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UNITED\ue000 STATES
SECURITIES\ue000 AND\ue000 EXCHANGE\ue000 COMMISSION
WASHINGTON,\ue000 D.C.\ue000 20549

FORM\ue000 10-K
\ue000
[X] ANNUAL\ue000 REPORT\ue000 UNDER\ue000 SECTION\ue000 13\ue000 OR\ue000 15(d)\ue000 OF\ue000 THE\ue000 SECURITIES\ue000 EXCHANGE\ue000 ACT
OF\ue000 1934
\ue000
\ue000
\ue000
\ue000
\ue000
For\ue000 the\ue000 fiscal\ue000 year\ue000 ended\ue000 \ue000November\ue000 30,\ue000 2008
\ue000
\ue000
\ue000
\ue000
[\ue000 \ue000 ]
TRANSITION\ue000 REPORT\ue000 UNDER\ue000 SECTION\ue000 13\ue000 OR\ue000 15(d)\ue000 OF\ue000 THE\ue000 SECURITIES\ue000 EXCHANGE
ACT
\ue000
\ue000
\ue000
\ue000
\ue000
For\ue000 the\ue000 transition\ue000 period\ue000 from\ue000_________\ue000 to\ue000________
\ue000
\ue000
\ue000
\ue000
\ue000
Commission\ue000 file\ue000 number:\ue000 \ue000 333-149197
Wishart\ue000 Enterprises\ue000 Limited
(Exact\ue000 name\ue000 of\ue000 registrant\ue000 as\ue000 specified\ue000 in\ue000 its\ue000 charter)
\ue000
Nevada
39-2068976
(State\ue000 or\ue000 other\ue000 jurisdiction\ue000 of\ue000 incorporation\ue000 or\ue000 organization)
(I.R.S.\ue000 Employer\ue000 Identification\ue000 No.)
\ue000
\ue000
#108-2940\ue000 Louise\ue000 Street\ue000 Saskatoon
Saskatchewan\ue000 Canada
\ue000
S7J\ue000 5K2
(Address\ue000 of\ue000 principal\ue000 executive\ue000 offices)
(Zip\ue000 Code)
\ue000
Registrant\u2019s\ue000 telephone\ue000 number:\ue000 \ue000206-339-9420
\ue000
\ue000
\ue000
Securities\ue000 registered\ue000 under\ue000 Section\ue000 12(b)\ue000 of\ue000 the\ue000 Exchange\ue000 Act:
\ue000
\ue000
\ue000
Title\ue000 of\ue000 each\ue000 class
Name\ue000 of\ue000 each\ue000 exchange\ue000 on\ue000 which\ue000 registered
none
not\ue000 applicable
\ue000
\ue000
Securities\ue000 registered\ue000 under\ue000 Section\ue000 12(g)\ue000 of\ue000 the\ue000 Exchange\ue000 Act:
\ue000
\ue000
\ue000
Title\ue000 of\ue000 each\ue000 class
Name\ue000 of\ue000 each\ue000 exchange\ue000 on\ue000 which\ue000 registered
none
not\ue000 applicable
\ue000

Indicate\ue000 by\ue000 check\ue000 mark\ue000 if\ue000 the\ue000 registrant\ue000 is\ue000 a\ue000 well-known\ue000 seasoned\ue000 issuer,\ue000 as\ue000 defined\ue000 in\ue000 Rule\ue000 405\ue000 of\ue000 the\ue000 Securities\ue000 Act.\ue000 \ue000Yes\ue000 [\ue000 \ue000 ]\ue000 No\ue000 [X]
Indicate\ue000 by\ue000 check\ue000 mark\ue000 if\ue000 the\ue000 registrant\ue000 is\ue000 not\ue000 required\ue000 to\ue000 file\ue000 reports\ue000 pursuant\ue000 to\ue000 Section\ue000 13\ue000 or\ue000 Section\ue000 15(d)\ue000 of\ue000 the\ue000 Act.\ue000Yes\ue000 [\ue000 \ue000 ]\ue000\ue000\ue000\ue000\ue000\ue000\ue000 No\ue000 [X]
Check\ue000 whether\ue000 the\ue000 Issuer\ue000 (1)\ue000 filed\ue000 all\ue000 reports\ue000 required\ue000 to\ue000 be\ue000 filed\ue000 by\ue000 Section\ue000 13\ue000 or\ue000 15(d)\ue000 of\ue000 the\ue000 Securities\ue000 Exchange\ue000 Act\ue000 during\ue000 the\ue000 past\ue000 12

months\ue000 (or\ue000 for\ue000 such\ue000 shorter\ue000 period\ue000 that\ue000 the\ue000 registrant\ue000 was\ue000 required\ue000 to\ue000 file\ue000 such\ue000 reports),\ue000 and\ue000 (2)\ue000 has\ue000 been\ue000 subject\ue000 to\ue000 such\ue000 filing\ue000 requirements\ue000 for
the\ue000 past\ue000 90\ue000 days.\ue000 \ue000Yes\ue000 [X]\ue000 No\ue000 [\ue000 \ue000 \ue000 ]

Indicate\ue000 by\ue000 check\ue000 mark\ue000 if\ue000 disclosure\ue000 of\ue000 delinquent\ue000 filers\ue000 pursuant\ue000 to\ue000 Item\ue000 405\ue000 of\ue000 Regulation\ue000 S-K\ue000 (\u00a7\ue000 229.405\ue000 of\ue000 this\ue000 chapter)\ue000 is\ue000 not\ue000 contained herein,\ue000 and\ue000 will\ue000 not\ue000 be\ue000 contained,\ue000 to\ue000 the\ue000 best\ue000 of\ue000 registrant\u2019s\ue000 knowledge,\ue000 in\ue000 definitive\ue000 proxy\ue000 or\ue000 information\ue000 statements\ue000 incorporated\ue000 by\ue000 reference in\ue000 Part\ue000 III\ue000 of\ue000 this\ue000 Form\ue000 10-K\ue000 or\ue000 any\ue000 amendment\ue000 to\ue000 this\ue000 Form\ue000 10-K.\ue000Yes\ue000 [X]\ue000 No\ue000 [\ue000 \ue000 ]

Indicate\ue000 by\ue000 check\ue000 mark\ue000 whether\ue000 the\ue000 registrant\ue000 is\ue000 a\ue000 large\ue000 accelerated\ue000 filer,\ue000 an\ue000 accelerated\ue000 filer,\ue000 a\ue000 non-accelerated\ue000 filer,\ue000 or\ue000 a\ue000 smaller\ue000 reporting company.\ue000 See\ue000 the\ue000 definitions\ue000 of\ue000 \u201clarge\ue000 accelerated\ue000 filer,\u201d\ue000 \u201caccelerated\ue000 filer\u201d\ue000 and\ue000 \u201csmaller\ue000 reporting\ue000 company\u201d\ue000 in\ue000 Rule\ue000 12b-2\ue000 of\ue000 the\ue000 Exchange Act.

Large\ue000 accelerated\ue000 filer\ue000 [\ue000 \ue000 ]\ue000 Accelerated\ue000 filer\ue000 [\ue000 \ue000 ]\ue000 Non-accelerated\ue000 filer\ue000 [\ue000 \ue000 ]\ue000 Smaller\ue000 reporting\ue000 company\ue000 [X]
Indicate\ue000 by\ue000 check\ue000 mark\ue000 whether\ue000 the\ue000 registrant\ue000 is\ue000 a\ue000 shell\ue000 company\ue000 (as\ue000 defined\ue000 in\ue000 Rule\ue000 12b-2\ue000 of\ue000 the\ue000 Exchange\ue000 Act).\ue000 \ue000 \ue000Yes\ue000 [X]\ue000 \ue000 \ue000 No\ue000 [\ue000 \ue000 ]

State\ue000 the\ue000 aggregate\ue000 market\ue000 value\ue000 of\ue000 the\ue000 voting\ue000 and\ue000 non-voting\ue000 common\ue000 equity\ue000 held\ue000 by\ue000 non-affiliates\ue000 computed\ue000 by\ue000 reference\ue000 to\ue000 the\ue000 price\ue000 at
which\ue000 the\ue000 common\ue000 equity\ue000 was\ue000 last\ue000 sold,\ue000 or\ue000 the\ue000 average\ue000 bid\ue000 and\ue000 asked\ue000 price\ue000 of\ue000 such\ue000 common\ue000 equity,\ue000 as\ue000 of\ue000 the\ue000 last\ue000 business\ue000 day\ue000 of\ue000 the
registrant\u2019s\ue000 most\ue000 recently\ue000 completed\ue000 second\ue000 fiscal\ue000 quarter.\ue000Not\ue000 available

Indicate\ue000 the\ue000 number\ue000 of\ue000 shares\ue000 outstanding\ue000 of\ue000 each\ue000 of\ue000 the\ue000 registrant\u2019s\ue000 classes\ue000 of\ue000 common\ue000 stock,\ue000 as\ue000 of\ue000 the\ue000 latest\ue000 practicable\ue000 date.\ue000 \ue00078,542,870
as\ue000 of\ue000 February\ue000 24,\ue000 2009.
\ue000
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\ue000
Processed and formatted by SEC Watch - Visit SECWatch.com
Table\ue000 of\ue000 Contents
\ue000
TABLE\ue000 OF\ue000 CONTENTS
\ue000
\ue000
Page
\ue000
PART\ue000 I
\ue000
Item\ue000 1. Business
3
Item
1A.
Risk\ue000 Factors
7
Item
1B.
Unresolved\ue000 Staff\ue000 Comments
7
Item\ue000 2. Properties
7
Item\ue000 3. Legal\ue000 Proceedings
7
Item\ue000 4. Submission\ue000 of\ue000 Matters\ue000 to\ue000 a\ue000 Vote\ue000 of\ue000 Security\ue000 Holders
7
\ue000
PART\ue000 II
\ue000
Item\ue000 5. Market\ue000 for\ue000 Registrant\u2019s\ue000 Common\ue000 Equity\ue000 and\ue000 Related\ue000 Stockholder
Matters\ue000 and\ue000 Issuer\ue000 Purchases\ue000 of\ue000 Equity\ue000 Securities
7
Item\ue000 6. Selected\ue000 Financial\ue000 Data
9
Item\ue000 7. Management\u2019s\ue000 Discussion\ue000 and\ue000 Analysis\ue000 of\ue000 Financial\ue000 Condition\ue000 and
Results\ue000 of\ue000 Operations
9
Item
7A.
Quantitative\ue000 and\ue000 Qualitative\ue000 Disclosures\ue000 About\ue000 Market\ue000 Risk
16
Item\ue000 8. Financial\ue000 Statements\ue000 and\ue000 Supplementary\ue000 Data
16
Item\ue000 9. Changes\ue000 In\ue000 and\ue000 Disagreements\ue000 With\ue000 Accountants\ue000 on\ue000 Accounting\ue000 and
Financial\ue000 Disclosure
16
Item
9A(T).
Controls\ue000 and\ue000 Procedures
16
Item
9B.
Other\ue000 Information
17
\ue000
PART\ue000 III
\ue000
Item\ue000 10.Directors,\ue000 Executive\ue000 Officers\ue000 and\ue000 Corporate\ue000 Governance
18
Item\ue000 11.Executive\ue000 Compensation
19
Item\ue000 12.Security\ue000 Ownership\ue000 of\ue000 Certain\ue000 Beneficial\ue000 Owners\ue000 and\ue000 Management\ue000 and
Related\ue000 Stockholder\ue000 Matters
21
Item\ue00013.Certain\ue000 Relationships\ue000 and\ue000 Related\ue000 Transactions,\ue000 and\ue000 Director
Independence
21
Item\ue000 14.Principal\ue000 Accountant\ue000 Fees\ue000 and\ue000 Services
21
\ue000
PART\ue000 IV
\ue000
Item\ue000 15.Exhibits,\ue000 Financial\ue000 Statement\ue000 Schedules
22
\ue000
\ue000
2
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