UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

[X]	Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
For the quarterly period ended May 31, 2013
[ ]	Transition Report pursuant to 13 or 15(d) of the Securities Exchange Act of 1934
For the transition period from __________ to__________
Commission File Number: 000-54577

x Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the quarterly period ended November 30, 2013

o Transition Report pursuant to 13 or 15(d) of the Securities Exchange Act of 1934

For the transition period from __________ to__________

Commission File Number: 000-54577

Laredo Resources Corp.

(Exact name of registrant as specified in its charter)

NV		90-0822497
(State or other jurisdiction of incorporation or organization)		(IRS Employer Identification No.)

300 Jameson House, 838 West Hastings Street, Vancouver, B.C., Canada V6C 0A6 ~~(Address of principal executive offices)~~

(~~604)~~Address ~~669-9000~~of ~~(Registrant’s~~principal ~~telephone~~executive ~~number~~offices) ~~___________________________ (Former name, former address and former fiscal year, if changed since last report)~~

~~Indicate by check mark whether the registrant~~ (1604) 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 [X] Yes [ ] No669-9000

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~~Registrant’s oftelephone ~~this chapter~~number) ~~during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). [ ] Yes [X] No~~

________________________________________________________________

(Former name, former address and former fiscal year, if changed since last report)

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 x Yes o 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). o Yes x No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.

~~[ ]~~ Large accelerated filer [o ] Accelerated filer [o ] Non-accelerated filer ~~[X]~~o 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). o ~~[ ]~~ Yes x ~~[X]~~ No

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date: 178,500,000 as of ~~July~~January 1511, 2013.

TABLE OF CONTENTS

Page PART I - FINANCIAL INFORMATION Item 1: Financial Statements (unaudited) 3 Item 2: Management’s Discussion and Analysis of Financial Condition and Results of Operations 4 Item 3: Quantitative and Qualitative Disclosures About Market Risk 6 Item 4: Controls and Procedures 6 PART II - OTHER INFORMATION Item 1: Legal Proceedings 8 Item 1A: Risk Factors 8 Item 2: Unregistered Sales of Equity Securities and Use of Proceeds 8 Item 3: Defaults Upon Senior Securities 8 Item 4: Mine Safety Disclosures 8 Item 5: Other Information 8 Item 6: Exhibits 8

		Page
PART I - FINANCIAL INFORMATION

Item 1:	Financial Statements		3

Item 2:	Management’s Discussion and Analysis of Financial Condition and Results of Operations		4

Item 3:	Quantitative and Qualitative Disclosures About Market Risk		6

Item 4:	Controls and Procedures		7

PART II - OTHER INFORMATION

Item 1:	Legal Proceedings		8

Item 1A:	Risk Factors		8

Item 2:	Unregistered Sales of Equity Securities and Use of Proceeds		8

Item 3:	Defaults Upon Senior Securities		8

Item 4:	Mine Safety Disclosures		8

Item 5:	Other Information		8

Item 6:	Exhibits		9

PART I - FINANCIAL INFORMATION

Item 1. Financial Statements

Our financial statements included in this Form 10-Q are as follows:

F-1	Consolidated Balance Sheets as of May 31, 2013 and August 31, 2012 (unaudited);
F-2	Balance Sheets as of November 30, 2013 (unaudited) and August 31, 2013;
F-2	Consolidated Statements of Operations for the three and nine months ended May 31, 2013 and May 31, 2012 and for the period from Inception (August 17, 2010) to May 31, 2013 (unaudited);
F-3	Statements of Operations for the three months ended November 30, 2013 and 2012 and period from Inception (August 17, 2010) to November 30, 2013 (unaudited);
F-3	Consolidated Statement of Stockholders’ Deficit for period from Inception (August 17, 2010) to May 31, 2013 (unaudited);
F-4	Statements of Cash Flows for the three months ended November 30, 2013 and 2012 and period from Inception (August 17, 2010) to November 30, 2013 (unaudited);
F-4	Consolidated Statements of Cash Flows for the nine months ended May 31, 2013 and May 31, 2012 and for the period from Inception (August 17, 2010) to May 31, 2013 (unaudited);
F-5	Notes to Financial Statements.
F-5	Notes to Consolidated Financial Statements.

These ~~consolidated~~ financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and the SEC instructions to Form 10-Q. In the opinion of management, all adjustments ~~and normal recurring accruals~~ considered necessary for a fair presentation have been included. Operating results for the interim period ended ~~May~~November 3130, 2013, are not necessarily indicative of the results that can be expected for the full year.

Laredo Resources Corp.
(An Exploration Stage Company)
Consolidated Balance Sheets
(Stated in US Dollars)
(Unaudited)
			May 31,		August 31,
			2013		2012
ASSETS
Current Assets
	Cash and cash equivalents	$	763	$	368
Total Current Assets			763		368
Website development costs			14,677		---
	TOTAL ASSETS	$	15,440	$	368
LIABILITIES AND STOCKHOLDERS' DEFICIT
Current Liabilities
	Accounts payable and accrued liabilities	$	137,251	$	558
	Accounts payable, related party		66,436		---
	Accrued interest, related party		856		3,998
	Note payable, related party		20,000		86,500
Total Current Liabilities			224,543		91,056
	TOTAL LIABILITIES		224,543		91,056
Stockholders' Deficit
Preferred stock: 10,000,000 authorized; $0.001 par value
	0 shares issued and outstanding		---		---
Common stock: 4,500,000,000 authorized; $0.001 par value
	178,500,000 and 178,500,000 shares issued and outstanding		178,500		178,500
Additional paid in capital			92,886		1,797
Deficit accumulated during exploration stage			(480,489)		(270,985)
Total Stockholders' Deficit			(209,103)		(90,688)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT		$	15,440	$	368

LAREDO RESOURCES CORP.

~~The~~(An ~~accompanying~~Exploration ~~notes~~Stage ~~are an integral part of these unaudited consolidated financial statements.~~Company)

~~F-1~~FINANCIAL STATEMENTS

Laredo Resources Corp.
(An Exploration Stage Company)
Consolidated Statements of Operations
(Stated in US Dollars)
(Unaudited)
											August 17, 2010
			For the Three Months Ended				For the Nine Months Ended				(inception)
			May 31,				May 31,				May 31,
			2013		2012		2013		2012		2013
Operating Expenses
	Amortization expense		1,823		---		1,823		---		1,823
	Accounting and audit		6,084		5,170		21,584		15,720		56,226
	Foreign exchange (gain) loss		3		1		(2,324)		5		(1,539)
	Legal fees		4,569		4,268		35,388		9,194		78,937
	General and administrative		53,939		1,561		83,342		4,750		96,309
	Mineral property exploration costs		30,000		---		95,842		---		108,809
	Transfer and filing fees		3,458		250		26,194		3,810		34,426
	Impairment of mineral property option		---		---		---		---		20,000
	Total operating expenses		99,876		11,250		208,507		33,479		333,182
Net loss from operations			(99,876)		(11,250)		(208,507)		(33,479)		(333,182)
Other income (expense)
	Forgiveness of debt		---		---		---		---		10,000
	Interest expense		(300)		(1,224)		(997)		(3,051)		(6,792)
Net loss		$	(100,176)	$	(12,474)	$	(209,504)	$	(36,530)	$	(329,974)
Basic loss per share		$	(0.00)	$	(0.00)	$	(0.00)	$	(0.00)
Weighted average number of
	shares outstanding		178,500,000		178,500,000		178,500,000		178,500,000

November 30, 2013 and August 31, 2013

~~The accompanying notes are an integral part of these unaudited consolidated financial statements.~~F-1

~~F-2~~Laredo Resources Corp. (An Exploration Stage Company) Balance Sheets (Unaudited)

Laredo Resources Corp.
		November 30,				August 31,
(An Exploration Stage Company)
		2013				2013
Consolidated Statement of Stockholders' Deficit
ASSETS
From Inception (August 17, 2010) to May 31, 2013
Current Assets
(Stated in US Dollars)
Cash		$	693			$	692
								Deficit
Prepaid assets			-				1,000
								Accumulated
Total Current Assets			693				1,692
						Additional		During the
Property option			736,414				-
		Common Stock				Paid in		Exploration
Intangible asset, net of accumulated
		Shares		Amount		Capital		Stage		Total
amortization of $4,580 and $3,209, respectively			11,920				13,291
Balance as of August 17, 2010		---	$	---	$	---	$	---	$	---
TOTAL ASSETS		$	749,027			$	14,983
	Capital stock issued to founder for cash	100,000,000		100,000		---		(84,375)		15,625
LIABILITIES AND STOCKHOLDERS' DEFICIT
	Capital stock issued for cash, net of commission	78,500,000		78,500		---		(66,140)		12,360
Current Liabilities
	Net loss	---		---		---		(7,325)		(7,325)
Accounts payable and accrued liabilities		$	160,272			$	123,400
Balance as of August 31, 2010		178,500,000		178,500		---		(157,840)		20,660
Advances from related party			147,222				105,901
	Capital contribution by president	---		---		895		---		895
Advances for property option			716,414				-
	Net loss	---		---		---		(56,789)		(56,789)
Accrued interest, related party			1,456				1,156
Balance as of August 31, 2011		178,500,000		178,500		895		(214,629)		(35,234)
Convertible note payable, related party			14,300				-
	Capital contribution by president	---		---		902		---		902
Note payable, related party			20,000				20,000
	Net loss							(56,356)		(56,356)
Total Current Liabilities			1,059,664				250,457
Balance as of August 31, 2012		178,500,000		178,500		1,797		(270,985)		(90,688)
Stockholders' Deficit
	Capital contribution by president	---		---		25		---		25
Series A convertible preferred stock: $.001 par value, 100 shares			-				-
	Sale of Subsidiary	---		---		91,064		---		91,064
authorized, none issued or outstanding
	Net loss	---		---		---		(209,504)		(209,504)
Series B preferred stock: $.001 par value, 10,000,000 shares			-				-
Balance as of May 31, 2013		178,500,000	$	178,500	$	92,886	$	(480,489)	$	(209,103)
authorized, none issued or outstanding
Series C convertible preferred stock: $.0001 par value, 10,000,000 shares			-				-
authorized, 286,556 issued or outstanding
Series D preferred stock: $.001 par value, 10,000,000 shares
authorized, none issued or outstanding			-				-
Common stock: $.00001 par value, 1,969,999,900 shares authorized ,value
178,500,000 shares issued and outstanding			1,785				1,785
Additional paid in capital			283,901				269,601
Deficit accumulated during the exploration stage			(596,323	)			(506,860	)
Total Stockholders' Deficit			(310,637	)			(235,474	)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT		$	749,027			$	14,983

~~The~~See accompanying notes that are an integral part of these ~~unaudited consolidated~~ financial statements.

F-32

Laredo Resources Corp.
(An Exploration Stage Company)
Consolidated Statements of Cash Flows
(Stated in US Dollars)
(Unaudited)
							Inception (August 17, 2010)
			For the Nine months ended				through
			May 31,				May 31,
			2013		2012		2013
CASH FLOWS FROM OPERATING ACTIVITIES:
	Net loss	$	(209,504)	$	(36,530)	$	(329,974)
	Adjustment to reconcile net loss to net
	cash used by operating activities:
	Amortization		1,823		---		1,823
	Non cash interest expense - capital contribution		25		676		1,822
	Forgiveness of debt		---		---		(10,000)
	Impairment of mineral property option		---		---		20,000
	Changes in assets and liabilities:
	Prepaid expenses		---		3,000		---
	Accrued interest, related party		972		2,375		4,970
	Accounts payable, related party		66,436		---		66,436
	Accounts payable and accrued liabilities		137,143		(9,760)		137,701
	Net cash used in operating activities		(3,105)		(40,239)		(107,222)
CASH FLOWS FROM INVESTING ACTIVITIES:
	Website development		(16,500)		---		(16,500)
	Acquisition of property option		---		---		(10,000)
	Net cash used in investing activities		(16,500)		---		(26,500)
CASH FLOWS FROM FINANCING ACTIVITIES:
	Capital stock issued		---		---		27,985
	Notes payable, related party		20,000		47,500		106,500
	Net cash provided by financing activities		20,000		47,500		134,485
Net change in cash and cash equivalents			395		7,261		763
Cash and cash equivalents, beginning of period			368		1542		---
Cash and cash equivalents, end of period		$	763	$	8,803	$	763
Supplemental disclosure of cash flow information
Non-cash investing and financing activities:
	Accrual of mineral property	$	---	$	10,000	$	10,000
	Accounts payable settled in connection with sale of subsidiary	$	450	$	---	$	450
	Accrued interest, related party, settled in connection with sale of subsidiary	$	4,114	$	---	$	4,114
	Note payable, related party, settled in connection with sale of subsidiary	$	86,500	$	---	$	86,500
	Gain from foreign exchange	$	2,381	$	---	$	2,381

Laredo Resources Corp.

(An Exploration Stage Company)

Statements of Operations

(Unaudited)

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

	For the Three Months Ended						From Inception (August 17, 2010) to
	November 30,						November 30,
	2013			2012			2013

Revenues	$	-		$	-		$	-

Operating Expenses
Amortization expense		1,371			-			4,580
Accounting and audit		6,015			9,476			70,241
Foreign exchange loss		-			54			790
Legal and professional fees		2,139			21,684			84,937
General and administrative		1,077			1,558			49,990
Mineral property exploration costs		-			-			14,500
Transfer and filing fees		1,061			20,682			37,077
Management fees		48,900			16,000			125,200
Impairment of mineral property option		-			-			20,000
Total operating expenses		60,563			69,454			407,315

Net loss from operations		(60,563	)		(69,454	)		(407,315	)

Other income (expense)
Forgiveness of debt		-			-			10,000
Interest and financing expense		(28,900	)		(401	)		(48,493	)

Net other income (expense)		(28,900	)		(401	)		(38,493	)

Net Loss	$	(89,463	)	$	(69,855	)	$	(445,808	)

Basic loss per share	$	-		$	-

Weighted average number of
shares outstanding-basic		178,500,000			178,500,000

~~F-4~~See accompanying notes that are an integral part of these financial statements.

~~LAREDO RESOURCES CORP.~~F-3

Laredo Resources Corp. (An Exploration Stage Company) Statements of Cash Flows (Unaudited)

Notes to Unaudited Consolidated Financial Statements

	For the Three Months Ended November 30,						From Inception (August 17, 2010) to November 30,
	2013			2012			2013

CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$	(89,463	)	$	(69,855	)	$	(445,808	)
Adjustment to reconcile net loss to net
cash used by operating activities:
Non cash interest expense - capital contibution		-			25			1,822
Forgiveness of debt		-			-			(10,000	)
Write off of property option		-			-			20,000
Amortization expense		1,371			-			4,580
Interest and amortization of beneficial conversion feature		28,600			-			28,600
Changes in assets and liabilities:
Prepaid expenses		1,000			-			-
Accrued interest, related party		300			376			5,570
Accounts payable and accrued liabilities		36,872			49,788			160,722
Advances from related party		41,321			-			147,222
Net Cash Used in Operating Activities		20,001			(19,666	)		(87,292	)

CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of property option		(20,000	)		-			(20,000	)
Acquisition of intangibles		-			-			(26,500	)
Net Cash Used in Investing Activities		(20,000	)		-			(46,500	)

CASH FLOWS FROM FINANCING ACTIVITIES:
Capital stock issued		-			-			27,985
Notes payable, related party		-			20,000			106,500
Net Cash Provided by Financing Activates		-			20,000			134,485

Net change in cash and cash equivalents		1			334			693
Cash and cash equivalents, beginning of period		692			368			-
Cash and cash equivalents, end of period	$	693		$	702		$	693

Non-cash transactions:
Accrual of mineral property	$	-		$	-		$	10,000
Accounts payable settled in connection with sale of subsidiary	$	-		$	450		$	450
Accrued interest, related party, settled in connection with sale of subsidiary	$	-		$	4,114		$	4,114
Note payable, related party, settled imn connection with sale of subsidiary	$	-		$	86,500		$	86,500
Gain from foreign exchange	$	-		$	-		$	2,324
Payments made on behalf of the Company for property option	$	716,414		$	-		$	716,414
Convertible note issued in exchange for accrued interest expense	$	14,300		$	-		$	14,300

~~May~~See ~~31,~~accompanying ~~2013~~notes that are an integral part of these financial statements.

~~(Stated in US Dollars)~~F-4

~~Note~~LAREDO ~~1 Basis~~RESOURCES ~~of Presentation~~CORP.

While the information presented in the accompanying May 31, 2013 consolidated financial statements is unaudited, it includes all adjustments which are, in the opinion of management, necessary to present fairly the financial position, results of operations and cash flows for the period presented in accordance with the accounting principles generally accepted in the United States of America. In the opinion of management, all adjustments considered necessary for a fair presentation of the results of operations and financial position have been included and all such adjustments are of a normal recurring nature. These consolidated financial statements should be read in conjunction with the Company’s August 31, 2012 audited financial statements (~~notes~~An ~~thereto)~~Exploration ~~included~~Stage ~~in the~~ Company~~’s Form 10-K.~~)

~~Operating~~Notes ~~results~~to ~~for~~Unaudited ~~the~~Financial ~~nine months ended May 31, 2013 are not necessarily indicative of the results that can be expected for the year ending August 31, 2013.~~Statements

~~Note~~November ~~2 Nature~~30, ~~of Operations and Ability to Continue as a Going Concern~~2013

~~The~~Note ~~Company~~1 ~~was~~- ~~incorporated~~Basis ~~in the state~~ of ~~Nevada,~~Presentation United States of America on August 17, 2010. The Company is an exploration stage company and was formed for the purpose of acquiring exploration and development stage mineral properties. The Company’s year-end is August 31.

OnWhile ~~August~~the ~~31,~~information ~~2010,~~presented in the ~~Company~~accompanying ~~incorporated~~November a30, ~~wholly-owned~~2013 ~~subsidiary,~~financial ~~LRE~~statements ~~Exploration~~is ~~LLC~~unaudited, ~~(“LRE”)~~it includes all adjustments which are, in the ~~State~~opinion of ~~Nevada~~management, necessary to present fairly the financial position, results of operations and cash flows for the period presented in accordance with the accounting principles generally accepted in the United States of America. ~~(“USA”)~~In the opinion of management, all adjustments considered necessary for a fair presentation of the ~~purpose~~results of ~~mineral~~operations ~~exploration~~and financial position have been included and all such adjustments are of a normal recurring nature. These financial statements should be read in conjunction with the ~~USA~~Company’s August 31, 2013 audited financial statements (notes thereto) included in the Company’s Form 10-K.

OnOperating ~~November~~results ~~30,~~for ~~2010, LRE entered into a property option agreement with Arbutus Minerals LLC. (“Arbutus”) whereby~~ the ~~Company~~three ~~was~~months ~~granted~~ended anNovember ~~option~~30, to2013 ~~earn~~are upnot tonecessarily aindicative ~~100%~~of ~~interest in 20 mineral claims (~~the ~~“ABR~~results ~~Claims”)~~that ~~located~~can ~~approximately~~be 15expected ~~miles~~for ~~north of Elko, Nevada. (Note 4). During~~ the year ~~ended~~ending August 31, ~~2012, the Company abandoned the property~~2014.

OnNote ~~September~~2 ~~10,~~- ~~2012,~~Nature ~~the Company entered into an Agreement~~ of ~~Conveyance,~~Operations ~~Transfer~~ and ~~Assignment~~Ability ~~of Membership Interests and Assumption of Obligations (the “Agreement”), with the former President of the Company. Pursuant~~ to ~~the~~Continue ~~Agreement, the Company’s interest in LRE was transferred to the former President and the former president assumed all liabilities of LRE and the Company received~~ as ~~consideration~~a ~~the~~Going ~~release~~Concern ~~and discharge of all liabilities under all the promissory notes and accrued interest entered into prior to August 31, 2012.~~

~~Effective~~The ~~October~~Company ~~30,~~was ~~2012,~~incorporated ~~the~~in ~~Company increased~~ the ~~number~~state of ~~authorized~~Nevada, ~~common~~United ~~shares~~States of ~~the~~America ~~Company~~on ~~from~~August 9017,~~000,000~~ to2010. ~~4,500,000,000~~The ~~shares per director~~Company’s ~~resolution~~year-end ~~dated~~is ~~October~~August ~~30, 2012~~31.

FOn August 31, 2010, the Company incorporated a wholly-5owned subsidiary, LRE Exploration LLC, (“LRE”) in the State of Nevada, United States of America (“USA”) for the purpose of mineral exploration in the USA. This subsidiary was sold in September 2012.

~~The~~On ~~Company~~November ~~also~~30, ~~conducted~~2010, aLRE ~~fifty~~began toits ~~one~~operations ~~forward~~by ~~stock~~entering ~~split~~into ofa ~~the~~property ~~Company’s~~option ~~issued~~agreement ~~and~~with ~~outstanding~~Arbutus ~~common~~Minerals ~~shares per director’s resolution~~LLC. ~~Following~~(“Arbutus”) ~~this~~whereby ~~stock split,~~ the ~~number~~Company ofwas ~~outstanding~~granted ~~shares~~an ofoption ~~the~~to ~~Company’s~~earn ~~common~~up ~~stock~~to ~~increased~~a ~~from~~100% ~~3,570,000~~interest ~~shares~~in to20 ~~178,500,000~~mineral ~~shares.~~claims ~~All~~(the ~~share~~“ABR ~~and~~Claims”) ~~per~~located ~~share~~approximately ~~information~~15 inmiles ~~these~~north ~~financial~~of ~~statements~~Elko, ~~have~~Nevada. ~~been~~During ~~retro-actively~~the ~~restated~~year ~~for~~ended ~~all~~August ~~periods~~31, ~~presented~~2012, tothe ~~give~~Company ~~effect~~abandoned ofthe ~~this stock split~~property.

~~These~~Effective ~~financial~~October ~~statements~~30, ~~have~~2012, ~~been~~the ~~prepared~~Company inincreased ~~accordance~~the ~~with~~number ~~generally~~of ~~accepted~~authorized ~~accounting~~common ~~principles~~shares ~~applicable~~of ~~to a going concern, which assumes that~~ the Company ~~will~~from be90,000,000 ~~able~~ to ~~meet~~4,500,000,000 ~~its~~shares ~~obligations~~per ~~and~~director’s ~~continue~~resolution ~~its~~dated ~~operations~~October ~~for~~30, ~~its next fiscal year~~2012. ~~Realization~~ ~~values~~The ~~may~~Company bealso ~~substantially~~conducted ~~different~~a ~~from~~fifty ~~carrying~~to ~~values~~one asforward ~~shown~~stock ~~and~~split ~~these~~of ~~financial~~the ~~statements~~Company’s doissued ~~not~~and ~~give~~outstanding ~~effect~~common toshares ~~adjustments~~per ~~that~~director’s ~~would~~resolution. beFollowing ~~necessary~~this tostock split, the ~~carrying~~number ~~values~~of ~~and~~outstanding ~~classification~~shares of ~~assets and liabilities should~~ the Company’s becommon ~~unable~~stock toincreased ~~continue~~from as3,570,000 ashares ~~going concern. The Company has yet~~ to ~~achieve profitable operations~~178, ~~has an accumulated deficit of $480~~500,~~489~~000 ~~since~~shares. ~~its~~All ~~inception~~share ~~(August 17, 2010)~~ and ~~expects~~per toshare ~~incur~~information ~~further losses~~ in ~~the~~these ~~development~~financial ofstatements ~~its~~has ~~business,~~been ~~all~~retro-actively ofrestated ~~which~~for ~~casts~~all ~~substantial~~periods ~~doubt~~presented ~~about the Company’s ability~~ to ~~continue~~give aseffect aof ~~going~~this ~~concern~~stock split.

~~The~~These ~~Company’s~~financial ~~ability~~statements tohave ~~continue~~been asprepared ain ~~going~~accordance ~~concern~~with isgenerally ~~dependent~~accepted ~~upon~~accounting ~~its~~principles ~~ability~~applicable to ~~generate~~a ~~future~~going ~~profitable~~concern, ~~operations~~which ~~and/or~~assumes tothat ~~obtain~~ the ~~necessary~~Company ~~financing~~will ~~from~~be ~~shareholders~~able ~~or other sources~~ to meet its obligations and ~~repay~~continue its ~~liabilities~~operations ~~arising~~for ~~from~~its ~~normal~~next ~~business~~fiscal ~~operations~~year. ~~when~~Realization ~~they~~values ~~become~~may ~~due. Management~~be ~~has~~substantially nodifferent ~~formal~~from ~~plan~~carrying invalues ~~place~~as toshown ~~address~~and ~~this~~these ~~concern~~financial ~~but~~statements ~~considers~~do ~~that~~not ~~the~~give ~~Company~~effect ~~will~~to beadjustments ~~able~~that towould ~~obtain~~be ~~additional~~necessary ~~funds~~to bythe ~~equity~~carrying ~~financing~~values and~~/or~~ ~~related~~classification ~~party~~of ~~advances,~~assets ~~however~~and ~~there~~liabilities isshould nothe ~~assurance~~Company ofbe ~~additional~~unable ~~funding~~to ~~being~~continue ~~available~~as ora ongoing ~~acceptable~~concern. ~~terms,~~The ifCompany athas ~~all. The~~yet ~~financial~~to ~~statements~~achieve doprofitable ~~not~~operations, ~~include~~has ~~any~~accumulated ~~adjustments~~losses ~~relating~~of to$596,323 ~~the~~since ~~recoverability~~its inception and ~~classification~~expects ofto ~~recorded~~incur ~~assets,~~further orlosses in the ~~amounts~~development of ~~and~~its ~~classification~~business, all of ~~liabilities~~which ~~that~~casts ~~might~~substantial bedoubt ~~necessary~~about in the ~~event~~Company’s ~~the~~ability ~~company~~to ~~cannot~~ continue inas ~~existence~~a going concern.

~~Note 3 Summary of Significant Accounting Policies~~F-5

The ~~financial~~Company’s ~~statements~~ability ofto ~~the~~continue ~~Company~~as ~~have~~a ~~been~~going ~~prepared~~concern inis ~~accordance~~dependent ~~with~~upon ~~accounting~~its ~~principles~~ability ~~generally~~to ~~accepted~~generate infuture profitable operations and/or to obtain the ~~United~~necessary ~~States~~financing offrom ~~America~~shareholders ~~(“U.S.~~or ~~GAAP”)~~other ~~and~~sources ~~are~~to ~~stated~~meet inits USobligations ~~dollars. The~~and ~~preparation~~repay ofits ~~financial~~liabilities ~~statements~~arising infrom ~~conformity~~normal ~~with~~business Uoperations when they become due.S. ~~GAAP~~Management ~~requires~~has ~~management~~no formal plan in place to ~~make~~address ~~estimates~~this ~~and~~concern ~~assumptions~~but considers that ~~affect~~ the ~~reported~~Company ~~amounts~~will ofbe ~~assets~~able ~~and~~to ~~liabilities~~obtain ~~and~~additional ~~disclosure~~funds ofby ~~contingent~~equity ~~assets~~financing and/or ~~liabilities~~related atparty ~~the~~advances, ~~date~~however there is no assurance of ~~the~~additional funding being available or on acceptable terms, if at all. The financial statements ~~and~~do not include any adjustments relating to the ~~reported~~recoverability ~~amounts~~and classification of ~~expense~~recorded ~~during~~assets, or the ~~reporting~~amounts ~~period.~~of ~~Actual~~and ~~results~~classification ~~could~~of ~~differ~~liabilities ~~from~~that ~~those~~might ~~estimates~~be necessary in the event the company cannot continue in existence.

~~The~~Note ~~financial~~3 ~~statements~~Summary ~~have, in management’s opinion, been properly prepared within the framework~~ of ~~the~~Significant ~~significant~~Accounting ~~accounting~~Policies ~~policies summarized below:~~

~~F-6~~Use of Estimates

~~Principles~~The financial statements of ~~Consolidation~~the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and are stated in US dollars. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expense during the reporting period. Actual results could differ from those estimates.

~~These~~Principles ~~financial statements include the accounts~~ of the Company and LRE Exploration LLC. (“LRE”), until LRE was disposed of by sale to the former president on September 10, 2012. Accordingly, the balance sheets, statements of operations and cash flows presented include the results of LRE from August 31, 2010 to September 10, 2012, and the balance sheet presented at May 31, 2013 is solely that of Laredo Resources Corp. The balance sheet presented at August 31, 2012 comprises Laredo Resources Corp and its wholly owned subsidiary LRE. All significant inter-company transactions and balances have been eliminated.Consolidation

~~Exploration~~These ~~Stage~~financial statements include the accounts of the Company and LRE Exploration LLC. (“LRE”), until LRE was disposed of by sale to the former president on September 10, 2012. Accordingly, the balance sheets, statements of operations and cash flows presented include the results of LRE from August 31, 2010 to September 10, 2012, and the balance sheet presented at November 31, 2013 and August 31, 2013 is solely that of Laredo Resources Corp. All significant inter-company transactions and balances have been eliminated.

~~The~~Exploration ~~Company~~Stage ~~is an exploration stage company. All losses accumulated since inception are considered part of the~~ Company~~’s exploration stage activities.~~

~~Cash~~The ~~and~~Company ~~cash~~is ~~equivalents~~an exploration stage company. All losses accumulated since inception are considered part of the Company’s exploration stage activities.

~~The~~Cash ~~Company~~and ~~considers all highly liquid instruments purchased with a maturity of three months or less to be~~ cash equivalents~~. There were no cash equivalents at May 31, 2013 or August 31, 2012.~~

The Company ~~minimizes~~considers ~~its~~all ~~credit~~highly ~~risk~~liquid ~~associated~~instruments purchased with ~~cash~~a bymaturity ~~periodically evaluating the credit quality~~ of ~~its~~three ~~primary~~months ~~financial~~or ~~institution.~~less ~~The~~to ~~balance~~be atcash ~~times may exceed federally insured limits~~equivalents. ~~At May 31, 2013, the balance did not exceed the federally insured limit.~~

~~Mineral~~The ~~Property~~Company minimizes its credit risk associated with cash by periodically evaluating the credit quality of its primary financial institution. The balance at times may exceed federally insured limits. At November 30, 2013, the balance did not exceed the federally insured limit.

~~The~~Intangible ~~Company is primarily engaged in the acquisition, exploration and development of mineral properties.~~Asset

~~Mineral~~The ~~property~~Company ~~acquisition~~has ~~costs~~applied ~~are~~the ~~capitalized~~provision inof ~~accordance~~ASC ~~with~~topic ~~FASB~~350 ~~ASC~~- ~~930,~~Intangible ~~“Extractive Activities~~-~~Mining~~ goodwill and other,” ~~when~~in ~~management~~accounting ~~has~~for ~~determined~~its ~~that~~intangible ~~probable~~asset. ~~future~~The ~~benefits~~intangible ~~consisting~~asset ofis abeing ~~contribution~~amortized toby ~~future~~the ~~cash~~straight ~~inflows~~line ~~have~~method ~~been~~on ~~identified~~the ~~and~~basis ~~adequate~~of ~~financial~~a ~~resources~~useful ~~are~~life ~~available~~of or3 ~~are~~years. ~~expected~~The tointangible beasset ~~available~~consists asof ~~required~~website todevelopment ~~meet~~costs. ~~the~~The ~~terms~~balance ofat ~~property~~November ~~acquisition~~30, ~~and~~2013 ~~budgeted~~was ~~exploration~~$11,920 and ~~development~~13,291, ~~expenditures.~~net ~~Mineral~~of ~~property~~accumulated ~~acquisition~~amortization ~~costs~~of ~~are~~$4,580 ~~expensed~~and as$3,209. ~~incurred~~Amortization ifexpense for the ~~criteria~~three ~~for~~months ~~capitalization~~period ended November 30, 2013 and 2012 are ~~not~~$1,371 ~~met.~~and $- respectively.

In the event that mineral property acquisition costs are paid with Company shares, those shares are recorded at the estimated fair value at the time the shares are due in accordance with the terms of the property agreements.F-6

Mineral ~~property~~Property ~~exploration costs are expensed as incurred.~~Option

~~When~~The itCompany ~~has~~is ~~been~~primarily ~~determined~~engaged ~~that~~in athe ~~mineral~~acquisition, ~~property~~exploration ~~can~~and bedevelopment ~~economically developed as a result~~ of ~~establishing~~mineral ~~proven and probable reserves and pre-feasibility, the costs incurred to develop such property are capitalized~~properties.

FMineral property acquisition costs are capitalized in accordance with FASB ASC 930, “Extractive Activities-7Mining,” when management has determined that probable future benefits consisting of a contribution to future cash inflows have been identified and adequate financial resources are available or are expected to be available as required to meet the terms of property acquisition and budgeted exploration and development expenditures. Mineral property acquisition costs are expensed as incurred if the criteria for capitalization are not met.

~~Estimated~~In ~~future~~the ~~removal~~event ~~and~~that ~~site~~mineral ~~restoration~~property acquisition costs, ~~when determinable~~ are ~~provided~~paid ~~over~~with ~~the~~Company ~~life of proven reserves on a units-of-production basis. Costs~~shares, ~~which~~those ~~include~~shares ~~production equipment removal and environmental remediation,~~ are ~~estimated~~recorded ~~each~~at ~~period by management based on current regulations, actual expenses incurred, and technology and industry standards. Any charge is included in exploration expense or~~ the ~~provision~~estimated ~~for~~fair ~~depletion~~value ~~and~~at ~~depreciation during~~ the ~~period~~time ~~and~~ the ~~actual~~shares ~~restoration~~are ~~expenditures~~due ~~are~~in ~~charged~~accordance towith the ~~accumulated~~terms ~~provision~~of ~~amounts~~the asproperty ~~incurred~~agreements.

ToMineral ~~date~~property ~~the~~exploration ~~Company~~costs ~~has~~are ~~not~~expensed ~~established~~as ~~any proven or probable reserves on its mineral properties~~incurred.

~~Asset~~When ~~Retirement~~it ~~Obligations~~has been determined that a mineral property can be economically developed as a result of establishing proven and probable reserves and pre-feasibility, the costs incurred to develop such property are capitalized.

~~Asset~~Estimated ~~retirement~~future ~~obligations~~removal ~~(“ARO”)~~and ~~associated~~site ~~with~~restoration ~~the~~costs, ~~retirement~~when ofdeterminable ~~a tangible long-lived asset,~~ are ~~recognized~~provided asover ~~liabilities in~~ the ~~period~~life inof ~~which~~proven itreserves ison ~~incurred~~a ~~and~~units-of-production ~~becomes~~basis. ~~determinable~~Costs, ~~with~~which aninclude ~~offsetting~~production ~~increase~~equipment inremoval ~~the~~and ~~carrying~~environmental ~~amount~~remediation, ofare ~~the~~estimated ~~associated~~each ~~assets.~~period ~~The~~by ~~cost~~management ofbased ~~tangible~~on ~~long-lived~~current ~~assets~~regulations, ~~including~~actual ~~the~~expenses ~~initially recognized ARO~~incurred, isand ~~amortized,~~technology ~~such~~and ~~that~~industry ~~the~~standards. ~~cost~~Any ofcharge ~~the ARO~~ is ~~recognized~~included ~~over~~in ~~the~~exploration ~~useful~~expense ~~life~~or of the ~~assets. The~~provision ~~ARO~~for isdepletion ~~recorded at fair value,~~ and ~~accretion~~depreciation ~~expense~~during isthe ~~recognized~~period ~~over~~and ~~time as~~ the ~~discounted~~actual ~~fair~~restoration ~~value~~expenditures isare ~~accreted~~charged to the ~~expected~~accumulated ~~settlement~~provision ~~value~~amounts as incurred.

~~The~~To ~~fair~~date ~~value of~~ the ~~ARO is measured using expected future cash flow, discounted at the~~ Company’s ~~credit-adjusted~~has ~~risk-free~~not ~~interest~~established ~~rate. As~~any ofproven ~~May~~or ~~31,~~probable ~~2013,~~reserves ~~the~~on ~~Company~~its ~~has~~mineral ~~determined no provision for ARO’s is required~~properties.

~~Intangible~~On ~~Assets~~April 4th, 2013, a related party paid $20,000 on behalf of Laredo towards the property title rights to the Pony Mountain Gold Property. There are no terms of repayment and bears no interest.

~~The~~As ~~Company~~per ~~has~~the ~~applied~~September 6th, 2013, Memorializing Agreement, Laredo negotiated the ~~provisions~~property oftitle ~~ASC~~rights ~~topic~~to ~~350~~the -Pony ~~Intangible~~Mountain -Gold ~~goodwill~~Property ~~and~~via ~~other~~a third party, inthrough ~~accounting~~the ~~for~~securitization ~~its~~of ~~intangible~~the ~~assets~~third party's payments with Laredo Series C convertible preferred stock. ~~Intangible~~Each ~~assets~~share ~~are~~of ~~being~~Series ~~amortized~~C convertible preferred stock accounts for $2.50 of value paid by ~~straight-line~~the ~~method~~third onparty. As of November 30, 2013, the ~~basis~~third party had paid $716,414 on behalf of aLaredo ~~useful~~which ~~life~~caused Laredo to issue 286,566 shares of 3Series ~~years~~C preferred stock. ~~Intangible~~These ~~assets~~shares ~~consist~~are ofheld ~~website~~as ~~development~~collateral ~~cost~~and only the company can release the shares to the third party. See Note 7 for details. The ~~balance~~total atpurchase ~~May~~price ~~31,~~for ~~2013~~these ~~was~~rights is $143,~~677~~000,000. ~~net~~However, ~~accumulated~~the ~~amortization~~Company ofdoes $1not have title to the property and,~~823~~ therefore, has only recorded payments made through November 30, 2013 toward the total purchase price in the financial statements.

~~Impairment~~Asset ofRetirement ~~Long- Lived Assets~~ Obligations

~~The~~Asset ~~Company~~retirement ~~reviews~~obligations ~~and~~(“ARO”) ~~evaluates~~associated with the retirement of a tangible long-lived ~~assets~~asset, ~~for~~are ~~impairment~~recognized ~~when~~as ~~events~~liabilities orin ~~changes~~the period in ~~circumstances~~which ~~indicate~~it ~~that~~is ~~the~~incurred ~~related~~and ~~carrying~~becomes ~~amounts~~determinable, ~~may~~with ~~not~~an beoffsetting ~~recoverable. The~~increase ~~assets~~in ~~are~~the ~~subject~~carrying toamount ~~impairment~~of ~~consideration~~the ~~under~~associated ~~FASB~~assets. ~~ASC~~The ~~360-10-35-17~~cost ifof ~~events~~tangible orlong-lived ~~circumstances~~assets, ~~indicate~~including ~~that~~the ~~their~~initially ~~carrying~~recognized ~~amount~~ARO, ~~might~~is ~~not~~amortized, besuch ~~recoverable. When~~that the ~~Company~~cost ~~determines~~of ~~that~~the anARO ~~impairment~~is ~~analysis~~recognized ~~should~~over bethe ~~done,~~useful life of the ~~analysis~~assets. ~~will~~The beARO ~~performed~~is ~~using~~recorded ~~the~~at ~~rules~~fair ofvalue, ~~FASB~~and ~~ASC~~accretion ~~930-360-35,~~expense ~~Asset~~is ~~Impairment,~~recognized ~~and~~over ~~360-0~~time ~~through~~as ~~15-5,~~the ~~Impairment~~discounted orfair ~~Disposal~~value ofis ~~Long-~~accreted ~~Lived~~to ~~Assets~~the expected settlement value.

~~Foreign~~The ~~Currency~~fair ~~Translation~~value of the ARO is measured using expected future cash flow, discounted at the Company’s credit-adjusted risk-free interest rate. As of November 30, 2013 and August 31, 2013, the Company has determined no provision for ARO’s is required.

The Company’s functional currency is the United States dollar as substantially all of the Company’s operations are in the USA. The Company uses the United States dollar as its reporting currency for consistency with registrants of the Securities and Exchange Commission (“SEC”).F-7

F Impairment of Long-8 Lived Assets

~~Assets~~The Company reviews and ~~liabilities~~evaluates ~~denominated~~long-lived assets for impairment when events or changes in acircumstances ~~foreign~~indicate ~~currency~~that the related carrying amounts may not be recoverable. The assets are ~~translated~~subject atto ~~the~~impairment ~~exchange~~consideration ~~rate~~under inFASB ~~effect~~ASC at360-10-35-17 ~~the~~if ~~balance~~events ~~sheet~~or ~~date~~circumstances ~~and~~indicate ~~capital~~that ~~accounts~~their ~~are~~carrying ~~translated~~amount atmight ~~historical~~not ~~rates~~be recoverable. ~~Income~~ ~~statement~~When ~~accounts~~the ~~are~~Company ~~translated~~determines atthat an impairment analysis should be done, the ~~average~~analysis ~~rates~~will be performed using the rules of ~~exchange~~FASB ~~prevailing~~ASC ~~during~~930-360-35, ~~the~~Asset ~~period~~Impairment, and 360- 0 through 15-5, Impairment or Disposal of Long- Lived Assets.

~~Translation~~Foreign ~~adjustments~~Currency ~~from the use of different exchange rates from period to period are included in the Accumulated Other Comprehensive Income account in Stockholders’ Equity, if applicable.~~ Translation

~~Transactions~~The ~~undertaken~~Company’s infunctional ~~currencies~~currency ~~other~~is ~~than~~ the ~~functional~~United ~~currency~~States ofdollar ~~the~~as ~~entity~~substantially ~~are~~all ~~translated~~of ~~using~~ the ~~exchange~~Company’s ~~rate~~operations are in ~~effect~~the asUSA. ofThe ~~the~~Company ~~transaction~~uses ~~date.~~the ~~Any~~United ~~exchange~~States ~~gains~~dollar ~~and~~as ~~losses~~its ~~are~~reporting ~~included~~currency infor ~~the~~consistency ~~Statement~~with registrants of ~~Operations~~the Securities and ~~Comprehensive~~Exchange ~~Loss~~Commission (“SEC”).

~~Earnings~~Assets ~~per~~and ~~share~~ liabilities denominated in a foreign currency are translated at the exchange rate in effect at the balance sheet date and capital accounts are translated at historical rates. Income statement accounts are translated at the average rates of exchange prevailing during the period.

InTranslation ~~accordance~~adjustments ~~with~~from ~~accounting guidance now codified as FASB ASC Topic 260, “Earnings per Share,” basic earnings per share (“EPS”) is computed by dividing net loss available to common stockholders by~~ the ~~weighted~~use ~~average number~~ of ~~common~~different ~~shares~~exchange ~~outstanding~~rates ~~during~~from ~~the~~ period, ~~excluding the effects of any potentially dilutive securities. Diluted EPS gives effect~~ to ~~all dilutive potential of shares of common stock outstanding during the~~ period ~~including~~are ~~stock~~included ~~options~~in ~~or warrants, using~~ the ~~treasury~~Accumulated ~~stock~~Other ~~method~~Comprehensive ~~(by~~Income ~~using~~account ~~the~~in ~~average~~Stockholders’ ~~stock price for the period to determine the number of shares assumed to be purchased from the exercise of stock options or warrants)~~Equity, ~~and convertible debt or convertible preferred stock, using the~~ if~~-converted~~ ~~method~~applicable. Diluted EPS excludes all dilutive potential of shares of common stock if their effect is anti-dilutive. As there are no common stock equivalents outstanding, diluted and basic loss per share are the same.

~~Income~~Transactions ~~Taxes~~undertaken in currencies other than the functional currency of the entity are translated using the exchange rate in effect as of the transaction date. Any exchange gains and losses are included in the statements of operations.

~~The~~Earnings ~~Company~~per uses the asset and liability method of accounting for income taxes. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statements carrying amounts of existing assets and liabilities and loss carry-forwards and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.share

~~The~~In accordance with accounting guidance now codified as FASB ASC Topic 260, “Earnings per Share,” basic earnings per share (“EPS”) is computed by dividing net loss available to common stockholders by the weighted average number of common shares outstanding during the period, excluding the effects of any potentially dilutive securities. Diluted EPS gives effect to all dilutive potential of ashares ~~change~~of incommon ~~tax~~stock ~~rules~~outstanding onduring ~~deferred~~the ~~tax~~period ~~assets~~including ~~and~~stock ~~liabilities~~options isor ~~recognized~~warrants, inusing ~~operations~~the intreasury stock method (by using the ~~year~~average stock price for the period to determine the number of ~~change~~shares assumed to be purchased from the exercise of stock options or warrants), and convertible debt or convertible preferred stock, using the if-converted method. ADiluted ~~valuation~~EPS ~~allowance~~excludes isall ~~recorded~~dilutive ~~when~~potential itof isshares ~~“more~~of ~~likely~~common stock if their effect is anti-~~than-not”~~dilutive. ~~that~~As athere ~~deferred~~are ~~tax~~no ~~asset~~common ~~will~~stock ~~not~~equivalents beoutstanding, ~~realized~~diluted and basic loss per share are the same.

~~F-9~~Income Taxes

~~Note~~The ~~4 Sale~~Company uses the asset and liability method of ~~Subsidiary~~accounting for income taxes. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statements carrying amounts of existing assets and liabilities and loss carry-forwards and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.

OnThe ~~September~~effect ~~10,~~of ~~2012,~~a ~~the~~change ~~Company~~in ~~assigned~~tax ~~all~~rules ~~membership~~on ~~units~~deferred oftax ~~LRE~~assets toand ~~the~~liabilities ~~former~~is ~~President~~recognized ofin ~~the~~operations ~~Company~~in ~~and received as consideration~~ the ~~release~~year ~~and~~of ~~discharge~~change. ofA ~~all~~valuation ~~liabilities~~allowance ~~under~~is ~~all~~recorded ~~the~~when ~~promissory~~it ~~notes~~is ~~and~~“more ~~accrued~~likely-than-not” ~~interest~~that ~~entered~~a ~~into~~deferred ~~prior~~tax toasset ~~August~~will ~~31,~~not ~~2012~~be realized.

The following table summarizes the identifiable assets and liabilities of LRE that were disposed of, the consideration received, and the loss of LRE for the period from September 1, 2012 to September 10, 2012.F-8

	September 10, 2012
Identifiable Assets and Liabilities
Accounts payable	$ (450)
Amount owed to Laredo Resources Corp	(17,550)
Net liabilities of LRE	(18,000)
Consideration Received
Settlement of accounts payable, promissory notes, and accrued interest	91,064
Elimination of accumulated losses of LRE	18,000
	109,064
Sale of subsidiary- related party	$ 91,064
Loss for the period from September 1, 2012 to September 10, 2012	$ -

Reclassifications

~~Note~~Certain ~~5 Financial~~reclassifications ~~Instruments~~have been made to prior year financial statements in order for them to be in conformity with the current year presentation. The reclassifications had no impact on change in net assets.

~~Fair~~Newly ~~value~~Issued isAccounting defined as the price that would be received upon sale of an asset or paid upon transfer of a liability in an orderly transaction between market participants at the measurement date and in the principal or most advantageous market for that asset or liability. Pronouncements

The ~~fair~~Company ~~value~~feels ~~should~~there beare ~~calculated~~no ~~based~~newly onissued ~~assumptions~~accounting pronouncements that ~~market~~will ~~participants~~materially ~~would~~impact ~~use~~its infinancial ~~pricing~~position, ~~the~~cash ~~asset~~flows or ~~liability,~~results ~~not on assumptions specific to the entity. In addition, the fair value~~ of ~~liabilities should include consideration of non-performance risk including our own credit risk~~operations.

FNote 4 -10 Financial Instruments

InFair ~~addition to defining fair~~ value, ~~the~~is ~~standard~~defined ~~expands~~as the ~~disclosure~~price ~~requirements~~that ~~around~~would ~~fair~~be ~~value~~received ~~and~~upon ~~establishes~~sale aof ~~fair~~an ~~value~~asset ~~hierarchy~~or ~~for~~paid ~~valuation~~upon ~~inputs. The~~transfer ~~hierarchy~~of ~~prioritizes~~a ~~the~~liability ~~inputs into three levels based on the extent to which inputs used~~ in ~~measuring~~an ~~fair~~orderly ~~value~~transaction ~~are~~between ~~observable in the~~ market~~. Each~~ ~~fair~~participants ~~value~~at the measurement isdate ~~reported~~and in ~~one of~~ the ~~three~~principal ~~levels~~or ~~which~~most isadvantageous ~~determined~~market byfor ~~the lowest level input~~ that isasset ~~significant~~or ~~to the fair value measurement in its entirety~~liability. ~~These levels are:~~

~~Level~~The 1fair -value ~~inputs~~should ~~are~~be calculated based ~~upon~~on ~~unadjusted~~assumptions ~~quoted~~that ~~prices~~market ~~for~~participants ~~identical~~would ~~instruments~~use ~~traded~~ in ~~active~~pricing ~~markets~~the asset or liability, not on assumptions specific to the entity. In addition, the fair value of liabilities should include consideration of non-performance risk including our own credit risk.

~~Level~~In 2addition -to ~~inputs~~defining ~~are~~fair ~~based~~value, ~~upon~~the ~~significant~~standard ~~observable~~expands ~~inputs~~the ~~other~~disclosure ~~than~~requirements ~~quoted~~around ~~prices~~fair ~~included~~value inand ~~Level~~establishes 1,a ~~such~~fair asvalue ~~quoted~~hierarchy ~~prices~~ for ~~identical~~valuation orinputs. ~~similar~~The ~~instruments~~hierarchy inprioritizes ~~markets~~the ~~that~~inputs ~~are~~into ~~not~~three ~~active,~~levels ~~and model-~~based ~~valuation~~on ~~techniques~~the ~~for~~extent to which ~~all~~inputs ~~significant~~used ~~assumptions~~in measuring fair value are observable in the market. orEach ~~can~~fair bevalue ~~corroborated~~measurement byis ~~observable~~reported ~~market~~in ~~data~~one ~~for~~of ~~substantially~~the three levels which is determined by the ~~full~~lowest ~~term~~level ofinput that is significant to the ~~assets~~fair orvalue ~~liabilities~~measurement in its entirety. These levels are:

Level 31 - inputs are ~~generally~~based ~~unobservable~~upon ~~and~~unadjusted ~~typically~~quoted ~~reflect~~prices ~~management’s~~for ~~estimates~~identical ofinstruments ~~assumptions~~traded ~~that market participants would use~~ in ~~pricing~~active ~~the asset or liability~~markets. ~~The fair values are therefore determined using model-based techniques that include option pricing models, discounted cash flow models, and similar techniques.~~

~~The~~Level ~~carrying~~2 ~~value~~- ofinputs ~~the~~are ~~Company’s~~based ~~financial~~upon ~~assets~~significant ~~and~~observable ~~liabilities~~inputs ~~which~~other ~~consist~~than ofquoted ~~cash,~~prices ~~accounts~~included ~~payable and accrued liabilities and notes payable~~ in ~~management’s~~Level ~~opinion~~1, ~~approximates~~such ~~fair~~as ~~value~~quoted ~~due~~prices tofor ~~the~~identical ~~short~~or ~~maturity~~similar ~~of such~~ instruments~~. These~~ ~~financial~~in ~~assets~~markets ~~and~~that ~~liabilities~~ are ~~valued~~not ~~using~~active, ~~level~~and 3model-based ~~inputs,~~valuation ~~except~~techniques for ~~cash~~ which isall atsignificant ~~level~~assumptions ~~1. Unless~~are ~~otherwise~~observable ~~noted,~~in itthe ismarket ~~management’s~~or ~~opinion~~can ~~that~~be ~~the~~corroborated ~~Company~~by isobservable ~~not~~market ~~exposed~~data tofor ~~significant~~substantially ~~interest,~~the ~~exchange~~full orterm ~~credit~~of ~~risks~~the ~~arising~~assets ~~from~~or ~~these financial instruments~~liabilities.

~~Note~~Level ~~6 Mineral~~3 ~~Property~~- inputs are generally unobservable and typically reflect management’s estimates of assumptions that market participants would use in pricing the asset or liability. The fair values are therefore determined using model-based techniques that include option pricing models, discounted cash flow models, and similar techniques.

OnThe ~~November~~carrying ~~30,~~value ~~2010,~~of ~~LRE~~the ~~entered~~Company’s ~~into~~financial aassets ~~property~~and ~~option~~liabilities ~~agreement~~which ~~(amended~~consist ~~April~~of 3cash, ~~2012)~~accounts ~~with~~payable ~~Arbutus~~and ~~Minerals~~accrued ~~LLC~~liabilities, ~~(“Arbutus”)~~and ~~whereby~~notes ~~the~~payable ~~Company~~in ~~was~~management’s ~~granted~~opinion anapproximates ~~option~~fair tovalue ~~earn~~due up to athe ~~100%~~short ~~interest~~maturity inof 20such ~~mineral~~instruments. ~~claims~~These ~~(the~~financial ~~“ABR~~assets ~~Claims”)~~and ~~located~~liabilities ~~approximately~~are 15valued ~~miles~~using ~~north~~level of3 ~~Elko~~inputs, ~~Nevada. Arbutus~~except ~~holds~~for ~~only~~cash ~~the~~which ~~mineral~~is ~~rights~~at tolevel ~~the~~1. ~~ABR~~Unless ~~Claims~~otherwise asnoted, ~~the~~it ~~ABR~~is ~~Claims~~management’s ~~are~~opinion onthat ~~Bureau of Land Management managed land. Consideration for~~ the ~~option~~Company ~~consists~~is ofnot ~~cash~~exposed ~~payments~~ to ~~Arbutus~~significant ~~totalling $90~~interest,~~000,~~ ~~and~~exchange ~~aggregate~~or ~~exploration~~credit ~~expenditures~~risks ofarising ~~$295,000~~from asthese ~~follows:~~financial instruments.

~~Payments~~Note to5 ~~Arbutus~~- Related Party Transactions

·During the quarter ended November 30, 2013, the Company’s CEO paid various invoices on behalf of the Company. These are shown on the balance sheet as Advances from related party and amount to $147,222.

~~$10,000 upon execution of option agreement;~~F-9

·Note 6 - Advance for Mineral Property Option

On April 4th, 2013, a related party paid $1020,000 on orbehalf ~~before~~of ~~November~~Laredo ~~30,~~towards ~~2011~~the ~~(payment~~property ~~extended~~title rights to ~~November~~the ~~30,~~Pony ~~2012);~~Mountain Gold Property. There are no terms of repayment and bears no interest.

·As per the September 6th, 2013, Memorializing Agreement, Laredo negotiated the property title rights to the Pony Mountain Gold Property via a third party, Magna Manage Ltd. (Magna), through the securitization of Magna’s payments with Laredo Series C convertible preferred stock. Each share of Series C convertible preferred stock accounts for $2.50 of value paid by Magna on behalf of Laredo. As of November 30, 2013, Magna had paid $716,414 on behalf of Laredo which caused Laredo to issue 286,566 shares of Series C preferred stock. These shares are held as collateral and only the company can release the shares to Magna. See Note 7 for details. The total purchase price for these rights is $3,000,000. However, the Company does not have title to the property and, therefore, has only recorded payments made through November 30, 2013 toward the total purchase price in the financial statements.

~~$20,000~~Note on7 or- ~~before~~Convertible ~~November~~Note ~~30,~~Payable ~~2012; and~~

·On November 30, 2013, the Company issued a convertible promissory note to a third party, with a principal amount totaling $14,300. The note is due and payable in full on demand, and bears ten percent interest per annum. At any time prior to the payment in full of the entire balance of the notes, the creditor has the option of converting all or any portion of the unpaid balance of the note into shares of common stock at a conversion price equal to $0.00001 per share, subject to adjustment upon certain events and not exceed 4.99% of the total issued and outstanding shares of common stock. Assuming no adjustment to the conversion price, if the entire principal balance was converted, 8,907,150 (limited by 4.99% of the common shares issued and outstanding) shares of the Company’s common stock would be issued.

The Company evaluated the terms of the notes and concluded that the notes did not result in a derivative; however, the Company concluded that there was a beneficial conversion feature since the notes were convertible into shares of common stock at a discount to the market value of the common stock. The discount related to the beneficial conversion feature was valued at $5014,~~000~~300 at inception based on orthe ~~before~~intrinsic value of the discount. The discount was fully amortized at November 30, 2013 due to the short-term nature of the notes. For the three months ended November 30, 2013, $14,300 was charged to interest expense associated with the amortization of the debt discount.

FNote 8 -11 Capital Stock

~~Exploration~~On ~~Expenditures~~September 17, 2013, the Company created the following series of Preferred

Series	Number of Authorized Shares		Par Value

Convertible Preferred Stock A		100	$	0.001
Preferred Stock B		10,000,000	$	0.001
Convertible Preferred Stock C		10,000,000	$	0.0001
Preferred Stock D		10,000,000	$	.001

~~$15,000 in aggregate exploration expenditures prior to November 30, 2012;~~Stock:

·Each share of Series A preferred stock is convertible into the number of shares of common stock equal to four times the sum of all shares of common stock issued and outstanding plus all shares of Series B, C and D preferred stock issued and outstanding divided by the number of shares of Series A preferred stock issued and outstanding at the time of conversion.

~~$65,000 in aggregate exploration expenditures prior to November 30, 2013; and~~F-10

·Each share of Series C preferred stock is convertible into the number of shares of the Company’s common stock equal to the price of the Series C preferred stock stated in the Company’s amended certificate of incorporation divided by the par value of Series C preferred stock. Shares of Series C preferred stock may not be converted into shares of common stock for a period of six months. The holders of Series B preferred stock are entitled to receive dividends when, and if declared by the Board of Directors, in its sole discretion. Upon liquidation, dissolution or winding up of the corporation, whether voluntarily or involuntarily, before any distribution or payment shall be made to the holders of any stock ranking junior to the Series C preferred stock, the holders of the Series C preferred stock are entitled to be paid out of the assets of the corporation an amount equal to $1.00 per share or in the event of an aggregate subscription by a single subscriber for Series C preferred stock in excess of $100,000, $0.997 per share (as adjusted for any stock dividends, combinations, splits and recapitalization), plus all declared but unpaid dividends, for each share of Series C preferred stock held. After the payment of the full applicable preference value of each share of the Series C preferred stock, the remaining assets of the corporation legally available for distribution, if any, will be distributed ratably to the holders of the corporation’s common stock.

~~$215~~The Company also changed the number of authorized shares of common stock to 1,~~000~~969,999,900 inand ~~aggregate~~changed ~~exploration~~the ~~expenditures~~par ~~prior~~value from $.001 to ~~November~~$.00001. ~~30,~~All ~~2014~~disclosures have been restated to reflect the change in par value.

~~As at August 31~~286,566 ~~2012,~~shares ~~the~~of ~~Company~~Series ~~had~~C ~~incurred~~convertible ~~$10,000~~preferred instock ~~acquisition~~was ~~costs~~issued ~~and~~during ~~accrued~~the anquarter ~~additional~~ended ~~$10~~November 30,~~000~~ in2013 ~~the~~as ~~form~~repayment of ~~option~~Magna’s ~~payments~~$716,414 toof ~~Arbutus~~payments ~~per~~on the ~~option~~Pony ~~agreement~~property. ~~When~~The aCompany ~~property~~determined ~~reaches~~there ~~the~~is ~~production~~no ~~stage,~~derivative ~~the~~associated ~~related~~with ~~capitalized~~this ~~costs~~issuance ~~will~~as ~~be amortized, using~~ the ~~units~~shares of ~~production~~stock ~~method~~must onbe ~~the~~held ~~basis~~for ofat ~~periodic~~least ~~estimates~~six ofmonths ~~ore~~in ~~reserves,~~order ~~currently~~to nobe ~~property~~converted ~~has~~into ~~reached~~common ~~the production stage~~stock. ~~When~~In addition, the Company ~~has~~determined ~~capitalized~~there ~~mineral~~will ~~properties,~~be ~~these~~no ~~properties~~value ~~will~~for bethese ~~periodically~~shares ~~assessed~~shown ~~for~~on ~~impairment~~the offinancial ~~value~~statements ~~and~~as ~~any~~these ~~diminution~~shares inare ~~value.~~held as

~~From~~collateral ~~Inception~~related ~~(August 17, 2010)~~ to ~~August 31, 2012,~~ the ~~Company~~Pony ~~had~~property ~~incurred~~purchase ~~an aggregate amount of $4,500 for geological surveys, which are considered geological~~ and ~~geophysical~~only ~~costs~~the ~~which~~Company ~~are~~can ~~expensed~~release ~~when~~the ~~incurred~~shares.

~~During~~Note ~~August~~9 ~~2012,~~- ~~the~~Subsequent ~~Company~~Events abandoned the property and all property option costs incurred were written off. The Company also negotiated the forgiveness of $10,000 which was due pursuant to the property option agreement on November 30, 2012.

OnIn ~~November~~accordance ~~2, 2012, the Company entered into a letter agreement~~ with ~~Magna~~ASC ~~Management~~855-10, ~~Ltd.~~management ~~(“Magna”)~~has ~~whereby~~evaluated ~~the~~subsequent ~~Company~~events ~~was~~through ~~granted~~ the ~~exclusive~~date ~~right, for a period of sixty days, to negotiate for~~ the ~~acquisition~~financial ofstatements ~~all~~were ~~rights held by Magna in a mineral Property known as Pony Gold Mountain located in southwestern Montana~~issued.

~~The~~There ~~definitive~~are ~~agreement~~no ~~for~~subsequent ~~our~~events acquisition is in the process of being completed. At this time, the deadline for closing has been informally extended pending completion and signature of the definitive agreement. Should the acquisition be completed as contemplated the Company will pay $3,000,000 in quarterly instalments of $250,000 and is subject to ~~a 2% net smelter royalty~~disclose. ~~During the current quarter, the company has incurred expenses of $30,000 in relation to the negotiation of this agreement.~~

~~Note 7 Related Party Transactions~~F-11

~~All~~Item ~~related~~2. ~~party~~Management’s ~~transactions~~Discussion ~~have~~and ~~been~~Analysis ~~measured at the exchange value which was the amount~~ of ~~consideration~~Financial ~~established~~Condition and ~~agreed~~Results toof byOperations ~~the related parties.~~

~~As at May 31, 2013, accounts payable and accrued liabilities includes $66,436 (August 31, 2012~~ Forward-Looking ~~$nil)~~Statements ~~owing to the President.~~

~~During~~Certain statements, other than purely historical information, including estimates, projections, statements relating to our business plans, objectives, and expected operating results, and the ~~nine~~assumptions ~~month~~upon ~~period~~which ~~ended~~those ~~May~~statements 31are based, ~~2013~~are “forward-looking statements.” These forward-looking statements generally are identified by the words “believes,” “project,” “expects,” “anticipates,” “estimates,” “intends,” “strategy,” “plan,” “may,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from the ~~Company~~forward-looking ~~incurred~~statements. ~~management~~Our ~~fees~~ability to predict results or the actual effect of ~~$57~~future plans or strategies is inherently uncertain. Factors which could have a material adverse affect on our operations and future prospects on a consolidated basis include,~~400~~ ~~owing~~but are not limited to: ~~the~~changes ~~Company’s~~in ~~President~~economic conditions, legislative/regulatory changes, availability of capital, interest rates, competition, and generally accepted accounting principles. These risks and uncertainties should also be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements.

~~On September 10, 2012, the~~ Company ~~issued~~Overview a promissory note of $20,000 to a Company controlled by the Company’s newly appointed president and received $20,000 cash in exchange. The promissory note is unsecured, bears interest at 6% per annum, and matures on September 10, 2013. During the nine month period ended May 31, 2013, the Company accrued $856 of interest expense in respect of this note payable. Total accrued interest on this note as of May 31, 2013 was $856 (August 31, 2012 - $nil).

We were incorporated on August 17, 2010, under the laws of the state of Nevada. We were originally engaged in the exploration of certain mineral claims located in Elko County, Nevada. On September 10, 2012, we entered into an Agreement of Conveyance, Transfer and Assignment of Membership Interests and Assumption of Obligations (the ~~Company~~“Agreement”) ~~assigned~~with our former sole officer and director, Ruth Cruz Santos. Pursuant to the Agreement, we transferred all membership ~~units~~interests ofin our operating subsidiary, LRE Exploration LLC, to ~~the~~Ms. ~~former~~Santos. ~~President~~In exchange for this assignment of ~~the~~membership ~~Company~~interests, Ms. Santos agreed to assume and ~~received~~cancel asall ~~consideration~~liabilities ~~the~~relating ~~release~~to ~~and~~our ~~discharge~~former business of ~~all~~exploring ~~liabilities~~certain ~~under~~mining claims located in Elko County, Nevada. In addition, Ms. Santos agreed to release all ~~the~~liability under certain promissory notes due and ~~accrued~~owing ~~interest~~ to ~~the~~her. ~~date~~As a result of the ~~transaction. As~~Agreement, atwe ~~September~~are ~~10,~~no ~~2012,~~longer ~~this~~pursuing ~~amount~~the ~~aggregated~~mineral ~~$90~~exploration opportunities located in Elko County,~~614.~~ Nevada.

FWe are currently pursuing a new mineral exploration opportunities under the direction of new management. On November 2, 2012, we entered into a letter agreement with Magna Management Ltd. (“Magna”) under which we have been granted the exclusive right, for a period of sixty (60) days, to negotiate for the purchase of all rights held by Magna in the mineral property known as Pony Mountain Gold, located in the Mineral Hills District (commonly called the Pony District) in southwestern Montana. By agreement with the Magna, the option period has been extended to February 20, 2013. During the exclusive negotiation period, we will have access to all documentation and information regarding the title and geology of the property and any other information necessary for the completion of our due diligence. We anticipate that our purchase of Magna’s rights to the property, if consummated, would be made through a combination of cash payment and issuance of common stock, with the rights being assigned to a wholly-12owned subsidiary to be formed. Pricing and other details of the potential acquisition of Magna’s rights are the subject of ongoing negotiations.

On ~~May~~September 216, ~~2012~~2013, the Company ~~President~~memorialized ~~loaned~~the ~~$10~~previous November 2,~~000~~ to2012, ~~the~~MOU ~~Company~~agreement ~~and~~with ~~the~~Magna ~~Company~~under ~~issued~~which awe ~~promissory~~have ~~note~~been ingranted the ~~amount~~rights ofafforded ~~$10,000. The~~to ~~promissory~~Magna ~~note~~as isthe ~~unsecured,~~denoted ~~bears~~Buyer ~~interest~~pursuant atto 6%the ~~per~~CONTRACT ~~annum,~~FOR ~~and~~DEED ~~matures~~FOR onSALE ~~May~~AND 31PURCHASE OF MINING PROPERTY agreement, ~~2014. Total~~entered ~~accrued~~into ~~interest~~between onMagna ~~this~~and ~~note~~the asSellers ofon ~~September~~August 101, ~~2012~~2013, ~~was~~regarding ~~$286~~the Pony Mountain Gold mineral property.

OnThe ~~March~~Pony ~~20,~~Mountain ~~2012,~~Gold ~~the~~property ~~Company~~is ~~President~~comprised ~~loaned~~of ~~$7,500~~an toapproximately ~~the~~4000-acre ~~Company~~package ~~and~~of properties, assembled over the ~~Company~~years ~~issued~~by a ~~promissory~~local ~~note~~family inand ~~the~~local ~~amount~~geologist. ofThe $7property contains several previously-mined,~~500. The~~ ~~promissory~~underground ~~note~~hard-rock isvein ~~unsecured~~systems, ~~bears~~such ~~interest~~as atthe 6%Mountain ~~per~~Cliff, ~~annum~~Strawberry-Keystone, Amy, and ~~matures~~Atlantic-Pacific on(A-P) ~~March~~mines. 31Historically, ~~2013.~~the ~~Total~~Pony ~~accrued~~Mountain ~~interest~~Gold onproperty ~~this~~has ~~note~~been asproductive, ofand ~~September~~we ~~10,~~believe ~~2012~~it ~~was~~has ~~$214~~potential for new productivity.

On November 22, 2011, the Company President loaned $15,000 to the Company and the Company issued a promissory note in the amount of $15,000. The promissory note is unsecured, bears interest at 6% per annum, and matures on November 30, 2013. Total accrued interest on this note as of September 10, 2012 was $722.4

OnIn ~~September~~the ~~13,~~event ~~2011~~that we acquire Magna’s rights to the Pony Mountain Gold property, we will assume Magna’s rights and duties under a Memorandum of Understanding between Magna and the ~~Company~~various ~~President~~owners ~~loaned~~of ~~$15~~the property (the “MOU”). As the assignee of Magna’s rights under the MOU,~~000~~ we would be entitled to ~~the~~exclusive ~~Company~~proprietary ~~and~~marketing rights for the ~~Company~~property ~~issued~~in aexchange ~~promissory~~for ~~note~~total payments of $3,000,000 to be made in ~~the~~quarterly ~~amount~~installments of $15250,000 each. ~~The~~ ~~promissory~~All ~~note~~net isrevenues ~~unsecured,~~received ~~bears~~from ~~interest~~third-party atprocessors 6%of ~~per~~material ~~annum,~~mined from the property will be paid to the owners of the property and ~~matures~~applied onto ~~September~~the ~~30,~~total ~~2013~~purchase price until paid in full. ~~Total~~ ~~accrued~~The ~~interest~~owners onwill ~~this~~retain ~~note~~a asperpetual 2% net smelter royalty. Closing of ~~September~~the ~~10,~~transaction ~~2012~~contemplated ~~was~~by ~~$895~~the MOU will be documented under a definitive Mining Lease and Option Agreement.

OnMagna ~~August~~has ~~22,~~engaged ~~2011~~Moen Excavating, LLC to take and prepare samples from dumps located on the ~~Company~~Pony ~~President~~Mountain ~~loaned~~Gold $4property,~~000~~ to coordinate laboratory testing of samples taken from the ~~Company~~property, and ~~the~~to ~~Company~~conduct ~~issued~~negotiations awith ~~promissory~~the ~~note~~Golden inSunlight-Barrick mill for the ~~amount~~processing of ~~$4,000~~material from the property. ~~The~~ ~~promissory~~Magna ~~note~~has isalso ~~unsecured,~~agreed ~~bears~~to ~~interest~~engage atMoen 6%Excavating ~~per~~for ~~annum,~~all ~~and~~surface ~~matures~~work on ~~August~~the ~~31,~~property ~~2013~~and for the future hauling of dump material from the property to the mill. ~~Total~~In ~~accrued~~the ~~interest~~event onthat ~~this~~we ~~note~~are asassigned ofMagna’s ~~September~~rights 10to the property, ~~2012~~we ~~was~~plan ~~$253~~to continue the engagement with Moen Excavating as Magna’s assignee.

OnResults ~~May~~of ~~10,~~Operations ~~2011,~~for the ~~Company~~three ~~President~~months ~~loaned~~ended ~~$10~~November 30,~~000~~ to2013 ~~the~~and ~~Company~~2012 and ~~the~~for ~~Company issued a promissory note in~~ the ~~amount~~period offrom ~~$10,000. The~~Inception ~~promissory~~(August ~~note is unsecured~~17, ~~bears~~2010) ~~interest~~through atNovember ~~6% per annum~~30, ~~and matures on May 31,~~ 2013. ~~Total accrued interest on this note as of September 10, 2012 was $803.~~

OnWe ~~February~~have 15had no revenue for the three months ended November 30, ~~2011~~2013 and November 30, 2012, or for the ~~Company~~period ~~President~~from ~~loaned~~Inception (August 17, 2010) through November 30, 2013. Our total expenses and net loss for the three months ended November 30, 2013 were $1060,~~000~~563. toOur expenses during the ~~Company~~period consisted of accounting and audit fees of $6,015, loss on foreign exchange, legal fees of $2,139, and transfer and filing fees of $1,061, general and administrative expenses of $1,077, management fees of $48,900 and amortization of website $1,371. By comparison, our total expenses and net loss for the ~~Company~~three ~~issued~~months aended ~~promissory~~November ~~note~~30, in2012 were $69,454. Our expenses for the ~~amount~~period consisted of audit and accounting fees of $109,476, a loss on foreign exchange of $54, legal fees of $21,684, general and administrative expenses of $1,558 and $16,000 in management fees and transfer and filing fees of $20,682. ~~The~~ ~~promissory~~Our ~~note~~total isexpenses ~~unsecured~~and net loss for the period from Inception (August 17, ~~bears~~2010) ~~interest~~through atNovember 6%30, ~~per~~2013 ~~annum~~were $407,315consisting of accountings and ~~matures~~audit fees of $70,241, loss on ~~February~~foreign 28exchange of $790, ~~2013.~~legal ~~Total~~fees ~~accrued~~of ~~interest~~$84,937, ontransfer ~~this~~and ~~note~~filing asfees of ~~September~~$37,077, 10general and administrative expenses of $49,990, ~~2012~~management ~~was~~fees of $~~941~~125,200, mineral property exploration cost of $14,500, amortization of $4,580 and impairment of mineral property of $20,000.

OnLiquidity ~~September 2, 2010, the Company President loaned $15,000 to the Company~~ and ~~the~~Capital ~~Company~~Resources issued a promissory note in the amount of $15,000. The promissory note is unsecured, non-interest bearing, and matures on September 30, 2012. The Company recorded a capital contribution of $1,822 in respect of the imputed interest charged on this note payable, on September 10, 2012.

OnAs ~~March~~of 5November 30, 2013, ~~the~~we ~~company~~had ~~entered~~total ~~into~~current aassets ~~financing~~of ~~agreement~~$693, ~~with~~consisting ~~IBK~~of ~~Capital Corp~~cash. ~~for~~Our ~~obtaining~~total ~~financing~~current ~~for~~liabilities ~~the~~as ~~company. Under the terms~~ of ~~the~~November ~~agreement~~30, ~~IBK~~2013 ~~Capital~~were ~~Corp.~~$1,059,664, ~~will~~and ~~endeavour~~consisted toof ~~obtain~~ a ~~private~~related ~~placement~~party ofnote uppayable toof $~~2.5~~20,000, ~~million~~and ~~units~~accounts ofpayable ~~common shares~~ and ~~common~~accrued ~~share~~liabilities ~~purchase~~of ~~warrants~~$160,272, ornote ~~some~~payable ~~other~~of ~~acceptable~~$14,300, ~~financing~~accrued ~~arrangement.~~interest ~~IBK~~of ~~Capital~~$1,456, ~~Corp.~~amount ~~will~~payable ~~charge~~to arelated ~~non-refundable~~party ~~work~~for ~~fee~~expenses ofincurred ~~$25,000~~on ~~for~~behalf of the ~~agreement~~Company ~~period~~and ofmanagement ~~six~~fees ~~months, out~~ of ~~which,~~ $12147,~~500~~222 isand amount payable onto ~~signing~~a ofthird ~~the~~party ~~agreement~~entity ~~and~~against ~~balance~~purchase ~~within~~of 30mining ~~days.~~rights ~~During the three months ended May 31~~$716,414. ~~2013,~~We ~~the~~had ~~Company~~a ~~has~~working ~~recorded~~capital ~~expense~~deficit of $121,~~500~~058,971 ~~related~~as toof ~~this~~November ~~agreement~~30, 2013.

~~F-13~~Operating activities used $20,001 in net cash during the three months ended November 30, 2013. Operating activities used $19,666 in net cash during the three months ended November 30, 2012. From Inception (August 17, 2010) through November 30, 2013, operating activities used a total of $87,292 in net cash. Our net losses during these periods were the primary negative components of our operating cash flows. Financing activities generated cash of $0 during the three months ended November 30, 2013, as against $20,000 during the three months ended November 30, 2013 and $134,485 from inception (August 17, 2010) through November 30, 2013. The source of this cash was the proceeds of related party notes payable, as well as the sale of capital stock.

~~Note 8 Financing Arrangement~~5

OnAs ~~March~~discussed 5above, ~~2013,~~we will require financing in the ~~company~~amount ~~entered~~of ~~into~~$3,000,000 ato ~~financing~~complete ~~agreement~~our ~~with~~planned ~~IBK~~acquisition ~~Capital~~of ~~Corp~~the Pony Mountain Gold property. ~~for~~Also, ~~obtaining~~significant ~~finance~~additional ~~for~~financing ~~the~~may ~~company.~~be ~~According~~required in order to commence the ~~said~~active ~~agreement,~~production ~~IBK~~of ~~Capital~~precious ~~Corp~~metals on those mining claims. ~~will~~We ~~endeavour~~intend to ~~obtain~~fund aour ~~private~~acquisition ~~placement~~ of upthe toPony ~~$2.5~~Mountain ~~million~~Gold ofproperty ~~units~~rights, ofas ~~common~~well ~~shares~~as ~~and~~our ~~common~~initial ~~share~~operations, ~~purchase~~through ~~warrants~~debt and/or ~~some~~equity ~~other acceptable~~ financing ~~arrangement~~arrangements. ~~IBK~~We ~~Capital~~do ~~Corp.~~not ~~will~~have ~~charge~~any aformal ~~non-refundable~~commitments ~~work~~or ~~fee~~arrangements for the sales of ~~$25,000~~stock ~~for~~or the ~~agreement~~advancement ~~period~~or loan of ~~six~~funds ~~months,~~at ~~out~~this oftime. ~~which,~~There ~~$12,500~~can isbe ~~payable~~no onassurance ~~signing~~that ofsuch ~~the~~additional ~~agreement~~financing ~~and~~will ~~balance~~be ~~within~~available 30to ~~days.~~us Ason atacceptable ~~May 31~~terms, ~~2013~~in noamounts ~~financing~~sufficient ~~has~~to ~~been~~fund ~~raised~~our ~~and~~planned aacquisitions ~~total~~and ofother ~~$12~~activities,~~500~~ ~~has~~or ~~been~~at ~~expensed under professional fees~~all.

~~Note~~Off ~~9 Capital~~Balance ~~Stock~~Sheet Arrangements

~~Issued:~~As of November 30, 2013, there were no off balance sheet arrangements.

OnGoing ~~August~~Concern ~~19, 2010, the Company issued 100,000,000 post split shares of common stock to the Company’s former president at $0.000156 per share for total proceeds of $15,625.~~

OnWe ~~August~~have ~~27,~~negative ~~2010~~working capital, ~~the~~have ~~Company~~incurred ~~issued~~losses 78since inception,~~500,000~~ ~~post~~and ~~split~~have ~~shares~~not ofyet ~~common~~received ~~stock~~revenues atfrom $0options on out property.~~000157~~ ~~per~~These ~~share~~factors ~~for~~create ~~total~~substantial ~~proceeds~~doubt ofabout ~~$12,560~~our ~~pursuant~~ability to continue as a ~~private~~going ~~placement~~concern. The ~~Company~~financial ~~paid~~statements ~~commissions~~do ofnot ~~$200~~include ~~for~~any ~~net~~adjustment ~~proceeds~~that ofmight ~~$12,360~~be necessary if we are unable to continue as a going concern.

~~All~~Our ~~references~~ability into ~~these~~continue ~~financial~~as ~~statements~~a togoing ~~number~~concern ofis ~~common~~dependent ~~shares,~~on ~~price~~generating ~~per~~cash ~~share~~from ~~and~~the ~~weighted~~sale ~~number~~ of our common ~~shares~~stock ~~outstanding~~and/or ~~prior~~obtaining todebt 50financing toand 1attaining ~~stock~~future ~~split~~profitable onoperations. ~~October~~Management’s ~~30,~~plans ~~2012~~include ~~have~~selling ~~been~~our ~~adjusted~~equity securities and obtaining debt financing to ~~reflect~~fund ~~this~~our ~~stock~~capital ~~split~~requirement onand aongoing ~~retroactive~~operations; ~~basis~~however, ~~unless~~there ~~otherwise~~can ~~noted~~be no assurance we will be successful in these efforts.

~~Note 10 Proposed~~Item ~~Transaction~~3. Quantitative and Qualitative Disclosures About Market Risk

OnA ~~November~~smaller 2,reporting ~~2012,~~company ~~the~~is ~~Company~~not ~~entered~~required ~~into a letter agreement with Magna Management Ltd. (“Magna”) whereby the Company was granted the exclusive right, for a period of sixty days,~~ to ~~negotiate~~provide ~~for~~ the ~~acquisition~~information ofrequired ~~all rights held~~ by ~~Magna~~this ~~in a mineral Property known as Pony Gold Mountain located in southwestern Montana~~Item.

The definitive agreement for our acquisition is in the process of being completed. At this time, the deadline for closing has been informally extended pending completion and signature of the definitive agreement. Should the acquisition be completed as contemplated the Company will pay $3,000,000 in quarterly instalments of $250,000 and is subject to a 2% net smelter royalty.6

~~During~~Item ~~the~~4. ~~current~~Controls ~~quarter,~~and ~~the~~Procedures ~~Company has incurred expenses of $30,000 in relation to the negotiation of said agreement.~~

FWe carried out an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Exchange Act Rules 13a-1415(e) and 15d-15(e) as of November 30, 2013. This evaluation was carried out under the supervision and with the participation of our Chief Executive Officer and our Chief Financial Officer, Mr. Robert Gardner.

~~Item~~Disclosure 2.controls ~~Management’~~and procedures are controls and other procedures that are designed to ensure that information required to be disclosed in our reports filed or submitted under the Exchange Act are recorded, processed, summarized and reported, within the time periods specified in the SEC's ~~Discussion~~rules and ~~Analysis~~forms. ofDisclosure ~~Financial~~controls ~~Condition~~and procedures include, without limitation, controls and ~~Results~~procedures ofdesigned ~~Operations~~to ensure that information required to be disclosed in our reports filed under the Exchange Act is accumulated and communicated to management, including our Chief Executive Officer and Chief Financial Officer, to allow timely decisions regarding required disclosure.

~~Forward-Looking~~Based ~~Statements~~upon that evaluation, including our Chief Executive Officer and Chief Financial Officer, we have concluded that our disclosure controls and procedures were effective as of the end of the period covered by this quarterly report. Management has confirmed all payments by third parties and provided the necessary information and disclosure to validate and address any weakness in the Company’s internal control over financial reporting and have addressed all material weaknesses.

~~Certain~~Limitations statements, other than purely historical information, including estimates, projections, statements relating to our business plans, objectives, and expected operating results, and the assumptions upon which those statements are based, are “forward-looking statements.” These forward-looking statements generally are identified by the words “believes,” “project,” “expects,” “anticipates,” “estimates,” “intends,” “strategy,” “plan,” “may,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are based on ~~current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from~~ the ~~forward-looking~~Effectiveness ~~statements. Our ability to predict results or the actual effect~~ of ~~future~~Internal plans or strategies is inherently uncertain. Factors which could have a material adverse affect on our operations and future prospects on a consolidated basis include, but are not limited to: changes in economic conditions, legislative/regulatory changes, availability of capital, interest rates, competition, and generally accepted accounting principles. These risks and uncertainties should also be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements.Controls

Our management does not expect that our disclosure controls and procedures or our internal control over financial reporting will necessarily prevent all fraud and material error. Our disclosure controls and procedures are designed to provide reasonable assurance of achieving our objectives and our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures are effective at that reasonable assurance level. Further, the design of a control system must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to their costs. Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within the Company ~~Overview~~have been detected. These inherent limitations include the realities that judgments in decision-making can be faulty, and that breakdowns can occur because of simple error or mistake. Additionally, controls can be circumvented by the individual acts of some persons, by collusion of two or more people, or by management override of the internal control. The design of any system of controls also is based in part upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions. Over time, control may become inadequate because of changes in conditions, or the degree of compliance with the policies or procedures may deteriorate.

We were incorporated on August 17, 2010, under the laws of the state of Nevada. We are currently pursuing a mineral exploration opportunity in Montana. On November 2, 2012, we entered into a letter agreement with Magna Management Ltd. (“Magna”) under which we have been granted the exclusive right, for a period of sixty (60) days, to negotiate for the purchase of all rights held by Magna in the mineral property known as Pony Mountain Gold, located in the Mineral Hills District (commonly called the Pony District) in southwestern Montana. By agreement with the Magna, the option period was extended to February 20, 2013. The definitive agreement for our acquisition is in the process of being completed. At this time, the deadline for closing has been informally extended pending completion and signature of the definitive agreement. During the exclusive negotiation period, we will have access to all documentation and information regarding the title and geology of the property and any other information necessary for the completion of our due diligence. We anticipate that our purchase of Magna’s rights to the property, if consummated, would be made through a combination of cash payment and issuance of common stock, with the rights being assigned to a wholly-owned subsidiary to be formed. Pricing and other details of the potential acquisition of Magna’s rights are the subject of ongoing negotiations.7

~~The~~PART ~~Pony~~II ~~Mountain Gold property is comprised of an approximately 4000~~-~~acre~~ ~~package~~OTHER of properties, assembled over the years by a local family and local geologist. The property contains several previously-mined, underground hard-rock vein systems, such as the Mountain Cliff, Strawberry-Keystone, Amy, and Atlantic-Pacific (A-P) mines. Historically, the Pony Mountain Gold property has been productive, and we believe it has potential for new productivity. Recently, thirty-eight additional mining claims have been added to the property. They were located and physically staked by Gene Nellis, a geologist, and his staking crew, under contract with Magna. As a result, the total package under option amounts to 110 unpatented mining claims.INFORMATION

InItem the event that we acquire Magna’s rights to the Pony Mountain Gold property, we will assume Magna’s rights and duties under a Memorandum of Understanding between Magna and the various owners of the property (the “MOU”)1. AsLegal the assignee of Magna’s rights under the MOU, we would be entitled to exclusive proprietary marketing rights for the property in exchange for total payments of $3,000,000 to be made in quarterly installments of $250,000 each. All net revenues received from third-party processors of material mined from the property will be paid to the owners of the property and applied to the total purchase price until paid in full. The owners will retain a perpetual 2% net smelter royalty. Closing of the transaction contemplated by the MOU will be documented under a definitive Mining Lease and Option Agreement.Proceedings

~~Magna~~We ~~has~~are ~~engaged~~not ~~Moen~~a ~~Excavating,~~party ~~LLC~~ to ~~take~~any ~~and~~pending ~~prepare~~legal ~~samples~~proceeding. ~~from~~We ~~dumps~~are ~~located~~not onaware ~~the~~of ~~Pony~~any ~~Mountain~~pending ~~Gold~~legal ~~property,~~proceeding to ~~coordinate~~which ~~laboratory~~any ~~testing~~ of ~~samples~~our ~~taken~~officers, ~~from the property~~directors, ~~and~~or toany ~~conduct~~beneficial ~~negotiations~~holders ~~with~~of ~~the~~5% ~~Golden~~or ~~Sunlight-Barrick~~more ~~mill for the processing~~ of ~~material~~our ~~from~~voting ~~the~~securities ~~property.~~are ~~Magna~~adverse ~~has also agreed~~ to ~~engage~~us ~~Moen~~or ~~Excavating~~have ~~for~~a ~~all surface work on the property and for the future hauling of dump~~ material ~~from~~interest ~~the~~adverse ~~property~~ to ~~the mill~~us. ~~In the event that we are assigned Magna’s rights to the property, we plan to continue the engagement with Moen Excavating as Magna’s assignee.~~

4Item 1A. Risk Factors

~~Results~~A ofsmaller ~~Operations~~reporting ~~for~~company ~~the~~is ~~three~~not ~~and~~required ~~nine~~to ~~months~~provide ~~ended May 31, 2013 and May 31, 2012 and for~~ the ~~period~~information ~~from~~required ~~Inception~~by ~~(August~~this ~~17, 2010) through May 31, 2013~~Item.

WeItem ~~have had no revenue for the three and nine months ended May 31, 2013 and May 31, 2012, or for the period from Inception (August 17, 2010) through May 31, 2013~~2. ~~Our~~Unregistered ~~total~~Sales ~~expenses and net loss for the three months ended May 31, 2013 were $100,176. Our expenses during the period consisted~~ of ~~amortization~~Equity ~~expense~~Securities ~~of $1,823, accounting~~ and ~~audit~~Use ~~fees~~ of ~~$6,084,~~Proceeds a loss on foreign exchange of $3, legal fees of $4,569, general and administrative expenses of $53,939, mineral property exploration costs of $30,000, transfer and filing fees of $3,458 and interest expense of $300. By comparison, our total expenses and net loss for the three months ended May 31, 2012 were $12,474. Our expenses for the period consisted of audit and accounting fees of $5,170, a loss on foreign exchange of $1, legal fees of $4,268, general and administrative expenses of $1,561, transfer and filing fees of $250, and interest expense of $1,224.

Our total expenses and net loss for the nine months ended May 31, 2013 were $209,504. Our expenses during the period consisted of amortization expense of $1,823, accounting and audit fees of $21,584, a gain on foreign exchange of $2,324, legal fees of $35,388, general and administrative expense of $95,842, mining property exploration costs of $30,000, transfer and filing fees of $26,194, and interest expense of $997. By comparison, our total expenses and net loss for the nine months ended May 31, 2012 were $36,530. Our expenses for the period consisted of audit and accounting fees of $15,720, a loss on foreign exchange of $5, legal fees of $9,194, general and administrative expenses of $4,750, transfer and filing fees of $3,810, and interest expense of $3,051.None

~~Our~~Item ~~total expenses and net loss for the period from Inception (August 17, 2010) through May 31, 2013 were $329,974~~3. ~~Our~~ ~~expenses~~Defaults ~~and~~upon ~~net~~Senior ~~loss~~Securities have increased during the three and nine months ended May 31, 2013 due to our preparations to acquire the Pony Mountain Gold Property, which is significantly larger and more complex than our former mining claims in Elko County, Nevada. Our expenses during the period from Inception (August 17, 2010) through May 31, 2013 consisted of amortization expense of $1,823, accounting and audit fees of $56,226, a gain on foreign exchange of $1,539, legal fees of $78,937, general and administrative expense of $108,809, mining property exploration costs of $34,500, transfer and filing fees of $34,426, impairment of mineral property option of $20,000 and interest expense of $6,792. We expect that our expenses will continue to increase as we proceed with our plan of operations.

~~Liquidity and Capital Resources~~None

AsItem ~~of May 31, 2013, we had total current assets of $763, consisting entirely of cash~~4. ~~Our~~Mine ~~total~~Safety ~~current~~Disclosures liabilities as of May 31, 2013 were $224,543, and consisted of a related party note payable of $20,000, accrued interest due to a related party of $856, accounts payable and accrued liabilities of $137,251, and accounts payable to a related party of $66,436. We had a working capital deficit of $223,780 as of May 31, 2013.

~~Operating~~Not ~~activities used $3,105 in net cash during the nine months ended May 31, 2013~~applicable. From Inception (August 17, 2010) through May 31, 2013, operating activities used a total of $107,222 in net cash. Our net losses during these periods were the primary negative components of our operating cash flows. Investing activities used $16,500 during the nine months ended May 31, 2013, and $26,500 from inception (August 17, 2010) through May 31, 2013. Financing activities generated cash of $20,000 during the nine months ended May 31, 2013, and $134,485 from inception (August 17, 2010) through May 31, 2013. The source of this cash was the proceeds of related party notes payable, as well as the sale of capital stock.

OnItem ~~September~~5. ~~10,~~Other ~~2012,~~Information pursuant to the terms of the Agreement of Conveyance, Transfer and Assignment of Membership Interests and Assumption of Obligations with our former sole officer and director, Ruth Cruz Santos, our liability under the related party notes payable reported for the fiscal year ended August 31, 2012 was discharged.

On September 10, 2012, we received financing in the amount of $20,000 from our current President, Robert Gardner, under the terms of a Promissory Note. The promissory note is unsecured, bears interest at 6% per annum, and matures on September 30, 2013.None

AsItem ~~discussed above, we will require financing in the amount of $3,000,000 to complete our planned acquisition of the Pony Mountain Gold property~~6. ~~Also,~~Exhibits significant additional financing may be required in order to commence the active production of precious metals on those mining claims. We intend to fund our acquisition of the Pony Mountain Gold property rights, as well as our initial operations, through debt and/or equity financing arrangements. We do not have any formal commitments or arrangements for the sales of stock or the advancement or loan of funds at this time. There can be no assurance that such additional financing will be available to us on acceptable terms, in amounts sufficient to fund our planned acquisitions and other activities, or at all.

Off Balance Sheet Arrangements

Exhibit Number		Description of Exhibit

31.1		Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

31.2		Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

32.1		Certification of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

As of May 31, 2013, there were no off balance sheet arrangements.

101.INS **		XBRL Instance Document

101.SCH **		XBRL Taxonomy Extension Schema Document

101.CAL **		XBRL Taxonomy Extension Calculation Linkbase Document

101.DEF **		XBRL Taxonomy Extension Definition Linkbase Document

101.LAB **		XBRL Taxonomy Extension Label Linkbase Document

101.PRE **		XBRL Taxonomy Extension Presentation Linkbase Document

~~Going Concern~~_______________

We** ~~have~~XBRL ~~negative~~(Extensible ~~working~~Business ~~capital,~~Reporting ~~have~~Language) ~~incurred~~information ~~losses~~is ~~since~~furnished ~~inception,~~ and ~~have~~ not ~~yet~~filed ~~received~~or ~~revenues~~a ~~from~~part ~~sales~~ of ~~products~~a registration statement or ~~services. These~~prospectus ~~factors~~for ~~create~~purposes ~~substantial~~of ~~doubt~~Sections 11 ~~about~~or ~~our~~12 ~~ability~~of tothe ~~continue~~Securities asAct aof ~~going~~1933, ~~concern. The~~as ~~financial~~amended, ~~statements~~is dodeemed not ~~include~~filed ~~any~~for ~~adjustment~~purposes ~~that~~of ~~might~~Section 18 beof ~~necessary~~the ifSecurities weExchange ~~are~~Act ~~unable~~of to1934, ~~continue~~ as aamended, ~~going~~and ~~concern~~otherwise is not subject to liability under these sections.

Our ability to continue as a going concern is dependent on generating cash from the sale of our common stock and/or obtaining debt financing and attaining future profitable operations. Management’s plans include selling our equity securities and obtaining debt financing to fund our capital requirement and ongoing operations; however, there can be no assurance we will be successful in these efforts.9

~~Item~~SIGNATURES ~~3. Quantitative and Qualitative Disclosures About Market Risk~~

APursuant ~~smaller~~to ~~reporting~~the ~~company~~requirements isof ~~not~~the ~~required~~Securities toExchange ~~provide~~Act of 1934, the ~~information~~registrant ~~required~~has byduly caused this ~~Item~~report to be signed on its behalf by the undersigned thereunto duly authorized.

Item 4. Controls and Procedures

	LAREDO RESOURCES, CORP.

Date: January 21, 2014	By:	/s/ Robert Gardner
		Robert Gardner
		Chief Executive Officer and Chief Financial Officer

We carried out an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e) as of May 31, 2013. This evaluation was carried out under the supervision and with the participation of our Chief Executive Officer and our Chief Financial Officer, Mr. Robert Gardner.

Disclosure controls and procedures are controls and other procedures that are designed to ensure that information required to be disclosed in our reports filed or submitted under the Exchange Act are recorded, processed, summarized and reported, within the time periods specified in the SEC's rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed in our reports filed under the Exchange Act is accumulated and communicated to management, including our Chief Executive Officer and Chief Financial Officer, to allow timely decisions regarding required disclosure.

Based upon that evaluation, including our Chief Executive Officer and Chief Financial Officer, we have concluded that our disclosure controls and procedures were ineffective as of the end of the period covered by this quarterly report.

Limitations on the Effectiveness of Internal Controls

Our management does not expect that our disclosure controls and procedures or our internal control over financial reporting will necessarily prevent all fraud and material error. Our disclosure controls and procedures are designed to provide reasonable assurance of achieving our objectives and our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures are effective at that reasonable assurance level. Further, the design of a control system must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to their costs. Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within the Company have been detected. These inherent limitations include the realities that judgments in decision-making can be faulty, and that breakdowns can occur because of simple error or mistake. Additionally, controls can be circumvented by the individual acts of some persons, by collusion of two or more people, or by management override of the internal control. The design of any system of controls also is based in part upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions. Over time, control may become inadequate because of changes in conditions, or the degree of compliance with the policies or procedures may deteriorate.

PART II - OTHER INFORMATION

Item 1. Legal Proceedings

We are not a party to any pending legal proceeding. We are not aware of any pending legal proceeding to which any of our officers, directors, or any beneficial holders of 5% or more of our voting securities are adverse to us or have a material interest adverse to us.

Item 1A. Risk Factors

A smaller reporting company is not required to provide the information required by this Item.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

None

Item 3. Defaults upon Senior Securities

None

Item 4. Mine Safety Disclosures

Not applicable.

Item 5. Other Information

None.

Item 6. Exhibits

Exhibit Number	Description of Exhibit
31.1	Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2	Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1	Certification of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101**	The following materials from the Company’s Quarterly Report on Form 10-Q for the quarter ended May 31, 2012 formatted in Extensible Business Reporting Language (XBRL).

**Provided herewith

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	LAREDO RESOURCES, CORP.
Date:	July 16, 2013
	/s/ Robert Gardner
By:	Robert Gardner
Title:	Chief Executive Officer and Chief Financial Officer

Filing Compare · Laredo Resources Corp.