DD Support Board and Research Team

[lmcat]

There has been no trading in RARS for months but is sitting at .20, a bit high for a pump.

Open High Low Close Volume
Sep 19, 2011 0.20 0.20 0.20 0.20 0
Sep 1, 2011 0.20 0.20 0.20 0.20 0
Aug 31, 2011 0.20 0.20 0.20 0.20 10,000
Aug 8, 2011 0.20 0.20 0.20 0.20 0

25-Oct-2011

Changes in Registrant's Certifying Accountant

Item 4.01 Changes in Registrant's Certifying Accountant.
On October 18, 2011, Rarus Minerals Inc. (the "Company") engaged M&K CPAs PLLC, an independent registered public accounting firm, as the Company's new principal independent accountant and dismissed PLS CPAs Inc. this same day.

PLS CPAs Inc. performed the audit the Company's financial statements for the period from June 24, 2010 (date of inception) through June 30, 2010; and the full fiscal year ending June 30, 2011 and was engaged by the Company as its independent accountant until October 18, 2011.

PLS CPAs Inc.'s report for the audited periods did not contain an adverse opinion or disclaimer of opinion, and were not qualified or modified as to uncertainty, audit scope, or accounting principles, other than reflecting an uncertainty as to the Company's ability to continue as a going concern.

The decision to change our principal independent accountant was approved by the board of directors of the Company.

There were no disagreements with the former accountant, on any matter of accounting principal or practices, financial statement disclosure, or auditing scope or procedure during the two most recent fiscal years and the subsequent interim period through the date of dismissal on October 18, 2011.

We provided PLS CPAs Inc. with a copy of this Current Report on Form 8-K/A prior to its filing with the SEC, and requested that they furnish us with a letter addressed to the SEC stating whether they agree with the statements made in this Current Report on Form 8-K/A, and if not, stating the aspects with which they do not agree. A revised letter from PLS CPAs Inc. is filed as Exhibit 16.1 to this Current Report on Form 8-K/A.

M&K CPAs PLLC were not engaged by the Company during the two most recent fiscal years as either principal accountant to audit our financial statements or as a consultant.

On December 13, 2011 (the "Effective Date"), Rarus Minerals Inc., a Nevada corporation (the "Company"), entered into the Eagleville Agreement to purchase certain mineral property leases from Mountain Gold Exploration, Inc. ("MGEINC") and Lane A. Griffin and Associates ("LGA") (together the "Owner"), pursuant to which the Company has the exclusive option (the "Option") to purchase a 100% interest in the Eagleville Vendor rights to 57 unpatented lode-mining claims, consisting of approximately 1140 acres, situated in the Eagleville Mining District, Mineral County, Nevada (the "Eagleville Property").

Common Shares Issuance

Owner shall receive the following shares of the Company's restricted common stock, which shall be distributed as follows:

(i) 500,000 shares of Rarus Minerals Inc. restricted common stock to MGEINC (such shares which have been issued); and

(ii) 1,000,000 shares of Rarus Minerals Inc. restricted common stock to LGA (such shares which have been issued).

Production Royalty Payment

The Company shall pay to Owner a production royalty equal to three percent (3%) of the Net Smelter Returns ("NSR") from the production or sale of Minerals from the Eagleville Property. The Company shall pay to Owner a production royalty equal to one percent (1%) of the Net Smelter Returns ("NSR") from the production or sale of Minerals from all third party properties within the area of interest ('AOI'). The production royalty for barite shall be ten percent (10%) of gross production receipts from the sale of barite within the AOI.

http://biz.yahoo.com/e/111025/rars.ob8-k_a.html