----

----

| [X]                  | ANNUAL      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934 For the fiscal year ended June 30, 2008 |
|----------------------|----------------------------------------------------------------------------------------------------------------------------------------|
|                 |                                                                                                                                   |
|                 | OR                                                                                                                                     |
|                 |                                                                                                                                   |
| [   ] | TRANSITION      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934                                     |

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| Nevada                                                              | N/A                                    |
|---------------------------------------------------------------------|----------------------------------------|
| (State      or other jurisdiction of incorporation or organization) | (IRS      Employer Identification No.) |

----

----

----

| PART      I                                                                                                                        |   |
|------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                               |   |
| Item 1. Description of      Business                                                                                               | 3      |
|                                                                                                                               |   |
| Item 2. Description of      Properties                                                                                             | 6      |
|                                                                                                                               |   |
| Item 3. Legal      Proceedings                                                                                                     | 6      |
|                                                                                                                               |   |
| Item 4. Submission of      Matters to a Vote of Security      Holders                                                              | 6      |
|                                                                                                                               |   |
| PART      II                                                                                                                       |   |
|                                                                                                                               |   |
| Item 5. Market for Common Equity;      Related Stockholder Matters and Small Business Issuer Purchases of Equity      Securities   | 7      |
|                                                                                                                               |   |
| Item 6. Management's Discussion      and Analysis or Plan of Operation                                                             | 8      |
|                                                                                                                               |   |
| Item 7. Financial      Statements                                                                                                  | 14     |
|                                                                                                                               |   |
| Item 8. Changes in and      Disagreements with Accountants on      Accounting and Financial Disclosure                             | 24     |
|                                                                                                                               |   |
| Item 8A. Controls and      Procedures                                                                                              | 24     |
|                                                                                                                               |   |
| Item 8B. Other      Information                                                                                                    | 24     |
|                                                                                                                               |   |
| PART      III                                                                                                                      |   |
|                                                                                                                               |   |
| Item 9. Directors, Executive      Officers, Promoters, and Control Persons; Compliance with Section 16(a) of      the Exchange Act | 25     |
|                                                                                                                               |   |
| Item 10. Executive Compensation                                                                                                    | 27     |
|                                                                                                                               |   |
| Item 11. Security Ownership of      Certain Beneficial Owners and Management and Related Stockholder      Matters                  | 27     |
|                                                                                                                               |   |
| Item 12. Certain Relationships and Related      Transactions                                                                       | 27     |
|                                                                                                                               |   |
| Item 13.      Exhibits                                                                                                             | 27     |
|                                                                                                                               |   |
| Item 14. Principal Accountant      Fees and Services                                                                               | 28     |
|                                                                                                                               |   |
| Signature      Page                                                                                                                | 29     |

----

ITEM 1. DESCRIPTION OF BUSINESS

----

| (1)   | Products      and Services |
|-----------------|----------------------------|

|   l | Online      Capture, users with a webcam and Flash software are able to instantly      record video responses or normal videos onto the site rather than having      to prerecord then upload the video; |
|---------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   l | Video      and Album, users can elect to share their videos or album publicly or      privately with friends and family uponupload; |
|---------------|-------------------------------------------------------------------------------------------------------------------------------------|

|   l | Subscriptions      allow users to keep track of their favorite users’ new    videos |
|---------------|-------------------------------------------------------------------------------------------|

|   l | Video      storage and personal space, CnBoo offers all members a stable and      easy-to-use platform for storage and publishing. All users’ information      and video files are guaranteed to have a life-long  service. |
|---------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | Method      of Distribution and Marketing |
|-----------------|-------------------------------------------|

----

|   n | Leading      technology in video conversion, support mainstream video formats: WMV,RM,MOV,MPEG in      converting to optimized format of FLV and improve the speed and quality of      viewing. |
|---------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   n | Building      the application of the mainstream RIA under WEB2.0 based on FLASH and      AJAX.PHP technologies, featured in powerful functions, high interaction      and user friendly experience. |
|---------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   n | Unique      online video space/storage, release and upload systems as well as the      disposal of network security, server layout and setting up the bigger and      extensible platform for videointeraction. |
|---------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   n | The      application of WAP technology, development and application of 3G      technology for mobile phones, realization of interaction between mobile      phone and network, thus applying for users in  interaction |
|---------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   n | Strategic      partners from all over the country can bring potentially millions of      members to CnBoo, based on our recent  experience. |
|---------------|---------------------------------------------------------------------------------------------------------------------------------------------|

|   n | The      leading network video core technology, 3G conversion technology as well as      the core technologies of online and offline interacting systems enable all      users to access video interaction on their PC, cell phone and TV      terminals. |
|---------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   n | Video      sharing, network album, travel through video, video networking, video      information classification (Video Posts), 1.5 million ground magazines as      well as the first Chinese online video magazine, travel satellite TV      platform, integration of resources to build CnBoo’s unique profitability      mode. |
|---------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   n | The      realization of interconnection between network platform and mobile phone      network platform is truly made with the application of WAP technology plus      nationwide promotion of CnBoo’s WAP platform for mobile phones, whereupon,      making it the first network platform for video interaction in China, and      presenting its unique advantages in the full range of      businesses. |
|---------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

ITEM 2. DESCRIPTION OF PROPERTIES

ITEM 3. LEGAL PROCEEDINGS

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITYHOLDERS

----

ITEM 5. MARKET FOR COMMON STOCK, RELATED STOCKHOLDER MATTERS ANDSMALL BUSINESS ISSUER PURCHASES OF EQUITY SECURITIES

| 2008                      | Bid      (U.S. $) |
|---------------------------|-------------------|
|                      |  HIGH        |  LOW |
|  First      Quarter  | 0.45              | 0.23 |
|  Second      Quarter | 0.37              | 0.10 |
|  Third      Quarter  | 0.12              | 0.08 |
|  Fourth      Quarter | 0.07              | 0.05 |

----

ITEM 6. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OFOPERATION

| · | our      business strategies and future plans of  operations, |
|--------|---------------------------------------------------------------|

| · | general      economic conditions in the United States and elsewhere, as well as the      economic conditions affecting the industries in which we      operate, |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | the      market acceptance and amount of sales of our products and      services, |
|--------|-----------------------------------------------------------------------------------|

| · | our      historical losses, |
|--------|-----------------------------|

| · | the      competitive environment within the industries in which we      compete, |
|--------|----------------------------------------------------------------------------------|

| · | our      ability to raise additional capital, currently needed for expansion, the      other factors and information discussed in other sections of this report      and in the documents incorporated by reference in this    report. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

| 1.   | Personal      blog                         |
|----------------|--------------------------------------------|
| 2.   | Audi/video      publishing and subscribing |

| 3.   | Offer      of 3G content services     |
|----------------|---------------------------------------|
| 4.   | Video      storage and personal space |

| 5.   | Online      video ads             |
|----------------|-----------------------------------|
| 6.   | Business      video demonstration |

| 7.   | Download      of digital programs                                                                |
|----------------|--------------------------------------------------------------------------------------------------|
| 8.   | Charges      for wireless value added services  and personal value added      services |

| •   | Podcast,      video sharing and cyberspace community. These communities grow up quietly      but quickly, being expected to become a next Internet    hotspot. |
|---------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------|

| •   | ITunes      and RSS automatic subscription change people’s way to use the Internet,      while the creation of a gathering zone for personal videos complies with      the next trend of netizens’ use ofInternet. |
|---------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| •   | With      upcoming full services of 3G and wireless network, digital content market      encounters “vacuum”. |
|---------------------|---------------------------------------------------------------------------------------------------------------------------|

| •   | “Grass-root”      culture, revitalize idol in commoner, and will speed up the development of      video sharing service. |
|---------------------|--------------------------------------------------------------------------------------------------------------------------------------|

----

| · | the      promulgation of new laws and regulations and the interpretation of those      laws and regulations; |
|--------|--------------------------------------------------------------------------------------------------------------|

| · | inconsistent      enforcement and application of the telecommunications industry’s      rules and regulations by the Chinese government between foreign and      domestic companies; |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | the      restructuring of telecommunications carriers in  China; |
|--------|------------------------------------------------------------------|

| · | the      introduction of measures to control inflation or stimulate      growth; |
|--------|----------------------------------------------------------------------------------|

| · | the      introduction of new guidelines for tariffs and service rates, which affect      our ability to competitively price our products and    services; |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | changes      in the rate or method of taxation; |
|--------|-------------------------------------------------|

| · | the      imposition of additional restrictions on currency conversion and      remittances abroad; or |
|--------|-------------------------------------------------------------------------------------------------------|

| · | any      actions that limit our ability to develop, manufacture, import or sell our      products in China, or to finance and operate our business in      China. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

| · | Cease      selling, incorporating or using any of the Company's technology and/or      product that incorporates the challenged intellectual property, which      could adversely affect the Company'srevenue; |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | Obtain      a license from the holder of the infringed intellectual property right,      which may be costly or may not be available on reasonable terms, if at      all; or |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | Redesign      the Company's product, which would be costly and time      consuming. |
|--------|-------------------------------------------------------------------------------------|

----

ITEM 7. FINANCIAL STATEMENTS

|   | Michael      T. Studer CPA P.C.Michael T. Studer CPAP.C. |
|--------|----------------------------------------------------------|

----

| China      YouTV Corp.                                                                          |   |                                                                                              |   |                                                                                              |
|-------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------|
| (formerly      Admax Resources Inc.)                                                            |   |                                                                                              |   |                                                                                              |
| (A      Development Stage Company)                                                              |   |                                                                                              |   |                                                                                              |
| Balance      Sheets                                                                             |   |                                                                                              |   |                                                                                              |
| June      30, 2008 and 2007                                                                     |   |                                                                                              |   |                                                                                              |
|                                                                                            |   |                                                                                              |   |                                                                                              |
|                                                                                            |   |                                                                                              |   |                                                                                              |
|                                                                                            |   | June      30,                                                                                     |   | June      30,                                                                                     |
| (Expressed      in U.S. Dollars)                                                                |   | 2008                                                                                              |   | 2007                                                                                              |
|                                                                                            |   |                                                                                              |   | (Restated)                                                                                        |
| ASSETS                                                                                          |   |                                                                                              |   |                                                                                              |
| Current      assets                                                                             |   |                                                                                              |   |                                                                                              |
|    Cash                                                                          | $      |       24,484                                                        | $      |         7,922                                             |
|    Prepaid      expenses                                                         |   |         2,136                                             |   |         1,704                                             |
| Total      current assets                                                                       |   |       26,620                                                        |   |         9,626                                             |
|                                                                                            |   |                                                                                              |   |                                                                                              |
| Other      assets                                                                               |   |                 - |   |                 - |
|                                                                                            |   |                                                                                              |   |                                                                                              |
| Total      assets                                                                               | $      |       26,620                                                        | $      |         9,626                                             |
|                                                                                            |   |                                                                                              |   |                                                                                              |
| LIABILITIES                                                                                     |   |                                                                                              |   |                                                                                              |
| Current                                                                                         |   |                                                                                              |   |                                                                                              |
|    Accounts      payable and accrued liabilities                                 | $      |       60,968                                                        | $      |       36,795                                                        |
|    Due      to related party (Note 4)                                            |   |     170,084                                                                   |   |       62,120                                                        |
|                                                                                            |   |                                                                                              |   |                                                                                              |
| Total      liabilities                                                                          |   |     231,052                                                                   |   |       98,915                                                        |
|                                                                                            |   |                                                                                              |   |                                                                                              |
| STOCKHOLDERS'      EQUITY (DEFICIENCY)                                                          |   |                                                                                              |   |                                                                                              |
|                                                                                            |   |                                                                                              |   |                                                                                              |
| Stockholders'      Equity (Deficiency)                                                          |   |                                                                                              |   |                                                                                              |
|    Preferred      stock: $0.00001 par value;                                     |   |                                                                                              |   |                                                                                              |
|    authorized      1,000,000,000 shares,                                         |   |                                                                                              |   |                                                                                              |
|    issued      and outstanding 0 and 0 shares, respectively                      |   |                 - |   |                 - |
|    Common      stock, $0.00001 par value;                                        |   |                                                                                              |   |                                                                                              |
|    authorized      1,000,000,000 shares,                                         |   |                                                                                              |   |                                                                                              |
|    issued      and outstanding 30,060,000 and 24,160,000 shares,    respectively |   |            301                             |   |            242                             |
|    Additional      paid-in capital                                               |   |     681,089                                                                   |   |     270,948                                                                   |
|    Deferred      stock-based compensation                                        |   |    (188,750)                                                                       |   |    (156,250)                                                                       |
|    Accumulated      deficit during the development stage                         |   |    (697,072)                                                                       |   |    (204,229)                                                                       |
|                                                                                            |   |                                                                                              |   |                                                                                              |
| Total      stockholders' equity (deficiency)                                                    |   |    (204,432)                                                                       |   |      (89,289)                                                            |
|                                                                                            |   |                                                                                              |   |                                                                                              |
| Total      liabilities and stockholders' equity (deficiency)                                    | $      |       26,620                                                        | $      |         9,626                                             |
| (The      accompanying notes are an integral part of these financial      statements)           |   |                                                                                              |   |                                                                                              |

----

| China      YouTV Corp.                                                                |   |                                                                                                                      |   |                                                                                                                      |   |                                                                                                                                                    |
|---------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------|
| (formerly      Admax Resources Inc.)                                                  |   |                                                                                                                      |   |                                                                                                                      |   |                                                                                                                                                    |
| (A      Development Stage Company)                                                    |   |                                                                                                                      |   |                                                                                                                      |   |                                                                                                                                                    |
| Statements      of Operations                                                         |   |                                                                                                                      |   |                                                                                                                      |   |                                                                                                                                                    |
| For      the years ended June 30, 2008 and 2007 and for the period                    |   |                                                                                                                      |   |                                                                                                                      |
| from      May 18, 2005 (Inception) to June 30, 2008                                   |   |                                                                                                                      |   |                                                                                                                      |   |                                                                                                                                                    |
|                                                                                  |   |                                                                                                                      |   |                                                                                                                      |   |                                                                                                                                                    |
|                                                                                  |   |                                                                                                                      |   |                                                                                                                      |   | Cumulative                                                                                                                                              |
|                                                                                  |   |                                                                                                                      |   |                                                                                                                      |   | during      the                                                                                                                                         |
|                                                                                  |   |                                                                                                                      |   |                                                                                                                      |   | development                                                                                                                                             |
|                                                                                  |   |                                                                                                                      |   |                                                                                                                      |   | stage      (May 18,                                                                                                                                     |
|                                                                                  |   | Year      ended June 30,                                                                                                  |   | 2005      to                                                                                                              |
| (Expressed      in U.S. Dollars)                                                      |   | 2008                                                                                                                      |   | 2007                                                                                                                      |   | June      30, 2008)                                                                                                                                     |
|                                                                                  |   |                                                                                                                      |   |                                                                                                                      |   |                                                                                                                                                    |
| Revenue                                                                               | $      |                     - | $      |                     - | $      |                          - |
|                                                                                  |   |                                                                                                                      |   |                                                                                                                      |   |                                                                                                                                                    |
| Expenses                                                                              |   |                                                                                                                      |   |                                                                                                                      |   |                                                                                                                                                    |
|   General      and administrative                                           |   |          492,843                                                             |   |          160,314                                                             |   |               689,600                                                             |
|   Impairment      of mineral claim acquisition costs and                    |   |                                                                                                                      |   |                                                                                                                      |   |                                                                                                                                                    |
|   mineral      claim exploration and carrying costs                         |   |                     - |   |              1,761                                       |   |                   7,794                                       |
|                                                                                  |   |          492,843                                                             |   |          162,075                                                             |   |               697,394                                                             |
|                                                                                  |   |                                                                                                                      |   |                                                                                                                      |   |                                                                                                                                                    |
| Operating      loss                                                                   |   |        (492,843)                                                                       |   |        (162,075)                                                                       |   |             (697,394)                                                                       |
|                                                                                  |   |                                                                                                                      |   |                                                                                                                      |   |                                                                                                                                                    |
| Other      income                                                                     |   |                                                                                                                      |   |                                                                                                                      |   |                                                                                                                                                    |
|   Interest      income                                                      |   |                     - |   |                 322                       |   |                      322                       |
|                                                                                  |   |                                                                                                                      |   |                                                                                                                      |   |                                                                                                                                                    |
| Net      loss                                                                         | $      |        (492,843)                                                                       | $      |        (161,753)                                                                       | $      |             (697,072)                                                                       |
|                                                                                  |   |                                                                                                                      |   |                                                                                                                      |   |                                                                                                                                                    |
| Net      loss per share                                                               |   |                                                                                                                      |   |                                                                                                                      |   |                                                                                                                                                    |
| Basic      and diluted                                                                | $      |              (0.02)                                      | $      |              (0.01)                                      |   |                                                                                                                                                    |
|                                                                                  |   |                                                                                                                      |   |                                                                                                                      |   |                                                                                                                                                    |
| Number      of common shares used to                                                  |   |                                                                                                                      |   |                                                                                                                      |   |                                                                                                                                                    |
| compute      loss per share                                                           |   |                                                                                                                      |   |                                                                                                                      |   |                                                                                                                                                    |
|   Basic and      diluted                                                    |   |     27,984,044                                                                                        |   |     23,865,041                                                                                        |   |                                                                                                                                                    |
| (The      accompanying notes are an integral part of these financial      statements) |   |                                                                                                                      |   |                                                                                                                      |

----

| China      YouTV Corp.                                                                |                                                                                                                      |                                                                                                                |                                                                                                                                              |                                                                                                                                              |                                                                                                                                  |                                                                                                                      |
|---------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------|
| (formerly      Admax Resources Inc.)                                                  |                                                                                                                      |                                                                                                                |                                                                                                                                              |                                                                                                                                              |                                                                                                                                  |                                                                                                                      |
| (A      Development Stage Company)                                                    |                                                                                                                      |                                                                                                                |                                                                                                                                              |                                                                                                                                              |                                                                                                                                  |                                                                                                                      |
| Statements      of Stockholders' Equity (Deficiency)                                  |                                                                                                                      |                                                                                                                |                                                                                                                                              |                                                                                                                                              |                                                                                                                                  |                                                                                                                      |
| For      the period May 18, 2005 (Inception) to June 30, 2008                         |                                                                                                                      |                                                                                                                |                                                                                                                                              |                                                                                                                                              |                                                                                                                                  |
|                                                                                  |                                                                                                                      |                                                                                                                |                                                                                                                                              |                                                                                                                                              |                                                                                                                                  |                                                                                                                      |
|                                                                                  |                                                                                                                      |                                                                                                                |                                                                                                                                              |                                                                                                                                              |                                                                                                                                  |                                                                                                                      |
|                                                                                  |                                                                                                                      |                                                                                                                |                                                                                                                                              |                                                                                                                                              |  Deficit                                                                                                                         |                                                                                                                      |
|                                                                                  |                                                                                                                      |                                                                                                                |                                                                                                                                              |                                                                                                                                              | Accumulated                                                                                                                           | Total                                                                                                                     |
|                                                                                  |  Common      Stock, $0.00001                                                                                         |                                                                                                                | Deferred                                                                                                                                          | During      the                                                                                                                                   | Stockholders'                                                                                                                         |
|                                                                                  |  Par      Value                                                                                                      |                                                                                                                |  Additional                                                                                                                                  |  Stock-Based                                                                                                                                 |  Development                                                                                                                     | Equity                                                                                                                    |
| (Expressed      in U.S. Dollars)                                                      |  Shares                                                                                                              |  Amount                                                                                                        |  paid-in      capital                                                                                                                        |  Compensation                                                                                                                                |  Stage                                                                                                                           | (Deficiency)                                                                                                              |
|                                                                                  |                                                                                                                      |                                                                                                                |                                                                                                                                              |                                                                                                                                              |                                                                                                                                  |                                                                                                                      |
| Common      stock issued to two officers                                              |                                                                                                                      |                                                                                                                |                                                                                                                                              |                                                                                                                                              |                                                                                                                                  |                                                                                                                      |
| and      directors for cash on May 19, 2005                                           |                                                                                                                      |                                                                                                                |                                                                                                                                              |                                                                                                                                              |                                                                                                                                  |                                                                                                                      |
| at      a price of $0.000001 per share                                                |     10,000,000                                                                                        |  $           100                                        |  $                 (90)                                 |  $                     -            |  $                   -            |  $               10                       |
|                                                                                  |                                                                                                                      |                                                                                                                |                                                                                                                                              |                                                                                                                                              |                                                                                                                                  |                                                                                                                      |
| Net      loss for the period ended June 30, 2005                                      |                     - |                    - |                         - |                         - |            (14,936)                                                            |          (14,936)                                                            |
|                                                                                  |                                                                                                                      |                                                                                                                |                                                                                                                                              |                                                                                                                                              |                                                                                                                                  |                                                                                                                      |
| Balance,      June 30, 2005                                                           |     10,000,000                                                                                        |               100                             |                     (90)                      |                         - |            (14,936)                                                            |          (14,926)                                                            |
|                                                                                  |                                                                                                                      |                                                                                                                |                                                                                                                                              |                                                                                                                                              |                                                                                                                                  |                                                                                                                      |
| Common      stock issued for cash                                                     |                                                                                                                      |                                                                                                                |                                                                                                                                              |                                                                                                                                              |                                                                                                                                  |                                                                                                                      |
| on      September 29, 2005 at a price of                                              |                                                                                                                      |                                                                                                                |                                                                                                                                              |                                                                                                                                              |                                                                                                                                  |                                                                                                                      |
| $0.0025      per share                                                                |     13,800,000                                                                                        |               138                             |               34,362                                                        |                         - |                       - |            34,500                                                  |
|                                                                                  |                                                                                                                      |                                                                                                                |                                                                                                                                              |                                                                                                                                              |                                                                                                                                  |                                                                                                                      |
| Net      loss for the year ended June 30, 2006                                        |                     - |                    - |                         - |                         - |            (27,540)                                                            |          (27,540)                                                            |
|                                                                                  |                                                                                                                      |                                                                                                                |                                                                                                                                              |                                                                                                                                              |                                                                                                                                  |                                                                                                                      |
| Balance,      June 30, 2006                                                           |     23,800,000                                                                                        |               238                             |               34,272                                                        |                         - |            (42,476)                                                            |            (7,966)                                                 |
|                                                                                  |                                                                                                                      |                                                                                                                |                                                                                                                                              |                                                                                                                                              |                                                                                                                                  |                                                                                                                      |
| Common      stock contracted on March 10,                                             |                                                                                                                      |                                                                                                                |                                                                                                                                              |                                                                                                                                              |                                                                                                                                  |                                                                                                                      |
| 2007      to be issued for services to be rendered                                    |                                                                                                                      |                                                                                                                |                                                                                                                                              |                                                                                                                                              |                                                                                                                                  |                                                                                                                      |
| from      April 1, 2007 to September 30, 2008                                         |                                                                                                                      |                                                                                                                |                                                                                                                                              |                                                                                                                                              |                                                                                                                                  |                                                                                                                      |
| (issued      on July 1, 2007)                                                         |          250,000                                                             |                   3       |             187,497                                                                   |            (187,500)                                                                       |                       - |                     - |
|                                                                                  |                                                                                                                      |                                                                                                                |                                                                                                                                              |                                                                                                                                              |                                                                                                                                  |                                                                                                                      |
| Common      stock issued on June 22, 2007 for                                         |                                                                                                                      |                                                                                                                |                                                                                                                                              |                                                                                                                                              |                                                                                                                                  |                                                                                                                      |
| consulting      services rendered                                                     |          100,000                                                             |                   1       |               44,679                                                        |                         - |                       - |            44,680                                                  |
|                                                                                  |                                                                                                                      |                                                                                                                |                                                                                                                                              |                                                                                                                                              |                                                                                                                                  |                                                                                                                      |
| Common      stock issued on June 22, 2007 for                                         |                                                                                                                      |                                                                                                                |                                                                                                                                              |                                                                                                                                              |                                                                                                                                  |                                                                                                                      |
| legal      services rendered                                                          |            10,000                                                  |                    - |                 4,500                                             |                         - |                       - |              4,500                                       |
|                                                                                  |                                                                                                                      |                                                                                                                |                                                                                                                                              |                                                                                                                                              |                                                                                                                                  |                                                                                                                      |
| Amortization      of stock-based compensation                                         |                     - |                    - |                         - |                31,250                                                  |                       - |            31,250                                                  |
|                                                                                  |                                                                                                                      |                                                                                                                |                                                                                                                                              |                                                                                                                                              |                                                                                                                                  |                                                                                                                      |
| Net      loss for the year ended June 30, 2007                                        |                     - |                    - |                         - |                                                                                                                                              |          (161,753)                                                                       |        (161,753)                                                                       |
|                                                                                  |                                                                                                                      |                                                                                                                |                                                                                                                                              |                                                                                                                                              |                                                                                                                                  |                                                                                                                      |
|                                                                                  |                                                                                                                      |                                                                                                                |                                                                                                                                              |                                                                                                                                              |                                                                                                                                  |                                                                                                                      |
| Balance,      June 30, 2007  (Restated)                                     |     24,160,000                                                                                        |               242                             |             270,948                                                                   |            (156,250)                                                                       |          (204,229)                                                                       |          (89,289)                                                            |
|                                                                                  |                                                                                                                      |                                                                                                                |                                                                                                                                              |                                                                                                                                              |                                                                                                                                  |                                                                                                                      |
| Common      stock issued on October 1, 2007 for                                       |                                                                                                                      |                                                                                                                |                                                                                                                                              |                                                                                                                                              |                                                                                                                                  |                                                                                                                      |
| services      to be rendered from October 1, 2007                                     |                                                                                                                      |                                                                                                                |                                                                                                                                              |                                                                                                                                              |                                                                                                                                  |                                                                                                                      |
| to      March 31, 2009                                                                |       4,500,000                                                                             |                 45                  |             314,955                                                                   |            (315,000)                                                                       |                       - |                     - |
|                                                                                  |                                                                                                                      |                                                                                                                |                                                                                                                                              |                                                                                                                                              |                                                                                                                                  |                                                                                                                      |
| Common      stock issued on March 4, 2008 for                                         |                                                                                                                      |                                                                                                                |                                                                                                                                              |                                                                                                                                              |                                                                                                                                  |                                                                                                                      |
| investor      relations services to be rendered                                       |                                                                                                                      |                                                                                                                |                                                                                                                                              |                                                                                                                                              |                                                                                                                                  |                                                                                                                      |
| from      March 1, 2008 to May 31, 2008                                               |       1,400,000                                                                             |                 14                  |               95,186                                                        |              (95,200)                                                            |                       - |                     - |
|                                                                                  |                                                                                                                      |                                                                                                                |                                                                                                                                              |                                                                                                                                              |                                                                                                                                  |                                                                                                                      |
| Amortization      of stock-based compensation                                         |                     - |                    - |                         - |              377,700                                                             |                       - |          377,700                                                             |
|                                                                                  |                                                                                                                      |                                                                                                                |                                                                                                                                              |                                                                                                                                              |                                                                                                                                  |                                                                                                                      |
| Net      loss for the year ended June 30, 2008                                        |                     - |                    - |                         - |                         - |          (492,843)                                                                       |        (492,843)                                                                       |
|                                                                                  |                                                                                                                      |                                                                                                                |                                                                                                                                              |                                                                                                                                              |                                                                                                                                  |                                                                                                                      |
|                                                                                  |                                                                                                                      |                                                                                                                |                                                                                                                                              |                                                                                                                                              |                                                                                                                                  |                                                                                                                      |
| Balance,      June 30, 2008                                                           |     30,060,000                                                                                        |  $           301                                        |  $         681,089                                                                              |  $        (188,750)                                                                                  |  $      (697,072)                                                                                  |  $    (204,432)                                                                                  |
| (The      accompanying notes are an integral part of these financial      statements) |                                                                                                                      |                                                                                                                |                                                                                                                                              |                                                                                                                                              |

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| China      YouTV Corp.                                                                                 |    |                                                                                              |    |                                                                                              |    |                                                                                                                                                                      |
|--------------------------------------------------------------------------------------------------------|---------|---------------------------------------------------------------------------------------------------|---------|---------------------------------------------------------------------------------------------------|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (formerly      Admax Resources Inc.)                                                                   |    |                                                                                              |    |                                                                                              |    |                                                                                                                                                                      |
| (A      Development Stage Company)                                                                     |    |                                                                                              |    |                                                                                              |    |                                                                                                                                                                      |
| Statements      of Cash Flows                                                                          |    |                                                                                              |    |                                                                                              |    |                                                                                                                                                                      |
| For      the years ended June 30, 2008 and 2007 and for the period                                     |    |                                                                                              |    |                                                                                              |    |                                                                                                                                                                      |
| from      May 18 (Inception) to June 30, 2008                                                          |    |                                                                                              |    |                                                                                              |    |                                                                                                                                                                      |
|                                                                                                   |    |                                                                                              |    |                                                                                              |    |                                                                                                                                                                      |
|                                                                                                   |    |                                                                                              |    |                                                                                              |    |                                                                                                                                                                      |
|                                                                                                   |    |                                                                                              |    |                                                                                              |    |  Cumulative                                                                                                                                                          |
|                                                                                                   |    |                                                                                              |    |                                                                                              |    |  during      the                                                                                                                                                     |
|                                                                                                   |    |                                                                                              |    |                                                                                              |    |  development                                                                                                                                                         |
|                                                                                                   |    |                                                                                              |    |                                                                                              |    |  stage      (May 18,                                                                                                                                                 |
|                                                                                                   |    |  Year      ended June 30,                                                                    |    |  2005      to                                                                                |
| (Expressed      in U.S. Dollars)                                                                       |    |  2008                                                                                        |    |  2007                                                                                        |    |  June      30, 2008)                                                                                                                                                 |
|                                                                                                   |    |                                                                                              |    |                                                                                              |    |                                                                                                                                                                      |
| Cash      flows from (used in) operating activities                                                    |    |                                                                                              |    |                                                                                              |    |                                                                                                                                                                      |
|    Net      loss for the period                                                         |  $ |    (492,843)                                                                       |  $ |    (161,753)                                                                       |  $ |                (697,072)                                                                       |
|    Adjustments      to reconcile net income (loss) to net cash used for                 |    |                                                                                              |    |                                                                                              |    |                                                                                                                                                                      |
|    operating      activities:                                                           |    |                                                                                              |    |                                                                                              |    |                                                                                                                                                                      |
|      Impairment      of mineral property costs and deferred exploration costs |    |                 - |    |                 - |    |                      6,033                                       |
|      Stock-based      compensation                                            |    |     377,700                                                                   |    |       80,430                                                        |    |                  458,130                                                             |
|    Changes      in operating assets and liabilities:                                    |    |                                                                                              |    |                                                                                              |    |                                                                                                                                                                      |
|       Prepaid      expenses                                              |    |           (432)                                 |    |        (1,704)                                                 |    |                    (2,136)                                                 |
|       Accounts      payable and accrued liabilities                      |    |       24,173                                                        |    |       31,795                                                        |    |                    60,968                                                  |
| Net      cash used for operating activities                                                            |    |      (91,402)                                                            |    |      (51,232)                                                            |    |                (174,077)                                                                       |
|                                                                                                   |    |                                                                                              |    |                                                                                              |    |                                                                                                                                                                      |
| Cash      flows from (used in) investing activities                                                    |    |                                                                                              |    |                                                                                              |    |                                                                                                                                                                      |
|   Mineral      claim acquisition costs incurred                                              |    |                 - |    |                 - |    |                    (6,033)                                                 |
| Cash      flows from (used in) investing activities                                                    |    |                 - |    |                 - |    |                    (6,033)                                                 |
|                                                                                                   |    |                                                                                              |    |                                                                                              |    |                                                                                                                                                                      |
| Cash      flows from (used in) financing activities                                                    |    |                                                                                              |    |                                                                                              |    |                                                                                                                                                                      |
|   Loans      from related party                                                              |    |     107,964                                                                   |    |       41,631                                                        |    |                  170,084                                                             |
|   Proceeds      from sales of common stock                                                   |    |                 - |    |                 - |    |                    34,510                                                  |
| Net      cash provided by financing activities                                                         |    |     107,964                                                                   |    |       41,631                                                        |    |                  204,594                                                             |
|                                                                                                   |    |                                                                                              |    |                                                                                              |    |                                                                                                                                                                      |
| Increase      (Decrease) in cash                                                                       |    |       16,562                                                        |    |        (9,601)                                                 |    |                    24,484                                                  |
|                                                                                                   |    |                                                                                              |    |                                                                                              |    |                                                                                                                                                                      |
| Cash,      beginning of period                                                                         |    |         7,922                                             |    |       17,523                                                        |    |                             - |
| Cash,      end of period                                                                               |  $ |       24,484                                                        |  $ |         7,922                                             |  $ |                    24,484                                                  |
|                                                                                                   |    |                                                                                              |    |                                                                                              |    |                                                                                                                                                                      |
|                                                                                                   |    |                                                                                              |    |                                                                                              |    |                                                                                                                                                                      |
| Supplemental      disclosure of cash flow information:                                                 |    |                                                                                              |    |                                                                                              |    |                                                                                                                                                                      |
|     Interest      paid                                                             |  $ |                 - |  $ |                 - |  $ |                             - |
|     Income      tax paid                                                           |  $ |                 - |  $ |                 - |  $ |                             - |
| (The      accompanying notes are an integral part of these financial      statements)                  |    |                                                                                              |    |                                                                                              |    |                                                                                                                                                                      |

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|                                 |   | June      30,                                                                                     |
|--------------------------------------|--------|---------------------------------------------------------------------------------------------------|
|                                 |   | 2008                                                                                              |       2,007 |
| Net      operating loss carryforward | $      |     134,163                                                                   |     60,543 |
| Less      valuation allowance        |   |    (134,163)                                                                       |    (60,543) |
| Net                                  | $      |                 - |               - |

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|                                   | Year      ended June 30 |
|----------------------------------------|-------------------------|
|                                   |                    | 2008 |   |   | 2007 |
| Expected      tax at 35%               | $                       |    (172,495) |   |  $ |    (56,614) |
| Nondeductible      stock-based         |                    |   |   |   |   |
| compensation                           |                    |       98,875 |   |   |     10,938 |
| Change      in valuation allowance     |                    |       73,620 |   |   |     45,676 |
| Actual      provision for income taxes | $                       |                 - |   |  $ |               - |

|                                                         | As      previously                                                                                                        |   | Restatement                                                                                                                                              |   | As                                                                    |
|--------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------|
|                                                         | reported                                                                                                                  |   | adjustment                                                                                                                                               |   | restated                                                              |
|                                                         |                                                                                                                      |   |                                                                                                                                                     |   |                                                                  |
| Cash                                                         |  $           7,922                                            |   |                $               - |   |  $      7,922                      |
| Prepaid      expenses                                        |           157,954                                                       |   |        (156,250)                                                                                                      |   |          1,704           |
| Total      current assets and total assets                   |  $       165,876                                                                  |   |  $    (156,250)                                                                                                                 |   |  $      9,626                      |
|                                                         |                                                                                                                      |   |                                                                                                                                                     |   |                                                                  |
| Total      current liabilities and total liabilities         |  $         98,915                                                       |   |                $               - |   |  $    98,915                                 |
|                                                         |                                                                                                                      |   |                                                                                                                                                     |   |                                                                  |
| Common      stock                                            |                 242                       |   |                                                                                                                                                     |   |            242 |
| Additional      paid-in capital                              |           270,948                                                       |   |                                                                                                                                                     |   |      270,948                                 |
| Deferred      stock-based compensation                       |                     - |   |        (156,250)                                                                                                      |   |     (156,250)                                     |
| Deferred      accumulated during the development stage       |         (204,229)                                                                 |   |                   -                                            |   |     (204,229)                                     |
| Total      stockholders' equity (deficiency)                 |             66,961                                            |   |        (156,250)                                                                                                      |   |       (89,289)                          |
|                                                         |                                                                                                                      |   |                                                                                                                                                     |   |                                                                  |
| Total      liabilities and stockholders' equity (deficiency) |  $       165,876                                                                  |   |  $    (156,250)                                                                                                                 |   |  $      9,626                      |

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ITEM 8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTINGAND FINANCIAL DISCLOSURE

ITEM 8A. CONTROLS AND PROCEDURES

ITEM 8B. OTHER INFORMATION

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ITEM 9. DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS, AND CONTROLPERSONS; COMPLIANCE WITH SECTION 16(a) OF THE EXCHANGE ACT

| Name                | Age | Title                       | Term   |
|---------------------|-----|-----------------------------|--------|
| James      Wei      | 35  | President      and Director | Annual |
|  Jie      Wang | 53  | Director                    | Annual |

| James      Wei | 100% |
|----------------|------|
| Jie      Wang  | 50%  |

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ITEM 10. EXECUTIVE COMPENSATION

| Name           | Fees      Earned orPaid      in Cash | Stock      Awards ($) | Option      Awards ($) | Non-Equity      Incentive Plan Compensation ($) | Nonqualified      Deferred Compensation Earnings ($) | All      OtherCompensation      ($) | Total      ($) |
|----------------|--------------------------------------|-----------------------|------------------------|-------------------------------------------------|------------------------------------------------------|-------------------------------------|----------------|
| (a)            | (b)                             | (c)                   |  (d)              | (e)                                             | (f)                                                  | (g)                                 |  (h)      |
| James      Wei | 0                                    | 0                     | 0                      | 0                                               | 0                                                    | 0                                   | 0              |
| Jie      Wang  | 0                                    | 0                     | 0                      | 0                                               | 0                                                    | 0                                   | 0              |

ITEM 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS ANDMANAGEMENT AND RELATED STOCKHOLDER MATTERS

| Name      of Beneficial Owner                                                         | Title      of Class     | Total      Number of Securities Owned Beneficially | Percent      of Class (1) |
|---------------------------------------------------------------------------------------|-------------------------|----------------------------------------------------|---------------------------|
| James      Wei                                                                        | Common      Stock  | 600,000                                            | 3%                        |
| Gao,      ZhenYong                                                                    | Common      Stock       |  5,000,000                                    |  21%                 |
| Total      number of shares owned by directors and executive officers as a      group | Common      Stock       | 5,600,000                                          | 24%                       |

ITEM 12. CERTAIN RELATIONSHIPS AND RELATEDTRANSACTIONS

ITEM 13. EXHIBITS

| Exhibit      No. | Document      Description                                                                                                                                                                |
|------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 3.1              | Articles      of Incorporation  (incorporated by reference from Exhibit 3.1 to      a registration statement on Form SB-2 filed with the Commission on      December 30, 2005) |
| 3.2              | Bylaws      (incorporated by reference from Exhibit 3.2 to a registration statement on      Form SB-2 filed with the Commission on December 30,  2005)                                   |
| 14.1             | Code of      Ethics.                                                                                                                                                                     |
| 31.1             | Certification of      Principal Executive Officer pursuant to Rule 13a-14 and Rule 15d-14(a),      promulgated under the Securities and Exchange Act of 1934, as      amended.           |
| 31.2             | Certification of      Principal Financial Officer pursuant to Rule 13a-14 and Rule 15d-14(a),      promulgated under the Securities and Exchange Act of 1934, as      amended.           |
| 32.1             | Certification pursuant      to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the      Sarbanes-Oxley Act of 2002 (Chief Executive      Officer).                         |
| 32.2             | Certification pursuant      to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the      Sarbanes-Oxley Act of 2002 (Chief Financial      Officer).                         |

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ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES

| 2008 | $ | 30,400 |   | Michael      T. Studer CPA P.C. |
|------|---|--------|--------|---------------------------------|
| 2007 | $ | 29,500 |   | Michael      T. Studer CPA P.C. |

| 2008 | $ | 0 |   | Michael      T. Studer CPA P.C. |
|------|---|---|--------|---------------------------------|
| 2007 | $ | 0 |   | Michael      T. Studer CPA P.C. |

| 2008 | $ | 0 |   | Michael      T. Studer CPA P.C. |
|------|---|---|--------|---------------------------------|
| 2007 | $ | 0 |   | Michael      T. Studer CPA P.C. |

| 2008 | $ | 0 |   | Michael      T. Studer CPA P.C. |
|------|---|---|--------|---------------------------------|
| 2007 | $ | 0 |   | Michael      T. Studer CPA P.C. |

----

SIGNATURES

|   | CHINA      YOUTV CORP. |
|--------|------------------------|
|   | (Registrant)           |
|   |                   |   |
|   | BY:                    | /s/      James      Wei |
|   |                   | James      Wei |
|   |                   | President,      Principal Executive Officer and a member of the Board of      Directors |
|   |                   |   |
|   | BY:                    | /s/      Jie      Wang |
|   |                   | Jie      Wang |
|   |                   | A      member of the Board of Directors |

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