----

| [X] | QUARTERLY                REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF                1934 |
|-----|-----------------------------------------------------------------------------------------------------------------|

| [                  ] | TRANSITION                REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE                ACT |
|--------------------------------|----------------------------------------------------------------------------------------------------------|

| Nevada                                         | 98-0455906                                       |
|------------------------------------------------|--------------------------------------------------|
| (State                or other jurisdiction of | (IRS                Employer Identification No.) |
| incorporation                or organization)  |                                             |

----

| CONSOLIDATED                BALANCE SHEETS -                          |   |
|-----------------------------------------------------------------------|--------|
| September                30, 2006                                     | F-2    |
|                                                                  |   |
| CONSOLIDATED                STATEMENTS OF OPERATIONS -                |   |
| Three                and Six Months ended September 30, 2006 and 2005 | F-3    |
|                                                                  |   |
| CONSOLIDATED                STATEMENTS OF CASH FLOWS -                |   |
| Six                Months ended September 30, 2006 and 2005           |   |
| and                the Period from November 3, 2004 (Inception) to    |   |
| September                30, 2006                                     | F-4    |
|                                                                  |   |
| NOTES                TO CONSOLIDATED FINANCIAL STATEMENTS             | F-5    |

----

----

**KONIGSBERG        CORPORATION **

**(An        Exploration Stage Company)**

**CONSOLIDATED        BALANCE SHEETS**

**(Unaudited)**

**(Stated        in U.S. Dollars)**

|                                                                                                                                                         |   | **SEPTEMBER                  30** |           | MARCH                  31 |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------|----------------|---------------------------|--------|
|                                                                                                                                                         |   | **2006**                          |           | 2006                      |   |
| **ASSETS**                                                                                                                                              |   |                              |                |                      |   |  |   |
|                                                                                                                                                         |   |                              |                |                      |   |  |   |
| **Current**                                                                                                                                             |   |                              |                |                      |   |  |   |
|                           Cash                                                                                                      |   | $                                 | 143,681        |                      | $      | 26,793 |   |
|                           Prepaid expenses                                                                                          |   |                              | **3,498**      |                      |   | 245 |   |
|                                                                                                                                     |   |                              | **147,179**    |                      |   | 27,038 |   |
|                                                                                                                                                         |   |                              |                |                      |   |  |   |
| **LIABILITIES**                                                                                                                                         |   |                              |                |                      |   |  |   |
|                                                                                                                                                         |   |                              |                |                      |   |  |   |
| **Current**                                                                                                                                             |   |                              |                |                      |   |  |   |
|                           Accounts payable and accrued liabilities                                                                  |   | $                                 | 14,595         |                      | $      | 6,632 |   |
|                                                                                                                                                         |   |                              |                |                      |   |  |   |
| **STOCKHOLDERS’                  EQUITY (DEFICIENCY)**                                                                                            |   |                              |                |                      |   |  |   |
|                                                                                                                                                         |   |                              |                |                      |   |  |   |
| **Share                  Capital**                                                                                                                      |   |                              |                |                      |   |  |   |
|                           Authorized:                                                                                               |   |                              |                |                      |   |  |   |
|                                     400,000,000                  common voting shares with a par value of  |   |                              |                |                      |   |  |   |
|                                                        $0.001 per share                               |   |                              |                |                      |   |  |   |
|                                     100,000,000                  preferred shares with a par value of      |   |                              |                |                      |   |  |   |
|                                                        $0.001 per share                               |   |                              |                |                      |   |  |   |
|                                                                                                                                                         |   |                              |                |                      |   |  |   |
|                           Issued and outstanding:                                                                                   |   |                              |                |                      |   |  |   |
|                                                        79,231,334 common shares at September 30, 2006 |   |                              |           |                      |   |   |   |
|                                       and                  77,600,000 common shares at March 31, 2006 |   |                              | **79,231**     |                      |   | 77,600 |   |
|                                                                                                                                                         |   |                              |                |                      |   |  |   |
| **Additional                  Paid-In Capital**                                                                                                         |   |                              | **1,263,569**  |                      |   | 26,400 |   |
|                                                                                                                                                         |   |                              |                |                      |   |  |   |
| **Stock                  Subscriptions Received**                                                                                                       |   |                              | **222,935**    |                      |   | - |   |
|                                                                                                                                                         |   |                              |                |                      |   |  |   |
| **Deficit                  Accumulated During The Exploration Stage**                                                                                   |   |                              | **(1,433,151** | **)**                     |   | (83,594 | ) |
|                                                                                                                                                         |   |                              | **132,584**    |                      |   | 20,406 |   |
|                                                                                                                                                         |   |                              |                |                      |   |  |   |
|                                                                                                                                                         |   | **$**                             | **147,179**    |                      | $      | 27,038 |   |

----

**KONIGSBERG        CORPORATION **

**(An        Exploration Stage Company)**

**CONSOLIDATED        STATEMENTS OF OPERATIONS **

**(Unaudited)**

**(Stated        in U.S. Dollars)**

|                                                                                                                |   |                              |           |                         |       |                         |   |                         |           |                         |       |
|---------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------|----------------|-----------------------------------|------------|-----------------------------------|--------|-----------------------------------|----------------|-----------------------------------|------------|
|                                                                                                                |   |                              |           |                         |       |                         |   |                         |           | **PERIOD                  FROM**  |       |
|                                                                                                                |   | **THREE**                         |           | **SIX**                           |       | **THREE**                         |   | **SIX**                      |           | **INCEPTION**                     |       |
|                                                                                                                |   | **MONTHS**                        |           | **MONTHS**                        |       | **MONTHS**                   |   | **MONTHS**                   |           | **NOVEMBER                  3**   |       |
|                                                                                                                |   | **ENDED**                         |           | **ENDED**                         |       | **ENDED**                    |   | **ENDED**                    |           | **2004                  TO**      |       |
|                                                                                                                |   | **SEPTEMBER                  30** |           | **SEPTEMBER                  30** |       | **SEPTEMBER                  30** |   | **SEPTEMBER                  30** |           | **SEPTEMBER                  30** |       |
|                                                                                                                |   | **2006**                          |           | **2006**                          |       | **2005**                     |   | **2005**                     |           | **2006**                          |       |
|                                                                                                                |   |                              |           |                              |       |                              |   |                              |                |                              |       |  |   |   |   |   |
| **Revenue**                                                                                                    |   | $                                 | -              |                              | **$**      | **-**                             |   | **$**                             | **-**          |                              | **$**      | **-** |   | **$** | - |   |
|                                                                                                                |   |                              |           |                              |       |                              |   |                              |                |                              |       |  |   |   |   |   |
| **Expenses**                                                                                                   |   |                              |           |                              |       |                              |   |                              |                |                              |       |  |   |   |   |   |
| Consulting                  fees                                                                                    |   |                              | **9,485**      |                              |       | **19,263**                        |   |                              | **-**          |                              |       | - |   |   | **19,263** |   |
|                           Mineral property acquisition                                     |   |                              |           |                              |       |                              |   |                              |           |                              |       |   |   |   |   |   |
|                             costs and exploration expense                             |   |                              | **645,895**    |                              |       | **1,245,895**                     |   |                              | **3,000**      |                              |       | **5,000** |   |   | **1,260,684** |   |
| Write                  down of mineral property                                                                     |   |                              |           |                              |       |                              |   |                              |           |                              |       |   |   |   |   |   |
| interest                                                                                                            |   |                              | **-**          |                              |       | **-**                             |   |                              | **-**          |                              |       | **-** |   |   | **3,500** |   |
|                           Office and sundry                                                |   |                              | **16,485**     |                              |       | **26,016**                        |   |                              | **2,996**      |                              |       | **4,075** |   |   | **35,983** |   |
|                           Professional fees                                                |   |                              | **16,739**     |                              |       | **59,005**                        |   |                              | **8,380**      |                              |       | **19,256** |   |   | **115,170** |   |
|                           Gain on foreign exchange                                         |   |                              | **(569**       | **)**                             | ** ** | **(622**                          | **)**  | ** **                        | **(531**       | **)**                             | ** ** | **(580** | **)** | ** ** | **(1,449** | **)** |
|                                                                                                                |   |                              | **688,035**    |                              |       | **1,349,557**                     |   |                              | **13,845**     |                              |       | **27,751** |   |   | **1,433,151** |   |
|                                                                                                                |   |                              |           |                              |       |                              |   |                              |                |                              |       |  |   |   |   |   |
| **Net                  Loss For The Period**                                                                   |   | $                                 | (688,035       | )                                 | **$**      | (1,349,557                        | )      | **$**                             | (13,845        | )                                 | **$**      | (27,751 | ) | **$** | (1,433,151 | ) |
|                                                                                                                |   |                              |           |                              |       |                              |   |                              |                |                              |       |  |   |   |   |   |
|                                                                                                                |   |                              |           |                              |       |                              |   |                              |                |                              |       |  |   |   |   |   |
| **Basic                  And Diluted Loss Per Share**                                                          |   | $                                 | (0.01          | )                                 | **$**      | (0.01                             | )      | **$**                             | -              |                              | **$**      | - |   |   |   |   |
|                                                                                                                |   |                              |           |                              |       |                              |   |                              |                |                              |       |  |   |   |   |   |
|                                                                                                                |   |                              |           |                              |       |                              |   |                              |                |                              |       |  |   |   |   |   |
| **Weighted                  Average Number Of**                                                                |   |                              |           |                              |       |                              |   |                              |                |                              |       |  |   |   |   |   |
|          **Common** **Shares                  Outstanding**  |   |                              | **78,749,312** |                              |       | **78,066,725**                    |   |                              | **19,400,000** |                              |       | **19,350,825** |   |   |   |   |

----

**KONIGSBERG        CORPORATION **

**(An        Exploration Stage Company)**

**CONSOLIDATED        STATEMENTS OF CASH FLOWS **

**(Unaudited)**

**(Stated        in U.S. Dollars)**

|                                                                                               |   |                              |   |   |   |                              |   |   |   |                              |   |   |                              |        |   |                              |   |
|----------------------------------------------------------------------------------------------------|--------|-----------------------------------|--------|--------|--------|-----------------------------------|--------|--------|--------|-----------------------------------|--------|--------|-----------------------------------|-------------|--------|-----------------------------------|--------|
|                                                                                               |   |                              |   |   |   |                              |   |   |   |                              |   |   |                              |        |   | **PERIOD                  FROM**  |   |
|                                                                                               |   | **THREE**                         |   |   |   | **SIX**                      |   |   |   | **THREE**                         |   |   | **SIX**                      |        |   | **INCEPTION**                     |   |
|                                                                                               |   | **MONTHS**                   |   |   |   | **MONTHS**                   |   |   |   | **MONTHS**                   |   |   | **MONTHS**                   |        |   | **NOVEMBER                  3**   |   |
|                                                                                               |   | **ENDED**                    |   |   |   | **ENDED**                    |   |   |   | **ENDED**                    |   |   | **ENDED**                    |        |   | **2004                  TO**      |   |
|                                                                                               |   | **SEPTEMBER                  30** |   |   |   | **SEPTEMBER                  30** |   |   |   | **SEPTEMBER                  30** |   |   | **SEPTEMBER                  30** |        |   | **SEPTEMBER                  30** |   |
|                                                                                               |   | **2006**                          |   |   |   | **2006**                          |   |   |   | **2005**                          |   |   | **2005**                     |        |   | **2006**                          |   |
| **Cash                  provided by (used in)**                                               |   |                              |   |   |   |                              |   |   |   |                              |   |   |                              |        |   |                              |   |
| **Operating                  Activities**                                                     |   |                              |   |   |   |                              |   |   |   |                              |   |   |                              |        |   |                              |   |
|                        Net loss for the period                                 | **$**  | **(688,035**                      | **)**  |   | **$**  | **(1,349,557**                    | **)**  |   | **$**  | **(13,845**                       | **)**  | **$**  | **(27,751**                       | **)**       | **$**  | **(1,433,151**                    | )      |
|                                                                                               |   |                              |   |   |   |                              |   |   |   |                              |   |   |                              |        |   |                              |   |
| Item                  not involving cash:                                                          |   |                              |   |   |   |                              |   |   |   |                              |   |   |                              |        |   |                              |   |
|                        Share capital issued for                                     |   | **360,000**                       |   |   |   | **860,000**                       |   |   |   | **-**                             |   |   | **-**                             |        |   | **860,000**                       |   |
| property                  acquisition                                                              |   |                              |   |   |   |                              |   |   |   |                              |   |   |                              |        |   |                              |   |
|                                                                                               |   | ** **                        |   |   |   | ** **                        |   |   |   | ** **                        |   |   | ** **                        |        |   |                              |   |
| Changes                  in non-cash working capital                  items:                       |   | ** **                        |   |   |   | ** **                        |   |   |   | ** **                        |   |   | ** **                        |        |   |                              |   |
|         Write                  down of mineral             |   |                              |   |   |   |                              |   |   |   |                              |   |   |                              |        |   |                              |   |
| property                  interest                                                                 |   | **-**                             |   |   |   | **-**                             |   |   |   | **-**                             |   |   |                              | **-**       |   | **3,500**                         |   |
| Prepaid                  expenses                                                                  |   | **(3,498**                        | **)**  |   |   | **(3,253**                        | **)**  |   |   | **3,000**                         |   |   | **4,056**                         |        |   | **(3,498**                        | )      |
| Accounts                  payable and accrued                                                      |   |                              |   |   |   |                              |   |   |   |                              |   |   |                              |        |   |                              |   |
| Liabilities                                                                                        |   | **(21,931**                       | **)**  |   |   | **7,963**                         |   |   |   | **4,508**                         |   |   | **3,750**                         |        |   | **14,595**                        |   |
|                                             |   | **(353,464**                      | **)**  |   |   | **(484,847**                      | **)**  |   |   | **(6,337**                        | **)**  |   | **(19,945**                       | **) ** |   | **(558,554**                      | )      |
|                                                                                               |   |                              |   |   |   |                              |   |   |   |                              |   |   |                              |        |   |                              |   |
| **Financing                  Activity**                                                            |   | ** **                        |   |   |   | ** **                        |   |   |   | ** **                        |   |   | ** **                        |        |   |                              |   |
| Share                  capital issued for cash                                                     |   | **268,800**                       |   |   |   | **378,800**                       |   |   |   | **-**                             |   |   | **6,000**                         |        |   | **482,800**                       |   |
| Share                  subscriptions received                                                      |   | **222,935**                       |   |   |   | **222,935**                       |   |   |   |                              |   |   |                              |        |   | **222,935**                       |   |
|                                                                                               |   |                              |   |   |   |                              |   |   |   |                              |   |   |                              |        |   |                              |   |
| **Investing                  Activity**                                                       |   | ** **                        |   |   |   | ** **                        |   |   |   | ** **                        |   |   | ** **                        |        |   |                              |   |
|                          Additions to mineral property interest |   | **-**                             |   |   |   | **-**                             |   |   |   | **-**                             |   |   | **-**                             |        |   | **(3,500**                        | )      |
|                                                                                               |   | ** **                        |   |   |   | ** **                        |   |   |   | ** **                        |   |   | ** **                        |        |   |                              |   |
| **Increase                  (Decrease) In Cash**                                              |   | **138,271**                       |   |   |   | **116,888**                       |   |   |   | **(6,337**                        | **)**  |   | **(13,945**                       | **)**       |   | **143,861**                       |   |
|                                                                                               |   | ** **                        |   |   |   | ** **                        |   |   |   | ** **                        |   |   | ** **                        |        |   |                              |   |
| **Cash,                  Beginning Of Period**                                                |   | **5,410**                         |   |   |   | **26,793**                        |   |   |   | **77,285**                        |   |   | **84,893**                        |        |   | **-**                             |   |
|                                                                                               |   | ** **                        |   |   |   | ** **                        |   |   |   | ** **                        |   |   | ** **                        |        |   |                              |   |
| **Cash,                  End Of Period**                                                      | **$**  | **143,681**                       |   |   | **$**  | **143,681**                       |   |   | **$**  | **70,948**                        |   | **$**  | **70,948**                        |        | **$**  | **143,861**                       |   |
|                                                                                               |   | ** **                        |   |   |   | ** **                        |   |   |   | ** **                        |   |   | ** **                        |        |   |                              |   |
| **Supplemental                  disclosure of cash flow information**                              |   |                              |   |   |   |                              |   |   |   |                              |   |   |                              |        |   |                              |   |
| **Cash                  paid during the period for:**                                              |   | ** **                        |   |   |   | ** **                        |   |   |   | ** **                        |   |   | ** **                        |        |   |                              |   |
|                                                                                               |   |                              |   |   |   |                              |   |   |   |                              |   |   |                              |        |   |                              |   |
| Interest                                                                                           | **$**  | ** -**                       |   |   | **$**  | ** -**                       |   |   | **$**  | ** -**                       |   | **$**  | **-**                             |        | **$**  | **-**                             |   |
|                                                                                               |   |                              |   |   |   |                              |   |   |   |                              |   |   |                              |        |   |                              |   |
| Income                  taxes                                                                 | **$**  | ** -**                       |   |   | **$**  | ** -**                       |   |   | **$**  | ** -**                       |   | **$**  | **-**                             |        | **$**  | **-**                             |   |

----

**KONIGSBERG        CORPORATION **

**(An        Exploration Stage Company)**

**CONSOLIDATED        STATEMENT OF STOCKHOLDERS’ EQUITY (DEFICIENCY)**

**PERIOD        FROM NOVEMBER 3, 2004 (INCEPTION) TO SEPTEMBER 30, 2006**

**(Unaudited)**

**(Stated        in U.S. Dollars)**

|                                                        |   |                              |   |   |             |   |   |                 |        |   |              |   |   | **DEFICIT**                      |   |   |            |   |
|-------------------------------------------------------------|--------|-----------------------------------|--------|--------|------------------|--------|--------|----------------------|-------------|--------|-------------------|--------|--------|---------------------------------------|--------|--------|-----------------|--------|
|                                                        |   | **COMMON                  STOCK** |   |   | **ACCUMULATED**  |   |   |                 |        |   |
|                                                        |   |                              |   |   |             |   |   | **ADDITIONAL**  |        |   | **STOCK**         |   |   | **DURING                  THE**  |   |   |            |   |
|                                                        |   |                              |   |   |             |   |   | **PAID-IN**     |        |   | **SUBSCRIPTIONS** |   |   | **EXPLORATION**                  |   |   |            |   |
|                                                        |   | **SHARES**                   |   |   | **AMOUNT**  |   |   | **CAPITAL**     |        |   | **RECEIVED**      |   |   | **STAGE**                        |   |   | **TOTAL**  |   |
|                                                        |   |                              |   |   |             |   |   |                 |        |   |              |   |   |                                  |   |   |            |   |
| Balance,                  November 3, 2004                  |   | ** **                        |   |   | ** **       |   |   | ** **           |        |   |              |   |   | ** **                            |   |   | ** **      |   |
| (Date                  of inception)                        |   | **-**                             |   | **$**  | **-**            |   | **$**  | **-**                |        | **$**  | **-**             |   | **$**  | **-**                                 |   | **$**  | **-**           |   |
| Shares                  issued for cash                     |   |                              |   |   |             |   |   |                 |        |   |              |   |   |                                  |   |   |            |   |
| November                  3, 2004 at                        |   |                              |   |   |             |   |   |                 |        |   |              |   |   |                                  |   |   |            |   |
|     $0.00025                            |   | **40,000,000**                    |   |   | **40,000**       |   |   | **(30,000**          | **) ** |   | **-**             |   |   | **-**                                 |   |   | **10,000**      |   |
| February                  28, 2005 at                       |   |                              |   |   |             |   |   |                 |        |   |              |   |   |                                  |   |   |            |   |
| $0.0025                                                     |   | **35,200,000**                    |   |   | **35,200**       |   |   | **52,800**           |        |   | **-**             |   |   | **-**                                 |   |   | **88,000**      |   |
| Net                  loss for the period                    |   | **-**                             |   |   | **-**            |   |   | **-**                |        |   | **-**             |   |   | **(11,314**                           | **)**  |   | **(11,314**     | **)**  |
| Balance,                  March 31, 2005                    |   | **75,200,000**                    |   |   | **75,200**       |   |   | **22,800**           |        |   | **-**             |   |   | **(11,314**                           | **)**  |   | **86,686**      |   |
|                                                        |   |                              |   |   |             |   |   |                 |        |   |              |   |   |                                  |   |   |            |   |
| Shares                  issued for cash:                    |   |                              |   |   |             |   |   |                 |        |   |              |   |   |                                  |   |   |            |   |
| April                  14, 2005 at                          |   |                              |   |   |             |   |   |                 |        |   |              |   |   |                                  |   |   |            |   |
| $0.0025                                                     |   | **2,400,000**                     |   |   | **2,400**        |   |   | **3,600**            |        |   | **-**             |   |   | **-**                                 |   |   | **6,000**       |   |
| Net                  loss for the year                      |   | **-**                             |   |   | **-**            |   |   | **-**                |        |   | **-**             |   |   | **(72,280**                           | **)**  |   | **(72,280**     | **)**  |
| Balance,                  March 31, 2006                    |   | **77,600,000**                    |   |   | **77,600**       |   |   | **26,400**           |        |   | **-**             |   |   | **(83,594**                           | **)**  |   | **20,406**      |   |
|                                                        |   | ** **                        |   |   | ** **       |   |   | ** **           |        |   |              |   |   | ** **                            |   |   | ** **      |   |
| Shares                  issued for cash:                    |   | ** **                        |   |   | ** **       |   |   | ** **           |        |   |              |   |   | ** **                            |   |   | ** **      |   |
| April                  21, 2006                             |   |                              |   |   |             |   |   |                 |        |   |              |   |   |                                  |   |   |            |   |
| at                  $0.60                                   |   | **100,000**                       |   |   | **100**          |   |   | **59,900**           |        |   | **-**             |   |   | **-**                                 |   |   | **60,000**      |   |
|     April                  28, 2006     |   |                              |   |   |             |   |   |                 |        |   |              |   |   |                                  |   |   |            |   |
| at                  $0.60                                   |   | **83,334**                        |   |   | **83**           |   |   | **49,917**           |        |   | **-**             |   |   | **-**                                 |   |   | **50,000**      |   |
| Shares                  issued for property:                |   |                              |   |   |             |   |   |                 |        |   |              |   |   |                                  |   |   |            |   |
|      May                  11, 2006 |   |                              |   |   |             |   |   |                 |        |   |              |   |   |                                  |   |   |            |   |
| at                  $1.00                                   |   | **500,000**                       |   |   | **500**          |   |   | **499,500**          |        |   | **-**             |   |   | **-**                                 |   |   | **500,000**     |   |
| September                  12, 2006                         |   |                              |   |   |             |   |   |                 |        |   |              |   |   |                                  |   |   |            |   |
| At                  $0.72                                   |   | **500,000**                       |   |   | **500**          |   |   | **359,500**          |        |   | **-**             |   |   | **-**                                 |   |   | **360,000**     |   |
| Shares                  subscribed for cash:                |   |                              |   |   |             |   |   |                 |        |   |              |   |   |                                  |   |   |            |   |
|     June                  7, 2006       |   |                              |   |   |             |   |   |                 |        |   |              |   |   |                                  |   |   |            |   |
| at                  $0.60                                   |   | **21,000**                        |   |   | **21**           |   |   | **12,579**           |        |   | **-**             |   |   | **-**                                 |   |   | **12,600**      |   |
|     June                  22, 2006      |   |                              |   |   |             |   |   |                 |        |   |              |   |   |                                  |   |   |            |   |
| at                  $0.60                                   |   | **10,000**                        |   |   | **10**           |   |   | **5,990**            |        |   | **-**             |   |   | **-**                                 |   |   | **6,000**       |   |
|     June                  30, 2006      |   |                              |   |   |             |   |   |                 |        |   |              |   |   |                                  |   |   |            |   |
| at                  $0.60                                   |   | **417,000**                       |   |   | **417**          |   |   | **249,783**          |        |   | **-**             |   |   | **-**                                 |   |   | **250,200**     |   |
| August                  31, 2006                            |   |                              |   |   |             |   |   |                 |        |   |              |   |   |                                  |   |   |            |   |
| at                  $0.60                                   |   | **-**                             |   |   | **-**            |   |   | **-**                |        |   | **48,000**        |   |   | **-**                                 |   |   | **48,000**      |   |
| September                  5, 2006                          |   |                              |   |   |             |   |   |                 |        |   |              |   |   |                                  |   |   |            |   |
| at                  $0.60                                   |   | **-**                             |   |   | **-**            |   |   | **-**                |        |   | **174,935**       |   |   | **-**                                 |   |   | **174,935**     |   |
|                                                        |   |                              |   |   |             |   |   |                 |        |   |              |   |   |                                  |   |   |            |   |
| Net                  loss for the period                    |   | **-**                             |   |   | **-**            |   |   | **-**                |        |   | **-**             |   |   | **(1,349,557**                        | **)**  |   | **(1,349,557**  | **)**  |
| Balance,                  September 30, 2006                |   | **79,231,334**                    |   | **$**  | **79,231**       |   | **$**  | **1,263,569**        |        | **$**  | **222,935**       |   | **$**  | **(1,433,151**                        | **)**  | **$**  | **132,584**     |   |

----

**KONIGSBERG        CORPORATION **

**(An        Exploration Stage Company)**

**NOTES        TO CONSOLIDATED FINANCIAL STATEMENTS**

**SEPTEMBER        30, 2006**

**(Unaudited)**

**(Stated        in U.S. Dollars)**

| **1.**  | **BASIS                  OF PRESENTATION**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|--------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|         | The                  unaudited consolidated financial information furnished herein reflects                  all                  adjustments which, in the opinion of management, are necessary                  to fairly                  state the Company’s consolidated financial position and the results of its                  operations for the periods presented. These second quarter consolidated                  financial statements should be read in conjunction with the Company’s                  consolidated financial statements and notes thereto included in                  the                  Company’s Form 10-KSB for the fiscal year ended March 31, 2006. The                  Company assumes that the users of the interim consolidated financial                  information herein have read, or have access to, the audited consolidated                  financial statements for the preceding fiscal year, and that the                  adequacy                  of additional disclosure needed for a fair presentation may be                  determined                  in that context. Accordingly, footnote disclosure, which would                  substantially duplicate the disclosure contained in the Company’s Form                  10-KSB for the fiscal year ended March 31, 2006, has been omitted.                  The                  results of operations for the six month period ended September                  30, 2006                  are not necessarily indicative of results for the entire year ending                  March                  31, 2007. |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| **2.**  | **NATURE                  AND CONTINUANCE OF OPERATIONS**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|         | The                  Company was incorporated in the State of Nevada on November 3,                  2004. The                  Company is an Exploration Stage Company as defined by Statement                  of                  Financial Accounting Standard (“SFAS”) No. 7. The Company has acquired a                  mineral property located in the Nanaimo Mining Division, British                  Columbia,                  Canada, and has not yet determined whether this property contains                  reserves                  that are economically recoverable. The recoverability of property                  expenditures will be dependent upon the discovery of economically                  recoverable reserves, confirmation of the Company’s interest in the                  underlying property, the ability of the Company to obtain necessary                  financing to satisfy the expenditure requirements under the property                  agreement and upon future profitable production or proceeds for                  the sale                  thereof.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|         | These                  consolidated financial statements have been prepared on a going                  concern                  basis. The Company has incurred losses since inception resulting                  in an                  accumulated deficit of $1,349,557 since inception and further losses                  are                  anticipated in the development of its business raising substantial                  doubt                  about the Company’s ability to continue as a going concern. Its ability to                  continue as a going concern is dependent upon the ability of the                  Company                  to generate profitable operations in the future and/or to obtain                  the                  necessary financing to meet its obligations and repay its liabilities                  arising from normal business operations when they come due. Management                  has                  plans to seek additional capital through a private placement and                  public                  offering of its common stock. The consolidated financial statements                  do not                  include any adjustments relating to the recoverability and classification                  of recorded assets, or the amounts of and classification of liabilities                  that might be necessary in the event the Company cannot continue                  in                  existence.                                                                                                                                                    |

----

**KONIGSBERG        CORPORATION**

**(An        Exploration Stage Company)**

**NOTES        TO CONSOLIDATED FINANCIAL STATEMENTS**

**SEPTEMBER        30, 2006**

**(Unaudited)**

**(Stated        in U.S. Dollars)**

| **3.**  | **SUMMARY                  OF SIGNIFICANT ACCOUNTING POLICIES**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|--------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |
|         | The                  consolidated financial statements of the Company have been prepared                  in                  accordance with generally accepted accounting principles in the                  United                  States of America. Because a precise determination of many assets                  and                  liabilities is dependent upon future events, the preparation of                  financial                  statements for a period necessarily involves the use of estimates                  which                  have been made using careful judgment. Actual results may vary                  from these                  estimates. |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |
|         | The                  consolidated financial statements have, in management’s opinion, been                  properly prepared within reasonable limits of materiality and within                  the                  framework of the significant accounting policies summarized                  below:                                                                                                                                                                                                                                                                                                                                                                            |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |
|         | a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | Consolidation |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | These                  consolidated financial statements include the accounts of the Company                  and                  its wholly owned British Columbia subsidiary, Konigsberg Explorations                  Inc.                  All significant intercompany transactions have been                  eliminated. |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |
|         | b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | Mineral                  Property Acquisition Payments and Exploration Costs |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | The                  Company expenses all costs incurred on mineral properties to which                  it has                  secured exploration rights prior to the establishment of proven                  and                  probable reserves. If and when proven and probable reserves are                  determined                  for a property and a feasibility study prepared with respect to                  the                  property, then subsequent exploration and development costs of                  the                  property will be capitalized. |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | The                  Company regularly performs evaluations of any investment in mineral                  properties to assess the recoverability and/or the residual value                  of its                  investments in these assets. All long-lived assets are reviewed                  for                  impairment whenever events or circumstances change which indicate                  the                  carrying amount of an asset may not be recoverable. During the                  year ended                  March 31, 2005, the Company recorded impairments of $3,500 of its                  mineral                  properties. |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | Exploration                  Expenditures |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | The                  Company follows a policy of expensing exploration expenditures                  until a                  production decision in respect of the project and the Company is                  reasonably assured that it will receive regulatory approval to                  permit                  mining operations, which may include the receipt of a legally binding                  project approval certificate. |

----

**KONIGSBERG        CORPORATION**

**(An        Exploration Stage Company)**

**NOTES        TO CONSOLIDATED FINANCIAL STATEMENTS**

**SEPTEMBER        30, 2006**

**(Unaudited)**

**(Stated        in U.S. Dollars)**

| **3.**  | **SUMMARY                  OF SIGNIFICANT ACCOUNTING POLICIES**(Continued) |
|--------------|----------------------------------------------------------------------------|
|         |                                                                       |   |
|         | b)                                                                         | Mineral                  Property Acquisition Payments and Exploration Costs                  (Continued) |
|         |                                                                       |   |
|         |                                                                       | Exploration                  Expenditures (Continued) |
|         |                                                                       |   |
|         |                                                                       | Management                  periodically reviews the carrying value of its investments in mineral                  leases and claims with internal and external mining related professionals.                  A decision to abandon, reduce or expand a specific project is based                  upon                  many factors including general and specific assessments of mineral                  deposits, anticipated future mineral prices, anticipated future                  costs of                  exploring, developing and operating a production mine, the expiration                  term                  and ongoing expenses of maintaining mineral properties and the                  general                  likelihood that the Company will continue exploration on such project.                  The                  Company does not set a pre-determined holding period for properties                  with                  unproven deposits, however, properties which have not demonstrated                  suitable metal concentrations at the conclusion of each phase of                  an                  exploration program are re-evaluated to determine if future exploration                  is                  warranted, whether there has been any impairment in value and that                  their                  carrying values are appropriate. |
|         |                                                                       |   |
|         |                                                                       | If                  an area of interest is abandoned or it is determined that its carrying                  value cannot be supported by future production or sale, the related                  costs                  are charged against operations in the year of abandonment or determination                  of value. The amounts recorded as mineral leases and claims represent                  costs to date and do not necessarily reflect present or future                  values. |
|         |                                                                       |   |
|         |                                                                       | The                  Company’s exploration activities and proposed mine development are subject                  to various laws and regulations governing the protection of the                  environment. These laws are continually changing, generally becoming                  more                  restrictive. The Company has made, and expects to make in the future,                  expenditures to comply with such laws and regulations. |
|         |                                                                       |   |
|         |                                                                       | The                  accumulated costs of properties that are developed on the stage                  of                  commercial production will be amortized to operations through                  unit-of-production depletion. |
|         |                                                                       |   |
|         | c)                                                                         | Use                  of Estimates and Assumptions |
|         |                                                                       |   |
|         |                                                                       | The                  preparation of financial statements in conformity with United States                  generally accepted accounting principles requires management to                  make                  estimates and assumptions that affect the reported amounts of assets                  and                  liabilities and disclosure of contingent assets and liabilities                  at the                  date of the financial statements and the reported amounts of revenues                  and                  expenses during the reporting period. Actual results could differ                  from                  those estimates. |

----

**KONIGSBERG        CORPORATION**

**(An        Exploration Stage Company)**

**NOTES        TO CONSOLIDATED FINANCIAL STATEMENTS**

**SEPTEMBER        30, 2006**

**(Unaudited)**

**(Stated        in U.S. Dollars)**

| **4.**  | **MINERAL                  PROPERTIES**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|--------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| a)           | Nanaimo                  Properties                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|         |  Pursuant                  to a mineral property agreement dated November 3, 2004, the Company                  purchased a 100% undivided right, title and interest in four mineral                  claims in an area known as the Nanaimo Lakes claims in the Nanaimo                  Mining                  Division for a cash payment of US$3,500 (paid on November 4,                  2004).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|         |  On                  November 29, 2005, two of the Company’s four mineral claims in the Nanaimo                  Lakes Mining District were forfeit. The Company no longer holds                  title to                  these claims as of the forfeiture date.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|         | The                  remaining two claims expire on November 18, 2006 and December 10,                  2006,                  respectively.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| b)           | Yoquivo                  Properties                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|         |  On                  May 31, 2006, the Company entered into an option agreement with                  Sydney                  Resource Corporation ("Sydney"), whereby the Company was granted                  an option                  to acquire up to a 75% undivided right, title and interest in and                  to a                  series of six mineral concessions located in the State of Sonora,                  Mexico,                  and collectively referred to as the "Yoquivo Property". Pursuant                  to the                  agreement, the Company can exercise its option to acquire an initial                  50%                  interest (“the first option”) by completing the following: i)  Making                  a cash payment to Sydney in the amount of $25,000 within 5 days                  upon                   signing                  the letter of intent (paid); ii)  Making                  an additional cash payment to Sydney in the amount of $75,000 within                  30  days                  upon signing the letter of intent (paid); iii)  Making                  an additional cash payment to Sydney in the amount of $100,000                  within                  90  days                  upon signing the definitive agreement. iv)  Issued                  500,000 shares of the Company's common stock to Sydney within 30                  days  upon                  the signing of the letter of intent (issued); v)  Issued                  an additional 500,000 shares of the Company's common stock to Sydney                   within                  12 months upon the signing of the letter of intent (issued); vi)  Incurring                  $250,000 in cumulative exploration expenditures on the Property                  within                  6  months                  of the date of the agreement; vii)  Incurring                  an additional $350,000 in cumulative exploration expenditures on                  the                   Yoquivo                  Property within 12 months of the date of the agreement; viii)  Incurring                  an additional $400,000 in cumulative exploration expenditures on                  the                   Yoquivo                  Property within 24 months of the date of the agreement.   |

----

**KONIGSBERG        CORPORATION**

**(An        Exploration Stage Company)**

**NOTES        TO CONSOLIDATED FINANCIAL STATEMENTS**

**SEPTEMBER        30, 2006**

**(Unaudited)**

**(Stated        in U.S. Dollars)**

| **4.**  | **MINERAL                  PROPERTIES**(Continued)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|--------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  b)     |  Yoquivo                  Properties (Continued)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|         |   Upon                  the Company successfully exercising the first option, the Company                  will                  then be  granted                  a second option (“the second option”) to acquire an additional 25%                  interest in the Yoquivo  Property                  by completing the following: i)                  Within 60 days of having acquired the initial 50% interest, making                  a cash                  payment in  favour                  of Sydney of $250,000; ii)                  Within 60 days of having acquired the initial 50% interest, issuing                  a                  total of 1,000,000  shares                  of the Company's common stock to Sydney; iii)  Within                  24 months of having acquired the initial 50% interest, incurring                  an                   additional                  $1,500,000 in exploration expenditures on the Yoquivo                  Property. Should                  the Company successfully exercise the second option to acquire                  the                  additional  25%                  in the Yoquivo Property, Sydney shall have a one-time right, exercisable                  within 90 days of  the                  Company having vested at 75%, to back into a 50% interest in the                  Yoquivo                  Property by making                  a single cash payment to the Company. The cash payment will be                  equal to                  the greater  of: i)  Two                  times the Company's cumulative exploration expenditures incurred                  under                  the  terms                  of the second option, exclusive of acquisition payments; and ii)  Should                  the value of the Company's shares issued under the terms of the                  second  option                  exceed $1,500,000 on the date of exercise of the back in right,                  a total of                  two times  the                  Company's cumulative exploration expenditures incurred under the                  terms of                  the  second                  option, exclusive of acquisition payments, plus one-half of the                  amount                  by  which                  the value attributable to the Company's shares exceed                  $1,500,000. The                  Company shall have the additional right, exercisable within 7 days                  of                  receipt of notice  of                  Sydney's decision to exercise its back in right, to extinguish                  said right                  through the issuance  of                  an additional 1,000,000 shares of its common stock in Sydney's                  favour. |

----

**KONIGSBERG        CORPORATION**

**(An        Exploration Stage Company)**

**NOTES        TO CONSOLIDATED FINANCIAL STATEMENTS**

**SEPTEMBER        30, 2006**

**(Unaudited)**

**(Stated        in U.S. Dollars)**

| **5.**  | **SHARE                  CAPITAL**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|--------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|         | On                  April 21, 2006, the Company received $60,000 for 100,000 common                  shares at                  $0.60 per share.                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|         | On                  April 25, 2006, the Company consummated a 4:1 forward stock split.                  This                  increased the shares outstanding at that date from 19,400,000 to                  77,600,000. In conjunction with this split, the number of authorized                  shares was amended to allow the issue of 400,000,000 shares as                  opposed to                  the 100,000,000 originally authorized. All share amounts have been                  adjusted retroactively to reflect this forward stock                  split. |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|         | On                  April 28, 2006, the Company received $50,000 for 83,334 common                  shares at                  $0.60 per share.                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|         | On                  May 11, 2006, the Company issued 500,000 common shares at $1.00                  as                  mandated by the option agreement with the optioner for deemed value                  of                  $500,000.                                                                                                                                                                                                                                                                                                                                        |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|         | On                  July 21, 2006, the Company issued 21,000 common shares at $0.60                  as                  mandated by the option agreement with the optioner for deemed value                  of                  $12,600.                                                                                                                                                                                                                                                                                                                                         |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|         | On                  July 21, 2006, the Company issued 10,000 common shares at $0.60                  as                  mandated by the option agreement with the optioner for deemed value                  of                  $6,000.                                                                                                                                                                                                                                                                                                                                          |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|         | On                  July 7, 2006, the Company issued 417,000 common shares at $0.60                  as                  mandated by the option agreement with the optioner for deemed value                  of                  $250,200.                                                                                                                                                                                                                                                                                                                                        |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|         | On                  August 31, 2006 the Company issued 80,000 common shares at $0.60                  as                  mandated by the option agreement with the optioner for deemed value                  of                  $48,000.                                                                                                                                                                                                                                                                                                                                        |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|         | On                  September 12, 2006, the Company issued 500,000 common shares at                  $0.72 as                  mandated by the option agreement with the optioner for deemed value                  of                  $360,000.                                                                                                                                                                                                                                                                                                                                  |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|         | On                  October 11, 2006 the Company accepted a subscription for 345,834                  common                  shares at $0.60. Cash proceeds of $59,970, $114,965 and $32,565                  were                  received on September 5, 2006, September 19, 2006 and October 12,                  2006                  respectively.                                                                                                                                                                                                                        |

| **6.**  | **COMMITMENTS                  AND CONTRACTUAL OBLIGATIONS**                                                                                                                                                                                                   |
|--------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|         |  The                  Company has no significant commitments or contractual obligations                  with any                  parties respecting executive compensation, consulting arrangements                  or                  other matters. |

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| Name                                    |   | Title                No. |   | Concession                Type |
|-----------------------------------------|--------|--------------------------|--------|--------------------------------|
| El                Dollar                |   | 214876                   |   | Exploitation                   |
| La                Nina                  |   | 217475                   |   | Exploration                    |
| La                Restauradora          |   | 217476                   |   | Exploration                    |
| Dolores                                 |   | 216491                   |   | Exploration                    |
| San                Francisco de Yoquivo |   | 220851                   |   | Exploration                    |
| La                Copa                  |   | 223499                   |   | Exploration                    |

----

| NAME                OF MINERAL CLAIM |   | TENURE                NUMBER |   | EXPIRY                DATE       |
|--------------------------------------|--------|------------------------------|--------|----------------------------------|
| NANAIMO                LAKES 1&2 |   | 414834                       |   | November                18, 2006 |
| NANAIMO                LAKES 2       |   | 523693                       |   | December                10, 2006 |

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| Exhibit                No. | Description                                                                                                                                                              |
|----------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 3.1(1)                     | Articles                of Incorporation.                                                                                                                                |
|                       |                                                                                                                                                                     |
| 3.2(1)                     | Bylaws,                as amended.                                                                                                                                       |
|                       |                                                                                                                                                                     |
| 3.3(2)                     | Certificate                of Change Pursuant to NRS 78.209                                                                                                              |
|                       |                                                                                                                                                                     |
| 3.2(2)                     | Certificate                of Correction to the Company's Articles of                Incorporation                                                                       |
|                       |                                                                                                                                                                     |
| 10.1(3)                    | Stock                Purchase Agreement between Susan Downing and Adam                Cegielski                                                                          |
|                       |                                                                                                                                                                     |
| 10.2(4)                    | Option                Agreement with Sydney (which later merged with another entity and                is now                known as West Timmins Mining Inc.).         |
|                       |                                                                                                                                                                     |
| 31*                        | Chief                Executive Officer and Chief Financial Officer Certification pursuant                to                Section 302 of the Sarbanes-Oxley Act of 2002 |
|                       |                                                                                                                                                                     |
| 32*                        | Chief                Executive Officer and Chief Financial Officer Certification pursuant                to                Section 906 of the Sarbanes-Oxley Act of 2002 |
|                       |                                                                                                                                                                     |

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|                                   | KONIGSBERG                  CORPORATION    |
|----------------------------------------|--------------------------------------------|
|                                   |                                       |
| DATED:                  April 20, 2007 | By:                  /s/ Adam R. Cegielski |
|                                   | Adam                  R. Cegielski         |
|                                   | Chief                  Executive Officer   |

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