U.S. SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                   FORM 10-QSB


(Mark One)
[X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
     ACT OF 1934

     For the quarterly period ended September 30, 2003

[ ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934

     For the transition period from _______ to _______

                         Commission file number 0-25455

                              INTERGOLD CORPORATION
        _________________________________________________________________
        (Exact name of small business issuer as specified in its charter)

            NEVADA                                                88-0365453
_______________________________                              ___________________
(State or other jurisdiction of                               (I.R.S. Employer
incorporation of organization)                               Identification No.)

                          435 Martin Street, Suite 2000
                            Blaine, Washington 98230
                    ________________________________________
                    (Address of Principal Executive Offices)

                   (360) 332-1354 (Issuer's telephone number)

                                       n/a
              ____________________________________________________
              (Former name, former address and former fiscal year,
                          if changed since last report)

Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days.

     Yes [X]   No [ ]

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date:

             Class                     Outstanding as of November 11, 2003
             _____                     ___________________________________

Common Stock, $.00025 par value                     521,184*

*Total issued and outstanding shares of Common Stock has been reduced in
accordance with reverse stock split of one-for-three hundred effected August 8,
2003.

Transitional Small Business Disclosure Format (check one)

     Yes [ ]     No [X]


<PAGE>


PART I.  FINANCIAL INFORMATION

ITEM 1.  INTERIM CONSOLIDATED FINANCIAL STATEMENTS

         CONSOLIDATED BALANCE SHEETS                                          2

         INTERIM CONSOLIDATED STATEMENTS OF OPERATIONS                        3

         INTERMIN CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY

         INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS                        4

         NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS                   5

ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
         CONDITION OR PLAN OF OPERATION

ITEM 3.  CONTROLS AND PROCEDURES

PART II. OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS                                                   16

ITEM 2.  CHANGES IN SECURITIES AND USE OF PROCEEDS                           21

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES                                     22

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS                 22

ITEM 5.  OTHER INFORMATION                                                   22

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K                                    22

SIGNATURES                                                                   23


<PAGE>


PART 1. FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS













                              INTERGOLD CORPORATION
                          (A Development Stage Company)

                    INTERIM CONSOLIDATED FINANCIAL STATEMENTS

                               SEPTEMBER 30, 2003

                                   (UNAUDITED)

















CONSOLIDATED BALANCE SHEETS

INTERIM CONSOLIDATED STATEMENTS OF OPERATIONS

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY

INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS

NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS


                                       1


<PAGE>

<TABLE>
<CAPTION>

                              INTERGOLD CORPORATION
                          (A Development Stage Company)

                           CONSOLIDATED BALANCE SHEETS

                                                                                    September 30,     December 31,
                                                                                             2003             2002
__________________________________________________________________________________________________________________
                                                                                     (Unaudited)
<S>                                                                                  <C>              <C>

                                     ASSETS

CURRENT ASSETS
   Cash                                                                              $       819      $       227
__________________________________________________________________________________________________________________

                                                                                     $       819      $       227
==================================================================================================================


               LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIENCY)

CURRENT LIABILITIES
   Accounts payable and accrued liabilities                                          $   674,146      $   592,061
   Loans payable (Note 3)                                                                418,195        1,258,718
   Notes payable                                                                               -           51,890
   Accrued Series A warrant redemption payable                                                 -           60,000
   Accrued interest payable (Note 3)                                                     277,693          534,453
__________________________________________________________________________________________________________________

                                                                                       1,370,034        2,497,122
__________________________________________________________________________________________________________________

GOING CONCERN CONTINGENCY (Note 1)

STOCKHOLDERS' EQUITY (DEFICIENCY) (Note 4)
   Common stock $.00025 par value; 200,000,000 shares authorized
      521,184 (2002 - 257,135) post reverse-split shares issued and outstanding           39,081           19,284
   Preferred stock, $.001 par value; 75,000,000 shares authorized
      Issued and outstanding
      Series A - nil shares (2002 - 6,200,000 shares)                                          -            6,200
      Series B - nil shares (2002 - 2,510,000 shares)                                          -            2,510
   Additional paid-in capital                                                         13,974,004       10,298,039
   Deficit accumulated during the development stage                                  (15,382,300)     (12,822,928)
__________________________________________________________________________________________________________________


                                                                                      (1,369,215)      (2,496,895)
__________________________________________________________________________________________________________________

                                                                                     $       819      $       227
==================================================================================================================


The accompanying notes are an integral part of these interim consolidated financial statements.

</TABLE>


                                       2


<PAGE>

<TABLE>
<CAPTION>


                              INTERGOLD CORPORATION
                          (A Development Stage Company)

                  INTERIM CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (Unaudited)


                                               Three months     Three months     Nine months     Nine months     July 26, 1996
                                               ended Sept.      ended Sept.      ended Sept.     ended Sept.     (inception) to
                                                 30, 2003         30, 2002         30, 2003        30, 2002      Sept 30, 2003
______________________________________________________________________________________________________________________________
<S>                                             <C>              <C>              <C>             <C>             <C>

REVENUE
   Other income                                 $      -         $      -         $       -       $        -      $      1,699
______________________________________________________________________________________________________________________________

EXPENSES
   Mineral property exploration expenses               -                -                                  -         5,882,078
   Directors fees                                      -                -                 -                -            21,500
   General and administrative                     32,198           25,945            97,050           80,130         4,533,655
   Interest expense                               26,416           46,345            73,489          124,274           670,220
   Loss on settlement of debt                          -                -                 -                -         1,317,540
   Professional fees (recovery)                    3,995            6,382            21,808          (37,479)        1,872,899
   Realized loss on sale of available for
       sale investment                                 -                -                 -                -            20,000
   Gain on settlement of lawsuit                       -                -                 -                -        (1,589,224)
______________________________________________________________________________________________________________________________
                                                  62,609           78,762           192,347          166,925        12,728,668
______________________________________________________________________________________________________________________________
NET LOSS FOR THE PERIOD                         $(62,609)        $(78,672)        $(192,347)      $ (166,925)     $(12,728,668)
==============================================================================================================================



BASIC NET LOSS PER SHARE                        $  (0.14)        $  (0.31)        $   (0.45)      $    (0.65)
============================================================================================================

WEIGHTED AVERAGE COMMON SHARES OUTSTANDING       449,827          257,135           428,711          257,135
============================================================================================================


The accompanying notes are an integral part of these interim consolidated financial statements.

</TABLE>


                                       3


<PAGE>

<TABLE>
<CAPTION>


                              INTERGOLD CORPORATION
                          (A Development Stage Company)

                 CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY

             FOR THE PERIOD DECEMBER 31, 2002 TO SEPTEMBER 30, 2003

                                   (UNAUDITED)

                                                                                                        Deficit
                                                                                                      Accumulated
                                                                                        Additional      during
                                            Common stock           Preferred stock       Paid-in      Development
                                          Shares       Amount      Shares      Amount    Capital         Stage          Total
                                       ____________   ________   __________   _______   ___________   ___________     ___________
<S>                                      <C>          <C>         <C>         <C>       <C>           <C>             <C>

Balance, December 31, 2002               77,140,600   $ 19,284    8,710,000   $ 8,710   $10,298,039   $(12,822,928)   $(2,496,895)


20% cumulative dividends payable on
   Conversion of Series A Preferred
   Stock                                          -          -            -         -             -     (1,371,475)    (1,371,475)

Expiry of Series A Preferred Stock
   Share Purchase Warrant                         -          -            -         -        60,000              -         60,000

Issuance of common stock in
settlement of Cumulative dividend on
converted Series A Preferred stock        5,485,900      1,371            -         -     1,370,104              -      1,371,475

Issuance of common stock pursuant to
   Conversion of Series A Preferred
   stock                                  6,200,000      1,550   (6,200,000)   (6,200)        4,650              -              -

20% cumulative dividends payable on
   Conversion of Series B Preferred
   Stock                                          -          -            -         -             -       (995,550)      (995,550)

Issuance of common stock in settlement
   of Cumulative dividend on converted
   Series B Preferred stock               1,991,100        498            -         -       995,052              -        995,550

Issuance of common stock pursuant to
   Conversion of Series B Preferred
   stock                                  2,510,000        628   (2,510,000)   (2,510)        1,882              -              -

Issuance of common stock in
   settlement of debt                    63,001,343     15,750            -         -     1,244,277              -      1,260,027
                                       __________________________________________________________________________________________

Balance before reverse stock split      156,328,943     39,081            -         -    13,974,004    (15,189,953)    (1,176,868)

300:1 reverse stock split, August 8,
   2003                                (155,807,759)         -            -         -             -              -              -

Net Loss, period ended Sept. 30, 2003             -          -            -         -             -       (192,347)      (192,347)
                                       __________________________________________________________________________________________
                                            521,184   $ 39,081            -   $     -   $13,974,004   $(15,382,300)   $(1,369,215)
                                       ==========================================================================================


The accompanying notes are an integral part of these interim consolidated financial statements.

</TABLE>


                                       4


<PAGE>

<TABLE>
<CAPTION>


                              INTERGOLD CORPORATION
                          (A Development Stage Company)

                  INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS

                                   (UNAUDITED)

                                                                    Nine months       Nine months     July 26, 1996
                                                                          ended             ended    (inception) to
                                                                 Sept  30, 2003    Sept  30, 2002     Sept 30, 2003
___________________________________________________________________________________________________________________
<S>                                                                <C>               <C>              <C>

CASH FLOWS FROM OPERATING ACTIVITIES
  Net loss for the period                                          $(192,347)        $(166,925)       $(12,779,600)
  Adjustments to reconcile net loss to net cash used in
  operating activities:
  - Depreciation                                                           -                 -               1,634
  - Loss on disposal of fixed assets                                       -                 -               2,666
  - (Gain) loss on expense recoveries and settlement of debt                           (65,501)          1,317,540
  - Gain on settlement of lawsuit                                          -                 -          (1,589,224)
  - Loss on sale of investment                                             -                 -              20,000
  - Non-cash exploration costs                                             -                 -           2,860,000
  - Changes in working capital assets and liabilities
       Notes payable                                                       -           103,597                   -
       Accounts payable                                               (3,550)            4,561             625,810
       Accrued interest payable                                       73,489           124,274             667,527
       Accrued and unpaid fees payable                                90,000                 -             736,600
__________________________________________________________________________________________________________________

NET CASH FLOWS FROM (USED IN)
OPERATING ACTIVITIES                                                 (32,408)                6          (8,137,047)
__________________________________________________________________________________________________________________

CASH FLOWS FROM INVESTING ACTIVITIES
  Acquisition of available-for-sale investments                            -                 -            (170,000)
  Equipment purchases                                                      -                 -              (4,300)
__________________________________________________________________________________________________________________

NET CASH FLOWS USED IN INVESTING ACTIVITIES                                -                 -            (174,300)
__________________________________________________________________________________________________________________

CASH FLOWS FROM FINANCING ACTIVITIES
  Advances payable                                                    33,000                 -           1,751,508
  Sale of common stock                                                     -                 -           1,957,658
  Sale of Series A preferred stock                                         -                 -           2,500,000
  Sale of Series B preferred stock                                         -                 -           1,255,000
  Net cash received on settlement of lawsuit                               -                 -             798,000
  Note payable                                                             -                 -              50,000
__________________________________________________________________________________________________________________

NET CASH FLOWS FROM FINANCING ACTIVITIES                              33,000                 -           8,312,166
__________________________________________________________________________________________________________________

INCREASE (DECREASE) IN CASH                                              592                 6                 819

CASH, BEGINNING OF PERIOD                                                227               127                   -
__________________________________________________________________________________________________________________

CASH, END OF PERIOD                                                $     819         $     133        $        819
==================================================================================================================

SUPPLEMENTAL CASH FLOW INFORMATION:
During the period the Company issued shares of common stock in settlement of
cumulative dividends payable on Series A and Series B preferred stock and in
settlement of debt. (Refer to Note 4).

The accompanying notes are an integral part of these interim consolidated financial statements.

</TABLE>


                                       5



<PAGE>


                             INTERGOLD CORPORATION
                         (A DEVELOPMENT STAGE COMPANY)
               NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS

                               SEPTEMBER 30, 2003
________________________________________________________________________________
                                  (UNAUDITED)


NOTE 1:  NATURE OF CONTINUED OPERATIONS AND BASIS OF PRESENTATION
________________________________________________________________________________

The Company was previously involved in mineral property exploration and
development. To date, the Company has not generated significant revenues from
operations and has a working capital deficit and a stockholders' deficiency of
$1,369,215 at September 30, 2003. The Company's continuance of operations and
movement into an operating basis are contingent on raising additional working
capital, settling its outstanding debts and on the future development of a new
business venture. Advances from certain significant shareholders will form the
primary source of short-term funding for the Company during the next twelve
months. Accordingly, these factors raise substantial doubt about the Company's
ability to continue as a going concern.

UNAUDITED INTERIM FINANCIAL STATEMENTS
The accompanying unaudited interim consolidated financial statements have been
prepared in accordance with generally accepted accounting principles for interim
financial information and with the instructions to Form 10-QSB of Regulation
S-B. They do not include all information and footnotes required by generally
accepted accounting principles for complete financial statements. However,
except as disclosed herein, there have been no material changes in the
information disclosed in the notes to the financial statements for the year
ended December 31, 2002 included in the Company's Annual Report on Form 10-KSB
filed with the Securities and Exchange Commission. The interim unaudited
consolidated financial statements should be read in conjunction with those
financial statements included in the Form 10-KSB. In the opinion of Management,
all adjustments considered necessary for a fair presentation, consisting solely
of normal recurring adjustments, have been made. Operating results for the nine
months ended September 30, 2003 are not necessarily indicative of the results
that may be expected for the year ending December 31, 2003.


NOTE 2:  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
________________________________________________________________________________

PRINCIPLES OF CONSOLIDATION
The consolidated financial statements include the accounts of the Company and
its wholly-owned subsidiary, International Gold Corporation ("IGC"). IGC was
acquired by purchase on July 23, 1997. The acquisition of International Gold
Corporation has been accounted for on the purchase method of accounting. All
significant intercompany transactions and account balances have been eliminated.

MINERAL PROPERTIES
The Company's resource property acquisition, exploration and development costs
were expensed as incurred. Once the Company has determined that a property can
be economically developed, further exploration and development costs are
capitalized. The capitalized costs are depleted on a property-by-property basis
over the estimated useful lives of the properties upon commencement of
commercial production using the unit-of-production method. Capitalized costs
relating to mineral properties which are sold or abandoned are written off when
such events occur. The proceeds received from property options granted are
applied against the costs of the related property and any excess is included in
earnings for the period. The Company reviews the carrying value of resource
properties whenever events or changes in circumstances indicate that the
carrying value may not be recoverable, at which time a write-down is recorded.

EARNINGS (LOSS) PER SHARE
Basic earnings (loss) per share is computed by dividing earnings (loss) for the
period by the weighted average number of common shares outstanding for the
period. Fully diluted earnings (loss) per share reflects the potential dilution
of securities by including other potential common stock, including convertible
preferred shares, in the weighted average number of common shares outstanding
for a period and is not presented where the effect is anti-dilutive. The
presentation is only of basic earnings (loss) per share as the effect of
potential dilution of securities has no effect on the current period's basic
earnings per share.

FINANCIAL INSTRUMENTS
The fair value of the Company's financial assets and financial liabilities
approximate their carrying values due to the immediate or short-term maturity of
these financial instruments.


                                       6


<PAGE>


                             INTERGOLD CORPORATION
                         (A DEVELOPMENT STAGE COMPANY)
               NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS

                               SEPTEMBER 30, 2003
________________________________________________________________________________
                                  (UNAUDITED)


NOTE 2:  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONT'D)
________________________________________________________________________________

USE OF ESTIMATES
The preparation of financial statements in conformity with generally accepted
accounting principles 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 period. Actual results
could differ from those estimates.

STOCK-BASED COMPENSATION
In December 2002, the Financial Accounting Standards Board issued Financial
Accounting Standard No. 148, "Accounting for Stock-Based Compensation -
Transition and Disclosure" ("SFAS No. 148"), an amendment of Financial
Accounting Standard No. 123 "Accounting for Stock-Based Compensation" ("SFAS No.
123"). The purpose of SFAS No. 148 is to: (1) provide alternative methods of
transition for an entity that voluntarily changes to the fair value based method
of accounting for stock-based employee compensation, (2) amend the disclosure
provisions to require prominent disclosure about the effects on reported net
income of an entity's accounting policy decisions with respect to stock-based
employee compensation, and (3) to require disclosure of those effects in interim
financial information. The disclosure provisions of SFAS No. 148 were effective
for the Company for the period ended September 30, 2003 and the required
disclosures have been made below.

The Company has elected to continue to account for stock-based employee
compensation arrangements using the intrinsic value based method in accordance
with the provisions of Accounting Principles Board Opinion No. 25, "Accounting
for Stock Issued to Employees", ("APB No. 25") and comply with the disclosure
provisions of SFAS No. 123 as amended by SFAS No. 148 as described above. Under
APB No. 25, compensation expense is recognized based on the difference, if any,
on the date of grant between the estimated fair value of the Company's stock and
the amount an employee must pay to acquire the stock. Compensation expense is
recognized immediately for past services and pro-rata for future services over
the option-vesting period. In addition, with respect to stock options granted to
employees, the Company provides pro-forma information as required by SFAS No.
123 showing the results of applying the fair value method using the
Black-Scholes option pricing model.

In accordance with SFAS No. 123, the Company applies the fair value method using
the Black-Scholes option-pricing model in accounting for options granted to
consultants.

The Company accounts for equity instruments issued in exchange for the receipt
of goods or services from other than employees in accordance with SFAS No. 123
and the conclusions reached by the Emerging Issues Task Force in Issue No.
96-18. Costs are measured at the estimated fair market value of the
consideration received or the estimated fair value of the equity instruments
issued, whichever is more reliably measurable. The value of equity instruments
issued for consideration other than employee services is determined on the
earliest of a performance commitment or completion of performance by the
provider of goods or services as defined by EITF 96-18.

The Company has also adopted the provisions of the Financial Accounting
Standards Board Interpretation No.44, Accounting for Certain Transactions
Involving Stock Compensation - An Interpretation of APB Opinion No. 25 ("FIN
44"), which provides guidance as to certain applications of APB 25. FIN 44 is
generally effective July 1, 2000 with the exception of certain events occurring
after December 15, 1998.

INCOME TAXES
The Company follows the liability method of accounting for income taxes. Under
this method, future tax assets and liabilities are recognized for the future tax
consequences attributable to differences between the financial statement
carrying amounts of existing assets and liabilities and their respective tax
balances. Future tax assets and liabilities are measured using enacted or
substantially enacted tax rates expected to apply to the taxable income in the
years in which those differences are expected to be recovered or settled. The
effect on future tax assets and liabilities of a change in tax rates is
recognized in income in the period that includes the date of enactment or
substantive enactment.

COMPARATIVE FIGURES
Certain of the comparative figures have been restated to conform to the current
year's presentation.


                                       7


<PAGE>


                             INTERGOLD CORPORATION
                         (A DEVELOPMENT STAGE COMPANY)
               NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS

                               SEPTEMBER 30, 2003
________________________________________________________________________________
                                  (UNAUDITED)


NOTE 3:  LOANS AND ACCRUED INTEREST PAYABLE
________________________________________________________________________________

LOANS PAYABLE
Loans payable are comprised of cash advances as follows:

                                                  September 30,    December 31,
                                                           2003            2002
                                                  _____________    ____________

     Sonanini Holdings Ltd.                         $       -       $  442,770

     Investor Communications International, Inc.      342,998          309,998

     Tristar Financial Services Ltd.                        -          435,119

     Brent Pierce                                      70,831           70,831
                                                    __________________________
                                                    $ 413,829       $1,258,718
                                                    ==========================


ACCRUED INTEREST PAYABLE
Demand loans and certain accounts payable bear 10% simple interest. There is
$261,978 of interest accrued on these loans and liabilities as of September 30,
2003 (2002 - $473,408). See Note 6 - Related Party Transactions.


NOTE 4:  STOCKHOLDERS' EQUITY
________________________________________________________________________________

COMMON STOCK

On March 15, 2003 the Company settled $1,260,027 in loans, notes and accrued
interest in exchange for the issuance of 210,004 post reverse-split shares of
the Company's common stock.

On March 15, 2003 the holders of 6,200,000 Series A preferred shares elected to
convert their shares to common stock. As a result cumulative undeclared
dividends totaling $1,371,475 became payable on March 15, 2003. Accordingly, the
Company issued 38,953 post reverse-split shares of common stock in exchange for
the 6,200,000 Series A preferred shares and settlement of the dividend liability
of $1,371,475 in accordance with the terms of the Series A preferred stock
described below.

On March 15, 2003 the holders of 2,510,000 Series B preferred shares elected to
convert their shares to common stock. As a result cumulative undeclared
dividends totaling $995,550 became payable on March 15, 2003. Accordingly, the
Company issued 15,004 post reverse-split shares of common stock in exchange for
the 2,510,000 Series B preferred shares and settlement of the dividend liability
of $995,550 in accordance with the terms of the Series B preferred stock
described below.

Effective March 10, 2003, the Company increased the number of authorized shares
of common stock from 125,000,000 to 200,000,000 at a par value of $.00025 per
share.

PREFERRED STOCK

The Company authorized for issuance 5,000,000 shares of Preferred Stock at a par
value of $.001 per share at December 31, 1997.

Effective August 6, 1998, the Company increased the number of authorized shares
of preferred stock from 5,000,000 to 75,000,000 at a par value of $.001 per
share.

SERIES A

Pursuant to a private placement memorandum dated August 10, 1998, the Company
offered 50 Series A units at a cost of $50,000 each for a total of $2,500,000.
Each unit consisted of 200,000 shares of Series A Preferred stock with a par
value of $.001 per share and 200,000 warrants. Each warrant entitles the holder
to purchase one share of restricted common stock at $.25 per share. The warrants
expired on July 31, 2001. The Series A preferred shares were redeemable by the
Company at any time after July 31, 2001 for $.25 per share, plus accrued and
unpaid dividends. Dividends accrued cumulatively at the


                                       8


<PAGE>


                             INTERGOLD CORPORATION
                         (A DEVELOPMENT STAGE COMPANY)
               NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS

                               SEPTEMBER 30, 2003
________________________________________________________________________________
                                  (UNAUDITED)


NOTE 4:  STOCKHOLDERS' EQUITY (CONT'D)
________________________________________________________________________________

rate of 20% per year but were payable annually in arrears when, as and if
declared by the Company's Board of Directors or upon conversion at the election
of the holders to shares of common stock. Each Series A preferred share is
convertible into one share of restricted common stock and all then accrued and
unpaid dividends are convertible into restricted common stock at the conversion
price of $.25 per share.

As of September 30, 2003, there are no Series A Preferred shares issued and
outstanding.

SERIES B

During 1999, the Company completed a private placement of Series B units
consisting of 100,000 shares of Series B preferred stock with a par value of
$.001 per share and 100,000 warrants. The terms and conditions of the Series B
unit offering are similar to those of the Series A offering except the cost per
share and any conversion price is at $0.50 per share and the Series B offering
is subordinate to the Series A offering.

As of September 30, 2003, there are no Series B Preferred shares issued and
outstanding.

REVERSE STOCK SPLIT
Effective August 7, 2003 the Company completed a reverse stock split of
one-for-three hundred of the Company's outstanding common stock, resulting in a
reduction of the then outstanding common stock from 156,328,943 shares to
521,184 shares. The par value and the number of authorized but unissued shares
of the Company's common stock was not changed as a result of the reverse stock
split.

Except for in the Statement of Stockholders' Equity, unless otherwise noted, all
references to common stock, common shares outstanding, average numbers of common
shares outstanding and per share amounts in these Financial Statements and Notes
to Financial Statements prior to the effective date of the reverse stock split
have been restated to reflect the one-for-three hundred common stock split on a
retroactive basis.


NOTE 5:  EMPLOYEE STOCK OPTION PLAN
________________________________________________________________________________

During 1997, the Company authorized a Non-Qualified Employee Stock Option Plan
for employees. The plan authorized the issuance of 2,000,000 pre reverse-split
options that can be exercised at $.50 per share of common stock and an
additional 2,500,000 pre reverse-split options that can be exercised to purchase
shares of common stock at $1.00 per share. All options granted expire December
27, 2017. Shares which may be acquired through the plan may be authorized but
unissued shares of common stock or issued shares of common stock held in the
Company's treasury. As of June 30, 2003 no stock options under the Non-Qualified
SOP have been exercised.

During the fiscal years ended December 31, 1999 and December 31, 2000, the Board
of Directors of the Company authorized the grant of stock options to certain
officers, directors and consultants. The options granted consisted of 2,000,000
pre reverse-split options with an exercise price of $.50 per share of common
stock and 1,450,000 pre reverse-split options with an exercise price of $1.00
per common share. Selected information regarding the Company's employee stock
options as of September 30, 2003 are as follows:

As of August 7, 2003, concurrent with the adoption of a New Stock Option Plan
(described below), the Board of Directors of the Company voted to terminate the
Non-Qualified SOP and to unilaterally cancel the 3,450,000 pre-reverse-split
options as granted. The Board of Directors based its decision regarding
cancellation of the stock options on the fact that the Non-Qualified SOP and
subsequent grants of stock options were done at a time when management
anticipated that the Company would have a viable and ongoing business
development venture relating to the mining claims located on the Blackhawk
Property. The grantees did not perform the services intended as the gold mining
claims did not contain any gold and associated business operations failed. The
business venture was subject to litigation (as previously disclosed in
regulatory filings) and is no longer being pursued by the Company.


                                       9


<PAGE>


                             INTERGOLD CORPORATION
                         (A DEVELOPMENT STAGE COMPANY)
               NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS

                               SEPTEMBER 30, 2003
________________________________________________________________________________
                                  (UNAUDITED)


NOTE 5:  EMPLOYEE STOCK OPTION PLAN (CONT'D)
________________________________________________________________________________

                                                      Sept. 30, 2003
                                              ______________________________
                                                                 Weighted
                                              Number of          average
                                               options        exercise price

     Outstanding at beginning of period        3,450,000        $.71/share
     Cancelled during period                  (3,450,000)       $.71/share
                                              __________        __________
     Exercisable at end of period                    Nil                 -
                                              ==========        ==========

NEW STOCK OPTION PLAN
By Directors' Resolution dated March 15, 2003 and effective August 7, 2003, the
Company adopted a New Stock Option Plan ("New SOP"). The New SOP shall be deemed
effective August 7, 2003. The New SOP provides authority for the Board to grant
Options, for the purchase of a total number of shares of the Company's post
reverse-split common stock, not to exceed 3,500,000 post reverse-split shares.
The option period of options granted under the New SOP shall be up to 10 years
and the option price per share shall be no less than the fair market value of a
share of common stock on the date of grant of the stock option. As of September
30, 2003 no options have been granted under the New SOP and no options are
outstanding.


NOTE 6:  RELATED PARTY TRANSACTIONS
________________________________________________________________________________

The Company, on January 1, 1999, entered into a management services agreement
with Investor Communications, Inc. ("ICI") to provide management of the
day-to-day operations of the Company for a two year term. The management
services agreement requires monthly payments not to exceed $75,000 for services
rendered. The Company's subsidiary entered into a similar agreement on January
1, 1999 with Amerocan Marketing, Inc. ("Amerocan") with required monthly
payments not to exceed $25,000 for services rendered for a two year term. Both
agreements were extended for a further two year term to January 1, 2003.
Subsequent to January 1, 2003, the Agreement with ICI has been extended on a
month-to month basis and the Agreement with Amerocan has expired and will not be
renewed.

An officer and director of Intergold Corporation has been contracted by ICI as
part of the management team provided to Intergold Corporation and its
subsidiary. During the nine month period ended September 30, 2003 a total of
$90,000 (2002 - $78,650) was incurred to ICI which is also a significant
shareholder, for managerial, administrative and investor relations services
provided to the Company and its subsidiary. During the nine month period ended
September 30, 2003 ICI paid a total of $25,875 (2002 - $9,075) to this officer
and director for services provided to the Company and its subsidiary. In
addition, during the nine month period ended September 30, 2003, ICI and other
shareholders paid expenses on behalf of the Company totaling $33,000 (2002 -
$24,947). As of September 30, 2003 the Company owed ICI a total of $652,805 in
accrued management fees payable, loans of $342,998 and interest of $267,959
accrued on outstanding loans and management fees payable, for a total of
$1,263,762 (2002 - $1,020,283). (Refer to Note 3)

During the nine month period ended September 30, 2003 the Company settled
$1,260,027 in loans, notes and accrued interest due to related parties in
exchange for the issuance of 210,004 post-reverse split shares of the Company's
common stock.


NOTE 7:  INCOME TAXES
________________________________________________________________________________

The Company has adopted FASB No. 109 for reporting purposes. As of September 30,
2003, the Company had net operating loss carry forwards of approximately
$11,000,000 that may be available to reduce future years' income taxable income
and will expire between the years 2006 - 2018. Due to the uncertainty of
realization the Company has provided a full valuation allowance for the deferred
tax assets resulting from these loss carry forwards.


                                       10


<PAGE>


                             INTERGOLD CORPORATION
                         (A DEVELOPMENT STAGE COMPANY)
               NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS

                               SEPTEMBER 30, 2003
________________________________________________________________________________
                                  (UNAUDITED)


NOTE 8:  SUBSEQUENT EVENT
________________________________________________________________________________


The Company commenced negotiations in early September 2003 with Lexington Oil &
Gas Ltd. Lexington Oil & Gas Ltd. is a recently organized corporation with oil
and gas operations in the State of Oklahoma. The Company has not entered into a
formal agreement with Lexington Oil & Gas Ltd. regarding definitive terms and
provisions for acquisition of Lexington Oil & Gas Ltd. and continues in its due
diligence.

Lexington Oil & Gas Ltd. has agreements to obtain varying property interests in
Garvin, Seminole, Hughes, Oklahoma, and Haskell Counties in the State of
Oklahoma as a base of minor oil and gas production and inventory. Many wells on
the property interests are shut in and require re-work programs to obtain
production. Various upgrades to wells on these leases are planned to provide a
base of minor producing wells. In addition to current property interests, the
company plans to concentrate new acquisitions in the Coal Bed Methane regions of
the State of Oklahoma where many companies have employed cost effective
horizontal drilling methods to provide long-term gas production. Certain
properties located in Oklahoma's Arkoma Basin are in stages of negotiation to
acquire property interests for the purposes of drilling. The company expects to
weight its development initiatives towards gas production.

The Board of Directors of the Company recently approved the execution of an
agreement in principle to be entered into between the Company and Lexington Oil
& Gas Ltd. The proposed agreement will be subject to standard conditions
precedent, which management believes will include board of director approval and
ratification, due diligence, and the negotiation and execution of a formal
agreement. Based upon the status of current negotiations, management believes
that by approximately mid-November, a definitive Agreement will be entered into
between the Company and Lexington Oil & Gas Ltd. It is contemplated that such
Agreement may require the issuance by the Company of up to approximately
3,000,000 shares of its restricted common stock in exchange for 100% of the
total issued and outstanding shares of Lexington Oil & Gas Ltd.

In the event that the Company is required to issue a sufficient number of shares
of its common stock, such that the former shareholders of Lexington Oil & Gas
Ltd. acquire control of the Company, the transaction will be accounted for as a
reverse acquisition with Lexington being treated as the accounting parent and
the Company being treated as the accounting subsidiary.


                                       11


<PAGE>


         Statements made in this Form 10-QSB that are not historical or current
facts are "forward-looking statements" made pursuant to the safe harbor
provisions of Section 27A of the Securities Act of 1933 (the "Act") and Section
21E of the Securities Exchange Act of 1934. These statements often can be
identified by the use of terms such as "may," "will," "expect," "believe,"
"anticipate," "estimate," "approximate" or "continue," or the negative thereof.
The Company intends that such forward-looking statements be subject to the safe
harbors for such statements. The Company wishes to caution readers not to place
undue reliance on any such forward-looking statements, which speak only as of
the date made. Any forward-looking statements represent management's best
judgment as to what may occur in the future. However, forward-looking statements
are subject to risks, uncertainties and important factors beyond the control of
the Company that could cause actual results and events to differ materially from
historical results of operations and events and those presently anticipated or
projected. The Company disclaims any obligation subsequently to revise any
forward-looking statements to reflect events or circumstances after the date of
such statement or to reflect the occurrence of anticipated or unanticipated
events.

ITEM 2. MANAGEMENT'S  DISCUSSION AND ANALYSIS OF FINANCIAL  CONDITION OR PLAN OF
        OPERATION

CURRENT BUSINESS OPERATIONS

         Intergold Corporation, a Nevada corporation (the "Company") currently
trades on the OTC Bulletin Board under the symbol IGCP.

         On September 5, 2003, the Board of Directors of the Company authorized
and approved, subject to shareholder approval, a proposed amendment to the
Company's Articles of Incorporation to effectuate a change in the name of the
Company to "Lexington Resources Inc." in the event the proposed transaction with
Lexington Oil & Gas Ltd. is consummated, or to such other name as may be
approved by the Board of Directors in its sole and absolute discretion to
reflect proposed future business operations (the "Name Change"). The Board of
Directors further authorized the preparation and circulation of an information
statement pursuant to Section 14(c) of the Securities Exchange Act of 1934, as
amended (the "Information Statement").

         On September 29, 2003, the Board of Directors of the Company caused the
Information Statement to be filed with the Securities and Exchange Commission in
connection with the taking of corporate action without a meeting upon the
written consent of ten or less shareholders holding of record a majority of the
outstanding shares of the Company's common stock (the "Written Consent"). The
Information Statement was mailed to the shareholders of the Company on
approximately November 3, 2003. The matter upon which action will be taken
pursuant to the Written Consent to be effective November 19, 2003 is to approve
a proposed amendment to the Company's Articles of Incorporation, as amended, to
effectuate the Name Change. See "Part II. Other Information. Item 4. Submission
of Matters to a Vote of Security Holders."


<PAGE>


LEXINGTON OIL & GAS LTD.

         The Board of Directors of the Company recently approved the execution
of an agreement in principle to be entered into between the Company and
Lexington Oil & Gas Ltd. (the "Agreement"). The Agreement will be subject to
standard conditions precedent, which management believes includes board of
director approval and ratification, due diligence and the negotiation and
execution of a formal agreement.

         As of the date of this Quarterly Report, the Company has not entered
into a formal agreement with Lexington Oil & Gas Ltd. regarding definitive terms
and provisions for acquisition of Lexington Oil & Gas Ltd. The Company commenced
negotiations in early September 2003 with Lexington Oil & Gas Ltd. The timeline
of negotiations between the Company and Lexington Oil & Gas Ltd., which began in
mid-September 2003 and continue to current date, have involved the assessment of
various aspects relating to the properties that would be acquired by the Company
and the potential number of shares that may be issued by the Company as
consideration for the acquisition of those assets. Lexington Oil & Gas Ltd. is a
recently organized corporation consisting of assets that have been under
development and subject to the current negotiations. As of the date of this
Quarterly Report, the Company continues it is due diligence and estimation of
assets, asset values, specifics of various oil and gas assets, potential
exploration initiatives, property land ownership confirmations, possible
property additions in similar areas, potential exploration costs and budgets,
and drilling initiatives that could be scheduled for late-November 2003, subject
to financial capability, final contractual terms and conditions, and potential
results assessments.

         Based upon the status of current negotiations, management believes that
on or before November 19, 2003, a definitive agreement will be entered into
between the Company and Lexington Oil & Gas Ltd. It is contemplated that such
agreement may require the issuance by the Company of up to approximately
3,000,000 shares of restricted common stock in exchange for 100% of the total
issued and outstanding shares of Lexington Oil & Gas Ltd. Such issuance of
shares of common stock will be based upon the Board of Directors determination,
within its fiduciary duties, of the valuation of the assets of Lexington Oil &
Gas Ltd., and the reasonable basis for establishment of the price per share, as
adequate consideration for acquisition of such assets, which is deemed to be
fair and reasonable to the existing shareholders of the Company. Negotiations
between the Company and Lexington Oil & Gas Ltd. regarding the definitive
agreement have been conducted by the Board of Directors at arms' length and in
the best interests of the shareholders of the Company. There is no affiliation
between the Company or any of its officers, directors, agents or beneficial
shareholders with Lexington Oil & Gas Ltd., or any of its directors, officers,
agents or beneficial shareholders.

         Lexington Oil & Gas Ltd. is a new company based in Oklahoma that has
agreements to obtain varying property interests in Garvin, Seminole, Hughes,
Oklahoma, and Haskell Counties in the State of Oklahoma as a base of minor oil
and gas production and inventory. Many wells on the property interests are
shut-in and require re-work programs to obtain production. Various upgrades to
wells on these leases are planned to provide a base of minor producing wells. In
addition to current property interests, the company plans to concentrate its
efforts on new acquisitions in the Coal Bed Methane regions of the State of
Oklahoma where many companies have employed cost effective horizontal drilling
methods to provide long-term gas production. Certain properties located in
Oklahoma's Arkoma Basin are in stages of negotiation to acquire property


<PAGE>


interests for the purpose of drilling. The developing oil and gas company
expects to concentrate its development initiatives weighted towards gas
production.

SALE AND PURCHASE OF INTERNATIONAL GOLD CORPORATION

         As of the date of this Quarterly Report, the Company's wholly-owned
subsidiary, International Gold Corporation ("INCG"), is deemed to be a
non-functioning entity. INGC does not have any assets and its net book value is
$0. The Board of Directors of the Company determined that obtaining shareholder
approval of the potential sale of INGC would be prudent. Therefore, the
shareholders pursuant to a previous written consent effective August 7, 2003
(the "August 7, 2003 Written Consent"), authorized and approved the sale of the
Company's subsidiary pursuant to future possible restructuring initiatives,
which included approval and authorization of any sale and purchase agreement
relating thereto (the "Sale and Purchase"). See "Part II. Other Information.
Item 4. Submission of Matters to a Vote of Security Holders."

         The Board of Directors believes that the potential sale of INGC would
be prudent and in the best interests of the shareholders based upon: (i) the
current existence of INGC as an unproductive subsidiary of the Company with no
book value; (ii) the continued existence of INGC as the Company's subsidiary
presenting no value but rather a liability in regards to potential future
operational business prospects and acquisitions, such as the proposed
acquisition of Lexington Oil & Gas Ltd.; (iii) the current corporate structure
of the Company, which includes INGC, presenting operational and structural
problems in regards to potential future operational business prospects and
acquisitions; and (iv) the future ability to easily and quickly restructure the
Company's corporate organization if deemed necessary due to contractual
provisions in regards to potential future operational business prospects and
acquisitions.

         Although the Company believes that the sale of INGC provides no
monetary value to any prospective purchaser and may be difficult to consummate,
the Sale and Purchase is expected to provide for the sale by the Company of all
of the issued and outstanding shares of common stock of INGC held by the
Company. It is expected that the Sale and Purchase will contain various
customary representations and warranties made by the Company and the proposed
purchaser. These are expected to include, among other things, representations
and warranties relating to (i) the execution and enforceability of any agreement
relating to the Sale and Purchase; (ii) the financial statements and other
financial and related information; (iii) the absence of undisclosed liabilities;
and (iv) the absence of undisclosed material changes relating to INGC.

         As of the date of this Quarterly Report, management of the Company has
not engaged in any material negotiations with a third-party purchaser regarding
INGC.

PRIOR BUSINESS OPERATIONS

         The Company's prior operational business activities were in the
business of exploration of gold and precious metals in the United States. The
Company's prior operational business activities had been carried out through its
subsidiary, INGC. INGC's primary assets previously consisted of title to a block
of 321 contiguous unpatented lode mining claims located in Lincoln County,
south-central Idaho (the "Blackhawk Property"). The Company ceased to hold title


<PAGE>


to all previously held unpatented lode mining claims that comprised the
Blackhawk Property.

         During fiscal year 2001 and 2002, the Company suspended further
exploration of the Blackhawk Property due to the existence of multiple breaches
of contract by AuRIC Metallurgical Laboratories LLC ("AuRIC") and Dames & Moore
under the respective Agreement for Services and the License Agreement and the
settlement of the lawsuit against AuRIC and Dames & Moore, as previously
reported in the Company's filings. Moreover, the Company deemed the probability
of commercial grade gold or silver located in the Blackhawk Property claims to
be nil.

         As of the date of this Quarterly Report, there has been no income
realized from the business operations of the Company. The Company's primary
source of financing during the prior fiscal years has been from proceeds
received by the Company from (i) the conversion of Series A Preferred shares
into shares of the Company's common stock at the redemption price of $0.25 per
share; (ii) the conversion of Series B Preferred shares into shares of the
Company's common stock at the redemption price of $0.50 per share; and (iii)
advances provided to the Company as debt. See "Part I. Financial Information.
Item 1. Management's Discussion and Analysis of Financial Condition or Plan of
Operation - Plan of Operation" and "Part II. Other Information. Item 2. Changes
in Securities and Use of Proceeds."

RESULTS OF OPERATION

NINE-MONTH PERIOD ENDED SEPTEMBER 30, 2003 COMPARED TO NINE-MONTH PERIOD ENDED
SEPTEMBER 30, 2002

         The Company's net loss for the nine-month period ended September 30,
2003 was approximately ($192,347) compared to a net loss of approximately
($166,925) for the nine-month period ended September 30, 2002 (an increase of
$25,422). During the nine-month periods ended September 30, 2003 and 2002, the
Company recorded no income.

         During the nine-month periods ended September 30, 2003 and 2002, the
Company did not incur any property exploration expenses as a result of the
suspension of any further exploration of the Blackhawk Property. During the
nine-month period ended September 30, 2003, the Company recorded operating
expenses of $192,347 as compared to operating expenses of $204,404 recorded
during the nine-month period ended September 30, 2002, which operating expenses
were offset by recovery of professional fees of $37,479 resulting in the net
loss of ($166,925).

         During the nine-month period ended September 30, 2003, the Company's
operating expenses consisted primarily of: (i) $97,050 as general and
administrative expenses; (ii) $73,489 as interest expense; and (iii) $21,808 as
professional fees. During the nine-month period ended September 30, 2002, the
Company's operating expenses consisted primarily of: (i) $124,274 as interest
expense; and (ii) $80,130 as general and administrative expenses. The decrease
in operating expenses during the nine-month period ended September 30, 2003
compared to the nine-month period ended September 30, 2002 was primarily due to
a decrease in interest expense resulting from a decrease in advances payable
consisting of cash advances, services and accrued interest thereon and from
related settlement of debt. General and administrative expenses generally
include corporate overhead, financial and administrative contracted services and
consulting costs.


<PAGE>


         Of the $97,050 incurred as operating expenses during the nine-month
period ended September 30, 2003, an aggregate of $90,000 was incurred payable to
Investor Communications International, Inc. ("ICI") for amounts due and owing
for operational management, administrative and financial services rendered.
During the nine-month period ended September 30, 2003, aggregate cash advances
of $33,000 were made by ICI and other shareholders to the Company and interest
accrued on such outstanding advances in the amount of $47,073. During the
nine-month period ended September 30, 2003, the Company paid $-0- to ICI towards
an aggregate total amount due of $652,805 due and owing ICI in accrued
management fees payable, loans of $342,998 and interest of $267,959 accrued on
outstanding loans and management fees payable for a total $1,263,762. The
Company's officer/director, Grant Atkins, is employed by ICI and part of the
management team provided by ICI to the Company. During the nine-month period
ended September 30, 2003, ICI paid an aggregate of $25,875 to Grant Atkins for
services provided to the Company and its subsidiary.

         The Company and ICI entered into a two-year consulting services and
management agreement dated January 1, 1999 (the "Consulting Services
Agreement"), whereby ICI performs a wide range of management, administrative,
financial, marketing and public company services including, but not limited to,
the following: (i) international business relations and strategy development,
(ii) shareholder liaison, (iii) corporate public relations, press release and
public information distribution, (iv) property exploration management, including
administration of metallurgical development, metallurgical liaison, BLM liaison,
engineering company liaison, drilling administration, geologist liaison,
mapping, survey and catalogue, geostatistical liaison, environmental research,
geological reports compilation and due diligence efforts, (v) administration,
including auditor and legal liaison, media liaison, corporate minutebook
maintenance and record keeping, corporate secretarial services, printing and
production, office and general duties, and (vi) financial and business planning
services, including capital and operating budgeting, banking, bookkeeping,
documentation, database records, preparation of financial statements and
creation of annual reports. On January 1, 2001, the Company and ICI renewed the
Consulting Services Agreement for an additional two-year period. Subsequent to
January 1, 2003, the Consulting Services Agreement has been extended on a
month-to-month basis.

         As discussed above, the increase in net loss incurred during the
nine-month period ended September 30, 2003 compared to the net loss incurred
during the nine-month period ended September 30, 2002 is attributable primarily
to the recovery of professional fees of $37,479 recorded during the nine-month
period ended September 30, 2002. The Company's net loss during the nine-month
period ended September 30, 2003 was approximately ($192,347) or $0.45 per share
compared to a net loss of approximately ($166,925) or ($0.65) per share during
the nine-month period ended September 30, 2002. The weighted average number of
shares outstanding were 428,711 for the nine-month period ended September 30,
2003 and 257,135 for the nine-month period ended September 30, 2002 (which have
been restated in accordance with the reverse stock split of one-for-three
hundred effected August 9, 2003).

THREE-MONTH PERIOD ENDED SEPTEMBER 30, 2003 COMPARED TO THREE-MONTH PERIOD ENDED
SEPTEMBER 30, 2002

         The Company's net loss for the three-month period ended September 30,
2003 was approximately ($62,609) compared to a net loss of approximately
($78,672) for the three-month period ended September 30, 2002 (a decrease of


<PAGE>


$16,063). During the three-month periods ended September 30, 2003 and 2002, the
Company recorded no income.

         During the three-month periods ended September 30, 2003 and 2002, the
Company did not incur any property exploration expenses as a result of the
suspension of any further exploration of the Blackhawk Property. During the
three-month period ended September 30, 2003, the Company recorded operating
expenses of $62,609 as compared to operating expenses of $78,672 recorded during
the three-month period ended September 30, 2002.

         During the three-month period ended September 30, 2003, the Company's
operating expenses consisted primarily of: (i) $32,198 as general and
administrative expenses; (ii) $26,416 as interest expense; and (iii) $3,995 as
professional fees. During the three-month period ended September 30, 2002, the
Company's operating expenses consisted primarily of: (i) $46,345 as interest
expense; (ii) $25,945 as general and administrative expenses; and (iii) $6,382
as professional fees. The decrease in operating expenses during the three-month
period ended September 30, 2003 compared to the three-month period ended
September 30, 2002 was primarily due to a decrease in interest expense resulting
from a decrease in advances payable consisting of cash advances, services and
accrued interest thereon and from related settlement of debt.

         As discussed above, the decrease in net loss incurred during the
three-month period ended September 30, 2003 compared to the net loss incurred
during the three-month period ended September 30, 2002 is attributable primarily
to the decrease in interest expense during the three-month period ended
September 30, 2003. The Company's net loss during the three-month period ended
September 30, 2003 was approximately ($62,609) or $0.14 per share compared to a
net loss of approximately ($78,672) or ($0.31) per share during the three-month
period ended September 30, 2002. The weighted average number of shares
outstanding were 449,827 for the three-month period ended September 30, 2003 and
257,135 for the three-month period ended September 30, 2002 (which have been
restated in accordance with reverse stock split of one-for-three hundred
effected August 8, 2003).

LIQUIDITY AND CAPITAL RESOURCES

         The Company's financial statements have been prepared assuming that it
will continue as a going concern and, accordingly, do not include adjustments
relating to the recoverability and realization of assets and classification of
liabilities that might be necessary should the Company be unable to continue in
operation.

NINE-MONTH PERIOD ENDED SEPTEMBER 30, 2003

         As of the nine-month period ended September 30, 2003, the Company's
current assets were $819 and its current liabilities were $1,370,034, which
resulted in a working capital deficit of $1,369,215. As of the nine-month period
ended September 30, 2003, the Company's total assets were $819 compared to total
assets of $227 for fiscal year ended December 31, 2002. This increase in total
assets from fiscal year ended 2002 was primarily due to an increase in cash. As
of the nine-month period ended September 30, 2003, the Company's total
liabilities were $1,370,034 compared to total liabilities of $2,497,122 for
fiscal year ended December 31, 2002. This decrease in liabilities from fiscal
year ended 2002 was due primarily to (i) a decrease in loans payable from
$1,258,718 to $418,195; (ii) a decrease in accrued interest payable from
$534,453 to $277,693; (iii) a decrease in accrued Series A warrant redemption


<PAGE>


payable resulting from conversion from $60,000 to $-0-; and (iv) a decrease in
notes payable from $51,890 to $-0-.

         Stockholders' deficit decreased from ($2,496,895) for fiscal year ended
December 31, 2002 to ($1,369,215) for the nine-month period ended September 30,
2003.

         The Company has not generated positive cash flows from operating
activities. For the nine-month period ended September 30, 2003, net cash flows
used in operating activities was ($32,408) compared to $6 of net cash flows from
operating activities for the nine-month period ended September 30, 2002. The net
operating loss of ($192,347) increased for the nine-month period ended September
30, 2003 from a net operating loss of ($166,925) for the nine-month period ended
September 30, 2002 and changes in working capital assets and liabilities
decreased to an aggregate of $159,939 for the nine-month period ended September
30, 2003 from an aggregate of $232,432 for the nine-month period ended September
30, 2002.

         Net cash flows from investing activities was $-0- for both nine-month
periods ended September 30, 2003 and 2002.

         Net cash flows from financing activities was $33,000 from advances
payable for the nine-month period ended September 30, 2003 as compared to $-0-
for the nine-month period ended September 30, 2002.

PLAN OF OPERATION

         As of the date of this Quarterly Report, there has been no income
realized from the business operations of the Company. The Company's primary
source of financing during the prior fiscal years has been from proceeds
received by the Company from (i) the conversion of Series A Preferred shares
into shares of the Company's common stock at the redemption price of $0.25 per
share; (ii) the conversion of Series B Preferred shares into shares of the
Company's common stock at the redemption price of $0.50 per share; and (iii)
advances provided to the Company as debt.

         As of December 31, 2002, there were 6,200,000 Series A Preferred shares
issued and outstanding. Each Series A Preferred share is convertible into one
share of common stock of the Company and all then accrued and unpaid dividends
are convertible into common stock at the conversion price of $0.25 per share. As
of December 31, 2002, there were 2,510,000 Series B Preferred shares issued and
outstanding. Each Series B Preferred share is convertible into one share of
common stock of the Company and all then accrued and unpaid dividends are
convertible into common stock at the conversion price of $0.50 per share.

         On March 15, 2003, the Company received conversion notices from all
remaining holders of Series A Preferred shares. Based upon the respective
conversion notices, the Board of Directors of the Company authorized the
issuance of an aggregate 11,685,900 shares of common stock (pre-Reverse Stock
Split) as follows: (i) 6,200,000 shares of common stock for the conversion of
6,200,000 shares of Series A Preferred Stock on a one-to-one basis; and (ii)
5,485,900 shares of common stock for conversion of the accrued and unpaid
dividends at the conversion price of $0.25 per share.

         On March 15, 2003, the Company received conversion notices from all
remaining holders of Series B Preferred shares. Based upon the respective


<PAGE>


conversion notices, the Board of Directors of the Company authorized the
issuance of an aggregate 4,501,100 shares of common stock (pre-Reverse Stock
Split) as follows: (i) 2,510,000 shares of common stock for the conversion of
2,510,000 shares of Series B Preferred Stock on a one-to-one basis; and (ii)
1,991,000 shares of common stock for conversion of the accrued and unpaid
dividends at the conversion price of $0.50 per share.

FUNDING

         In the event the acquisition of Lexington Oil & Gas Ltd. is
consummated, current management of the Company anticipates a possible increase
in operating expenses and capital expenditures relating to oil and gas operating
properties and acquisitions. The Company may finance these expenses with further
issuances of common stock of the Company. The Company believes that any
anticipated private placements of equity capital and debt financing, if
successful, may be adequate to fund the Company's operations over the next six
months. Thereafter, the Company expects it will need to raise additional capital
to meet long-term operating requirements. The Company may encounter business
endeavors that require significant cash commitments or unanticipated problems or
expenses that could result in a requirement for additional cash before that
time. If the Company raises additional funds through the issuance of equity or
convertible debt securities other than to current shareholders, the percentage
ownership of its current shareholders would be reduced, and such securities
might have rights, preferences or privileges senior to its common stock.
Additional financing may not be available upon acceptable terms, or at all. If
adequate funds are not available or are not available on acceptable terms, the
Company may not be able to take advantage of prospective new business endeavors
or opportunities, which could significantly and materially restrict the
Company's business operations.

MATERIAL COMMITMENTS

         A significant and estimated commitment for the Company for fiscal year
2003 is the principal amount of $1,066,634 and $277,694 in accrued interest
thereon due and owing as advances payable to related parties: (i) $995,803 in
aggregate principal and $267,959 in accrued interest due and owing to ICI; and
(ii) $70,831 in aggregate principal and $9,734 in accrued interest due and owing
to a private individual. The advances accrue interest at 10% per annum and are
due on demand.

OFF-BALANCE SHEET ARRANGEMENTS

         As of the date of this Quarterly Report, the Company does not have any
off-balance sheet arrangements that have or are reasonably like to have a
current or future effect on the Company's financial condition, changes in
financial condition, revenues or expenses, results of operations, liquidity,
capital expenditures or capital resources that are material to investors. The
term "off-balance sheet arrangement" generally means any transaction, agreement
or other contractual arrangement to which an entity unconsolidated with the
Company is a party, under which the Company has (i) any obligation arising under
a guarantee contract, derivative instrument or variable interest; or (ii) a
retained or contingent interest in assets transferred to such entity or similar
arrangement that serves as credit, liquidity or market risk support for such
assets.


<PAGE>


ITEM III. CONTROLS AND PROCEDURES

         (a) The Company, under the supervision of the President, has conducted
an evaluation of the effectiveness of the design and operation of the Company's
disclosure controls and procedures within ninety (90) days of the filing date of
this Quarterly Report. Based upon the results of this evaluation, the Company
believes that they maintain proper procedures for gathering, analyzing and
disclosing all information in a timely fashion that is required to be disclosed
in its reports under the Securities Exchange Act of 1934, as amended. There have
been no significant changes in the Company's controls subsequent to the
evaluation date.

         (b) There were no significant changes in the Company's internal control
or in other factors that could significantly affect the Company's internal
controls subsequent to the evaluation date.


PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

         No report required.

ITEM 2. CHANGES IN SECURITIES AND USE OF PROCEEDS

DEBT SETTLEMENTS

         On March 15, 2003, the Board of Directors of the Company authorized the
execution of settlement agreements between the Company and certain creditors of
the Company, and the subsequent issuance of 63,001,343 shares of its restricted
common stock (pre-Reverse Stock Split) as follows.

         (a) The Company had incurred a debt inclusive of accrued interest in
the aggregate amount of $659,862.25 to Sonanini Holdings Ltd. ("Sonanini") for
prior advances made by Sonanini to the Company evidenced by certain promissory
notes and accrued interest thereon. Therefore, the Company and Sonanini entered
into a settlement agreement dated March 25, 2003 (the "Sonanini Settlement
Agreement"). Pursuant to the terms of the Sonanini Settlement Agreement, (i) the
Company agreed to settle the $659,862.25 aggregate debt due and owing to
Sonanini by the issuance of 32,993,113 shares of its restricted common stock at
the rate of $0.02 per share (based on the average trading price of $0.013 per
share on total volume of 1,382,900 shares of the Company's common stock trading
on the OTC Bulletin Board from October 1, 2002 to January 17, 2003); and (ii)
Sonanini agreed to accept the issuance of the 32,993,113 shares of restricted
common stock as settlement and full satisfaction of the aggregate debt due and
owing it as of the date of the Sonanini Settlement Agreement.

         (b) The Company had incurred a debt inclusive of accrued interest in
the aggregate amount of $600,164.60 to TriStar Financial Services, Inc.
("TriStar") for (i) prior services rendered by TriStar on behalf of the Company
including, but not limited to, financial, administrative and managerial; and
(ii) prior advances made by TriStar to the Company evidenced by certain
promissory notes and accrued interest thereon. Therefore, the Company and Tri
Star entered into a settlement agreement dated March 25, 2003 (the "TriStar
Settlement Agreement"). Pursuant to the terms of the TriStar Settlement
Agreement, (i) the Company agreed to settle the $600,164.60 debt due and owing
TriStar by the issuance of 30,008,230 shares of its restricted common stock at
the rate of $0.02 per share (based on the average trading price of $0.013 per
share on total volume of 1,382,900 shares of the Company's common stock trading


<PAGE>


on the OTC Bulletin Board from October 1, 2002 to January 17, 2003); and (ii)
TriStar agreed to accept the issuance of the 30,008,230 shares of restricted
common stock as settlement and full satisfaction of the aggregate debt due and
owing it as of the date of the TriStar Settlement Agreement.

CONVERSION OF SERIES A AND SERIES B PREFERRED SHARES

         On March 15, 2003, the Board of Directors of the Company received
certain conversion notices regarding conversion of Series A Preferred shares and
Series B Preferred shares and all then accrued and unpaid dividends into shares
of common stock, and authorized the subsequent issuance of 16,187,000 shares of
its restricted common stock (pre-Reverse Stock Split) as follows.

         (a) On March 15, 2003, the Company received conversion notices from
certain holders of Series A Preferred shares. Based upon the respective
conversion notices, the Board of Directors of the Company authorized the
issuance of an aggregate 11,685,900 shares of common stock (pre-Reverse Stock
Split) as follows: (i) 6,200,000 shares of common stock for the conversion of
6,200,000 Series A Preferred shares on a one-to-one basis; and (ii) 5,485,900
shares of common stock for conversion of the accrued and unpaid dividends at the
conversion price of $0.25 per share.

         (b) On March 15, 2003, the Company received conversion notices from
certain holders of Series B Preferred shares. Based upon the respective
conversion notices, the Board of Directors of the Company authorized the
issuance of an aggregate 4,501,100 shares of common stock (pre-Reverse Stock
Split) as follows: (i) 2,510,000 shares of common stock for the conversion of
2,510,000 Series B Preferred shares on a one-to-one basis; and (ii) 1,991,000
shares of common stock for conversion of the accrued and unpaid dividends at the
conversion price of $0.50 per share.

REVERSE STOCK SPLIT

         The Board of Directors of the Company and the shareholders pursuant to
the August 7, 2003 Written Consent authorized and approved a reverse stock split
of one-for-three hundred of the Company's issued and outstanding shares of
common stock (the "Reverse Stock Split").

         The Reverse Stock Split was effectuated based on market conditions and
upon a determination by the Board of Directors that the Reverse Stock Split was
in the best interests of the Company and the shareholders. In the Board's
judgment the Reverse Stock Split would result in the greatest marketability of
the common stock based upon prevailing market conditions and the likely effect
on the market price of the Common Stock and other relevant factors. The intent
of the Reverse Stock Split is to increase the marketability of the Company's
common stock.

         The Reverse Stock Split was effectuated on August 8, 2003 (the
"Effective Date") upon filing the appropriate documentation with NASDAQ. The
Reverse Stock Split reduced the Company's issued and outstanding shares of
common stock from 156,328,943 to approximately 521,184 shares of common stock.
The common stock will continue to be $0.00025 par value.

         As a result of the issuance of an aggregate 79,188,343 shares of
restricted common stock (pre-Reverse Stock Split) pursuant to the Sonanini


<PAGE>


Settlement Agreement, the Tri Star Settlement Agreement and conversion of Series
A Preferred stock and Series B Preferred stock, there was a change in control of
the Company. The following table sets forth the name and address, as of the date
of this Quarterly Report, and the approximate number of shares of common stock
owned of record or beneficially by each person who owned of record, or was known
by the Company to own beneficially, more than five percent (5%) of the Company's
common stock, and the name and shareholdings of each officers and director, and
all officers and directors as a group. As of the date of this Quarterly Report,
there are 521,184 shares of the Company's common stock issued and outstanding.

________________________________________________________________________________
Title of Class     Name and Address        Amount and Nature         Percent of
                 of Beneficial Owner    of Beneficial Ownership       of Class
________________________________________________________________________________
                                                     (1)
Common Stock     Sonanini Holdings Ltd.       114,090                  21.89%
                 1006 - 100 Park Royal
                 Vancouver, British Columbia
                 Canada V7T 1A2


                                                     (1)
Common Stock     TriStar Financial            106,527                  20.44%
                   Services Inc.
                 435 Martin Street, Suite 2000
                 Blaine, Washington 98270

                                                     (1)
Common Stock     Intergold Mining              58,081                  11.14%
                   Corporation
                 3305 W. Spring Mountain Road
                 Suite 60
                 Las Vegas, Nevada 89102

                                                     (1)
Common Stock     Alexander W. Cox              76,378                  14.65%
                 428 - 755 Burrard Street
                 Vancouver, British Columbia
                 Canada V6Z 1X6


Common Stock     All officers and directors       -0-                      0%
                      as a group (1 person)

________________________________________________________________________________
(1)  These are restricted shares of common stock.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

     No report required.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

WRITTEN CONSENT

         In connection with shareholder approval of the Sale and Purchase, the
Board of Directors recently approved the execution of an agreement in principle


<PAGE>


to be entered into between the Company and Lexington Oil & Gas Ltd. (the
"Agreement"). Based upon review of a wide variety of factors considered in
connection with evaluation of the Sale and Purchase, the Board of Directors
determined that it would be in the best interests of the Company and its
shareholders to seek approval of a potential Name Change of the Company, and
corresponding Amendment to the Articles of Incorporation, to either "Lexington
Resources Inc." in the event the proposed transaction with Lexington Oil & Gas
Ltd. is consummated, or to such other resulting name as the Board of Directors
deems appropriate to reflect proposed future business operations.

         The Board of Directors authorized and directed the submission of an
Information Statement pursuant to Section 14(c) of the Securities Exchange Act
of 1934, as amended (the "Information Statement"). The preliminary Information
Statement was filed with the Securities and Exchange Commission on September 29,
2003 and the definitive Information Statement was filed on November 3, 2003. The
Information Statement was circulated to the shareholders of the Company in
connection with the taking of corporate action without a meeting upon the
written consent of ten (10) or less shareholders holding of record a majority of
the outstanding shares of the Company's common stock (the "Written Consent"). As
of September 30, 2003, (the "Record Date"), there were 521,184 shares of the
Company's common stock issued and outstanding (reduced pursuant to the Reverse
Stock Split). The names of the shareholders who will sign the Written Consent
and their respective equity ownership of the Company as of the Record Date are
as follows: (i) Alexander Cox holding of record 76,378 shares of common stock
(14.7%); (ii) Intergold Mining Corporation holding of record 58,081 shares of
common stock (11.1%); (iii) Investor Communications International Inc. holding
of record 23,308 shares of common stock (4.5%); (iv) Newport Capital Corp.
holding of record 13,594 shares of common stock (2.6%); and (v) TriStar
Financial Services Inc. holding of record 106,527 shares of common stock
(20.44%).

         The matters upon which action will be taken effective November 19, 2003
pursuant to the Written Consent include the approval of the proposed amendment
to the Company's Articles of Incorporation, as amended, to effectuate a proposed
change in the name of the Company (the "Name Change") to "Lexington Resources
Inc." in the event the proposed transaction with Lexington Oil & Gas Ltd. is
consummated, or to such other name as may be approved by the Board of Directors
of the Company, in its sole and absolute discretion, to reflect proposed future
business operation.

AUGUST 7, 2003 WRITTEN CONSENT

         Based upon review of a wide variety of factors considered in connection
with evaluation of the Sale and Purchase and the Reverse Stock Split and the
Board of Directors' determination that such actions would be fair to and in the
best interests of the Company and its shareholders, the Board of Directors
authorized and directed the submission of an Information Statement pursuant to
Section 14(c) of the Securities Exchange Act of 1934, as amended (the "July 2003
Information Statement").

         The July 2003 Information Statement was circulated to the shareholders
of the Company in connection with the taking of corporate action without a
meeting upon the written consent of ten (10) or less shareholders holding of
record a majority of the outstanding shares of the Company's common stock (the
"August 7, 2003 Written Consent"). As of June 10, 2003, (the "Record Date"),
there were 156,128,943 shares of the Company's common stock issued and
outstanding (pre-Reverse Stock Split). The names of the shareholders who signed
the August 7, 2003 Written Consent and their respective equity ownership of the


<PAGE>


Company as of the Record Date were as follows: (i) Sonanini Holdings Ltd.
holding of record 34,226,513 shares of common stock (21.89%); (ii) TriStar
Financial Services Inc. holding of record 31,957,630 shares of common stock
(20.44%); and (iii) Alexander W. Cox holding of record 22,912,400 shares of
common stock (14.66%).

         The matters upon which action was taken pursuant to the August 7, 2003
Written Consent included the: (i) authorization of the Board of Directors to
effect a reverse stock split of one-for-three hundred (the "Reverse Stock
Split") of the Company's issued and outstanding shares of common stock; (ii)
approval of the sale of the Company's subsidiary pursuant to future possible
restructuring initiatives, which included approval and authorization of any sale
and purchase agreement relating thereto (the "Sale and Purchase"); (iii)
approval of the election of Grant R. Atkins to serve as a director of the
Company until the next annual meeting of the shareholders or until his successor
has been elected and qualified; (iv) approval of a stock option plan for key
personnel of the Company (the "Stock Option Plan"); and (v) ratification of the
selection of LaBonte & Co. as the Company's independent public accountants for
the fiscal year ending December 31, 2003.

         STOCK OPTION PLAN

         On March 15, 2003, the Board of Directors of the Company unanimously
approved and adopted a stock option plan (the "Stock Option Plan"). The purpose
of the Stock Option Plan is to advance the interests of the Company and its
shareholders by affording key personnel of the Company an opportunity for
investment in the Company and the incentive advantages inherent in stock
ownership in the Company. Pursuant to the provisions of the Stock Option Plan,
stock options (the "Stock Options") will be granted only to key personnel of the
Company, generally defined as a person designated by the Board of Directors upon
whose judgment, initiative and efforts the Company may rely including any
director, officer, employee or consultant of the Company.

         The Stock Option Plan is to be administered by the Board of Directors
of the Company, which shall determine (i) the persons to be granted Stock
Options under the Stock Option Plan; (ii) the number of shares subject to each
option, the exercise price of each Stock Option; and (iii) whether the Stock
Option shall be exercisable at any time during the option period of ten (10)
years or whether the Stock Option shall be exercisable in installments or by
vesting only. The Stock Option Plan provides authorization to the Board of
Directors to grant Stock Options to purchase a total number of shares of common
stock of the Company, not to exceed 3,500,000 post-Reverse Stock Split shares as
at the date of adoption by the Board of Directors of the Stock Option Plan. At
the time a Stock Option is granted under the Stock Option Plan the Board of
Directors shall fix and determine the exercise price at which shares of common
stock of the Company may be acquired; provided, however, that any such exercise
price shall not be less than that permitted under the rules and policies of any
stock exchange or over-the-counter market which is applicable to the Company.

         In the event an optionee who is a director or officer of the Company
ceases to serve in that position, any Stock Option held by such optionee
generally may be exercisable within up to ninety (90) calendar days after the
effective date that his position ceases, and after such 90-day period any
unexercised Stock Option shall expire. In the event an optionee who is an
employee or consultant of the Company ceases to be employed by the Company, any
Stock Option held by such optionee generally may be exercisable within up to
sixty (60) calendar days (or up to thirty (30) calendar days where the optionee


<PAGE>


provided only investor relations services to the Company) after the effective
date that his employment ceases, and after such 60- or 30-day period any
unexercised Stock Option shall expire.

         No Stock Options granted under the Stock Option Plan will be
transferable by the optionee, and each Stock Option will be exercisable during
the lifetime of the optionee subject to the option period of ten (10) years or
limitations described above. Any Stock Option held by an optionee at the time of
his death may be exercised by his estate within one (1) year of his death or
such longer period as the Board of Directors may determine.

         The exercise price of a Stock Option granted pursuant to the Stock
Option Plan shall be paid in cash or certified funds upon exercise of the
option.

         INCENTIVE STOCK OPTIONS

         The Stock Option Plan further provides that, subject to the provisions
of the Stock Option Plan and prior shareholder approval, the Board of Directors
may grant to any key personnel of the Company who is an employee eligible to
receive options one or more incentive stock options to purchase the number of
shares of common stock allotted by the Board of Directors (the "Incentive Stock
Options"). The option price per share of common stock deliverable upon the
exercise of an Incentive Stock Option shall be no less than fair market value of
a share of common stock on the date of grant of the Incentive Stock Option. In
accordance with the terms of the Stock Option Plan, "fair market value" of the
Incentive Stock Option as of any date shall not be less than the closing price
for the shares of common stock on the last trading day preceding the date of
grant. The option term of each Incentive Stock Option shall be determined by the
Board of Directors, which shall not commence sooner than from the date of grant
and shall terminate no later than ten (10) years from the date of grant of the
Incentive Stock Option, subject to possible early termination as described
above.

         As of the date of this Quarterly Report, no Stock Options nor Incentive
Stock Options have been granted. The Company may cause to be filed with the
Securities and Exchange Commission registration statements on "Form S-8 - For
Registration Under the Securities Act of 1933 of Securities to Be Offered to
Employees Pursuant to Employee Benefit Plans". An S-8 registration statement may
become effective registering Stock Options under the Stock Option Plan in the
amount of 3,500,000 shares at $0.50 per share. Upon approval by the shareholders
of the Stock Option Plan, the Board of Directors will be authorized, without
further shareholder approval, to grant such options from time to time to acquire
up to an aggregate of 3,500,000 shares of the Company's restricted common stock.

ITEM 5. OTHER INFORMATION

        No report required.

ITEM 5. OTHER INFORMATION

        No report required.

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

        Exhibits:

        31.1 Section 302 Certifications - CEO.
        31.2 Section 302 Certifications - CFO.
        32.1 Section 906 Certifications - CEO.
        32.2 Section 906 Certifications - CFO.

        Reports on Form 8-K:

        Report on Form 8-K filed on March 31, 2003 regarding
        Item 1. Changes in Control of Registrant.


<PAGE>


                                   SIGNATURES


     In accordance with the requirements of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.


                              INTERGOLD CORPORATION


Dated: November 11, 2003      By: /s/ GRANT ATKINS
                              ___________________________________
                                      Grant Atkins
                                      President and
                                      Chief Executive Officer


Dated: November 11, 2003      By: /s/ VAUGHN BARBON
                              ___________________________________
                                      Vaughn Barbon
                                      Chief Financial Officer