STATEMENTS OF OPERATIONS (Unaudited) (USD $)	3 Months Ended		6 Months Ended		28 Months Ended
STATEMENTS OF OPERATIONS (Unaudited) (USD $)	Aug. 31, 2012	Aug. 31, 2011	Aug. 31, 2012	Aug. 31, 2011	Aug. 31, 2012
Expenses
Office and general	$ 1,724	$ 701	$ 6,096	$ 862	$ 8,845
Professional fees	1,200	2,000	4,200	3,000	31,421
Mining costs					7,703
Net loss	$ 2,924	$ 2,701	$ 10,296	$ 3,862	$ 47,969
Basic and diluted loss per share	$ 0.00	$ 0.00	$ 0.00	$ 0.00
Weighted average number of common shares outstanding	3,160,000	2,000,000	3,160,000	2,000,000

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

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+ Details

Penola Inc. 10-Q