U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB

(Mark One)
[X]            QUARTERLY REPORT PURSUANT SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934
         For the quarterly period ended: March 31, 2000

[ ]           TRANSITION REPORT PURSUANT SECTION 13 OF 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934
         For the transition period from _______________ to ______________

                         Commission file number 0-27953

                           GOLDEN RIVER RESOURCES INC.
        (Exact name of small business issuer as specified in its charter)



               NEVADA                                   98-0187538
  (State or other jurisdiction of                      (IRS Employer
   incorporation or organization)                    Identification No.)


         2420 PANDOSY STREET, KELOWNA, BRITISH COLUMBIA, CANADA V1Y 1T8
                    (Address of principal executive offices)


                                 (250) 717-1049
                           (Issuer's telephone number)

                                 NOT APPLICABLE
              (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    No  X

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

            17,005,072 SHARES OF COMMON STOCK, $.001 PAR VALUE, AS OF
                                 MARCH 31, 2000

       Transitional Small Business Disclosure Format (check one); Yes  No  X


<PAGE>



                     Consolidated Financial Statements of

                     GOLDEN RIVER RESOURCES INC.

                     (An Exploration Stage Enterprise)

                     Nine month period ended, March 31, 2000
                     (Unaudited - Prepared by Management)



                                       2
<PAGE>
GOLDEN RIVER RESOURCES INC.
(An Exploration Stage Enterprise)
Consolidated Balance Sheet

$ United States

March 31, 2000 and June 30, 1999
<TABLE>
<CAPTION>

===========================================================================================
                                                                   March 31,       June 30,
                                                                        2000           1999
                                                       (Unaudited - Prepared
                                                               by Managment)
-------------------------------------------------------------------------------------------
<S>                                                             <C>             <C>

ASSETS
Current Assets
    Cash                                                        $    14,597     $   57,149
    Prepaid expense                                                   4,361          6,220
-------------------------------------------------------------------------------------------
                                                                     18,958         63,369

Capital assets, net of amortization                                   9,114          9,428

-------------------------------------------------------------------------------------------
                                                                $    28,072     $   72,797
===========================================================================================

LIABILITIES AND STOCKHOLDERS' DEFICIENCY
Current liabilities
    Accounts payable and accrued liabilities                    $   188,818     $  146,569
    Due to shareholders                                              22,229         12,190
    Shares to be issued for services                                    -           75,000
    Debt (note 2)                                                   100,233            -
    Interim financing payable (note 3)                               75,000            -
-------------------------------------------------------------------------------------------

                                                                    386,280        233,759

Stockholders' Deficiency
    Capital stock                                                 1,539,657      1,537,475
    Additional paid in capital                                      299,738            -
     Deficit accumulated during the exploration stage            (2,209,446)    (1,711,359)
     Accumulated other comprehensive income                          11,843         12,922
-------------------------------------------------------------------------------------------
                                                                   (358,208)      (160,962)
-------------------------------------------------------------------------------------------
                                                                $    28,072     $   72,797
===========================================================================================

</TABLE>

See accompanying notes to consolidated financial statements.


On behalf of the Board:

        Roger D. Watts                          Director
--------------------------------

        R. Bruce Manery                         Director
--------------------------------

                                       3

<PAGE>

GOLDEN RIVER RESOURCES INC.
(An Exploration Stage Enterprise)
Consolidated Statement of Loss

$ United States

Nine month period ended March 31, 2000 and 1999 (Unaudited - Prepared by
Management)
<TABLE>
<CAPTION>

========================================================================================================
                                                      From Inception       Nine Months       Nine Months
                                                     (June 13, 1997)   Ended March 31,   Ended March 31,
                                                  to March 31,  2000              2000              1999
--------------------------------------------------------------------------------------------------------
<S>                                               <C>                    <C>                <C>
Expenses
    Amortization                                        $     2,595      $     1,363        $     1,065
     Consulting fees                                        215,806          212,985                -
     Exploration of mineral properties                      358,363           42,390             52,489
     General and administrative                              94,015           31,622             27,869
     Management fees to related parties                     165,275           39,967             41,277
     Option payments to acquire mineral
       Properties                                           860,489           30,000            346,735
     Professional fees                                      274,288           89,917             75,790
     Travel and promotion                                   238,615           49,843             81,845
--------------------------------------------------------------------------------------------------------
                                                          2,209,446          498,087            627,070
--------------------------------------------------------------------------------------------------------
Loss                                                    $(2,209,446)     $  (498,087)       $  (627,070)
========================================================================================================

Weighted average number of shares                         7,878,612       16,104,134          5,776,710
Earnings per share                                      $     (0.28)     $     (0.03)       $     (0.11)
========================================================================================================
</TABLE>


See accompanying notes to consolidated financial statements.

                                       4

<PAGE>

GOLDEN RIVER RESOURCES INC.
(An Exploration Stage Enterprise)
Consolidated Statement of Stockholders' Deficiency and Comprehensive Income

$ United States

Nine month period ended March 31, 2000 and 1999 (Unaudited - Prepared by
Management)
<TABLE>
<CAPTION>




===============================================================================================================
                                                                        Deficit
                                                                    Accumulated      Accumulated
                                 Capital Stock         Additional    During the            Other          Total
                           -------------------------      Paid-In   Exploration    Comprehensive   Stockholders
                            Shares          Amount        Capital         Stage           Income         Equity
---------------------------------------------------------------------------------------------------------------
<S>                        <C>            <C>           <C>          <C>              <C>            <C>

Balance, June 30, 1999     14,822,872     $1,537,475    $    -       $(1,711,359)     $ 12,922       $(160,962)

Issued for services         1,932,200          1,932     191,288            -             -           193,220
 (Note 4(a))

Compensation cost of
  options issued to
  non-employees                   -              -        78,700             -             -            78,700

Shares issued pursuant
  to Mineral Property
  agreement (Note 4b))        250,000            250      29,750             -             -            30,000
---------------------------------------------------------------------------------------------------------------
                           17,005,072      1,539,657     299,738      (1,711,359)       12,922         140,958

Comprehensive income:
  Loss                            -              -           -          (498,087)          -          (498,087)
  Foreign currency
    translation
    adjustment                    -              -           -               -          (1,079)         (1,079)
---------------------------------------------------------------------------------------------------------------
Comprehensive loss                -              -           -          (498,087)       (1,079)       (499,166)
---------------------------------------------------------------------------------------------------------------
Balance March 31, 2000
  (Unaudited)              17,005,072     $1,539,657    $299,738    $(2,209,446)     $ 11,843       $(358,208)
===============================================================================================================
</TABLE>

See accompanying notes to consolidated financial statements.

                                       5
<PAGE>

GOLDEN RIVER RESOURCES INC.
(An Exploration Stage Enterprise)
Consolidated Statement of Cash Flows

$ United States

Nine month period ended March 31, 2000 and 1999 (Unaudited - Prepared by
 Management)

<TABLE>
<CAPTION>

====================================================================================================
                                                From Inception         Nine months       Nine Months
                                               (June 13, 1997)     Ended March 31,   Ended March 31,
                                            to March 31,  2000                2000              1999
----------------------------------------------------------------------------------------------------
<S>                                               <C>                   <C>               <C>

Loss                                              $(2,209,446)          $(498,087)        $(627,070)

Cash flows from operating activities:
   Items not involving cash:
      Amortization                                      2,595               1,363             1,065
      Option payments to acquire mineral
         properties                                    60,000              30,000            30,000
      Compensation cost of options issued
         to non-employees                              78,700              78,700               -
      Consulting fees paid with share
         consideration                                118,220             118,220               -
Accounts payable and accrued liabilities              141,998              42,249           (16,590)
Other changes in non-cash operating
      working capital                                   4,361              11,898               -
----------------------------------------------------------------------------------------------------
                                                   (1,803,572)           (215,657)         (612,595)
Cash flows from investing activities:
      Purchase of capital assets                      (12,467)             (1,049)           (5,739)

Cash flows from financing activities:
      Proceeds from interim financing                  75,000              75,000               -
      Proceeds from debt                              100,233             100,233               -
      Issuance of capital stock                       903,971                 -              15,399
      Proceeds from realization of assets
        acquired from the business
        combination with Golden River                 739,589                 -             739,589
----------------------------------------------------------------------------------------------------
                                                    1,818,793             175,233           754,988
Foreign currency translation adjustment                11,843              (1,079)          (15,612)
----------------------------------------------------------------------------------------------------
Increase (decrease) in cash                            14,597             (42,552)          121,042

Cash position, beginning of period                        -                57,149            12,798
----------------------------------------------------------------------------------------------------
Cash position, end of period                      $    14,597           $  14,597         $ 133,840
====================================================================================================

Supplementary Information
      Interest paid                                       -                   -                 -
      Income taxes paid                                   -                   -                 -

Non-cash investing and financing activities
      Common shares issued under mineral
        property agreements                       $    60,000           $  30,000         $  30,000
      Common shares issued for services               193,220             193,220               -
====================================================================================================
</TABLE>

See accompanying notes to consolidated financial statements.

                                       6

<PAGE>

GOLDEN RIVER RESOURCES INC.
(An Exploration Stage Enterprise)
Notes to Consolidated Financial Statements

$ United States

Nine month period ended March 31, 2000 and 1999
(Unaudited - Prepared by Management)
================================================================================

1.   SIGNIFICANT ACCOUNTING POLICIES:

     (a)  In the opinion of management,  all  adjustments  (consisting of normal
          recurring  items)  necessary  for  the  fair   presentation  of  these
          unaudited  financial  statements in conformity with generally accepted
          accounting principles have been made.

     (b)  The Company's  subsidiary,  Rob Roy Resources Ltd., operates in Canada
          and its operations are conducted in Canadian currency.

          These consolidated statements are presented in United States currency.
          The method of translation applied is as follows:

          i)   Assets and  liabilities are translated at the rate of exchange in
               effect at the balance  sheet date,  being US $1.00 per Cdn $1.465
               at March 31, 2000;

         ii)   Revenues  and  expenses are  translated  at the exchange  rate in
               effect at the transaction date; and

        iii)   The net adjustment  arising from the translation is recorded as a
               separate  component of  stockholders'  equity called  "Cumulative
               translation  adjustment" which is included in "Accumulated  other
               comprehensive income."

     (c)  Loss per share

          Loss per share has been calculated  using the weighted  average number
          of common  shares  outstanding  during the  period.  The effect of the
          contingent  stock issues  pursuant to the La Mexicana  agreement (note
          4), and the stock  options  issued during the period (note 5) have not
          been  included  in  the   computation   because  to  do  so  would  be
          anti-dilutive.

2.   DEBT:

     The debt  represents  advances  made to the  Company by  shareholders  who,
     individually,  own less than 5% of the  outstanding  shares of the Company.
     The advances do not bear interest, have no fixed terms of repayment and are
     not pursuant to a written agreement.

3.   INTERIM FINANCING PAYABLE:

     On January 24, 2000, the Company signed an interim financing agreement with
     an  unrelated  party for  $75,000.  The  financing  under the  agreement is
     repayable in full by July 24, 2000,  bears interest at 8% and is guaranteed
     by two Directors of the Company. In conjunction with signing the agreement,
     the lender received 150,000 common shares of the Company from a shareholder
     who owns less than 5% of the Company.


                                       7
<PAGE>



GOLDEN RIVER RESOURCES INC.
(An Exploration Stage Enterprise)
Notes to Consolidated Financial Statements

$ United States

Nine month period ended March 31, 2000 and 1999
(Unaudited - Prepared by Management)
================================================================================

4.   ISSUANCE OF COMMON STOCK:

     a)   For services

          During the nine months  ended  March 31,  2000,  the Company  received
          consulting  services from an unrelated  party with respect to securing
          investors,  outside the United States,  in the Company's common stock.
          On November  17,  1999,  pursuant to a  subscription  agreement  dated
          September 23, 1999,  these services were paid for with the issuance of
          1,182,200  common  shares  at a price of $0.10  per  share,  being the
          market value of the common stock at that date. The value of the shares
          issued,  aggregating $118,220, was equivalent to the fair value of the
          services provided.

          The Company also issued  750,000  common  shares  during the period in
          consideration for similar  consulting  services received prior to June
          30,  1999.  The  value of these  services,  aggregating  $75,000,  was
          accrued  in the  accounts  of the  Company  at June  30,  1999  and is
          equivalent to the market value of the shares issued during the period.

          The  aggregate of the 1,182,200  common shares and the 750,000  common
          shares equals the 1,932,200  common shares  disclosed as issued in the
          period in the consolidated  statement of stockholders'  deficiency and
          comprehensive income.

     b)   Mineral property

          During the nine  months  ended  March 31,  2000,  the  Company  issued
          250,000 shares at $0.12 per share, being the market value of the stock
          at the date of issue.  The shares were issued pursuant to the terms of
          the La Mexicana option agreement as disclosed in note 7 b) to the June
          30, 1999 audited consolidated  financial statements.  The terms of the
          options agreement require the issuance of an additional 500,000 common
          shares prior to March 10, 2002.

5.   STOCK OPTION PLAN:

     During 1999,  the Company  adopted a stock  option plan whereby  directors,
     officers  and  employees of the Company were granted the right to subscribe
     for up to 10% of the issued and outstanding shares of the Company at prices
     to be fixed at the time the options are granted. Options issued pursuant to
     the Plan have a vesting period of three months,  and expire five years from
     the date of issue. The Company applies APB Opinion NO. 25 in accounting for
     its employee stock option plan whereby  compensation  cost is recorded only
     to the extent that the market price exceeds the exercise  price at the date
     of grant and, accordingly, no compensation cost is recognized for its stock
     options in these financial  statements.  Options  granted to  non-employees
     will be accounted for at their fair value at the date of grant.

     During the period ended March 31, 2000, the Company issued 1,450,000 common
     share stock  options.  These stock options have an exercise  price of $0.10
     per share,  a vesting date of December 23, 1999 and expire on September 23,
     2004.

     Of these options,  1,050,000 were granted to non-employees.  The fair value
     of $78,700 of these  options has been  determined  using the Black  Scholes
     Method  using the expected  life to be the life of the options,  volatility
     factor of 95%, risk free rate of 5.5% and no assumed dividend rate, and has
     been included in the determination of the loss for the period.


                                       8
<PAGE>


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

Effective  March 10, 1999, the Company  completed the acquisition of 100% of the
outstanding  common shares of Rob Roy Resources Inc. ("Rob Roy"). As the Rob Roy
shareholders  obtained  effective control of the Company through the exchange of
their  shares of Rob Roy for shares of the  Company,  the  acquisition  has been
accounted  for  in  these  consolidated   financial   statements  as  a  reverse
acquisition.  Consequently,  the consolidated statements of loss and deficit and
changes in cash  flows  reflect  the  results  from  operations  and  changes in
financial position of Rob Roy, the legal subsidiary, for the year ended June 30,
1999  combined  with those of the Company,  the legal  parent,  from the date of
acquisition on March 10, 1999, in accordance with generally accepted  accounting
principles for reverse  acquisitions.  In addition,  the comparative figures are
those of Rob Roy, the legal subsidiary.

The Company's  fiscal year end is June 30. The following is a summary of certain
selected  financial  information  for the nine months ended March 31, 2000,  the
fiscal year ended June 30, 1999,  and the period from its date of  incorporation
to June 30, 1998.  Reference should be made to the financial statements attached
to this  registration  statement to put the  following  summary in context.  All
dollar figures referred to in this section relating to the Company are listed in
US dollars unless otherwise noted.


<TABLE>
<CAPTION>
------------------------------------------------------------------------------------
                                                                  Inception(June 13,
                          Nine Months ended      Year ended       1997) to June 30,
                           March 31, 2000      June 30, 1999       1998 (unaudited)
------------------------------------------------------------------------------------
<S>                       <C>                   <C>               <C>
Revenues
(Loss) from
continuing operations       $(498,087)         $(1,202,151)          $(509,208)

(Loss) per common
share                       $   (0.03)         $     (0.15)          $   (0.26)
------------------------------------------------------------------------------------
                           March 31, 2000      June 30, 1999         June 30, 1998
------------------------------------------------------------------------------------
Working capital
(deficiency)                $(367,322)         $  (170,390)          $ (28,983)

Total assets                $  28,072          $    72,797           $  12,798
Long-term obligations       $     --           $       --            $     --
------------------------------------------------------------------------------------
</TABLE>

RESULTS OF OPERATIONS

During the nine months  ended  March 31,  2000,  the Company  incurred a loss of
$498,087 due to  expenditures  for consulting  fees  ($212,985),  exploration of
mineral properties ($42,390),  professional fees ($89,917), travel and promotion
($49,843),  and general and administrative  ($31,622).  In addition, the Company
incurred $30,000 in option payments to acquire mineral properties. This compares
to a loss of $627,070 for the nine months  ended March 31,  1999,  with the most
significant  expenditure  being $346,735 in option  payments to acquire  mineral
properties.

                                       9
<PAGE>

Due to the  lack  of any  revenues,  and the  cumulative  losses  of  $1,711,359
incurred through June 30, 1999, and $2,209,446  through March 31, 2000, there is
a substantial  doubt about the Company's ability to continue as a going concern,
as noted in the report of the  independent  auditors on the Company's  financial
statements. The Company requires additional financing to continue operations and
to undertake the exploration programs described below. If it is unable to obtain
such  financing,  it may be  unable  to  continue  operations  or  engage in the
exploration programs.

FINANCIAL CONDITION

Since inception,  the Company's capital resources have been limited. The Company
has had to rely upon the sale of equity securities for cash required to fund the
administration  of the Company.  From its inception  through March 31, 2000, the
Company has raised  $730,823,  net of share  issuance costs from the sale of its
Common Stock. In addition,  850,000 shares have been issued for mineral property
options and 200,000 shares have been issued for services. Since the Company does
not expect to generate any revenues in the near future, it will have to continue
to rely upon sales of equity and debt  securities to raise  capital.  It follows
that there can be no assurance  that  financing,  whether  debt or equity,  will
always be available to the Company in the amount required at any particular time
or for any particular period or, if available,  that it can be obtained on terms
satisfactory to the Company.

At March 31, 2000, the Company had a working capital deficiency of $367,322. The
increase  was due  primarily  to the loss  incurred  during the nine months then
ended.

PLAN OF OPERATION

In  addition  to option  payments  of $5,000  due  toward  the  January  1, 2000
installment , the Company is required to invest a total of $300,000 on or before
June 12, 2000 and $1,000,000 on or before February 12, 2001 on work commitments.
The Company must also issue  750,000  shares of Common Stock by March 2002.  The
Company  issued the minimum of 250,000  shares by  February  12,  2000,  leaving
500,000  shares to be issued by March 2002. The Company plans to conduct a Phase
1  regional  geochemical  survey  over  the La  Mexicana  property  at a cost of
approximately $19,000. The Phase 1 program will be followed by a Phase 2 program
at a cost of  approximately  $77,000.  The Company does not  presently  have the
funds available for either the Phase 1 or Phase 2 program and will have to raise
additional  funds by way of debt or equity in order to finance same. It does not
have  any  arrangements  for  such  funding  at  present.  See  Part I - Item 3.
Description of Property, below, for more detail on the proposed work programs of
the Company.  If the Company were unable to raise the funds necessary to satisfy
the option payment and work commitment  requirements,  the Company would seek an
extension  from the optionor of the  Mexicana I property.  There is no assurance
that the Company would be able to obtain an extension.  If the Company defaulted
in its  obligations,  the option  agreement  would be terminated and the Company
would lose everything of value paid for the property.

In addition to the property  obligations  described in the preceding  paragraph,
the Company has only normal trade obligations. As of March 31, 2000, these trade
obligations were $188,818,  of which


                                       10
<PAGE>



approximately  $93,000 was  outstanding  for more than 90 days. The officers and
directors of the Company and the persons to whom debt of $100,233 is owed,  have
not given the  Company  a fixed  date for  repayment.  The  persons  to whom the
$100,233 is owed are shareholders who own less than 5% of the outstanding shares
of the  Company.  The  advances  do not bear  interest,  have no fixed  terms of
repayment, and are not pursuant to a written agreement.

As of March 31,  2000,  the  Company  had  approximately  $14,600  cash on hand.
Pursuant to an interim  financing  agreement dated January 24, 2000, the Company
borrowed  $75,000 from an unrelated  party.  These  proceeds have  satisfied the
Company's cash  requirements  through April,  2000. The interim  financing bears
interest at 8%, is due in full by July 24, 2000,  and is  guaranteed by R. Bruce
Manery and Roger Watts,  officers and directors of the Company. The Company will
need to obtain  additional  funds  through loans of this sort or the sale of its
equity  securities  to maintain  its  operations.  The Company  would be able to
maintain an office, but would not be able to undertake the exploration  programs
on the property,  make any option  payments,  or service any existing  debt. The
Company does not intend to hire any more  full-time  employees  over the next 12
months.  Subject to the  availability  of funds the Company will hire additional
employees  and  consultants  on a  part-time  basis in  order  to carry  out its
proposed  work  programs.  The Company does not intend to make any  purchases of
plant or equipment over the next 12 months.

If the  Transmeridian  transaction  should be  completed,  the Company  would be
required to arrange for a private  placement in the minimum amount of $2,000,000
to cover immediate working capital and project costs. Since the Company has just
started its due diligence work on Transmeridian and no progress has been made in
recent months, management does not believe that the acquisition of Transmeridian
is probable.  Accordingly,  the Company has not made any plans with respect to a
proposed private placement.

                                       11

<PAGE>
                           PART II - OTHER INFORMATION

ITEM 1.           LEGAL PROCEEDINGS

                  Not Applicable.

ITEM 2.           CHANGES IN SECURITIES

                  Not Applicable.

ITEM 3.           DEFAULTS UPON SENIOR SECURITIES

                  Not Applicable.

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

                  Not Applicable.

ITEM 5.           OTHER INFORMATION

                  Not Applicable.

ITEM 6.           EXHIBITS AND REPORTS ON FORM 8-K

                  A)       EXHIBITS
<TABLE>
<CAPTION>

       REGULATION                                                                                CONSECUTIVE
       S-B NUMBER         DOCUMENT                                                                 PAGE NO.
       <S>                <C>                                                                    <C>
          2.1             Offer to Purchase (1)<F1>                                                      N/A

          3.1             Articles of Incorporation (1)<F1>                                              N/A

          3.2             Bylaws (1)<F1>                                                                 N/A

          10.1            Mexicana I Agreement dated as of February 12, 1998 (1)<F1>                     N/A

          10.2            La Lajita Agreement dated as of February 12, 1998 (1)<F1>                      N/A

          10.3            1999 Stock Option Plan (1)<F1>                                                 N/A

          10.4            Agreement with Transmeridian Exploration Inc., as amended (1)<F1>              N/A

          10.5            Letter of Intent with OREX Gold Mines Corporation (1)<F1>                      N/A

          10.6            Mexicana I Agreement dated as of November 12, 1999 (1)<F1>                     N/A

          10.7            Interim Financing Agreement (1)<F1>                                            N/A

           21             Subsidiaries of the Registrant (1)<F1>                                         N/A

           27             Financial Data Schedule<F1>                                                    14


                                       12
<PAGE>

<FN>
(1)<F1>  Incorporated by reference to the exhibits filed with the  Registration  Statement on Form 10-SB,  File No.
         0-27953
</FN>
</TABLE>

                  B)       REPORTS ON FORM 8-K:

                           None.


                                   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.

                                            GOLDEN RIVER RESOURCES INC.
                                            (Registrant)



Date:    May 11, 2000                       By: /s/Robert Bruce Manery
                                               --------------------------------
                                               Robert Bruce Manery, Secretary
                                               (Principal financial officer)



<PAGE>



                                   Exhibit 27

                             Financial Data Schedule