SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 10-K

                ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF
                      THE SECURITIES EXCHANGE ACT OF 1934

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

     For the fiscal year ended July 31, 2009.

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

                        Commission file number: 000-52296

                              WOLF RESOURCES, INC.
             (Exact name of registrant as specified in its charter)

                 Nevada                                          20-2414965
     (State or other jurisdiction of                          (I.R.S. Employer
      incorporation or organization)                         Identification No.)

       564 Wedge Lane, Fernley, NV                                 89408
(Address of principal executive offices)                         (Zip Code)

                                  403-585-9144
                (Issuer's Telephone Number, Including Area Code)

       Securities to be registered pursuant to Section 12(b) of the Act:

                                                           Name Of Each Exchange
     Title Of Each Class                                     On Which Registered
     -------------------                                     -------------------
Common Stock, Par Value $0.001                                       n/a

          Securities registered pursuant to Section 12(g) of the Act:


                                                           Name Of Each Exchange
     Title Of Each Class                                     On Which Registered
     -------------------                                     -------------------
                                      none

Indicate by check mark if the registrant is a well-known seasoned issuer, as
defined in Rule 405 of the Securities Act Yes [ ] No [X]

Indicate by check mark if the registrant is not required to file reports
pursuant to Section 13 or Section 15(d) of the Act. Yes [ ] No [X]

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 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 [ ]

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405
of Regulation S-B (ss. 229.405 of this chapter) is not contained herein, and
will not be contained, to the best of registrant's knowledge, in definitive
proxy or information statements incorporated by reference in Part III of this
Form 10-K or any amendment to this Form 10-K. [ ]

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

Large accelerated filer [ ]                        Accelerated filer [ ]
Non-accelerated filer [ ]                          Smaller reporting company [X]
(do not check if a smaller reporting company)

Indicate by check mark whether the registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act). Yes [X] No [ ]

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

            $45,000 based on the last sale price of our common stock

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

             8,500,000 shares of common stock as at October 7, 2009
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                                TABLE OF CONTENTS

                                                                            Page
                                                                            ----

ITEM 1:  BUSINESS..........................................................   3

ITEM 1A: RISK FACTORS......................................................   6

ITEM 1B: UNRESOLVED STAFF COMMENTS.........................................  10

ITEM 2:  PROPERTIES........................................................  11

ITEM 3:  LEGAL PROCEEDINGS.................................................  11

ITEM 4:  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS...............  11

ITEM 5:  MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS..........  12

ITEM 6:  SELECTED FINANCIAL DATA...........................................  12

ITEM 7:  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.........  12

ITEM 7A: QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK........  13

ITEM 8:  FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA......................   14

ITEM 9:  CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING
         AND FINANCIAL DISCLOSURES........................................   24

ITEM 9A: CONTROLS AND PROCEDURES..........................................   24

ITEM 9B: OTHER INFORMATION................................................   25

ITEM 10: DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE...........   25

ITEM 11: EXECUTIVE COMPENSATION...........................................   26

ITEM 12: SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
         AND RELATED STOCKHOLDER MATTERS..................................   26

ITEM 13: CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR
         INDEPENDENCE.....................................................   27

ITEM 14: PRINCIPAL ACCOUNTANT FEES AND SERVICES...........................   27

ITEM 15: EXHIBITS AND REPORTS.............................................   28

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                                     PART I

ITEM 1: DESCRIPTION OF BUSINESS

IN GENERAL

We have commenced operations as an exploration stage company. We are engaged in
the acquisition and exploration of mineral properties with a view to exploiting
any mineral deposits we discover that demonstrate economic feasibility. Pursuant
to a Mineral Property Purchase Agreement dated March 3, 2005, we acquired a 100%
undivided right, title and interest in a total of six mineral claim cells, known
collectively as the Copper Road I - VI claim, covering 150 hectares and located
approximately two kilometers east of Deep Water Bay on Quadra Island of British
Columbia. The original Copper Road I - VI claim was created on March 3, 2005,
which we have renewed annually. The claim is currently recorded under Tenure
Number 526652, and is in good standing until January 30, 2010. There is no other
cost associated with the annual renewal of the claim.

There is no assurance that a commercially viable mineral deposit exists on the
property. Further exploration will be required before a final evaluation as to
the economic and legal feasibility is determined.

Mineral property exploration is typically conducted in phases. Each subsequent
phase of exploration work is recommended by a geologist based on the results
from the most recent phase of exploration. Once we have completed and evaluated
each phase of exploration, we will make a decision as to whether or not we
proceed with each successive phase based upon the analysis of the results of
that phase. Our directors will make this decision based upon the recommendations
of the independent geologist who oversees the program and records the results.
We have completed the initial phase of exploration on the Copper Road I - VI
claim. Our professional consulting geologist, Mr. Laurence Sookochoff, has
provided his geological report for the results of Phase I exploration. Pursuant
to the Phase I results, he has recommended that we initiate Phase II of our
exploration program, which will consist of localized magnetometer and soil
surveys over the prime indicated anomalous zones. The additional work program is
estimated to cost $7,500 and further work will be dependent on the results of
the recommended additional program.

Even if we complete our proposed exploration programs on the Copper Road I - VI
claim and we are successful in identifying a mineral deposit, we will have to
spend substantial funds on further drilling and engineering studies before we
will know if we have a commercially viable mineral deposit.

COPPER ROAD I - VI CLAIM PURCHASE AGREEMENT

On March 3, 2005, we entered into a mineral property agreement with Mr. Larry
Sostad of North Vancouver, British Columbia, whereby he sold us a 100% undivided
right, title and interest in a total of six mineral cell claims located
approximately two kilometers east of Deep Water Bay on Quadra Island, British
Columbia.

DESCRIPTION, LOCATION AND ACCESS

The Copper Road I - VI claim property is located on Quadra Island, which is
between Vancouver Island and the British Columbia mainland, within three
kilometers off the east coast of Vancouver Island. The coordinates of the
property are 125 degrees 18' 05" W Longitude and 50 degrees 11' 05" N Latitude
in the Nanaimo Mining Division. The property is accessible by ferry from the
city of Campbell River to Quathiaski Cove on Quadra Island, then inland by road
approximately 21 kilometers. Facilities and skilled population in Campbell River
are readily available and will provide all the necessary services needed for
property exploration. According to the report provided by Mr. Sookochoff,

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sufficient water for all phases of the exploration program could be available
from numerous water sources within the confines of the property.

TITLE TO THE COPPER ROAD I - VI CLAIM

The original Copper Road I - VI claim was created on March 3, 2005 and renewed
under Tenure Number 526652 on January 30, 2006. The claim has been renewed
annually and is in good standing until January 30, 2010. We own a 100% interest
in the claims, which entitles us to the sub-surface mineral rights. The company
does not have any interest in the surface rights. To maintain the ownership of
the claims, the company is obligated to either complete exploration work of one
hundred dollars per cell per year (i.e. $600.00 per year) for the first three
years commencing March 3, 2005, thence two hundred dollars per cell (i.e.
$1,200) per year thereafter, or the payment of the equivalent of cash in lieu
prior to the expiry date. There is no other cost associated with the annual
renewal of the claim. If we fail to renew the claim at the expiry of the claim's
tenure, we may lose rights to renew altogether.

A "mineral claim" refers to a specific section of land over which a title holder
owns rights to exploration to ground. Such rights may be transferred or held in
trust. Mr. Sostad is currently our trustee and is holding the Copper Road I - VI
property in his name for our benefit. It is a common procedure to have such
claims held in trust given the expense that we would incur in registering as a
recorded claim holder and as an extra-provincial company in British Columbia. We
can request that the claims be registered in our name at any time.

MINERALIZATION

The following technical terms in this section have the following meaning:

Andesitic: composed of solidified volcanic rock containing silica, iron and
magnesium and usually medium dark in color

Chalcocite: an ore of copper formed from chalcopyrite that has 80% copper
content

Chalcopyrite: a dark yellow mineral containing copper, iron and sulphur

Diorite: Igneous rock similar to granite, but with less quartz. Rock contains
light-colored white and pink feldspar and dark biotite and hornblende minerals.

Malachite: a mineral composed of copper and carbonate

The Copper Road I - VI claim contains mineralized quartz veins and copper
mineralization hosted by a shear zone, the presence of which indicates a
potential for high-grade zones of copper mineralization within the mineral
controlling shear zone, which may be mined by underground methods.

EXPLORATION HISTORY

Previous exploration included diamond drilling and geophysical surveys from
which estimates of mineral reserves were 115,000 tons copper and silver grading
2.8% copper and 0.5oz silver per ton and 60,000 tons of 2%+ copper subject to
confirmation by drilling and underground exploration. Metallurgical tests
completed in 1998 indicated that a recovery of 91% of the copper could be
achieved. It was stated that the good copper recover by flotation suggests that
an all-flotation procedure may be a viable process for recovery.

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GEOLOGICAL ASSESSMENT REPORTS: COPPER ROAD I - VI CLAIM

We retained Mr. Laurence Sookochoff, a professional consulting geologist, to
complete an initial evaluation of the Copper Road I - VI claim and to prepare a
geology report on the six cells. He has also updated this report for the results
of the Phase I exploration program.

Mr. Sookochoff has been practicing as a professional geologist since 1966. He
graduated in 1966 from the University of British Columbia, and is licensed by
the Association of Professional Engineers and Geoscientists of British Columbia.

INITIAL REPORT - JUNE 13, 2005

Based on his review of the Copper Road I - VI claim, Mr. Sookochoff concludes
that the Copper Road I - VI claim is located in a favorable geological
environment for the occurrence of copper mineralization. Mr. Sookochoff
recommends that we commence Phase II exploration program which consists of
localized general magnetometer and soil surveys over the prime indicated
anomalous zones.

Following the results of Phase II, further exploration pursuant to Phase III of
our exploration plan would entail geological mapping and trenching and sampling
of anomalous zones. Geological mapping involves plotting previous exploration
data relating to a property on a map in order to determine the best property
locations to conduct subsequent exploration work. Phase IV would consist of
drill testing anomalous or mineralized zones if warranted by the results of the
preceding phases. Drilling involves extracting a long cylinder of rock from the
ground to determine amounts of metals at different depths. Pieces of the rock
obtained, known as drill core, are analyzed for mineral content.

UPDATED REPORT - JULY 17, 2006

Phase I of our exploration program consisted of trenching and sampling on the
Copper Road property. The samples assayed significant values for copper. Based
on the results of the Phase I exploration program, Mr. Sookochoff has suggested
that we commence Phase II of our exploration program. The estimated cost of this
work is U.S. $7,500. Further work will be dependent upon the results of the
above recommended program.

COMPLIANCE WITH GOVERNMENT REGULATION

We will be required to comply with all regulations, rules and directives of
governmental authorities and agencies applicable to the exploration of minerals
in Canada generally, and in British Columbia specifically.

We will have to sustain the cost of reclamation and environmental mediation for
all exploration and development work undertaken. The amount of these costs is
not known at this time as we do not know the extent of the exploration program
that will be undertaken beyond completion of the currently planned work
programs. Because there is presently no information on the size, tenor, or
quality of any resource or reserve at this time, it is impossible to assess the
impact of any capital expenditures on earnings or our competitive position in
the event a potentially economic deposit is discovered.

If we enter into production, the cost of complying with permit and regulatory
environment laws will be greater than in the exploration phases because the
impact on the project area is greater. Permits and regulations will control all
aspects of any production program if the project continues to that stage because
of the potential impact on the environment. Examples of regulatory requirements
include:

     -    Water discharge will have to meet water standards;

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     -    Dust generation will have to be minimal or otherwise re-mediated;

     -    Dumping of material on the surface will have to be re-contoured and
          re-vegetated;

     -    An assessment of all material to be left on the surface will need to
          be environmentally benign;

     -    Ground water will have to be monitored for any potential contaminants;

     -    The socio-economic impact of the project will have to be evaluated and
          if deemed negative, will have to be re-mediated; and

     -    There will have to be an impact report of the work on the local fauna
          and flora.

POTENTIAL ACQUISITIONS

Our ability to continue exploration of the Copper Road I - VI is subject to our
ability to raise additional funds. We are reviewing other potential acquisitions
in various sectors. Currently, we are in the process of completing due diligence
investigations of various opportunities. However, there is no guarantee that we
will be able to reach any agreement to acquire such assets.

EMPLOYEES

We have no employees as of the date of this annual report other than our one
director.

RESEARCH AND DEVELOPMENT EXPENDITURES

We have not incurred any other research or development expenditures since our
incorporation.

SUBSIDIARIES

We do not have any subsidiaries.

PATENTS AND TRADEMARKS

We do not own, either legally or beneficially, any patents or trademarks.

ITEM 1A. RISK FACTORS

FORWARD-LOOKING STATEMENTS

This Form 10-K contains forward-looking statements that involve risks and
uncertainties. We use words such as anticipate, believe, plan, expect, future,
intend and similar expressions to identify such forward-looking statements. You
should not place too much reliance on these forward-looking statements. Our
actual results are likely to differ materially from those anticipated in these
forward-looking statements for many reasons, including the risks faced by us
described in the above "Risk Factors" section and elsewhere in this document.

In addition to the other information in this annual report, the following
factors should be carefully considered in evaluating our business and prospects:

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IF WE DO NOT OBTAIN ADDITIONAL FINANCING, OUR BUSINESS WILL FAIL.

Our current operating funds are less than necessary to complete all intended
exploration of the Copper Road I - VI claim, currently estimated at $57,500 for
remaining proposed phases of exploration as more fully discussed in our
professional consulting geologist's June 13, 2005 report and his update report
dated July 17, 2006. We do not have sufficient funds on hand for Phase II of our
exploration program, which was recommended by our professional consulting
geologist on July 17, 2006 and our estimated administrative costs for 12 months
from the date of this annual report. Therefore, we will need to obtain
additional financing in order to complete our business plan. As of July 31,
2009, we had cash in the amount of $279. We have no revenue or income from
operations.

We have completed the first phase of exploration on the Copper Road I - VI
claim. Our professional consulting geologist has updated his geological report
for the results of Phase I exploration. He has recommended an additional work
program for samples taken the Copper Road I - VI property which indicated
significant copper values. The additional work program is estimated to cost
$7,500 and further work will be dependent on the results of the recommended
additional program.

Our business plan calls for significant expenses in connection with the
exploration of the Copper Road I - VI claim. We will require additional
financing in order to complete remaining phases of exploration to determine
whether the property contains economic mineralization. We will also require
additional financing if the costs of the exploration of the Copper Road I - VI
claim are greater than anticipated. Even after completing all proposed
exploration, we will not know if we have a commercially viable mineral deposit.
We will have to spend substantial funds on further drilling and engineering
studies in order to establish a deposit.

Our proposed exploration plan, which when complete, should allow us to determine
whether mineralization exists on the Copper Road I - VI claim. At the completion
of each phase of our exploration plan we will evaluate the results and make a
determination to proceed to the next phase of exploration and its associated
estimated cost. The four phases encompass compilation and analysis of previous
exploration data, investigation of anomalous areas, localized general and
detailed magnetometer and soil surveys, and testing diamond drilling of targets
delineated within the potential exploration sites.

Each subsequent phase of exploration will require additional funds beyond our
current cash resources. We will need to obtain additional financing from the
sale of our securities to fund these exploration expenditures and future
administrative costs. Our administrative costs will be dependent upon the time
frame undertaken to complete the remaining phases of our exploration plan. To
the extent we need more than one year to complete the remaining exploration or
our administrative costs are higher than estimated, we will require additional
financing to cover administrative costs.

We will require additional financing to sustain our business operations if we
are not successful in earning revenues once exploration is complete. We do not
currently have any arrangements for financing and may not be able to find such
financing if required. Obtaining additional financing would be subject to a
number of factors, including the market price for copper and precious metals,
investor acceptance of our property and general market conditions. These factors
may make the timing, amount, terms or conditions of additional financing
unavailable to us.

The most likely source of future funds presently available to us is through the
sale of equity capital. Any sale of share capital will result in dilution to
existing shareholders. The only other anticipated alternative for the financing
of further exploration would be advances from related parties and joint venture

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or sale of a partial interest in the Copper Road I - VI claim to a third party
in exchange for cash or exploration expenditures, which is not presently
contemplated.

BECAUSE WE HAVE ONLY RECENTLY COMMENCED BUSINESS OPERATIONS, WE FACE A HIGH RISK
OF BUSINESS FAILURE.

We have commenced exploration on the Copper Road I - VI claim. We have completed
Phase I exploration and received an updated geological report based on the
results of Phase I from our professional consulting geologist. Since we have not
conducted the remaining phases of exploration recommended in our June 30, 2005
or July 17, 2006 geological reports, we have no way to evaluate the likelihood
that our business will be successful. We were incorporated on February 22, 2005
and to date have been involved primarily in organizational activities, the
acquisition of the mineral property option and Phase I field exploration, which
included showing relocation and geological examination, trenching and sampling
and electromagnetic and magnetometer surveys. We have not earned any revenues as
of the date of this annual report. Potential investors should be aware of the
difficulties normally encountered by new mineral exploration companies and the
high rate of failure of such enterprises. The likelihood of success must be
considered in light of the problems, expenses, difficulties, complications and
delays encountered in connection with the exploration of the mineral properties
that we plan to undertake. These potential problems include, but are not limited
to, unanticipated problems relating to exploration, and additional costs and
expenses that may exceed current estimates. If we encounter these problems, we
will likely continue to incur losses, which may have a negative impact on an
investment in our common stock.

Prior to completion of our exploration stage, we anticipate that we will incur
increased operating expenses without realizing any revenues. We therefore expect
to incur significant losses into the foreseeable future. We recognize that if we
are unable to generate significant revenues from development of the Copper Road
I - VI claim and the production of metals from the claims, we will not be able
to earn profits or continue operations.

There is no history upon which to base any assumption as to the likelihood that
we will prove successful and it is doubtful that we will generate any operating
revenues or ever achieve profitable operations as few mineral exploration
properties are ultimately developed into operating mines. If we are unsuccessful
in addressing these risks, our business will most likely fail.

BECAUSE WE WILL INCUR SIGNIFICANT COSTS COMPLYING WITH OUR OBLIGATIONS AS A
REPORTING ISSUER, OUR ABILITY TO ATTAIN PROFITABLE OPERATIONS WILL BE ADVERSELY
IMPACTED.

Because we are a reporting issuer in the United States, we will be required to
file periodic reports with the Securities & Exchange Commission, including
financial statements and disclosure regarding changes in our operations. We
anticipate that we will incur approximately $25,000 per year in order to comply
with these reporting requirements. As our operations become more complex, it is
anticipated that these costs will increase. These compliance costs will be
charged to operations and will negatively impact our ability to attain
profitable operations.

BECAUSE OF THE SPECULATIVE NATURE OF EXPLORATION OF MINING PROPERTIES, THERE IS
A SUBSTANTIAL RISK THAT OUR BUSINESS WILL FAIL.

The search for valuable metals as a business is extremely risky. The likelihood
of our mineral claims containing economic mineralization or reserves of copper
and precious metals is extremely remote. Exploration is a speculative venture
necessarily involving substantial risk. In all probability, the Copper Road I -
VI claim does not contain any economic reserves and funds that we spend on
exploration will be lost. As well, problems such as unusual or unexpected

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formations and other conditions are involved in mineral exploration and often
result in unsuccessful exploration efforts. In such a case, we would be unable
to complete our business plan.

WE NEED TO CONTINUE AS A GOING CONCERN IF OUR BUSINESS IS TO SUCCEED. OUR
INDEPENDENT AUDITOR HAS RAISED SUBSTANTIAL DOUBT ABOUT OUR ABILITY TO CONTINUE
AS A GOING CONCERN.

The report of our independent accountant to our audited financial statements for
the period ended July 31, 2009 indicates that there are a number of factors that
raise substantial doubt about our ability to continue as a going concern. Such
factors identified in the report are that we have no source of revenue and our
dependence upon obtaining adequate financing. If we are not able to continue as
a going concern, it is likely investors will lose all of their investment.

BECAUSE OF THE INHERENT DANGERS INVOLVED IN MINERAL EXPLORATION, THERE IS A RISK
THAT WE MAY INCUR LIABILITY OR DAMAGES AS WE CONDUCT OUR BUSINESS.

Exploration involves numerous hazards. As a result, we may become subject to
liability for such hazards, including pollution, cave-ins and other hazards
against which we cannot insure or against which we may elect not to insure. The
payment of such liabilities may have a material adverse effect on our financial
position.

BECAUSE WE HAVE NOT SURVEYED THE COPPER ROAD I - VI CLAIMS, WE MAY DISCOVER
MINERALIZATION ON THE PROPERTY THAT IS NOT WITHIN OUR CLAIMS BOUNDARIES AND
THEREFORE, CANNOT BE EXTRACTED.

Until the Copper Road I - VI claim is surveyed, the precise location of the
boundaries of the claim may be in doubt. If we discover mineralization that is
close to the estimated claim boundaries, it is possible that some or all of this
mineralization may occur outside surveyed boundaries. In such a case, we would
not have the right to extract these minerals.

EVEN IF WE DISCOVER COMMERCIAL RESERVES OF BASE OR PRECIOUS METALS ON THE COPPER
ROAD I - VI CLAIM, WE MAY NOT BE ABLE TO SUCCESSFULLY COMMENCE COMMERCIAL
PRODUCTION.

The Copper Road I - VI claim does not contain any known bodies of
mineralization. If our exploration programs are successful in establishing
copper and other metals of commercial tonnage and grade, we will require
additional funds in order to place the property into commercial production. We
may not be able to obtain such financing.

IF WE BECOME SUBJECT TO BURDENSOME GOVERNMENT REGULATION OR OTHER LEGAL
UNCERTAINTIES, OUR BUSINESS WILL BE NEGATIVELY AFFECTED.

There are several governmental regulations that materially restrict mineral
property exploration and development. Under Canadian mining law, to engage in
certain types of exploration will require work permits, the posting of bonds,
and the performance of remediation work for any physical disturbance to the
land. While these current laws will not affect our current exploration plans, if
we proceed to commence drilling operations on the Copper Road I - VI claim, we
will incur modest regulatory compliance costs.

In addition, the legal and regulatory environment that pertains to the
exploration is uncertain and may change. Uncertainty and new regulations could
increase our costs of doing business and prevent us from exploring for economic
deposits. The demand for base and precious metals may also be significantly
reduced. This could delay demand for our metals and limit our ability to
generate sufficient revenues. In addition to new laws and regulations being
adopted, existing laws may be applied to mining that have not as yet been

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applied. These new laws may increase our cost of doing business with the result
that our financial condition and operating results may be harmed.

BECAUSE OUR OFFICER AND DIRECTOR HAS OTHER BUSINESS INTERESTS, HE MAY NOT BE
ABLE OR WILLING TO DEVOTE A SUFFICIENT AMOUNT OF TIME TO OUR BUSINESS
OPERATIONS, CAUSING OUR BUSINESS TO FAIL.

Our president, secretary, treasurer and sole director, Mr. Graeme McNeill, only
spends approximately 10% of his business time providing his services to us.
While Mr. McNeill presently possesses adequate time to attend to our interests,
it is possible that the demands on Mr. McNeill from his other obligations could
increase with the result that he would no longer be able to devote sufficient
time to the management of our business.

Our sole officer and director is not involved with other companies that are
involved in mineral property exploration. Accordingly, we do not believe the
other business interests of our officer and director presents any conflict of
interest with our business.

BECAUSE OUR MINERAL PROPERTY IS LOCATED IN CANADA, THE ABILITY OF U.S. RESIDENTS
TO ENFORCE LIABILITIES UNDER U.S. SECURITIES AND BANKRUPTCY LAWS WILL BE
DIFFICULT.

Our sole mineral property asset is located in Canada. Accordingly, service of
process upon us, or upon individuals related to us, may be difficult or
impossible to obtain within the United States. As well, any judgment obtained in
the United States against us may not be collectible within the United States.
Accordingly, the ability of U.S. residents to enforce liabilities under U.S.
securities and bankruptcy laws will be difficult.

BECAUSE WE HAVE NOT DECLARED DIVIDENDS AND HAVE NO INTENTION OF DOING SO IN THE
FUTURE, STOCKHOLDERS SHOULD NOT EXPECT TO RECEIVE ANY FUNDS FROM THEIR
INVESTMENT UNLESS THEY SELL OUR STOCK.

We have never declared or paid any cash dividends on our common stock. We
currently intend to retain future earnings, if any, to finance the expansion of
our business. As a result, we do not anticipate paying any cash dividends in the
foreseeable future. Therefore, investors will not receive any payments from
their investment in our stock unless they sell their shares.

A PURCHASER IS PURCHASING PENNY STOCK WHICH LIMITS HIS OR HER ABILITY TO SELL
THE STOCK.

Our shares constitute penny stock under the Exchange Act. The shares will remain
penny stock for the foreseeable future. The classification of penny stock makes
it more difficult for a broker-dealer to sell the stock into a secondary market,
thus limiting investment liquidity. Any broker-dealer engaged by the purchaser
for the purpose of selling his or her shares in our company will be subject to
rules 15g-1 through 15g-10 of the Exchange Act. Rather than creating a need to
comply with those rules, some broker-dealers will refuse to attempt to sell
penny stock.

ITEM 1B: UNRESOLVED STAFF COMMENTS

Not applicable.

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ITEM 2: PROPERTIES

We do not currently own any property. Our current office facilities located at
647 1st Avenue N.E., Suite 213, Calgary, Alberta are provided to us on a rent
free basis by our director. Management believes the current premises are
sufficient for its needs at this time.

We currently have no investment policies as they pertain to real estate, real
estate interests or real estate mortgages.

ITEM 3: LEGAL PROCEEDINGS

There are no legal proceedings pending, or to the best knowledge of management,
threatened against us. There were no legal proceedings previously pending which
were resolved during the fourth quarter of the fiscal year ended July 31, 2009.
Our address for service of process in Nevada is 564 Wedge Lane, Fernley, Nevada
89408

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

No matter was submitted during the fourth quarter of our fiscal year to a vote
of security holders, through the solicitation of proxies or otherwise.

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                                     PART II

ITEM 5: MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND
        ISSUER PURCHASES OF EQUITY SECURITIES.

MARKET INFORMATION

Our shares of common stock are quoted for trading on the OTC Bulletin Board
under the symbol WLFR. However, no trades of our shares of common stock occurred
through the facilities of the OTC Bulletin Board during the fiscal year ended
July 31, 2009.

HOLDERS

We have 40 shareholders of record as at the date of this annual report.

DIVIDENDS

There are no restrictions in our articles of incorporation or bylaws that
prevent us from declaring dividends. The Nevada Revised Statutes, however, do
prohibit us from declaring dividends where, after giving effect to the
distribution of the dividend:

     1.   we would not be able to pay our debts as they become due in the usual
          course of business; or

     2.   our total assets would be less than the sum of our total liabilities
          plus the amount that would be needed to satisfy the rights of
          shareholders who have preferential rights superior to those receiving
          the distribution.

ITEM 6: SELECTED FINANCIAL DATA

We have been in a development stage since our inception and had no income or
assets during the period from our incorporation in 2005 through the end of our
fiscal year ended July 31, 2009. Therefore, the information required by Item 301
of Regulation S-K is omitted for that period as not material.

ITEM 7: MANAGEMENT'S DISCUSSION AND ANALYSIS OF DINANCIAL CONDITION AND RESULTS
        OF OPERATION

PLAN OF OPERATION

From inception to date, we have completed the initial phase of exploration on
the Copper Road I - VI claim, completed assaying samples taken from the property
during Phase I field exploration and received an updated geological report from
our professional consulting geologist for the Phase I exploration.

Our plan of operation for the twelve months following the date of this annual
report is to complete the recommended additional work recommended in our
professional consulting geologist's June 13, 2005 report. Based on the results
of the additional work program we will then undertake revised recommendations of
our professional consulting geologist for Phases III & IV work programs. These
programs will take approximately two months to complete. Although we have no
current estimate of these revised phases of exploration, we will need to incur a
total of $600 before January 30, 2010 in order to maintain ownership of our
property claims. The exploration work will be conducted by our trustee, Mr.
Larry Sostad, who will be supervised by Mr. Laurence Sookochoff, our
professional consulting geologist. They will each provide their services at

                                       12
<PAGE>
standard market rates within the context of our exploration plan budget. Our
agreements with each of Mr. Sostad and Mr. Sookochoff for their services are
verbal.

We do not have any verbal or written agreement regarding the retention of any
qualified engineer or geologist for this exploration program.

In addition to the exploration program costs, we estimate we will incur $20,000
in administrative costs for the year following the date of this annual report.

Total expenditures related to exploration, administration over the next 12
months are therefore expected to be approximately $35,000.

We will require additional funding in order to cover our anticipated
administrative costs for the next year, as well as Phase II and III exploration
programs on the Copper Road I - VI claim. We anticipate that additional funding
will be in the form of equity financing from the sale of our common stock or
from director loans. We do not have any arrangements in place for any future
equity financing or loans.

If we are successful in our exploration program and identify a mineral deposit
on the Copper Road I - VI claim we will still have to spend substantial funds on
further drilling and engineering studies to determine if the deposit is
commercially viable.

We are reviewing other potential acquisitions in various sectors. Currently, we
are in the process of completing due diligence investigations of various
opportunities. However, there is no guarantee that we will be able to reach any
agreement to acquire such assets.

RESULTS OF OPERATIONS FOR THE PERIOD FROM INCEPTION THROUGH JULY 31, 2009

We have not earned any revenues from our incorporation on February 22, 2005 to
July 31, 2009. We do not anticipate earning revenues unless we enter into
commercial production on the Copper Road I - VI claim, which is doubtful. We
have not commenced the exploration stage of our business and can provide no
assurance that we will discover economic mineralization on the property, or if
such minerals are discovered, that we will enter into commercial production.

We incurred operating expenses in the amount of $106,492 for the period from our
inception on February 22, 2005 to July 31, 2009. These operating expenses were
comprised of accounting and audit fees, mineral property costs, organization
costs, regulatory fees and filings, donated management services, office rent,
and office, bank charges and other sundries, net of interest income.

We have not attained profitable operations and are dependent upon obtaining
financing to pursue exploration activities. For these reasons our auditors
believe that there is substantial doubt that we will be able to continue as a
going concern.

ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not applicable.

                                       13
<PAGE>
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA


             REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors and Stockholders of
Wolf Resources, Inc.

I have audited the  accompanying  balance  sheets of Wolf  Resources,  Inc. (the
"Company")  as of July  31,  2009  and  2008,  and  the  related  statements  of
operations, stockholders' equity (deficiency), and cash flows for the
years  ended  July 31,  2009 and 2008,  and for the  period  February  22,  2005
(inception) to July 31, 2009. These financial  statements are the responsibility
of the Company's management. My responsibility is to express an opinion on these
financial statements based on my audits.

I conducted my audits in  accordance  with the  standards of the Public  Company
Accounting Oversight Board (United States).  Those standards require that I plan
and perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement.  An audit includes examining, on a
test basis,  evidence  supporting  the amounts and  disclosures in the financial
statements.  An audit also includes assessing the accounting principles used and
significant  estimates  made by  management,  as well as evaluating  the overall
financial statement presentation.  I believe that my audits provide a reasonable
basis for my opinion.

In my opinion, the financial statements referred to above present fairly, in all
material respects, the financial position of the Company as of July 31, 2009 and
2008 and the results of its  operations  and cash flows for the years ended July
31, 2009 and 2008, and for the period February 22, 2005  (inception) to July 31,
2009 in conformity with accounting  principles  generally accepted in the United
States.

The  accompanying  financial  statements  referred  to above have been  prepared
assuming that the Company will continue as a going concern. As discussed in Note
1 to the financial statements,  the Company's present financial situation raises
substantial doubt about its ability to continue as a going concern. Management's
plans in regard  to this  matter  are also  described  in Note 1. The  financial
statements do not include any adjustments  that might result from the outcome of
this uncertainty.


                                               /s/ Michael T. Studer CPA P.C.
                                               ---------------------------------
                                               Michael T. Studer CPA P.C.

Freeport, New York
October 7, 2009

                                       14
<PAGE>
Wolf Resources, Inc. (formerly Cantop Ventures, Inc.)
(An Exploration Stage Company)
Balance Sheets
(Expressed in US Dollars)
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                                            July 31,            July 31,
                                                                              2009                2008
                                                                           ---------           ---------
<S>                                                                        <C>                 <C>
                                     ASSETS

CURRENT ASSETS
  Cash                                                                     $     279           $     129
                                                                           ---------           ---------

TOTAL ASSETS                                                               $     279           $     129
                                                                           =========           =========

                LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIENCY)

CURRENT LIABILITIES
  Accounts payable and accrued liabilities                                 $     100           $      --
  Due to related party (Non-interest bearing, due on demand)                  37,571              23,341
                                                                           ---------           ---------
TOTAL CURRENT LIABILITIES                                                     37,671              23,341
                                                                           ---------           ---------
STOCKHOLDERS' EQUITY (DEFICIENCY)
  Preferred stock, $0.001 par value;
    Authorized 20,000,000 shares,
    Issued and outstanding:
    0 and 0 shares, respectively                                                  --                  --
  Common stock, $0.001 par value;
    Authorized: 100,000,000 shares,
    Issued and outstanding:
    8,500,000 and 8,500,000 shares, respectively                               8,500               8,500
  Additional paid-in capital                                                  60,600              52,200
  Deficit accumulated during the exploration stage                          (106,492)            (83,912)
                                                                           ---------           ---------
TOTAL STOCKHOLDERS' EQUITY (DEFICIENCY)                                      (37,392)            (23,212)
                                                                           ---------           ---------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIENCY)                    $     279           $     129
                                                                           =========           =========
</TABLE>


See notes to financial statements.

                                       15
<PAGE>
Wolf Resources, Inc. (formerly Cantop Ventures, Inc.)
(An Exploration Stage Company)
Statements of Operations
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                                                            Cumulative during the
                                                                                              exploration stage
                                                       Year ended           Year ended      (February 22, 2005 to
                                                        July 31,             July 31,             July 31,
                                                          2009                 2008                 2009)
                                                       ----------           ----------           ----------
<S>                                                    <C>                  <C>                  <C>
REVENUE                                                $       --           $       --           $       --
                                                       ----------           ----------           ----------

Total Revenue                                                  --                   --                   --
                                                       ==========           ==========           ==========

EXPENSES
  Mining property exploration costs                            --                   --                9,500
  Impairment of mining property acquisition costs              --                   --                3,500
  General and administrative                               22,580               24,723               93,492
                                                       ----------           ----------           ----------
Total Costs and Expenses                                   22,580               24,723              106,492
                                                       ----------           ----------           ----------

NET INCOME (LOSS)                                      $  (22,580)          $  (24,723)          $ (106,492)
                                                       ==========           ==========           ==========

NET LOSS PER SHARE
  Basic and diluted                                    $    (0.00)          $    (0.00)
                                                       ==========           ==========
NUMBER OF COMMON SHARES USED TO
COMPUTE LOSS PER SHARE
  Basic and Diluted                                     8,500,000            8,500,000
                                                       ==========           ==========
</TABLE>


See notes to financial statements.

                                       16
<PAGE>
Wolf Resources, Inc. (formerly Cantop Ventures, Inc.)
(An Exploration Stage Company)
Statements of Stockholders' Equity (Deficiency)
For the period February 22, 2005 (Inception) to July 31, 2009
(Expressed in US Dollars)
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                                                                   Deficit
                                           Common Stock, $0.001                     Common       Accumulated      Total
                                                Par Value          Additional       Stock        During the    Stockholders'
                                         ---------------------      Paid-in      Subscription    Development      Equity
                                         Shares         Amount      Capital         Unpaid          Stage      (Deficiency)
                                         ------         ------      -------         ------          -----      ------------
<S>                                      <C>           <C>           <C>            <C>           <C>             <C>
Common stock issued for cash
  -  March, 2005 at $0.001              2,000,000     $2,000        $    --        $     --      $      --       $  2,000
  -  June, 2005 at $0.001               3,500,000      3,500             --          (3,500)            --             --
  -  July, 2005 at $0.001                 500,000        500             --              --             --            500
  -  July, 2005 at $0.01                2,500,000      2,500         22,500              --             --         25,000
Donated services                               --         --          4,500              --             --          4,500
Net loss for the period February 22,
 2005 (inception) to July 31, 2005             --         --             --              --        (14,308)       (14,308)
                                       ----------     ------        -------        --------      ---------       --------
Balance, July 31, 2005                  8,500,000      8,500         27,000          (3,500)       (14,308)        17,692
Common stock subscriptions paid                --         --             --           3,500             --          3,500
Donated services                               --         --          8,400              --             --          8,400
Net loss for the year ended
 July 31, 2006                                 --         --             --              --        (27,167)       (27,167)
                                       ----------     ------        -------        --------      ---------       --------
Balance, July 31, 2006                  8,500,000      8,500         35,400              --        (41,475)         2,425
Donated services                               --         --          8,400              --             --          8,400
Net loss for the year ended
 July 31, 2007                                 --         --             --              --        (17,714)       (17,714)
                                       ----------     ------        -------        --------      ---------       --------
Balance, July 31, 2007                  8,500,000      8,500         43,800              --        (59,189)        (6,889)
Donated services                               --         --          8,400              --             --          8,400
Net loss for the year ended
 July 31, 2008                                 --         --             --              --        (24,723)       (24,723)
                                       ----------     ------        -------        --------      ---------       --------
Balance, July 31, 2008                  8,500,000      8,500         52,200              --        (83,912)       (23,212)
Donated services                               --         --          8,400              --             --          8,400
Net loss for the year ended
 July 31, 2009                                 --         --             --              --        (22,580)       (22,580)
                                       ----------     ------        -------        --------      ---------       --------

Balance, July 31, 2009                  8,500,000     $8,500        $60,600        $     --      $(106,492)      $(37,392)
                                       ==========     ======        =======        ========      =========       ========
</TABLE>


See notes to financial statements.

                                       17
<PAGE>
Wolf Resources, Inc. (formerly Cantop Ventures, Inc.)
(An Exploration Stage Company)
Statements of Cash Flows
(Expressed in US Dollars)
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                                                              Cumulative during the
                                                                                                exploration stage
                                                                 Year Ended July 31,          (February 22, 2005 to
                                                            -----------------------------           July 31,
                                                              2009                2008                2009)
                                                            ---------           ---------           ---------
<S>                                                         <C>                 <C>                 <C>
CASH FLOWS FROM OPERATING ACTIVITIES
  Net income (loss)                                         $ (22,580)          $ (24,723)          $(106,492)
  Adjustments to reconcile net income (loss) to
   net cash provided by (used for) operating activities:
     Impairment of mining property acquisition costs               --                  --               3,500
     Donated services                                           8,400               8,400              38,100
  Changes in operating assets and liabilities:
     Accounts payable and accrued liabilities                     100              (2,247)                100
                                                            ---------           ---------           ---------
NET CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES          (14,080)            (18,570)            (64,792)
                                                            ---------           ---------           ---------
CASH FLOWS FROM INVESTING ACTIVITIES
  Acquisition of mining property                                   --                  --              (3,500)
                                                            ---------           ---------           ---------
NET CASH PROVIDED BY (USED FOR) INVESTING ACTIVITIES               --                  --              (3,500)
                                                            ---------           ---------           ---------
CASH FLOWS FROM FINANCING ACTIVITIES
  Sales of common stock                                            --                  --              31,000
  Due to related party                                         14,230              18,341              37,571
                                                            ---------           ---------           ---------
NET CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES           14,230              18,341              68,571
                                                            ---------           ---------           ---------
INCREASE (DECREASE) IN CASH                                       150                (229)                279

CASH, BEGINNING OF PERIOD                                         129                 358                  --
                                                            ---------           ---------           ---------

CASH, END OF PERIOD                                         $     279           $     129           $     279
                                                            =========           =========           =========

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
  Interest paid                                             $      --           $      --           $      --
                                                            ---------           ---------           ---------
  Income taxes paid                                         $      --           $      --           $      --
                                                            ---------           ---------           ---------
</TABLE>


See notes to financial statements.

                                       18
<PAGE>
Wolf Resources, Inc. (Formerly Cantop Ventures, Inc.)
(An Exploration Stage Company)
Notes to Financial Statements
July 31, 2009
--------------------------------------------------------------------------------

Note 1 Organization and Business Operations

     Wolf Resources,  Inc. (formerly Cantop Ventures,  Inc.) (the "Company") was
     incorporated in the State of Nevada on February 22, 2005. The Company is an
     Exploration  Stage Company as defined by Statement of Financial  Accounting
     Standards  ("SFAS") No. 7, "Accounting and Reporting for Development  Stage
     Enterprises".  The  Company's  principal  business is the  acquisition  and
     exploration  of  mineral  resources.  The  Company  has  acquired a mineral
     property located in the Province of British Columbia,  Canada,  and has not
     yet   determined   whether  this  property   contains   reserves  that  are
     economically  recoverable.  The recoverability of amounts from the property
     will be dependent upon the discovery of economically  recoverable reserves,
     confirmation  of the Company's  interest in the  underlying  property,  the
     ability  of the  Company  to obtain  necessary  financing  to  satisfy  the
     expenditure  requirements  under the property agreement and to complete the
     development  of the  property,  and upon future  profitable  production  or
     proceeds from the sale thereof.

     These  financial  statements  have been prepared on a going concern  basis,
     which implies the Company will continue to realize its assets and discharge
     its  liabilities  in the normal  course of  business.  The  Company has not
     generated any revenue since  inception and has never paid any dividends and
     is  unlikely to pay  dividends  or generate  earnings in the  immediate  or
     foreseeable  future.  The continuation of the Company as a going concern is
     dependent upon the continued  financial support from its shareholders,  the
     ability of the Company to obtain  necessary  equity  financing  to continue
     operations,  and the  attainment of profitable  operations.  As at July 31,
     2009,  the  Company  had cash of $279  and has had  accumulated  losses  of
     $106,492 since inception.  These factors raise  substantial doubt regarding
     the  Company's  ability to continue  as a going  concern.  These  financial
     statements  do  not  include  any  adjustments  to the  recoverability  and
     classification of recorded asset amounts and  classification of liabilities
     that might be necessary should the Company be unable to continue as a going
     concern.

Note 2 Summary of Significant Accounting Policies

     a) Basis of Presentation

     These  financial  statements  and related notes are presented in accordance
     with accounting principles generally accepted in the United States, and are
     expressed in U.S. dollars.

     b) Use of Estimates

     The preparation of financial  statements in conformity with U.S.  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  reporting  periods.  Actual  results  could  differ  from those
     estimates.

     c) Basic and Diluted Net Income (Loss) Per Share

     The Company  computes net income (loss) per share in  accordance  with SFAS
     No. 128, "EARNINGS PER SHARE".  SFAS No. 128 requires  presentation of both
     basic  and  diluted  earnings  per  share  (EPS) on the face of the  income

                                       19
<PAGE>
Wolf Resources, Inc. (Formerly Cantop Ventures, Inc.)
(An Exploration Stage Company)
Notes to Financial Statements
July 31, 2009
--------------------------------------------------------------------------------

     statement. Basic EPS is computed by dividing net income (loss) available to
     common  shareholders  (numerator) by the weighted  average number of shares
     outstanding  (denominator)  during the period.  Diluted EPS gives effect to
     all dilutive  potential common shares  outstanding  during the period using
     the  treasury  stock  method  and  convertible  preferred  stock  using the
     if-converted  method. In computing Diluted EPS, the average stock price for
     the  period is used in  determining  the  number of  shares  assumed  to be
     purchased  from the  exercise  of stock  options or  warrants.  Diluted EPS
     excludes all dilutive potential shares if their effect is anti dilutive.

     d) Comprehensive Loss

     SFAS No. 130, "REPORTING  COMPREHENSIVE  INCOME," establishes standards for
     the reporting and display of  comprehensive  loss and its components in the
     financial  statements.  For the years  ended July 31, 2009 and 2008 and for
     the period February 22, 2005  (inception) to July 31, 2009,  except for net
     loss, the Company had no items that represent  comprehensive  income (loss)
     and, therefore,  has not included a schedule of comprehensive income (loss)
     in the financial statements.

     e) Cash and Cash Equivalents

     The Company  considers  all highly  liquid  instruments  with a maturity of
     three months or less at the time of issuance to be cash equivalents.

     f) Mineral Claim Costs

     Mineral claim acquisition  costs are capitalized and reviewed  periodically
     for  impairment.  Exploration  costs are expensed as incurred.  When it has
     been determined that a mineral property can be economically  developed as a
     result of establishing proven and probable reserves,  the costs incurred to
     develop such property are  capitalized.  Such costs will be amortized using
     the  units-of-production  method over the  estimated  life of the  probable
     reserve. If mineral properties are subsequently  abandoned or impaired, any
     capitalized costs will be charged to operations.

     g) Income Taxes

     Potential  benefits of income tax losses are not recognized in the accounts
     until realization is more likely than not. The Company has adopted SFAS No.
     109,  "ACCOUNTING FOR INCOME TAXES", as of its inception.  Pursuant to SFAS
     No. 109,  the Company is  required  to compute tax asset  benefits  for net
     operating losses carried forward. Potential benefit of net operating losses
     have not been recognized in these financial  statements because the Company
     cannot  be  assured  it is more  likely  than not it will  utilize  the net
     operating losses carried forward in future years.

     h) Foreign Currency Translation

     The  Company's  functional  and  reporting  currency  is the United  States
     dollar.  Monetary assets and liabilities  denominated in foreign currencies
     are  translated  in  accordance  with  SFAS  No.  52,   "FOREIGN   CURRENCY
     TRANSLATION", using the exchange rate prevailing at the balance sheet date.
     Gains and losses  arising on  settlement  of foreign  currency  denominated
     transactions  or  balances  are  included in the  determination  of income.
     Foreign currency transactions are primarily undertaken in Canadian dollars.

                                       20
<PAGE>
Wolf Resources, Inc. (Formerly Cantop Ventures, Inc.)
(An Exploration Stage Company)
Notes to Financial Statements
July 31, 2009
--------------------------------------------------------------------------------

     The Company has not, to the date of these  financials  statements,  entered
     into  derivative  instruments  to offset  the  impact of  foreign  currency
     fluctuations.

     i) Financial Instruments

     The fair values of the Company's financial instruments, consisting of cash,
     accounts  payable  and  accrued  liabilities  and  due  to  related  party,
     approximate  their  carrying  values  due to the  immediate  or  short-term
     maturity of the  financial  instruments.  Management is of the opinion that
     the Company is not exposed to  significant  interest,  currency,  or credit
     risks arising from its financial instruments.

     j) Recent Accounting Pronouncements

     Certain  accounting  pronouncements  have been issued by the FASB and other
     standard  setting  organizations  which  have not yet been  adopted  by the
     Company.  The impact on the  Company's  financial  position  and results of
     operations from adoption of these standards is not expected to be material.

Note 3 Mineral Property

     Pursuant to a mineral property purchase  agreement dated March 3, 2005, the
     Company acquired a 100% undivided  right,  title and interest in the Copper
     Road I -VI mineral claim,  located  approximately 2 kilometres East of Deep
     Water Bay, Quadra Island of British Columbia, Canada for $3,500. The Tenure
     Number ID is 526652, which expires January 30, 2010. The property is in the
     name of Larry Ralph W. Sostad held by him in trust for the Company.

     In June 2005, the Company received an evaluation  report from a third party
     consulting firm recommending an exploration  program with a total estimated
     cost of  $65,000.  Due to lack of  working  capital,  the  Company  has not
     completed  this program.  At July 31, 2005,  the Company  provided a $3,500
     reserve for impairment of the mining property acquisition costs.

Note 4 Related Party Transactions

     The president of the Company provides  management services and office space
     to the Company at no cost. For the period February 22, 2005  (inception) to
     July 31, 2009,  these  services  were valued at and expensed for a total of
     $38,100  ($4,500 in the period  February 22, 2005 to July 31, 2005,  $8,400
     per year in the years ended July 31, 2006,  2007, 2008 and 2009),  with the
     same amounts added to additional paid-in capital.

     The $37,571 and $23,341  amounts due to related  party at July 31, 2009 and
     2008,  respectively,  are due a significant stockholder of the Company, are
     non-interest bearing, and are due on demand.

                                       21
<PAGE>
Wolf Resources, Inc. (Formerly Cantop Ventures, Inc.)
(An Exploration Stage Company)
Notes to Financial Statements
July 31, 2009
--------------------------------------------------------------------------------

Note 5 Series A Preferred Stock

     On May 23, 2008, the Company  certified the designation of 1,500,000 shares
     (of its 20,000,000 total authorized shares of preferred stock) as "Series A
     Preferred Stock". Each share of Series A Preferred Stock has a stated value
     and liquidation  preference of $0.10, has no voting rights,  is convertible
     at the option of the holder into 40 shares of the  Company's  common stock,
     and is entitled to noncumulative  dividends when, if and as declared by the
     Board of  Directors,  at 6% of its par value per annum in preference to any
     dividends on the Company's  common stock.  In the event that  dividends are
     declared on the common  stock,  each share of Series A  Preferred  Stock is
     entitled to receive a dividend  equal to 40 times the dividend per share of
     common stock.

     On May 28, 2008,  the Company  filed a  Registration  Statement on Form S-1
     with the United States  Securities and Exchange  Commission  (the "SEC") to
     sell up to 1,500,000 shares of Series A Preferred Stock at a price of $0.10
     per share or $150,000  total in a "best  efforts"  self-underwriting  for a
     period of 180 days from the effective date of the  Registration  Statement.
     On July 28, 2008, the Registration  Statement was declared effective by the
     SEC. On January 24, 2009, the offering was terminated; no shares were sold.

Note 6 Common Stock

     During the period from February 22, 2005  (inception) to July 31, 2005, the
     Company sold a total of 8,500,000  shares of common stock to 40 individuals
     and received total cash proceeds of $31,000.  4,000,000 shares were sold to
     Company  officers and  directors at a price of $0.001 per share.  2,000,000
     shares were sold to other  individuals at a price of $0.001 per share,  and
     2,500,000  shares  were sold to other  individuals  at a price of $0.01 per
     share.  On June 30, 2006, the Securities and Exchange  Commission  declared
     effective the Company's Registration Statement on Form SB-2 to register the
     4,500,000  shares  of  common  stock  not  owned by  Company  officers  and
     directors.

     At July 31, 2009, there are no outstanding stock options or warrants.

Note 7 Income Taxes

     The  provisions  for (benefit  from)  income taxes  differs from the amount
     computed by applying the statutory United States federal income tax rate of
     35% to income (loss) before  income  taxes.  The sources of the  difference
     follow:

                                                                 Period from
                                                               February 22, 2005
                                                                   (Date of
                                   Year Ended    Year Ended      Inception) to
                                    July 31,      July 31,         July 31,
                                      2009          2008             2009
                                    --------      --------         --------
Expected tax at 35%                 $ (7,903)     $ (8,653)        $(37,272)
Donated services                       2,940         2,940           13,335
Increase in valuation allowance        4,963         5,713           23,937
                                    --------      --------         --------
Income tax provision                $     --      $     --         $     --
                                    ========      ========         ========

                                       22
<PAGE>
Wolf Resources, Inc. (Formerly Cantop Ventures, Inc.)
(An Exploration Stage Company)
Notes to Financial Statements
July 31, 2009
--------------------------------------------------------------------------------

     Significant  components of the Company's  deferred income tax assets are as
     follows:

                                                   July 31,            July 31,
                                                     2009                2008
                                                   --------            --------
     Net operating loss carryforword               $ 23,937            $ 18,974
     Valuation allowance                            (23,937             (18,974)
                                                   --------            --------
     Net deferred tax assets                       $     --            $     --
                                                   ========            ========

     Based  on  management's  present  assessment,   the  Company  has  not  yet
     determined  it to be more  likely  than not that a  deferred  tax  asset of
     $23,937 at July 31, 2009 attributable to the future  utilization of the net
     operating loss carryforward of $68,392 will be realized.  Accordingly,  the
     Company has provided a 100% allowance against the deferred tax asset in the
     financial  statements.  The Company will continue to review this  valuation
     allowance and make  adjustments as  appropriate.  The $68,292 net operating
     loss  carryforward  expires $ 9,808 in year  2025,  $18,767  in year  2026,
     $9,314 in year 2027, $16,323 in year 2028 and $14,180 in year 2029.

     Current United States income tax laws limit the amount of loss available to
     offset against future taxable income when a substantial change in ownership
     occurs. Therefore, the amount available to offset future taxable income may
     be limited.

Note 8 Subsequent Events

     The Company has evaluated subsequent events through the filing date of this
     Form  10-K and has  determined  that  there  were no  subsequent  events to
     recognize or disclose in these financial statements.

                                       23
<PAGE>
ITEM 9: CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
        FINANCIAL DISCLOSURE

None.

ITEM 9A: CONTROLS AND PROCEDURES

EVALUATION OF DISCLOSURE CONTROLS

We evaluated the effectiveness of our disclosure controls and procedures as of
the end of the 2009 fiscal year. This evaluation was conducted with the
participation of our chief executive officer and our principal accounting
officer.

Disclosure controls are controls and other procedures that are designed to
ensure that information that we are required to be disclosed in the reports we
file pursuant to the Securities Exchange Act of 1934 is recorded, processed,
summarized and reported.

LIMITATIONS ON THE EFFECTIVENESS OF CONTROLS

Our management does not expect that our disclosure controls or our internal
controls over financial reporting will prevent all error and fraud. A control
system, no matter how well conceived and operated, can provide only reasonable,
but no absolute, assurance that the objectives of a control system are met.
Further, any control system reflects limitations on resources, and the benefits
of a control system must be considered relative to its costs. These limitations
also include the realities that judgments in decision-making can be faulty and
that breakdowns can occur because of simple error or mistake. Additionally,
controls can be circumvented by the individual acts of some persons, by
collusion of two or more people or by management override of a control. A design
of a control system is also based upon certain assumptions about potential
future conditions; over time, controls may become inadequate because of changes
in conditions, or the degree of compliance with the policies or procedures may
deteriorate. Because of the inherent limitations in a cost-effective control
system, misstatements due to error or fraud may occur and may not be detected.

ASSESSMENT OF THE EFFECTIVENESS OF CONTROLS

As of our fiscal year ended July 31, 2009, our management has concluded that our
internal control over financial reporting is effective. Our management is not
aware of any material weakness in our internal control over financial reporting.

LIMITATIONS OF REPORT

This annual report does not include an attestation report of our registered
public accounting firm regarding internal control over financial reporting:
management's report was not subject to attestation by our registered public
accounting firm pursuant to temporary rules of the Securities and Exchange
Commission that permit us to provide only management's report in this annual
report.

CONCLUSIONS

Based on his evaluation of our controls, our chief executive officer and chief
accounting officer has concluded that, subject to the limitations noted above,
the disclosure controls are effective providing reasonable assurance that
material information relating to us is made known to management on a timely
basis during the period when our reports are being prepared. There were no

                                       24
<PAGE>
changes in our internal controls that occurred during the period covered by this
report that have been materially affected, or are reasonably likely to affect
our internal controls.

ITEM 9B:  OTHER INFORMATION

None.

                                    PART III

ITEM 10: DIRECTORS, EXECUTIVE OFFICERS, AND CORPORATE GOVERNANCE

Our executive officers and directors and their respective ages as of the date of
this annual report are as follows:

DIRECTORS:

Name of Director                 Age
----------------                 ---
Graeme McNeill                   28

EXECUTIVE OFFICERS:

Name of Officer                  Age                           Office
---------------                  ---                           ------
Graeme McNeill                   28               President, CEO, Secretary,
                                                  Treasurer and Director

Set forth below is a brief description of the background and business experience
of our executive officer and director for the past five years.

Since January 2008, GRAEME MCNEILL has been employed as a sales executive with
Taiga Forest Products in Calgary Alberta. Prior to that, he worked from January
2007 to January 2008 as a sales executive and inventory specialist for
Weyerhaeuser Company in Calgary. Mr. McNeill holds a Bachelor of Commerce degree
that he obtained at Royal Roads University in Calgary, Alberta in August of
2006.

TERM OF OFFICE

Our director is appointed for a one-year term to hold office until the next
annual general meeting of our shareholders or until removed from office in
accordance with our bylaws. Our officer is appointed by our board of directors
and hold office until removed by the board.

SIGNIFICANT EMPLOYEES

We have no significant employees other than the officer and director described
above.

SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE

Section 16(a) of the Exchange Act requires our executive officer and director,
and persons who beneficially own more than 10% of our equity securities, to file
reports of ownership and changes in ownership with the Securities and Exchange
Commission. Officers, directors and greater than 10% shareholders are required
by SEC regulation to furnish us with copies of all Section 16(a) forms they
file. Based on our review of the copies of such forms we received, we believe

                                       25
<PAGE>
that during the fiscal year ended July 31, 2009 all such filing requirements
applicable to our officers and directors were complied as follows:

                                     Number     Transactions    Known Failures
                                     of Late     Not Timely       To File a
Name and Principal Position          Reports      Reported          Report
---------------------------          -------      --------          ------

Graeme McNeill                          0            0                 1
(President CEO and director)

ITEM 11: EXECUTIVE COMPENSATION

The table below summarizes all compensation awarded to, earned by, or paid to
our executive officers by any person for all services rendered in all capacities
to us for the fiscal year ended July 31, 2009.

                               ANNUAL COMPENSATION

<TABLE>
<CAPTION>
                                                               Restricted
                                                      Other      Stock     Options/      LTIP       Other
Name          Title       Year     Salary    Bonus    Comp.     Awarded     SARs(#)    payouts($)   Comp
----          -----       ----     ------    -----    -----     -------     -------    ----------   ----
<S>          <C>        <C>      <C>         <C>      <C>        <C>         <C>         <C>       <C>
Graeme        Pres        2009       $0        0        0          0           0           0         0
McNeill       CEO & Dir

Chris         Former      2009       $0        0        0          0           0           0         0
Paterson      Pres        2008       $0        0        0          0           0           0         0
              CEO & Dir   2007       $0        0        0          0           0           0         0
</TABLE>

STOCK OPTION GRANTS

We have not granted any stock options to the executive officer since our
inception.

CONSULTING AGREEMENTS

We did not and do not have any employment or consulting agreement with Mr.
McNeill. We do not pay him any amount for acting as an officer or director.

ITEM 12: SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND
         RELATED STOCKHOLDER MATTERS

The following table provides the names and addresses of each person known to us
to own more than 5% of our outstanding common stock as of the date of this
annual report, and by the officers and directors, individually and as a group as
at the date of this annual report. Except as otherwise indicated, all shares are
owned directly.

                                       26
<PAGE>
Title and             Name and Address of              Number of     Percentage
 Class                 Beneficial Owner                 Shares       of Class
 -----                 ----------------                 ------       --------
Common              Graeme McNeill                     2,000,000       23.5%
Stock               647 - 1st Ave. N.E., Suite 213
                    Calgary, Alberta

Common              Christopher Paterson               2,000,000       23.5%
Stock               17365 SW 13th Street
                    Pembroke Pines, Florida 33029

Common              All Officers and Directors         2,000,000       23.5%
Stock               as a Group that consists of          shares
                    one person

The percent of class is based on 8,500,000 shares of common stock issued and
outstanding as of the date of this annual report.

There are no arrangements that may result in our change in control of the
company.

ITEM 13: CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR
         INDEPENDENCE

Neither our director and officer, nor any proposed nominee for election as a
director, nor any person who beneficially owns, directly or indirectly, shares
carrying more than 10% of the voting rights attached to all of our outstanding
shares, nor any promoter, nor any relative or spouse of any of the foregoing
persons has any material interest, direct or indirect, in any transaction since
our incorporation or in any presently proposed transaction which, in either
case, has or will materially affect us.

Our management is involved in other business activities and may, in the future
become involved in other business opportunities. If a specific business
opportunity becomes available, such persons may face a conflict in selecting
between our business and their other business interests. In the event that a
conflict of interest arises at a meeting of our directors, a director who has
such a conflict will disclose his interest in a proposed transaction and will
abstain from voting for or against the approval of such transaction.

ITEM 14:  PRINCIPAL ACCOUNTANT FEES AND SERVICES

Our principal accountants, Michael T. Studer CPA P.C., billed the following fees
for the services indicated:

                                Fiscal year ended          Fiscal year ended
                                  July 31, 2009              July 31, 2008
                                  -------------              -------------
Audit fees                           $10,500                    $11,900
Audit-related fees                       Nil                        Nil
Tax Fees                                 Nil                        Nil
All other fees                           Nil                        Nil

                                       27
<PAGE>
Audit fees consist of fees related to professional services rendered in
connection with the audit of our annual financial statements and reviews of our
quarterly financial statements.

Our policy is to pre-approve all audit and permissible non-audit services
performed by the independent accountants. These services may include audit
services, audit-related services, tax services and other services.

                                     PART IV

ITEM 15: EXHIBITS FINANCIAL STATEMENT SCHEDULES

Exhibit 31.1:  Certification pursuant to Rule 13a-14(a) under the Securities
               Exchange Act of 1934

Exhibit 31.2:  Certification pursuant to Rule 13a-14(a) under the Securities
               Exchange Act of 1934

Exhibit 32.1:  Certification pursuant to 18 U.S.C. Section 1350, as adopted
               pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

Exhibit 32.2:  Certification pursuant to 18 U.S.C. Section 1350, as adopted
               pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

                                   SIGNATURES

Pursuant to the requirements of Section 13 and 15 (d) of the Securities Exchange
Act of 1934, the Registrant has duly caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized.

Dated: October 7, 2009

WOLF RESOURCES, INC.


/s/ Graeme McNeill
-----------------------------------
Graeme McNeill
President, Chief Executive Officer,
Secretary, Treasurer and Director

                                       28