Summary of ZANDARIA VENTURES INC.

Item 2 - Management's Discussion and Analysis of Financial Condition and Results of Operations

The following discussion and analysis should be read in conjunction with our Financial Statements and Notes thereto appearing elsewhere in this Report on Form 10-Q as well as our other SEC filings.

Overview

The Company is a development stage company and has not yet generated or realized any revenues from business operations. The Company's business strategy has been focused on the Chip mineral claim in Canada. In the last quarter of fiscal 2008, the Company elected to exit this business plan and seek a different plan that would require less start-up capital or to seek potential merger candidates. The Company's auditors have issued a going concern opinion in our audited financial statements for the fiscal year ended March 31, 2008. This means that our auditors believe there is doubt that the Company can continue as an on-going business for the next twelve months unless it obtains additional capital to pay its bills. This is because the Company has not generated any revenues and no revenues are currently anticipated. Accordingly, we must raise cash from sources such as investments by others in the Company and through possible transactions with strategic or joint venture partners. We do not plan to use any capital raised for the purchase or sale of any plant or significant equipment. The following discussion and analysis should be read in conjunction with the financial statements of the Company and the accompanying notes appearing subsequently under the caption "Financial Statements."

Comparison of Operating Results for the Quarter Ended December 31, 2008 to the Quarter Ended December 31, 2007

Revenues

The Company did not generate any revenues from operations for the three months ended December 31, 2008 or 2007. Accordingly, comparisons with prior periods are not meaningful. The Company is subject to risks inherent in the establishment of a new business enterprise, including limited capital resources and cost increases in services.

Operating Expenses

Operating expenses increased $1,991 from $2,731 for the three months ended December 31, 2007 to $4,722 for the three months ended December 31, 2008. The increase in our net operating expenses is due to increased professional fees expenses incurred.

Net Loss

Net loss decreased $525 from net loss of $5,247 for the three months ended December 31, 2007 to a net loss of $4,722 for the three months ended December 31, 2008. The decrease in net operating loss is due to the lack of other comprehensive income(loss).

At December 31, 2008, our accumulated deficit was $96,438.

Assets and Liabilities

Our total assets were $7,736 at December 31, 2008. Our assets consist of cash of $7,736.

Total current liabilities are $51,199 at December 31, 2008. Our notes payable are $69,774.

Financial Condition, Liquidity and Capital Resources

At December 31, 2008, we had cash and cash equivalents of $7,736. Our working capital is presently minimal and there can be no assurance that our financial condition will improve. To date, we have not generated cash flow from operations. Consequently, we have been dependent upon our President and CEO to fund our cash requirements. Specifically, we have borrowed a total of $54,413 from him.

As of December 31, 2008, we had a working capital deficit of $43,463. The Company will seek funds from possible investors, lenders, strategic and joint venture partners and financing to cover any short term operating deficits and provide for long term working capital. No assurances can be given that the Company will successfully engage strategic or joint venture partners or otherwise obtain sufficient financing through the sale of equity.

No trends have been identified which would materially increase or decrease our results of operations or liquidity.

Comparison of Operating Results for the Nine Months Ended December 31, 2008 to the Nine Months Ended December 31, 2007

Revenues

The Company did not generate any revenues from operations for the nine months ended December 31, 2008 or 2007. Accordingly, comparisons with prior periods are not meaningful. The Company is subject to risks inherent in the establishment of a new business enterprise, including limited capital resources and cost increases in services.

Operating Expenses

Operating expenses increased $4,376 from $22,461 for the nine months ended December 31, 2007 to $26,837 for the nine months ended December 31, 2008. The increase in our net operating expenses is due to increased professional fees expenses incurred.

Net Loss

Net loss decreased $515 from net loss of $27,352 for the nine months ended December 31, 2007 to a net loss of $26,837 for the nine months ended December 31, 2008. The decrease in net operating loss is due to the lack of other comprehensive income(loss).

At December 30, 2008, our accumulated deficit was $96,438.

Assets and Liabilities

Our total assets were $7,736 at December 31, 2008. Our assets consist of cash of $7,736.

Total current liabilities are $51,199 at December 31, 2008. Our notes payable are $69,774.

Financial Condition, Liquidity and Capital Resources

No trends have been identified which would materially increase or decrease our results of operations or liquidity.

Plan of Operation

The Company's plan of operation through March 31, 2009 is to focus on finding a suitable merger candidate or a viable business plan. The Company is seeking to raise capital to implement the Company's business strategy. In the event additional capital is not raised, the Company may seek a merger, acquisition or outright sale.

Critical Accounting Policies

Use of Estimates: The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from those estimates.

Loss per share: Basic loss per share excludes dilution and is computed by dividing the loss attributable to common shareholders by the weighted-average number of common shares outstanding for the period. Diluted loss per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that shared in the earnings of the Company. Diluted loss per share is computed by dividing the loss available to common shareholders by the weighted average number of common shares outstanding for the period and dilutive potential common shares outstanding unless consideration of such dilutive potential common shares would result in anti-dilution. Common stock equivalents were not considered in the calculation of diluted loss per share as their effect would have been anti-dilutive for the periods ended December 31, 2008 and 2007.

Going Concern.

The Company has suffered recurring losses from operations and is in serious need of additional financing. These factors among others indicate that the Company may be unable to continue as a going concern, particularly in the event that it cannot obtain additional financing or, in the alternative, affect a merger or acquisition. The Company's continuation as a going concern depends upon its ability to generate sufficient cash flow to conduct its operations and its ability to obtain additional sources of capital and financing. The accompanying financial statements do not include any adjustments that may be necessary if the Company is unable to continue as a going concern.