UNITED ~~STATES~~STATESSECURITIES ~~SECURITIES~~ AND EXCHANGE ~~COMMISSION Washington~~COMMISSIONWashington, D.C. ~~20549~~ 20549

FORM 10-K

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

For the fiscal year ended September 30, ~~2009~~ 2010

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

For the transition period from ~~______________~~_____________ to ______________

~~Commission~~PURE ~~File~~MINERALS, NoINC.: (Exact name ~~000-52885~~of registrant as specified in its charter)

PURE PHARMACEUTICALS ~~CORPORATION~~ ~~Exact~~CORP.(Former name of ~~Registrant as specified~~ ~~in its charter~~ registrant)

Nevada	45000-~~0476087~~52885	45-0476087
State or other jurisdiction of	I.R.S. Employer Identification No.
(State or other jurisdiction	(Commission File Number)	(IRS Employer Identification No.)
incorporation or organization
of incorporation)

P.O. Box 55, 1594 Stone Mill Park, Bellona, NY 14415 (Address of Principal Executive Offices, including ZIP Code)

1200 McGill College Avenue, Suite 2050,
Montreal, Quebec, Canada	H3B 4G7
(Address of principal executive offices)	(Zip Code)

Registrant'’s ~~Telephone~~telephone ~~Number~~number, ~~Including~~including ~~Area~~area ~~Code~~code: (~~315~~514) ~~849~~ 397-~~2822~~2683 P.O. Box 55, 1594 Stone Mill Park, Bellona, New York 14415(Former name or former address, if changed since last report.)

Securities Registered Pursuant to Section 12(b) of the Act: None

Name of Each Exchange on Which Registered: None

Securities Registered Pursuant to Section 12(g) of the Act:

Common Stock, $0.001 Par ~~Value~~ValueTitle ~~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 [ ] No [X] x ]

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 [ ] No [X x ]

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. Yes [X] No [ ]

Indicate by check mark ifwhether ~~disclosure~~the registrant of(1) ~~delinquent~~has ~~filers pursuant~~filed all reports required to ~~Item~~be ~~405~~filed ofby ~~Regulation~~Section ~~S-K~~13 or 15(~~§229.405~~d) of isthe ~~not~~Securities ~~contained~~Exchange ~~herein, and~~Act ~~will~~of ~~not~~1934 beduring ~~contained,~~the topreceding ~~the~~12 ~~best~~months (or ~~registrant’s~~for such ~~knowledge,~~shorter inperiod ~~definitive proxy~~that orthe ~~information~~registrant ~~statements~~was ~~incorporated~~required byto ~~reference~~file insuch ~~Part~~reports), ~~III of~~and ~~this~~(2) ~~Form~~has ~~10-K~~been orsubject ~~any~~to ~~amendment~~such tofiling ~~this~~requirements ~~Form~~for ~~10-K~~the past 90 days. Yes [X x ]No [ ]

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§229.405) is not contained herein, and will not be contained, to the best or 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.[ 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” 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 x ] (Do not check if smaller reporting company)

~~(Do~~Indicate ~~not~~by check ifmark ~~smaller~~whether ~~reporting~~the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes [ x ]No [ ]

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

The Registrant's revenue for the fiscal year ended September 30, 2009 was $8,310.

As of January 1412, ~~2009~~2011, the aggregate market value of the shares of common stock held by non-affiliates of the Registrant issued and outstanding on such date was approximately $130,000 based on the price that the shares of common stock were sold to such non-affiliates.

As of January 1412, ~~2009~~2011, the Registrant had 12,600,000 shares of common stock, $0.001 par value, outstanding. Effective as of January 17, 2011, as a result of a one for 84 reverse stock split, the number of shares of common stock will be 150,000 shares.

TABLE OF CONTENTS

		Page
Item 1.	Business	3
Item 1A.	Risk Factors	17
Item 1B.	Unresolved Staff Comments	27
Item 2.	Properties	27
Item 3.	Legal Proceedings	27
Item 4.	Submission of Matters to a Vote of Security Holders	27
Item 5.	Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities	28
Item 6.	Selected Financial Data	29
Item 7.	Management's Discussion and Analysis or Plan of Operation	29
Item 8.	Financial Statements and Supplementary Data	31
Item 9.	Changes In and Disagreements with Accountants on Accounting and Financial Disclosure	42
Item 9A.	Controls and Procedures	42
Item 9A(T).	Controls and Procedures	42
Item 9B.	Other Information	42
Item 10.	Directors, Executive Officers and Corporate Governance	42
Item 11.	Executive Compensation	44
Item 12.	Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters	45
Item 13.	Certain Relationships and Related Transactions, and Director Independence	45
Item 14.	Exhibits and Financial Statements Schedules	46
Item 15.	Principal Accountant Fees and Services	47
	Signatures	47

~~ITEM~~TABLE 1.OF ~~BUSINESS.~~CONTENTS

Forward Looking Statements.

		Page
Item 1.	Business	4
Item 1A.	Risk Factors	8
Item 1B.	Unresolved Staff Comments	10
Item 2.	Properties	10
Item 3.	Legal Proceedings	10
Item 4.	Submission of Matters to a Vote of Security Holders	10
Item 5.	Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities	11
Item 6.	Selected Financial Data	11
Item 7.	Management's Discussion and Analysis or Plan of Operation	11
Item 8.	Financial Statements and Supplementary Data	13
Item 9.	Changes In and Disagreements with Accountants on Accounting and Financial Disclosure	24
Item 9A.	Controls and Procedures	24
Item 9A(T).	Controls and Procedures	24
Item 9B.	Other Information	24
Item 10.	Directors, Executive Officers and Corporate Governance	24
Item 11.	Executive Compensation	26

This Annual Report on Form 10-K contains forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect management's current views and expectations with respect to its business, strategies, products, future results and events and financial performance. All statements made in this Annual Report other than statements of historical fact, including statements that address operating performance, events or developments that management expects or anticipates will or may occur in the future, including statements related to distributor channels, volume growth, revenues, profitability, new products, adequacy of funds from operations, statements expressing general optimism about future operating results and non-historical information, are forward-looking statements. In particular, the words "believe," "expect," "intend," "anticipate," "estimate," "may," "will," variations of such words, and similar expressions, identify forward-looking statements, but are not the exclusive means of identifying such statements, and their absence does not mean that the statement is not forward-looking. These forward-looking statements are subject to certain risks and uncertainties, including those discussed below. Our actual results, performance or achievements could differ materially from historical results as well as those expressed in, anticipated or implied by these forward-looking statements. We do not undertake any obligation to revise these forward-looking statements to reflect any future events or circumstances.

Item 12.	Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters	26
Item 13.	Certain Relationships and Related Transactions, and Director Independence	27
Item 14.	Exhibits and Financial Statements Schedules	27
Item 15.	Principal Accountant Fees and Services	28
	Signatures	28

Readers should not place undue reliance on these forward-looking statements, which are based on management's current expectations and projections about future events, are not guarantees of future performance, are subject to risks, uncertainties and assumptions (including those described below) and apply only as of the date of this Annual Report. Our actual results, performance or achievements could differ materially from the results expressed in, or implied by, these forward-looking statements. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. 4

InITEM ~~this Annual Report on Form 10-K, the terms "we," "us," "our," the "Company", and the "Registrant" refer to Pure Pharmaceuticals Corporation unless the context indicates otherwise~~1. BUSINESS.

~~Corporate~~Forward ~~History~~Looking Statements.

WeThis ~~were~~Annual ~~incorporated~~Report inon Form 10-K contains forward looking statements within the ~~State~~meaning of ~~Nevada~~the onPrivate ~~September~~Securities 24Litigation Reform Act of 1995. These statements reflect management's current views and expectations with respect to its business, strategies, products, future results and events and ~~2004~~financial performance. ~~Our~~All ~~principal~~statements ~~offices~~made ~~are~~in ~~located~~this atAnnual PReport other than statements of historical fact, including statements that address operating performance, events or developments that management expects or anticipates will or may occur in the future, including statements related to distributor channels, volume growth, revenues, profitability, new products, adequacy of funds from operations, statements expressing general optimism about future operating results and non-historical information, are forward-looking statements.O. ~~Box~~In 55particular, ~~1594~~the ~~Stone~~words ~~Mill~~"believe," ~~Park~~"expect," "intend," ~~Bellona~~"anticipate," NY"estimate," ~~14415~~"may," "will," variations of such words, and ~~our~~similar expressions, ~~telephone~~identify ~~number~~forward-looking statements, but are not the exclusive means of identifying such statements, and their absence does not mean that the statement is ~~315~~not forward-~~849~~looking. These forward-~~2822~~looking statements are subject to certain risks and uncertainties, including those discussed below. Our ~~resident~~actual results, ~~agent~~performance isor achievements could differ materially from historical ~~Computershare~~results ~~located~~as atwell ~~350~~as ~~Indiana~~those ~~Street~~expressed in, ~~Suite~~anticipated ~~750,~~or ~~Golden,~~implied ~~Colorado,~~by these ~~80401~~forward-looking statements. We do not undertake any obligation to revise these forward-looking statements to reflect any future events or circumstances.

~~General~~Readers ~~Overview~~should not place undue reliance on these forward-looking statements, which are based on management's current expectations and projections about future events, are not guarantees of future performance, are subject to risks, uncertainties and assumptions (including those described below) and apply only as of the date of this Annual Report. Our actual results, performance or achievements could differ materially from the results expressed in, or implied by, these forward-looking statements. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

~~The~~In ~~Company~~this ~~was~~Annual ~~formed~~Report in order to seek business opportunities in the area of expertise of the Company's principal stockholder, Mr. Roger Gordon, being biological and/or medical products for animal use. The Company operates in the field of generic animal health and nutrition products, specifically medicated feed additives (MFAs). Due the extraordinary circumstances facing the world economy in during the past two years, and it particular effects on ~~the~~Form ~~MFA industry~~10-K, ~~the~~ Company is focused on survival; and looking to capitalize upon any strategies to extract shareholder value whether corporately or operationally. The Company’s lack of funding has exacerbated its ability to pursue its business plan. To that end, the ~~Company~~terms ~~is exploring alternatives which alternatives may include the sale of the Company to others~~"we," ~~mergers~~"us, ~~or some other form of disposition.~~" ~~The Company entered into a non-binding letter of intent on July 21~~"our," ~~2009 which provided that~~ the "Company ~~may enter into a merger agreement or share exchange. The letter of intent expired on July 23~~", ~~2009~~ and, ~~as at~~ the ~~date~~"Registrant" ~~hereof,~~refer ~~a definitive~~to ~~agreement~~Pure ~~has~~Minerals ~~not yet been entered into~~Inc. ~~The Company continues to~~unless ~~explore~~the ~~this~~context ~~opportunity~~indicates ~~as well as others~~otherwise.

4Description of Business

~~MFAs~~ On ~~are~~June ~~used~~13, ~~preventively~~2010, ~~and~~Pure Pharmaceuticals ~~therapeutically~~Corp., ina ~~animal~~Nevada ~~feed~~corporation (the “Company”), entered into a toshare ~~prevent~~exchange ~~disease~~agreement ~~and~~(the ~~foster~~“Share ~~growth~~Exchange inAgreement”) ~~livestock~~with the shareholders of 7167415 Canada Inc (“7167415”). InPursuant ~~North~~to ~~America~~the Share Exchange Agreement, subject ~~90%~~to the satisfaction of a number of conditions, all ~~feed~~of tothe ~~animals~~outstanding shares ~~contain~~of ~~MFAs.~~7167415 ~~Our~~were ~~intended~~to ~~customers~~be ~~operate~~acquired inby the ~~poultry~~Company, with 71674105 continuing ~~swine~~as ~~and~~a ~~cattle~~wholly-owned ~~markets.~~subsidiary ~~The~~of the Company ~~has~~(the ~~focused~~“Share ~~its~~Exchange”). ~~efforts~~In connection onwith ~~generic~~the ~~MFAs~~Share Exchange, the Company agreed to acquire100% of the asoutstanding ~~they~~capital ~~have~~stock ~~come~~of ~~off~~7167415 ~~patent~~in exchange for preferred shares of a subsidiary of the Company exchangeable for 7,350,000 ~~therefore~~shares ~~making~~of ~~them~~the ~~more~~Company’s common ~~economical~~stock. Among the conditions to ~~register with~~the ~~requisite~~closing ~~regulators~~was 7167415 acquiring certain mining claims in the ~~United~~Belleterre ~~States~~region of Quebec. The parties expect that all of the conditions to closing of the Share Exchange Agreement will be satisfied in the next several days and ~~Canada,~~the ~~with~~parties awill ~~view~~proceed to ~~bringing~~close the Share Exchange. In connection with the ~~products~~Share Exchange the Company agreed to ~~market~~change its name to Pure Minerals, Inc.

We As ~~are~~a inresult of the ~~exploratory~~Share Exchange, ~~phase~~the stockholders of ~~identifying~~7167415 ~~generic~~control ~~MFAs~~approximately ~~that~~98% of the Company’s weoutstanding ~~intend~~common tostock, ~~test~~holding ~~and~~7,350,000 ~~register~~of ~~with~~the ~~regulatory~~7,500,000 ~~authorities~~outstanding ~~with~~shares (after agiving ~~view~~effect to ~~being granted~~ a ~~DIN~~84 orfor ~~similar~~one ~~authorization~~reverse tostock ~~market~~split), ~~such~~and ~~MFAs~~7167415 is considered the accounting acquirer in ~~North~~the ~~America~~Share Exchange. The Company was a “shell company” (~~henceforth,~~as ~~the~~such ~~identification~~term ~~process).~~is Asdefined ~~market~~in ~~dynamics~~Rule ~~continue~~12b-2 tounder ~~undergo~~the Securities ~~unparalleled~~Exchange ~~significant~~Act ~~systemic~~of ~~changes~~1934, ~~over~~as amended (the ~~past~~“Exchange ~~four~~Act”)) ~~years~~immediately ~~with~~prior to the ~~emergence~~Share ofExchange. ~~swine~~As ~~flu~~a ~~(H1N1)~~result ~~and~~of the ~~attendant~~Share ~~fall~~Exchange, the Company’s operations are now focused in ~~pork~~exploration ~~consumption~~for ~~worldwide~~minerals on the Company’s properties in Quebec, ~~management~~Canada. Consequently, the Company believes that the Share Exchange has caused ~~had~~the Company to ~~conduct~~cease ~~the~~being ~~identification~~a ~~process~~shell ~~with~~company ~~due~~as ~~deliberation~~it no longer has nominal operations.

As our operations are still in their infancy, the Company's activities to date have been primarily organizational in nature and as a result the Company must be considered to be in its developmental stage. The Company relies solely on the efforts of its management and director and has no employees, owns few business assets, technology or real estate and since inception has been primarily involved in developing its business plan, preliminarily identifying generic MFAs for registration, and raising initial and working capital. The Company is adopting a two-pronged approach to entering this market: 5

	1.	Marketing of Third-party Owned MFAs: The Company intends to market MFAs in North America and elsewhere whose DIN or similar authorization the Company has acquired from its third-party owner, either through outright assignment or a license.
	2.	Identification and Registration of Off-patent MFAs: This entails identifying, testing and registering the off-patent MFAs with a view to obtaining FDA approval for marketing the same in the United States or elsewhere.

In addition, pursuant to the Share Exchange Agreement, Roger Gordon submitted his resignation as an officer and director of the Company and Charlie Lee as Secretary and Principal Financial Officer of the Company, and Nicolas Matossian and Charles Buisson will be appointed to serve as members of the board of directors of the Company, all of which will be effective following the expiration of the ten day period following the mailing of the information statement required by Rule 14f-1 under the Exchange Act. Upon the consummation of the Share Exchange, Roger Gordon resigned as President and Chief Executive Officer, Nicolas Matossian was appointed to serve as Chief Executive Officer, President and Chief Financial Officer of the Company, and Joseph P. Galda was elected Corporate Secretary.

~~Marketing~~Pure Pharmaceuticals was incorporated in the State of ~~Third-~~Nevada ~~party~~on September ~~Owned~~24, ~~MFAs~~2004. ~~The~~Prior ~~Company~~to ~~is currently~~the ~~engaged~~transaction with 7167415, we were in the business ~~marketing~~ of ~~third-party~~seeking ~~owned~~business ~~MFAs.~~opportunities Inin ~~order~~the toarea ~~sell~~of aexpertise of the ~~particular~~Company's ~~MFA~~principal stockholder, weMr. ~~must~~Roger ~~have~~Gordon, ~~the~~being ~~right~~biological and/or medical ~~permission~~products tofor ~~sell~~animal ituse. ~~via~~The aCompany ~~DIN~~operated orin the field of generic ~~similar~~animal ~~authorization~~health and nutrition products, ~~depending~~specifically onmedicated ~~the~~feed ~~country~~additives (MFAs). WeDue ~~are~~the ~~also~~extraordinary circumstances facing the world economy in ~~regular~~2008, ~~discussions~~and ~~with~~its ~~third~~particular ~~parties~~effects ~~located~~on inthe ~~North~~MFA ~~America~~industry, ~~and~~the ~~Asia~~Company ~~who~~discontinued ~~own DINs~~its ~~and~~prior ~~are~~operations ~~interested~~and inbegan ~~licensing~~exploring ~~them~~its oroptions ~~entering~~for ~~into~~any ~~sales~~strategies ~~agency~~which ~~agreements~~will ~~for~~maximize ~~the~~shareholder ~~North~~value. ~~American~~As ~~marketplace.~~a ~~The~~result ~~Company~~of ~~currently~~this ~~has~~review, the ~~right~~Board determined to ~~market~~enter ~~Oxytetracycline~~into inthe ~~Canada~~Share ~~through~~Exchange aAgreement ~~licensing~~with ~~agreement~~the ~~with~~shareholders aof ~~related~~71674105. ~~party~~7167415 (was formed as a ~~company~~Canadian ~~owned~~Federally-incorporated bycompany ~~our~~on ~~director~~May 4, Mr2009. Our ~~Roger~~principal ~~Gordon)~~executive offices are located at 2050- 1200 McGill College Avenue, Montreal, Quebec, Canada H3B 4G7. Our telephone number is 514-397-2683.

~~MFA~~We ~~Country~~are ~~Ownership~~in the business of ~~DIN~~mineral (exploration and development. We have acquired or ~~similar~~entered ~~authorization)~~into ~~Oxytetracycline~~agreements ~~Canada~~to ~~Related-party~~acquire ~~owned~~54 ~~DIN~~mineral -claims ~~license~~in North ~~Agreement~~Western ~~with~~Quebec ~~Canadian~~covering ~~Life~~approximately ~~Sciences,~~7900 aacres ~~company~~in ~~owned~~the Temiscamingue region. These claims contain several mineralizations worthy of further exploration or of development. According to geological exploration previously done by prior owners on our ~~director~~claims, Mrseveral showings and anomalies indicate a potential for gold, platinum, uranium, nickel and rare earths. ~~Roger~~In ~~Gordon~~addition a number of kimberlitic pipes (diamond bearing) have been identified which warrant further work. Lastly, the Company’s claims contain a large diabase (granite deposit) reportedly containing up to 9 million cubic meters of black and compact granite (nero canadiensis). In May 2010, following preliminary research, 7167415 acquired an additional 15 claims, principally to cover the hinge of a major anomaly detected on our claims.

~~Oxytetracycline~~In isaddition, pursuant to a ~~synthetic~~claims ~~(man-made)~~transfer ~~antibiotic~~agreement, ~~used~~we have ~~broadly~~obtained ~~due~~the rights to ~~its~~20 ~~ability~~claims tocovering ~~prevent~~approximately ~~and~~4sq.kms ~~treat~~in athe ~~wide~~Eau ~~range~~Jaune Property of,located ~~bacterial infections.~~in Itthe iseastern ~~one~~part of the ~~mostly~~north ~~commonly~~polycyclic ~~used~~volcanic ~~veterinary~~zone ~~MFAs~~that joins intogether the ~~USA~~Matagami and Chibougamau mining camps in Quebec. The claims ~~the~~constitute ~~most~~approximately ~~commonly~~two ~~used~~thirds ~~veterinary~~of ~~MFA~~a inlarger ~~Canada~~parcel ~~(See~~that was subject to a ~~http://www.hc~~2007 technical report under Canada National Instrument 43-sc101.gc Over 10,000 meters of diamond drilling have been recorded on this property.~~ca/dhp-mps/consultation/vet/consultations/past-anterieures/residu/mrl-lmr_oxytetracycline_let_e.html).~~ Past exploration ~~Oxytetracycline~~work ishas ~~used~~demonstrated ~~for~~the ~~many~~presence ~~food~~of ~~producing~~gold ~~animals~~mineralization ~~including:~~such ~~breeder,~~as the Robinson ~~broiler~~showing. Historical drill core intersections with significant gold values and the ~~replacement~~recognition ~~chickens,~~on ~~layer~~several ~~hens,~~outcrops ~~turkeys,~~of ~~swine,~~shear ~~cattle,~~zone-hosted ~~bulls,~~quartz veins ~~calves,~~accompanied ~~sheep,~~by ~~lactating~~intense carbonate alteration and ~~dry~~gold ~~cows,~~values ~~heifers,~~suggest ~~lambs,~~that ~~lobsters,~~the area ~~salmonids,~~has ~~and~~the potential to host a more extensive gold bearing mineralizing ~~honey~~system. ~~bees~~There is continued activity on adjoining claims and in the immediate area. ~~Dispensed~~The ~~either~~Company byplans ~~mixing~~to ~~with~~undertake ~~feed~~a orprogram ~~injected,~~of itexploration ison ~~primarily~~its claims ~~used~~based ~~for:~~on an analysis of historical results and current outlook.

~~Improving~~Furthermore, ~~feed~~in ~~efficiency~~May of 2010, 7167415 entered into an option agreement to acquire up to 80% of a 21sq. km. set of claims, part of which have been previously explored by Shell Minerals. The results identified the presence of zinc, silver and ~~increased~~barite ~~rate~~in one anomaly. In June the Company initiated its exploration program on the property with a gravimetric study which covered the area near the Shell work. The initial results indicate up to 3 anomalies similar to the one drilled by Shell. The Company will carry out further gravimetric work and drilling on the detected anomalies to prove up the presence of ~~gain~~additional reserves and the existence of MVTs (Mississippi Valley Types).

~~Reduction~~An exploration program of ~~liver~~our ~~abscesses~~mineral claims is required before a final determination as to their viability can be made. The existence of commercially exploitable mineral deposits in our mineral claims is unknown at the present time and we will not be able to ascertain such information until we receive and evaluate the results of our exploration programs.

5 6

~~Treatment~~Properties of ~~Bacterial Enteritis (E. Coli)~~ 7167415

~~Prevention~~7167415 ~~and~~has ~~treatment~~acquired a 100% interest in two large sets of mineral ~~early~~claims ~~stages~~in the Province of ~~Shipping~~Quebec, ~~Fever~~Canada. 7167415 has not yet commissioned geological or technical reports on these properties and can give no data or other assurances regarding their value or exploration potential at this time. 7167415 plans to obtain independent reports regarding these properties in the near future. The following is a brief description of the Quebec properties and 7167415’s plans for conducting initial surveying and sampling on these claims:

~~Treatment~~Temiscamingue ofProperty ~~Bacterial Pneumonia~~ (~~P. multocida~~Belleterre)

~~Apart~~The ~~from~~Temiscamingue ~~the~~property ~~foregoing,~~is ~~the~~located ~~Company~~in ~~does~~northwest ~~not~~Quebec, ~~own any DINs or~~115 ~~similar~~kilometers ~~authorizations.~~south ~~There~~of isRouyn aNoranda ~~difference~~and ~~between~~six ~~owning~~kilometers asouth ~~DIN~~of ~~and having~~ the ~~right~~town ~~to use one~~of Belleterre. ~~Companies~~The ~~who~~project ~~register~~is ~~and~~accessible ~~own~~via ~~their~~regional ~~own~~and ~~DINs~~logging ~~(or~~roads. ~~similar~~Government ~~authorizations)~~regional dostream ~~not~~sediment survey have toidentified ~~pay~~many ~~licensing~~anomalies ~~fees~~in ~~and royalties to any third-party, but do have to bear~~ the ~~initial~~area. ~~R&D and other expenses related~~The toproperty ~~registration,~~is ~~which~~strategically ~~may~~located bebetween ~~substantial. On~~ the ~~other~~claims ~~hand,~~of ~~companies~~Superior ~~who~~Diamonds ~~license DINs~~ (oradjacent ~~similar~~to ~~authorizations~~the north) ~~from~~where ~~third-parties,~~new kimberlites have torecently ~~negotiate and~~been ~~agree~~discovered on and the ~~terms~~property of ~~use~~Aurizon ofMines ~~the~~(adjacent ~~third-party's~~to ~~DIN~~the ~~(or similar authorization~~south), which ~~may~~has bereported ~~restrictive,~~as ~~but~~much as do100 ~~not~~grams ~~have~~of togold ~~bear~~per ~~any~~ton ~~R&D~~during ~~or registration~~till ~~costs~~sampling aswith ~~these were likely already borne by~~ the ~~licensor.~~objective ~~The~~of ~~Company~~identifying isthe ~~employing,~~gold ~~among~~dispersion ~~other~~trains ~~things,~~previously ~~economic~~outlined. ~~sensitivity~~The ~~analysis~~Company tohas ~~determine~~acquired ~~the~~a ~~optimal~~100% ~~trade-off~~undivided ~~between~~interest ~~the~~of ~~benefits~~7900 ~~and~~acres ~~costs~~in ofthis ~~DIN~~mineral ~~(or~~rich ~~similar~~Temiscamingue ~~authorization) ownership~~region.

~~Identification~~The ~~and~~property ~~Registration~~is ofeight ~~Off-patent~~kilometers ~~MFAs.~~south ~~The process~~ of ~~identifying and registering generic MFAs with~~ the ~~FDA,~~Belleterre ~~otherwise~~Mine, ~~known as an abbreviated new drug application (ANADA) is~~ a ~~lengthy~~gold ~~one.~~mine ~~The~~that ~~ANADA process~~was ~~requires~~closed ~~significant~~in ~~financial~~1989 ~~resources~~due ~~and can take 24-36 months or longer~~ to ~~execute.~~a ~~However~~labor dispute, ~~there~~and ~~can~~is beexpected ~~no assurance that we are successful in~~to ~~obtaining~~reopen ~~such FDA approvals~~ in ~~the expected time period or at all~~2011.

The ~~Company~~following isillustration ~~currently~~sets inforth the ~~exploratory~~location ~~stage~~ of ~~identifying~~7167415’s ~~MFAs~~claims ~~whose patents have recently expired, qualifying them for potential generic status. While we have commenced this identification process~~ and ~~have~~the ~~sufficient funds~~activities ~~to meet our present expenses for preliminary analysis~~ of ~~the~~other ~~MFAs~~companies ~~that we~~known ~~have~~to so7167415’s ~~far~~management ~~identified, we will soon require additional financing~~ to ~~complete~~be aoperating comprehensive market due diligence of the identified MFAs, perform tests, obtain regulatory approvals and cover our administration expenses. Once market due diligence has been completed, we will begin the process of testing and registering the MFAs which have been identified with the FDA. Obtaining FDA approval is critical as it allows us to market the identified MFAs in the ~~United States, the world’s largest market for MFAs.~~region:

~~After~~Pleau we achieve FDA approval, we expect that production of our identified MFAs will commence as soon as practicable. The actual manufacture of the MFAs will likely be outsourced to third parties overseas as we believe that this is more cost-effective compared to domestic production given that labour costs are a primary component of the manufacturing process and ~~that~~Diamant ~~labour~~Lake ~~costs are generally substantially lower in Asia than in North America.~~ Property

~~We intend to market our products to feed mills and large animal producers after obtaining the requisite regulatory approvals.~~7

WeThe ~~have~~Pleau ~~thus~~and ~~far~~Diamant ~~preliminarily~~Lake ~~identified~~property ~~the~~claims ~~following~~consist ~~set~~ of 54 mining ~~MFAs~~titles ~~which~~covering ~~have~~3,387.2 ~~met~~hectares. ~~our~~The ~~initial~~property ~~identification~~is ~~criteria:~~located in the south-west portion of the SNRC-31M/07 grid. Since the original acquisition, additional claims have been acquired.

6With the addition of the 15 claims pending and the new claim necessary to register 7167415, the Pleau and Diamant lake property will consist of 69 mining titles covering 4,263.2 hectares, representing an addition of 876 hectares (8,76 km2) and it represent a 25% land increase. The property is located in south-west portion of the SNRC-31M/07 grid.

~~Preliminarily~~Eau ~~identified~~Jaune MFAs for Testing and Registration with the Food and Drug Administration (USA) and Health Canada (Canada) Carprofen Melengestrol Acetate Salinomycin Chloramphenicol Morantel Tartrate Salinomycin Sodium Chlortetracycline Neomycin Sulfate Spectinomycin Sulfate Clorsulon Nitarsone Sulfadimethoxine Sodium Dihydrostreptomycin Sulfate Oxfendazole Sulfamerazine Sodium Fenbendazole Oxytetracycline Sulfamethazine Florfenicol Oxytetracycline Hydrochloride Sulfaquinoxaline Flunixin Meglumine Penicillin G Potassium Sulfaquinoxaline Sodium Furazolidone Penicillin G Procaine Sulfathiazole Ivermectin Phenylbutazone Tetracycline Hydrochloride Levamisole Hydrochloride Praziquantel Zearalenone Levamisole Phosphate Pyrantel Pamoate Zeranol Lincomycin Hydrochloride Pyrantel TartrateProperty

The ~~Company~~Eau ~~intends~~Jaune toproperty ~~market~~is ~~MFAs~~located to25km ~~feed~~southwest ~~mills~~of Chibougamau, Quebec and ~~large animal~~is ~~producers~~readily ~~should~~accessible itby ~~obtain~~four ~~the~~wheel ~~required~~drive ~~regulatory~~pickup ~~approvals~~via ~~for the~~a ~~finally~~secondary ~~identified~~gravel ~~MFAs~~road. The ~~Company~~nearby ~~plans~~town toof ~~apply~~Chibougamau ~~for~~provides ~~its~~all ~~own~~amenities, including ~~DIN~~daily orscheduled ~~similar authorization~~flights to and from Montreal and mining/orexploration supplies. ~~seek~~A ~~same~~railroad ~~through~~connects ~~license~~the ~~agreements~~town orof ~~marketing~~Chapais nearby to the town of ~~arrangements~~Chibougamau ~~with~~and ~~established~~south ~~MFA~~to ~~suppliers~~Lac St-Jean.

~~Medicated~~The ~~Feed~~property ~~Additives~~has ~~(MFAs).~~been ~~Medicated~~the ~~feed~~subject of sporadic exploration since ~~additives~~the ~~are~~1950’s. ~~pharmaceuticals~~Exploration ~~that~~work, ~~are~~consisting ~~added~~of tomore than 10,000 metres of diamond drilling on the ~~feed~~property, has demonstrated the presence of ~~food~~gold ~~producing~~mineralization, ~~animals~~such toas ~~prevent~~the ~~and~~Robinson ~~treat~~showing. ~~diseases,~~Historical ~~promoting~~drill ~~healthy~~core ~~development~~intersections ~~and~~with ~~improving~~significant ~~food~~gold ~~quality~~values and ~~safety.~~the ~~Medicated~~recognition ~~feed~~on ~~additives~~several ~~include~~outcrops ~~antibiotics,~~of sheer ~~antibacterials,~~zone-hosted ~~anticoccidials~~quartz veins accompanied by intense carbonate alteration and ~~anthelminties.~~gold values suggest that the area has the potential to host a more extensive gold-bearing mineralization system.

~~The~~In ~~Company~~2008, iswork ~~concentrating~~carried ~~its efforts~~ on ~~MFA~~the ~~products~~property ~~which are antibiotics. Antibiotics are natural products produced~~ by ~~fermentation~~a ~~and may~~prior beowner ~~used to treat or to prevent diseases in food producing animals. Several~~included ~~factors~~linecutting, ~~may~~a ~~contribute~~complementary tomagnetic ~~the~~ground ~~ill health of livestock~~survey, ~~including~~a ~~poor~~geological ~~nutrition,~~mapping ~~environmental and management problems~~program, ~~heat~~an ~~stress~~inventory and ~~subclinical~~maintenance ~~disease, which~~of ~~may~~available bedrill ~~treated~~core, ora ~~prevented~~litho structural bystudy ~~the~~and ~~use~~a ofdrill ~~antibiotics.~~core ~~The~~re-examination ~~key~~and ~~benefits of antibiotics are:~~ sampling.

~~Prevention~~The ~~and~~Eaune ~~Treatment~~Jaune ofproperty ~~Disease:~~was ~~Antibiotics~~acquired ~~may~~in ~~be used~~December to2010 ~~build the immunity of animals to bacterial infection. When animals~~for ~~become ill~~$25,000 ~~antibiotics~~in ~~may~~cash beand ~~used~~50,000 toshares ~~reduce~~of ~~bacteria~~the soCompany’s ~~that~~common ~~their internal defences can build a tolerance and cure a particular ailment~~stock.

~~Infection~~Description ~~Control: Animals are susceptible to many infectious diseases like pneumonia. When one animal becomes ill, antibiotics may be used to protect the rest~~ of ~~the~~Exploration ~~herd or flock from illness. Containment of an illness may be impractical and not economical as every animal must be tested to see if they have been infected.~~ Program

~~Optimization~~There ofare ~~Health:~~two ~~Antibiotics~~simultaneous ~~may~~phases beto ~~used~~7167415’s toproposed ~~destroy~~exploration ~~undesirable~~program; ~~bacteria,~~firstly ~~caused~~7167415 ~~naturally~~will bydelineate the extent and quality of the granite dyke (diabase) with a ~~grain-based~~view ~~diet,~~to indetermine its economic and commercial feasibility. 7167415 has engaged an independent geologist to prepare a reserve ~~animal's~~report ~~stomach~~for the diabase. ~~This~~There ~~helps~~are ~~animals~~several ~~digest~~operating ~~their~~and ~~food~~marketing ~~more~~avenues ~~efficiently,~~open ~~allowing~~in ~~them~~the conventional quarrying and cutting of blocks. To that effect 7167415 will seek to ~~grow~~ally ~~faster~~itself aswith ~~their~~one ~~nutrient~~or ~~intake~~more ismajor ~~optimized.~~operator / marketer by way of a joint venture or other supply/operating arrangements.

~~Antibiotics~~In ~~must~~its beother ~~delivered~~phase, in7167415 ~~accordance~~will ~~with~~retain ~~approved~~the ~~FDA~~services of ~~procedures~~independent ~~and~~geologists ~~label~~to ~~directions,~~prepare ~~which~~a ~~provide~~proposal ~~the~~for ~~user~~exploration ~~with~~work ~~instructions~~and ~~for~~costing out of the ~~proper~~exploration ~~delivery~~work ofprogram. The exploration program will extend to the further ~~antibiotic~~work ~~such~~required asfor a better assessment of the ~~dosage~~Kimberlites, ~~duration~~the gold, platinum and uranium showings. This work will define the priorities and ~~withdrawal~~financing ~~periods~~needs ~~prior~~for toa ~~slaughter.~~full ~~The~~exploration ~~delivery~~program ofwhich ~~antibiotics~~the ~~can~~Company beintends ~~done~~to fund ~~by:~~through a subsequent flow through share issue.

7Exploration Budget

Method Cost Comment Injection High Not feasible in large production environments In water Mid Used at first sign of disease outbreak, when sick animals will drink but not eat In feed (MFA) Low Relied upon by the majority of producers

Phase I (Granite)
Preparation of Reserve Report	$	35,000
Drilling	$	50,000
Mineral Sampling/Cutting	$	50,000
Phase I Total	$	135,000

Phase II (Other Mineral Exploration)

The MFA Industry. The last 3 years have been particularly difficult for the MFA industry. Even though over the last 20 years, the per capita consumption of meat from food-producing animals has increased by 64% from 28 kilograms/person in 1980 to 46 kilograms/person in 2000, the use of MFAs has been severely affected by the wild swings in corn and soybean prices, the main constituents’ used in feed (See Corn Price Chart at http://futures.tradingcharts.com/chart/CN/M) As developing nations such as India and China become more affluent, it is likely that their diets will contain more meat thereby indirectly triggering a greater demand for MFAs. In 2006, approximately $5.2 billion was spent on animal pharmaceuticals in the US alone. Worldwide sales were $14.5 billion. MFA sales in the US accounted for approximately $500 million of that total (See U.S Animal Health Institute, press releases at http://www.ahi.org/mediaCenter/pressReleases.asp). 8

The animal pharmaceutical industry is a high volume and low margin business that has been subject to consolidation in recent years. The 15 global market leaders are responsible for 70% of sales while the market leaders Merial and Pfizer each have over 10% US market share. The overall food-producing animal health market has grown modestly at 1.9% per annum from 1991 to 2002 (Mackenzie Woods, Nature Magazine, May 2004). However this market is not without its challenges. MFA products including antibiotics, antibacterials, anticoccidials and anthelmintics have experienced a decline of 3.2% since 2002 in the US due to extraordinary recent events such as the avian flu, cost of feed constituents, and evolving public perceptions of using “drugs” on animals. As a result, out of the entire universe of MFAs including new drug applications (NADA) and generic drug applications (ANADA), only 54% percent or 366 out of 667 holders of these licenses are listed as “active” in sales and marketing activities as indicated by the FDA as of October 2009 (See FDA http://www.fda.gov/cvm/VMF/vmf_sort1.htm). The major players in the MFA market include Alpharma, Elanco and Phibro although several other companies and generic manufacturers have MFA products in their portfolios.

Airbone Magnetic Survey and Analysis	$	400,000
Ground Geophysics (IP, EM and Mag)	$	250,000
Diamond Drilling (3000 m.)	$	350,000
Project Management and Reporting	$	125,000
Phase II Total	$	1,125,000

Project Total	$	1,260,000

~~The~~Regional US has one of the world's largest livestock populations and, with the exception of pork, is the world’s largest meat producer. It is also recognized as the most advanced market in terms of production and the most price-sensitive. A 1% increase in feed conversion (ratio of amount of feed required to produce 1lb of meat) efficiency is highly valued and can mean the difference between profit and loss for breeders. However in 2007 and 2009 because of the wild swings in corn and soybeans, and the financial swings too complicated to mitigate even by the most sophisticated of buyers, feed conversion economics played a second fiddle to these wild price swings.Geology

8The Superior Province is the largest Archean craton in the world, half of which is located in Québec. This craton is a highly prospective region for kimberlite exploration, meeting all four criteria for hosting economic grades of diamond-bearing kimberlite: 1) the presence of an Archean craton; 2) the refractive, relatively cool and low-density peridotitic root of the craton has been insulated against reheating and excessive tectonic reworking; 3) the presence of major tectonic structures; and 4) association of diamonds with other intrusive rocks. Four kimberlite fields have been identified in Québec, the Temiscamingue Field being one of these.

AsLocal MFAs increase feed conversion efficiency and make animals more resistant to diseases, the market is expected to continue to grow. We believe this continued growth is based on increasing global demand for meat protein, especially in developing countries, and growing consumer focus on food quality and safety. The following table sets out the top 10 producers of cattle, poultry and swine in the world and how the US and Canada, the markets the Company seeks to penetrate, rank:Geology

~~Meat~~The ~~Production~~Property inover ~~2007~~thrusts two geological structural provinces, ~~(in~~intruded ~~000’s~~by granite-granodiorite-mafic and ultramafic rocks all faulted and sheared. Fault sets and lineaments intersect the Structural Thrust Front. It is on the Central-median ridge of ~~metric~~the ~~tons)~~“Temiscamingue Lake Rift” and on the strike of many Diamond Kimberlite occurrences.

Cattle & Veal		Swine (Pork)		Broilers (Poultry)
United States	12,168	China, PRC	55,800	United States	16,413
Brazil	9,120	European Union	21,500	China, PRC	10,520
China, PRC	7,910	United States	9,809	Brazil	9,670
European Union	7,880	Brazil	2,745	European Union	7,530
Argentina	3,150	Canada	1,860	Mexico	2,724
India	2,500	Vietnam	1,832	India	2,200
Mexico	2,290	Mexico	1,250	Argentina	1,290
Australia	2,200	Philippines	1,245	Russia Federation	1,260
Russian Federation	1,380	Japan	1,235	Japan	985
Canada	1,335	Korea, South	1,077	Canada	980

Stream sediment geochemistry points to strong anomalies for Gold, Nickel, Uranium, and Rare Earth Elements and many circular shape magnetic anomalies to be tested for their Kimberlitic potential. Seven of the Company’s claims were staked in 2006 specifically to cover a large double anomaly of uranium which represents the sixth highest content among the 1113 samples deposited with the Ministry of Natural Resources for the area.

~~_________________________Source:~~ITEM ~~2006~~1A. ~~based on~~RISK ~~Livestock and Poultry: World Markets and Trade, October, 2006 online: United States Department of Agriculture, Foreign Agricultural Service <http://www~~FACTORS.~~fas.usda.gov/dlp/circular/2006/2006%20Annual/Livestock&Poultry.pdf>.~~

~~These~~An ~~figures~~investment ~~evidence~~in aour ~~robust~~common ~~volume~~stock ofinvolves ~~worldwide~~a ~~meat production~~number ~~growing 2.7% year over year from 2006 to 2007. The widespread adoption~~ of ~~modern production techniques is required to remain competitive and~~very ~~manage~~significant ~~large numbers of livestock in confined areas~~risks. WeYou ~~believe~~should ~~that~~carefully ~~the~~consider ~~use of MFA products will continue to be regarded as an important tool in ensuring animal health and~~ the ~~economic~~risks ~~viability~~described ofbelow ~~large-scale livestock production as MFAs are among the most efficient~~ and ~~cost-effective methods of dispensing~~ ~~medicated products to vast numbers of animals. However in 2007 and 2009 because of~~ the ~~wild~~other ~~swings~~information in ~~corn~~this ~~and~~Annual ~~soybeans,~~Report ~~and~~before ~~the~~deciding ~~financial~~whether ~~swings~~to ~~too~~purchase ~~complicated~~our toshares ~~mitigate even by the most sophisticated~~ of ~~buyers,~~common ~~MFA economics played a second fiddle to these wild price swings~~stock.

Our ~~Business~~business, ~~Strategy.~~financial ~~Due the extraordinary circumstances facing the world economy in 2009~~condition, ~~and~~results ~~moving~~of ~~forward~~operations ~~into 2010,~~ and ~~it particular~~ ~~effects~~cash ~~on the MFA industry~~flow, ~~the~~could ~~Company~~be ismaterially ~~focused~~adversely onaffected ~~survival;~~by ~~and looking to capitalize upon~~ any ~~strategies~~of tothese ~~extract shareholder value whether corporately or operationally~~risks. The ~~Company’s lack of funding has exacerbated its ability~~ tovalue ~~pursue its business plan. To that end, the Company is exploring alternatives which alternatives may include the sale~~ of ~~the~~our ~~Company~~shares ~~to others, mergers, or some other form~~ of ~~disposition.~~common ~~The~~stock ~~Company~~could ~~entered~~decline ~~into~~due ato ~~non-binding~~any ~~letter~~ of ~~intent~~these ~~on July 21~~risks, ~~2009~~and you ~~which provided that the Company~~ may ~~enter~~lose ~~into~~all ~~a merger agreement~~ or ~~share~~part ~~exchange. The letter~~ of ~~intent~~your ~~expired on July 23, 2009 and, as at the date hereof, a definitive agreement has not yet been entered into~~investment. ~~The Company continues to explore this opportunity as well as others.~~

9This Annual Report also contains forward-looking statements that involve risks and uncertainties. Our actual results could differ materially from those anticipated in these forward-looking statements as a result of certain factors, including the risks faced by us described below.

~~Should~~We ~~financial~~may ~~markets~~experience ~~stabilize~~difficulty ~~and~~raising ~~funding~~additional ~~become available~~capital, ~~via~~which ~~normal~~could ~~means,~~result ~~the Company would continue to pursue opportunities~~ in the ~~food-producing~~ ~~animal~~failure ~~industry~~of toour ~~the extent it had not already undertaken an alternate course to extract shareholder value~~business. The MFA market is a commodity marketplace that is extremely price-sensitive. MFA producers thus tend to differentiate their products largely based on price. In the generic MFA market, there are currently no large companies with a monopoly position; neither is the generic market as profitable as the one for patented/proprietary drugs. Global pharmaceutical companies with animal businesses faced with lower returns on capital on MFAs have done one of the following:

1.We ~~Slowed~~currently orhave ~~stopped~~limited ~~investment~~operations inand ~~new~~revenues. ~~MFAs~~Our 2.current operating ~~Divested~~funds ~~their~~are ~~businesses,~~not ~~abandoned~~sufficient ~~their~~to ~~MFA~~fund the costs of implementing our entire business ~~(e.g.~~plan, ~~allow~~including ~~their~~our ~~DINs~~exploration orplan ~~similar~~as ~~authorizations~~of toSeptember ~~expire)~~30, or2010, ~~are~~we ~~actively~~had cash ~~looking~~in ~~for~~the anamount ~~exit~~of ~~strategy;~~$9,412. orWe 3.will ~~Simply~~need ~~shifted~~to ~~resources~~obtain additional financing in order to ~~”hibernation~~implement ~~mode”~~our ~~instead~~business plan.

It is our belief that this is a neglected and "orphan" $540 million market in the United States, too small for global pharmaceutical companies to pursue and too large for "mom and pop" shops to invest in. Our business strategy is to be a low cost provider offering choice to feed mills and large animal producers in the US and Canada. For the Company to have a chance at achieving profitability: 9

1.We ~~market~~do annot ~~increased~~currently ~~number~~have ofany ~~third-party~~arrangements ~~owned~~for ~~MFAs;~~obtaining 2such financing. ~~increase~~Obtaining ~~the~~additional ~~sales~~financing ~~volume~~will be subject to a number of factors, ~~third-party~~including ~~owned~~general ~~MFAs;~~market 3conditions. ~~identify~~These ~~and~~factors ~~register~~may ~~off-patent~~make ~~MFAs~~the ~~with~~timing, amount, ~~market~~terms ~~potential~~or ~~and~~conditions 4.of ~~have~~additional financing unfavorable from the Company's ~~market~~standpoint. ~~stabilize~~If ~~and~~we ~~the~~do ~~resources~~not toobtain ~~execute~~a sufficient amount of additional financing, our ~~strategy~~business could fail.

~~Given~~We ~~the~~have ~~increased~~a ~~challenges~~going ~~and~~concern ~~decreased~~opinion ~~opportunities posed,~~from ~~the~~our ~~Company's Management believes it would take 36-48 months to become~~auditors, ~~profitable~~indicating ~~should~~the itpossibility ~~execute~~that onwe ~~items~~may 1,not ~~2, and 4 above. Further financing shall~~ be ~~required~~able into ~~order~~continue to ~~execute all items and given the substantial initial~~operate ~~investment~~without ~~required,~~adequate ~~it may take longer to generate profits from such activity~~financing.

WeThe ~~believe~~Independent ~~that~~Auditor's Report to our audited financial statements for the ~~following~~year ended September 30, 2010 included in this Annual Report indicates that there are ~~keys~~a number of factors that raise substantial doubt about our ability to continue as a going concern. Such factors identified in the report ~~success~~include that we need to generate profitable operations and are in need of obtaining ~~our~~adequate financing. If we are not able to continue as a going concern, ~~business~~it ~~strategy:~~is likely that investors will lose all or a part of their investment.

~~I. Financial~~Additional ~~Markets~~capital ~~Stabilize~~raised ~~and~~through ~~Funding~~the ~~becomes~~sale ~~available~~of share capital will cause dilution to our existing shareholders.

AsThe ~~mentioned~~most ~~earlier,~~likely ~~prices~~source ~~for~~of ~~key~~additional ~~feed~~capital ~~constituents must~~presently ~~stabilize~~available ~~before~~to ~~customers~~us ~~start~~is ~~looking~~through at the ~~economics~~sale of ~~MFAs.~~equity ~~Also, financial markets lending to customers (e~~capital.g. ~~farmers)~~Any ~~must~~sale ~~“free-up”~~of soequity ~~investments~~capital will result in ~~their~~dilution ~~businesses~~to ~~can~~our beexisting ~~made~~shareholders. InAs ~~addition~~a result, ~~the Company must have~~our ~~adequate~~net ~~financial~~income ~~resources~~per toshare, ~~produce~~if ~~and~~any, ~~procure~~could ~~MFAs~~decrease ~~for~~in ~~sale~~future periods, and tothe ~~staying~~market asprice anof ~~on-going~~our ~~concern~~common stock could decline.

The perceived risk of dilution may cause our stockholders to ~~II.~~ sell their shares, which would contribute to a downward movement in the stock ~~Lower~~price ~~Registration~~of our common stock. Moreover, the perceived risk of dilution and ~~Approval~~the resulting ~~Costs~~downward pressure on our stock price could encourage investors to engage in short sales of our common stock. By increasing the number of shares offered for sale, material amounts of short selling could further contribute to progressive price declines in our common stock.

AsIf ~~identified~~an ~~MFAs~~active ~~are~~trading ~~generic~~market ~~variations~~for ofour ~~branded~~common ~~products that~~stock ~~have~~does ~~already received FDA approvals, we are~~ not ~~required to conduct~~ ~~extensive testing and clinical trials to obtain FDA approvals for identified MFAs. As a result~~develop, weshareholders ~~believe~~may ~~that~~be weunable ~~will incur substantially lower costs in seeking FDA approvals for identified MFAs compared~~ to ~~the~~sell ~~costs~~their ~~of obtaining FDA approvals for a new drug~~shares.

Although we are reporting company and our common stock is ~~III~~quoted on the OTC Bulletin Board there is currently no active trading market for our common stock. There can be no assurance that an established trading market ~~Low~~will ~~Operating~~develop ~~and~~or ~~Manufacturing~~that ~~Costs~~a liquid market for our common stock will be available in the future. If no active trading market develops for our shares of common stock or there is insufficient liquidity in the shares, it will be difficult for shareholders to sell their stock, if at all.

WeTrading ~~are~~on in the ~~process~~OTC ofBulletin ~~securing~~may ~~and~~be ~~negotiating~~volatile ~~the supply of active ingredients for our preliminarily identified MFA products with certain factories in China~~ and ~~other low cost manufacturing cost centers. We~~sporadic, ~~believe~~which ~~that~~could ~~our~~depress ~~operating~~the ~~and~~market ~~production~~price ~~costs~~of ~~will be lower than~~ our ~~brand name~~common ~~competitors~~stock ~~such as Alpharma, Elanco,~~ and ~~Phibro.~~make Weit ~~base our belief on the~~difficult ~~follow~~for ~~factors:~~shareholders ~~(i) We will incur no costs~~ to ~~amortize~~sell ~~the~~their ~~development costs of the drugs as all production formulae for off-patent drugs are in the~~ shares.

10Trading in stock quoted on the OTC Bulletin Board is often thin and characterized by wide fluctuations in trading prices due to many factors that may have little to do with our operations or business prospects. This volatility could depress the market for our common stock for reasons unrelated to operating performance.

~~public~~We ~~domain;~~are ~~and~~subject ~~(ii)~~to ~~the~~penny ~~Company~~stock ~~will~~rules ~~have~~and ~~a flatter sales~~shareholders ~~structure~~therefore ~~than~~may ~~many~~find ofit ~~the~~more ~~brand~~difficult ~~name~~to ~~competitors~~sell ~~resulting~~their ~~in less overhead~~shares.

Our shares of common stock constitute penny stock under the IVSecurities Exchange Act of 1934, as amended, referred to as the "Exchange Act". The classification of penny stock makes it more difficult for a broker-dealer to sell the stock into a secondary market, thus ~~Our~~limiting ~~Sales~~investment &liquidity. ~~Marketing~~Any ~~Network~~broker-dealer engaged by a purchaser for the purpose of selling his or her shares in the Company will be subject to rules 15g-1 through 15g-10 of the Exchange Act, which provide, among other things, that a broker-dealer deliver a standardized risk disclosure document prepared by the Securities and Exchange Commission, referred to as the "SEC", prior to a transaction in a penny stock, provide details of its compensation in a sale of penny stock and provide monthly statements showing the market value of each penny stock held in a customer's account. Rather than complying with these rules, some broker-dealers may refuse to sell our shares on behalf of a purchaser, which may limit the purchaser's ability to sell the shares.

We intend to sell identified MFAs to feed mills and large animal producers at a discount compared to the price of similar branded MFA products. Our management team has 30 plus years of experience in the procurement of active ingredients and the marketing of MFA products. Mr. Gordon, our President, has developed an extensive network, to which he has supplied MFA products for 30 years. 10

~~The~~We ~~FDA~~could terminate our SEC Registration, ~~and~~which ~~Approval~~could ~~Process~~cause our Common Stock to be de-listed from the OTC Bulletin Board.

AsAlthough the ~~FDA~~Company ~~registration~~currently ~~and~~has ~~approval~~no ~~process~~intention ~~for~~to ~~our~~de-register its ~~identified~~common stock under the Exchange Act, there can be no assurance that the ~~MFAs~~Company ~~plays~~may anot ~~significant~~do ~~role~~so at some point in ~~determining~~the future. If the ~~success~~Company were to take such action, it could inhibit the ability of the Company's shareholders to trade the shares in the open market, athereby severely limiting the liquidity of such ~~detailed~~shares. ~~explanation~~Furthermore, if we were to de-register, we would no longer be required to file annual and quarterly reports with the SEC and would no longer be subject to various substantive requirements of SEC regulations. Termination of our SEC registration would reduce the ~~FDA~~amount ~~approval~~of ~~process~~information available to investors about of the Company and ~~what~~may itcause ~~entails~~our iscommon ~~provided~~stock to be de-listed from the OTC ~~below:~~Bulletin Board. In addition, investors would not have the protections of certain SEC regulations to which we would no longer be subject.

IITEM 1B. ~~Product~~ ~~Identification~~UNRESOLVED ~~and~~STAFF ~~Feasibility Study~~ COMMENTS.

~~Once~~We ~~our~~currently ~~MFA~~do ~~identification~~not ~~process~~have isany ~~finally~~unresolved ~~completed~~staff and following a thorough economic feasibility analysis and consultation with animal producers, the Company will continue its dialogue with the FDA's Center for Veterinary Medicine or "CVM" relating to registering the MFAscomments. ~~The CVM is the animal drugs branch of the FDA and is responsible for new drug (NADA) and generic drug (ANADA) approvals.~~

ToITEM obtain FDA approval for a new drug, extensive testing and clinical trials are generally required to be conducted. This process can take 8 to 10 years of research in getting each new drug approved and generally costs a minimum of $25 million per MFA. However, if a drug to be offered is a generic variation of a branded product that has already received FDA approval and come off-patent exclusivity, extensive testing and clinical trials are not required. An ANADA may be submitted to the FDA demonstrating the bioequivalence of the generic drug to the branded drug. FDA approval for a generic product generally takes 24 to 36 months or longer. This process generally costs substantially less than obtaining approval of a new drug. We believe the estimated cost for obtaining approval is approximately $2.5 ~~million per MFA or $4~~PROPERTIES.~~5 million should the Company decide to register two; due to economies of scale in administration and "registration consultant" fees.~~

~~II. Testing~~See ~~and~~Item ~~Approval~~ 1

ToITEM ~~obtain FDA approval for a generic MFA product, test data must be submitted demonstrating the safety and effectiveness of the product~~3. ~~It is~~LEGAL currently anticipated that the Company will engage the services of a third party FDA approved laboratory to initially test once the MFAs have been identified before any filings for the required registration applications is madePROCEEDINGS. Once a protocol has been established, we expect to conduct certain tests to show that these MFA products are safe for the target animal, have the intended effect, and that edible products derived from such animals are safe for human consumption. As these products will be generic in nature, there is already significant scientific data supporting the safety and the benefits of the products, and no clinical studies need to be carried out. We are required to simply replicate in a controlled environment the results of a similar brand-name product. This replication entails the carrying out of standard tests for bioequivalence and tissue-quality.

~~Once~~We ~~the appropriate tests~~ are ~~completed,~~not ~~registration applications~~currently ~~will~~a beparty ~~submitted~~ to ~~the~~any ~~FDA~~legal ~~for approval of our MFAs~~proceedings. ~~As obtaining approval is critical in the success of this venture, the Company is currently expecting to retain the services of an ex-FDA executive as an expert consultant to assist us~~

11ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

~~through~~The ~~the~~following ~~regulatory~~matters ~~process.~~were Inapproved ~~addition,~~by ~~our~~the ~~management team~~shareholders ~~has~~of ~~experience in working with~~ the Company ~~FDA~~at ~~and~~a ~~has~~Special ~~established~~Meeting aof ~~working relationship~~Shareholders ~~with~~held ~~the~~on ~~FDA's~~June ~~CVM~~23, ~~branch.~~ 2010:

Approval times can vary depending on the completeness and accuracy of the safety and efficacy of the data submitted. A statutory review time of 180 days is imposed once a registration has been completed. An approval decision must be made, or the sponsor must be advised why an application cannot be approved, within this time period. Depending on the completeness of a registration application and requests for additional information from the FDA's CVM branch, the review time can take longer.

	1)	An amendment to the Company’s Articles of Incorporation to effect a reverse stock split of 84 to 1, without changing the authorized capital thereof.

	2)	An amendment to the Company’s Articles of Incorporation to change the name of the Company to “Pure Minerals, Inc.”

The cost to complete this process with the FDA is estimated to be approximately $2.5 million per MFA or $4.5 million for two. This amount includes third-party testing fees, FDA filing fees, consultants' fees, and other registration expenses. Given these high costs, we initially expect to manufacture only around one or two identified MFAs depending on the amount of financing we are able to secure, if any at all.11

~~Requirements~~Each ~~for~~of ~~Personnel~~these items were approved by a vote of 6,500,000, or approximately 52% in favor, and ~~other~~none ~~Consultants~~opposed with no abstentions. The Articles of Amendment to effect these changes will be filed immediately prior to the closing of the Share Exchange with 7167415.

ToPART have a normal functioning business to facilitate the trading of MFAs and to execute on business strategy, if the Company can remain an going concern, these work items would require the following personnel.II

IITEM 5. ~~MFA~~ ~~registration~~MARKET ~~and~~FOR ~~regulatory~~REGISTRANT’S ~~compliance~~COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES.

AsMarket ~~most~~Information. ~~actors~~There inis ~~the~~currently ~~drug-registration~~no ~~industry~~public ~~are free~~trading ~~agents,~~market wefor ~~anticipate~~our ~~that~~common westock. ~~will~~There ~~primarily~~can ~~utilize~~be ~~consultants~~no ~~and~~assurance ~~contract personnel,~~that asan ~~opposed~~established trading tomarket ~~full-time~~will ~~employees,~~develop toor ~~implement~~that ~~the~~a ~~technical portions~~liquid ofmarket for our ~~business~~common ~~plan~~stock ~~relating~~will tobe available ~~registration~~in ofthe ~~identified~~future. ~~MFAs~~The ~~with the~~Company ~~FDA~~has ~~and~~not ~~other~~granted ~~regulatory~~any ~~authorities.~~common stock options or warrants since inception.

IIHolders of our Common Stock. As at January 14, 2011, ~~Product~~there ~~quality~~were approximately 52 holders of record of our common stock and ~~overseas~~a ~~logistics~~total of 12,600,000 (pre-reverse stock split) shares of common stock were outstanding.

InDividend ~~order~~Policy. toSince ~~execute~~ our ~~overseas outsourcing model~~inception, ~~the~~we ~~Company~~have not ~~shall~~declared ~~also~~nor ~~rely~~paid onany ~~consultants~~cash individends ~~China~~on orour ~~India~~common tostock ~~ensure~~and ~~product~~we ~~quality~~do ~~and~~not ~~timely~~anticipate ~~delivery.~~paying ~~However,~~any ifcash ~~our~~dividends ~~business~~in ~~develops,~~ the ~~Company~~foreseeable ~~expects~~future. toOur ~~hire~~current ~~full-time~~policy ~~staff~~is into ~~the~~retain ~~respective~~any ~~manufacturing~~earnings ~~country~~in atorder ~~$12,000~~to ~~per~~finance ~~employee per~~the ~~annum~~expansion of our operations. The Company's ~~believes~~Board ~~that~~of itdirectors ~~may~~(the ~~require~~"Board") ~~one~~will ~~full~~determine ~~time employee~~future ~~within~~declarations ~~the~~and ~~next~~payments 18of ~~months~~dividends, ~~and~~if ~~may~~any, ~~hire~~in ~~more~~light ~~employees~~of ifthe ~~business requirements~~then-current soconditions ~~warrant.~~they deem relevant and in accordance with applicable corporate law.

There are no restrictions in our articles of incorporation or ~~III~~bylaws that prevent us from declaring dividends. The Nevada Revised Statutes, ~~Sales~~however, ~~and~~do ~~marketing~~prohibit us from declaring dividends if, after giving effect to the distribution of the dividend:

We currently have no designated sales and marketing staff, nor any internal sales or distribution capabilities. In order to commercialize our products (if any are identified and approved) we intend to develop internal sales, marketing and distribution capabilities to target particular markets for our products, as well as make arrangements with third parties to perform these services for us with respect to other markets for our products. We cannot be certain that we will be able to establish these capabilities internally or hire sales personnel with appropriate expertise to market and sell our products, if approved.

	1.	We would not be able to pay our debts as they become due in the usual course of business; or

	2.	Our total assets would be less than the sum of our total liabilities plus the amount that would be needed to satisfy the rights of shareholders who have preferential rights superior to those receiving the distribution.

InEquity ~~addition,~~Compensation ~~even~~Plans. ifTo wedate ~~are able to identify one or more acceptable collaborators to perform these services for us,~~ we ~~may~~have not ~~be able to~~adopted ~~enter into~~ any ~~collaborative~~equity ~~arrangements~~compensation ~~on favorable terms, or at all~~plans.

Purchases of Equity Securities by the Issuer and Affiliated IVPurchasers. ~~Estimated~~ ~~costs~~We did not purchase any of ~~hiring~~our ~~personnel~~shares ~~and~~of ~~retaining~~common ~~consultants~~stock or other securities during our fiscal year ended September 30, 2010.

We estimate that the approximate costs of hiring personnel and/or retaining skilled consultants for our two streams of business will be as follows:

ITEM 6.	SELECTED FINANCIAL DATA

ITEM 7.	MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.

12Results of Operations for the Year ended September 30, 2010

~~Marketing~~We had net revenue in the amount of ~~Third-party~~$nil ~~Owned~~for ~~MFAs~~the fiscal year ended September 30, 2010. We incurred expenses in the amount of $97,179 for the year ended September 30, 2010. Our net loss for the year ended September 30, 2010 was $97,179. As at September 30, 2010 we had cash of $9,412 and working capital deficiency of $49,439.

Personnel requirements (for Oxytetracycline Sales in Canada)
Location and Task	Nature of retainer	Cost
Asia – Local Quality Assurance individual	Contract or Full Time Employee	Cost to be incorporated into pricing of product, with expense of 3rd quality inspection agency to be born by factory.
Asia – Logistical Support	Contract	Typically included with freight and shipping services provided by the local contractor
North America – Logistical Support	Contract	Typically included with freight and shipping services provided by the local contractor
North America – Sales	Provided by Management	No currently anticipated expense
North America – Back-office	Provided by Management	No currently anticipated expense

~~Identification~~Results ~~and~~of ~~Registration~~Operations offor ~~Off-patent~~the ~~MFAs~~Year ended September 30, 2009

~~Immediate~~We ~~personnel~~had ~~requirements~~other ~~Location~~income ~~and~~in ~~Task~~the ~~Nature~~amount of ~~retainer~~$8,310 ~~Cost~~for ~~North~~the ~~America~~fiscal –year ended ~~Identification~~September of30, ~~actionable~~2009. ~~corporate~~We ~~actions~~incurred ~~(non~~expenses ~~MFA~~in ~~operations)~~the ~~related~~amount toof ~~maximize~~$47,836 ~~shareholder~~for ~~value~~the year ~~Management~~ended NoSeptember ~~currently~~30, ~~anticipated~~2009. ~~expense~~Our ~~North~~net ~~America~~loss –for ~~Identification~~the ofyear ~~commercially~~ended ~~viable~~September ~~MFAs~~30, 2009 ~~for~~was ~~FDA~~$39,526. ~~registration~~As ~~Management~~at NoSeptember ~~currently~~30, ~~anticipated~~2009 ~~expense~~we ~~North~~had ~~America~~cash –of ~~Market~~$8,573 ~~Research~~ and ~~preliminary~~working capital ~~due~~deficiency ~~diligence~~ of ~~identified MFAs Management No currently anticipated expense~~$22,198.

Medium-term personnel requirements
Location and Task	Nature of retainer	Cost
North America – Initial consulting for FDA registration of MFAs identified by management	Contract	USD$ 5,000

2009 was a challenging year for the company. As a result of activities early in the 2009 fiscal year the company was able to sell it’s remaining inventory to suitable clients. Management believes that its inability to generate greater sales is attributable to the high price of maize and soybeans, which are two of the largest cost component of feed. Maize prices have increased dramatically in the last 12 months from its historic averages. There are many factors driving the price of maize higher, including its use as an emerging fuel (ethanol). This significant jump in prices have forced upward "at the gate" prices for poultry in cities such as Toronto where from the period of January to June 2009, prices for poultry had increased 10.6% from $1.29 to $1.43/kilogram. The sale of the inventory was treated as incidental revenue and as a result, recorded as other income.

Long-term personnel requirements
Location and Task	Nature of retainer	Cost
North America – Full FDA registration	Contract	USD$ 3.0 million inclusive
North America – Clinical testing	Contract
North America – All other approvals	Contract

Our officers and directors provided all the labor necessary to effect our business plan at no charge (see "Executive Compensation") as we had no employees during the period.

13Liquidity and Capital Resources

~~Manufacturing~~Our ~~and~~cash ~~Quality~~reserves ~~Control~~are not sufficient to meet our funding needs beyond the next twelve-month period. As a result, we will need to seek additional funding in the near future. We currently do not have a specific plan for obtaining such funding, however, we anticipate that any additional funding will be in the form of equity financing from the sale of our common stock. We currently do not have any arrangements in place for any future equity financing. We may also seek to obtain short-term loans from our directors, although no such arrangements have as yet been made. There can be no assurance that we will able to raise sufficient funding from the sale of our common stock or through director loans to meet our funding needs after the next 12 months.

~~Quality,~~There ~~timely~~are ~~delivery~~two ~~and~~simultaneous anphases ~~agile~~to ~~sales~~7167415’s proposed exploration program; firstly 7167415 will delineate the extent and ~~marketing~~quality of ~~strategy~~the ~~are~~granite ~~crucial~~dyke (diabase) with a view to ~~both~~determine ~~the~~its ~~execution~~economic ofand ~~selling~~commercial feasibility. ~~third-party~~7167415 ~~owned~~has ~~MFAs~~engaged an independent geologist to prepare a reserve ~~now,~~report ~~and~~for the ~~Company-owned~~diabase. ~~MFAs~~There are several operating and marketing avenues open in the ~~future.~~conventional ~~Details~~quarrying and cutting of ~~our~~blocks. ~~strategy~~To ~~for~~that ~~both~~effect 7167415 will ~~are~~seek ~~explained~~to ~~below.~~ally itself with one or more major operator / marketer by way of a joint venture or other supply/operating arrangements.

WeIn ~~intend~~its toother ~~outsource~~phase, ~~the~~7167415 ~~manufacturing~~will ofretain ~~our~~the ~~identified~~services ~~MFA~~of ~~products~~independent geologists to ~~third~~prepare ~~parties. There are~~ a ~~small~~proposal ~~number~~for ofexploration ~~factories~~work ~~globally~~and ~~that~~costing ~~can~~out ~~produce MFA products. A key consideration in the manufacture~~ of ~~MFA products is~~ the ~~ability~~exploration towork ~~secure~~program. ~~the~~The ~~active~~exploration ~~ingredient~~program ~~used~~will inextend ~~such~~to ~~products. We have~~the ~~had~~further anwork ~~ongoing~~required ~~dialogue~~for ~~with~~a ~~Chinese~~better ~~suppliers~~assessment of ~~active~~the ~~ingredients~~Kimberlites, ~~with~~the ~~whom~~gold, ~~one~~platinum ofand ~~our~~uranium ~~principals, Mr~~showings. R.This ~~Gordon~~work ~~has~~will ~~had~~define anthe ~~ongoing~~priorities ~~working relationship~~and ~~with~~financing needs for ~~the~~a ~~last~~full 10exploration ~~years.~~program ~~With~~which ~~respect to any arrangements~~ the Company ~~might enter~~intends ~~into, we will try~~ to ~~negotiate~~fund through ~~exclusivity~~a ~~for~~subsequent ~~our~~flow ~~geographic~~through ~~regions~~share ~~with the factories~~issue.

Our MFA products will be manufactured in accordance with pharmaceutical industry and FDA regulations known as GMP. The FDA has a process in place which certifies a factory's GMP status. Further to the quality guidelines set forth in the GMP, we will carry front-running tests of sample products, prior to their shipment from these factories, to ensure quality.13

We have thus far preliminarily identified a set of approximately ten (10) factories in Asia which have met our criteria of having: (i) low production costs and (ii) experience working with FDA guidelines evidenced by the fact that they already have a factory profile and voluntary “master file” status with the FDA.

Exploration Budget

Phase I (Granite)
Preparation of Reserve Report	$	35,000
Drilling	$	50,000
Mineral Sampling/Cutting	$	50,000
	$	135,000

Phase II (Other Mineral Exploration)
Airbone Magnetic Survey and Analysis	$	400,000
Ground Geophysics (IP, EM and Mag)	$	250,000
Diamond Drilling (3000 m.)	$	350,000
Project Management and Reporting	$	125,000
	$	1,125,000

Project Total	$	1,260,000

The ~~Company~~Independent ~~intends~~Auditor's Report to ~~market~~our ataudited ~~one~~financial statements ~~(1)~~for ~~third-party~~the ~~owned~~period ~~MFAs~~ended September 30, 2010 indicates that there are a number of factors that raise substantial doubt about our ability to continue as a going concern. Such factors identified in the ~~next~~report 12include ~~months~~that ~~unless~~we itneed ~~pursues~~to generate anprofitable ~~alternate~~operations ~~business~~and ~~strategy~~are in need of obtaining adequate financing. For Tothese ~~this~~and other related reasons our auditors believe that there is ~~end,~~substantial doubt that we ~~have~~will ~~thus~~be ~~far:~~able to continue as a going concern. See "Risk Factors".

~~identified~~Off-Balance ~~one~~Sheet ~~factory and purchased and sold initial quantities of Oxytetracycline in 2007; however we were not able to further inroads in 2009~~ Arrangements

~~continue~~The toCompany ~~engage~~does innot ~~discussions~~have ~~with~~any ~~two~~off-balance ~~(2)~~sheet ~~other factories which~~arrangements ~~manufacture two (2) MFAs~~ that ~~the~~have ~~Company~~or isare ~~presently~~reasonably ~~trying~~likely to ~~negotiate with~~have ~~the~~a ~~DIN~~current ~~owner~~or ~~for~~future ~~the~~effect ~~right~~on tothe small ~~market~~business inissuer's ~~the~~financial UScondition, orchanges ~~Canada.~~in ~~The~~financial ~~Company~~condition, ~~has~~revenues ~~yet~~or toexpenses, ~~move~~results ~~further~~of ~~into~~operations, ~~these~~liquidity, ~~discussions~~capital ~~until~~expenditures weor capital ~~know~~resources wethat ~~have~~is ~~the resources~~material to ~~go on as a ongoing concern~~investors.

WeITEM ~~expect~~8. ~~that~~FINANCIAL ~~the gross sale price that our products can achieve in North America will roughly represent a 10-40% mark-up above our offshore manufacturing costs~~STATEMENTS.

~~Sales~~[Financial ~~and~~Statements ~~Marketing.~~follow, ~~Companies~~beginning ~~selling MFAs differentiate their products primarily based~~ on ~~price~~next as little innovation in MFA products has occurred in the last 20 years. The number of MFAs for sale decreased from 395 in 2007 to 366 in 2009, there are few generic alternatives to branded MFA products as shown in the table below (see http://www.fda.gov/cvm/VMF/vmf_sort1.htm).page]

Drugs	Competing Products	Percentage
286	1 to 5	78.2%
35	6 to 10	9.6%
25	11 to 20	6.7%
20	20+	5.5%
366	Total Drugs

14PURE MINERALS, INC. (Formerly Pure Pharmaceuticals Corporation)

Of(An ~~the~~Exploration ~~total~~Stage animal drug universe of 366 animal drugs registered with the FDA Database as of October 2009, 78.2% have only 1-5 competitors. 9.6% have 6-10, and the remaining 12.2% have more than 10 competitors. Even this data is overstated because one drug company can have more than one variant of an MFA and that is double, triple, or counted even more times as a competing product. Company)

WeFINANCIAL intend to provide a lower cost alternative to our customers. Although we intend to market identified MFAs at certain tradeshows, advertising in the MFA marketplace is often done by word-of-mouth. Sales are generally based on quality, price and the industry reputation of the supplier. STATEMENTS

WeSEPTEMBER ~~intend to sell the identified MFAs directly to feed mills and large animal producers~~30, given adequate financial resources, Feed mills and large animal producers account for a majority of MFA consumption in the US. Sales may also be made to veterinarians and buying cooperatives. To complement direct sales, we currently intend to engage qualified and experienced local agents and have created a website http://www.purepharmacorp.com to facilitate direct online ordering for repeat customers and as a source of information for end users. We intend to set the prices for identified MFAs uniformly to avoid arbitrage and price erosion.2010

Competition. The Company will face competition from incumbents and companies looking to exit the industries. This may come in the form of predatory pricing, innovation, or both. We expect to compete with several large companies such as Alpharma, Elanco, Phibro, and several other generic manufacturers that have MFAs in their portfolios, that have greater financial and other resources than we do or willing to sell inventories at a lost to exit the MFA business. To the extent these companies or new entrants into the market, offer comparable products to identified MFAs at lower prices, our business, results of operations, financial condition and cash flows could be materially adversely affected. 15

~~Furthermore,~~REPORT ~~evolving~~OF ~~public~~INDEPENDENT ~~attitudes~~REGISTERED ~~towards~~PUBLIC ~~MFAs,~~ACCOUNTING ~~increasing government regulation, and alternatives from commercial manufacturers of non-antibiotic MFA can have a significant impact on our customers and us.~~FIRM

~~Our~~To competitive position will be based principally on our family of MFAs (third-party and company owned) our ability to provide a reliable low-cost supply from Asia, Mr. Gordon’s industry contacts and customers, our delivery model and future product registrations. Our competitors can be expected to continue to improve the ~~design~~Stockholders and ~~performance~~Board of ~~their~~Directors ~~products~~of ~~and~~Pure toMinerals, ~~introduce new products with competitive price and performance characteristics~~ Inc. We ~~may~~(Formerly ~~not~~Pure ~~have~~Pharmaceuticals ~~sufficient resources to establish or maintain a competitive position or market share against the largest animal health drug companies listed below as of the end of 2005:~~Corporation.)

15We have audited the accompanying balance sheets of Pure Minerals, Inc. (an exploration stage company) as of September 30, 2010 and 2009, and the statements of operations, cash flows and stockholders’ deficit for the years then ended and the period from September 24, 2004 (Inception) to September 30, 2010. 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.

~~Veterinary~~We ~~medicines:~~conducted ~~worldwide~~our ~~sales~~audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform an audit to obtain reasonable assurance 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 audits 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. An audit also includes 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.

~~2005~~In YEour ~~Revenue~~opinion, ~~Animal~~these ~~Health~~financial ~~Worldwide~~statements ~~Companies~~present fairly, in all material respects, the financial position of the Company as of September 30, 2010 and 2009, and the results of its operations and cash flows for the years then ended and the period from September 24, 2004 (Inception) to September 30, 2010 in conformity with accounting principles generally accepted in the United States of America.

Rank	Company	12 Months '05 (in millions $)	% Percent	MFA World Market
1	Pfizer Animal Health	$2,206.0	82.0%	$ 1,900.0 or roughly 13% of the total veterinary medicines market
2	Merial Ltd.	$1,987.0
3	Intervet International	$1,313.0
4	DSM Animal Nutrition	$1,217.0
5	Bayer Animal Health	$1,027.0
6	BASF Animal Nutrition	$1,018.0
7	Fort Dodge Animal Health	$881.0
8	Elanco Animal Health	$863.0
9	Novartis Animal Health	$860.0
10	Schering-Plough Animal Health	$851.0
	Top 10 Total	$12,223.0
	Others	$2,677.0	18.0%
	Total World Market	$14,900.0	100.0%

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 1 to the financial statements, the Company is in the development stage and has incurred losses since inception and has limited working capital available raising substantial doubt about the Company’s ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent on raising capital to fund its business and ultimately to attain profitable operations. Management’s plans in regard to these matters are described in Note 1. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

~~____________________Source: Wood~~DALE ~~Mackenzie~~MATHESON ~~and~~CARR-HILTON ~~Fountain~~LABONTE ~~AgriCounsel~~LLP ~~LLC~~CHARTERED ~~Note:~~ACCOUNTANTS ~~The~~Vancouver, ~~Animal~~Canada ~~Health~~January ~~Industry in~~21, ~~2005 http://www.ifahsec.org/annual_report/RA_IFAH_2005_global final.pdf http://www.fountainagricounsel.com/Reports_Published.htm#Feedstuffs2006~~ 2010

~~Government~~ 16 ~~Regulation~~

IPURE MINERALS, INC. ~~General~~ ~~Regulatory~~(Formerly ~~Regime~~Pure Pharmaceuticals Corporation) (An Exploration Stage Company) BALANCE SHEETS

In the United States, governmental oversight of animal health products is shared primarily by the United States Department of Agriculture (USDA), and the FDA. The FDA is responsible for the safety and wholesomeness of the human food supply. It regulates foods intended for human consumption and, through the CVM, also regulates the manufacture and distribution of animal drugs, including MFAs. It also develops technical standards for animal drug safety and effectiveness and evaluates data bases necessary to support approvals of veterinary drugs. The USDA, on the other hand, monitors the food supply for animal drug residues. A third agency, the Environmental Protection Agency (EPA), has jurisdiction over certain products applied topically to animals or premises to control external parasites.

	September		September
	30, 2010		30, 2009
	- $ -		- $ -

Assets
Current
Cash	9,412		8,573
	9,412		8,573

Liabilities
Current
Accounts payable and accrued liabilities	58,851		30,771


Long- term loans (Note 3)	-		59,314
	58,851		90,085

Stockholders’ Deficit
Common Stock (Note 4)
Authorized: 100,000,000 common shares with a par value of $0.001
Issued and Outstanding: 150,000 (September 30, 2009 – 150,000) common shares	150		150
Additional paid in capital	335,541		203,850
Accumulated other comprehensive income	-		2,439
Deficit accumulated during the exploration stage	(385,130	)	(287,951	)
	(49,439	)	(81,512	)
	9,412		8,573

~~Generally,~~Going ~~government~~Concern ~~regulation~~(Note of1) ~~pharmaceutical products~~ ~~used~~ Subsequent inevent ~~food~~(Note producing animals includes detailed inspection of and controls over testing, manufacturing, safety, efficacy, labelling, storage, record keeping, reporting, approval, advertising, promotion, sale and distribution, among other things. 7)

16– See Accompanying Notes –

17 ~~II. FDA Approval of Generic Animal Drug Applications (ANADA)~~

~~FDA~~PURE regulatory procedures generally applicable to generic pharmaceutical products depends on whether the branded drug to which the generic version is equivalent or comparable is the subject of an approved New Animal Drug ApplicationMINERALS, ~~or "NADA", which has been reviewed for both safety and effectiveness~~INC. If(Formerly ~~the~~Pure ~~drug~~Pharmaceuticals toCorporation) be(An ~~offered~~Exploration isStage aCompany) ~~generic~~STATEMENTS ~~variation~~OF of a branded product that is the subject of an NADA which has been approved for both safety and effectiveness, an Abbreviated New Animal Drug Application, or “ANADA”, must be submitted to the FDA for approval prior to marketing.OPERATIONS

FDA approval of an ANADA is based on satisfactory demonstration of safety and efficacy. Efficacy requirements are based on the desired label claim and encompass all species for which label indication is desired. Safety requirements include target animal safety and, in the case of food animals, drug residues and the safety of those residues must be considered. In addition to the safety and efficacy requirements for animal drugs used in food producing animals, the environmental impact must also be determined. Depending on the compound, the environmental studies may be quite extensive and expensive. In many instances the regulatory hurdles for a drug which will be used in food producing animals are at least as stringent if not more so than those required for a drug used in humans.

					Cumulative
					from
					September 24,
					2004
					(Inception) to
	Year ended September 30,				September 30,
	2010		2009		2010
	- $ -		- $ -		- $ -

Expenses
Financing fees	-		-		5,600
General and administrative	94,318		43,912		378,343
Interest on long term loans (Note 3)	2,861		3,924		6,785
Write-down of inventory	-		-		5,130
	97,179		47,836		(395,858	)
Net loss before other income	(97,179	)	(47,836	)	(395,858	)

Other income	-		8,310		10,728
Net loss	(97,179	)	(39,526	)	(385,130	)


Loss per share – basic and diluted	(0.65	)	(0.26	)

Weighted average number of common shares outstanding – basic and diluted	150,000		150,000

~~All~~– ~~applications~~See ~~for~~Accompanying ~~regulatory~~Notes approval of generic drug products pursuant to an ANADA must contain data relating to product formulation, raw material suppliers, stability, manufacturing, packaging, labeling and quality control, among other information. ANADAs also must contain data demonstrating the bioequivalence of the generic drug to the branded drug. Each product approval limits manufacturing to a specifically identified site or sites. Supplemental filings to allow the manufacture of products at new sites also generally require review and approval. In addition, certain changes to the manufacturing process, drug ingredients and labeling also can require regulatory review and approval.–

~~The FDA may deny an application if applicable regulatory~~ ~~criteria~~ 18 are not satisfied, require additional testing or information, or require post-marketing testing and surveillance to monitor the safety or efficacy of a product. There can be no assurance that we may be able to obtain FDA approval of any application on a timely basis or at all. Moreover, even if regulatory approval of a product is granted, such approval may entail limitations on the indicated uses for which it may be marketed.

~~III~~PURE MINERALS, INC. ~~Post-approval~~ ~~Compliance~~(Formerly Pure Pharmaceuticals Corporation) (An Exploration Stage Company) STATEMENTS OF CASH FLOWS

Product approvals may be withdrawn if compliance with regulatory standards is not maintained or if problems occur following initial marketing. Among the conditions for approval of an application is the requirement that the prospective manufacturer's quality control and manufacturing procedures conform to GMP. The plant must be inspected biannually by the FDA for determination of compliance with GMP after an initial pre-approval inspection. After FDA approval, any manufacturing changes that may have an impact on the safety and/or efficacy must be approved by the FDA prior to implementation. In complying with standards set forth in these regulations, manufacturers must continue to expend time, money and effort in the area of production and quality control to ensure compliance.

					Cumulative from
					September 24, 2004
					(Inception) to
	Year ended September 30,				September 30,
	2010		2009		2010
	- $ -		- $ -		- $ -

Cash Flows From Operating Activities
Net loss	(97,179	)	(39,526	)	(385,130	)
Non-cash items:
Accrued interest on long term loan	-		3,924		3,924
Donated capital	9,600		9,600		57,600
Write down of inventory	-		-		5,130
Change in non-cash working capital items:
Inventory	-		-		(5,130	)
Accounts payable and accrued liabilities	28,080		(15,442	)	58,851
Net cash used in operating activities	(59,499	)	(41,444	)	(264,755	)

Cash Flows From Financing Activities
Proceeds (Repayments) from long-term loans	(59,314	)	15,390		(3,924	)
Donated capital	122,091		20,000		142,091
Capital stock issued for cash	-		-		136,000
Net cash provided by financing activities	62,777		35,390		274,167

Effect of exchange rate changes	(2,439	)	2,168		-

Increase (Decrease) In Cash	839		(3,886	)	9,412

Cash, beginning	8,573		12,459		-
Cash, ending	9,412		8,573		9,412

Supplementary Cash Flow Information:
Cash paid for:
Interest	6,785		-		6,785
Income taxes	-		-		-

~~IV. Regulation~~– ofSee ~~Manufacturing~~Accompanying Notes –

~~Manufacturers of MFA products are required to comply with the~~19 FDA's current GMP regulations. GMP encompasses all aspects of the production process, including validation and record keeping, in addition to standards for facilities, equipment and personnel, and involves changing and evolving standards.

17PURE MINERALS, INC. (Formerly Pure Pharmaceuticals Corporation) (An Exploration Stage Company) STATEMENT OF STOCKHOLDERS’ DEFICIT PERIOD FROM SEPTEMBER 24, 2004 (INCEPTION) TO SEPTEMBER 30, 2010

V. Penalties for Non-compliance

						Accumulated		Deficit Accumulated
			Additional	Share		Other		During the
	Common Shares		Paid-in	Subscriptions		Comprehensive		Exploration
	Number	Par Value	Capital	Receivable		Income (loss)		Stage		Total
		$	$	$		$		$		$
Balance, September 24, 2004
(Date of Inception)	-	-	-	-		-		-		-
Net loss for the period	-	-	-	-		-		-		-
Balance, September 30, 2004	-	-	-	-		-		-		-
Shares issued for cash:
– January 2005, at $0.001	71,428	71	5,929	-		-		-		6,000
– January 2005, at $0.01	59,524	60	49,940	-		-		-		50,000
– March 2005, at $0.05	19,048	19	79,981	(8,000	)	-		-		72,000
Donated capital	-	-	9,600	-		-		-		9,600
Foreign currency translation adjustment	-	-	-	-		(559	)	-		(559	)
Net loss	-	-	-	-		-		(64,441	)	(64,441	)
Balance, September 30, 2005	150,000	150	145,450	(8,000	)	(559	)	(64,441	)	72,600
Share subscriptions received	-	-	-	6,000		-		-		6,000
Donated capital	-	-	9,600	-		-		-		9,600
Foreign currency translation adjustment	-	-	-	-		455		-		455
Net loss	-	-	-	-		-		(52,963	)	(52,963	)
Balance, September 30, 2006	150,000	150	155,050	(2,000	)	(104	)	(117,404	)	35,692
Donated capital	-	-	9,600	-		-		-		9,600
Share subscriptions received	-	-	-	2,000		-		-		2,000
Foreign currency translation adjustment	-	-	-	-		704		-		704
Net loss	-	-	-	-		-		(62,468	)	(62,468	)
Balance, September 30, 2007	150,000	150	164,650	-		600		(179,872	)	(14,472	)
Donated capital	-	-	9,600	-		-		-		9,600
Foreign currency translation adjustment	-	-	-	-		(329	)	-		(329	)
Net loss	-	-	-	-		-		(68,553	)	(68,553	)
Balance, September 30, 2008	150,000	150	174,250	-		271		(248,425	)	(73,754	)
Donated capital	-	-	29,600	-		-		-		29,600
Foreign currency translation adjustment	-	-	-	-		2,168		-		2,168
Net loss	-	-	-	-		-		(39,526	)	(39,526	)
Balance, September 30, 2009	150,000	150	203,850	-		2,439		(287,951	)	(81,512	)
Donated capital	-	-	131,691	-		-		-		131,691
Foreign currency translation adjustment	-	-	-	-		(2,439	)	-		(2,439	)
Net loss	-	-	-	-		-		(97,179	)	(97,179	)
Balance, September 30, 2010	150,000	150	335,541	-		-		(385,130	)	(49,439	)

~~The FDA may penalize companies for non-compliance in connection~~20 ~~with the development or approval of an ANADA in the following ways. The FDA can:~~

~~permanently~~PURE orMINERALS, ~~temporarily~~INC. ~~prohibit~~(Formerly ~~them~~Pure ~~from~~Pharmaceuticals ~~submitting~~Corporation) or(An ~~assisting~~Exploration ~~in the~~Stage ~~submission~~Company) ofNOTES anTO ~~ANADA;~~FINANCIAL STATEMENTS SEPTEMBER 30, 2010

temporarily deny approval of, or suspend applications to market, particular generic drugs;

1.	NATURE AND CONTINUANCE OF OPERATIONS

	The Company was incorporated in the State of Nevada on September 24, 2004. The Company initially operated in the animal health products industry focusing on generic medicated feed-additive pharmaceuticals that foster health in food producing animals. During the year ended September 30, 2010, the Company changed its business to the exploration and development of mineral properties. In conjunction with the change in business, the Company changed its name from Pure Pharmaceuticals Corporation to Pure Minerals, Inc. on June 26, 2010.

	Going Concern

	These financial statements have been prepared on a going concern basis. The Company has incurred losses since inception through September 30, 2010, resulting in an accumulated deficit of $385,130 and further losses are anticipated in the development of its business raising substantial doubt about the Company’s ability to continue as a going concern. Its ability to continue as a going concern is dependent upon the ability of the Company to generate profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management has plans to seek additional capital through a private placement of its common stock and loans. These financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts of and classification of liabilities that might be necessary in the event the Company cannot continue.

2.	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

	Basis of Presentation

	The financial statements of the Company have been prepared in accordance with generally accepted accounting principles (“GAAP”) in the United States of America and are presented in US dollars.

	Comparative Figures

	Certain prior year comparatives have been reclassified to conform to the current year’s presentation.

	Foreign Currency Translation

	Foreign denominated monetary assets and liabilities are translated to their United States dollar equivalents using foreign exchange rates which prevailed at the balance sheet date. Revenue and expenses are translated at average rates of exchange during the period. Related translation adjustments are reported as a separate component of stockholders' equity, whereas gains or losses resulting from foreign currency transactions are included in results of operations.

	Mineral Property Costs

	Mineral property acquisition costs are capitalized as incurred. Mineral property exploration costs are expensed as incurred until such time as economic reserves are quantified. Mineral properties are reviewed for impairment whenever events and changes in circumstances indicate that the carrying amount may be impaired. In performing the review for impairment, the Company estimates the future cash flows expected to result from use of the asset or its eventual disposition. If the fair value exceeds the carrying value and impairment loss is recognized.

~~suspend the distribution of all drugs approved or developed pursuant to~~21 ~~ANADAs of such companies;~~

withdraw approval of an ANADA;

2.	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

	Exploration Stage Company

	The Company is considered to be in the exploration stage.

	Use of Estimates and Assumptions

	The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates estimates and assumptions. 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. The most significant estimates with regard to these financial statements relate to deferred income tax amounts, rates and timing of the reversal of income tax differences.

	Net Loss per Share

	Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. Because the Company does not have any potentially dilutive securities, diluted loss per share is equal to basic loss per share.

	Financial Instruments

	The fair value of the Company's financial instruments, consisting of cash, accounts payable, and long term loans, are estimated to be equal to their carrying value. It is management's opinion that the Company is not exposed to significant interest, currency or credit risks arising from these financial instruments.

	Income Taxes

	Deferred income taxes are provided for tax effects of temporary differences between the tax basis of assets and liabilities and their reported amounts in the financial statements. The Company uses the liability method to account for income taxes, which requires deferred taxes to be recorded at the statutory rate expected to be in effect when the taxes are paid. Valuation allowances are provided for a deferred tax asset when it is more likely than not that such asset will not be realized.

	Management evaluates tax positions taken or expected to be taken in a tax return. The evaluation of a tax position includes a determination of whether such a tax position should be recognized in the financial statements. A tax position should only be recognized if the Company determines that it is more likely than not that the tax position will be sustained upon examination by the tax authorities, based upon the technical merits of the position. For those tax positions that should be recognized, the measurement of a tax position is determined as being the largest amount of benefit that is greater than fifty percent likely of being realized upon ultimate settlement.

~~seek civil penalties against such company; and~~ 22

~~under~~2. ~~appropriate~~SUMMARY ~~procedures~~OF SIGNIFICANT ACCOUNTING POLICIES (continued) Stock-based Compensation The Company accounts for stock based compensation arrangements using a fair value method and records such expense on a straight-line basis over the vesting period. Recent Accounting Pronouncements Recent pronouncements issued by Financial Accounting Standards Board (“FASB”) or other authoritative standards groups with future effective dates are either not applicable or are no expected to be significant to the financial statements of the Company. 3. LONG TERM LOANS On May 16, ~~significantly~~2008, ~~delay~~the Company received a loan of $40,000 from a third party. The loan was unsecured and would mature three years from the ~~approval~~date of the loan. The interest rate was 8% per annum, due on each anniversary of the loan. The loan balance including accrued interest of $2,717 was fully repaid on March 1, 2010. On February 28, 2009, the Company received a loan of $15,390 (CAD $16,500) from a third party. The loan was unsecured and matured three years from the date of the loan. The interest rate was 8% per annum, due on each anniversary of the loan. The loan balance including accrued interest of $144 was fully repaid on November 6, 2009. 4. COMMON STOCK The total number of authorized common stock that may be issued by the Company is 100,000,000 shares of stock with a par value of $0.001 per share. During the year ended September 30, 2010, the Company completed an 84 for one (84:1) reverse stock split of its common shares. All shares and per share information in these financial statements has been retro-actively restated for all periods presented to give effect to this reverse stock split. The Company has not granted any ~~pending~~ ~~ANADA~~common stock options or warrants since inception. 5. RELATED PARTY TRANSACTIONS The Company leased office space from a director of the Company and the lease expired on September 24, 2010. The Company records an equivalent fair value of $800 per month as donated capital. All related party transactions are in the normal course of operations and are measured at the exchange amount, which is the amount of consideration established and agreed to by the related parties.

~~ITEM 1A. RISK FACTORS.~~23

An investment in our common stock involves a number of very significant risks. You should carefully consider the risks described below and the other information in this Annual Report before deciding whether to purchase our shares of common stock.

6.	INCOME TAXES

	As of September 30, 2010, the Company has estimated tax loss carry forwards for tax purposes of approximately $327,000 (2009: $240,000), which would expire over time by 2030. These amounts may be applied against future federal taxable income. Utilization of these carry forwards is dependent on the Company generating sufficient future taxable income to offset the losses. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization has not been determined to be more likely than not to occur.

	The actual income tax provision differs from the expected amount calculated by applying the statutory income tax rate to the Company’s loss before income taxes. The components of these differences are as follows:

Our business, financial condition, results of operations and cash flow, could be materially adversely affected by any of these risks. The value of our shares of common stock could decline due to any of these risks, and you may lose all or part of your investment.

	September 30,
	2010		2009
	$		$

Loss before income tax	(97,179	)	(39,526	)
Statutory tax rate	35.00%		35.00%

Expected tax recovery	(34,013	)	(13,834	)
Decrease resulting from:
Amounts not deductible for tax	3,360		3,360
Unrecognized loss carry forward applied	30,653		10,474
Income tax provision	-		-

~~This~~The ~~Annual~~Company’s ~~Report also contains forward~~tax-~~looking~~effected ~~statements~~deferred ~~that~~ tax ~~involve~~asset ~~risks~~is ~~and~~estimated ~~uncertainties. Our actual results could differ materially from those anticipated in these forward-looking statements~~ as ~~a result of certain factors, including the risks faced by us described below.~~ follows:

As a development-stage company, we have a very limited operating history on which to base an evaluation of our prospects and our business plan has not been tested. We expect to incur significant losses into the foreseeable future.

	September 30,
	2010		2009
	$		$

Net future tax impact from operating loss carry forwards	114,627		83,974
Valuation allowance	(114,627	)	(83,974	)
Net deferred tax asset	-		-

The Company is a development stage company. We are in the exploratory phase of identifying generic MFAs that we intend to test and register. Since incorporation on September 24, 2004, we have been involved primarily in organizational activities only. We have earned very limited revenues as of the date of this Annual Report and are proposing to enter the highly competitive animal-health market. Our plans for identifying, developing and marketing generic MFAs products may not be successful and we may never attain significant sales or profitability. Due the extraordinary circumstances facing the world economy in 2009, and moving forward into 2010, and it particular effects on the MFA industry, the Company is focused on survival; and looking to extract any strategies to extract shareholder value whether corporately or operationally. The Company’s lack of funding has exacerbated its ability to pursue its business plan. To that end, the Company is exploring alternatives which alternatives may include the sale of the Company to others, mergers, or some other form of disposition. The Company entered into a non-binding letter of intent on July 21, 2009 which provided that the Company may enter into a merger agreement or share exchange. The letter of intent expired on July 23, 2009 and, as at the date hereof, a definitive agreement has not yet been entered into. The Company continues to explore this opportunity as well as others.

7.	PLANNED ACQUISITION

	On June 14, 2010, the Company entered into a share exchange agreement (the “Share Exchange Agreement”) with the shareholders of 7167415 Canada Inc. (“7167415”), a privately owned, unrelated mineral exploration company that owns mining claims in the Province of Quebec, Canada Pursuant to the Share Exchange Agreement, all of the outstanding shares of 7167415 will be acquired by a newly incorporated subsidiary of the Company, (the “Share Exchange”). In connection with the Share Exchange, the Company will acquire 100% of the outstanding capital stock of 7167415 and the stockholders of 7167415 will receive preferred shares of a newly incorporated subsidiary exchangeable into 7,350,000 shares of the Company’s common stock. As a result of the Share Exchange, the stockholders of 7167415 will control approximately 98% of the Company’s outstanding common stock. As at financial statement filing date, the Share Exchange Agreement had not closed.

	During the year ended September 30, 2010, the Company received $122,091 from 7167415 to repay long-term loans and to fund operating expenses. These funds were donated to the Company and the Company has no obligation to repay these funds. Accordingly, the $122,091 was recorded as additional paid in capital.

Potential investors should be aware of the difficulties normally encountered by new companies and the high rate of failure of such enterprises. The likelihood of success must be considered in light of the current systemic market conditions, problems, expenses, difficulties, complications and delays 24

18ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE.

~~encountered in connection with the business that we plan to undertake~~None. These potential problems include, but are not limited to, the financial viability of the company as a ongoing concern, financial viability of licensing agreements for the marketing of third-party owned MFAs, unanticipated problems relating to the completion of due diligence for identifying MFAs available for generic manufacture and sale, obtaining the required regulatory approvals for such identified MFAs and the manufacturing and marketing thereof, and additional costs and expenses that may exceed current estimates.

IfITEM we can continue as an ongoing concern and if and when an MFA which management believes could be economically viable is finally identified, obtaining the required regulatory approvals for the identified MFA is expected to take between 24 and 36 months9A. ~~This~~CONTROLS ~~will~~AND ~~require additional financing and we will incur increased expenses in connection therewith~~PROCEDURES. ~~We therefore expect to incur significant losses into the foreseeable future.~~

~~There~~Evaluation isof noDisclosure ~~history~~Controls ~~upon~~and ~~which~~Procedures. toThe Company's ~~base~~Management ~~any~~under ~~assumption~~the supervision and with the participation of the Principal Executive Officer and the Principal Financial Officer are responsible for establishing and maintaining "disclosure controls and procedures" (as defined toin the Exchange Act) for the Company. Based on their evaluation of the ~~likelihood~~Company's ~~that~~disclosure ~~our~~controls ~~business~~and ~~will~~procedures ~~prove~~as ~~successful~~of September 30, ~~and~~2010, itthe Company's isManagement ~~possible~~has concluded that wethe Company's disclosure controls and ~~may~~procedures were not ~~generate~~effective ~~adequate~~due ~~operating~~to ~~revenues~~the ~~(if~~lack ~~any~~of atsegregation ~~all)~~of orduties ~~achieve~~to ensure ~~profitable~~that ~~operations~~the information required to be disclosed by the Company under the Exchange Act was recorded, processed, summarized and reported within the time periods specified in the Exchange Act and accumulated and communicated to the Company's Management, including the Principal Executive Officer and the Principal Financial Officer, to allow timely decisions regarding required disclosure.

WeChanges ~~expect~~in toInternal ~~face~~Control ~~competition~~over ~~from~~Financial aReporting. During ~~number~~the last quarter of ~~companies~~the Company's fiscal year ended September 30, ~~some~~2010, ofthere ~~which~~were ~~have~~no ~~greater~~changes in the Company's internal control over financial reporting ~~and~~during ~~other~~the ~~resources~~period ~~than~~covered weby ~~do.~~this report that have materially affected, or are reasonably likely to materially affect, the Company's internal control over financial reporting.

~~The~~Limitations ~~animal~~on ~~health~~the ~~business~~Effectiveness isof ~~extremely competitive~~Controls. WeA ~~have~~control ~~experienced~~system, ~~and~~no ~~expect~~matter tohow ~~continue~~well ~~experiencing~~conceived and operated, ~~significant~~can ~~competition~~provide inonly ~~the~~reasonable, ~~marketplace.~~not ~~Although~~absolute, weassurance ~~believe~~that wethe ~~may~~objectives ~~have~~of athe ~~proprietary~~control ~~niche,~~system ~~the~~are ~~size~~met. Because of the ~~animal~~inherent ~~health~~limitations ~~industry~~in all control systems, ~~specifically~~no ~~the~~evaluation ~~generic~~of controls ~~MFA~~can ~~marketplace,~~provide ~~and~~absolute ~~many factors~~assurance ~~beyond~~that ~~our~~all control issues, ~~including~~if ~~government regulation~~any, ~~will likely~~within ~~encourage~~a ~~other~~company ~~competitors~~have been detected. InThe ~~particular,~~Company's ~~several~~disclosure ~~large~~controls ~~companies~~and ~~whose~~procedures ~~product~~are ~~portfolio~~designed ~~includes~~to ~~patented~~provide orreasonable ~~generic~~assurance ~~MFA~~of ~~products~~achieving ~~that~~their ~~are~~objectives, ~~similar to~~and orthe ~~are~~Principal ~~variations~~Executive ofOfficer orand ~~constitute~~ the ~~functional~~Principal ~~equivalents~~Financial ofOfficer ~~our identified~~have ~~MFAs~~concluded ~~will~~that ~~compete~~these ~~with~~controls usand ~~(see~~procedures ~~"Description~~are ofeffective ~~Business-Competition"~~at ~~for~~the ~~more~~"reasonable ~~details).~~assurance" level.

~~Many~~ITEM ~~of the companies that will be in direct competition with us have significantly greater resources, more personnel and longer operating histories than we do~~9A(T). ToCONTROLS ~~the~~AND extent that these companies or new entrants into the market offer comparable products to MFAs which we may identify, at lower prices, our business, results of operations, financial condition and cash flows could be materially adversely affectedPROCEDURES.

~~Our~~Not ~~competitive position will be based principally on our licensing agreements, product registrations, customer service, product quality, and the selling prices of our identified MFAs~~applicable. Our competitors can be expected to continue to improve the design and performance of their products and to introduce new products with competitive price and performance characteristics. We may not have sufficient resources to establish or maintain a competitive position or market share.

WeITEM ~~may~~9B. ~~experience~~OTHER ~~difficulty raising additional capital, which could result in the failure of our business~~INFORMATION.

~~We currently have limited operations and revenues~~None. Our current operating funds are not sufficient to fund the costs of implementing our entire business plan, including obtaining the required regulatory approvals for MFAs which we are in the process of identifying. As of September 30, 2009, we had cash in the amount of $8,573. We will need to obtain additional financing in order to implement our business plan.

~~Our~~ITEM ~~business~~10. ~~plan calls for significant expenses in connection with the marketing of third-party owned MFAs~~DIRECTORS, ~~completing~~EXECUTIVE ~~due~~OFFICERS ~~diligence~~AND ~~in connection~~CORPORATE ~~with the identification of MFAs available for generic manufacture and sale and obtaining the required regulatory approvals~~GOVERNANCE. ~~While we have commenced the marketing of one MFA (Oxytetracycline) and the identification process and have sufficient funds to meet~~

19Each director is elected by our shareholders to hold office for the terms specified in the Articles of Incorporation, and until their successors have been elected as provided in the Articles of Incorporation or until removed from office in accordance with our Bylaws. We currently have two directors, Dr. Nicolas Matossian and Charles Buisson who was elected to serve in such capacity until his successor shall have been duly elected and qualified. Each of our officers is appointed by the Board and serves until he or she is removed from office.

our present expenses for preliminary analysis of identified MFAs, we will soon require additional financing to: (i) purchase and store more Oxytetracycline for sale in Canada; (ii) commission a third party to complete a comprehensive due diligence of the identified MFAs; (iii) obtain regulatory approvals which are estimated to cost approximately $3.0 million per MFA; and (iv) cover our anticipated administrative costs.25

WeThe ~~do not currently have any arrangements for obtaining such financing. Obtaining additional financing will be subject to a number of factors~~name, ~~including~~ ~~general~~age ~~market~~and ~~conditions.~~position ~~These factors may make the timing, amount, terms or conditions~~ of ~~additional financing unfavorable from the Company's standpoint. If we do not obtain a sufficient amount of additional financing,~~ our ~~business could~~present ~~fail.~~officers Asand ~~a result, the Company is considering alternative strategies to~~director ~~extract~~are ~~shareholder~~set ~~value.~~forth below:

We have a going concern opinion from our auditors, indicating the possibility that we may not be able to continue to operate without adequate financing.

Name	Age	Position(s)	Term as Director

Nicolas Matossian	70	President, Principal Executive Officer, Acting CFO and director	Indefinite

Charles Buisson		Director	Indefinite

The ~~Independent~~following ~~Auditor's~~provides ~~Report~~certain tobackground ~~our~~information ~~audited financial~~about ~~statements~~each ~~for the period ended September 30, 2009 included in this Annual Report indicates that there are a number~~ of ~~factors that raise substantial doubt about~~ our ~~ability~~current todirector ~~continue as a going concern. Such factors identified in the report include that we need to generate profitable operations~~ and ~~are in need of obtaining adequate financing. If we are not able to continue as a going concern, it is likely that investors will lose all or a part of their investment.~~ officers:

IfNicolas ~~sales~~Matossian ofPhD, ~~our~~Chairman ~~"third-party~~and ~~MFAs"~~CEO, ~~including Oxytetracycline,~~Acting ~~do not gain market acceptance it is unlikely that we will become profitable.~~ CFO

WeDr. ~~have~~Matossian ~~begun~~has ~~marketing~~extensive ~~Oxytetracycline~~experience in ~~Canada~~the resource industry, ~~through~~including athe mineral and petroleum industries where he has headed ~~DIN~~numerous private and public companies and limited partnerships, as well as owning or controlling private companies that isare ~~licensed~~active ~~from~~in amineral ~~related~~and ~~party~~petroleum exploration. (aDr. ~~company~~Matossian ~~owned~~serves byand ~~our~~has served on the Board of several public companies, listed on Canadian, US, Asian and UK exchanges. He was the COO and director of International Chemalloy Corp, Mra major producer of cesium and tantalum, and he was instrumental in assembling the Red Lake area claims for Consolidated Goldfields. In addition, until 1999 Dr. Matossian was President/COO ~~Roger~~and ~~Gordon~~director of Cedar Group a Public U.S. holding company for Mc Connell Dowell Group (Australia), Davie Shipbuilding, Dominion Bridge Inc, Steen Corporation (pipeline) and Unimetric Mfg Corp. ~~Our~~Previously, ~~commercial~~he ~~success~~was ~~with~~the ~~Oxytetracycline~~CEO and ~~other~~managing partner ~~MFAs~~of ~~will~~Grey Horse Resources, Great West Oil and Gas Co. and Rosebud River ~~depend~~Gas onTransmission. Dr. Matossian has worked as a ~~variety~~consultant for the Federal Government and for the governments of ~~factors~~BC, ~~including:~~Alberta, NWT, Manitoba, Quebec, New Brunswick and Nova Scotia. Dr. Matossian received his Bachelor of Arts from McGill University and received his MBA from Harvard University and received his PhD in Economics from McGill University.

~~our~~Charles ~~ability~~Buisson, ~~to convince customers and potential industry partners that our product is an attractive alternative to other similar products on the market.~~ Director

~~our~~Mr. ~~ability~~Charles Buisson has extensive international management and administration expertise dealing with planning and profitability models. As President of CB International he was responsible for the commercial management of enterprises, marketing, development and computerized control and procedures. From 1998 to ~~manufacture~~2001 ~~products~~he was the Managing Director of ICT Group, a company providing international construction technology for large scale projects. Mr. Buisson is currently the owner and CEO of Globe Asphalte a rapidly expending construction services company. Mr. Buisson has been instrumental in ~~sufficient~~assembling ~~quantity~~and analyzing the Company’s mineral claims and maintains valuable relations with ~~acceptable~~the Quebec ~~quality~~Department ~~and~~of atMines. anMr. ~~acceptable~~Buisson ~~cost;~~received his Bachelor of Business Administration degree from the University of Lyon, France, as well as Masters in Marketing and Administration from the University of Lyon. Significant Employees. Other than our executive officers listed above, we do not have any significant employees.

~~our~~Family ~~ability~~Relationships. toThere ~~place~~are ~~and~~no ~~service~~family ~~sufficient~~relationships among ~~quantities~~our ofdirectors ~~our~~or ~~products~~officers.

IfInvolvement ~~our~~in ~~products~~Certain doLegal ~~not~~Proceedings. ~~achieve~~Our ~~a significant level of market acceptance~~directors, executive ~~demand~~officers ~~for~~and ~~our~~control ~~products~~persons ~~will~~have not ~~develop~~been asinvolved ~~expected~~in ~~and~~any itof isthe ~~unlikely~~following ~~that~~events weduring ~~will~~the ~~become~~past ~~profitable.~~five years:

~~The~~1. ~~manufacturers~~any bankruptcy petition filed by or against any business of ~~identified~~which ~~MFAs~~such ~~will~~person bewas ~~located overseas.~~a ~~Disruptions~~general partner or ~~delays~~executive officer either at the time of the bankruptcy or within two years prior to that time; 2. any conviction in ~~manufacturing~~a criminal proceeding or ~~transporting~~being ~~the~~subject ~~MFAs~~to ~~from overseas~~a ~~could~~pending ~~adversely~~criminal ~~affect~~proceeding ~~our~~(excluding ~~business~~traffic violations and other minor offenses); 3. being 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; or

The Company currently has no manufacturing facilities or ability to produce its intended products. We expect to outsource the manufacture of our products to third-parties in Asia as this is we believe that this is more cost-effective compared to domestic production as labour costs, a primary component of the MFA manufacturing process, are generally substantially lower in Asia compared to North America. 26

~~The Company has identified Jiangxi Pharmaceutical Factory located in China as its supplier for Oxytetracycline~~4. ~~Currently~~being itfound isby ~~purchasing Oxytetracycline~~a ~~from~~court ~~this~~of ~~FDA~~competent ~~approved~~jurisdiction ~~factory~~ (~~see~~in ~~FDA~~a ~~website~~civil ~~at http://www.fda.gov/cvm/VMF/vmf_sort2.htm~~action), ~~via~~the anSecurities ~~agent.~~and AsExchange weCommission ~~identify more MFAs to license/represent~~ or ~~register~~the ~~and~~Commodity ~~produce;~~Futures weTrading ~~expect~~Commission to ~~outsource the~~have ~~manufacturing~~violated toa ~~other~~federal ~~third~~or ~~parties~~state insecurities ~~China~~ or ~~India~~commodities ~~who~~law, ~~are~~and ~~yet to be identified. In~~ the ~~event~~judgment ~~that~~has ~~the~~not ~~Company~~been ~~cannot~~reversed, ~~find~~suspended, ~~manufacturers to produce the identified MFAs~~ or ~~such manufacturers are unable to produce the MFAs or are able to~~ vacated.

20Code of Ethics.To date, due to our limited operating history, the Board has not adopted a Code of Ethics.

~~produce~~Nomination ~~the~~Process. ~~quantities~~As ~~that~~of weSeptember ~~order~~30, ~~only~~2010, atwe adid ~~prohibitive~~not ~~cost,~~effect ~~this~~any ~~could~~material ~~have~~changes ato ~~material~~the ~~adverse~~procedures ~~effect~~by onwhich our ~~business~~shareholders may recommend nominees to the Board.

~~Our~~Audit ~~plans~~Committee toFinancial ~~rely on third-party contractors to manufacture our products may expose us to the risk of not being able to directly oversee the production and quality of the manufacturing process~~Expert. ~~Furthermore,~~At ~~these contractors,~~this ~~whether foreign or domestic~~time, ~~may experience regulatory compliance~~given ~~difficulties,~~our ~~mechanical~~stage ~~shutdowns, employee strikes or other unforeseeable acts that may delay production. Once production~~ of ~~our identified MFAs begin~~development, ~~if at all,~~ we ~~will~~do not have ~~only~~an ~~limited~~audit ~~experience~~committee ~~instructing,~~financial ~~supervising and~~expert ~~overseeing~~serving ~~all~~on ~~aspects of~~ the ~~manufacturing~~Board ~~process of the manufacturer. If we fail to adequately establish, supervise,~~ and ~~conduct all aspects of~~ the ~~manufacturing~~ ~~processes,~~Board weas ~~may~~a ~~not~~whole beserves ~~able~~as ~~to commercialize~~ our ~~products~~audit committee.

~~All~~Section ~~manufactured~~16(a) ~~MFA~~Beneficial ~~products~~Ownership ~~will~~Reporting beCompliance. Section ~~shipped~~16(a) toof usthe ~~from~~Exchange Act requires our executive officers and ~~overseas~~directors, byand ~~air~~persons orwho ~~sea.~~beneficially ~~Any~~own ~~disruption~~more orthan ~~delay~~10% of our equity securities, to file reports of ownership and changes in ownership with the ~~delivery~~SEC. Officers, ofdirectors ~~our~~and ~~products~~greater than 10% shareholders are required by SEC regulation to furnish us ~~could~~with ~~have~~copies of all Section 16(a) ~~material~~forms ~~adverse~~they ~~effect~~file. Based on our ~~business.~~review of the copies of such forms we received, we believe that during the fiscal year ended September 30, 2010 all such filing requirements applicable to our officers and directors were complied with.

~~The~~ITEM ~~price of inputs for animal feed (e~~11.g. ~~corn)~~EXECUTIVE ~~for animal feed has increased significantly in cost~~COMPENSATION. ~~This may hamper the ability of farmers to accept additional "cost risk" which may materially adversely affect our business.~~

~~Corn~~Our ~~prices~~officers have ~~increased~~received ~~dramatically~~no incompensation ~~recent~~for ~~months~~their ~~from~~services ~~their~~to ~~historic~~us ~~averages~~to ~~(see~~date. ~~monthly~~We ~~price~~do ~~chart~~not ~~at: http://futures.tradingcharts.com/chart/CN/M).~~have ~~There~~any ~~are~~form ~~many~~of ~~factors~~stock ~~driving~~option ~~the price~~or ofequity ~~corn~~incentive ~~higher~~plan. As such, ~~including~~there ~~its~~were ~~use~~no asoutstanding anequity ~~emerging~~awards ~~fuel~~at ~~(ethanol). Management~~the ~~believes~~end ~~that~~of ~~until~~our ~~retail~~fiscal ~~customers~~year ended ~~are~~September ~~willing~~30, to2010. ~~pay~~In ~~more~~addition, ~~animal producers~~we ~~are~~have ~~going~~not toentered ~~continue~~into aany ~~cautious~~employment or ~~approach~~consulting ~~towards~~agreements ~~shouldering additional~~with ~~"cost~~our ~~risk"~~officers. ~~Such~~We ~~caution~~have ~~may~~not ~~result~~compensated inand ~~animal~~have ~~producers purchasing~~no ~~fewer~~arrangements ofto compensate our ~~products.~~directors ~~Any~~for ~~reduction~~their inservices ~~the~~to ~~amounts~~us. ofMembers ~~MFAs we are able to sell~~of tomanagement ~~animal~~shall ~~producers~~be ~~could~~paid ~~have~~ a ~~material~~commensurate ~~adverse~~salary ~~effect~~once onthe ~~our~~Company ~~business~~becomes profitable.

~~Failure~~ITEM to12. ~~obtain~~SECURITY ~~FDA~~OWNERSHIP ~~approval~~OF toCERTAIN ~~market~~BENEFICIAL ~~our~~OWNERS ~~products~~AND inMANAGEMENT ~~the United~~AND ~~States~~RELATED ~~may~~STOCKHOLDER ~~materially adversely affect our business~~MATTERS.

~~After~~The wefollowing ~~finally~~table ~~identify~~sets anforth, ~~economically~~as ~~viable~~at ~~MFA (i.e.~~January ~~complete market due diligence on it)~~12, ~~FDA approval~~2010, ~~among other approvals, is required before such identified MFAs may be marketed in~~ the ~~United States. In~~ ~~order~~total tonumber ~~obtain FDA approval~~ of anshares ~~MFA~~owned ~~product,~~beneficially weby ~~must,~~each ~~among~~holder ~~other things, demonstrate to the satisfaction~~ of ~~the~~five ~~FDA~~percent that the product is safe and effective for its intended uses and that the product is manufactured with procedures that conform to the FDA's good manufacturing practice, referred to as "GMP", regulations, which must be followed at all times. The process of ~~seeking~~our ~~FDA~~outstanding ~~approvals~~common ~~can be costly, time consuming, and subject to unanticipated and significant delays~~stock. ~~Such~~No ~~approvals~~other ~~may~~shareholders ~~not~~presently beown ~~granted~~five topercent ~~us on a timely basis,~~ or ~~at all. Any delay in obtaining or our failure to obtain any such approvals~~ ~~may~~more ~~materially~~of ~~adversely affect~~ our ~~business.~~total ~~See~~outstanding ~~"Business – Government Regulation~~shares."

Even if we receive FDA approval, our identified MFA products may not be commercially viable.

	Name and Address of	Amount and Nature of
Title of Class	Beneficial Owner	Beneficial Owner	Percentage of Class
Common	Roger Gordon, P.O. Box 55 1594 Stone Mill Park Bellona, NY 14415	3,750,000 (Direct)	29.8%

Common	Charlie Lee, P.O. Box 55 1594 Stone Mill Park Bellona, NY 14415	2,250,000 (Direct)	17.9%

Even if we are able to successfully receive FDA approval for our generic MFA products, our limited manufacturing experience, capacity and lack of a developed working relationship with our manufacturers may affect our ability to manufacture such products in sufficient quantities and at prices that will be commercially viable. Further, there is a risk that our products may not prove to be as effective as currently available competing products. The inability to successfully obtain FDA approval for our MFA products or a determination by us, for financial, technical or other reasons, not to complete development of any product or application, particularly in instances in which we have made sufficient capital expenditures could also have a materially adverse affect on our business. To that end, the Company has explored alternative strategies which include a possible merger or share exchange or could include some other form of disposition.27

21Dr. Matossian and Mr. Buisson do not own any shares of common stock but in connection with the share exchange with 7167415 they beneficially own 3,240,009 and 386,317 (post-split) shares which may be acquired upon exchangeable shares, respectively

~~The~~Changes ~~Company~~in ~~may~~Control. beWe ~~unable~~are tounaware ~~proceed~~of ~~with~~any ~~its~~contract, ~~current~~or ~~business~~other ~~plan~~arrangement ifor itprovision isof ~~unable~~our toArticles, ~~obtain~~the ~~required~~operation ~~regulatory~~of ~~approvals~~which may at any subsequent date result in a change in control of the Company.

~~Our~~Equity ~~plans~~Compensation ~~for identifying, developing and marketing generic MFA products may not be successful if we are unable obtain the required regulatory approvals for such MFAs~~Plans. ~~The~~To ~~process~~date of identifying and registering generic MFAs with applicable regulatory agencies such as the FDA is a lengthy one which requires significant financial resources and can be subject to unanticipated and significant delays. There can be no assurance that we ~~will~~have be successful in obtaining such approvals in the expected time period or at all. Further, it is possible that the costs and delays associated with compliance with the applicable regulatory standards could become so significant that it may not beadopted ~~economically~~any ~~viable~~equity ~~for~~compensation ~~the Company to proceed with the development and marketing of generic MFA products~~plans. In such event the Company may determine that its best interests would be served by considering alternative business strategies which could vary, even significantly, from the Company's current proposed business.

~~Legislative~~ITEM ~~and~~13. ~~regulatory~~CERTAIN ~~developments~~RELATIONSHIPS ~~relating~~AND toRELATED ~~the~~TRANSACTIONS, ~~use of~~AND ~~antibiotics~~DIRECTOR ~~in MFAs may hamper our operations and ability to generate revenue~~INDEPENDENCE.

~~The~~None ~~issue~~ of the ~~potential~~following ~~for~~persons ~~increased~~has ~~bacterial~~had, ~~resistance to~~since ~~certain antibiotics used in certain food-producing animals is~~ the ~~subject~~date of our ~~discussions~~incorporation, onany amaterial ~~worldwide basis and~~interest, indirect ~~certain~~or ~~instances~~indirect, ~~has led to government restrictions on the use of antibiotic MFAs~~ in ~~food-producing~~any ~~animals.~~transaction ~~Legislative~~with ~~bills~~us ~~are~~or ~~introduced~~ in ~~the~~any ~~U.S.~~presently ~~Congress~~proposed ~~from~~transaction ~~time~~that tohas ~~time,~~or ~~some~~will ofmaterially ~~which,~~affect ~~if adopted, could have a material adverse effect on our business.~~ us:

~~Discussions~~Any ofdirector the antibiotic resistance issue have recently become more active in the U.S. Various sources have published reports concerning the possible adverse effects of the use of antibiotics in food-producing animals. Some of these reports have asserted that major animal producers are reducing the use of antibiotics. It is uncertain what actions, if any, the FDA may take in connection with drug resistant bacteria in animal health products. However, the FDA has proposed a rating system to be used to compare the risks associated with the use of specific antibiotic products in food producing animals, including those to be sold by us. While we do not believe that the presently proposed risk assessment system would be materially adverse to our business, it is subject to change prior to adoption or ~~to later amendment.~~ officer;
InAny ~~addition,~~person ~~continuing~~who ~~studies~~beneficially ~~of the proper utilization~~owns, ~~safety~~ ~~and~~directly ~~efficacy~~or ~~of pharmaceuticals and other health care products are continually being conducted by industry~~indirectly, ~~government~~shares ~~agencies and others. These~~carrying ~~studies, which increasingly employ~~ more ~~sophisticated~~than ~~methods~~5% ~~and techniques, can question the utilization, safety and efficacy~~ of ~~previously marketed products and in some cases have resulted, and may in~~ the ~~future~~voting ~~result,~~rights inattached ~~the discontinuance of their marketing and give rise~~ to ~~claims~~our ~~for~~outstanding ~~damages~~shares ~~from person who believe they have been injured as a result~~ of ~~their use.~~ common stock;
~~Should~~Any ~~legislative,~~promoter; ~~regulatory or other developments, including an increased influence of consumer groups~~ and ~~other special interest lobbyists~~ on the legislative and/or regulatory process, result in restrictions on the sale of identified MFAs, it could have a material adverse effect on our business, financial position, results of operations and cash flows.
WeAny ~~may~~member ~~incur~~of ~~substantial~~the ~~liabilities~~immediate infamily ~~relation~~of ~~to product-liability~~any ~~lawsuits.~~of the foregoing persons.

~~The~~Director manufacture and sale of generic MFA products involve the risk of product-liability claims. Our insurance coverage, if any, may not be adequate to protect us from any liabilities which we may incur in connection with the commercialization of any of the identified MFAs. Product-liability insurance is expensive and in the future may not be available on acceptable terms, if at all. A successful product-liability claim or series of claims brought against us in excess of our insurance coverage would have a Independence

22We have determined that none of the Company's directors qualify as an independent director as the term independent is used in NASDAQ Marketplace Rule 4200(a)(15).

~~materially~~ITEM ~~adverse effect on our business, financial condition and results of operations~~14. InPRINCIPAL ~~addition,~~ACCOUNTANT ~~any~~FEES ~~claims,~~AND ~~even if not ultimately successful, could adversely affect the marketplace's acceptance of our products~~SERVICES.

~~Potential~~The ~~adverse~~following ~~effects~~sets onforth ~~human~~information ~~health~~regarding ~~linked to~~ the amount ~~raising~~billed orto ~~consumption~~us ofby ~~food-producing~~our ~~animals~~independent ~~that~~auditors ~~utilize~~in ~~MFAs~~the ~~could~~fiscal ~~result in~~periods aindicated ~~decrease~~for inthe following ~~our~~fees ~~sales.~~and services:

~~Should~~Audit the government find, or the public perceive, a risk to human health from the consumption of food-producing animals which utilize MFAs (such as "Mad Cow" disease) or as a by-product to the raising of such animals (such as the effect of animal waste products on human health), the sale of such food products may decrease resulting in a decline in the use of our products, which could have a material adverse effect on our results of operations, financial condition or cash flows.Fees

WeThe ~~may~~aggregate befees ~~adversely~~billed ~~affected~~for each of the last two fiscal years for professional services rendered by ~~price~~the ~~competition~~principal accountant for the audit of the registrant’s annual financial statements or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for those fiscal years are as follows: (i) for the fiscal year ~~extension~~ending ofSeptember ~~patent~~30, ~~exclusivity~~2010: US$ 10,000 (estimate) and (ii) for the fiscal year ending September 30, 2009: US$ 7,500.

~~The~~Audit-Related generic pharmaceuticals business has historically been subject to intense competition, particularly on the basis of price. As patents and other bases for market exclusivity of branded pharmaceuticals expire, prices typically decline as generic competitors, such as us, enter the marketplace. Normally, there is a further unit price decline as the number of generic competitors increases. The timing of these price decreases is unpredictable and can result in a significantly curtailed period of profitability for a generic product. In addition, brand name and patented pharmaceuticals manufacturers frequently take actions to prevent or discourage the use of generic equivalents. These actions may include: Fees

~~filing~~The ~~new~~aggregate ~~patents~~fees onbilled ~~products~~in ~~whose~~each ~~original~~of ~~patent~~the ~~protection~~last istwo ~~about~~fiscal years for assurance and related services by the principal accountant that are reasonably related to the performance of the audit or review of the registrant’s ~~expire;~~financial statements and are not reported under the previous item, Item 9(e)(1) of Schedule 14A, are as follows: (i) for the fiscal year ending September 30, 2010: US$8,500 and (ii) for the fiscal year ending September 30, 2009: US$8,500. The nature of these audit-related services was primarily comprised of a review of the quarterly financial statements.

~~developing~~Tax ~~product improvements;~~ Fees

~~increasing~~The ~~marketing~~Company ~~initiatives~~was ~~and~~billed ~~filing~~$1,250in ofthe ~~additional~~fiscal ~~litigation;~~year ~~and~~ended September 30, 2010 for tax compliance services rendered to the Company.

~~litigation.~~ 28

AAll ~~decline~~Other in the market price for MFAs identified by us or protective actions taken by brand name and patented pharmaceuticals manufacturers could have a material adverse effect on our business, results of operations, financial condition and cash flows. Fees

~~Additional~~Apart ~~capital~~from ~~raised~~as ~~through~~disclosed ~~the~~above, ~~sale~~there were no other fees billed in each of ~~share~~the ~~capital~~last two fiscal years for products and services provided by the ~~will~~principal ~~cause~~accountant, ~~dilution~~other tothan ~~our~~the ~~existing~~services ~~shareholders~~reported in Items 9(e)(1) through 9(e)(3) of Schedule 14A.

~~The~~Policy ~~most~~on ~~likely~~Pre-Approval ~~source~~ of ~~additional~~Services ~~capital~~Performed ~~presently~~by ~~available~~Independent to us is through the sale of equity capital. Any sale of equity capital will result in dilution to our existing shareholders. Certain of the alternative strategies that the Company is considering could also involve dilution to our existing shareholders. This dilution could be significant. As a result, our net income per share, if any, could decrease in future periods, and the market price of our common stock could decline. Auditors

The ~~perceived~~Board ~~risk~~acts ofas ~~dilution may cause~~ our ~~stockholders~~audit ~~to sell their shares~~committee, ~~which~~and ~~would~~it ~~contribute~~is ~~to a downward movement in~~ the ~~stock~~Board's ~~price~~policy ofto ~~our~~pre-approve ~~common~~all ~~stock.~~audit ~~Moreover, the perceived risk of dilution~~ and ~~the resulting~~permissible ~~downward~~non-audit ~~pressure~~services onperformed ~~our stock price could encourage investors to~~by ~~engage~~the inindependent ~~short sales of our common stock~~auditors. ByWe ~~increasing~~approved ~~the~~all ~~number~~services ofthat ~~shares~~our independent ~~offered~~accountants ~~for~~provided ~~sale, material amounts of short selling could further contribute~~ to ~~progressive~~ ~~price~~us ~~declines~~ in ~~our~~the ~~common~~past ~~stock~~two fiscal years.

23ITEM 15. EXHIBITS AND FINANCIAL STATEMENTS SCHEDULES

If an active trading market for our common stock does not develop, shareholders may be unable to sell their shares.

Exhibit No.	Description
3.1	Articles of Incorporation⁽¹⁾
3.2	Bylaws⁽¹⁾
31.1	Rule 13a-14(a)/15(d)-14(a) Certification of Principal Executive Officer and Acting Chief Financial Officer.
32.1	18 U.S.C. Section 1350 Certifications of Chief Executive Officer and Acting Chief Financial Officer.

~~Although~~_______________________ we(1) ~~are~~Filed ~~reporting~~as ~~company and our common stock is quoted on the OTC Bulletin Board there is currently no active trading market for our common stock. There can be no assurance that~~ an ~~established~~exhibit ~~trading~~to ~~market will develop or that a liquid market for~~ our ~~common~~Registration ~~stock~~Statement ~~will~~on beForm ~~available~~SB-2 ~~in the~~filed ~~future.~~with ~~If no active trading market develops for our shares of common stock or there is insufficient liquidity in~~ the ~~shares,~~SEC iton ~~will~~June ~~be difficult for shareholders to sell their stock~~1, ~~if at all~~2006.

~~Trading on the OTC Bulletin may be volatile and sporadic, which could depress the market price of our common stock and make it difficult for shareholders to sell their shares.~~ SIGNATURES

~~Trading~~ Pursuant into ~~stock quoted on~~ the ~~OTC~~requirements ~~Bulletin~~of Section ~~Board~~13 isor ~~often~~15(d) ~~thin and~~of ~~characterized~~the bySecurities ~~wide~~Exchange ~~fluctuations~~Act inof ~~trading~~1934, ~~prices~~the ~~due~~registrant ~~to many factors~~has ~~that~~duly ~~may~~caused ~~have~~this ~~little~~report to dobe ~~with~~signed ~~our~~on ~~operations~~its orbehalf ~~business~~by ~~prospects. This volatility could depress~~ the ~~market~~undersigned, ~~for our common stock for reasons unrelated~~thereunto toduly ~~operating performance~~authorized.

WePURE ~~are~~MINERALS, ~~subject to penny stock rules and shareholders therefore may find it more difficult to sell their shares~~INC.

~~Our~~By: ~~shares~~s/s ofNicolas ~~common~~Matossian ~~stock~~Nicolas ~~constitute~~Matossian ~~penny stock under the Securities Exchange Act of 1934~~President, asPrincipal ~~amended,~~Executive ~~referred~~Officer to as the "Exchange Act". The classification of penny stock makes it more difficult for a broker-dealer to sell the stock into a secondary market, thus limiting investment liquidity. Any broker-dealer engaged by a purchaser for the purpose of selling his or her shares in the Company will be subject to rules 15g-1 through 15g-10 of the Exchange Act, which provide, among other things, that a broker-dealer deliver a standardized risk disclosure document prepared by the Securities and Exchange Commission, referred to as the "SEC", prior to a transaction in a penny stock, provide details of its compensation in a sale of penny stock and provide monthly statements showing the market value of each penny stock held in a customer's account. Rather than complying with these rules, some broker-dealers may refuse to sell our shares on behalf of a purchaser, which may limit the purchaser's ability to sell the shares.Director

We Pursuant ~~could~~to ~~terminate~~the ~~our~~requirements ~~SEC~~of the ~~Registration~~Securities Exchange Act of 1934, ~~which~~this ~~could~~report ~~cause~~has been signed below by the ~~our~~following ~~Common~~persons ~~Stock~~on tobehalf beof ~~de-listed~~the ~~from~~registrant and in the ~~OTC~~capacities ~~Bulletin~~and ~~Board.~~on the dates indicated.

~~Although~~By: the Company currently has no intention to de-register its common stock under the Exchange Act, there can be no assurance that the Company may not do so at some point in the future. If the Company were to take such action, it could inhibit the ability of the Company's/s ~~shareholders~~Nicolas toMatossian ~~trade the~~Nicolas ~~shares~~Matossian ~~in the open market~~President, ~~thereby~~Principal ~~severely~~Executive ~~limiting~~Officer ~~the liquidity of such shares. Furthermore, if we were to de-register, we would no longer be required to file annual~~ and quarterly reports with the SEC and would no longer be subject to various substantive requirements of SEC regulations. Termination of our SEC registration would reduce the amount of information available to investors about of the Company and may cause our common stock to be de-listed from the OTC Bulletin Board. In additionDirector, ~~investors~~Acting ~~would not have the protections of certain SEC regulations to which we would no longer be subject.~~CFO

WeDate: January ~~may not be able to enter into manufacturing agreements or other collaborative agreements on terms acceptable to us~~21, ~~if at all, which failure would materially and adversely affect our business.~~ 2011

We cannot be sure that we will be able to enter into manufacturing or other collaborative arrangements with third parties on terms acceptable to us, if at all. If we fail to establish such arrangements when and

By:	/s/ Charles Buisson
	Charles Buisson, Director

Date: January 21, 2011

as necessary, we could be required to undertake these activities at our own expense, which would significantly increase our capital requirements and may delay the development, manufacture and commercialization of the identified MFAs. If we cannot find ways of addressing these capital requirements, we would likely be forced to sell or abandon our business.

Our revenues will be dependent on the continued operation of our suppliers. Any disruption of these supply sources will have a materially adverse effect on our business

The operation of animal health and nutrition manufacturing plants involves many risks, including the breakdown, failure or substandard performance of equipment, power outages, the improper installation or operation of equipment, natural disasters and the need to comply with environmental and other directives of governmental agencies. The occurrence of material operational problems at our suppliers who will manufacture the identified MFAs, including, but not limited to, the above events, may adversely affect our business, results of operations, financial condition and cash flows during the period of such operational difficulties.

Many of the third parties with whom we will conduct business may depend on government approvals, and the failure to maintain these approvals could affect the supply and delivery of the identified MFAs to us or affect the promotion, distribution or sale of the identified MFAs.

We will have arrangements with third parties that depend on regulatory approvals provided to them. Our suppliers are subject to regulatory compliance similar to those described herein. If any one of these third parties is found to have significant regulatory violations, our business could be materially adversely affected if such violations result in an interruption of the supply of products to us. While we intend to take measures where economically feasible and available to secure back-up suppliers, it is possible that such contingency plans are unable to provide adequate and timely products to eliminate any threat of interruption of supply of the identified MFAs to our customers. If our contingency plans are unable to provide adequate and timely products to our customers, it is possible that this will have a materially adverse impact on our business.

The costs of producing the identified MFAs can be subject to price fluctuations, which may adversely effect our operations and financial condition

While the selling prices of the identified MFAs are expected to increase or decrease over time with the cost of producing them, such changes may not occur simultaneously or to the same degree. We may not be able to pass any increases in product costs through to our customers in the form of price increases. Significant increases in the costs of producing the identified MFAs, if not offset by product price increases, would have a material adverse effect upon our results of operations, financial condition and cash flows.

Rapid technological change in our competitive marketplace may render our proposed products obsolete or diminish our ability to compete.

The animal health market is competitive and subject to rapid technological advances. The discovery of new technologies, MFAs, and advances in the application of such technologies to the medical marketplace in general, and the animal health market in particular, may render our products obsolete or non-competitive. Any such changes and advances could force us to abandon our currently proposed product, which would have a material and adverse effect on the Company and its business.

We must hire and retain skilled employees or consultants and will be subject to high labor costs and related increased employment expenses. If we are unable to hire additional qualified personnel or consultants, our ability to continue the business may be harmed.

As the MFA registration process needs to be performed only once and as most participants in the registration industry are free agents, we anticipate that we will primarily utilize consultants and contract personnel, as opposed to employees, to implement the technical portions of our business plan. However, to the extent that we may have to hire full-time employees with expertise in preclinical testing, clinical research and testing, government regulation formulation, manufacturing and sales and marketing, we will be competing with numerous pharmaceutical companies, universities and other research institutions. Competition for such individuals, particularly in North America, is intense, and we cannot be certain that our search for such personnel will be successful.

Skilled consultants in the drug-registration industry are also in great demand. We will be competing for consultants against companies located in North America that are more established than we are and have the ability to pay more cash compensation than we do. We will require scientific personnel in many fields, some of which entail narrow competencies addressed by relatively few companies. As a result, depending upon the success and the timing of clinical tests, we may experience difficulty in retaining highly skilled consultants, particularly scientists. If we are unable to retain skilled scientists or consultants or scientists, our business, financial condition, operating results and future prospects could be materially adversely affected.

See "Description of Business - Requirements for Personnel and other Consultants" for a more detailed discussion of our personnel requirements.

Our Business plan depends upon the successful execution of collaborative arrangements on the part of third-parties who are outside our control.

If we enter into collaborative arrangements for the marketing or sale of our products, our product revenues are likely to be lower than if we marketed and sold our products ourselves. In addition, any revenues we receive would depend upon the efforts of our collaborators, which may not be adequate due to lack of attention or resource commitments, management turnover, and change of strategic focus, business combinations or other factors outside of our control. Depending upon the terms of the collaboration, the remedies we may have against an underperforming collaborator may be limited. If we were to terminate the relationship, it may be difficult or impossible to find a replacement collaborator on acceptable terms, if at all.

Because our directors own approximately 47.6% of our outstanding shares of common stock, they could make and control corporate decisions that may be disadvantageous to other shareholders.

Our directors own approximately 47.6% of the outstanding shares of our common stock. Accordingly, they will have a significant influence in determining the outcome of all corporate transactions or other matters, including mergers, consolidations, and the sale of all or substantially all of our assets. They will also have the power to prevent or cause a change in control. The interests of our directors may differ from the interests of our other shareholders and thus result in corporate decisions that are disadvantageous to other shareholders.

We may not successfully manage our objectives which could prevent achievement of our business plan and adversely affect our business

Our success will depend upon the effective management and execution of our business plan. This will place a significant strain on our management and on our administrative, operational and financial resources. To manage our objectives, we must expand our facilities, augment our operational, financial and management systems, and hire and train additional qualified personnel. If we are unable to manage our objectives effectively, this may adversely affect our business, results of operations, financial condition and cash flows.

We are dependent on key personnel, the loss of any of whom would likely have an adverse effect on our business

Our operations are dependent on the continued efforts of our officers, Roger Gordon and Charlie Lee, who have a significant amount of business experience in the MFA pharmaceuticals industry. The loss of the services of either of Messrs. Gordon or Lee could have a material adverse effect on us. We do not carry key-man life insurance.

Because our president and secretary have other business interests, they may not be able or willing to devote a sufficient amount of time to our business operations, which could result in an adverse effect on our business

Our President, Roger Gordon, and our Secretary, Charlie Lee, have other business interests in addition to their interests in us. Mr. Gordon is a proprietor and owner of Canadian Life Sciences Ltd. and owns stakes in various business interests outside of the Company related primarily the sale and trade of pharmaceutical and industrial chemicals and heavy farm equipment. Mr. Lee is a partner in Now Trading which specializes in the sale and trade of consumer durables from Asia.

Mr. Gordon and Mr. Lee currently devote 25% of their working time, or 10 hours a week, to the Company. It is expected that once the MFA registration process is complete and the Company achieves a financial condition where it can adequately compensate management on a non-equity basis, management shall ensure a commensurate increase to the time it devotes to the affairs of the Company. While Mr. Gordon and Mr. Lee presently possess adequate time to attend to our interests, it is possible that the demands on Mr. Gordon and Mr. Lee from their other obligations could increase with the result that they would not be able to devote sufficient time to the management of our business, which could have a material adverse effect on our business.

Currency exchange rate fluctuations may adversely affect the financial position of our Company

The Company maintains or seeks to maintain operations in several countries and as a result is exposed to foreign currency risk to the extent that the expenditures incurred by the Company are not denominated in the Company's functional currency, Canadian Dollars. Any significant increase or decrease in the value of the currencies to which the Company is exposed to would have a significant impact on the financial position of our business. Currently, the Company does not use derivative instruments to reduce its exposure to foreign currency risk.

Note regarding forward-looking statements

This Annual Report contains "forward-looking statements" that relate to future events or future financial performance. These statements can be identified by words such as "estimates", "projects", "scheduled", "anticipates", "expects", "intends", "plans", "will", "should", "believes", or their negatives or other comparable words, or by discussions of strategy that involve risks and uncertainties. We caution you that no statements contained in this Annual Report should be construed as a guarantee or assurance of future performance or results. These statements are subject to a number of risks and uncertainties, including the

risks and uncertainties outlined in the "Risk Factors" section, many of which are beyond our control. The actual results that we achieve may differ materially from any forward-looking statements due to such risks and uncertainties. We wish to caution the reader that these forward-looking statements are only estimates or predictions, such as statements regarding the:

identifying medicated feed additives, referred to as "MFAs", for generic manufacture and sale;

obtaining of regulatory approvals;

development of our business; and

demand and prices for identified MFAs.

We do not undertake any obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise. Although we believe that our plans, intentions and expectations reflected in or suggested by the forward-looking statements we make in this Annual Report are reasonable, we can give no assurance that such plans, intentions or expectations will be achieved. Actual events or results may differ materially due to risks facing us or due to actual facts differing from the assumptions underlying our predictions.

We advise the reader that these cautionary remarks expressly qualify in their entirety all forward-looking statements attributable to us or persons acting on our behalf.

ITEM 1B. UNRESOLVED STAFF COMMENTS.

We currently do not have any unresolved staff comments.

ITEM 2. PROPERTIES.

We currently do not own any property. We currently lease our principal office and warehouse located at 1594 Stone Mill Park, Bellona, New York from the director of the Company, Mr. Roger Gordon, for a nominal rent. The premises are in good repair and provide about 3000 square feet of storage space. The lease expires in September 2010. If the lease expires or is terminated for any reason, the Company intends to relocate to alternative premises in upstate New York owned by a third party who is yet to be identified.

ITEM 3. LEGAL PROCEEDINGS.

We are not currently a party to any legal proceedings.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

No matters were submitted to a vote of security holders, through the solicitation of proxies or otherwise during the fiscal year ended September 30, 2009.

PART II

ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES.

Market Information. There is currently no public trading market for our common stock. There can be no assurance that an established trading market will develop or that a liquid market for our common stock will be available in the future. The Company has not granted any common stock options or warrants since inception.

Holders of our Common Stock. As at January 14, 2009, there were approximately 52 holders of record of our common stock and a total of 12,600,000 shares of common stock were outstanding.

Dividend Policy. Since our inception, we have not declared nor paid any cash dividends on our common stock and we do not anticipate paying any cash dividends in the foreseeable future. Our current policy is to retain any earnings in order to finance the expansion of our operations. The Company's of directors (the "Board") will determine future declarations and payments of dividends, if any, in light of the then-current conditions they deem relevant and in accordance with applicable corporate law.

There are no restrictions in our articles of incorporation or bylaws that prevent us from declaring dividends. The Nevada Revised Statutes, however, do prohibit us from declaring dividends if, after giving effect to the distribution of the dividend:

	1.	We would not be able to pay our debts as they become due in the usual course of business; or
	2.	Our total assets would be less than the sum of our total liabilities plus the amount that would be needed to satisfy the rights of shareholders who have preferential rights superior to those receiving the distribution.

Equity Compensation Plans. To date we have not adopted any equity compensation plans.

Recent Sales of Unregistered Securities. We issued 6,000,000 shares of common stock on September 24, 2004 to Roger Gordon, our President, and Charlie Lee, our Secretary. These shares were issued pursuant to Section 4(2) of the Securities Act of 1933 (the "Securities Act") at a price of $0.001 per share, for total proceeds of $6,000. The 6,000,000 shares of common stock are restricted shares as defined in the Securities Act.

We completed an offering of 5,000,000 shares of our common stock at a price of $0.01 per share to a total of 10 purchasers on February 13, 2005. The total amount we received from this offering was $50,000. We also completed an offering of 1,600,000 shares of our common stock at a price of $0.05 per share to a total of 40 purchasers on August 1, 2005. The total amount we received from this offering was $80,000. We completed both these offerings pursuant to Regulation S of the Securities Act. Each purchaser represented to us that they were a non-US person as defined in Regulation S. We did not engage in distribution of these offerings in the United States. Appropriate legends were affixed to the stock certificate issued to each purchaser in accordance with Regulation S. None of the securities were sold through an underwriter and accordingly, there were no underwriting discounts or commissions involved. No registration rights were granted to any of the purchasers.

Proceeds. We did not receive any proceeds from the sale of the shares of common stock by the selling shareholders under a Registration Statement on Form SB-2 filed with the SEC on June 1, 2006.

Purchases of Equity Securities by the Issuer and Affiliated Purchasers. We did not purchase any of our shares of common stock or other securities during our fiscal year ended September 30, 2009.

ITEM 6. SELECTED FINANCIAL DATA

ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.

Results of Operations for the Period ended September 30, 2009

We had net revenue in the amount of $8,310 for the fiscal year ended September 30, 2009. We incurred expenses in the amount of $47,836 for the year ended September 30, 2009. Our net loss for the year ended September 30, 2009 was $39,526. As at September 30, 2009 we had cash of $8,573 and working capital deficiency of $22,198.

2009 was a challenging year for the company. As a result of activities early in the 2009 fiscal year the company was able to sell it’s remaining inventory to suitable clients. Management believes that its inability to generate greater sales is attributable to the high price of maize and soybeans, which are two of the largest cost component of feed. Maize prices have increased dramatically in the last 12 months from its historic averages. There are many factors driving the price of maize higher, including its use as an emerging fuel (ethanol). This significant jump in prices have forced upward "at the gate" prices for poultry in cities such as Toronto where from the period of January to June 2009, prices for poultry had increased 10.6% from $1.29 to $1.43/kilogram. Management believes that until retail customers are willing to pay more, animal producers are going to continue a cautious approach towards shouldering additional "cost risk" (See “Risk Factors”). We anticipate continued pressure on future revenues owing to these conditions.

Our officers and directors provide all the labor necessary to effect our business plan at no charge (see "Executive Compensation") as we have no employees presently. Since we intend to operate with very limited administrative support, our officers and directors are expected to continue to be responsible for the everyday operations of the Company and the marketing effort to market our products well into the immediate future. We expect to continue to explore for more opportunities to sell Oxytetracycline in Canada although we do not expect to seek additional financing to build more inventories of Oxytetracycline at this time.

To broaden our distribution network, the Company has set up a website, www.purepharmacorp.com, to complement sales efforts. Our plan of operation for the twelve months following the date of this annual report on Form 10-K is to focus on looking for strategic actions to maximize shareholder value in this challenging environment and if this can be done, we can start completing the due diligence in identifying MFAs for registration with the FDA. We anticipate the cost of obtaining such FDA approvals to be approximately $2.5 million per MFA. Depending on the timing and success of the Company's efforts to secure adequate funds through equity financing, we expect to start the testing and approval phase of the ANADA registration process 12 months from the date of the closing of securing adequate financing.

Results of Operations for the Period ended September 30, 2008

We did not have any revenue for the fiscal year ended September 30, 2008. We incurred operating expenses in the amount of $68,553 for the year ended September 30, 2008. Our net loss for the year ended September 30, 2008 was $68,553. As at September 30, 2008 we had cash of $12,459 and a working capital deficiency of $33,754.

Results of Operations for the Period ended September 30, 2007

We had net revenue in the amount of $12,088 for the fiscal year ended September 30, 2007. We incurred operating expenses in the amount of $64,886 for the year ended September 30, 2007. Our net loss for the year ended September 30, 2007 was $62,468. As at September 30, 2007 we had cash of $28,906 and working capital of $14,472.

As a result of its activities in late fiscal 2006, the Company located suitable clients willing to purchase the MFA and was able to book its first sale in the first quarter of fiscal 2007 for $5,104. During the second quarter of fiscal 2007, the Company booked a sale in the amount of $3,984. In the third quarter, the Company was unable to make any sales. In the fourth quarter, the Company booked a sale of $3,000. Management believes that its inability to generate greater sales is attributable to the high price of maize which is one of the largest cost component of feed. Maize prices have increased dramatically in the last 12 months from its historic averages. There are many factors driving the price of maize higher, including its use as an emerging fuel (ethanol). This significant jump in prices have forced upward "at the gate" prices for poultry in cities such as Toronto where from the period of January to June 2007, prices for poultry had increased 11.6% from $1.16 to $1.29/kilogram. Management believes that until retail customers are willing to pay more, animal producers are going to continue a cautious approach towards shouldering additional "cost risk" (See Description of Business - Risk Factors - The price of inputs for animal feed…). We therefore anticipate continued pressure on future revenues owing to these conditions.

Results of Operations for Period Ending September 30, 2005 (as restated)

We did not earn any revenue from the period from our inception on September 24, 2004 to September 30, 2005. We incurred operating expenses in the amount of $64,441 for the year ended September 30, 2005. These operating expenses were comprised primarily of $39,463 for professional fees and, $24,978 in office and general expenses. Our net loss for the year ended September 30, 2005 was $64,441.

As at September 30, 2005, we had cash of $89,177 and working capital of $72,600.

Liquidity and Capital Resources

Our cash reserves are not sufficient to meet our funding needs beyond the next twelve-month period. As a result, we will need to seek additional funding in the near future. We currently do not have a specific

plan for obtaining such funding, however, we anticipate that any additional funding will be in the form of equity financing from the sale of our common stock. We currently do not have any arrangements in place for any future equity financing. We may also seek to obtain short-term loans from our directors, although no such arrangements have as yet been made. There can be no assurance that we will able to raise sufficient funding from the sale of our common stock or through director loans to meet our funding needs after the next 12 months.

The Independent Auditor's Report to our audited financial statements for the period ended September 30, 2009 indicates that there are a number of factors that raise substantial doubt about our ability to continue as a going concern. Such factors identified in the report include that we need to generate profitable operations and are in need of obtaining adequate financing. For these and other related reasons our auditors believe that there is substantial doubt that we will be able to continue as a going concern. See "Risk Factors".

Off-Balance Sheet Arrangements

The Company does not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on the small business issuer's financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to investors.

ITEM 8. FINANCIAL STATEMENTS.

[Financial Statements follow, beginning on next page]

PURE PHARMACEUTICAL CORPORATION (A Development Stage Company)

FINANCIAL STATEMENTS

SEPTEMBER 30, 2009

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Stockholders and Board of Directors of Pure Pharmaceutical Corp.

We have audited the accompanying balance sheets of Pure Pharmaceutical Corp. (a development stage company) as of September 30, 2009 and 2008, and the statements of operations, cash flows and stockholders’ deficit for the years then ended and the period from September 24, 2004 (Inception) to September 30, 2009. 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.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform an audit to obtain reasonable assurance 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 audits 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. An audit also includes 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, these financial statements present fairly, in all material respects, the financial position of the Company as of September 30, 2009 and 2008, and the results of its operations and cash flows for the years then ended and the period from September 24, 2004 (Inception) to September 30, 2009 in conformity with accounting principles generally accepted in the United States of America.

“DMCL”

DALE MATHESON CARR-HILTON LABONTE LLP CHARTERED ACCOUNTANTS

Vancouver, Canada January 5, 2010

PURE PHARMACEUTICAL CORPORATION (A Development Stage Company) BALANCE SHEETS

	September 30,		September
	2009		30, 2008
	- $ -		- $ -
Assets
Current
Cash	8,573		12,459
	8,573		12,459
Liabilities
Current
Accounts payable and accrued liabilities	30,771		46,213
Long- term loans (Note 3)	59,314		40,000
	90,085		86,213
Stockholders’ Deficit
Common Stock (Note 4)
Authorized:
100,000,000 common shares with a par value of $0.001
Issued and Outstanding:
12,600,000 (September 30, 2008 – 12,600,000) common shares	12,600		12,600
Additional paid in capital	191,400		161,800
Accumulated other comprehensive income	2,439		271
Deficit accumulated during the development stage	(287,951	)	(248,425	)
	(81,512	)	(73,754	)
	8,573		12,459
Contingency (Note 1)
Subsequent events (Note 8)

– See Accompanying Notes –

PURE PHARMACEUTICAL CORPORATION (A Development Stage Company) STATEMENTS OF OPERATIONS

					Cumulative
					from September
					24, 2004
					(Inception) to
					September 30,
	Year ended September 30,				2009
	2009		2008
	- $ -		- $ -		- $ -
Revenue	8,310		-		20,398
Cost of sales	-		-		9,670
	8,310		-		10,728
Expenses
Financing fees	-		-		5,600
General and administrative	43,912		63,423		284,025
Interest on long term loans (Note 3)	3,924		-		3,924
Write-down of inventory	-		5,130		5,130
	47,836		(68,553	)	(298,679	)
Net loss	(39,526	)	(68,553	)	(287,951	)
Loss per share – basic and diluted	(0.00	)	(0.00	)
Weighted average number of common shares
outstanding – basic and diluted	12,600,000		12,600,000

– See Accompanying Notes –

PURE PHARMACEUTICAL CORPORATION (A Development Stage Company) STATEMENTS OF CASH FLOWS

					Cumulative from
					September 24, 2004
					(Inception) to
	Year ended September 30,				September 30,
	2009		2008		2009
	- $ -		- $ -		- $ -
Cash Flows From Operating Activities
Net loss	(39,526	)	(68,553	)	(287,951	)
Non-cash items:
Accrued interest on long term loan	3,924		-		3,924
Donated capital	9,600		9,600		48,000
Write down of inventory	-		5,130		5,130
Change in non-cash working capital items:
Inventory	-		-		(5,130	)
Accounts payable and accrued liabilities	(15,442	)	(2,295	)	30,771
Net cash used in operating activities	(41,444	)	(56,118	)	(205,256	)
Cash Flows From Financing Activities
Proceeds from long-term loans	15,390		40,000		55,390
Donated capital	20,000		-		20,000
Capital stock issued for cash	-		-		136,000
Net cash provided by financing activities	35,390		40,000		211,390
Effect of exchange rate changes	2,168		(329	)	2,439
Increase (Decrease) In Cash	(3,886	)	(16,447	)	8,573
Cash, beginning	12,459		28,906		-
Cash, ending	8,573		12,459		8,573
Supplementary Cash Flow Information:
Cash paid for:
Interest	-		-		-
Income taxes	-		-		-

– See Accompanying Notes –

PURE PHARMACEUTICAL CORPORATION (A Development Stage Company) STATEMENT OF STOCKHOLDERS’ DEFICIT PERIOD FROM SEPTEMBER 24, 2004 (INCEPTION) TO SEPTEMBER 30, 2009

						Accumulated		Deficit Accumulated
			Additional	Share		Other		During the
	Common Shares		Paid-in	Subscriptions		Comprehensive		Development
	Number	Par Value	Capital	Receivable		Income (loss)		Stage		Total
		$	$	$		$		$		$
Balance, September 24, 2004
(Date of Inception)	-	-	-	-		-		-		-
Net loss for the period	-	-	-	-		-		-		-
Balance, September 30, 2004	-	-	-	-		-		-		-
Shares issued for cash:
– January 2005, at $0.001	6,000,000	6,000	-	-		-		-		6,000
– January 2005, at $0.01	5,000,000	5,000	45,000	-		-		-		50,000
– March 2005, at $0.05	1,600,000	1,600	78,400	(8,000	)	-		-		72,000
Donated capital	-	-	9,600	-		-		-		9,600
Foreign currency translation adjustment	-	-	-	-		(559	)	-		(559	)
Net loss	-	-	-	-		-		(64,441	)	(64,441	)
Balance, September 30, 2005	12,600,000	12,600	133,000	(8,000	)	(559	)	(64,441	)	72,600
Share subscriptions received	-	-	-	6,000		-		-		6,000
Donated capital	-	-	9,600	-		-		-		9,600
Foreign currency translation adjustment	-	-	-	-		455		-		455
Net loss	-	-	-	-		-		(52,963	)	(52,963	)
Balance, September 30, 2006	12,600,000	12,600	142,600	(2,000	)	(104	)	(117,404	)	35,692
Donated capital	-	-	9,600	-		-		-		9,600
Share subscriptions received	-	-	-	2,000		-		-		2,000
Foreign currency translation adjustment	-	-	-	-		704		-		704
Net loss	-	-	-	-		-		(62,468	)	(62,468	)
Balance, September 30, 2007	12,600,000	12,600	152,200	-		600		(179,872	)	(14,472	)
Donated capital	-	-	9,600	-		-		-		9,600
Foreign currency translation adjustment	-	-	-	-		(329	)	-		(329	)
Net loss	-	-	-	-		-		(68,553	)	(68,553	)
Balance, September 30, 2008	12,600,000	12,600	161,800	-		271		(248,425	)	(73,754	)
Donated capital	-	-	29,600	-		-		-		29,600
Foreign currency translation adjustment	-	-	-	-		2,168		-		2,168
Net loss	-	-	-	-				(39,526	)	(39,526	)
Balance, September 30, 2009	12,600,000	12,600	191,400	-		2,439		(287,951	)	(81,512	)

PURE PHARMACEUTICAL CORPORATION (A Development Stage Company) NOTES TO FINANCIAL STATEMENTS SEPTEMBER 30, 2009

1.	NATURE AND CONTINUANCE OF OPERATIONS
	The Company was incorporated in the State of Nevada on September 24, 2004. The Company intends to operate in the animal health products industry focusing on generic medicated feed-additive pharmaceuticals that foster health in food producing animals. The Company is in the exploratory stage of identifying medicated feed-additives which have come off-patent, qualifying them for potential generic status and have narrowed its focus to medicated feed-additive pharmaceutical products that may be used to prevent disease and enhance growth in food producing animals.
	Going Concern
	These financial statements have been prepared on a going concern basis. The Company has incurred losses since inception through September 30, 2009, resulting in an accumulated deficit of $287,951 and further losses are anticipated in the development of its business raising substantial doubt about the Company’s ability to continue as a going concern. Its ability to continue as a going concern is dependent upon the ability of the Company to generate profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management has plans to seek additional capital through a private placement of its common stock and loans. These financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts of and classification of liabilities that might be necessary in the event the Company cannot continue.
2.	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Basis of Presentation
	The financial statements of the Company have been prepared in accordance with generally accepted accounting principles (“GAAP”) in the United States of America and are presented in US dollars.
	Revenue Recognition
	Revenues are recognized when persuasive evidence of an arrangement exists, product delivery has occurred, the price is fixed or determinable and collection is reasonably assured.
	Foreign Currency Translation
	Foreign denominated monetary assets and liabilities are translated to their United States dollar equivalents using foreign exchange rates which prevailed at the balance sheet date. Revenue and expenses are translated at average rates of exchange during the period. Related translation adjustments are reported as a separate component of stockholders' equity, whereas gains or losses resulting from foreign currency transactions are included in results of operations.

2.	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
	Development Stage Company
	The Company is considered to be in the development stage.
	Use of Estimates and Assumptions
	The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates estimates and assumptions. 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. The most significant estimates with regard to these financial statements relate to deferred income tax amounts, rates and timing of the reversal of income tax differences.
	Net Loss per Share
	Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. Because the Company does not have any potentially dilutive securities, diluted loss per share is equal to basic loss per share.
	Financial Instruments
	The fair value of the Company's financial instruments, consisting of cash, accounts payable, and long term loans, are estimated to be equal to their carrying value. It is management's opinion that the Company is not exposed to significant interest, currency or credit risks arising from these financial instruments.
	Income Taxes
	Deferred income taxes are provided for tax effects of temporary differences between the tax basis of asset and liabilities and their reported amounts in the financial statements. The Company uses the liability method to account for income taxes, which requires deferred taxes to be recorded at the statutory rate expected to being in effect when the taxes are paid. Valuation allowances are provided for a deferred tax asset when it is more likely than not that such asset will not be realized.
	Management evaluates tax positions taken or expected to be taken in a tax return. The evaluation of a tax position includes a determination of whether a tax position should be recognized in the financial statements, and such a position should only be recognized if the Company determines that it is more likely than not that the tax position will be sustained upon examination by the tax authorities, based upon the technical merits of the position. For those tax positions that should be recognized, the measurement of a tax position is determined as being the largest amount of benefit that is greater than fifty percent likely of being realized upon ultimate settlement.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) Stock-based Compensation The Company accounts for stock based compensation arrangements using a fair value method and records such expense on a straight-line basis over the vesting period. Recent Accounting Pronouncements In June 2009, the Financial Accounting Standards Board (“FASB”) issued SFAS No. 168, FASB Accounting Standards Codification and the Hierarchy of Generally Accepted Accounting Principles, a replacement of SFAS No. 162 (“Statement 168”). Statement 168 establishes the FASB Accounting Standards Codification as the source of authoritative accounting principles recognized by the FASB to be applied in the preparation of financial statements in conformity with generally accepted accounting principles. Statement 168 explicitly recognizes rules and interpretive releases of the Securities and Exchange Commission (“SEC”) under federal securities laws as authoritative GAAP for SEC registrants. Statement 168 is effective for financial statements issued for fiscal years and interim periods ending after September 15, 2009. The Company has adopted Statement 168 for the year ended September 30, 2009. Other pronouncements issued by the FASB or other authoritative accounting standards groups with future effective dates are either not applicable or are not expected to be significant to the financial statements of the Company. 3. LONG TERM LOANS On May 16, 2008, the Company received a loan of $40,000 from a third party. The loan is unsecured and matures three years from the date of the loan. The interest rate is 8% per annum, and is due on each anniversary of the loan. During the year ended September 30, 2009, the amount of interest accrued on the loan was $3,200 (2008: $Nil). On February 28, 2009, the Company received a loan of $15,390 (CAD $16,500) from a third party. The loan is unsecured and matures three years from the date of the loan. The interest rate is 8% per annum, and is due on each anniversary of the loan. During the year ended September 30, 2009, the amount of interest accrued on the loan was $724 (2008: $Nil). The loan balance including accrued interest was fully repaid on November 6, 2009 (Note 8). 4. COMMON STOCK The total number of authorized common stock that may be issued by the Company is 100,000,000 shares of stock with a par value of $0.001 per share. The Company has not granted any common stock options or warrants since inception. 5. RELATED PARTY TRANSACTIONS Effective September 24, 2004, the Company leased office space from a director of the Company, for a period of 5 years, expiring September 24, 2009. The lease is on a rent free basis. The Company records an equivalent fair value of $800 per month as donated capital. All related party transactions are in the normal course of operations and are measured at the exchange amount, which is the amount of consideration established and agreed to by the related parties. 6. INCOME TAXES As of September 30, 2009, the Company has estimated tax loss carry forwards for tax purposes of approximately $240,000 (2008: $210,000), which expire by 2029. These amounts may be applied against future federal taxable income. Utilization of these carry forwards is dependent on the Company generating sufficient future taxable income. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization has not been determined to be more likely than not to occur. The actual income tax provisions differ from the expected amounts calculated by applying the statutory income tax rate to the Company’s loss before income taxes. The components of these differences are as follows:

	September 30,
	2009		2008
	$		$
Loss before income tax	(39,526	)	(68,553	)
Statutory tax rate	35.00%		35.00%
Expected tax recovery	(13,834	)	(23,994	)
Decrease resulting from:
Amounts not deductible for tax	3,360		3,360
Unrecognized loss carry forward	10,474		20,634
Income tax provision	-		-

The Company’s tax-effected deferred tax asset is estimated as follows:

	September 30,
	2009		2008
	$		$
Net operating loss carry forwards	83,974		73,500
Valuation allowance	(83,974	)	(73,500	)
Net deferred tax asset	-		-

7.	LETTER OF INTENT
	On July 21, 2009, the Company entered into a non binding Letter of Intent (“LOI”) with 7167415 Canada Inc.. The LOI provides that the Company may enter into a merger agreement or share exchange pursuant to the terms of a definitive agreement which the parties have agreed to negotiate in good faith. In terms of the LOI, 7167415 Canada Inc. was required to pay a non refundable deposit of $50,000 to the Company: $20,000 was paid on August 7, 2009 and $30,000 was paid on October 6, 2009 (Note 8). The LOI expired on July 23, 2009 and as at the date hereof, a definitive agreement has not yet been entered into. Accordingly, the non refundable deposit has been recorded as Donated Capital.
8.	SUBSEQUENT EVENTS

	a)	On October 6, 2009, the Company received $30,000 from 7167415 Canada Inc. as the second installment of the $50,000 deposit required for the LOI (Note 7).
	b)	On November 6, 2009, the Company repaid the loan of $15,390 including accrued interest to the third party (Note 3).

The Company evaluates subsequent events through the financial statements filing date of January 5, 2010.

ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE.

None.

ITEM 9A. CONTROLS AND PROCEDURES.

Evaluation of Disclosure Controls and Procedures. The Company's Management under the supervision and with the participation of the Principal Executive Officer and the Principal Financial Officer are responsible for establishing and maintaining "disclosure controls and procedures" (as defined in the Exchange Act) for the Company. Based on their evaluation of the Company's disclosure controls and procedures as of September 30, 2009, the Company's Management has concluded that the Company's disclosure controls and procedures were effective to ensure that the information required to be disclosed by the Company under the Exchange Act was recorded, processed, summarized and reported within the time periods specified in the Exchange Act and accumulated and communicated to the Company's Management, including the Principal Executive Officer and the Principal Financial Officer, to allow timely decisions regarding required disclosure.

Changes in Internal Control over Financial Reporting. During the last quarter of the Company's fiscal year ended September 30, 2009, there were no changes in the Company's internal control over financial reporting during the period covered by this report that have materially affected, or are reasonably likely to materially affect, the Company's internal control over financial reporting.

Limitations on the Effectiveness of Controls. A control system, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues, if any, within a company have been detected. The Company's disclosure controls and procedures are designed to provide reasonable assurance of achieving their objectives, and the Principal Executive Officer and the Principal Financial Officer have concluded that these controls and procedures are effective at the "reasonable assurance" level.

ITEM 9A(T). CONTROLS AND PROCEDURES.

Not applicable.

ITEM 9B. OTHER INFORMATION.

None.

ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE.

Each director is elected by our shareholders to hold office for the terms specified in the Articles of Incorporation, and until their successors have been elected as provided in the Articles of Incorporation or until removed from office in accordance with our Bylaws. We currently have one director, Mr. Roger Gordon who was elected to serve in such capacity until his successor shall have been duly elected and qualified. Each of our officers is appointed by the Board and serves until he or she is removed from office.

The name, age and position of our present officers and director are set forth below:

Name	Age	Position(s)	Term as Director
Roger Gordon	54	President, Principal Executive Officer and director	Indefinite
Charlie Lee	34	Secretary, Treasurer and Principal Accounting Officer	N/A

The following provides certain background information about each of our current director and officers:

Roger Gordon, age 54, has been our President and a director since September 24, 2004. Mr. Gordon has over 30 years of experience and has been involved in the pharmaceutical, animal and field chemical and feed business since 1973. He acted as a technical advisor at Swift Canadian, and kept producers informed on selection of feed and water medication choices for the poultry and turkey industry from 1973 to 1976. From 1976 to 1979, he worked in corporate technical sales at Sullivan Strong Scott, a company specializing in the supply of particle reduction, size classification, mixing and bulk material handling equipment to the feed, pharmaceutical, and food industries. As manager of Hudson, a milling supplier of farm chemicals and medications, he pioneered the import of materials from the Orient and built Hudson to a market leader in its field from 1979 to 1990. Subsequently, he was a team leader and product manager at Glaxo Pharmaceuticals from 1990 to 1995 and was in charge of new product introductions and marketing efforts, as well as customer care.

From December 1999 to June 2002, he was a founder and key principal of a private pharmaceutical company, Orbus Life Sciences Inc., which "went public" on the TSX on May 31, 2002 through a merger with another public company, Bovar Inc. The merged company was subsequently renamed Orbus Pharma Inc. Since Mr. Gordon's departure from Orbus Life Sciences Inc. in June 2002, he has: (i) continued to provide Orbus Pharma Inc. with consulting services on an as-and-required basis and (ii) been self-employed in the business of pharmaceuticals trading and research and development in the animal health industry.

Mr. Gordon currently devotes 50% of his working time to the affairs of the Company. It is anticipated that this will continue into the future.

Charlie Lee, age 34, has been our Secretary, Treasurer and principal accounting officer since September 24, 2004. Mr. Lee has experience in international business, particularly in China. In 1996, he worked for the Province of British Columbia and assisted in the privatization of the highway maintenance program in the province. He worked in corporate banking from 1997 to 2000 at a major North American bank. In 2000, he started his own consulting service and helped Earth Canada Corp, a TSX Venture Exchange listed issuer, develop their business and open their offices in China. In 2003, he was appointed Vice President of Corporate Development and transformed, with the original founders, the company from a fledging research and development corporation to a successful entity by building it up, raising financing and then selling a majority stake to two of Canada's largest money managers. Since June 2004, Mr. Lee has been employed with Now Trading, a firm specializing in sale and trade consumer durables from Asia. Mr. Lee currently devotes 50% of his working time to the affairs of the Company. It is anticipated that this will continue into the future.

Significant Employees. Other than our executive officers listed above, we do not have any significant employees.

Family Relationships. There are no family relationships among our directors or officers.

Involvement in Certain Legal Proceedings. Our directors, executive officers and control persons have not been involved in any of the following events during the past five years:

1. any bankruptcy petition filed by or against any business of which such person was a general partner or executive officer either at the time of the bankruptcy or within two years prior to that time; 2. any conviction in a criminal proceeding or being subject to a pending criminal proceeding (excluding traffic violations and other minor offenses); 3. being 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; or 4. being found by a court of competent jurisdiction (in a civil action), the Securities and Exchange Commission or the Commodity Futures Trading Commission to have violated a federal or state securities or commodities law, and the judgment has not been reversed, suspended, or vacated.

Code of Ethics. To date, due to our limited operating history, the Board has not adopted a Code of Ethics.

Nomination Process. As of September 30, 2009, we did not effect any material changes to the procedures by which our shareholders may recommend nominees to the Board.

Audit Committee Financial Expert. At this time, given our stage of development, we do not have an audit committee financial expert serving on the Board and the Board as a whole serves as our audit committee.

Section 16(a) Beneficial Ownership Reporting Compliance. Section 16(a) of the Exchange Act requires our executive officers and directors, and persons who beneficially own more than 10% of our equity securities, to file reports of ownership and changes in ownership with the SEC. Officers, directors and greater than 10% shareholders are required by SEC regulation to furnish us with copies of all Section 16(a) forms they file. Based on our review of the copies of such forms we received, we believe that during the fiscal year ended September 30, 2009 all such filing requirements applicable to our officers and directors were complied with.

ITEM 11. EXECUTIVE COMPENSATION.

Our officers have received no compensation for their services to us to date. We do not have any form of stock option or equity incentive plan. As such, there were no outstanding equity awards at the end of our fiscal year ended September 30, 2009. In addition, we have not entered into any employment or consulting agreements with our officers. We have not compensated and have no arrangements to compensate our directors for their services to us. Members of management shall be paid a commensurate salary once the Company becomes profitable.

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS.

The following table sets forth, as at January 14, 2009, the total number of shares owned beneficially by each of our directors and officers, individually and as a group. No other shareholders presently own five percent or more of our total outstanding shares.

	Name and Address of	Amount and Nature of
Title of Class	Beneficial Owner	Beneficial Owner	Percentage of Class
Common	Roger Gordon, P.O. Box 55 1594 Stone Mill Park Bellona, NY 14415	3,750,000 (Direct)	29.8%
Common	Charlie Lee, P.O. Box 55 1594 Stone Mill Park Bellona, NY 14415	2,250,000 (Direct)	17.9%
Common	Directors and officers as a Group	6,000,000	47.6%

Changes in Control. We are unaware of any contract, or other arrangement or provision of our Articles, the operation of which may at any subsequent date result in a change in control of the Company.

Equity Compensation Plans. To date we have not adopted any equity compensation plans.

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE.

Other than as disclosed herein, none of the following persons has had, since the date of our incorporation, any material interest, direct or indirect, in any transaction with us or in any presently proposed transaction that has or will materially affect us:

Any director or officer;

Any person who beneficially owns, directly or indirectly, shares carrying more than 5% of the voting rights attached to our outstanding shares of common stock;

Any promoter; and

Any member of the immediate family of any of the foregoing persons.

On September 24, 2004 we issued 3,750,000 shares of our common stock to Mr. Roger Gordon for proceeds of $3,750 and 2,250,000 shares of our common stock to Mr. Charlie Lee for proceeds of $2,250.

On June 30, 2006, we entered into a contract with Canadian Life Science Ltd., a company owned by Mr. Roger Gordon, a promoter, to secure the right to market Oxytetracycline in Canada through a licensing arrangement. Pursuant to the terms of this contract, the Company shall pay Canadian Life Science Ltd. the greater of 1% of all net sales revenue of the licensed products or USD$2500 annually, first payment due September 30, 2009 throughout the term of the contract in exchange for the exclusive license to use the Oxytetracycline DIN owned by Canadian Life Science Ltd. The term of the contract is for a period of two years and may be renewed by the Company under the same terms and conditions for three consecutive two-year periods or the expiry of the Oxytetracycline DIN, whichever is earlier. It is anticipated that Mr. Gordon will receive approximately USD$5,000 through the life of the contract.

On September 24, 2004, we entered into a five year, rent free, lease agreement with Mr. Roger Gordon, a promoter, for our office premises in Bellona, NY.

Director Independence

We have determined that none of the Company's directors qualify as an independent director as the term independent is used in NASDAQ Marketplace Rule 4200(a)(15).

ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES.

The following sets forth information regarding the amount billed to us by our independent auditors in the fiscal periods indicated for the following fees and services:

Audit Fees

The aggregate fees billed for each of the last two fiscal years for professional services rendered by the principal accountant for the audit of the registrant’s annual financial statements or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for those fiscal years are as follows: (i) for the fiscal year ending September 30, 2009: US$ 7,500 (estimate) and (ii) for the fiscal year ending September 30, 2008: US$ 8,000.

Audit-Related Fees

The aggregate fees billed in each of the last two fiscal years for assurance and related services by the principal accountant that are reasonably related to the performance of the audit or review of the registrant’s financial statements and are not reported under the previous item, Item 9(e)(1) of Schedule 14A, are as follows: (i) for the fiscal year ending September 30, 2009: US$7,000 and (ii) for the fiscal year ending September 30, 2008: US$5,300. The nature of these audit-related services was primarily comprised of a review of the quarterly financial statements.

Tax Fees

The Company was billed $1,200 in the fiscal year ended September 30, 2009 for tax compliance services rendered to the Company.

All Other Fees

Apart from as disclosed above, there were no other fees billed in each of the last two fiscal years for products and services provided by the principal accountant, other than the services reported in Items 9(e)(1) through 9(e)(3) of Schedule 14A.

Policy on Pre-Approval of Services Performed by Independent Auditors

The Board acts as our audit committee, and it is the Board's policy to pre-approve all audit and permissible non-audit services performed by the independent auditors. We approved all services that our independent accountants provided to us in the past two fiscal years.

ITEM 15. EXHIBITS AND FINANCIAL STATEMENTS SCHEDULES

Exhibit No.	Description
3.1	Articles of Incorporation(1)
3.2	Bylaws(1)
31.1	Rule 13a-14(a)/15(d)-14(a) Certification of Principal Executive Officer.
31.2	Rule 13a-14(a)/15(d)-14(a) Certification of Principal Financial Officer.
32.1	18 U.S.C. Section 1350 Certifications of Chief Executive Officer.
32.2	18 U.S.C. Section 1350 Certifications of Chief Financial Officer.

(1) Filed as an exhibit to our Registration Statement on Form SB-2 filed with the SEC on June 1, 2006.

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

PURE PHARMACEUTICALS CORPORATION

By: /s/ Roger Gordon Roger Gordon President, Principal Executive Officer and Director

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By: /s/ Roger Gordon Roger Gordon President, Principal Executive Officer and Director Date: December 30, 2009 By: /s/ Charlie Lee Charlie Lee Secretary and Principal Accounting Officer Date: December 30, 2009

Filing Compare · Pure Minerals, Inc.