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, 2009

Commission file number 333-1

Mondas Minerals Corp.
(Exact Name of Registrant as Specified in Its Charter)

Delaware 26-2517432
(State or Other Jurisdiction of (I.R.S. Employer
Incorporation or Organization) Identification No.)

13983 West Stone Avenue
Post Falls, ID 83854
(Address of Principal Executive Offices & Zip Code)

Phone 1-208-964-0755 Facsimile 1-678-669-7952
(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 August 10, 2009, the registrant had 1,500,000 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.

MONDAS MINERALS CORP.
TABLE OF CONTENTS

Page No.
--------

Part I

Item 1. Business 3
Item 1A. Risk Factors 16
Item 2. Properties 20
Item 3. Legal Proceedings 21
Item 4. Submission of Matters to a Vote of Securities Holders 21

Part II

Item 5. Market for Common Equity and Related Stockholder Matters 21
Item 7. Management's Discussion and Analysis of Financial Condition
and Results of Operations 22
Item 8. Financial Statements 25
Item 9. Changes in and Disagreements with Accountants on Accounting
and Financial Disclosure 39
Item 9A. Controls and Procedures 39

Part III

Item 10. Directors and Executive Officers 41
Item 11. Executive Compensation 43
Item 12. Security Ownership of Certain Beneficial Owners and Management 44
Item 13. Certain Relationships and Related Transactions 45
Item 14. Principal Accounting Fees and Services 46

Part IV

Item 15. Exhibits 47

Signatures 47

PART I

ITEM 1. BUSINESS

SUMMARY

Mondas Minerals Corp. was incorporated in the State of Delaware on April 25,
2008 to engage in the acquisition, exploration and development of natural
resource properties. We are an exploration stage company with no revenues or
operating history. The principal executive offices are located at 13983 West
Stone Avenue, Post Falls, ID 83854. The telephone number is (208) 964-0755.

We received our initial funding of $15,000 through the sale of common stock to
our officer and director who purchased 1,500,000 shares of our common stock at
$0.01 per share on May 13, 2008. Our financial statements from inception (April
25, 2008) through the year ended June 30, 2008 report no revenues and a net loss
of $7,000. Our independent auditor has issued an audit opinion for Mondas
Minerals Corp. which includes a statement expressing substantial doubt as to our
ability to continue as a going concern.

We attempted to raise $25,000 from an offering of registered shares pursuant to
a registration statement on Form S-1 filed with the SEC under file number
333-152330 which became effective on August 12, 2008. The offering expired on
February 8, 2009 with no shares being sold. Management is currently reviewing
funding options which may include filing another registration statement.

If we experience a shortage of monies prior to funding we may utilize funds from
our director who has informally agreed to advance funds to allow us to pay for
business operations, however our director has no formal commitment, arrangement
or legal obligation to advance or loan funds to us.

We currently own a 100% undivided interest in a mineral property, the Ram 1-4
Mineral Claims (known as the "Ram Property.") The Ram Property consist of an
area of 82.64 acres located in the Lida Quadrangle Area, Esmeralda County,
Nevada. Title to the Ram Property is held by Mondas Minerals Corp. Our plan of
operation is to conduct mineral exploration activities on the property in order
to assess whether it contains mineral deposits capable of commercial extraction.

We have not earned any revenues to date. We do not anticipate earning revenues
until such time as we enter into commercial production of our mineral
properties. We are presently in the exploration stage of our business and we can
provide no assurance that we will discover commercially exploitable levels of
mineral resources on our property, or if such deposits are discovered, that we
will enter into further substantial exploration programs.

There is no current public market for our securities. As our stock is not
publicly traded, investors should be aware they probably will be unable to sell
their shares and their investment in our securities is not liquid.

GLOSSARY

(Specific to the Report on the Ram 1-4 Mineral Claims, by James W. McLeod, P.
Geo., Consulting Geologist dated February 5, 2008)

Aeromagnetic survey - a magnetic survey conducted from the air normally
using a helicopter or fixed-wing aircraft to carry the detection instrument
and the recorder.

Alluvium - unconsolidated sediments that are carried and hence deposited by
a stream or river. In the southwest USA, most in filled valleys often
between mountain ranges were deposited with alluvium.

Andesitic to basaltic composition - a range of rock descriptions using the
chemical make-up or mineral norms of the same.

Aphanitic - fine grained crystalline texture

Blind-basin - a basin practically closed off by enveloping rock exposures
making the central portion of unconsolidated alluvial basin isolated.

Colluvium - loose, unconsolidated material usually derived by gravitational
means, such as falling from a cliff or scarp-face and often due to a sort
of benign erosion such as heating and cooling in a desert environment.

Desert wash - a longer than wide depression that could be favorable to
in-filling by material from adjacent eroding mountains.

Elongate basin - a longer than wide depression that could be favorable to
in-filling by material from adjacent eroding mountains.

Formation - the fundamental unit of similar rock assemblages used in
stratigraphy.

Intermontane belt - between mountains (ranges), a usually longer than wide
depression occurring between enclosing mountain ranges that supply the
erosional material to infill the basin.

Lode mineral claim (Nevada) - with a maximum area contained within 1500'
long by 600' wide = 20.66 acres.

Overburden or Drift Cover - any loose material which overlies bedrock.

Plagioclase feldspar - a specific range of chemical composition of common
or abundant rock forming silicate minerals.

Playa - the lowest part of an intermontane basin which is frequently
flooded by run-off from the adjacent highlands or by local rainfall.

Plutonic, igneous or intrusive rock - usually a medium to coarser grain
sized crystalline rock that generally is derived from a sub-surface magma
and then consolidated, such as in dykes, plugs, stocks or batholiths, from
smallest to largest.

Porphyritic in augite pyroxene - large porphyroblasts or crystals of a
specific rock-forming mineral, i.e. augite occurring within a matrix of
finer grained rock-forming minerals.

Quarternary - the youngest period of the Cenozoic era.

Snow equivalent - Approximately 1" of precipitation (rain) = 1' snow.

Syenite - Coarse grained, alkalic, low in quartz intrusive rock.

Trachyte - fine grained or glassy equivalent of a syenite.

Volcaniclastic - Angular to rounded particles of a wide range of size
within (a welded) finer grain-sized matrix of volcanic origin.

DESCRIPTION OF PROPERTY

The property owned by Mondas Minerals Corp. is the Ram 1-4 Mineral Claims which
is comprised of four contiguous claims totaling 82.64 acres, located in the Lida
Quadrangle Area, Esmeralda County, Nevada, USA.

The Ram Property is motor vehicle accessible from the town of Goldfield, Nevada
by traveling 17 miles south along Highway 95 to the Lida cut-off, Highway 266
and then 13 miles west to a good gravel road that travels north along the
Westside of Mount Jackson for 3 miles to a good gravel road to the
west-northwest that is then taken for 0.5 miles to the center post of the Ram
1-4 mineral claims.

The claims were recorded with the County and the Bureau of Land Management.
Prior to September 1, 2009, we will be required to make a filing that discloses
our intent to do field work and record it as assessment work with the Bureau of
Land Management, Reno, Nevada.

[MAP SHOWING THE CLAIM LOCATION]

CLIMATE AND GENERAL PHYSIOGRAPHY

The area experiences about 4" to 8" precipitation annually of which about 20%
may occur as a snow equivalent. This amount of precipitation suggests a climatic
classification of arid to semi-arid. The summers can experience hot weather,
middle 60 to 70 degrees F. average with high spells of 100 plus degrees F. while
the winters are generally more severe than the dry belt to the west and last
from December through February. Temperatures experienced during mid winter
average, for the month of January, from the high 20s to the low 40s F with lows
down to -20 degrees F.

The claim area ranges in elevation from 5,390' - 5,490' mean sea level. The
physiographic setting of the property can be described as open desert in a
valley within a mosaic of low, rugged mountains on the west and east well beyond
the claim boundaries. The area has been surfacially effected by colluvial,
alluvial and wind erosion and the depositional (drift cover) effects of
in-filling. Thickness of drift cover in the valleys may vary considerably, but
should not be very deep because of its close proximity to bedrock.

The physiography of the Ram Property is very low sloping terrain to the east
towards the western base of Mount Jackson. Much of this area in a broad open
valleys and moderately high mountain ridges hosts sagebrush and other desert
plants on the low hill slopes. Joshua trees and cacti, such as the prickly pear
grow as far north as Goldfield. Juniper and pinon growing above 6,500' with
pinon becoming more dominant at higher elevations. At elevations in the range of
7,500' along water courses can be found small groves of trembling aspen.

INFRASTRUCTURE

The town of Tonopah offers much of the necessary infrastructure required to base
and carry-out an exploration program (accommodations, communications, equipment
and supplies). Larger or specialized equipment can likely be acquired in the
City of Las Vegas lying 209 miles south of Tonopah by paved road (Highway 95).

Infrastructure such as highways and secondary roads, communications,
accommodations and supplies that are essential to carrying out an exploration
program are at hand, between Tonopah, Goldfield and Las Vegas.

PROPERTY HISTORY

The recorded mining history of the general area dates from the 1860s when
prospectors passed through heading north and west. The many significant lode
gold, silver and other mineral product deposits developed in the area was that
of the Goldfield Camp, 1905; Coaldale, coal field, 1913; Divide Silver Mining
District, 1921 and the Candalaria silver-gold mine which operated as an
underground lode gold deposit in 1922 and again in the 1990s as an open cut,
cyanide heap leach operation. The Tonopah District while mainly in Nye County is
on the edge of nearly all of the gold-silver camps of Esmeralda County, if not
strictly in location then certainly as a headquarters and supply depot for the
general area. The Tonopah Camp produced mainly silver with some gold from quartz
veins in Tertiary volcanic rocks. The period 1900-1921 saw the Camp produce from
6.4 million tons of ore, 138 million ounces of silver and 1.5 million ounces of
gold or an average of 22 oz/ton silver and slightly less than 1/4 oz/ton gold,
very rich ore by current standards.

REGIONAL GEOLOGY

The regional geology of Nevada is depicted as being underlain by all types of
rock units. These appear to range from oldest to youngest in an east to west
direction, respectively. The oldest units are found to occur in the southeast
corner of the State along the Colorado River. The bedrock units exhibit a
north-south fabric of alternating east-west ranges and valleys. This feature may
suggest E-W compression that may have expression as low angle thrust faults on
walls of some canyons (see Figure 3a). Faulting plays a large part in many areas
of Nevada and an even larger part in the emplacement of mineral occurrences and
ore bodies.

[MAP SHOWING THE REGIONAL GEOLOGY]

LOCAL GEOLOGY

The local geology about Mount Jackson and Mount Jackson Ridge which lies
approximately 45 air miles to the south-southwest of Tonopah, Nevada reveals a
N-S trending, elongate or elliptical blind-basin bounded, i.e. closed off around
much of its perimeter by rock exposures.

Throughout this outcropping ring-shaped feature are abundant, scattered rock
exposures of Lower to Middle Paleozoic carbonate and aphanitic to very fine
grain sized sediments, as quartzite, siltstone, claystone and more abundant
limestone. Some transitional metamorphic rocks are inter-layered.

More abundant Tertiary age intrusive rocks dominate the northern end of the
canyon ring while older Lower Paleozoic sedimentary and lesser metamorphic
equivalents are more abundant in the southern part of the canyon.

Thrust faulting is noticeable in rock exposures at the west-end of the large
covered basin approximately 12 miles south-southwest of the mineral claims in
the vicinity of Lida, Nevada within the older Lower Cambrian sedimentary rock
units. The oldest meta-sedimentary units can be overlain by granitic rocks of
Jurassic age or Tertiary age volcanic rock of andesite to rhyolite composition.

The outcrops partially surrounding or flanking the alluvial covered valley
underlying the mineral claim area suggests mineral occurrences or structurally
prepared bedrock could be sought after in those areas.

PROPERTY GEOLOGY AND MINERALIZATION

The geology of the Ram Property area may be described as being underlain by
Lower Cambrian sediments and their metamorphic equivalents and partially covered
by Quaternary and/or desert wash, collovium, alluvium and playa deposits. This
younger covered basin within a larger surrounding area of rock exposure and
known mineral occurrences exhibits a good geological setting and an excellent
target area in which to conduct mineral exploration.

By far the largest production in the County comes from the vein-type of gold and
silver occurrences in quartz fissures in either pre-Tertiary volcanic or
Tertiary volcanic host rocks.

DEPOSIT TYPES

The deposit types that are found occurring in the regional area and the more
localized areas vary considerably. Silver and gold quartz veins predominate at
Tonopah. Some of the most productive veins represent the silicification and
replacement of sheeted zones of tracheae that was originally marked by close-set
parallel fractures, but not faulting. The two hosts of mineralized quartz veins
are 1) older pre-Tertiary volcanic rocks, i.e. Silver Peak (Mineral Ridge area),
Weepah and Hornsilver or 2) Tertiary rhyolite host rocks that occur at Tonopah
and other younger volcanic rocks, i.e. Goldfield and Divide. Base metal deposits
are more commonly of interest now than in the past and many prospects occur in
the general area. The industrial mineral barite that is observed to occur either
in vein or bedded types have been recognized in the general area.

Geophysical techniques may be most effective in the covered areas as a follow-up
prospecting and MMI soil sampling of the Phase 1 program.

EXPLORATION

GEOPHYSICS OF THE RAM 1-4 MINERAL CLAIMS

The aeromagnetic results shown in Figure 4 are from a survey after U.S.G.S. map
GP-753.

The Ram mineral property is seen to lie between two slightly magnetic high
lobes. The change in gradient in the claim area suggests an in-filled basin
feature i.e. a possible northerly trending and southwest dipping feature that
possibly reflects a rock contact or alteration zone. Ground geophysical surveys
may add more detail to our understanding of the possible potential of the claim
area.

[MAP SHOWING THE AEROMAGNETIC RESULTS]

GEOCHEMISTRY OF THE RAM 1-4 MINERAL CLAIMS

To the best of the consulting geologist's knowledge, the Ram 1-4 property has
not undergone any detailed ground exploration work including geochemistry which
may have usefulness in this area.

DRILLING

No drilling appears to have taken place on the area covered by the Ram mineral
claims.

SAMPLE METHOD AND APPROACH

Standard sampling methods are utilized, for example a rock sample would be
acquired from the rock exposure with a hammer. The sample will be roughly
2"x2"x2" of freshly broken material. The samples grid location correlated with
global positioning system location will be marked in the logbook after a sample
number has been assigned. The sample number would be impressed on an aluminum
tag and on a flagging that will be affixed at the sample site for future
location.

RESULTS

As exploration work could be conducted and assessed, a decision would be made as
to its importance and priority. The next phase of work will be determined by the
results from the preceding one. At this point, it is necessary to suggest that a
three phase exploration approach be recommended.

SAMPLE PREPARATION, ANALYSES AND SECURITY

Our rock exposure samples would be taken with known grid relationships that have
been tied-in with a hand held global positioning system (GPS).

The samples would be in the possession of the field supervisor of the
exploration project.

The relatively new proprietary method called mobile metal ions (MMI) may be very
useful in our exploration endeavors. The samples in the desert climates are
taken consistently from between 8" and 10" in the soil layer below the organic
zone. The samples undergo selective digestion with subsequent analyses for the
chosen metal package, but most likely the standard multi-element package with
gold would be undertaken. The cost of taking the MMI sample and the analyses are
more expensive than standard method, but some studied results have been
encouraging. All analyses and assaying will be carried out in a certified
laboratory.

DATA VERIFICATION

Previous exploration has not been conducted on this mineral claim area by the
consulting geologist but its good geological setting and interesting
aeromagnetic data encourages the recommendation to conduct exploration work on
the property. The consulting geologist is confident any information included in
this report is accurate and can be utilized in planning further exploration
work.

ADJACENT PROPERTIES

The Ram 1-4 mineral claims occur in a general area that possibly has undergone
some prospecting in the past. The general area has known barite occurrences, as
well as gold and silver potential. The Ram property does not have immediately
adjacent mineral properties.

MINERAL PROCESSING AND METALLURGICAL TESTING

No mineral processing or metallurgical testing analyses have been carried out on
the Ram property.

MINERAL RESOURCE AND MINERAL RESERVE ESTIMATES

No mineralization has been encountered to date by the consulting geologist and
no calculation of any reliable mineral resource or reserve, conforming to
currently accepted standards, could be undertaken at this time.

INTERPRETATION AND CONCLUSIONS

The object of the recommendations made are to facilitate in the possible
discovery of a large, probably low-grade mineral deposit of base and/or precious
metals or other minerals of economic consideration that have open pit and/or
underground mining potential. If such a deposit exists, it may occur under the
drift or overburden covered areas of the Ram 1-4 mineral claims.

RECOMMENDATIONS

The consulting geologist believes that the known mineralization encountered to
date in neighboring areas is possibly indicative of a larger mineralized system
in the general area. The drift covered parts of the property offer good
exploration targets because of the possibility of mineralization, good
geological setting and generally a lack of exploration testing. Also, remote
sensing such as aeromagnetics may indicate possible exploration areas of
interest within the Ram 1-4 mineral claims.

Detailed prospecting, mapping and reconnaissance MMI soil geochemical surveys of
the claim area should be undertaken if and when the Company is in a position to
do so. The following three phase exploration proposal and cost estimate is
offered with the understanding that consecutive phases are contingent upon
positive and encouraging results being obtained from each preceding phase.

Phase Exploration Program Cost Status
----- ------------------- ---- ------

Phase 1 Detailed Prospecting, mapping and soil $ 9,500 Expected to be completed in spring 2010
geochemistry. The timeline for (dependent on consulting geologist's
accomplishing this phase of fieldwork schedule).
including the turn-around time on analyses
is approximately two months.

Phase 2 Magnetometer and VLF electromagnetic, grid $ 9,500 Expected to be completed in summer 2010
controlled surveys over the areas of (depending on the results of Phase 1, and
interest determined by the Phase 1 survey. consulting geologist's schedule).
Included in this estimated cost is
transportation, accommodation, board, grid
installation, two geophysical surveys, maps
and report

Phase 3 Induced polarization survey over grid $25,000 Expected to be completed in 2011 (depending
controlled anomalous area of interest on the results of Phase 2, and consulting
outlined by Phase 1 and 2 fieldwork. Hoe or geologist's schedule.)
bulldozer trenching, mapping and sampling of
bedrock anomalies. Includes assays, maps and
reports.

TOTAL ESTIMATED COST $44,000

COMPETITION

We do not compete directly with anyone for the exploration or removal of
minerals from our property as we hold all interest and rights to the claims.
Readily available commodities markets exist in the U.S. and around the world for
the sale of gold, silver and other minerals. Therefore, we will likely be able
to sell any gold, silver or other minerals that we are able to recover.

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. We have not yet attempted to locate or negotiate with any
suppliers of products, equipment or services and will not do so until we receive
funding. 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 United States generally, and in Nevada specifically. We will also be
subject to the regulations of the Bureau of Land Management.

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.
EMPLOYEES AND EMPLOYMENT AGREEMENTS

Our only employee is our sole officer, Scott D. Bengfort who currently devotes 5
hours per week to company matters and after receiving funding he plans to 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.

ITEM 1A. RISK FACTORS

WE ARE AN EXPLORATION STAGE COMPANY BUT HAVE NOT YET COMMENCED EXPLORATION
ACTIVITIES ON OUR CLAIMS. WE EXPECT TO INCUR OPERATING LOSSES FOR THE
FORESEEABLE FUTURE.

We were incorporated on April 25, 2008 and to date have been involved primarily
in organizational activities and the acquisition of the mineral claims. We have
not yet commenced exploration on the Ram 1-4 Mineral Claims (known as the "Ram
Property.") Accordingly, we have no way to evaluate the likelihood that our
business will be successful. 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 mineral production is not forthcoming from the claims, we will not be
able to continue business 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.

WE HAVE YET TO EARN REVENUE AND OUR ABILITY TO SUSTAIN OUR OPERATIONS IS
DEPENDENT ON OUR ABILITY TO RAISE FINANCING. AS A RESULT, OUR ACCOUNTANT
BELIEVES THERE IS SUBSTANTIAL DOUBT ABOUT OUR ABILITY TO CONTINUE AS A GOING
CONCERN.

We have accrued net losses of $18,964 for the period from our inception on April
25, 2008 to June 30, 2009, and have no revenues to date. Our future is dependent
upon our ability to obtain financing and upon future profitable operations from
the development of our mineral claims. These factors raise substantial doubt
that we will be able to continue as a going concern. Moore & Associates, CPA,
our independent auditor, has expressed substantial doubt about our ability to
continue as a going concern. This opinion could materially limit our ability to
raise additional funds by issuing new debt or equity securities or otherwise. If
we fail to raise sufficient capital when needed, we will not be able to complete
our business plan. As a result we may have to liquidate our business and you may
lose your investment. You should consider our auditor's comments when
determining if an investment in Mondas Minerals Corp. is suitable.

WITHOUT FUNDING WE WILL BE UNABLE TO IMPLEMENT OUR BUSINESS PLAN.

Our current operating funds are less than necessary to complete the intended
exploration program on our mineral claims. We will need funding to complete our
business plan. As of June 30, 2009, we had cash in the amount of $616. We are an
exploration stage company with no revenues or operating activities.

BECAUSE OF THE UNIQUE DIFFICULTIES AND UNCERTAINTIES INHERENT IN MINERAL
EXPLORATION VENTURES, WE FACE A HIGH RISK OF BUSINESS FAILURE.

You 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. The Ram Property does not contain a known body of any commercial
minerals and, therefore, any program conducted on the Ram Property would be an
exploratory search of any minerals There is no certainty that any expenditures
made in the exploration of the Ram Property will result in discoveries of any
commercial quantities of minerals. Most exploration projects do not result in
the discovery of commercially mineable mineral deposits. Problems such as
unusual or unexpected formations and other conditions are common to mineral
exploration activities and often result in unsuccessful exploration efforts. If
the results of our exploration program do not reveal viable commercial
mineralization, we may decide to abandon our claim and acquire new claims for
new exploration. Our ability to acquire additional claims will be dependent upon
our possessing adequate capital resources when needed. If no funding is
available, we may be forced to abandon our operations.

WE HAVE NO KNOWN MINERAL RESERVES AND IF WE CANNOT FIND ANY, WE MAY HAVE TO
CEASE OPERATIONS.

We have no mineral reserves. If we do not find any commercially exploitable
mineral reserves or if we cannot complete the exploration of any mineral
reserves, either because we do not have the money to do so or because it is not
economically feasible to do so, we may have to cease operations and you may lose
your investment. Mineral exploration is highly speculative. It involves many
risks and is often non-productive. Even if we are able to find mineral reserves
on our property our production capability will be subject to further risks
including:

- The costs of bringing the property into production including
exploration work, preparation of production feasibility studies, and
construction of production facilities, all of which we have not
budgeted for;
- The availability and costs of financing;
- The ongoing costs of production; and
- Risks related to environmental compliance regulations and restraints.

The marketability of any minerals acquired or discovered may be affected by
numerous factors which are beyond our control and which cannot be accurately
predicted, such as market fluctuations, the lack of milling facilities and
processing equipment near the Bonanza Property, and other factors such as
government regulations, including regulations relating to allowable production,
the importing and exporting of minerals, and environmental protection.

Given the above noted risks, the chances of our finding and commercially
exploiting reserves on our mineral properties are remote and funds expended on
exploration will likely be lost.

BECAUSE OF THE INHERENT DANGERS INVOLVED IN MINERAL EXPLORATION, THERE IS A RISK
THAT WE MAY INCUR LIABILITY OR DAMAGES AS WE CONDUCT OUR BUSINESS.

The search for valuable minerals involves numerous hazards. As a result, we may
become subject to liability for such hazards, including pollution, cave-ins and
other hazards against which we cannot insure or against which we may elect not
to insure. At the present time we have no insurance to cover against these
hazards. The payment of such liabilities may result in our inability to complete
our planned exploration program and/or obtain additional financing to fund our
exploration program.

AS WE UNDERTAKE EXPLORATION OF OUR MINERAL CLAIMS, WE WILL BE SUBJECT TO
COMPLIANCE WITH GOVERNMENT REGULATION THAT MAY INCREASE THE ANTICIPATED COST OF
OUR EXPLORATION PROGRAM.

There are several governmental regulations that materially restrict mineral
exploration. We will be subject to the laws of the State of Nevada as we carry
out our exploration program. We may be required to obtain work permits, post
bonds and perform remediation work for any physical disturbance to the land in
order to comply with these laws. If we enter the production phase, the cost of
complying with permit and regulatory environment laws will be greater because
the impact on the project area is greater. Permits and regulations will control
all aspects of the production program if the project continues to that stage.
Examples of regulatory requirements include:

(a) Water discharge will have to meet drinking water standards;
(b) Dust generation will have to be minimal or otherwise re-mediated;
(c) Dumping of material on the surface will have to be re-contoured and
re-vegetated with natural vegetation;
(d) An assessment of all material to be left on the surface will need to
be environmentally benign;
(e) Ground water will have to be monitored for any potential contaminants;
(f) The socio-economic impact of the project will have to be evaluated and
if deemed negative, will have to be remediated; and
(g) There will have to be an impact report of the work on the local fauna
and flora including a study of potentially endangered species.

There is a risk that new regulations could increase our costs of doing business
and prevent us from carrying out our exploration program. We will also have to
sustain the cost of reclamation and environmental remediation for all
exploration work undertaken. Both reclamation and environmental remediation
refer to putting disturbed ground back as close to its original state as
possible. Other potential pollution or damage must be cleaned-up and renewed
along standard guidelines outlined in the usual permits. Reclamation is the
process of bringing the land back to its natural state after completion of
exploration activities. Environmental remediation refers to the physical
activity of taking steps to remediate, or remedy, any environmental damage
caused. The amount of these costs is not known at this time as we do not know
the extent of the exploration program that will be undertaken beyond completion
of the recommended work program. If remediation costs exceed our cash reserves
we may be unable to complete our exploration program and have to abandon our
operations.

BECAUSE OUR SOLE OFFICER AND/OR DIRECTOR DOES NOT HAVE ANY FORMAL TRAINING
SPECIFIC TO THE TECHNICALITIES OF MINERAL EXPLORATION, THERE IS A HIGHER RISK
OUR BUSINESS WILL FAIL.

Our sole officer and director is Scott D. Bengfort. Mr. Bengfort has no formal
training as a geologist or in the technical aspects of management of a mineral
exploration company. His prior business experiences have primarily been in sales
and marketing and not in the mineral exploration business. With no direct
training or experience in these areas, our management may not be fully aware of
the specific requirements related to working within this industry. Our
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 could
suffer irreparable harm due to management's lack of experience in this industry.

BECAUSE OUR CURRENT OFFICER/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. Scott D. Bengfort, our officer/director, currently devotes approximately 5
hours per week providing management services to us. While he presently possesses
adequate time to attend to our interest, 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.

THERE IS A RISK THAT OUR PROPERTY DOES NOT CONTAIN ANY KNOWN BODIES OF ORE
RESULTING IN ANY FUNDS SPENT ON EXPLORATION BEING LOST.

There is the likelihood of our mineral claim containing little or no economic
mineralization or reserves. We have a geological report detailing previous
exploration in the area, and the claim has been staked per Nevada regulations.
However, there is the possibility that previous work conducted was not carried
out properly and our claim does not contain any reserves, resulting in any funds
spent on exploration being lost.

BECAUSE WE HAVE NOT SURVEYED THE RAM 1-4 MINERAL CLAIMS, WE MAY DISCOVER
MINERALIZATION ON THE CLAIMS THAT IS NOT WITHIN OUR CLAIM BOUNDARIES.

While we have conducted a mineral claim title search, this should not be
construed as a guarantee of claim boundaries. Until the claim is surveyed, the
precise location of the boundaries of the claim may be in doubt. If we discover
mineralization that is close to the claim boundaries, it is possible that some
or all of the mineralization may occur outside the boundaries. In such a case we
would not have the right to extract those minerals.

IF WE DISCOVER COMMERCIAL RESERVES OF PRECIOUS METALS ON OUR MINERAL PROPERTY,
WE CAN PROVIDE NO ASSURANCE THAT WE WILL BE ABLE TO SUCCESSFULLY ADVANCE THE
MINERAL CLAIMS INTO COMMERCIAL PRODUCTION.

If our exploration program is successful in establishing ore of commercial
tonnage and grade, we will require additional funds in order to advance the
claim into commercial production. Obtaining additional financing would be
subject to a number of factors, including the market price for the minerals,
investor acceptance of our claims and general market conditions. These factors
may make the timing, amount, terms or conditions of additional financing
unavailable to us. The most likely source of future funds is through the sale of
equity capital. Any sale of share capital will result in dilution to existing
shareholders. We may be unable to obtain any such funds, or to obtain such funds
on terms that we consider economically feasible.

IF ACCESS TO OUR MINERAL CLAIMS IS RESTRICTED BY INCLEMENT WEATHER, WE MAY BE
DELAYED IN OUR EXPLORATION AND ANY FUTURE MINING EFFORTS.

It is possible that snow or rain could cause the mining roads providing access
to our claims to become impassable. If the roads are impassable we would be
delayed in our exploration timetable.

BASED ON CONSUMER DEMAND, THE GROWTH AND DEMAND FOR ANY ORE WE MAY RECOVER FROM
OUR CLAIMS MAY BE SLOWED, RESULTING IN REDUCED REVENUES TO THE COMPANY.

Our success will be dependent on the growth of demand for ores. If consumer
demand slows our revenues may be significantly affected. This could limit our
ability to generate revenues and our financial condition and operating results
may be harmed.

MR. BENGFORT, THE DIRECTOR OF THE COMPANY, BENEFICIALLY OWNS 100% OF THE
OUTSTANDING SHARES OF OUR COMMON STOCK. 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 Mr. Bengfort's share ownership in our company, 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 which will restrict his ability to sell his
shares.

ITEM 2. PROPERTIES

We do not currently own any property. We are currently operating out of the
premises of our President, Scott D. Bengfort on a rent free basis during our
exploration stage. The office is at 13983 West Stone Avenue, Post Falls, ID
83854. We consider our current principal office space arrangement adequate and
will reassess our needs based upon the future growth of the company.

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, 2009.

PART II

ITEM 5. MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

There is currently no public market for our common stock. There has been no
public trading of our securities, and, therefore, no high and low bid pricing.

We have paid no cash dividends and have no outstanding options. We have no
securities authorized for issuance under equity compensation plans.

The Securities and Exchange Commission (SEC) has adopted rules that regulate
broker-dealer practices in connection with transactions in penny stocks. Penny
stocks are generally equity securities with a price of less than $5.00, other
than securities registered on certain national securities exchanges or quoted on
the NASDAQ system, provided that current price and volume information with
respect to transactions in such securities is provided by the exchange or
quotation system. The penny stock rules require a broker-dealer, prior to a
transaction in a penny stock, to deliver a standardized risk disclosure document
prepared by the SEC, that: (a) contains a description of the nature and level of
risk in the market for penny stocks in both public offerings and secondary
trading; b) contains a description of the broker's or dealer's duties to the
customer and of the rights and remedies available to the customer with respect
to a violation to such duties or other requirements of Securities' laws; (c)
contains a brief, clear, narrative description of a dealer market, including bid
and ask prices for penny stocks and the significance of the spread between the
bid and ask price; (d) contains a toll-free telephone number for inquiries on
disciplinary actions; (e) defines significant terms in the disclosure document
or in the conduct of trading in penny stocks; and (f) contains such other
information and is in such form, including language, type, size and format, as
the SEC shall require by rule or regulation. The broker-dealer also must
provide, prior to effecting any transaction in a penny stock, the customer with:
(a) bid and offer quotations for the penny stock; (b) the compensation of the
broker-dealer and its salesperson in the transaction; (c) the number of shares
to which such bid and ask prices apply, or other comparable information relating
to the depth and liquidity of the market for such stock; and (d) monthly account
statements showing the market value of each penny stock held in the customer's
account. In addition, the penny stock rules require that prior to a transaction
in a penny stock not otherwise exempt from those rules; the broker-dealer must
make a special written determination that the penny stock is a suitable

investment for the purchaser and receive the purchaser's written acknowledgment
of the receipt of a risk disclosure statement, a written agreement to
transactions involving penny stocks, and a signed and dated copy of a suitably
written statement.

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

There were no shares of common stock or other securities issued to the issuer or
affiliated purchasers during the year ended June 30, 2009.

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

FORWARD LOOKING STATEMENTS

This annual report contains forward-looking statements that involve risk and
uncertainties. We use words such as "anticipate", "believe", "plan", "expect",
"future", "intend", and similar expressions to identify such forward-looking
statements. Investors should be aware that all forward-looking statements
contained within this filing are good faith estimates of management as of the
date of this filing. Our actual results could differ materially from those
anticipated in these forward-looking statements for many reasons, including the
risks faced by us as described in the "Risk Factors" section and elsewhere in
this annual report.

RESULTS OF OPERATIONS

We are still in our exploration stage and have generated no revenues to date.

We incurred operating expenses of $11,964 and $7,000 for the years ended June
30, 2009 and 2008, respectively. 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 required reports
with the U.S. Securities and Exchange Commission.

Our net loss from inception (April 25, 2008) through June 30, 2009 was $18,964.

Our auditors have issued a going concern opinion. This means that there is
substantial doubt that we can continue as an on-going business for the next
twelve months unless we obtain additional capital to pay our bills. This is
because we have not generated revenues and no revenues are anticipated until we
begin removing and selling minerals. There is no assurance we will ever reach
that point.

PLAN OF OPERATION

Our plan of operation for the twelve months following funding, of which there is
no guarantee, is to complete the first two phases of the exploration program on
our claims consisting of geological mapping, soil sampling and rock sampling. In
addition to the $9,500 we anticipate spending for Phase 1 and $9,500 on Phase 2
of the exploration program as outlined below, we anticipate spending an

additional $9,000 on professional fees, including fees payable in connection
with reporting obligations, and general administrative costs. Total expenditures
over the next 12 months are therefore expected to be approximately $28,000. If
we experience a shortage of monies prior to funding during the next 12 months,
we may utilize funds from our director, who has informally agreed to advance
funds to allow us to pay for professional fees, including fees payable in
connection with reporting obligations and operation expenses, however, he has no
formal commitment, arrangement or legal obligation to advance or loan funds to
the company.

We engaged Mr. James W. McLeod, P. Geo., to prepare a geological evaluation
report on the Ram Property. Mr. McLeod's report summarizes the results of the
history of the exploration of the mineral claims, the regional and local geology
of the mineral claims and the mineralization and the geological formations
identified as a result of the prior exploration in the claim areas. The
geological report also gives conclusions regarding potential mineralization of
the mineral claims and recommends a further geological exploration program on
the mineral claims. The exploration program recommended by Mr. McLeod is as
follows:

Phase Exploration Program Cost Status
----- ------------------- ---- ------

TOTAL ESTIMATED COST $44,000

If we are successful in raising funds we plan to commence Phase 1 of the
exploration program on the claims in spring 2010. We have a verbal agreement
with James McLeod, the consulting geologist, who prepared the geology report on
our claims, to retain his services for our planned exploration program. We
expect this phase to take two weeks to complete and an additional three months
for the consulting geologist to receive the results from the assay lab and
prepare his report. If Phase 1 of the exploration program is successful, we
anticipate commencing Phase 2 in summer of 2010. We expect this phase to take

three weeks to complete and an additional three months for the consulting
geologist to receive the results from the assay lab and prepare his report.

The above program costs are management's estimates based upon the
recommendations of the professional consulting geologist's report and the actual
project costs may exceed our estimates. To date, we have not commenced
exploration.

Following phase two of the exploration program, if it proves successful in
identifying mineral deposits, we intend to proceed with phase three of our
exploration program if we are able to raise the funds necessary. The estimated
cost of this program is $25,000 and will take approximately 4 weeks to complete
and an additional three to four months for the consulting geologist to receive
the results from the assay lab and prepare his report.

Subject to additional financing, we anticipate commencing the third phase in
2011. We will require additional funding to proceed with phase three and any
subsequent work on the claims, we have no current plans on how to raise the
additional funding.

We cannot provide investors with any assurance that we will be able to raise
sufficient funds to proceed with any work on the exploration program.

LIQUIDITY AND CAPITAL RESOURCES

Our cash balance at June 30, 2009 was $616 with $4,580 in outstanding
liabilities. In order to achieve our exploration program goals, we will need
additional funding. We attempted to raise $25,000 from an offering of registered
shares pursuant to a registration statement on Form S-1 filed with the SEC under
file number 333-152330 which became effective on August 12, 2008. The offering
expired on February 8, 2009 with no shares being sold. Management is currently
reviewing funding options which may include filing another registration
statement.

OFF-BALANCE SHEET ARRANGEMENTS

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

ITEM 8. FINANCIAL STATEMENTS

SEALE AND BEERS, CPAs
PCAOB & CPAB REGISTERED AUDITORS
www.sealebeers.com

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors
Mondas Minerals Corporation
(A Development Stage Company)

We have audited the accompanying balance sheets of Mondas Minerals Corporation
(An Exploration Stage Company) as of June 30, 2009 and 2008, and the related
statements of operations, stockholders' equity (deficit) and cash flows for the
year ended June 30, 2009, and the periods from inception on April 25, 2008
through June 30, 2008 and 2009. 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 conduct our audits in accordance with standards of the Public Company
Accounting Oversight Board (United States). Those standards require that we plan
and perform the audits 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
audits provide 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 Mondas Minerals Corporation (An
Exploration Stage Company) as of June 30, 2009 and 2008, and the related
statements of operations, stockholders' equity (deficit) and cash flows for the
year ended June 30, 2009, and the periods from inception on April 25, 2008
through June 30, 2008 and 2009, in conformity with accounting principles
generally accepted in the United States of America.

The accompanying financial statements have been prepared assuming that the
Company will continue as a going concern. As discussed in Note 7 to the
financial statements, the Company has an accumulated deficit of $18,964, which
raises substantial doubt about its ability to continue as a going concern.
Management's plans concerning these matters are also described in Note 7. The
financial statements do not include any adjustments that might result from the
outcome of this uncertainty.

/s/ Seale and Beers, CPAs
- -------------------------------
Seale and Beers, CPAs
Las Vegas, Nevada
August 10, 2009

6490 West Desert Inn Rd, Las Vegas, NV 89146 (702) 253-7492 Fax (702) 253-7501

Mondas Minerals Corp.
(An Exploration Stage Company)
Balance Sheets

Year ended As of
June 30, June 30,
2009 2008
-------- --------

ASSETS

Current Assets
Cash $ 616 $ 8,000
-------- --------
Total Current Assets 616 8,000

Equipment
Total Equipment 0 0
-------- --------

Total Assets $ 616 $ 8,000
======== ========

LIABILITIES

Current Liabilities
Accounts Payable $ 80 $ 0
Loan from Director 4,500 0
-------- --------
Total Current Liabilities 4,580 0
-------- --------

Long term Liabilities 0 0
-------- --------

Total Liabilities 4,580 0
======== ========
EQUITY
100,000,000 Common Shares Authorized at $0.0001 par value
1,500,000 common shares issued and outstanding 150 150
Additional Paid in Capital 14,850 14,850
Deficit Accumulated during Exploration Stage (18,964) (7,000)
-------- --------
Total Stockholders Equity (3,964) 8,000
-------- --------

TOTAL LIABILITIES AND SHAREHOLDERS EQUITY $ 616 $ 8,000
======== ========

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

Mondas Minerals Corp.
(An Exploration Stage Company)
Statements of Operations

Year ended From Inception From Inception
ended on April 25, 2008 on April 25, 2008
June 30, June 30, June 30,
2009 2008 2009
---------- ---------- ----------

Revenue $ 0 $ 0 $ 0
---------- ---------- ----------
Expenses
General and Administrative 11,964 0 11,964
---------- ---------- ----------
Total Expenses 11,964 0 11,964
---------- ---------- ----------
Other Income (expenses)
Recognition of an Impairment Loss
(Mineral Claims) 0 7,000 7,000
---------- ---------- ----------
Income
Income (Loss) Before Income Taxes (11,964) (7,000) (18,964)
---------- ---------- ----------

Provision For Income Taxes -- -- --
---------- ---------- ----------

Net Income (Loss) $ (11,964) $ (7,000) $ (18,964)
========== ========== ==========

Basic & Diluted (Loss) per Common Share (0.008) (0.005) (0.013)
---------- ---------- ----------

Weighted Average Number of Common Shares 1,500,000 1,500,000 1,500,000
---------- ---------- ----------

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

Mondas Minerals Corp.
(An Exploration Stage Company)
Statements of Stockholders' Equity (Deficiency)
From Inception April 25, 2008 to June 30, 2009

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

Balance at Inception on April 25, 2008 -- $ -- $ -- $ -- $ --
---------- ------- -------- --------- ---------
Common Shares issued to founders @
$0.01 per share, (par value $0.0001)
on May 13, 2008 1,500,000 150 14,850 15,000

Net loss for the period from inception
on April 25, 2008 to June 30, 2008 (audited) (7,000) (7,000)
---------- ------- -------- --------- ---------

Balance, June 30, 2008 1,500,000 150 14,850 (7,000) 8,000
========== ======= ======== ========= =========

Net loss for the year ending June 30, 2009 (11,964) (11,964)
---------- ------- -------- --------- ---------

Balance, June 30, 2009 1,500,000 $ 150 $ 14,850 $ (18,964) $ (3,964)
========== ======= ======== ========= =========

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

Mondas Minerals Corp.
(An Exploration Stage Company)
Statements of Cash Flows

Year ended From Inception From Inception
ended on April 25, 2008 on April 25, 2008
June 30, June 30, June 30,
2009 2008 2009
-------- -------- --------

OPERATING ACTIVITIES
Net Income (Loss) $(11,964) $ (7,000) $(18,964)
Accounts Payable 80 -- 80
Impairment of Mineral Rights -- -- 7,000
-------- -------- --------
NET CASH FROM OPERATING ACTIVITIES (11,884) (7,000) (11,884)
-------- -------- --------

NET CASH AFTER OPERATING ACTIVITIES (11,884) (7,000) (11,884)

FINANCING ACTIVITIES
Mineral rights -- -- (7,000)
Loan from Director 4,500 -- 4,500
-------- -------- --------
NET CASH FROM FINANCING ACTIVITIES 4,500 -- (2,500)
-------- -------- --------

NET CASH AFTER OPERATING AND FINANCIAL ACTIVITIES (7,384) (7,000) (14,384)

INVESTING ACTIVITIES
Common Shares Issued to Founders, @ $0.01 Per Share -- 15,000 15,000
-------- -------- --------
NET CASH FROM INVESTING ACTIVITIES -- 15,000 15,000
-------- -------- --------

NET CASH AFTER OPERATING, FINANCIAL AND INVESTING ACTIVITIES (7,384) 8,000 616

Provision for Income Tax -- -- --
Cash at Beginning of Year 8,000 -- --
-------- -------- --------
CASH AT END OF YEAR $ 616 $ 8,000 $ 616
======== ======== ========

Supplemental Disclosure of Cash Flow Information

Cash paid for:
Interest Expense $ -- $ -- $ --
-------- -------- --------
Income Taxes $ -- $ -- $ --
-------- -------- --------

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

Mondas Minerals Corp.
(An Exploration Stage Company)
Notes to Financial Statements
June 30, 2009

NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS

Mondas Minerals, Corp. (the Company) was incorporated on April 25, 2008 under
the laws of the State of Delaware. The Company is primarily engaged in the
acquisition and exploration of mining properties.

The Company has been in the exploration stage since its formation and has not
yet realized any revenues from its planned operations. Upon the location of
commercially mineable reserves, the Company plans to prepare for mineral
extraction and enter the development stage.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

BASIS OF PRESENTATION

The Company reports revenue and expenses using the accrual method of accounting
for financial and tax reporting purposes.

USE OF ESTIMATES

Management uses estimates and assumptions in preparing these financial
statements in accordance with generally accepted accounting principles. Those
estimates and assumptions affect the reported amounts of assets and liabilities,
the disclosure of contingent assets and liabilities, and the reported revenues
and expenses.

MINERAL PROPERTY ACQUISITION AND EXPLORATION COSTS

Mineral property acquisition, exploration and development costs are expensed as
incurred until such time as economic reserves are quantified. To date the
Company has not established any proven or probable reserves on its mineral
properties.

DEPRECIATION, AMORTIZATION AND CAPITALIZATION

The Company records depreciation and amortization, when appropriate, using both
straight-line method over the estimated useful lives of the assets (five to
seven years). Expenditures for maintenance and repairs are charged to expense as
incurred. Additions, major renewals and replacements that increase the
property's useful life are capitalized. Property sold or retired, together with
the related accumulated depreciation is removed from the appropriate accounts
and the resultant gain or loss is included in net income.

Mondas Minerals Corp.
(An Exploration Stage Company)
Notes to Financial Statements
June 30, 2009

INCOME TAXES

The Company accounts for its income taxes in accordance with Statement of
Financial Accounting Standards No. 109, "Accounting for Income Taxes". Under
Statement 109, a liability method is used whereby deferred tax assets and
liabilities are determined based on temporary differences between basis used for
financial reporting and income tax reporting purposes. Income taxes are provided
based on tax rates in effect at the time such temporary differences are expected
to reverse. A valuation allowance is provided for certain deferred tax assets if
it is more likely than not, that the Company will not realize the tax assets
through future operations.

FAIR VALUE OF FINANCIAL INSTRUMENTS

Financial accounting Standards Statement No. 107, "Disclosures about Fair Value
of Financial Instruments", requires the Company to disclose, when reasonably
attainable, the fair market values of its assets and liabilities which are
deemed to be financial instruments. The Company's financial instruments consist
primarily of cash and certain investments.

INVESTMENTS

Investments that are purchased in other companies are valued at cost less any
impairment in the value that is other than temporary in nature.

EARNINGS (LOSS) PER SHARE

The Company computes earnings (loss) per share information in accordance with
SFAS No. 128, "Earnings per Share" which requires presentation of both basic and
diluted earnings per share on the face of the statement of operations. Basic
loss per share is computed by dividing the net loss available to common
shareholders by the weighted average number of common shares outstanding during
such period. Diluted loss per share gives effect to all dilutive potential
common shares outstanding during the period. Dilutive loss per share excludes
all potential common shares if their effect is anti-dilutive. The Company has
basic and diluted loss per share of $0.0001

ADVERTISING AND MARKETING

There has not been any advertising or marketing expenses incurred by the company
since inception.

OFFICE SPACE

The company does not lease an office and has not incurred any expenses for
office rent since inception.

Mondas Minerals Corp.
(An Exploration Stage Company)
Notes to Financial Statements
June 30, 2009

NOTE 3 - PROVISION FOR INCOME TAXES

The provision for income taxes for the period ended June 30, 2009 represents the
minimum state income tax expense of the Company, which is not considered
significant.

NOTE 4 - COMMITMENTS AND CONTINGENCIES

LITIGATION

The Company is not presently involved in any litigation.

NOTE 5 - RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS

In April 2009, the FASB issued FSP No. FAS 157-4, "Determining Fair Value When
the Volume and Level of Activity for the Asset or Liability Have Significantly
Decreased and Identifying Transactions That Are Not Orderly" ("FSP FAS 157-4").
FSP FAS 157-4 provides guidance on estimating fair value when market activity
has decreased and on identifying transactions that are not orderly.
Additionally, entities are required to disclose in interim and annual periods
the inputs and valuation techniques used to measure fair value. This FSP is
effective for interim and annual periods ending after June 15, 2009. The Company
does not expect the adoption of FSP FAS 157-4 will have a material impact on its
financial condition or results of operation.

In October 2008, the FASB issued FSP No. FAS 157-3, "Determining the Fair Value
of a Financial Asset When the Market for That Asset is Not Active," ("FSP FAS
157-3"), which clarifies application of SFAS 157 in a market that is not active.
FSP FAS 157-3 was effective upon issuance, including prior periods for which
financial statements have not been issued. The adoption of FSP FAS 157-3 had no
impact on the Company's results of operations, financial condition or cash
flows.

In December 2008, the FASB issued FSP No. FAS 140-4 and FIN 46(R)-8,
"Disclosures by Public Entities (Enterprises) about Transfers of Financial
Assets and Interests in Variable Interest Entities." This disclosure-only FSP
improves the transparency of transfers of financial assets and an enterprise's
involvement with variable interest entities, including qualifying
special-purpose entities. This FSP is effective for the first reporting period
(interim or annual) ending after December 15, 2008, with earlier application
encouraged. The Company adopted this FSP effective January 1, 2009. The adoption
of the FSP had no impact on the Company's results of operations, financial
condition or cash flows.

Mondas Minerals Corp.
(An Exploration Stage Company)
Notes to Financial Statements
June 30, 2009

NOTE 5 - RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS (continued)

In December 2008, the FASB issued FSP No. FAS 132(R)-1, "Employers' Disclosures
about Postretirement Benefit Plan Assets" ("FSP FAS 132(R)-1"). FSP FAS 132(R)-1
requires additional fair value disclosures about employers' pension and
postretirement benefit plan assets consistent with guidance contained in SFAS
157. Specifically, employers will be required to disclose information about how
investment allocation decisions are made, the fair value of each major category
of plan assets and information about the inputs and valuation techniques used to
develop the fair value measurements of plan assets. This FSP is effective for
fiscal years ending after December 15, 2009. The Company does not expect the
adoption of FSP FAS 132(R)-1 will have a material impact on its financial
condition or results of operation.

In September 2008, the FASB issued exposure drafts that eliminate qualifying
special purpose entities from the guidance of SFAS No. 140, "Accounting for
Transfers and Servicing of Financial Assets and Extinguishments of Liabilities,"
and FASB Interpretation 46 (revised December 2003), "Consolidation of Variable
Interest Entities - an interpretation of ARB No. 51," as well as other
modifications. While the proposed revised pronouncements have not been finalized
and the proposals are subject to further public comment, the Company anticipates
the changes will not have a significant impact on the Company's financial
statements. The changes would be effective March 1, 2010, on a prospective
basis.

In June 2008, the FASB issued FASB Staff Position EITF 03-6-1, DETERMINING
WHETHER INSTRUMENTS GRANTED IN SHARE-BASED PAYMENT TRANSACTIONS ARE
PARTICIPATING SECURITIES,) ("FSP EITF 03-6-1"). FSP EITF 03-6-1 addresses
whether instruments granted in share-based payment transactions are
participating securities prior to vesting, and therefore need to be included in
the computation of earnings per share under the two-class method as described in
FASB Statement of Financial Accounting Standards No. 128, "Earnings per Share."
FSP EITF 03-6-1 is effective for financial statements issued for fiscal years
beginning on or after December 15, 2008 and earlier adoption is prohibited. We
are not required to adopt FSP EITF 03-6-1; neither do we believe that FSP EITF
03-6-1 would have material effect on our consolidated financial position and
results of operations if adopted.

In May 2008, the Financial Accounting Standards Board ("FASB") issued SFAS No.
163, "Accounting for Financial Guarantee Insurance Contracts-and interpretation
of FASB Statement No. 60". SFAS No. 163 clarifies how Statement 60 applies to
financial guarantee insurance contracts, including the recognition and
measurement of premium revenue and claims liabilities. This statement also
requires expanded disclosures about financial guarantee insurance contracts.
SFAS No. 163 is effective for fiscal years beginning on or after December 15,

Mondas Minerals Corp.
(An Exploration Stage Company)
Notes to Financial Statements
June 30, 2009

NOTE 5 - RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS (continued)

2008, and interim periods within those years. SFAS No. 163 has no effect on the
Company's financial position, statements of operations, or cash flows at this
time.

In May 2008, the Financial Accounting Standards Board ("FASB") issued SFAS No.
162, "The Hierarchy of Generally Accepted Accounting Principles". SFAS No. 162
sets forth the level of authority to a given accounting pronouncement or
document by category. Where there might be conflicting guidance between two
categories, the more authoritative category will prevail. SFAS No. 162 will
become effective 60 days after the SEC approves the PCAOB's amendments to AU
Section 411 of the AICPA Professional Standards. SFAS No. 162 has no effect on
the Company's financial position, statements of operations, or cash flows at
this time.

In March 2008, the Financial Accounting Standards Board, or FASB, issued SFAS
No. 161, Disclosures about Derivative Instruments and Hedging Activities--an
amendment of FASB Statement No. 133. This standard requires companies to provide
enhanced disclosures about (a) how and why an entity uses derivative
instruments, (b) how derivative instruments and related hedged items are
accounted for under Statement 133 and its related interpretations, and (c) how
derivative instruments and related hedged items affect an entity's financial
position, financial performance, and cash flows. This Statement is effective for
financial statements issued for fiscal years and interim periods beginning after
November 15, 2008, with early application encouraged. The Company has not yet
adopted the provisions of SFAS No. 161, but does not expect it to have a
material impact on its consolidated financial position, results of operations or
cash flows.

In December 2007, the SEC issued Staff Accounting Bulletin (SAB) No. 110
regarding the use of a "simplified" method, as discussed in SAB No. 107 (SAB
107), in developing an estimate of expected term of "plain vanilla" share
options in accordance with SFAS No. 123 (R), Share-Based Payment. In particular,
the staff indicated in SAB 107 that it will accept a company's election to use
the simplified method, regardless of whether the company has sufficient
information to make more refined estimates of expected term. At the time SAB 107
was issued, the staff believed that more detailed external information about
employee exercise behavior (e.g., employee exercise patterns by industry and/or
other categories of companies) would, over time, become readily available to
companies. Therefore, the staff stated in SAB 107 that it would not expect a
company to use the simplified method for share option grants after December 31,
2007. The staff understands that such detailed information about employee
exercise behavior may not be widely available by December 31, 2007. Accordingly,
the staff will continue to accept, under certain circumstances, the use of the
simplified method beyond December 31, 2007. The Company currently uses the
simplified method for "plain vanilla" share options and warrants, and will
assess the impact of SAB 110 for fiscal year 2009. It is not believed that this
will have an impact on the Company's consolidated financial position, results of
operations or cash flows.

Mondas Minerals Corp.
(An Exploration Stage Company)
Notes to Financial Statements
June 30, 2009

NOTE 5 - RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS (continued)

In December 2007, the FASB issued SFAS No. 160, Noncontrolling Interests in
Consolidated Financial Statements--an amendment of ARB No. 51. This statement
amends ARB 51 to establish accounting and reporting standards for the
noncontrolling interest in a subsidiary and for the deconsolidation of a
subsidiary. It clarifies that a noncontrolling interest in a subsidiary is an
ownership interest in the consolidated entity that should be reported as equity
in the consolidated financial statements. Before this statement was issued,
limited guidance existed for reporting noncontrolling interests. As a result,
considerable diversity in practice existed. So-called minority interests were
reported in the consolidated statement of financial position as liabilities or
in the mezzanine section between liabilities and equity. This statement improves
comparability by eliminating that diversity. This statement is effective for
fiscal years, and interim periods within those fiscal years, beginning on or
after December 15, 2008 (that is, January 1, 2009, for entities with calendar
year-ends). Earlier adoption is prohibited. The effective date of this statement
is the same as that of the related Statement 141 (revised 2007). The Company
will adopt this Statement beginning March 1, 2009. It is not believed that this
will have an impact on the Company's consolidated financial position, results of
operations or cash flows.

In December 2007, the FASB, issued FAS No. 141 (revised 2007), Business
Combinations'. This Statement replaces FASB Statement No. 141, Business
Combinations, but retains the fundamental requirements in Statement 141. This
Statement establishes principles and requirements for how the acquirer: (a)
recognizes and measures in its financial statements the identifiable assets
acquired, the liabilities assumed, and any noncontrolling interest in the
acquiree; (b) recognizes and measures the goodwill acquired in the business
combination or a gain from a bargain purchase; and (c) determines what
information to disclose to enable users of the financial statements to evaluate
the nature and financial effects of the business combination. This statement
applies prospectively to business combinations for which the acquisition date is
on or after the beginning of the first annual reporting period beginning on or
after December 15, 2008. An entity may not apply it before that date. The
effective date of this statement is the same as that of the related FASB
Statement No. 160, Noncontrolling Interests in Consolidated Financial
Statements. The Company will adopt this statement beginning March 1, 2009. It is
not believed that this will have an impact on the Company's consolidated
financial position, results of operations or cash flows.

In February 2007, the FASB, issued SFAS No. 159, The Fair Value Option for
Financial Assets and Liabilities--Including an Amendment of FASB Statement No.
115. This standard permits an entity to choose to measure many financial
instruments and certain other items at fair value. This option is available to
all entities. Most of the provisions in FAS 159 are elective; however, an
amendment to FAS 115 Accounting for Certain Investments in Debt and Equity
Securities applies to all entities with available for sale or trading
securities. Some requirements apply differently to entities that do not report

Mondas Minerals Corp.
(An Exploration Stage Company)
Notes to Financial Statements
June 30, 2009

NOTE 5 - RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS (continued)

net income. 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 the previous fiscal year provided that the entity makes that
choice in the first 120 days of that fiscal year and also elects to apply the
provisions of SFAS No. 157 Fair Value Measurements. The Company will adopt SFAS
No. 159 beginning March 1, 2008 and is currently evaluating the potential impact
the adoption of this pronouncement will have on its consolidated financial
statements.

In September 2006, the FASB issued SFAS No. 157, Fair Value Measurements This
statement defines fair value, establishes a framework for measuring fair value
in generally accepted accounting principles (GAAP), and expands disclosures
about fair value measurements. This statement applies under other accounting
pronouncements that require or permit fair value measurements, the Board having
previously concluded in those accounting pronouncements that fair value is the
relevant measurement attribute. Accordingly, this statement does not require any
new fair value measurements. However, for some entities, the application of this
statement will change current practice. This statement is effective for
financial statements issued for fiscal years beginning after November 15, 2007,
and interim periods within those fiscal years. Earlier application is
encouraged, provided that the reporting entity has not yet issued financial
statements for that fiscal year, including financial statements for an interim
period within that fiscal year. The Company will adopt this statement March 1,
2008, and it is not believed that this will have an impact on the Company's
consolidated financial position, results of operations or cash flows.

NOTE 6 - CONCENTRATIONS OF RISKS

CASH BALANCES

The Company maintains its cash in institutions insured by the Federal Deposit
Insurance Corporation (FDIC). This government corporation insured balances up to
$100,000 through October 13, 2008. As of October 14, 2008 all non-interest
bearing transaction deposit accounts at an FDIC-insured institution, including
all personal and business checking deposit accounts that do not earn interest,
are fully insured for the entire amount in the deposit account. This unlimited
insurance coverage is temporary and will remain in effect for participating
institutions until December 31, 2009.

All other deposit accounts at FDIC-insured institutions are insured up to at
least $250,000 per depositor until December 31, 2009. On January 1, 2010, FDIC
deposit insurance for all deposit accounts, except for certain retirement
accounts, will return to at least $100,000 per depositor. Insurance coverage for
certain retirement accounts, which include all IRA deposit accounts, will remain
at $250,000 per depositor.

Mondas Minerals Corp.
(An Exploration Stage Company)
Notes to Financial Statements
June 30, 2009

NOTE 7 - GOING CONCERN

Future issuances of the Company's equity or debt securities will be required in
order for the Company to continue to finance its operations and continue as a
going concern. The Company's present revenues are insufficient to meet operating
expenses.

The financial statements of the Company have been prepared assuming that the
Company will continue as a going concern, which contemplates, among other
things, the realization of assets and the satisfaction of liabilities in the
normal course of business. The Company has incurred cumulative net losses of
$18,964 since its inception and requires capital for its contemplated
operational and marketing activities to take place. The Company's ability to
raise additional capital through the future issuances of common stock is
unknown. The obtainment of additional financing, the successful development of
the Company's contemplated plan of operations, and its transition, ultimately,
to the attainment of profitable operations are necessary for the Company to
continue operations. The ability to successfully resolve these factors raise
substantial doubt about the Company's ability to continue as a going concern.
The financial statements of the Company do not include any adjustments that may
result from the outcome of these aforementioned uncertainties.

NOTE 8 - RELATED PARTY TRANSACTIONS

Scott Bengfort, the sole officer and director of the Company may, in the future,
become involved in other business opportunities as they become available, thus
he may face a conflict in selecting between the Company and his other business
opportunities. The Company has not formulated a policy for the resolution of
such conflicts.

Scott Bengfort, the sole officer and director of the Company, will not be paid
for any underwriting services that he performs on behalf of the Company with
respect to the Company's upcoming S-1 offering. He will also not receive any
interest on any funds that he advances to the Company for offering expenses
prior to the offering being closed which will be repaid from the proceeds of the
offering.

While the Company is seeking additional capital, Mr. Bengfort has advanced funds
to the Company to pay for any costs incurred by it. These funds are interest
free. The balance due Mr. Bengfort was $4,500 on June 30, 2009.

Mondas Minerals Corp.
(An Exploration Stage Company)
Notes to Financial Statements
June 30, 2009

NOTE 9 - 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.

NOTE 10 - STOCKHOLDERS' EQUITY

The stockholders' equity section of the Company contains the following classes
of capital stock as of June 30, 2009:

Common Stock, $ 0.0001 par value: 100,000,000 shares authorized; 1,500,000
shares issued and outstanding.

On May 13, 2008 the Company issued a total of 1,500,000 shares of common stock
to one director for cash in the amount of $0.01 per share for a total of
$15,000.

As of June 30, 2009 the Company had 1,500,000 shares of common stock issued and
outstanding.

NOTE 11 - PURCHASE OF MINERAL RIGHTS AND IMPAIRMENT

On June 22, 2008, the Company entered into an agreement to acquire the Ram 1-4
Mineral Claims for $3,500 and $3,500 for an analysis of the claim. No proven or
probable reserves on the property have been established. The total cost of the
Mineral Rights acquisition was impaired 100% as of June 30, 2008.

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

None.

ITEM 9A. CONTROLS AND PROCEDURES

MANAGEMENT'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING

Our management is responsible for establishing and maintaining adequate internal
control over financial reporting. Internal control over financial reporting is
defined in Rule 13a-15(f) or 15d-15(f) promulgated under the Securities Exchange
Act of 1934 as a process designed by, or under the supervision of, the company's
principal executive and principal financial officers and effected by the
company's board of directors, management and other personnel, to provide
reasonable assurance regarding the reliability of financial reporting and the
preparation of financial statements for external purposes in accordance with
accounting principles generally accepted in the United States of America and
includes those policies and procedures that:

- Pertain to the maintenance of records that in reasonable detail
accurately and fairly reflect the transactions and dispositions of the
assets of the company;
- Provide reasonable assurance that transactions are recorded as
necessary to permit preparation of financial statements in accordance
with accounting principles generally accepted in the United States of
America and that receipts and expenditures of the company are being
made only in accordance with authorizations of management and
directors of the company; and
- Provide reasonable assurance regarding prevention or timely detection
of unauthorized acquisition, use or disposition of the company's
assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting
may not prevent or detect misstatements. Projections of any evaluation of
effectiveness to future periods are subject to the risk that controls may become
inadequate because of changes in conditions, or that the degree of compliance
with the policies or procedures may deteriorate. All internal control systems,
no matter how well designed, have inherent limitations. Therefore, even those
systems determined to be effective can provide only reasonable assurance with
respect to financial statement preparation and presentation. Because of the
inherent limitations of internal control, there is a risk that material
misstatements may not be prevented or detected on a timely basis by internal
control over financial reporting. However, these inherent limitations are known
features of the financial reporting process. Therefore, it is possible to design
into the process safeguards to reduce, though not eliminate, this risk.

As of June 30, 2009 management assessed the effectiveness of our internal
control over financial reporting based on the criteria for effective internal
control over financial reporting established in Internal Control--Integrated
Framework issued by the Committee of Sponsoring Organizations of the Treadway
Commission ("COSO") and SEC guidance on conducting such assessments. Based on
that evaluation, they concluded that, during the period covered by this report,
such internal controls and procedures were not effective to detect the
inappropriate application of US GAAP rules as more fully described below. This

was due to deficiencies that existed in the design or operation of our internal
controls over financial reporting that adversely affected our internal controls
and that may be considered to be material weaknesses.

The matters involving internal controls and procedures that our management
considered to be material weaknesses under the standards of the Public Company
Accounting Oversight Board were: (1) lack of a functioning audit committee due
to a lack of a majority of independent members and a lack of a majority of
outside directors on our board of directors, resulting in ineffective oversight
in the establishment and monitoring of required internal controls and
procedures; (2) inadequate segregation of duties consistent with control
objectives; and (3) ineffective controls over period end financial disclosure
and reporting processes. The aforementioned material weaknesses were identified
by our Chief Executive Officer in connection with the review of our financial
statements as of June 30, 2009.

Management believes that the material weaknesses set forth in items (2) and (3)
above did not have an effect on our financial results. However, management
believes that the lack of a functioning audit committee and the lack of a
majority of outside directors on our board of directors results in ineffective
oversight in the establishment and monitoring of required internal controls and
procedures, which could result in a material misstatement in our financial
statements in future periods.

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

MANAGEMENT'S REMEDIATION INITIATIVES

In an effort to remediate the identified material weaknesses and other
deficiencies and enhance our internal controls, we have initiated, or plan to
initiate, the following series of measures:

We will create a position to segregate duties consistent with control objectives
and will increase our personnel resources and technical accounting expertise
within the accounting function when funds are available to us. And, we plan to
appoint one or more outside directors to our board of directors who shall be
appointed to an audit committee resulting in a fully functioning audit committee
who will undertake the oversight in the establishment and monitoring of required
internal controls and procedures such as reviewing and approving estimates and
assumptions made by management when funds are available to us.

Management believes that the appointment of one or more outside directors, who
shall be appointed to a fully functioning audit committee, will remedy the lack
of a functioning audit committee and a lack of a majority of outside directors
on our Board.

We anticipate that these initiatives will be at least partially, if not fully,
implemented by June 30, 2010. Additionally, we plan to test our updated controls
and remediate our deficiencies by June 30, 2010.

CHANGES IN INTERNAL CONTROLS OVER FINANCIAL REPORTING

There was no change in our internal controls over financial reporting that
occurred during the period covered by this report, which has materially
affected, or is reasonably likely to materially affect, our internal controls
over financial reporting.

PART III

ITEM 10. DIRECTORS AND EXECUTIVE OFFICERS

The name, age and title of our executive officer/director is as follows:

Name and Address of Executive
Officer and/or Director Age Position
----------------------- --- --------

Scott D. Bengfort 60 President, Secretary, Treasurer
13983 West Stone Avenue and Director
Post Falls, ID 83854

Scott D. Bengfort is the promoter of Mondas Minerals Corp., as that term is
defined in the rules and regulations promulgated under the Securities and
Exchange Act of 1933.

Mr. Bengfort has no formal training as a geologist or in the technical or
managerial aspects of management of a mineral exploration company. Her prior
business experiences have primarily been in sales and marketing and not in the
mineral exploration industry. Accordingly, we will have to rely on the technical
services of others to advise us on the managerial aspects specifically
associated with a mineral exploration company. We do not have any employees who
have professional training or experience in the mining industry. We rely on
independent geological consultants to make recommendations to us on work
programs on our property, to hire appropriately skilled persons on a contract
basis to complete work programs and to supervise, review, and report on such
programs to us.

TERM OF OFFICE

Our director is appointed to hold office until the next annual meeting of our
stockholders or until his successor is elected and qualified, or until he
resigns or is removed in accordance with the provisions of the Delaware Revised
Statutes. Our officer is appointed by our Board of Directors and holds office
until removed by the Board. The Board of Directors has no nominating, auditing
or compensation committees.

SIGNIFICANT EMPLOYEES

We have no significant employees other than our officer and/or director, Mr.
Scott D. Bengfort. Mr. Bengfort currently devotes approximately 5 hours per week
to company matters. After receiving funding per our business plan Mr. Bengfort
intends to devote as much time as the Board of Directors deem necessary to
manage the affairs of the company.

Mr. Bengfort has not 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 limited 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.

Mr. Bengfort has not been convicted in any criminal proceeding (excluding
traffic violations) nor is he subject of any currently pending criminal
proceeding.

We conduct our business through agreements with consultants and arms-length
third parties. Currently, we have no formal consulting agreements in place. We
have a verbal arrangement with the consulting geologist currently conducting the
exploratory work on the Ram Property. We pay the consulting geologist the usual
and customary rates received by geologists performing similar consulting
services.

RESUME

Scott D. Bengfort serves as Director, President, Secretary and Treasurer of
Mondas Minerals Corp. since April 25, 2008 (inception). From March, 2008 to
current, Mr. Bengfort serves as a home consultant with Clayton Homes, a wholly
owned division of Berkshire Hathaway, a publicly traded company. From August
2003 to March, 2008, he served as customer service representative in sales and
leasing at Knudtsent Chevrolet, Post Falls, ID. From March 2002 to August, 2003,
he worked in sales and leasing at Lithia Motors, Spokane, WA. Mr. Bengfort has
over 25 years experience in sales, marketing and business management. Mr.
Bengfort holds a Bachelor of Science degree in Pre-Law and Psychology from the
University of Iowa, Iowa City, Iowa.

CONFLICTS OF INTEREST

We believe that our officer and director may be subject to conflicts of
interest. The conflicts of interest arise from his being unable to devote full
time to our operations.

No policy has been implemented or will be implemented to address conflicts of
interest.

In the event our officer and director resigns from his position, there may be no
one to run our operations and our operations may be suspended or cease entirely.

CODE OF ETHICS

We do not currently have a code of ethics, because we have only limited business
operations and one officer and director, we believe a code of ethics would have
limited utility. We intend to adopt such a code of ethics as our business
operations expand and we have more directors, officers and employees.

ITEM 11. EXECUTIVE COMPENSATION

MANAGEMENT COMPENSATION

Currently, Scott D. Bengfort, our officer and director receives no compensation
for his services during the exploration stage of our business operations. He is
reimbursed for any out-of-pocket expenses that he incurs on our behalf. In the
future, we may approve payment of salaries for officers and directors, but
currently, no such plans have been approved. We do not have any employment
agreements in place with our sole officer and director. We also do not currently
have any benefits, such as health or life insurance, available to our employees.

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 Total
- ------------ ---- ------ ----- ------ ------ ------ -------- ------ -----

Scott D. 2009 0 0 0 0 0 0 0 0
Bengfort, 2008 0 0 0 0 0 0 0 0
President,
CEO, CFO and
Director

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
- ---- ----------- ------------- ----------- ----- ---- --------- ------ ------ ------

Scott D. 0 0 0 0 0 0 0 0 0
Bengfort

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
---- ---- ------ ------ ------------ -------- ------------ -----

Scott D. Bengfort 0 0 0 0 0 0 0

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

On May 13, 2008, a total of 1,500,000 shares of common stock were issued to
Scott D. Bengfort in exchange for cash in the amount of $15,000 or $0.01 per
share. The terms of this stock issuance was as fair to the company, in the
opinion of the board of director, as if it could have been made with an
unaffiliated third party.

Mr. Bengfort currently devotes approximately 5 hours per week to manage the
affairs of the company. He 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 the
officer or director 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 certain information concerning the number of
shares of our common stock owned beneficially as of June 30, 2009 by: (i) each
person (including any group) known to us to own more than five percent (5%) of
any class of our voting securities, (ii) our director, and or (iii) our officer.
Unless otherwise indicated, the stockholder listed possesses sole voting and
investment power with respect to the shares shown.

Amount and Nature Percentage of
of Beneficial Common
Title of Class Name and Address of Beneficial Owner Ownership Stock(1)
- -------------- ------------------------------------ --------- --------

Common Stock Scott D. Bengfort, Director 1,500,000 100%
13983 West Stone Avenue Direct
Post Falls, ID 83854

Common Stock Officer and/or director as a Group 1,500,000 100%

HOLDERS OF MORE THAN 5% OF OUR COMMON STOCK

- ----------
(1) A beneficial owner of a security includes any person who, directly or
indirectly, through any contract, arrangement, understanding, relationship,
or otherwise has or shares: (i) voting power, which includes the power to
vote, or to direct the voting of shares; and (ii) investment power, which
includes the power to dispose or direct the disposition of shares. Certain
shares may be deemed to be beneficially owned by more than one person (if,
for example, persons share the power to vote or the power to dispose of the
shares). In addition, shares are deemed to be beneficially owned by a
person if the person has the right to acquire the shares (for example, upon
exercise of an option) within 60 days of the date as of which the
information is provided. In computing the percentage ownership of any
person, the amount of shares outstanding is deemed to include the amount of
shares beneficially owned by such person (and only such person) by reason
of these acquisition rights. As a result, the percentage of outstanding
shares of any person as shown in this table does not necessarily reflect
the person's actual ownership or voting power with respect to the number of
shares of common stock actually outstanding on June 30, 2009. As of June
30, 2009, there were 1,500,000 shares of our common stock issued and
outstanding.

FUTURE SALES BY EXISTING STOCKHOLDERS

A total of 1,500,000 shares have been issued to the existing stockholder, all of
which are held by our sole officer/director and are restricted securities, as
that term is defined in Rule 144 of the Rules and Regulations of the SEC
promulgated under the Act. Under Rule 144, such shares can be publicly sold,
subject to volume restrictions and certain restrictions on the manner of sale,
commencing six months after their acquisition. Any sale of shares held by the
existing stockholder (after applicable restrictions expire) may have a
depressive effect on the price of our common stock in any market that may
develop, of which there can be no assurance.

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

Scott D. Bengfort is our sole officer/director. We are currently operating out
of the premises of Mr. Bengfort on a rent-free basis for administrative
purposes. There is no written agreement or other material terms or arrangements
relating to said arrangement.

On May 13, 2008, the Company issued a total of 1,500,000 shares of common stock
to Scott D. Bengfort for cash at $0.01 per share for a total of $15,000.

We do not currently have any conflicts of interest by or among our current
officer, director, key employee or advisors. We have not yet formulated a policy
for handling conflicts of interest; however, we intend to do so prior to hiring
any additional employees.

Our director has agreed to provide additional funding that will enable us to
maintain a positive cash flow needed to pay for our current level of operating
expenses over the next twelve months. There are no formal commitments or
arrangements with our director to advance or loan funds. There are no terms
regarding repayment of any loan or capital contribution. As of June 30, 2009 our
director has loaned the company $4,500.

ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES

For the year ended June 30, 2009, the total fees charged to the company for
audit services, including quarterly reviews, were $8,000, for audit-related
services were $Nil, for tax services were $Nil and for other services were $Nil.

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

PART IV

ITEM 15. EXHIBITS

The following exhibits are included with this quarterly filing. Those marked
with an asterisk and required to be filed hereunder, are incorporated by
reference and can be found in their entirety in our registration statement on
form S-1, filed under SEC File Number 333-152330, at the S.E.C. website at
www.sec.gov:

Exhibit No. Description
----------- -----------

3.1 Articles of Incorporation*
3.2 Bylaws*
31.1 Sec. 302 Certification of Principal Executive Officer
31.2 Sec. 302 Certification of Principal Financial Officer
32.1 Sec. 906 Certification of Principal Executive Officer
32.2 Sec. 906 Certification of Principal Financial Officer

SIGNATURES

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

August 10, 2009 Mondas Minerals Corp., Registrant

By: /s/ Scott Bengfort
-----------------------------------------------------
Scott Bengfort, President and Chief Executive Officer

In accordance with the Exchange Act, this report has been signed below by the
following persons on behalf of the registrant and in the capacities and on the
dates indicated.

August 10, 2009 Mondas Minerals Corp., Registrant

By: /s/ Scott Bengfort
-----------------------------------------------------
Scott Bengfort, President, Secretary and Treasurer,
Chief Financial Officer (Principal Executive Officer
and Principal Accounting Officer)