola
Name:	Angelo Scola
Title:	Director and CEO
Dated:	December 12, 2011

Item 11. Executive Compensation.

~~Pursuant~~Pioneer tohas ~~the~~paid ~~requirements~~no ofcompensation ~~the~~to ~~Securities~~its ~~Exchange~~named ~~Act~~executive ofofficers ~~1934,~~during ~~the~~its ~~following~~fiscal ~~persons~~year onended ~~behalf~~August of31, ~~Pioneer Exploration Inc~~2012. ~~and in the capacities and on the dates indicated have signed this report below.~~

Signature	Title	Date
/s/ Angelo Scola	President, Chief Executive Officer, Principal Executive Officer, Chief Financial Officer, Principal Financial Officer, Principal Accounting Officer Treasurer, and Corporate Secretary Member of the Board of Directors	December 12, 2011
Angelo Scola

~~Page~~SUMMARY -COMPENSATION 37TABLE

Exhibit 31

Name and principal position

(a)

Year

(b)

Salary

($)

(c)

Bonus

($)

(d)

Stock Awards

($)

(e)

Option Awards

($)

(f)

Non-Equity Incentive Plan

($)

(g)

Non-qualified Deferred Compen-

sation Earnings

($)

(h)

All other compen-sation

($)

(i)

Total

($)

(j)

Angelo Scola

CEO and CFO

Oct 2011 - present

2010

2011

2012

$nil

$510,250

$nil

$510,250

Thomas Brady

CEO and CFO

Mar 2010 - Oct 2011

Secretary/Treasurer

Jun 2005 - Oct 2011

2010

2011

2012

$nil

n/a

$nil

n/a

$nil

n/a

$nil

n/a

$nil

n/a

$nil

n/a

$nil

n/a

$nil

n/a

Warren Rob

CEO and CFO

Jun 2005 - Mar 2010

2010

2011

2012

$nil

n/a

$nil

n/a

$nil

n/a

$nil

n/a

$nil

n/a

$nil

n/a

$nil

n/a

$nil

n/a

~~Page~~Since Pioneer’s inception, no stock options, stock appreciation rights, or long-term 38incentive plans have been granted, exercised or repriced.

~~PIONEER~~Currently, ~~EXPLORATION~~there ~~INC~~are no arrangements between Pioneer and any of its directors whereby such directors are compensated for any services provided as directors, except as invoices for services rendered.

~~CERTIFICATIONS~~There ~~PURSUANT~~are TOno employment agreements between Pioneer and any named executive officer, and there are no employment agreements or other compensating plans or arrangements with regard to any named executive officer which provide for specific compensation in the event of resignation, retirement, other termination of employment or from a change of control of Pioneer or from a change in a named executive officer’s responsibilities following a change in control.

~~SECTION~~Item ~~302~~12. OFSecurity ~~THE~~Ownership ~~SARBANES-OXLEY~~of ~~ACT~~Certain OFBeneficial ~~2002~~Holders and Management.

~~CERTIFICATION~~(a) Security Ownership of Certain Beneficial Owners (more than 5%)

I, Angelo Scola, certify that:

(1)

Title of Class

(2)

Name and Address of Beneficial Owner

(3)

Amount and Nature of

Beneficial Owner ^[1]

(4)

Percent

of Class ^[2]

Common Stock

Angelo Scola

10 Yosemite Valler Road

Westerly, Rhode Island

02891

35,100,000

Direct

71.0%

[1~~. I~~] The ~~have~~listed ~~reviewed~~beneficial ~~this~~owner ~~annual~~has ~~report~~no onright to acquire any shares within 60 days of the date of this Form 108-K/A ~~for~~from ~~the~~options, ~~fiscal~~warrants, ~~year~~rights, ~~ending~~conversion ~~August~~privileges ~~31,~~or ~~2011~~similar ofobligations ~~Pioneer~~excepted ~~Exploration~~as ~~Inc~~otherwise noted.;

[2. ] Based on ~~my knowledge~~49,764,500 ~~this~~shares ~~report does not contain any untrue statement~~ of acommon ~~material~~stock ~~fact~~issued orand ~~omit~~outstanding toas ~~state a material fact necessary to make the statements made, in light~~ of ~~the~~December ~~circumstances under which such statements were made~~14, ~~not misleading with respect to the period covered by this report;~~2012

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;23

~~4. The registrant’s other certifying officer~~(sb) ~~and~~Security IOwnership ~~are~~of responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:Management

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;


(1) Title of Class	(2) Name and Address of Beneficial Owner	(3) Amount and Nature of Beneficial Owner	(4) Percent of Class ^[1]
Common Stock	Angelo Scola 10 Yosemite Valler Road Westerly, Rhode Island 02891	35,100,000 Direct	70.5%
Common Stock	Thomas Brady 202 - 750 W. Pender St Vancouver, British Columbia V6C 2T7 Canada	2,500,000 Direct	5.0%
Common Stock	Directors and Executive Officers (as a group)	37,600,000	75.5%

~~(b)~~[1] Based ~~Designed~~on ~~such internal control over financial reporting~~49, ~~or caused such internal control over financial reporting to be designed under our supervision~~764,500 toshares ~~provide reasonable assurance regarding the reliability~~ of ~~financial~~common ~~reporting~~stock issued and ~~the~~outstanding ~~preparation~~as of December ~~financial~~14, ~~statements for external purposes in accordance with generally accepted accounting principles;~~2012

(c) Changes ~~Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented~~ in ~~this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and~~Control

~~(d)~~Management ~~Disclosed~~is innot ~~this~~aware ~~report~~of any ~~change~~arrangement ~~in the registrant’s internal control over financial reporting~~ that ~~occurred~~may ~~during~~result ~~the~~in ~~registrant’s~~a ~~most~~change ~~recent fiscal quarter (the registrant’s fourth fiscal quarter~~ in ~~the~~control ~~case~~ of ~~an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and~~Pioneer.

(a) Transactions ~~All~~with ~~significant~~Related deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; andPersons

~~(b)~~Since ~~Any~~the ~~fraud~~beginning of Pioneer’s last fiscal year, ~~whether~~no director, executive officer, security holder, or ~~not~~any ~~material~~immediate family of such director, ~~that~~executive ~~involves~~officer, ~~management~~or security holder has had any direct or ~~other~~indirect ~~employees~~material ~~who~~interest ~~have~~in any transaction or currently proposed transaction, which Pioneer was or is to be a ~~significant~~participant, ~~role~~that inexceeded the ~~registrant~~lesser of (1) $120,000 or (2) one percent of the average of Pioneer’s ~~internal~~total ~~control~~assets ~~over~~at ~~financial~~year-end ~~reporting.~~for the last three completed fiscal years, except for the following:

~~Date: December~~1. Share ~~12,~~Purchase ~~2011~~Agreement

~~/s/~~ Angelo Scola, Pioneer’s President and CEO, sold all of his interest in IBA Green, Inc. to Pioneer in consideration of the issuance of 38.5 million restricted shares of common stock in the capital of Pioneer. See Exhibit 10.13 - Share Purchase Agreement for more details.

~~Angelo~~2. Donated ~~Scola~~Services and Rent

~~Chief~~Warren ~~Executive~~Robb, ~~Officer~~Pioneer’s former President, CEO, CFO and director, donated services to Pioneer that are recognized on its financial statements. Also, Thomas Brady, Pioneer’s former President, CEO, CFO, Corporate Secretary, Treasurer, donated services and rent to Pioneer that are recognized on its financial statements. From inception on June 9, 2005 to August 31, 2011, Pioneer recognized a total of $33,000 for donated services and $11,250 for donated rent.

~~Page~~3. Management ~~- 39~~Fees

~~PIONEER~~During ~~EXPLORATION~~the ~~INC~~year ended August 31, 2012, the Company incurred management fees of $510,250 (2011 - $58,500) provided by Angelo Scola, Pioneer’s President and CEO.

~~CERTIFICATIONS~~(b) Promoters ~~PURSUANT~~and TOcontrol persons

~~SECTION~~During ~~302~~the OFpast ~~THE~~five ~~SARBANES-OXLEY~~fiscal ~~ACT~~years, OFThomas ~~2002~~Brady, Warren Robb, and Angelo Scola have been promoters of Pioneer’s business, but none of these promoters have received anything of value from Pioneer nor is any person entitled to receive anything of value from Pioneer for services provided as a promoter of the business of Pioneer.

~~CERTIFICATION~~24

I,(c) Director ~~Angelo Scola, certify that:~~independence

~~1. I~~Pioneer’s ~~have~~board ~~reviewed~~of ~~this~~directors ~~annual~~currently ~~report~~consists onof ~~Form~~Angelo 10Scola. Pursuant to Item 407(a)(1)(ii) of Regulation S-K ~~for~~of the ~~fiscal~~Securities ~~year~~Act, ~~ending~~Pioneer’s ~~August~~board 31of directors has adopted the definition of “independent director” as set forth in Rule 4200(a)(15) of the NASDAQ Manual. In summary, ~~2011~~an “independent director” means a person other than an executive officer or employee of Pioneer ~~Exploration~~or ~~Inc~~any other individual having a relationship which, in the opinion of Pioneer’s board of directors, would interfere with the exercise of independent judgement in carrying out the responsibilities of a director, and includes any director who accepted any compensation from Pioneer in excess of $200,000 during any period of 12 consecutive months with the three past fiscal years.; Also, the ownership of Pioneer’s stock will not preclude a director from being independent.

~~2. Based~~In onapplying mythis ~~knowledge~~definition, ~~this~~Pioneer’s ~~report~~board ~~does~~of ~~not~~directors ~~contain~~has ~~any~~determined ~~untrue~~that ~~statement~~Mr. ofScola adoes ~~material~~not ~~fact~~qualify oras ~~omit~~an to“independent ~~state~~director” apursuant ~~material fact necessary~~ to ~~make~~Rule ~~the~~4200(a)(15) ~~statements made, in light~~ of the ~~circumstances~~NASDAQ ~~under which such statements were made, not misleading with respect to the period covered by this report;~~Manual.

~~3. Based~~As onof ~~my knowledge,~~ the ~~financial~~date ~~statements,~~of ~~and~~the ~~other financial information included in this~~ report, ~~fairly~~Pioneer ~~present~~did innot ~~all~~maintain ~~material~~a ~~respects~~separately ~~the~~designated ~~financial~~compensation ~~condition,~~or ~~results~~nominating ~~of operations and cash flows of the registrant as of, and for, the periods presented in this report;~~committee.

4Pioneer has also adopted this definition for the independence of the members of its audit committee. ~~The~~ Angelo ~~registrant~~Scola serves on Pioneer’s ~~other~~audit ~~certifying officer(~~committee. Pioneer’s) ~~and~~board Iof ~~are~~directors ~~responsible~~has ~~for~~determined ~~establishing~~that ~~and~~Mr. ~~maintaining~~Scola ~~disclosure~~is ~~controls~~not ~~and~~“independent” ~~procedures~~for purposes of Rule 4200(asa)(15) ~~defined~~of inthe ~~Exchange~~NASDAQ ~~Act~~Manual, ~~Rules~~applicable ~~13a-15(e)~~to ~~and~~audit, ~~15d-15(e))~~compensation and ~~internal~~nominating ~~control~~committee ~~over~~members, ~~financial~~and ~~reporting~~is ~~(as~~not ~~defined~~“independent” infor ~~Exchange~~purposes ~~Act~~of ~~Rules~~Section ~~13a-15~~10A(fm) ~~and 15d-15~~(f3)) ~~for~~of the ~~registrant~~Securities ~~and~~Exchange ~~have:~~Act.

~~(a)~~Item ~~Designed~~14. ~~such~~Principal ~~disclosure~~Accounting ~~controls~~Fees and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;Services

(b1) Audit Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;Fees

~~(c)~~The ~~Evaluated~~aggregate ~~the~~fees ~~effectiveness~~billed for each of the ~~registrant’s~~last ~~disclosure~~two ~~controls~~fiscal ~~and~~years ~~procedures~~for ~~and~~professional ~~presented~~services inrendered ~~this~~by ~~report~~the ~~our~~principal ~~conclusions~~accountant ~~about~~for ~~the~~Pioneer’s ~~effectiveness~~audit of ~~the~~annual ~~disclosure~~financial ~~controls~~statements and ~~procedures,~~for asreview of ~~the~~financial ~~end~~statements ofincluded ~~the~~in ~~period~~Pioneer’s ~~covered~~Form 10-Q’s or services that are normally provided by ~~this~~the ~~report~~accountant ~~based~~in onconnection ~~such~~with ~~evaluation;~~statutory and regulatory filings or engagements for those fiscal years was:

~~(d)~~2011 ~~Disclosed~~- in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected$30,968 or- isManning ~~reasonably~~Elliott ~~likely~~LLP to- ~~materially~~Chartered ~~affect, the registrant’s internal control over financial reporting; and~~Accountants

~~5. The~~2010 ~~registrant’s~~- ~~other certifying officer(s) and I have disclosed~~$14,875 ~~based~~- onManning ~~our~~Elliott ~~most~~LLP ~~recent~~- ~~evaluation~~Chartered ~~of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):~~Accountants

(a2) Audit-Related All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; andFees

~~(b)~~The ~~Any~~aggregate ~~fraud,~~fees ~~whether~~billed orin ~~not~~each ~~material,~~of ~~that~~the ~~involves~~last ~~management~~two orfiscal ~~other~~years ~~employees~~for ~~who~~assurance ~~have~~and arelated ~~significant~~services ~~role~~by inthe principal accountants that are reasonably related to the ~~registrant~~performance of the audit or review of Pioneer’s ~~internal~~financial ~~control~~statements ~~over~~and ~~financial~~are ~~reporting.~~not reported in the preceding paragraph:

~~Date: December~~2012 ~~12,~~- ~~2011~~$nil - Manning Elliott LLP - Chartered Accountants

~~/s/~~2011 ~~Angelo~~- ~~Scola~~$nil - Manning Elliott LLP - Chartered Accountants

~~Angelo~~(3) Tax ~~Scola~~Fees

~~Chief~~The ~~Financial~~aggregate ~~Officer~~fees billed in each of the last two fiscal years for professional services rendered by the principal accountant for tax compliance, tax advice, and tax planning was:

~~Page~~2012 - 40$nil - Manning Elliott LLP - Chartered Accountants

~~Exhibit~~2011 32- $nil - Manning Elliott LLP - Chartered Accountants

~~Page~~(4) All -Other 41Fees

~~CERTIFICATION~~The ~~PURSUANT~~aggregate TOfees billed in each of the last two fiscal years for the products and services provided by the principal accountant, other than the services reported in paragraphs (1), (2), and (3) was:

182012 ~~U.S.C.~~- ~~SECTION~~$nil ~~1350,~~- Manning Elliott LLP - Chartered Accountants

AS2011 ~~ADOPTED~~- ~~PURSUANT~~$nil TO- Manning Elliott LLP - Chartered Accountants

~~SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002~~25

In(6) The ~~connection~~percentage ~~with the Annual Report~~ of ~~Pioneer~~hours ~~Exploration~~expended ~~Inc. (the “Company”)~~ on ~~Form 10-K for~~ the ~~period~~principal ~~ending~~accountant’s ~~August~~engagement ~~31,~~to ~~2011~~audit asPioneer’s ~~filed~~financial ~~with~~statements ~~the~~for ~~Securities and Exchange Commission on~~ the ~~date~~most ~~hereof~~recent ~~(the~~fiscal ~~“Report”),~~year I,that ~~Angelo~~were ~~Scola,~~attributed ~~Chief~~to ~~Executive~~work ~~Officer~~performed ofby ~~the~~persons ~~Company~~other ~~and~~than ~~a member of~~ the ~~Board~~principal ofaccountant’s ~~Directors,~~full ~~certify~~time, ~~pursuant~~permanent toemployees 18was ~~U.S.C.~~nil ~~§1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:~~%.

~~(1)~~Item ~~The Report fully complies with the requirements of section 13(a) or~~ 15~~(d)~~. ofExhibits, ~~the~~Financial ~~Securities~~Statement ~~Exchange Act of 1934; and~~Schedules.

~~(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company~~1. Financial Statements

~~/s/~~Audited ~~Angelo~~financial ~~Scola~~statements of Pioneer Exploration Inc. have been included in Item 8 above.

~~Angelo~~2. Financial ~~Scola~~Statement Schedules

~~Chief~~All ~~Executive~~schedules ~~Officer~~for which provision is made in Regulation S-X are either not required to be included herein under the related instructions or are inapplicable or the related information is included in the footnotes to the applicable financial statement and, therefore, have been omitted from this Item 15.

~~December 12, 2011~~3. Exhibits

~~Page~~All Exhibits required to be filed with the Form 10-K 42are included in this annual report or incorporated by reference to Pioneer’s previous filings with the SEC, which can be found in their entirety at the SEC website at www.sec.gov under SEC File Number 333-135743 and SEC File Number 000-53784.

CERTIFICATION PURSUANT TO


Exhibit	Description	Status
3.1	Articles of Incorporation, filed as an exhibit to Pioneer’s registration statement on Form SB-2 filed on July 13, 2006, and incorporated herein by reference.	Filed
3.2	By-Laws, filed as an exhibit to Pioneer’s registration statement on Form SB-2 filed on July 13, 2006, and incorporated herein by reference.	Filed
3.3	Certificate of Incorporation of IBA Green, Inc., filed as an exhibit to Pioneer’s Form 8-K (Current Report) filed on November 1, 2011, and incorporated herein by reference.	Filed
3.4	Bylaws of IBA Green, Inc., filed as an exhibit to Pioneer’s Form 8-K (Current Report) filed on November 1, 2011, and incorporated herein by reference.	Filed
10.1	Property Purchase Agreement dated August 25, 2005, filed as an exhibit to Pioneer’s registration statement on Form SB-2 filed on July 13, 2006, and incorporated herein by reference.	Filed
10.2	Declaration of Trust, filed as an exhibit to Pioneer’s registration statement on Form SB-2 filed on July 13, 2006, and incorporated herein by reference.	Filed
10.3	Geological Report on the Pipe Claims, filed as an exhibit to Pioneer’s registration statement on Form SB-2 filed on July 13, 2006, and incorporated herein by reference.	Filed
10.4	Letter Agreement dated November 5, 2008 between Pioneer Exploration Inc. and Scott Macleod, filed as an exhibit to Pioneer’s Form 8-K (Current Report) filed on November 13, 2008, and incorporated herein by reference.	Filed
10.5	Letter Agreement dated November 5, 2008 between Pioneer Exploration Inc. and Ian McGavney, filed as an exhibit to Pioneer’s Form 8-K (Current Report) filed on November 13, 2008, and incorporated herein by reference.	Filed

~~18 U.S.C. SECTION 1350,~~26

AS ADOPTED PURSUANT TO


Exhibit	Description	Status
10.6	Share Purchase Agreement dated November 20, 2008 between Pioneer Exploration Inc. and Scott Macleod, filed as an exhibit to Pioneer’s Form 8-K (Current Report) filed on November 26, 2008, and incorporated herein by reference.	Filed
10.7	Share Purchase Agreement dated November 20, 2008 between Pioneer Exploration Inc. and Ian McGavney, filed as an exhibit to Pioneer’s Form 8-K (Current Report) filed on November 26, 2008, and incorporated herein by reference.	Filed
10.8	Promissory Note dated November 20, 2008 given to Tiger Ventures Group Ltd. by Pioneer Exploration Inc., filed as an exhibit to Pioneer’s Form 10-K (Annual Report) filed on December 2, 2008, and incorporated herein by reference.	Filed
10.9	Promissory Note dated February 19, 2009 given to Blue Cove Holdings Inc. by Pioneer Exploration Inc., filed as an exhibit to Pioneer’s Form 10-K (Annual Report) filed on December 10, 2009, and incorporated herein by reference.	Filed
10.10	Promissory Note dated May 15, 2009 given to Blue Cove Holdings Inc. by Pioneer Exploration Inc., filed as an exhibit to Pioneer’s Form 10-K (Annual Report) filed on December 10, 2009, and incorporated herein by reference.	Filed
10.11	Share Purchase Agreement and Promissory Note dated November 30, 2009 between Pioneer Exploration Inc. and Skye Capital Corporation, filed as an exhibit to Pioneer’s Form 10-K (Annual Report) filed on December 10, 2009, and incorporated herein by reference.	Filed
10.12	Letter Agreement dated October 7, 2011 between Pioneer and Angelo Scola, filed as an exhibit to Pioneer’s Form 8-K (Current Report) filed on October 12, 2011, and incorporated herein by reference.	Filed
10.13	Share Purchase Agreement dated October 28, 2011 between Pioneer and Angelo Scola, filed as an exhibit to Pioneer’s Form 8-K (Current Report) filed on November 1, 2011, and incorporated herein by reference.	Filed
14	Code of Ethics filed as an exhibit to Pioneer’s Form 10-Q (Quarterly Report) filed on April 16, 2008, and incorporated herein by reference.	Filed
31	Certifications pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.	Included
32	Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.	Included
99.1	Disclosure Committee Charter filed as an exhibit to Pioneer’s Form 10-Q (Quarterly Report) filed on April 20, 2009, and incorporated herein by reference.	Filed

~~SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002~~27

In connection with the Annual Report of Pioneer Exploration Inc. (the “Company”) on Form 10-K for the period ending August 31, 2011 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Angelo Scola, Chief Financial Officer of the Company and a member of the Board of Directors, certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:SIGNATURES

~~(1)~~In ~~The~~accordance ~~Report fully complies~~ with the requirements of ~~section 13(a) or 15(d) of~~ the Securities Exchange Act of 1934;, ~~and~~Pioneer Exploration Inc. has caused this report to be signed on its behalf by the undersigned duly authorized person.

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.


	PIONEER EXPLORATION INC.
By:	*/s/ Angelo Scola*
Name:	Angelo Scola
Title:	Director and CEO
Dated:	December 14, 2012

~~/s/~~Pursuant ~~Angelo~~to ~~Scola~~the requirements of the Securities Exchange Act of 1934, the following persons on behalf of Pioneer Exploration Inc. and in the capacities and on the dates indicated have signed this report below.

Angelo Scola

Signature

Title

Date

/s/ Angelo Scola

ANGELO SCOLA

President, Chief Executive Officer,

Principal Executive Officer,

Chief Financial Officer, Principal Financial Officer, Principal Accounting Officer

Treasurer, and Corporate Secretary

Member of the Board of Directors

December 21, 2012

~~Chief Financial Officer~~28

December 12, 2011

Page - 43

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