As filed with the Securities and Exchange Commission on October 17, 2012

Registration No. 333-182876
================================================================================
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM S-1/A
Amendment No. 2

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

STONE BOAT MINING CORP.
(Exact name of Registrant as Specified in its Charter)

Nevada 1000 Applied for
(State or other jurisdiction of (Primary Standard Industrial (IRS Employer
incorporation or organization) Classification Code Number) Identification No.)

6325 Rincon del Palmito
Chihuahua, Chih., Mexico CP31216
Telephone: 526-14-455-8383
(Address, including zip code, and telephone number, including area code,
of registrant's principal executive Offices)

Business Filings Incorporated
311 S Division Street
Carson City, Nevada, 89703
Telephone 800-981-7183
(Name, address, including zip code, and telephone number, including area code
of Agent for Service

Copies of all communication to:
Diane D. Dalmy
Attorney at Law
8965 W. Cornell Place
Lakewood, Colorado 80227
303.985.9324 (telephone)
303.988.6954 (fax)

Approximate date of commencement of proposed sale to the public: As soon as
declared effective.

If any of the securities being registered on this Form are to be offered on a
delayed or continuous basis pursuant to Rule 415 under the Securities Act of
1933 check the following box. [X]

If this Form is filed to register additional securities for an offering pursuant
to Rule 462(b) under the Securities Act, check the following box and list the
Securities Act registration statement number of the earlier effective
registration statement for the same offering. [ ]

If this Form is a post-effective amendment filed pursuant to Rule 462(c) under
the Securities Act, check the following box and list the Securities Act
registration number of the earlier effective registration statement for the same
offering. [ ]

If this Form is a post-effective amendment filed pursuant to Rule 462(d) under
the Securities Act, check the following box and list the Securities Act
registration number of the earlier effective registration statement for the same
offering. [ ]

If delivery of the prospectus is expected to be made pursuant to Rule 434, check
the following box. [ ]

Indicate by check mark whether the registrant is a large accelerated filer, an
accelerated filer, or a smaller reporting company. See 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)

CALCULATION OF REGISTRATION FEE

========================================================================================================
Title of Each Proposed Maximum Proposed Maximum
Class of Securities Amount to be Offering Price Aggregate Offering Amount of
To be Registered Registered(2) Per Share(1) Price(1) Registration Fee
--------------------------------------------------------------------------------------------------------
Common Stock,
$.001 par value 10,000,000 $ 0.002 $20,000 $2.29*
--------------------------------------------------------------------------------------------------------
Total Registration Fee $20,000 $2.29*
========================================================================================================

(1) Estimated solely for the purpose of determining the registration fee
pursuant to Rule 457(o) promulgated under the Securities Act of 1933, as
amended. Includes stock to be sold by the selling stockholder.
(2) The shares of common stock being registered hereunder are being registered
for resale by a certain selling stockholder named in the prospectus.
* Estimated amount

The registrant hereby amends this registration statement on such date or dates
as may be necessary to delay its effective date until the registrant shall file
a further amendment which specifically states that this registration statement
shall thereafter become effective in accordance with Section 8(a) of the
Securities Act of 1933 or until the registration statement shall become
effective on such date as the Commission, acting pursuant to said Section 8(a),
may determine.
================================================================================

THE INFORMATION IN THIS PROSPECTUS IS NOT COMPLETE AND MAY BE CHANGED. WE MAY
NOT SELL THESE SECURITIES UNTIL THE REGISTRATION STATEMENT FILED WITH THE
SECURITIES AND EXCHANGE COMMISSION IS EFFECTIVE. THIS PROSPECTUS IS NOT AN OFFER
TO SELL THESE SECURITIES AND IT IS NOT SOLICITING AN OFFER TO BUY THESE
SECURITIES IN ANY JURISDICTION WHERE THE OFFER OR SALE IS NOT PERMITTED.

DEALER PROSPECTUS DELIVERY OBLIGATION

Until November 13, 2012 all dealers that effect transactions in these
securities, whether or not participating in this offering, may be required to
deliver a prospectus. This is in addition to the dealers' obligation to deliver
a prospectus when acting as underwriters and with respect to their unsold
allotments or subscriptions.

SUBJECT TO COMPLETION, DATED OCTOBER 16, 2012

PROSPECTUS

STONE BOAT MINING CORP.

10,000,000 SHARES OF COMMON STOCK

The selling stockholder named in this prospectus, namely Adam Whyte, our sole
executive officer and director, is offering 10,000,000 shares of common stock of
Stone Boat Mining Corp. at $0.002 per common share. Mr. Whyte currently holds
100% of our common stock. The Company will not receive any of the proceeds from
the sale of these shares. The shares were acquired by the selling stockholder
directly from us in a private offering of our common stock that was exempt from
registration under the securities laws. The selling stockholder has set an
offering price for these securities of $0.002 per common share and an offering
period of 28 days from the date of this prospectus. This is a fixed price for
the duration of the offering. The selling stockholder, Mr. Whyte, is an
underwriter, within the meaning of Section 2(11) of the Securities Act. Any
broker-dealers or agents that participate in the sale of the common stock or
interests therein are also be deemed to be an "underwriter" within the meaning
of Section 2(11) of the Securities Act. Any discounts, commissions, concessions
or profit earned on any resale of the shares may be underwriting discounts and
commissions under the Securities Act. The selling stockholder, Mr. Whyte, who is
an "underwriter" within the meaning of Section 2(11) of the Securities Act, is
subject to the prospectus delivery requirements of the Securities Act. See
"Security Ownership of Certain Beneficial Owners" for more information about the
selling stockholder. Please note that this registration statement covers the
sale of 41.7% of the Company's outstanding securities. All of the outstanding
shares are currently held by the selling shareholder, Mr. Whyte, the Company's
sole director, officer, stockholder, and promoter, and these shares were
obtained after our date of inception of September 28, 2011.

Our common stock is presently not traded on any market or securities exchange.
The offering price at $0.002 per common share may not reflect the market price
of our shares after the offering.

AN INVESTMENT IN OUR COMMON STOCK INVOLVES A HIGH DEGREE OF RISK. PLEASE REFER
TO "RISK FACTORS" ON PAGE 6 OF THIS PROSPECTUS FOR DETAILS REGARDING THE RISKS
RELATED TO OUR FINANCIAL CONDITION AND BUSINESS MODEL AS WELL AS RISKS GENERALLY
ASSOCIATED WITH THE MINING EXPLORATION INDUSTRY.

NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES
COMMISSION HAS APPROVED OR DISAPPROVED OF THESE SECURITIES OR PASSED UPON THE
ADEQUACY OR ACCURACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A
CRIMINAL OFFENSE.

THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION DOES NOT PASS UPON THE
MERITS OF OR GIVE ITS APPROVAL TO ANY SECURITIES OFFERED OR THE TERMS OF THE
OFFERING, NOR DOES IT PASS UPON THE ACCURACY OR COMPLETENESS OF ANY OFFERING
CIRCULAR OR OTHER SELLING LITERATURE.

THE INFORMATION IN THIS PROSPECTUS IS NOT COMPLETE AND MAY BE CHANGED. WE MAY
NOT SELL THESE SECURITIES UNTIL THE REGISTRATION STATEMENT FILED WITH THE
SECURITIES AND EXCHANGE COMMISSION IS EFFECTIVE. THIS PROSPECTUS IS NOT AN OFFER
TO SELL THESE SECURITIES AND IS NOT SOLICITING AN OFFER TO BUY THESE SECURITIES
IN ANY STATE WHERE THE OFFER OR SALE IS NOT PERMITTED.

Stone Boat Mining Corp. qualifies as an "emerging growth company" as defined in
the Jumpstart our Business Startups Act (the "JOBS Act"), and will therefore be
subject to reduced public company reporting requirements.

Proceeds to the selling stockholder do not include offering costs, including
filing fees, printing costs, legal fees, accounting fees, and transfer agent
fees estimated at $6,000. The Company will pay these expenses.

This Prospectus is dated October 16, 2012.

TABLE OF CONTENTS

Page
----

PROSPECTUS SUMMARY 3

RISK FACTORS 6

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS 12

USE OF PROCEEDS 13

DETERMINATION OF OFFERING PRICE 13

DILUTION 13

SELLING SECURITY HOLDER 13

PLAN OF DISTRIBUTION 14

DESCRIPTION OF SECURITIES TO BE REGISTERED 15

INTERESTS OF NAMED EXPERTS AND COUNSEL 16

INFORMATION WITH RESPECT TO THE REGISTRANT 16

DESCRIPTION OF BUSINESS 16

MANAGEMENTS DISCUSSION AND ANALYSIS 31

DIRECTORS AND EXECUTIVE OFFICERS 33

EXECUTIVE COMPENSATION AND CORPORATE GOVERNANCE 33

FINANCIAL STATEMENTS F-1

SUMMARY INFORMATION

The following summary highlights some of the information in this prospectus. It
may not contain all of the information that is important to you. To understand
this offering fully, it is important that you read the entire prospectus
carefully, including the "RISK FACTORS" and our financial statements and the
notes accompanying the financial statements that appear elsewhere in this
prospectus. Unless otherwise specifically noted, the terms "Company," "we," "us"
or "our" refers to STONE BOAT MINING CORP.

CORPORATE BACKGROUND AND INFORMATION

STONE BOAT MINING CORP.

Stone Boat Mining Corp. was organized under the laws of the State of Nevada on
September 28, 2011, to explore mineral properties in North America.

Stone Boat Mining Corp. is engaged in the exploration for copper,-molybdenum and
other minerals. The Company has acquired one MTO cell claim totaling 412.508
hectares. It is located near Nimpkish Lake, Northern Vancouver Island, about 300
kilometers northwest of Vancouver, B.C., Canada. We refer to these mining claims
as the Red Streak Property. This property is without known reserves.

We are an exploration stage company and we have not realized any revenues to
date. We do not have sufficient capital to enable us to commence and complete
our exploration program. We will require financing in order to conduct the
exploration program described in the section entitled, "Business of the Issuer."
Our auditors have issued a going concern opinion, raising substantial doubt
about Stone Boat Mining Corp.'s financial prospects and the Company's ability to
continue as a going concern.

We are not a "blank check company," as we do not intend to participate in a
reverse acquisition or merger transaction. Securities laws define a "blank check
company" as a development stage company that has no specific business plan or
purpose or has indicated that its business plan is to engage in a merger or
acquisition with an unidentified company or companies, or other entity or
person.

With its current assets, the Company can remain operational through 2012 if it
does not complete Phase 1 of its program and only pays the government fees to
keep the claims valid. However, the Company plans to raise the capital necessary
to fund our business through a private placement and public offering of our
common stock. The Company intends to work directly with private placees once
this registration statement is declared effective. The Company anticipates that
they will have either a private placement or additional funding from its founder
by the end of 2012 in order to conducts its operations.

Our offices are located at: 6325 Rincon del Palmito, Chihuahua, Chih., Mexico
CP31216

THE OFFERING

Securities offered 10,000,000 shares of common stock

Selling stockholder Adam Whyte

Offering price $0.002 per share

Shares outstanding prior to
the offering 24,000,000 shares of common stock

Shares to be outstanding
after the offering 24,000,000 shares of common stock

Use of proceeds The Company will not receive any proceeds
from the sale of the common stock by the
selling stockholder.

SUMMARY FINANCIAL INFORMATION

The following tables set forth the summary financial information for the
Company. You should read this information together with the financial statements
and the notes thereto appearing elsewhere in this prospectus and the information
under "Plan of Operation."

CONSOLIDATED STATEMENTS OF INCOME

Period Ended
May 31, 2012
------------

Revenues $ 0
Operating expenses $ 20,430
Net loss from operations $ 20,430
Net loss before taxes $ 20,430
Loss per share - basic and diluted $ 0.000
Weighted average shares outstanding basic 16,175,342

BALANCE SHEET DATA

At May 31, 2012
---------------

Cash and cash equivalents $ 9,570
Total current assets $ 9,570
Total assets $ 9,570
Common tock $ 24,000
Additional paid-in capital $ 6,000
Deficit accumulated during exploration period $ (20,430)
Total stockholders' equity $ 9,570
Total liabilities $ 0

RISK FACTORS

Investing in our securities involves a high degree of risk. In addition to the
other information contained in this registration statement, prospective
purchasers of the securities offered hereby should consider carefully the
following factors in evaluating the Company and its business.

The securities we are offering through this registration statement are
speculative by nature and involve an extremely high degree of risk and should be
purchased only by persons who can afford to lose their entire investment. We
also caution prospective investors that the following risk factors could cause
our actual future operating results to differ materially from those expressed in
any forward looking statements, oral, written, made by or on behalf of us. In
assessing these risks, we suggest that you also refer to other information
contained in this registration statement, including our financial statements and
related notes.

RISKS RELATED TO OUR COMPANY AND OUR INDUSTRY

THE COMPANY HAS NEVER EARNED A PROFIT AND WE ARE CURRENTLY OPERATING UNDER A NET
LOSS. THERE IS NO GUARANTEE THAT WE WILL EVER EARN A PROFIT.

From our inception to the period ended on May 31, 2012 the Company has not
generated any revenue. Rather, the Company incurred a net loss of $20,430 from
inception (September 28, 2011) through May 31, 2012. The Company does not
currently have any revenue producing operations. The Company is currently not
operating profitably, and it should be anticipated that it will operate at a
loss at least until such time when the production stage is achieved, if
production is, in fact, ever achieved.

IF WE DO NOT OBTAIN ADDITIONAL FINANCING, OUR BUSINESS WILL FAIL.

We will need to obtain additional financing in order to complete our business
plan. We currently do not have any operations and we have no income. We are an
exploration stage company and we have not realized any revenues to date. We do
not have sufficient capital to enable us to commence and complete our
exploration program and based on our current operating plan, we do not expect to
generate revenue that is sufficient to cover our expenses for at least the next
twelve months. We will require financing in order to conduct the exploration
program described in the section entitled, "Business of the Issuer." We need to
raise $18,550 to complete the first phase of our exploration program and
$278,550 to complete all three phases of our program. We do not have any
arrangements for financing and we may not be able to find such financing if
required. We will need to obtain additional financing to operate our business
for the next twelve months, and if we do not our business will fail. We will
raise the capital necessary to fund our business through a Prospectus and public
offering of our common stock. Obtaining additional financing would be subject to
a number of factors, including investor acceptance of mineral claims and
investor sentiment. These factors may adversely affect the timing, amount,
terms, or conditions of any financing that we may obtain or make any additional
financing unavailable to us.

OUR COMPANY WAS RECENTLY FORMED, AND WE HAVE NOT PROVEN THAT WE CAN GENERATE A
PROFIT. IF WE FAIL TO GENERATE INCOME AND ACHIEVE PROFITABILITY AN INVESTMENT IN
OUR SECURITIES MAY BE WORTHLESS.

We have no operating history and have not proved we can operate successfully. We
face all of the risks inherent in a new business. If we fail, your investment in
our common stock will become worthless. From inception to the period ended on
May 31, 2012, we incurred a net loss of $20,430 and did not earn any revenue.
The Company does not currently have any revenue producing operations.

WE HAVE NO OPERATING HISTORY. THERE CAN BE NO ASSURANCE THAT WE WILL BE
SUCCESSFUL IN OUR MINERAL EXPLORATION ACTIVITIES.

The Company has no history of operations. As a result of our brief operating
history, there can be no assurance that that we will be successful exploring for
copper, molybdenum or other minerals. Our future performance will depend upon
our management and its ability to locate and negotiate additional exploration
opportunities in which we can participate. There can be no assurance that we
will be successful in these efforts. Our inability to locate additional
opportunities, to hire additional management and other personnel, or to enhance
our management systems, could have a material adverse effect on our results of
operations. There can be no assurance that the Company's operations will be
profitable.

WE ARE CONTROLLED BY MR. ADAM WHYTE, OUR SOLE EXECUTIVE OFFICER AND DIRECTOR,
AND, AS SUCH, YOU MAY HAVE NO EFFECTIVE VOICE IN OUR MANAGEMENT.

Upon the completion of this offering, Mr. Adam Whyte, our sole Executive Officer
Director, will beneficially own approximately 58.3% of our issued and
outstanding common stock. Mr. Whyte will be a majority shareholder over all
matters requiring stockholder approval, including the possible election of
additional directors and approval of significant corporate transactions. If you
purchase shares of our common stock, you may have no effective voice in our
management.

WE ARE SOLELY GOVERNED BY MR. ADAM WHYTE, OUR SOLE EXECUTIVE OFFICER AND
DIRECTOR, AND, AS SUCH, THERE MAY BE SIGNIFICANT RISK TO THE COMPANY OF A
CONFLICT OF INTEREST.

Mr. Adam Whyte, our sole Executive Officer and Director, makes decisions such as
the approval of related party transactions, the compensation of Executive
Officers, and the overseeing of the accounting function. There will be no
segregation of executive duties and there may not be effective disclosure and
accounting controls to comply with applicable laws and regulations, which could
result in fines, penalties and assessments against us. Accordingly, the inherent
controls that arise from the segregation of executive duties may not prevail. In
addition, Mr. Whyte will exercise full control over all matters that typically
require the approval of a Board of Directors. Mr. Whyte's actions are not
subject to the review and approval of a Board of Directors and, as such, there
may be significant risk to the Company of a conflict of interest.

Our sole Executive Officer and Director exercises control over all matters
requiring stockholder approval including the election of Directors and the
approval of significant corporate transactions. Insofar as Mr. Adam Whyte makes
all decisions as to which projects the Company undertakes, there is a risk of a
conflict of interest arising between the duties of Mr. Whyte in his role as our
sole Executive Officer and his own personal financial and business interests in
other business ventures distinct and separate from the interests of the Company.
His personal interests may not, during the ordinary course of business, coincide
with the interests of the stockholders and, in the absence of the effective
segregation of such duties, there is a risk of a conflict of interest. We have
not voluntarily implemented various corporate governance measures. As such,
stockholders have limited protections against the transactions implemented by
Mr. Whyte, conflicts of interest and similar matters.

We have not adopted corporate governance measures such as an audit or other
independent committees as we presently only have one independent director.
Stockholders should bear in mind our current lack of corporate governance
measures in formulating their investment decisions.

BECAUSE ADAM WHYTE, OUR SOLE EXECUTIVE OFFICER AND DIRECTOR, HAS OTHER BUSINESS
INTERESTS, HE MAY NOT BE ABLE OR WILLING TO DEVOTE A SUFFICIENT AMOUNT OF TIME
TO OUR BUSINESS OPERATIONS, WHICH MAY CAUSE OUR BUSINESS TO FAIL.

It is possible that the demands on Mr. Adam Whyte, our sole Executive Officer
and Director, 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. Mr. Whyte will devote fewer than 12-15 hours per month or 3-4 hours
per week to the affairs of the Company. In addition, Mr. Whyte may not possess
sufficient time to manage our business if the demands of managing our business
increased substantially.

ADAM WHYTE, OUR SOLE EXECUTIVE OFFICER AND DIRECTOR, LACKS TECHNICAL TRAINING IN
MINERAL EXPLORATION OR MINING, AND MAY NOT BE FULLY AWARE OF THE REQUIREMENTS
WITHIN THE MINING INDUSTRY.

The management of the Company, our sole executive officer and director, Mr.
Whyte, despite being in the mining industry, has no technical training in
minerals exploration or mining, or technical training in exploring for,
starting, or operating a mine, and that with no direct training in these areas,
and as such, may not be fully aware of many of the specific requirements related
to working within the mining industry.

THE IMPRECISION OF MINERAL DEPOSIT ESTIMATES MAY PROVE ANY RESOURCE CALCULATIONS
THAT WE MAKE TO BE UNRELIABLE.

Mineral deposit estimates and related databases are expressions of judgment
based on knowledge, mining experience, and analysis of drilling results and
industry practices. Valid estimates made at a given time may significantly
change when new information becomes available. By their nature, mineral deposit
estimates are imprecise and depend upon statistical inferences, which may
ultimately prove unreliable. Mineral deposit estimates included here, if any,
have not been adjusted in consideration of these risks and, therefore, no
assurances can be given that any mineral deposit estimate will ultimately be
reclassified as reserves. If the Company's exploration program locates a mineral
deposit, there can be no assurances that any of such deposits will ever be
classified as reserves.

MR. ADAM WHYTE HAS NOT PHYSICALLY INSPECTED THE SUBJECT PROPERTY AND DOES NOT
HAVE CURRENT PLANS TO VISIT THE PROPERTY.

Mr. Whyte has not visited the property, but has relied on property reports and
other consultants who are knowledgeable with the property. With respect to the
further exploration of the property, Mr. Whyte does not have any current plans
to visit the property but instead intends to hire various professionals and
consultants to further explore the property as this work is required. As the
Company will rely on third parties, the costs of exploration may be higher than
if the Company and its employees engaged in the work themselves. By not visiting
the property directly, Mr. Whyte will be unable to personally verify the
information and results that are presented by third parties.

WE ARE SENSITIVE TO FLUCTUATIONS IN THE PRICE OF MINERALS, WHICH IS BEYOND OUR
CONTROL. THE PRICE OF COPPER AND MOLYBDENUM IS VOLATILE AND PRICE CHANGES ARE
BEYOND OUR CONTROL.

The price of copper, molybdenum and other minerals can fluctuate. The prices
these minerals have been and will continue to be affected by numerous factors
beyond the Company's control. Factors that affect the price of these minerals
include the demand from consumers for products that use copper and molybdenum,
economic conditions, over supply from secondary sources and costs of production.
Price volatility and downward price pressure, which can lead to lower prices,
could have a material adverse effect on the costs or the viability of our
projects.

MINERAL EXPLORATION AND PROSPECTING IS A HIGHLY COMPETITIVE AND SPECULATIVE
BUSINESS AND WE MAY NOT BE SUCCESSFUL IN SEEKING AVAILABLE OPPORTUNITIES.

The process of mineral exploration and prospecting is a highly competitive and
speculative business. Individuals are not subject to onerous accreditation and
licensing requirements prior to beginning mineral exploration and prospecting
activities. As such, the company, in seeking available opportunities, will
compete with numerous individuals and companies, including established,
multi-national companies that have more experience and resources than the
Company. The exact number of active competitors at any one time is heavily
dependant on current economic conditions; however, statistics provided by the
AEBC (The Association for Mineral Exploration, British Columbia), state that
approximately 1000 mining companies operate in BC. Each one of these companies
can be considered to be in competition with our company for mineral resources in
British Columbia. Moreover, the Government of Canada at,
http://mmsd1.mMr.nrcan.gc.ca/mmsd/exploration/default_e.asp, reports that in
2006, CDN $140.6 billion was spent in mineral exploration activities in British
Columbia.

Because we may not have the financial and managerial resources to compete with
other companies, we may not be successful in our efforts to acquire projects of
value, which may, ultimately, become productive. However, while we compete with
other exploration companies for the rights to explore other claims, there is no
competition for the exploration or removal of mineral from our claims from other
companies, as we have no agreements or obligations that limit our right to
explore or remove minerals from our claims.

COMPLIANCE WITH ENVIRONMENTAL CONSIDERATIONS AND PERMITTING COULD HAVE A
MATERIAL ADVERSE EFFECT ON THE COSTS OR THE VIABILITY OF OUR PROJECTS. THE
HISTORICAL TREND TOWARD STRICTER ENVIRONMENTAL REGULATION MAY CONTINUE, AND, AS
SUCH, REPRESENTS AN UNKNOWN FACTOR IN OUR PLANNING PROCESSES.

All mining is regulated by the government agencies at the Federal and Provincial
levels of government in Canada. Compliance with such regulation has a material
effect on the economics of our operations and the timing of project development.
Our primary regulatory costs have been related to obtaining licenses and permits
from government agencies before the commencement of mining activities. An
environmental impact study that must be obtained on each property in order to
obtain governmental approval to mine on the properties is also a part of the
overall operating costs of a mining company.

The possibility of more stringent regulations exists in the areas of worker
health and safety, the dispositions of wastes, the decommissioning and
reclamation of mining and milling sites and other environmental matters, each of
which could have an adverse material effect on the costs or the viability of a
particular project. Compliance with environmental considerations and permitting
could have a material adverse effect on the costs or the viability of our
projects.

MINING AND EXPLORATION ACTIVITIES ARE SUBJECT TO EXTENSIVE REGULATION BY FEDERAL
AND PROVINCIAL GOVERNMENTS IN CANADA. ANY FUTURE CHANGES IN GOVERNMENTS,
REGULATIONS AND POLICIES, COULD ADVERSELY AFFECT THE COMPANY'S RESULTS OF
OPERATIONS FOR A PARTICULAR PERIOD AND ITS LONG-TERM BUSINESS PROSPECTS.

Mining and exploration activities are subject to extensive regulation by
government. Such regulation relates to production, development, exploration,
exports, taxes and royalties, labor standards, occupational health, waste
disposal, protection and remediation of the environment, mine and mill
reclamation, mine and mill safety, toxic substances and other matters.
Compliance with such laws and regulations has increased the costs of exploring,
drilling, developing, constructing, operating mines and other facilities.
Furthermore, future changes in governments, regulations and policies, could
adversely affect the Company's results of operations in a particular period and
its long-term business prospects.

The development of mines and related facilities is contingent upon governmental
approvals, which are complex and time consuming to obtain and which, depending
upon the location of the project, involve various governmental agencies. The
duration and success of such approvals are subject to many variables outside the
Company's control.

RISKS RELATED TO OUR FINANCIAL CONDITION AND BUSINESS MODEL

THE COMPANY HAS NOT PAID ANY CASH DIVIDENDS ON ITS SHARES OF COMMON STOCK AND
DOES NOT ANTICIPATE PAYING ANY SUCH DIVIDENDS IN THE FORESEEABLE FUTURE.
ACCORDINGLY, INVESTORS WILL ONLY SEE A RETURN ON THEIR INVESTMENTS IF THE VALUE
OF THE SHARES APPRECIATES.

Payment of future dividends, if any, will depend on earnings and capital
requirements of the Company, the Company's debt facilities and other factors
considered appropriate by the Company's Board of Directors. To date, the Company
has not paid any cash dividends on the Company's Common Stock and does not
anticipate paying any such dividends in the foreseeable future. Accordingly,
investors will only see a return on their investments if the value of the
Company's shares appreciates.

IF WE DO NOT CONDUCT MINERAL EXPLORATION ON OUR MINERAL CLAIMS AND KEEP THE
CLAIMS IN GOOD STANDING, THEN OUR RIGHT TO THE MINERAL CLAIMS WILL LAPSE AND WE
WILL LOSE EVERYTHING THAT WE HAVE INVESTED AND EXPENDED TOWARDS THESE CLAIMS.

We must complete mineral exploration work on our mineral claims and keep the
claims in good standing. If we do not fulfill our work commitment requirements
on our claims or pay the fee to keep the claims in good standing, then our right
to the claims will lapse and we will lose all interest that we have in these
mineral claims. We are obligated to pay close to $1,500 in lieu of work to the
British Columbia Provincial government on an annual basis to keep our claims in
good standing. Our claims are due on November 10, 2012.

BECAUSE OF OUR LIMITED RESOURCES AND THE SPECULATIVE NATURE OF OUR BUSINESS,
THERE IS A SUBSTANTIAL DOUBT AS TO OUR ABILITY TO OPERATE AS A GOING CONCERN.

The report of our independent auditors, on our audited financial statements for
the audited period ended May 31, 2012 indicates that there are a number of
factors that raise substantial doubt about our ability to continue as a going
concern. Our continued operations are dependent on our ability to obtain
financing and upon our ability to achieve future profitable operations from the
development of our mineral properties. If we are not able to continue as a going
concern, it is likely investors will lose their investment.

RISKS RELATED TO THIS OFFERING AND OUR STOCK

WE WILL NEED TO RAISE ADDITIONAL CAPITAL, IN ADDITION TO THE FINANCING AS
REPORTED IN THIS REGISTRATION STATEMENT. IN SO DOING, WE WILL FURTHER DILUTE THE
TOTAL NUMBER OF SHARES ISSUED AND OUTSTANDING. THERE CAN BE NO ASSURANCE THAT
THIS ADDITIONAL CAPITAL WILL BE AVAILABLE OR ACCESSIBLE BY US.

Stone Boat Mining Corp. will need to raise additional capital, in addition to
the financing as reported in this registration statement, by issuing additional
shares of common stock and will, thereby, increase the number of common shares
outstanding. There can be no assurance that this additional capital will be
available to meet these continuing exploration and development costs or, if the
capital is available, that it will be available on terms acceptable to the
Company. If the Company is unable to obtain financing in the amounts and on
terms deemed acceptable, the business and future success of the Company will

almost certainly be adversely affected. If we are able to raise additional
capital, we cannot be assured that it will be on terms that enhance the value of
our common shares.

IF WE COMPLETE FINANCING THROUGH THE SALE OF ADDITIONAL SHARES OF OUR COMMON
STOCK IN THE FUTURE, THEN OUR STOCKHOLDERS WILL EXPERIENCE DILUTION.

The most likely source of future financing presently available to us is through
the sale of shares of our common stock. Any sale of common stock will result in
dilution of equity ownership to stockholders. This means that if we sell shares
of our common stock, more shares will be outstanding and each stockholder will
own a smaller percentage of the shares then outstanding. To raise additional
capital we may have to issue additional shares, which may substantially dilute
the interests of stockholders. Alternatively, we may have to borrow large sums,
and assume debt obligations that require us to make substantial interest and
capital payments.

THERE IS NO MARKET FOR OUR COMMON STOCK, WHICH LIMITS OUR STOCKHOLDERS ABILITY
TO RESELL THEIR SHARES OR PLEDGE THEM AS COLLATERAL.

There is currently no public market for our shares, and we cannot assure you
that a market for our stock will develop. Consequently, investors may not be
able to use their shares for collateral or loans and may not be able to
liquidate at a suitable price in the event of an emergency. In addition,
investors may not be able to resell their shares at or above the price they paid
for them or may not be able to sell their shares at all.

IF A PUBLIC MARKET FOR OUR STOCK IS DEVELOPED, FUTURE SALES OF SHARES COULD
NEGATIVELY AFFECT THE MARKET PRICE OF OUR COMMON STOCK.

If a public market for our stock is developed, then sales of Common Stock in the
public market could adversely affect the market price of our Common Stock. There
are at present 24,000,000 shares of Common Stock issued and outstanding.

OUR STOCK IS A PENNY STOCK. TRADING OF OUR STOCK MAY BE RESTRICTED BY THE SEC'S
PENNY STOCK REGULATIONS AND THE NASD'S SALES PRACTICE REQUIREMENTS, WHICH MAY
LIMIT A STOCKHOLDER'S ABILITY TO BUY AND SELL OUR STOCK.

The Company's common shares may be deemed to be "penny stock" as that term is
defined in Regulation Section "240.3a51-1" of the Securities and Exchange
Commission (the "SEC"). Penny stocks are stocks: (a) with a price of less than
U.S. $5.00 per share; (b) that are not traded on a "recognized" national
exchange; (c) whose prices are not quoted on the NASDAQ automated quotation
system (NASDAQ - where listed stocks must still meet requirement (a) above); or
(d) in issuers with net tangible assets of less than U.S. $2,000,000 (if the
issuer has been in continuous operation for at least three years) or U.S.
$5,000,000 (if in continuous operation for less than three years), or with
average revenues of less than U.S. $6,000,000 for the last three years.

Section "15(g)" of the United States Securities Exchange Act of 1934, as
amended, and Regulation Section "240.15g(c)2" of the SEC require broker dealers
dealing in penny stocks to provide potential investors with a document
disclosing the risks of penny stocks and to obtain a manually signed and dated
written receipt of the document before effecting any transaction in a penny
stock for the investor's account. Potential investors in the Company's common
shares are urged to obtain and read such disclosure carefully before purchasing
any common shares that are deemed to be "penny stock".

Moreover, Regulation Section "240.15g-9" of the SEC requires broker dealers in
penny stocks to approve the account of any investor for transactions in such
stocks before selling any penny stock to that investor. This procedure requires

the broker dealer to: (a) obtain from the investor information concerning his or
her financial situation, investment experience and investment objectives; (b)
reasonably determine, based on that information, that transactions in penny
stocks are suitable for the investor and that the investor has sufficient
knowledge and experience as to be reasonably capable of evaluating the risks of
penny stock transactions; (c) provide the investor with a written statement
setting forth the basis on which the broker dealer made the determination in
(ii) above; and (d) receive a signed and dated copy of such statement from the
investor confirming that it accurately reflects the investor's financial
situation, investment experience and investment objectives. Compliance with
these requirements may make it more difficult for investors in the Company's
common shares to resell their common shares to third parties or to otherwise
dispose them of. Stockholders should be aware that, according to Securities and
Exchange Commission Release No. 34-29093, dated April 17, 1991, the market for
penny stocks has suffered in recent years from patterns of fraud and abuse. Such
patterns include:

(i) control of the market for the security by one or a few broker-dealers
that are often related to the promoter or issuer

(ii) manipulation of prices through prearranged matching of purchases and
sales and false and misleading press releases

(iii) boiler room practices involving high-pressure sales tactics and
unrealistic price projections by inexperienced sales persons

(iv) excessive and undisclosed bid-ask differential and markups by selling
broker-dealers

(v) the wholesale dumping of the same securities by promoters and
broker-dealers after prices have been manipulated to a desired level,
along with the resulting inevitable collapse of those prices and with
consequent investor losses

Our management is aware of the abuses that have occurred historically in the
penny stock market. Although we do not expect to be in a position to dictate the
behavior of the market or of broker-dealers who participate in the market,
management will strive within the confines of practical limitations to prevent
the described patterns from being established with respect to our securities.

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

This prospectus contains forward-looking statements that involve risks and
uncertainties. Forward-looking statements in this prospectus include, among
others, statements regarding our capital needs, business plans and expectations.
Such forward-looking statements involve assumptions, risks and uncertainties
regarding, among others, the success of our business plan, availability of
funds, government regulations, operating costs, our ability to achieve
significant revenues, our business model and products and other factors. Any
statements contained herein that are not statements of historical facts may be
deemed to be forward-looking statements. In some cases, you can identify
forward-looking statements by terminology such as "may", "will", "should",
"expect", "plan", "intend", "anticipate", "believe", "estimate", "predict",
"potential" or "continue", the negative of such terms or other comparable
terminology. These forward-looking statements address, among others, such issues
as:

* the amount and nature of future exploration, development and other
capital expenditures,
* mining claims to be drilled,
* future earnings and cash flow,
* development projects,
* exploration prospects,

* drilling prospects,
* development and drilling potential,
* business strategy,
* expansion and growth of our business and operations, and
* our estimated financial information.

In evaluating these statements, we believe that it is important that you
consider various factors, including the assumptions, risks and uncertainties
outlined in this prospectus under "Risk Factors". These factors or any of them
may cause our actual results to differ materially from any forward-looking
statement made in this prospectus. While these forward-looking statements, and
any assumptions upon which they are based, are made in good faith and reflect
our current judgment regarding future events, our actual results will likely
vary, sometimes materially, from any estimates, predictions, projections,
assumptions or other future performance suggested herein. The forward-looking
statements in this prospectus are made as of the date of this prospectus and we
do not intend or undertake to update any of the forward-looking statements to
conform these statements to actual results, except as required by applicable
law, including the securities laws of the United States.

USE OF PROCEEDS TO ISSUER

We will not receive any proceeds from the sale of the common stock offered
through this prospectus by the selling stockholder.

DETERMINATION OF OFFERING PRICE

The shares of common stock covered by this prospectus will be offered for sale
at a fixed price of $0.002 per share. As the Company has yet to generate any
revenue, and has not begun business operations, the Company has deemed $0.002 to
be an appropriate offering price.

DILUTION

The common stock to be sold by the selling stockholder is common stock that is
currently issued and outstanding. Accordingly, there will be no dilution to
stockholders.

SELLING SECURITY HOLDER

Adam Whyte Chief Executive Officer, Chief Financial
Officer,President, Secretary, Treasurer and
Director (Principal Executive Officer and
Principal Accounting Officer)

Securities offered 10,000,000 shares of common stock

Selling stockholder(s) Adam Whyte

Offering price $0.002 per share

Shares outstanding prior
to the offering 24,000,000 shares of common stock

Shares to be outstanding
after the offering 24,000,000 shares of common stock

Percentage of the class to be
owned by selling stockholder
after the offering 58.3%

Use of proceeds Stone Boat Mining Corp. will not receive any
proceeds from the sale of the common stock by
the selling stockholder.

PLAN OF DISTRIBUTION

The selling stockholder or their donees, pledges, transferees or other
successors-in-interest selling shares received after the date of this prospectus
from a selling stockholder as a gift, pledge, distribution or otherwise, may,
from time to time, sell any or all of their shares of common stock on any stock
exchange, market or trading facility on which the shares are traded or in
private transactions. These sales will be at $0.002 for an offering period of 28
days from the date of this prospectus. The Company has not yet applied for
quotation on any stock exchange, market, or trading facility. The selling
stockholder may use any one or more of the following methods when selling
shares:

* ordinary brokerage transactions and transactions in which the
broker-dealer solicits purchasers;
* block trades in which the broker-dealer will attempt to sell the
shares as agent but may position and resell a portion of the block as
principal to facilitate the transaction;
* purchases by a broker-dealer as principal and resale by the
broker-dealer for its own account;
* an exchange distribution following the rules of the applicable
exchange;
* privately negotiated transactions;
* short sales that are not violations of the laws and regulations of any
state of the United States;
* through the writing or settlement of options or other hedging
transactions, whether through an options exchange or otherwise;
* broker-dealers may agree with the selling stockholder to sell a
specified number of such shares at par value $0.001; and
* a combination of any such methods of sale or any other lawful method.

The selling stockholder may, from time to time, pledge or grant a security
interest in some or all of the shares of common stock owned by them and, if they
default in the performance of their secured obligations, the pledgees or secured
parties may offer and sell the shares of common stock, from time to time, under
this prospectus, or under an amendment to this prospectus under Rule 424(b)(3)
or other applicable provision of the Securities Act amending the list of selling
stockholder to include the pledgee, transferee or other successors-in-interest
as selling stockholder under this prospectus. The selling stockholder also may
transfer the shares of common stock in other circumstances, in which case the
transferees, pledgees or other successors-in-interest will be the selling
beneficial owners for purposes of this prospectus.

In connection with the sale of our common stock or interests therein, the
selling stockholder may enter into hedging transactions with broker-dealers or
other financial institutions, which may in turn engage in short sales of the
common stock in the course of hedging the positions they assume. The selling
stockholder also may sell shares of our common stock short and deliver these
securities to close out their short positions, or loan or pledge the common
stock to broker-dealers that in turn may sell these securities. The selling
stockholder also may enter into option or other transactions with broker-dealers
or other financial institutions for the creation of one or more derivative
securities which require the delivery to the broker-dealer or other financial
institution of shares offered by this prospectus, which shares the broker-dealer
or other financial institution may resell pursuant to this prospectus (as
supplemented or amended to reflect the transaction).

The aggregate proceeds to the selling stockholder from the sale of the common
stock offered by them will be the purchase price of the common stock less
discounts or commissions, if any. A selling stockholder reserves the right to
accept and, together with its agents from time to time, to reject, in whole or
in part, any proposed purchase of common stock to be made directly or through
agents. We will not receive any of the proceeds from this offering.

The selling stockholder, Mr. Whyte, and any underwriters, broker-dealers or
agents that participate in the sale of the common stock or interests therein may
be "underwriters" within the meaning of Section 2(11) of the Securities Act. Any
discounts, commissions, concessions or profit they earn on any resale of the
shares may be underwriting discounts and commissions under the Securities Act. A
selling stockholder that is an "underwriter" within the meaning of Section 2(11)
of the Securities Act will be subject to the prospectus delivery requirements of
the Securities Act.

To the extent required, the shares of our common stock to be sold, the names of
the selling stockholder, the respective purchase prices and public offering
prices, the names of any agents, dealers or underwriters, and any applicable
commissions or discounts with respect to a particular offer, will be set forth
in an accompanying prospectus supplement or, if appropriate, a post-effective
amendment to the registration statement that includes this prospectus.

REGULATION M

We plan to advise the selling stockholder that the anti-manipulation rules of
Regulation M under the Exchange Act may apply to sales of shares in the market
and to the activities of the selling security holders and their affiliates.
Regulation M under the Exchange Act prohibits, with certain exceptions,
participants in a distribution from bidding for, or purchasing for an account in
which the participant has a beneficial interest, any of the securities that are
the subject of the distribution. Accordingly, the selling stockholder are not
permitted to cover short sales by purchasing shares while the distribution of it
taking place. Regulation M also governs bids and purchases made in order to
stabilize the price of a security in connection with a distribution of the
security. In addition, we will make copies of this prospectus available to the
selling stockholder for the purpose of satisfying the prospectus delivery
requirements of the Securities Act.

STATE SECURITIES LAWS

Under the securities laws of some states, the shares may be sold in such states
only through registered or licensed brokers or dealers. In addition, in some
states the common shares may not be sold unless the shares have been registered
or qualified for sale in the state or an exemption from registration or
qualification is available and is complied with.

EXPENSES OF REGISTRATION

We are bearing substantially all costs relating to the registration of the
shares of common stock offered hereby. These expenses are estimated to be
$6,000, including, but not limited to, legal, accounting, printing and mailing
fees. The selling stockholder, however, will pay any commissions or other fees
payable to brokers or dealers in connection with any sale of such shares common
stock.

DESCRIPTION OF SECURITIES TO BE REGISTERED

The authorized capital stock of the Company at the end of the audited period on
May 31, 2012, consists of 24,000,000 shares of common stock, par value $0.001
per share, of which there are 24,000,000 shares issued and outstanding. The
following summarizes provisions of the Company's capital stock.

COMMON STOCK

Holders of shares of common stock are entitled to one vote for each share on all
matters to be voted on by the stockholders; have no preemptive rights; have no
conversion or redemption rights or sinking fund; do not have cumulative voting
rights; and share ratably in dividends, if any, as may be declared from time to
time by the Board of Directors in its discretion from funds legally available
therefore. In the event of a liquidation, dissolution or winding up of the

company, the holders of common stock are entitled to share pro rata all assets
remaining after payment in full of all liabilities. All of the outstanding
shares of common stock are fully paid and non-assessable.

DIVIDENDS

Dividends, if any, will be contingent upon the Company's revenues and earnings,
if any, and capital requirements and financial conditions. The payment of
dividends, if any, will be within the discretion of the Company's Board of
Directors. The Company presently intends to retain all earnings, if any, and
accordingly the Board of Directors does not anticipate declaring any dividends.

INTERESTS OF NAMED EXPERTS AND COUNSEL

EXPERTS

M&K CPAS, PLLC, our independent registered public accountant, has audited our
financial statements included in this prospectus and Registration Statement to
the extent and for the periods set forth in their audit report. M&K CPAS, PLLC
has presented its report with respect to our audited financial statements.

COUNSEL

Ms. Diane Dalmy, Attorney at Law, has provided an opinion upon certain matters
relating to the legality of the common stock offered hereby for us.

INFORMATION WITH RESPECT TO THE REGISTRANT

We have not previously been subject to the reporting requirements of the
Securities and Exchange Commission. We have filed with the Commission a
registration statement on Form S-1 under the Securities Act with respect to the
shares offered hereby. This prospectus does not contain all of the information
set forth in the registration statement and the exhibits and schedules thereto.
For further information with respect to our securities and us you should review
the registration statement and the exhibits and schedules thereto. Statements
made in this prospectus regarding the contents of any contract or document filed
as an exhibit to the registration statement are not necessarily complete. You
should review the copy of such contract or document so filed.

You can inspect the registration statement and the exhibits and the schedules
thereto filed with the commission, without charge, at the office of the
Commission at 100 F Street, NE, Washington, D.C. 20549. You can also obtain
copies of these materials from the public reference section of the commission at
100 F Street, NE, Washington, D.C. 20549, at prescribed rates. You can obtain
information on the operation of the Public Reference Room by calling the SEC at
1-800-SEC-0330. The Commission maintains a web site on the Internet that
contains reports, proxy and information statements, and other information
regarding issuers that file electronically with the Commission at
http://www.sec.gov

DESCRIPTION OF BUSINESS

Stone Boat Mining Corp. was incorporated in the State of Nevada on September 28,
2011. It was incorporated for the sole purpose of engaging in mineral
exploration. It has always maintained the same business plan from inception to
present. Since inception, the Company has not filed for bankruptcy, receivership
or similar proceeding; and there has not been any material reclassification,
merger, consolidation, or purchase or sale of a significant amount of assets not
in the ordinary course of business.

Stone Boat Mining Corp., which is also referred to herein as Stone Boat or the
Company, is engaged in the exploration for copper, molybdenum and other
minerals. The Company is engaged in the exploration for copper, molybdenum and
other minerals. The Company has acquired one cell claim totaling 412.508
hectares which is registered with the British Columbia Mineral Title Office
(MTO). It is located near Nimpkish Lake, Northern Vancouver Island, about 300
kilometers northwest of Vancouver, B.C., Canada. We refer to these mining claims
as the Red Streak Property. This property is without known reserves.

The Company was incorporated for the purpose of exploring mineral claims in
North America. The short-term strategy of the Company is to explore the Red
Streak Property and to explore its commercial viability. The long-term strategy
of the Company is to continue to acquire additional mineral claims that
complement its core business.

We are an exploration stage company and we cannot provide assurance to investors
that our mineral claims contain a commercially exploitable mineral deposit, or
reserve, until appropriate exploratory work is done and an economic evaluation
based on such work concludes economic feasibility.

PROPERTY ACQUISITION DETAILS

Stone Boat Mining Corp. purchased the RED STREAK PROPERTY for USD $20,000.00

[MAP SHOWING PROPERTY BC LOCATION]

FIG. 1 RED STREAK PROPERTY BC LOCATION MAP

LOCATION AND ACCESS

The Red Streak Property is located near Nimpkish Lake, BC; about 35 minutes
drive south of the town of Port McNeill on northern Vancouver Island. The
property covers a recently logged area in the vicinity of Kinman Creek, which
flows westward into Nimpkish Lake. The property is accessible to 4 wheel drive
vehicles from the Island Highway via Canfor's Kinman Creek logging road and by
recent spurs which cross most of the claims. The property contains strong
attributes toward cost-effective property development, including easy access to
road (logging roads and Island Highway 19), rail (Englewood logging railroad),
and deep-water transportation facilities (Port McNeill deep water port).

[MAP SHOWING PROPERTY REGIONAL LOCATION]

FIG. 2 RED STREAK PROPERTY REGIONAL LOCATION MAP

TOPOGRAPHY, CLIMATE, VEGETATION

The climate of the Nimpkish area is mild and wet, with about 400 cm of
precipitation falling annually, mostly as rain. Snowfall covers the higher areas
from November to April, but seldom persists at lower elevations for more than a
few weeks in mid-winter. First-growth conifer forest formerly covered all of the
claims, but recent clear-cut logging has exposed more than half the ground
covered by the claims. Karst topography and cave systems are commonly developed
in the limestone near watercourses.

[MAP SHOWING PROPERTY LOCATION]

FIG. 3 RED STREAK PROPERTY LOCATION MAP

PROPERTY STATUS

The Red Streak Property currently consists of 412.51 hectares of mineral title,
in good standing until November 10, 2012. The original 2-post Red Streak claim
was staked on August 14, 2002.

BC Tenure # Work Due Date Staking Date Total Area (Ha)
----------- ------------- ------------ ---------------

928870 Nov. 10, 2012 Nov. 10, 2011 412.51

PREVIOUS WORK

Exploration in the 1980's and 1990's concentrated on copper and gold skarns. A
large area of highly altered rusty sediments intruded by granitic rocks in the
lower Kinman Creek valley was found to contain widespread small deposits of
pyrite, chalcopyrite, sphalerite and galena (BC AR#20092, 1990).

The Red Streak Jasper occurrence was located and staked in the summer of 2002
and has produced a limited amount (<1 tonne) of commercial lapidary-grade red
jasper for test marketing. The Nimpkish area has more recently been the subject
of several geological assessment reports and a 2005 BC GSB mapping project.

NIMPKISH AREA GEOLOGICAL OVERVIEW

The Nimpkish map-area is underlain by a 5 to 7 km thick stratigraphic sequence
of Upper Triassic to Lower Jurassic Vancouver Group sedimentary and volcanic
rocks. Mineralization in this stratigraphy generally occurs as skarn-type metal
deposits forming in limestone or marble at or near the contact with younger
intrusive granitic bodies.

[MAP SHOWING REGIONAL GEOLOGY OF THE NIMPKISH AREA]

FIG. 4 NIMPKISH AREA GEOLOGICAL MAP

REGIONAL GEOLOGY AND MINERALIZATION

The Nimpkish map area is underlain by a 5 to 7 km thick stratigraphic sequence
of Upper Triassic to Lower Jurassic Vancouver Group sedimentary and volcanic
rocks. The sequence is composed of Upper Triassic Karmutsen Formation marine
mafic volcanics, overlain by Quatsino Formation limestone/marble, and Parson's
Bay Formation calcareous sediments and tuffs, succeeded by the dominantly
andesitic Lower Jurassic Bonanza Group Volcanics. All of these units have been
intruded and metamorphosed by a large Jurassic granodiorite pluton called the
Nimpkish Batholith. Major uplift, folding and faulting preceded and accompanied
emplacement of the multi-phase granitic rocks and related skarn mineralization.

Skarn-hosted mineralization in the Nimpkish area is most often found along the
contact of limestone and intrusive rocks (exoskarn); in limestone-hosted
sulphide-rich mantos and replacements; and at the "triple point" contact between
the Karmutsen and Quatsino formations and intrusives. Numerous greenstone dikes
and small intrusive stocks are found in the limestone adjacent to the major
contact zones, and commonly have a "rind" or contact metasomatic zone of skarn
minerals and sulphides.

The common skarn minerals present include; green grossularite and red- brown
andradite garnet, epidote, diopside, manganese alteration (bustamite), calcite
and quartz; with magnetite, chalcopyrite, sphalerite, pyrite, pyrrhotite,
limonite and occasionally marcasite, hematite, bornite, covellite, tetrahedrite,
galena, molybdenite, malachite, azurite, and greenockite. Other minerals noted
in the altered zones include; sericite, biotite, k-feldspar and chlorite and
occasionally red jasper, jade-green serpentine, blue to lavender dumortierite,
lemon-yellow vesuvianite, and green to black tourmaline.

[MAP OF THE RED STREAK AREA STRATIGRAPHIC COLUMN]

FIG. 5 RED STREAK AREA STRATIGRAPHIC COLUMN

[MAP SHOWING RED STREAK PROPERTY]

FIG. 6 RED STREAK PROPERTY MAP

RED STREAK PROPERTY GEOLOGY AND MINERALIZATION

The main rock units exposed on the Red Streak Property are Parson's Bay
Formation sediments and volcaniclastics, granodiorite of the Island Intrusions
Plutonic Suite, and a limited area of Karmutsen Formation Basalt along the
eastern edge of the property.

The Parson's Bay Formation is a complex limestone and volcaniclastic sediment
package with rapid vertical and lateral changes in facies. Rock types include
black limestone, thin-bedded cherty tuffaceous limestone, agglomeratic
limestone, grey coralline limestone reefs, thin-bedded calcareous argillite, and
quartzite. Marine fossils are common in some units and are usually well
preserved. Andesite flows, sills, breccias and dikes representing the earliest
stages of the Bonanza Volcanics are locally present. The Parson's Bay Formation
is generally fractured and faulted near the numerous intrusives of the Island

Intrusions, and is very rusty due to abundant pyritization. Minor mineral
deposits containing pyrite, chalcopyrite, sphalerite, galena and tetrahedrite
are common in shear zones near the intrusives.

The intrusive plutonic suite regionally known as the Island Intrusions includes
stocks, sills, and dikes of granodiorite, with some diorite, quartz diorite,
greenstone, hornblende-feldspar porphyry, felsite and quartz- feldspar porphyry.
The contact-altered granitic rocks can host minor occurrences of pyrite,
chalcopyrite and molybdenite in endoskarn zones, vein systems, shears, breccias
and disseminations.

The limited area of Karmutsen basalt on the eastern boundary was found to
contain minor amounts of pyrite, magnetite and chalcopyrite.

[PHOTO SHOWING RED STREAK JASPER]

FIG. 7 RED STREAK JASPER

The original mineral deposit located on the Red Streak Property is a
lapidary-quality red jasper deposit located close to a major logging road. Three
separate jasper-bearing shear zones cross an andesite flow or sill.

The jasper has been hand-trenched and test sampled, removing about one tonne of
material for test-marketing. The jasper is a striking bright red colour with
patches of pyrite and green epidote. It has been successfully fashioned into
cabochons, polished slabs and tumbled stones by various lapidary shops and
mineral clubs.

On the north side of Kinman Creek along the access road, a one-metre wide
shear-hosted deposit containing sphalerite, galena, chalcopyrite and
tetrahedrite has been located.

The rock units present in the lower Kinman Creek area are highly altered and
pyritized by stocks and dikes of granodiorite.

[PHOTO SHOWING LOWER KINMAN CREEK VALLEY]

FIG 8 LOWER KINMAN CREEK VALLEY

CONCLUSIONS AND RECOMMENDATIONS

A proposed work program includes reconnaissance prospecting, geological mapping
and rock sampling, construction of a control grid, EM and magnetometer
geophysical surveys, and soil geochemical sampling. This program is exploratory
in nature. The anticipated costs of this exploration are presented in three
results- contingent stages.

PHASE 1 COST ESTIMATE

Consultant/Project Manager - 7 days @ $450/day $ 3,150.00
Geologist - 7 days @ $450/day $ 3,150.00
Sampler/Geological Assistant - 7 days @ $250/day $ 1,750.00
Truck rental - 1500 km @ 0.75/km inclusive $ 1,125.00
Rock assay samples - 50 @ $50.00 per sample $ 2,500.00
Soil and silt samples - 150 @ $25.00 per sample $ 3,750.00
BC Ferries $ 250.00
Per diem - 21 man-days @ $125.00 m/day $ 2,625.00
Misc. sampling and field supplies $ 500.00
Report and reproduction costs $ 1,500.00
-----------
SUBTOTAL $ 14,000.00

Management Fee @ 15% $ 2,100.00
Contingency @ 10% $ 1,400.00
-----------

TOTAL $ 17,500.00
GST@ 6% $ 1,050.00
-----------
NET TOTAL $ 18,550.00
===========

PHASE 2

Detailed geological mapping and rock sampling,
grid construction, soil and silt geochemical survey,
IP and magnetometer surveys, establish drill and trenching
targets, four-man crew with supplies, transportation, report;
est.14 day program. $ 90,000.00

PHASE 3

1000 metres of diamond drilling @ $100.00 per metre, plus
geological supervision, assistant, supplies, transportation,
assays, report and other ancillary costs; est. 21 day program. $170,000.00
-----------

TOTAL $278,550.00
===========

COMPLIANCE WITH GOVERNMENT REGULATION

We will be required to conduct all mineral exploration activities in accordance
with government regulations. Such operations are subject to various laws
governing land use, the protection of the environment, production, exports,
taxes, labor standards, occupational health, waste disposal, toxic substances,
well safety and other matters. Unfavorable amendments to current laws,
regulations and permits governing operations and activities of resource
exploration companies, or more stringent implementation thereof, could have a
materially adverse impact and cause increases in capital expenditures which
could result in a cessation of operations.

British Columbia's reclamation laws ensure that, once operations cease, mine
site lands are returned to a useful and productive state. Before any work on a
new mine site can commence, the company or individual doing the work must post a
security which is held in trust by the Ministry of Energy and Mines. This
security is returned only once the mine site is reclaimed to a satisfactory
level and there are no ongoing monitoring or maintenance requirements. If a mine
site is not reclaimed properly, the security money may be used by the Ministry
to complete the remediation work. The intent of the Province's reclamation
legislation is to ensure that modern mine sites in B.C. do not leave an ongoing
legacy or require public funds for clean-up activities.

The Mines and Mineral Resources Division (MMD) of the Ministry of Energy and
Mines (MEM) is responsible for the regulation of mining in British Columbia. The
Mines Act and accompanying Health, Safety and Reclamation Code for Mines in
British Columbia (the Code) provide the legislative framework and apply equally
to all operations.

Legislation requires all mining operations to carry out a program of
environmental protection and reclamation to ensure that upon termination of
mining, land, watercourses and cultural heritage resources will be returned to a
safe and environmentally sound state and to an acceptable end land use.

MMD is responsible for issuing and administering Mines Act permits. Before the
commencement of any work in or about a mine, the owner, agent, manager or person
acting on behalf of the company must hold a permit issued by the Chief Inspector
of Mines (pursuant to Section 10 of the Mines Act).

MEM seeks to provide reasonable assurance that the Province will not have to
contribute to the costs of reclamation if a mining company defaults on its
reclamation obligations. As a condition of Mines Act permits, the permittee must
post financial security in an amount and form acceptable to the Chief Inspector
of Mines. This security is held by the government until the Chief Inspector is
satisfied that all reclamation requirements for the operation have been
fulfilled.

Every mine site has unique management requirements and operational constraints;
thus, the assessment of financial security is done on a site-specific basis. The
security is set at a level that reflects all outstanding reclamation and closure
obligations. For example, mines that require long-term drainage treatment for
metal leaching and/or acid rock drainage require full security to cover
outstanding liability and ongoing management.

The Chief Inspector of Mines accepts the following forms of reclamation
security: cash, certified cheques, bank drafts, term deposits (i.e., GICs),
Government of Canada bonds and irrevocable standby letters of credit (ISLOCs).

Term deposits and bonds may be held in a Safekeeping Agreement where the
interest accrues on the deposit. In some cases, funds may be deposited to the
Mine Reclamation Fund (pursuant to Section 12 of the Mines Act) or within a
Qualified Environmental Trust. These funds allow interest to accrue to the
credit of the account.

For ISLOCs, confirmation is provided by the client's financial institution that
sufficient funds exist and will be kept available by the financial institution
to meet MEMPR's requirements.

Reclamation securities can only be released by the authority of the Chief
Inspector of Mines.

EMPLOYEES

At present, we have no employees. We anticipate that we will be conducting most
of our business through agreements with consultants and third parties.

DESCRIPTION OF PROPERTY

Our offices are located at 6325 Rincon del Palmito, Chihuahua, Chih., Mexico
CP31216.

LEGAL PROCEEDINGS

The Company is not a party to any legal proceeding. No property of the Company
is the subject of a pending legal proceeding.

MARKET PRICE OF DIVIDENDS ON THE REGISTRANT'S COMMON EQUITY AND RELATED
STOCKHOLDERS MATTERS

DIVIDENDS

The Company has never paid cash dividends on common stock, and does not expect
to pay such dividends in the foreseeable future.

MARKET INFORMATION

The Company's common shares do not trade and are not listed or quoted on any
public market.

STOCKHOLDERS

There is one stockholder of the Company's common stock.

EMERGING GROWTH COMPANY STATUS UNDER THE JOBS ACT

Stone Boat Mining Corp. qualifies as an "emerging growth company" as defined in
the Jumpstart our Business Startups Act (the "JOBS Act"). As an "emerging growth
company", the exemptions listed below are all available to the Company as a
Smaller Reporting Company.

The JOBS Act creates a new category of issuers known as "emerging growth
companies." Emerging growth companies are those with annual gross revenues of
less than $1 billion (as indexed for inflation) during their most recently
completed fiscal year. The JOBS Act is intended to facilitate public offerings
by emerging growth companies by exempting them from several provisions of the
Securities Act of 1933 and its regulations. An emerging growth company will
retain that status until the earliest of:

* The first fiscal year after its annual revenues exceed $1 billion;
* The first fiscal year after the fifth anniversary of its IPO;
* The date on which the company has issued more than $1 billion in
non-convertible debt during the previous three-year period; and
* The first fiscal year in which the company has a public float of at
least $700 million.

FINANCIAL AND AUDIT REQUIREMENTS

Under the JOBS Act, emerging growth companies are subject to scaled financial
disclosure requirements. Pursuant to these scaled requirements, emerging growth
companies may:

* Provide only two rather than three years of audited financial
statements in their IPO Registration Statement;
* Provide selected financial data only for periods no earlier than those
included in the IPO Registration Statement in all SEC filings, rather
than the five years of selected financial data normally required;
* Delay compliance with new or revised accounting standards until they
are made applicable to private companies; and
* Be exempted from compliance with Section 404(b) of the Sarbanes-Oxley
Act, which requires companies to receive an outside auditor's
attestation regarding the issuer's internal controls.

OFFERING REQUIREMENTS

In addition, during the IPO offering process, emerging growth companies are
exempt from:

* Restrictions on analyst research prior to and immediately after the
IPO, even from an investment bank that is underwriting the IPO;
* Certain restrictions on communications to institutional investors
before filing the IPO registration statement; and
* The requirement initially to publicly file IPO Registration
Statements. Emerging growth companies can confidentially file draft
Registration Statements and any amendments with the SEC. Public
filings of the draft documents must be made at least 21 days prior to
commencement of the IPO "road show."

OTHER PUBLIC COMPANY REQUIREMENTS

Emerging growth companies are also exempt from other ongoing obligations of most
public companies, such as:

* The requirements under Section 14(i) of the Exchange Act and Section
953(b)(1) of the Dodd-Frank Act to disclose executive compensation
information on pay-for-performance and the ratio of CEO to median
employee compensation;
* Certain other executive compensation disclosure requirements, such as
the compensation discussion and analysis, under Item 402 of Regulation
S-K; and
* The requirements under Sections 14A(a) and (b) of the Exchange Act to
hold advisory votes on executive compensation and golden parachute
payments.

ELECTION UNDER SECTION 107(b) OF THE JOBS ACT

As an emerging growth company we have made the irrevocable election to not adopt
the extended transition period for complying with new or revised accounting
standards under Section 107(b), as added by Section 102(b), of the JOBS Act.
This election allows companies to delay the adoption of new or revised
accounting standards that have different effective dates for public and private
companies until those standards apply to private companies.

MANAGEMENT DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

The following discussion of our financial condition and results of operations
should be read in conjunction with our financial statements and the notes to
those statements included elsewhere in this prospectus. In addition to the
historical financial information, the following discussion and analysis contains
forward-looking statements that involve risks and uncertainties. Our actual
results may differ materially from those anticipated in these forward-looking
statements as a result of certain factors, including those set forth under "Risk
Factors" and elsewhere in this prospectus.

PLAN OF OPERATIONS

Our business plan is to proceed with the exploration of our property as outlined
above. If the Company is successful in raising adequate capital through private
placements or debt financing, the Company anticipates completing the first phase
in Spring 2013 and commencing the Second and Third phases in Summer and Fall
2013. The above work program is exploratory in nature. We anticipate that the
three phases of the exploration program will cost approximately $18,550, $90,000
and $170,000 respectively. We had $9,386.00 in cash reserves as of May 31, 2012.
The lack of cash has kept us from conducting any exploration work on the
property. If the Company is unsuccessful in raising the capital to commence its
exploration program, the Company will be required to pay a government fee of
$1,500 in order to keep the claims valid. The Company currently has enough cash
on hand to pay this fee.

We anticipate that we will incur the following expenses over the next twelve
months:

* $1,500 to be paid to the British Columbia Provincial Government to
keep the claims valid on or before November 10, 2012;
* $18,550 in connection with the completion of Phase 1 of our planned
geological work program;
* $90,000 in connection with the completion of Phase 2 of our planned
geological work program;
* $170,000 for Phase 3 of our planned geological work program; and
* $6,000 for operating expenses, including professional legal and
accounting expenses associated with compliance with the periodic
reporting requirements after we become a reporting issuer under the
Securities Exchange Act of 1934, but excluding expenses of the
offering.

If we determine not to proceed with further exploration of our mineral claims
due to a determination that the results of our initial geological program do not
warrant further exploration or due to an inability to finance further
exploration, we plan to pursue the acquisition of an interest in other mineral
claims. We anticipate that any future acquisition would involve the acquisition
of an option to earn an interest in a mineral claim as we anticipate that we
would not have sufficient cash to purchase a mineral claim of sufficient merit
to warrant exploration. This means that we might offer shares of our stock to
obtain an option on a property. Once we obtain an option, we would then pursue
finding the funds necessary to explore the mineral claim by one or more of the

following means: engaging in an offering of our stock; engaging in borrowing; or
locating a joint venture partner or partners.

RESULTS OF OPERATIONS

We have not yet earned any revenues. We anticipate that we will not earn
revenues until such time as we have entered into commercial production, if any,
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 properties, or if such resources
are discovered, that we will enter into commercial production of our mineral
properties.

LIQUIDITY AND CAPITAL RESOURCES

The company had current assets of $9,570 consisting only of cash as of May 31,
2012. The Company has incurred a net loss of $20,430 for the period from
inception to May 31, 2012. Income represents all of the company's revenue less
all its expenses in the period incurred. The Company has no revenues as of May
31, 2012 and has incurred expenses of $20,430 since inception. There are no
current or long-term liabilities. The company issued to the founder 24,000,000
common shares of stock for $30,000. As of May 31, 2012, there are Twenty-four
Million (24,000,000) shares issued and outstanding at a par value of $0.001 per
share. There are no preferred shares authorized. The Company has no stock option
plan, warrants or other dilutive securities.

With its current assets, the Company can remain operational through 2012 if it
does not complete Phase 1 of its program and only pays the government fees to
keep the claims valid, as well as the $6,000 for operating costs, including
professional legal and accounting expenses associated with compliance with the
periodic reporting requirements after we become a reporting issuer under the
Securities Exchange Act of 1934, plus the expenses of the offering.

However, the Company plans to raise the capital necessary to fund our business
through a private placement and public offering of our common stock. The Company
intends to work directly with private placees once this registration statement
is declared effective. The Company anticipates that they will have either a
private placement or additional funding from its founder by late Spring 2013 in
order to conduct its operations.

Based on our current operating plan, we do not expect to generate revenue that
is sufficient to cover our expenses for at least the next twelve months. In
addition, we do not have sufficient cash and cash equivalents to execute our
operations for at least the next twelve months. We will need to obtain
additional financing to operate our business for the next twelve months. We will
raise the capital necessary to fund our business through a private placement and
public offering of our common stock. Additional financing, whether through
public or private equity or debt financing, arrangements with stockholders or
other sources to fund operations, may not be available, or if available, may be
on terms unacceptable to us. Our ability to maintain sufficient liquidity is
dependent on our ability to raise additional capital. If we issue additional
equity securities to raise funds, the ownership percentage of our existing
stockholders would be reduced. New investors may demand rights, preferences or
privileges senior to those of existing holders of our common stock. Debt
incurred by us would be senior to equity in the ability of debt holders to make
claims on our assets. The terms of any debt issued could impose restrictions on
our operations. If adequate funds are not available to satisfy either short or
long-term capital requirements, our operations and liquidity could be materially
adversely affected and we could be forced to cease operations. The financial
statements do not include any adjustments relating to the recoverability and
classification of recorded assets, or the amounts of and classification of
liabilities that might be necessary in the event the Company cannot continue in
existence.

CHANGES AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL
DISCLOSURE

For the audited period ended May 31, 2012, we engaged M&K CPAS, PLLC, as our
principal accountant for the purposes of auditing our financial statements.
There are not and have not been any disagreements between the Company and our
accountants on any matter of accounting principles, practices or financial
statement disclosure.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

The Company currently has no revenues. The Company's financial instruments are
comprised of payables which are subject to normal credit risks.

DIRECTORS AND EXECUTIVE OFFICERS

1. EXECUTIVE OFFICERS

The Company's Executive Officers are as follows:

Adam Whyte Chief Executive Officer, Chief Financial Officer President,
Secretary, Treasurer and Director (Principal Executive Officer
and Principal Accounting Officer)

BIOGRAPHY OF ADAM WHYTE

Adam Whyte, aged 42

Mr. Whyte has lived in Mexico for over ten years, and was initially focused as a
consultant in the residential and commercial real estate development industry.
During the past three years, Mr. Whyte has focused exclusively on the mining
industry and has been engaged as an independent consultant engaged in mining
projects in the State of Chihuahua, Mexico. In this capacity, he acts as an
independent consultant for a Joint Venture project between Miguel Angel
Jaramillo Tapia, a resident of Mexico, Amiko Kay, S. de R.L. de C.V., a company
organized under the laws of Mexico, and Lone Star Gold, Inc., a corporation
organized under the laws of the State of Nevada. Mr. Whyte is responsible for
managing and overseeing the day to day operations at the La Candelaria mine
tailings project in the State of Chihuahua, Mexico. The Joint Venture was formed
to process mine tailings located in the city of Hidalgo Del Parral in the state
of Chihuahua, Mexico, and, after processing, to use, market and sell any
minerals extracted from the tailings.

2. DIRECTORS

Name Position
---- --------

Adam Whyte Sole Director

See biography above.

As sole director and officer shareholder, Mr. Whyte is not an independent
director that is independent under the independence standards applicable to the
registrant under paragraph (a)(1) of Item 407(a) of regulation S-K or under
NASDAQ Listing Rule 5605(b)(1).

EXECUTIVE COMPENSATION AND CORPORATE GOVERNANCE

Summary Compensation Table (All figures are in US dollars) The following table
sets forth the overall compensation earned in the fiscal year that ended May 31,
2012 by (1) each person who served as the principal executive officer of the
Company for fiscal year 2011; (2) the Company's most highly compensated

executive officers with compensation of $100,000 or more during 2011 fiscal
year; and (3) those individuals, if any, who would have otherwise been in
included in section (2) above but for the fact that they were not serving as an
executive of the Company as of May 31, 2012.

Non-Equity Nonqualified
Name and Incentive Deferred
Principal Fiscal Stock Option Plan Compensation All Other
Position Year Salary($) Bonus($) Awards($) Awards($) Compensation($) Earnings($) Compensation($)
-------- ---- --------- -------- --------- --------- --------------- ----------- ---------------

Adam Whyte 2012 Nil Nil Nil Nil Nil Nil Nil
Chief Executive
Officer, Chief
Financial Officer,
President, Secretary,
Treasurer and Director
(Principal Executive
Officer and Principal
Accounting Officer)

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS

As of May 31, 2012, there were Twenty-Four Million (24,000,000) shares of common
stock were issued and outstanding.

(1) This table is based on Twenty-Four Million (24,000,000) shares of common
stock outstanding

As of the date of this prospectus, we had the following security holder holding
greater than 5%:

Percentage of Class
Name & Address of Owner Amount and Nature of Before After
and Position if Applicable Beneficial Ownership Offering Offering
-------------------------- -------------------- -------- --------
Adam Whyte 24,000,000 100% 58.3%
6325 Rincon del Palmito,
Chihuahua, Chih., Mexico
CP31216
Chief Executive Officer,
Chief Financial Officer, President,
Secretary, Treasurer and Director
(Principal Executive Officer and
Principal Accounting Officer)

Total Officers, Directors & 24,000,000 100% 58.3%
Significant Shareholders as
a group

TRANSACTIONS WITH RELATED PERSONS, PROMOTERS AND CERTAIN CONTROL PERSONS

As of the date of this statement, the Company has entered into an agreement
whereby it has sold 24,000,000 shares to its founder for total proceeds of
$30,000

Outside of the above noted transactions, there are no, and have not been since
inception, any other material agreements or proposed transactions, whether
direct or indirect, with any of the following:

* Any of our directors or officers;
* Any nominee for election as a director;
* The principal security holder(s) identified in the preceding Security
Ownership of Certain Beneficial Owners and Management " section; or
* Any relative or spouse, or relative of such spouse, of the above
referenced persons;
* Any promoters.

Stone Boat Mining Corp.
(An Exploration Stage Company)
Financial Statements
For the period September 28, 2011 (inception) through May 31, 2012

Report of Independent Registered Public Accounting Firm F-2

Balance Sheet F-3

Statement of Operations F-4

Statement of Stockholder Equity F-5

Statement of Cash Flows F-6

Notes to the Financial Statements F-7

F-1

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors
Stone Boat Mining Corp.

(An Exploration Stage Company)

We have audited the accompanying balance sheet of Stone Boat Mining Corp. (an
exploration stage company) as of May 31, 2012 and the related statements of
operations, changes in stockholder's equity, and cash flows for the period from
September 28, 2011 (inception) through May 31, 2012 . 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 audit.

We conducted our audit in accordance with the standards of the Public Company
Accounting Oversight Board (United States). Those standards require that we plan
and perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement. The Company is not required to
have, nor were we engaged to perform, an audit of its internal control over
financial reporting. Our audit included consideration of internal control over
financial reporting as a basis for designing audit procedures that are
appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of the Company's internal control over financial
reporting. Accordingly, we express no such opinion. An audit also includes
examining, on a test basis, evidence supporting the amounts and disclosures in
the financial statements, assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall
financial statement presentation. We believe that our audit provides a
reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in
all material respects, the financial position of Stone Boat Mining Corp., as of
May 31, 2012, and the results of its operations and cash flows for the period
from inception (September 28, 2011) to May 31, 2012, described above in
conformity with U.S. generally accepted accounting principles.

The accompanying financial statements have been prepared assuming that the
Company will continue as a going concern. As discussed in Note 6 to the
financial statements, the Company has incurred a net loss from operations and
has no revenue stream, which raises substantial doubt about its ability to
continue as a going concern. Management's plans regarding those matters also are
described in Note 6. The financial statements do not include any adjustments
that might result from the outcome of this uncertainty.

/s/ M&K CPAS, PLLC
------------------------------
www.mkacpas.com
Houston, Texas
July 23, 2012

F-2

Stone Boat Mining Corp.
(An Exploration Stage Company)
Balance Sheet
(Stated in US Dollars)

As of
May 31, 2012
------------
Assets

Current assets
Cash $ 9,570
--------
Total current assets 9,570
--------

Total Assets $ 9,570
========
Liabilities

Current liabilities $ --
--------
Total current liabilities --
--------

Total Liabilities --
--------
Stockholder's Equity
Common Stock, $0.001 par value
75,000,00 Common Shares Authorized
24,000,000 Shares Issued and Outstanding 24,000
Additional paid-in capital 6,000
Deficit accumulated during exploration period (20,430)
--------
Total stockholders equity 9,570
--------

Total liabilites and stockholder's equity $ 9,570
========

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

F-3

Stone Boat Mining Corp.
(An Exploration Stage Company)
Statements of Operations
(Stated in US Dollars)

From inception
For the period (September 28, 2011)
ending to
May 31, 2012 May 31, 2012
------------ ------------

Revenue $ -- $ --
------------ ------------
Expenses
Recognition of an Impairment Loss -- --
(Property Expenses) 20,000 20,000
Accounting & Professional Fees 430 430
------------ ------------
Total Expenses 20,430 20,430

Net loss from operations (20,430) (20,430)
------------ ------------

Net Income (Loss) $ (20,430) $ (20,430)
============ ============

Basic & Diluted (Loss) per Common Share $ (0.001)
------------

Weighted Average Number of Common Shares 24,000,000

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

F-4

Stone Boat Mining Corp.
(A Development Stage Company)
STATEMENT OF STOCKHOLDER'S EQUITY (DEFICIT)
From Inception (September 28, 2011) to May 31, 2012
Audited

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

Issuance of 24,000,000 shares
at $0.00125 per share 24,000,000 $ 24,000 $ 6,000 $ -- $ 30,000

Net operating loss for the
period ended May 31, 2012 (20,430) (20,430)
----------- -------- ------- --------- --------

Balance, May 31, 2012 24,000,000 $ 24,000 $ 6,000 $ (20,430) $ 9,570
=========== ======== ======= ========= ========

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

F-5

Stone Boat Mining Corp.
(An Exploration Stage Company)
Statements of Cash Flows
(Stated in US Dollars)

From inception
For the period (September 28, 2011)
ending to
May 31, 2012 May 31, 2012
------------ ------------
OPERATING ACTIVITIES
Net income (loss) $(20,430) $(20,430)
Recognition of an Impairment Loss
(Mineral Claims) -- --
Accounts payable and accrued liability -- --
-------- --------
NET CASH USED IN OPERATING ACTIVITIES (20,430) (20,430)

INVESTING ACTIVITIES
Purchase of mineral claim (20,000) (20,000)
-------- --------
NET CASH USED IN INVESTING ACTIVITIES (20,000) (20,000)

FINANCING ACTIVITIES
Paid in Capital 6,000 6,000
Shares Issued 24,000 24,000
-------- --------
NET CASH PROVIDED BY FINANCING ACTIVITIES 30,000 30,000

NET CHANGE IN CASH 9,570 9,570

Cash at beginning of period 30,000 --
-------- --------

CASH AT END OF PERIOD $ 9,570 $ --
======== ========
Cash Paid For:
Interest $ -- $ --
======== ========
Income Tax $ -- $ --
======== ========

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

F-6

Stone Boat Mining Corp.
An Exploration Stage Company
Notes to Financial Statements
May 31, 2012

1. ORGANIZATION

The company was incorporated under the laws of the state of Nevada on September
28, 2011 with 75,000,000 authorized common shares with a par value of $0.001.

The company was organized for the purpose of acquiring, exploring, and
developing mineral claims. The company has acquired a mineral claim with unknown
reserves. The company does not presently have any operations and is considered
to be in the exploration stage.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The financial statements of the Company have been prepared in accordance with
generally accepted accounting principles in the United States of America and are
presented in US dollars. The financial statements included herein have been
prepared pursuant to the rules and regulations of the Securities and Exchange
Commission. In the opinion of management, all adjustments considered necessary
for a fair presentation of the results of operations and financial position have
been included and all such adjustments are of a normal recurring nature.

Cash and Cash Equivalent

The Company considers all highly liquid instruments with a maturity of three
months or less at the time of issuance to be cash equivalents. As of May 31,
2012, there were no cash equivalents.

Income Taxes

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

On May 31, 2012, the company had a net operating loss available for carryforward
of $430.

Basic and Diluted Net Income (loss) Per Share

The Company computes net income (loss) per share in accordance with ASC 260,
Earnings per Share. ASC 260 requires presentation of both basic and diluted
earnings per share ("EPS") on the face of the income statement. Basic EPS is
computed by dividing net income (loss) available to common shareholders
(numerator) by the weighted average number of shares outstanding (denominator)
during the period. Diluted EPS gives effect to all dilutive potential common
shares outstanding during the period using the treasury stock method and
convertible preferred stock using the if-converted method. In computing diluted
EPS, the average stock price for the period is used in determining the number of
shares assumed to be purchased from the exercise of stock options or warrants.
Diluted EPS excludes all dilutive potential shares if their effect is anti
dilutive.

F-7

Foreign Currency Translation

The Company's functional and reporting currency is the United States dollar.
Foreign currency transactions are primarily undertaken in Canadian dollars.
Foreign currency transactions are translated to United States dollars in
accordance with ASC 830, Foreign Currency Translation Matters, using the
exchange rate prevailing at the balance sheet date. Gains and losses arising on
translation or settlement of foreign currency denominated transactions or
balances are included in the determination of income.

Financial Instruments

Pursuant to ASC 820, Fair Value Measurements and Disclosures, an entity is
required to maximize the use of observable inputs and minimize the use of
unobservable inputs when measuring fair value. ASC 820 establishes a fair value
hierarchy based on the level of independent, objective evidence surrounding the
inputs used to measure fair value. A financial instrument's categorization
within the fair value hierarchy is based upon the lowest level of input that is
significant to the fair value measurement. ASC 820 prioritizes the inputs into
three levels that may be used to measure fair value:

Level 1

Level 1 applies to assets or liabilities for which there are quoted prices in
active markets for identical assets or liabilities.

Level 2

Level 2 applies to assets or liabilities for which there are inputs other than
quoted prices that are observable for the asset or liability such as quoted
prices for similar assets or liabilities in active markets; quoted prices for
identical assets or liabilities in markets with insufficient volume or
infrequent transactions (less active markets); or model-derived valuations in
which significant inputs are observable or can be derived principally from, or
corroborated by, observable market data.

Level 3

Level 3 applies to assets or liabilities for which there are unobservable inputs
to the valuation methodology that are significant to the measurement of the fair
value of the assets or liabilities.

The Company's financial instruments consist principally of cash. Pursuant to ASC
820, the fair value of cash is determined based on "Level 1" inputs, which
consist of quoted prices in active markets for identical assets. The recorded
values of all other financial instruments approximate their current fair values
because of their nature and respective maturity dates or durations.

Revenue Recognition

We recognize revenue when all of the following conditions are satisfied: (1)
there is persuasive evidence of an arrangement; (2) the product or service has
been provided to the customer; (3) the amount of fees to be paid by the customer
is fixed or determinable; and (4) the collection of our fees is probable.

F-8

Impairment of Long-Lived Assets

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

Stock-based Compensation

The Company records stock-based compensation in accordance with ASC 718,
Compensation - Stock Compensation using the fair value method. All transactions
in which goods or services are the consideration received for the issuance of
equity instruments are accounted for based on the fair value of the
consideration received or the fair value of the equity instrument issued,
whichever is more reliably measurable. Equity instruments issued to employees
and the cost of the services received as consideration are measured and
recognized based on the fair value of the equity instruments issued. As at May
31, 2012, the Company did not grant any stock options.

Mineral Property Acquisitions Costs

Costs of acquisition and option costs of mineral rights are capitalized upon
acquisition. Mine development costs incurred to develop new ore deposits, to
expand the capacity of mines, or to develop mine areas substantially in advance
of current production are also capitalized once proven and probable reserves
exist and the property is a commercially mineable property. Costs incurred to
maintain current production or to maintain assets on a standby basis are charged
to operations. If the Company does not continue with exploration after the
completion of the feasibility study, the mineral rights will be expensed at that
time. Costs of abandoned projects are charged to mining costs including related
property and equipment costs. To determine if these costs are in excess of their
recoverable amount periodic evaluation of carrying value of capitalized costs
and any related property and equipment costs are based upon expected future cash
flows and/or estimated salvage value in accordance with Accounting Standards
Codification (ASC) 360-10-35-15, Impairment or Disposal of Long-Lived Assets.

Various factors could impact our ability to achieve forecasted production
schedules. Additionally, commodity prices, capital expenditure requirements and
reclamation costs could differ from the assumptions the Company may use in cash
flow models from exploration stage mineral interests involves further risks in
addition to those factors applicable to mineral interests where proven and
proven and probable reserves have been identified, due to the lower level of
confidence that the identified mineralized material can ultimately be mined
economically.

Assets Retirement Obligations

The Company follows the provisions of ASC 410, Asset Retirement and
Environmental Obligations, which establishes standards for the initial
measurement and subsequent accounting for obligations associated with the sale,
abandonment or other disposal of long-lived tangible assets arising from the
acquisition, construction or development and for normal operations of such
assets.

F-9

Estimates and Assumptions

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

Recent Accounting Pronouncements

In December 2011, the Financial Accounting Standards Board ("FASB") issued ASU
2011-12, Comprehensive Income. ASU 2011-12 deferred the new presentation
requirements outlined by ASU 2011-05 regarding reclassification of items out of
accumulated other comprehensive income. This standard is effective for all
annual period beginning after December 15, 2011. This standard is not expected
to have a material impact on the Company's financial statements.

In December 2011, the FASB issued ASU 2011-11, Balance Sheet: Disclosures about
Offsetting Assets and Liabilities. ASU 2011-11 requires entities to disclose
both the gross and net information about both instruments and transactions
subject to an agreement similar to a master netting arrangement and includes
derivatives, sale and repurchase agreements, and securities borrowing and
securities lending arrangements. This standard is effective for all fiscal
periods beginning on or after January 1, 2013. This standard is not expected to
have a material impact on the Company's financial statements.

In June 2011, the FASB issued ASU 2011-05, Comprehensive Income: Presentation of
Comprehensive Income. ASU 2011- 05 eliminates the option to present components
of other comprehensive income as part of the statement of changes in
stockholders' equity and items reclassified to the statement of operations are
required to be presented separately on the face of the financial statements.
This standard is effective for fiscal years beginning after December 15, 2011.
This standard is not expected to have a material impact on the Company's
financial statements.

In May 2011, the FASB issued ASU 2011-04, Fair Value Measurement: Amendments to
Achieve Common Fair Value Measure and Disclosure Requirements in US GAAP and
IFRS. ASU 2011-04 amended the definition of fair value measurement to be more
closely aligned with IFRS including: (1) for Level 3 fair value measurements,
quantitative information about unobservable inputs used, a description of the
valuation processes used by the entity, and a qualitative discussion about the
sensitivity of the measurements to changes in the unobservable inputs; (2) for
an entity's use of a nonfinancial asset that is different from the asset's
highest and best use, the reason for the difference; (3) for financial
instruments not measured at fair value but for which disclosure of fair value is
required, the fair value hierarchy level in which the fair value measurements
were determined; and (4) the disclosure of all transfers between Level 1 and
Level 2 of the fair value hierarchy. This standard is effective for all fiscal
periods beginning after December 15, 2011. This standard is not expected to have
a material impact on the Company's financial statements.

3. ACQUISITION OF A MINERAL CLAIM

During 2012 the Company acquired mineral claims for $20,000 known as the Red
Streak Property.

F-10

The Red Streak Property is located near Nimpkish Lake, Northern Vancouver
Island, about 300 kilometers northwest of Vancouver, British Columbia. The Red
Streak Property comprises one MTO mineral claim containing 1 cell claim units
totaling 412.508 hectares.

The acquisitions costs have been impaired and expensed during 2012 because there
had been no exploration activities nor had there been any reserves established
and we could not project any future cash flows or salvage value and the
acquisition costs were not recoverable.

4. CAPITAL STOCK

On December 1, 2011, the company issued 24,000,000 private placement common
shares to its founder for cash of $30,000.

5. SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES

Officer-directors have acquired 100% of the outstanding common capital stock of
the company.

6. GOING CONCERN

The accompanying financial statements have been prepared assuming that the
company will continue as a going concern. The company does not have a sufficient
working capital for its planned activity, which raises substantial doubt about
its ability to continue as a going concern.

Continuation of the company as a going concern is dependent upon obtaining
additional working capital and the management of the company has developed a
strategy which it believes will accomplish this objective through short term
loans from an officer-director, and additional equity investments, which will
enable the company to continue operations for the coming year.

7. INCOME TAX

The Company has $430 of net operating losses carried forward to offset taxable
income in future years which expire commencing in fiscal 2012. The income tax
benefit differs from the amount computed by applying the US federal income tax
rate of 34% to net loss before income taxes. As at May 31, 2012, the Company had
no uncertain tax positions.

September 28, 2011
(inception)
Through
May 31, 2012
------------

Net Loss Before Taxes $ 430
Statutory Rate 34%
Deferred tax asset 146
Valuation allowance (146)
--------

Income tax provision $ --
========

8. SUBSEQUENT EVENTS

The Company has evaluated subsequent events from the balance sheet date through
to the date the financial statements were issued and has found no material event
to report.

F-11

PART II--INFORMATION NOT REQUIRED IN PROSPECTUS

ITEM 13. OTHER EXPENSES OF ISSUANCE AND DISTRIBUTION

The expenses to be paid by us in connection with the securities being registered
are as follows:

Amount
---------
Securities and Exchange Commission Registration Fee...... $ 2.29*
Audit Fees and Expenses.................................. 3,500.00
Legal Fees and Expenses.................................. 1,000.00
Transfer Agent and Registrar Fees and Expenses........... 560.00
Miscellaneous Expenses................................... 940.00
---------
Total................................................... $6,002.29*
=========

----------
* Estimated amount

ITEM 14. INDEMNIFICATION OF DIRECTORS AND OFFICERS

Section 78.7502 of the Nevada Revised Statutes and Article VII of our Articles
of Incorporation permit us to indemnify our officers and directors and certain
other persons against expenses in defense of a suit to which they are parties by
reason of such office, so long as the persons conducted themselves in good faith
and the persons reasonably believed that their conduct was in our best interests
or not opposed to our best interests and, with respect to any criminal action or
proceeding, had no reasonable cause to believe their conduct was unlawful. See
our Articles of Incorporation filed as Exhibit 2.1 to this registration
statement.

Indemnification is not permitted in connection with a proceeding by us or in our
right in which the officer or director was adjudged liable to us or in
connection with any other proceeding charging that the officer or director
derived an improper personal benefit, whether or not involving action in an
official capacity.

ITEM 15. RECENT SALES OF UNREGISTERED SECURITIES

The Company issued 24,000,000 shares of common stock to the founder, Adam Whyte,
at a price of $0.00125 per share, for total proceeds of $30,000. These shares
were issued pursuant to Section 4(2) of the Securities Act. The 24,000,000
shares of common stock are restricted shares as defined in the Securities Act.
This issuance was made to the Company's founder who is a sophisticated investor.
As promoter of our Company since our inception, the founder is in a position of
access to relevant and material information regarding our operations.

ITEM 16. EXHIBITS

The following exhibits are included as part of this Form S-1 or are incorporated
by reference to our previous filings:

Exhibit No. Description
----------- -----------
3.1 Articles of Incorporation*
3.2 Bylaws*
5.1 Legal Opinion of Diane Dalmy, Attorney at Law, July 13, 2012*
10.1 Asset Purchase Agreement*
23.1 Consent of M & K CPAS PLLC, October 16, 2012

----------
* Incorporated herein by reference

II-1

ITEM 17. UNDERTAKINGS

The undersigned registrant hereby undertakes to provide to the underwriter at
the closing specified in the underwriting agreements certificates in such
denominations and registered in such names as required by the underwriter to
permit prompt delivery to each purchaser.

The undersigned registrant hereby undertakes:

a. To file, during any period in which offers or sales are being made, a
post-effective amendment to this registration statement:

1. To include any prospectus required by section 10(a)(3) of the
Securities Act of 1933;

2. To reflect in the prospectus any facts or events arising after the
effective date of the registration statement (or the most recent
post-effective amendment thereof) which, individually or in the
aggregate, represent a fundamental change in the information set forth
in the registration statement. Notwithstanding the foregoing, any
increase or decrease in volume of securities offered (if the total
dollar value of securities offered would not exceed that which was
registered) and any deviation from the low or high end of the
estimated maximum offering range may be reflected in the form of
prospectus filed with the Commission pursuant to Rule 424(b) if, in
the aggregate, the changes in volume and price represent no more than
20% change in the maximum aggregate offering price set forth in the
"Calculation of Registration Fee" table in the effective registration
statement.

3. To include any material information with respect to the plan of
distribution not previously disclosed in the registration statement or
any material change to such information in the registration statement;

4. Insofar as indemnification for liabilities arising under the
Securities Act of 1933 may be permitted to directors, officers and
controlling persons of the registrant pursuant to the foregoing
provisions, or otherwise, the registrant has been advised that in the
opinion of the Securities and Exchange Commission such indemnification
is against public policy as expressed in the Act and is, therefore,
unenforceable. In the event that a claim for indemnification against
such liabilities (other than the payment by the registrant of expenses
incurred or paid by a director, officer or controlling person of the
registrant in the successful defense of any action, suit or
proceeding) is asserted by such director, officer or controlling
person in connection with the securities being registered, the
registrant will, unless in the opinion of its counsel the matter has
been settled by controlling precedent, submit to a court of
appropriate jurisdiction the question whether such indemnification by
it is against public policy as expressed in the Act and will be
governed by the final adjudication of such issue.

DEALER PROSPECTUS DELIVERY OBLIGATION

Until November 13, 2012, all dealers that effect transactions in these
securities, whether or not participating in this offering, may be required to
deliver a prospectus. This is in addition to the dealers' obligation to deliver
a prospectus when acting as underwriters and with respect to their unsold
allotments or subscriptions.

II-2

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, the registrant has
duly caused this registration statement Form S-1 to be signed on its behalf by
the undersigned, in the City of Chihuahua, Mexico on October 16, 2012.

STONE BOAT MINING CORP.

By: /s/ Adam Whyte
----------------------------------------
Adam Whyte,
Chief Executive Officer, Chief Financial
Officer, (Principal Executive Officer
and Principal Accounting Officer)

Pursuant to the requirements of the Securities Act of 1933, this registration
statement has been signed by the following person, in the capacity and on the
date indicated.

Signature Title Date
--------- ----- ----

/s/ Adam Whyte Chief Executive Officer, October 16, 2012
------------------------ Chief Financial Officer,
Adam Whyte President, Secretary, Treasurer
and Director (Principal
Executive Officer and
Principal Accounting Officer)

II-3