Tao Minerals Ltd - Statements of Operations for the three and six...

Tao Minerals Ltd - Recent Material Event

Item 1	Financial Statements
		Balance Sheets as of July 31, 2007
		Statements of Operations for the three and six months ended July 31, 2007 and 2006, and for the period from September 23, 2004 (Date of inception) to July 31, 2007
		Statements of Cash Flows for the six months ended July 31, 2007 and 2006, and for the period September 23, 2004 (Date of inception) to July 31, 2007
		Notes to Financial Statements
	Item 2	Management Discussion and Analysis
	Item 3	Controls and Procedures
PART II.	OTHER INFORMATION
	Item 1	Legal Proceedings
	Item 2	Changes in Securities
	Item 3	Defaults Upon Senior Securities
	Item 4	Submission of Matters to a Vote of Security Holders
	Item 5	Other Information
	Item 6	Exhibits and Reports on Form 8K
	SIGNATURES

TAO MINERALS LTD.

(An Exploration Stage Company)

Unaudited Financial Statements

Index	Page Number
Balance Sheet	F-1
Statements of Operations	F-2
Statements of Cash Flows	F-3
Notes to Financial Statements	F-4

TAO MINERALS LTD. (An Exploration Stage Company)
Balance Sheet

				July 31, 2007
ASSETS
Current
Cash			$	2,835
Prepaid Expenses				9,500
Total current assets				12,335
Mineral Properties
Mineral Rights, net				353,000
Total Mineral Properties				353,000

Total assets			$	365,335
LIABILITIES
Current
Accounts payable and accrued expenses			$	92,106
Due to a related party				3,000
Stock issuance liability				620,000
Other accrued liabilities				183,000
Total current liabilities
Total Liabilities				898,106

STOCKHOLDERS’ EQUITY
Share capital
Authorized:
Preferred stock		$0.001 par value 1,000,000 shares authorized
None issued, allotted and outstanding:				-

Common stock	$0.001 par value, 552,000,000 shares authorized
Issued, allotted and outstanding:
51,816,000		shares of common stock		51,816
Additional paid-in capital				58,095
Deficit accumulated during exploration stage				(642,682)
Total stockholders’ equity				(532,771)
Total liabilities and stockholders’ equity			$	365,335
The accompanying notes are an integral part of these financial statements.

F-1

TAO MINERALS LTD.

(An Exploration Stage Company)

Statements of Operations


		From Date of Inception September 23, 2004 to Period Ended July 31, 2007		For the three Months ended July 31, 2007			For the three Months ended July 31, 2006			For the six Months ended July 31, 2007		For the six Months ended July 31, 2006
OPERATING EXPENSES
Exploration expenses	$		113,550			-			-	$	-	$	-
Professional fees			243,096			48,523			18,683		55,698		33,585
Consulting fees			214,850			39,000			42,850		78,000		55,850
General and administrative			18,541						55,284				82,645
Total Operating Expenses			590,037			87,652			116,817		134,377		172,080
LOSS FROM OPERATIONS			(590,037)			(87,652)			(116,817)		(134,377)		(172,080)
OTHER EXPENSE						-					-
Foreign currency translation gain (loss)			1,531			-			-		-		-
Net Loss for the Period	$		(588,506)	$		(87,652)	$		(116,817)	$	(134,377)	$	(172,080)

LOSS PER SHARE – BASIC AND FULLY DILUTED				$	0.0		$	0.0		$	0.0	$		0.0
WEIGHTED AVERAGE NUMBER OF ISSUED SHARES BASIC and FULLY DILUTED					51,816,000		51,816,000