UNITED STATES

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-K

~~(Mark~~ X ~~One~~. ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

XFor .the fiscal year ended June 30, 2016

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

For the fiscal year ended October 31, 2014

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

For the transition period from _____ to _____

COMMISSION FILE NUMBER 333-172825

~~MONARCHY~~I-WELLNESS ~~VENTURES,~~MARKETING GROUP INC. ~~(Exact name of registrant as specified in its charter)~~

NEVADA		46-0525633
State or other jurisdiction of incorporation or organization		(I.R.S. Employer Identification No.)

(Exact name of registrant as specified in its charter)

Calle urique número 5, Colonia Fuentes de Bellavista, c.p. 33880 Hidalgo del Parral, Chihuahua, Mexico (Address of principal executive offices) (Zip Code)


NEVADA		46-0525633
State or other jurisdiction of incorporation or organization		(I.R.S. Employer Identification No.)

3651 Lindell Road Suite D612, Las Vegas, NV 89103
(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code		(702) 318-7545

Securities registered pursuant to Section 12(b) of the Act:		NONE.
Securities registered pursuant to Section 12(g) of the Act:		Common Stock, $0.001 Par Value Per Share.

~~Registrant's~~Indicate ~~telephone~~by ~~number,~~check ~~including~~mark ~~area~~if ~~code~~the ~~(702)~~registrant ~~722~~is a well-~~1003~~known seasoned issuer, as defined by Rule 405 of the Securities Act. . Yes X . No

~~Securities~~Indicate ~~registered~~by check mark if the registrant is not required to file reports pursuant to Section 1213 or Section 15(bd) of the Act:. . ~~NONE~~Yes X . No

~~Securities~~Indicate ~~registered~~by ~~pursuant~~check mark whether the registrant (1) has filed all reports required to be filed by Section 1213 or 15(gd) of the Securities Exchange Act: ~~Common~~of ~~Stock~~1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), ~~$0.001~~and ~~Par~~(2) ~~Value~~has ~~Per~~been ~~Share~~subject to such filing requirements for the past 90 days. X . Yes . No

Indicate by check mark ifwhether the registrant ishas asubmitted ~~well-known~~electronically ~~seasoned~~and ~~issuer~~posted on its corporate Web site, asif ~~defined~~any, byevery Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the ~~Securities~~preceding ~~Act~~12 months (or for such shorter period that the registrant was required to submit and post such files. X . Yes . No ~~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 .

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 whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files. Yes X . No .

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. .

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.


Large accelerated filer .	Accelerated filer .
Non-accelerated filer . (Do not check if a smaller reporting company)	Smaller reporting company X .

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

State the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of ~~the~~February ~~last~~3, ~~business day of the registrant’s most recently completed second fiscal quarter~~2017: $535,~~495~~004,~~980 as of February 12, 2014, at a price of $1~~625.~~03 per share.~~

Indicate the number of shares outstanding of each of the registrant’s classes of common stock, as of the latest practicable date. As of February 1214, ~~2015~~2017, the Registrant had 5166,937,845 shares of common stock outstanding.

~~MONARCHY~~I-WELLNESS ~~RESOURCES~~MARKETING GROUP, INC.

ANNUAL REPORT ON FORM 10-K

FOR THE YEAR ENDED ~~OCTOBER~~JUNE 3130, ~~2014~~2016

Contents
PART I
ITEM 1. BUSINESS OVERVIEW	54
ITEM 1A. RISK FACTORS	6
ITEM 2. PROPERTIES	10
ITEM 1B. UNRESOLVED STAFF COMMENTS	6
ITEM 3. LEGAL PROCEEDINGS.	15
ITEM 2. LEGAL PROCEEDINGS.	6
ITEM 4. MINE SAFETY DISCLOSURES.	15
ITEM 3. MINE SAFETY DISCLOSURES.	7
PART II
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES.	16
ITEM 4. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES.	7
ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITIONS AND RESULTS OF OPERATIONS.	16
ITEM 5. SELECTED FINANCIAL DATA	8
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.	20
ITEM 6. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITIONS AND RESULTS OF OPERATIONS.	8
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE.	20
ITEM 7. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.	10
ITEM 9A. CONTROLS AND PROCEDURES.	21
ITEM 8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE.	10
ITEM 9B. OTHER INFORMATION.	22
ITEM 8A. CONTROLS AND PROCEDURES.	10
ITEM 8B. OTHER INFORMATION.	11
PART III
ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE.	22
ITEM 9. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE.	12
ITEM 11. EXECUTIVE COMPENSATION.	25
ITEM 10. EXECUTIVE COMPENSATION.	14
ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS	26
ITEM 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS.	14
ITEM 13 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTORS’ INDEPENDENCE	30
ITEM 12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR INDEPENDENCE.	18
ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES	33
ITEM 13. PRINCIPAL ACCOUNTING FEES AND SERVICES.	18
ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES.	34
ITEM 14. EXHIBITS, FINANCIAL STATEMENT SCHEDULES.	19
SIGNATURES	37
ITEM 15. SIGNATURES	20

PART I

InThis ~~this~~Annual Report on Form 10-K, contains “~~Risk~~forward-looking ~~Factors,~~statements” ~~“Management’s~~within ~~Discussion~~the ~~and~~meaning ~~Analysis~~ of ~~Financial~~Section ~~Condition~~27A ~~and Results~~ of ~~Operations”~~the ~~and~~Securities ~~“Business,”~~Act ~~contains~~of ~~forward-looking~~1933 ~~statements that involve substantial risks~~ and ~~uncertainties.~~Section ~~All~~21E ~~statements other than statements~~ of ~~historical~~the ~~facts~~Securities ~~contained~~Exchange inAct ~~this~~of ~~Form~~1934. 10The forward-K,looking ~~including~~ statements ~~regarding~~are ~~our~~only ~~future~~predictions ~~financial~~and ~~condition,~~provide ~~business~~our ~~strategy~~current ~~and~~expectations ~~plans~~or ~~and~~forecasts ~~objectives~~ of ~~management~~future ~~for~~events ~~future~~and ~~operations,~~financial ~~are~~performance ~~forward-looking~~and ~~statements.~~may Inbe ~~some~~identified ~~cases,~~by ~~you~~the ~~can~~use ~~identify~~of forward-looking ~~statements by~~ terminology, ~~such~~including asthe terms “~~believe~~believes,” “~~may~~estimates,” “~~might~~anticipates,” “~~objective~~expects,” “~~estimate~~plans,” “~~continue~~intends,” “~~anticipate~~may,” “~~intend,~~will” or “should,” ~~“plan~~or,” ~~“expect,”~~in ~~“predict,”~~each ~~“potential~~case,” ortheir ~~the~~ negative, ofor ~~these~~other ~~terms~~variations or ~~other~~comparable ~~similar~~terminology, ~~expressions.~~though Wethe ~~have~~absence ~~based~~of these ~~forward-looking~~words ~~statements~~does ~~largely~~not onnecessarily ~~our~~mean ~~current~~that ~~expectations~~a ~~and~~statement ~~projections~~is ~~about~~not ~~future~~forward-looking. ~~events~~Forward-looking ~~and~~statements ~~financial~~include ~~trends~~all matters that weare ~~believe~~not ~~may~~historical ~~affect~~facts ~~our~~and ~~financial condition~~include, ~~results~~without oflimitation ~~operations,~~statements concerning: our business strategy, ~~and~~outlook, ~~financial~~objectives, ~~needs.~~future ~~These~~milestones, ~~forward-looking~~plans, ~~statements~~intentions, ~~are subject to a number of risks~~goals, ~~uncertainties~~ and ~~assumptions~~future ~~described~~financial ~~under~~condition, including the ~~section~~period ~~titled~~of ~~“Risk~~time ~~Factors”~~for ~~and~~which ~~elsewhere~~our inexisting ~~this~~resources ~~Form~~will ~~10-K,~~enable ~~regarding,~~us ~~among~~to ~~other~~fund ~~things:~~our operations.

·We intend that all forward-looking statements be subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to many risks and uncertainties that could cause actual results to differ materially from any future results expressed or implied by the forward-looking statements. We caution you therefore against relying on any of these forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance.

The forward-looking statements contained in this Report or the documents incorporated by reference herein speak only of their respective dates. Factors or events that could cause our ~~initial~~actual ~~attempt~~results atto ~~exploring~~differ amay ~~mineral~~emerge ~~claim~~from ~~which~~time ~~might~~to time and it is not ~~have~~possible for us to predict them all. Except to the extent required by applicable laws, rules or regulations, we do not undertake any ~~reserves~~obligation ~~thereon;~~to publicly update any forward-looking statements or to publicly announce revisions to any of the forward-looking statements, whether as a result of new information, future events or otherwise.

·ITEM 1.

~~our~~BUSINESS ~~ability to successfully identify any future mineral properties of merit;~~OVERVIEW

·(i)

~~our~~Principal ~~ability~~products toor ~~attract~~services ~~personnel~~and ~~who~~their ~~have experience in the mining industry~~markets;

·We were incorporated in the State of Nevada on June 16, 2010 under the name “Monarchy Resources, Inc.” in order to seek out and acquire mineral properties. With strong gold prices at that time we were interested in acquiring a property whereby gold might be discovered on it in sufficient quantities to warrant a production decision being made in the future.

~~our~~Prior ~~ability~~to incorporation on June 16, 2010, we entered into an assignment agreement with Rodelio Mining Ltd., an unrelated third party company, to ~~complete~~acquire inLa Carlota for the ~~mining~~sum ~~industry~~of ~~with~~$5,000. ~~both~~At ~~big~~the time of entering into the assignment agreement, our previous President, Guilfred Casimiro, believed that the Company had already been incorporated on the laws of the State of Nevada. As a result, the assignment agreement constitutes a “pre-incorporation contract” and ~~small~~was ~~mining~~subsequently ~~companies;~~ratified, including all other prior acts and actions, by our board of directors.

·Subsequent to incorporation, our two directors and officers purchased “seed stock” in the Company and engaged a consulting geologist, Angela Ventura, to prepare a geological report on the La Carlota Property. Mr. Ventura’s geological report dated June 28, 2010 recommends a two phase program which is set out in detail in the section below titled “Properties”.

~~our~~We ~~ability~~do not have any gold as of yet on La Carlota since we have not done any exploration work to ~~raise~~support ~~additional~~a ~~capital~~calculation as to ~~finance~~the ounces of gold which might be on the claim. To our ~~exploration~~knowledge ~~programs;~~we do not know, and may never know, if there is gold on the claim unless our future exploration work verifies this fact. At the present time we do not have any products for sale.

·On May 14, 2013, the Company entered into a Share Purchase Agreement (the “SPA”) with the owners of New World Minerals S.A.P.I. de C.V. (“New World”) Under the terms of the SPA, on September 9, 2013, the Company issued 10,000,000 shares of the Company at a deemed value of $1.00 per share to the owners of New World in exchange for 28% of the issued and outstanding shares of New World. New World is a mining operator in the Chihuahua region of Mexico which owns three working mines; Morelos, La Luna, and Peneto.

~~our~~New ~~ability~~World has mined gold and silver raw ore in its three small Mexican Mines. In order to ~~manage~~mill, ~~our~~float, ~~future~~smelt ~~growth~~and refine this ore, we must invest in additional equipment. No third party calculation of the gold in place at the three Mexican Claims has been made.

These risks are not exhaustive. Other sections of this Form 10-K may include additional factors that could adversely impact our business and financial performance. These statements reflect our current views with respect to future events and are based on assumptions and subject to risk and uncertainties. Moreover, we operate in a very competitive and rapidly-changing environment. New risk factors emerge from time to time and it is not possible for our management to predict all risk factors, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.4

~~You~~We ~~should~~have ~~not~~previously ~~rely~~spent ~~upon~~significant ~~forward-looking~~funds ~~statements~~on asthese ~~predictions~~three ofMexican ~~future~~mining ~~events~~interests since their acquisition. ~~The~~We ~~events~~have ~~and~~not ~~circumstances~~yet ~~reflected~~undertaken insufficient ~~the~~exploration ~~forward-looking~~work ~~statements~~on ~~may~~our ~~not~~mineral beclaim ~~achieved~~in orthe ~~occur.~~Philippines, ~~Although~~La weCarlota. ~~believe~~We ~~that~~have mined the ~~expectations~~Mexican ~~reflected~~claims inand hope that the ~~forward-looking~~mining ~~statements~~becomes profitable. We are ~~reasonable,~~also wehopeful ~~cannot~~that ~~guarantee~~our future ~~results,~~exploration ~~levels~~programs ofon ~~activity,~~the ~~performance~~La orCarlota ~~achievements.~~claim ~~Moreover,~~will ~~neither~~identify wemineralization ~~nor~~which ~~any~~eventually ~~other~~can ~~person~~be ~~assume~~put ~~responsibility~~into ~~for~~commercial ~~the~~production. ~~accuracy~~However, ~~and~~it ~~completeness~~should ofbe ~~the~~kept ~~forward-looking~~in ~~statements.~~mind ~~Except~~that asvery ~~required~~few bymineral ~~law,~~claims weexplored ~~undertake~~are noever ~~obligation~~able to ~~update~~go ~~publicly~~into ~~any~~commercial ~~forward-looking~~production. ~~statements~~This ~~for~~might ~~any~~be ~~reason~~the ~~after~~case ~~the~~with ~~date~~La ofCarlota. ~~this~~Nevertheless, ~~Form~~we ~~10-K~~would like to ~~conform~~be ~~these~~able ~~statements~~ to ~~actual~~generate ~~results~~revenue orfrom toLa ~~changes~~Carlota inby ~~our~~selling ~~expectations~~the mineral we locate on the claim.

As On ~~used~~October in12, ~~this~~2014, ~~Annual~~at ~~Report,~~a special meeting of the ~~terms~~board ~~“we,”~~of ~~“us~~directors of the Company,” ~~“our~~the Company resolved to enter into,” ~~“Monarchy~~execute,” and close a share exchange agreement to acquire 100% of the ~~“Company”~~outstanding ~~mean~~shares ~~Monarchy~~of ~~Resources,~~The ~~Inc~~Spud Shack Fry Company Ltd., ~~unless~~an ~~otherwise~~operating ~~indicated~~British Columbia based restaurant company (“Spud Shack”). ~~All~~ ~~dollar~~Under ~~amounts~~the interms ~~this~~of ~~Annual~~the ~~Report~~Agreement, ~~are~~the ~~expressed~~Company acquired 100% of Spud Shack in Uexchange for the issuance of 90,000,000 restricted common shares of the Company at a deemed price of $0.S01 per share for a total acquisition cost of $900,000. ~~dollars~~The Agreement was closed on Friday, ~~unless~~October ~~otherwise~~17, ~~indicated~~2014.

4On December 21, 2015, the Company entered into an exclusive marketing agreement and was granted the exclusive worldwide marketing rights to a health and fitness application called 60K which is currently under development for iPhone, Android, tablets and desktop computers. Pursuant to the exclusive marketing agreement the Company will provide $100,000 in initial financing to complete the application as well as for marketing the release of a prototype. The Company will retain 30% of all revenue generated by the application.

~~ITEM~~In 1January 2016, the Company merged with its wholly owned subsidiary, I-Wellness Marketing Group Inc. ~~BUSINESS~~which ~~OVERVIEW~~is a Nevada corporation incorporated during the six months ended December 31, 2015.

~~Our~~In ~~principal~~February ~~office is located at Calle urique número 5~~9, ~~Colonia Fuentes de Bellavista~~2016, ~~c.p.~~the ~~33880~~Company ~~Hidalgo~~changed ~~del~~its ~~Parral,~~name ~~Chihuahua,~~from ~~Mexico~~Monarchy ~~and~~Ventures ~~our~~Inc. ~~telephone~~to ~~number~~I-Wellness isMarketing ~~(702)~~Group ~~722-1003~~Inc.

WeWhile ~~were~~the ~~incorporated~~Company inis attempting to generate sufficient revenues, the ~~State~~Company’s ofcash ~~Nevada~~position onmay ~~June~~not ~~16,~~be ~~2010~~enough ~~under~~to support the ~~name~~Company’s ~~“Monarchy~~daily ~~Resources~~operations. Management intends to raise additional funds by way of increasing revenue, ~~Inc~~and a public or private offering.” inManagement ~~order~~believes that the actions presently being taken to ~~seek~~further ~~out~~implement its business plan and ~~acquire~~generate ~~mineral~~sufficient ~~properties~~revenues provide the opportunity for the Company to continue as a going concern. ~~With~~While ~~strong~~the ~~gold~~Company ~~prices~~believes atin the ~~present~~viability ~~time~~of ~~they~~its ~~were~~strategy ~~interested~~to increase revenues and in ~~acquiring~~its aability ~~property~~to ~~whereby~~raise ~~gold~~additional ~~might~~funds, there can be ~~discovered~~no onassurances itto inthat ~~sufficient~~effect. ~~quantities~~The ability of the Company to ~~warrant~~continue as a ~~production~~going ~~decision~~concern ~~being~~is ~~made~~dependent inupon the ~~future~~Company’s ability to further implement its business plan and generate sufficient revenues.

~~We are an Emerging Growth Company as defined in the Jumpstart Our Business Startups Act.~~(ii)

WeDistribution methods ~~shall~~of ~~continue to be deemed an emerging growth company until~~ the ~~earliest~~products ~~of:~~or services;

~~(A)~~Not applicable to our previous and now discontinued mining operations. Our restaurant operation has one location for walk-in customers.

~~the last day of the fiscal year of the issuer during which it had total annual gross revenues of $1,000,000,000~~ (as such amount is indexed for inflation every 5 years by the Commission to reflect the change in the Consumer Price Index for All Urban Consumers published by the Bureau of Labor Statistics, setting the threshold to the nearest 1,000,000iii) ~~or more;~~

~~(B)~~Status of any publicly announced new product or service;

~~the~~Not last day of the fiscal year of the issuer following the fifth anniversary of the date of the first sale of common equity securities of the issuer pursuant to an effective registration statement under this title;applicable

(Civ)

~~the~~Competitive ~~date~~business onconditions ~~which~~and ~~such~~the ~~issuer~~smaller ~~has,~~reporting ~~during~~company's ~~the~~competitive ~~previous~~position ~~3-year~~in ~~period,~~the ~~issued~~industry ~~more~~and ~~than~~methods ~~$1,000,000,000~~of ~~in non-convertible debt~~competition; or

~~(D)~~We are a small company with limited personnel and funds. There are many other restaurant companies who have more personnel at their disposal and funds on hand to undertake substantial expansion of locations on restaurants they own. In the market place for workers they will have advantage over us because they can offer higher salaries and longer periods of employment. This puts our Company as a disadvantage in seeking workers for future expansion to new locations of the Spud Shack Fry Company Ltd.

~~the~~In ~~date~~regards onto ~~which~~our ~~such~~restaurant ~~issuer~~operation, our location is ~~deemed~~in a new developed area with plenty of new restaurants trying to beattract athe ~~‘large~~same ~~accelerated~~clientele. ~~filer’~~However, asnone ~~defined~~ in ~~section~~our ~~240.12b-2~~immediate ofvicinity ~~title~~offer 17Belgian fries, ~~Code~~craft ofbeers, ~~Federal~~and ~~Regulations~~the same fresh ingredients we use in our burgers, orsandwiches, ~~any~~salads, ~~successor~~and ~~thereto~~sauces. If anything, our competitors draw more people to the area who are then willing to try something new.

As an emerging growth company we are exempt from Section 404(b) of Sarbanes Oxley. Section 404(a) requires Issuers to publish information in their annual reports concerning the scope and adequacy of the internal control structure and procedures for financial reporting. This statement shall also assess the effectiveness of such internal controls and procedures.5

~~Section 404~~(bv) requires that the registered accounting firm shall, in the same report, attest to and report on the assessment on the effectiveness of the internal control structure and procedures for financial reporting.

AsSources ~~an emerging growth company we are exempt from Section 14A~~ and Bavailability of ~~the~~raw ~~Securities~~materials ~~Exchange~~and ~~Act of 1934 which require~~ the ~~shareholder~~names ~~approval~~ of ~~executive~~principal ~~compensation and golden parachutes.~~suppliers;

WeOur ~~have~~restaurant ~~irrevocably~~operation ~~opted~~relies ~~out~~on ofseveral ~~the~~food ~~extended~~wholesalers ~~transition period~~ for ~~complying~~our ~~with~~products ~~new~~including, orbut ~~revised~~not ~~accounting~~limited ~~standards~~to, ~~pursuant~~Pacific toBottle ~~Section~~Company, ~~107(b)~~Sysco ofFoods, ~~the~~and ~~Act~~Conte Foods.

Prior to incorporation on June 16, 2010, we entered into an assignment agreement with Rodelio Mining Ltd., an unrelated third party company, to acquire La Carlota for the sum of $5,000. At the time of entering into the assignment agreement, our previous President, Guilfred Casimiro, believed that the Company had already been incorporated on the laws of the State of Nevada. As a result, the assignment agreement constitutes a “pre-incorporation contract” and was subsequently ratified, including all other prior acts and actions, by our board of directors.(vi)

~~Subsequent~~Dependence ~~to incorporation, our two directors and officers purchased “seed stock” in the Company and engaged a consulting geologist, Angela Ventura, to prepare a geological report~~ on ~~the~~one Laor ~~Carlota Property. Mr. Ventura’s geological report dated June 28, 2010 recommends~~ a ~~two~~few ~~phase~~major ~~program which is set out in detail in the section below titled “Properties”. We do not have an ore body on La Carlota and the chances of us ever having an ore body are remote.~~customers;

OnNot ~~May~~applicable 14, 2013, the Company entered into a Share Purchase Agreement (the “SPA”) with the owners of New World Minerals S.A.P.I. de C.V. (“New World”) Under the terms of the SPA, On September 9, 2013, the Company issued 10,000,000 shares of the Company at a deemed value of $1.00 per share to ~~the~~our ~~owners~~restaurant ~~of New World in exchange for 28% of the issued and outstanding shares of New World~~operation. ~~New World is a mining operator in the Chihuahua region of Mexico which owns three working mines; Morelos, La Luna, and Peneto.~~

5(vii)

~~On July 4~~Patents, ~~2013~~trademarks, ~~the Company entered into an agreement to increase its ownership in New World by 17% to 45% by issuing 5~~licenses,~~000,000~~ ~~shares at $1.00 per share and investing $750~~franchises,~~000~~ ~~in New World. The 5~~concessions,~~000,000~~ ~~shares~~royalty ~~were~~agreements ~~issued~~or onlabor ~~May 9~~contracts, ~~2013.~~including ~~The $750,000 was to be invested in New World over the following year.~~duration;

OnNot January 15, 2014, the Company converted the $750,000 commitment to New World into 20 0,000 shares (20,000,000 pre- reverse split ) of the Company , and on January 17, 2014 these shares were issued. As the fair value of these shares was $ 1,096,000 (based on the quoted price of the Company’s stock on January 17, 2014 ), the Company recorded a loss on debt extinguishment of $ 346 ,000 in the statement of operations.applicable

On August 5, 2014, the Company completed a merger with Budbay Inc. a wholly owned subsidiary incorporated in the State of Nevada. This corporate action was approved by the Company’s Board of Directors as authorized by Nevada corporate law. The company applied to FINRA for approval of the merger together with a 1 for 100 reverse stock split. The merger and reverse stock split was approved by FINRA on August 19, 2014 and became effective on August 20, 2014.(viii)

OnNeed October 12, 2014, at a special meeting of the board of directors of the Company, the Company resolved to enter into, execute, and close a share exchange agreement to acquire 100% of the outstanding shares of The Spud Shack Fry Company Ltd., an operating British Columbia based restaurant company (“Spud Shack”). Under the terms of the Agreement, the Company acquired 100% of Spud Shack in exchange for ~~the~~any ~~issuance~~government ofapproval ~~90,000,000 restricted common shares~~ of ~~the~~principal ~~Company~~products ator ~~a deemed price of $0~~services.01 ~~per share for a total acquisition cost of $900,000. The Agreement was closed on Friday, October 17, 2014.~~

~~On November~~Our ~~18,~~restaurant ~~2014,~~operation ~~the~~is ~~Company~~licensed completed a merger with Monarchy Ventures Inc., a wholly owned subsidiary incorporated in the State of Nevada. This corporate action was approved by the Company’s Board of Directors as authorized by Nevada corporate law. The company applied to ~~FINRA~~serve ~~for~~alcohol ~~approval~~and ofsubject ~~the merger together with a corporate name change~~ to ~~“Monarchy~~regular ~~Ventures~~health ~~Inc~~inspections.” ~~and a 1 for 3 reverse stock split. The merger, corporate name change and reverse stock split were approved by FINRA on November 20, 2014, and became effective on November 24, 2014.~~

Our company is considered an exploration company. It has spent sufficient funds on the three working mines; Morelos, La Luna, and Peneto since its acquisition. It has not yet undertaken sufficient exploration work on our mineral claim, La Carlota. Three of our claims are located in Mexico, our other claim, La Carlota, is located in the Philippines. We are currently mining the Mexican Claims and hope that the mining becomes profitable, we are also hopeful that our future exploration programs on the La Carlota claim will identify mineralization which eventually can be put into commercial production. It must be borne in mind that very few mineral claims explored are ever able to go into commercial production. This might be the case with La Carlota. Nevertheless, we would like to be able to generate revenue from La Carlota by selling the mineral we locate on the claim.(ix)

~~ITEM~~Effect ~~1A.~~of ~~RISK~~existing ~~FACTORS.~~or probable governmental regulations on the business;

~~Investing~~No inapplicable our common stock involves a high degree of risk. Before you invest in our common stock, you should be aware that our business faces numerous financial and market risks, including those described below, as well as general economic and business risks. The following discussion provides information concerning the material risks and uncertainties that we have identified and believe may adversely affect our business, financial condition and results of operations. Before you decide whether to ~~invest in~~ our ~~common~~restaurant ~~stock, you should carefully consider these risks and uncertainties, together with all of the other information included in this Form 10-K~~operation.

~~Risks Associated with our Company and our Industry~~(x)

WeEstimate ~~are~~of ~~governed~~the amount spent byduring ~~only~~each ~~one~~of ~~executive~~the ~~officer~~last two fiscal years on research and development activities, ~~Tim~~and ~~Ferguson~~if applicable, the extent to which ~~may~~the ~~lead~~cost toof ~~faulty~~such ~~corporate~~activities ~~governance.~~is borne directly by customers;

WeNot have two directors but only one executive officer who makes all the decisions regarding corporate governance. This includes their (executive) compensation, accounting overview, related party transactions and so on. They will also have full control over matters that require Board of Directors approval. This may introduce conflicts of interest and prevent the segregation of executive duties from those that require Board of Directors’ approval. This may lead to ineffective disclosure and accounting controls. Non-compliance with laws and regulations may result in fines and penalties. They would have the ability to take any action as they themselves review them and approve them. They would exercise control over all matters requiring shareholder approval including significant corporate transactions. We have not implemented various corporate governance measures nor have we adopted any independent committees as we presently do not have any independent directors.applicable

6(xi)

~~Our~~Costs ~~directors~~ and ~~officers~~effects ~~are not residents~~ of ~~the~~compliance ~~United~~with ~~States~~environmental ~~making~~laws ~~the~~(federal, ~~enforcement~~state ofand ~~liabilities~~local); ~~against them difficult.~~and

~~Our~~Not director and executive officer resides outside the United States. If a shareholder had a desire to sue them for damages, the shareholder would have to serve a summons and complaint. Even if personal service is accomplished and a judgment is entered against our directors in the United States, the shareholder would then have to locate the assets of our directors, and register the judgment in Mexico where the assets are located.applicable

~~Our executive officers have other business interests which may limit the amount of time they can devote to our Company and create conflicts of interest.~~(xii)

~~Our~~Number ~~executive~~of ~~officers~~total ~~have~~employees ~~other business interests~~ and ~~our~~number ~~President~~of ~~is unable to work~~ full -time for our Company. This might eventually led to business failure. He plans to devote only 40 hours per month at this time to our affairs which may lead to sporadic exploration activities and periodic interruptions of business operations. Unforeseen events may cause this amount of time to become even less. Our officer may also have conflicts of interest as a result of these relationships with the companies they currently work for.employees

We ~~must~~have ~~attract~~approximately 10 employees at our restaurant operating and ~~maintain~~no ~~key~~employees ~~personnel~~for orour mining operation other than our ~~business~~directors ~~will~~and ~~fail~~officers.

~~Success~~ITEM ~~depends on the acquisition of key personnel~~1A. We will have to compete with other companies both within and outside the mining industry to recruit and retain competent employees. If we cannot maintain qualified employees to meet the needs of our anticipated growth, this could have a material adverse effect on our business and financial condition.

WeRISK ~~are recently incorporated, have a lack an operating history and have yet to make any revenues~~FACTORS. ~~If we cannot generate any profits, you may lose your entire investment.~~

WeAs ~~are~~ a ~~recently~~smaller ~~incorporated~~reporting company ~~and have yet to generate any revenues. No profits have been made to date and if~~ we fail to make any then we may fail as a business and an investment in our common stock will be worth nothing. We have no operating history and thus no way for you to measure progress or potential future success. Success has yet to be proved. Currently, there are nonot ~~operations~~required ~~in place~~ to ~~produce~~provide ~~revenue. We~~this ~~are exploration and have yet to find or produce sellable product~~information. Financial losses should be expected to continue in the near future and at least until such time that we enter the production stage. As a new business we face all the risks of a ‘start-up’ venture including unforeseen costs, expenses, problems, and management limitations and difficulties. There is no guarantee, unfortunately, that we may ever be able to turn a profit or locate additional opportunities, hire additional management and other personnel.

WeITEM ~~need to acquire additional financing or our company will fail~~1B.

WeUNRESOLVED ~~must~~STAFF obtain additional capital or our business will fail. In order to explore the claim and eventually establish operations, we must secure more funds. Currently, we have very limited resources and have already accumulated a net loss. Without operations, we will make no money which may result in complete loss of your investment. Financing is also needed to bring product to market. Financing may be subject to numerous factors including investor sentiment, acceptance of mining claims and so on. We are committed to raising $750,000 to fund the Mexican operations. We may also have to borrow large sums of money that require substantial capital and interest payments. We also must perform mineral explorations on La Carlota Gold Claim to determine if any ore reserves are present.COMMENTS

7None

~~The~~ITEM ~~probability of a mineral claim having profitable reserves is very rare and our claim, even with large investments, may never generate a profit~~2.

WeLEGAL ~~are dependent upon our mining property for success~~PROCEEDINGS. All anticipated future revenues would come directly from our three small Mexican mines and our Philippine claim, La Carlota. Should we fail to extract and sell gold from this property, our business will fail. Mineral deposit estimates are imprecise and subject to error, and resource calculations when made may prove unreliable. Assumptions made regarding the supporting data may prove inaccurate and unforeseen events may lead to further inaccuracies. Sample variability, mining and processing adjustments, environmental changes, metal price fluctuations, and law and regulation changes are all factors that could lead to deviances from the original estimations. No assurances can be given that any mineral deposit estimate will ever be reclassified as a reserve. We have no known ore reserves. Despite future investment in exploration activities, there is no guarantee we will locate a commercially viable ore reserve. Most exploration projects do no result in discovery of commercially mineable deposits. With little capital available, we will have to limit our exploration which decreases the chances of finding a commercially viable ore body. Even if gold/and or silver is identified, La Carlota may not be put into production due to high extraction costs, low gold prices, or inadequate amount and reduced recovery rates. If the exploration activities do not suggest a commercially successful prospect then we may altogether abandon plans to develop the property.

~~The~~On ~~exploration~~October 7, 2015, we received a letter from an attorney demanding repayment of $171,803 of principal and ~~prospecting~~accrued interest on funds allegedly advanced to the company by his client. Although this historical debt has been recorded on our financial statements and was confirmed by our auditors, there are some discrepancies in the documents provided by the attorney in support of ~~minerals~~the isdemand ~~speculative~~for repayment. We have requested further evidence of the advances so that we can make a determination as to the validity of the debt and ~~extremely~~what ~~competitive~~terms ~~which~~and conditions may ~~make~~apply. ~~success~~As ~~difficult~~of the date of this report, we have not received a response.

We face strong competition from other mining companies for the acquisition of new properties. New properties increase the probability of discovering a profitable reserve. Most companies have greater financial and managerial resources than we do and can acquire and explore attractive new mining properties. We will face similar difficulties raising new capital to expand operations against the larger, better capitalized competitors. Limited supply and unforeseen demand from larger, more competitive companies may make secure all necessary equipment and materials difficult and may result in periodic interruptions or even business failure. Success depends on a combination of many factors including but not limited to: the quality of management, technical (geological) expertise, quality of land available for exploration and the capital available for exploration.6

WeITEM ~~have put our mineral projects into production without first establishing mineral reserves supported by a technical report or feasibility study~~3.

WeMINE ~~have~~SAFETY ~~placed our Mexican mineral projects into production without first establishing mineral reserves supported by a technical report and completing a feasibility study~~DISCLOSURES. Historically, such projects have a much higher risk of economic or technical failure. We have not based our production decision on a pre-feasibility or feasibility study of mineral reserves, which demonstrate our economic and technical viability. As a result, there is increased uncertainty, with specific economic and technical failure associated with this decision.

~~International~~On ~~operations~~October 17, 2014 the Company concluded the acquisition of 100% of the outstanding shares of Spud Shack Fry Company and subsequently, The Company has discontinued its interests in ~~Mexico~~the Mexican mining properties with New World Metals SAPI and the ~~Philippines~~La ~~are~~Carlota ~~subject~~mineral toclaim ~~inherent~~in ~~risks~~the Philippines.

~~Political~~The ~~instability,~~Securities ~~uncertainty~~and ofExchange ~~the~~Commission ~~economic~~(SEC) ~~climate,~~approved ~~currency~~amendments ~~fluctuations,~~to ~~exchange~~its ~~controls~~rules ~~and~~on ~~taxation~~December ~~laws~~21, ~~may~~2011 beto ~~significant~~implement inthe ~~our~~mine ~~business~~safety ~~dealing~~disclosure inrequirements ~~Mexico~~contained ~~and~~in ~~the~~Section ~~Philippines.~~1503 ~~Access to all~~ of the ~~equipment,~~Dodd-Frank ~~supplies~~Act. ~~and~~Section ~~materials~~1503 ~~necessary~~requires toSEC ~~begin~~registrants ~~exploration~~that ~~may~~are ~~not~~operators beof ~~available~~coal ~~and~~or ~~may~~other ~~delay~~mines ~~our~~to ~~exploration~~include ~~activities~~ in ~~the~~their ~~Philippines. We~~periodic ~~have~~and ~~not~~current ~~yet~~reports ~~attempted~~disclosures toregarding ~~locate~~certain orsafety ~~negotiate with any suppliers of products~~violations, ~~equipment~~orders orand ~~materials~~regulatory ~~but~~actions. ~~plan~~Based toon doItem so104 ~~when~~of ~~exploration~~Regulation ~~begins. Exchange~~S-K ~~rate changes between~~ the ~~Mexican~~Company ~~and~~is ~~Philippine~~able ~~currencies~~to ~~and~~report the ~~U.S.~~following, ~~Dollar~~for ~~may~~the ~~also~~time ~~adversely~~period ~~affect~~covered ~~our~~by ~~successful~~the ~~operations.~~report:

~~Our future operations may be adversely affected by future governmental and environmental regulations and permitting.~~·

~~Environmental~~no ~~regulations~~violations ~~may negatively affect the progression~~ of ~~operations~~mandatory ~~and~~health ~~these~~or ~~regulations~~safety ~~may~~standards ~~become~~that ~~stricter~~could insignificantly ~~the~~and ~~future.~~substantially Incontribute ~~Mexico~~to ~~and in~~ the ~~Philippines,~~cause ~~all mining is regulated by Federal~~ and ~~State/Provincial~~effect level government agencies. Obtaining licenses and permits from these agencies as well as an environmental impact study for each mining property must be completed before starting mining activities. These are expensive and affect the timing of ~~operations. Pollution~~a ~~can~~coal beor ~~anticipated~~other ~~with~~mine ~~mining~~safety ~~activities. If we are unable to comply with current~~ or ~~future~~health ~~regulations,~~hazard ~~this~~under ~~may~~Section ~~expose~~104 usof tothe ~~fines,~~Federal ~~penalties and litigation that could cause our business to fail.~~Mine

8Safety and Health Act of 1977 (Mine Safety Act) for which the operator received a citation from the Mine Safety and Health Administration (MSHA);

~~We are vulnerable to the change of the world gold supply, demand and prices.~~·

~~Gold~~no ~~prices~~orders ~~change~~issued onunder aSection world market beyond our control. A drop in price would adversely affect our ability to generate a profit. All our revenues would be derived from the sale of gold and possibly other precious metals. Changes in the price of gold thus may affect profitability and impede us from being able to afford to continue operations. Gold prices historically have fluctuated widely; price tends to be linked to a number of factors beyond our control such as: various macroeconomic factors 104(~~terrorism, political and regional events that may include such, confidence in the global monetary system, rate of inflation expectations, interest rates, US dollar and certain other currency strength~~b); ~~speculative or hedging activities; forward sales by producers, speculators and other holders; central bank lending; sales and purchases~~ of ~~gold; industrial and jewelry demand; and~~ the ~~current~~Mine ~~supply~~Safety and demand. These things are impossible for us to predict. Per ounce, gold has been $384 (1995), $279 (2000), $420 (2005), $1,120 (2010), $1,834 (2011), $1,755 (2012), $1,200 (2013), $1,200 (2014) London PM Fix Price for instance. This volatility may favor operations now but should the price drop unexpectedly some or all exploration activities may become economically unfeasible in the future.Act;

~~We are subject to inherent mining hazards and risks that may result in future financial obligations.~~·

~~Risks~~no citations and ~~hazards~~orders ~~associated~~for ~~with~~unwarrantable ~~the~~failure ~~mining~~of ~~industry~~the ~~may~~mine ~~adversely~~operator ~~affect our operations such as, but not limited~~ to,: ~~political~~comply ~~and~~with ~~country~~mandatory ~~risks,~~health ~~industrial accidents, labor disputes, inability to retain necessary personnel~~ or ~~equipment,~~safety ~~environmental~~standards ~~hazards,~~under ~~unexpected~~Section ~~geologic~~104(d) formations, cave-ins, landslides, flooding and monsoons, fires, explosions, power outages, processing problems. Personal injury and death could result as well as property damage, delays in mining, environmental damage, legal liability and monetary loss. We may not be able to obtain insurance to cover these risks at economically reasonable premiums. We do not carry any sort of ~~insurance~~the ~~and~~Mine ~~may~~Safety ~~have difficulties obtaining such once operations start as insurance is generally sparse and cost prohibitive.~~Act;

~~Risks related to our stock~~·

Weno ~~may~~flagrant ~~not~~violations beunder ~~able~~Section to110(b)(2) ~~raise additional capital through future offers~~ of ~~our shares but in doing so will dilute~~ the ~~shares~~Mine ~~presently~~Safety ~~issued and outstanding.~~Act;

Raising additional capital through future offerings of common stock may be necessary for our company to continue going, but there is no guarantee that this will be possible. Doing so will, however, dilute percentage of our Company’s shares presently held by our shareholders. Financing may be achieved by issuing more shares which will increase the number of common shares outstanding. This will decrease the percentage interest held by each of our shareholders. As the total number of outstanding common shares increases, the equity attached to any individual share will decrease causing a dilution of shareholders’ ownership over the company. With little other access to funds currently, we may have to rely on this method substantially to raise additional capital.·

~~There is~~ no ~~market~~imminent ~~for~~danger ~~our~~orders ~~common~~issued ~~stock~~under ~~meaning~~Section ~~that~~107(a) ~~you~~of ~~may~~the ~~not~~Mine beSafety ~~able~~Act; ~~to resell your shares.~~and

Our common stock currently has no market limiting our future shareholders’ ability to resell their shares or use them as collateral. Thus, a shareholder must sell their shares privately which may prove very difficult. The shares are not currently listed on any exchange or quotation system. Private sales are more difficult and often give lower than anticipated prices.·

~~Should~~no aproposed ~~public~~assessments ~~market~~(regardless ~~develop~~of ~~for~~whether ~~our~~the ~~stock,~~assessment ~~future~~is ~~sales~~being ofchallenged ~~shares~~or ~~may~~appealed) ~~negatively~~from ~~affect~~the ~~their~~MSHA ~~market~~under ~~price~~the Mine Safety Act.

~~Even~~PART if a market develops, the shares may be sparsely traded and have wide share price fluctuations. If we succeed in receiving a quotation, the liquidity of the stock may be low despite there being a market making it difficult to get a return on the investment. In addition the price also depends on potential investor’s feelings regarding the results of our operations, the competition of other companies’ shares, mineral prices, our ability to generate future revenues, and market perception about future mineral exploration.II

~~Because~~ITEM ~~our stock is a “penny stock”, trading of it may be restricted and limit a shareholder’s ability to buy and sell shares~~4.

AsMARKET ~~our~~FOR ~~stock~~REGISTRANT’S isCOMMON ~~a penny stock~~EQUITY, ~~there~~RELATED ~~are~~STOCKHOLDER ~~restrictions~~MATTERS ~~imposed~~AND byISSUER ~~the~~PURCHASES ~~United~~OF ~~States~~EQUITY ~~Securities and Exchange Commission’s (“SEC”) penny stock regulations and the FINRA’s sales practice requirements~~SECURITIES. This might limit a shareholder’s ability to buy and sell their shares as broker-dealers may be less likely to engage in transactions of our common shares. A penny stock generally includes any non-NASDAQ equity security that has a market price of less than $5.00 per share. Our common stock is expected to trade well below that mark. Rules 15g-1 through 15g-9 under the Exchange Act impose sale practice and disclosure requirements on certain brokers-dealers who engage in certain transactions involving a “penny stock”.

9Market Information

WeOur ~~have~~common ~~not~~stock ~~paid~~is ~~nor~~quoted ~~anticipate~~on ~~paying~~the ~~cash~~OTC ~~dividends~~Markets onGroup, Inc.’s OTCQB tier under the symbol “IWMG” The following is a summary of the high and low closing bid prices of our common stock for the periods indicated, as reported by the OTC Markets Group, Inc. The quotations reflect inter-dealer prices, without retail mark-up, mark-down or commissions and may not necessarily represent actual transactions.

Cash dividends are not currently paid on our common stock shares nor are they expected to be paid in the near future. We intend to retain our cash for the continued development of our business. Thus, you will not be able to derive any dividend income and your return on investment will solely be based on your ability to sell your shares in a secondary market.


	High		Low
Year ended June 30, 2016:
First Quarter	$	1.34	$	0.46
Second Quarter	$	0.55	$	0.265
Third Quarter	$	0.91	$	0.31
Fourth Quarter	$	0.40	$	0.10

~~ITEM~~The 2.share ~~PROPERTIES~~prices above reflect our 1-for-3 stock consolidation effective November 24, 2014.

~~Mexico:~~On June 30, 2016, the closing bid price on the OTC Markets Group, Inc.’s OTCQB tier for our common stock was $0.11.

In Mexico, we have a 45% interest in New World Metals SAPI (“New World”) which directly owns three working mines; Morelos, La Luna, and Peneto located in Chihuahua, Mexico. The Company is a 45% shareholder in New World. All three interests are lode mining concessions granted by the State, with the right to explore and exploit. The expiration dates for all titles expire in 2052. The three concessions have been all obtained through the State Ministry of Mines. New World Metals has both the surface and mineral rights to the property. The Concessions are without known proven (measured) or probable (indicated) reserves, as defined under SEC Industry Guide 7, and the exploration program is exploratory in nature.Stockholders

~~Authorization~~As of June 30, 2016, we had approximately 19 shareholders of record and ~~Permits~~66,937,845 shares of common stock outstanding.

The transfer of concessions in Mexico must be registered under Mexican law. We have been advised that the transfer of the concessions to New World Metals has been registered with the appropriate Mexican authorities. Under Mexican law, a mining concession gives the holder both exploration and exploitation rights for any minerals found in the property. To maintain the concession, the holder must pay appropriate taxes, perform assessment work, comply with environmental laws, and file a production report each year with the appropriate authorities. Foreign individuals and companies wanting to hold concessions must do so through ownership in a Mexican corporation or through a joint venture and they may not hold mining concessions directly. Because of those requirements, we rely on New World Metals, persons associated with New World Metals, and its employees and consultants in Mexico, to perform all acts necessary to comply with the legal requirements necessary to maintain the concessions.7

~~The Company has been advised that consultants working with New World Metals have obtained all of the approvals required for exploration rights under the concessions.~~Dividends

~~Mineralization~~We have not declared or paid any cash dividends on our capital stock in our history as a public company. We currently intend to retain all future earnings to finance our business and do not anticipate paying cash or other dividends on our common stock in the foreseeable future.

~~The~~Transfer ~~mineralization is believed to be a low sulphadation epithermal deposit in quartz and calcite vein structures. The gold and silver on the properties is found in these veins and the host rock is shale.~~Agent

~~Morelos~~Our ~~Mine~~transfer agent is Action Stock Transfer Corp. at: 2469 E. Fort Union Blvd Suite 124 Salt Lake City, UT 84121. Tel: (801) 274-1088, Fax: (801) 274-1099

WePurchases ~~hold~~of anEquity ~~indirect~~Securities ~~45%~~by ~~interest in this mine through our investment in New World. New World owns a direct interest in this mine. In 2013, major repairs and upgrades have been carried out to~~ the ~~mining~~Issuer ~~structure at the Morelos Mine. Current assays at this new level show 1 gram of Gold~~ and ~~200~~Affiliated grams of Silver per ton. The Morelos mine is 21 hectares and has gold and silver as its main minerals with assays averaging 2 grams of gold and 600 grams of silver per ton. Currently there is a stockpile of 6,000 tons of ore ready to process. Production is currently 30 tons per day.Purchasers

10None

~~Additional~~Recent ~~Mine~~Sales ~~details:~~of Unregistered Securities

Name of Property		Morelos, Title number: T172230
Location and access		7.4 km southeast of Inde, Durango; Mexico, 2 hour drive from Parral, accessible by highway and 6 km of well-traveled dirt road
Description / History		This mine was in full production in the 1950′s. During the 1970′s it produced high grade mineral (15 kgs. of Silver)
Acreage		21 Hectares
Minerals Types		Gold & Silver
Stock Pile Size		6,000 tons
How many Assays		Multiple
Avg. Assay Results		600 Gr Silver 2 Gr Gold per ton
Bulk Sampling rate		40 Tons per day.
Source of power and water		Diesel generator, power line approx. 100m from property, water pumped out of mine and stored on site

During the year ended June 30, 2016, $10,000 (2015 - $69,500) of debt was converted into 10,000,000 (2015 – 26,500,000) common shares as follows:

La Luna Mine


Effective Date	Purpose	Shares	Value
September 15, 2015	Conversion of debt¹	10,000,000	$ 10,000
Total		10,000,000	$ 10,000

We hold an indirect 45% interest in this mine through our investment in New World. New World owns a direct interest in this mine. In 2013 the La Luna Mine has been pumped free of water to the lower levels, and the shaft has been lowered an additional 7 meters. Most recent assays at these levels show 1.5 grams of Gold and 600 grams of Silver. The La Luna mine is 30 hectares and has gold and silver as its main minerals with assays averaging 2.5 grams of gold and 600 grams of silver per ton. Currently there is a stockpile of 3000 tons of ore ready to process. Production is currently 25 tons per day.Notes:

~~Additional~~1. ~~Mine~~Value ~~details:~~based on par value of $0.001 per (pre-reverse split) share as per convertible debt agreement

Name of Property		La Luna, Title number: T217204
Location and access		Matamoros, Chihuahua, 42 km south of Parral, 24 km of highway, and 18 km of well-traveled dirt road.
Description / History		This mine was in operation in the 1970′s, but only the north zone was mined and only to the third level.
Acreage		30 hectares
Minerals Types		Gold and Silver
Stock Pile Size		3,000 tons
How many Assays		Multiple
Avg. Assay Results		600 Grams Silver; 2.5 Grams Gold. The main vein shows 13 kilos Silver and 25 Grams Gold
Bulk Sampling rate		30 Tons per day

2. Value based on par value of $0.001 per share as per convertible debt agreement

~~Source~~In ofconnection ~~power~~with the above stock issuances, ~~water~~we ~~Access~~did not pay any underwriting discounts or commissions. None of the sales of securities described or referred to ~~electrical~~above ~~grid~~was ~~power~~registered onunder ~~site~~the Securities Act of 1933, ~~water~~as ~~pumped~~amended ~~out~~(the “Securities Act”). We or one of ~~mine~~our investors had a prior business relationship with each of the purchasers, and ~~stored~~no ongeneral ~~site~~solicitation or advertising was used in connection with the sales. In making the sales without registration under the Securities Act, we relied upon the exemption from registration contained in Section 4(2) of the Securities Act.

~~Peneto~~ITEM ~~Mine~~5.

WeSELECTED ~~hold~~FINANCIAL an indirect 45% interest in this mine through our investment in New World. New World owns a direct interest in this mine. The Peneto mine has gold and silver as its main minerals with assays averaging 11 grams of gold and 170 grams of silver per ton. Currently there is a stockpile of 500 tons of ore ready to process. Production is currently at 15tons per day. In 2013, at the Peneto Mine, the shaft was deepened an additional 8 meters, and assays have been ordered on these recent samples.DATA

11As a smaller reporting company we are not required to provide this information.

~~Additional~~ITEM ~~Mine details:~~6.

Name of Property		Peneto, Title number: T194641
Location and access		Santa Barbara, Chihuahua, access by 6km of well-traveled dirt road
Description / History		Mine in production since 1990, but only explored to the fourth level
Minerals Types		Gold & Silver
Stock Pile Size		500 Tons
Acreage
Avg Assay Results		20 Hectares
11 Grams Gold, 170 Grams Silver
Bulk Sampling Rate		15 Tons per day

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

~~During~~Certain ~~the~~statements 6set ~~months~~forth ~~ended~~below ~~October~~under ~~31,~~this ~~2013,~~caption ~~New~~constitute ~~World~~forward-looking ~~has~~statements. ~~spent~~See ~~$141,641~~“Forward-Looking onStatements” ~~exploration~~preceding ~~activities.~~Item 1 ~~Our share~~ of this ~~loss~~Annual ~~was~~Report ~~$54,989~~on ~~which~~Form 10-K ~~has~~for ~~been~~additional ~~recorded~~factors inrelating ~~the~~to ~~records~~such ~~as an equity loss in the investment in New World~~statements.

~~Our~~You ~~total~~should ~~daily~~read ~~production~~the orfollowing ~~bulk~~discussion ~~sampling~~and ~~rate~~analysis ~~was~~of afinancial ~~combined~~condition ~~85 tons per day for all three mines. Based on this daily total,~~ and onresults ~~a basis~~ of 25operations ~~operating~~in ~~days~~conjunction ~~per~~with ~~month,~~the ~~our~~consolidated ~~bulk~~financial ~~sampling~~statements ~~rate~~and isrelated ~~approximately~~notes ~~25,500~~appearing ~~tons~~elsewhere ~~per~~in ~~year~~this Report.

12Overview

~~Philippines:~~The Company, I-Wellness Marketing Group Inc. (formerly Monarchy Ventures Inc.) (the “Company”), was incorporated under the laws of the State of Nevada on June 16, 2010 with authorized capital stock of 300,000,000 shares at $0.001 par value..

InOn October 17, 2014, the ~~Philippines~~Company weacquired ~~have~~100% aof ~~single~~the ~~mineral~~outstanding ~~claim~~shares of The Spud Shack Fry Company Ltd., Laan ~~Carlota~~operating British Columbia based restaurant company (“Spud Shack”). ~~The~~Under ~~title~~the ~~indicates~~terms ~~that~~of the Agreement, the Company ~~owns~~acquired 100% of Spud Shack in exchange for the ~~property~~issuance ~~outright~~of 90,000,000 restricted common shares of the Company at a deemed price of $0.01 per share for a total acquisition cost of $900,000. The Agreement was closed on Friday, October 17, 2014.

~~The La Carlota Gold Claim was acquired on June 30, 2010. The Company has a Gold Claim on a 97.3 Hectare area can be identified in the Philippines by the following information:~~8

~~Property~~On ~~Name:~~December La21, ~~Carlota~~2015, ~~Gold~~the ~~Mine~~Company entered into an exclusive marketing agreement and was granted the exclusive worldwide marketing rights to a health and fitness application called 60K which is currently under development for iPhone, Android, tablets and desktop computers. Pursuant to the exclusive marketing agreement the Company will provide $100,000 in initial financing to complete the application as well as for marketing the release of a prototype. The Company will retain 30% of all revenue generated by the application.

~~Certificate~~In ~~Number:~~January ~~PCLC1028858~~2016, the Company merged with its wholly owned subsidiary, I-Wellness Marketing Group Inc. which is a Nevada corporation incorporated during the six months ended December 31, 2015.

~~Title~~In ~~Number:~~February ~~CA188042~~9, 2016, the Company changed its name from Monarchy Ventures Inc. to I-Wellness Marketing Group Inc.

~~Registration~~Our ~~Received: June~~auditors ~~11,~~have ~~2010;~~issued ~~Entered~~a going concern opinion. This means that our auditors believe there is substantial doubt that we can continue as an on-going ~~June~~business ~~14,~~for ~~2010~~the next twelve months unless we obtain generate revenues from operations or raise additional financing.

~~Title~~As ~~Granted~~of ~~On:~~ June 30, ~~2010~~2016, we had a working capital deficit of $1,050,249 and an accumulated deficit of $1,135,522.

~~Parcel~~Despite ~~Identifier:~~the ~~058-735-651~~commitment of one of our director to continue to advance us funds over the next twelve months, our future financial success will be dependent on the success of the restaurant and further development of “60K”, our health and fitness application.

8Our ~~Unit~~Company ~~Claim~~has ~~Block:~~no ~~97.3~~current ~~Hectares~~plans, proposals or arrangement, written or otherwise, to seek a business combination with another entity.

~~Our~~Results ~~mining geologist, Angelo Ventura, recommended a two phase exploration program~~ of ~~this~~Operations ~~property but as of the date of this Form 10-K work has been undertaken on the La Carlota.~~

The ~~Budget~~Year Ended June 30, 2016 compared to the Year Ended June 30, 2015

	Philippine		United States
Phase I (Completed)	Currency		Currency
Geological mapping including air photo	315,268	$	7,198
Geophysical surveying	291,500		6,655
Total Phase I	606,768		13,853
Phase II
Geochemical surveying with surface mapping including grab and soil samples	1,192,961		27,237
Total Phases I and II	1,799,729	$	41,090

During the year ended June 30, 2016 and June 30, 2015 our restaurant generated gross income of $134,688 and $115,170, respectively. This increase can be attributed to an increase in total sales over the same period while cost of goods decreased from 70% in 2015 to 67% for 2016.

~~The~~Liquidity ~~above~~and ~~conversion~~Capital ~~rate has been done at PHP 43.8 to US $1.00. (July 11. 2011 rate at PHP 42.62 to US $1.00)~~Resources

~~Phase~~Net Icash ~~was~~used ~~commenced~~in operating activities for the year ended June 30, 2016 and 2015was $26,505 and $77,942, respectively. This can be attributable to an increase in ~~July~~our ~~2011~~expenses for the years ended June 30, 2016 and 2015 were $223,742 and $252,970, respectively. The decrease in expenses is attributable to a decrease in general and administrative expenses and depreciation offset by an increase in interest expense and professional fees. Changes in foreign exchange improved the ~~report~~company’s ~~issued~~financial position by ~~Jonathan~~$12,304 ~~Malig~~during ~~was~~the ~~dated~~year ~~December~~ended 13June 30, ~~2011~~2016 such that the losses for the year ended June 30, 2016 were $(76,750) compared to ($90,832) for the same period in 2015.

~~RECOMMENDATION~~Net &cash ~~CONCLUSION~~used in investing activities for the year ended June 30, 2016 and 2015, was $-0- and $4,144, respectively. As the restaurant operation matures and the menu stabilizes, we expect the need for new food preparation property and equipment to decline as evidenced by the drop in the purchase on property and equipment.

~~Based~~Net oncash ~~the~~provided ~~results~~by offinancing ~~the~~activities ~~exploration~~for ~~and~~ the ~~geological~~year ~~mapping~~ended ~~done~~June ~~to date~~30, an2016 ~~extensive~~and ~~diamond~~2015, ~~drilling~~was ~~program~~$26,505 isand ~~recommended~~$65,837, asrespectively. itAs isour ~~clearly~~restaurant ~~evident~~sales ~~that~~have ~~significant~~grown ~~mineralization~~or ~~exists~~required onfor ~~the~~cash ~~property~~infusions have declined.

~~The~~Off-Balance ~~soil~~Sheet ~~sampling results (which are shown below) also suggest that an extensive diamond drilling program is merited and that significant mineralization exists on the property.~~Arrangements

~~The~~We ~~soil~~have ~~sampling,~~not ~~highlights~~entered ~~are~~into asany ~~follows:~~off-balance sheet arrangements.

·Critical Accounting Policies and Estimates

~~3,5km~~In ~~soil~~presenting ~~anomaly~~our ~~co-incident~~financial statements in conformity with ~~hard~~U.S. generally ~~rock~~accepting ~~artisanal~~accounting ~~gold~~principles, ~~working~~or GAAP, we are required to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, costs and expenses and related disclosures.

·9

~~Four~~Some ~~prospects~~of ~~defined~~the estimates and assumptions we are required to make relate to matters that are inherently uncertain as they pertain to future events. We base these estimates and assumptions on historical experience or on various other factors that we believe to be reasonable and appropriate under the circumstances. On an ongoing basis, ~~with~~we ~~three~~reconsider ~~currently~~and ~~being~~evaluate ~~explored~~our estimates and assumptions. Actual results may differ significantly from these estimates.

·We believe that the critical accounting policies listed below involve our more significant judgments, assumptions and estimates and, therefore, could have the greatest potential impact on our financial statements. In addition, we believe that a discussion of these policies is necessary to understand and evaluate the financial statements contained in this Form 10-K.

~~Granite-hosted~~Estimates ~~quartz vein~~ and ~~stock work deposit~~Assumptions

·Management uses estimates and assumptions in preparing financial statements in accordance with general accepted accounting principles. Those estimates and assumptions affect the reported amounts of the assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. Actual results could vary from the estimates that were assumed in preparing these financial statements.

~~Visible~~Income ~~gold identified in 25 holes~~Taxes

·The Company utilizes the liability method of accounting for income taxes. Under the liability method deferred tax assets and liabilities are determined based on differences between financial reporting and the tax bases of the assets and liabilities and are measured using the enacted tax rates and laws that will be in effect, when the differences are expected to be reversed. An allowance against deferred tax assets is recorded, when it is more likely than not, that such tax benefits will not be realized.

~~Artisanal~~Recent ~~workings~~Accounting ~~define a 16km-long mineralised corridor~~Pronouncements

·The Company does not expect the adoption of any recent accounting pronouncements to have a materially impact on its financial statements.

~~Systematic~~ITEM ~~soil and stream sampling over majority of license completed~~7.

·FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.

IPThe ~~resistivity~~financial /statements ~~radiometric~~attached ~~survey~~to ~~completed~~this Form 10-K for the year ended June 30, 2016 have been audited by our independent auditor, Dale Matheson Carr-Hilton Labonte LLP, Chartered Professional Accountants.

·ITEM 8.

12CHANGES ~~trenches~~IN ~~complete~~AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE.

13None.

~~Monarchy’s~~ITEM ~~Main Product~~8A.

~~Since~~CONTROLS ~~our~~AND ~~investment in New World in May 2013, Monarchy has put its exploration in La Carlota on hold~~PROCEDURES. ~~Through its investment in New World, the Company is extracting ore and continuing to assay its raw ore.~~

~~Exploration~~Evaluation ~~Facilities~~of disclosure controls and procedures

InOur ~~Mexico~~principal executive officer, who is also our principal financial officer, has evaluated the Company’s ~~has~~disclosure ~~plans~~controls toand ~~process~~procedures ~~its~~as ~~raw~~of ~~ore~~June 30, 2016. Based on ~~site~~this evaluation, we have concluded that because of the material weakness in our internal control over financial reporting discussed below, the disclosure controls and isprocedures ~~currently~~were ~~studying~~not effective to ensure that the ~~feasibility~~information required to be disclosed by the Company in the reports that it files or submits under the Securities Exchange Act of 1934 are recorded, processed, summarized and ~~raising~~reported, within the ~~funds~~time periods specified in the Commission’s rules and forms and to ~~build~~ensure athat ~~small~~information ~~flotation~~required ~~system~~to be disclosed by the Company in the reports that it files or submits under the Securities Exchange Act of 1934 are accumulated and communicated to Company’s management as appropriate to allow timely decisions regarding required disclosure.

~~Other~~Notwithstanding ~~Mineral~~the ~~Properties~~material weakness discussed below, our management has concluded that the consolidated financial statements included in this Form 10-K present fairly, in all material respects, our financial position, results of operations and cash flows for the periods presented in conformity with accounting principles generally accepted in the United States.

~~We have not yet considered any other mineral properties until such time as we have at least raised additional funds to fully develop the Mexican claims.~~10

~~Employees~~Management’s annual report on internal control over financial reporting

AsManagement of ~~February~~the ~~12,~~Company ~~2015,~~is ~~our~~responsible for establishing and maintaining adequate internal control over financial reporting as defined in Exchange Act Rules 13a-15(f). The Company’s ~~did~~internal ~~not~~control ~~have~~over ~~any~~financial ~~employees~~reporting ~~either~~is ~~part~~a ~~time~~process oraffected ~~full~~by ~~time~~the ~~other~~Company’s ~~than~~management ~~its~~to ~~director~~provide ~~and~~reasonable ~~officer.~~assurance ~~Meanwhile,~~regarding ~~its~~the ~~investment~~reliability ~~New~~of ~~World~~financial ~~has~~reporting ~~over~~and 10the ~~full~~preparation ~~time~~of ~~employees~~the Company’s financial statements for external purposes in ~~Mexico~~accordance atwith ~~its~~U.S. ~~three~~generally ~~mine~~accepted ~~sites~~accounting principles.

WeIn ~~are~~designing ~~not~~and aevaluating ~~party~~our tointernal ~~any~~controls ~~employment~~and ~~contracts~~procedures, orour ~~collective~~management ~~bargaining~~recognized ~~agreements. Mexico~~that ~~has~~internal acontrols ~~relatively~~and ~~large~~procedures, ~~pool~~no ofmatter ~~people~~how ~~experienced~~well inconceived ~~exploration~~and ofoperated, ~~mineral~~can ~~properties;~~provide ~~being~~only ~~mainly~~a ~~geologist~~reasonable, ~~and~~not ~~mining consultants. In addition~~absolute, ~~there~~assurance isthat nothe ~~lack~~objectives of ~~worker~~the ~~and~~internal ~~consultants~~controls ~~initially~~and onprocedures aare ~~part time basis~~met.

~~Competition~~The Company’s management assessed the effectiveness of its internal control over financial reporting as of June, 2016. In making this assessment, it used the criteria set forth by the Committee of Sponsoring Organizations (COSO) of the Treadway Commission’s 2013 Internal Control—Integrated Framework. Based on its assessment, management identified deficiencies in both the design and operating effectiveness of the Company’s internal control over financial reporting, which when aggregated, represent a material weakness in internal control. The most significant of these are: (1) lack of segregation of duties; (2) lack of accounting expertise; and (3) lack of timely closing of books; (4) inability to get accounting information and schedules to our auditors in a timely manner. A material weakness is a deficiency or a combination of deficiencies in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of our annual or interim financial statements will not be prevented or detected on a timely basis.

InThe ~~Mexico~~material ~~and~~weaknesses ~~the~~identified ~~Philippines,~~above ~~there~~result ~~are~~from ~~numerous~~insufficient ~~mining~~qualified personnel in our finance department. This results in an inability to provide effective oversight and ~~exploration~~review ~~companies,~~of ~~both~~financial ~~big~~transactions with regard to accumulating and ~~small. Every~~compiling ~~mining~~financial ~~company~~data isin ~~constantly~~the ~~seeking~~preparation ~~mineral~~of ~~properties~~financial statements. The lack of ~~merit~~sufficient ~~and~~personnel ~~most~~also results in a lack of ~~them~~segregation ~~will~~of ~~have~~duties and the ~~funds~~accounting totechnical ~~acquire~~expertise ~~and~~necessary ~~explore~~for ~~these~~an ~~properties~~effective system of internal control. ~~Our~~ ~~Company~~As ~~does~~soon ~~not~~as ~~have~~our ~~the~~finances ~~funds~~allow, atwe ~~this~~plan ~~time~~on hiring additional finance staff and, where necessary, utilizing competent outside consultants to ~~compete~~provide ~~with~~a ~~these~~layer ~~mining~~of ~~companies~~review and ittechnical ~~might~~expertise ~~never~~that ~~have~~is ~~the~~currently ~~funds~~lacking toin ~~compete~~our internal controls over financial reporting.

~~The~~As ~~exploration~~a ~~business~~result isof ~~highly~~these ~~competitive~~material ~~and highly fragmented~~weaknesses, ~~dominated~~management byconcluded ~~both~~that ~~large~~the ~~and small mining companies. Success will largely depend on our~~ Company’s ~~ability~~did tonot ~~attract~~maintain ~~talent~~effective ~~from~~control ~~the~~over ~~mining~~financial ~~industry~~reporting inas ~~the~~of ~~Mexico~~June ~~and~~30, ~~the Philippines~~2016.

~~Even~~This ~~though~~annual wereport ~~have~~does ~~three~~not ~~small~~include ~~mines~~an inattestation ~~Mexico~~report ~~there~~of ~~is no guarantee that we will be able to extract~~ the ~~gold~~Company’s ~~and~~registered ~~silver~~public ~~from~~accounting ~~our~~firm ~~raw~~regarding ~~ore,~~internal ~~without~~control ~~having~~over ~~sufficient~~financial ~~funds to acquire the necessary facilities~~reporting. ~~Even~~Management’s ~~though~~report wewas ~~have~~not ~~the~~subject ~~rights~~ to ~~the~~attestation Laby ~~Carlota there is no guarantee we will be able to raise sufficient funds in~~ the ~~future~~Company’s toregistered ~~adequately~~public ~~explore~~accounting ~~the~~firm ~~claim. We~~pursuant ~~might have~~ to ~~seek~~an ~~out~~exemption afor ~~joint~~smaller ~~venture~~reporting ~~partner~~companies ~~thereby~~under ~~losing~~Section ~~percentage~~989G ~~interest in La Carlota. In the event we are unable to pay our proportional share~~ of the ~~exploration~~Dodd-Frank ~~costs~~Wall weStreet ~~might~~Reform beand ~~forced~~Consumer toProtection ~~dilute our interest in La Carlota~~Act.

IfChanges ~~we are successful~~ in ~~discovering~~internal ancontrol ~~ore~~over ~~body~~financial we might not be able to find facilities to mill and smelt the ore at a reasonable rate and hence might not be able to commence commercial production. At this time the Company does not have any contractual agreements with a refining company and there is the distinct possibility it might never have. There is no assurance that the Company’s mineral expansion plans will ever be realized.reporting

14There have been no changes in the Company’s internal controls over financial reporting during the year ended June 30, 2016 that have materially affected, or are reasonably likely to materially affect, internal control over financial reporting.

~~Risk~~Limitations ~~Inherent~~on inControls ~~Mexico~~ and ~~La Carlota~~Procedures

~~Monarchy~~Because ~~and~~of its ~~management~~inherent limitations, internal control over financial reporting may not prevent or detect misstatements. All internal control systems, no matter how well designed, have inherent limitations, including the possibility of human error and the circumvention of overriding controls. Accordingly, even effective internal control over financial reporting can provide only reasonable assurance with respect to financial statement preparation. Also, projections of any evaluation of effectiveness to future periods are ~~aware~~subject to the risk that controls may become inadequate because of changes in conditions, or that the ~~following~~degree ~~risks:~~of compliance with the policies or procedures may deteriorate.

1ITEM 8B.

~~The~~OTHER ~~full extent of the known body of commercial ore located in the three Mexican Claims is not known~~INFORMATION. ~~La Carlota does not contain a known body of commercial ore and, therefore, any program conducted on La Carlota would be exploratory search for ore.~~

2None.

There is no certainty that any expenditures made in processing the raw ore to metal or concentrate will be able to do so commercially. Also there is no certainty exploration of La Carlota will result in the discovery of commercial quantities of ore. Most exploration projects do not result in the discovery of commercially mineable deposits of ore.11

3.PART III

~~Resource~~ITEM ~~exploration and development is a speculative business in that our company might not be able to raise any funding subsequent to the raising of funds from our director~~9.

4DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE.

~~Failure~~DIRECTORS toAND ~~discover~~EXECUTIVE a mineral deposit at all is as bad as finding a mineral deposit which, though present, is insufficient in size or grade to return a profit from production. The marketability of any minerals acquired or discovered may be affected by numerous factors which are beyond Monarchy’s control and which cannot be accurately predicted, such as market fluctuations, the proximity and capacity of milling facilities, mineral markets and processing equipment, and such other factors as government regulations, including regulations relating to royalties, allowable production, importing and exploring of minerals, and environmental protection.OFFICERS

5Each of our Directors serves until his successor is elected and qualified. Each of our officers is elected by the Board of Directors to a term of one (1) year and serves until his successor is duly elected and qualified, or until he is removed from office. The Board of Directors has no nominating or compensation committees.

~~Mining~~Our ~~operations~~officers ~~generally~~and ~~involve~~directors aand ~~high~~their ~~degree~~respective ofages ~~risk. Hazards~~and ~~such~~positions as unusual or unexpected formations and other conditions are involved. Our Company may be subject to liability for pollution, cave-ins or hazards against which it cannot insure or which it may not elect to ensure. The payment of ~~such~~June ~~liabilities may have a material~~30, ~~adverse~~2016 ~~effect~~were onas ~~our financial position.~~follows:


Name and address	Age	Position(s)
Tim Ferguson 3651 Lindell Road Suite D612 Las Vegas, NV 89103	52	Chief Executive Officer, Chief Financial Officer, President and Director

Ambrocio Lainez-Morales 3651 Lindell Road Suite D612 Las Vegas, NV 89103	50	Director

LaTim ~~Carlota~~Ferguson ~~has~~was ~~never~~appointed ~~been~~to ~~surveyed~~the ~~and,~~Board ~~accordingly~~of Directors on September 3, ~~the~~2014 ~~precise~~and ~~location~~was ofappointed ~~the~~as ~~boundaries~~Chief ofExecutive ~~the~~Officer, ~~property~~President, and ~~ownership~~Chief ofFinancial ~~mineral~~Officer ~~rights~~ on ~~specific~~September ~~tracts~~18, of2014 ~~land~~by ~~comprising~~a ~~the~~Resolution ~~claim~~of ~~might~~the beBoard inof ~~doubt~~Directors.

~~ITEM~~Ambrocio Lainez-Morales 3.was ~~LEGAL~~appointed ~~PROCEEDINGS~~to the Board of Directors on September 3, 2014.

WeA ~~are~~description ~~not~~of athe ~~party~~work toexperience ~~any~~of ~~other~~our ~~legal~~directors ~~proceedings~~ and, toofficers ~~our~~is ~~knowledge;~~as ~~no other legal proceedings are pending, threatened or contemplated~~follows.

~~ITEM~~Mr. 4Timothy J. ~~MINE~~Ferguson, ~~SAFETY~~aged ~~DISCLOSURES~~52, has been the Owner and President of North By Northwest Ventures Inc., a private Canadian company that is an industry leader in commercial and residential landscape construction working throughout the Greater Vancouver Region and British Columbia for over 19 years. Mr. Ferguson has 25 years of experience in landscaping, land reclamation and environmental mitigation projects. Over this period, Mr. Ferguson has worked with major mining companies, governmental and private developers, and been closely involved in the design, estimating and operational aspects of these projects. Mr. Ferguson attended the British Columbia Institute of Technology where he became certified as a Bioscience Technician. He is also a certified horticultural technician in Canada.

~~The~~Mr. Ambrocio Lainez-Morales, ~~Securities~~aged 50, is ~~and~~a ~~Exchange~~certified ~~Commission~~Journeyman ~~(SEC)~~Horticultural ~~approved~~Landscaper. ~~amendments~~For tothe ~~its~~past ~~rules~~18 ~~on December 21~~years, ~~2011~~he tohas ~~implement~~worked ~~the~~full-time ~~mine~~for ~~safety~~North ~~disclosure~~By ~~requirements~~Northwest ~~contained~~Ventures inInc. ~~Section~~with ~~1503~~Mr. ofFerguson. ~~the~~Mr. ~~Dodd~~Lainez-~~Frank~~Morales ~~Act.~~has ~~Section~~served ~~1503~~in ~~requires~~almost ~~SEC~~every ~~registrants~~capacity ~~that~~in ~~are~~the ~~operators~~company, ofbeginning ~~coal~~as ora ~~other~~labourer, ~~mines~~through to ~~include~~a insite ~~their~~superintendent. ~~periodic~~Currently, ~~and~~Mr. ~~current~~Lainez-Morales’ ~~reports~~primary ~~disclosures~~role ~~regarding~~in ~~certain~~this ~~safety~~company ~~violations,~~is ~~orders~~Construction ~~and~~Superintendent, ~~regulatory~~where ~~actions.~~he ~~Based~~is onresponsible ~~Item~~for ~~104~~ensuring ofprojects ~~Regulation~~are ~~S-K~~completed ~~the~~professionally ~~Company~~and isaccurately. ~~able~~Mr. toLainez-Morales ~~report~~also ~~the~~speaks ~~following,~~fluent ~~for~~Spanish. ~~the time period covered by the report:~~

·Family Relationships

noOur ~~violations~~President ~~of mandatory health or safety standards that could significantly~~ and ~~substantially~~our ~~contribute~~Chief toFinancial ~~the~~Officer ~~cause~~ and ~~effect~~Secretary ofTreasurer aare ~~coal~~one orperson, ~~other~~Tim ~~mine~~Ferguson. ~~safety~~Mr. orFerguson ~~health~~and ~~hazard~~Mr. ~~under~~Lainez-Morales ~~Section~~are ~~104~~not ~~of the Federal Mine~~related.

·Term of Office

~~Safety~~Members ~~and~~of ~~Health~~our ~~Act~~Board of ~~1977~~Directors ~~(Mine~~are ~~Safety~~appointed ~~Act)~~to ~~for~~hold ~~which~~office until the ~~operator~~next ~~received~~annual ameeting ~~citation~~of ~~from~~our stockholders or until his successor is elected and qualified, or until they resign or are removed in accordance with the ~~Mine~~provisions ~~Safety~~of the Nevada Revised Statutes. Our officers are appointed by our Board of Directors and ~~Health~~hold ~~Administration~~office ~~(MSHA);~~until removed by the Board.

·12

noInvolvement ~~orders~~in ~~issued~~Certain ~~under~~Legal ~~Section 104(b) of the Mine Safety Act;~~Proceedings

·To the knowledge of our Company, during the past ten years, none of our directors or executive officers:

~~no citations and orders for unwarrantable failure of the mine operator to comply with mandatory health or safety standards under Section 104~~(di) ~~of the Mine Safety Act;~~

·engaged in any type of business practice; or

~~no flagrant violations under Section 110~~(bii)~~(2) of the Mine Safety Act;~~

·engaged in any activities in connection with the purchase or sale of any security or commodity or in connection with any violation of federal or state securities laws or federal commodities laws,

noWhich ~~imminent~~was ~~danger~~found ~~orders~~by ~~issued~~a ~~under~~court ~~Section~~of ~~107(~~competent jurisdiction in a) ofcivil action or by the ~~Mine~~SEC ~~Safety~~to ~~Act~~have violated any federal or state securities law, and the judgment in such civil action or finding by the SEC has not been subsequently reversed, suspended, or vacated; or found by a court of competent jurisdiction in a civil action or by the Commodity Futures Trading Commission to have violated any federal commodities law, and the judgement in such civil action or finding by the Commodity Futures Trading Commission has not been subsequently reversed, suspended or vacated.

·Board of Directors Audit Committee

noBelow ~~proposed~~is ~~assessments~~a ~~(regardless~~description of ~~whether~~the Audit Committee of the ~~assessment~~Board of Directors. The Charter of the Audit Committee of the Board of Directors sets forth the responsibilities of the Audit Committee. The primary function of the Audit Committee is ~~being~~to ~~challenged~~oversee orand ~~appealed)~~monitor ~~from~~the Company’s accounting and reporting processes and the ~~MSHA~~audits ~~under~~of the ~~Mine~~Company’s ~~Safety~~financial ~~Act~~statements.

15Our audit committee is comprised of Tim Ferguson, our President and Chairman of the Audit Committee, who is not independent. Tim Ferguson cannot be considered an “audit committee financial expert” as defined in Item 407 of Regulation S-K. The Company does not presently have, among its officers and directors, a person meeting these qualifications and given our financial conditions, does not anticipate in seeking an audit committee financial expert in the near future. However Tim Ferguson, Chairman of the Audit Committee, is considering engaged the services of an independent Chartered Accountant as a consultant to provide advice to the Audit Committee as and when the Committee meets to review the Company’s financial statements.

~~PART~~Apart IIfrom the Audit Committee, the Company has no other Board committees.

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

~~MARKET~~None ~~INFORMATION~~of our officers and directors is a director or officer of any other company involved in the mining industry. However there can be no assurance such involvement will not occur in the future. Such present and potential future, involvement could create a conflict of interest.

~~Our~~To ~~shares~~ensure ofthat ~~common~~potential ~~stock~~conflicts of interest are ~~quoted~~avoided onor declared to our Company and its shareholders and to comply with the ~~OTC~~requirements ~~under~~of the ~~symbol~~Sarbanes ~~“MONK”~~Oxley Act of 2002, the Board of Directors adopted, on July 23, 2010, a Code of Business Conduct and Ethics. I-Wellness’s Code of Business Conduct and Ethics embodies our commitment to such ethical principles and sets forth the responsibilities of I-Wellness and its officers and directors to its shareholders, employees, customers, lenders and other stakeholders. Our Code of Business Conduct and Ethics addresses general business ethical principles and other relevant issues.

~~HOLDERS OF OUR COMMON STOCK~~13

AsSECTION of16(a) ~~February~~BENEFICIAL ~~12,~~OWNERSHIP ~~2014,~~REPORTING ~~there were 31 registered holders of record of our common stock.~~COMPLIANCE

~~DIVIDENDS~~Section 16(a) of the Exchange Act requires our executive officers and directors, and persons who own more than 10% of a registered class of our securities (“Reporting Persons”), to file reports of ownership and changes in ownership with the SEC. Reporting Persons are required by SEC regulations to furnish us with copies of all forms they file pursuant to Section 16(a). Based solely on our review of the copies of such forms received by us, we believe that, during the last fiscal year, the following persons have failed to file, on a timely basis, the identified reports required by Section 16(a) of the Exchange Act:

There are no restrictions in our Articles of Incorporation or Bylaws that would prevent us from declaring dividends. The Nevada Revised Statutes, however, do prohibit us from declaring dividends where, after giving effect to the distribution of the dividend:



Name and Principal Position	Number of Late Insider Reports	Transactions Not Timely Reported	Known Failures to File a Required Form
Tim Ferguson CEO, President, CFO, Secretary & Treasurer	None	None	1
Danny Close Control Person	None	None	1
Ambrocio Lainez-Morales Director	None	None	None

1ITEM 10.

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

2.Summary Compensation Table

~~Our~~We ~~total~~did ~~assets~~not ~~would~~pay bemonetary ~~less~~compensation ~~than~~to ~~the sum of~~ our ~~total~~directors ~~liabilities~~in ~~plus~~2016 ~~the~~however ~~amount~~Danny ~~that~~Close ~~would~~is ~~be needed to satisfy~~ the ~~rights~~manager of ~~stockholders~~our ~~who~~restaurant ~~have~~operation ~~preferential~~for ~~rights~~which ~~superior~~he tohas ~~those~~been ~~receiving~~paid ~~the~~CAD ~~distribution~~$3,000 per month.

WeOutstanding ~~have~~Equity ~~not declared any dividends and we do not plan to declare any dividends in the foreseeable future.~~Awards

~~RECENT~~We ~~SALES~~have OFnever ~~UNREGISTERED~~granted ~~SECURITIES~~any stock options or stock appreciation rights to our executive officers or directors.

~~None.~~Compensation of Directors and Officers

~~ITEM~~We 7have no standard arrangement to compensate directors for their services in their capacity as directors. ~~MANAGEMENT'S~~There ~~DISCUSSION~~is ~~AND~~no ~~ANALYSIS~~compensation OFarrangement, ~~FINANCIAL~~either ~~CONDITIONS~~written ~~AND~~or ~~RESULTS~~unwritten, OFto ~~OPERATIONS~~compensate our officers and directors. Directors are not paid for meetings attended. All travel and lodging expenses associated with corporate matters are reimbursed by us, if and when incurred.

~~MANAGEMENT’S~~ITEM ~~DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS~~11.

~~You~~SECURITY ~~should~~OWNERSHIP ~~read~~OF ~~the~~CERTAIN ~~following~~BENEFICIAL ~~discussion~~OWNERS ofAND ~~our~~MANAGEMENT ~~financial~~AND ~~condition~~RELATED ~~and~~STOCKHOLDER results of operations in conjunction with the financial statements and the notes thereto included elsewhere in the Form 10-K. The following discussion contains forward-looking statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed in the forward-looking statements. Factors that could cause or contribute to these differences include those discussed below and elsewhere in this Form 10-K, particularly in the sections titled “Risk Factors” and “Forward-Looking Statements.”MATTERS

WeThe ~~are~~following atable ~~start-up,~~sets ~~exploration~~forth ~~mining~~certain ~~stage~~information ~~company.~~concerning Wethe ~~have~~number aof ~~limited~~shares ~~operating~~of ~~history~~our ~~and~~common ~~have~~stock ~~not~~owned ~~yet~~beneficially ~~generated~~as orof ~~realized~~June ~~any~~30, ~~revenues~~2016 ~~from~~by: ~~our~~(i) ~~activities.~~each Weperson ~~have~~(including ~~commenced~~any ~~mining~~group) ~~through~~known ~~our~~to ~~investment~~us into ~~New~~own ~~World~~more ~~Metals~~than ~~SAPI.~~five Wepercent ~~have~~(5%) ~~yet~~of toany ~~undertake~~class ~~any~~of ~~exploration~~our ~~activity~~voting onsecurities of our ~~Philippine~~shares ~~property~~of common stock, La(ii) ~~Carlota.~~our Asexecutive officers and directors, and (iii) our ~~property~~named isexecutive officers as defined in ~~the~~Item ~~early~~402(m) ~~stage~~(2) of ~~exploration~~Regulation ~~and~~S-K. ~~there~~Unless isotherwise noindicated, ~~reasonable~~the ~~likelihood~~stockholder ~~that~~listed ~~revenue~~possess ~~can~~sole bevoting ~~derived~~and ~~from~~investment ~~the~~power ~~property~~with inrespect to the ~~foreseeable~~shares ~~future~~shown.

Our auditors have issued a going concern opinion. This means that our auditors believe there is substantial doubt that we can continue as an on-going business for the next twelve months unless we obtain additional capital to pay for our operations. This is because we have not generated any revenues and no revenues are anticipated until we begin removing and selling minerals, if ever. Accordingly, we must raise cash from sources other than the sale of minerals found on La Carlota or from the sale of our investment in New World. That cash must be raised from other sources. Our only other source for cash at this time is investment by others in the Company. We must raise cash to implement our planned exploration program and stay in business.



Title of Class	Name and Address of Beneficial Ownership	Amount and Nature of Beneficial Ownership	Percentage of Common Stock¹

Common Stock	Tim Ferguson	18,166,167 (Direct)	27.1%
Common Stock	Danny Close	12,000,000 (Direct)	17.9%
Common Stock	All Directors and Officers as a Group (1 people)	18,166,167 (Direct)	27.1%

16Note 1 - The percentage of class beneficially owned is based on 66,937,845 shares of common stock outstanding as of June 30, 2016.

Since most of business activity is related to our Investment in New World Metals SAPI and its three small active mines, our focus has been primarily to raise additional funds for further development of the Mexican properties. As of October 31, 2014, we had working capital of $3,313 (2013, -$762,825).14

~~Despite~~A ~~the~~beneficial ~~commitment~~owners of ~~our~~a ~~officer~~security ~~and~~includes ~~director~~any toperson ~~advance~~who, usdirectly ~~funds~~or ~~over~~indirectly, through any contract, arrangement, understanding, relationship, or otherwise has or shares: (i) voting power, which includes the ~~next~~power ~~twelve~~to ~~months~~vote, ~~unless~~or weto ~~raise~~direct ~~additional~~the ~~funds~~voting of shares; and (ii) investment power, wewhich ~~will~~includes bethe ~~faced~~power ~~with~~to adispose ~~working~~or ~~capital~~direct ~~deficiency~~the bydisposition noof ~~later~~shares. Certain shares may be deemed to be beneficially owned by more than one person (if, for example, persons share the ~~end~~power ofto vote or the ~~next~~power ~~twelve~~to ~~months~~dispose of the shares). In ~~order~~addition, shares are deemed to ~~maintain~~be ~~our~~beneficially ~~45%~~owned ~~interest~~by ina ~~New~~person ~~World~~if ~~Minerals~~the ~~SAPI~~person has the right to acquire the shares (for example, weupon ~~must~~exercise ~~raise~~of an ~~additional~~option) ~~$750,000~~within by60 days of the ~~summer~~date as of ~~2014~~which the information is provided. ~~Our~~In ~~future~~computing ~~financial~~the ~~success~~percentage ~~will~~ownership beof ~~dependent~~any onperson, the ~~success~~amount of shares outstanding is deemed to include the ~~mines~~amount of shares beneficially owned by such person (and only such person) by reason of these acquisition rights. As a result, the percentage of outstanding shares of any person as shown in ~~Mexico~~this table does not necessarily reflect the person’s actual ownership or voting power with respect to the number of shares of common stock actually outstanding.

~~Our~~Dividend ~~Company has no current plans, proposals or arrangement, written or otherwise, to seek a business combination with another entity.~~Policy

~~Liquidity~~We have never declared or paid any cash dividends on our capital stock. We currently intend to retain all available funds and ~~Capital~~any ~~Resources~~future earnings to support our operations and finance the growth and development of our business. We do not intend to pay cash dividends on our common stock for the foreseeable future. Any future determination related to dividend policy will be made at the discretion of our Board of Directors

~~Our~~Equity ~~capital~~Compensation ~~commitments for the next twelve months consist of expenses of general and administration and of raising additional funds for New World. :~~Plans

Estimated expenses		Amount	Purpose
Accounting	$	10,000	Preparation of various quarterly and year-end financial statements
Independent accountants		10,000	Review of various quarterly financial statements and examination of the year-end financial statements
Filing fees		350	To maintain Company in good standing in the State of Nevada
Office and miscellaneous		1,000	Office supplies, delivery and photocopy charges
Transfer agent’s fees		1,000	Annual fee and miscellaneous expenses
Estimated expenses	$	22,350

There are no securities authorized for issuance under equity compensation plans or individual compensation arrangements.

WePenny ~~recognize~~Stock that additional capital will be required during the next twelve months. Should we be unable to raise additional capital from other sources such as bank financing with guarantees from our directors or a private placement of our common shares from Treasury, our directors and officers are committed to advance Monarchy whatever funds are required to enable the Company to meet its cash needs over the coming year in addition to the amount indicated in the following sentence. Our previous directors advanced the funds to complete Phase I of our exploration program in the amount of approximately $14,000 and an additional $20,000 for working capital purposes. No written agreement has been entered into between the directors and the Company regarding the above noted amount of $40,326 and any future advances. This advance of $40,326 is on a demand basis and bears no interest similar to any future advances. The loan is not convertible into shares of our Company. These funds were advanced to the Company prior to October 31, 2014.Rule

IfI-Wellness weMarketing ~~fail~~Group’s tocommon ~~continue~~stock tois ~~finance~~considered ~~our operation in New World we may attempt~~ to ~~interest~~be ~~other~~a ~~companies~~“penny tostock” ~~undertake~~because ~~additional~~it ~~work~~meets inone ~~the Mexican mines and/~~or ~~work~~more ~~on La Carlota through joint venture arrangement or even the sale~~ of ~~part of La Carlota. Neither of these avenues has been pursued as of~~ the ~~date~~definitions ofin ~~this~~SEC ~~Form~~Rule 103a51-K.1:

~~Limited Operating History; Need for Additional Capital~~(i)

~~There~~It ishas no historical financial information about us upon which to base an evaluation of our performance as an exploration corporation. We are an exploration stage company and have not generated any revenues from our exploration activities. Further, we have generated limited revenues since our formation on June 16, 2010. We cannot guarantee we will be successful in our exploration activities. Our business is subject to risks inherent in the establishment of a ~~new business enterprise, including limited capital resources, possible delays in the exploration of our properties, and possible cost overruns due to~~ price ~~and~~less ~~cost~~than ~~increases~~five indollars ~~services.~~per share;

It must be borne in mind that to become profitable and competitive, we must invest in exploration activities on La Carlota, which could be substantial, before we can produce of any minerals we discover on our claim. There may be no minerals of commercial value on our claim. We will have to either have our directors and officers provide us with working capital or else find other forms of equity financing. We can never be assured that any financing will be available as we require it and, if available, will be on the terms acceptable to us. Without any financing we will not be able to proceed with the future exploration of La Carlota.(ii)

17It is not traded on a recognized national exchange;

~~Overview~~(iii)

~~Our~~It ~~financial~~is ~~statements~~not ~~contained~~quoted ~~herein have been prepared~~ on a ~~going~~FINRA ~~concern~~automated ~~basis,~~quotation ~~which~~system ~~assumes that we will be able to realize our assets and discharge our obligations in the normal course of business. We incurred a net loss~~(NASDAQ), ~~for~~or ~~the~~even ~~period~~if ~~from the inception of our business on June16~~so, ~~2010~~has toa ~~October~~price ~~31, 2014,~~ of ~~$24,578,692.~~less Wethan ~~did~~five ~~not~~dollars ~~earn~~per ~~any~~share; ~~revenues during the aforementioned period.~~or

Our financial statements included in this Form 10-K have been prepared without any adjustments that would be necessary if we become unable to continue as a going concern and are therefore required to realize upon our assets and discharge our liabilities in other than the normal course of operations.(iv)

WeIt ~~are~~is ~~presently~~issued inby ~~the~~a ~~exploration~~company ~~stage~~with ~~and~~net ~~there~~tangible isassets noof ~~assurance~~less ~~that~~than a$2,000,000, ~~commercially~~if ~~viable~~in ~~mineral~~business ~~deposit~~more than three years continuously, aor ~~reserve~~$5,000,000, ~~exits~~if onthe Labusiness ~~Carlota~~is ~~until~~less ~~further~~than ~~exploration~~three ~~work~~years iscontinuously ~~done~~or ~~and~~with aaverage ~~comprehensive~~revenues ~~evaluation~~of ~~concludes~~less ~~economic~~than ~~and~~$6,000,000 ~~legal~~for ~~feasibility~~the past three years.

~~Products~~A broker-dealer will have to undertake certain administrative functions required when dealing win a penny stock transaction. Disclosure forms detailing the level of risk in acquiring I-Wellness Marketing Group’s shares will have to be sent to an interested investor, current bid and ~~Gold~~offer quotations will have to be provided with an indication as to what compensation the broker-dealer and the salesperson will be receiving from this transaction and a monthly statement showing the closing month price of the shares being held by the investor. In addition, the broker-dealer will have to receive from the investor a written agreement consenting to the transaction. This additional administrative work might make the broker-dealer reluctant to participate in the purchase and sale of I-Wellness Marketing Group’s shares.

~~New~~From ~~World~~I-Wellness ~~has~~Marketing ~~mined~~Group’s ~~gold~~point ~~and~~of ~~silver~~view, ~~raw~~being ~~ore~~subject into ~~its~~the ~~three~~Penny ~~small~~Stock ~~Mexican~~Rule ~~Mines.~~could Inmake ~~order~~it extremely difficult for it to ~~mill,~~attract ~~float,~~new ~~smelt~~investors ~~and~~for ~~refine~~future ~~this~~capital ~~ore,~~requirements wesince ~~must~~many ~~invest~~financial institutions are restricted under their by-laws from investing in ~~additional~~shares ~~equipment~~under a certain dollar amount. NoOrdinary ~~third~~investors ~~party~~might ~~calculation~~not be willing to subscribe to shares in the capital stock of I-Wellness Marketing Group due to the ~~gold~~uncertainty inas ~~place~~to atwhether the ~~three~~share ~~Mexican~~price ~~Claims~~will ~~have~~ever ~~been~~be ~~made~~able to be high enough that the Penny Stock Rule is no longer a concern.

We do not have any gold as of yet on La Carlota since we have not done any exploration work to support a calculation as to the ounces of gold which might be on the claim. To our knowledge we do not know, and may never know, if there is gold on the claim unless our future exploration work verifies this fact. At the present time we do not have any products for sale.15

~~Other~~In ~~Minerals~~addition, the stock market in general, and the market prices for thinly traded companies in particular, have experienced extreme volatility that often has been unrelated to the operating performance of such companies. These wide fluctuations may adversely affect the trading price of our shares regardless of our future performance and that of I-Wellness Marketing Group. In the past, following periods of volatility in the market price of a security, securities class action litigation has often been instituted against such company. Such litigation, if instituted, whether successful or not, could result in substantial costs and a diversion of management’s attention and resources, which would have a material adverse effect on our business, results of operations and financial conditions.

AtAny ~~the~~new ~~present~~investor ~~time~~purchasing weshares ~~are~~in ~~not~~our ~~aware~~Company ofmight ~~other~~consider ~~minerals~~whether onthey Lawill ~~Carlota~~be able to sell their shares at a given price since if no ~~exploration~~broker-dealer ~~has~~becomes ~~been~~involved ~~done~~with toI-Wellness ~~date.~~Marketing WeGroup and if we are ~~aware~~unable ofto ~~Gold~~raise ~~and~~future ~~Silver~~investment incapital ~~New~~the ~~World~~price per share may deteriorate to a point that an investor’s ~~three~~entire ~~mines~~investment could be lost.

~~Employees~~Outstanding Stock Opinion, Purchase Warrants and Convertible Securities

~~Other~~I-Wellness ~~than~~Marketing ~~our~~Group has not issued any stock options to either of its two directors and officers wenor dohas ~~not~~it ~~have~~attached ~~any~~share ~~employees~~purchase warrants to the share issued and outstanding. It isThere ~~our~~are ~~intention~~no toconvertible ~~use~~securities as of the ~~service~~date of ~~our~~this ~~geologist,~~Form ~~Angelo~~10-K. ~~Ventura,~~I-Wellness ~~during~~Marketing ~~the~~Group ~~exploration~~has ~~program~~not ~~and~~registered heany ~~will~~shares befor ~~responsible~~sale ~~for~~by ~~hiring~~security ~~additional~~holders ~~personnel~~under tothe ~~assist~~Securities Act other than as disclosed in ~~the~~this ~~exploration~~Form 10-K.

~~Competitive~~Our ~~Factors~~authorized capital consists of 300,000,000 shares of common stock, par value $0.001 per share, of which 66,937,845 shares are presently issued and outstanding as of the date of this Annual Report.

WeThe ~~are~~holders aof ~~small~~our ~~exploration~~common ~~company~~stock ~~with limited personnel and funds. There~~ are ~~many~~entitled ~~other~~to ~~exploration~~receive ~~companies~~dividends ~~who~~as ~~have~~may ~~more~~be ~~personnel~~declared atby ~~their~~our ~~disposal~~Board ~~and~~of ~~funds~~Directors; onare ~~hand~~entitled to ~~undertake~~a ~~substantially~~pro-rated ~~exploration~~share ~~work~~in onall ~~claims~~of ~~they~~our ~~own. In~~assets ~~the~~available ~~market place~~ for ~~workers~~distribution ~~they~~upon ~~will~~winding ~~have~~up ~~advantage~~of ~~over~~the usaffairs ~~because~~our ~~they~~Company; ~~can offer higher salaries~~ and ~~longer~~are ~~periods~~entitled ofto ~~employment.~~one ~~This~~non-cumulative ~~puts~~vote ~~our~~per ~~Company~~share ason aall ~~disadvantage~~matters inon ~~seeking~~which ~~workers~~shareholders ~~for~~may ~~future~~vote ~~exploration~~at ~~work~~all onMeetings of the ~~Carlota~~shareholders.

~~Foreign~~The ~~Currency~~shareholders are not entitled to preference as to dividends or interest; pre-emptive rights to purchase in new issues of shares; preference upon liquidation; or any other special rights or preferences.

~~Our~~There ~~Company~~are ~~will~~no berestrictions conducting exploration activities in the Mexico and the Republic of the Philippines and will pay its expenses in Pesos and in PHP dollars. Any currency fluctuation in an adverse way will increase the cost of our exploration program on Ladividends ~~Carlota~~under ~~and~~any ~~our~~loan ~~investment~~or inother ~~New~~financing ~~World~~arrangements.

~~Regulation~~Non-Cumulative ~~of Mining Activity~~Voting.

~~Mining~~The ~~Laws~~holders of our shares of common stock do not have cumulative voting rights, which means that the holders of more than 50% of such outstanding shares, voting for the election of Directors, can elect all of the Directors to be elected, if they so choose. In such event, the holders of the remaining shares will not be able to elect any of our Directors.

~~Government~~Employment and environmental regulations exist in the Philippines and Mexico and our exploration and mining plans are subject to these various federal, state and local laws. The rules are dynamic and are generally becoming more demanding. Our plans aim to safeguard public and environmental health. We are currently in compliance with all material mining, health, safety, and environmental statutes of the Mexico and the Republic of the Philippines.Agreements

18We have no employment agreements with any of our executive officers.

~~Legislation~~Equity Compensation Plans, Stock Options, Bonus Plans

~~Changes~~No tosuch ~~current~~plans ~~federal,~~or ~~state~~options ~~and~~exist. ~~local~~None ~~laws~~have inbeen ~~the~~approved ~~jurisdiction~~or inare ~~which we operate may require additional costs and financing~~anticipated. ~~These~~ ~~changes~~No ~~are~~Compensation ~~unpredictable~~Committee ~~and~~exists ~~the additional requirements may render certain exploration activities uneconomical and lead to business failure~~either.

~~Our~~Pension ~~Planned Exploration Program~~Benefits

~~Mexico:~~We do not maintain any defined benefit pension plans.

~~One~~Nonqualified ofDeferred the Company’s goals since acquiring an interest in our Mexican mining projects is to build our own processing facility. In 2013 we placed a deposit on a 100 ton per day processing facility. The Company is looking at completing this acquisition and setting it up through 2015 to enable the company to begin processing its own ore.Compensation

~~There~~We isdo ~~currently~~not ~~9,000~~maintain ~~tons~~any ofnonqualified ~~stockpiled~~deferred ~~ore~~compensation ~~at its three Mexican mine locations~~plans. ~~The Company is seeking to increase its production over the course of the coming year so as to have an ample supply for when the Company is in a position to begin processing ore.~~

~~Philippines:~~Change in Control of Our Company

We ~~have~~do ~~yet~~not toknow ~~determine whether we will be conducting exploration activities on La Carlota in 2014 to determine what amounts~~ of ~~minerals~~any ~~exist~~arrangements onwhich ~~the~~might ~~claim~~result ~~and if they can be viable extracted~~ in ~~commercial~~a ~~quantities~~change ~~and subsequently sold. For the time being, our exploration activities are designed to efficiently explore and evaluate our interests~~ in ~~our three Mexican claims~~control.

When we choose to do further exploration on the La Carlota claim our estimated exploration costs will be $27,237. This estimated figure represents the cost to our Company of doing the exploration work on Phase II.16

~~Results~~Registered ~~of Operations~~Agent

~~Expenses~~We are required by Section 78.090 of the Nevada Revised Statutes (the “NRS”) to maintain a registered agent in the State of Nevada. Our registered agent for this purpose is Frederick C Bauman with an address at: 6440 Sky Pointe Drive Suite 140-149 Las Vegas, NV 89131. All legal process and any demand or notice authorized by law to be served upon us may be served upon our registered agent in the State of Nevada in the manner provided in NRS 14.020(2).

		OCTOBER 31, 2014
IMPAIRMENT LOSS ON INVESTMENT	$	17,412,207	This is the market value of the shares to acquire shares in New World Metals and Spud Shack. As there is no valuation document of New World assets, management has written down investment.
LOSS ON EQUITY METHOD INVESTMENT		92,427	This is the share of the Company’s losses incurred in New World since time of acquisition
INTEREST EXPENSE		886,940

Transfer Agent

~~Balance~~We ~~Sheet~~have asengaged the service of ~~October~~Action 31Stock Transfer Corp. located in Salt Lake City, ~~2013~~UT., to act as transfer and registrar.

~~Total~~Debt ~~cash~~Securities asand ofOther ~~October 31, 2014, was $1,077 ($99,970 – 2013).~~Securities

WeThere ~~also~~are ~~have~~no ~~prepaid~~debt ~~expenses~~securities ofoutstanding ~~$8,060~~or other securities.

~~Liabilities~~ANTI-TAKEOVER have grown to over $1,221,670 from $1,043,295. Convertible notes of $505,624 and Advances of $494,959 represent the majority of the liabilities. The Note Payable was converted to 20,000,000 shares of common stock during January 2014.PROVISION

The ~~Company~~Chapter ~~currently~~78 ~~has~~of Nevada Revised Statutes contains a ~~working~~provision ~~capital~~governing ~~surplus~~"acquisition of ~~$3,313~~controlling ~~(2013:~~interest." This law provides generally that any person or entity that acquires 20% or more of the outstanding voting shares of a publicly-~~$762~~held Nevada corporation in the secondary public or private market may be denied voting rights with respect to the acquired shares,~~825)~~ unless a majority of the disinterested shareholders of the corporation elects to restore such voting rights in whole or in part. The control share acquisition act provides that a person or entity acquires "control shares" whenever it acquires shares that, but for the operation of the control share acquisition act, would bring its voting power within any of the following three ranges: 20 to 33 1/3%; 33 1/3 to 50%; or more than 50%.

19A "control share acquisition" is generally defined as the direct or indirect acquisition of either ownership or voting power associated with issued and outstanding control shares. The shareholders or board of directors of a corporation may elect to exempt the stock of the corporation from the provisions of the control share acquisition act through adoption of a provision to that effect in the articles of incorporation or bylaws of the corporation. Our articles of incorporation and bylaws do not exempt our common stock from the control share acquisition act.

~~Trends~~The control share acquisition act is applicable only to shares of "Issuing Corporations" as defined by the Nevada law. An Issuing Corporation is a Nevada corporation, which: has 200 or more shareholders, with at least 100 of such shareholders being both shareholders of record and residents of Nevada; and does business in Nevada directly or through an affiliated corporation.

~~From~~At ~~our~~this ~~date~~time, ofwe ~~inception~~do wenot have ~~been~~100 anshareholders ~~exploration~~of ~~company~~record ~~which~~resident ~~has~~of ~~produced~~Nevada. noTherefore, ~~revenue~~the ~~and~~provisions ~~maybe~~of ~~will~~the ~~not~~control beshare ~~able~~acquisition toact ~~produce~~do ~~revenue. To~~not ~~the~~apply ~~knowledge~~to acquisitions of ~~management~~our weshares ~~are~~and ~~unaware~~will ofnot ~~any~~until ~~trends~~such ortime ~~past~~as ~~and~~these ~~future~~requirements ~~events~~have ~~which~~been ~~will~~met. ~~have~~At asuch ~~material~~time ~~effect~~as ~~upon~~they ~~our~~may ~~Company~~apply, ~~its~~the ~~income~~provisions ~~and~~of ~~business,~~the ~~both~~control share acquisition act may discourage companies or persons interested in ~~the~~acquiring ~~long~~a ~~and~~significant ~~short~~interest ~~term. Please~~in ~~refer~~or tocontrol ~~our~~of ~~assessment~~us, regardless of ~~Risk~~whether ~~Factors~~such asacquisition ~~noted~~may onbe ~~page~~in 6the interest of our shareholders.

~~Critical~~The ~~Accounting~~Nevada ~~Policies~~"Combination with Interested Shareholders Statute" may also have an effect of delaying or making it more difficult to effect a change in control of us. This statute prevents an "interested shareholder" and ~~Estimates~~a resident domestic Nevada corporation from entering into a "combination," unless certain conditions are met. The statute defines "combination" to include any merger or consolidation with an "interested shareholder," or any sale, lease, exchange, mortgage, pledge, transfer or other disposition, in one transaction or a series of transactions with an "interested shareholder" having: an aggregate market value equal to 5 percent or more of the aggregate market value of the assets of the corporation; an aggregate market value equal to 5 percent or more of the aggregate market value of all outstanding shares of the corporation; or representing 10 percent or more of the earning power or net income of the corporation.

InCORPORATE presenting our financial statements in conformity with U.S. generally accepting accounting principles, or GAAP, we are required to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, costs and expenses and related disclosures.GOVERNANCE

~~Some~~Director of the estimates and assumptions we are required to make relate to matters that are inherently uncertain as they pertain to future events. We base these estimates and assumptions on historical experience or on various other factors that we believe to be reasonable and appropriate under the circumstances. On an ongoing basis, we reconsider and evaluate our estimates and assumptions. Actual results may differ significantly from these estimates.Independence

WeTim ~~believe~~Ferguson ~~that~~is ~~the~~not ~~critical~~independent ~~accounting~~within ~~policies listed below involve our more significant judgments, assumptions and estimates and, therefore, could have~~ the ~~greatest~~meaning ~~potential~~of ~~impact~~Section on5605 ~~our financial statements. In addition, we believe that a discussion~~ of ~~these policies is necessary to understand and evaluate the financial statements contained in this Form 10-K~~NASDAQ.

~~Estimates and Assumptions~~17

~~Management~~Board uses estimates and assumptions in preparing financial statements in accordance with general accepted accounting principles. Those estimates and assumptions affect the reported amounts of the assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. Actual results could vary from the estimates that were assumed in preparing these financial statements.Committees

~~Mineral~~The ~~claim~~Audit ~~acquisition and exploration costs~~Committee

~~The~~ We ~~cost~~have ofan ~~acquiring~~Audit ~~mineral~~Committee ~~properties~~whose ormembers ~~claims~~consist of Tim Ferguson who is ~~initially~~not ~~capitalized~~independent. ~~and~~Further, ~~then~~Tim ~~tested~~Ferguson ~~for~~can ~~recoverability~~be ~~whenever~~considered ~~events~~an or“audit ~~changes~~committee financial expert” as defined in ~~circumstances~~Item ~~indicate~~401 ~~that~~of ~~its~~Regulation ~~carrying~~S-K. ~~amount~~It ~~may~~is our intention to seek a financial expert but with limited funds to date we might not be ~~recoverable~~able to in the near future. ~~Mineral~~Apart ~~exploration~~from ~~costs~~the ~~are~~Audit ~~expensed~~Committee, aswe ~~incurred~~have no other Board Committees. Since inception, our Board has conducted its business entirely by consent resolutions.

~~Income~~ITEM ~~Taxes~~12.

~~The~~CERTAIN ~~Company~~RELATIONSHIPS ~~utilizes~~AND ~~the~~RELATED liability method of accounting for income taxes. Under the liability method deferred tax assets and liabilities are determined based on differences between financial reporting and the tax bases of the assets and liabilities and are measured using the enacted tax rates and laws that will be in effectTRANSACTIONS, ~~when~~AND ~~the~~DIRECTORS’ ~~differences are expected to be reversed. An allowance against deferred tax assets is recorded, when it is more likely than not, that such tax benefits will not be realized.~~INDEPENDENCE

~~Recent~~Except ~~Accounting~~as ~~Pronouncements~~described below, none of the following parties have, since our date of incorporation, had any material interest, direct or indirect, in any transaction with us or in any presently proposed transaction that have or will materially affect us, other than as noted in this section:

~~The Company does not expect the adoption of any recent accounting pronouncements to have a materially impact on its financial statements.~~·

~~ITEM~~Any 8.of ~~FINANCIAL~~our ~~STATEMENTS~~directors ~~AND~~or ~~SUPPLEMENTARY DATA.~~officers;

~~The financial statements attached to this Form 10-K for the year ended October 31, 2014 have been prepared under the provisions of Rule 3-11.~~·

~~ITEM~~Any 9.person ~~CHANGES~~proposed INas ~~AND~~a ~~DISAGREEMENTS~~nominee ~~WITH~~for ~~ACCOUNTANTS~~election ONas ~~ACCOUNTING~~a ~~AND FINANCIAL DISCLOSURE.~~director;

~~None.~~·

20Any person who beneficially owns, directly or indirectly, shares carrying more than 5% of the voting rights attached to our outstanding shares of common stock;

~~ITEM 9A. CONTROLS AND PROCEDURES.~~·

~~Disclosure~~Any ~~Controls~~of ~~and~~our ~~Procedures~~promoters; and

Under the supervision and with the participation of our management, we have evaluated the effectiveness of our disclosure controls and procedures as required by Exchange Act Rule 13a-15(b) as of October 31, 2013 (the “Evaluation Date”). Based on that evaluation, the Principal Executive Officer and Principal Accounting Officer have concluded that these disclosure controls and procedures were not effective as of the Evaluation Date as a result of the material weaknesses in internal control over financial reporting discussed below.·

~~Disclosure~~Any ~~controls~~member ~~and~~of ~~procedures are those controls and procedures that are designed to ensure that information required to be disclosed in our reports filed or submitted under~~ the ~~Exchange~~immediate ~~Act~~family ~~are~~(including ~~recorded~~spouse, ~~processed~~parents, ~~summarized~~children, ~~and reported within the time periods specified in the SEC's rules and forms. Disclosure controls and procedures include~~step-parents, ~~without limitation~~step-children, ~~controls~~siblings and ~~procedures designed to ensure that information required to be disclosed~~ in-laws) ~~our~~of ~~reports~~any ~~filed~~of ~~under~~ the ~~Exchange~~foregoing ~~Act is accumulated and communicated to management to allow timely decisions regarding required disclosure~~persons.

~~Notwithstanding~~Directors’ the assessment that our internal control over financial reporting was not effective and that there were material weaknesses as identified below, we believe that our financial statements contained in our Annual Report on Form 10-K for the fiscal year ended October 31, 2013 fairly present our financial condition, results of operations and cash flows in all material respects.Independence

~~Management’s~~Under ~~Report~~NASDAQ onRule ~~Internal~~4200(a) ~~Control~~(15), ~~over~~a ~~Financial~~director ~~Reporting~~is not considered to be independent if he or she is also an executive officer or employee of the corporation. As Tim Ferguson is our executive officers and directors, we have determined that Tim Ferguson is not an independent director as defined under NASDAQ Rule 4200(a) (15). The Company does not have any promoters involved with it.

~~Management~~ITEM ~~of the Company is responsible for establishing and maintaining adequate internal control over financial reporting~~13. The Company's internal control over financial reporting is a process, under the supervision of the management, designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of the Company's financial statements for external purposes in accordance with United States Generally Accepted Accounting Principles (GAAP). Internal control over financial reporting includes those policies and procedures that:

·PRINCIPAL ACCOUNTING FEES AND SERVICES.

~~Pertain~~The toaggregate fees billed for the ~~maintenance~~two most recently completed fiscal years for professional services rendered by the principal accountant for the audit of ~~records~~our ~~that~~annual financial statements and review of the financial statements included in ~~reasonable~~our ~~detail~~Quarterly ~~accurately~~Reports on Form 10-Q and ~~fairly~~services ~~reflect~~that are normally provided by the ~~transactions~~accountant in connection with statutory and ~~dispositions~~regulatory offilings ~~the~~or ~~Company's~~engagements ~~assets;~~for those fiscal periods were as follows:


	Year Ended June 30, 2016	Year Ended June 30, 2015
Audit Fees	$10,000	$15,000
Audit-Related Fees	$Nil	$Nil
Tax Fees	$Nil	$Nil
All Other Fees	$Nil	$Nil
Total	$10,000	$15,000

Provide reasonable assurance that transactions are recorded as necessary to permit preparation of the financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures are being made only in accordance with authorizations of management and the Board of Directors; and18

·ITEM 14.

~~Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition~~EXHIBITS, ~~use,~~FINANCIAL orSTATEMENT ~~disposition of the Company's assets that could have a material effect on the financial statements~~SCHEDULES.

~~Because~~The offollowing ~~its~~exhibits ~~inherent~~are ~~limitations,~~either ~~internal~~provided ~~control~~with ~~over~~this ~~financial~~Annual ~~reporting~~Report ~~may not prevent~~ or ~~detect misstatements. Also, projections of any evaluation of effectiveness to future periods~~ are ~~subject~~incorporated toherein ~~the~~by ~~risk that controls may become inadequate because of changes in conditions or that the degree of compliance with the policies or procedures may deteriorate.~~reference:

The Company's management conducted an assessment of the effectiveness of the Company's internal control over financial reporting as of October 31, 2013, based on criteria established in Internal Control –Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission ("COSO"). As a result of this assessment, management identified a material weakness in internal control over financial reporting.


Exhibit Number	Description of Exhibits
3.1	Articles of Incorporation*
3.2	Bylaws*
31	Sec. 302 Certification of Principal Executive Officer and Principal Financial Officer
32	Sec. 906 Certification of Principal Executive Officer and Principal Financial Officer

A*Previously ~~material~~filed ~~weakness~~as isan aexhibit ~~deficiency,~~to orour aRegistration ~~combination~~Statement ofon ~~deficiencies,~~Form inS-1 ~~internal~~originally ~~control~~filed ~~over~~with ~~financial~~the ~~reporting~~SEC ~~such~~on ~~that~~March ~~there~~15, is2011, aas ~~reasonable~~amended ~~possibility~~July ~~that~~28, a2011, ~~material~~September ~~misstatement~~28, of2011, ~~the~~November ~~Company's~~16, ~~annual~~2011 orand ~~interim~~February ~~financial~~24, ~~statements~~2012 ~~will~~and ~~not~~declared beeffective ~~prevented~~March or12, ~~detected on a timely basis~~2012.

21FINANCIAL STATEMENTS SCHEDULES

The material weakness identified is described below.


F-1	Independent Auditor’s Report;
F-2	Balance Sheets as at June 30, 2016 and June 30, 2015

F-3	Statements of Operations for the years ended June 30, 2016 and June 30,2015

F-4	Statement of Stockholders’ Deficiency from June 30, 2012 through June 30, 2016;

F-5	Statements of Cash Flows for year ended June 30, 2015 and June 30, 2015

F-6	Notes to Financial Statements

1.19

~~Certain~~I-WELLNESS ~~entity~~MARKETING ~~level~~GROUP ~~controls establishing a “tone at the top” were considered material weaknesses~~INC. ~~As of October 31, 2013, the Company did not have a separate audit committee or a policy on fraud. A whistleblower policy is not necessary given the small size of the organization.~~

2(formerly Monarchy Ventures Inc.)

~~Due~~Consolidated toFinancial the significant number and magnitude of out-of-period adjustments identified during the year- end closing process, management has concluded that the controls over the period-end financial reporting process were not operating effectively. A material weakness in the period-end financial reporting process could result in us not being able to meet our regulatory filing deadlines and, if not remediated, has the potential to cause a material misstatement or to miss a filing deadline in the future. Management override of existing controls is possible given the small size of the organization and lack of personnel.Statements

3.Years Ended June 30, 2016 and 2015

~~There~~Report ~~is no system in place to review and monitor internal control over financial reporting. The Company maintains an insufficient complement~~ of ~~personnel~~Independent toRegistered ~~carry~~Public ~~out~~Accounting ~~ongoing monitoring responsibilities and ensure effective internal control over financial reporting.~~Firm

As a result of the material weakness in internal control over financial reporting described above, the Company's management has concluded that, as of October 31, 2013, the Company's internal control over financial reporting was not effective based on the criteria in Internal Control F- ~~Integrated Framework issued by COSO.~~1

~~This~~Consolidated ~~Annual~~Balance Report does not include an attestation report of our independent registered public accounting firm regarding internal control over financial reporting. We were not required to have, nor have we, engaged our independent registered public accounting firm to perform an audit of internal control over financial reporting pursuant to the rules of the Securities and Exchange Commission that permit us to provide only management's report in this Annual Report.Sheets

~~Changes in Internal Controls~~F-2

~~There~~Consolidated ~~were~~Statements noof changes in our internal control over financial reporting during the fiscal year ended October 31, 2013 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.Operations

~~ITEM 9B. OTHER INFORMATION.~~F-3

~~None.~~Consolidated Statements of Stockholders’ Deficit

~~PART III~~F-4

~~ITEM~~Consolidated ~~10.~~Statements ~~DIRECTORS,~~of ~~EXECUTIVE~~Cash ~~OFFICERS AND CORPORATE GOVERNANCE.~~Flows

~~DIRECTORS AND EXECUTIVE OFFICERS~~F-5

~~Each~~Notes ofto ~~our Directors serves until his successor is elected and qualified. Each of our officers is elected by~~ the ~~Board~~Consolidated ofFinancial Directors to a term of one (1) year and serves until his successor is duly elected and qualified, or until he is removed from office. The Board of Directors has no nominating or compensation committees.Statements

22F-6

[f10k063016_10k001.jpg]

~~Our~~REPORT ~~officers~~OF ~~and~~INDEPENDENT ~~directors~~REGISTERED ~~and~~PUBLIC ~~their~~ACCOUNTING ~~respective ages and positions as of October 31, 2013 were as follows:~~FIRM

Name and address	Age	Position(s)
Tim Ferguson (1)
Calle urique número 5, Colonia Fuentes de Bellavista, c.p. 33880
Hidalgo del Parral, Chihuahua, Mexico	51	Chief Executive Officer, President and Director
Ambrocio Lainez-Morales
Calle urique número 5, Colonia Fuentes de Bellavista, c.p. 33880
Hidalgo del Parral, Chihuahua, Mexico	49	Director

To the Stockholders and Board of Directors of I-Wellness Marketing Group Inc. (formerly Monarchy Ventures, Inc.)

We have audited the accompanying consolidated balance sheets of I-Wellness Marketing Group Inc. (1the “Company”) as at June 30, 2016 and 2015 and the related consolidated statements of operations, stockholders’ deficit and cash flows for the years then ended. 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.

~~Member~~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 ~~committee~~to obtain reasonable assurance whether the consolidated 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 consolidated financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall consolidated financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.

~~Tim~~In ~~Ferguson~~our ~~was~~opinion, ~~appointed~~these toconsolidated financial statements present fairly, in all material respects, the ~~Board~~financial position of ~~Directors~~the onCompany ~~September~~as 3at June 30, ~~2014~~2016 and ~~was~~2015 ~~appointed~~and asthe ~~Chief~~results ~~Executive~~of ~~Officer,~~its ~~President,~~operations and ~~Chief~~its ~~Financial~~cash ~~Officer~~flows onfor ~~September~~the ~~18,~~years ~~2014~~then byended ain ~~Resolution~~conformity ofwith accounting principles generally accepted in the ~~Board~~United States of ~~Directors~~America.

~~Ambrocio Lainez-Morales~~The ~~was~~accompanying ~~appointed~~consolidated financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 1 to the ~~Board~~consolidated financial statements, to date the Company has reported losses since inception from operations and requires additional funds to meet its obligations and fund the costs of ~~Directors~~its onoperations. ~~September~~These 3,factors ~~2014~~raise substantial doubt about the Company’s ability to continue as a going concern. Management’s plans in this regard are described in Note 1. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.

A/S/ ~~description~~DALE ofMATHESON ~~the~~CARR-HILTON ~~work~~LABONTE ~~experience of our directors and officers is as follows.~~LLP

~~Mr.~~DALE ~~Timothy~~MATHESON J.CARR-HILTON ~~Ferguson,~~LABONTE aged 51, has been the Owner and President of North By Northwest Ventures Inc., a private Canadian company that is an industry leader in commercial and residential landscape construction working throughout the Greater Vancouver Region and British Columbia for over 19 years. Mr. Ferguson has 25 years of experience in landscaping, land reclamation and environmental mitigation projects. Over this period, Mr. Ferguson has worked with major mining companies, governmental and private developers, and been closely involved in the design, estimating and operational aspects of these projects. Mr. Ferguson attended the British Columbia Institute of Technology where he became certified as a BioScience Technician. He is also a certified horticultural technician in Canada.LLP

~~Mr. Ambrocio Lainez-Morales,~~CHARTERED ~~aged 49, is~~PROFESSIONAL a certified Journeyman Horticultural Landscaper. For the past 18 years, he has worked full-time for North By Northwest Ventures Inc. with Mr. Ferguson. Mr. Lainez-Morales has served in almost every capacity in the company, beginning as a labourer, through to a site superintendent. Currently, Mr. Lainez-Morales’ primary role in this company is Construction Superintendent, where he is responsible for ensuring projects are completed professionally and accurately. Mr. Lainez-Morales also speaks fluent Spanish.ACCOUNTANTS

~~Family~~Vancouver, ~~Relationships~~Canada

~~Our~~February ~~President and our Chief Financial Officer and Secretary Treasurer are one person~~14, ~~Tim Ferguson. Mr. Ferguson and Mr. Lainez-Morales are not related.~~2017

[f10k063016_10k002.jpg]

~~Term of Office~~F-1

~~Members~~I-WELLNESS ofMARKETING ~~our~~GROUP Board of Directors are appointed to hold office until the next annual meeting of our stockholders or until his successor is elected and qualified, or until they resign or are removed in accordance with the provisions of the Nevada Revised StatutesINC. ~~Our officers are appointed by our Board of Directors and hold office until removed by the Board.~~

23(formerly Monarchy Ventures Inc.)

~~Involvement~~CONSOLIDATED inBALANCE ~~Certain Legal Proceedings~~SHEETS

To the knowledge of our Company, during the past ten years, none of our directors or executive officers:


		June 30, 2016		June 30, 2015

ASSETS
Current Assets
Cash	$	19,218	$	20,043
Inventory (Note 3)		6,487		5,033
Total current assets		25,705		25,076

Non-Current Assets
Deposits		5,638		3,315
Property and equipment, net (Note 5)		146,358		176,184

TOTAL ASSETS	$	177,701	$	204,575

LIABILITIES AND STOCKHOLDERS’ DEFICIENCY
Current Liabilities
Bank indebtedness	$	13,621	$	16,629
Accounts payable		175,901		160,745
Accrued liabilities		2,325		1,985
Convertible notes payable (Note 10)		407,678		388,892
Current portion of deferred lease incentive (Note 6)		1,448		1,510
Due to related parties (Note 4)		474,981		493,283
Total Current Liabilities		1,075,954		1,063,044
Long Term Liabilities
Deferred lease incentive (Note 6)		7,241		9,062
TOTAL LIABILITIES		1,083,195		1,072,106

STOCKHOLDERS’ DEFICIENCY
Common Stock
300,000,000 shares authorized, at $0.001 par value:
66,937,845 shares issued and outstanding as at June 30, 2016 (56,937,845 shares issued and outstanding as at June 30, 2015)		66,937		56,937
Additional Paid-In Capital		95,805		67,018
Accumulated Other Comprehensive Income		67,286		54,982
Accumulated Deficit		(1,135,522)		(1,046,468)

Total Stockholders’ Deficiency		(905,494)		(867,531)

TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIENCY	$	177,701	$	204,575

~~(i)~~The accompanying notes are an integral part of these consolidated financial statements.

~~engaging in any type of business practice; or~~F-2

~~(ii)~~I-WELLNESS MARKETING GROUP INC.

~~engaging~~(formerly inMonarchy ~~any~~Ventures ~~activities in connection with the purchase or sale of any security or commodity or in connection with any violation of federal or state securities laws or federal commodities laws;~~Inc.)

~~Which~~CONSOLIDATED ~~was~~STATEMENTS ~~found~~OF by a court of competent jurisdiction in a civil action or by the SEC to have violated any federal or state securities law, and the judgment in such civil action or finding by the SEC has not been subsequently reversed, suspended, or vacated;OPERATIONS

or found by a court of competent jurisdiction in a civil action or by the Commodity Futures Trading Commission to have violated any federal commodities law, and the judgement in such civil action or finding by the Commodity Futures Trading Commission has not been subsequently reversed, suspended or vacated.


		For the year ended
		June 30, 2016		June 30, 2015

REVENUE	$	410,701	$	378,899
COST OF GOODS SOLD		(276,013)		(263,729)
GROSS MARGIN		134,688		115,170

EXPENSES
Depreciation		22,071		29,487
General and administrative		37,518		63,486
Interest expense		55,499		46,594
Management wages (Note 4)		29,440		33,357
Professional fees		38,042		34,296
Rent		41,172		45,750
TOTAL OPERATING EXPENSES		223,742		252,970
NET LOSS FROM OPERATIONS		(89,054)		(137,800)
OTHER COMPREHENSIVE INCOME
Foreign currency translation		12,304		46,968

COMPREHENSIVE LOSS	$	(76,750)	$	(90,832)

NET LOSS PER COMMON SHARE	$	(0.00)	$	(0.00)
Basic and diluted
WEIGHTED AVERAGE OUTSTANDING SHARES		64,834,020		51,518,422
Basic and diluted

~~Board~~The accompanying notes are an integral part of ~~Directors~~these ~~Audit~~consolidated ~~Committee~~financial statements.

Below is a description of the Audit Committee of the Board of Directors. The Charter of the Audit Committee of the Board of Directors sets forth the responsibilities of the Audit Committee. The primary function of the Audit Committee is to oversee and monitor the Company’s accounting and reporting processes and the audits of the Company’s financial statements.F-3

Our audit committee is comprised of Tim Ferguson, our President and Chairman of the Audit Committee, who is not independent. Tim Ferguson can be considered an “audit committee financial expert” as defined in Item 407 of Regulation SI-K.WELLNESS ~~The~~MARKETING ~~Company~~GROUP does not presently have, among its officers and directors, a person meeting these qualifications and given our financial conditions, does not anticipate in seeking an audit committee financial expert in the near futureINC. However Tim Ferguson, Chairman of the Audit Committee, is considering engaged the services of an independent Chartered Accountant as a consultant to provide advice to the Audit Committee as and when the Committee meets to review the Company’s financial statements.

~~Apart~~(formerly ~~from~~Monarchy ~~the~~Ventures ~~Audit Committee, the Company has no other Board committees~~Inc.)

~~Conflicts~~CONSOLIDATED ofSTATEMENT ~~Interest~~OF STOCKHOLDERS' DEFICIT

None of our officers and directors is a director or officer of any other company involved in the mining industry. However there can be no assurance such involvement will not occur in the future. Such present and potential future, involvement could create a conflict of interest.


	Common Stock
	Number		Par value		Additional paid in capital		Accumulated other comprehensive income		Accumulated deficit		Total
Balance, June 30, 2014	250	$	238	$	-	$	8,014	$	(297,853)	$	(289,601)
Shares issued to former shareholders of Spud Shack (Note 1)	30,000,000		30,000		-		-		26,970,000		27,000,000
Recapitalization adjustment	436,937		199		-		-		(27,580,815)		(27,580,616)
Fractional rounding due to share consolidation	658		-		-		-		-		-
Issuance of common shares on conversion of debt (Note 9)	26,500,000		26,500		43,000		-		-		69,500
Beneficial conversion features from debt (Note 10)	-		-		24,018		-		-		24,018
Foreign currency translation	-		-		-		46,968		-		46,968
Net loss for the year	-		-		-		-		(137,800)		(137,800)
Balance as of June 30, 2015	56,937,845		56,937		67,018		54,982		(1,046,468)		(867,531)
Issuance of common shares on conversion of debt (Note 9)	10,000,000		10,000		-		-		-		10,000
Beneficial conversion features from debt (Note 10)	-		-		28,787		-		-		28,787
Foreign currency translation	-		-		-		12,304		-		12,304
Net loss for the year	-		-		-		-		(89,054)		(89,054)
Balance as of June 30, 2016	66,937,845	$	66,937	$	95,805	$	67,286	$	(1,135,522)	$	(905,494)

ToThe ~~ensure~~accompanying ~~that~~notes ~~potential conflicts of interest~~ are ~~avoided~~an orintegral ~~declared~~part ~~to our Company and its shareholders and to comply with the requirements~~ of ~~the~~these ~~Sarbanes~~consolidated ~~Oxley~~financial ~~Act of 2002, the Board of Directors adopted, on July 23, 2010, a Code of Business Conduct and Ethics~~statements. Monarchy’s Code of Business Conduct and Ethics embodies our commitment to such ethical principles and sets forth the responsibilities of Monarchy and its officers and directors to its shareholders, employees, customers, lenders and other stakeholders. Our Code of Business Conduct and Ethics addresses general business ethical principles and other relevant issues.

24F-4

~~SECTION~~I-WELLNESS ~~16(a)~~MARKETING ~~BENEFICIAL~~GROUP ~~OWNERSHIP REPORTING COMPLIANCE~~INC.

~~Section 16~~(a)formerly ofMonarchy ~~the~~Ventures Exchange Act requires our executive officers and directors, and persons who own more than 10% of a registered class of our securities (“Reporting Persons”), to file reports of ownership and changes in ownership with the SECInc. ~~Reporting Persons are required by SEC regulations to furnish us with copies of all forms they file pursuant to Section 16(a~~). Based solely on our review of the copies of such forms received by us, we believe that, during the last fiscal year, the following persons have failed to file, on a timely basis, the identified reports required by Section 16(a) of the Exchange Act:

~~Name~~CONSOLIDATED ~~and~~STATEMENTS ~~Principal~~OF ~~Position~~CASH Number of Late Insider Reports Transactions Not Timely Reported Known Failures to File a Required Form Tim Ferguson CEO, President, CFO and Sec-Treas None None None Danny Close Majority Shareholder None None None Ambrocio Lainez-Morales CEO and President None None NoneFLOWS

ITEM 11. EXECUTIVE COMPENSATION.


		12 months ended
		June 30, 2016		June 30, 2015

CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$	(89,054)	$	(137,800)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation		22,167		29,487
Non-cash interest expense		28,786		24,018
Amortization of deferred lease incentive		(1,422)		(2,345)
Changes in operating assets and liabilities:
Inventory		(1,630)		1,381
Deposits		(2,415)		2,791
Accounts payable and accrued expenses		17,063		4,526
Net cash used in operating activities		(26,505)		(77,942)

CASH FLOWS FROM INVESTING ACTIVITIES
Property and equipment		-		(4,144)
Net cash used in investing activities		-		(4,144)

CASH FLOWS FROM FINANCING ACTIVITIES
Bank indebtedness		(2,282)		(2,136)
Advances from convertible debt		28,787		24,018
Advances from related parties		-		43,955
Net cash provided by financing activities		26,505		65,837

Effect of foreign exchange on cash		(825)		12,874

Net decrease in cash		(825)		(3,375)

CASH , BEGINNING OF YEAR		20,043		23,418
CASH, END OF YEAR	$	19,218	$	20,043

SUPPLEMENTAL DISCLOSURES
Interest paid	$	-	$	-
Income taxes paid		-		-

NON-CASH INVESTING AND FINANCING ACTIVITIES
Shares issued for conversion of debt	$	10,000		69,500

~~Summary~~The ~~Compensation~~accompanying ~~Table~~notes are an integral part of these consolidated financial statements.

~~We did not pay monetary compensation to our directors in 2014.~~F-5

~~Outstanding~~1. ~~Equity Awards~~ORGANIZATION

~~Since~~The ~~incorporation~~Company, onI-Wellness ~~June~~Marketing ~~16,~~Group ~~2010~~Inc. (formerly Monarchy Ventures Inc.) (the “Company”), wewas ~~have~~incorporated ~~not~~under ~~granted~~the ~~any~~laws ~~stock~~of ~~options~~the orState ~~stock~~of ~~appreciation~~Nevada ~~rights~~on toJune ~~our~~16, ~~executive~~2010 ~~officers~~with orauthorized ~~directors~~capital stock of 300,000,000 shares at $0.001 par value.

~~Compensation~~On October 20, 2014, the Company completed the acquisition of ~~Directors~~The Spud Shack Fry Company Ltd. (“Spud Shack”), a British Columbia company, by the issuance of 30,000,000 common shares. As a result, the former shareholders of Spud Shack will control approximately 99% of the issued and ~~Officers~~outstanding common shares of the Company. The acquisition is a reverse takeover ("RTO") and therefore has been accounted for using the acquisition method with Spud Shack as the accounting acquirer (legal subsidiary) and continuing entity for accounting and financial reporting purposes, and the Company as the legal parent (accounting subsidiary) (Note 9).

WeOn ~~have~~August no20, ~~standard~~2014, ~~arrangement~~the toCompany ~~compensate~~completed ~~directors~~a ~~for~~100:1 ~~their~~stock ~~services~~split, inand ~~their~~on ~~capacity~~November ~~as directors. There is no compensation arrangement~~24, ~~either written or unwritten~~2014, tothe ~~compensate~~Company ~~our~~completed ~~officers~~a ~~and~~3:1 ~~directors. Directors~~reverse ~~are~~stock ~~not paid for meetings attended~~split. All ~~travel~~shares and ~~lodging~~per ~~expenses~~share ~~associated~~amounts ~~with~~issued ~~corporate~~have ~~matters~~been ~~are~~restated ~~reimbursed~~to byreflect ~~us,~~the ifabove ~~and when incurred~~changes.

25On January 20, 2016, the Company completed a merger with I-Wellness Marketing Group, Inc., a wholly owned subsidiary incorporated in the State of Nevada. This resulted in a corporate name change of the Company to I-Wellness Marketing Group, Inc. The Company’s new trading symbol is “IWMG”.

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

~~The~~These ~~following~~consolidated ~~table~~financial ~~sets~~statements ~~forth~~are ~~certain~~presented ~~information~~on ~~concerning~~ the ~~number~~basis ofthat ~~shares~~the ofCompany ~~our~~will ~~common~~continue ~~stock owned beneficially~~ as ofa ~~October~~going ~~31,~~concern. ~~2014~~The ~~by:~~going ~~(i)~~concern ~~each~~concept ~~person~~contemplates ~~(including~~the ~~any~~realization ~~group) known to us to own more than five percent (5%)~~ of ~~any~~assets ~~class~~and ofsatisfaction ~~our voting securities~~ of ~~our~~liabilities ~~shares of common stock, (ii) our executive officers and directors, and (iii) our named executive officers as defined~~ in ~~Item 402(m)(2) of Regulation S-K. Unless otherwise indicated,~~ the ~~stockholder~~normal ~~listed~~course ~~possess~~of ~~sole voting and investment power with respect to the shares shown~~business.

Title of Class	Name and Address of Beneficial Ownership	Amount and Nature of Beneficial Ownership	Percentage of Common Stock (i)
Common Stock	Tim Ferguson	18,166,167 (Direct)	27.5%
Common Stock	Danny Close	12,000,000 (Direct)	18.1%
Common Stock	All Directors and Officers as a Group (1 people)	18,166,167 (Direct)	27.5%

As at June 30, 2016, the Company has a working capital deficit of $1,050,249, an accumulated deficit of $1,135,522, is not able to finance day to day activities through operations and had recurring losses since inception. The Company’s continuation as a going concern is dependent upon its ability to attain profitable operations and generate funds there from and/or raise equity capital or borrowings sufficient to meet current and future obligations. These uncertainties cast significant doubt about the Company’s ability to continue as a going concern. The Company requires additional funds to meet its obligations and to fund the costs of its operations.

AWhile ~~beneficial~~the ~~owners~~Company ofis aattempting ~~security~~to ~~includes~~generate ~~any~~sufficient ~~person who~~revenues, ~~directly or indirectly, through any contract, arrangement, understanding, relationship, or otherwise has or shares: (i) voting power, which includes~~ the ~~power~~Company’s tocash ~~vote,~~position ormay tonot ~~direct~~be ~~the~~enough ~~voting of shares; and (ii) investment power, which includes the power~~ to ~~dispose~~support ~~or direct~~ the ~~disposition~~Company’s ofdaily ~~shares~~operations. ~~Certain~~ ~~shares~~Management ~~may~~intends ~~be deemed~~ to beraise ~~beneficially~~additional ~~owned~~funds by ~~more~~way ~~than~~of ~~one~~increasing ~~person (if~~revenue, ~~for~~and ~~example,~~a ~~persons~~public ~~share the power to vote~~ or ~~the~~private ~~power~~offering. toManagement ~~dispose~~believes ofthat the ~~shares). In~~actions ~~addition,~~presently ~~shares~~being ~~are~~taken ~~deemed~~ to befurther ~~beneficially~~implement ~~owned~~its bybusiness aplan ~~person~~and ifgenerate ~~the~~sufficient ~~person~~revenues ~~has~~provide the ~~right~~opportunity tofor ~~acquire~~ the ~~shares~~Company ~~(for~~to ~~example,~~continue ~~upon exercise of an option) within 60 days of the date~~ as ofa ~~which~~going ~~the information is provided~~concern. In ~~computing~~While the ~~percentage~~Company ~~ownership~~believes ofin ~~any person,~~ the ~~amount~~viability of ~~shares~~its ~~outstanding~~strategy ~~is deemed~~ to ~~include~~increase ~~the~~revenues ~~amount~~and ofin ~~shares~~its ~~beneficially~~ability ~~owned~~to byraise ~~such~~additional ~~person~~funds, ~~(and~~there ~~only~~can ~~such~~be ~~person)~~no byassurances ~~reason~~to ofthat ~~these acquisition rights~~effect. As aThe ~~result,~~ability ~~the percentage~~ of ~~outstanding~~the ~~shares~~Company ofto ~~any~~continue ~~person~~ as ~~shown~~a ingoing ~~this~~concern ~~table~~is ~~does~~dependent ~~not~~upon ~~necessarily reflect~~ the ~~person~~Company’s ~~actual~~ability ~~ownership or voting power with respect~~ to ~~the~~further ~~number~~implement ofits ~~shares~~business ofplan ~~common~~and ~~stock~~generate ~~actually~~sufficient ~~outstanding on October 31, 2014~~revenues. ~~As of October 31, 2014, there were 66,140,000 shares of our common stock issued and outstanding.~~

~~Holders~~The ofconsolidated ~~Common~~financial ~~shares~~statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

~~As of the date of this Form 10-K the Company had 31 of shareholders including the officers and directors~~2. ~~The~~ ~~number~~SUMMARY ofOF ~~shares~~SIGNIFICANT ~~held~~ACCOUNTING ~~by the officers and directors are 18,166,167 common shares.~~POLICIES

~~Market~~Basis ~~Information~~of Presentation

~~Monarchy’s~~These ~~stock~~consolidated isfinancial ~~not~~statements ~~presently traded or quoted on any public market~~ and ~~therefore~~related ~~there~~notes isare nopresented established market price for the shares. Subsequent to the Effective Date of Monarchy’s registration statement under the Securities Act of 1933, it is anticipated one or more broker dealers may make a market in ~~its~~accordance ~~securities over-the-counter,~~ with ~~quotations~~US ~~carried~~generally onaccepted ~~the~~accounting principles (“~~OTC~~US ~~Bulletin Board~~GAAP”~~. At the present time~~), there is no established market for the shares of Monarchy. There is no assurance an application to the FINRA will be approved. Although the OTCBB does not have any listing requirements per se, to be eligible for quotation on the OTCBB, issuers must remain current in their filings with the SEC; being as a minimum Forms 10-Q and ~~10-K. Market~~are ~~makers~~presented ~~will not be permitted to begin quotation of a security whose issuer does not meet these filing requirements. Securities already quoted on the OTCBB that become delinquent~~ in ~~their~~United ~~required~~States ~~filings will be moved following a 30 or 60 day grace period if they do not make their filing during that time~~dollars. ~~If our common stock is not quoted on the OTCBB, there will be no market for trading in our common stock.~~

26Principles of Consolidation

~~Monarchy’s~~The ~~symbol~~consolidated ~~for~~financial statements include the ~~OTCBB~~accounts isof ~~MONK~~the Company and its wholly-owned subsidiary, The Spud Shack Fry Company Ltd., a British Columbia incorporated company. All inter-company transactions and account balances have been eliminated upon consolidation.

There are no common shares subject to outstanding options, warrants or securities convertible into common equity of Monarchy. The number of shares presently subject to Rule 144 is 30,294,671 shares. The share certificate has the appropriate legend affixed thereto. Presently, under Rule 144, the number of shares which could be sold, if an application is made, is Nil shares. There are no shares being offered pursuant to an employee benefit plan or dividend reinvestment plan. In addition, there are no outstanding options or warrants to purchase common shares or shares convertible into common shares of Monarchy.F-6

~~Dividend~~Basic ~~Policy~~and Diluted Net Loss Per Share

WeBasic ~~have~~net ~~never~~loss ~~declared~~per orshare ~~paid~~amounts ~~any~~is ~~cash~~computed ~~dividends~~based on ~~our~~the ~~capital~~weighted ~~stock.~~average Wenumber ~~currently~~of ~~intend~~shares toactually ~~retain~~outstanding. ~~all~~Diluted ~~available~~net ~~funds~~loss ~~and~~per ~~any~~share ~~future~~amounts ~~earnings~~are tocomputed ~~support~~using ~~our~~the ~~operations~~weighted ~~and~~average ~~finance~~number ~~the~~of ~~growth~~common and ~~development~~common ofequivalent ~~our~~shares ~~business.~~outstanding Weas doif ~~not~~shares ~~intend~~had tobeen ~~pay~~issued ~~cash~~on ~~dividends~~the onexercise ~~our~~of the common ~~stock~~share ~~for~~rights unless the ~~foreseeable~~exercise ~~future~~becomes anti-dilutive and then the basic and diluted per share amounts are the same. ~~Any~~For ~~future~~all ~~determination~~periods ~~related~~presented, tothe ~~dividend~~Company ~~policy~~reported ~~will~~a loss and therefore the effect of all common share equivalents would be ~~made~~anti-dilutive. As at June 30, 2016, the ~~discretion~~Company ofhas ~~our~~340,178,750 ~~Board~~(2015 of– ~~Directors~~321,392,000) potentially dilutive shares outstanding.

~~Equity~~Estimates ~~Compensation~~and ~~Plans~~Assumptions

~~There~~The ~~are~~preparation noof ~~securities~~financial ~~authorized~~statements ~~for~~in ~~issuance~~conformity with US GAAP requires management to make estimates and assumptions that affect certain of the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the year. The Company regularly evaluates estimates and assumptions. The Company bases its estimates and assumptions on current facts, historical experience and various other factors it believes to be reasonable under ~~equity~~the ~~compensation~~circumstances, ~~plans~~the orresults ~~individual~~of ~~compensation~~which ~~arrangements~~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 the expected lives and impairment considerations of property and equipment, determination of fair values of stock based transactions and valuation of deferred income taxes.

~~Penny~~Significant ~~Stock~~accounting ~~Rule~~judgements

~~Monarchy’s~~The ~~common~~preparation ~~stock~~of isconsolidated ~~considered~~financial statements in accordance with US GAAP requires management to bemake ajudgements, ~~“penny~~apart ~~stock”~~from ~~because~~those itinvolving ~~meets~~estimates, ~~one~~in orapplying ~~more~~accounting policies. The most significant judgment in applying the Company’s consolidated financial statements include the assessment of the ~~definitions~~Company’s inability ~~SEC~~to ~~Rule~~continue ~~3a51-1:~~as a going concern.

~~(i)~~Property and Equipment

ItProperty ~~has~~and aequipment ~~price~~is stated at historical cost less ~~than~~accumulated ~~five~~depreciation ~~dollars~~and ~~per~~accumulated ~~share;~~impairment losses. Subsequent costs are included in the asset's carrying amount or recognized as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Company and the cost of the item can be measured reliably. The carrying amount of the replaced part is derecognized. All other repairs and maintenance are charged to the consolidated statement of operations during the financial period in which they are incurred.

~~(ii)~~Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognized in the consolidated statement of operations.

ItProperty isand ~~not~~equipment ~~traded~~includes onleasehold aimprovements, ~~recognized~~furniture ~~national~~and ~~exchange;~~fixtures, and computer equipment which are recorded at cost. Expenditures for major additions and improvements are capitalized. Maintenance and repairs are charged to operations as incurred. Depreciation of furniture and fixtures and office equipment is computed as follows:

(iii)


Furniture and fixtures	20% declining balance
Computer equipment	55% declining balance
Leasehold improvements	Term of lease

ItImpairment ~~is not quoted on a FINRA automated quotation system (NASDAQ), or even if so, has a price~~ of ~~less~~Long-lived ~~than five dollars per share; or~~Assets

~~(iv)~~The Company reviews and evaluates long-lived assets for impairment when events or changes in circumstances indicate that the related carrying amounts may not be recoverable. The assets are subject to impairment consideration under ASC 360-10-35-17 if events or circumstances indicate that their carrying amounts might not be recoverable. When the Company determines that an impairment analysis should be done, measurement of the impairment, if any, is based upon the difference between the asset’s carrying value and estimated fair value.

It is issued by a company with net tangible assets of less than $2,000,000, if in business more than three years continuously, or $5,000,000, if the business is less than three years continuously or with average revenues of less than $6,000,000 for the past three years.F-7

AForeign ~~broker-dealer~~Currency will have to undertake certain administrative functions required when dealing win a penny stock transaction. Disclosure forms detailing the level of risk in acquiring Monarchy’s shares will have to be sent to an interested investor, current bid and offer quotations will have to be provided with an indication as to what compensation the broker-dealer and the salesperson will be receiving from this transaction and a monthly statement showing the closing month price of the shares being held by the investor. In addition, the broker-dealer will have to receive from the investor a written agreement consenting to the transaction. This additional administrative work might make the broker-dealer reluctant to participate in the purchase and sale of Monarchy’s shares.Translations

~~From~~The ~~Monarchy’s~~books ~~point~~ of ~~view, being subject to~~ the ~~Penny~~Company ~~Stock Rule could make it extremely difficult for it to attract new investors for future capital requirements since many financial institutions~~ are ~~restricted~~maintained ~~under their by-laws from investing~~ in ~~shares~~United ~~under~~States adollars ~~certain~~and ~~dollar~~this ~~amount.~~is ~~Ordinary~~the ~~investors~~Company’s ~~might~~functional ~~not~~and bereporting ~~willing~~currency. toTransactions ~~subscribe~~denominated toin ~~shares~~other inthan the ~~capital~~U.S. ~~stock~~dollar ofare ~~Monarchy~~translated ~~due to the uncertainty~~ as tofollows ~~whether~~with the ~~share~~related ~~price~~transaction ~~will~~gains ~~ever~~and belosses ~~able~~being torecorded bein ~~high enough that~~ the ~~Penny~~consolidated ~~Stock~~statement ~~Rule~~of ~~is no longer a concern.~~operations:

In(i) addition, the stock market in general, and the market prices for thinly traded companies in particular, have experienced extreme volatility that often has been unrelated to the operating performance of such companies. These wide fluctuations may adversely affect the trading price of our shares regardless of our future performance and that of Monarchy. In the past, following periods of volatility in the market price of a security, securities class action litigation has often been instituted against such company. Such litigation, if instituted, whether successful or not, could result in substantial costs and a diversion of management’s attention and resources, which would have a material adverse effect on our business, results of operations and financial conditions.

~~Any~~Monetary ~~new~~items ~~investor~~are ~~purchasing~~recorded ~~shares~~at inthe ~~our~~rate ~~Company~~of ~~might~~exchange ~~consider~~prevailing ~~whether~~as ~~they will be able to sell their shares~~ at ~~a given price since if no broker-dealer becomes involved with Monarchy and Monarchy is unable to raise future investment capital~~ the ~~price~~balance ~~per~~sheet ~~share may deteriorate to a point that an investor’s entire investment could be lost.~~date;

27(ii)

~~Outstanding~~Non-monetary ~~Stock~~items ~~Opinion,~~including ~~Purchase~~equity ~~Warrants~~are ~~and~~recorded ~~Convertible~~at ~~Securities~~the historical rate of exchange; and

~~Monarch~~(iii) has not issued any stock options to either of its two directors and officers nor has it attached share purchase warrants to the share issued and outstanding. There are no convertible securities as of the date of this Form 10-K. Monarchy has not registered any shares for sale by security holders under the Securities Act other than as disclosed in this Form 10-K.

~~Our~~Revenues ~~authorized~~and ~~capital~~expenses ~~consists~~are ofrecorded ~~300,000,000~~at ~~shares~~the ofperiod ~~common~~average ~~stock,~~in ~~par value $0.001 per share, of~~ which ~~51,937,845~~the ~~shares~~transaction ~~are presently issued~~occurred.

The ~~holders~~functional ofcurrency ~~our common stock are entitled to receive dividends as may be declared by our Board~~ of ~~Directors;~~the ~~are~~Company's ~~entitled~~wholly toowned ~~share~~subsidiary ~~ratably~~is inthe ~~all~~Canadian ofdollar ~~our~~(“C$”). ~~assets~~The ~~available~~Company ~~for~~translates ~~distribution~~the ~~upon~~financial ~~winding~~statements up of the ~~affairs~~subsidiary ~~our Company; and are entitled~~ to ~~one~~U.S. ~~non-cumulative~~dollars ~~vote~~using ~~per share on all matters on which shareholders may vote at all Meetings of~~ the ~~shareholders.~~following method:

~~The~~(i) shareholders are not entitled to preference as to dividends or interest; pre-emptive rights to purchase in new issues of shares; preference upon liquidation; or any other special rights or preferences.

~~There~~All assets and liabilities are notranslated ~~restrictions~~into onU.S. ~~dividends~~dollars ~~under~~at ~~any~~the ~~loan~~exchange orrate ~~other~~in ~~financing~~effect ~~arrangements.~~at the period-end;

~~Non-Cumulative~~(ii) ~~Voting.~~

~~The~~Revenue ~~holders~~and ofexpenses ~~our~~are ~~shares~~translated ofthroughout ~~common stock do not have cumulative voting rights, which means that~~ the ~~holders~~period ofat ~~more than 50% of such outstanding shares, voting for~~ the ~~election~~weighted ofaverage ~~Directors,~~rate; ~~can elect all of the Directors to be elected, if they so choose. In such event, the holders of the remaining shares will not be able to elect any of our Directors.~~and

~~Employment~~(iii) ~~Agreements~~

WeExchange ~~have~~gains noor ~~employment~~losses ~~agreements~~from ~~with~~such ~~any~~translations ofare ~~our~~included ~~executive~~in ~~officers~~accumulated comprehensive income (loss), as a separate component of stockholders’ equity.

~~Equity~~Comprehensive ~~Compensation Plans, Stock Options, Bonus Plans~~Loss

NoThe ~~such~~Company ~~plans~~presents orchanges ~~options~~in ~~exist~~accumulated comprehensive income in its statement of stockholders' deficiency. ~~None~~ ~~have~~Total ~~been~~comprehensive ~~approved~~loss orincludes, in addition to net loss, changes in equity that are ~~anticipated. No~~excluded ~~Compensation~~from ~~Committee~~the ~~exists~~statement ~~either~~of operations.

~~Pension~~Revenue ~~Benefits~~Recognition

WeThe doCompany ~~not~~recognizes ~~maintain~~and ~~any~~accounts ~~defined~~for ~~benefit~~revenue ~~pension~~in ~~plans~~accordance with ASC 605 as a principal on the sale of goods. Pursuant to ASC 605, Revenue Recognition, revenue is recognized when persuasive evidence of an arrangement exists, delivery has occurred, the amount is fixed and determinable, risk of ownership has passed to the customer and collection is reasonably assured. The Company considered ASC 605-45, Principal Agent Considerations, and determined that the Company acts as a principal in its revenue-generating activities as they are responsible for the production of goods purchased by the customer, can determine the pricing costs, goods purchased are paid directly by the Company, and has a credit risk with respect to collection of amounts owed by its customers.

~~Nonqualified Deferred Compensation~~Inventories

WeInventories doconsist ~~not~~of ~~maintain~~raw ~~any~~materials ~~nonqualified~~and ~~deferred~~includes ~~compensation~~other ~~plans~~costs that are directly incurred to bring the inventory to its present location and condition. Inventory is stated at the lower of cost and net realizable value, determined on the first-in-first-out basis, or market.

~~Change~~Income ~~in Control of Our Company~~Taxes

WeThe doCompany ~~not~~utilizes ~~know~~the liability method of ~~any~~accounting ~~arrangements~~for ~~which~~income ~~might~~taxes. ~~result~~Under inthe aliability ~~change~~method, deferred tax assets and liabilities are determined based on differences between financial reporting and the tax bases of the assets and liabilities and are measured using the enacted tax rates and laws that will be in ~~control~~effect, when the differences are expected to be reversed. An allowance against deferred tax assets is recorded, when it is more likely than not, that such tax benefits will not be realized.

~~Registered Agent~~F-8

WeRecent ~~are~~Accounting required by Section 78.090 of the Nevada Revised Statutes (the “NRS”) to maintain a registered agent in the State of Nevada. Our registered agent for this purpose is American Corporate Enterprises, 123 W Nye Lane, Suite 129, Carson City, NV 89703. All legal process and any demand or notice authorized by law to be served upon us may be served upon our registered agent in the State of Nevada in the manner provided in NRS 14.020(2).Pronouncements

~~Transfer~~Present ~~Agent~~Accounting Standards Not Yet Adopted

WeASU ~~have~~2014-09 ~~engaged~~is intended to clarify the ~~service~~principles for recognizing revenue by removing inconsistencies and weaknesses in revenue requirements; providing a more robust framework for addressing revenue issues; improving comparability of ~~Pacific~~revenue ~~Stock~~recognition ~~Transfer~~practices across entities, ~~located~~industries, injurisdictions ~~Las~~and ~~Vegas~~capital markets; and providing more useful information to users of financial statements through improved revenue disclosure requirements. The new standard is required to be applied retrospectively to each prior reporting period presented or retrospectively with the cumulative effect of initially applying it recognized at the date of initial application. The provisions of this ASU were effective for annual reporting periods, ~~Nevada~~including interim periods within those annual periods, beginning after December 15, 2016. Early application was not permitted. In August 2015, the FASB issued ASU 2015-14, “Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date”, which defers the effective date to ~~act~~fiscal asperiods ~~transfer~~beginning ~~and~~after ~~registrar~~December 15, 2017. Early adoption is permitted for fiscal periods beginning after December 15, 2016. The standard permits the use of either the retrospective or cumulative effect transition method. The Company is currently evaluating the impact of this standard on its consolidated financial statements.

28In June 2014, the FASB issued ASU No. 2014-12, “Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period.” This ASU requires a reporting entity to treat a performance target that affects vesting and that could be achieved after the requisite service period as a performance condition, and apply existing guidance under the Stock Compensation Topic of the ASC as it relates to awards with performance conditions that affect vesting to account for such awards. The provisions of this ASU are effective for annual reporting periods, including interim periods within those annual periods, beginning after December 15, 2015. The Company is currently evaluating the impact of this standard on its consolidated financial statements.

~~Debt~~In ~~Securities~~August 2014, the FASB issued ASU No. 2014-15, “Presentation of Financial Statements—Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern.” This ASU is intended to define management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern and ~~Other~~to ~~Securities~~provide related footnote disclosures. Specifically, ASU 2014-15 provides a definition of the term substantial doubt and requires an assessment for a period of one year after the date that the financial statements are issued (or available to be issued). It also requires certain disclosures when substantial doubt is alleviated as a result of consideration of management’s plans and requires an express statement and other disclosures when substantial doubt is not alleviated. The new standard will be effective for annual reporting periods, including interim periods within those annual periods, beginning after December 15, 2016, with early adoption permitted. The Company is currently evaluating the impact of this standard on its consolidated financial statements.

~~There~~In April 2015, the FASB issued ASU 2015-03, “Interest—Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs.” This ASU is intended to simplify the presentation of debt issuance costs and conform to the guidance in International Financial Reporting Standards, which requires that transaction costs be deducted from the carrying value of the financial liability and not recorded as separate assets. Additionally, the requirement to recognize debt issuance costs as deferred charges conflicts with the guidance in FASB Concepts Statement No. 6, “Elements of Financial Statements,” which states that debt issuance costs are similar to debt discounts and in effect reduce the proceeds of borrowing, thereby increasing the effective interest rate. FASB Concepts Statement No. 6 further states that debt issuance costs cannot be an asset because they provide no future economic benefit. The amendments in this ASU require that debt ~~securities~~issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected by the amendments in this ASU. For public business entities, the amendments in this ASU are effective for annual reporting periods, including interim periods within those annual periods, beginning after December 15, 2015. In August 2015, the FASB issued ASU No. 2015-15, “Interest—Imputation of Interest (Subtopic 835-30): Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements—Amendments to SEC Paragraphs Pursuant to Staff Announcement at June 18, 2015 EITF Meeting.” This ASU adds SEC paragraphs pursuant to the SEC Staff Announcement at the June 18, 2015, Emerging Issues Task Force meeting about the presentation and subsequent measurement of debt issuance costs associated with line-of-credit arrangements to this topic. Given the absence of authoritative guidance within ASU 2015-03 for debt issuance costs related to line-of-credit arrangements, the SEC staff would not object to an entity deferring and presenting debt issuance costs as an asset and subsequently amortizing the deferred debt issuance costs rateably over the term of the line-of-credit arrangement, regardless of whether there are any outstanding orborrowings ~~other~~on ~~securities~~the line-of-credit arrangement. The Company is currently evaluating the impact of this standard on its consolidated financial statements.

~~Rule 144 Share Restrictions~~F-9

Under Rule 144, an individual who is not an affiliate of our Company and has not been an affiliate at any time during the three months preceding a sale and has been the beneficial owner of our shares for at least six months would be entitled to sell them without restriction3. ~~This~~ ~~is subject to the continued availability of current public information about us for the first year which can be eliminated after a one-year hold.~~INVENTORY

1Inventories consist of raw materials which are used as ingredients to produce meals to be sold. Inventories are stated at the lower of cost and net realizable value, determined using the first-in-first-out basis, or market.

~~Whereas~~4. anTRANSACTIONS ~~individual~~WITH ~~who~~RELATED ~~is deemed to be an affiliate and has beneficially owned shares in our Company for at least six months clan sell their shares in a given three month period as follows:~~PARTIES

As of June 30, 2016, the Company had amounts due to the President, Vice President, and a company controlled by the Vice President, of $474,981 (2015 - $493,283). These amounts are unsecured, non-interest bearing, and due on demand.

~~One~~During ~~percent of~~ the ~~number~~year ofended ~~shares~~June of30, ~~our~~2016, ~~Company's~~$29,440 ~~common~~(2015 ~~stock~~- ~~then outstanding~~$33,357) ~~which~~was ~~the~~incurred ~~case~~as ofremuneration ~~our~~to ~~current~~officers ~~directors~~ and ~~officers,~~directors ~~will equal approximately 50,000 shares as~~ of the ~~date of this Form 10-K; or~~Company.

bDuring the year ended June 30, 2015, the Company issued 166,677 shares in settlement of debt of $125,000 owing to a director.

~~The~~5. ~~average~~PROPERTY ~~weekly~~AND ~~trading volume of our company's common stock during the four calendar weeks preceding the filing of a notice on form 144 with respect to the sale.~~EQUIPMENT


	June 30, 2016			June 30, 2015
	Cost	Accumulated Depreciation	Net Book Value	Cost	Accumulated Depreciation	Net Book Value
Computer equipment	$ 5,418	$ 4,985	$ 433	$ 5,650	$ 4,646	$ 1,004
Furniture and fixtures	91,866	50,768	41,098	95,912	42,206	53,706
Leasehold improvements	152,561	47,734	104,827	159,110	37,636	121,474
	$ 246,845	$ 103,487	$ 146,358	$ 260,672	$ 84,488	$ 176,184

~~Under~~6. ~~Rule~~DEFERRED ~~405~~LEASE of the Securities Act, a reporting or non-reporting shell company cannot sell shares under Rule 144, unless the company: (i) has ceased to be a shell company; (ii) is subject to the Exchange Act reporting obligations; (iii) has filed all required Exchange Act reports during the preceding twelve months; (iv) and at least one year has elapsed from the time the company filed with the SEC, current Form 10 type information reflecting its status as an entity that is not a shell company.INCENTIVE

~~ANTI-TAKEOVER~~In ~~PROVISION~~February 2013, the Company received C$18,840 ($18,759) from the landlord for tenant improvement reimbursements which has been recorded as a lease incentive. It is being amortized on a straight line basis over the lease term of 10 years. Each year’s portion of the lease incentive has been offset against the rent expense.

~~In accordance with the laws of the State of Nevada and the Securities Regulation Act~~7. COMMITMENT

The ~~Chapter~~Company 78is ofcommitted ~~Nevada~~until ~~Revised~~May ~~Statutes~~31, ~~contains~~2022 afor ~~provision~~payments ~~governing~~totaling "acquisition of controlling interest." This law provides generally that any person or entity that acquires 20% or more of the outstanding voting shares of a publicly-held Nevada corporation in the secondary public or private market may be denied voting rights with respect to the acquired sharesC$372,090 ~~unless~~for apremises ~~majority~~under ~~of the disinterested shareholders of the corporation elects to restore such voting rights in whole or in part~~lease. The ~~control~~minimum ~~share~~lease ~~acquisition~~payments ~~act~~are ~~provides~~as that a person or entity acquires "control shares" whenever it acquires shares that, but for the operation of the control share acquisition act, would bring its voting power within any of the following three rangesfollows: ~~20 to 33 1/3%; 33 1/3 to 50%; or more than 50%.~~

A "control share acquisition" is generally defined as the direct or indirect acquisition of either ownership or voting power associated with issued and outstanding control shares. The shareholders or board of directors of a corporation may elect to exempt the stock of the corporation from the provisions of the control share acquisition act through adoption of a provision to that effect in the articles of incorporation or bylaws of the corporation. Our articles of incorporation and bylaws do not exempt our common stock from the control share acquisition act.


2017	C$ 47,100
2018	50,868
2019	50,868
2020	50,868
2021	50,868
	C$ 250,572

The control share acquisition act is applicable only to shares of "Issuing Corporations" as defined by the Nevada law. An Issuing Corporation is a Nevada corporation, which: has 200 or more shareholders, with at least 100 of such shareholders being both shareholders of record and residents of Nevada; and does business in Nevada directly or through an affiliated corporation.F-10

~~At this time, we do not have 100 shareholders of record resident of Nevada~~8. ~~Therefore,~~ ~~the~~INCOME provisions of the control share acquisition act do not apply to acquisitions of our shares and will not until such time as these requirements have been met. At such time as they may apply, the provisions of the control share acquisition act may discourage companies or persons interested in acquiring a significant interest in or control of us, regardless of whether such acquisition may be in the interest of our shareholders.TAXES

29The reported income taxes differ from the amounts obtained by applying statutory rates to the loss before income taxes as follows:

The Nevada "Combination with Interested Shareholders Statute" may also have an effect of delaying or making it more difficult to effect a change in control of us. This statute prevents an "interested shareholder" and a resident domestic Nevada corporation from entering into a "combination," unless certain conditions are met. The statute defines "combination" to include any merger or consolidation with an "interested shareholder," or any sale, lease, exchange, mortgage, pledge, transfer or other disposition, in one transaction or a series of transactions with an "interested shareholder" having: an aggregate market value equal to 5 percent or more of the aggregate market value of the assets of the corporation; an aggregate market value equal to 5 percent or more of the aggregate market value of all outstanding shares of the corporation; or representing 10 percent or more of the earning power or net income of the corporation.


	Year ended
		June 30, 2016		June 30, 2015
Loss before income taxes	$	(89,054)	$	(137,800)
Corporate tax rate		34%		34%
Expected income tax recovery		(30,278)		(46,852)
Increase (decrease) resulting from:
Foreign exchange and others		4,570		10,000
Impact of foreign statutory tax rates		473		5,077
Change in valuation allowance		25,235		31,479
Future income tax recovery	$	-	$	-

~~CORPORATE~~The ~~GOVERNANCE~~tax effects of temporary differences that give rise to the Company's future tax assets are as follows:

Director Independence


		June 30, 2016		June 30, 2015
Property and equipment	$	21,000	$	22,000
Loss carry forwards		159,000		133,000
		180,000		155,000
Valuation allowance		(180,000)		(155,000)
	$	-	$	-

~~Tim~~As ~~Ferguson~~the iscriteria for recognizing future income tax assets have not ~~independent~~been ~~within~~met due to the ~~meaning~~uncertainty of ~~Section~~realization, ~~5605~~a valuation allowance of ~~NASDAQ~~100% has been recorded for the current and prior years.

~~Board~~The ~~Committees~~Company has tax pools which can be applied to reduce future taxable income, expiring as follows:

The Audit Committee


Property and equipment	$ 80,000	No expiry
Non-capital losses - US	$ 310,000	2034 - 2036
Non-capital losses - Canada	$ 205,000	2034 - 2036

~~We have an Audit Committee whose members consist of Tim Ferguson who is not independent~~9. ~~Further,~~ ~~Tim~~COMMON Ferguson can be considered an “audit committee financial expert” as defined in Item 401 of Regulation S-K. It is our intention to seek a financial expert but with limited funds to date we might not be able to in the near future.STOCK

~~Apart~~On ~~from~~October 20, 2014, the ~~Audit~~Company ~~Committee~~issued 30,000,000 weshares ~~have~~to noacquire ~~other~~The ~~Board~~Spud ~~Committees. Since~~Shack ~~inception,~~Fry ~~our~~Company ~~Board~~Ltd., ~~has~~an ~~conducted~~operating ~~its~~British ~~business~~Columbia ~~entirely~~based byrestaurant ~~consent~~(Note ~~resolutions~~1).

~~ITEM~~In ~~13.~~November ~~CERTAIN~~2014, ~~RELATIONSHIPS~~the ~~AND~~Company ~~RELATED~~issued ~~TRANSACTIONS~~21,500,000 ~~AND~~shares ~~DIRECTORS’~~on ~~INDEPENDENCE~~conversion of $64,500 of convertible debt (Note 10).

~~Except~~In asApril ~~described below~~2015, ~~none of~~ the ~~following~~Company ~~parties~~issued ~~have~~5,000,000 ~~since~~shares ~~our~~on ~~date~~conversion of ~~incorporation~~$5,000 ~~had~~of ~~any~~convertible ~~material~~debt ~~interest,~~(Note ~~direct or indirect, in any transaction with us or in any presently proposed transaction that have or will materially affect us, other than as noted in this section:~~10).

·On September 15, 2015, the Company issued 10,000,000 shares on conversion of $10,000 of convertible debt (Note 10).

~~Any~~As ofat ~~our~~June ~~directors~~30, 2016 and 2015, the Company has no stock options or ~~officers;~~share purchase warrants outstanding.

·F-11

~~Any~~10. ~~person~~CONVERTIBLE ~~proposed~~NOTES ~~as a nominee for election as a director;~~PAYABLE

·The Company has outstanding various promissory notes as at June 30, 2016:

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;


Date Issued	Amount		Term	Interest Rate			Conversion Rate
August 1, 2013	$	75,000	Demand		5	%	$	0.01
April 27, 2014		50,000	Demand		5	%	$	0.001
April 27, 2014		30,000	Demand		5	%	$	0.001
May 1, 2014		45,705	Demand		5	%	$	0.001
May 1, 2014		32,570	Demand		5	%	$	0.001
June 1, 2014		35,000	Demand		5	%	$	0.001
July 3, 2014		86,599	Demand		5	%	$	0.001
January 1, 2015		24,018	Demand		5	%	$	0.001
July 31, 2015		28,786	Demand		5	%	$	0.001
	$	407,678

·The Company has outstanding various promissory notes as at June 30, 2015:

Any of our promoters; and


Date Issued	Amount		Term	Interest Rate			Conversion Rate
August 1, 2013	$	75,000	Demand		5	%	$	0.01
April 27, 2014		60,000	Demand		5	%	$	0.001
April 27, 2014		30,000	Demand		5	%	$	0.001
May 1, 2014		45,705	Demand		5	%	$	0.001
May 1, 2014		32,570	Demand		5	%	$	0.001
June 1, 2014		35,000	Demand		5	%	$	0.001
July 3, 2014		86,599	Demand		5	%	$	0.001
January 1, 2015		24,018	Demand		5	%	$	0.001
	$	388,892

·The Company assessed the conversion options of the promissory notes granted during the year ended June 30, 2016 and 2015 and determined they had beneficial conversion features with intrinsic values in excess of the principal balance. Therefore, the Company recorded debt discounts of $28,786 for the year ended June 30, 2016 (2015 – $24,018). In addition, as these promissory notes are payable on demand, the debt discounts were fully amortized to interest expense as of June 30, 2016 and 2015.

~~Any~~The ~~member~~amount of ~~the~~interest ~~immediate~~payable ~~family~~on ~~(including~~these ~~spouse,~~notes ~~parents,~~was ~~children~~$51,178 ~~step-parents,~~as ~~step-children~~of June 30, ~~siblings~~2016 ~~and~~(2015 in-~~laws~~ $31,530) ofand ~~any~~is ofincluded ~~the~~in ~~foregoing~~accounts ~~persons~~payable.

~~Directors’~~During ~~Independence~~the year ended June 30, 2016, $10,000 (2015 - $69,500) of debt was converted into 10,000,000 (2015 – 26,500,000) common shares (Note 9).

~~Under NASDAQ Rule 4200(a)(15), a director is not considered to be independent if he or she is also an executive officer or employee of the corporation~~11. As ~~Tim~~FINANCIAL ~~Ferguson~~INSTRUMENTS isAND ~~our~~FINANCIAL ~~executive~~RISK ~~officers and directors, we have determined that Tim Ferguson is not an independent director as defined under NASDAQ Rule 4200(a)(15).~~MANAGEMENT

~~The~~Fair ~~Company~~value ~~does~~measurement ~~not~~is ~~have~~based ~~any~~on ~~promoters~~a ~~involved~~fair ~~with~~value ithierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value which are:

30Level 1 —

~~ITEM~~Quoted ~~14.~~prices ~~PRINCIPAL~~that ~~ACCOUNTING~~are ~~FEES~~available ~~AND~~in ~~SERVICES~~active markets for identical assets or liabilities.

~~The~~Level ~~aggregate~~2 ~~fees~~— billed for the two most recently completed fiscal years for professional services rendered by the principal accountant for the audit of our annual financial statements and review of the financial statements included in our Quarterly Reports on Form 10-Q and services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for those fiscal periods were as follows:

		Year Ended October 31, 2014		Year Ended October 31, 2013
Audit Fees	$	4,400	$	4,900
Audit-Related Fees	$	Nil	$	Nil
Tax Fees	$	Nil	$	Nil
All Other Fees	$	Nil	$	Nil
Total	$	4,400	$	4,900

Quoted prices in active markets for similar assets that are observable.

~~ITEM~~Level ~~15.~~3 ~~EXHIBITS,~~— ~~FINANCIAL STATEMENT SCHEDULES.~~

~~The~~Unobservable ~~following~~inputs ~~exhibits~~that are ~~either~~supported ~~provided~~by ~~with~~little ~~this~~or ~~Annual~~no ~~Report~~market oractivity and that are ~~incorporated~~significant ~~herein~~to bythe ~~reference:~~fair value of the assets or liabilities.

Exhibit Number		Description of Exhibits
3		Corporate Charter (1)
3.1		Articles of Incorporation. (1)
3.2		Bylaws, as amended. (1)
10.1		Assignment Agreement dated June 10, 2010 between Rodelio Mining Ltd. and Monarchy Resources, Inc. (1)
14.1		Code of Ethics (1)
31.1		Certification of Chief Executive Officer as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. (*)
31.3		Certification of Chief Financial Officer as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.(*)
32.1		Certification of Chief Executive Officer as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.(*)
32.2		Certification of Chief Financial Officer as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.(*)
101		INS XBRL Instant Document (*)
101		SCH XBRL Taxonomy Extension Schema Document (*)
101		CAL XBRL Taxonomy Extension Calculation Linkbase Document (*)
101		LAB XRBL Taxonomy Label Linkbase Document (*)
101		PRE XBRL Taxonomy Extension Presentation Linkbase Document (*)
101		DEF XBRL Taxonomy Extension Definition Linkbase Document (*)

F-12

(At June 30, 2016, the Company had Level 1) financial instruments, consisting of cash with a fair value of $19,217 and bank indebtedness of $13,621

~~Previously~~The ~~filed~~Company's asfinancial aninstruments ~~exhibit~~generally toconsist ~~our~~of ~~Registration~~cash, ~~Statement~~deposits, onbank ~~Form~~indebtedness, ~~S-1~~accounts ~~originally~~payable, ~~filed~~convertible ~~with~~notes payable, and amounts due to related parties. It is management's opinion that the ~~SEC~~Company onis ~~March~~not ~~15,~~exposed ~~2011,~~to assignificant ~~amended~~interest ~~July~~or ~~28,~~credit ~~2011,~~risks ~~September~~arising ~~28,~~from ~~2011,~~these ~~November~~financial ~~16,~~instruments. ~~2011~~The ~~and~~fair ~~February~~value ~~24,~~of ~~2012~~these ~~and~~financial ~~declared~~instruments ~~effective~~approximates ~~March~~their ~~12,~~carrying ~~2012~~values. The Company is exposed to currency risk by incurring certain expenditures in currencies other than the United States dollar. The Company does not use derivative instruments to reduce this currency risk.

~~(*) Filed herein~~F-13

31ITEM 15.

~~FINANCIAL~~SIGNATURES ~~STATEMENTS SCHEDULES~~

F-2		Balance Sheets as at October 31, 2014 and 2013;
F-3		Statements of Operations for the years ended October 31, 2014 and 2013, and for the period from June 16, 2010 (date of inception) to October 31, 2014;
F-4		Statement of Stockholders’ Deficiency for the period from June 16, 2010 (date of inception) October 31,2014;
F-5		Statements of Cash Flows for the years ended October 31, 2013 and 2012 and for the period from June 16, 2010 (date of inception) to October 31, 2014
F-6		Notes to Financial Statements.

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this Annual Report on Form 10-K to be signed on its behalf by the undersigned, thereunto duly authorized.

F-1



	I-WELLNESS MARKETING GROUP, INC.

Date: February 15, 2017		/s/ Tim Ferguson
		Timothy Ferguson, President

MONARCHY RESOURCES, INC.

(Exploration Stage Company)

BALANCE SHEETS

		October 31, 2014		October 31, 2013
ASSETS
CURRENT ASSETS
Cash	$	1,077	$	99,970
Prepaid expense		8,060		180,500
Total Current Assets		9,137		280,470
LONG TERM ASSETS
Investments		900,000		-
Equipment & Leasehold Improvements		314,593		-
Software		1,253		-
Total Long Term Assets		1,215,846		-
TOTAL ASSETS	$	1,224,983	$	280,470
LIABILITIES AND STOCKHOLDERS’ DEFICIENCY
CURRENT LIABILITIES
Accounts payable and accrued expenses	$	221,083	$	77,969
Advances from related parties (Note 5)		494,959		40,326
Convertible notes payable		505,624		175,000
Notes payable		-		750,000
Total current liabilities		1,221,670		1,043,295
TOTAL LIABILITIES		1,221,670		1,043,295
STOCKHOLDERS’ DEFICIENCY
Common stock
300,000,000 shares authorized, at $0.001 par value;30,437,187 shares issued and outstanding as at October 31, 2014 (153,847 as at October 31, 2013) (Note 7)		30,437		154
Additional paid in capital		24,551,568		4,804,746
Deficit accumulated during the exploration stage		(24,578,692)		(5,567,725)
Total Stockholders’ Deficiency		3,313		(762,825)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIENCY	$	1,224,983	$	280,470

The accompanying notes are an integral part of these financial statements.

F-2

MONARCHY RESOURCES, INC.

(Exploration Stage Company)

STATEMENTS OF OPERATIONS

		Year ended October 31, 2014		Year ended October 31, 2013		From June 16, 2010 (date of inception) to October 31, 2014
REVENUE
Net Sales	$	126,328	$	-	$	126,328
Cost of Goods Sold		51,994		-		51,994
TOTAL REVENUE		74,334		-		74,334
EXPENSES
Exploration costs		-		-		14,000
Impairment loss on mineral claim acquisition		-		-		5,000
Impairment loss on receivable				60,000		60,000
Impairment loss on investment		17,412,207		4,959,833		22,372,040
Payroll		52,551		-		52,551
General and administrative		430,596		253,846		710,228
TOTAL OPERATING EXPENSES		(17,895,354)		(5,273,679)		(23,213,819)
OTHER INCOME (EXPENSE):
Loss on Equity Method Investment		(92,427)		(65,167)		(157,594)
Interest Expense		(886,940)		(184,093)		(1,071,033)
TOTAL OTHER INCOME (EXPENSE)		(979,367)		(249,260)		(1,228,627)
NET LOSS	$	(18,800,387)	$	(5,522,939)	$	(24,368,112)
NET LOSS PER COMMON SHARE
Basic and diluted	$	(20.05)	$	(35.90)
WEIGHTED AVERAGE OUTSTANDING SHARES
Basic and diluted		936,486		153,847

The accompanying notes are an integral part of these financial statements.

F-3

MONARCHY RESOURCES, INC.

(Exploration Stage Company)

STATEMENT OF STOCKHOLDERS' DEFICIT

For the period June 16, 2010 (date of inception) to October 31, 2014

	Common Stock				Additional Paid in		Accumulated
	Number		Par Value		Capital		Deficit		Total
Balance June 10, 2010	-	$	-	$	-	$	-	$	-
Issuance of common shares for cash	100,000		100		29,900		-		30,000
Net Loss for period ended October 31, 2010	-		-		-		(6,014)		(6,014)
Balance as of October 31, 2010	100,000		100		29,900		(6,014)		23,986
Net loss for the year ended October 31, 2011	-		-		-		(24,560)		(24,560)
Balance as of October 31, 2011	100,000		100		29,900		(30,574)		(574)
Net loss for the year ended October 31, 2012	-		-		-		(14,212)		(14,212)
Balance as of October 31, 2012	100,000		100		29,900		(44,786)		(14,786)
Issuance of common shares for cash	467		0		39,900		-		39,900
Issuance of common shares for investment	50,000		50		4,274,950		-		4,275,000
Issuance of common shares for services	3,333		3		284,997		-		285,000
Beneficial conversion features from convertible debt	-		-		175,000		-		175,000
Net loss for the year ended October 31, 2013	-		-		-		(5,522,939)		(5,522,939)
Balance as of October 31, 2013	153,800		154		4,804,746		(5,567,725)		(762,825)
Issuance of common shares for debt	283,340		283		904,717				905,000
Issuance of common shares for property	30,000,000		30,000		17,970,000		-		18,000,000
Beneficial conversion features from debt	-		-		871,855		-		871,855
Net loss for the year ended October 31, 2014	-		-		-		(18,800,387)		(18,800,387)
Balance as of October 31, 2013	30,437,140	$	30,437	$	24,551,318	$	(24,368,112)	$	213,643

The accompanying notes are an integral part of these financial statements.

F-4

MONARCHY RESOURCES, INC.

(Exploration Stage Company)

CONDENSED STATEMENTS OF CASH FLOWS

For the years ended October 31, 2014 and 2013 and for the period June 16, 2010 (date of inception) to October 31, 2014

		Year ended October 31, 2014		Year ended October 31, 2013		From June 16, 2010 (date of inception) to October 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$	(18,800,387	$	(14,212)	$	(24,368,112)
Adjustments to reconcile net loss to net cash used in operating activities:
Loss on equity method investment		92,427		65,167		157,594
Expenses paid by third party		-		15,000		15,000
Debt discount amortization		871,855		175,000		1,046,855
Impairment loss on mineral claim		-		-		5,000
Impairment loss on investment		17,412,207		4,959,333		22,371,540
Impairment loss on advance receivable		-		60,000		60,000
Changes in operating assets and liabilities:
Prepaid expense		(180,500)		109,750		(182,250)
Advance receivable		-		(60,000		1,757
Accounts payable and accrued expenses		41,910		72,053		110,876
Net cash used in operating activities		(542,660)		(126,636)		(707,916)
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of mineral claim		-		-		(5,000)
Net cash used in investing activities		-		-		(5,000)
CASH FLOWS FROM FINANCING ACTIVITIES
Stock issued for cash		-		39,990		69,900
Advances from related parties		700		20,623		56,026
Proceeds from promissory notes		441,990		160,000		601,990
Payments to related parties		-		15,000		(15,000)
Net cash provided by financing activities		442,690		205,523		712,916
Net (decrease) increase in cash		98,893		78,887	$	98,893
Cash at beginning of period		99,970		21,083		99,970
CASH AT END OF PERIOD	$	1,077	$	99,970	$	1,077

The accompanying notes are an integral part of these financial statements.

F-5

MONARCHY RESOURCES, INC.

(Exploration Stage Company)

NOTES TO FINANCIAL STATEMENTS

October 31, 2014

1. ORGANIZATION

The Company, Monarchy Resources, Inc., was incorporated under the laws of the State of Nevada on June 16, 2010 with authorized capital stock of 300,000,000 shares at $0.001 par value.

The Company was organized for the purpose of acquiring and developing mineral properties. At the report date mineral claims, with unknown reserves, had been acquired. The Company has not established the existence of a commercially minable ore deposit and therefore has not reached the production stage and is considered to be in the exploration stage.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Accounting Method

The Company recognizes income and expenses based on the accrual method of accounting.

Dividend Policy

The Company has not yet adopted a policy regarding payment of dividends.

Basic and Diluted Net Loss Per Share

Basic net loss per share amounts are computed based on the weighted average number of shares actually outstanding. Diluted net loss per share amounts are computed using the weighted average number of common and common equivalent shares outstanding as if shares had been issued on the exercise of the common share rights unless the exercise becomes anti-dilutive and then the basic and diluted per share amounts are the same. As of October 31, 2014 and 2013, no such common equivalent shares were excluded from net income (loss) per share.

Income Taxes

The Company utilizes the liability method of accounting for income taxes. Under the liability method deferred tax assets and liabilities are determined based on differences between financial reporting and the tax bases of the assets and liabilities and are measured using the enacted tax rates and laws that will be in effect, when the differences are expected to be reversed. An allowance against deferred tax assets is recorded, when it is more likely than not, that such tax benefits will not be realized.

Year Ended		Estimated NOL Carry- Forward	NOL Expires		Estimated Tax Benefit from NOL		Valuation Allowance	Net Tax Benefit
2010	$	6,014	2030	$	2,045	$	(2,045)	-
2011		24,560	2031		8,350		(8,350)	-
2012		14,212	2032		4,832		(4,832)	-
2013		5,522,939	2033		1,877,767		(1,877,767)	-
2014		24,368,112	2034		8,285,158		(8,285,158)	-

As of October 31, 2014 and 2013, the Company has no unrecognized income tax benefits. The Company’s policy for classifying interest and penalties associated with unrecognized income tax benefits is to include such items as tax expense. No interest or penalties have been recorded during the years ended October 31, 2014, and 2013 and no interest or penalties have been accrued as of October 31, 2014 and 2013. As of October 30, 2014 and 2013, the Company did not have any amounts recorded pertaining to uncertain tax positions.

F-6

The tax years from 2010 and forward remain open to examination by federal and state authorities due to net operating loss and credit carryforwards. The Company is currently not under examination by the Internal Revenue Service or any other taxing authorities.

Impairment of Long-lived Assets

The Company reviews and evaluates long-lived assets for impairment when events or changes in circumstances indicate that the related carrying amounts may not be recoverable. The assets are subject to impairment consideration under ASC 360-10-35-17 if events or circumstances indicate that their carrying amounts might not be recoverable. When the Company determines that an impairment analysis should be done, the analysis will be performed using rules of ASC 930-360-35, Asset Impairment, and 360-10-15-3 through 15-5, Impairment or Disposal of Long-Lived Assets.

Foreign Currency Translations

The books of the Company are maintained in United States dollars and this is the Company’s functional and reporting currency. Transactions denominated in other than the United States dollar are translated as follows with the related transaction gains and losses being recorded in the Statement of Operations:

(i)

Monetary items are recorded at the rate of exchange prevailing as at the balance sheet date;

(ii)

Non-Monetary items including equity are recorded at the historical rate of exchange; and

(iii)

Revenues and expenses are recorded at the period average in which the transaction occurred.

Investments

Investments in companies that are not consolidated, but over which the Company exercises significant influence, are accounted for under the equity method of accounting. Whether or not the Company exercises significant influence with respect to an investee depends on an evaluation of several factors, including, among others, ownership level. Under the equity method of accounting, an investee company’s accounts are not reflected within the Company’s Balance Sheets and Statements of Operations; however, the Company’s share of the earnings or losses of the investee company is reflected in the Company’s Statements of Operations and the Company’s carrying value in an equity method investee company is reflected in the Company’s Balance Sheets. The Company evaluates these investments for other-than-temporary declines in value each quarterly period. Any impairment found to be other than temporary would be recorded through a charge to earnings.

Revenue Recognition

Revenue from the sale of minerals will be recognized when a contract is in place and minerals are delivered to the customer.

Mineral claim acquisition and exploration costs

The cost of acquiring mineral properties or claims is initially capitalized and then tested for recoverability whenever events or changes in circumstances indicate that its carrying amount may not be recoverable. Mineral exploration costs are expensed as incurred.

Advertising and Market Development

The company expenses advertising and market development costs as incurred.

Financial Instruments

The carrying amounts of financial instruments are considered by management to be their fair value due to their short term maturities.

F-7

Estimates and Assumptions

Management uses estimates and assumptions in preparing financial statements in accordance with general accepted accounting principles. Those estimates and assumptions affect the reported amounts of the assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. Actual results could vary from the estimates that were assumed in preparing these financial statements.

Statement of Cash Flows

For the purposes of the statement of cash flows, the Company considers all highly liquid investments with a maturity of three months or less to be cash equivalents.

Environmental Requirements

At the report date environmental requirements related to the mineral claim acquired are unknown and therefore any estimate of any future cost cannot be made.

Recent Accounting Pronouncements

The Company does not expect that the adoption of other recent accounting pronouncements will have a material impact on its financial statements.

3. ACQUISITION OF MINERAL CLAIM

On June 21, 2010, the Company acquired the La Carlota Gold Claim located in the Republic of Philippines from Rodelio Mining Ltd., an unrelated company, for the consideration of $5,000. The La Carlota Gold Claim is located 30 kilometres northwest of the city of La Carlota in the Philippines. Under Philippine’s law, the claim remains in good standing as long as the Company has an interest in it. There are no annual maintenance fees or minimum exploration work required on the Claim.

The acquisition costs have been impaired and expensed because there has been limited exploration activity and there has been no reserve established and we cannot currently project any future cash flows or salvage value.

4. INVESTMENT IN NEW WORLD METALS S.A. de C.V.

On May 14, 2013, the Company entered into a Share Purchase Agreement (the “SPA”) with the owners of New World Metals S.A.P.I. de C.V. (“New World”) Under the terms of the SPA, the Company issued 10,000,000 shares of the Company’s common stock to the owners of New World in exchange for 28% of the issued and outstanding shares of New World. New World is a mining operator in the Chihuahua region of Mexico which owns three working mines; Morelos, La Luna, and Peneto. The shares of the Company were valued at $.285, which was the price of the shares sold to a third party under a stock subscription agreement in May 2013. The Company is accounting for this investment using the equity method.

On July 4, 2013, the Company entered into an agreement to increase its ownership in New World by 17%, to 45%, by issuing 5,000,000 shares and agreeing to pay $750,000 to three separate owners of New World. The shares of the Company were valued at $.285, which was the price of the shares sold to a third party under a stock subscription agreement in May 2013. The Company is accounting for this investment using the equity method.

4. SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES

For the year ended October 31, 2014, related parties made advances of $494,959 to the Company.

The two previous Directors have made advances to the Company of $40,326, as of October 31, 2014. The advances are non-interest bearing, unsecured and payable on demand.

F-8

On August 23, 2013, the Company recorded prepaid expense of $286,000 for 1,000,000 shares issued to its President (valued at $.285 per share), and the payment of $1,000 in cash, for a six month service contract. $107,250 of this amount was amortized to general and administrative expense for the year ended October 31, 2013.

5. CAPITAL STOCK

On July 24, 2010, Company completed a private placement consisting of 30,000,000 common shares at $0.001 per share sold to directors and officers for a total consideration of $30,000.

Under an effective registration statement, the directors and officers sold 25,000,000 common shares to other investors in May 2012.

On June 19, 2013 the Company issued 10,000,000 shares and on July 4, 2013, the Company issued 5,000,000 shares to acquire 45% of the issued and outstanding shares of New World (see Note 3).

On October 24, 2013, the Company issued 140,000 shares for cash of $39,900.

In 2014, the Company issued 30,283,340 shares for debt and property.

6. Promissory Notes

The Company has entered into three promissory notes during the years ended October 31, 2014 and 2013:

Date of Promissory Note		Amount of Promissory Note	Term of Promissory Note	Interest Rate of Promissory Note		Conversion Rate
July 4, 2013	$	750,000	July 31, 2014	3%		N/A
August 1, 2013	$	75,000	Demand	5%	$	0.01
September 1, 2013	$	100,000	Demand	5%	$	0.01
January 15, 2014		330,624	Demand	5%	$	0.001

The Company assessed the conversion options and determined the August 1 and September 1 promissory notes had beneficial conversion features with intrinsic values in excess of the principal balance. Therefore, the Company recorded debt discounts of $175,000. In addition, as these promissory notes are payable on demand, the debt discounts were fully amortized to interest expense as of October 31, 2013.

If converted into common shares, the amount of shares to be issued would be 347,500,000 common shares. The amount of accrued interest payable of these notes was $9,093 as of October 31, 2013 and $28,000 as of October 31, 2014.

7. GOING CONCERN

The Company will need additional working capital to accomplish its intended purpose of exploring its mining claim, which raises substantial doubt about its ability to continue as a going concern. Management of the Company has developed a strategy, which it believes will accomplish this objective through Director Advances, additional equity funding, and long term financing, which will enable the Company to operate for the coming year.

8. SUBSEQUENT EVENTS

On January 15, 2014, pursuant to the July 11, 2013 Share Exchange Agreement for an additional 17% interest in New World Metals, S.A.P.I de C.V., in exchange for the issuance of 5,000,000 common shares of the Company and a promissory note in the amount of $750,000, the Company has pledged and issued a total of 20,000,000 restricted shares in satisfaction of the promissory note.

F-9

SIGNATURES

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

MONARCHY RESOURCES, INC.

(Registrant)

By: /s/ TIM FERGUSON

Chief Executive Officer,

President and Director

Chief Accounting Officer,

Chief Financial 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 dated indicated.

By: /s/ TIM FERGUSON

Chief Executive Officer,

President and Director

Chief Accounting Officer,

Chief Financial Officer and Director

Date: February 17, 2013

F-10

Filing Compare · I-WELLNESS MARKETING GROUP INC.