Nilam Resources : Amended Quarterly Disclosure Statement for Period Ending July 31, 2021

Disclosure Statement Pursuant to the Pink Basic Disclosure Guidelines

NILAM RESOURCES, INC.

2801 Bickford Avenue, Suite 103-366

Snohomish, WA 98290

425-249-8520

www.nilacorp.com

[e-mail]

1000

QuarterlyReport

For the Period Ending: July 31, 2021

(the "Reporting Period")

As of 12/20/2021, the number of shares outstanding of our Common Stock was: 236,062,345

As of 07/31/2021, the number of shares outstanding of our Common Stock was: 98,062,345

As of 04/30/2021, the number of shares outstanding of our Common Stock was: 338,062,345

Indicate by check mark whether the company is a shell company (as defined in Rule 405 of the Securities Act of 1933 and Rule 12b-2 of the Exchange Act of 1934):

Yes: ☐

No: ☒

Indicate by check mark whether the company's shell status has changed since the previous reporting period:

Yes: ☐

No: ☒

Indicate by check mark whether a Change in Control1 of the company has occurred over this reporting period:

Yes: ☐

No: ☒

1 "Change in Control" shall mean any events resulting in:

1. Any "person" (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) becoming the "beneficial owner" (as defined in Rule 13d-3 of the Exchange Act), directly or indirectly, of securities of the Company representing fifty percent (50%) or more of the total voting power represented by the Company's then outstanding voting securities;
2. The consummation of the sale or disposition by the Company of all or substantially all of the Company's assets;
3. A change in the composition of the Board occurring within a two (2)-year period, as a result of which fewer than a majority of the directors are directors immediately prior to such change; or
4. The consummation of a merger or consolidation of the Company with any other corporation, other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity or its parent) at least fifty percent (50%) of the total voting power represented by the voting securities of the Company or such surviving entity or its parent outstanding immediately after such merger or consolidation.

OTC Markets Group Inc.
OTC Pink Basic Disclosure Guidelines (v3.1 June 24, 2021)	Page 1 of 18

1. Name and address(es) of the issuer and its predecessors (if any)

In answering this item, provide the current name of the issuer any names used by predecessor entities, along with the dates of the name changes.

NILAM RESOURCES, INC. The Company was originally incorporated as Nilam Resources Inc. and was briefly called South American Mining Corp before changing its name back to Nilam Resources Inc.

The state of incorporation or registration of the issuer and of each of its predecessors (if any) during the past five years; Please also include the issuer's current standing in its state of incorporation (e.g. active, default, inactive):

NEVADA 07/11/2005. ACTIVE and in GOOD STANDING.

Describe any trading suspension orders issued by the SEC concerning the issuer or its predecessors since inception:

NONE

List any stock split, stock dividend, recapitalization, merger, acquisition, spin-off, or reorganization either currently anticipated or that occurred within the past 12 months:

The Company has entered and effectuate Three Acquisitions (3) in the Functional Nutritional Mushroom and Product Fulfillment Sectors as the e first step in executing on it long term and short term bus goals. The Company Purchased all the assets and e- commerce websites for stock and assumption of debt and liabilities on May 1, 2021.

Summary of the Acquisitions are as follows:

1. Mod Glow Corp. Share Exchange Agreement Dated May 1, 2021. The Company entered into at Share Exchange Agreement Acquiring 100% of the Assets and Liabilities and Revenues of the Company for 14,000,000 (fourteen million) shares. https://buymushroomfarm.com/
2. 117 2760 BC LTD. Share Exchange Agreement Dated May 1, 2021. The Company entered into a Share Exchange Agreement Acquiring 100% of the Assets and Liabilities and Revenues of the Company for 17,000,000 (Seventeen million) shares. https://bestmushroom.store/

The address(es) of the issuer's principal executive office:

2801 Bickford Avenue, Suite 103-366, Snohomish, WA 98290. The newly acquired companies have administrative offices located in Vancouver BC Canada.

The address(es) of the issuer's principal place of business:

Check box if principal executive office and principal place of business are the same address: ☒

Has the issuer or any of its predecessors been in bankruptcy, receivership, or any similar proceeding in the past five years?

Yes: ☐

No: ☒

If this issuer or any of its predecessors have been the subject of such proceedings, please provide additional details in the space below:

N/A

OTC Markets Group Inc.
OTC Pink Basic Disclosure Guidelines (v3.1 June 24, 2021)	Page 2 of 18

2)	Security Information
Trading symbol:	NILA
Exact title and class of securities outstanding:	COMMON STOCK CLASS A
CUSIP:		65411Y309
Par or stated value:	$0.001
Total shares authorized:	345,000,000	as of date: 07/31/2021
Total shares outstanding:	98,062,345	as of date: 07/31/2021
Number of shares in the Public Float2:	8,599,397	as of date: 07/31/2021
Total number of shareholders of record:	39	as of date: 07/31/2021

All additional class(es) of publicly traded securities (if any):

Trading symbol:	N/A
Exact title and class of securities outstanding:
CUSIP:
Par or stated value:
Total shares authorized:		as of date:
Total shares outstanding:		as of date:
Transfer Agent
Name:	Empire Stock Transfer
Phone:	[phone]
Email:	[e-mail]
Address:	1859 Whitney Mesa Drive, Henderson. NV 89014
Is the Transfer Agent registered under the Exchange Act?3 Yes: ☒	No: ☐

1. Issuance History

The goal of this section is to provide disclosure with respect to each event that resulted in any direct changes to the total shares outstanding of any class of the issuer's securities in the past two completed fiscal years and any subsequent interim period.

Disclosure under this item shall include, in chronological order, all offerings and issuances of securities, including debt convertible into equity securities, whether private or public, and all shares, or any other securities or options to acquire such securities, issued for services. Using the tabular format below, please describe these events.

1. "Public Float" shall mean the total number of unrestricted shares not held directly or indirectly by an officer, director, any person who is the beneficial owner of more than 10 percent of the total shares outstanding (a "control person"), or any affiliates thereof, or any immediate family members of officers, directors and control persons.
2. To be included in the Pink Current Information tier, the transfer agent must be registered under the Exchange Act.

OTC Markets Group Inc.
OTC Pink Basic Disclosure Guidelines (v3.1 June 24, 2021)	Page 3 of 18

A. Changes to the Number of Outstanding Shares

Check this box to indicate there were no changes to the number of outstanding shares within the past two completed fiscal years and any subsequent periods: ☒

Shares Outstanding as of Second Most Recent Fiscal Year End:

*Right-click the rows below and select "Insert" to add rows as needed.

Opening Balance

Date 04/30/2019

Common: 338,062,345

Preferred: 0

Date of

Transaction type

Number of

Class of

Value of

Were the shares

Individual/ Entity Shares

Reason for share

Restricted or

Exemption

Transaction

(e.g. new issuance,

Shares

Securities

shares

issued at a

were issued to (entities

issuance (e.g. for cash

Unrestricted as of

or

cancellation, shares

Issued (or

issued

discount to market

must have individual

or debt conversion)

this filing.

Registratio

returned to

cancelled)

($/per

price at the time of

with voting / investment

-OR-

n Type.

treasury)

share) at

issuance? (Yes/No)

control disclosed).

Nature of Services

Issuance

Provided

08/05/2019

NEW ISSUANCE

1

PREFERRED

0.001

N/A

KIM HALVORSON

DEBT CONVERSION

THIS CLASS OF

N/A

SERIES A

THROUGH

PREF SHARE

CUSTODIAL

IS NON

MANAGEMENT LLC

TRADING

06/07/2021

CANCELLATION

240,000,000

COMMON A

0.001

N/A

SHAWN BALAGHI

RETURNED DUE TO

N/A

N/A

PERSONAL

REASONS

Shares Outstanding on Date of This Report:

Ending Balance Ending Balance:

Date 07/31/2021

Common: 98,062,345

Preferred: 1

Example: A company with a fiscal year end of December 31st, in addressing this item for its quarter ended June 30, 2021, would include any events that resulted in changes to any class of its outstanding shares from the period beginning on January 1, 2019 through June 30, 2021 pursuant to the tabular format above.

Use the space below to provide any additional details, including footnotes to the table above:

1. On August 5, 2019, the Board passed a resolution converting $3,460 in dues owed to the court appointed Custodian, Custodial Management, LLC into 1 share of super voting Series A Preferred Stock. The Custodian was discharged by the District Court, Clark County Nevada on 5/22/2020, and the Preferred share was acquired, and all rights transferred to Kim Halvorson on 09/25/2020.
2. On 6/7/2021, due to personal reasons, Shawn Balaghi returned 240,000,000 shares owned by him to the Company, which were cancelled by the Share Transfer Agent.

OTC Markets Group Inc.
OTC Pink Basic Disclosure Guidelines (v3.1 June 24, 2021)	Page 4 of 18

1. On 5/01/2021 in a Share exchange agreement signed with the shareholder(s) of 1172760 BC Ltd., the Company agreed to acquire 100% of the outstanding stock of 1172760 BC Ltd, in exchange for 117,000,000 shares of Nilam Resources Inc. The acquisition was completed on 05/01/2021. The shares have not been issued and are listed as a liability on the books of the Company.
2. On 5/21//2021, in a Share exchange agreement signed with the shareholder(s) of Mod Glow Corp., the Company agreed to acquire 100% of the outstanding stock of Mod Glow Corp., in exchange for 14,000,000 shares of Nilam Resources Inc. The acquisition was completed on 05/01/2021. The shares have not been issued and are listed as a liability on the books of the Company.

Debt Securities, Including Promissory and Convertible Notes

Use the chart and additional space below to list and describe all outstanding promissory notes, convertible notes, convertible debentures, or any other debt instruments that may be converted into a class of the issuer's equity securities.

Check this box if there are no outstanding promissory, convertible notes or debt arrangements: ☒

Date of

Outstanding

Principal

Interest

Maturity

Conversion Terms (e.g.

Name of Noteholder (entities

Reason for

Note

Balance ($)

Amount at

Accrued

Date

pricing mechanism for

must have individual with

Issuance (e.g.

Issuance

Issuance ($)

($)

determining conversion of

voting / investment control

Loan, Services,

instrument to shares)

disclosed).

etc.)

Use the space below to provide any additional details, including footnotes to the table above:

There have been No Issuance of any Debt during the preceding two years.

OTC Markets Group Inc.
OTC Pink Basic Disclosure Guidelines (v3.1 June 24, 2021)	Page 5 of 18