UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 10-K
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURUTIES EXCHANGE ACT OF 1934

For the fiscal year ended June 30, 2008

Commission file number 333-136492

Treasure Explorations Inc.
(Exact Name of Registrant as Specified in Its Charter)

Nevada 20-5005810
(State or Other Jurisdiction of (I.R.S. Employer
Incorporation or Organization) Identification No.)

#109 - 114 West Magnolia Street, Suite 400
Bellingham, WA 98225
(Address of Principal Executive Offices & Zip Code)

(360)233-0740
(Telephone Number)

Securities registered pursuant to Section 12(b) of the Act:
None

Securities registered pursuant to section 12(g) of the Act:
Common Stock, $.001 par value

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

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

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. Yes [X] No [ ]

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405
of Regulation S-K 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. [ ]

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. (Check one):

Large accelerated filer [ ] Accelerated filer [ ]
Non-accelerated filer [ ] Smaller reporting company [X]
(do not check if a smaller reporting company)

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

As of June 30, 2008, the registrant had 4,000,000 shares of common stock issued
and outstanding. No market value has been computed based upon the fact that no
active trading market had been established as of June 30, 2008.

TREASURE EXPLORATIONS INC.
TABLE OF CONTENTS

Page No.
--------

Part I

Item 1. Business 3
Item 1A. Risk Factors 5
Item 2. Properties 7
Item 3. Legal Proceedings 8
Item 4. Submission of Matters to a Vote of Securities Holders 8

Part II

Item 5. Market for Registrant's Common Equity, Related Stockholder
Matters and Issuer Purchases of Equity Securities 8
Item 7. Management's Discussion and Analysis of Financial Condition
and Results of Operations 9
Item 8. Financial Statements 11
Item 9. Changes in and Disagreements with Accountants on Accounting
and Financial Disclosure 20
Item 9A. Controls and Procedures 20
Item 9B. Other Information 21

Part III

Item 10. Directors and Executive Officers 22
Item 11. Executive Compensation 24
Item 12. Security Ownership of Certain Beneficial Owners and Management
and Related Stockholder Matters 26
Item 13. Certain Relationships and Related Transactions 26
Item 14. Principal Accounting Fees and Services 26

Part IV

Item 15. Exhibits 27

Signatures 27

PART I

ITEM 1. BUSINESS

GENERAL INFORMATION

We are an exploration stage company with no revenues and a limited operating
history. Our independent auditor has issued an audit opinion which includes a
statement expressing substantial doubt as to our ability to continue as a going
concern.

The company completed Phase I of the exploration program on the one property in
the company's portfolio, the Tulameen Mountain Mineral Claim, located in the New
Westminster, Similkameen Mining Division of British Columbia, Canada, consisting
of 336 hectares (830 acres), included within 16 Mineral Title Cells. The
Tulameen Mountain Mineral Claim was staked on May 26, 2006 using the British
Columbia Mineral Titles Online computer Internet system and was assigned Tenure
No. 534417. The results of Phase I were not promising and management determined
it was in the best interests of the shareholders to allow the claim to lapse and
actively pursue another property on which exploration could be conducted, better
utilizing the remaining cash assets of the company.

We have a total of 75,000,000 authorized common shares with a par value of
$0.001 per share and 4,000,000 common shares issued and outstanding as of June
30, 2008.

We completed a form SB-2 Registration Statement under the Securities Act of 1933
with the U.S. Securities and Exchange Commission registering 2,000,000 shares at
a price of $0.02 per share. The offering was completed on October 13, 2006 for
total proceeds to the company of $40,000.

On March 5, 2007 our common stock shares were approved for trading on the
Over-the-Counter Bulletin Board under the symbol TEEX.

COMPETITION

We do not compete directly with anyone for the exploration or removal of
minerals from any property we may explore as we will hold all interest and
rights to the claim. Readily available commodities markets exist around the
world for the sale of minerals. Therefore, we will likely be able to sell any
minerals that we are able to recover on any future properties.

We will be subject to competition and unforeseen limited sources of supplies in
the industry in the event spot shortages arise for supplies such as dynamite,
and certain equipment such as bulldozers and excavators that we will need to
conduct exploration. If we are unsuccessful in securing the products, equipment
and services we need we may have to suspend our exploration plans until we are
able to do so.

BANKRUPTCY OR SIMILAR PROCEEDINGS

There has been no bankruptcy, receivership or similar proceeding.

REORGANIZATIONS, PURCHASE OR SALE OF ASSETS

There have been no material reclassifications, mergers, consolidations, or
purchase or sale of a significant amount of assets not in the ordinary course of
business.

COMPLIANCE WITH GOVERNMENT REGULATION

We will be required to comply with all regulations, rules and directives of
governmental authorities and agencies applicable to the exploration of minerals
in the jurisdiction where we may hold a mineral claim.

PATENTS, TRADEMARKS, FRANCHISES, CONCESSIONS, ROYALTY AGREEMENTS, OR LABOR
CONTRACTS

We have no current plans for any registrations such as patents, trademarks,
copyrights, franchises, concessions, royalty agreements or labor contracts. We
will assess the need for any copyright, trademark or patent applications on an
ongoing basis.

NEED FOR GOVERNMENT APPROVAL FOR ITS PRODUCTS OR SERVICES

We are not required to apply for or have any government approval for our
products or services.

RESEARCH AND DEVELOPMENT COSTS DURING THE LAST TWO YEARS

We have not expended funds for research and development costs since inception.
We paid $2,100 for the geology report and staking of the claim on the Tulameen
Mountain property.

EMPLOYEES AND EMPLOYMENT AGREEMENTS

Our only employee is our sole officer, Manly Shore. Mr. Shore currently devotes
5 hours per week to company matters and in the future will devote as much time
as the board of directors determines is necessary to manage the affairs of the
company. There are no formal employment agreements between the company and our
current employee.

REPORTS TO SECURITIES HOLDERS

We provide an annual report that includes audited financial information to our
shareholders. We will make our financial information equally available to any
interested parties or investors through compliance with the disclosure rules for
a small business issuer under the Securities Exchange Act of 1934. We are
subject to disclosure filing requirements, including filing Form 10K annually
and Form 10Q quarterly. In addition, we will file Form 8K and other proxy and
information statements from time to time as required. We do not intend to
voluntarily file the above reports in the event that our obligation to file such
reports is suspended under the Exchange Act. The public may read and copy any
materials that we file with the Securities and Exchange Commission, ("SEC"), at
the SEC's Public Reference Room at 100 F Street NE, Washington, DC 20549. The
public may obtain information on the operation of the Public Reference Room by
calling the SEC at 1-800-SEC-0330. The SEC maintains an Internet site
(http://www.sec.gov) that contains reports, proxy and information statements,
and other information regarding issuers that file electronically with the SEC.

ITEM 1A. RISK FACTORS

WE ARE AN EXPLORATION STAGE COMPANY AND EXPECT TO INCUR OPERATING LOSSES FOR THE
FORESEEABLE FUTURE.

We recently completed Phase I of the exploration program on the Tulameen
Mountain Mineral Claims. The results were not promising and we have allowed
the claim to lapse. We are currently seeking another property for
exploration We were incorporated on May 31, 2006 and to date have been
involved primarily in organizational activities and the acquisition of the
mineral claim. We have not earned any revenues. Potential investors should
be aware of the difficulties normally encountered by new mineral
exploration companies and the high rate of failure of such enterprises. The
likelihood of success must be considered in light of the problems,
expenses, difficulties, complications and delays encountered in connection
with the exploration of the mineral properties that we plan to undertake.
These potential problems include, but are not limited to, unanticipated
problems relating to exploration, and additional costs and expenses that
may exceed current estimates. Prior to completion of our exploration stage,
we anticipate that we will incur increased operating expenses without
realizing any revenues. We expect to incur significant losses into the
foreseeable future. We recognize that if we are unable to generate
significant revenues from development and production of minerals from a
claim, we will not be able to earn profits or continue operations. There is
no history upon which to base any assumption as to the likelihood that we
will prove successful, and it is doubtful that we will generate any
operating revenues or ever achieve profitable operations. If we are
unsuccessful in addressing these risks, our business will most likely fail.

OUR INDEPENDENT AUDITOR HAS ISSUED AN AUDIT OPINION FOR TREASURE EXPLORATIONS
INC. WHICH INCLUDES A STATEMENT DESCRIBING OUR GOING CONCERN STATUS. OUR
FINANCIAL STATUS CREATES A DOUBT WHETHER WE WILL CONTINUE AS A GOING CONCERN.

As described in Note 3 of our accompanying financial statements, our lack
of operations and any guaranteed sources of future capital create
substantial doubt as to our ability to continue as a going concern. If our
business plan does not work, we could remain as a start-up company with
limited operations and revenues.

BECAUSE MANAGEMENT HAS NO TECHNICAL EXPERIENCE IN MINERAL EXPLORATION, OUR
BUSINESS HAS A HIGHER RISK OF FAILURE.

Our director has no professional training or technical credentials in the
field of geology and specifically in the areas of exploring, developing and
operating a mine. As a result, he may not be able to recognize and take
advantage of potential acquisition and exploration opportunities in the
sector without the aid of qualified geological consultants. Management's
decisions and choices may not take into account standard engineering or
managerial approaches mineral exploration companies commonly use.
Consequently our operations, earnings and ultimate financial success may
suffer irreparable harm as a result.

THERE IS THE RISK OF ANY PROPERTY ON WHICH WE HAVE A CLAIM NOT CONTAINING ANY
KNOWN BODIES OF ORE RESULTING IN ANY FUNDS SPENT ON EXPLORATION BEING LOST.

There is the likelihood of any mineral claim we may have in the future
containing little or no economic mineralization or reserves of silver or
other minerals, as did the Tulameen Mountain Claim we have abandoned,
resulting in any funds spent on exploration being lost.

GOVERNMENT REGULATION OR OTHER LEGAL UNCERTAINTIES MAY INCREASE COSTS AND OUR
BUSINESS WILL BE NEGATIVELY AFFECTED.

There are several governmental regulations that materially restrict mineral
claim exploration and development. Under most federal mining laws, engaging
in certain types of exploration requires work permits, the posting of
bonds, and the performance of remediation work for any physical disturbance
to the land. While these current laws will not affect initial exploration
phases, if we identify exploitable minerals and proceed to phases which
includes excavation operations on the claim, we will incur regulatory
compliance costs based upon the size and scope of our operations. In
addition, new regulations could increase our costs of doing business and
prevent us from exploring for and the exploitation of ore deposits. In
addition to new laws and regulations being adopted, existing laws may be
applied to mining that have not as yet been applied. These new laws may
increase our cost of doing business with the result that our financial
condition and operating results may be harmed.

BECAUSE OUR CURRENT OFFICER AND DIRECTOR HAS OTHER BUSINESS INTERESTS, HE MAY
NOT BE ABLE OR WILLING TO DEVOTE A SUFFICIENT AMOUNT OF TIME TO OUR BUSINESS
OPERATIONS, CAUSING OUR BUSINESS TO FAIL.

Mr. Shore, our sole officer and director of the company, currently devotes
approximately 5 hours per week providing management services to us. While
he presently possesses adequate time to attend to our interests, it is
possible that the demands on him from other obligations could increase,
with the result that he would no longer be able to devote sufficient time
to the management of our business. This could negatively impact our
business development.

THE TRADING IN OUR SHARES IS REGULATED BY SECURITIES AND EXCHANGE COMMISSION
RULE 15G-9 WHICH ESTABLISHED THE DEFINITION OF A "PENNY STOCK."

Our shares are defined as a penny stock under the Securities and Exchange
Act of 1934, and rules of the Commission. The Exchange Act and such penny
stock rules generally impose additional sales practice and disclosure
requirements on broker-dealers who sell our securities to persons other
than certain accredited investors who are, generally, institutions with
assets in excess of $5,000,000 or individuals with net worth in excess of
$1,000,000 or annual income exceeding $200,000 ($300,000 jointly with
spouse), or in transactions not recommended by the broker-dealer. For
transactions covered by the penny stock rules, a broker-dealer must make a
suitability determination for each purchaser and receive the purchaser's
written agreement prior to the sale. In addition, the broker-dealer must
make certain mandated disclosures in penny stock transactions, including
the actual sale or purchase price and actual bid and offer quotations, the

compensation to be received by the broker-dealer and certain associated
persons, and deliver certain disclosures required by the Commission.
Consequently, the penny stock rules may make it difficult shareholders to
resell their shares.

DUE TO THE LACK OF A TRADING MARKET FOR OUR SECURITIES, YOU MAY HAVE DIFFICULTY
SELLING ANY SHARES YOU PURCHASE IN THIS OFFERING.

While our stock has been quoted on the OTC Bulletin Board under the symbol
"TEEX" there has been no active trading market established. If no active
market is ever developed for our common stock, it will be difficult for
investors to sell any shares they purchased.

WE WILL INCUR ONGOING COSTS AND EXPENSES FOR SEC REPORTING AND COMPLIANCE.
WITHOUT REVENUE WE MAY NOT BE ABLE TO REMAIN IN COMPLIANCE, MAKING IT DIFFICULT
FOR INVESTORS TO SELL THEIR SHARES, IF AT ALL.

To be eligible for quotation on the OTC Bulletin Board, issuers must remain
current in their filings with the SEC. In order for us to remain in
compliance we will require future revenues to cover the cost of these
filings, which could comprise a substantial portion of our available cash
resources. If we are unable to generate sufficient revenues to remain in
compliance it may be difficult for investors to resell any shares.

A FORMER OFFICER AND A DIRECTOR OF THE COMPANY OWNS 50% OF THE OUTSTANDING
SHARES IN THE COMPANY. IF HE CHOOSES TO SELL HIS SHARES IN THE FUTURE, IT MIGHT
HAVE AN ADVERSE EFFECT ON THE PRICE OF OUR STOCK.

Due to the amount of share ownership in our company by the former officer
and director, if he chooses to sell his shares in the public market, the
market price of our stock could decrease and all shareholders suffer a
dilution of the value of their stock. If he does sell any of his common
stock, he will be subject to Rule 144 under the 1933 Securities Act. Rule
144 restricts the ability of a director or officer to sell his shares by
limiting the sales of securities during any three-month period to the
greater of: (1) 1% of the outstanding common stock of the issuer; or (2)
the average weekly reported trading volume in the outstanding common stock
reported on all securities exchanges during the four calendar weeks
preceding the filing of the required notice of the sale under Rule 144 with
the SEC.

ITEM 2. PROPERTIES

We do not currently own any property. We lease shared office facilities at #109,
114 West Magnolia Street, Suite 400, Bellingham, Washington, 98225 and currently
pay approximately $60 per month. The facilities include answering services, fax
services, secretarial services, reception area and shared office and boardroom
meeting facilities which are all available on a pay per use basis. Management
believes the current premises are sufficient for its needs at this time.

We currently have no investment policies as they pertain to real estate, real
estate interests or real estate mortgages.

ITEM 3. LEGAL PROCEEDINGS

We are not currently involved in any legal proceedings and we are not aware of
any pending or potential legal actions.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

There were no matters submitted to a vote of the security holders during the
year ended June 30, 2008.

PART II

ITEM 5. MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

Our common stock is currently listed for traded on the OTC Bulletin Board under
the symbol "TEEX". There has been no active trading market.

Of the 4,000,000 shares of common stock outstanding as of June 30, 2008,
2,000,000 shares are owned by Howard Gelfand, a former officer and director, and
may only be resold in compliance with Rule 144 of the Securities Act of 1933.

As of June 30, 2008, we have 4,000,000 Shares of $0.001 par value common stock
issued and outstanding held by 28 shareholders of record.

The stock transfer agent for our securities is Holladay Stock Transfer.

DIVIDENDS

We have never declared or paid any cash dividends on our common stock. For the
foreseeable future, we intend to retain any earnings to finance the development
and expansion of our business, and we do not anticipate paying any cash
dividends on its common stock. Any future determination to pay dividends will be
at the discretion of the Board of Directors and will be dependent upon then
existing conditions, including our financial condition and results of
operations, capital requirements, contractual restrictions, business prospects,
and other factors that the board of directors considers relevant.

SECTION RULE 15(g) OF THE SECURITIES EXCHANGE ACT OF 1934

The Company's shares are covered by Section 15(g) of the Securities Exchange Act
of 1934, as amended that imposes additional sales practice requirements on
broker/dealers who sell such securities to persons other than established
customers and accredited investors (generally institutions with assets in excess
of $5,000,000 or individuals with net worth in excess of $1,000,000 or annual
income exceeding $200,000 or $300,000 jointly with their spouses). For
transactions covered by the Rule, the broker/dealer must make a special
suitability determination for the purchase and have received the purchaser's

written agreement to the transaction prior to the sale. Consequently, the Rule
may affect the ability of broker/dealers to sell our securities and also may
affect your ability to sell your shares in the secondary market.

Section 15(g) also imposes additional sales practice requirements on
broker/dealers who sell penny securities. These rules require a one page summary
of certain essential items. The items include the risk of investing in penny
stocks in both public offerings and secondary marketing; terms important to in
understanding of the function of the penny stock market, such as "bid" and
"offer" quotes, a dealers "spread" and broker/dealer compensation; the
broker/dealer compensation, the broker/dealers duties to its customers,
including the disclosures required by any other penny stock disclosure rules;
and the customers rights and remedies in causes of fraud in penny stock
transactions.

SECURITIES AUTHORIZED FOR ISSUANCE UNDER EQUITY COMPENSATION PLANS

We do not have any equity compensation plans and accordingly we have no
securities authorized for issuance thereunder.

SECTION 16(A)

Based solely upon a review of Form 3 and 4 furnished by us under Rule 16a-3(d)
of the Securities Exchange Act of 1934, we are not aware of any individual who
failed to file a required report on a timely basis required by Section 16(a) of
the Securities Exchange Act of 1934.

PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS

There were no shares of common stock or other securities issued to the issuer or
affiliated purchasers during the year ended June 30, 2008.

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

RESULTS OF OPERATIONS

We are an exploration stage company and have generated no revenues to date.

We incurred operating expenses of $14,502 and $14,000 for the years ended June
30, 2008 and 2007. These expenses consisted of general operating expenses and
professional fees incurred in connection with the day to day operation of our
business and the preparation and filing of our periodic reports. Our net loss
from inception through June 30, 2008 was $28,932.

Cash provided by financing activities for the period from inception (May 31,
2006) through June 30, 2008 was $50,000, consisting of $10,000 from the sale of
2,000,000 shares of common stock to a director for the company for $0.005 per
share and $40,000 from the sale of 2,000,000 shares of common stock pursuant to
our SB-2 offering.

LIQUIDITY AND CAPITAL RESOURCES

Our cash balance at June 30, 2008 was $19,231, with accounts payable of $163. In
order to achieve our exploration program goals, we were required to complete our
offering of registered shares pursuant to our SB-2 Registration Statement filed
with the SEC under file number 333-136492 which became effective on August 25,
2006. We completed the offering on October 13, 2006 for proceeds of $40,000. We
are an exploration stage company and have generated no revenue to date.

GOING CONCERN

The accompanying financial statements are presented on a going concern basis.
The Company had limited operations during the period from May 31, 2006 (date of
inception) to June 30, 2008 and generated a net loss of $28,932. This condition
raises substantial doubt about the Company's ability to continue as a going
concern. Because the Company is currently in the exploration stage and has
minimal expenses, management believes that the company's current cash and cash
equivalents of $19,231 is sufficient to cover the expenses they will incur
during the next twelve months in a limited operations scenario or until they
raise additional funding.

PLAN OF OPERATION

Our cash in the bank at July 31, 2008 was $19,231. We do not intend to purchase
any significant property or equipment, nor incur any significant changes in
employees during the next 12 months.

Our management has been analyzing the various alternatives available to our
company to ensure our survival and to preserve our shareholder's investment in
our common shares. This analysis has included securing another property for
exploration, sourcing additional forms of financing to continue our business as
is, or mergers and/or acquisitions. At this stage in our operations, we believe
either course is acceptable, as our operations have not been profitable and our
future prospects for our business are not good without further financing.

As of the date hereof, we have not been successful in our exploration efforts.
Historically, we have been able to raise a limited amount of capital through
private placements of our equity stock, but we are uncertain about our continued
ability to raise funds privately. Further, we believe that our company may have
more difficulties raising capital for our existing operations than for a new
business opportunity. We have not entered into any formal written agreements for
a business combination or opportunity. If any such agreement is reached, we
intend to disclose such an agreement by filing a current report on Form 8-K with
the Securities and Exchange Commission.

If we are unable to find another property for exploration with our current funds
or secure adequate capital to continue our business or alternatively, complete a
merger or acquisition, our shareholders will lose some or all of their
investment and our business will likely fail.

OFF-BALANCE SHEET ARRANGEMENTS

We have no off-balance sheet arrangements.

ITEM 8. FINANCIAL STATEMENTS

Chang G. Park, CPA, Ph. D.
* 2667 CAMINO DEL RIO S. PLAZA B * SAN DIEGO * CALIFORNIA 92108-3707 *
*TELEPHONE (858)722-5953 * FAX (858) 761-0341 * FAX (858) 764-5480 *
* E-MAIL changgpark@gmail.com *
- --------------------------------------------------------------------------------

Report of Independent Registered Public Accounting Firm

To the Board of Directors and Stockholders
Treasure Explorations, Inc.
(An Exploration Stage Company)

We have audited the accompanying balance sheets of Treasure Explorations, Inc.
(An Exploration Stage "Company") as of June 30, 2008 and 2007 and the related
statements of operations, changes in shareholders' equity and cash flows for the
years then ended and for the period from May 31, 2006 (inception) through June
30, 2008. These financial statements are the responsibility of the Company's
management. Our responsibility is to express an opinion on these financial
statements based on our audits.

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 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
financial statement presentation. We believe that our audit provides a
reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in
all material respects, the financial position of Treasure Explorations, Inc. as
of June 30, 2008 and 2007, and the result of its operations and its cash flows
for the years then ended 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 3 to the financial statements,
the Company's losses from operations raise substantial doubt about its ability
to continue as a going concern. The financial statements do not include any
adjustments that might result from the outcome of this uncertainty.

/s/ Chang Park
- --------------------------------
CHANG G. PARK, CPA

July 17, 2008
San Diego, CA. 92108

Member of the California Society of Certified Public Accountants
Registered with the Public Company Accounting Oversight Board

TREASURE EXPLORATIONS INC.
(An Exploration Stage Company)
Balance Sheets
- --------------------------------------------------------------------------------

As of As of
June 30, June 30,
2008 2007
-------- --------

ASSETS

CURRENT ASSETS
Cash $ 19,231 $ 32,570
Prepaid expense 2,000 --
Deposit -- 3,000
-------- --------
TOTAL CURRENT ASSETS 21,231 35,570
-------- --------

TOTAL ASSETS $ 21,231 $ 35,570
======== ========

LIABILITIES & STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
Accounts Payable $ 163 $ --
-------- --------
TOTAL CURRENT LIABILITIES 163 --
-------- --------

TOTAL LIABILITIES 163 --
-------- --------
STOCKHOLDERS' EQUITY
Common stock, ($0.001 par value, 75,000,000 shares
authorized; 4,000,000 shares issued and
outstanding as of June 30, 2008 and 2007 4,000 4,000
Additional paid-in capital 46,000 46,000
Deficit accumulated during exploration stage (28,932) (14,430)
-------- --------
TOTAL STOCKHOLDERS' EQUITY 21,068 35,570
-------- --------

TOTAL LIABILITIES & STOCKHOLDERS' EQUITY $ 21,231 $ 35,570
======== ========

See Notes to Financial Statements

TREASURE EXPLORATIONS INC.
(An Exploration Stage Company)
Statements of Operations
- --------------------------------------------------------------------------------

May 31, 2006
(inception)
Year Ended Year Ended through
June 30, June 30, June 30,
2008 2007 2008
---------- ---------- ----------

REVENUES
Revenues $ -- $ -- $ --
---------- ---------- ----------
TOTAL REVENUES -- -- --

PROFESSIONAL FEES 8,500 8,200 16,700
GENERAL & ADMINISTRATIVE EXPENSES 6,002 5,800 12,232
---------- ---------- ----------
TOTAL GENERAL & ADMINISTRATIVE EXPENSES 14,502 14,000 28,932
---------- ---------- ----------

NET INCOME (LOSS) $ (14,502) $ (14,000) $ (28,932)
========== ========== ==========

BASIC AND DILUTED EARNING (LOSS) PER SHARE $ (0.00) $ (0.00)
========== ==========
WEIGHTED AVERAGE NUMBER OF
COMMON SHARES OUTSTANDING 4,000,000 3,424,658
========== ==========

See Notes to Financial Statements

TREASURE EXPLORATIONS INC.
(An Exploration Stage Company)
Statement of Changes in Stockholders' Equity
From May 31, 2006 (Inception) through June 30, 2008
- --------------------------------------------------------------------------------

Deficit
Accumulated
Common Additional During
Common Stock Paid-in Exploration
Stock Amount Capital Stage Total
----- ------ ------- ----- -----

BALANCE, MAY 31, 2006 -- $ -- $ -- $ -- $ --

Stock issued for cash on May 31, 2006
@ $0.005 per share 2,000,000 2,000 8,000 10,000

Net loss, June 30, 2006 (430) (430)
---------- ------- ------- -------- --------

BALANCE, JUNE 30, 2006 2,000,000 $ 2,000 $ 8,000 $ (430) $ 9,570
========== ======= ======= ======== ========
Stock issued for cash on October 13, 2006
@ $0.02 per share 2,000,000 2,000 38,000 40,000

Net loss, June 30, 2007 (14,000) (14,000)
---------- ------- ------- -------- --------

BALANCE, JUNE 30, 2007 4,000,000 $ 4,000 $46,000 $(14,430) $ 35,570
========== ======= ======= ======== ========

Net loss, June 30, 2008 (14,502) (14,502)
---------- ------- ------- -------- --------

BALANCE, JUNE 30, 2008 4,000,000 $ 4,000 $46,000 $(28,932) $ 21,068
========== ======= ======= ======== ========

See Notes to Financial Statements

TREASURE EXPLORATIONS INC.
(An Exploration Stage Company)
Statements of Cash Flows
- --------------------------------------------------------------------------------

May 31, 2006
(inception)
Year Ended Year Ended through
June 30, June 30, June 30,
2008 2007 2008
-------- -------- --------

CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss) $(14,502) $(14,000) $(28,932)
Adjustments to reconcile net loss to net cash
provided by (used in) operating activities: -- -- --

Changes in operating assets and liabilities:
Prepaid expense (2,000) -- --
Deposits 3,000 (3,000) (2,000)
Accounts Payable 163 (415) 163
-------- -------- --------
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES (13,339) (17,415) (30,769)

CASH FLOWS FROM INVESTING ACTIVITIES

NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES -- -- --

CASH FLOWS FROM FINANCING ACTIVITIES
Issuance of common stock -- 2,000 4,000
Additional paid-in capital -- 38,000 46,000
-------- -------- --------
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES -- 40,000 50,000
-------- -------- --------
NET INCREASE (DECREASE) IN CASH (13,339) 22,585 19,231

CASH AT BEGINNING OF YEAR 32,570 9,985 --
-------- -------- --------

CASH AT END OF YEAR $ 19,231 $ 32,570 $ 19,231
======== ======== ========
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION

Cash paid during year for:
Interest $ -- $ -- $ --
======== ======== ========
Income Taxes $ -- $ -- $ --
======== ======== ========

See Notes to Financial Statements

TREASURE EXPLORATIONS INC.
(An Exploration Stage Company)
Notes to Financial Statements
June 30, 2008
- --------------------------------------------------------------------------------

NOTE 1. ORGANIZATION AND DESCRIPTION OF BUSINESS

Treasure Explorations Inc. (the Company) was incorporated under the laws of the
State of Nevada on May 31, 2006. The Company was formed to engage in the
acquisition, exploration and development of natural resource properties.

The Company is in the exploration stage. Its activities to date have been
limited to capital formation, organization and development of its business plan.
The Company has commenced limited exploration activities.

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

BASIS OF ACCOUNTING

The Company's financial statements are prepared using the accrual method of
accounting. The Company has elected a June 30, year-end.

BASIC EARNINGS (LOSS) PER SHARE

In February 1997, the FASB issued SFAS No. 128, "Earnings Per Share", which
specifies the computation, presentation and disclosure requirements for earnings
(loss) per share for entities with publicly held common stock. SFAS No. 128
supersedes the provisions of APB No. 15, and requires the presentation of basic
earnings (loss) per share and diluted earnings (loss) per share. The Company has
adopted the provisions of SFAS No. 128 effective May 31, 2006 (date of
inception).

Basic net earnings (loss) per share amounts is computed by dividing the net
earnings (loss) by the weighted average number of common shares outstanding.
Diluted earnings (loss) per share are the same as basic earnings (loss) per
share due to the lack of dilutive items in the Company.

CASH EQUIVALENTS

The Company considers all highly liquid investments purchased with an original
maturity of three months or less to be cash equivalents.

USE OF ESTIMATES AND ASSUMPTIONS

The preparation of financial statements in conformity with generally accepted
accounting principles 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.
Actual results could differ from those estimates. In accordance with FASB 16 all
adjustments are normal and recurring.

TREASURE EXPLORATIONS INC.
(An Exploration Stage Company)
Notes to Financial Statements
June 30, 2008
- --------------------------------------------------------------------------------

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

INCOME TAXES

Income taxes are provided in accordance with Statement of Financial Accounting
Standards No. 109 (SFAS 109), "Accounting for Income Taxes". A deferred tax
asset or liability is recorded for all temporary differences between financial
and tax reporting and net operating loss carryforwards. Deferred tax expense
(benefit) results from the net change during the year of deferred tax assets and
liabilities.

Deferred tax assets are reduced by a valuation allowance when, in the opinion of
management, it is more likely than not that some portion or all of the deferred
tax assets will not be realized. Deferred tax assets and liabilities are
adjusted for the effects of changes in tax laws and rates on the date of
enactment.

RECENT ACCOUNTING PRONOUNCEMENTS

In December 2007, the Financial FASB issued SFAS No. 141 (revised 2007),
"Business Combinations" ("SFAS 141R"). SFAS 141R establishes principles and
requirements for how an acquirer recognizes and measures in its financial
statements the identifiable assets acquired, the liabilities assumed, any
noncontrolling interest in the acquiree and the goodwill acquired. SFAS 141R
also establishes disclosure requirements to enable the evaluation of the nature
and financial effects of the business combination. SFAS 141R is effective for
fiscal years beginning after December 15, 2008. The adoption of this statement
is not expected to have a material effect on the Company's financial statements.

In December 2007, the FASB issued SFAS No. 160, "Noncontrolling Interests in
Consolidated Financial Statements--an amendment of Accounting Research Bulletin
No. 51" ("SFAS 160"). SFAS 160 establishes accounting and reporting standards
for ownership interests in subsidiaries held by parties other than the parent,
the amount of consolidated net income attributable to the parent and to the
noncontrolling interest, changes in a parent's ownership interest, and the
valuation of retained noncontrolling equity investments when a subsidiary is
deconsolidated. SFAS 160 also establishes disclosure requirements that clearly
identify and distinguish between the interests of the parent and the interests
of the noncontrolling owners. SFAS 160 is effective for fiscal years beginning
after December 15, 2008. The adoption of this statement is not expected to have
a material effect on the Company's financial statements.

In February 2007, the Financial Accounting Standards Board (FASB) issued SFAS
No. 159, "The Fair Value Option for Financial Assets and Financial Liabilities -
Including an Amendment of FASB Statement No. 115". This statement permits
entities to choose to measure many financial instruments and certain other items
at fair value. Most of the provisions of SFAS No. 159 apply only to entities
that elect the fair value option. However, the amendment to SFAS No. 115
"Accounting for Certain Investments in Debt and Equity Securities" applies to
all entities with available-for-sale and trading securities. SFAS No. 159 is
effective as of the beginning of an entity's first fiscal year that begins after
November 15, 2007. Early adoption is permitted as of the beginning of a fiscal
year that begins on or before November 15, 2007, provided the entity also elects

TREASURE EXPLORATIONS INC.
(An Exploration Stage Company)
Notes to Financial Statements
June 30, 2008
- --------------------------------------------------------------------------------

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

to apply the provision of SFAS No. 157, "Fair Value Measurements". The adoption
of this statement is not expected to have a material effect on the Company's
financial statements.

In September 2006, the FASB issued SFAS No. 157, "Fair Value Measurements". The
objective of SFAS 157 is to increase consistency and comparability in fair value
measurements and to expand disclosures about fair value measurements. SFAS 157
defines fair value, establishes a framework for measuring fair value in
generally accepted accounting principles, and expands disclosures about fair
value measurements. SFAS 157 applies under other accounting pronouncements that
require or permit fair value measurements and does not require any new fair
value measurements. The provisions of SFAS No. 157 are effective for fair value
measurements made in fiscal years beginning after November 15, 2007. The
adoption of this statement is not expected to have a material effect on the
Company's future reported financial position or results of operations.

NOTE 3. GOING CONCERN

NOTE 4. WARRANTS AND OPTIONS

There are no warrants or options outstanding to acquire any additional shares of
common.

NOTE 5. RELATED PARTY TRANSACTIONS

The officers and directors of the Company may, in the future, become involved in
other business opportunities as they become available, they may face a conflict
in selecting between the Company and their other business opportunities. The
Company has not formulated a policy for the resolution of such conflicts.

NOTE 6. INCOME TAXES

As of June 30, 2008
-------------------
Deferred tax assets:
Net operating tax carryforwards $ 28,932
Tax rate 34%
--------
Gross deferred tax assets 9,837
Valuation allowance (9,837)
--------

Net deferred tax assets $ 0
========

TREASURE EXPLORATIONS INC.
(An Exploration Stage Company)
Notes to Financial Statements
June 30, 2008
- --------------------------------------------------------------------------------

NOTE 6. INCOME TAXES (Continued)

Realization of deferred tax assets is dependent upon sufficient future taxable
income during the period that deductible temporary differences and carryforwards
are expected to be available to reduce taxable income. As the achievement of
required future taxable income is uncertain, the Company recorded a valuation
allowance.

NOTE 7. NET OPERATING LOSSES

As of June 30, 2008, the Company has a net operating loss carryforwards of
approximately $28,932. Net operating loss carryforwards expires twenty years
from the date the loss was incurred.

NOTE 8. STOCK TRANSACTIONS

Transactions, other than employees' stock issuance, are in accordance with
paragraph 8 of SFAS 123. Thus issuances shall be accounted for based on the fair
value of the consideration received. Transactions with employees' stock issuance
are in accordance with paragraphs (16-44) of SFAS 123. These issuances shall be
accounted for based on the fair value of the consideration received or the fair
value of the equity instruments issued, or whichever is more readily
determinable.

On May 31, 2006, the Company issued a total of 2,000,000 shares of common stock
to one director for cash in the amount of $0.005 per share for a total of
$10,000.

On October 13, 2006, the Company issued a total of 2,000,000 shares of common
stock to twenty seven unrelated investors for cash in the amount of $0.02 per
share for a total of $40,000.

As of June 30, 2008 and June 30, 2007, the Company had 4,000,000 shares of
common stock issued and outstanding, respectively.

NOTE 9. STOCKHOLDERS' EQUITY

The stockholders' equity section of the Company contains the following classes
of capital stock as of June 30, 2008:

Common stock, $ 0.001 par value: 75,000,000 shares authorized; 4,000,000 shares
issued and outstanding.

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

None.

ITEM 9A. CONTROLS AND PROCEDURES

MANAGEMENT'S ANNUAL REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING

Our management is responsible for establishing and maintaining adequate internal
control over financial reporting, as such term is defined in Rules 13a-15(f) and
15d-15(f) under the Exchange Act, for the Company.

Internal control over financial reporting includes those policies and procedures
that: (1) pertain to the maintenance of records that, in reasonable detail,
accurately and fairly reflect the transactions and dispositions of our assets;
(2) provide reasonable assurance that transactions are recorded as necessary to
permit preparation of financial statements in accordance with generally accepted
accounting principles, and that our receipts and expenditures are being made
only in accordance with authorizations of its management and directors; and (3)
provide reasonable assurance regarding prevention or timely detection of
unauthorized acquisition, use or disposition of our assets that could have a
material effect on the financial statements.

Management recognizes that there are inherent limitations in the effectiveness
of any system of internal control, and accordingly, even effective internal
control can provide only reasonable assurance with respect to financial
statement preparation and may not prevent or detect material misstatements. In
addition, effective internal control at a point in time may become ineffective
in future periods because of changes in conditions or due to deterioration in
the degree of compliance with our established policies and procedures.

A material weakness is a significant deficiency, or combination of significant
deficiencies, that results in there being a more than remote likelihood that a
material misstatement of the annual or interim financial statements will not be
prevented or detected.

Under the supervision and with the participation of our Chief Executive Officer
and Chief Financial Officer, management conducted an evaluation of the
effectiveness of our internal control over financial reporting, as of the
Evaluation Date, based on the framework set forth in Internal Control-Integrated
Framework issued by the Committee of Sponsoring Organizations of the Treadway
Commission (COSO). Based on its evaluation under this framework, management
concluded that our internal control over financial reporting was not effective
as of the Evaluation Date.

Management assessed the effectiveness of the Company's internal control over
financial reporting as of Evaluation Date and identified the following material
weaknesses:

INSUFFICIENT RESOURCES: We have an inadequate number of personnel with requisite
expertise in the key functional areas of finance and accounting.

INADEQUATE SEGREGATION OF DUTIES: We have an inadequate number of personnel to
properly implement control procedures.

LACK OF AUDIT COMMITTEE & OUTSIDE DIRECTORS ON THE COMPANY'S BOARD OF DIRECTORS:
We do not have a functioning audit committee or outside directors on the
Company's Board of Directors, resulting in ineffective oversight in the
establishment and monitoring of required internal controls and procedures.

Management is committed to improving its internal controls and will (1) continue
to use third party specialists to address shortfalls in staffing and to assist
the Company with accounting and finance responsibilities, (2) increase the
frequency of independent reconciliations of significant accounts which will
mitigate the lack of segregation of duties until there are sufficient personnel
and (3) may consider appointing outside directors and audit committee members in
the future.

Management, including our Chief Executive Officer and Chief Financial Officer,
has discussed the material weakness noted above with our independent registered
public accounting firm. Due to the nature of this material weakness, there is a
more than remote likelihood that misstatements which could be material to the
annual or interim financial statements could occur that would not be prevented
or detected.

This Annual Report does not include an attestation report of our registered
public accounting firm regarding internal control over financial reporting.
Management's report was not subject to attestation by the our registered public
accounting firm pursuant to temporary rules of the SEC that permit us to provide
only management's report in this annual report.

CHANGES IN INTERNAL CONTROLS OVER FINANCIAL REPORTING

There were no significant changes in our internal controls or in other factors
that could significantly affect these controls subsequent to the evaluation
date.

ITEM 9B. OTHER INFORMATION

DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT
OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.

On September 11, 2008 Howard Gelfand resigned as our President, Chief Executive
Officer, Treasurer, Chief Financial Officer, Secretary and as a Director and
Gordon Koshowski resigned as a Director. As a result, prior to such
resignations, on September 11, 2008 we appointed Manly Shore as President, Chief
Executive Officer, Treasurer, Chief Financial Officer, Secretary and a director
of our company.

Our board of directors and officers is now Manly Shore.

Mr. Shore has over 50 years of management experience. In 1997 he formed Nu-Trend
Marketing Co., operating in California, which represents manufacturing companies
displaying their products in shopping malls.

In 1971, Mr. Shore started H & M Publications and continued with the Company
until 1997.

Mr. Shore attended Manitoba Business College in Winnipeg, Manitoba, Canada for
two years.

PART III

ITEM 10. DIRECTORS AND EXECUTIVE OFFICERS

The officer and directors of Treasure Explorations Inc. at the year ended June
30, 2008 were:

Name & Address Age Position Date First Elected Resigned
- -------------- --- -------- ------------------ --------

Howard Gelfand 45 President, 5/31/06 09/11/08
#109 - 114 W Magnolia Secretary,
Suite 400 Treasurer,
Bellingham, WA 98225 CFO, CEO &
Director

Gordon Koshowski 48 Director 5/31/06 09/11/08
#109 - 114 W Magnolia
Suite 400
Bellingham, WA 98225

The new officer and director of Treasure Explorations Inc. as of September 11,
2008 whose one year term will expire on 07/01/09 or at such a time as his
successor(s) shall be elected and qualified is:

Name & Address Age Position Date First Elected Term Expires
- -------------- --- -------- ------------------ ------------

Manly Shore 75 President, 9/11/08 07/01/09
#109 - 114 W Magnolia Secretary,
Suite 400 Treasurer,
Bellingham, WA 98225 CFO, CEO &
Director

The foregoing person(s) are promoter(s) of Treasure Explorations Inc., as that
term is defined in the rules and regulations promulgated under the Securities
and Exchange Act of 1933.

Directors are elected to serve until the next annual meeting of stockholders and
until their successors have been elected and qualified. Officers are appointed
to serve until the meeting of the board of directors following the next annual
meeting of stockholders and until their successors have been elected and
qualified.

Mr. Shore currently devotes 5 hours per week to company matters.

No executive officer or director of the corporation has been the subject of any
order, judgment, or decree of any court of competent jurisdiction, or any
regulatory agency permanently or temporarily enjoining, barring, suspending or

otherwise limiting him or her from acting as an investment advisor, underwriter,
broker or dealer in the securities industry, or as an affiliated person,
director or employee of an investment company, bank, savings and loan
association, or insurance company or from engaging in or continuing any conduct
or practice in connection with any such activity or in connection with the
purchase or sale of any securities.

No executive officer or director of the corporation has been convicted in any
criminal proceeding (excluding traffic violations) or is the subject of a
criminal proceeding which is currently pending.

RESUMES

MANLY SHORE has been President, CEO, Treasurer, CFO, Secretary and Director of
the Company since September 11, 2008. He has over 50 years of management
experience. In 1997 he formed Nu-Trend Marketing Co., operating in California,
which represents manufacturing companies displaying their products in shopping
malls.

In 1971, Mr. Shore started H & M Publications and continued with the Company
until 1997.

Mr. Shore attended Manitoba Business College in Winnipeg, Manitoba, Canada for
two years.

HOWARD GELFAND was the President, CEO, Treasurer, CFO, Secretary and a Director
of the Company since inception until September 11, 2008. From 1978 to the
present, he has been employed by the Pacific Racing Association as a pari-mutuel
teller in Vancouver, BC, Canada. From March 2003 to March 2005 he was the
Treasurer, CFO, Secretary and a Director of Bliss Essentials Corp., a
publicly-traded Nevada corporation, engaged in the production of a line of all
natural handmade soaps as well as the retail/wholesale sales of those products
based out of Burnaby, BC, Canada. He has also worked in various capacities in
the hospitality industry over a period of approximately eight years.

He has taken various courses in Business Administration from Langara Community
College in Vancouver, BC, Canada. He holds several certificates in the
hospitality industry issued by the government of British Columbia and has also
taken the Advanced Guest Services Program sponsored by the BC and Yukon Hotels
Association and the Government of Canada.

GORDON KOSHOWSKI was a Director of the Company since inception until September
11, 2008. From December 2005 to the present he has been employed by City Fire
Prevention Services as a fire and safety sales consultant in Surrey, BC, Canada.
From August 2004 to December 2005 he was employed by Imperial Fire & Safety Ltd.
as a fire and safety sales consultant in Richmond, BC, Canada. From June 2000 to
June 2003 he was self employed and worked on a contract basis in construction
and landscaping. He has also worked in various other management positions in the
transportation industry since 1977. From 2002 to present he has volunteered his
time at the Pacifica Treatment Center in Vancouver, BC, Canada assisting people
with alcohol dependencies.

Mr. Koshowski completed his ASTTBC Certification as a Fire & Safety Technician
from BCIT in Burnaby, BC, Canada in 2005. He has completed the Life Skills
Instructor Diploma program from Rhodes Career College in Vancouver, BC, Canada
in 2004. He also became a Certified Life Skills Coach from Rhodes Career College

in Vancouver, BC, Canada in 2003. He has also completed a number of courses and
seminars in accident and claims prevention for the transportation industry.

CODE OF ETHICS

Our board of directors adopted our code of ethical conduct that applies to all
of our employees and directors, including our principal executive officer,
principal financial officer, principal accounting officer or controller, and
persons performing similar functions.

We believe the adoption of our Code of Ethical Conduct is consistent with the
requirements of the Sarbanes-Oxley Act of 2002.

Our Code of Ethical Conduct is designed to deter wrongdoing and to promote:

* Honest and ethical conduct, including the ethical handling of actual
or apparent conflicts of interest between personal and professional
relationships;
* Full, fair, accurate, timely and understandable disclosure in reports
and documents that we file or submit to the Securities & Exchange
Commission and in other public communications made by us;
* Compliance with applicable governmental laws, rules and regulations;
* The prompt internal reporting to an appropriate person or persons
identified in the code of violations of our Code of Ethical Conduct;
and
* Accountability for adherence to the Code.

ITEM 11. EXECUTIVE COMPENSATION

Change in
Pension
Value and
Non-Equity Nonqualified
Incentive Deferred All
Name and Plan Compen- Other
Principal Stock Option Compen- sation Compen-
Position Year Salary Bonus Awards Awards sation Earnings sation Totals
- ------------ ---- ------ ----- ------ ------ ------ -------- ------ ------

M. Shore CEO, 2008 0 0 0 0 0 0 0 0
President &
Director

H Gelfand Former 2008 0 0 0 0 0 0 0 0
CEO, President & 2007 0 0 0 0 0 0 0 0
Director 2006 0 0 0 0 0 0 0 0

G Koshowski, 2008 0 0 0 0 0 0 0 0
Former Director 2007 0 0 0 0 0 0 0 0
2006 0 0 0 0 0 0 0 0

OUTSTANDING EQUITY AWARDS AT FISCAL YEAR END

Option Awards Stock Awards
----------------------------------------------------------------- ----------------------------------------------
Equity
Incentive
Equity Plan
Incentive Awards:
Plan Market or
Awards: Payout
Equity Number of Value of
Incentive Number Unearned Unearned
Plan Awards; of Market Shares, Shares,
Number of Number of Number of Shares Value of Units or Units or
Securities Securities Securities or Units Shares or Other Other
Underlying Underlying Underlying of Stock Units of Rights Rights
Unexercised Unexercised Unexercised Option Option That Stock That That That
Options (#) Options (#) Unearned Exercise Expiration Have Not Have Not Have Not Have Not
Name Exercisable Unexercisable Options (#) Price Date Vested(#) Vested Vested Vested
- ---- ----------- ------------- ----------- ----- ---- --------- ------ ------ ------

M Shore 0 0 0 0 0 0 0 0 0

H Gelfand 0 0 0 0 0 0 0 0 0

G Koshowski 0 0 0 0 0 0 0 0 0

DIRECTOR COMPENSATION

Change in
Pension
Value and
Fees Non-Equity Nonqualified
Earned Incentive Deferred
Paid in Stock Option Plan Compensation All Other
Name Cash Awards Awards Compensation Earnings Compensation Total
---- ---- ------ ------ ------------ -------- ------------ -----

M Shore 0 0 0 0 0 0 0

H Gelfand 0 0 0 0 0 0 0

G Koshowski 0 0 0 0 0 0 0

There are no current employment agreements between the company and its executive
officer.

On May 31, 2006, a total of 2,000,000 shares of common stock were issued to Mr.
Gelfand, a former officer and director, in exchange for cash in the amount of
$10,000 U.S., or $.005 per share.

The terms of these stock issuances were as fair to the company, in the opinion
of the board of directors, as could have been made with an unaffiliated third
party.

Mr. Shore currently devotes approximately 5 hours per week to manage the affairs
of the company. Mr. Shore has agreed to work with no remuneration until such
time as the company receives sufficient revenues necessary to provide management
salaries. At this time, we cannot accurately estimate when sufficient revenues
will occur to implement this compensation, or what the amount of the
compensation will be.

There are no annuity, pension or retirement benefits proposed to be paid to
officers, directors or employees in the event of retirement at normal retirement
date pursuant to any presently existing plan provided or contributed to by the
company or any of its subsidiaries, if any.

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

The following table sets forth information on the ownership of Treasure
Explorations Inc. voting securities by officers, directors and major
shareholders as well as those who own beneficially more than five percent of our
common stock as of the date of this prospectus:

Name of No. of Percentage
Beneficial Owner(1) Shares of Ownership
------------------- ------ ------------

Manly Shore 0 0%

All Officers and
Directors as a Group 0 0%

Howard Gelfand 2,000,000 50%

- ----------
(1) The person(s) named may be deemed to be a "parent" and "promoter" of the
Company, within the meaning of such terms under the Securities Act of 1933,
as amended.

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

On May 31, 2006, a total of 2,000,000 shares of common stock were issued to Mr.
Gelfand in exchange for cash in the amount of $10,000 U.S., or $.005 per share.

Mr. Gelfand and Mr. Koshowski, the former officer and directors of the company,
were not paid for any underwriting services that they performed on our behalf
with respect to our offering which was completed in October 2006.

ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES

The total fees charged to the company for audit services were $8,500, for
audit-related services were $Nil, for tax services were $Nil and for other
services were $Nil during the year ended June 30, 2008.

For the year ended June 30, 2007, the total fees charged to the company for
audit services were $6,700, for audit-related services were $Nil, for tax
services were $Nil and for other services were $Nil.

PART IV

ITEM 15. EXHIBITS

The following exhibits are included with this filing:

Exhibit
Number Description
------ -----------

3(i) Articles of Incorporation*
3(ii) Bylaws*
31.1 Sec. 302 Certification of CEO
31.2 Sec. 302 Certification of CFO
32 Sec. 906 Certification of CEO/CFO

- ----------
* Included in our SB-2 filing under Commission File Number 333-136492.

SIGNATURES

In accordance with Section 13 or 15(d) of the Securities Exchange Act, the
registrant caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.

September 24, 2008 Treasure Explorations Inc, Registrant

By: /s/ Manly Shore
----------------------------------------
Manly Shore, Director, President,
Principal Executive Officer,
Principal Accounting Officer,
Principal Financial Officer