SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                          AMENDMENT NO. 1 TO FORM 10-K

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

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

     For the fiscal year ended July 31, 2008

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

                      Commission file number: 000-1328769

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

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

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

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

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

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

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

                                                       Name of Each Exchange
     Title Of Each Class                                on Which Registered
     -------------------                                -------------------
                                      none

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

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

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the past 12 months (or for such shorter period that the registrant was required
to file such reports), and (2) has been subject to such filing requirements for
the past 90 days. Yes [ X ] No [ ]

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

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

Large accelerated filer [ ]                        Accelerated filer [ ]

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

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

State the aggregate market value of the voting and non-voting common equity held
by non-affiliates computed by reference to the price at which the common equity
was sold, or the average bid and asked price of such common equity, as of the
last business day of the registrant's most recently completed second fiscal
quarter.
            $31,000 based on the last sale price of our common stock

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

            8,500,000 shares of common stock as at November 13, 2008
<PAGE>
                                TABLE OF CONTENTS

                                                                            Page
                                                                            ----

ITEM 1:  BUSINESS..........................................................   3
ITEM 1A: RISK FACTORS......................................................   6
ITEM 2:  PROPERTIES........................................................  11
ITEM 3:  LEGAL PROCEEDINGS.................................................  11
ITEM 4:  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS...............  11
ITEM 5:  MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS..........  12
ITEM 6:  SELECTED FINANCIAL DATA...........................................  12
ITEM 7:  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.........  12
ITEM 7A: QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK........  13
ITEM 8:  FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.......................  14
ITEM 9:  CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING
          AND FINANCIAL DISCLOSURES........................................  24
ITEM 9A: CONTROLS AND PROCEDURES...........................................  24
ITEM 9B: OTHER INFORMATION.................................................  24
ITEM 10: DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE............  25
ITEM 11: EXECUTIVE COMPENSATION............................................  26
ITEM 12: SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
          AND RELATED STOCKHOLDER MATTERS..................................  26
ITEM 13: CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR
          INDEPENDENCE.....................................................  27
ITEM 14: PRINCIPAL ACCOUNTANT FEES AND SERVICES............................  27
ITEM 15: EXHIBITS AND REPORTS..............................................  28

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                                     PART I

ITEM 1: DESCRIPTION OF BUSINESS

IN GENERAL

We have commenced operations as an exploration stage company. We are engaged in
the acquisition and exploration of mineral properties with a view to exploiting
any mineral deposits we discover that demonstrate economic feasibility. Pursuant
to a Mineral Property Purchase Agreement dated March 3, 2005, we acquired a 100%
undivided right, title and interest in a total of six mineral claim cells, known
collectively as the Copper Road I - VI claim, covering 150 hectares and located
approximately two kilometers east of Deep Water Bay on Quadra Island of British
Columbia. On January 30, 2008, we renewed our original claim to Copper Road
I-VI, which is effective until January 30, 2009. There is no assurance that a
commercially viable mineral deposit exists on the property. Further exploration
will be required before a final evaluation as to the economic and legal
feasibility is determined. We do not have any current plans to acquire interests
in additional mineral properties, though we may consider such acquisitions in
the future.

Mineral property exploration is typically conducted in phases. Each subsequent
phase of exploration work is recommended by a geologist based on the results
from the most recent phase of exploration. Once we have completed and evaluated
each phase of exploration, we will make a decision as to whether or not we
proceed with each successive phase based upon the analysis of the results of
that phase. Our directors will make this decision based upon the recommendations
of the independent geologist who oversees the program and records the results.
We have completed the initial phase of exploration on the Copper Road I - VI
claim. Our professional consulting geologist, Mr. Laurence Sookochoff, has
provided his geological report for the results of Phase I exploration. Pursuant
to the Phase I results, he has recommended that we initiate Phase II of our
exploration program, which will consist of localized magnetometer and soil
surveys over the prime indicated anomalous zones. The additional work program is
estimated to cost $6,300 and further work will be dependent on the results of
the recommended additional program.

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

On May 23, 2008, we filed a Certificate of Designation for Series A Preferred
Stock with the Nevada Secretary of State. The Series A Preferred Stock may be
converted into 40 shares of our common stock at any time.

On May 28, 2008, we filed a registration statement on Form S-1 to register
1,500,000 shares of Series A Convertible Stock as well as 60,000,000 shares of
the underlying common stock that will be issuable upon the exercise of
conversion features attached to the Series A Convertible Stock. The registration
statement became effective on July 28, 2008. As of the date of this annual
report, no shares of Series A Preferred Stock have been sold or issued.

COPPER ROAD I - VI CLAIM PURCHASE AGREEMENT

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

DESCRIPTION, LOCATION AND ACCESS

The Copper Road I - VI claim property is located on Quadra Island, which is
between Vancouver Island and the British Columbia mainland, within three
kilometers off the east coast of Vancouver Island. The coordinates of the
property are 125degrees 18' 05" W Longitude and 50 degrees 11' 05" N Latitude in
the Nanaimo Mining Division. The property is accessible by ferry from the city

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of Campbell River to Quathiaski Cove on Quadra Island, then inland by road
approximately 21 kilometers. Facilities and skilled population in Campbell River
are readily available and will provide all the necessary services needed for
property exploration. According to the report provided by Mr. Sookochoff,
sufficient water for all phases of the exploration program could be available
from numerous water sources within the confines of the property.

TITLE TO THE COPPER ROAD I - VI CLAIM

The original Copper Road I - VI claim was created on March 3, 2005 and renewed
under Tenure Number 526652 on January 30, 2006. The claim has been renewed
annually and is in good standing until January 30, 2009. We own a 100% interest
in the claims, which entitles us to the sub-surface mineral rights. The company
does not have any interest in the surface rights. To maintain the ownership of
the claims, the company is obligated to either complete exploration work of one
hundred dollars per cell per year (i.e. $600.00 per year) for the first three
years commencing March 3, 2005, thence two hundred dollars per cell (i.e.
$1,200) per year thereafter, or the payment of the equivalent of cash in lieu
prior to the expiry date. There is no other cost associated with the annual
renewal of the claim. If we fail to renew the claim at the expiry of the claim's
tenure, we may lose rights to renew altogether.

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

MINERALIZATION

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

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

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

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

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

Malachite: a mineral composed of copper and carbonate

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

EXPLORATION HISTORY

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

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GEOLOGICAL ASSESSMENT REPORTS: COPPER ROAD I - VI CLAIM

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

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

INITIAL REPORT - JUNE 13, 2005

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

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

UPDATED REPORT - JULY 17, 2006

Phase I of our exploration program consisted of trenching and sampling on the
Copper Road property. The samples assayed significant values for copper. Based
on the results of the Phase I exploration program, Mr. Sookochoff has suggested
that we commence Phase II of our exploration program. The estimated cost of this
work is U.S. $6,300. Further work will be dependent upon the results of the
above recommended program.

COMPLIANCE WITH GOVERNMENT REGULATION

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

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

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

     -    Water discharge will have to meet water standards;

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

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

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

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

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

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

EMPLOYEES

We have no employees as of the date of this annual report other than our two
directors.

RESEARCH AND DEVELOPMENT EXPENDITURES

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

SUBSIDIARIES

We do not have any subsidiaries.

PATENTS AND TRADEMARKS

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

ITEM 1A: RISK FACTORS

FORWARD-LOOKING STATEMENTS

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

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

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

Our current operating funds are less than necessary to complete all intended
exploration of the Copper Road I - VI claim, currently estimated at $57,500 for
remaining proposed phases of exploration as more fully discussed in our
professional consulting geologist's June 13, 2005 report and his update report
dated July 17, 2006. We do not have sufficient funds on hand for Phase II of our
exploration program which was recommended by our professional consulting
geologist on July 17, 2006 and our estimated administrative costs for 12 months
from the date of this annual report. Therefore, we will need to obtain
additional financing in order to complete our business plan. As of July 31,
2007, we had cash in the amount of $129. We have no income from operations.

We have completed the first phase of exploration on the Copper Road I - VI
claim. Our professional consulting geologist has updated his geological report
for the results of Phase I exploration. He has recommended an additional work
program for samples taken the Copper Road I - VI property which indicated
significant copper values. The additional work program is estimated to cost
$6,300 and further work will be dependent on the results of the recommended
additional program.

Our business plan calls for significant expenses in connection with the
exploration of the Copper Road I - VI claim. We will require additional
financing in order to complete remaining phases of exploration to determine

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<PAGE>
whether the property contains economic mineralization. We will also require
additional financing if the costs of the exploration of the Copper Road I - VI
claim are greater than anticipated. Even after completing all proposed
exploration, we will not know if we have a commercially viable mineral deposit.
We will have to spend substantial funds on further drilling and engineering
studies in order to establish a deposit.

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

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

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

The most likely source of future funds presently available to us is through the
sale of equity capital. Any sale of share capital will result in dilution to
existing shareholders. The only other anticipated alternative for the financing
of further exploration would be advances from related parties and joint venture
or sale of a partial interest in the Copper Road I - VI claim to a third party
in exchange for cash or exploration expenditures, which is not presently
contemplated.

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

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

Prior to completion of our exploration stage, we anticipate that we will incur
increased operating expenses without realizing any revenues. We therefore expect

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to incur significant losses into the foreseeable future. We recognize that if we
are unable to generate significant revenues from development of the Copper Road
I - VI claim and the production of metals from the claims, we will not be able
to earn profits or continue operations.

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

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

Because we are a reporting issuer in the United States, we will be required to
file periodic reports with the Securities & Exchange Commission, including
financial statements and disclosure regarding changes in our operations. We
anticipate that we will incur approximately $10,000 per year in order to comply
with these reporting requirements. As our operations become more complex, it is
anticipated that these costs will increase. These compliance costs will be
charged to operations and will negatively impact our ability to attain
profitable operations.

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

The search for valuable metals as a business is extremely risky. The likelihood
of our mineral claims containing economic mineralization or reserves of copper
and precious metals is extremely remote. Exploration is a speculative venture
necessarily involving substantial risk. In all probability, the Copper Road I -
VI claim does not contain any economic reserves and funds that we spend on
exploration will be lost. As well, problems such as unusual or unexpected
formations and other conditions are involved in mineral exploration and often
result in unsuccessful exploration efforts. In such a case, we would be unable
to complete our business plan.

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

The report of our independent accountant to our audited financial statements for
the period ended July 31, 2008 indicates that there are a number of factors that
raise substantial doubt about our ability to continue as a going concern. Such
factors identified in the report are that we have no source of revenue and our
dependence upon obtaining adequate financing. If we are not able to continue as
a going concern, it is likely investors will lose all of their investment.

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

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

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

Until the COPPER ROAD I - VI claims are surveyed, the precise location of the
boundaries of the claims may be in doubt. If we discover mineralization that is

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close to the estimated claims boundaries, it is possible that some or all of
this mineralization may occur outside surveyed boundaries. In such a case, we
would not have the right to extract these minerals.

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

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

IF WE DO NOT INCUR AN ADDITIONAL $600.00 BETWEEN JANUARY 30, 2008 AND JANUARY
30, 2009, IN EXPLORATION EXPENDITURES ON THE COPPER ROAD I - VI CLAIM, WE WILL
NOT BE ABLE TO RETAIN THE PROPERTY AND OUR BUSINESS WILL FAIL.

To maintain the ownership of the claims, the company is obligated to either
complete exploration work of one hundred dollars per cell per year (i.e. $600.00
per year) for the first three years commencing March 3, 2005, thence two hundred
dollars per cell (i.e. $1,200) per year thereafter or the payment of the
equivalent of cash in lieu prior to the Expiry Date. There is no other cost
associated with the annual renewal of the Company's claim. If we fail to renew
the claim at the expiry of the claim's tenure, we may lose rights to renew
altogether, which would leave the Company void of its major assets.

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

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

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

BECAUSE OUR OFFICERS AND DIRECTORS HAVE OTHER BUSINESS INTERESTS, THEY MAY NOT
BE ABLE OR WILLING TO DEVOTE A SUFFICIENT AMOUNT OF TIME TO OUR BUSINESS
OPERATIONS, CAUSING OUR BUSINESS TO FAIL.

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

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Our officers and directors are not involved with other companies that are
involved in mineral property exploration. Accordingly, we do not believe the
other business interests of our officers and directors present any conflict of
interest with our business.

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

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

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

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

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

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

ITEM 1B: UNRESOLVED STAFF COMMENTS

Not applicable.

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ITEM 2: PROPERTIES

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

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

ITEM 3: LEGAL PROCEEDINGS

There are no legal proceedings pending, or to the best knowledge of management,
threatened against us. There were no legal proceedings previously pending which
were resolved during the fourth quarter of the fiscal year ended July 31, 2008.
Our address for service of process in Nevada is 564 Wedge Lane, Fernley, Nevada
89408

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

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

                                       11
<PAGE>
                                     PART II

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

MARKET INFORMATION

Our shares of common stock are quoted for trading on the OTC Bulletin Board
under the symbol WLFR. However, no trades of our shares of common stock occurred
through the facilities of the OTC Bulletin Board during the fiscal year ended
July 31, 2008.

HOLDERS

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

DIVIDENDS

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

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

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

ITEM 6: SELECTED FINANCIAL DATA

We have been in a development stage since its inception and had no income or
assets during the period from its incorporation in 1997 through the end of its
fiscal year 2008. Therefore, the information required by Item 301 of Regulation
S-K is omitted for that period as not material.

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

PLAN OF OPERATION

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

Our plan of operation for the twelve months following the date of this annual
report is to complete the recommended additional work recommended in our
professional consulting geologist's June 13, 2005 report. We plan to raise
additional funds so that we can commence the Phase II work program on the Copper
Road I - VI claim in the spring of 2009. The program should take up to a one
month to complete. Based on the results of the additional work program we will
then undertake revised recommendations of our professional consulting geologist
for Phases III & IV work programs during the fall of 2009. These programs will
take approximately two months to complete. Although we have no current estimate
of these revised phases of exploration we will need to incur a total of $600
before January 30, 2009 in order to maintain ownership of our property claims.
The exploration work will be conducted by our trustee, Mr. Larry Sostad, who
will be supervised by Mr. Laurence Sookochoff, our professional consulting
geologist. They will each provide their services at standard market rates within
the context of our exploration plan budget. Our agreements with each of Mr.
Sostad and Mr. Sookochoff for their services are verbal.

                                       12
<PAGE>
We do not have any verbal or written agreement regarding the retention of any
qualified engineer or geologist for this exploration program.

In addition to the exploration program costs, we estimate we will incur $5,000
in administrative costs for the year following the date of this annual report.

Total expenditures related to exploration, administration over the next 12
months are therefore expected to be approximately $12,500.

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

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

RESULTS OF OPERATIONS FOR THE PERIOD FROM INCEPTION THROUGH JULY 31, 2008

We have not earned any revenues from our incorporation on February 22, 2005 to
July 31, 2008. We do not anticipate earning revenues unless we enter into
commercial production on the Copper Road I - VI claim, which is doubtful. We
have not commenced the exploration stage of our business and can provide no
assurance that we will discover economic mineralization on the property, or if
such minerals are discovered, that we will enter into commercial production.

We incurred operating expenses in the amount of $83,912 for the period from our
inception on February 22, 2005 to July 31, 2007. These operating expenses were
comprised of accounting and audit fees, mineral property costs, organization
costs, regulatory fees and filings, donated management services, office rent,
and office, bank charges and other sundries, net of interest income.

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

ITEM 7A: QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not applicable.

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


            REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

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

I have audited the  accompanying  balance  sheets of Wolf  Resources,  Inc. (the
"Company")  as of July  31,  2008  and  2007,  and  the  related  statements  of
operations, changes in stockholders' equity (deficiency), and cash flows for the
years then ended and for the period  February 22, 2005  (inception)  to July 31,
2008.  These  financial  statements  are  the  responsibility  of the  Company's
management.  My  responsibility  is to express  an  opinion  on these  financial
statements based on my audit.

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

In my opinion, the financial statements referred to above present fairly, in all
material respects, the financial position of the Company as of July 31, 2008 and
2007 and the results of its  operations  and cash flows for the years then ended
and for the period February 22, 2005  (inception) to July 31, 2008 in conformity
with accounting principles generally accepted in the United States.

The  accompanying  financial  statements  referred  to above have been  prepared
assuming that the Company will continue as a going concern. As discussed in Note
2 to the financial statements,  the Company's present financial situation raises
substantial doubt about its ability to continue as a going concern. Management's
plans in regard  to this  matter  are also  described  in Note 2. The  financial
statements do not include any adjustments  that might result from the outcome of
this uncertainty.


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

Freeport, New York
October 29, 2008

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

<TABLE>
<CAPTION>
                                                                           July 31,           July 31,
                                                                             2008               2007
                                                                           --------           --------
<S>                                                                        <C>                <C>
                                     ASSETS

CURRENT ASSETS
  Cash                                                                     $    129           $    358
                                                                           --------           --------

TOTAL ASSETS                                                               $    129           $    358
                                                                           ========           ========

                LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIENCY)

CURRENT LIABILITIES
  Accounts payable and accrued liabilities                                 $     --           $  2,247
  Due to related party (non-interest bearing, due on demand)                 23,341              5,000
                                                                           --------           --------
TOTAL CURRENT LIABILITIES                                                    23,341              7,247
                                                                           --------           --------
STOCKHOLDERS' EQUITY (DEFICIENCY)
  Preferred stock, $0.001 par value;
   Authorized 20,000,000 shares, issued and outstanding:
    0 and 0 shares, respectively                                                 --                 --
  Common stock, $0.001 par value;
   Authorized: 100,000,000 shares, issued and outstanding:
    8,500,000 and 8,500,000 shares, respectively                              8,500              8,500
  Additional paid-in capital                                                 52,200             43,800
  Deficit accumulated during the exploration stage                          (83,912)           (59,189)
                                                                           --------           --------
TOTAL STOCKHOLDERS' EQUITY (DEFICIENCY)                                     (23,212)            (6,889)
                                                                           --------           --------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIENCY)                    $    129           $    358
                                                                           ========           ========
</TABLE>


See notes to financial statements.

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

<TABLE>
<CAPTION>
                                                                                                Period from
                                                                                             February 22, 2005
                                                      Year ended           Year ended     (Date of Inception) to
                                                       July 31,             July 31,             July 31,
                                                         2008                 2007                 2008
                                                      ----------           ----------           ----------
<S>                                                   <C>                  <C>                  <C>
REVENUE                                               $       --           $       --           $       --
                                                      ----------           ----------           ----------
Total Revenue                                                 --                   --                   --
                                                      ==========           ==========           ==========
EXPENSES
  Mining property exploration costs                           --                   --                9,500
  Impairment of mining property acquisition costs             --                   --                3,500
  General and administrative                              24,723               17,714               70,912
                                                      ----------           ----------           ----------
Total Costs and Expenses                                  24,723               17,714               83,912
                                                      ----------           ----------           ----------

NET INCOME (LOSS)                                     $  (24,723)          $  (17,714)          $  (83,912)
                                                      ==========           ==========           ==========
NET LOSS PER SHARE
  Basic and diluted                                   $    (0.00)          $    (0.00)
                                                      ==========           ==========
NUMBER OF COMMON SHARES USED TO
COMPUTE LOSS PER SHARE
  Basic and Diluted                                    8,500,000            8,500,000
                                                      ==========           ==========
</TABLE>


See notes to financial statements.

                                       16
<PAGE>
Wolf Resources, Inc. (formerly Cantop Ventures, Inc.)
(An Exploration Stage Company)
Statements of Stockholders' Equity (Deficiency)
For the period February 22, 2005 (Inception) to July 31, 2008
(Expressed in US Dollars)
--------------------------------------------------------------------------------

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

See notes to financial statements.

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

<TABLE>
<CAPTION>
                                                                                                      Period from
                                                                                                    February 22, 2005
                                                                      Year Ended July 31,        (Date of Inception) to
                                                                  ---------------------------           July 31,
                                                                    2008               2007               2008
                                                                  --------           --------           --------
<S>                                                               <C>                <C>                <C>
CASH FLOWS FROM OPERATING ACTIVITIES
  Net income (loss)                                               $(24,723)          $(17,714)          $(83,912)
  Adjustments to reconcile net income (loss) to
   net cash provided by (used for) operating activities:
     Impairment of mining property acquisition costs                    --                 --              3,500
     Donated services                                                8,400              8,400             29,700
  Changes in operating assets and liabilities:
     Accounts payable and accrued liabilities                       (2,247)            (2,753)                --
                                                                  --------           --------           --------
NET CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES               (18,570)           (12,067)           (50,712)
                                                                  --------           --------           --------
CASH FLOWS FROM INVESTING ACTIVITIES
  Acquisition of mining property                                        --                 --             (3,500)
                                                                  --------           --------           --------
NET CASH PROVIDED BY (USED FOR) INVESTING ACTIVITIES                    --                 --             (3,500)
                                                                  --------           --------           --------
CASH FLOWS FROM FINANCING ACTIVITIES
  Sales of common stock                                                 --                 --             31,000
  Due to related party                                              18,341              4,300             23,341
                                                                  --------           --------           --------
NET CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES                18,341              4,300             54,341
                                                                  --------           --------           --------

INCREASE (DECREASE) IN CASH                                           (229)            (7,767)               129

CASH, BEGINNING OF PERIOD                                              358              8,125                 --
                                                                  --------           --------           --------

CASH, END OF PERIOD                                               $    129           $    358           $    129
                                                                  ========           ========           ========

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


See notes to financial statements.

                                       18
<PAGE>
Wolf Resources, Inc. (Formerly Cantop Ventures, Inc.)
(An Exploration Stage Company)
Notes to Financial Statements
July 31, 2008
--------------------------------------------------------------------------------

Note 1. Organization and Business Operations

     Wolf Resources,  Inc. (formerly Cantop Ventures,  Inc.) (the "Company") was
     incorporated in the State of Nevada on February 22, 2005. The Company is an
     Exploration  Stage Company as defined by Statement of Financial  Accounting
     Standard  ("SFAS") No. 7 "Accounting  and Reporting for  Development  Stage
     Enterprises".  The  Company's  principal  business is the  acquisition  and
     exploration of mineral resources.

     These  financial  statements  have been prepared on a going concern  basis,
     which implies the Company will continue to realize its assets and discharge
     its  liabilities  in the normal  course of  business.  The  Company has not
     generated any revenue since  inception and has never paid any dividends and
     is  unlikely to pay  dividends  or generate  earnings in the  immediate  or
     foreseeable  future.  The continuation of the Company as a going concern is
     dependent upon the continued  financial support from its shareholders,  the
     ability of the Company to obtain  necessary  equity  financing  to continue
     operations,  and the  attainment of profitable  operations.  As at July 31,
     2008,  the  Company  had cash of $129  and has had  accumulated  losses  of
     $83,912 since inception.  These factors raise  substantial  doubt regarding
     the  Company's  ability to continue  as a going  concern.  These  financial
     statements  do  not  include  any  adjustments  to the  recoverability  and
     classification of recorded asset amounts and  classification of liabilities
     that might be necessary should the Company be unable to continue as a going
     concern.

Note 2. Summary of Significant Accounting Policies

     a) Basis of Presentation

     The Company has been presented as an  "Exploration  Stage  Company".  These
     financial  statements  and related notes are  presented in accordance  with
     accounting  principles  generally  accepted in the United  States,  and are
     expressed in US dollars. The Company's fiscal year end is July 31.

     b) Use of Estimates

     The  preparation  of  these  financial  statements  in  conformity  with US
     generally  accepted  accounting  principles  requires  management  to  make
     estimates and  assumptions  that affect the reported  amounts of assets and
     liabilities and disclosure of contingent assets and liabilities at the date
     of the  financial  statements  and the  reported  amounts of  revenues  and
     expenses  during the  reporting  period.  Actual  results could differ from
     those estimates.  The Company regularly evaluates estimates and assumptions
     related to donated services and deferred income tax valuations. The Company
     bases its estimates and assumptions on current facts, historical experience
     and various  other  factors  that it believes  to be  reasonable  under the
     circumstances,  the  results of which  form the basis for making  judgments
     about the  carrying  values of assets and  liabilities  and the  accrual of
     costs and expenses that are not readily  apparent from other  sources.  The
     actual  results  experienced  by the  Company  may  differ  materially  and
     adversely  from the Company's  estimates.  To the extent there are material
     differences between the estimates and the actual results, future results of
     operations will be affected.

                                       19
<PAGE>
Wolf Resources, Inc. (Formerly Cantop Ventures, Inc.)
(An Exploration Stage Company)
Notes to Financial Statements
July 31, 2008
--------------------------------------------------------------------------------

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

     The Company  computes net income (loss) per share in  accordance  with SFAS
     No. 128, "Earnings per Share".  SFAS No. 128 requires  presentation of both
     basic  and  diluted  earnings  per  share  (EPS) on the face of the  income
     statement. Basic EPS is computed by dividing net income (loss) available to
     common  shareholders  (numerator) by the weighted  average number of shares
     outstanding  (denominator)  during the period.  Diluted EPS gives effect to
     all dilutive  potential  common shares  outstanding  during the period.  In
     computing  diluted EPS,  the average  stock price for the period is used in
     determining  the number of shares assumed to be purchased from the exercise
     of stock options or warrants.  Diluted EPS excludes all dilutive  potential
     shares if their effect is anti dilutive.

     d) Comprehensive Loss

     SFAS No. 130, "REPORTING  COMPREHENSIVE  INCOME," establishes standards for
     the reporting and display of  comprehensive  loss and its components in the
     financial  statements.  For the period June 2, 2008 (inception) to July 31,
     2008,  the Company has had no other items (than net loss) that  represent a
     comprehensive  loss  and,  therefore,   has  not  included  a  schedule  of
     comprehensive loss in the financial statements.

     e) Cash and Cash Equivalents

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

     f) Mineral Property Costs

     The Company has been in the  exploration  stage since its inception and has
     not yet realized any revenues from its planned operations.  It is primarily
     engaged in the acquisition and  exploration of mining  properties.  Mineral
     property  exploration  costs are  expensed as  incurred.  Mineral  property
     acquisition  costs  are  initially  capitalized  when  incurred  using  the
     guidance in EITF 04-02,  "WHETHER MINERAL RIGHTS ARE TANGIBLE OR INTANGIBLE
     ASSETS".  The Company assesses the carrying costs for impairment under SFAS
     No. 144,  "ACCOUNTING  FOR  IMPAIRMENT OR DISPOSAL OF LONG LIVED ASSETS" at
     each  fiscal  quarter  end.  When it has  been  determined  that a  mineral
     property can be economically  developed as a result of establishing  proven
     and probable  reserves,  the costs then incurred to develop such  property,
     are capitalized. Such costs will be amortized using the units-of-production
     method  over  the  estimated  life  of the  probable  reserve.  If  mineral
     properties are subsequently  abandoned or impaired,  any capitalized  costs
     will be charged to operations.

     g) Long-lived Assets

     In accordance with SFAS No. 144, "ACCOUNTING FOR THE IMPAIRMENT OR DISPOSAL
     OF LONG-LIVED ASSETS",  the Company tests long-lived assets or asset groups
     for  recoverability  when events or changes in circumstances  indicate that
     their carrying  amount may not be  recoverable.  Circumstances  which could
     trigger a review include, but are not limited to: significant  decreases in
     the market price of the asset;  significant adverse changes in the business
     climate or legal factors; accumulation of costs significantly in excess of

                                       20
<PAGE>
Wolf Resources, Inc. (Formerly Cantop Ventures, Inc.)
(An Exploration Stage Company)
Notes to Financial Statements
July 31, 2008
--------------------------------------------------------------------------------

     the amount  originally  expected for the acquisition or construction of the
     asset; current period cash flow or operating losses combined with a history
     of losses or a forecast of continuing losses associated with the use of the
     asset; and current  expectation that the asset will more likely than not be
     sold or disposed significantly before the end of its estimated useful life.

     Recoverability  is assessed  based on the carrying  amount of the asset and
     its  fair  value  which  is  generally  determined  based on the sum of the
     undiscounted  cash flows  expected to result from the use and the  eventual
     disposal of the asset, as well as specific  appraisal in certain instances.
     An  impairment   loss  is  recognized  when  the  carrying  amount  is  not
     recoverable and exceeds fair value.

     h) Asset Retirement Obligations

     The Company  follows the provisions of SFAS No. 143,  "ACCOUNTING FOR ASSET
     RETIREMENT  OBLIGATIONS,"  which  establishes  standards  for  the  initial
     measurement and subsequent  accounting for obligations  associated with the
     sale,  abandonment or other disposal of long-lived  tangible assets arising
     from the acquisition, construction or development and for normal operations
     of such assets.

     i) Financial Instruments

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

     j) Income Taxes

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

     k) Foreign Currency Translation

     The  Company's  functional  and  reporting  currency  is the United  States
     dollar.  Monetary assets and liabilities  denominated in foreign currencies
     are   translated  in  accordance   with  SFAS  No.  52  "FOREIGN   CURRENCY
     TRANSLATION", using the exchange rate prevailing at the balance sheet date.
     Gains and losses  arising on  settlement  of foreign  currency  denominated
     transactions  or  balances  are  included in the  determination  of income.
     Foreign currency transactions are primarily undertaken in Canadian dollars.
     The Company has not, to the date of these  financials  statements,  entered
     into  derivative  instruments  to offset  the  impact of  foreign  currency
     fluctuations.

                                       21
<PAGE>
Wolf Resources, Inc. (Formerly Cantop Ventures, Inc.)
(An Exploration Stage Company)
Notes to Financial Statements
July 31, 2008
--------------------------------------------------------------------------------

     l) Recent Accounting Pronouncements

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

Note 3.  Mineral Property

     Pursuant to a mineral property purchase  agreement dated March 3, 2005, the
     Company acquired a 100% undivided  right,  title and interest in the Copper
     Road I -VI mineral claim,  located  approximately 2 kilometres East of Deep
     Water Bay, Quadra Island of British Columbia, Canada for $3,500. The Tenure
     Number ID is 526652, which expires January 30, 2009. The property is in the
     name of Larry Ralph W. Sostad held by him in trust for the Company.

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

Note 4. Related Party Transactions

     The president of the Company provides  management services and office space
     to the Company at no cost. For the period February 22, 2005  (inception) to
     July 31, 2008,  these  services  were valued at and expensed for a total of
     $29,700  ($4,500 in the period  February 22, 2005 to July 31, 2005,  $8,400
     per year in the years ended July 31,  2006,  2007 and 2008),  with the same
     amounts added to additional paid-in capital.

Note 5. Series A Preferred Stock

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

     On May 28, 2008,  the Company  filed a  Registration  Statement on Form S-1
     with the United States  Securities and Exchange  Commission  (the "SEC") to
     sell up to 1,500,000 shares of Series A Preferred Stock at a price of $0.10
     per share or $150,000  total in a "best  efforts"  self-underwriting  for a
     period of 180 days from the effective date of the  Registration  Statement.
     On July 28, 2008, the Registration  Statement was declared effective by the
     SEC.

                                       22
<PAGE>
Wolf Resources, Inc. (Formerly Cantop Ventures, Inc.)
(An Exploration Stage Company)
Notes to Financial Statements
July 31, 2008
--------------------------------------------------------------------------------

Note 6. Common Stock

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

     At July 31, 2008, there are no outstanding stock options or warrants.

Note 7. Income Taxes

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

                                                                 Period from
                                                               February 22, 2005
                                                                   (Date of
                                   Year Ended    Year Ended      Inception) to
                                    July 31,      July 31,         July 31,
                                      2008          2007             2008
                                    --------      --------         --------
Expected tax at 35%                 $ (8,653)     $ (6,200)        $(29,369)
Donated services                       2,940         2,940           10,395
Increase in valuation allowance        5,713         3,260           18,974
                                    --------      --------         --------
Income tax provision                $     --      $     --         $     --
                                    ========      ========         ========

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

                                                   July 31,         July 31,
                                                    2008             2007
                                                  --------         --------
Net operating loss carryforword                   $ 18,974         $ 13,261
Valuation allowance                                (18,974)         (13,261)
                                                  --------         --------
Net deferred tax assets                           $     --         $     --
                                                  ========         ========

                                       23
<PAGE>
Wolf Resources, Inc. (Formerly Cantop Ventures, Inc.)
(An Exploration Stage Company)
Notes to Financial Statements
July 31, 2008
--------------------------------------------------------------------------------

     Based  on  management's  present  assessment,   the  Company  has  not  yet
     determined  it to be more  likely  than not that a  deferred  tax  asset of
     $18,974 at July 31, 2008 attributable to the future  utilization of the net
     operating loss carryforward of $54,212 will be realized.  Accordingly,  the
     Company has provided a 100% allowance against the deferred tax asset in the
     financial  statements.  The Company will continue to review this  valuation
     allowance and make  adjustments as  appropriate.  The $54,212 net operating
     loss  carryforward  expires $ 9,808 in year  2025,  $18,767  in year  2026,
     $9,314 in year 2027 and $16,323 in year 2028.

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

Note 8. Subsequent Event

     On September 12, 2008,  Christopher Paterson resigned as a Company director
     and sole officer and the board of directors appointed James Fitzsimons as a
     Company director and sole officer effective September 12, 2008.
<PAGE>
ITEM 9: CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
        FINANCIAL DISCLOSURE

None.

ITEM 9A: CONTROLS AND PROCEDURES

EVALUATION OF DISCLOSURE CONTROLS

We evaluated the effectiveness of our disclosure controls and procedures as of
the end of the 2008 fiscal year. This evaluation was conducted with the
participation of our chief executive officer and our principal accounting
officer.

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

LIMITATIONS ON THE EFFECTIVE OF CONTROLS

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

ASSESSMENT OF EFFECTIVENESS OF CONTROLS

As of our fiscal year ended July 31, 2008, our management has concluded that our
internal control over financial reporting is effective. Our management is not
aware of any material weakness in our internal control over financial reporting.

LIMITATIONS OF REPORT

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

ITEM 9B:  OTHER INFORMATION

None.

                                       24
<PAGE>
                                    PART III

ITEM 10:  DIRECTORS, EXECUTIVE OFFICERS, AND CORPORATE GOVERNANCE

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

     DIRECTORS:

     Name of Director            Age
     ----------------            ---
     Graeme McNeill              27

     EXECUTIVE OFFICERS:

     Name of Officer             Age                 Office
     ---------------             ---                 ------
     Graeme McNeill              27        President, CEO, Secretary,
                                           Treasurer and Director

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

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

TERM OF OFFICE

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

SIGNIFICANT EMPLOYEES

We have no significant employees other than the officers and directors described
above.

SECTION 16(A) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE

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

                                       25
<PAGE>
that during the fiscal year ended June 30, 2008 all such filing requirements
applicable to our officers and directors were complied as follows:

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

Graeme McNeill                          0            0                 0
(President CEO and director)

Christopher Paterson                    0            0                 0
(Former President CEO and director)

ITEM 11: EXECUTIVE COMPENSATION

The table below summarizes all compensation awarded to, earned by, or paid to
our executive officers by any person for all services rendered in all capacities
to us for the fiscal year ended July 31, 2008.

                               ANNUAL COMPENSATION

<TABLE>
<CAPTION>
                                                               Restricted
                                                      Other      Stock     Options/      LTIP       Other
Name          Title       Year     Salary    Bonus    Comp.     Awarded     SARs(#)    payouts($)   Comp
----          -----       ----     ------    -----    -----     -------     -------    ----------   ----
<S>          <C>        <C>      <C>         <C>      <C>        <C>         <C>         <C>       <C>
Chris         Former      2008       $0        0        0          0           0           0         0
Paterson      Pres        2007       $0        0        0          0           0           0         0
              CEO & Dir   2006       $0        0        0          0           0           0         0
</TABLE>

STOCK OPTION GRANTS

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

CONSULTING AGREEMENTS

We did not and do not have any employment or consulting agreement with Mr.
McNeill. We do not pay them any amount for acting as directors.

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

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

                                       26
<PAGE>


Title and             Name and Address of              Number of     Percentage
 Class                 Beneficial Owner                 Shares       of Class
 -----                 ----------------                 ------       --------

Common          Graeme McNeill                        2,000,000         23.5%
                647 - 1st Ave. N.E., Suite 213
                Calgary, Alberta

Common          Christopher Paterson                  2,000,000         23.5%
Stock           1823 W 7th Avenue, Suite 210
                Vancouver, British Columbia

Common          All Officers and Directors            4,000,000         23.5%
Stock           as a Group that consists of             shares
                one person

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

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

ITEM 13: CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR
         INDEPENDENCE

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

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

ITEM 14: PRINCIPAL ACCOUNTANT FEES AND SERVICES

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

                              Fiscal year ended          Fiscal year ended
                                July 31, 2007              July 31, 2008
                                --------------             -------------

     Audit fees                    $10,500                    $11,900
     Audit-related fees                Nil                        Nil
     Tax Fees                          Nil                        Nil
     All other fees                    Nil                        Nil

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

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

                                       27
<PAGE>
                                     PART IV

ITEM 15: EXHIBITS FINANCIAL STATEMENT SCHEDULES

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

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

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

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

                                   SIGNATURES

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

Dated: June 29, 2009

WOLF RESOURCES, INC.


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

                                       28