v2.4.0.6

STATEMENTS OF CASH FLOWS (USD $)	6 Months Ended		84 Months Ended	90 Months Ended
STATEMENTS OF CASH FLOWS (USD $)	Oct. 31, 2011	Oct. 31, 2010	Apr. 20, 2011	Oct. 31, 2011
Cash Flows Used In Operating Activities
Net loss	$ (1,068,740)	$ (892,185)	$ (21,877,593)
Adjustments to reconcile net loss to cash used in operating activities:
Federal income tax recovery	0	0	(216,208)
Extinguishment loss on debt modification	0	0	126,875
Adjustment to fair value of derivative instruments	9,415	(881)	(103)
Amortization of debt discount	12,146	0	13,838
Depreciation	28,475	29,459	343,323
Non-cash management fees	0	43,333	429,293
Accrued interest income	0	0	(11,250)
Shares issued for services	450,000	0	450,000
Gain on sale of fixed assets	0	0	(23,891)
Accretion of interest on convertible note	0	9,751	32,121
Bad debt	0	0	136,250	136,250
Impairment of mineral properties	0	0	10,756,200	10,756,200
Gain on debt settlement	0	0	(82,147)	(82,147)
Donated rent	0	0	9,000
Donated services	0	0	25,500	25,500
Change in operating assets and liabilities:
Decrease (increase) in other receivables and prepaid expenses	1,905	(3,064)	(6,508)
Increase in due to related parties	482,412	309,292	3,525,848
Increase (decrease) in accounts payable and accrued liabilities	8,138	414,473	1,454,676
Net Cash Used in Operating Activities	(76,249)	(89,822)	(4,914,776)
Cash Flows Used In Investing Activities
Purchase of equipment	0	0	(518,513)
Proceeds from Sale of Equipment	0	0	146,000
Loan receivable	0	0	(125,000)
Net Cash Used In Investing Activities	0	0	(497,513)
Cash Flows From Financing Activities
Promissory note payable	0	61,100	927,611
Convertible note	0	0	242,500
Proceeds from common stock issuances and subscriptions	0	0	4,247,090
Net Cash From Financing Activities	0	61,100	5,417,201
Increase (Decrease) in Cash	(76,249)	(28,722)	4,912
Cash - Beginning	81,161	34,790	0	81,161
Cash - Ending	$ 4,912	$ 6,068	$ 4,912	$ 4,912

The aggregate amount of adjustments to net income or loss necessary to remove the effects of all items whose cash effects are investing or financing cash flows. The aggregate amount also includes all noncash expenses and income items which reduce or increase net income and are thus added back or deducted when calculating cash provided by or used in operating activities.

Zoro Mining Corp. 10-Q/A