----

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| 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 |

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Table of Contents

CO

| Part  I – FINANCIAL INFORMATION | 1                                                                                          |
|-------------------------------------------------|--------------------------------------------------------------------------------------------|
|                                            |                                                                                       |   |
| Item 1.                                         | Financial Statements:                                                                      | 1 |
|                                            |                                                                                       |   |
| Balance Sheets                                  | 2                                                                                          |
|                                            |                                                                                       |   |
| Statements of Operations                        | 3                                                                                          |
|                                            |                                                                                       |   |
| Statements of Cash Flows                        | 4                                                                                          |
|                                            |                                                                                       |   |
| Notes to Financial Statements                   | 6                                                                                          |
|                                            |                                                                                       |   |
| Item 2.                                         | Management’s Discussion and Analysis of Financial Condition and Results of Operation | 11 |
|                                            |                                                                                       |   |
| Item 3.                                         | Quantitative and Qualitative Disclosures About Market Risk                                 | 17 |
|                                            |                                                                                       |   |
| Item 4.                                         | Controls and Procedures                                                                    | 18 |
|                                            |                                                                                       |   |
| Item 4T.                                        | Controls and Procedures.                                                                   | 18 |
|                                            |                                                                                       |   |
| Part II – OTHER INFORMATION               | 18                                                                                         |
|                                            |                                                                                       |   |
| Item 1.                                         | Legal Proceedings                                                                          | 18 |
|                                            |                                                                                       |   |
| Item 1A.                                        | Risk Factors.                                                                              | 18 |
|                                            |                                                                                       |   |
| Item 2.                                         | Unregistered Sales of Equity Securities and Use of Proceeds                                | 18 |
|                                            |                                                                                       |   |
| Item 3.                                         | Defaults Upon Senior Securities                                                            | 19 |
|                                            |                                                                                       |   |
| Item 5.                                         | Other Information                                                                          | 19 |
|                                            |                                                                                       |   |
| Item 6.                                         | Exhibits                                                                                   | 19 |
|                                            |                                                                                       |   |
| SIGNATURES                                      | 20                                                                                         |

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L 

ia

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AR

|                                                               |   | APRIL 30,   |       |   | JULY 31,  |   |
|--------------------------------------------------------------------|--------|-------------|------------|--------|-----------|--------|
|                                                               |   | 2011        |       |   | 2010      |   |
|                                                               |   | (Unaudited) |       |   | (Audited) |   |
| ASSETS                                                             |   |        |       |   |      |   |
|                                                               |   |        |       |   |      |   |
| Current                                                            |   |        |       |   |      |   |
| Cash                                                               |   | $           | 607        |   |      | $      | 58,300 |   |
| Prepaid expenses (Note 8)                                          |   |        | -          |   |      |   | 8,845 |   |
|                                                               |   |        | 607        |   |      |   | 67,145 |   |
|                                                               |   |        |       |   |      |   |   |   |
| Investment in EHHO (Note 5)                                        |   |        | 540,231    |   |      |   | 541,858 |   |
| Oil and gas properties, unproven (Note 6)                          |   |        | 134,720    |   |      |   | 128,000 |   |
|                                                               |   |        |       |   |      |   |   |   |
|                                                               |   | $           | 675,558    |   |      | $      | 737,003 |   |
|                                                               |   |        |       |   |      |   |   |   |
| LIABILITIES                                                        |   |        |       |   |      |   |   |   |
|                                                               |   |        |       |   |      |   |   |   |
| Current                                                            |   |        |       |   |      |   |   |   |
| Accounts payable                                                   |   | $           | 65,010     |   |      | $      | 3,592 |   |
| Advances payable (Note 7)                                          |   |        | 108,346    |   |      |   | 108,346 |   |
| Due to related parties (Note 8)                                    |   |        | 38,754     |   |      |   | 35,121 |   |
| Notes payable (Note 9)                                             |   |        | 26,188     |   |      |   | 23,702 |   |
|                                                               |   |        | 238,298    |   |      |   | 170,761 |   |
|                                                               |   |        |       |   |      |   |   |   |
| Future income tax liability (Note 6)                          |   |        | 30,000     |   |      |   | 30,000 |   |
|                                                               |   |        | 268,298    |   |      |   | 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:                                            |   |        |       |   |      |   |   |   |
| 39,344,051 common shares (July 31, 2010: 39,060,650 common shares) |   |        | 39,344     |   |      |   | 39,060 |   |
| Additional paid-in capital                                         |   |        | 2,112,251  |   |      |   | 2,059,142 |   |
| Deficit accumulated during the exploration stage                   |   |        | (1,735,866 | )      |      |   | (1,555,674 | ) |
| Accumulated other comprehensive loss                               |   |        | (8,469     | )      |      |   | (6,286 | ) |
|                                                               |   |        | 407,260    |   |      |   | 536,242 |   |
|                                                               |   |        |       |   |      |   |   |   |
|                                                               |   | $           | 675,558    |   |      | $      | 737,003 |   |

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R 

|                                                                           |   |               |       |   |              |   |       |      |   |   |                     |   |   | CUMULATIVE RESULTS OF OPERATIONS FROM APRIL 9, 1999 (INCEPTION) |                     |
|--------------------------------------------------------------------------------|--------|--------------------|------------|--------|-------------------|--------|------------|-----------|--------|--------|--------------------------|--------|--------|-----------------------------------------------------------------|--------------------------|
|                                                                           |   | THREE MONTHS ENDED |       |   | NINE MONTHS ENDED |   |       | TO        |   |
|                                                                           |   | APRIL 30,          |       |   | APRIL 30,         |   |       | APRIL 30, |   |   | APRIL 30,                |   |   | APRIL 30,                                                       |                     |
|                                                                           |   | 2011               |       |   | 2010              |   |       | 2011      |   |   | 2010                     |   |   | 2011                                                            |                     |
| Expenses                                                                       |   |               |       |   |              |   |       |      |   |   |                     |   |   |                                                            |                     |
|                                                                           |   |               |       |   |              |   |       |      |   |   |                     |   |   |                                                            |                     |
| General and administrative                                                     |   | $                  | 15,045     |   |              | $      | 12,292     |      |   | $      | 70,386                   |   |   | $                                                               | 15,582                   |   |   | $ | 232,040 |   |
| Interest and finance fees (Notes 8 and 9)                                      |   |               | 1,310      |   |              |   | 104        |      |   |   | 2,563                    |   |   |                                                            | 318                      |   |   |   | 20,201 |   |
| Investor relations                                                             |   |               | -          |   |              |   | -          |      |   |   | -                        |   |   |                                                            | -                        |   |   |   | 17,989 |   |
| Management fees (Note 8)                                                       |   |               | 5,645      |   |              |   | -          |      |   |   | 40,801                   |   |   |                                                            | -                        |   |   |   | 812,071 |   |
| Professional fees                                                              |   |               | 18,519     |   |              |   | 27,380     |      |   |   | 79,815                   |   |   |                                                            | 48,740                   |   |   |   | 276,307 |   |
| Property examination and expenditure costs                                     |   |               | -          |   |              |   | -          |      |   |   | -                        |   |   |                                                            | 1,105                    |   |   |   | 165,489 |   |
|                                                                           |   |               |       |   |              |   |       |      |   |   |                     |   |   |                                                            |                     |   |   |   |   |   |
| Loss before other items                                                        |   |               | (40,519    | )      |              |   | (39,776    | )         |   |   | (193,565                 | )      |   |                                                            | (65,745                  | ) |   |   | (1,524,097 | ) |
|                                                                           |   |               |       |   |              |   |       |      |   |   |                     |   |   |                                                            |                     |   |   |   |   |   |
| 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)                                     |   |               | (28        | )      |              |   | -          |      |   |   | (1,627                   | )      |   |                                                            | -                        |   |   |   | (30,769 | ) |
|                                                                           |   |               |       |   |              |   |       |      |   |   |                     |   |   |                                                            |                     |   |   |   |   |   |
| Net Loss                                                                       |   | $                  | (40,547    | )      |              | $      | (39,776    | )         |   | $      | (180,192                 | )      |   | $                                                               | (65,745                  | ) |   | $ | (1,735,866 | ) |
|                                                                           |   |               |       |   |              |   |       |      |   |   |                     |   |   |                                                            |                     |   |   |   |   |   |
| Basic and Diluted Net Loss Per Common Share                                    |   | $                  | -          |   |              | $      | -          |      |   | $      | -                        |   |   | $                                                               | -                        |   |   |   |   |   |
|                                                                           |   |               |       |   |              |   |       |      |   |   |                     |   |   |                                                            |                     |   |   |   |   |   |
| Weighted Average Number of Common Shares Outstanding – Basic and Diluted |   |               | 39,293,240 |   |              |   | 31,060,650 |      |   |   |     39,148,732 |   |   |                                                            |     31,060,650 |   |   |   |   |   |

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RE

|                                                                        |   |              |     |   | CUMULATIVE RESULTS OF OPERATIONS FROM APRIL 9, 1999 (INCEPTION) |   |
|-----------------------------------------------------------------------------|--------|-------------------|----------|--------|-----------------------------------------------------------------|--------|
|                                                                        |   | NINE MONTHS ENDED |     |   | TO                                                              |   |
|                                                                        |   | APRIL 30,         |     |   | APRIL 30,                                                       |   |
|                                                                        |   | 2011              |     |   | 2010                                                            |   |   | 2011 |   |
|                                                                        |   |              |     |   |                                                            |   |   |   |   |
| Cash Flows from (used in) Operating Activities                              |   |              |     |   |                                                            |   |   |   |   |
| Net loss                                                                    |   | $                 | (180,192 | )      |                                                            | $      | (65,745 | ) |   | $ | (1,735,866 | ) |
|                                                                        |   |              |     |   |                                                            |   |   |   |   |   |   |   |
| 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                                                 |   |              | 2,051    |   |                                                            |   |   |   |   |   | 2,051 |   |
| Stock-based compensation                                                    |   |              | -        |   |                                                            |   | - |   |   |   | 750,000 |   |
| Accrued interest                                                            |   |              | 1,858    |   |                                                            |   | 318 |   |   |   | 20,029 |   |
| Dilution loss                                                               |   |              | -        |   |                                                            |   | - |   |   |   | 196,000 |   |
| Share of loss of equity investment                                          |   |              | 1,627    |   |                                                            |   | - |   |   |   | 30,769 |   |
| Changes in operating assets and liabilities:                                |   |              |     |   |                                                            |   |   |   |   |   |   |   |
| Prepaid expenses                                                            |   |              | 8,845    |   |                                                            |   | - |   |   |   | - |   |
| Deposit                                                                     |   |              | -        |   |                                                            |   | (20,000 | ) |   |   | - |   |
| Accounts payable                                                            |   |              | 61,445   |   |                                                            |   | 23,306 |   |   |   | 65,037 |   |
| Net cash used in operating activities                                       |   |              | (104,366 | )      |                                                            |   | (62,121 | ) |   |   | (659,462 | ) |
|                                                                        |   |              |     |   |                                                            |   |   |   |   |   |   |   |
| Cash Flows from Financing Activities                                        |   |              |     |   |                                                            |   |   |   |   |   |   |   |
| Proceeds from issuance of common stock, net                                 |   |              | 53,393   |   |                                                            |   | - |   |   |   | 1,059,022 |   |
| Proceeds from (repayment of) notes payable                                  |   |              | -        |   |                                                            |   | - |   |   |   | 89,300 |   |
| Advances payable                                                            |   |              | -        |   |                                                            |   | (9,666 | ) |   |   | 108,346 |   |
| Advances from related parties                                               |   |              | -        |   |                                                            |   | 143,286 |   |   |   | 35,121 |   |
| Net cash provided by financing activities                                   |   |              | 53,393   |   |                                                            |   | 133,620 |   |   |   | 1,291,789 |   |
|                                                                        |   |              |     |   |                                                            |   |   |   |   |   |   |   |
| Cash Flows from (used in) Investing Activities                              |   |              |     |   |                                                            |   |   |   |   |   |   |   |
| Oil and gas properties                                                      |   |              | (6,720   | )      |                                                            |   | - |   |   |   | (256,720 | ) |
| Investment in EHHO                                                          |   |              | -        |   |                                                            |   | - |   |   |   | (375,000 | ) |
| Net cash used in investing activities                                       |   |              | (6,720   | )      |                                                            |   | - |   |   |   | (631,720 | ) |
|                                                                        |   |              |     |   |                                                            |   |   |   |   |   |   |   |
| Net Increase (Decrease) in Cash                                             |   |              | (57,693  | )      |                                                            |   | 71,499 |   |   |   | 607 |   |
|                                                                        |   |              |     |   |                                                            |   |   |   |   |   |   |   |
| Cash, Beginning                                                             |   |              | 58,300   |   |                                                            |   | 1,193 |   |   |   | - |   |
|                                                                        |   |              |     |   |                                                            |   |   |   |   |   |   |   |
| Cash, Ending                                                                |   | $                 | 607      |   |                                                            | $      | 72,692 |   |   | $ | 607 |   |

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|                                                                                              |   |              |   |   | CUMULATIVE RESULTS OF OPERATIONS FROM APRIL 9, 1999 (INCEPTION) |   |
|---------------------------------------------------------------------------------------------------|--------|-------------------|--------|--------|-----------------------------------------------------------------|--------|
|                                                                                              |   | NINE MONTHS ENDED |   |   | TO                                                              |   |
|                                                                                              |   | APRIL 30,         |   |   | APRIL 30,                                                       |   |
|                                                                                              |   | 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 |   |

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

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

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

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

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

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

|                                                      |   | APRIL 30, |     |   | 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        |   |      | (30,769  | )      |     |   | (29,142 | ) |
|                                                      |   |      |     |   |     |   |   |   |
| Investment in EHHO                                        |   | $         | 540,231  |   |     | $      | 541,858 |   |

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

|                |   | APRIL 30, |    |   | JULY 31, |   |
|---------------------|--------|-----------|---------|--------|----------|--------|
|                |   | 2011      |    |   | 2010     |   |
|                |   |      |    |   |     |   |
| Unproved properties |   |      |    |   |     |   |
| Acquisition costs   |   | $         | 128,000 |   |     | $      | 128,000 |   |
| Annual lease costs  |   |      | 6,720   |   |     |   | - |   |
|                |   |      |    |   |     |   |   |   |
|                |   | $         | 134,720 |   |     | $      | 128,000 |   |

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

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

|                                                                                                                                  |   | APRIL 30, |   |   | 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. |   |      | 37,548 |   |     |   | 33,915 |   |
|                                                                                                                                  |   | $         | 38,754 |   |     | $      | 35,121 |   |

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

|                                                                                              |   | NINE MONTHS ENDED |   |
|---------------------------------------------------------------------------------------------------|--------|-------------------|--------|
|                                                                                              |   | APRIL 30          |   |
|                                                                                              |   | 2011              |   |   | 2010 |   |
| Transactions:                                                                                     |   |              |   |   |   |   |
| i)       Interest accrued to a Director pursuant to promissory note |   | $                 | 1,556  |   |   | $ | - |   |
|                                                                                              |   |              |   |   |   |   |   |   |
| ii)      Management fees charged to EHHO                                 |   | $                 | 15,000 |   |   |   | - |   |
|                                                                                              |   |              |   |   |   |   |   |   |
| iii)     Fees paid to three Directors for services rendered              |   | $                 | 40,801 |   |   | $ | - |   |

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

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

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

|   | i) | On or before May 11, 2011, Deloro will issue 3,000,000 common shares each to the Company and to EHPC.  As consideration both the Company and EHPC will transfer 15,000 ownership units of EHHO to Deloro immediately and an aggregate of 30,000 ownership units of EHHO (15,000 from the Company and 15,000 from EHPC) will be placed into escrow until the completion of Deloro’s obligations described below.  The Deloro shares have been issued. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ii) | On or before May 13, 2011, Deloro shall make a capital contribution of Cdn$150,000 to EHHO (received). |
|--------|-----|--------------------------------------------------------------------------------------------------------|

|   | iii) | On or before September 30, 2011, Deloro will make further capital contributions aggregating Cdn$450,000 to EHHO in either cash or approved exploration expenditures. |
|--------|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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us

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| 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 miles 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. |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | 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. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------|

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|                                                                                                                                  |   | APRIL 30, |   |   | 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. |   |      | 37,548 |   |     |   | 33,915 |   |
|                                                                                                                                  |   | $         | 38,754 |   |     | $      | 35,121 |   |

|                                                                                              |   | NINE MONTHS ENDED |   |
|---------------------------------------------------------------------------------------------------|--------|-------------------|--------|
|                                                                                              |   | APRIL 30          |   |
|                                                                                              |   | 2011              |   |   | 2010 |   |
| Transactions:                                                                                     |   |              |   |   |   |   |
| i)       Interest accrued to a Director pursuant to promissory note |   | $                 | 1,556  |   |   | $ | - |   |
|                                                                                              |   |              |   |   |   |   |   |   |
| ii)      Management fees charged to EHHO                                 |   | $                 | 15,000 |   |   |   | - |   |
|                                                                                              |   |              |   |   |   |   |   |   |
| iii)     Fees paid to three Directors for services rendered                   |   | $                 | 40,801 |   |   | $ | - |   |

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|   | 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 |
|--------|------|-------------------------------------------------------------------------------------------------------------------|

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

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