10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

[X]	QUARTERLY REPORT UNDER TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2013
	OR
[   ]	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission File Number:   000-55045

IDAHO NORTH RESOURCES CORP.

(Exact name of registrant as specified in its charter)

IDAHO

(State or other jurisdiction of incorporation or organization)

2555 West Palais Drive

Coeur d’Alene, ID   83815

(Address of principal executive offices, including zip code.)

(509) 928-7604

(Registrant’s telephone number, including area code)

Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 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 last 90 days. YES [X]     NO [   ]

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (SS 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

YES [   ]     NO [X]

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

Large Accelerated Filer	[   ]	Accelerated Filer	[   ]
Non-accelerated Filer	[   ]	Smaller Reporting Company	[X]
(Do not check if smaller reporting company)

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

YES [   ]     NO [X]

State the number of shares outstanding of each of the issuer’s classes of common equity, as of the latest practicable date:

7,961,007 as of November 1, 2013.

TABLE OF CONTENTS

			Page
	PART I.
Item 1.	Financial Statements.		3
	Financial Statements:
		Balance Sheets	3
		Statements of Operations	4
		Statements of Cash Flows	5
		Notes to the Financial Statements	6
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations.		10
Item 3.	Quantitative and Qualitative Disclosures About Market Risk.		14
Item 4.	Controls and Procedures.		15
	PART II.
Item 1A.	Risk Factors.		15
Item 6.	Exhibits.		15
Signatures			17
Exhibit Index			18

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PART I – FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS.

IDAHO NORTH RESOURCES CORPORATION

(AN EXPLORATION STAGE COMPANY)

BALANCE SHEETS

		September 30, 2013 (Unaudited)		June 30, 2013
ASSETS
Current Assets
Cash	$	35,422	$	83,229
Prepaid insurance		2,593		-
Total Current Assets		38,015		83,229
Mineral properties		83,000		68,000
TOTAL ASSETS	$	121,015	$	151,229
LIABILITIES & SHAREHOLDERS’ EQUITY
Current Liabilities
Accounts payable	$	9,243	$	1,854
Total Current Liabilities		9,243		1,854
Common stock payable		10,000		-
Total Liabilities		19,243		1,854
Commitments (note 5)		-		-
Shareholders’ Equity
Preferred stock, $0.05 par value, 10,000,000 shares authorized, 0 outstanding as of September 30, 2013 and June 30, 2013		-		-
Common stock, $0.01 par value, 100,000,000 common shares authorized, 7,761,000 and 7,661,000 shares outstanding as of September 30, 2013 and June 30, 2013, respectively		77,610		76,610
Additional paid-in capital		305,865		296,865
Accumulated deficit during exploration stage		(281,703)		(224,100)
Total Shareholders’ Equity		101,772		149,375
TOTAL LIABILITIES & SHAREHOLDERS’ EQUITY	$	121,015	$	151,229

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

-3-

IDAHO NORTH RESOURCES CORPORATION

(AN EXPLORATION STAGE COMPANY)

STATEMENTS OF OPERATIONS (UNAUDITED)

		Three Months Ended September 30, 2013		Three Months Ended September 30, 2012		Inception (January 22, 2007) through September 30, 2013
REVENUES	$	-	$	-	$	-
COST OF REVENUES		-		-		-
GROSS PROFIT		-		-		-
Operating Expenses
Exploration expenditures		22,773		27,046		142,241
General and administrative expenses		34,830		915		139,462
Total Operating Expenses		57,603		27,961		281,703
Loss from Operations		(57,603)		(27,961)		(281,703)
Net Loss	$	(57,603)	$	(27,961)	$	(281,703)
Net Loss per Common Share
Basic and diluted	$	(0.01)	$	Nil
Weighted average number of common shares outstanding
Basic and diluted		7,729,478		7,133,554

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

-4-

IDAHO NORTH RESOURCES CORPORATION

(AN EXPLORATION STAGE COMPANY)

STATEMENTS OF CASH FLOWS (UNAUDITED)

		Three Months Ended September 30, 2013		Three Months Ended September 30, 2012		Inception (January 22, 2007) through September 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss for the period	$	(57,603)	$	(27,961)	$	(281,703)
Adjustments to reconcile net income (loss) to net cash used in operating activities :
Shares issued as compensation		-		-		46,500
Changes in operating assets and liabilities:
Prepaid insurance		(2,593)		-		(2,593)
Accounts payable		17,389		(14,166)		19,243
Cash used in operating activities		(42,807)		(42,127)		(218,553)
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of mineral properties		(5,000)		(6,000)		(26,000)
Cash used in investing activities		(5,000)		(6,000)		(26,000)
CASH FLOWS FROM FINANCING ACTIVITIES
Issuances of common stock		-		132,500		330,500
Share issuance cost		-		(23,075)		(50,525)
Cash provided by financing activities		-		109,425		279,975
Increase (decrease) in cash and cash equivalents		(47,807)		61,298		35,422
Cash, Beginning of Period		83,229		121,410		-
Cash, End of Period	$	35,422	$	182,708	$	35,422
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Common stock issued for mineral property acquisitions	$	10,000	$	30,000	$	57,000

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

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IDAHO NORTH RESOURCES CORPORATION (AN EXPLORATION STAGE COMPANY)

Notes to Financial Statements

As of September 30, 2013

1.           NATURE AND CONTINUANCE OF OPERATIONS

Idaho North Resources Corporation (“the Company”) was incorporated under the laws of Idaho in 2007.  The Company is engaged primarily in acquiring prospective precious metals mining properties in the western United States. The Company is an Exploration Stage Company, as defined by Accounting Standards Codification 915, Exploration Stage Entities.

2.           BASIS OF PRESENTATION

These interim financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“US GAAP”) and should be read in conjunction with the annual financial statements for the fiscal year ended June 30, 2013. The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America requires the use of estimates and assumptions that affect the reported amounts of assets and liabilities at the dates of the financial statements, and the reported amounts of revenues and expenses during the reporting period.  In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein.  Actual results could differ from these estimates and assumptions and could have a material effect on the Company's reported financial position and results of operations. Notes to the financial statements which would substantially duplicate the disclosure contained in the audited financial statements for the most recent fiscal year 2013 as reported in Form 10-K, have been omitted.  Results of operations for the three months ended September 30, 2013 are not necessarily indicative of the results expected for the fiscal year ending June 30, 2014.

3.           GOING CONCERN

As shown in the accompanying interim financial statements, the Company had a net loss of $57,603 for the three months ended September 30, 2013.  There is substantial doubt about the Company’s ability to continue as a going concern.

The Company intends to raise additional capital either through debt or equity financing. The interim financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

4.           COMMON STOCK AND WARRANTS

a)     Common Stock:

In July 2013, the Company issued 100,000 common shares pursuant to a mining lease agreement at a deemed value, based on the most recent sale of common shares, of $0.10 per share. The Company accounted for $10,000 as mineral properties.

In October 2013, the Company issued 200,000 common shares for services at a deemed value, based on the most recent sale of common shares, of $0.10 per share, 100,000 of which are earned and accrued for in common stock payable.

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IDAHO NORTH RESOURCES CORPORATION (AN EXPLORATION STAGE COMPANY)

Notes to Financial Statements

As of September 30, 2013

b)    Warrants

	Number		Weighted Average Exercise Price
Outstanding at June 30, 2012	1,600,000	$	0.25
Issued	1,325,000		0.25
Exercised	-		-
Expired	-		-
Outstanding at June 30, 2013	2,925,000	$	0.25
Issued	-		-
Exercised	-		-
Expired	-		-
Outstanding at September 30, 2013	2,925,000	$	0.25

The warrants that are issued and outstanding as at September 30, 2013 are as follows:

Number of Warrants	Exercise Price	Expiration Date
2,925,000	$ 0.25	March 1, 2015

5.           MINERAL PROPERTY COMMITMENTS - RELATED PARTY

Klondike North Property.  On October 24, 2011, the Company entered into an Exploration and Mining Lease and Option to Purchase Agreement for the Klondike North Property, which consists of 12 unpatented lode-mining claims located on Bureau of Land Management lands in the Klondike Mining District, Esmerelda County, Nevada.  The Company has the right to conduct all customary mineral exploration activities in return for the following commitments:

Advanced Royalty Payments

Date		Payment Amount	Common Shares
Upon execution of Agreement	$	-	500,000
First Anniversary of the Agreement		10,000	-
Second Anniversary of the Agreement		20,000	-
Third Anniversary of the Agreement		30,000	-
Fourth Anniversary of the Agreement		40,000	-
Fifth through the tenth Anniversary		50,000	-
Eleventh Anniversary and thereafter		100,000	-

The Company valued the 500,000 shares issued for the above acquisition of mineral rights at $0.02, based on the most recent sale of common shares, and recorded $10,000 as mineral property.

-7-

IDAHO NORTH RESOURCES CORPORATION (AN EXPLORATION STAGE COMPANY)

Notes to Financial Statements

As of September 30, 2013

Work Commitment

Lease Year		Amount
First Lease Year	$	5,000
Second Lease Year		25,000
Third Lease Year		50,000
Fourth Lease Year		75,000
Fifth Lease Year and thereafter		100,000

Divide Property.  On February 21, 2012, the Company entered into an Exploration and Mining Lease and Option to Purchase Agreement for the Divide Property, which consists of 10 unpatented lode-mining claims located on Bureau of Land Management lands in the Divide Mining District, Esmerelda County, Nevada.  The Company has the right to conduct all customary mineral exploration activities in return for the following commitments:

Advanced Royalty Payments

Date		Payment Amount	Common Shares
Upon execution of Agreement	$	-	100,000
First Anniversary of the Agreement		10,000*	-
Second Anniversary of the Agreement		20,000	-
Third Anniversary of the Agreement		30,000	-
Fourth Anniversary of the Agreement		40,000	-
Fifth Anniversary and thereafter		50,000	-

The Company valued the 100,000 shares issued for the above acquisition of mineral rights at $0.02, based on the most recent sale of common shares, and recorded $2,000 as mineral property.

*The Company, with agreement from the sellers, satisfied its First Anniversary obligation with a $5,000 payment in cash and 50,000 shares of common stock issued with a fair value of $0.10 per share during the year ended June 30, 2013.

Work Commitment

Lease Year		Amount
First Lease Year	$	5,000
Second Lease Year		25,000
Third Lease Year		50,000
Fourth Lease Year		75,000
Fifth Lease Year and thereafter		100,000

Eagleville Property.  On July 27, 2012, the Company entered into an Exploration and Mining Lease and Option to Purchase Agreement for the Eagleville Property, which consists of 58 unpatented lode-mining claims located on Bureau of Land Management lands in the Eagleville Mining District, Mineral County, Nevada.  The Company has the right to conduct all customary mineral exploration activities in return for the following commitments:

-8-

IDAHO NORTH RESOURCES CORPORATION (AN EXPLORATION STAGE COMPANY)

Notes to Financial Statements

As of September 30, 2013

Advanced Royalty Payments

Date		Payment Amount	Common Shares
Upon execution of Agreement	$	6,000	300,000
On or prior to the 1st Anniversary of the Agreement		15,000*	150,000
On or prior to the 2nd Anniversary of the Agreement		20,000	150,000
On or prior to the 3rd Anniversary of the Agreement		30,000	-
On or prior to the 4th Anniversary of the Agreement		40,000	-
On or prior to the 5th through the 10th Anniversary		50,000	-
On or prior to the 11th Anniversary and thereafter		100,000	-

The Company valued the 300,000 shares issued for the above acquisition of mineral rights at $0.10, based on the most recent sale of common shares, and recorded $30,000 as mineral property.

*The Company, with agreement from the sellers, satisfied its First Anniversary obligation with a $5,000 payment in cash and 100,000 shares of common stock issued with a fair value of $0.10 per share during the three months ended September 30, 2013.

Work Commitment

Lease Year		Amount
First Lease Year	$	5,000
Second Lease Year		10,000
Third Lease Year		25,000
Fourth Lease Year		50,000
Fifth Lease Year and thereafter		100,000

For all three properties, the related party is a shareholder who exercises voting rights over more than 10 percent of the Company’s common stock.  The Company has satisfied its work commitments for the first and second lease years on all three properties.

-9-

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

This section of this quarterly report includes a number of forward-looking statements that reflect our current views with respect to future events and financial performance. Forward-looking statements are often identified by words like: believe, expect, estimate, anticipate, intend, project and similar expressions, or words which, by their nature, refer to future events. You should not place undue certainty on these forward-looking statements, which apply only as of the date of this report. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or our predictions.

We are considered to be in the development stage, as defined in Statement of Financial Accounting Standards No. 7. We have been in the development stage since our inception. We have had no source of revenue, we have incurred operating losses since inception and at September 30, 2013 had working capital of $28,772.

We do not have sufficient available cash in order to maintain operations during the next twelve months.  We will have to raise additional capital to continue our exploration plans and keep our mineral property leases in good standing.  We intend to obtain the capital from the exercise of our Redeemable Warrants; possible sale of additional shares of common stock; or loans.  There is no assurance that we will raise the additional funds.

Exploration expenditures consist of fees to be paid for consulting services connected with exploration, the cost of rock sampling (the collection of a series of small chips over a measured distance, which is then submitted for a chemical analysis, usually to determine the metallic content over the sampled interval, a pre-determined location(s) on the property), and cost of analyzing these samples. Since we recently leased the properties, we have not begun exploration.

We cannot be more specific about the application of proceeds for exploration, because we do not know what we will find.

We have allocated a range of money for exploration.  That is because we do not know how much will ultimately be needed for exploration.  If our initial exploration proves positive results, we will expand the exploration activities to include reverse circulation drilling.  This is a less expensive form of drilling that does not allow for the recovery of a tube or core of rock.  The material is brought up from depth as a series of small chips of rock that are then bagged and sent in for analysis.  This is a quicker and cheaper method of drilling, but does not necessarily give one as much information about the underlying rocks.  If warranted, core drilling would follow this stage.

If we discover significant quantities of mineralized material, we will begin technical and economic feasibility studies to determine if we have reserves.  Only if we have reserves will we consider developing the property.

If, through early stage exploration, we find mineralized material and it is feasible to expand the exploration program, we will attempt to raise additional money through a subsequent private placement, public offering or through loans. If we do not raise all of the money we need, we will have to find alternative sources of funding, like a public offering, a private placement of securities, or loans.

We have discussed this matter with our officers and directors; however, our officers and directors are unwilling to make any commitment to loan us any significant amounts of money at this time.  If we cannot raise additional cash, we will either have to suspend operations until we do raise the cash, or cease operations entirely.

We will be conducting research in the form of exploration of the properties.  Our exploration program is explained in as much detail as possible in the business section of this report.  We do not plan to buy or sell any plant or significant equipment during the next twelve months.  We will not buy any additional equipment until we have located a body of minerals and we have determined they are economical to extract from the land.

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We intend to interest other companies in the properties should we discover mineralized materials, or we may elect to develop the properties ourselves.

If we are unable to complete any phase of exploration because we do not have enough money, we will cease operations until we raise more money.  If we cannot or do not raise more money, we will cease operations.  If we cease operations, we do not know what we will do and we don’t have any plans to do anything.

We do not intend to hire additional employees at this time.  Any work that would be conducted on a property that we may secure will be conducted by unaffiliated independent contractors that we will hire.  The independent contractors will be responsible for surveying, geology, engineering, exploration, and excavation.  The geologists will evaluate the information derived from the exploration and excavation and the engineers will advise us on the economic feasibility of removing the mineralized material.

Below are the aggregate annual payments due on the properties as stated in the 3 signed lease agreements. These payments totaling $172,225 are included in our 12-month expense list and are comprised of Lease Agreements, Work Commitments and BLM & County Claim Fees.

	Advance Royalty Payment	Payment Due Date	Work Commitment	BLM & County Claim Fees
Klondike Lease	$30,000	10/24/2014	$50,000	$6,175
Divide Lease	$20,000	2/21/2014	$25,000	$1,625
Eagleville Lease	$20,000	7/27/2014	$10,000	$9,425
Total	$70,000		$85,000	$17,225
Total aggregate annual payments	$172,225

Klondike lease dated October 24, 2011 (12 claims/North, 26 claims/South) -- Total 38 claims

Lease agreement -- paid $10,000 on 10/24/12 end of first year. NOTE: $20,000 for end of second year due 10/27/2013

Work Commitment -- $50,000

BLM Claim fees -- 38 claims @ $140.00 per claim, and $22.50 per claim County and State fees -- $6,715.00

Divide lease dated Feb. 21, 2012 -- Total 10 claims

Lease agreement -- paid $10,000 on 2/20/13, $5,000 in cash and $5,000 in common stock.  For the common stock, 50,000 shares were issued to the Owners at a deemed value of $0.10 per share.

Work Commitment -- $25,000

BLM Claim fees -- 10 claims @ $140.00 per claim, and $22.50 per claim County and State fees -- $1,625.00

Eagleville lease dated July 27, 2012 -- Total 58 claims

Lease agreement -- paid $15,000 on 7/29/13, $5,000 in cash and $10,000 in common stock.  For the common stock, 100,000 shares were issued to the Owners at a deemed value of $0.10 per share.

Work Commitment -- $10,000

BLM Claim fees -- 58 claims @$140.00 per claim, and $22.50 per claim County and State fees -- $9,425.00

Plan of Operation - Milestones

During the next twelve months we plan to spend funds from our working capital balance of $18,772 plus additional capital raised as follows.  If we are unable to raise additional capital, we will not be able to complete these milestones and may cease operations.

-11-

	Estimated Time		Cost
Research (1)	4-6 months	$	5,000
Maintenance Fees (2)	2 months	$	19,338
Exploration (3)	4-6 months	$	10,000
Analysis (4)	4-6 months	$	2,000
Salaries (5)	All 12 months	$	20,000
Accounting (6)	All 12 months	$	20,000
Office Expenses (7)	All 12 months	$	5,000
Advance Royalty Payments and Work Commitments on Leased Properties (8)	All 12 months	$	120,000

(1)	Costs related to the examination of potential property acquisitions.
(2)	Costs of annual claim maintenance fees.  NOTE:  These fees were paid on July 10, 2013.
(3)	Costs related to trenching and surface sampling.
(4)	Costs related to analyzing mineral claims.
(5)	Salaries to be paid to officers of the corporation.
(6)	Costs for accounting and auditing services.
(7)	Costs of stationary, mail, telephone & other office supplies.
(8)	Costs for the next twelve months for Advance Royalty Payments and Work Commitments due on the Klondike, Divide, and Eagleville properties.

Limited Operating History; Need for Additional Capital

We have no operations upon which to base an evaluation of our performance. We are an exploration stage corporation and have not generated any revenues from operations. We cannot guarantee that we will be successful in our business operations. Our business is subject to risks inherent in the establishment of a new business enterprise, including limited capital resources, possible delays in the exploration of our, and possible cost overruns due to price and cost increases in services.

We will have to retain experts to assist in developing the properties we lease and in locating additional appropriate projects.  Our interest in the properties is limited to our leasehold interest.  Our leases, however, grant us a right to purchase the underlying minerals upon completion of certain conditions.  In order to assist in deciding if we should invest in a particular project, we will first need to be provided with at least the following:

*	A description of the project and the location of the property;
*	The lands that will be subject to the exploration project;
*	The royalties, net profit interest or other charges applicable to the subject lands;
*	The estimated cost of any geophysical work contemplated; and
*	The estimated acquisition costs, exploration costs and development costs of the property.

To become profitable and competitive, we will have to conduct research and exploration of the properties we have acquired.

We have no assurance that future financing will be available to us on acceptable terms. If financing is not available on satisfactory terms, we may be unable to continue, develop or expand our operations. Equity financing could result in additional dilution to existing shareholders.

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Results of Operations

For the three months ended September 30, 2013, we generated revenues and gross profit of $0, compared to $0 for the same period in 2012.  Operating expenses were $57,603 for the three months ended September 30, 2013, compared to $27,961 for the same period in 2012.  Costs associated with obtaining the Company’s public listing accounted for the difference.

Material Changes in Financial Condition

At September 30, 2013, we had assets of $121,015, including cash of $35,422, compared to assets of $151,229, including cash of $83,229, at June 30, 2013.  The decrease in assets is attributable to costs associated with obtaining the Company’s public listing and maintaining property leases.

Liquidity and Capital Resources

As of the date of this report, we have yet to generate any revenues from our business operations.

Since our inception on January 22, 2007, we have issued 7,961,000 restricted shares of common stock and 2,925,000 Redeemable Warrants.  The exercise period of the Redeemable Warrants is three (3) years from March 1, 2012.  Two (2) Redeemable Warrants plus $0.25 are convertible into one (1) restricted share of common stock. The Redeemable Warrants are redeemable by us upon thirty (30) days written notice to the warrant holder.  If we issue such notice, and the Redeemable Warrants are not exercised during the 30 day period, the Redeemable Warrants will terminate thirty (30) days from the date of the notice.

Included in the foregoing are 850,000 shares of common stock on October 30, 2007, 300,000 shares of common stock on December 4, 2007, and 100,000 shares on January 10, 2008. These shares were issued to our officers, directors, and founders in consideration of $6,000. The foregoing 1,250,000 shares of common stock were issued pursuant to the exemption from registration contained in Regulation S of the Securities Act of 1933, as amended.

In November 2011, we issued 1,600,000 restricted shares of common stock to 21 persons at a price of $0.02 per share for a total of $32,000.  The 21 persons were all accredited investors.

In July 2012, we completed a private placement of 2,925,000 Units.  Each Unit was comprised of one (1) restricted share of common stock and one (1) redeemable stock purchase warrant.  The exercise period of the warrants is three (3) years from March 1, 2012.  Two (2) warrants plus $0.25 are convertible into one (1) restricted share of common stock. The warrants are redeemable by us upon thirty (30) days written notice to the holder thereof.  If we issue such notice and the holder does not exercise the Redeemable Warrants during the 30 day period, the Redeemable Warrants will terminate thirty (30) days from the date of the notice.  The sale of the Units was made pursuant to the exemption from registration contained in Reg. 506 of the Securities Act of 1933, as amended.

During the next twelve months, we will be required to spend $70,000 on property leases and spend a minimum of $85,000 on property exploration.  These expenses are included in the amounts listed under “Plan of Operation – Milestones.”  See “Property Agreements” for lease payments required after twelve months.

As of September 30, 2013, our total assets were $121,015, and our total liabilities were $19,243.  We had cash of $35,422 at September 30, 2013.

Off-Balance Sheet Arrangements

We do not have any off-balance sheet arrangements that are reasonably likely to have a current or future effect on our financial condition, revenues, results of operations, liquidity or capital expenditures.

-13-

Critical Accounting Estimates

The preparation of consolidated financial statements requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of commitments and contingencies at the date of the consolidated financial statements and the reported amount of revenues and expenses during the period.  All of our significant accounting policies and estimates are described in note 2 of the June 30, 2012 audited financial statements.  We consider the following policies as being critical with regard to the impact estimates and changes in estimates could have on our financial condition, changes in financial condition or results of operations.

Mineral Property Costs-The Company has been in the exploration stage since its inception on January 27, 2007 and has not yet realized any revenues from its planned operations. It is primarily engaged in the acquisition and exploration of mining properties. Mineral property exploration costs are expensed as incurred. Mineral property acquisition costs are initially capitalized. The Company assesses the carrying costs for impairment under ASC 360, Property, Plant, and Equipment at each fiscal quarter end. When it has been determined that a mineral property can be economically developed as a result of establishing proven and probable reserves, the costs then incurred to develop such property, are capitalized. Such costs will be amortized using the units-of-production method over the estimated life of the probable reserve. If mineral properties are subsequently abandoned or impaired, any capitalized costs will be charged to operations.

Stock Based Compensation - The Company records stock-based compensation in accordance with ASC 718, Compensation – Stock Based Compensation, and ASC 505, Equity based payments to non employees, using the fair value method. All transactions in which goods or services are the consideration received for the issuance of equity instruments are accounted for based on the fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable. Equity instruments issued to employees and the cost of the services received as consideration are measured and recognized based on the fair value of the equity instruments issued.

Under the JOBS Act, an “emerging growth company” can delay the adoption of certain accounting standards until those standards would otherwise apply to private companies. We intend to take advantage of this extended transition period. Since we will not be required to comply with new or revised accounting standards on the relevant dates on which adoption of such standards is required for other public companies, our financial statements may not be comparable to financial statements of companies that comply with public company effective dates.

Auditors

Our auditors are Decoria, Maichel and Teague, P.S, and our former auditors were MaloneBailey, LLP.  We changed auditors on October 7, 2013.  We do not have nor have we ever had any disagreements with our auditors concerning a financial accounting, reporting, or auditing matter that could be significant to the financial statements or the auditor’s report.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

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ITEM 4. CONTROLS AND PROCEDURES.

Under the supervision and with the participation of our management, including the Principal Executive Officer and Principal Financial Officer, we have evaluated the effectiveness of our disclosure controls and procedures as required by Exchange Act Rule 13a-15(b) as of the end of the period covered by this report. Based on that evaluation, the Principal Executive Officer and Principal Financial Officer have concluded that these disclosure controls and procedures are effective.  There was no change in our internal control over financial reporting during the quarter ended September 30, 2013 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

PART II - OTHER INFORMATION.

ITEM 1A. RISK FACTORS.

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

ITEM 6. EXHIBITS.

The following documents are included herein:

		Incorporated by reference			Filed
Exhibit	Document Description	Form	Date	Number	herewith
3.1	Articles of Incorporation (12/11/2007).	S-1/A-1	1/24/13	3.1
3.2	Bylaws of Idaho North Resources Corp.	S-1/A-1	1/24/13	3.2
4.1	Specimen Stock Certificate.	S-1/A-1	1/24/13	4.1
10.1	Lease Agreement with Mountain Gold Claims LLC for Klondike 25-29 Property, Klondike 41 Property, Klondike Central Property and Klondike Southeast Property.	S-1	11/26/12	10.1
10.2	Lease Agreement with Mountain Gold Claims LLC and Black Rock Exploration LLC for Divide TH Property, Divide DN Property and Divide GS Property.	S-1	11/26/12	10.2
10.3	Lease Agreement with Mountain Gold Exploration, Inc. and Lane A. Griffin and Associates for the Eagleville Property.	S-1	11/26/12	10.3
10.4	Employment Agreement with Erik Panke.	S-1/A-1	1/24/13	10.4
10.5	Selling Agreement with Pennaluna & Company.				X
31.1	Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.				X
31.2	Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.				X

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32.1	Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.				X
32.2	Certification of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.				X
99.1	Warrant Agreement.	S-1	11/26/12	99.1
101.INS	XBRL Instance Document.				X
101.SCH	XBRL Taxonomy Extension – Schema.				X
101.CAL	XBRL Taxonomy Extension – Calculations.				X
101.DEF	XBRL Taxonomy Extension – Definitions.				X
101.LAB	XBRL Taxonomy Extension – Labels.				X
101.PRE	XBRL Taxonomy Extension – Presentation.				X

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SIGNATURES

 Pursuant to the requirements of the Securities Exchange Act of 1934, this registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized on this 12th day of November, 2013.

IDAHO NORTH RESOURCES CORP.
(the “Registrant”)
BY:	MARK FRALICH
	Mark Fralich
	President, Principal Executive Officer and a member of the Board of Directors
BY:	ERIK PANKE
	Erik Panke
	Principal Accounting Officer, Principal Financial Officer, Secretary, Treasurer and a member of the Board of Directors

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EXHIBIT INDEX

		Incorporated by reference			Filed
Exhibit	Document Description	Form	Date	Number	herewith
3.1	Articles of Incorporation (12/11/2007).	S-1/A-1	1/24/13	3.1
3.2	Bylaws of Idaho North Resources Corp.	S-1/A-1	1/24/13	3.2
4.1	Specimen Stock Certificate.	S-1/A-1	1/24/13	4.1
10.1	Lease Agreement with Mountain Gold Claims LLC for Klondike 25-29 Property, Klondike 41 Property, Klondike Central Property and Klondike Southeast Property.	S-1	11/26/12	10.1
10.2	Lease Agreement with Mountain Gold Claims LLC and Black Rock Exploration LLC for Divide TH Property, Divide DN Property and Divide GS Property.	S-1	11/26/12	10.2
10.3	Lease Agreement with Mountain Gold Exploration, Inc. and Lane A. Griffin and Associates for the Eagleville Property.	S-1	11/26/12	10.3
10.4	Employment Agreement with Erik Panke.	S-1/A-1	1/24/13	10.4
10.5	Selling Agreement with Pennaluna & Company.				X
31.1	Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.				X
31.2	Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.				X
32.1	Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.				X
32.2	Certification of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.				X
99.1	Warrant Agreement.	S-1	11/26/12	99.1
101.INS	XBRL Instance Document.				X
101.SCH	XBRL Taxonomy Extension – Schema.				X
101.CAL	XBRL Taxonomy Extension – Calculations.				X
101.DEF	XBRL Taxonomy Extension – Definitions.				X
101.LAB	XBRL Taxonomy Extension – Labels.				X
101.PRE	XBRL Taxonomy Extension – Presentation.				X

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EX-10.1

Exhibit 10.1

Selling Agreement

This Selling Agreement (“Agreement”) is made effective the 10th day of September, 2013, by and between PENNALUNA & COMPANY, INC. of Coeur d’Alene, Idaho, an Idaho corporation and FINRA member broker-dealer, (“Agent”) and IDAHO NORTH RESOURCES CORP. of 2555 W. Palais Drive, Coeur d’Alene, Idaho 83815, an Idaho corporation (“Issuer”).

Recitals

A. Issuer’s common stock is quoted on the Pink OTC (formerly the Pink Sheets) with the trading symbol IDAH.

B. Issuer desires to raise funds through a private offering of stock to investors (“Offering”), and intends to sell up to approximately 3,000,000 units or more at a price of US $0.10 per unit, with each unit consisting of one common share and one half warrant to purchase an additional one half common share at a price of $0.25 per whole share, exercisable for a three year period after unit purchase.

C. The Offering will be made pursuant to exemptions from registration provided by federal and state law and various rules and regulations promulgated pursuant thereto.

D. The offering will be made pursuant to an Offering Memorandum to be provided by Issuer and which is presently in preparation, with this Memorandum to be in customary form and to comply with the rules and regulations referenced above (“Offering Memorandum”).

E. Issuer desires Agent to assist in the intended Offering, to secure investors and to act as financial advisers to Issuer when appropriate.

F. Agent is a member of the Financial Industry Regulatory Authority (FINRA) and is willing as a non-exclusive agent to assist in sales of units in the Offering on the terms and conditions set forth herein.

NOW, THEREFORE, in consideration of the mutual covenants and promises contained herein, the parties agree as follows:

1. Appointment of Agent. Issuer hereby appoints Agent as its non-exclusive agent for the period of the offering to sell the units described above of the stock of Issuer (these units are hereafter referred to as “Stock”).

2. Acceptance of Appointment; Best Efforts. Agent hereby accepts the appointment as agent and agrees to use its best efforts to find purchasers for the Stock; however, Agent expressly makes no commitment to itself purchase any of the shares of Stock.

3. Sales by Issuer and Others. Issuer may use other agents in the sale of the Stock and may solicit and accept offers for purchase directly on its own behalf if it so desires.

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4.            Termination of Offering. The Offering will terminate upon the happening of the earlier of:

a. the sale of all offered shares of the Offering;

b. the expiration date, if any, set forth in the Offering Memorandum;

c. the withdrawal or cancellation of the Offering by Issuer.

5. Commission. When Agent makes a sale of Stock and the subscription is accepted by Issuer, Agent shall be paid a commission equal to ten percent (10%) of the price at which shares of the Stock are sold to the investor. Agent shall receive the commission promptly after the proceeds have been paid to Issuer. With respect to any Investor for whom Agent earns a commission pursuant to this Selling Agreement, for a period of twenty-four (24) months after receipt of said commission, Agent shall also be entitled to a cash commission, promptly paid, of ten percent ( 10%) due at the time said Investor exercises purchase warrants purchased under the Selling Agreement and/or makes any other additional private equity investment in Issuer, including without limitation purchases of stock, warrants, options, or other instruments representing ownership or rights to ownership other than in the public market. Agent will also receive broker warrants equivalent to 5% of the actual sales of Units made by the Agent prior to and concurrent with the closing of the initial offering. The warrants will consist of a right to buy the Units of the Issuer on the same terms and conditions as those of the investors. For clarity, the Agent will not receive additional Broker Warrants upon the exercise of warrants by purchasers, or the sale of stock, warrants, units, options, or any other equity investment in the Issuer during the 24 month “tail” period of this agreement.

6. Stock Subscription. Investors will subscribe to the stock by completing and executing a Subscription Agreement in the form provided by Issuer with the Offering Memorandum, and tendering payment for the Stock.

7. Delivery of Stock Subscription Agreements. Completed Subscription Agreements received by Agent will be forwarded to the Issuer.

8. Acceptance. Issuer has the right to accept or reject every subscription and will act thereon with reasonable speed. A sale is made only upon acceptance by Issuer.

9. Representations and Warranties of Issuer. Issuer represents and warrants that:

a. Organization and Authority. Issuer is a corporation duly organized, validly existing, and in good standing under the laws of the State of Nevada, with power and authority to own assets and to conduct its business as described or referenced in the Offering Memorandum.

b. Capitalization. Issuer has a duly authorized and outstanding capitalization as set forth or referenced in the forthcoming Offering Memorandum, and the Stock conforms to the description contained therein. The Stock, when issued and delivered, shall be duly and validly issued, fully paid and non-assessable.

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c. Offering Memorandum. The forthcoming Offering Memorandum shall not contain any untrue statement or material fact or omit to state any material fact required to be stated or necessary to make the statements in the Offering Memorandum not misleading; provided, however, that this representation and warranty does not apply to statements or omissions made in reliance upon and in conformity with information furnished to Issuer in connection with the Offering Memorandum by Agent directly or through or by counsel on Agent’s behalf. The financial statements and schedules, if any, included in the forthcoming Offering Memorandum or referenced therein present fairly the cost of the assets, the liabilities, and the capital stock of Issuer as of the dates of such statements and schedules, all in conformity with generally accepted accounting principles of this country.

d. No Breach. Neither the execution and delivery of this Agreement, nor the consummation of the transactions contemplated in this Agreement (in compliance with the terms and provisions of this Agreement), shall conflict with, or result in a breach of, the Articles of Incorporation of Issuer, Bylaws of the Issuer, or any other agreement or instrument to which Issuer is a party or by which it is bound.

e. Authorization. This Agreement has been duly authorized, executed, and delivered on behalf of Issuer, and is the valid, binding, and enforceable obligation of Issuer, except to the extent that obligations concerning indemnification under this Agreement may be limited by applicable securities laws.

f. No Additional Authorization. No authorization, approval, or consent of any regulatory body or authority is required for the valid authorization, issuance, sale, and delivery of the Stock, or, if so required, all authorizations, approvals, and consents have been obtained and are in full force and effect.

10.           Covenants of Issuer. Issuer covenants that:

a. Amendments and Supplements. Issuer shall not at any time make or file any amendment or supplement to the Offering Memorandum without previously providing Agent with (a) a copy of such amendment or supplement, and (b) a reasonable opportunity to comment regarding the same.

b. Copies of Offering Memorandum. Issuer shall deliver to Agent, without charge, from time to time during the term of this Agreement, as many copies of the Offering Memorandum as Agent reasonably may request, and Issuer consents to the use of the Offering Memorandum as permitted by applicable state and federal securities and other laws.

c. Compliance with Laws. Issuer shall use best efforts to comply with, and to continue to comply with, applicable state and federal securities and other laws so as to permit the continuation of the Offering.

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d. Stop Order. Issuer promptly shall notify Agent in the event of (a) the issuance by any federal or state securities commission or authority of any stop order suspending the effectiveness of the Offering Memorandum, or (b) the institution or notice of the intended institution of any action or proceeding for that purpose. Issuer shall make every reasonable effort to prevent the issuance of a stop order, and, if a stop order is issued at any time, to obtain the withdrawal of the order at the earliest possible time.

11. Representations and Warranties of Agent. Agent represents and warrants to Issuer that Agent is a securities broker-dealer and a member in good standing of the Financial Industry Regulatory Authority (FINRA), BD # 11604, and that persons employed by it are licensed with FINRA as required.

12.           Covenants of Agent. Agent covenants that:

a. Statements and Actions. Agent shall not make any statement or take any action in connection with the Offering and its activities under and pursuant to this Agreement that is inconsistent with the exemptions from registration provided by federal or state law, and the regulations promulgated in connection therewith.

b. Purchasers. Agent shall sell the Stock only to investors permitted to purchase, and in the manner permitted, by applicable state and federal securities laws.

c. Subscriber Information. Agent shall upon request, in connection with the sale of Stock offered pursuant to the Offering Memorandum, provide information to Issuer sufficient to enable Issuer to establish and determine that all purchasers of the Stock are qualified purchasers, as defined in the Offering Memorandum and in applicable state and federal securities laws.

d. Public Solicitation. Agent shall not sell the Stock offered pursuant to the Offering Memorandum by any means of public solicitation or general advertising, unless permitted under relevant exemptions provided by federal or state law and the regulations promulgated in connection therewith.

13. Expenses. Issuer shall bear and pay all costs and expenses in connection with preparation and printing of the Offering Memorandum and any Questionnaire, Subscription Agreement or related documents, and any amendments or supplements thereto; federal or state filing fees in connection with the Offering; the issue and delivery of stock certificates; and the cost of furnishing the Offering Memorandum.

14. Termination. This Agreement may be terminated at any time upon ten (10) days prior notice by either Issuer or Agent. Unless earlier terminated as provided in the preceding sentence, this Agreement shall terminate upon the occurrence and satisfactory completion of the Offering and sale of the Stock and the receipt of proceeds by Issuer and payment, except that the provisions of sentence three in paragraph 5. Commission shall continue until expiration of the 24-month period set forth therein with respect to each Investor.

15.          Indemnification.

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a. Indemnification of Agent. Issuer shall indemnify and hold harmless Agent and each person, if any, who controls Agent within the meaning of Section 15 of the Securities Act from and against any and all losses, claims, damages, expenses, or liabilities, joint or several, to which they or any of them may become subject under the Securities Act or under any other statute or at common law or otherwise, and, except as provided below, shall reimburse Agent and each controlling person, if any, for any legal or other expenses reasonably incurred by them or any of them in connection with investigating or defending any actions, whether or not resulting in any liability, ‘insofar as the losses, claims, damages, expenses, liabilities, or actions arise out of or are based upon any untrue statement or alleged untrue statement of a material fact contained in the Offering Memorandum, or arise out of or are based upon the omission or alleged omission to state a material fact required to be stated in the Offering Memorandum or necessary in order to make the statements in the Offering Memorandum not misleading, unless the untrue statement or omission was made in the Offering Memorandum in reliance upon and in conformity with information furnished to Issuer by Agent directly or through counsel. However, this indemnification provision shall not benefit Agent or any person controlling Agent if Agent failed to send or give a copy of the Offering Memorandum to a person at or prior to the time an offer of Stock was made to that person, or acted in violation of any covenants made by Agent herein.

b. Indemnification of Issuer. Agent shall indemnify and hold harmless Issuer, each of its directors, each of its officers who have signed the Offering Memorandum, and each person, if any, who controls Issuer within the meaning of Section 15 of the Securities Act from and against any and all losses, claims, damages, expenses, or liabilities, joint or several, to which they or any of them may become subject under the Securities Act or under any other statute or at common law or otherwise, and except as provided below, shall reimburse Issuer and each director, officer, or controlling person, if any, for any legal or other expenses reasonably incurred by them or any of them in connection with investigating or defending any actions whether or not resulting in any liability (a) insofar as the losses, claims, damages, expenses, liabilities, or actions arise out of or are based upon any untrue statement or alleged untrue statement of a material fact contained in the Offering Memorandum, or arise out of or are based upon the omission or alleged omission to state a material fact required to be stated in the Offering Memorandum or necessary in order to make the statements in the Offering Memorandum not misleading, but only insofar as the untrue statements or omission was made in the Offering Memorandum in reliance upon and in conformity with information furnished to Issuer by Agent, directly or through counsel.

c. Mechanics. If any claim, demand, action or proceeding (including any governmental investigation) shall be brought or alleged against an indemnified party in respect of which indemnity is to be sought against an indemnifying party pursuant to the preceding subsections, the indemnified party shall, promptly after receipt of notice of the commencement of any such claims, demand, action or proceeding, notify the indemnifying party in writing of the commencement of such

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claim, demand, action or proceeding, enclosing a copy of all papers served, if any, provided, that the omission to so notify such indemnifying party will not relieve the indemnifying party from any liability that it may have to any indemnified party under the foregoing provisions of this Section, except and only to the extent that such omission results in the forfeiture of substantive rights or defenses by the indemnifying party. In case any such action is brought against any indemnified party and it notifies the indemnifying party of the commencement thereof, the indemnifying party will be entitled to participate in the defense therein and, to the extent that it may wish, assume the defense thereof, with counsel reasonably satisfactory to such indemnified party (who shall not, except with the consent of the indemnified party, be counsel to the indemnifying party), and after notice from the indemnifying party to such indemnified party of its election so to assume the defense thereof, the indemnifying party will not be liable to such indemnified party under this Section for any legal or other expenses subsequently incurred by such indemnified party in connection with the defense thereof other than reasonable costs of investigation. In any such proceeding, any indemnified party shall have the right to retain its own counsel, but the reasonable fees and expenses of such counsel shall be at the expense of such indemnified party, unless (a) the indemnifying party and the indemnified party shall have mutually agreed to the retention of such counsel; (b) the indemnifying party has assumed the defense of such proceeding and has failed within a reasonable time to retain counsel reasonably satisfactory to such indemnified party; or (c) the named parties to any such proceeding (including any impleaded parties) include both the indemnifying party and the indemnified party and representation of both parties by the same counsel would be inappropriate due to actual or potential conflicts of interests between them. The indemnifying party shall not be liable for any settlement of any proceeding effected without its written consent, but if settled with such consent or if there be a final judgment for the plaintiff, the indemnifying party agrees to indemnify the indemnified party from and against any loss or liability by reason of such settlement or judgment. No indemnifying party shall, without the prior written consent of the indemnified party, effect any settlement of any pending or threatened proceeding in respect of which any indemnified party is or could have been a party or indemnity could have been sought hereunder by such indemnified party, unless such settlement includes an unconditional release of such indemnified party from all liability on claims that are the subject matter of such proceeding.

16. Provisions to Survive Delivery. The representations, warranties, covenants, indemnities, understandings, agreements, and other statements of Issuer and Agent contemplated by, set forth in, or made pursuant to this Agreement and the indemnification agreements of Issuer and Agent shall survive delivery of, and payment for, the Stock, and shall survive regardless of (a) any termination of this Agreement, and (b) any investigation made by, or on behalf of, either party.

17.          Miscellaneous.

a. Amendments and Modifications. No amendment or modification of any provision of this Agreement shall be valid unless made in writing and signed by each of the parties.

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b. Assignment. No party may assign its rights or obligations under this Agreement without the prior written consent of the other party.

c. Attorneys’ Fees. If a party is in default under this Agreement, the party who is not in default shall have the right, at the expense of the party who is in default, to retain an attorney to make demand, enforce remedies, or otherwise protect or enforce the rights of the party who is not in default. The party who is in default shall pay all attorneys fees and legal costs so incurred.

d. Binding Effect. This Agreement shall be binding upon, and shall inure to the benefit of the parties, and each of their respective successors and permitted assigns.

e. Entire Agreement. This Agreement sets forth the entire understanding of the parties with respect to the subject matter of this Agreement and supercedes all prior agreements and understandings between the parties relating to the subject matter of this Agreement.

f. Exhibits. Any exhibits identified in this Agreement are incorporated herein by reference.

g. Governing Law and Venue. This Agreement shall be governed by, and construed in accordance with, the laws of the State of Idaho. Each party hereby consents to venue and jurisdiction in state or federal court in Kootenai County, Idaho.

h. No Waiver. No waiver by any party of any right, default, misrepresentation, or breach of warranty or covenant under this Agreement shall be effective unless in writing and signed by the waiving party.

i. Notices. All notices, requests, demands, claims, and other communications authorized or required to be given under this Agreement shall be in writing. Any such writing shall be deemed duly given (a) upon receipt after it is sent by United States certified mail, return receipt requested, addressed to the intended recipient as set forth below, or (b) upon receipt if sent by fax. Any party may change the address to which notices or similar written documentation are to be delivered by giving the other party notice of such change in the manner set forth in section.

If to Issuer:	Mark Fralich
	Idaho North Resources Corp.
	2555 W. Palais Drive
	Coeur d’Alene, ID 83 815
	Fax: (503) 313-2586
If to Agent:	Ron Nicklas
	Pennaluna & Co.
	421 ½ Sherman A venue Ste 203
	Coeur d’Alene, ID 83814
	Fax: (208) 664-2283

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j. Relationship of Parties. The relationship of the parties to this Agreement is strictly that of principal and agent in connection with the selling of the Stock. This Agreement is neither intended to, nor will it be construed as, creating a joint venture, partnership, or other form of business association between the parties.

k. Severability. If for any reason any provision of this Agreement shall be deemed by a court of competent jurisdiction to be legally invalid or unenforceable, the validity of the remainder of the Agreement shall not be affected and such provision shall be deemed modified to the minimum extent necessary to make such provision consistent with applicable law, and, in its modified form, such provision shall then be enforceable and enforced.

l. Terminology and Construction. The headings contained in this Agreement are for convenience of reference only, will not be deemed to be a part of this Agreement, and will not be referred to in connection with the construction or interpretation of this Agreement. Whenever the context so requires, the singular number will include the plural, and visa versa; the masculine gender will include the feminine and neuter genders. Each party agrees that any rule of construction to the effect that ambiguities are to be resolved against the drafting party will not be applied in the construction or interpretation of this Agreement.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the date and year first written above.

IDAHO NORTH RESOURCES CORP., an Idaho

Corporation (“Issuer”)

MARK A. FRALICH

By: Mark A. Fralich

Its: CEO

PENNALUNA & COMPANY, INC., an Idaho

Corporation (“Agent”) FINRA BD # 11604

By RON NICKLAS

Its President

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EX-31.1

Exhibit 31.1

SARBANES-OXLEY SECTION 302(a) CERTIFICATION

I, Mark Fralich, certify that:

1.	I have reviewed this Form 10-Q for the period ended September 30, 2013 of Idaho North Resources Corp.;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.	The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
	a.	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
	b.	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	c.	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
	d.	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
5.	The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
	a.	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
	b.	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date:	November 12, 2013	MARK FRALICH
		Mark Fralich
		Principal Executive Officer

EX-31.2

Exhibit 31.2

SARBANES-OXLEY SECTION 302(a) CERTIFICATION

I, Erik Panke, certify that:

1.	I have reviewed this Form 10-Q for the period ended September 30, 2013 of Idaho North Resources Corp.;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.	The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
	a.	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
	b.	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	c.	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
	d.	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
5.	The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
	a.	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
	b.	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date:	November 12, 2013	ERIK PANKE
		Erik Panke
		Principal Financial Officer

EX-32.1

Exhibit 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. Section 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Idaho North Resources Corp. (the “Company”) on Form 10-Q for the period ended September 30, 2013, as filed with the Securities and Exchange Commission on the date hereof (the “report”), I, Mark Fralich, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1)	The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
(2)	The information contained in this Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Dated this 12th day of November, 2013.

MARK FRALICH

Mark Fralich

Chief Executive Officer

EX-32.2

Exhibit 32.2

CERTIFICATION PURSUANT TO

18 U.S.C. Section 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Idaho North Resources Corp. (the “Company”) on Form 10-Q for the period ended September 30, 2013, as filed with the Securities and Exchange Commission on the date hereof (the “report”), I, Erik Panke, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1)	The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
(2)	The information contained in this Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Dated this 12th day of November, 2013.

ERIK PANKE

Erik Panke

Chief Financial Officer

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4. STOCKHOLDERS' EQUITY, COMMON STOCK AND WARRANTS (Details) - Summation of Issued and Outstanding Warrants (USD $)	3 Months Ended	26 Months Ended
	Mar. 31, 2013	Mar. 01, 2015	Sep. 30, 2013	Jun. 30, 2013	Jun. 30, 2012
Summation of Issued and Outstanding Warrants [Abstract]
	2,925,000		2,925,000	2,925,000	1,600,000
(in Dollars per share)	$ 0.25
		Mar. 01, 2015

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Statements of Operations (Unaudited) (USD $)	3 Months Ended		80 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013
Operating Expenses
Exploration expenditures	$ 22,773	$ 27,046	$ 142,241
General and administrative expenses	34,830	915	139,462
Total Operating Expenses	57,603	27,961	281,703
Loss from Operations	(57,603)	(27,961)	(281,703)
Net Loss	$ (57,603)	$ (27,961)	$ (281,703)
Net Loss per Common Share
Basic and diluted (in Dollars per share)	$ (0.01)	$ 0.00
Weighted average number of common shares outstanding
Basic and diluted (in Shares)	7,729,478	7,133,554

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5. MINERAL PROPERTY COMMITMENTS - RELATED PARTY

3 Months Ended

Sep. 30, 2013

Mineral Industries Disclosures Related Pary [Abstract]

Mineral Industries Disclosures Related Pary

5.           MINERAL PROPERTY COMMITMENTS - RELATED PARTY

Klondike North Property.  On October 24, 2011, the Company entered into an Exploration and Mining Lease and Option to Purchase Agreement for the Klondike North Property, which consists of 12 unpatented lode-mining claims located on Bureau of Land Management lands in the Klondike Mining District, Esmerelda County, Nevada.  The Company has the right to conduct all customary mineral exploration activities in return for the following commitments:

Advanced Royalty Payments

Date		Payment Amount	Common Shares
Upon execution of Agreement	$	-	500,000
First Anniversary of the Agreement		10,000	-
Second Anniversary of the Agreement		20,000	-
Third Anniversary of the Agreement		30,000	-
Fourth Anniversary of the Agreement		40,000	-
Fifth through the tenth Anniversary		50,000	-
Eleventh Anniversary and thereafter		100,000	-

The Company valued the 500,000 shares issued for the above acquisition of mineral rights at $0.02, based on the most recent sale of common shares, and recorded $10,000 as mineral property.

Work Commitment

Lease Year		Amount
First Lease Year	$	5,000
Second Lease Year		25,000
Third Lease Year		50,000
Fourth Lease Year		75,000
Fifth Lease Year and thereafter		100,000

Divide Property.  On February 21, 2012, the Company entered into an Exploration and Mining Lease and Option to Purchase Agreement for the Divide Property, which consists of 10 unpatented lode-mining claims located on Bureau of Land Management lands in the Divide Mining District, Esmerelda County, Nevada.  The Company has the right to conduct all customary mineral exploration activities in return for the following commitments:

Advanced Royalty Payments

Date		Payment Amount	Common Shares
Upon execution of Agreement	$	-	100,000
First Anniversary of the Agreement		10,000*	-
Second Anniversary of the Agreement		20,000	-
Third Anniversary of the Agreement		30,000	-
Fourth Anniversary of the Agreement		40,000	-
Fifth Anniversary and thereafter		50,000	-

The Company valued the 100,000 shares issued for the above acquisition of mineral rights at $0.02, based on the most recent sale of common shares, and recorded $2,000 as mineral property.

*The Company, with agreement from the sellers, satisfied its First Anniversary obligation with a $5,000 payment in cash and 50,000 shares of common stock issued with a fair value of $0.10 per share during the year ended June 30, 2013.

Work Commitment

Lease Year		Amount
First Lease Year	$	5,000
Second Lease Year		25,000
Third Lease Year		50,000
Fourth Lease Year		75,000
Fifth Lease Year and thereafter		100,000

Eagleville Property.  On July 27, 2012, the Company entered into an Exploration and Mining Lease and Option to Purchase Agreement for the Eagleville Property, which consists of 58 unpatented lode-mining claims located on Bureau of Land Management lands in the Eagleville Mining District, Mineral County, Nevada.  The Company has the right to conduct all customary mineral exploration activities in return for the following commitments:

Advanced Royalty Payments

Date		Payment Amount	Common Shares
Upon execution of Agreement	$	6,000	300,000
On or prior to the 1st Anniversary of the Agreement		15,000*	150,000
On or prior to the 2nd Anniversary of the Agreement		20,000	150,000
On or prior to the 3rd Anniversary of the Agreement		30,000	-
On or prior to the 4th Anniversary of the Agreement		40,000	-
On or prior to the 5th through the 10th Anniversary		50,000	-
On or prior to the 11th Anniversary and thereafter		100,000	-

The Company fair valued the 300,000 shares issued for the above acquisition of mineral rights at $0.10, based on the most recent sale of common shares, and recorded $30,000 as mineral property.

*The Company, with agreement from the sellers, satisfied its First Anniversary obligation with a $5,000 payment in cash and 100,000 shares of common stock issued with a fair value of $0.10 per share during the three months ended September 30, 2013.

Work Commitment

Lease Year		Amount
First Lease Year	$	5,000
Second Lease Year		10,000
Third Lease Year		25,000
Fourth Lease Year		50,000
Fifth Lease Year and thereafter		100,000

For all three properties, the related party is a shareholder who exercises voting rights over more than 10 percent of the Company's common stock.  The Company has satified its work commitments for the first and second lease years on all three properties. 

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5. MINERAL PROPERTY COMMITMENTS - RELATED PARTY (Details) - Work Commitment (USD $)	Jul. 26, 2017	Sep. 30, 2013
Work Commitment [Abstract]00
First Lease Year	$ 5,000	$ 5,000
Second Lease Year	10,000	25,000
Third Lease Year	25,000	50,000
Fourth Lease Year	50,000	75,000
Fifth Lease Year and thereafter	$ 100,000	$ 100,000

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5. MINERAL PROPERTY COMMITMENTS - RELATED PARTY (Details) (USD $)	1 Months Ended	2 Months Ended		3 Months Ended			15 Months Ended		80 Months Ended
	Mar. 31, 2012	Sep. 30, 2012	Dec. 31, 2011	Sep. 30, 2013	Jun. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Dec. 31, 2013
Mineral Industries Disclosures Related Pary [Abstract]
Lode-Mining Claims	10	58	12
Stock Issued During Period, Shares, Acquisitions	100,000	300,000	500,000	100,000	50,000	100,000
Sale of Stock, Price Per Share (in Dollars per share)	$ 0.02	$ 0.10	$ 0.02	$ 0.10	$ 0.10	$ 0.10	$ 0.10	$ 0.10	$ 0.10	$ 0.10
Stock Issued During Period, Value, Acquisitions (in Dollars)	$ 2,000	$ 30,000	$ 10,000	$ 5,000	$ 5,000	$ 10,000	$ 10,000	$ 30,000	$ 57,000

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1. NATURE AND CONTINUANCE OF OPERATIONS

3 Months Ended

Sep. 30, 2013

Nature of Operations [Abstract]

Nature of Operations [Text Block]

1.           NATURE AND CONTINUANCE OF OPERATIONS

Idaho North Resources Corporation (“the Company”) was incorporated under the laws of Idaho in 2007.  The Company is engaged primarily in acquiring prospective precious metals mining properties in the western United States. The Company is an Exploration Stage Company, as defined by Accounting Standards Codification 915, Exploration Stage Entities.

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3. GOING CONCERN

3 Months Ended

Sep. 30, 2013

Going Concern Note [Abstract]

Going Concern Note

3.           GOING CONCERN

As shown in the accompanying interim financial statements, the Company had a net loss of $57,603 for the three months ended September 30, 2013.  There is substantial doubt about the Company’s ability to continue as a going concern.

The Company intends to raise additional capital either through debt or equity financing. The interim financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

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6. SUBSEQUENT EVENTS

3 Months Ended

Sep. 30, 2013

Subsequent Events [Abstract]

Subsequent Events [Text Block]

6.           SUBSEQUENT EVENTS

None.

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4. STOCKHOLDERS' EQUITY, COMMON STOCK AND WARRANTS

3 Months Ended

Sep. 30, 2013

Stockholders' Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

4.           COMMON STOCK AND WARRANTS

a)     Common Stock:

In July 2013, the Company issued 100,000 common shares pursuant to a mining lease agreement at a deemed value, based on the most recent sale of common shares, of $0.10 per share. The Company accounted for $10,000 as mineral properties.

In October 2013, the Company issued 200,000 common shares for services at a deemed value, based on the most recent sale of common shares, of $0.10 per share, 100,000 of which are earned and accrued for in common stock payable.

b)    Warrants

	Number		Weighted Average Exercise Price
Outstanding at June 30, 2012	1,600,000	$	0.25
Issued	1,325,000		0.25
Exercised	-		-
Expired	-		-
Outstanding at June 30, 2013	2,925,000	$	0.25
Issued	-		-
Exercised	-		-
Expired	-		-
Outstanding at September 30, 2013	2,925,000	$	0.25

The warrants that are issued and outstanding as at September 30, 2013 are as follows:

Number of Warrants	Exercise Price	Expiration Date
2,925,000	$ 0.25	March 1, 2015

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Balance Sheets (Parentheticals) (USD $)	Sep. 30, 2013	Jun. 30, 2013
Preferred stock, authorized	10,000,000	10,000,000
Preferred stock, par value (in Dollars per share)	$ 0.05	$ 0.05
Common stock, authorized	100,000,000	100,000,000
Common stock, par value (in Dollars per share)	$ 0.01	$ 0.01
Common stock, outstanding	7,661,000	7,661,000

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3. GOING CONCERN (Details) (USD $)	3 Months Ended		15 Months Ended		80 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013
Going Concern Note [Abstract]
Net Income (Loss) Attributable to Parent	$ (57,603)	$ (27,961)	$ (57,603)	$ (27,961)	$ (281,703)

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Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended		15 Months Ended		80 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss for the period	$ (57,603)	$ (27,961)	$ (57,603)	$ (27,961)	$ (281,703)
Adjustments to reconcile net income (loss) to net cash used in operating activities :
Shares issued as compensation					46,500
Changes in operating assets and liabilities:
Prepaid insurance			(2,593)		(2,593)
Accounts payable			17,389	(14,166)	19,243
Cash used in operating activities			(42,807)	(42,127)	(218,553)
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of mineral properties			(5,000)	(6,000)	(26,000)
Cash used in investing activities			(5,000)	(6,000)	(26,000)
CASH FLOWS FROM FINANCING ACTIVITIES
Issuances of common stock				132,500	330,500
Share issuance cost				(23,075)	(50,525)
Cash provided by financing activities				109,425	279,975
Increase (decrease) in cash and cash equivalents			(47,807)	61,298	35,422
Cash, Beginning of Period		83,229	83,229	121,410
Cash, End of Period	35,422	182,708	35,422	182,708	35,422
Common stock issued for mineral property acquisitions	$ 5,000	$ 10,000	$ 10,000	$ 30,000	$ 57,000

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Balance Sheets (USD $)	Sep. 30, 2013	Jun. 30, 2013
Current Assets
Cash	$ 35,422	$ 83,229
Prepaid insurance	2,593
Total Current Assets	38,015	83,229
Mineral properties	83,000	68,000
TOTAL ASSETS	121,015	151,229
Current Liabilities
Accounts payable	9,243	1,854
Total Current Liabilities	9,243	1,854
Common stock payable	10,000
Total Liabilities	19,243	1,854
Shareholders’ Equity
Common stock, $0.01 par value, 100,000,000 common shares authorized, 7,761,000 and 7,661,000 shares outstanding as of September 30, 2013 and June 30, 2013, respectively	77,610	76,610
Additional paid-in capital	305,865	296,865
Accumulated deficit during exploration stage	(281,703)	(224,100)
Total Shareholders’ Equity	101,772	149,375
TOTAL LIABILITIES & SHAREHOLDERS’ EQUITY	$ 121,015	$ 151,229

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5. MINERAL PROPERTY COMMITMENTS - RELATED PARTY (Details) - Advanced Royalty Payments (USD $)	60 Months Ended	120 Months Ended
	Feb. 20, 2017	Jul. 26, 2022	Oct. 23, 2021
Advanced Royalty Payments [Abstract]00
Upon execution of Agreement	$ 100,000	$ 6,000	$ 500,000
On or prior to the 1st Anniversary of the Agreement	10,000	15,000	10,000
On or prior to the 2nd Anniversary of the Agreement	20,000	20,000	20,000
On or prior to the 3rd Anniversary of the Agreement	30,000	30,000	30,000
On or prior to the 4th Anniversary of the Agreement	40,000	40,000	40,000
On or prior to the 5th through the 10th Anniversary		50,000	50,000
On or prior to the 11th Anniversary and thereafter		$ 100,000	$ 100,000

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5. MINERAL PROPERTY COMMITMENTS - RELATED PARTY (Tables)

3 Months Ended

Sep. 30, 2013

Mineral Industries Disclosures Related Pary [Abstract]

Schedule of Advanced Royalty Payments

Date		Payment Amount	Common Shares
Upon execution of Agreement	$	-	500,000
First Anniversary of the Agreement		10,000	-
Second Anniversary of the Agreement		20,000	-
Third Anniversary of the Agreement		30,000	-
Fourth Anniversary of the Agreement		40,000	-
Fifth through the tenth Anniversary		50,000	-
Eleventh Anniversary and thereafter		100,000	-

Schedule of Work Commitment - Divide Property

Lease Year		Amount
First Lease Year	$	5,000
Second Lease Year		25,000
Third Lease Year		50,000
Fourth Lease Year		75,000
Fifth Lease Year and thereafter		100,000

Schedule of Advanced Royalty Payment Divide Property

Date		Payment Amount	Common Shares
Upon execution of Agreement	$	-	100,000
First Anniversary of the Agreement		10,000*	-
Second Anniversary of the Agreement		20,000	-
Third Anniversary of the Agreement		30,000	-
Fourth Anniversary of the Agreement		40,000	-
Fifth Anniversary and thereafter		50,000	-

Lease Year		Amount
First Lease Year	$	5,000
Second Lease Year		25,000
Third Lease Year		50,000
Fourth Lease Year		75,000
Fifth Lease Year and thereafter		100,000

Schedule of Advanced Royalty Payments on Eagleville Property

Date		Payment Amount	Common Shares
Upon execution of Agreement	$	6,000	300,000
On or prior to the 1st Anniversary of the Agreement		15,000*	150,000
On or prior to the 2nd Anniversary of the Agreement		20,000	150,000
On or prior to the 3rd Anniversary of the Agreement		30,000	-
On or prior to the 4th Anniversary of the Agreement		40,000	-
On or prior to the 5th through the 10th Anniversary		50,000	-
On or prior to the 11th Anniversary and thereafter		100,000	-

Schedule of Work Commitment on Eagleville Property

Lease Year		Amount
First Lease Year	$	5,000
Second Lease Year		10,000
Third Lease Year		25,000
Fourth Lease Year		50,000
Fifth Lease Year and thereafter		100,000

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4. STOCKHOLDERS' EQUITY, COMMON STOCK AND WARRANTS (Details) - Warrants (USD $)	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Jun. 30, 2012
Warrants [Abstract]
	2,925,000	2,925,000	2,925,000	1,600,000
(in Dollars per Item)	0.25	0.25		0.25
				1,325,000
(in Dollars)				$ 0.25

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4. STOCKHOLDERS' EQUITY, COMMON STOCK AND WARRANTS (Tables)

3 Months Ended

Sep. 30, 2013

Stockholders' Equity Note [Abstract]

Schedule of Warrant Activity

	Number		Weighted Average Exercise Price
Outstanding at June 30, 2012	1,600,000	$	0.25
Issued	1,325,000		0.25
Exercised	-		-
Expired	-		-
Outstanding at June 30, 2013	2,925,000	$	0.25
Issued	-		-
Exercised	-		-
Expired	-		-
Outstanding at September 30, 2013	2,925,000	$	0.25

Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]

Number of Warrants	Exercise Price	Expiration Date
2,925,000	$ 0.25	March 1, 2015

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2. BASIS OF PRESENTATION

3 Months Ended

Sep. 30, 2013

Organization, Consolidation and Presentation of Financial Statements Disclosure [Abstract]

Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]

2.           BASIS OF PRESENTATION

These interim financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“US GAAP”) and should be read in conjunction with the annual financial statements for the fiscal year ended June 30, 2013. The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America requires the use of estimates and assumptions that affect the reported amounts of assets and liabilities at the dates of the financial statements, and the reported amounts of revenues and expenses during the reporting period.  In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein.  Actual results could differ from these estimates and assumptions and could have a material effect on the Company's reported financial position and results of operations. Notes to the financial statements which would substantially duplicate the disclosure contained in the audited financial statements for the most recent fiscal year 2013 as reported in Form 10-K, have been omitted.  Results of operations for the three months ended September 30, 2013 are not necessarily indicative of the results expected for the fiscal year ending June 30, 2014.

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5. MINERAL PROPERTY COMMITMENTS - RELATED PARTY (Details) - Advanced Royalty Payments (USD $)	60 Months Ended	120 Months Ended
	Feb. 20, 2017	Jul. 26, 2022	Oct. 23, 2021
Advanced Royalty Payments [Abstract]
Upon execution of Agreement	$ 100,000	$ 6,000	$ 500,000
First Anniversary of the Agreement	10,000	15,000	10,000
Second Anniversary of the Agreement	20,000	20,000	20,000
Third Anniversary of the Agreement	30,000	30,000	30,000
Fourth Anniversary of the Agreement	40,000	40,000	40,000
Fifth through the tenth Anniversary		50,000	50,000
Eleventh Anniversary and thereafter		$ 100,000	$ 100,000

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4. STOCKHOLDERS' EQUITY, COMMON STOCK AND WARRANTS (Details) (USD $)	1 Months Ended	2 Months Ended		3 Months Ended				15 Months Ended		80 Months Ended
	Mar. 31, 2012	Sep. 30, 2012	Dec. 31, 2011	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013
Stockholders' Equity Note [Abstract]
Stock Issued During Period, Shares, Acquisitions	100,000	300,000	500,000		100,000	50,000	100,000
Sale of Stock, Price Per Share (in Dollars per share)	$ 0.02	$ 0.10	$ 0.02	$ 0.10	$ 0.10	$ 0.10	$ 0.10	$ 0.10	$ 0.10	$ 0.10
Stock Issued During Period, Value, Acquisitions (in Dollars)	$ 2,000	$ 30,000	$ 10,000		$ 5,000	$ 5,000	$ 10,000	$ 10,000	$ 30,000	$ 57,000
Stock Issued During Period, Shares, Issued for Services				200,000
Stock Issued During Period, Value, Issued for Services (in Dollars)				$ 100,000

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5. MINERAL PROPERTY COMMITMENTS - RELATED PARTY (Details) - Work Commitment (USD $)	Jul. 26, 2017	Sep. 30, 2013
Work Commitment [Abstract]0
First Lease Year	$ 5,000	$ 5,000
Second Lease Year	10,000	25,000
Third Lease Year	25,000	50,000
Fourth Lease Year	50,000	75,000
Fifth Lease Year and thereafter	$ 100,000	$ 100,000

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5. MINERAL PROPERTY COMMITMENTS - RELATED PARTY (Details) - Work Commitment (USD $)	Jul. 26, 2017	Sep. 30, 2013
Work Commitment [Abstract]
First Lease Year	$ 5,000	$ 5,000
Second Lease Year	10,000	25,000
Third Lease Year	25,000	50,000
Fourth Lease Year	50,000	75,000
Fifth Lease Year and thereafter	$ 100,000	$ 100,000

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Document And Entity Information (USD $)	3 Months Ended
	Sep. 30, 2013	Nov. 04, 2013
Document and Entity Information [Abstract]
Entity Registrant Name	Idaho North Resources Corp.
Document Type	10-Q
Current Fiscal Year End Date	--06-30
Entity Common Stock, Shares Outstanding		7,961,007
Entity Public Float		$ 0
Amendment Flag	false
Entity Central Index Key	0001543395
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Smaller Reporting Company
Entity Well-known Seasoned Issuer	No
Document Period End Date	Sep. 30, 2013
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q1

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5. MINERAL PROPERTY COMMITMENTS - RELATED PARTY (Details) - Advanced Royalty Payments (USD $)	60 Months Ended	120 Months Ended
	Feb. 20, 2017	Jul. 26, 2022	Oct. 23, 2021
Advanced Royalty Payments [Abstract]0
Upon execution of Agreement	$ 100,000	$ 6,000	$ 500,000
First Anniversary of the Agreement	10,000	15,000	10,000
Second Anniversary of the Agreement	20,000	20,000	20,000
Third Anniversary of the Agreement	30,000	30,000	30,000
Fourth Anniversary of the Agreement	40,000	40,000	40,000
Fifth Anniversary and thereafter	$ 50,000