10-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

(Mark One)

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

For the fiscal year ended August 31, 2017

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

For the transition period from ____________ to ____________

COMMISSION FILE NUMBER 333-194322

RECURSOS QUELIZ, INC.

(Exact name of registrant as specified in its charter)

NEVADA	30-0818620
State or other jurisdiction of incorporation or organization	(I.R.S. Employer Identification No.)

Las Caobas, 4th St., No. 24, Puerto Plata, Dominican Republic
(Address of principal executive offices)	(Zip Code)
Registrant's telephone number, including area code	(809) 970-2353
Securities registered pursuant to Section 12(b) of the Act:	NONE.
Securities registered pursuant to Section 12(g) of the Act:	Common Stock, $0.001 Par Value Per Share.

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined by Rule 405 of the Securities Act. ¨ Yes    x No

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. o Yes    x No

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. x Yes    o No

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

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

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

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

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

State the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant’s most recently completed second fiscal quarter: $40,000 as of August 31, 2017, based on the registered resale of securities on Form S-1/A effective December 17, 2014 at a price of $0.002 per share.

Indicate the number of shares outstanding of each of the registrant’s classes of common stock, as of the latest practicable date. As of November 30, 2017, the Registrant had 90,000,000 shares of common stock outstanding.

RECURSOS QUELIZ, INC.

ANNUAL REPORT ON FORM 10-K

FOR THE YEAR ENDED AUGUST 31, 2017

TABLE OF CONTENTS

PART I		PAGE
ITEM 1.	BUSINESS.	3
ITEM 1A.	RISK FACTORS.	5
ITEM 2.	PROPERTIES.	5
ITEM 3.	LEGAL PROCEEDINGS.	16
ITEM 4.	MINE SAFETY DISCLOSURES.	16
PART II
ITEM 5.	MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES.	17
ITEM 7.	MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.	21
ITEM 8.	FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.	26
ITEM 9A.	CONTROLS AND PROCEDURES.	37
ITEM 10.	DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE.	39
ITEM 11.	EXECUTIVE COMPENSATION.	42
ITEM 12.	SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS.	43
ITEM 13.	CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE.	47
ITEM 14.	PRINCIPAL ACCOUNTING FEES AND SERVICES.	48
ITEM 15.	EXHIBITS, FINANCIAL STATEMENT SCHEDULES.	49
SIGNATURES.		50

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PART I

This Form 10-K, particularly in the sections titled “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Business,” contains forward-looking statements that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this Form 10-K, including statements regarding our future financial condition, business strategy and plans and objectives of management for future operations, are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “believe,” “may,” “might,” “objective,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “expect,” “predict,” “potential,” or the negative of these terms or other similar expressions. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. These forward-looking statements are subject to a number of risks, uncertainties and assumptions described under the section titled “Risk Factors” and elsewhere in this Form 10-K, regarding, among other things:

● our attempts to explore La Mina claim in the Dominican Republic;

● we have identified a mineral property in the Dominican Republic named La Mina which we will be exploring in the near future;

● we may not be able to compete with other mining companies, either large or small, who operate in the Dominican Republic; and

● there is no assurance we will be able to manage our future growth.

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

You should not rely upon forward-looking statements as predictions of future events. The events and circumstances reflected in the forward-looking statements may not be achieved or occur. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Moreover, neither we nor any other person assume responsibility for the accuracy and completeness of the forward-looking statements. Except as required by law, we undertake no obligation to update publicly any forward-looking statements for any reason after the date of this Form 10-K to conform these statements to actual results or to changes in our expectations.

As used in this Annual Report, the terms “we,” “us,” “our,” “Recursos Queliz” and the “Company” mean Recursos Queliz, Inc., unless otherwise indicated. All dollar amounts in this Annual Report are expressed in U.S. dollars, unless otherwise indicated.

ITEM 1. BUSINESS.

Overview of Our Business

We are an exploration mining company with our principal offices located at No. 24, 4^th Street, Las Coabas, Peurto Plata, Dominican Republic. Our phone number is 809-970-2353. Our President, Secretary and Treasurer, Juan Alexi Payamps Dominiguez, incorporated El Caporal Management, SRL, our wholly owned subsidiary, in the Domincan Republic and the parent company in Nevada in order to seek out and acquire a mineral property in the Dominican Republic. With strong gold prices at that time he was interested in acquiring a property where gold might be discovered in sufficient quantities to warrant possible future production. We were incorporated in the State of Nevada on September 20, 2012 under the name “Recursos Queliz, Inc.”

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On September 18, 2012, we purchased a 100% interest of the Queliz Gold Concession (“Queliz Concession”) in San Jose de Ocoa, Dominican Republic. The Queliz Gold Concession consists of 5,200 mining hectares registered with the Ministry of Mines in the Dominican Republic. The Queliz Concession was acquired on September 18, 2012 by El Caporal Management, SRL. The Queliz Concession cost $13,000 to acquire it from the Department of Mines in the Dominican Republic.

On September 23, 2012, the subsidiary paid $25,800 for an exploration program on the Queliz Concession. The geologist carried out work in November 2012 and prepared a report with recommendations in February 2013. In August 2013, the Company paid for additional work on the concession in the amount of $19,778. Even with the Company undertaking two exploration programs on the Queliz concession, the Director of Mines for the Dominican Republic cancelled the Company’s rights to any mineralization on the claim.

As at August 31, 2017, we had $3,132 in cash with no other assets. From our inception on September 20, 2012 through August 31, 2017, we have raised $90,000 in capital in private placement (through the issuance of 90,000,000 shares of common stock at the price of $0.001 per share to our director). Queliz has raised no other funds since that time other than advances from its sole director and officer in January and February 2014 in the amount of $50,000 respectively and two other advances of $25,000 in August and November 2015 and $15,000 in January, $10,000 in on March and another $10,000 in April 2017 for a total amount of advances of $135,000. These advances are on a demand bases and bear no interest.

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

We shall continue to be deemed an emerging growth company until the earliest of—

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

(B) the last day of the fiscal year of the issuer following the fifth anniversary of the date of the first sale of common equity securities of the issuer pursuant to an effective registration statement under this title;

(C) the date on which such issuer has, during the previous 3-year period, issued more than $1,000,000,000 in non-convertible debt; or

(D) the date on which such issuer is deemed to be a ‘large accelerated filer’, as defined in section 240.12b-2 of title 17, Code of Federal Regulations, or any successor thereto.

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

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

As an emerging growth company we are exempt from Section 14A(a) and (b) of the Securities Exchange Act of 1934 which require the shareholder approval of executive compensation and golden parachutes.

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We have irrevocably opted out of the extended transition period for complying with new or revised accounting standards pursuant to Section 107(b) of the Act.

Our Company is a start-up, exploration mining company formed to explore mineral properties in the Dominican Republic or elsewhere in the world.

The Company purchased, through its wholly-owned subsidiary, El Caporal Management, SRL (herein known as “El Caporal”) a 100% interest in the Queliz concession in the Dominican Republic. After having completed two exploration programs on the Queliz concession, the Director of Mines for the Dominican Republic cancelled the concession.

Our director has advanced $1,292 by way of paying on behalf of the Company certain expenses. In addition, he has advanced a further $135,000 for working capital purposes.

As at August 31, 2017, we had $3,132 in cash on hand and current liabilities of $170,880 resulting in a negative working capital position of $(167,748). Unless the Company is able to raise additional working capital in the future it might have to cease operations.

The Queliz concession, prior to its cancellation, had no production and hence was considered a grass roots property; since limited exploration work had occurred in the past. We have no other assets other than cash and therefore are considered a shell company.

ITEM 1A. RISK FACTORS.

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

ITEM 2. PROPERTIES.

The original property held by the Company was the Queliz concession located in the Dominican Republic. The Company undertook two exploration programs on this concession before the Director of Mining for the Dominican Republic cancelled our rights to the minerals on this concession. Therefore, the Company has no further interests in the minerals located on the Queliz concession. No real explanation was given for the cancellation of the concession.

We presently have the mineral rights to La Mira property.

It is located in the Provinces Santigo and La Vega, municipality San Jose de las Matas and Jarabacoa, municipal district of Las Placetas and Manabao, sections Mata Grande, Jamamu and La Cienaga, and the Villages of Guacaritas, Rancho al Medio, Los Apostentos, El Valle, La Mina, Moshosa, Montellano, Jamamutico, Boca de los Rios and Los Tablones.

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Geology of the Region

The mineralization of greater economic interest in the Dominican Republic correspond to massive sulphide ores of hydrothermal replacements and laterite concentrations. The massive sulphides are preferentially located in the Maimon Formation and formations Los Ranchos, Duarte, Tireo and Peralvillo. In the Maimon Formation have identified several Prospects Massive Sulphide mineralization such as: Cerro Maimon Loma Barbuito and Heavy.

The epithermal mineralization are preferably in the Formations Los Ranchos and Tireo, where you can highlight the tank sulphides Pueblo Viejo (Au, Ag, Zn) the deposit of Managua (Au, Ag) Deposits and Centenario (Au) and Candelones (Au).

The case of Pueblo Viejo is very particular, if the hypothesis that relates to Maar is true, the chances of a similar system there are very limited. If the situation in which the epithermal system associated with massive sulfide and acidic domes is correct, then there are more chances of finding similar systems.

The assessment of areas with mining potential of metallic minerals is related to geodynamic processes developed in Hispaniola, in origin related to plate tectonics. The evolution of the Caribbean Plate presents different episodes of continuous transformation, this evolution is also lithological with input from volcanic material and intrusion of plutons and subsequent metamorphic process. During these developmental periods affected include between Hispaniola island arc formation in the Upper Jurassic and Cretaceous to Eocene, although there is evidence of Quaternary volcanism without major contributions of metallic ores.

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The most representative tectonic events are associated with the contribution of volcanic rocks and large primary guidelines where this feature is in line with its geotectonic framework that is particularly favorable to the formation of various types of mineralization, many with great importance and economic significance. The global metallogenic analysis match the extraordinary fertility of the fields of island arc for the genesis of mineral deposits, especially regarding major types, such as hydrothermal volcanogenic massive sulfide (VHMS), epithermal, porphyry copper deposits including.

To obtain positive results in the exploration program, efforts will be directed to develop a mining project of exploitation of metallic minerals, to meet the current needs of the international market. 

Exploration Program Proposed

In order to meet the principal conditions and logistical details, geological, petrological, chemical, mineralogical and assess the probable and exploitable reserves Rock of interest in targeted areas, besides establishing a fundamental principle of social conditions and environmental policies available for the project in question, referred the following activities.

Planning

In the management work, we will rely on the basic information, from technical research and / or scientific area or close to it and consulting thematic mapping of the area. The analysis of this information will allow us to establish a geological model of the reservoir, and thus determine the logistics to develop during the scanning process. This information is required to identify areas with mining potential, plus you may define areas that warrant further study in detail.

Geological Survey

To have a better understanding of project success, we will do a series of evaluation studies and collection of information in order to know all the geological, mineralogical and structural area of interest and surroundings were made, a geological survey of semi detailed will be made, aimed at identifying the main existing lithological units and make systematic sampling in order to differentiate varieties of rock lithology interest and to demarcated according to their physical characteristics and chemical composition, and develop a geological model that allows us to infer their behavior from the sub-soil, topography correlating with outcrops identified and grouping it by interest group, according to the demands and solutions satisfaction.

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Exploration

The exploration phase of the mining project will be in two stages, regional and detail. The first is the recognition of lithologic units in the area, determining its extent and thickness and fracturing associated with larger structures such as faults.

A regional sampling will be made in photogeological scale in the plan 1 / 20,000.00. Exploring in detail consist of a selective sampling of rocks and active sediments to determine their metallogenic characteristics, in the same manner, stratigraphic columns of geological formations will arise calicatas be planned, nets for soil sampling was conducted, and all this field information will be done with GPS.

The exploration phase will conclude with geological-mining information, where the reservoir model is presented, and the geophysical and / or drilling campaigns are designed, the volume of potential reserves are determined, the overburden will be estimated and economic viability of the mining project will be assessed.

It also includes the set of activities that allow access to (the) site (s) and the establishment of basic infrastructure for the mining project, this includes the acquisition of mineral rights and environmental permits to start mining, detailed design and construction of supports, as well as machinery, budgeting, and economic viability.

After performing all basic studies to detailed engineering we will begin with preliminary work in the area where the fronts to undermine and its facilities are located. Among the highlights infrastructure access roads, networks of power and drinking water, the ground for the installation of the processing plant, the area of collection of raw materials and waste dumps for recovery of mined fronts.

Exploration Program

In order to achieve the main logistics, geological and mining details, we have scheduled a plan of geological and mining work to be done in the area of the Concession Exploration for Minerals and Precious Metal (Gold, Silver, Copper, Zinc and Lead), called "LA MINA", in addition to assessing the socio-economic and environmental conditions that currently exist in the area of the mining project.

General Recognition

The purpose of this phase is to delineate areas of interest that must be priority targets for a detailed study. This stage include the definition of regional geological environment and mining, using as point maps and existing items obtained from the previous compilation phase. The purpose is to understand the high-grade mineralization.

It is planned to map scale 1 / 20,000.00 of geological formations, structures, alterations and occurrences of mineralization to locate all representative outcrops in the area, while conducting geochemical sampling of mineralized outcrops and altered. These activities will be supported by the database collected during the compilation, including satellite imagery and aerial photographs. The photographs will be used alongside the available topographic maps, GPS receivers and polygon drawn with compasses and tapes countryside location.

The fieldwork will be conducted by geologists, prospectors assisted by technicians and local labor, forming brigades of field, to which they are assigned specific areas. These teams will be structured based on logistical convenience, and as it progresses the proposed program, will be gathering information in a database to be closing anomalies discovered.

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Rocks and Sediment Sampling Assets

During this phase, a detailed sampling of rocks and sediments assets to complement previous work in the area program will be implemented. River sediments will be collected both permanent and seasonal streams. Initially, a pilot study, in each sampling one sifted sample and a concentrated punt will collect and examine which exists among the best signal geochemical anomalies. We anticipate at this stage to collect approximately one sample per stream or ravine, which could mean an approximate sampling to 5 samples per square kilometer, or requiring the area.

Samples shaped rock chips will be taken from any or altered mineralized outcrop is located. These samples will be taken at the discretion of the leading field geologist to obtain a representative specimen of mineralization and / or alteration. Rock samples will be taken along gutters, cut through the mineralized outcrops and / or altered.

Rock samples and sediments will be stored in plastic bags, labeled for identification, packaged and sent for chemical analysis through a chain of custody to a laboratory accreditation and international solvency, we can ensure data consistent and reliable exploration, and allow us track progress in real-time results to be closing or expanding areas of anomalies.

Samples will be analyzed by atomic absorption or induced multiple elements plasma, among which include Au, Ag, Ba, Bi, Cd, Co, Cu, Fe, Ga, Hg, In, Pb, Sb, Sn, Te, W, Zn, and other indicators of mineralization associated with the type of deposit explored.

The results of the analysis are plotted together to geology, in detailed maps of anomalies and limits of these anomalies will be determined mediantes geostatistical analysis of the samples.

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Cutting Lines and Soil Sampling

During this phase of mapping it is planned to establish one or more meshes soil sampling due to the efficiency of this method of exploration to define areas of hidden mineralization, covered by soil or weathering. The grid or mesh will be established with topography and surveying using precision equipment such as traffic type total station and / or differential GPS. The sampling interval to be used, typically in the order of 50-200 meters apart lines and from 25-100 meters between samples.

Soil samples will be taken into wells dug by hand with pick and shovel or hand holes using Auger type, from a depth of about 50 Cms., Or enough to sample the horizon "B" of the soil profile. Like rock samples and sediments, soil samples will be sent on the same basis for analysis to an accredited laboratory with recognized international standards of quality.

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Detailed Geological Mapping

During this phase, we will develop detailed maps at 1: 10,000 or of larger outcrops and cuts along roads, drainage, firm and so on. Will be taken detailed structural measures, including stratifications, faults and joints, folds, foliations and addresses of veins. Simultaneously a systematic geochemical sampling along continuous gutters or chip on outcrops are performed.

As a basis for this detailed mapping will be used aerial photos, GPS receivers and detailed topographic maps as well as a network of local control surveying points along a grid or mesh established specially for this purpose.

Throughout the exploration program a vast precaution is taken to ensure quality control in the collection and analysis of samples, especially rocks, by including verification testing with known standards and random repetition of a number of samples for ensuring the accuracy of the analytical methods.

The results of chemical analyzes will be plotted in a digital format previously designed to complement previous work, and using computer programs specially designed for this purpose.

The results will be statistically analyzed to extract the three-dimensional anomalies of interest to them. Similarly, the results will be periodically checked by routine checkups in separate laboratories.

Pits and trenches

Digging pits and / or trenches on areas where it is necessary to expose rocks covered by soil and vegetation will be considered. The excavations will be carried out using a hydraulic backhoe or manually. This motor is compact and does not require access preparation. We will cut loose soil to 2.80 m (9'2''feet) deep to learn more about soil and subsoil, considering that there is no pattern yet to define where the first ends and begins the second.

The outcrops and areas of mineralization and / or discovered alterations during this activity will be mapped in detail and extensively sampled. The samples will be processed and analyzed in a similar way to the gutters and / or rock chip collected in the program of detailed mapping and geochemistry.

For this activity, while the works are in progress we will implement security measures such as fencing work areas and mark them properly, in order to restrict access to the work area to authorized personnel only. Once we have completed the work of excavation, mapping and sampling of the trenches and / or pits, a program of claim impacted areas will be conducted. This will include filling the trenches and / or pits used for the same purposes extracted material, restoring soil and topsoil removed and replanted with grass, shrubs and / or endemic plants.

Geophysics

Induced polarization (IP) by the time domain technique that provides power to the ground with a pulse of alternating square wave upon shall be determined by current injection apparent resistivity bulk soil to identify metal mineralization related ground and calculated from the input current and voltage primary measures mineralized zones and ensure other studies such as drilling, which will allow us to confirm, across the mineralization identified at depths and model them with surface results their similarities with relatively strong anomalies. Also will be identified and confirmed the structures or failure and abnormal concentrations for the Exploration Concesion (Gold, Silver, Copper, Zinc and Lead), called LA MINA.

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Drilling

A first phase of exploratory drilling include at least about 4200.00 meters of diamond drilling on priority areas. It is not possible without a priori knowledge of the geology of the area and the proposed program of geophysics, determine the specific parameters of each probe, which will be distributed according to the anomalous areas and disturbed mineralization identified, but one would expect that most of these exceeding 150 meters. The polls will in diameter NTW (2,205 Sch. (5.61 Cms.)) Method that guarantees a 38.00% increase in the diameter of the resulting core NQ model, since it is characterized as a cut thin wall, increasing the cutting efficiency and recovery.

The orientation of these will be determined by the geological conditions of the explored areas and the results of the geophysical program.

The reason for choosing this drilling system is the versatility with which you can move this drill to remote or inaccessible places, without having to develop or build access roads, equipment can also be disassembled and built by hand, and space required, which shall never exceed 25.00 Mts2 addition to this equipment requires approximately 20.00% of tork, resulting in a significant drop in fuel consumption.

Because the perforations require water for circulation and cooling of the drill, it will be obtained from local surface sources. This water will be pumped up to drilling platforms, which will enter into a semi-closed circuit. Water will enter the circuit only when the poll and not re-circulate to the surface, but it infiltrates into the well. Fluid within the circuit is usually added drilling additives based on biodegradable polymers and bentonite clays. Cement may be used to control cavities and collapse of the probes to how to stabilize the direction of drilling or prevent leakage of water therefrom. These products are non-toxic and rapidly degradable, however will be treated with extreme caution and will be used in the minimum quantities required and the time when circumstances so require.

The drilling program will be carried out under the constant supervision of geologists to ensure the quality of work and compliance by the contractor with the standards of environmental protection and safety set by the developer of the award.

The exploration will be mapped to locate progress and depth deviation. After completion of the wells will be jacketed with PVC plastic, a way to ensure that no occurrence of future accidents and ensure, if required, test some method of three-dimensional geophysical or any other study.

Evaluation of Results

Once the exploration program completed, all information generated by the laboratory analysis will be compiled into a specialized computer system. Vertical sections and plan be developed and a three-dimensional model of the mineralization. Similarly the economic potential of any found reservoir is modeled using geostatistical methods.

Possible extensions of mineralization and the occurrence of other previously unrecognized mineralized zones were considered. Based on these interpretations the next phase of the program will be designed, if the results obtained to date warrant will be a reserve evaluation using reverse circulation drilling. To complement this program drilling with diamond cutting and retrieval purposes witnesses detailing the geological knowledge of the area will continue.

If the drilling results continue to provide positive information, they will not stop until both are not managed through the mineralized zone, and the next step, once you have located a significant mineral resource is to conduct a preliminary feasibility study and consider all possible scenarios for an eventual mining operation.

Calculation of Mineral Reserves

From the geological information obtained and the contributions obtained from the test pits and boreholes in the area, we will select the áreas with greater potential and delimit deposits most relevant sites.

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Thus determine the probable reserve of the Concesion Exploration for Basic and Precious Metals and Minerals (Gold, Silver, Copper, Zinc and Lead), called "LA MINA" to define lifetime, compared to operating model predefined would last the reserve of (the) site (s), determining all relevant investments at short, medium and long term.

Making Bi-annual and Annual Reports

To comply with the provisions of Article 72 of the Mining Law No. 146, dated 4 June 1971 and Regulation No. 207-98, we will submit to the Directorate General of Mines, Three (03) Semiannual Reports with the progress of major exploration activities during the three (03) years of this application. These reports will supply any additional information on progress related to development in the present application where Mining Concession is located.

The Interim Report will present the progress of exploratory work which will include the sequence of activities and expenditures.

The Annual Reports, will inform the results obtained during the period, including sampling, surveying and geological correlations, screening methods employed for localization and definition of deposits of mineral substances.

It is anticipated that during the first three years of exploration we will have enough information to decide whether waiving the requested area or an exploitation concession is requested.

Socio-Economic Environmental Study

In order to know in details all the features of the area to evaluate, we will make a general recognition of it, where we will measure:

Flora and Fauna

First you must know the vegetation of the area, what are the endemic plants of the region and where the main aquifer runoff are, for the purpose of making an inventory of the flora and fauna and in the future have defined the remediation plan it would be implemented at project completion.

Population

Population of major communities and their modus vivendis, main sources of income, profits or scope of communities regarding the possession of services such as electricity, drinking water supplies and other benefits, is a fundamental part of the study to be performed.

Ways of Communication

Major roads, be it roads and highways and conditions, will be essential for the advancement of the exploratory work guidance, as these allow us to have a major advance, allowing us to penetrate different areas, which will be the starting point for areas.

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Economic Feasibility Study Project

With all aspects of both geological, mining, technological, environmental, logistical and social acquaintances, field studies will be prepare in orderto establish the economic feasibility for implementation of the project.

In this context, we will prepare a study of the market or the products and sub-products derived from the operations at local, regional and international levels to quantify all the costs associated with the production, the level of investment required for the development will be defined and implementation, and in the same way, parameters to measure the level of desirability or feasibility of using the investment needed in implementing the project evaluated and the return of the capital invested will be calculated.

Exploration Budget – Phase II

Item Units	Number and Cost	Total Cost USD
Salaries
Supervising Geologist	22 days @ $600/day		13,200
Geological Assistant	22 days @ $200/day		4,400
Transportation	1,500 km @ $0.75/km		1,125
Camp costs/lodging	22 days @ 100/day		2,200
Compiliation
Data and digitizing	15 day @ $150/day		2,250
Drill hole interp & modeling	11 days @$600/day		6,600
Structural consultant	17 days @ $200/day		3,400
Soil Geochemistry			12,500
Diamond drilling (initial test holes)	150 m @ $60/m		9,000
Assay of Drill core	150 samps @ $34/sample		5,100
SUBTOTAL			59,775
Contingency	10%		5,978
TOTAL USD			65,753

Exploitation Concession Application

Geological explorations in the requested área called "LA MINA" has positive results, ie one or more anomalies and / or damage to metallic minerals with a law that allows a rational exploitation locate the area and the economic evaluation studies would evidence that these resources can be developed in an economically viable project, then all information obtained will be collected, and this compendium proceed to make the corresponding file to request the Dominican Government, through the Directorate General of mining, a mining concession area delimiting the deposit or deposits evaluated, following the requirements and standards set out in the Mining Act in force and the provisions of the Implementing Regulations of this Law and the governing body of the official mining sector.

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Design Method of Operation

Knowing the geological and logistical conditions of the area and the distribution and amount of exploitable reserves, in the event that these justify their exploitation, and knowing the demand for raw materials of the project, the main characteristics or mining methods to be defined that they allow an optimal and rational use of useful resources, minimizing negative environmental effects, allowing us to maintain harmony among neighbors, as active principal, and adjust to a program of corporate social responsibility, to be efficient and the transfer of technology and modern mining techniques that were needed by.

As a structural study, defining the directions and dips, the geometry of the reservoir, we would identify the technology to be used, equipment, machinery, staff make rational exploitation of any mineral deposit, also determining demand and possible sources of supply for the project of water and energy resources.

Environmental Impact Assessment Project

Parallel to the request for granting exploitation of resources assessed and known technical features in the areas of geology, mining, calculation of reserves and others, and economic conditions of the project we intend to make in the requested area shall be dealing with the Ministry of Environment and Natural Resources Terms of Reference for the EIA will be required to complete the permits for obtaining prior to the start of any mining operations Environmental License.

Following the specifications of the Terms of References cited and with the multidisciplinary team needed, the Environmental Impact Study and design of the Management Plan and Environmental Adjustment that must be implemented operations will take place before, during and after the conclusion.

As access for exploratory work mapping, sampling and drilling will be used the same roads used by villagers (farmers), so that logging or tree or shrub is not necessary, nor removal will be necessary topsoil throughout the exploration program (soil and rock geochemistry, geophysics and drilling).

So we would be betting on developing a mining based on a commitment to socio-environmental responsibility, maintaining a close relationship with the economic socio-physical-biotic and scenarios in different existing ecosystems, allowing participation of different social actors and designing instruments for the recovery and conservation of the environment and renewable natural resources, while sustainable development of mining and neighboring communities would be promoted as the established processes of environmental management model base environmental planning is created and renewable natural resources management plans through which they can achieve the goals of recovery, conservation and sustainable development to ensure that management involves environmental education and citizen participation, knowledge, conservation and sustainable use of biodiversity, pollution control, management, use and control of renewable natural resources.

Competitive Factors

We are a small exploration company with limited personnel and funds. There are many other exploration companies who have more personnel and funds at their disposal to carry out exploration and extraction on their concessions. Further, they will be able to attract expertise and workers better with higher salaries. This is a huge disadvantage for us.

Recursos Queliz’s Main Product

Recursos Queliz’s main product will be the sale, if a mineral ore reserve is identified on La Mina mineral property, of gold or other minerals that can be extracted from it once the claim has been explored.

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Exploration Facilities

The Company has no plans to construct a mill or smelter on La Mina and the likely hood of an ore body being discovered is slight. While in the exploration stage, the crew of workers will be housed in tent located on La Mina or in is a town nearby and then the facilities in the town will be used. This will initially avoid building any structures either permanent or removable on La Mina.

We have no plant or significant equipment, nor are we going to buy any plant or significant equipment during the next twelve months. We will not buy any equipment until we have both located a body of ore on the mineral claim to be identified and have determined the economical feasibility of its extraction.

Employees

Besides the director, no other employees exist within the Company. For any future exploration program on La Mina, we will likely retain the services of the geologist. He will be responsible for hiring addition personnel to assist in the exploration as he sees fit. Once the exploration work is complete, the geologist and any other personnel he has hired will be terminated to reduce our on-going expenditures. Others may be hired on short-term bases as needed. Nevertheless, we are hoping to be able to hire full time employees once we have proven ore reserves on La Mina claim.

Consulting Fees

Other than the fees spent to prepare the effective registration statement and for identifying a market maker for the Company, the Company is not expecting to hire any other consultants in the near future. This does not take into consideration consulting work relating to future geological reports on La Mina. Such consulting fees cannot be determined at this time.

Contractual Obligations

We currently have no contractual obligations. We have not entered into any contracts with the director, contracting geologist or other individuals or companies. There are no contracts for equipment or with mineral processing and refining facilities. There are also no contracts with potential purchaser or joint-venture partners.

Research and Development Expenditures

Recursos Queliz has not expended any money on research and development since its inception.

Patents and Trademarks

Recursos Queliz does not have any patents or trademarks.

ITEM 3. LEGAL PROCEEDINGS.

We are not a party to any pending litigation and none is contemplated or threatened.

ITEM 4. MINE SAFETY DISCLOSURES.

Not Applicable.

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PART II

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

No Public Market for Common Stock

There is no public market for our common shares due to not being either quoted or listed on a recognized stock exchange. Recursos Queliz will make an application to FINRA for a quotation on the OTCBB now that its registration statement has become effective. There is no guarantee that the Company’s shares will ever be quoted on the OTCBB.

The SEC has adopted rules that regulate broker-dealer practices in connection with transactions in penny stocks. Penny stocks are generally equity securities with a price of less than $5.00, other than securities registered on certain national securities exchanges or quoted on the Nasdaq system, provided that current price and volume information with respect to transactions in such securities is provided by the exchange or quotation system. The penny stock rules require a broker-dealer, prior to a transaction in a penny stock, to deliver a standardized risk disclosure document prepared by the SEC, that: (a) contains a description of the nature and level of risk in the market for penny stocks in both public offerings and secondary trading; (b) contains a description of the broker's or dealer's duties to the customer and of the rights and remedies available to the customer with respect to a violation to such duties or other requirements of Securities laws; (c) contains a brief, clear, narrative description of a dealer market, including bid and ask prices for penny stocks and the significance of the spread between the bid and ask price; (d) contains a toll-free telephone number for inquiries on disciplinary actions; (e) defines significant terms in the disclosure document or in the conduct of trading in penny stocks; and (f) contains such other information and is in such form, including language, type, size and format, as the SEC shall require by rule or regulation.

The broker-dealer also must provide, prior to effecting any transaction in a penny stock, the customer with: (a) bid and offer quotations for the penny stock; (b) the compensation of the broker-dealer and its salesperson in the transaction; (c) the number of shares to which such bid and ask prices apply, or other comparable information relating to the depth and liquidity of the market for such stock; and (d) monthly account statements showing the market value of each penny stock held in the customer's account. In addition, the penny stock rules require that prior to a transaction in a penny stock not otherwise exempt from those rules; the broker-dealer must make a special written determination that the penny stock is a suitable investment for the purchaser and receive the purchaser’s written acknowledgment of the receipt of a risk disclosure statement, a written agreement to transactions involving penny stocks, and a signed and dated copy of a suitably written statement.

These disclosure requirements may have the effect of reducing the trading activity in the secondary market for our stock if it becomes subject to these penny stock rules. Therefore, if our common stock becomes subject to the penny stock rules, stockholders may have difficulty selling those securities.

Common Shares

At this time the outstanding number of common shares is 90,000,000. Only 20,000,000 of these common shares were registered under our effective registration statement and have been sold by our director to various third parties. All our outstanding common shares are fully paid and non-assessable.

Our shareholders are entitled to one vote for each share owned on any and all matters brought forth at a shareholders’ meeting. There are no cumulative voting rights, which mean that the shareholder or shareholders owning 50% of the issued and outstanding shares in our capital stock can elect the entire Board of Directors. Therefore, any shareholder or shareholders, cumulatively, with less than 50% cannot elect any director to the Board of Directors on their own. Pursuant to the provisions of Section 78.320 of the Nevada Revised Statutes (the “NRS”) and Section 8 of our Bylaws, at least one percent of the outstanding shares of stock entitled to vote must be present, in person or by proxy, at any meeting of stockholders in order to constitute a valid quorum for the transaction of business. Actions taken by stockholders at a meeting in which a valid quorum is present are approved if the number of votes cast at the meeting in favour of the action exceeds the number of votes cast in opposition to the action, provided, however, that directors are elected by a plurality of the votes of the shares present at the meeting and entitled to vote. Certain fundamental corporate changes such as the liquidation of all our assets, mergers or amendments to our Articles of Incorporation require the approval of holders of a majority of the outstanding shares entitled to vote.

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Holders of our common stock have no pre-emptive rights, no conversion rights and no subscription rights. There are no redemption or sinking fund provisions applicable to the common stock.

The holders of our common stock are entitled to receive dividends on a pro rata based on the number of shares held, when and if declared by our Board of Directors, from funds legally available for that purpose. Section 78.288 of Chapter 78 of the NRS prohibits us from declaring dividends where, after giving effect to the distribution of the dividend we would not be able to pay our debts as they become due in the normal course of business; or except as may be allowed by our Articles of Incorporation, our total assets would be less than the sum of our total liabilities plus the amount that would be needed, if we were to be dissolved at the time of the distribution, to satisfy the preferential rights upon dissolution of stockholders who may have preferential rights and whose preferential rights are superior to those receiving the distribution. We do not, however, intend to pay any dividends in the foreseeable future and currently intend to retain all future earnings to finance our business.

Preferred Stock

At present, we have no plans to issues any preferred stock. If and when it is done, this would be under the authority of our Board of Directors, which would then determine the rights, privileges and restrictions thereof.

Rule 144 Share Restrictions 

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

Whereas an individual who is deemed to be an affiliate and has beneficially owned shares in our Company for at least six months can sell their shares in a given three month period as follows:

1.	One percent of the number of shares of our Company's common stock then outstanding, which the case of our current director and officer, will equal approximately 700,000 shares as of the date of this Form 10-K; or
2.	The average weekly trading volume of our Company's common stock during the four calendar weeks preceding the filing of a notice on form 144 with respect to the sale.

As of the date of this Form 10-K, we are a company that has either no or nominal operations and no or nominal assets (a “shell company”). In particular, Rule 144 is not available for securities initially issued by a shell company, whether reporting or non-reporting, or a company that was at any time previously a shell company, unless the company:

● has ceased to be a shell company;

● is subject to the Exchange Act reporting obligations;

● has filed all required Exchange Act reports during the preceding twelve months; and

● at least one year has elapsed from the time the company filed with the SEC current Form 10 type information reflecting its status as an entity that is not a shell company.

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As a result, our sole director and officer, being an affiliate, and any other person initially issued shares of our common stock, excluding those shares registered in our effective registration statement, may not be entitled to sell such shares until the above conditions have been satisfied. Upon satisfaction of these conditions, such sales by our director would be limited by the manner of sale provisions and notice requirements and to the availability of current public information about us as set forth above.

HOLDERS OF OUR COMMON STOCK

As of November 30, 2017, there were 41 shareholders holding 90,000,000 common shares of which our sole director and officer hold 70,000,000 common shares.

DIVIDENDS

Recursos Queliz’s Articles of Incorporation or Bylaws do not restrict it from declaring dividends. Nevertheless, the Nevada Revised Statutes, however, do prohibit us from declaring dividends where, after giving effect to the distribution of the dividend:

1.	We would not be able to pay our debts as they become due in the usual course of business; or
2.	Our total assets would be less than the sum of our total liabilities plus the amount that would be needed to satisfy the rights of stockholders who have preferential rights superior to those receiving the distribution.

Recursos Queliz has not declared any dividends since its inception and does not conceive that it will be declaring any dividends in the near future. Management wants to retain any excess funds in the Company for working capital and for further exploration on its La Mina mineral claim.

The holders of our common stock are entitled to receive dividends as may be declared by our Board of Directors; are entitled to share ratably in all of our assets available for distribution upon winding up of the affairs our Company; and are entitled to one non-cumulative vote per share on all matters on which shareholders may vote at all meetings of the shareholders.

The shareholders are not entitled to preference as to dividends or interest; preemptive rights to purchase in new issues of shares; preference upon liquidation; or any other special rights or preferences.

There are no restrictions on dividends under any loan or other financing arrangements.

Outstanding Stock Opinion, Purchase Warrants and Convertible Securities

Recursos Queliz has not issued any stock options to its sole director nor has it attached share purchase warrants to the shares issued and outstanding. There are no convertible securities as of the date of this Form 10-K. Queliz has not registered any shares for sale by security holders under the Securities Act other than as disclosed in our effective registration statement.

Our authorized capital consists of 400,000,000 shares of common stock, par value $0.001 per share, of which 90,000,000 shares are presently issued.

Non-Cumulative Voting.

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

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Employment Agreements

We have no employment agreement with our executive officer nor any other individual.

Equity Compensation Plans, Stock Options, Bonus Plans

No such plans or options exist. None have been approved or are anticipated. No Compensation Committee exists either.

Pension Benefits

We do not maintain any defined benefit pension plans.

Nonqualified Deferred Compensation

We do not maintain any nonqualified deferred compensation plans.

Change in Control of Our Company

We do not know of any arrangements that might result in a change in control.

Registered Agent

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

Transfer Agent

We have engaged the service of Action Stock Transfer Corp., Suite 214 – 2469 E. Fort Union Blvd, Salt Lake City, Utah, 84121, to act as transfer and registrar.

Debt Securities and Other Securities

There are no debt securities outstanding or other securities.

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RECENT SALES OF UNREGISTERED SECURITIES

None.

We filed with the SEC a registration statement on Form S-1 under the Securities Act of 1933, as amended, with respect to the offering of our common stock. For further information, with respect to us and our common stock offered under our effective registration statement, we refer you to the registration statement, including the exhibits and the financial statements and notes filed as a part of the registration statement. Statements contained in this Form 10-K as to the contents of any contract or any other document referred to are not necessarily complete, and in each instance, we refer you to the copy of the contract or other document filed as an exhibit to the effective registration statement. Each of these statements is qualified in all respects by this reference.

The exhibits to the effective registration statement should be referenced for the complete contents of these contracts and documents. You may obtain copies of this information by mail from the Public Reference Section of the SEC, 100 F Street, N.E., Room 1580, Washington, D.C. 20549, at prescribed rates. You may obtain information on the operation of the public reference rooms by calling the SEC at 1-800-SEC-0330. The SEC also maintains an Internet website that contains reports, proxy statements and other information about issuers, like us, that file electronically with the SEC. The address of that website is www.sec.gov.

Since our registration statement has become effective, we are subject to the information reporting requirements of the Securities Act and we will file reports, proxy statements and other information with the SEC. These reports, proxy statements and other information will be available for inspection and copying at the public reference room and website of the SEC referred to above. We do not at this time have our own website.

ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITIONS AND RESULTS OF OPERATIONS.

You should read the following discussion and analysis of our financial condition and results of operations in conjunction with our consolidated financial statements and their corresponding notes included elsewhere in this Form 10-K. The following discussion and analysis contains forward-looking statements that reflect our plans, estimates and beliefs. These forward-looking statements involve risks and uncertainties. Our actual results could differ materially from those discussed in the forward-looking statements. You should review “Risk Factors” for a discussion of important factors that could cause actual results to differ materially from the results described in or implied by these forward looking statements.

Overview

Recursos Queliz is a start-up company. We were incorporated in the State of Nevada on September 20, 2012. Previously we held the rights to the mineral rights to the Queliz Concession before it was cancelled by the Director of Mines for the Dominican Republic. The Company incorporated a wholly-owned subsidiary in the Dominican Republic on September 28, 2012 named El Caporal Management, SRL. which originally held the mineral rights to the Queliz concession and now to La Mina claim.

We previously have undertaken two surface exploration programs on the Queliz Concession. The first in September 2012 and the second in August 2013. Both these exploration programs comprised obtaining soil, sediment and rock samples from various areas of the Queliz Concession. Unfortunately, the Director of Mines in the Dominican Republic decided to cancel our rights to the minerals on the Queliz concession and hence we have no further rights to such minerals. During the current period the Company obtained the rights to the minerals on La Misa mineral claim located in the Dominican Republic.

We have a limited operating history and have not yet generated or realized any revenues from our activities. We are in the early stages of exploration, and there is a reasonable likelihood no revenue will ever be derived from any mineral concession we obtain in the futue. Even if exploration were successful, comprehensive economic and legal studies would also have to demonstrate the feasibility of production.

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Our financial statements contained in this Form 10-K have been prepared on a going concern basis, which assumes that we will be able to realize our assets and discharge our obligations in the normal course of business. No adjustments have been included in the financial statements; these adjustments would be necessary if we could no longer continue as a going concern.

Our auditors have issued a going concern opinion. In other words, there is substantial doubt that we can continue as an on-going business for the next twelve months unless we obtain additional financing. This is because we have not generated any revenues and no revenues are anticipated until we, if ever, locate a source of valuable minerals, extract them and sell them. Thus, we incurred a net loss from September 20, 2012 (inception) to August 31, of 2017 of $257,748. To continue, we must raise cash from other sources.

PLAN OF OPERATIONS

Our financial information deals primarily with our current liquidity as a result of being still in the exploration stage. As of August 31, 2017 we had negative working capital of $167,748 and is expected to increase still further during the next few months, Our director is not committed to advancing us funds although he did do so in January and February 2014 in the amount totaling $50,000 and a two further advances of $25,000 in August and November 2015 and three advances in 2017 totalling $35,000. If we do not raise additional funds, we will increase our working capital deficiency by the end of the next twelve months. Our future financial success is dependent on the successful finding and exploring La Misa mineral claim in the Dominican Republic. Such exploration may take many years and hefty financial investment to complete. Our success doing this is impossible to predict at this time. The value of any mineral reserve we might find would also be dependent on factors beyond our control such as currency exchange rates, fluctuating metal prices and mining regulations in the various jurisdictions we obtain mineral claims.

Funds Required over the Next Twelve Months.

We are committed to the following expenditures over the next twelve months which must be met if we are going to remain a going concern. Presently, we have limited available funds to meet these obligations unless our sole director is willing to advance us further funds. The following expenditures are estimates made by management based on what he feels will be the final amount due and payable. All amounts herein are expressed in United States dollars.

Estimated Expenditures for the twelve months			Total
Independent accountant performing bookkeeping services (i)	$	7,140
Auditor (i)		11,000	$	18,140
Filing fees including edgar charges (ii)				3,000
Office – courier, photocopying and faxing				400
Transfer agent – Annual Report filed with the Secretary of State for Nevada and the issuance of share certificates to shareholders				1,700
Subtotal				23,240
Accounts payable to independent third parties – as at August 31, 2017				34,588
				57,828
Less: Cash on hand as of August 31, 2017				(3,132	)
Additional funds required for the next twelve months			$	54,696

(i)       Represents fees for the next twelve months.

(ii)      Future charges for edgarizing the Form 10-K and 10-Qs for the next twelve months.

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It is estimated from the above cash analysis that the present cash position will not be sufficient for twelve months.

The sources available to the Company are as follows:

•         Further advances from our sole director and officer;

•         Seeking institutional lending with a personal guarantee from our sole officer and director; or

•         Once the Company has obtained a quotation on the OTCBB, if it ever does, to enter into an underwriting in order to seek funds from the investing public.

At the present time management has not considered any of these options.

RESULTS OF OPERATIONS

Expenses Incurred in Operations to Date.

The following are the expenses incurred in operation from the date of incorporation, being September 20, 2012, to August 31, 2017 as shown in the books of Recursos Queliz, Inc and El Caporal Management SRL;

	Recursos Queliz, Inc.		El Caporal Management		Consolidated Total
Independent bookkeeper and auditors	$	66,985	$	-	$	66,985
Exploration – two programs of surface exploration		-		92,060		92,060
Consulting fees		27,725		-		27,725
Edgarizing services		11,175		-		11,175
Filing fees – Interim Report on Officers, Directors		595		-		595
Filing fees – filing of Dominican Tax return and other		-		5,040		5,040
Incorporation of companies		689		3,000		3,689
Legal - fees charged to opinion letter on tradability of shock		1,525		-		1,525
Legal – fees charged by Dominican attorney		-		23,397		23,397
Office – photocopying charges		1,513		-		1,513
Office – membership to National Geological Association		-		885		885
Transfer agent – Initial List of Officers and preparation of incorporation documents, annual report		4,201		-		4,201
Travel – trips by attorney to Santa Domingo for meeting with Ministry of Mines and Energy	-			5,958		5,958
Write-off of cost of Queliz Concession		-		13,000		13,000
Total expenses to August 31, 2017	$	114,408	$	143,340	$	257,748

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Recursos Queliz pays all the expenses on behalf of El Caporal Management SRL thereby controlling the disbursements of funds.

Fiscal Year Ended August 31, 2017 compared to the period from August 31, 2016

Account	August 31, 2017		August 31, 2016
Accounting and audit	$	17,140	$	17,140
Consulting		8,000		15,000
Edgarizing		3,000		3,223
Exploration		12,980		12,980
Filing fees		-		650
Legal		5,000		2,800
Office		127		625
Transfer agent fees		1,108		1,001
Travel		-		1,596
Total	$	47,355	$	55,015

The expenses in the current year decreased by $7,660 due the a decrease in consulting fees relating to the consultant in the year ended August 31, 2016 charges a fee of $15,000 to identify a market maker for the Company. Unfortunately, the market maker choosen no longer wanted to file Form 15c-211. During the current year another consultant was engaged to identify a market maker but the Company has not yet proceeded with submitting the documents to this market maker. Legal expenses increased at of August 31, 2017 by $2,200 due to the attorney in the Dominican Republic having to completer certain filing with the Ministry of Mines for the Dominican Republic. No travel expenses were incurred during the current year compared to $1,596 in the previous year.

Liquidity and Capital Resources

As of August 31, 2017, we had $3,132 in cash which is not sufficient to meet our outstanding obligation of $170,880 of which $136,292 is owed to our sole director and officer. But as mentioned above, this is not sufficient cash to meet our obligations over the next twelve months. Our accounts payable as of August 31, 2017 comprise the fees charged by our bookkeeper for preparation of the financial statements for the period from August 31, 2014 to May 31, 2016 in the amount of $34,336, the balance owed for photocopying services in the amount of $252.

The only funds we have received since our incorporation are from the sale of shares in the amount of $90,000 and from advances from our director in January and February 2014 in the amount of $50,000 respectively and further advances in August and November 2015 of $50,000 as well as three advances in 2017 totalling $35,000. None of the funds from the sale of the 20,000,000 common shares sold under our effective registration statement accrued to the benefit of the Company. The funds advanced by our director are non-interest bearing and on a demand basis. The Company has not entered into an agreement with the director relating to these funds and for the foreseeable future does not expect to do so.

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At this time we have not made a decision as to where we will obtain additional funding to assist in the development of our Company including the exploration of La Mina claim. Certain avenues available to us are inducing our director to advance further funds to our Company, complete a private placement or undertake a public offering of our shares from Treasury.

Off-Balance Sheet Arrangements

None.

Trends

From Recursos Queliz’s date of inception it has been an exploration company which has produced no revenue and maybe will not be able to produce revenue. To the knowledge of its management, Recursos Queliz is unaware of any trends or past and future events which will have a material effect upon it, its income and business, both in the long and short term. Please refer to Recursos Queliz’s assessment of Risk Factors as noted on page 6.

Critical Accounting Policies and Estimates

In accordance with the U.S. generally accepted accounting principles, or GAAP, we are required to make estimates and assumptions on our financial statements that affect the reported amounts of assets, liabilities, revenues, costs and expenses and related disclosures. Some of the estimates and assumptions we are required to make relate to matters that are inherently uncertain as they pertain to future events. We base these estimates and assumptions on historical experience or on various other factors that we believe to be reasonable and appropriate under the circumstances. On an on-going basis, we reconsider and evaluate our estimates and assumptions. Actual results may differ significantly from these estimates. We believe that the critical accounting policies listed below involve our more significant judgments, assumptions and estimates and, therefore, could have the greatest potential impact on our financial statements. In addition, we believe that a discussion of these policies is necessary to understand and evaluate the financial statements contained in this Form 10-K.

Estimates and Assumptions

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

Recent Accounting Pronouncements

No material impact should arise from the adoption of any recent accounting pronouncements.

Income taxes

The income tax on net income for companies in the United States and Dominican Republic is 28%. As we have incurred substantial losses, we will not need to pay income tax. Any deferred losses may result in a tax benefit in the future.

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Research and Development Expenditures

To date, and in the immediate future, we do not expect to incur any costs relating to research and development.

Patents and Trademarks

There are no patents or trademarks in our Company.

Royalties

There are currently no situations where we are paying any royalty based upon production and sales since we do not have any production.

ITEM 8 FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

Audited financial statements for the years ended August 31, 2017 and 2016 are attached as follows:

• Report of Independent Public Accounting Firm

• Consolidated Balance Sheets as of August 31, 2017 and August 31, 2016

• Consolidated Statement of Operations for the year ended August 31, 2017 and 2016

• Consolidated Statement of Stockholders’ Deficit for the period from August 31, 2015 to August 31, 2017

• Consolidated Statement of Cash Flows for the year ended August 31, 2017 and 2016

• Notes to the Consolidated Financial Statements

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PLS CPA, A PROFESSIONAL CORPORATION

u 4725 MERCURY STREET #210 u SAN DIEGO u CALIFORNIA 92111 u

u TELEPHONE (858)722-5953 u FAX (858) 761-0341 u FAX (858) 764-5480

u E-MAIL changgpark@gmail.com u

Report of Independent Registered Public Accounting Firm

To the Board of Directors and Stockholders

Recursos Queliz, Inc.

We have audited the accompanying consolidated balance sheets of Recursos Queliz, Inc. and its subsidiary the “Company”) as of August 31, 2017 and 2016 and the related consolidated financial statements of operations, changes in shareholder’s equity and cash flows for the years ended August 31, 2017 and 2016. These consolidated financial statements are the responsibility of the Company’s management.

We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall consolidated financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.

In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of Recursos Queliz, Inc. and its subsidiary as of August 31, 2017 and 2016, and the results of its operation and its cash flows for the years ended August 31, 2017 and 2016 in conformity with U.S. generally accepted accounting principles.

The financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 1 to the consolidated financial statements, the Company’s losses from operations raise substantial doubt about its ability to continue as a going concern. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.

/s/ PLS CPA__

PLS CPA, A Professional Corp.

December 14, 2017

San Diego, CA. 92111

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RECURSOS QUELIZ, INC.

Consolidated Balance Sheets

	August 31, 2017			August 31, 2016
Assets
Cash	$	3,132		$	9,178
Total assets	$	3,132		$	9,178
Liabilities and Stockholders’ Deficit
Current liabilities
Accounts payable	$	34,588		$	28,407
Advances from related party		136,292			101,164
Total current liabilities		170,880			129,571
Stockholders’ Deficit
Common stock 400,000,000 common stock authorized, $0.001 par value; 90,000,000 common shares issued and outstanding		90,000			90,000
Accumulated deficit		(257,748	)		(210,393	)
Total stockholders’ deficit		(167,748	)		(120,393	)
Total Liabilities and Stockholders’ Deficit	$	3,132		$	9,178

See accompanying notes to the consolidated financial statements

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RECURSOS QUELIZ, INC.

Consolidated Statement of Operations

	Fo the Year Ended August 31, 2017			For the Year Ended August 31, 2016
Revenue	$	-		$	-
Expenses
Exploration costs		12,980			12,980
General and Administrative expenses		34,375			42,035
Total expenses		47,355			55,015
Loss from operations		(47,355	)		(55,015	)
Net loss per common share:
Basic and diluted	$	(0.00	)	$	(0.00	)
Weighted average common shares outstanding:
Basic and diluted		90,000,000			90,000,000

See accompanying notes to the consolidated financial statements

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RECURSOS QUELIZ, INC.

Consolidated Statement of Stockholders’ Deficit

	Common Stock				Deficit
	Shares		Amount		Accumulated			Total
Balance as at August 31, 2015		90,000,000	$	90,000	$	(155,378	)	$	(65,378	)
Net loss for the year ended August 31, 2016		-		-		(55,015	)		(55,015	)
Balance as at August 31, 2016		90,000,000		90,000		(210,393	)		(120,393	)
Net loss for the year ended August 31, 2017		-		-		(47,355	)		(47,355	)
Balance as at August 31, 2017		90,000,000	$	90,000	$	(257,748	)	$	(167,748	)

See accompanying notes to the consolidated financial statements

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RECURSOS QUELIZ, INC.

Consolidated Statements of Cash Flows

	For the Year Ended August 31, 2017			For the Year Ended August 31, 2016
Operating Activities
Net loss	$	(47,355	)	$	(55,015	)
Adjustments to reconcile net loss to net cash used in operating activities:
Changes in operating assets and liabilities:
- accounts payable		6,181			8,099
- payment of expenses by related party		128			320
Net Cash used in operating activities		(41,046	)		(46,596	)
Financing activities
Advances from related parties		35,000			25,000
Net Cash provided by financing activities		35,000			25,000
Net (decrease) increase in cash		(6,046	)		(21,596	)
Cash, beginning of year		9,178			30,744
Cash, end of year	$	3,132		$	9,178
Supplemental disclosure of cash flow information
Cash paid for income taxes		-			-
Cash paid for interest		-			-

See attached notes to the consolidated financial statements

31

RECURSOS QUELIZ, INC.

Notes to the Consolidated Financial Statements

August 31, 2017

1. Basis of presentation and Nature of operations

The accompanying consolidated financial statements of Recursos Queliz, Inc. (“Recursos” or “the Company”) have been prepared in accordance with generally accepted accounting principles in the United States for year ended August 31, 2017. The Company has a wholly-owned subsidiary called El Caporal Management, SRL which was incorporated in the Dominican Republic on September 28, 2012.

Recursos was incorporated under the laws of the State of Nevada on September 20, 2012 for the purpose of acquiring and developing mineral properties. The Company’s planned principal operations have not yet begun.

The consolidated financial statements present the balance sheet, statement of operations, stockholders’ deficit and cash flows of the Company. These consolidated financial statements are presented in United States dollars and have been prepared in accordance with accounting principles generally accepted in the United States. In the opinion of management, all adjustments, consisting solely of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the year ended August 31, 2017 presented have been reflected herein.

Going concern

These consolidated financial statements have been prepared in accordance with generally accepted accounting principles applicable to a going concern, which assumes that the Company will be able to meet its obligations and continue its operations for its next fiscal year. Realization values may be substantially different from carrying values as shown and these financial statements do not give effect to adjustments that would be necessary to the carrying values and classification of assets and liabilities should the Company be unable to continue as a going concern. At August 31, 2017, the Company had not yet achieved profitable operations, had accumulated losses of $257,748 since its inception, had a negative working capital position of $167,748, and expects to incur further losses in the development of its business, all of which raises substantial doubt about the Company’s ability to continue as a going concern. The Company’s ability to continue as a going concern is dependent upon its ability to generate future profitable operations and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due.

The Company expects to continue to incur substantial losses as it executes its business plan and does not expect to attain profitability in the near future. Since its inception, the Company has funded operations through the issuance of shares to its sole officer and advances made by him. The Company's future operations are dependent upon external funding and its ability to execute its business plan, realize sales and control expenses. Management believes that sufficient funding will be available from additional borrowings and private placements to meet its business objectives including anticipated cash needs for working capital, for a reasonable period of time. However, there can be no assurance that the Company will be able to obtain sufficient funds to continue the development of its business operation, or if obtained, upon terms favorable to the Company.

2. Mineral property rights

On September 18, 2012, the Company obtained a mineral concession in the Dominican Republic named Queliz Gold Claim for the sum of $13,000. During October 2012 the Company undertook an exploration program on the Queliz Gold Claim in the amount of $25,800 and a further exploration program in August 2013 in the amount of $19,778.

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The acquisition costs were impaired and expensed because there has been limited exploration activity nor has there been any reserve established. In September 2015, the Director of Mining for the Dominican Republic cancelled the Company’s interest in the Queliz Gold Claim resulting in the Company having no further rights to the minerals on the claim. In 2015, the Company obtained the rights to the minerals on La Mina Gold Claim in the Dominican Republic and during the current year spent $12,980 to maintain the mineral claim in good standing with the Ministry of Mines.

3. Summary of Significant Accounting Policies

Basis of Accounting

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

Use of Estimates and Assumptions

Preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.

Cash and Cash Equivalents

For the purposes of the statements of cash flows, the Company considers highly liquid financial instruments purchased with a maturity of three months or less to be cash equivalents.

Dividend Policy

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

Basic and Diluted Net Income (loss) Per Share

Basic net income (loss) per share amounts are computed based on the weighted average number of shares actually outstanding. Diluted net income (loss) per share amounts are computed using the weighted average number of common and common equivalent shares outstanding as if shares had been issued on the exercise of the common share rights unless the exercise becomes antidulutive and then the basic and diluted per share amounts are the same.

Because the Company does not have any potentially dilutive securities, the accompanying presentation is only of basic loss per share. Diluted earnings (loss) per share are the same as basic earnings (loss) per share.

Evaluation of Long-Lived Assets

The Company periodically reviews its long term assets and makes adjustments, if the carrying value exceeds fair value.

Income Taxes

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

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Impairment of Long-lived Assets

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

Foreign Currency Translations

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

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

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

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

Revenue Recognition

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

Mineral claim acquisition and exploration costs

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

Fair Value of Financial Instruments

The Company has determined the estimated fair value of financial instruments using available market information and appropriate valuation methodologies. The fair value of financial instruments classified as current assets or liabilities approximate their carry value due to the short-term maturity of the instruments.

Environmental Requirements

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

Recent Accounting Pronouncements

The Company has implemented all new accounting pronouncements that are in effect and that may impact its consolidated financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

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4. Mineral property

On September 18, 2012, the Company obtained a mineral concession in the Dominican Republic named Queliz Gold Claim for the sum of $13,000. During October 2012 the Company undertook an exploration program on the Queliz Gold Claim in the amount of $25,800 and a further exploration work in August 2013 in the amount of $19,778.

The acquisition costs have been impaired and expensed because there has been limited exploration activity nor has there been any reserve established and we cannot currently project any future cash flows or salvage value.

In September 2014, the Director of Mines for the Dominican Republic cancelled the Company’s interest in the mineral rights on the Queliz Gold Claim resulting in the Company having no further interest in the minerals on the claim. In 2015, the Company acquired the mineral rights to another claim in the Dominican Republic called La Mina. No work has been undertaken on the claim to date although the Company paid to the Ministry of Mines an amount of $12,980 during the current year.

5. Significant transactions with related party

During the years ended August 31, 2017 and 2016, the sole director and officer, Juan Alexi Payamps Dominguez, made advances to the Company in the amount of $35,000 and $25,000 respectively to fund daily operations of the Company. Also, the sole director and officer paid expense $128 and $320 in be helf of the Company. These advances are non-interest bearing and payable on demand. As of August 31, 2017 and 2016, the loan from the sole director and officer is $136,292 and $101,164.

The sole director and officer of the Company has acquired 77.7% of the common stock issued.

6. Income taxes

A reconciliation of the provision for income taxes at the United States federal statutory rate compared to the Company’s income tax expense as reported is as follows:

	August 31, 2017			August 31, 2016
Net loss before income taxes per financial statements	$	(47,355	)	$	(55,015	)
Income tax rate		34	%		34	%
Income tax recovery		(16,101	)		(18,705	)
Non-deductible		-			--
Valuation allowance change		16,101			18,705
Provision for income taxes	$	-		$	–

The significant component of deferred income tax assets at August 31, 2017 and 2016 is as follows:

	August 31, 2017			August 31, 2016
Net operating loss carry-forward	$	87,635		$	71,534
Valuation allowance		(87,635	)		(71,534	)
Net deferred income tax asset	$	–		$	–

The amount taken into income as deferred income tax assets must reflect that portion of the income tax loss carry forwards that is more likely-than-not to be realized from future operations. The Company has chosen to provide a full valuation allowance against all available income tax loss carry forwards. The Company has recognized a valuation allowance for the deferred income tax asset since the Company cannot be assured that it is more likely than not that such benefit will be utilized in future years. The valuation allowance is reviewed annually. When circumstances change and which cause a change in management's judgment about the realizability of deferred income tax assets, the impact of the change on the valuation allowance is generally reflected in current income.

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As of August 31, 2017 and 2016 the Company has no unrecognized income tax benefits. The Company’s policy for classifying interest and penalties associated with unrecognized income tax benefits is to include such items as tax expense. No interest or penalties have been recorded during the year ended August 31, 2017 and 2016; and no interest or penalties have been accrued as of August 31, 2017 and 2016. As of August 31, 2017 and 2016, the Company did not have any amounts recorded pertaining to uncertain tax positions.

The tax years from 2017 and 2016 and forward remain open to examination by federal and state authorities due to net operating loss and credit carryforwards. The Company is currently not under examination by the Internal Revenue Service or any other taxing authorities.

7. Common stock

The Company’s authorized common stock consists of 400,000,000 shares of common stock, with par value of $0.001. As of August 31, 2017, 90,000,000 shares are issued and outstanding.

On October 2, 2012, the Company issued 90,000,000 shares of its common stock to its sole director and officer at $0.001 per share, for net proceeds of $90,000.

Under an effective registration statement the director has sold to other parties a total of 20,000,000 common shares at a price of $0.002. None of the proceeds of these sales resulted in any funds being paid to the Company.

8. Contractual Agreement

On April 17, 2017, the Company entered into a service agreement with Tiber Creek Corporation (“Tiber Creek”) whereby Tiber Creek will introduce the Company to a United States market maker who will agree to file a Form 15c2-11 for application by the Company to trade its securities through the OTC Bulletin Board. In addition, Tiber Creek will assist the Company in responding to requests for information from the market maker and in responses to requests from information from Finra in processing the Form 15c2-11. The Company agrees to provide such market maker and Finra with whatever information they require for completion, filing and effectiveness. The Company will pay Tiber Creek the total of $16,000 for the services described above. The Company shall pay Tiber Creek $8,000 upon execution of this agreement (paid), $4,000 upon filing of the Form 15c2-11 and $4,000 upon the issuance by Finra of the trading symbol for the Company.

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ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE.

We have had no changes in or disagreements with our principal independent accountant.

ITEM 9A. CONTROLS AND PROCEDURES.

Disclosure Controls and Procedures

Under the supervision and with the participation of our management, being our sole officer and director, we have evaluated the effectiveness of our disclosure controls and procedures as required by Exchange Act Rule 13a-15(b) as of August 31, 2017 (the “Evaluation Date”). Based on that evaluation, the sole director and officer has concluded that these disclosure controls and procedures were not effective as of the Evaluation Date as a result of the material weaknesses in internal control over financial reporting discussed below.

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

Notwithstanding the assessment that our internal control over financial reporting was not effective and that there were material weaknesses as identified below, we believe that our financial statements contained in our Annual Report on Form 10-K for the fiscal year ended August 31, 2017 fairly present our financial condition, results of operations and cash flows in all material respects.

Management’s Report on Internal Control over Financial Reporting

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

· Pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of the Company's assets;

· Provide reasonable assurance that transactions are recorded as necessary to permit preparation of the financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures are being made only in accordance with authorizations of our sole director and officer; and

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

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions or that the degree of compliance with the policies or procedures may deteriorate.

The Company's sole director and officer conducted an assessment of the effectiveness of the Company's internal control over financial reporting as of August 31, 2017, based on criteria established in Internal Control –Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission ("COSO"). As a result of this assessment, management identified a material weakness in internal control over financial reporting.

A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting such that there is a reasonable possibility that a material misstatement of the Company's annual or interim financial statements will not be prevented or detected on a timely basis.

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The material weakness identified is described below.

1.	Certain entity level controls establishing a “tone at the top” were considered material weaknesses. As of August 31, 2017, the Company did not have a separate audit committee or a policy on fraud. A whistleblower policy is not necessary given the small size of the organization.
2.	Due to the significant number and magnitude of out-of-period adjustments identified during the year- end closing process, management has concluded that the controls over the period-end financial reporting process were not operating effectively. A material weakness in the period-end financial reporting process could result in us not being able to meet our regulatory filing deadlines and, if not remediated, has the potential to cause a material misstatement or to miss a filing deadline in the future. Management override of existing controls is possible given the small size of the organization and lack of personnel.
3.	There is no system in place to review and monitor internal control over financial reporting. The Company maintains an insufficient complement of personnel to carry out ongoing monitoring responsibilities and ensure effective internal control over financial reporting.

As a result of the material weakness in internal control over financial reporting described above, the Company's sole director and officer has concluded that, as of August 31, 2017, the Company's internal control over financial reporting was not effective based on the criteria in Internal Control - Integrated Framework issued by COSO.

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

Changes in Internal Controls

There were no changes in our internal control over financial reporting during the fiscal year ended August 31, 2017 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

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PART III

ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE.

DIRECTORS AND EXECUTIVE OFFICERS

Our sole director will be elected in the future by the Board of Directors to a term of one (1) year and serves until his successor is duly elected and qualified, or until he is removed from office.

Our officer and director as of November 30, 2017 is as follows:

Name and address	Age	Position(s)
Juan Alexi Payamps Dominguez 4th St, No. 24, Las Caobas Peurto Plata, Dominican Republic	42	Chief Executive Officer, President, Chief Financial Officer, Chief Accounting Officer, Secretary/Treasurer and Director

Juan A. P. Dominguez was appointed as a Director on September 21, 2012 and on the same day by a Resolution of the Board of Director was appointed as Chief Executive Officer, President, Chief Financial Officer, Chief Accounting Officer, Secretary/Treasurer and Director.

Biographical Information

J. A. P. Dominguez brings a background of finance and mining experience to the company. He was born in the Dominican Republic and has remained a resident of the Dominican Republic throughout his life. He holds a Bachelor of Commerce and a Masters of Business Administration from Dominican universities and has worked with the Dominican offices of two foreign mining companies since 2006 helping them carry out operations locally. For two years starting in 2006, he worked as Operational Manager for Placerdome doing research and development of new mining projects in conjunction with the company’s mining geologist. In addition, he collaborated with the engineers by providing logistic and administrative solutions to the new projects being developed. Starting in 2009 to the present time, he worked as President for his own company, Payamps Dominguez Properties, developing and evaluating projects as well as searching for and exploring mining prospects in the Dominican Republic. At the same time, he was employed from 2009 for two years as Operation Manager for Solid Gold Explorations located in Bonao in the Dominican Republic where he assisted in achieving significant cost savings by overseeing all financial arrangements and investor relations. He also identified and negotiated other mining properties in the local area in addition to establishing new policies and procedures for new developmental properties. In addition, he established the accounting and control procedures for an investment by the company in Costa Rica and assisted in identifying and negotiating other mining properties in the area.

Despite his short period in the positions he occupied with Placerdome and Solid Gold Explorations in the mining industry, he has sufficient knowledge as to how to manage and efficiently administrate a mining company. He is a team builder, has the leadership skills and has collaborated with engineers by assisting in the costing of new projects being considered for excavation and drilling. These qualifications, attributes and skill are a valuable asset in being a director of a company in the exploration of mineral properties.

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Mr. Dominguez does not work full time for our Company. He spends approximately 30 hours a month on corporate matters and in the future will oversee of our exploration program. Once the exploration program is started, it is expected Mr. Dominguez will increase his hours.

Mr. Dominguez is not an officer or director of another company registered under the Securities and Exchange Act of 1934 since Payamps Dominguez Properties is a private holding company.

Term of Office

Our sole director is appointed to hold office until the next annual meeting of our future stockholders or until his successor is elected and qualified, or until he resigns or is removed in accordance with the provisions of the Nevada Revised Statutes. Our officer is appointed by our Board of Directors and holds office until removed by the future Board of Directors.

Involvement in Certain Legal Proceedings

To the knowledge of our Company, during the past ten years, our executive officer has not:

a)	been convicted in a criminal proceeding or named subject of a pending criminal proceeding (excluding traffic violations and other minor offences);
b)	filed a petition under the federal bankruptcy laws or any state insolvency law, nor had a receiver, fiscal agent or similar officer appointed by the court for the business or property of such person, or any partnership in which he was a general partner at or within two years before the time of such filings;
c)	been the subject of any order, judgment or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction, permanently or temporarily enjoining him from or otherwise limiting, the following activities;
d)	acted as a futures commission merchant, introducing broker, commodity trading advisor, commodity pool operator, floor broker, leverage transaction merchant, associated person of any of the foregoing, or as an investment advisor, underwriter, broker or dealer in securities, or as an affiliate person, director or employee of any investment company, or engaging in or continuing any conduct or practice in connection with such activity;
e)	engaged in any type of business practice;
f)	engaged in any activities in connection with the purchase or sale of any security or commodity or in connection with any violation of federal or state securities laws or federal commodities laws;
g)	been found by a court of competent jurisdiction in a civil action or by the SEC to have violated any federal or state securities law, and the judgment in such civil action or finding by the SEC has not been subsequently reversed, suspended, or vacated;
h)	been the subject of any order, judgment, or decree, not subsequently reversed, suspended, or vacated, of any federal or state authority barring, suspending or otherwise limiting for more than 60 days the right of such person to engage in any activity described above under this Item, or to be associated with persons engaged in any such activities; or
i)	been found by a court of competent jurisdiction in a civil action or by the Commodity Futures Trading Commission to have violated any federal commodities law, and the judgement in such civil action or finding by the Commodity Futures Trading Commission has not been subsequently reversed, suspended or vacated.

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Board of Director’s Audit Committee

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

Our audit committee is composed solely of J. A. P. Dominguez. While he is the President and Chairman of the Audit Committee, he cannot be considered an “audit committee financial expert” as defined in Item 407 of Regulation S-K. The Company does not presently have a person meeting these qualifications. However, Mr. Dominguez is planning to engage the services of an independent accountant or similar individual to provide advice to the Audit Committee as and when the Committee meets to review our Company’s financial statements. No such individual has been identified as at the date of this prospectus.

Apart from the Audit Committee, our Company has no other Board Committees.

Conflicts of Interest

Our director is not a director or officer of any other company involved in the mining industry. However, there can be no assurance such involvement will not occur in the future, and this could create a conflict of interest.

To ensure that potential conflicts of interest are avoided or declared to our Company and its shareholders and to comply with the requirements of the Sarbanes Oxley Act of 2002, the Board adopted, on September 24, 2012, a Code of Business Conduct and Ethics. Queliz’s Code of Business Conduct and Ethics embodies our commitment to such ethical principles and sets forth the responsibilities of Queliz and its officers to its shareholders, employees, customers, lenders and other stakeholders. Our Code of Business Conduct and Ethics addresses general business ethical principles and other relevant issues.

Significant Employees

We have no paid employees. Our director fulfils many functions that would otherwise require our Company to hire employees or outside consultants. On occasions, professionals have also been hired on a contractual basis to assist with company’s affairs.

Family Relationships

Since we have only one director and officer there is no family relationship.

SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE

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

Name and Principal Position	Number of Late Insider Reports	Transactions Not Timely Reported	Known Failures to File a Required Form
Juan Alexi Payamps Dominguez CEO, CFO, CAO and President	None	None	None

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ANTI-TAKEOVER PROVISION

In accordance with the laws of the State of Nevada and the Securities Regulation Act: The Chapter 78 of Nevada Revised Statutes contains a provision governing "acquisition of controlling interest." This law provides generally that any person or entity that acquires 20% or more of the outstanding voting shares of a publicly-held Nevada corporation in the secondary public or private market may be denied voting rights with respect to the acquired shares, unless a majority of the disinterested shareholders of the corporation elects to restore such voting rights in whole or in part. The control share acquisition act provides that a person or entity acquires "control shares" whenever it acquires shares that, but for the operation of the control share acquisition act, would bring its voting power within any of the following three ranges: 20 to 33 1/3%; 33 1/3 to 50%; or more than 50%. A "control share acquisition" is generally defined as the direct or indirect acquisition of either ownership or voting power associated with issued and outstanding control shares. The shareholders or Board of Directors of a corporation may elect to exempt the stock of the corporation from the provisions of the control share acquisition act through adoption of a provision to that effect in the articles of incorporation or bylaws of the corporation. Our articles of incorporation and bylaws do not exempt our common stock from the control share acquisition act. The control share acquisition act is applicable only to shares of "Issuing Corporations" as defined by the Nevada law. An Issuing Corporation is a Nevada corporation, which: has 200 or more shareholders, with at least 100 of such shareholders being both shareholders of record and residents of Nevada; and does business in Nevada directly or through an affiliated corporation. At this time, we do not have 100 shareholders of record resident of Nevada. Therefore, the provisions of the control share acquisition act do not apply to acquisitions of our shares and will not until such time as these requirements have been met. At such time as they may apply, the provisions of the control share acquisition act may discourage companies or persons interested in acquiring a significant interest in or control of us, regardless of whether such acquisition may be in the interest of our shareholders. The Nevada "Combination with Interested Shareholders Statute" may also have an effect of delaying or making it more difficult to effect a change in control of us. This statute prevents an "interested shareholder" and a resident domestic Nevada corporation from entering into a "combination," unless certain conditions are met. The statute defines "combination" to include any merger or consolidation with an "interested shareholder," or any sale, lease, exchange, mortgage, pledge, transfer or other disposition, in one transaction or a series of transactions with an "interested shareholder" having: an aggregate market value equal to 5 percent or more of the aggregate market value of the assets of the corporation; an aggregate market value equal to 5 percent or more of the aggregate market value of all outstanding shares of the corporation; or representing 10 percent or more of the earning power or net income of the corporation.

ITEM 11. EXECUTIVE COMPENSATION.

Summary Compensation Table

J.A.P. Dominguez, our director and secretary-treasurer, has not received any payment from us for his services from the period of inception to the present date.

Name and Principal Position	Fiscal Year	Salary ($)		Bonus ($)		Stock Awards ($)		Option Awards ($)		All Other Compensation ($)		Total ($)
.A.P. Dominguez	2015		-		-		-		-		-		0
President, Chief Executive Officer,	2016		-		-		-		-		-		0
Treasurer, Secretary	2017		-		-		-		-		-		0

Outstanding Equity Awards

Since incorporation on September 20, 2012, we have not granted any stock options or stock appreciation rights to our director.

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Compensation of our Director and Officer

We have no standard arrangement, written or unwritten, to compensate our director for his services. He is reimbursed for all travel and lodging expenses associated with corporate matters.

DIRECTOR COMPENSATION
Name	Fees Earned or Paid in Cash ($)		Stock Awards ($)		Option Awards ($)		Non-Equity Incentive Plan Compensation ($)		Non-Qualified Deferred Compensation Earnings ($)		All Other Compensation ($)		Total ($)
A.P. Dominguez		0		0		0		0		0		0		0

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

Security Ownership of Certain Beneficial Owners

The following table sets forth certain information concerning the number of shares of our common stock owned beneficially as of October 13, 2016 by: (i) each person (including any group) known to us to own more than five percent (5%) of any class of our voting securities of our shares of common stock, (ii) our executive officer and director, and (iii) our named executive officer as defined in Item 402(m)(2) of Regulation S-K. Our sole director possesses sole voting and investment power with respect to the shares shown.

Title of Class	Name and Address of Beneficial Ownership	Amount and Nature of Beneficial Ownership		Percentage of Common Stock (i)
Common Stock	Juan Alexi Payamps Dominguez 4th St, No. 24, Las Caobas Peurto Plata, Dominican Republic		70,000,000(Direct)		77.7	%

(i)     A beneficial owner of a security includes any person who, directly or indirectly, through any contract, arrangement, understanding, relationship, or otherwise has or shares: (i) voting power, which includes the power to vote, or to direct the voting of shares; and (ii) investment power, which includes the power to dispose or direct the disposition of shares. Certain shares may be deemed to be beneficially owned by more than one person (if, for example, persons share the power to vote or the power to dispose of the shares). In addition, shares are deemed to be beneficially owned by a person if the person has the right to acquire the shares (for example, upon exercise of an option) within 60 days of the date as of which the information is provided. In computing the percentage ownership of any person, the amount of shares outstanding is deemed to include the amount of shares beneficially owned by such person (and only such person) by reason of these acquisition rights. As of November 30, 2017, there were 90,000,000 shares of our common stock issued and outstanding.

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Changes in Control

There are no arrangements which may result in a change in control in the future.

Holders of Common shares

As of the date of this Form 10-K, the Company has 41 shareholders including our sole officer and director. The number of shares held by our officer and director is 70,000,000 common shares.

Commodity Price Risk

The recent fall in world gold and other resource prices may make the acquisition of capital to explore our property problematic. Compared to ten years ago, mineral prices are strong. This has resulted in more companies, however, competing for mineral properties, equipment, employees and buyers. If the global market becomes more bearish and commodity prices continue to fall, then we will have difficulty finding loans or joint-venture partners that may be necessary to find, extract and sell minerals such as gold. This may prevent us from being a going concern.

Penny Stock Rule

Recursos Queliz’s common stock is considered to be a “penny stock” because it meets one or more of the definitions in SEC Rule 3a51-1:

(i)	It has a price less than five dollars per share;
(ii)	It is not traded on a recognized national exchange;
(iii)	It is not quoted on a FINRA automated quotation system (NASDAQ), or even if so, has a price of less than five dollars per share; or
(iv)	It is issued by a company with net tangible assets of less than $2,000,000, if in business more than three years continuously, or $5,000,000, if the business is less than three years continuously, or with average revenues of less than $6,000,000 for the past three years.

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

From Recursos Queliz’s point of view, being subject to the Penny Stock Rule, could make it extremely difficult for it to attract new investors for future capital requirements since many financial institutions are restricted under their by-laws from investing in shares under a certain dollar amount. Ordinary investors might not be willing to subscribe to shares in the capital stock of Recursos Queliz due to the uncertainty as to whether the share price will ever be able to be high enough that the Penny Stock Rule is no longer a concern.

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

Any new investor purchasing shares might consider whether they will be able to sell their shares at the price indicated in our effective registration or higher since if no broker-dealer becomes involved with Recursos Queliz and Recursos Queliz is unable to raise future investment capital the price per share may deteriorate to a point that an investor’s entire investment could be lost.

Outstanding Stock Opinion, Purchase Warrants and Convertible Securities

Recursos Queliz has not issued any stock options to its sole director nor has it attached share purchase warrants to the shares issued and outstanding. There are no convertible securities as of the date of this Form 10-K. Recursos Queliz has not registered any shares for sale by security holders under the Securities Act other than as disclosed in our effective registration statement.

Our authorized capital consists of 400,000,000 shares of common stock, par value $0.001 per share, of which 90,000,000 shares are presently issued.

The shareholders are not entitled to preference as to dividends or interest; preemptive rights to purchase in new issues of shares; preference upon liquidation; or any other special rights or preferences.

There are no restrictions on dividends under any loan or other financing arrangements.

Non-Cumulative Voting.

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

Employment Agreements

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

Equity Compensation Plans, Stock Options, Bonus Plans

No such plans or options exist. None have been approved or are anticipated. No Compensation Committee exists either.

Pension Benefits

We do not maintain any defined benefit pension plans.

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Nonqualified Deferred Compensation

We do not maintain any nonqualified deferred compensation plans.

Registered Agent

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

Transfer Agent

We have engaged the service of Action Stock Transfer Corp., Suite 214 – 2469 E. Fort Union Blvd, Salt lake City, Utah, 84121, to act as transfer and registrar.

Debt Securities and Other Securities

There are no debt securities outstanding or other securities.

Market Information

Recursos Queliz’s stock is not presently traded or quoted on any public market and therefore there is no established market price for the shares. It is anticipated one or more broker dealers may make a market in its securities over-the-counter, with quotations carried on the “OTC Bulletin Board”. At the present time, there is no established market for the shares of Recursos Queliz. There is no assurance an application to the FINRA will be approved. Although the OTCBB does not have any listing requirements per se, to be eligible for quotation on the OTCBB, issuers must remain current in their filings with the SEC; being as a minimum Forms 10-Q and 10-K. Market makers will not be permitted to begin quotation of a security whose issuer does not meet these filing requirements. Securities already quoted on the OTCBB that become delinquent in their required filings will be moved following a 30 or 60 day grace period if they do not make their filing during that time. If our common stock is not quoted on the OTCBB, there will be no market for trading in our common stock. This would make it far more difficult for stockholders to dispose of their common stock. This could have an adverse effect on the price of the common stock.

With a lack of liquidity in our common stock, trading prices might be volatile with wide fluctuations. This assumes that there will be a secondary market at all.

Recursos Queliz has no proposed symbol for the OTCBB.

Dividend Policy

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

46

The holders of our common stock are entitled to receive dividends as may be declared by our Board of Directors; are entitled to share ratably in all of our assets available for distribution upon winding up of the affairs our Company; and are entitled to one non-cumulative vote per share on all matters on which shareholders may vote at all meetings of the shareholders.

CORPORATE GOVERNANCE

Director Independence

J. A. P. Dominguez is not independent within the meaning of Section 5605 of NASDAQ.

Board Committees

The Audit Committee

We have an Audit Committee that is solely run by the Company’s Director and thus not independent. Again, he cannot be considered an “audit committee financial expert” as defined in Item 401 of Regulation S-K. It is our intention to seek a financial expert when we are financially able to.

Apart from the Audit Committee, we have no other Board Committees. Since inception, our sole director has conducted the Company’s business entirely by consent resolutions.

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTORS’ INDEPENDENCE

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

1.	Our sole director and officer;
2.	Any person proposed as a nominee for election as a director;
3.	Any person who beneficially owns, directly or indirectly, shares carrying more than 5% of the voting rights attached to our outstanding shares of common stock;
4.	Any of our promoters; and
5.	Any member of the immediate family (including spouse, parents, children, step-parents, step-children, siblings and in-laws) of any of the foregoing persons.

On October 2, 2012, we issued 90,000,000 shares of common stock to our Chief Executive Officer, President and Director, J. A. P. Dominguez at a price of $0.001 per share. The shares were issued pursuant to Section 4(2) of the Securities Act and are restricted shares as defined in the Securities Act. Of the 90,000,000 common shares issued Mr.Dominguez sold 20,000,000 common shares to friends, relatives and business associates at a price of $0.002 per share. None of the proceeds of these sales accrued to the benefit of the Company.

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Mr. Dominguez has advanced the total of $100,000 to the Company in order to provide it with working capital. These advances bear no interest and are repayable upon demand.

Mr. Dominguez is considered to be a promoter for the Company since he is the individual who founded and organized the business of the Company. He owns 77.7% of the issued and outstanding shares of the Company.

Director’s Independence

Under NASDAQ Rule 4200(a)(15), a director is not considered to be independent if he or she is also an executive officer or employee of the corporation. As J. A. P. Dominguez is both the executive officer, secretary treasurer and director, we have determined that he is not an independent director as defined under NASDAQ Rule 4200(a)(15).

The Company does not have any promoters involved with it other than its President and Director.

ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES.

The aggregate fees billed for the two most recently completed fiscal years for professional services rendered by PLS CPA, our independent auditor:for the audit of our annual financial statements and review of the financial statements that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for those fiscal periods were as follows:

	Year Ended August 31, 2017		Year Ended August 31, 2016
Audit Fees	$	10,000	$	10,000
Audit-Related Fees	$	Nil	$	Nil
Tax Fees	$	Nil	$	Nil
All Other Fees	$	Nil	$	Nil
Total	$	10,000	$	10,000

Included in the audit fees for the year ended August 31, 2017 is the year end fees charged for August 31, 2016. No audit fees have been accrued for the fiscal year ended August 31, 2017.

The SEC requires that before our independent registered public accounting firm is engaged by us to render any auditing or permitted non-audit related service, the engagement be either: (i) approved by our Audit Committee or (ii) entered into pursuant to pre-approval policies and procedures established by the Audit Committee, provided that the policies and procedures are detailed as to the particular service, the Audit Committee is informed of each service, and such policies and procedures do not include delegation of the Audit Committee’s responsibilities to management.

We do not have an Audit Committee pre-approves all services provided by our independent registered public accounting firm. All of the above services and fees paid during 2017 and 2016 were pre-approved by our Board.

48

ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES.

The following exhibits are either provided with this Annual Report or are incorporated herein by reference:

Exhibit Number	Description of Exhibits
3.1	Articles of Incorporation.(1)
3.2	Bylaws. (1)
31.1	Certification of Chief Executive Officer as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. (*)
32.1	Certification of Chief Executive Officer as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.(*)
101	INS XBRL Instant Document (*)
101	SCH XBRL Taxonomy Extension Schema Document (*)
101	CAL XBRL Taxonomy Extension Calculation Linkbase Document (*)
101	LAB XRBL Taxonomy Label Linkbase Document (*)
101	PRE XBRL Taxonomy Extension Presentation Linkbase Document (*)
101	DEF XBRL Taxonomy Extension Definition Linkbase Document (*)

_______

⁽¹⁾ Previously filed as an exhibit to our Registration Statement on Form S-1 originally filed with the SEC on March 5, 2014, as amended on June 26, September 23, October 17, 2014 and on November 24, 2014 and declared effective December 17, 2014.

^(*) Filed herein.

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ITEM 16. SIGNATURES

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

	RECURSOS QUELIZ, INC. (Registrant)
Date: December 14, 2017	By:	“Juan Alexi Payamps Dominguez”
		Juan Alexi Payamps Dominguez
		Chief Executive Officer, Chief Accounting Officer,
		President and Director

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dated indicated.

Date: December 14, 2017	By:	“Juan Alexi Payamps Dominguez”
		Juan Alexi Payamps Dominguez
		Chief Executive Officer, Chief Accounting Officer,
		President and Director

50

EX-31.1

EXHIBIT 31.1

The certification required by Rule 13a-14a (17 CFR 240.13a-14(a)) or Rule 15d-14(a) (17CFR 240. 15d-14(a))

I, Juan Alexi Payamps Dominguez, certify that:

1.	I have reviewed this Form 10-K of Recursos Queliz, Inc. (the “registrant”);
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(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act 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 controls over financing 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 to 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 year (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(s) 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 operations 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: December 14, 2017	By:	/S/ JUAN ALEXI PAYAMPS DOMINGUEZ
		Juan Alexi Payamps Dominguez
		Chief Executive Officer, Chief Financial Officer, Chief Accounting Officer, President and Director

EX-32.1

EXHIBIT 32.1

CERTIFICATE 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 Annual Report (the “Report”) on the Form 10-K of Recursos Quieliz, Inc. (the “Company”) for the year ended August 31, 2017, as filed with the Securities and Exchange Commission on the date hereof, I, Juan Alexi Payamps Dominguez, Chief Executive Officer, Chief Financial Officer, Chief Accounting Officer, President and Director, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge and belief:

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

Date: December 14, 2017	By:	“Juan Alexi Payamps Dominguez”
		Juan Alexi Payamps Dominguez
		Chief Executive Officer, Chief Financial Officer, Chief Accounting Officer President and Director

XML

Document and Entity Information - USD ($)	12 Months Ended
	Aug. 31, 2017	Nov. 30, 2017
Document And Entity Information
Entity Registrant Name	RECURSOS QUELIZ, INC.
Entity Central Index Key	0001598683
Document Type	10-K
Document Period End Date	Aug. 31, 2017
Amendment Flag	false
Current Fiscal Year End Date	--08-31
Is Entity a Well-known Seasoned Issuer	No
Is Entity a Voluntary Filer	No
Is Entity's Reporting Status Current	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float	$ 40,000
Entity Common Stock, Shares Outstanding		90,000,000
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2017

XML

Consolidated Balance Sheets - USD ($)	Aug. 31, 2017	Aug. 31, 2016
Assets
Cash	$ 3,132	$ 9,178
Total assets	3,132	9,178
Current liabilities
Accounts payable	34,588	28,407
Advances from related party	136,292	101,164
Total current liabilities	170,880	129,571
Stockholders’Deficit
Common stock 400,000,000 common stock authorized, $0.001 par value; 90,000,000 common shares issued and outstanding	90,000	90,000
Accumulated deficit	(257,748)	(210,393)
Total stockholders’deficit	(167,748)	(120,393)
Total Liabilities and Stockholders’Deficit	$ 3,132	$ 9,178

XML

Consolidated Balance Sheets (Parenthetical) - $ / shares	Aug. 31, 2017	Aug. 31, 2016
Stockholder's Deficit:
Common stock, share authorized	400,000,000	400,000,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, share issued	90,000,000	90,000,000
Common stock, share outstanding	90,000,000	90,000,000

XML

Consolidated Statement of Operations - USD ($)	12 Months Ended
	Aug. 31, 2017	Aug. 31, 2016
Condensed Consolidated Statement Of Operations
Revenue
Expenses
Exploration costs	12,980	12,980
General and Administrative expenses	34,375	42,035
Total expenses	47,355	55,015
Loss from operations	$ (47,355)	$ (55,015)
Net loss per common share basic and diluted	$ (0.00)	$ (0.00)
Weighted average common shares outstanding basic and diluted	90,000,000	90,000,000

XML

Consolidated Statement of Stockholders’ Deficit - USD ($)	Common Stock	Accumulated Deficit	Total
Beginning Balance, Amount at Aug. 31, 2015	$ 90,000	$ (155,378)	$ (65,378)
Beginning Balance, Shares at Aug. 31, 2015	90,000,000
Net Loss		(55,015)	(55,015)
Ending Balance, Amount at Aug. 31, 2016	$ 90,000	(210,393)	(120,393)
Ending Balance, Shares at Aug. 31, 2016	90,000,000
Net Loss		(47,355)	(47,355)
Ending Balance, Amount at Aug. 31, 2017	$ 90,000	$ (257,748)	$ (167,748)
Ending Balance, Shares at Aug. 31, 2017	90,000,000

XML

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Aug. 31, 2017	Aug. 31, 2016
Operating Activities
Net loss	$ (47,355)	$ (55,015)
Changes in operating assets and liabilities:
- accounts payable	6,181	8,099
- payment of expenses by related party	128	320
Net Cash used in operating activities	(41,046)	(46,596)
Financing Activities
Advances from related parties	35,000	25,000
Net Cash provided by financing activities	35,000	25,000
Net (decrease) increase in cash	(6,046)	(21,596)
Cash, beginning of year	9,178	30,744
Cash, end of year	3,132	9,178
Supplemental disclosure of cash flow information
Cash paid for income taxes
Cash paid for interest

XML

Basis of presentation and Nature of operations

12 Months Ended

Aug. 31, 2017

Notes to Financial Statements

1. Basis of presentation and Nature of operations

The accompanying consolidated financial statements of Recursos Queliz, Inc. (“Recursos” or “the Company”) have been prepared in accordance with generally accepted accounting principles in the United States for year ended August 31, 2017. The Company has a wholly-owned subsidiary called El Caporal Management, SRL which was incorporated in the Dominican Republic on September 28, 2012.

Recursos was incorporated under the laws of the State of Nevada on September 20, 2012 for the purpose of acquiring and developing mineral properties. The Company’s planned principal operations have not yet begun.

The consolidated financial statements present the balance sheet, statement of operations, stockholders’ deficit and cash flows of the Company. These consolidated financial statements are presented in United States dollars and have been prepared in accordance with accounting principles generally accepted in the United States. In the opinion of management, all adjustments, consisting solely of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the year ended August 31, 2017 presented have been reflected herein.

Going concern

These consolidated financial statements have been prepared in accordance with generally accepted accounting principles applicable to a going concern, which assumes that the Company will be able to meet its obligations and continue its operations for its next fiscal year. Realization values may be substantially different from carrying values as shown and these financial statements do not give effect to adjustments that would be necessary to the carrying values and classification of assets and liabilities should the Company be unable to continue as a going concern. At August 31, 2017, the Company had not yet achieved profitable operations, had accumulated losses of $257,748 since its inception, had a negative working capital position of $167,748, and expects to incur further losses in the development of its business, all of which raises substantial doubt about the Company’s ability to continue as a going concern. The Company’s ability to continue as a going concern is dependent upon its ability to generate future profitable operations and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due.

The Company expects to continue to incur substantial losses as it executes its business plan and does not expect to attain profitability in the near future. Since its inception, the Company has funded operations through the issuance of shares to its sole officer and advances made by him. The Company's future operations are dependent upon external funding and its ability to execute its business plan, realize sales and control expenses. Management believes that sufficient funding will be available from additional borrowings and private placements to meet its business objectives including anticipated cash needs for working capital, for a reasonable period of time. However, there can be no assurance that the Company will be able to obtain sufficient funds to continue the development of its business operation, or if obtained, upon terms favorable to the Company.

XML

Mineral property rights

12 Months Ended

Aug. 31, 2017

Notes to Financial Statements

2. Mineral property rights

On September 18, 2012, the Company obtained a mineral concession in the Dominican Republic named Queliz Gold Claim for the sum of $13,000. During October 2012 the Company undertook an exploration program on the Queliz Gold Claim in the amount of $25,800 and a further exploration program in August 2013 in the amount of $19,778.

The acquisition costs were impaired and expensed because there has been limited exploration activity nor has there been any reserve established. In September 2015, the Director of Mining for the Dominican Republic cancelled the Company’s interest in the Queliz Gold Claim resulting in the Company having no further rights to the minerals on the claim. In 2015, the Company obtained the rights to the minerals on La Mina Gold Claim in the Dominican Republic and during the current year spent $12,980 to maintain the mineral claim in good standing with the Ministry of Mines.

XML

Summary of Significant Accounting Policies

12 Months Ended

Aug. 31, 2017

Notes to Financial Statements

3. Summary of Significant Accounting Policies

Basis of Accounting

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

Use of Estimates and Assumptions

Preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.

Cash and Cash Equivalents

For the purposes of the statements of cash flows, the Company considers highly liquid financial instruments purchased with a maturity of three months or less to be cash equivalents.

Dividend Policy

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

Basic and Diluted Net Income (loss) Per Share

Basic net income (loss) per share amounts are computed based on the weighted average number of shares actually outstanding. Diluted net income (loss) per share amounts are computed using the weighted average number of common and common equivalent shares outstanding as if shares had been issued on the exercise of the common share rights unless the exercise becomes antidulutive and then the basic and diluted per share amounts are the same.

Because the Company does not have any potentially dilutive securities, the accompanying presentation is only of basic loss per share. Diluted earnings (loss) per share are the same as basic earnings (loss) per share.

Evaluation of Long-Lived Assets

The Company periodically reviews its long term assets and makes adjustments, if the carrying value exceeds fair value.

Income Taxes

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

Impairment of Long-lived Assets

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

Foreign Currency Translations

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

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

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

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

Revenue Recognition

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

Mineral claim acquisition and exploration costs

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

Fair Value of Financial Instruments

The Company has determined the estimated fair value of financial instruments using available market information and appropriate valuation methodologies. The fair value of financial instruments classified as current assets or liabilities approximate their carry value due to the short-term maturity of the instruments.

Environmental Requirements

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

Recent Accounting Pronouncements

The Company has implemented all new accounting pronouncements that are in effect and that may impact its consolidated financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

XML

Mineral property

12 Months Ended

Aug. 31, 2017

Notes to Financial Statements

4. Mineral property

On September 18, 2012, the Company obtained a mineral concession in the Dominican Republic named Queliz Gold Claim for the sum of $13,000. During October 2012 the Company undertook an exploration program on the Queliz Gold Claim in the amount of $25,800 and a further exploration work in August 2013 in the amount of $19,778.

The acquisition costs have been impaired and expensed because there has been limited exploration activity nor has there been any reserve established and we cannot currently project any future cash flows or salvage value.

In September 2014, the Director of Mines for the Dominican Republic cancelled the Company’s interest in the mineral rights on the Queliz Gold Claim resulting in the Company having no further interest in the minerals on the claim. In 2015, the Company acquired the mineral rights to another claim in the Dominican Republic called La Mina. No work has been undertaken on the claim to date although the Company paid to the Ministry of Mines an amount of $12,980 during the current year.

XML

Significant transactions with related party

12 Months Ended

Aug. 31, 2017

Notes to Financial Statements

5. Significant transactions with related party

During the years ended August 31, 2017 and 2016, the sole director and officer, Juan Alexi Payamps Dominguez, made advances to the Company in the amount of $35,000 and $25,000 respectively to fund daily operations of the Company. Also, the sole director and officer paid expense $128 and $320 in be helf of the Company. These advances are non-interest bearing and payable on demand. As of August 31, 2017 and 2016, the loan from the sole director and officer is $136,292 and $101,164.

The sole director and officer of the Company has acquired 77.7% of the common stock issued.

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Income taxes

12 Months Ended

Aug. 31, 2017

Notes to Financial Statements

6. Income taxes

A reconciliation of the provision for income taxes at the United States federal statutory rate compared to the Company’s income tax expense as reported is as follows:

	August 31, 2017			August 31, 2016
Net loss before income taxes per financial statements	$	(47,355	)	$	(55,015	)
Income tax rate		34	%		34	%
Income tax recovery		(16,101	)		(18,705	)
Non-deductible		-			--
Valuation allowance change		16,101			18,705
Provision for income taxes	$	-		$	–

The significant component of deferred income tax assets at August 31, 2017 and 2016 is as follows:

	August 31, 2017			August 31, 2016
Net operating loss carry-forward	$	87,635		$	71,534
Valuation allowance		(87,635	)		(71,534	)
Net deferred income tax asset	$	–		$	–

The amount taken into income as deferred income tax assets must reflect that portion of the income tax loss carry forwards that is more likely-than-not to be realized from future operations. The Company has chosen to provide a full valuation allowance against all available income tax loss carry forwards. The Company has recognized a valuation allowance for the deferred income tax asset since the Company cannot be assured that it is more likely than not that such benefit will be utilized in future years. The valuation allowance is reviewed annually. When circumstances change and which cause a change in management's judgment about the realizability of deferred income tax assets, the impact of the change on the valuation allowance is generally reflected in current income.

As of August 31, 2017 and 2016 the Company has no unrecognized income tax benefits. The Company’s policy for classifying interest and penalties associated with unrecognized income tax benefits is to include such items as tax expense. No interest or penalties have been recorded during the year ended August 31, 2017 and 2016; and no interest or penalties have been accrued as of August 31, 2017 and 2016. As of August 31, 2017 and 2016, the Company did not have any amounts recorded pertaining to uncertain tax positions.

The tax years from 2017 and 2016 and forward remain open to examination by federal and state authorities due to net operating loss and credit carryforwards. The Company is currently not under examination by the Internal Revenue Service or any other taxing authorities.

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Common stock

12 Months Ended

Aug. 31, 2017

Notes to Financial Statements

7. Common stock

The Company’s authorized common stock consists of 400,000,000 shares of common stock, with par value of $0.001. As of August 31, 2017, 90,000,000 shares are issued and outstanding.

On October 2, 2012, the Company issued 90,000,000 shares of its common stock to its sole director and officer at $0.001 per share, for net proceeds of $90,000.

Under an effective registration statement the director has sold to other parties a total of 20,000,000 common shares at a price of $0.002. None of the proceeds of these sales resulted in any funds being paid to the Company.

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Contractual Agreement

12 Months Ended

Aug. 31, 2017

Notes to Financial Statements

8. Contractual Agreement

On April 17, 2017, the Company entered into a service agreement with Tiber Creek Corporation (“Tiber Creek”) whereby Tiber Creek will introduce the Company to a United States market maker who will agree to file a Form 15c2-11 for application by the Company to trade its securities through the OTC Bulletin Board. In addition, Tiber Creek will assist the Company in responding to requests for information from the market maker and in responses to requests from information from Finra in processing the Form 15c2-11. The Company agrees to provide such market maker and Finra with whatever information they require for completion, filing and effectiveness. The Company will pay Tiber Creek the total of $16,000 for the services described above. The Company shall pay Tiber Creek $8,000 upon execution of this agreement (paid), $4,000 upon filing of the Form 15c2-11 and $4,000 upon the issuance by Finra of the trading symbol for the Company.

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Summary of Significant Accounting Policies (Policies)

12 Months Ended

Aug. 31, 2017

Summary Of Significant Accounting Policies Policies

Basis of Accounting

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

Use of Estimates and Assumptions

Preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.

Cash and Cash Equivalents

For the purposes of the statements of cash flows, the Company considers highly liquid financial instruments purchased with a maturity of three months or less to be cash equivalents.

Dividend Policy

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

Basic and Diluted Net Income (loss) Per Share

Basic net income (loss) per share amounts are computed based on the weighted average number of shares actually outstanding. Diluted net income (loss) per share amounts are computed using the weighted average number of common and common equivalent shares outstanding as if shares had been issued on the exercise of the common share rights unless the exercise becomes antidulutive and then the basic and diluted per share amounts are the same.

Because the Company does not have any potentially dilutive securities, the accompanying presentation is only of basic loss per share. Diluted earnings (loss) per share are the same as basic earnings (loss) per share.

Evaluation of Long-Lived Assets

The Company periodically reviews its long term assets and makes adjustments, if the carrying value exceeds fair value.

Income Taxes

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

Impairment of Long-lived Assets

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

Foreign Currency Translations

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

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

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

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

Revenue Recognition

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

Mineral claim acquisition and exploration costs

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

Fair Value of Financial Instruments

The Company has determined the estimated fair value of financial instruments using available market information and appropriate valuation methodologies. The fair value of financial instruments classified as current assets or liabilities approximate their carry value due to the short-term maturity of the instruments.

Environmental Requirements

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

Recent Accounting Pronouncements

The Company has implemented all new accounting pronouncements that are in effect and that may impact its consolidated financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

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Income taxes (Table)

12 Months Ended

Aug. 31, 2017

Income Taxes Table

Sechedule of income tax expense

	August 31, 2017			August 31, 2016
Net loss before income taxes per financial statements	$	(47,355	)	$	(55,015	)
Income tax rate		34	%		34	%
Income tax recovery		(16,101	)		(18,705	)
Non-deductible		-			--
Valuation allowance change		16,101			18,705
Provision for income taxes	$	-		$	–

Sechedule of deferred income tax assets

	August 31, 2017			August 31, 2016
Net operating loss carry-forward	$	87,635		$	71,534
Valuation allowance		(87,635	)		(71,534	)
Net deferred income tax asset	$	–		$	–

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Basis of presentation and Nature of operations (Details Narrative) - USD ($)	12 Months Ended
	Aug. 31, 2017	Aug. 31, 2016
Basis Of Presentation And Nature Of Operations Details Narrative
State Country Name	State of Nevada
Date of Incorporation	Sep. 20, 2012
Accumulated losses	$ (257,748)	$ (210,393)
Working capital deficit	$ (167,748)

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Mineral property rights (Details Narrative) - USD ($)	1 Months Ended		12 Months Ended
	Aug. 31, 2013	Oct. 31, 2012	Aug. 31, 2017	Aug. 31, 2016	Sep. 18, 2012
Cost of exploration program			$ 12,980	$ 12,980
Queliz Gold Claim [Member]
Amount of consideration for mineral concession					$ 13,000
Cost of exploration program	$ 19,778	$ 25,800

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Mineral property (Details Narrative) - USD ($)	1 Months Ended		12 Months Ended
	Aug. 31, 2013	Oct. 31, 2012	Aug. 31, 2017	Aug. 31, 2016	Sep. 18, 2012
Cost of exploration program			$ 12,980	$ 12,980
Queliz Gold Claim [Member]
Amount of consideration for mineral concession					$ 13,000
Cost of exploration program	$ 19,778	$ 25,800

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Significant transactions with related party (Details Narrative) - USD ($)	12 Months Ended
	Aug. 31, 2017	Aug. 31, 2016
Advances from related parties	$ 35,000	$ 25,000
Payment of expenses by related party	128	320
Loan from related party	136,292	101,164
Director And Officer [Member]
Advances from related parties	35,000	25,000
Payment of expenses by related party	128	320
Loan from related party	$ 136,292	$ 101,164
Percentage of common stock issued, acquired by related party	77.70%

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Income Taxes (Details) - USD ($)	12 Months Ended
	Aug. 31, 2017	Aug. 31, 2016
Income Taxes Details
Net loss before income taxes per financial statements	$ (47,355)	$ (55,015)
Income tax rate	34.00%	34.00%
Income tax recovery	$ (16,101)	$ (18,705)
Non-deductible
Valuation allowance change	$ 16,101	$ 18,705
Provision for income taxes

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Income Taxes (Details 1) - USD ($)	Aug. 31, 2017	Aug. 31, 2016
Income Taxes Details 1
Net operating loss carry-forward	$ 87,635	$ 71,534
Valuation allowance	(87,635)	(71,534)
Net deferred income tax asset

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Common stock (Details Narrative) - USD ($)	12 Months Ended
	Aug. 31, 2017	Aug. 31, 2016	Oct. 02, 2012
Common stock, share authorized	400,000,000	400,000,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, share issued	90,000,000	90,000,000
Common stock, share outstanding	90,000,000	90,000,000
Common stock, value	$ 90,000	$ 90,000
Director And Officer [Member]
Common stock, par value			$ 0.001
Common stock, share issued			90,000,000
Common stock, value			$ 90,000
Other parties [Member]
Common stock shares sold by director	20,000,000
Common stock shares sold by director, share price	$ 0.002

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Contractual Agreement (Details Narrative) - Timber Creek Corporation [Member]	1 Months Ended
	Apr. 17, 2017 USD ($)
Cost of services	$ 16,000
Payment for services	8,000
Upon filing of the Form 15c2-11 [Member]
Outstanding payment for services	4,000
Upon the issuance by Finra of trading symbol [Member]
Outstanding payment for services	$ 4,000