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, 2010

Commission file number 333-152330

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:
None

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

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 September 7, 2010, the registrant had 2,500,000 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 13
Item 1B. Unresolved Staff Comments 17
Item 2. Properties 17
Item 3. Legal Proceedings 17
Item 4. [Removed and Reserved] 17

Part II

Item 5. Market for Common Equity, Related Stockholder Matters and Issuer
Purchases of Equity Securities 18
Item 6. Selected Financial Data 18
Item 7. Management's Discussion and Analysis of Financial Condition and
Results of Operations 19
Item 7A. Quantitative and Qualitative Disclosures About Market Risk 21
Item 8. Financial Statements and Supplementary Data 22
Item 9. Changes in and Disagreements with Accountants on Accounting and
Financial Disclosure 32
Item 9A. Controls and Procedures 33
Item 9B. Other Information 34

Part III

Item 10. Directors, Executive Officers and Corporate Governance 35
Item 11. Executive Compensation 36
Item 12. Security Ownership of Certain Beneficial Owners and Management
and Related Stockholder Matters 38
Item 13. Certain Relationships and Related Transactions, and Director
Independence 39
Item 14. Principal Accounting Fees and Services 40

Part IV

Item 15. Exhibits 41

Signatures 41

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. In January 2010 we raised $25,000 from an
offering of 1,000,000 shares pursuant to a registration statement on Form S-1
filed with the SEC under file number 333-152330 which became effective on
January 5, 2010. The offering was closed on January 27, 2010.

Our financial statements from inception (April 25, 2008) through the year ended
June 30, 2010 report no revenues and a net loss of $43,852. 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.

If we experience a shortage of monies prior to generating revenues 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 consists 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.

Our shares were approved for quotation on the OTCBB under the symbol MNDM on
April 1, 2010. There has been no active trading of our shares and therefore no
high or low bid.

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.

On June 22, 2008, the Company entered into an agreement for services to file and
secure the Ram 1-4 Mineral Claims for $3,500 and $3,500 for an analysis of the
claim. On April 17, 2010, the Company paid $9,500 in exploration costs for Phase
one fieldwork. 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.

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. We
are required to make filings that disclose our intent to do field work and
record it as assessment work with the Bureau of Land Management, Reno, Nevada.
To date all of our filings have been made as required.

[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.

AREA 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.

[MAP SHOWING THE REGIONAL GEOLOGY]

LOCAL GEOLOGY

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.

EXPLORATION

GEOPHYSICS OF THE RAM 1-4 MINERAL CLAIMS

The aeromagnetic results shown in the following figure 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, except the Phase 1 prospecting, mapping and
soil geochemistry that was recently completed by the consulting geologist.
Management is currently evaluating his Phase 1 report which was issued on May
29, 2010.

DRILLING

No drilling appears to have taken place on the area covered by the Ram mineral
claims, except for the Phase 1 activities undertaken by the consulting
geologist.

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. Phase 1 exploration has been completed; a report
on the findings was issued on May 29, 2010. Management is currently evaluating
the results.

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.

RECOMMENDATIONS

The consulting geologist recommened the following three phase exploration
proposal and the cost estimate was 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 Completed in spring 2010. Report
geochemistry. The timeline for issued May 29, 2010.
accomplishing this phase of fieldwork
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 late fall 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 the
exploration stage reaches a level that these are required. 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 are 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 are also 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 AND HAVE ONLY RECENTLY COMMENCED EXPLORATION
ACTIVITIES ON OUR CLAIMS. WE EXPECT TO INCUR OPERATING LOSSES FOR THE
FORESEEABLE FUTURE.

We commenced exploration on the Ram 1-4 Mineral Claims (known as the "Ram
Property") in Spring 2010. We have no way as yet 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 $43,852 for the period from our inception on April
25, 2008 to June 30, 2010, 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. 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.

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, the claim has been staked per Nevada regulations and
Phase 1 of the exploration program has been carried out by the consulting
geologist. However, there is no guarantee that our claim contains any reserves,
resulting in any funds spent on exploration being lost.

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 60% 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 1B. UNRESOLVED STAFF COMMENTS

As a smaller reporting company we are not required to provide the information
covered by this Item.

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. [REMOVED AND RESERVED]

PART II

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

Our shares were approved for quotation on the OTCBB under the symbol MNDM on
April 1, 2010. There has been no active trading of our shares and therefore no
high or 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, 2010.

ITEM 6. SELECTED FINANCIAL DATA

As a smaller reporting company we are not required to provide the information
covered by this Item.

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 $24,888 and $11,964 for the years ended June
30, 2010 and 2009, 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. For the year ended June 30,
2010 these expenses also included $9,500 in exploration costs.

Our net loss from inception (April 25, 2008) through June 30, 2010 was $43,852.

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 next 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 2 and $25,000 on Phase 3
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 $43,500. 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. Phase 3 exploration will require additional financing.

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

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
exploration program. Mr. McLeod completed Phase 1 of the exploration program and
provided his report to us. We are currently reviewing his recommendations. We
anticipate commencing Phase 2 in late fall, 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.

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 following Phase 2.

LIQUIDITY AND CAPITAL RESOURCES

Our cash balance at June 30, 2010 was $9,428 with $13,280 in outstanding
liabilities, of which $13,000 is a loan from our director. If we experience a
shortage of monies we may utilize further 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.

6/30/2010 6/30/2009
--------- ---------

Cash $ 9,428 $ 616
Total Assets $ 9,428 $ 616
Accounts Payable $ 280 $ 80
Loan from director $13,000 $ 4,500
Total Liabilities $13,280 $ 4,580

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 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

As a smaller reporting company we are not required to provide the information
covered by this Item.

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

[ACCOUNTANTS REPORT INSERTS HERE]

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

As of As of
June 30, June 30,
2010 2009
-------- --------

ASSETS

CURRENT ASSETS
Cash $ 9,428 $ 616
-------- --------

TOTAL CURRENT ASSETS 9,428 616
======== ========

LIABILITIES

CURRENT LIABILITIES
Accounts Payable 280 80
Loan from Director 13,000 4,500
-------- --------

TOTAL CURRENT LIABILITIES 13,280 4,580
-------- --------

STOCKHOLDERS' EQUITY

100,000,000 Common Shares Authorized at $0.0001 Par value
2,500,000 and 1,500,000 common shares issued and outstanding
at June 30, 2010 and June 30, 2009, respectively 250 150
Additional Paid in Capital 39,750 14,850
Deficit Accumulated during Exploration Stage (43,852) (18,964)
-------- --------

TOTAL STOCKHOLDERS' EQUITY (3,852) (3,964)
-------- --------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 9,428 $ 616
======== ========

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

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

From Inception on
Year ended Year ended April 25, 2008
June 30, June 30, June 30,
2010 2009 2010
---------- ---------- ----------

REVENUE $ -- $ -- $ --
---------- ---------- ----------
EXPENSES
General and Administrative 15,388 11,964 27,352
Exploration Costs 9,500 -- 13,000
Recognition of an Impairment Loss -- -- 3,500
---------- ---------- ----------
Total Expenses 24,888 11,964 43,852
---------- ---------- ----------
INCOME
Income (Loss) Before Income Taxes (24,888) (11,964) (43,852)
---------- ---------- ----------

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

NET INCOME (LOSS) $ (24,888) $ (11,964) $ (43,852)
========== ========== ==========

BASIC & DILUTED (LOSS) PER COMMON SHARE (0.01) (0.01)
---------- ----------

WEIGHTED AVERAGE NUMBER OF COMMON SHARES 1,921,918 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, 2010

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)
========== ======= ======== ========= =========
Common Shares issued to 26 individules @
$0.025 per share, (par value $0.0001) on
January 27, 2010 1,000,000 100 24,900 25,000
---------- ------- -------- --------- ---------

Net loss for the year ending June 30, 2010 (24,888) (24,888)
---------- ------- -------- --------- ---------

Balance, June 30, 2010 2,500,000 $ 250 $ 39,750 $ (43,852) $ (3,852)
========== ======= ======== ========= =========

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

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

From Inception on
Year ended Year ended April 25, 2008
June 30, June 30, June 30,
2010 2009 2010
-------- -------- --------

OPERATING ACTIVITIES
Net Income (Loss) $(24,888) $(11,964) $(43,852)
Accounts Payable 200 80 280
-------- -------- --------
NET CASH FROM (USED IN) OPERATING ACTIVITIES (24,688) (11,884) (43,572)
======== ======== ========

FINANCING ACTIVITIES
Common Shares Issued to Founders @ $0.01 Per Share -- -- 15,000
Common Shares Issued to Individuals @ $0.025 Per Share 25,000 -- 25,000
Loan from Director 8,500 4,500 13,000
-------- -------- --------
NET CASH FROM FINANCING ACTIVITIES 33,500 4,500 53,000
======== ======== ========

Net Change in Cash 8,812 (7,384) 9,428
CASH AT BEGINNING OF PERIOD 616 8,000 --
-------- -------- --------
CASH AT END OF PERIOD $ 9,428 $ 616 $ 9,428
======== ======== ========

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, 2010

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. The Company adheres to generally
accepted accounting principles in the United States of America.

REVENUE AND COST RECOGNITION

The Company has no current source of revenue; therefore the Company has not yet
adopted any policy regarding the recognition of revenue or cost.

USE OF ESTIMATES

Management uses estimates and assumptions in preparing these financial
statements in accordance with generally accepted accounting principles in the
United States of America. 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.

Mondas Minerals Corp.
(An Exploration Stage Company)
Notes to Financial Statements
June 30, 2010

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.

INCOME TAXES

The Company accounts for its income taxes in accordance with Accounting
Standards Council topic 740, "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

ASC topic 825, "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
ASC topic 260, "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

Mondas Minerals Corp.
(An Exploration Stage Company)
Notes to Financial Statements
June 30, 2010

ADVERTISING AND MARKETING

Advertising costs are expensed as incurred. During the years ended June 30, 2010
and 2009, no advertising costs have been incurred

Office Space

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

NOTE 3 - PROVISION FOR INCOME TAXES

The provision for income taxes for the period ended June 30, 2010 represents the
minimum state income tax expense of the Company, which is not considered
significant.

As of As of
June 30, 2010 June 30, 2009
------------- -------------
Deferred tax assets:
Net operating tax carryforwards $14,910 $ 6,448
Less: Valuation allowance $14,910 $ 6,448
------- -------

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

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

As of June 30, 2010 and 2009 the Company has net operating loss carry forward of
approximately $43,852 and $18,964. Net operating loss carry forward expires
twenty years from the date the loss was incurred. There are no taxes due or
deferred for the State of Delaware.

NOTE 4 - COMMITMENTS AND CONTINGENCIES

LITIGATION

The Company is not presently involved in any litigation.

Mondas Minerals Corp.
(An Exploration Stage Company)
Notes to Financial Statements
June 30, 2010

NOTE 5 - RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS

The Company has evaluated all recent accounting pronouncements and believes that
none of them will have a material effect on the Company's financial statements.

NOTE 6 - 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
$43,852 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 7 - 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.

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 funds are due on demand. The balance due Mr. Bengfort was $13,000 and
$4,500 on June 30, 2010 and 2009, respectively.

Mondas Minerals Corp.
(An Exploration Stage Company)
Notes to Financial Statements
June 30, 2010

NOTE 8 - STOCK TRANSACTIONS

Transactions, other than employees' stock issuance, are in accordance with
paragraph 8 of ASC topic 718. 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 ASC topic 718. 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 9 - STOCKHOLDERS' EQUITY

The stockholders' equity section of the Company contains the following classes
of capital stock as of June 30, 2010:

Common Stock, $ 0.0001 par value: 100,000,000 shares authorized; 2,500,000
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.

On January 27, 2010 the Company issued a total of 1,000,000 shares of common
stock to 26 individuals for cash in the amount of $0.025 per share for a total
of $25,000

As of June 30, 2010 the Company had 2,500,000 shares of common stock issued and
outstanding.

NOTE 10 - PURCHASE OF MINERAL RIGHTS AND IMPAIRMENT

On June 22, 2008, the Company entered into an agreement for services to file and
secure the Ram 1-4 Mineral Claims for $3,500 and $3,500 for an analysis of the
claim. The total cost of the Mineral Rights acquisition was impaired 100% as of
June 30, 2008. On April 17, 2010, the Company paid $9,500 in exploration costs
for Phase one fieldwork. No proven or probable reserves on the property have
been established.

NOTE 11 - SUBSEQUENT EVENTS

In accordance with ASC 855, Subsequent Events, the Company has evaluated
subsequent events since June 30, 2010. During this period, the Company did not
have any material recognizable subsequent events.

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

(a) On August 6, 2009, Board of Directors of the Registrant dismissed Moore &
Associates Chartered, its independent registered public account firm. On the
same date, August 6, 2009, the accounting firm of Seale and Beers, CPAs was
engaged as the Registrant's new independent registered public account firm.

b) During the Company's audit from Inception on April 25, 2008 through June
30,2010, there were no disagreements with Seale and Beers, CPAs, whether or not
resolved, on any matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedure, which, if not resolved to
Seale and Beers, CPAs satisfaction, would have caused it to make reference to
the subject matter of the disagreement in connection with its report on the
Company's financial statements.

ITEM 9A(T). CONTROLS AND PROCEDURES

MANAGEMENT'S ANNUAL REPORT ON INTERNAL CONTROLS AND PROCEDURES

Our internal control over financial reporting is a process designed to provide
reasonable assurance regarding the reliability of financial reporting and the
preparation of financial statements for external purposes of accounting
principles generally accepted in the United States. Because of its inherent
limitations, internal control over financial reporting may not prevent or detect
misstatements. Therefore, even those systems determined to be effective can
provide only reasonable assurance of achieving their control objectives. In
evaluating the effectiveness of our internal control over financial reporting,
our management used the criteria set forth by the Committee of Sponsoring
Organizations of the Treadway Commission ("COSO") in Internal Control -
Integrated Framework.

Based upon our assessment and the COSO criteria, management concluded that our
internal control over financial reporting was not effective as of June 30, 2010
due to a material weakness. A material weakness is a deficiency, or a
combination of deficiencies, in internal control over financial reporting, such
that there is a reasonable possibility that a material misstatement of our
annual or interim financial statements will not be prevented or detected on a
timely basis.

More specifically, the material weakness relates to a lack of sufficient
personnel with appropriate knowledge, experience and training in U.S. GAAP
resulting in a lack of sufficient analysis and documentation of the application
of U.S. GAAP to transactions, including but not limited to accounting for
modification of debt.

Due to our small size, limited financial resources, and the fact that we have
only one officer and director, who has been the only individual involved in our
accounting and financial reporting, there has been no segregation of duties
within the accounting function. This lack of segregation of duties represents a
material weakness.

In efforts to address this material weakness, we are planning to add additional
personnel to the internal accounting operation once we have sufficient revenues
to warrant the expense.

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

CHANGES IN INTERNAL CONTROLS

There were no significant changes in our internal controls over financial
reporting that occurred during the year ended June 30, 2010, that have
materially affected, or are reasonably like to materially affect, our internal
controls over financial reporting.

The Company's management does not expect that the Company's disclosure controls
or the Company's internal controls will prevent all errors and all fraud. A
control system, no matter how well conceived and operated, can provide only
reasonable, not absolute, assurance that the objectives of the control system
are met. Further, the design of a control system must reflect the fact that
there are constraints, and the benefits of controls must be considered relative
to their costs. Because of the inherent limitations in all control systems, no
evaluation of controls can provide absolute assurance that all control issues
and instances of fraud, if any, have been detected. Because of the inherent
limitations in a cost effective control system, misstatements due to error or
fraud may occur and may not be detected.

ITEM 9B. OTHER INFORMATION

None.

PART III

ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

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 61 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 December 2008 to
current Mr. Bengfort has been an automobile salesman for Midway Automotive. From
March, 2008 to December 2008, he served 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, nor are there any current plans to implement
policy 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. 2010 0 0 0 0 0 0 0 0
Bengfort, 2009 0 0 0 0 0 0 0 0
President, 2008 0 0 0 0 0 0 0 0
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 AND
RELATED STOCKHOLDER MATTERS

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 60%
13983 West Stone Avenue Direct
Post Falls, ID 83854

Common Stock Officer and/or director as a Group 1,500,000 60%

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, 2010. As of June
30, 2010, there were 2,500,000 shares of our common stock issued and
outstanding.

A total of 1,500,000 shares have been issued to 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 officer/director (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, AND DIRECTOR
INDEPENDENCE

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, 2010 our
director has loaned the company $13,000.

ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES

For the year ended June 30, 2010, the total fees charged to the company for
audit services, including quarterly reviews, were $8,500, for audit-related
services were $Nil, for tax services were $Nil and for other services were $Nil.

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.

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 SEC 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.

September 7, 2010 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.

September 7, 2010 Mondas Minerals Corp., Registrant

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