----

----

| Nevada                                                         |  98-0373867                  |
|----------------------------------------------------------------|-----------------------------------|
| (State or other jurisdiction of incorporation or organization) | (IRS Employer Identification No.) |

|   | Large accelerated filer | o                                                                      | Accelerated filer                      | o |
|--------|-------------------------|------------------------------------------------------------------------|----------------------------------------|---|
|   | Non- accelerated filer  | o    (Do not check if a smaller reporting company) | Smaller reporting company    | x |

----

Table of Contents

OF 

| Part  I – FINANCIAL INFORMATION | 2                                                                                          |
|-------------------------------------------------|--------------------------------------------------------------------------------------------|
|                                            |                                                                                       |   |
| Item 1.                                         | Financial Statements:                                                                      | 2 |
|                                            |                                                                                       |   |
|                                            | Balance Sheets                                                                             | 3 |
|                                            |                                                                                       |   |
|                                            | Statements of Operations                                                                   | 4 |
|                                            |                                                                                       |   |
|                                            | Statements of Cash Flows                                                                   | 5 |
|                                            |                                                                                       |   |
|                                            | Notes to Financial Statements                                                              | 7 |
|                                            |                                                                                       |   |
| Item 2.                                         | Management’s Discussion and Analysis of Financial Condition and Results of Operation | 11 |
|                                            |                                                                                       |   |
| Item 3.                                         | Quantitative and Qualitative Disclosures About Market Risk                                 | 18 |
|                                            |                                                                                       |   |
| Item 4.                                         | Controls and Procedures                                                                    | 18 |
|                                            |                                                                                       |   |
| Item 4T.                                        | Controls and Procedures.                                                                   | 18 |
|                                            |                                                                                       |   |
| Part II – OTHER INFORMATION               | 19                                                                                         |
|                                            |                                                                                       |   |
| Item 1.                                         | Legal Proceedings                                                                          | 19 |
|                                            |                                                                                       |   |
| Item 1A.                                        | Risk Factors.                                                                              | 19 |
|                                            |                                                                                       |   |
| Item 2.                                         | Unregistered Sales of Equity Securities and Use of Proceeds                                | 19 |
|                                            |                                                                                       |   |
| Item 3.                                         | Defaults Upon Senior Securities                                                            | 19 |
|                                            |                                                                                       |   |
| Item 5.                                         | Other Information                                                                          | 19 |
|                                            |                                                                                       |   |
| Item 6.                                         | Exhibits                                                                                   | 19 |
|                                            |                                                                                       |   |
| SIGNATURES                                      | 20                                                                                         |

----

Table of Contents

FINANCIAL 

al

----

Table of Contents

RE

|                                                               |   | JANUARY 31, |       |   | JULY 31,  |   |
|--------------------------------------------------------------------|--------|-------------|------------|--------|-----------|--------|
|                                                               |   | 2011        |       |   | 2010      |   |
|                                                               |   | (Unaudited) |       |   | (Audited) |   |
| ASSETS                                                             |   |        |       |   |      |   |
|                                                               |   |        |       |   |      |   |
| Current                                                            |   |        |       |   |      |   |
| Cash                                                               |   | $           | 287        |   |      | $      | 58,300 |   |
| Prepaid expenses (Note 8)                                          |   |        | 1,517      |   |      |   | 8,845 |   |
|                                                               |   |        | 1,804      |   |      |   | 67,145 |   |
|                                                               |   |        |       |   |      |   |   |   |
| Investment in EHHO (Note 5)                                        |   |        | 540,259    |   |      |   | 541,858 |   |
| Oil and gas properties, unproven (Note 6)                          |   |        | 132,080    |   |      |   | 128,000 |   |
|                                                               |   |        |       |   |      |   |   |   |
|                                                               |   | $           | 674,143    |   |      | $      | 737,003 |   |
|                                                               |   |        |       |   |      |   |   |   |
| LIABILITIES                                                        |   |        |       |   |      |   |   |   |
|                                                               |   |        |       |   |      |   |   |   |
| Current                                                            |   |        |       |   |      |   |   |   |
| Accounts payable                                                   |   | $           | 64,562     |   |      | $      | 3,592 |   |
| Advances payable (Note 7)                                          |   |        | 108,346    |   |      |   | 108,346 |   |
| Due to related parties (Note 8)                                    |   |        | 36,983     |   |      |   | 35,121 |   |
| Notes payable (Note 9)                                             |   |        | 24,541     |   |      |   | 23,702 |   |
|                                                               |   |        | 234,432    |   |      |   | 170,761 |   |
|                                                               |   |        |       |   |      |   |   |   |
| Future income tax liability (Note 6)                          |   |        | 30,000     |   |      |   | 30,000 |   |
|                                                               |   |        | 264,432    |   |      |   | 200,761 |   |
|                                                               |   |        |       |   |      |   |   |   |
| STOCKHOLDERS’ EQUITY                                         |   |        |       |   |      |   |   |   |
|                                                               |   |        |       |   |      |   |   |   |
| Capital stock (Note 10)                                            |   |        |       |   |      |   |   |   |
| Authorized:                                                        |   |        |       |   |      |   |   |   |
| 200,000,000 common shares with a par value of $0.001 per share     |   |        |       |   |      |   |   |   |
| Issued and outstanding:                                            |   |        |       |   |      |   |   |   |
| 39,106,483 common shares (July 31, 2010: 39,060,650 common shares) |   |        | 39,106     |   |      |   | 39,060 |   |
| Additional paid-in capital                                         |   |        | 2,072,846  |   |      |   | 2,059,142 |   |
| Deficit accumulated during the exploration stage                   |   |        | (1,695,319 | )      |      |   | (1,555,674 | ) |
| Accumulated other comprehensive loss                               |   |        | (6,922     | )      |      |   | (6,286 | ) |
|                                                               |   |        | 409,711    |   |      |   | 536,242 |   |
|                                                               |   |        |       |   |      |   |   |   |
|                                                               |   | $           | 674,143    |   |      | $      | 737,003 |   |

----

Table of Contents

E

|                                                                           |   |               |       |   |             |   |       |  CUMULATIVE RESULTS OF OPERATIONS FROM APRIL 9, 1999 (INCEPTION) |   |
|--------------------------------------------------------------------------------|--------|--------------------|------------|--------|------------------|--------|------------|-----------------------------------------------------------------------|--------|
|                                                                           |   | THREE MONTHS ENDED |       |   | SIX MONTHS ENDED |   |       | TO                                                                    |   |
|                                                                           |   | JANUARY 31,        |       |   | JANUARY 31,      |   |       | JANUARY 31,                                                           |   |   | JANUARY 31, |   |   | JANUARY 31, |   |
|                                                                           |   | 2011               |       |   | 2010             |   |       | 2011                                                                  |   |   | 2010 |   |   | 2011 |   |
|                                                                           |   |               |       |   |             |   |       |                                                                  |   |   |   |   |   |   |   |
| Expenses                                                                       |   |               |       |   |             |   |       |                                                                  |   |   |   |   |   |   |   |
|                                                                           |   |               |       |   |             |   |       |                                                                  |   |   |   |   |   |   |   |
| General and administrative                                                     |   | $                  | 28,582     |   |             | $      | 780        |                                                                  |   | $ | 55,341 |   |   | $ | 3,290 |   |   | $ | 216,995 |   |
| Interest and finance fees (Notes 8 and 9)                                      |   |               | 611        |   |             |   | 107        |                                                                  |   |   | 1,253 |   |   |   | 214 |   |   |   | 18,891 |   |
| Investor relations                                                             |   |               | -          |   |             |   | -          |                                                                  |   |   | - |   |   |   | - |   |   |   | 17,989 |   |
| Management fees (Note 8)                                                       |   |               | 13,923     |   |             |   | -          |                                                                  |   |   | 35,156 |   |   |   | - |   |   |   | 806,426 |   |
| Professional fees                                                              |   |               | 20,920     |   |             |   | 4,730      |                                                                  |   |   | 61,296 |   |   |   | 21,360 |   |   |   | 257,788 |   |
| Property examination and expenditure costs                                     |   |               | -          |   |             |   | -          |                                                                  |   |   | - |   |   |   | 1,105 |   |   |   | 165,489 |   |
|                                                                           |   |               |       |   |             |   |       |                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| Loss before other items                                                        |   |               | (64,036    | )      |             |   | (5,617     | )                                                                     |   |   | (153,046 | ) |   |   | (25,969 | ) |   |   | 1,483,578 |   |
|                                                                           |   |               |       |   |             |   |       |                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| Other Items                                                                    |   |               |       |   |             |   |       |                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| Management fees (Note 8)                                                       |   |               | -          |   |             |   | -          |                                                                  |   |   | 15,000 |   |   |   | - |   |   |   | 15,000 |   |
| Dilution loss from EHHO (Note 5)                                               |   |               | -          |   |             |   | -          |                                                                  |   |   | - |   |   |   | - |   |   |   | (196,000 | ) |
| Loss from equity interest in EHHO (Note 5)                                     |   |               | (987       | )      |             |   | -          |                                                                  |   |   | (1,599 | ) |   |   | - |   |   |   | (30,741 | ) |
|                                                                           |   |               |       |   |             |   |       |                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Loss                                                                       |   | $                  | (65,023    | )      |             | $      | (5,617     | )                                                                     |   | $ | (139,645 | ) |   | $ | (25,969 | ) |   | $ | (1,695,319 | ) |
|                                                                           |   |               |       |   |             |   |       |                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic and Diluted Net Loss Per Common Share                                    |   | $                  | -          |   |             | $      | -          |                                                                  |   | $ | - |   |   | $ | - |   |   |   |   |   |
|                                                                           |   |               |       |   |             |   |       |                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted Average Number of Common Shares Outstanding – Basic and Diluted |   |               | 39,097,017 |   |             |   | 31,060,650 |                                                                  |   |   |     39,078,834 |   |   |   |     31,060,650 |   |   |   |   |   |

----

Table of Contents

R 

|                                                                        |   |             |     |   | CUMULATIVE RESULTS OF OPERATIONS FROM APRIL 9, 1999 (INCEPTION) |   |
|-----------------------------------------------------------------------------|--------|------------------|----------|--------|-----------------------------------------------------------------|--------|
|                                                                        |   | SIX MONTHS ENDED |     |   | TO                                                              |   |
|                                                                        |   | JANUARY 31,      |     |   | JANUARY 31,                                                     |   |
|                                                                        |   | 2011             |     |   | 2010                                                            |   |   | 2011 |   |
|                                                                        |   |             |     |   |                                                            |   |   |   |   |
| Cash Flows from (used in) Operating Activities                              |   |             |     |   |                                                            |   |   |   |   |
| Net loss                                                                    |   | $                | (139,645 | )      |                                                            | $      | (25,969 | ) |   | $ | (1,695,319 | ) |
|                                                                        |   |             |     |   |                                                            |   |   |   |   |   |   |   |
| Adjustments to reconcile net loss to net cash used in operating activities: |   |             |     |   |                                                            |   |   |   |   |   |   |   |
| Realized foreign exchange losses on settlement of notes payable             |   |             | -        |   |                                                            |   | - |   |   |   | 12,518 |   |
| Unrealized foreign exchange                                                 |   |             | 786      |   |                                                            |   |   |   |   |   | 786 |   |
| Stock-based compensation                                                    |   |             | -        |   |                                                            |   | - |   |   |   | 750,000 |   |
| Accrued interest                                                            |   |             | 1,252    |   |                                                            |   | 214 |   |   |   | 19,423 |   |
| Dilution loss                                                               |   |             | -        |   |                                                            |   | - |   |   |   | 196,000 |   |
| Share of loss of equity investment                                          |   |             | 1,599    |   |                                                            |   | - |   |   |   | 30,741 |   |
| Changes in operating assets and liabilities:                                |   |             |     |   |                                                            |   |   |   |   |   |   |   |
| Prepaid expenses                                                            |   |             | 7,328    |   |                                                            |   | - |   |   |   | (1,517 | ) |
| Accounts payable                                                            |   |             | 60,997   |   |                                                            |   | 513 |   |   |   | 64,589 |   |
| Net cash used in operating activities                                       |   |             | (67,683  | )      |                                                            |   | (25,242 | ) |   |   | (622,779 | ) |
|                                                                        |   |             |     |   |                                                            |   |   |   |   |   |   |   |
| Cash Flows from Financing Activities                                        |   |             |     |   |                                                            |   |   |   |   |   |   |   |
| Proceeds from issuance of common stock                                      |   |             | 13,750   |   |                                                            |   | - |   |   |   | 1,019,379 |   |
| Proceeds from (repayment of) notes payable                                  |   |             | -        |   |                                                            |   | - |   |   |   | 89,300 |   |
| Advances payable                                                            |   |             | -        |   |                                                            |   | 30,845 |   |   |   | 108,346 |   |
| Advances from related parties                                               |   |             | -        |   |                                                            |   | (5,671 | ) |   |   | 35,121 |   |
| Net cash provided by financing activities                                   |   |             | 13,750   |   |                                                            |   | 25,174 |   |   |   | 1,252,146 |   |
|                                                                        |   |             |     |   |                                                            |   |   |   |   |   |   |   |
| Cash Flows from (used in) Investing Activities                              |   |             |     |   |                                                            |   |   |   |   |   |   |   |
| Oil and gas properties                                                      |   |             | (4,080   | )      |                                                            |   | - |   |   |   | (254,080 | ) |
| Investment in EHHO                                                          |   |             | -        |   |                                                            |   | - |   |   |   | (375,000 | ) |
| Net cash used in investing activities                                       |   |             | (4,080   | )      |                                                            |   | - |   |   |   | (629,080 | ) |
|                                                                        |   |             |     |   |                                                            |   |   |   |   |   |   |   |
| Net Increase (Decrease) in Cash                                             |   |             | (58,013  | )      |                                                            |   | (68 | ) |   |   | 287 |   |
|                                                                        |   |             |     |   |                                                            |   |   |   |   |   |   |   |
| Cash, Beginning                                                             |   |             | 58,300   |   |                                                            |   | 1,193 |   |   |   | - |   |
|                                                                        |   |             |     |   |                                                            |   |   |   |   |   |   |   |
| Cash, Ending                                                                |   | $                | 287      |   |                                                            | $      | 1,125 |   |   | $ | 287 |   |

----

Table of Contents

|                                                                                              |   |             |   |   | CUMULATIVE RESULTS OF OPERATIONS FROM APRIL 9, 1999 (INCEPTION) |   |
|---------------------------------------------------------------------------------------------------|--------|------------------|--------|--------|-----------------------------------------------------------------|--------|
|                                                                                              |   | SIX MONTHS ENDED |   |   | TO                                                              |   |
|                                                                                              |   | JANUARY 31,      |   |   | JANUARY 31,                                                     |   |
|                                                                                              |   | 2011             |   |   | 2011                                                            |   |   | 2011 |   |
|                                                                                              |   |             |   |   |                                                            |   |   |   |   |
| Supplemental Disclosures of Cash Flow Information and Non-Cash Investing and Financing Activities |   |             |   |   |                                                            |   |   |   |   |
|                                                                                              |   |             |   |   |                                                            |   |   |   |   |
| Cash paid for:                                                                                    |   |             |   |   |                                                            |   |   |   |   |
| Interest                                                                                          |   | $                | -      |   |                                                            | $      | - |   |   | $ | 110 |   |
| Income taxes                                                                                      |   | $                | -      |   |                                                            | $      | - |   |   | $ | - |   |
|                                                                                              |   |             |   |   |                                                            |   |   |   |   |   |   |   |
| Common shares issued on settlement of notes payable and accrued interest                          |   | $                | -      |   |                                                            | $      | - |   |   | $ | 102,573 |   |
|                                                                                              |   |             |   |   |                                                            |   |   |   |   |   |   |   |
| Common shares issued on acquisition of EHHO and FBHO                                              |   | $                | -      |   |                                                            | $      | - |   |   | $ | 240,000 |   |
|                                                                                              |   |             |   |   |                                                            |   |   |   |   |   |   |   |
| Future income tax liability on property acquisition                                               |   | $                | -      |   |                                                            | $      | - |   |   | $ | 30,000 |   |

----

Table of Contents

AR

| 1. | NATURE OF CONTINUED OPERATIONS AND BASIS OF PRESENTATION |
|----|----------------------------------------------------------|

| 2. | SIGNIFICANT ACCOUNTING POLICY |
|----|-------------------------------|

|   | Basis of Consolidation |
|--------|------------------------|

----

Table of Contents

| 3. | RECENT ACCOUNTING PRONOUNCEMENTS |
|----|----------------------------------|

| 4. | AQUISITION |
|----|------------|

| 5. | INVESTMENT IN EHHO |
|----|--------------------|

|                                                      |   | JANUARY 31, |     |   | JULY 31, |   |
|-----------------------------------------------------------|--------|-------------|----------|--------|----------|--------|
| Investment in EHHO                                        |   | 2011        |     |   | 2010     |   |
|                                                      |   |        |     |   |     |   |
| 90,000 units of ownership capital                         |   | $           | 392,000  |   |     | $      | 392,000 |   |
| Capital contribution                                      |   |        | 375,000  |   |     |   | 375,000 |   |
| Non-cash loss on dilution of the Company’s interest |   |        | (196,000 | )      |     |   | (196,000 | ) |
|                                                      |   |        | 571,000  |   |     |   | 571,000 |   |
| Share of loss of significantly influenced investee        |   |        | (30,741  | )      |     |   | (29,142 | ) |
|                                                      |   |        |     |   |     |   |   |   |
| Investment in EHHO                                        |   | $           | 540,259  |   |     | $      | 541,858 |   |

----

Table of Contents

| 6. | OIL AND GAS PROPERTIES |
|----|------------------------|

|                |   | JANUARY 31, |    |   | JULY 31, |   |
|---------------------|--------|-------------|---------|--------|----------|--------|
|                |   | 2011        |    |   | 2010     |   |
|                |   |        |    |   |     |   |
| Unproved properties |   |        |    |   |     |   |
| Acquisition costs   |   | $           | 128,000 |   |     | $      | 128,000 |   |
| Annual lease costs  |   |        | 4,080   |   |     | $      | - |   |
|                |   |        |    |   |     |   |   |   |
|                |   | $           | 132,080 |   |     | $      | 128,000 |   |

| 7. | ADVANCES PAYABLE |
|----|------------------|

| 8. | RELATED PARTY TRANSACTIONS |
|----|----------------------------|

|                                                                                                                                  |   | JANUARY 31, |   |   | JULY 31, |   |
|---------------------------------------------------------------------------------------------------------------------------------------|--------|-------------|--------|--------|----------|--------|
|                                                                                                                                  |   | 2011        |   |   | 2010     |   |
| Balances:                                                                                                                             |   |        |   |   |     |   |
| i)      Prepaid expenses                                                                                     |   |        |   |   |     |   |
| Amount advanced to a director for travel expenses                                                                                     |   | $           | -      |   |     | $      | 4,000 |   |
|                                                                                                                                  |   |        |   |   |     |   |   |   |
| ii)     Due to directors                                                                                          |   |        |   |   |     |   |   |   |
| Amounts payable for reimbursement of corporate expenses                                                                               |   | $           | 1,206  |   |     | $      | 1,206 |   |
|                                                                                                                                  |   |        |   |   |     |   |   |   |
| Note payable (Cdn $35,000) including accrued interest to Director, unsecured, bearing interest at 6% per annum and due July 25, 2011. |   |        | 35,777 |   |     |   | 33,915 |   |
|                                                                                                                                  |   | $           | 36,983 |   |     | $      | 35,121 |   |

----

Table of Contents

| 8. | RELATED PARTY TRANSACTIONS (Continued) |
|----|----------------------------------------|

|                                                               |   | SIX MONTHS ENDED |   |
|--------------------------------------------------------------------|--------|------------------|--------|
|                                                               |   | JANUARY 31       |   |
|                                                               |   | 2011             |   |   | 2010 |   |
| Transactions:                                                      |   |             |   |   |   |   |
| i) Interest accrued to a Director pursuant to promissory note |   | $                | 1,049  |   |   | $ | - |   |
|                                                               |   |             |   |   |   |   |   |   |
| ii) Management fees charged to EHHO                           |   | $                | 15,000 |   |   |   | - |   |
|                                                               |   |             |   |   |   |   |   |   |
| iii) Fees paid to three Directors for services rendered       |   | $                | 35,156 |   |   | $ | - |   |

| 9. | NOTES PAYABLE |
|----|---------------|

| 10. | CAPITAL STOCK |
|-----|---------------|

| 11. | SUBSEQUENT EVENT |
|-----|------------------|

----

Table of Contents

cu

----

Table of Contents

----

Table of Contents

----

Table of Contents

| Morris Block     | High        | Most Likely | Low        |
|------------------|-------------|-------------|------------|
| Oil in Place     | 15,000,000  | 10,000,000  | 5,000,000  |
| Recovery Factor  | 60%         | 50%         | 40%        |
| Oil in Tanks     | 9,000,000   | 5,000,000   | 2,000,000  |
| Total Net Profit | 372,960,000 | 207,200,000 | 82,880,000 |

| 1.   | There may be leakage across the fault.  The Loma Oil #1 just two mil-es to the northeast was drilled across the fault and an accumulation of 20 feet is present.  This suggests that some leakage is present along the fault.  The oil column in the Morris Block stops at 1350 or +3270. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.   | All oil fields around the flank of the Pryor Mountains have a tilted water table.  While the bottom of the column in the Morris Block is at +3279 we will likely find the column to be much lower further down the flank of the trap. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.   | The various blocks may carry separate water lines from the sealing along their flanks.  We have an apparent waterline at +2963 in the Barber #1 located in the northwest of section one of the Jim and Mary Block, located two miles north.  Numerous waterlines are depicted in the fault blocks on the original cross section. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

Table of Contents

| 1.   |  Drill additional updip wells to further block reserves and provided additional baseline data for the reservoir engineer. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------|

| 2.   | Retain the reservoir engineer, KADE Technologies, to model the reserves and producibility of the field from the 15-13 Bauwens alone. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------|

----

Table of Contents

----

Table of Contents

|                                                                                                                                  |   | JANUARY 31, |   |   | JULY 31, |   |
|---------------------------------------------------------------------------------------------------------------------------------------|--------|-------------|--------|--------|----------|--------|
|                                                                                                                                  |   | 2011        |   |   | 2010     |   |
|                                                                                                                                  |   |        |   |   |     |   |
| ii)     Prepaid expenses                                                                                          |   |        |   |   |     |   |
|                                                                                                                                  |   |        |   |   |     |   |
| Amount advanced to a director for travel expenses                                                                                     |   | $           | -      |   |     | $      | 4,000 |   |
|                                                                                                                                  |   |        |   |   |     |   |   |   |
| iii)    Due to Directors                                                                                               |   |        |   |   |     |   |   |   |
|                                                                                                                                  |   |        |   |   |     |   |   |   |
| Amounts payable for reimbursement of corporate expenses                                                                               |   | $           | 1,206  |   |     | $      | 1,206 |   |
|                                                                                                                                  |   |        |   |   |     |   |   |   |
| iv)    Note Payable                                                                                                    |   |        |   |   |     |   |   |   |
|                                                                                                                                  |   |        |   |   |     |   |   |   |
| Note payable (Cdn $35,000) including accrued interest to Director, unsecured, bearing interest at 6% per annum and due July 25, 2011. |   |        | 35,777 |   |     |   | 33,915 |   |
|                                                                                                                                  |   | $           | 36,983 |   |     | $      | 35,121 |   |

----

Table of Contents

|                                                       |   | SIX MONTHS ENDED |   |
|------------------------------------------------------------|--------|------------------|--------|
|                                                       |   | JANUARY 31       |   |
|                                                       |   | 2011             |   |   | 2010 |   |
| Interest paid                                              |   |             |   |   |   |   |
| Interest accrued to a Director pursuant to promissory note |   | $                | 1,049  |   |   | $ | - |   |
|                                                       |   |             |   |   |   |   |   |   |
| Management Fee Income                                      |   |             |   |   |   |   |   |   |
| Charged to EHHO for services rendered                      |   | $                | 15,000 |   |   | $ | - |   |
|                                                       |   |             |   |   |   |   |   |   |
| Management Fee Expense                                     |   |             |   |   |   |   |   |   |
| Fees paid to three Directors for services rendered         |   | $                | 35,156 |   |   | $ | - |   |

Qu

Controls and 

ntr

----

Table of Contents

 – 

gal

 Risk 

giste

pon

he

6. 

|   | 31.1 | Certification of Ray Jefferd, Chief Executive Officer of Stellar Resources Ltd. pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
|--------|------|--------------------------------------------------------------------------------------------------------------------------------------------|

|   | 31.2 | Certification of Luigi Rispoli, Chief Financial Officer of Stellar Resources Ltd. pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
|--------|------|----------------------------------------------------------------------------------------------------------------------------------------------|

|   | 32.1 | Certification of Ray Jefferd, Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
|--------|------|------------------------------------------------------------------------------------------------------------------|

|   | 32.2 | Certification of Luigi Rispoli, Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
|--------|------|--------------------------------------------------------------------------------------------------------------------|

----

Table of Contents

N

|   | By:                                   | /s/ Ray Jefferd |   |
|--------|---------------------------------------|----------------------|--------|
|   | Ray Jefferd                           |                 |
|   | President and Chief Executive Officer |                 |
|   |                                  |                 |   |
|   |                                  |                 |   |
|   | By:                                   | /s/ Luigi Rispoli    |   |
|   | Luigi Rispoli                         |                 |
|   | Director and Chief Financial Officer  |                 |

----