UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

[X]	QUARTERLY REPORT UNDER TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED ~~MARCH~~JUNE 3130, 2010
OR
[ ]	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission file number 000-53613

CORMAC MINING INC.

(Exact name of registrant as specified in its charter)

NEVADA

(State or other jurisdiction of incorporation or organization)

936 West 14th Avenue

Vancouver, British Columbia

Canada V5Z 1R4

(Address of principal executive offices, including zip code.)

(604) 803-7040

(telephone number, including area code)

Indicate by check mark whether the issuer (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act 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 last 90 days. 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 (SS 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). ~~YES [ ] NO [ X ]~~

YES [ ] NO [ X]

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,” “non-accelerated filer,” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large Accelerated Filer	[ ]	Accelerated Filer	[ ]
Non-accelerated Filer	[ ]	Smaller Reporting Company	[X]
(Do not check if smaller reporting company)

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

APPLICABLE ONLY TO CORPORATE ISSUERS:

Indicated the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date: 3,800,000 shares of common stock as of ~~May~~August 1713, 2010.

PART 1- FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

Cormac Mining Inc.

(An Exploration Stage Company)

Interim Financial Statements

As at ~~March~~June 3130, 2010

(Unaudited)

Index

Balance Sheets	F-1

Statements of Operations	F-2

Statements of Cash Flows	F-3

Statements of Shareholders’ Equity	F-4

Notes to the Financial Statements	F-5

-2-

Cormac Mining Inc.
(an Exploration Stage Company)
Balance Sheets
(Unaudited)
			March 31,		December 31,
			June 30,		December 31,
Assets			2010		2009
Current
	Cash and cash equivalents	$	1,~~317~~256	$	1,355
Mineral properties			2,844		2,844
Deferred offering costs			2834,~~577~~751		28,577
Total Assets		$	3238,~~738~~851	$	32,776
Liabilities
Current
	Accounts payable and accrued liabilities	$	68,~~787~~833	$	2,927
	Due to related parties		5967,481		56,481
Total Liabilities			6676,~~268~~314		59,408
Shareholders' (Deficiency) Equity
Shareholders' Deficiency
Capital stock (note 4)			38		38
Capital stock (Note 4)			38		38
	Preferred stock: 100,000,000 authorized shares
	- par value of $0.00001
	- no shares issued and outstanding
	Common stock: 100,000,000 authorized shares
	- par value of $0.00001
	- 3,800,000 shares issued and outstanding
	Additional paid-in capital		7,992		7,992
	Donated capital		1,950		1,950
	Deficit accumulated during the exploration stage		(4347,~~510~~443)		(36,612)
Total Shareholders’ (Deficiency) Equity			(33,530)		(26,632)
Total Shareholders’ Deficiency			(37,463)		(26,632)
Total Liabilities and Shareholders’ (Deficiency) Equity		$	32,738	$	32,776
Total Liabilities and Shareholders’ Deficiency		$	38,851	$	32,776

Note 2 – Nature and Continuance of Operations

F-1

See accompanying Notes

-3-

Cormac Mining Inc.
(an Exploration Stage Company)
Interim Statements of Operations
For the Three Month Periods ended March 31, 2010 and 2009 and from January 17, 2007 (Inception) to March 31, 2010
For the Six Month and Three Month Periods ended June 30, 2010 and 2009 and from January 17, 2007 (Inception) to June 30, 2010
(Unaudited )
									~~January 17,~~					January 17,
		Three months ended							2007 (Inception)
														2007
		March 31,							to Mar 31,
				Six months ended					Three months ended					(Inception)
		2010			2009				2010
				June 30,					June 30,					to Jun 30,
Operating expenses
				2010		2009			2010			2009		2010
Accounting and audit		$	5,360		$	6,010			$	26,563
Operating expenses
Legal fees			1,500			4,114				10,932
	Accounting and audit		$	6,851		6,479		$	1,491			1,662	$	28,054
Mineral exploration expenditures			-			-				3,901
	Foreign exchange			(9)		(70)			(9)			(665)		(79)
Office and sundry			38			40				1,177
	Legal fees			3,834		4,851			2,334			736		13,266
Regulatory and filing fees			-			-				602
	Mineral exploration expenditures			-		-			-			-		3,901
Transfer agent			-			-				335
	Office and sundry			155		69			117			39		1,364
Net loss for the period		$	(6,898	)	$	(10,164	)		$	(43,510	)
	Regulatory and filing fees			-		250			-			250		602
Loss per share - basic and diluted		$	(0.00	)	$	(0.01	)
	Transfer agent			-		-			-			-		335
Weighted average number of
Net loss for the period			$	(10,831)		(11,579)		$	(3,933)			(2,022)	$	(47,443)
shares outstanding – basic and diluted			3,800,000			3,800,000
Loss per share			$	(0.00)		(0.00)		$	(0.00)			(0.00)
Weighted average number of
shares outstanding				3,800,000		3,800,000			3,800,000			3,800,000

F-2

See accompanying Notes

-4-

Cormac Mining Inc.	~~Cormac Mining Inc.~~
(an Exploration Stage Company)	~~(an Exploration Stage Company)~~
Statement of Shareholders’ (Deficiency) Equity	~~Statement of Shareholders’ (Deficiency) Equity~~
	For the Period from January 17, 2007 (Inception) to March 31, 2010
For the Period from January 17, 2007 (Inception) to June 30, 2010
(Unaudited)	~~(Unaudited)~~
						Deficit Accumulated	Total
												Deficit
				Additional		During	Stockholders’
												Accumulated			Total
		Common Stock		Paid-In	Donated	the Exploration	(Deficiency)
								Additional				During			Stockholders’
		Shares	Amount	Capital	Capital	Stage	Equity
		Common Stock						Paid-In		Donated		the Exploration			(Deficiency)
			$	$	$	$	$
		Shares				Amount		Capital		Capital		Stage			Equity
Common stock issued for cash, January 23, 2007, to two directors at $0.00001 per share		3,000,000	30	-	-	-	30
						$		$		$		$			$
Common stock issued for cash, October 31, 2007, at $0.01 per share		800,000	8	7,992	-	-	8,000
Common stock issued for cash, January 23, 2007, to two directors at $0.00001 per share			3,000,000				30		-		-		-			30
Donated capital		-	-	-	1,950	-	1,950
Common stock issued for cash, October 31, 2007, at $0.01 per share			800,000				8		7,992		-		-			8,000
Net loss for the period		-		-	-	(1,088)	(1,088)
Donated capital			-				-		-		1,950		-			1,950
Balance, December 31, 2007		3,800,000	38	7,992	1,950	(1,088)	8,892
Net loss for the period			-						-		-		(1,088	)		(1,088	)
Net loss for the year		-	-	-	-	(16,643)	(16,643)
Balance, December 31, 2007			3,800,000				38		7,992		1,950		(1,088	)		8,892
Balance, December 31, 2008		3,800,000	38	7,992	1,950	(17,731)	(7,751)
Net loss for the year			-				-		-		-		(16,643	)		(16,643	)
Net loss for the year		-	-	-	-	(18,881)	(18,881)
Balance, December 31, 2008			3,800,000				38		7,992		1,950		(17,731	)		(7,751	)
Balance, December 31, 2009		3,800,000	38	7,992	1,950	(36,612)	(26,632)
Net loss for the year			-				-		-		-		(18,881	)		(18,881	)
Net loss for the period		-	-	-	-	(6,898)	(6,898)
Balance, December 31, 2009			3,800,000				38		7,992		1,950		(36,612	)		(26,632	)
Balance, March 31, 2010		3,800,000	38	7,992	1,950	(43,510)	(33,530)
Net loss for the period			-				-		-		-		(10,831	)		(10,831	)
Balance, June 30, 2010			3,800,000				38		7,992		1,950		(47,443	)		(37,463	)

F-3

See accompanying Notes

-5-

Cormac Mining Inc.
(an Exploration Stage Company)
Statements of Cash Flows
(Unaudited)
									January 17, 2007
		Three Months Ended							(Inception) to
				Six Months Ended					(Inception) to
		March 31,			March 31,				March 31,
				June 30,			June 30,		June 30,
		~~2010~~		2010	~~2009~~		2009		2010
From (used in):
~~Operating activities~~	Operating activities
~~Net loss for the period~~		$Net loss for the period	~~(6,898~~$	(10,831)	$	~~(10,164~~	(11,579)	$	$(47,443)	~~(43,510~~	)
~~Items not requiring cash outlay:~~		Items not requiring cash outlay:
- Donated office expenses			-			-				194
		-Donated office expenses		-			-		194
~~Non-cash working capital items:~~		Non-cash working capital items:
- Accounts payable and accrued liabilities			3,860			4,383				6,787
		-Accounts payable and accrued liabilities		5,906			4,823		8,833
~~Net cash used in operating activities~~	Net cash used in operating activities		~~(3,038~~	(4,925)		~~(5,781~~	(6,756)		(38,416)	~~(36,529~~	)
~~Investing activities~~	Investing activities
~~Mineral property acquisition costs~~		Mineral property acquisition costs	-	-		-	-		(1,088)	~~(1,088~~	)
~~Financing activities~~	Financing activities
~~Share capital~~		Share capital	-	-		-	-		8,030	~~8,030~~
~~Deferred offering costs~~		Deferred offering costs	-	(6,174)		-	(4,110)		(34,751)	~~(28,577~~	)
~~Advances from related parties~~		Advances from related parties	~~3,000~~	11,000		~~9,500~~	11,680		67,481	~~59,481~~
~~Net cash provided by financing activities~~	Net cash provided by financing activities		~~3,000~~	4,824		~~9,500~~	7,570		40,760	~~38,934~~
Changes in cash and cash equivalents			~~(38~~	(99)		~~3,719~~	814		1,256	~~1,317~~
Cash and cash equivalents, beginning of year			1,355			61				-
	Cash and cash equivalents, beginning of period			1,355			61		-
Cash and cash equivalents, end of year		$	1,317		$	3,780			$	1,317
Cash and cash equivalents, end of period			$	1,256			875	$	1,256
Supplemental cash flow information:
Cash paid for interest		$	-$	-	$	-	-	$	$-	-
Cash paid for taxes		$	-$	-	$	-	-	$	$-	-
Cash paid for foreign exchange		$	-$	(9)	$	-	(70)	$	$(79)	~~(70~~	)
Supplemental disclosure of non-cash investing and financing activities:
Donation of mineral property		$	-$	-	$	-	-	$	$1,756	~~1,756~~

F-4

See accompanying Notes

-6-

Cormac Mining Inc.

(An Exploration Stage Company)

Notes to the Interim Financial Statements

~~March~~June 3130, 2010

(Unaudited)

1. Interim Reporting

The accompanying unaudited interim financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information. They do not include all information and footnotes required by generally accepted accounting principles for complete financial statements. However, except as disclosed herein, there have been no material changes in the information disclosed in the notes to the financial statements for the year ended December 31, 2009 included in the Company’s Form 10-K filed with the Securities and Exchange Commission; the interim unaudited financial statements should be read in conjunction with those financial statements. In the opinion of Management, all adjustments considered necessary for a fair presentation, consisting solely of normal, recurring adjustments, have been made. Operating results for the ~~three~~six months ended ~~March~~June 3130, 2010 are not necessarily indicative of the results that may be expected for the year ending December 31, 2010.

2. Nature and Continuance of Operations

Cormac Mining Inc. (“Cormac” or the “Company”) was incorporated January 17, 2007 under laws of Nevada. The Company is an exploration stage company engaged in the exploration for and development of base and precious metals. It holds an interest in an exploration property in British Columbia, Canada, and has not yet determined whether the property contains ore reserves which are economically recoverable.

The Company’ operations are in the exploration stage and it has not yet generated any revenue. The Company has limited cash resources and will likely require new financing, either through issuing shares or debt to continue the development of its business. Management intends to offer for sale additional common stock, however, there can be no assurance that it will be successful in raising the funds necessary to maintain operations, or that a self-supporting level of operations will ever be achieved. The likely outcome of these future events is indeterminable. These factors together raise substantial doubt about its ability to continue as a going concern. The financial statements do not include any adjustment to reflect the possible future effect on the recoverability and classification of the assets or the amounts and classification of liabilities that may result from the outcome of this uncertainty.

3. Significant Accounting Policies

There have been no changes in accounting policies from those disclosed in the notes to the audited financial statements asfor at December 31, 2009.

Fair Value of Financial Instruments

The carrying amounts for cash, accounts payable and accrued liabilities and loans payable to related parties approximate their fair value due to their short term nature.

Recently Issued Accounting Pronouncements

Recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force), the AICPA, and the SEC did not, or are not believed by management to, have a material impact on our present or future financial statements.

F-5

-7-

Cormac Mining Inc.

(An Exploration Stage Company)

Notes to the Interim Financial Statements

March 31, 2010

(Unaudited)

3. Significant Accounting Policies (Continued)

Recent Accounting Pronouncements

In October 2009, the FASB has published ASU 2009-13, “Revenue Recognition (Topic 605)-Multiple Deliverable Revenue Arrangements”, which addresses the accounting for multiple-deliverable arrangements to enable vendors to account for products or services (deliverables) separately rather than as a combined unit. Specifically, this guidance amends the criteria in Subtopic 605-25, “Revenue Recognition-Multiple-Element Arrangements”, for separating consideration in multiple-deliverable arrangements. This guidance establishes a selling price hierarchy for determining the selling price of a deliverable, which is based on: (a) vendor-specific objective evidence; (b) third-party evidence; or (c) estimates. This guidance also eliminates the residual method of allocation and requires that arrangement consideration be allocated at the inception of the arrangement to all deliverables using the relative selling price method and also requires expanded disclosures. The guidance in this update is effective prospectively for revenue arrangements entered into or materially modified in fiscal years beginning on or after June 15, 2010. Early adoption is permitted. The adoption of this standard is not expected to have a material impact on the Company’s financial position and results of operations.

Other recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force), the AICPA, and the SEC did not, or are not believed by management to, have a material impact on our present or future financial statements.

4. Capital Stock

The Company’s ~~intends~~common tostock ~~offer~~is ~~for~~not ~~sale~~subject into ~~the immediate future between 1~~warrants,~~000,000~~ ~~and~~agreements ~~2,000,000~~or ~~common~~options ~~stock~~ at anJune ~~offering~~30, ~~price of $0~~2010.~~05 per share.~~

The Company’s common stock is not subject to warrants, agreements or options at March 31, 2010.

5. Subsequent Event

In April of 2010 a shareholder advanced an additional $US8,000 to the Company. The advance is non-interest bearing, unsecured and repayable at the discretion of the Company.

F-6

-8-

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.

This section of this report includes a number of forward-looking statements that reflect our current views with respect to future events and financial performance. Forward-looking statements are often identified by words like: believe, expect, estimate, anticipate, intend, project and similar expressions, or words which, by their nature, refer to future events. You should not place undue certainty on these forward-looking statements, which apply only as of the date of this report. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or our predictions.

Plan of Operation

We are a start-up, exploration stage corporation and have not yet generated or realized any revenues from our business operations.

Our auditors have issued a going concern opinion. This means that there is substantial doubt that we can continue as an on-going business for the next twelve months unless we obtain additional capital to pay our bills. This is because we have not generated any revenues and no revenues are anticipated until we begin removing and selling minerals. There is no assurance we will ever reach this point. Accordingly, we must raise cash from sources other than the sale of minerals found on the property. That cash must be raised from other sources. Our only other source for cash at this time is investments by others. We must raise cash to implement our project and stay in business. If we raise the minimum amount of money in our public offering, we believe it will last twelve months.

We will be conducting research in the form of exploration on the property. Our exploration program is explained in as much detail as possible in our prospectus. We are not going to buy or sell any plant or significant equipment during the next twelve months.

Our exploration target is to find an ore body containing gold. Our success depends upon finding mineralized material. This includes a determination by our consultant if the property contains reserves. We have not selected a consultant as of the date of this report and will not do so until our public offering is successfully completed, if that occurs, of which there is no assurance. Mineralized material is a mineralized body, which has been delineated by appropriate spaced drilling or underground sampling to support sufficient tonnage and average grade of metals to justify removal. If we don’t find mineralized material or we cannot remove mineralized material, either because we do not have the money to do it or because it is not economically feasible to do it, we will cease operations and you will lose your investment.

If we raise the minimum amount, we will have enough money to complete our exploration programs.

We must conduct exploration to determine what amount of minerals, if any, exist on our properties and if any minerals which are found can be economically extracted and profitably processed.

-9-

The property is undeveloped raw land. Exploration and surveying has not been initiated and will not be initiated until we raise money from our public offering. That is because we do not have money to start exploration. Once our public offering is concluded, we intend to start exploration operations. To our knowledge, the property has never been mined. The only events that have occurred was registering the property by W.G. Timmins and a physical examination of the property by Mr. Brian Roberts, our president and director. The cost of registering the claim was included in the $1,756 paid by Mr. Roberts to W.G. Timmins. No additional payments were made or are due to Mr. Timmins for his services. The claim was recorded in Mr. Roberts’s name to avoid incurring additional costs at this time. The additional fees would be for incorporation of a British Columbia corporation and legal and accounting fees related to the incorporation. In January 2007, Mr. Roberts executed a declaration of trust acknowledging that he holds the property in trust for us and he will not deal with the property in any way, except to transfer the property to us. In the event that Mr. Roberts transfers title to a third party, the declaration of trust will be used as evidence that he breached his fiduciary duty to us. Mr. Roberts has not provided us with a signed or executed bill of sale in our favor. Mr. Roberts will issue a bill of sale to a subsidiary corporation to be formed by us should mineralized material be discovered on the property. Mineralized material is a mineralized body, which has been delineated by appropriate spaced drilling or underground sampling to support sufficient tonnage and average grade of metals to justify removal before minerals retrieval can begin, we must explore for and find mineralized material. After that has occurred we have to determine if it is economically feasible to remove the mineralized material. Economically feasible means that the costs associated with the removal of the mineralized material will not exceed the price at which we can sell the mineralized material. We can predict what that will be until we find mineralized material. Mr. Roberts does not have a right to sell the property to anyone. He may only transfer the property to us. He may not demand payment for the claim when he transfers them to us. Further, Mr. Roberts does not have the right to sell the claim at a profit to us if mineralized material is discovered on the property. Mr. Roberts must transfer title to us, without payment of any kind, regardless of what is or is not discovered on the property.

We do not know if we will find mineralized material. We believe that activities occurring on adjoining properties are not material to our activities. The reason is that what ever is located under adjoining property may or may not be located under the property.

We do not claim to have any minerals or reserves whatsoever at this time on any of the property.

We intend to implement a two phase exploration program. Phase 1 will consist of geochemical rockchip sampling including a petrographic study. Phase 2 will consist of either a VLF of approximately 10 lines at 100m spacing or an IP survey of approximately 4 lines at 800m spacing to investigate the property as such depth. The samples will be tested to determine if mineralized material is located on the property. Based on the tests, we will determine if we terminate operations or proceed with additional exploration of the property. The proceeds from our public offering are designed to fund the costs of Phase 1 and Phase 2 of our exploration program, including sampling and testing. We intend to take our rockchip samples to analytical chemists, geochemists and registered assayers located in Vancouver, British Columbia. We have not selected any of the foregoing as of the date of this report. We will only make the selections in the event we raise the minimum amount through our public offering.

We estimate the cost of the geochemical rockchip sampling including assaying and the petrographic study to be $7,000. The VLF will cost $5,000 and the IP will cost $13,000. Where we raise the minimum or the maximum amount of money, we intend to implement both Phase 1 and Phase 2 of the exploration program. We will begin exploration activity 90 days after we complete our public offering, weather permitting.

We do not intend to interest other companies in the property if we find mineralized materials. We intend to try to develop the reserves ourselves through the use of consultants. We have no plans to interest other companies in the property if we find mineralized material. To pay the consultant and develop the reserves, we will have to raise additional funds through a second public offering, a private placement or through loans. As of the date of this report, we have no plans to raise additional funds other than the funds being raised in our public offering. Further, there is no assurance we will be able to raise any additional funds even if we discover mineralized material and a have a defined ore body.

-10-

We do not intend to hire additional employees at this time. All of the work on the property will be conduct by unaffiliated independent contractors that we will hire. The independent contractors will be responsible for surveying, geology, engineering, exploration, and excavation. The geologists will evaluate the information derived from the exploration and excavation and the engineers will advise us on the economic feasibility of removing the mineralized material.

Milestones

The following are our milestones:

	1.	0-90 days after completion of our public offering, retain our consultant to manage the exploration of the property. Cost - $2,500 to $5,000. Time of retention 0-90 days. To carry out this milestone, we must hire a consultant. There are a number of mining consultants located in Vancouver, British Columbia that we intend to interview.

	2.	90-180 days after completion of our public offering. - Phase 1 which will consist of geochemical rockchip sampling including petrographic study. We estimate the cost of the geochemical rockchip sampling including assaying and the petrographic study to be $7,000.

	3.	180-210 days after completion of our public offering. - Phase 2 which will consist of either a VLF or approximately 10 lines at 100m spacing or an IP survey of approximately 4 lines at 800m spacing to investigate the property depth. We estimate the cost of the VLF to be $5,000 and the cost of the IP to be $13,000.

	4.	210-270 days after completion of our public offering. Based upon the test from Phase 1 and Phase 2 of the program, Mr. Roberts will confer with the consultant to determine if we will terminate operations or proceed with additional exploration of the property.

The cost of the subcontractors is included in cost of the exploration services to be performed as set forth in the Use of Proceeds section and the Business section of our prospectus. All funds for the foregoing activities will be obtained from our public offering.

Limited Operating History; Need for Additional Capital

There is no historical financial information about us upon which to base an evaluation of our performance. We are an exploration stage corporation and have not generated any revenues from operations. We cannot guarantee we will be successful in our business operations. Our business is subject to risks inherent in the establishment of a new business enterprise, including limited capital resources, possible delays in the exploration of our properties, and possible cost overruns due to price and cost increases in services.

To become profitable and competitive, we conduct into the research and exploration of our properties before we start production of any minerals we may find. We are seeking equity financing to provide for the capital required to implement our research and exploration phases. We believe that the funds raised from our public offering, whether it be the minimum amount or the maximum amount, will allow us to operate for one year.

-11-

We have no assurance that future financing will be available to us on acceptable terms. If financing is not available on satisfactory terms, we may be unable to continue, develop or expand our operations. Equity financing could result in additional dilution to existing shareholders.

Liquidity and Capital Resources

To meet our need for cash we are attempting to raise money from our public offering. We cannot guarantee that we will be able to raise enough money through our public offering to stay in business. Whatever money we do raise, will be applied to the items set forth in the Use of Proceeds section of our prospectus. If we find mineralized material and it is economically feasible to remove the mineralized material, we will attempt to raise additional money through a subsequent private placement, public offering or through loans.

Brian Roberts has agreed to advance funds as needed until the public offering is completed or failed and has agreed to pay the cost of reclamation of the property should mineralized material not be found thereon. The foregoing agreement is oral; there is nothing in writing to evidence the same. While Mr. Roberts has agreed to advance the funds, the agreement is unenforceable as a matter of law, since there is no consideration for the same. At the present time, we have not made any arrangements to raise additional cash, other than through this offering. If we need additional cash and can't raise it we will either have to suspend operations until we do raise the cash, or cease operations entirely. Whether we raise the minimum amount or maximum amount, it will last a year. Other than as described in this paragraph, we have no other financing plans.

We acquired the right to explore one property which consists of one claim containing 12 cells comprising of a total of 616 acres. The property is registered and we will begin our exploration plan upon completion of our public offering. We expect to start exploration operations within 90 days of completing our public offering. As of the date of this report we have yet to begin operations and therefore we have yet to generate any revenues.

Since inception, we have issued 3,800,000 shares of our common stock and received $8,030.

As of the date of this report, we have yet to begin operations and therefore have not generated any revenues.

In January 2007, we issued 2,000,000 shares of common stock to Brian Roberts, our sole officer and director and 1,000,000 shares of common stock to Peter Hill our former treasurer, principal financial officer, principal accounting officer and a member of the board of directors. Mr. Hill died on January 9, 2009. The shares of common stock were issued pursuant to the exemption from registration contained in Regulation S of the Securities Act of 1933. In October 2007 we issued 800,000 shares of common stock to four individuals pursuant to the exemption from registration contained in Regulation S of the Securities Act of 1933. The purchase price of the shares was $8,030.00. Mr. Roberts paid in $20 and Mr. Hill paid in $10. Each of the other four shareholders paid $2,000.00 for his 200,000 shares of common stock. This was accounted for as an acquisition of shares. Since inception of the Company on January 17, 2007 up until December 31, 2009, Mr. Brian Roberts and Peter Hill advanced $12,000 and two shareholders advanced $55,481 to cover our costs for incorporation, accounting and legal fees and donated mineral property and other expenses for a total of $1,756 and $194 respectively. Fees to Mr. Timmins were paid by Mr. Roberts. The amount owed to Mr. Roberts and the Estate of Peter Hill is non-interest bearing, unsecured and due on demand. The amount owed to the two shareholders is non-interest bearing, unsecured and repayable at the discretion of the Company. Further the agreement with Mr. Roberts was oral and there is no written document evidencing the agreement.

In January 2007, we issued 2,000,000 shares of common stock to Brian Roberts, our sole officer and director and 1,000,000 shares of common stock to Peter Hill our former treasurer, principal financial officer, principal accounting officer and a member of the board of directors. Mr. Hill died on January 9, 2009. The shares of common stock were issued pursuant to the exemption from registration contained in Regulation S of the Securities Act of 1933. In October 2007 we issued 800,000 shares of common stock to four individuals pursuant to the exemption from registration contained in Regulation S of the Securities Act of 1933. The purchase price of the shares was $8,030.00. Mr. Roberts paid in $20 and Mr. Hill paid in $10. Each of the other four shareholders paid $2,000.00 for his 200,000 shares of common stock. This was accounted for as an acquisition of shares. Since inception of the Company on January 17, 2007 up until December 31, 2009, Mr. Brian Roberts and Peter Hill advanced $-12,000 and two shareholders advanced $44,481 to cover our costs for incorporation, accounting and legal fees and donated mineral property and other expenses for a total of $1,756 and $194 respectively. Fees to Mr. Timmins were paid by Mr. Roberts. The amount owed to Mr. Roberts and the Estate of Peter Hill is non-interest bearing, unsecured and due on demand. The amount owed to the two shareholders is non-interest bearing, unsecured and repayable at the discretion of the Company. Further the agreement with Mr. Roberts was oral and there is no written document evidencing the agreement.

As of ~~March~~June 3130, 2010 our total assets were $3238,~~738~~851 consisting of cash, mineral properties, and deferred offering costs. Our total liabilities were $6676,~~268~~314.

ITEM 3.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

ITEM 4.

CONTROLS AND PROCEDURES.

Disclosure Controls and Procedures

Under the supervision and with the participation of our management, including the Principal Executive Officer and Principal Financial Officer, we have evaluated the effectiveness of our disclosure controls and procedures as required by Exchange Act Rule 13a-15(b) as of the end of the period covered by this report. Based on that evaluation, the Principal Executive Officer and Principal Financial Officer have concluded that our Disclosures Controls and Procedures were not effective as of the end of the period covered by this report. Due to limited resources there is a lack of segregation of duties in financial reporting and, further a lack of expertise relating to complex financial reporting issues.

Internal Control Over Financial Reporting

Management is responsible for establishing and maintaining adequate internal control over financial reporting as such term is defined in Exchange Act Rule 13a -15(f). The Company’s internal control over financial reporting is a process designed 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.

Because of the inherent limitations due to, for example, the potential for human error or circumvention of controls, 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 policies or procedures may deteriorate.

Management conducted an evaluation of the effectiveness of our internal control over financial reporting based on the framework in Internal Control – Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission.

Based on this evaluation, management concluded that the Company’s internal control over financial reporting was not effective as of ~~March~~June 3130, 2010. The material weakness identified included:

* Lack of segregation of duties

* Lack of expertise relating to complex financial reporting issues

-13-

These weaknesses may result in a more than remote likelihood that a material misstatement would not be prevented or detected.

The foregoing material weaknesses were identified on March 24, 2009 by our auditor, I Vellmer Inc. The material weaknesses first began on January 9, 2009. There is no current plan to remediate the weaknesses and there were no costs incurred.

Changes in Internal Control Over Financial Reporting

There were no changes in our internal control over financial reporting during the quarter ended ~~March~~June 3130, 2010 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

PART II. OTHER INFORMATION

ITEM 1A. RISK FACTORS

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

ITEM 2. CHANGES IN SECURITIES AND USE OF PROCEEDS.

On September 18, 2008 the SEC declared our Form S-1 registration statement effective (SEC File No 333-153140) allowing us to sell 1,000,000 shares of common stock minimum, 2,000,000 shares common stock maximum at an offering price of $0.05 per share. There is no underwriter involved in our public offering. As of the date of this report, we have not sold any shares of common stock. As a result of the death of Peter Hill, our former treasurer, principal financial officer, principal accounting officer and a member of the board of directors, we filed a post-effective amendment to our Form S-1 registration statement. The post-effective amendment was declared effective by the SEC on August 4, 2009. On April 29, 2010 we filed a second post effective amendment to the registration statement which ~~has~~was ~~not been~~ declared effective asby of the ~~date~~SEC ofon ~~this~~June ~~report~~3, 2010.

~~ITEM 5. OTHER INFORMATION~~-14-

On April 22, 2010 we appointed Locke B. Goldsmith as our Vice President. Mr. Goldsmith has been a consulting geologist, and has been active in mining exploration since 1958.

We failed to report the foregoing on a Form 8-K within 4 business days and accordingly are reporting the same herein.

ITEM 6. EXHIBITS.

The following documents are included herein:

Exhibit No.	Document Description
31.1	Certification of Principal Executive Officer pursuant Section 302 of the Sarbanes-Oxley Act of 2002.

32.1	Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following person on behalf of the Registrant and in the capacities on this ~~17th~~ 13th day of ~~May~~August, 2010.

	CORMAC MINING INC.


	BY:	BRIAN ROBERTS
		Brian Roberts, President and Principal Executive Officer, Principal Accounting Officer, Principal Financial Officer, Secretary/Treasurer and sole member of the Board of Directors

-15-

EXHIBIT INDEX
Exhibit No.	Document Description
31.1	Certification of Principal Executive Officer pursuant to Section 302 ~~ofthe~~of the Sarbanes-Oxley Act of 2002
32.1	Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

-16-

Filing Compare · Cormac Mining Inc.