UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                              Washington D.C. 20549

                                   FORM 10-KSB

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

                   For the fiscal year ended December 31, 2005

                         Commission File number 0-15078

                       NOVA NATURAL RESOURCES CORPORATION
                       ----------------------------------
                 (Name of Small Business Issuer in its charter)


                Colorado                          84-1227328
        (State or other jurisdiction            (I.R.S. Employer
            Of incorporation                    Identification No.)


        2951 Simms St.                                  (954) 925-9502
        Hollywood, Fl 33020                             (issuer's phone number)
        (Address of principal executive offices)

           Securities registered under Section 12(b) of the Act: NONE

              Securities registered under Section 12(g) of the Act:

                          Common Stock, $.10 Par Value
                          ----------------------------
                                (Title of Class)


Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 12months (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 No X

Check if disclosure of delinquent filers in response to Item 405 of Regulation
S-B is not contained in this form, and no disclosure will 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-KSB or any amendment to
this Form 10-KSB. [X]

Issuer's revenues for its most recent fiscal year totaled:  None
Documents Incorporated by Reference:  None

Transitional Small Business Disclosure Format:   Yes___.  No.   X


As of December 31, 2005, the Registrant had outstanding no shares of Convertible
Preferred Stock, $1.00 par value issued and outstanding.

Number of Shares of Common Stock Outstanding $.10 par value as of December 31,
2005    1,021,764

Transitional Small Business Disclosure Format  YES ___    NO XX

                                                                               1
<PAGE>
                       NOVA NATURAL RESOURCES CORPORATION

                              Index to Form 10-KSB

PART 1. FINANCIAL INFORMATION

Item 1. Financial Statements.

        Balance Sheets at December 31, 2005

        Statements of Operations and Accumulated Surplus for fiscal year ended
        December 31, 2005 and 2004

        Statements of Stockholders' Equity for fiscal year ended December, 2005
        and 2004

        Statements of Cash Flow ended December 31, 2005 and 2004

        Notes to Financial Statements

        Report of Independent Registered Public Accountant Firm

        Certificate of the CEO and CFO

        Certificated pursuant to 18 U.S.C. Section 1350

Item 2. Management discussion and Analysis of Financial Condition and Results of
        Operations

Item 3. Description of Business

Item 4. Significant changes in the company business

Item 5. Change in Control


Part 2. OTHER INFORMATION

Item 1. Common Stock

Item 2. Environmental

Item 3. Employees

Item 4. Capital assets

Item 5. Legal Proceedings

Item 6. Market for Common Equity and related Shareholder matters

Item 7. Material Subsequent Events

Signatures


                                                                               2
<PAGE>

--------------------------------------------------------------------------------

                       NOVA NATURAL RESOURCES CORPORATION

                                 BALANCE SHEETS
                             AS AT DECEMBER 31, 2005
--------------------------------------------------------------------------------


                                                12/31/05        12/31/04
                                                --------        --------
                                     ASSETS

Current
Cash on Hand                                    $      -        $    454
                                              ----------      ----------

                                  LIABILITIES
Current
Accounts Payable and Accruals                     18,000          14,000

Long Term
Notes Payable - Note 5                            50,500          50,500
                                              ----------      ----------
                                                  68,500          64,500

                        STOCKHOLDERS' EQUITY

Common stock, $0.10 par value, 50,000,000
  shares authorized; 1,021,764 shares issued  13,350,816      13,345,316
  and outstanding

Additional Paid in Capital                    (7,718,434)     (7,718,434)

Accumulated Surplus (Deficit)                 (5,700,882)     (5,690,928)
                                              ----------      ----------
                                                 (68,500)        (64,046)

                                                $      -        $    454
                                              ----------      ----------

The accompanying summary of significant accounting policies and notes are an
integral part of these financial statements.


                                                                               3
<PAGE>
--------------------------------------------------------------------------------

                       NOVA NATURAL RESOURCES CORPORATION

                STATEMENTS OF OPERATIONS AND ACCUMULATED SURPLUS
                      FOR THE YEARS ENDED DECEMBER 31, 2005

--------------------------------------------------------------------------------


                                                12/31/2005      12/31/2004


Revenue                                         $        -      $        -

Less Cost of Sales                                       -               -
                                                ----------      ----------

Gross Margin                                             -               -

Expenses:
Administrative                                       9,954          61,546
                                                ----------      ----------
                                                     9,954          61,546


Net Income / (Loss) for the year                $   (9,954)     $  (61,546)
                                                ==========      ==========

Basic and diluted net income (loss) per share   $   (0.010)     $   (0.130)
                                                ==========      ==========

Weighted Average Common Shares Outstanding       1,021,764         471,764
                                                ==========      ==========


The accompanying summary of significant accounting policies and notes are an
integral part of these financial statements.


                                                                               4
<PAGE>
--------------------------------------------------------------------------------

                        NOVA NATURAL RESOURCES CORPOATION

                       STATEMENTS OF STOCKHOLDERS' EQUITY
                      FOR THE YEARS ENDED DECEMBER 31, 2005

--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
<S>                <C> <C>      <C>                   <C>       <C>             <C>             <C>                <C>
                                                                                                                     Total
                                                                                  Additional       Accumulated     Stockholders'
                                                                                Paid-In Capital Surplus (Deficit)     Equity
                                                                                --------------- -----------------  -------------
                                        Common Stock
                                ------------------------------------------------
                                Shares before   Shares after       Amount
                                reverse split   reverse split

Balances, December 31, 2004     1,115,291,264         471,764   $ 13,345,316    $    (7,718,434)$      (5,690,928) $     (64,046)

Consulting Fee                                        550,000          5,500                                               5,500

Net Income (Loss) for the year                                                                             (9,954)        (9,954)
                                -------------   -------------   ------------    --------------- -----------------  -------------

Balances, December 31, 2005     1,115,291,264       1,021,764   $ 13,350,816    $    (7,718,434)$      (5,700,882) $     (68,500)
                                -------------   -------------   ------------    --------------- -----------------  -------------
</TABLE>


                                                                               5
<PAGE>
--------------------------------------------------------------------------------

                        NOVA NATURAL RESOURCES CORPOATION

                             STATEMENTS OF CASH FLOW
                      FOR THE YEARS ENDED DECEMBER 31, 2005

--------------------------------------------------------------------------------


                                                12/31/05        12/31/04
                                                --------        --------
Cash Provided by (Used in):

Operating Activities
  Cash from Operations                          $ (9,954)       $(61,546)
  Cash Provided from non cash items
        Amortization                                   -               -
  Net Change in Accounts Payable and Accruals      4,000           8,000
  Net Change in Notes Payable                                     50,500
                                                --------        --------
                                                  (5,954)         (3,046)

Investing Activities
  Reversal of Technology Agreement                     -         250,000
                                                --------        --------
                                                       -         250,000

Financing Activities
  Redemption of Share Capital                          -        (250,000)
  Issue of Shares                                  5,500           3,500
                                                --------        --------
                                                   5,500        (246,500)

Increase (Decrease) in Cash during the year         (454)            454

Cash Balance - beginning of year                     454               -
                                                --------        --------

Cash Balance - end of year                      $      -        $    454
                                                --------        --------


The  accompanying  summary of significant  accounting  policies and notes are an
integral part of these financial statements.


                                                                               6
<PAGE>
--------------------------------------------------------------------------------

                       NOVA NATURAL RESOURCES CORPORATION

                        NOTES TO THE FINANCIAL STATEMENTS
                      FOR THE YEARS ENDED DECEMBER 31, 2005

--------------------------------------------------------------------------------
1.   Nature of Business
--------------------------------------------------------------------------------

     Management  has decided  that the company  would be more  valuable  and the
     interest  of  its  shareholders   would  be  better  served  by  the  sale,
     reassignment  and  abandonment  of the  company's  assets and marketing the
     company as a "shell" to potential buyers.

2.   Summary of Significant Accounting Policies
--------------------------------------------------------------------------------

a.   Use of Estimates

     The  preparation of the company's  financial  statements in conformity with
     generally  accepted  accounting  principles  requires  management  to  make
     estimates and assumptions that affect the amounts reported in the financial
     statements  and  accompanying  notes.  The actual results could differ from
     those estimates.

b.   Cash Equivalents

     The company considers all highly liquid debt instruments  purchased with an
     original maturity of three months or less to be cash equivalents.

c.   Earnings per Share

     Net loss per share is presented in  accordance  with the  provisions of the
     Statement of Financial  Accounting  Standards (SFAS) No: 128,  Earnings Per
     Share.  SFAS No: 128  replaces  the  presentation  of primary  and  diluted
     earnings per share (EPS), with a presentation of basic EPS and diluted EPS.
     Under SFAS No: 128, basic EPS excludes dilution for potential common shares
     and is computed by dividing the net loss by the weighted  average number of
     common shares  outstanding for the year. Diluted EPS reflects the potential
     dilution that could occur if securities or other  contracts to issue common
     shares were exercised or converted into common stock. Basic and diluted EPS
     are  the  same  in  2002  and  2003 as all  potential  common  shares  were
     antidilutive.



The  accompanying  summary of significant  accounting  policies and notes are an
integral part of these financial statements.


                                                                               7
<PAGE>
--------------------------------------------------------------------------------

                       NOVA NATURAL RESOURCES CORPORATION

                        NOTES TO THE FINANCIAL STATEMENTS
                      FOR THE YEARS ENDED DECEMBER 31, 2005

--------------------------------------------------------------------------------

d.   Stock-based Compensation

     The company  accounts for stock-based  compensation for employees using the
     intrinsic value method  prescribed in Accounting  Principles  Board Opinion
     No:  25,   Accounting   for  Stock   Issued  to   Employees,   and  related
     interpretations.  Accordingly, compensation costs for stock options granted
     to employees is measured as the excess,  if any, of the quoted price of the
     company's  common stock at the  measurement  date  (generally,  the date of
     grant)  over the  amount an  employee  must pay to acquire  the  stock.  In
     October 1995, the Financial Standards Board issued a new statement SFAS No:
     123, Accounting for Stock-Based Compensation.  SFAS No: 123 encourages, but
     does not require, companies to recognize compensation expense for grants of
     stock,  stock options,  and other equity  instruments  based on fair value.
     Companies that do not adopt the fair value  accounting  rules must disclose
     the  impact  of  adopting  the new  method  in the  notes to the  financial
     statements.  Transactions in equity  instruments with non-employees must be
     accounted  for by the fair value  method.  The  company  has decided not to
     adopt the fair  value  accounting  method  prescribed  by SFAS No:  123 for
     employees, but is subject to the related disclosure requirements.

4.   Subsequent Events
--------------------------------------------------------------------------------

a.   In 2003,  the company  signed an  agreement  to purchase an LPG  (Liquefied
     Petroleum  Gas)  technology  for  $250,000.  The  purchase  was paid by the
     issuance of 250,000 of the  company's  common  stock.  In 2004,  management
     wrote off the  technology  because the vendor did not comply with the terms
     of the  agreement.  The company also  canceled the issued stock  related to
     this purchase.

b.   On June 17, 2004,  the company  entered  into an  agreement  with a company
     called Great Frame  International  Enterprise  Limited, a company with head
     office  located in Hong Kong,  to purchase two gas stations  located in the
     city of Anyang,  in the  Province  of Henan,  in the  People's  Republic of
     China.  The gas stations were equipped  with LPG refilling  equipment.  The
     stations,  along with the technology  referred to in (a) above, would allow
     the company to continue the conversion of vehicles within the City of Anyan
     and its surrounding region from gasoline to LPG energy.  Under the terms of
     the  agreement,  the company  would pay for the $US  1,200,000  purchase by
     issuing  600,000  (post  reverse  split shares) of its common shares to the
     vendor at $2.00 per  share.  On July 1, 2005,  the  company  rescinded  the
     agreement because the vendor could not provide  satisfactory  evidence that
     the terms of the agreement  complied with Chinese laws and  procedures  and
     that the assets  contemplated  in the  transfer  were  unencumbered  in any
     manner.



The  accompanying  summary of significant  accounting  policies and notes are an
integral part of these financial statements.


                                                                               8
<PAGE>
--------------------------------------------------------------------------------

                       NOVA NATURAL RESOURCES CORPORATION

                        NOTES TO THE FINANCIAL STATEMENTS
                      FOR THE YEARS ENDED DECEMBER 31, 2005

--------------------------------------------------------------------------------


5. Notes Payable
--------------------------------------------------------------------------------


I have reviewed the  Convertible  Notes Payable and they are identical in terms,
which  require the note to be converted  for common stock at the election of the
note holder.  The notes are non-interest  bearing and will convert at a price of
$.01 per  share.  The notes  may not be  redeemed  for cash face  value and must
convert into common stock.



               The accompanying summary of significant accounting

                                                                               9
<PAGE>


                                AUDITOR'S REPORT

To the Shareholders of
Nova Natural Resources Corporation

I have  audited  the  accompanying  balance  sheets  of Nova  Natural  Resources
Corporation  as at December 31, 2005 and the related  statements of  operations,
stockholders'  equity and cash flows for the years then ended.  These statements
are the responsibility of the corporation's  management. My responsibility is to
express an opinion on these financial statements based on my audit.

I conducted my audit in accordance with generally accepted auditing standards in
the United States.  Those standards  require that I plan and perform an audit to
obtain  reasonable  assurance  whether  the  financial  statements  are  free of
material  misstatement.  An audit  also  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.

In my  opinion,  these  financial  statements  present  fairly  in all  material
respects,  the financial position of the corporation for the year ended December
31, 2005 and the results of its operations and its cash flows for the years then
ended in accordance with generally accepted accounting  principles in the United
States.



Chartered Accountant
Licensed Public Accountant
Thornhill, Ontario, Canada
March 14, 2007




                                                                              10
<PAGE>

                                  EXHIBIT 31.1

                CERTIFICATION OF THE CHIEF EXECUTIVE OFFICER AND
                 CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 302
                        OF THE SARBANES-OXLEY ACT OF 2002

     I, David Putnam., certify that:

     1. I have  reviewed  this  quarterly  report on Form 10-KSB of Nova Natural
Resources Corp.;

     2. Based on my knowledge, this quarterly report does not contain any untrue
statement of a material fact or omit to state a material fact  necessary to make
the statements made, in light of the  circumstances  under which such statements
were made, not  misleading  with respect to the period covered by this quarterly
report;

     3. Based on my knowledge,  the financial  statements,  and other  financial
information  included in this quarterly  report,  fairly present in all material
respects the financial  condition,  results of operations  and cash flows of the
registrant as of, and for, the periods presented in this quarterly report;

     4. The  registrant's  other  certifying  officers and I are responsible for
establishing and maintaining  disclosure  controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

     a)  designed  such  disclosure  controls  and  procedures,  or caused  such
disclosure  controls and  procedures to be designed  under our  supervision,  to
ensure that  material  information  relating to the  registrant,  including  its
consolidated subsidiaries,  is made known to us by others within those entities,
particularly during the period in which this report is being prepared;

     b) [Paragraph omitted pursuant to SEC Release 33-8238];

     c) evaluated the effectiveness of the registrant's  disclosure controls and
procedures and presented in this report our conclusions  about the effectiveness
of the disclosure  controls and procedures,  as of the end of the period covered
by this report based on such evaluation; and

     d) disclosed in this report any change in the registrant's internal control
over  financial  reporting  that occurred  during the  registrant's  most recent
fiscal quarter (the registrant's  fourth fiscal quarter in the case of an annual
report) that has  materially  affected,  or is  reasonably  likely to materially
affect, the registrant's internal control over financial reporting; and

     5. The registrant's other certifying  officers and I have disclosed,  based
on our most  recent  evaluation,  to the  registrant's  auditors  and the  audit
committee  of  registrant's  board  of  directors  (or  persons  performing  the
equivalent function):

     a) all  significant  deficiencies  in the design or  operation  of internal
controls  which  could  adversely  affect  the  registrant's  ability to record,
process,  summarize  and  report  financial  date  and have  identified  for the
registrant's auditors any material weaknesses in internal controls; and

     b) any fraud,  whether or not material,  that involves  management or other
employees who have a significant role in the registrant's internal controls; and



                                                                              11
<PAGE>

     6. The registrant's other certifying  officers and I have indicated in this
quarterly  report  whether or not there  were  significant  changes in  internal
controls or in other factors that could  significantly  affect internal controls
subsequent to the date of our most recent  evaluation,  including any corrective
actions with regard to significant deficiencies and material weaknesses.


Date: June 6, 2007

                                        By: /s/ David Putnam
                                            ----------------
                                            David Putnam, Chief Executive
                                            Officer and Chief Financial Officer




                                  EXHIBIT 32.1

                    CERTIFICATION OF CEO AND CFO PURSUANT TO
                             18 U.S.C. SECTION 1350,
                             AS ADOPTED PURSUANT TO
                  SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

     In connection  with the Quarterly  Report of Nova Natural  Resources  Corp.
(the  "Company") on Form 10-QSB for the period ended  December 31, 2005 as filed
with the Securities and Exchange  Commission on the date hereof (the  "Report"),
the undersigned,  David Putnam,  as Chief Executive  Officer and Chief Financial
Officer of the Company, hereby certifies, pursuant to 18 U.S.C. Section 1350, as
adopted pursuant to Section 906 of the  Sarbanes-Oxley  Act of 2002, to the best
of his knowledge that:

     (1) The Report fully  complies  with the  requirements  of Section 13(a) or
15(d) of the Securities Exchange Act of 1934, as amended; and

     (2)  The  information  contained  in the  Report  fairly  presents,  in all
material  respects,  the  financial  condition  and results of operations of the
Company at the dates and for the periods shown in such report.


Date: June 6, 2007
                                        By: /s/ David Putnam
                                            ----------------
                                            David Putman, Chief Executive
                                            Officer and Chief Financial Officer



                                                                              12
<PAGE>

Item 2. Management Discussion and Analysis

Management's  discussion of anticipated future operations  contains  predictions
and projections  which may constitute  forward looking  statements.  The Private
Securities  Litigation  Reform Act of 1995,  including  provisions  contained in
Section 21E of the Securities  Exchange Act of 1934,  provides a safe harbor for
forward-looking  statements.  In order  to  comply  with  the  terms of the safe
harbor,  the Company  notes that a variety of factors  could cause the Company's
actual results and experience to differ materially from the anticipated  results
or other expectations expressed in the Company's forward-looking statements. The
risks and uncertainties that may affect the operations, performance, development
and  results of the  Company's  business  include,  but are not  limited to, the
following:

     Liquidity and Capital Resources

The  Company  had no cash at year end  December  31,  2005.  The  company had an
accumulated deficit of $5,699,882 compared to an accumulated deficit at December
31, 2004 of $5,688,832

The Company had no working capital an the end of December  31,2005.  The company
focus during the year was to complete the alternative  energy deal in China. The
terms of the deal were concluded by mid year,  but the  subsequent  inability of
the seller to provide a  certificate  to  demonstrate  the assets  were free and
clear and that the  structure  of the deal was in  compliance  with  Chinese Law
forced the Company to rescind the deal in 2005.

     Forward-looking Information

This Form 10-KSB contains certain forward-looking  statements within the meaning
of the Private  Securities  Litigation  Reform Act of 1995. For this purpose any
statements  contained in this Form 10-KSB which is not  statements of historical
fact may be  deemed  to be  forward-looking  statements.  Without  limiting  the
foregoing,  words  such as "may",  "will",  "expect",  "believe",  "anticipate",
"estimate",  or "continue" or  comparable  terminology  are intended to identify
forward-looking statements. These statements by their nature involve substantial
risks and uncertainties and actual results may differ materially  depending on a
variety of factors, many of which are not within the Company's control.

Item 3. Description of Business

Nova Natural Resources  Corporation (the "Registrant",  "Company" or "Nova") was
incorporated under Colorado Law on April 1, 1993 and is the surviving company in
a merger,  effective February 1, 1995, of the Company and Nova Natural Resources
Corporation,  a Delaware  corporation.  The merger  was  effected  to change the
Company's  domicile  from  Delaware  to  Colorado  and  caused  no change in the
Company's  capitalization.  The Delaware  Corporation  was the successor to Nova
Petroleum  Corporation  and Power Resources  Corporation,  which merged in 1986.
Prior to that merger, Nova Petroleum Corporation and Power Resources Corporation
operated since 1979 and 1972, respectively.

Item 4. Significant changes in the Company business

On February 27, 2001, the Company closed a transaction  pursuant to the terms of
an Asset Purchase Agreement dated February 9, 2001 (the "Agreement") with TORITA
DONGHAO  LLC  ("Torita  Delaware"),  a  Delaware  Corporation,  by which  Torita
Delaware acquired control of the Company.

Torita Delaware manufactures, markets, and sells electronic equipment, including
computer hardware,  computer monitors,  television sets, internet access devices
for use with TV sets,  digital  video  devices  (DVD's) and  related  equipment.
Torita  Delaware's  products  are  marketed in Southeast  Asia.  Its  production
facilities occupy 128,000 square feet in Zhuhai City in the People's Republic of
China  ("PRC")  and include six  manufacturing  lines with an annual  production
capacity of  approximately  1 million PC's, 1 million DVD devices and 200,000 TV
sets.  Torita  Delaware  owns 50% of the former  cosmetics  arm of Torita Group,
though this  business  line has not played a  significant  role in the Company's
operations.  The  Company  wrote off its  equity  investment  of  $15,107 in the
cosmetics  company  in the  fourth  quarter  of the  fiscal  year,  since  it is
uncertain whether this investment will be recoverable.


                                                                              13
<PAGE>

Torita  Delaware was formed by the spin-off of the electronics and the cosmetics
divisions of the Torita  Group of the PRC.  Torita  Group  ("Torita"),  a large,
diversified  company  with over ten years of  operating  history  in China,  was
composed of several divisions with diverse business  interests.  During calendar
year  2001,  Torita  went  into  receivership  due to  its  large  portfolio  of
non-performing  real  estate  assets.   These  assets  are  in  the  process  of
disposition,  a process  expected to take several years to accomplish.  Although
Torita Delaware and Torita are completely separate companies,  this event caused
an indirect effect on the Company's ability to do business.

Historically,   the  Company's  electronics  manufacturing  operations  utilized
Torita's  credit  facilities  as its major source of working  capital.  When the
Company became  independent of Torita,  it no longer had access to that capital,
but  the  relationship  was  retained  with  Torita's  lenders,   including  the
maintenance  of a $7 million  line of credit  with a local  bank.  . When Torita
subsequently  went into  receivership,  even  though the  Company  was no longer
affiliated with Torita, this line of credit was withdrawn. In addition, Torita's
bankruptcy  filing  caused many of the Company's  existing  suppliers to cut off
their credit terms with the Company,  due to the past close  association  of the
two  companies.  These  events  made it much more  difficult  for the Company to
obtain credit in China.

On March 16, 2003,  pursuant to unanimous  approval of the board of directors of
Nova,  the Company  authorized  its president to secure a convertible  note from
Henan Zhenyuen (Group) Co., LTD, and to appoint three new Directors. The company
appointed Ms. Li Wang, Mr. Yanbo Yin both Chinese  Nationals and reappointed Mr.
Chris Tse. Mr. Tse was also  appointed the President and CEO of the company upon
the resignation of its former  President Mr. Edward Chan. Mr. Chan also resigned
as a Director of the company.  Additionally,  Mr. Han Zhende of the Torita group
resigned as a Director.  The note from Zhenyuen  (Group) was never secured.  The
company secured funding from a company called Good Creative  Limited a BVI. This
information  was  communicated  in an 8K filing and press release by the current
management.

On 11  November  2003  Nova  entered  into an  agreement  to  divest of the core
business,  the  electronic  assets the company  had idled at 2002 year end.  The
electronic  business unit declined shortly after  acquisition due to a slow down
in demand for existing products and a lack of immediate working capital required
for new  product  introduction.  Revenue  decreased  significantly  from 2001 of
$4.8MM to 2002 of $.4MM  whereby the company was unable to continue  operations.
Previous  management was unsuccessful in efforts to raise the necessary  working
capital in the time frame in which the business unit had  opportunities  for its
product.  The decrease in demand,  consumption of saleable inventory and lack of
working capital resulted in  discontinuing  the operations at year end 2002. The
business had remained idle while the new management  team and board of directors
accessed  the  market   conditions  for  the  company  products  and  production
capabilities.  The current board of directors had determined that restarting the
operations  created  significant  risk for its  shareholders and determined that
raising funds with equity would be difficult if not impossible.  Therefore,  the
Directors approached the original owners and reached an agreement for the return
of assets in turn for the  return of the Torita  Electronic  (Hong  Kong)  Ltd.,
common stock in the amount of  138,612,287  shares.  This was the control  block
originally  issued for the assets but did not include  stock issued for services
in  connection  with  facilitation  of the deal and  payment for  services.  The
divesture  agreement  was  entered  into with Han  Zhende,  President  of Torita
Electronic  (Hong Kong) Company Ltd.,  and provided for the return of the assets
acquired from the original agreement,  dated Feb 09 2001 between Torita Donghao,
LLC and Nova Natural Resource Corporation. The agreement provided for the return
of assets,  assumption of all liabilities  associated with the Chinese operation
in turn for the return to Nova the 138,612,287 shares of common stock originally
issued to Torita Electronic (Hong Kong) Ltd.

On 17 Jun 2004 Nova  entered into an agreement to purchase the assets of two Gas
Stations  located  in Anyang  City,  Henan  Province,  China  from  Great  Frame
International  Enterprise  Limited,  a Hong  Kong  Company.  The  stations  were
equipped  with LPG  refilling  equipment.  The  stations  along  with a recently
acquired LPG conversion  technology  would allow Nova to continue the conversion
of  additional  vehicles  within the Anyang market and expand into other markets
within the region.  The  stations  had the capacity to generate in excess of two


                                                                              14
<PAGE>

million  dollars in combined  fuel  alternatives,  but the primary  focus was to
convert and service LPG  vehicles.  This was due to higher gross margins and the
positive  environmental  impact. Nova intended to issue 600,000 shares of common
stock at an  agreed  price of $2.00 per  share,  for a total  purchase  price of
$1,200,000.   The  majority   owner  and   President/Director   of  Great  Frame
International Enterprise Limited was Wang Li; Ms Li was also a director of Nova.
Upon the  completion  of the  proposed  agreement  Wang Li would have become the
largest shareholder of NOVA with approximately 45% of the issued and outstanding
shares. This acquisition was designed to prove the LPG conversion technology was
a benefit for both Nova and the Chinese  market.  The average  cost to convert a
taxi from gas to LPG was  approximately  $420 and the conversion  cost for a bus
was approximately 25% higher. It was estimated that the average taxi would drive
450KM per day with a monthly fuel saving of $73.00,  creating a pay back for the
driver in six months.  The pay back for a bus was  approximately  one and a half
years,  but  combined  with  the  positive   environmental   results  the  local
governments  were eager to convert.  The  company  expected  the primary  growth
revenue generator would be the refilling of the LPG vehicles;  the current gross
margin was significantly  higher than that of the non converted petrol vehicles.
Given the  increasing  vehicles  entering the Chinese  market and vast number of
vehicles that could benefit from the  conversion the company worked for over one
year to try and bring  this deal to a  successful  close.  The  company  engaged
several  outside  parties  in both the US and  China  to  develop  a  successful
structure for the transaction whereby Nova would have full rights privileges and
true ownership of the assets identified in the deal. Although representatives of
Nova visited the sites of these assets,  the deal was  complicated by a transfer
of the state assets to the Hong Kong Company. This transfer could not be assured
was acceptable  under Chinese Law, making the deal risky on the  representations
made by Great  Frame  International  and since  Wang Li was a  director  of both
companies  Nova  consulted  with  additional  resources.  The company  evaluated
several  alternatives  in  restructuring  the deal,  but in meeting with Chinese
Accountants and Legal Advisors, it was determined that the transaction could not
be  structured  in  a  manner   initially   negotiated.   This  information  was
communicated in an 8K filing and press release by the current management.

On 1 July 2005 Nova  rescinded  the  agreement  entered into on June 17, 2004 to
purchase the assets of two Gas Stations  located in Anyang City, Henan Province,
China.  The  agreement  previously  entered into with Great Frame  International
Enterprise Limited, a Hong Kong Company, provided that Great Frame would provide
written  evidence that the  agreement  was in  compliance  with Chinese Laws and
procedures and that the assets described in the agreement were not encumbered in
any manner.  Failing to comply with this  requirement the company  cancelled the
agreement.  Additionally,  Mr.  Chris Tse  President  & CEO and  Chairman of the
Board,  accepted  the  resignation  of Wang Li and Yin Yanbo as directors of the
company and decided to serve as sole officer and  director of the company  until
such time as qualified  replacements  could be selected.  This  information  was
communicated in the form of an 8K filing by the current management.

Item 5. CHANGE IN CONTROL

Effective at Closing of the Torita Delaware transaction,  all of Nova's officers
and  directors,  except Brian B.  Spillane,  resigned,  as  contemplated  by the
Agreement.  Edward T. S.  Chan,  CEO of  Torita  Delaware,  thereupon  was named
President,  Treasurer and a Director of the Company.  Mr.  Spillane  resigned as
President,  but  remains  a  Director  of the  Company,  and was  appointed  its
Secretary. Mr. Spillane continued his affiliation with the Company and continued
to maintain the Company's corporate office in Denver, Colorado at the request of
Torita  Delaware.  This  request  was  not a  requirement  for  approval  of the
transaction by the Company's  former Board of Directors.  In September 2001, Han
Zhende  and Chris Tse,  both based in China,  were  appointed  Directors  of the
Company.  Mr. Han is the Company's Chief Operating Officer,  and is in charge of
the Company's electronics  manufacturing operations in Zhuhai City, the People's
Republic  of China.  Mr. Tse  resigned as Vice  President  and a Director of the
Company in November.


                                                                              15
<PAGE>

Upon  effectuation  of the Agreement,  Torita  Electronic  (Hong Kong) Ltd. held
138,612,287  shares of the Registrant's  $0.10 par value common stock,  59.5% of
the total common shares  issued and  outstanding,  and therefore  became the new
controlling shareholder of the Company. Affiliates of Torita Delaware controlled
an additional 32% of the then-issued and outstanding  shares.  The consideration
used to obtain such  control was the  acquisition  by the Company of 100% of the
business and operating assets of Torita Delaware.

On March 16 2003 the board of directors  accepted the  resignation of Mr. Edward
Chan as the  President  and CEO and  appointed  my Chris Tse to the  position of
President and CEO.

On June 30,  2003  pursuant  to majority  shareholder  consent  and  affirmed by
199,873,886  votes  constituting  71.5% of the  279,551,551  shares  issued  and
outstanding as of June 28th 2003, the majority  shareholders  voted and approved
the  appointment of Mr. Chris Tse as the Company  President and Chief  Executive
officer  and the  appointment  to the Board of  Directors.  Mr.  Edward Chan was
terminated  as the President  and Chief  Executive  Officer and removed from the
board of  directors.  This  action was in response to the failure of Mr. Chan to
place into writing his verbal resignation as the President and from the Board of
Directors.  This  information was communicated in an 8K filing and press release
by the current management.

Part 2. OTHER INFORMATION

Item 1. Common Stock

As of December 31, 2001  11,653,000  option  shares were  outstanding  under the
Company's  employee  stock  option  plan.  On June 10, 2002 Mr.  Chan  exercised
4,661,200  shares  at .005  per  share  for a total  of  $23,306.  Mr.  Spillane
exercised 2,330,600 shares at .005 per share for a total or $11,653. As a result
of this issuance the remaining  option  shares  outstanding  under the Company's
employee stock option plan at December 31, 2003 is 1,553.

On May 31, 2002 the company  issued the remaining  balance of 1,727,027  from an
S-8 filing that was effective  September 14, 2001.  The filing was for 2,500,000
shares of which  636,364  shares  were  issued to Mr. Chan in lieu of salary and
136,609  shares were issued for legal  services in October 2001.  The balance of
1,727,027 was issued on May 31, 2002 as follows:  Mr. Chan,  227,000 for a value
of $908, Mr Spillane,  1,200,000 for a value of $4,800,  and Mr. Stubbs  300,027
for a value of $1,200.

On 13 August 2003 the shareholders of Nova Natural  Resources Corp., by majority
consent  authorized  the Board of  Directors  to  institute a 1 for 3000 reverse
stock split with no fractional shares to be issued. Nova, a Colorado Corporation
required two thirds majority for such action.  The majority consent was approved
by two hundred two million one hundred sixth four thousand  (202,164,000)  votes
and  constituted  an  approval in excess of the two thirds  required.  The board
approved the reverse and set the  effective  date for August 22, 2003.  Further,
the shareholders  authorized the Board of Directors to increase the common stock
authorized and issued to 50,000,000  shares following the  implementation of the
reverse.  The majority shareholder consent also gave the Board the authorization
to negotiate the terms and conditions to sale the assets back to Torita.

Currently there are 1,021,764 common shares outstanding.  There are no shares of
the Company's convertible  preferred stock outstanding.  Holders of Common Stock
are  entitled  to cast one vote for each  share  held of record  on all  matters
submitted to a vote of  shareholders  and are not entitled to cumulate votes for
the election of directors. Holders of Common Stock do not have preemptive rights
to subscribe for additional shares of Common Stock issued by the Company.

Holders of Common Stock are entitled to receive  dividends as may be declared by
the  Company's  Board of  Directors  out of  funds  legally  available  for that
purpose,  subject to the rights of the holders of the Company's Preferred Stock.
But  currently No Preferred  Stock has been issued.  Holders of the Common Stock
and Preferred Stock have equal rights to all dividends  declared and paid by the
Company.  In the event of  liquidation,  holders of Common Stock are entitled to
share,  pro rata, in any  distribution of the Company's  assets  remaining after
payment of liabilities,  subject to the preferences and rights of the holders of
Preferred  Stock.  The  Company  has not  paid  and has no  current  plan to pay
dividends.


                                                                              16
<PAGE>

Item 2. Environmental Regulations

The Company is not currently  subject to any pending  administrative or judicial
enforcement   proceedings  arising  under  environmental  laws  or  regulations.
Environmental  laws and  regulations may be adopted in the future which may have
an impact upon the Company's operations.

Item 3. Employees

At December 31, 2005, Nova had only one employee, its President & CEO, Mr. Chris
Tse

Item 4. Capital Assets

 None

     OFFICE LEASE AND EQUIPMENT

None

     INVENTORIES

None

Item 5. Legal Proceedings

The Company knows of no legal proceedings contemplated or threatened against it.

Item 6. Market for Common Equity and Related Shareholder matters

The Company's  Common Stock is quoted on the OTC Bulletin Board under the symbol
"NVNJ" at  December  31,  2005 and has had no  trading  activity.  The number of
record  holders  of the  Company's  Common  Stock  as of  December  31,2005  was
approximately 100.

As of December 31, 2005 1,553 option shares were outstanding under the Company's
employee stock option plan.

On 13 August 2003 the shareholders of Nova Natural  Resources Corp., by majority
consent  authorized  the Board of  Directors  to  institute a 1 for 3000 reverse
stock split with no fractional shares to be issued. Nova, a Colorado Corporation
required two thirds majority for such action.  The majority consent was approved
by two hundred two million one hundred sixth four thousand  (202,164,000)  votes
and  constituted  an  approval in excess of the two thirds  required.  The board
approved the reverse and set the  effective  date for August 22, 2003.  Further,
the shareholders  authorized the Board of Directors to increase the common stock
authorized and issued to 50,000,000  shares following the  implementation of the
reverse.

The Company has not paid any  dividends  on its Common Stock and does not expect
to do so in the foreseeable  future. The Company intends to employ its cash flow
and earnings, if any, for working capital needs.

Item 7. Material Subsequent Events that occurred after the close of the quarter;

On March 15, 2007 the shareholders of Nova Natural  Resources Corp., by majority
consent accepted the resignation of the sole Director and Officer of the Company
Mr.  Chris Tse,  appointed  Mr.  David  Putnam as the  President & CEO and Chief
Financial Officer of the Company, appointed Mr. Putnam to serve as a Director of
the Company,  and appointed Mr. Nick Laroche as a Company Director.  This action
was taken by the  Shareholders  of the  Corporation by a vote, or concurrence of
the majority of the  outstanding  shares.  This action was approved in excess of
the two third  majority as required by Colorado Law and the Company  Articles of
Incorporation.


                                       17
<PAGE>

On  March  31,  2007  the  newly  appointed  Board  of  Directors  approved  the
appointment  of Mr.  Putnam  as the  Company  President  & CEO and the  majority
consent in reference to the appointment of the new Directors, Mr. Putnam and Mr.
Laroche. The New Board of Directors approved the issuance of 2,500,000 shares of
rule 144  restricted  common  stock for each of it new  Directors.  The Board of
directors  authorized the President to proceed with the acquisition of the Lotta
Minutes Prepaid Calling Card transaction after reviewing the Executive  Summary.
The Board  authorized  the  President  to proceed  with  securing the rights and
privileges  in an asset  acquisition  structure  whereby Nova Natural  Resources
would acquire 100% of said rights and  privileges.  The President was authorized
to issue up to ten million  (10,000,000)  shares of Nova Natural  Resources Rule
144 Restricted Common Shares and up to $500,000.00 (with the condition the funds
would be paid  based  upon a future  funding or once the  company  has  adequate
working capital) to secure rights.

On April 15, 2007 the Board  approved the Lotta  Minutes  Pre-Paid  Calling Card
transaction  and  authorized  the  President  to issue ten million  (10,000,000)
shares of Nova Natural  Resources Rule 144 Restricted Common Stock to Glen Simon
for 100% of 2133185  Ontario Inc., for all rights and privileges  concerning the
Lotta  Minutes  deal as  defined  in the Lotta  Minutes  Executive  Summary  and
documentation.

On April 30, 2007 the Board approved the  consulting  contracts with two outside
consultants  to assist the  company in its new  venture.  The  consultants,  Mr.
Aluwahlia  and Mr.  Wendlegoed  will each receive  2,500,000  shares of rule 144
Restricted Common Stock at .01 for said services.


Pursuant to the  requirements  of the  Securities  and Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.


                                        NOVA NATURAL RESOURCES CORP.
                                        Registrant


DATE: July 6, 2007
                                        By: /s/ David Putnam
                                            ----------------
                                            David Putnam
                                            President & CEO and CFO


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