You should read the following discussion together with our consolidated financial statements and the related notes included elsewhere in this report. This discussion contains forward-looking statements, which involve risks and uncertainties. Our actual results may differ materially from those we currently anticipate as a result of many factors.





Forward Looking Statements

Some of the information in this section contains forward-looking statements that involve substantial risks and uncertainties. You can identify these statements by forward-looking words such as "may," "will," "expect," "anticipate," "believe," "estimate" and "continue," or similar words. You should read statements that contain these words carefully because they:





?      discuss our future expectations;

?      contain projections of our future results of operations or of our
       financial condition; and

?      state other "forward-looking" information.

We believe it is important to communicate our expectations. However, there may be events in the future that we are not able to accurately predict or over which we have no control. Our actual results and the timing of certain events could differ materially from those anticipated in these forward-looking statements as a result of certain factors, including those set forth under "Risk Factors," "Business" and elsewhere in this report.

Unless stated otherwise, the words "we," "us," "our," the "Company" or "Aureus," "ARSN" in this section collectively refer to Yuengling's Ice cream Corporation (f/k/a Aureus Incorporated), a Nevada corporation.





Plan of Operations

Results of Operations for the Fiscal Year Ended October 31, 2016 compared to the Fiscal Year Ended October 31, 2015.





Revenue

We had $0 in revenues for the fiscal year ended October 31, 2016, versus revenues of $0 for the fiscal year ended October 31, 2015.







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Operating Expenses

General & Administrative Expenses

General and administrative expenses include professional fees, costs associated, press releases, public relations, rent, sponsorships, and other expenses. We incurred general and administrative expenses of $138,344 for the fiscal year ended October 31, 2016, versus $61,094 for the fiscal year ended October 31, 2015, an increase of $77,250 (126.44%). This increase was due to having higher consulting fees and higher professional fees and the purchase of mining equipment in 2016.





Other Income (Expense)

Our other income and expenses include interest expense and depreciation. We recognized other expenses of $22,805 for the fiscal year ended October 31, 2016, versus other expenses of $0 for the fiscal year ended October 31, 2015. The increase of $22,805 (22,805%) was due to an increase in interest expense.





Net Losses

We incurred a net loss of $161,149 for the fiscal year ended October 31, 2016, versus $76,094 for the fiscal year ended October 31, 2015, representing a $85,055 (111.78%) increase. This increase was due to having higher consulting fees and higher professional fees and the purchase of mining equipment in 2016.

Liquidity and Capital Resources

Liquidity and Capital Resources for the Fiscal Year Ended October 31, 2016, Compared to the Fiscal Year Ended October 31, 2015.

The following table summarizes the sources and uses of cash for the periods stated. The Company held no cash equivalents for any of the periods presented.





                                                          For the Fiscal Year Ended October 31,
                                                              2016                     2015
Cash, beginning of period                              $               924       $          32,725
Net cash used in operating activities                             (113,757 )               (53,602 )
Net cash used in investing activities                              (18,857 )                     -
Net cash provided by financing activities                          140,000                  21,801
Cash, end of period                                    $             8,310       $             924




Operating Activities

For the fiscal year ended October 31, 2016, we used $113,757 of cash in operations, which included our net loss of $161,149 an increase of accounts payable of $23,289 Cash flows remained relatively consistent year-over-year but the negative cash flow from operations is primarily due to the start-up/lower volume nature of the operations.

In the fiscal year ended October 31, 2015, we used $53,602 of cash in operations. This was made up primarily from a net loss of $76,094 and a $15,000 impairment of a mineral property.





Investing Activities

Net cash used in investing activities for the fiscal year ended October 31, 2016, of ($18,857) resulted from the purchase of equipment. Net cash used in investing activities for the fiscal year ended October 31, 2015, of $0 resulted from no activity.







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Financing Activities

Net cash provided by financing activities was $140,000 for the fiscal year ended October 31, 2016, which consisted of $140,000 of proceeds from notes payable. Net cash provided by financing activities was $21,801 for the fiscal year ended October 31, 2015, which consisted of $20,000 of proceeds from notes payable, and $1,801from a related party loan.





Future Capital Requirements

Our current available cash and cash equivalents are insufficient to satisfy our liquidity requirements. Our capital requirements for the fiscal year ending October 31, 2021, will depend on numerous factors, including management's evaluation of the timing of projects to pursue. Subject to our ability to generate revenues and cash flow from operations and our ability to raise additional capital (including through possible joint ventures or partnerships), we expect to incur substantial expenditures to carry out our business plan, as well as costs associated with our capital raising efforts and being a public company.

Our plans to finance our operations include seeking equity and debt financing, alliances or other partnership agreements, or other business transactions that would generate sufficient resources to ensure the continuation of our operations.

The sale of additional equity or debt securities may result in further dilution to our stockholders. If we raise additional funds through the issuance of debt securities or preferred stock, these securities could have rights senior to those of our Common Stock and could contain covenants that would restrict our operations. Any such required additional capital may not be available on reasonable terms, if at all. If we were unable to obtain additional financing, we may be required to reduce the scope of, delay or eliminate some or all of our planned activities and limit our operations, which could have a material adverse effect on our business, financial condition, and operations results.





Inflation

The amounts presented in our consolidated financial statements do not provide for the effect of inflation on our operations or financial position. The net operating losses shown would be greater than reported if the effects of inflation were reflected either by charging operations with amounts representing replacement costs or using other inflation adjustments.





Going Concern

The accompanying audited 2016 financial statements have been prepared on a going concern basis. For the fiscal year ended October 31, 2016, we had a net loss of $161,149, had net cash used in operating activities of ($113,757), an accumulated deficit of ($338,823) and stockholders' deficit of ($211,923).

Our ability to continue as a going concern depends on our ability to obtain the necessary financing to meet our obligations and repay our liabilities arising from normal business operations when they come due, fund possible future acquisitions, and generate profitable operations in the future. Our management plans to provide for our capital requirements by continuing to issue additional equity and debt securities. The outcome of these matters cannot be predicted at this time, and there are no assurances that, if achieved, we will have sufficient funds to execute our business plan or generate positive operating results. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Off-Balance Sheet Arrangements

Our liquidity is not dependent on the use of off-balance sheet financing arrangements (as that term is defined in Item 303(a) (4) (ii) of Regulation S-K) and as of October 31, 2016 we had no such arrangements. There has been no material change in our contractual obligations other than in the ordinary course of business since the fiscal year ended October 31, 2016.

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