Fortem Resources (FTMRQ) 10-K 30 May 17 2017 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Feb. 28, 2017	Aug. 31, 2016
Document and Entity Information:
Entity Registrant Name	Fortem Resources Inc.
Document Type	10-K
Document Period End Date	Feb. 28, 2017
Trading Symbol	ftmr
Amendment Flag	false
Entity Central Index Key	1,382,231
Current Fiscal Year End Date	--02-29
Entity Common Stock, Shares Outstanding	37,537,556
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	FY
Entity Public Float		$ 2,610,216

FORTEM RESOURCES INC. - Balance

FORTEM RESOURCES INC. - Balance Sheets - USD ($)		Feb. 28, 2017	Feb. 29, 2016
Current Assets:
Cash		$ 459,481	$ 22,426
Receivable		27,103	3,279
Prepaid expense and other		24,099	7,809
Total Current Assets		510,683	33,514
Non-current Assets:
Deposit		33,082	32,224
Equipment		54,956	57,236
Oil and gas properties, full cost method		641,494	568,151
Total Assets		1,240,215	691,125
Current liabilities:
Accounts payable		282,784	632,983
Accrued liabilities		54,722	99,765
Due to related parties		48,831	334,869
Note payable		18,825	18,475
Derivative liability		2,590,477	150,136
Subscriptions received			50,000
Total Current Liabilities		2,995,639	1,286,228
Asset retirement obligation		24,546	21,900
Total Liabilities		3,020,185	1,308,128
Stockholders' Deficit:
Capital stock	[1]	29,428	21,919
Additional paid-in capital		5,028,885	3,115,078
Share subscriptions receivable		(110,000)
Accumulated other comprehensive loss		(383,257)	(133,280)
Accumulated deficit		(6,345,026)	(3,620,720)
Total Stockholders' Deficit		(1,779,970)	(617,003)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT		$ 1,240,215	$ 691,125
[1]	750,000,000 common shares, par value $0.001 per share; 37,537,556 common shares (30,029,046 at February 29, 2016)

Statement of Financial Position

Statement of Financial Position - Parenthetical - $ / shares	Feb. 28, 2017	Feb. 29, 2016
Statement of Financial Position
Common Stock, Par Value	$ 0.001	$ 0.001
Common Stock, Shares Authorized	750,000,000	750,000,000
Common Stock, Shares Issued	37,537,556	30,029,046
Common Stock, Shares Outstanding	37,537,556	30,029,046

FORTEM RESOURCES INC. - Stateme

FORTEM RESOURCES INC. - Statements of Operations - USD ($)	12 Months Ended
	Feb. 28, 2017	Feb. 29, 2016
Income Statement
Consulting	$ 70,592	$ 103,799
Depreciation	3,409	3,419
Management fees	233,786	91,824
Office, travel and general	51,373	82,265
Professional fees	132,233	65,382
Salaries and benefits		127,910
Stock-based compensation		107,172
Loss from operations	(491,393)	(581,771)
Interest income	251	243
Accretion expense	(202,263)	(2,061)
Gain on settlement of debt	79,239
Loss on settlement of convertible debt	(1,309,022)
Interest expense	(16,871)
Financing fee	(73,621)	8,938
Foreign exchange gain	271,294
Write-off of advances receivable		(25,000)
Gain on write-off of accounts payable	215,348
Change in fair value of derivative liability	(1,197,268)	229,327
Total Other Expenses	(2,232,913)	(211,447)
Net loss	(2,724,306)	(370,324)
Foreign currency translation	(249,977)	(9,909)
Comprehensive loss	$ (2,974,283)	$ (380,233)
Basic and diluted loss per share	$ (0.09)	$ (0.01)
Weighted average number of basic common shares outstanding	30,518,087	29,894,089

FORTEM RESOURCEES INC. - Statem

FORTEM RESOURCEES INC. - Statement of Stockholders' Deficit - USD ($)	Total	Common Stock	Additional Paid-in Capital	Share Subscriptions Receivable	Accumulated Deficit	Accumulated Other Comprehensive Loss	Total Stockholders' Deficit
Balance, Value at Feb. 28, 2015		$ 21,772	$ 2,962,947		$ (3,250,396)	$ (123,371)	$ (389,048)
Balance, Shares at Feb. 28, 2015		29,881,824
Common stock issued for cash, Value		$ 22	7,584				7,606
Common stock issued for cash, Shares		22,222
Stock-based compensation	$ 107,172		107,172				107,172
Shares issued for salaries and benefits, Value		$ 125	37,375				37,500
Shares issued for salaries and benefits, Shares		125,000
Net loss	(370,324)				(370,324)		(370,324)
Foreign currency translation	(9,909)					(9,909)	(9,909)
Balance, Value at Feb. 29, 2016	(617,003)	$ 21,919	3,115,078		(3,620,720)	(133,280)	(617,003)
Balance, Shares at Feb. 29, 2016		30,029,046
Common stock issued for cash, Value		$ 3,660	482,165	$ (110,000)			375,825
Common stock issued for cash, Shares		3,660,000
Net loss	(2,724,306)				(2,724,306)		(2,724,306)
Foreign currency translation	(249,977)					(249,977)	(249,977)
Shares issued to settle debt, Value		$ 2,575	618,853				621,428
Shares issued to settle debt, Shares		2,574,812
Shars issued for convertible debentures, Value		$ 1,074	771,989				773,063
Shars issued for convertible debentures, Shares		1,073,698
Bonus units issued, Value		$ 200	40,800				41,000
Bonus units issued, Shares		200,000
Balance, Value at Feb. 28, 2017	$ (1,779,970)	$ 29,428	$ 5,028,885	$ (110,000)	$ (6,345,026)	$ (383,257)	$ (1,779,970)
Balance, Shares at Feb. 28, 2017		37,537,556

FORTEM RESOURCES INC. - Statem6

FORTEM RESOURCES INC. - Statements of Cash Flows - USD ($)	12 Months Ended
	Feb. 28, 2017	Feb. 29, 2016
Cash flows used in operating activities:
Net loss	$ (2,724,306)	$ (370,324)
Non-cash items:
Loss on settlement of convertible debt	1,309,022
Change in fair value of derivative liability	1,197,268	(229,327)
Accretion	202,263	2,061
Depreciation	3,409	3,419
Gain on settlement of debt	(79,239)
Management fees	233,786	91,824
Gain on write-off of accounts payable	(215,348)
Financing fee	73,621
Unrealized foreign exchange	(228,307)	31,674
Interest income	(251)	(243)
Shares issued for salaries and benefits		37,500
Stock-based compensation		107,172
Write-off of advances receivable		25,000
Changes in non-cash working capital items:
Receivable	(23,824)	1,401
Prepaid expenses and other	(16,290)	17,721
Accounts payable and accrued liabilities	70,302	135,229
Cash used in operating activities	(197,894)	(238,717)
Cash flows used in investing activities:
Expenditures on oil and gas properties	(63,402)	(35,399)
Deposits on oil and gas properties		(12,337)
Cash used in investing activities	(63,402)	(47,736)
Cash flows from financing activities:
Issuance of share capital, net of issuance costs	599,275	7,606
Subscriptions received		50,000
Issuance of convertible debenture	200,000
Net proceeds from (to) related parties	(100,924)	225,187
Cash provided by financing activities	598,351	282,793
Effect of foreign exchange on cash		(772)
Change in cash	437,055	(4,432)
Cash, beginning of year	22,426	26,858
Cash, end of year	$ 459,481	22,426
Non-cash transactions
Accrued expenditures on oil and gas properties		$ 10,292

1. Nature and Continuance of Op

1. Nature and Continuance of Operations	12 Months Ended
	Feb. 28, 2017
Notes
1. Nature and Continuance of Operations	1. NATURE AND CONTINUANCE OF OPERATIONS Fortem Resources Inc. (the “Company”) was incorporated in the State of Nevada on July 9, 2004. The Company focuses its business efforts on the acquisition, exploration, and development of oil and gas properties. The accompanying financial statements have been prepared assuming the Company will continue as a going concern. As of February 28, 2017, the Company has not achieved profitable operations, has incurred losses in developing its business, and further losses are anticipated. The Company has an accumulated deficit of $6,345,026. The Company’s ability to continue as a going concern is dependent upon its ability to obtain the necessary financing to meet its obligations and pay its liabilities when they come due. To date, the Company has funded operations through the issuance of capital stock and debt. Management plans to continue raising additional funds through equity or debt financings and loans from directors. There is no certainty that further funding will be available as needed. These factors raise substantial doubt about the ability of the Company to continue operating as a going concern. The ability of the Company to continue its operations as a going concern is dependent upon its ability to raise sufficient new capital to fund its operating commitments and ongoing losses and ultimately on generating profitable operations. The financial statements do not include any adjustments to be recorded to assets or liabilities that might be necessary should the Company be unable to continue as a going concern.

2. Summary of Significant Accou

2. Summary of Significant Accounting Policies	12 Months Ended
	Feb. 28, 2017
Notes
2. Summary of Significant Accounting Policies	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation These financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States (“US GAAP’), and are expressed in United States dollars. The Company has not produced material revenues from its principal business to date. Use of Estimates The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates estimates and assumptions. The Company bases its estimates and assumptions on current facts, historical experience and various other factors it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected. The most significant estimates with regard to these financial statements relate to carrying values of oil and gas properties, the assumptions used to record asset retirement obligations, the assumptions used to determine the fair value of derivative financial liabilities, and the estimated useful life of equipment. Foreign Currency Translation The Company’s functional currency is the Canadian dollar and reporting currency is the United States dollar. The Company translates assets and liabilities to US dollars using year-end exchange rates, stockholders’ deficit accounts are translated at historical exchange rates, and translates revenues and expenses using average exchange rates during the period. Gains and losses arising on settlement of foreign currency denominated transactions or balances are included in the Statement of Operations. Adjustments arising from the translation of balances from the Canadian dollar to the US dollar are included in other comprehensive income (loss). The Company has not entered into derivative instruments to offset the impact of foreign currency fluctuations. Oil and Gas Properties The Company utilizes the full cost method to account for its investment in oil and gas properties. Accordingly, all costs associated with acquisition, exploration and development of oil and gas reserves, including such costs as leasehold acquisition costs, interest costs relating to unproved properties, geological expenditures, tangible and intangible development costs including direct internal costs are capitalized to the full cost pool. When the Company commences production from established proven oil and gas reserves, capitalized costs, including estimated future costs to develop the reserves and estimated abandonment costs, net of salvage, will be depleted on the units-of-production method using estimates of proved reserves. Costs of unproved properties are not amortized until the proved reserves associated with the projects can be determined or until impairment occurs. If an assessment of such properties indicates that properties are impaired, the amount of impairment is added to the capitalized cost base to be amortized. The capitalized costs included in the full cost pool are subject to a "ceiling test", which limits such costs to the aggregate of the (i) estimated present value, using a ten percent discount rate, of the future net revenues from proved reserves, based on current economic and operating conditions, (ii) the lower of cost or estimated fair value of unproven properties included in the costs being amortized, (iii) the cost of properties not being amortized, less (iv) income tax effects related to differences between the book and tax basis of the cost of properties not being amortized and the cost or estimated fair value of unproved properties included in the costs being amortized. Sales of proved and unproved properties are accounted for as adjustments of capitalized costs with no gain or loss recognized, unless such adjustments would significantly alter the relationship between capitalized costs and proved reserves of oil and gas, in which case the gain or loss is recognized in the statement of operations. The Company’s oil and gas properties are under development with minimal production to date. Accordingly, no amortization is being recorded. Equipment Equipment is recorded at cost and amortized on a straight line basis over 20 years. Asset Retirement Obligations The Company records the fair value of an asset retirement obligation as a liability in the period in which it incurs an obligation associated with the retirement of tangible long-lived assets that result from the acquisition, construction, development and/or normal use of the assets. The estimated fair value of the asset retirement obligation is based on the current cost escalated at an inflation rate and discounted at a credit adjusted risk-free rate. This liability is capitalized as part of the cost of the related asset and amortized over its useful life. The liability accretes until the Company settles the obligation. Environmental Oil and gas activities are subject to extensive federal and state environmental laws and regulations. These laws, which are constantly changing, regulate the discharge of materials into the environment and may require the Company to remove or mitigate the environmental effects of the disposal or release of petroleum or chemical substances at various sites. Environmental expenditures are expensed or capitalized depending on their future economic benefit. Expenditures that relate to an existing condition caused by past operations and that have no future economic benefits are expensed. Expenditures that have future economic benefits are capitalized. Liabilities for expenditures of a non-capital nature are recorded when an environmental assessment and/or remediation is probable, and the costs can be reasonably estimated. Impairment of Long-Term Assets The Company has adopted FASB ASC 360 “ Accounting for the Impairment or Disposal of Long-Lived Assets," w Revenue Revenue is recognized when: The significant risks and rewards of ownership have been transferred; Neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold has been retained; The amount of revenue can be measured reliably; and The costs incurred or to be incurred in respect of the transaction can be measured reliably. Revenue is measured at the fair value of consideration received or receivable. Proceeds from the sale of oil and gas prior to commercial production are credited to costs deferred during development. Fair Value of Financial Instruments The estimated fair values for financial instruments are determined based on relevant market information. These estimates involve uncertainties and cannot be determined with precision. The estimated fair value of cash, receivable, accounts payable and accrued liabilities, amounts due to related party and note payable approximate their carrying value due to the short-term nature of those instruments. ASC 820 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 prioritizes the inputs into three levels that may be used to measure fair value: Level 1 – Quoted prices in active markets for identical assets or liabilities; Level 2 – Inputs other than quoted prices included within Level 1 that are either directly or indirectly observable; and Level 3 – Unobservable inputs that are supported by little or no market activity, there for requiring an entity to develop its own assumptions about the assumption that market participants would use in pricing. The Company had certain Level 3 liabilities required to be recorded at fair value on a recurring basis in accordance with US GAAP as at February 28, 2017. As at February 28, 2017, the Company’s Level 3 liabilities consisted of warrants. The resulting Level 3 liabilities have no active market and are required to be measured at their fair value each reporting period based on information that is unobservable. A summary of the Company’s level 3 liabilities for the years ended February 28, 2017 and February 29, 2016 is as follows: February 28, 2017 February 29, 2016 Warrants Beginning fair value $ 150,136 $ 379,463 Issuance 1,043,074 - Change in fair value 1,397,267 (229,327) Ending fair value of warrants 2,590,477 150,136 Embedded Conversion feature Beginning fair value - - Bifurcation of embedded conversion feature 199,999 - Change in fair value (199,999) - Ending fair value of embedded conversion feature - - Ending fair value of Level 3 liability $ 2,590,477 $ 150,136 Basic and Diluted Income (Loss) per Share Earnings or loss per share (“EPS”) is computed by dividing net income (loss) available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted EPS is computed by dividing net income (loss) by the weighted-average of all potentially dilutive shares of the common stock that were outstanding during the years presented. There were 6,123,698 (2016 - 3,680,000) potentially dilutive securities excluded from the calculation of diluted loss per share as their effect would be anti-dilutive. The treasury stock method is used in calculating diluted EPS for potentially dilutive stock options and share purchase warrants, which assumes that any proceeds received from the exercise of in-the-money stock options and share purchase warrants, would be used to purchase common shares at the average market price for the period. Income Taxes Income taxes are determined using the liability method. Deferred tax assets and liabilities, if any, are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using the enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes that date of enactment. In addition, a valuation allowance is established to reduce any deferred tax asset for which it is determined that it is more likely than not that some portion of the deferred tax asset will not be realized. The Company accounts for uncertainty in income taxes by applying a two-step method. First, it evaluates whether a tax position has met a more likely than not recognition threshold, and second, it measures that tax position to determine the amount of benefit, if any, to be recognized in the financial statements. Recent Accounting Pronouncements In August 2014, the FASB issued ASU 2014-15, Presentation of Financial Statements - Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments. Other recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force), the American Institute of Certified Public Accountants, and the SEC did not, or are not believed by management to, have a material impact on the Company's present or future financial position, results of operations or cash flows.

3. Oil and Gas Properties

3. Oil and Gas Properties	12 Months Ended
	Feb. 28, 2017
Notes
3. Oil and Gas Properties	3. OIL AND GAS PROPERTIES Effective February 21, 2012, the Company entered into a Farmout Agreement (the “Agreement”) with Harvest Operations Corp. (“Farmor”). The Agreement provided for the Company’s acquisition of an undivided 100% working interest (“Working Interest”) in a petroleum and natural gas license covering land located in the Compeer Area in the Province of Alberta, Canada (the “Farmout Lands”). To earn the Working Interest the Company was required to drill, complete, equip or abandon a test well on the Farmout Lands (“Test Well”). On March 14, 2012, the Company obtained operator status and was transferred the well license relating to the Test Well. The Company’s Working Interest in the Farmout Lands will be held subject to a non-convertible overriding royalty payable to the Farmor (“Farmor’s Royalty”). The Farmor’s Royalty on net crude oil revenues will be measured on a sliding scale from 5% to 15% over a range of production volumes from 1 to 150 barrels per day. The Farmor’s Royalty on net gas and other petroleum product revenues is 15%. The Test Well was spudded on May 27, 2012, and on September 5, 2012, the Company received an earning notice granting the Company a 100% working interest in the Farmout Lands. As of February 28, 2017, the Company has incurred $641,494 (2016 - $568,151) in exploration costs to drill, complete and equip the Test Well, net of impairment charges in prior periods. The Company also has $33,082 (CAD$43,934) (2016 - $32,224 (CAD$43,605)) in bonds held with the Alberta Energy Regulator for its oil and gas properties.

4. Equipment

4. Equipment	12 Months Ended
	Feb. 28, 2017
Notes
4. Equipment	4. EQUIPMENT February 28, 2017 Cost Accumulated Depreciation Net Book Value $ $ $ Oil and gas equipment 67,289 12,333 54,956 February 29, 2016 Cost Accumulated Depreciation Net Book Value $ $ $ Oil and gas equipment 66,038 8,802 57,236

5. Accounts Payable

5. Accounts Payable	12 Months Ended
	Feb. 28, 2017
Notes
5. Accounts Payable	5. ACCOUNTS PAYABLE During the year ended February 28, 2017, the Company paid $11,471 (CAD$15,000) in cash to settle $22,942 (CAD$30,000) of balance owing to the former chief operating officer of the Company. As a result, the Company recorded a gain on settlement of debt of $11,471. During the year ended February 28, 2017, the Company paid $5,000 in cash to settle $12,898 of balance owing to a creditor. As a result, the Company recorded a gain on settlement of debt of $7,898.

6. Note Payable

6. Note Payable	12 Months Ended
	Feb. 28, 2017
Notes
6. Note Payable	6. NOTE PAYABLE As at February 28, 2017, the Company had $18,825 (CAD$25,000) (2016 - $18,475 (CAD$25,000)) in short term note obligations to an unrelated party. The note payable is unsecured, non-interest bearing and payable upon demand.

7. Asset Retirement Obligation

7. Asset Retirement Obligation	12 Months Ended
	Feb. 28, 2017
Notes
7. Asset Retirement Obligation	7. ASSET RETIREMENT OBLIGATION The Company’s asset retirement obligation consists of reclamation and closure costs associated with the Test Well in the Farmout Lands. The asset retirement obligation was estimated based on the Company’s understanding of its requirements to reclaim currently disturbed areas. Significant reclamation and closure activities include land rehabilitation, water, removal of building and well facilities and tailings reclamation. The undiscounted estimate of this liability was $37,650 (CAD$50,000) (2016 - $36,950 (CAD$50,000)) reflecting payments commencing in 2024. This estimate was adjusted for an inflation rate of 2.00% and then discounted at a rate of 10.00% for a net present value of $24,546 (CAD$32,597) (2016 - $21,900 (CAD$29,660)) as at February 28, 2017.

8. Convertible Debenture and De

8. Convertible Debenture and Derivative Financial Liabilities	12 Months Ended
	Feb. 28, 2017
Notes
8. Convertible Debenture and Derivative Financial Liabilities	8. CONVERTIBLE DEBENTURE AND DERIVATIVE FINANCIAL LIABILITIES On May 17, 2016, the Company entered into a secured convertible debenture agreement (the “Debenture”) with a Lender. Under the Debenture, the Lender agreed to lend to the Company $200,000. At the discretion of the Lender, the principal and accrued but unpaid interest under the Debenture was convertible into units of the Company at $0.20 per unit at any time until the Maturity Date. Each unit consists of one common share of the Company and one common share purchase warrant. Each warrant is exercisable to purchase one common share at a price of $0.40 per share for a period of two years. The conversion feature was determined to be a derivative liability due to the conversion price being denominated in a currency other than the Company’s functional currency; therefore, at initial measurement, the proceeds were allocated to the conversion feature and any residual proceeds to the principal. At issuance date, the fair value of the conversion feature was $199,999 and a value of $1 was allocated to the principal. In consideration for the Debenture, the Company issued the Lender 200,000 units. Each unit consisted of one common share of the Company and one common share purchase warrant. Each warrant is exercisable to purchase one common share at a price of $0.40 per share for a period of two years. The warrants were determined to be derivatives. At issuance date, the fair value of these units totaling $73, 621 was recorded as a financing fee in the Statement of Operations. On February 10, 2017, the Lender converted the outstanding principal and interest of $214,740 into 1,073,698 units of the Company with each unit consisting of one common share of the Company and one common share purchase warrant. Each warrant is exercisable to purchase one common share at a price of $0.40 per share for a period of two years. At conversion date, the fair value of the common shares and warrants was $1,509,022. As a result, the Company recorded a loss on settlement of convertible debt of $1,309,022. During the year ended February 28, 2017, the Company recognized accretion expense of $199,999 (2016 - $Nil) and a gain on fair value adjustment of $199,999 (2016 - $Nil). At February 28, 2017, the fair value of the derivative liability associated with the conversion feature was $Nil (2016 - $Nil). The fair value of the conversion feature was calculated using the Black-Scholes Option Pricing Model at the issuance date, and was revalued at each reporting date.

9. Derivative Financial Liabili

9. Derivative Financial Liabilities - Warrants	12 Months Ended
	Feb. 28, 2017
Notes
9. Derivative Financial Liabilities - Warrants	9. DERIVATIVE FINANCIAL LIABILITIES - WARRANTS Balance, February 28, 2015 $ 379,463 Fair value adjustment (229,327) Balance, February 29, 2016 150,136 Warrants issued 1,043,074 Fair value adjustment 1,397,267 Balance, February 28, 2017 $ 2,590,477 The derivative liability consists of the fair value of share purchase warrants that were issued in unit private placements that have an exercise price in a currency other than the functional currency of the Company. At February 28, 2017, the fair value of the warrants was determined using the Black-Scholes Option Pricing Model using the following weighted average market assumptions: February 28, 2017 February 29, 2016 Volatility 265 % 235 % Risk-free interest rate 1.22 % 0.68 % Expected life 1.99 years 1.43 years Dividend yield nil nil

10. Share Capital

10. Share Capital	12 Months Ended
	Feb. 28, 2017
Notes
10. Share Capital	10. SHARE CAPITAL During the year ended February 28, 2017: In March 2016, the Company issued 500,000 units at a price of $0.10 per unit for a total of $50,000. Each unit consists of one common share of the Company and one common share purchase warrant, with each warrant being exercisable into one additional share at an exercise price of $0.40 for a period of three years. The proceeds for this issuance were received in the year ended February 29, 2016 and on the issuance of these units, the Company allocated $500 to share capital and $49,500 to the warrant liability. In May 2016, the Company issued 353,521 common shares with a fair price of $0.10 per share for a total of $35,352 to settle accounts payable of $95,584 (CAD$123,733). As a result, the Company recorded a gain on settlement of debt of $60,232. In May 2016, the Company issued 200,000 units with a fair price of $0.21 per share in regards to the secured convertible debenture (Note 8). Each unit consists of one common share of the Company and one common share purchase warrant. Each warrant is exercisable to purchase one common share at a price of $0.40 per share for a period of two years. The warrants were determined to be derivatives. At issuance date, the fair value of the common shares and warrants was $73,621 with $41,000 allocated to share capital and $32,621 allocated to warrant liability. In September 2016, the Company issued 250,000 units at a price of $0.10 per unit for gross proceeds of $25,000. Each unit consists of one common share of the Company and one common share purchase warrant, with each warrant being exercisable into one additional share at an exercise price of $0.40 for a period of three years. Upon the issuance of these units, the Company allocated $250 to share capital and $24,750 to the warrant liability. In November 2016, the Company issued 400,000 common shares at a price of $0.25 per share for gross proceeds of $100,000. In January 2017, the Company issued 1,680,000 common shares with a fair price of $0.25 per share for a total of $420,000 to settle amounts due to a related party payable of $420,000. In January 2017, the Company issued 182,832 common shares with a fair price of $0.25 per share for a total of $45,708 to settle accrued liabilities of $76,100. As a result, the Company recorded a gain on settlement of debt of $30,392. In January 2017, the Company issued 121,888 common shares with a fair price of $0.25 per share for a total of $30,472 to settle amounts due to a related party of $30,472. In January 2017, the Company issued 236,571 common shares with a fair price of $0.38 per share for a total of $89,897 to settle accounts payable of $59,143. As a result, the Company recorded a loss on settlement of debt of $30,754. In January 2017, the Company issued 400,000 shares at a price of $0.25 per share for gross proceeds of $100,000. In February 2017, the Company issued 1,310,000 shares at a price of $0.25 per share for gross proceeds of $327,500. In February 2017, the Company issued 800,000 units at a price of $0.25 per unit for gross proceeds of $200,000. Each unit consists of one common share of the Company and one common share purchase warrant, with each warrant being exercisable into one additional share at an exercise price of $0.60 for a period of two years. Upon the issuance of these units, the Company allocated $800 to share capital and $199,200 to the warrant liability. In February 2017, the Company issued 1,073,698 units with a fair price of $1,509,022 in connection with the conversion of the convertible debenture (Note 8). Each unit consists of one common share of the Company and one common share purchase warrant, with each warrant being exercisable into one additional share at an exercise price of $0.40 for a period of two years. Upon the issuance of these units, the Company allocated $773,063 to share capital and $735,959 to the warrant liability. The Company paid a total of $43,225 in finder’s fees in connection with the private placements of equity financings during the year ended February 28, 2017. During the year ended February 29, 2016: In August 2015, the Company issued 22,222 common shares at CAD$0.45 for gross proceeds of $7,606 (CAD$10,000) in subscriptions for a private placement. In January 2016, the Company issued 125,000 common shares to a former officer for an employment contract entered in April 2015. The fair value of the shares issued was $37,500, and is included in salaries and benefits. Share Subscriptions Receivable As at February 28, 2017, the Company had $110,000 in share subscriptions receivable. Subsequent to the year end, the Company received the proceeds in full. Warrants Below is a summary of the common share purchase warrant transactions: Number of Warrants Weighted Average Exercise Price per Warrant $ Outstanding at February 28, 2015 and February 29, 2016 1,080,000 0.40 Issued 2,823,698 0.46 Expired (80,000) 1.50 Number of warrants at February 28, 2017 3,823,698 0.44 A summary of the common share purchase warrants outstanding and exercisable at February 28, 2017 is as follows: Exercise Price Number Outstanding Expiry Date $ 0.40 200,000 May 17, 2018 0.40 1,000,000 March 8, 2019 0.40 500,000 March 9, 2019 0.40 250,000 September 22, 2019 0.60 800,000 February 10, 2019 0.40 1,073,698 February 10, 2019 3,823,698 The weighted average exercise price is $0.44 and weighted average life of the warrants is 1.59 years. Stock Options The Company’s Stock Option Plan allows a maximum 5,579,335 shares to be reserved for issuance under the plan. Options granted under the plan may not have a term exceeding 10 years and vesting provisions are at the discretion of the Board of Directors. In November 2015, the Company granted 2,600,000 stock options for a period of five years, valued at $0.04 per option for a total value of $107,172 calculated using the Black-Scholes Option Pricing Model assuming a life expectancy of five years, a risk free rate of 1.59%, a forfeiture rate of 0%, and volatility of 168%. During the year ended February 28, 2017, there were 300,000 stock options forfeited. A summary of the stock options outstanding and exercisable at February 28, 2017 is as follows: Exercise Price Number Outstanding and Exercisable Expiry Date Aggregate Intrinsic Value $ $ 0.10 2,300,000 November 3, 2020 1,403,000 As at February 28 The aggregate intrinsic value in the proceeding table represents the total intrinsic value, based on the Company’s closing stock price of $0.71 per share as of February 28, 2017.

11. Related Party Transactions

11. Related Party Transactions	12 Months Ended
	Feb. 28, 2017
Notes
11. Related Party Transactions	11. RELATED PARTY TRANSACTIONS During the year ended February 28, 2017, the Company Incurred a total of $233,786 (2016 - $91,824) in management fees to a director and officer of the Company. Incurred a total of $0 (2016 - $3,634) in consulting fees to a director and officer of the Company. Incurred a total of $0 (2016 - $108,262) to the former chief operating officer of the Company included in salaries and benefits. Of this amount, $37,500 was issued in shares of the Company. Incurred a total of $0 (2016 - $107,172) in share-based payments to directors and management of the Company. Issued 1,680,000 common shares with a fair price of $0.25 per share for a total of $420,000 to settle amounts due to related party payable of $420,000. As at February 28, 2017, Nil (2016 - $22,170 (CAD$30,000) was owing to the former chief operating officer of the Company and was included in accrued liabilities. This amount was non-interest bearing and unsecured. Due to related parties consist of the following: February 28, 2017 February 29, 2016 $ $ Due to directors and officers of the Company 48,831 334,869

12. Income Taxes

12. Income Taxes	12 Months Ended
	Feb. 28, 2017
Notes
12. Income Taxes	12. INCOME TAXES The Company is subject to United States federal income taxes at an approximate rate of 35%. The 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 : February 28, 2017 February 29, 2016 $ $ Loss before income taxes (2,724,306) (370,324) Statutory tax rate 35% 35% Expected recovery of income taxes computed at statutory rates (954,000) (130,000) Permanent differences 680,000 (43,000) Reconciliation of tax rates and other - (132,000) Effect of foreign exchange 4,000 - Change in valuation allowance 270,000 305,000 Provision for income taxes $ - $ - The significant components of deferred income tax assets at February 28, 2017 and February 29, 2016 are as follows: February 28, 2017 February 29, 2016 Deferred income tax assets: Operating loss carry forward 1,483,000 1,209,000 Oil and gas properties 342,000 346,000 Less: valuation allowance (1,825,000) (1,555,000) Deferred income tax assets, net - - At February 28, 2017, the Company had accumulated non-capital loss carry-forwards of approximately $4,237,000 that expire from 2025 through 2037. The potential future tax benefits of these expenses and losses carried-forward have not been reflected in these financial statements due to the uncertainty regarding their ultimate realization. Tax attributes are subject to review, and potential adjustment by tax authorities.

13. Subsequent Events

13. Subsequent Events	12 Months Ended
	Feb. 28, 2017
Notes
13. Subsequent Events	13. SUBSEQUENT EVENTS a) In March and April 2017, the Company issued a total of 2,347,142 shares for total gross proceeds of $1,304,999. b) In April 2017, the Company entered into and closed two Membership Interest Purchase Agreements with three arm’s length vendors to acquire all membership interest of Colony Energy, LLC (“Colony”), a Nevada limited liability company. Colony holds a 100% interest in and to certain petroleum, natural gas and general rights, including Alberta Crown Petroleum and Oil Leases, in 20 contiguous sections totaling 12,960 acres located in the Godin area of Northern Alberta. In consideration for the acquisition of Colony, the Company issued an aggregate of 21,000,000 shares of its common stock to the three vendors on the closing date and agreed to issue an additional 3,000,000 shares on a postclosing basis with 1,000,000 shares to be issued to one of the vendors on the first, second and third anniversaries of the closing date. c) In April 2017, the Company entered into and closed a Membership Interest Purchase Agreement with two arm’s length vendors to acquire all membership interest of Black Dragon, LLC (“Black Dragon”), a Nevada limited liability company. Black Dragon has the right to acquire a 75% working interest in and to certain leases, hydrocarbons, wells, agreements, equipment, surface rights agreements and assignable permits totaling approximately 165,000 acres (258 sections) at an 80% net revenue interest located in the Moenkopi formation of the Carbon and Emery Counties, Utah (“Black Dragon Property”). In consideration for the acquisition of Black Dragon, the Company issued an aggregate of 20,000,000 shares of its common stock to the two vendors on the closing date and paid US$100,000 prior to the closing as a non refundable deposit. In addition, the Company assumed the obligation for certain cash payments totaling $2.7 million before September 1, 2018 (or $2.4 million if all payments are made by September 1, 2017) for the working interest in the Black Dragon Property. d) In April 2017, the Company entered into and closed a Membership Interest Purchase Agreement with two arm’s length vendors to acquire 100% membership interest of Rolling Rock Resources, LLC (“Rolling Rock”), a Nevada limited liability company. Rolling Rock has the right to acquire a 50% working interest in and to certain leases, hydrocarbons, wells, agreements, equipment, surface rights agreements and assignable permits totaling approximately 101,888 acres (160 sections) at an 80% net revenue interest located in the Mancos formation in the Southern Uinta Basin, Utah (“Rolling Rock Property”). In consideration for the acquisition of Rolling Rock, the Company issued an aggregate of 20,000,000 shares of its common stock to the two vendors on the closing date and paid US$100,000 prior to the closing as a non refundable deposit. In addition, the Company assumed the obligation for certain cash payments totaling $2.4 million before September 1, 2018 (or $2.15 million if all payments are made by September 1, 2017) for the working interest in the Rolling Rock Property. e) In May 2017, the Company acquired 100% of the membership interest in City of Gold, LLC, a Nevada limited liability company, from two Nevada limited liability companies pursuant to a Membership Interest Purchase Agreement. The Membership Interest Purchase Agreement provides for a total purchase price consisting of an aggregate of 30,000,000 common shares of its common stock at a deemed price of $2.00 per share (the “Purchase Shares”). 15,000,000 of the Purchase Shares were issued at closing; the other 15,000,000 Purchase Shares are to be issued within ten Business Days after City of Gold, LLC earns the Option. City of Gold, LLC‘s sole assets consist of 2,930,259 common shares and 2,930,259 share purchase warrants in the capital of Asia Pacific Mining Limited ( “Asia Pacific” “Option Agreement” Under the Option Agreement, the vendors have agreed to grant to City of Gold, LLC the option (the “Option”) to purchase 100% of the ownership interest in a wholly owned subsidiary of Asia Pacific (the “Project Subsidiary”) which, in turn, owns 100% of the rights to the City of Gold mineral exploration project located in Myanmar which covers an area of approximately 465 square kilometers in close proximity to hydropower, water, and infrastructure to accommodate exploration and development of the property. City of Gold, LLC can earn the Option upon issuance of an exploration license for the City of Gold Project, subject to a financing condition.

2. Summary of Significant Acc20

2. Summary of Significant Accounting Policies: Basis of Presentation (Policies)	12 Months Ended
	Feb. 28, 2017
Policies
Basis of Presentation	Basis of Presentation These financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States (“US GAAP’), and are expressed in United States dollars. The Company has not produced material revenues from its principal business to date.

2. Summary of Significant Acc21

2. Summary of Significant Accounting Policies: Use of Estimates (Policies)	12 Months Ended
	Feb. 28, 2017
Policies
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates estimates and assumptions. The Company bases its estimates and assumptions on current facts, historical experience and various other factors it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected. The most significant estimates with regard to these financial statements relate to carrying values of oil and gas properties, the assumptions used to record asset retirement obligations, the assumptions used to determine the fair value of derivative financial liabilities, and the estimated useful life of equipment.

2. Summary of Significant Acc22

2. Summary of Significant Accounting Policies: Foreign Currency Translation (Policies)	12 Months Ended
	Feb. 28, 2017
Policies
Foreign Currency Translation	Foreign Currency Translation The Company’s functional currency is the Canadian dollar and reporting currency is the United States dollar. The Company translates assets and liabilities to US dollars using year-end exchange rates, stockholders’ deficit accounts are translated at historical exchange rates, and translates revenues and expenses using average exchange rates during the period. Gains and losses arising on settlement of foreign currency denominated transactions or balances are included in the Statement of Operations. Adjustments arising from the translation of balances from the Canadian dollar to the US dollar are included in other comprehensive income (loss). The Company has not entered into derivative instruments to offset the impact of foreign currency fluctuations.

2. Summary of Significant Acc23

2. Summary of Significant Accounting Policies: Oil and Gas Properties (Policies)	12 Months Ended
	Feb. 28, 2017
Policies
Oil and Gas Properties	Oil and Gas Properties The Company utilizes the full cost method to account for its investment in oil and gas properties. Accordingly, all costs associated with acquisition, exploration and development of oil and gas reserves, including such costs as leasehold acquisition costs, interest costs relating to unproved properties, geological expenditures, tangible and intangible development costs including direct internal costs are capitalized to the full cost pool. When the Company commences production from established proven oil and gas reserves, capitalized costs, including estimated future costs to develop the reserves and estimated abandonment costs, net of salvage, will be depleted on the units-of-production method using estimates of proved reserves. Costs of unproved properties are not amortized until the proved reserves associated with the projects can be determined or until impairment occurs. If an assessment of such properties indicates that properties are impaired, the amount of impairment is added to the capitalized cost base to be amortized. The capitalized costs included in the full cost pool are subject to a "ceiling test", which limits such costs to the aggregate of the (i) estimated present value, using a ten percent discount rate, of the future net revenues from proved reserves, based on current economic and operating conditions, (ii) the lower of cost or estimated fair value of unproven properties included in the costs being amortized, (iii) the cost of properties not being amortized, less (iv) income tax effects related to differences between the book and tax basis of the cost of properties not being amortized and the cost or estimated fair value of unproved properties included in the costs being amortized. Sales of proved and unproved properties are accounted for as adjustments of capitalized costs with no gain or loss recognized, unless such adjustments would significantly alter the relationship between capitalized costs and proved reserves of oil and gas, in which case the gain or loss is recognized in the statement of operations. The Company’s oil and gas properties are under development with minimal production to date. Accordingly, no amortization is being recorded.

2. Summary of Significant Acc24

2. Summary of Significant Accounting Policies: Equipment (Policies)	12 Months Ended
	Feb. 28, 2017
Policies
Equipment	Equipment Equipment is recorded at cost and amortized on a straight line basis over 20 years.

2. Summary of Significant Acc25

2. Summary of Significant Accounting Policies: Asset Retirement Obligations (Policies)	12 Months Ended
	Feb. 28, 2017
Policies
Asset Retirement Obligations	Asset Retirement Obligations The Company records the fair value of an asset retirement obligation as a liability in the period in which it incurs an obligation associated with the retirement of tangible long-lived assets that result from the acquisition, construction, development and/or normal use of the assets. The estimated fair value of the asset retirement obligation is based on the current cost escalated at an inflation rate and discounted at a credit adjusted risk-free rate. This liability is capitalized as part of the cost of the related asset and amortized over its useful life. The liability accretes until the Company settles the obligation.

2. Summary of Significant Acc26

2. Summary of Significant Accounting Policies: Environmental (Policies)	12 Months Ended
	Feb. 28, 2017
Policies
Environmental	Environmental Oil and gas activities are subject to extensive federal and state environmental laws and regulations. These laws, which are constantly changing, regulate the discharge of materials into the environment and may require the Company to remove or mitigate the environmental effects of the disposal or release of petroleum or chemical substances at various sites. Environmental expenditures are expensed or capitalized depending on their future economic benefit. Expenditures that relate to an existing condition caused by past operations and that have no future economic benefits are expensed. Expenditures that have future economic benefits are capitalized. Liabilities for expenditures of a non-capital nature are recorded when an environmental assessment and/or remediation is probable, and the costs can be reasonably estimated.

2. Summary of Significant Acc27

2. Summary of Significant Accounting Policies: Impairment of Long-term Assets (Policies)	12 Months Ended
	Feb. 28, 2017
Policies
Impairment of Long-term Assets	Impairment of Long-Term Assets The Company has adopted FASB ASC 360 “ Accounting for the Impairment or Disposal of Long-Lived Assets," w

2. Summary of Significant Acc28

2. Summary of Significant Accounting Policies: Revenue (Policies)	12 Months Ended
	Feb. 28, 2017
Policies
Revenue	Revenue Revenue is recognized when: The significant risks and rewards of ownership have been transferred; Neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold has been retained; The amount of revenue can be measured reliably; and The costs incurred or to be incurred in respect of the transaction can be measured reliably. Revenue is measured at the fair value of consideration received or receivable. Proceeds from the sale of oil and gas prior to commercial production are credited to costs deferred during development.

2. Summary of Significant Acc29

2. Summary of Significant Accounting Policies: Fair Value of Financial Instruments (Policies)	12 Months Ended
	Feb. 28, 2017
Policies
Fair Value of Financial Instruments	Fair Value of Financial Instruments The estimated fair values for financial instruments are determined based on relevant market information. These estimates involve uncertainties and cannot be determined with precision. The estimated fair value of cash, receivable, accounts payable and accrued liabilities, amounts due to related party and note payable approximate their carrying value due to the short-term nature of those instruments. ASC 820 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 prioritizes the inputs into three levels that may be used to measure fair value: Level 1 – Quoted prices in active markets for identical assets or liabilities; Level 2 – Inputs other than quoted prices included within Level 1 that are either directly or indirectly observable; and Level 3 – Unobservable inputs that are supported by little or no market activity, there for requiring an entity to develop its own assumptions about the assumption that market participants would use in pricing. The Company had certain Level 3 liabilities required to be recorded at fair value on a recurring basis in accordance with US GAAP as at February 28, 2017. As at February 28, 2017, the Company’s Level 3 liabilities consisted of warrants. The resulting Level 3 liabilities have no active market and are required to be measured at their fair value each reporting period based on information that is unobservable. A summary of the Company’s level 3 liabilities for the years ended February 28, 2017 and February 29, 2016 is as follows: February 28, 2017 February 29, 2016 Warrants Beginning fair value $ 150,136 $ 379,463 Issuance 1,043,074 - Change in fair value 1,397,267 (229,327) Ending fair value of warrants 2,590,477 150,136 Embedded Conversion feature Beginning fair value - - Bifurcation of embedded conversion feature 199,999 - Change in fair value (199,999) - Ending fair value of embedded conversion feature - - Ending fair value of Level 3 liability $ 2,590,477 $ 150,136

2. Summary of Significant Acc30

2. Summary of Significant Accounting Policies: Basic and Diluted Income (loss) Per Share (Policies)	12 Months Ended
	Feb. 28, 2017
Policies
Basic and Diluted Income (loss) Per Share	Basic and Diluted Income (Loss) per Share Earnings or loss per share (“EPS”) is computed by dividing net income (loss) available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted EPS is computed by dividing net income (loss) by the weighted-average of all potentially dilutive shares of the common stock that were outstanding during the years presented. There were 6,123,698 (2016 - 3,680,000) potentially dilutive securities excluded from the calculation of diluted loss per share as their effect would be anti-dilutive. The treasury stock method is used in calculating diluted EPS for potentially dilutive stock options and share purchase warrants, which assumes that any proceeds received from the exercise of in-the-money stock options and share purchase warrants, would be used to purchase common shares at the average market price for the period.

2. Summary of Significant Acc31

2. Summary of Significant Accounting Policies: Income Taxes (Policies)	12 Months Ended
	Feb. 28, 2017
Policies
Income Taxes	Income Taxes Income taxes are determined using the liability method. Deferred tax assets and liabilities, if any, are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using the enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes that date of enactment. In addition, a valuation allowance is established to reduce any deferred tax asset for which it is determined that it is more likely than not that some portion of the deferred tax asset will not be realized. The Company accounts for uncertainty in income taxes by applying a two-step method. First, it evaluates whether a tax position has met a more likely than not recognition threshold, and second, it measures that tax position to determine the amount of benefit, if any, to be recognized in the financial statements.

2. Summary of Significant Acc32

2. Summary of Significant Accounting Policies: Recent Accounting Pronouncements (Policies)	12 Months Ended
	Feb. 28, 2017
Policies
Recent Accounting Pronouncements	Recent Accounting Pronouncements In August 2014, the FASB issued ASU 2014-15, Presentation of Financial Statements - Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments. Other recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force), the American Institute of Certified Public Accountants, and the SEC did not, or are not believed by management to, have a material impact on the Company's present or future financial position, results of operations or cash flows.

2. Summary of Significant Acc33

2. Summary of Significant Accounting Policies: Fair Value of Financial Instruments: Fair Value of Financial Instrument Table Text Block (Tables)	12 Months Ended
	Feb. 28, 2017
Tables/Schedules
Fair Value of Financial Instrument Table Text Block	February 28, 2017 February 29, 2016 Warrants Beginning fair value $ 150,136 $ 379,463 Issuance 1,043,074 - Change in fair value 1,397,267 (229,327) Ending fair value of warrants 2,590,477 150,136 Embedded Conversion feature Beginning fair value - - Bifurcation of embedded conversion feature 199,999 - Change in fair value (199,999) - Ending fair value of embedded conversion feature - - Ending fair value of Level 3 liability $ 2,590,477 $ 150,136

4. Equipment_ Property, Plant a

4. Equipment: Property, Plant and Equipment (Tables)	12 Months Ended
	Feb. 28, 2017
Tables/Schedules
Property, Plant and Equipment	February 28, 2017 Cost Accumulated Depreciation Net Book Value $ $ $ Oil and gas equipment 67,289 12,333 54,956 February 29, 2016 Cost Accumulated Depreciation Net Book Value $ $ $ Oil and gas equipment 66,038 8,802 57,236

9. Derivative Financial Liabi35

9. Derivative Financial Liabilities - Warrants: Schedule of Derivative Liabilities at Fair Value (Tables)	12 Months Ended
	Feb. 28, 2017
Tables/Schedules
Schedule of Derivative Liabilities at Fair Value	Balance, February 28, 2015 $ 379,463 Fair value adjustment (229,327) Balance, February 29, 2016 150,136 Warrants issued 1,043,074 Fair value adjustment 1,397,267 Balance, February 28, 2017 $ 2,590,477

9. Derivative Financial Liabi36

9. Derivative Financial Liabilities - Warrants: Schedule of Assumptions Used (Tables)	12 Months Ended
	Feb. 28, 2017
Tables/Schedules
Schedule of Assumptions Used	February 28, 2017 February 29, 2016 Volatility 265 % 235 % Risk-free interest rate 1.22 % 0.68 % Expected life 1.99 years 1.43 years Dividend yield nil nil

10. Share Capital_ Warrants Out

10. Share Capital: Warrants Outstanding Table Text Block (Tables)	12 Months Ended
	Feb. 28, 2017
Tables/Schedules
Warrants Outstanding Table Text Block	Number of Warrants Weighted Average Exercise Price per Warrant $ Outstanding at February 28, 2015 and February 29, 2016 1,080,000 0.40 Issued 2,823,698 0.46 Expired (80,000) 1.50 Number of warrants at February 28, 2017 3,823,698 0.44

10. Share Capital_ Schedule of

10. Share Capital: Schedule of Stockholders' Equity Note, Warrants or Rights (Tables)	12 Months Ended
	Feb. 28, 2017
Tables/Schedules
Schedule of Stockholders' Equity Note, Warrants or Rights	Exercise Price Number Outstanding Expiry Date $ 0.40 200,000 May 17, 2018 0.40 1,000,000 March 8, 2019 0.40 500,000 March 9, 2019 0.40 250,000 September 22, 2019 0.60 800,000 February 10, 2019 0.40 1,073,698 February 10, 2019 3,823,698

10. Share Capital_ Schedule o39

10. Share Capital: Schedule of Stockholders Equity (Tables)	12 Months Ended
	Feb. 28, 2017
Tables/Schedules
Schedule of Stockholders Equity	Exercise Price Number Outstanding and Exercisable Expiry Date Aggregate Intrinsic Value $ $ 0.10 2,300,000 November 3, 2020 1,403,000

11. Related Party Transactions_

11. Related Party Transactions: Schedule of Related Party Transactions (Tables)	12 Months Ended
	Feb. 28, 2017
Tables/Schedules
Schedule of Related Party Transactions	February 28, 2017 February 29, 2016 $ $ Due to directors and officers of the Company 48,831 334,869

12. Income Taxes_ Schedule of E

12. Income Taxes: Schedule of Effective Income Tax Rate Reconciliation (Tables)	12 Months Ended
	Feb. 28, 2017
Tables/Schedules
Schedule of Effective Income Tax Rate Reconciliation	February 28, 2017 February 29, 2016 $ $ Loss before income taxes (2,724,306) (370,324) Statutory tax rate 35% 35% Expected recovery of income taxes computed at statutory rates (954,000) (130,000) Permanent differences 680,000 (43,000) Reconciliation of tax rates and other - (132,000) Effect of foreign exchange 4,000 - Change in valuation allowance 270,000 305,000 Provision for income taxes $ - $ -

12. Income Taxes_ Schedule of D

12. Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Tables)	12 Months Ended
	Feb. 28, 2017
Tables/Schedules
Schedule of Deferred Tax Assets and Liabilities	February 28, 2017 February 29, 2016 Deferred income tax assets: Operating loss carry forward 1,483,000 1,209,000 Oil and gas properties 342,000 346,000 Less: valuation allowance (1,825,000) (1,555,000) Deferred income tax assets, net - -

3. Oil and Gas Properties (Deta

3. Oil and Gas Properties (Details) - USD ($)	12 Months Ended
	Feb. 28, 2017	Feb. 29, 2016
Details
Exploration and Production Costs	$ 641,494	$ 568,151

4. Equipment_ Property, Plant44

4. Equipment: Property, Plant and Equipment (Details) - USD ($)	Feb. 28, 2017	Feb. 29, 2016
Cost
Property, Plant and Equipment, Net	$ 67,289	$ 66,038
Accumulated Depreciation
Property, Plant and Equipment, Net	12,333	8,802
Net Book Value
Property, Plant and Equipment, Net	$ 54,956	$ 57,236

5. Accounts Payable (Details)

5. Accounts Payable (Details)	Feb. 28, 2017USD ($)
Details
Settlement of Debt	$ 11,471
Gain on Debt Settlement	$ 11,471

6. Note Payable (Details)

6. Note Payable (Details)	Feb. 28, 2017USD ($)
Details
Notes and Loans Payable	$ 18,825

7. Asset Retirement Obligation

7. Asset Retirement Obligation (Details) - USD ($)	Feb. 28, 2017	Feb. 29, 2016
Details
Asset Retirement Obligations, Noncurrent	$ 24,546	$ 21,900

8. Convertible Debenture and 48

8. Convertible Debenture and Derivative Financial Liabilities (Details)	Feb. 28, 2017USD ($)
Details
Convertible Debt	$ 199,999

9. Derivative Financial Liabi49

9. Derivative Financial Liabilities - Warrants: Schedule of Derivative Liabilities at Fair Value (Details) - Derivative Financial Liabilities - Warrants - USD ($)	12 Months Ended
	Feb. 28, 2017	Feb. 29, 2016	Feb. 28, 2015
Warrants	$ 2,590,477	$ 150,136	$ 379,463
Fair Value Adjustment of Warrants	1,397,267	$ (229,327)
Warrants Issued	$ 1,043,074

9. Derivative Financial Liabi50

9. Derivative Financial Liabilities - Warrants: Schedule of Assumptions Used (Details)	12 Months Ended
	Feb. 28, 2017	Feb. 29, 2016
Details
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Minimum	265.00%	235.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate, Minimum	1.22%	0.68%
Expected Life	1 year 11 months 26 days	1 year 5 months 5 days

10. Share Capital (Details)

10. Share Capital (Details) - USD ($)	1 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Nov. 30, 2016	Feb. 28, 2017	Feb. 27, 2017	Feb. 26, 2017	Jan. 31, 2017	Jan. 30, 2017	Jan. 29, 2017	Jan. 28, 2017	Jan. 27, 2017	Nov. 29, 2016	May 31, 2016	May 30, 2016	Mar. 30, 2016	Feb. 29, 2016	Jan. 31, 2016	Aug. 31, 2015
Common Stock, Shares Issued			37,537,556												30,029,046
Stockholders' Equity Note, Subscriptions Receivable			$ 110,000
During the Year Ended February 28, 2017
Common Stock, Shares Issued	250,000		1,310,000	800,000	1,073,698	1,680,000	182,832	121,888	236,571	400,000	400,000	353,521	200,000	500,000
Gross Proceeds for Subscriptions	$ 25,000		$ 327,500	$ 200,000	$ 1,509,022					$ 100,000	$ 100,000			$ 50,000
Shares Issued, Price Per Share												$ 0.10	$ 0.21
Represents the monetary amount of SharesIssuedForServices, during the indicated time period.		$ 73,621
Share Capital	250		41,000
Warrant Liability	$ 24,750		32,621
Related Party Transaction, Due from (to) Related Party						$ 420,000
Accrued Liabilities, Current							$ 76,100
Due to Related Parties, Current								$ 30,472
Accounts Payable, Current									$ 59,143
Finder's Fees			$ 43,225
During the Year Ended February 29, 2016
Common Stock, Shares Issued																125,000	22,222
Gross Proceeds for Subscriptions																	$ 7,606
Fair Value of Common Stock Shares Issued																	$ 37,500

10. Share Capital_ Warrants O52

10. Share Capital: Warrants Outstanding Table Text Block (Details) - $ / shares	12 Months Ended
	Feb. 28, 2017	Feb. 29, 2016
Details
Class of Warrant or Right, Outstanding	3,823,698	1,080,000
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 0.44	$ 0.40
Debt Conversion, Converted Instrument, Warrants or Options Issued	2,823,698
Warrants per share issued	$ 0.46
Warrants Expired	(80,000)
Warrants Expired Price Per Share	$ 1.50

10. Share Capital_ Schedule o53

10. Share Capital: Schedule of Stockholders' Equity Note, Warrants or Rights (Details)	12 Months Ended
	Feb. 28, 2017$ / sharesshares
Warrant1
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Exercise Price | $ / shares	$ 0.40
Temporary Equity, Shares Outstanding | shares	200,000
Expiry Date	May 17, 2018
Warrant2
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Exercise Price | $ / shares	$ 0.40
Temporary Equity, Shares Outstanding | shares	1,000,000
Expiry Date	Mar. 8, 2019
Warrant3
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Exercise Price | $ / shares	$ 0.40
Temporary Equity, Shares Outstanding | shares	500,000
Expiry Date	Mar. 9, 2019
Warrant4
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Exercise Price | $ / shares	$ 0.40
Temporary Equity, Shares Outstanding | shares	250,000
Expiry Date	Sep. 22, 2019
Warrant5
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Exercise Price | $ / shares	$ 0.60
Temporary Equity, Shares Outstanding | shares	800,000
Expiry Date	Feb. 10, 2019
Warrant6
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Exercise Price | $ / shares	$ 0.40
Temporary Equity, Shares Outstanding | shares	1,073,698
Expiry Date	Feb. 10, 2019

10. Share Capital_ Schedule o54

10. Share Capital: Schedule of Stockholders Equity (Details)	12 Months Ended
	Feb. 28, 2017USD ($)$ / sharesshares
Details
Exercise Price | $ / shares	$ 0.10
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | shares	2,300,000
Expiration Date	Nov. 3, 2020
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value | $	$ 1,403,000

11. Related Party Transactions

11. Related Party Transactions (Details) - USD ($)	12 Months Ended
	Feb. 28, 2017	Feb. 29, 2016
Details
Management Fees	$ 233,786	$ 91,824
Consulting Fees	0	3,634
Officers' Compensation	0	108,262
Salaries, Wages and Officers' Compensation	$ 0	$ 107,172
Shares Issued to Related Parties	1,680,000
Fair Value of Shares Issued	$ 0.25
Related Party Tax Expense, Due to Affiliates, Current	$ 420,000

11. Related Party Transaction56

11. Related Party Transactions: Schedule of Related Party Transactions (Details) - USD ($)	Feb. 28, 2017	Feb. 29, 2016
Details
Due to Other Related Parties	$ 48,831	$ 334,869

12. Income Taxes_ Schedule of57

12. Income Taxes: Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($)	12 Months Ended
	Feb. 28, 2017	Feb. 29, 2016
Details
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent	$ (2,724,306)	$ (370,324)
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	35.00%	35.00%
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount	$ (954,000)	$ (130,000)
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Amount	680,000	(43,000)
Effective Income Tax Rate Reconciliation, Other Reconciling Items, Amount		(132,000)
Effect of Exchange Rate on Cash and Cash Equivalents	4,000
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount	$ 270,000	$ 305,000

12. Income Taxes_ Schedule of58

12. Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($)	Feb. 28, 2017	Feb. 29, 2016
Details
Deferred Tax Assets, Operating Loss Carryforwards	$ 1,483,000	$ 1,209,000
Deferred Tax Assets, Property, Plant and Equipment	342,000	346,000
Deferred Tax Assets, Valuation Allowance	$ (1,825,000)	$ (1,555,000)