OLYMPUS DIGITAL CAMERABearclaw Capital Corp. is an exploration stage company and has no operating revenue. Expenditures related to mineral exploration re capitalized. During the year ended December 31st, 2012, the Company capitalized $60,962 (2011 – $127,517) of expenditures related to its mineral poperties and a breakdown was provided in Note 8 to the financial statements. Exploration work in 2012 mainly related to the Lov property and the Rey Lake Property.