---

**UNITED STATESSECURITIES AND EXCHANGE COMMISSION**Washington, D.C. 20549

FORM 10-QSB

(Mark One)

x Quarterly Report
  Pursuant To Section 13 Or 15(d) Of The Securities Exchange Act Of 1934

For the quarterly period ended September 30,
2005

 ̈ Transition Report
  Under Section 13 Or 15(d) Of The Securities Exchange Act Of 1934

For the transition period ________ to  ________

COMMISSION FILE NUMBER000-51594

KONIGSBERG
CORPORATION(Exact name of small business issuer as specified
in its charter)

|NEVADA                                           | 98-0455906                             
|------------------------------------------------ | ---------------------------------------
|(State or other jurisdiction of incorporation or | (IRS
      Employer Identification No.)
|organization)                                    |                                        
|                                                 |                                        
|                                                 |                                        
|435 Martin Street, Suite 3220                    |                                        
|Blaine, WA 98230                                 | (360) 332-3462                         
|(Address of principal executive offices)         | Issuer's telephone number              

Not Applicable(Former name, former address and
former fiscal year, if changed since last report)

Check whether the issuer (1) filed all reports required to be
  filed by Section 13 or 15(d) of the 
  Exchange Act during the past twelve months (or for such shorter period that
  the registrant was 
  required to file such reports), and (2) has been subject to such filing requirements
  for the past 90 
  days. Yes xNo  ̈

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

State the number of shares outstanding of each of the issuer's
classes of common equity, as of the latest practicable date: As of
December 5, 2005, the Issuer had19,400,000Shares of Common
Stock outstanding.

Transitional Small Business Disclosure Format (check one): Yes
   ̈ No x

1

---

PART I - FINANCIAL INFORMATION

ITEM
1.               
FINANCIAL STATEMENTS.

The accompanying unaudited financial statements have been
prepared in accordance with the instructions to Form 10-QSB and Item 310(b) of
Regulation S-B, and, therefore, do not include all information and footnotes
necessary for a complete presentation of financial position, results of
operations, cash flows, and stockholders' equity in conformity with generally
accepted accounting principles. In the opinion of management, all adjustments
considered necessary for a fair presentation of the results of operations and
financial position have been included and all such adjustments are of a normal
recurring nature. Operating results for the six months ended September 30, 2005
are not necessarily indicative of the results that can be expected for the year
ending March 31, 2006.

As used in this Quarterly Report, the terms "we", "us", "our",
  and Konigsberg mean Konigsberg Corporation and its subsidiaries,
  unless otherwise indicated. All dollar amounts in this Quarterly Report are
  in U.S. dollars unless otherwise stated.

2

---





KONIGSBERG CORPORATION(An Exploration Stage Company)

SECOND QUARTER CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2005(Unaudited) 
  (Stated in U.S. Dollars)

F-1

---

KONIGSBERG CORPORATION(An Exploration Stage Company)

CONSOLIDATED BALANCE SHEETS(Stated in U.S. Dollars)

|                                                       |   | SEPTEMBER 30 |   |   | MARCH 31  |  
|------------------------------------------------------ | - | ------------ | - | - | --------- | -
|                                                       |   | 2005         |   |   | 2005      |  
|                                                       |   | (Unaudited)  |   |   | (Audited) |  
|                                                       |   |              |   |   |           |  
|ASSETS                                                 |   |              |   |   |           |  
|                                                       |   |              |   |   |           |  
|Current                                                |   |              |   |   |           |  
|Cash                                                   | $ | 70,948       |   | $ | 84,893    |  
|Prepaid
      expenses                                 |   | 245          |   |   | 4,301     |  
|                                                       |   |              |   |   |           |  
|                                                       | $ | 71,193       |   | $ | 89,194    |  
|                                                       |   |              |   |   |           |  
|LIABILITIES                                            |   |              |   |   |           |  
|                                                       |   |              |   |   |           |  
|Current                                                |   |              |   |   |           |  
|Accounts payable and accrued
      liabilities         | $ | 6,258        |   | $ | 2,508     |  
|                                                       |   |              |   |   |           |  
|STOCKHOLDERS EQUITY                                   |   |              |   |   |           |  
|                                                       |   |              |   |   |           |  
|Share Capital(Note 5)                                  |   |              |   |   |           |  
|Authorized:                                            |   |              |   |   |           |  
|100,000,000 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:                          |   |              |   |   |           |  
|19,400,000 shares at September 30, 2005 and            |   |              |   |   |           |  
|18,800,000 shares at March 31,
      2005              |   | 19,400       |   |   | 18,800    |  
|                                                       |   |              |   |   |           |  
|Additional Paid-In Capital                             |   | 84,600       |   |   | 79,200    |  
|                                                       |   |              |   |   |           |  
|Deficit Accumulated During The Exploration
      Stage |   | (39,065      | ) |   | (11,314   | )
|                                                       |   | 64,935       |   |   | 86,686    |  
|                                                       |   |              |   |   |           |  
|                                                       | $ | 71,193       |   | $ | 89,194    |  

The accompanying notes are an integral part of these financial
  statements.
  F-2

---

KONIGSBERG CORPORATION(An Exploration Stage Company)

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) 
  (Stated in U.S. Dollars)

|                                              |   |              |   |   |              |   |   | CUMULATIVE   |  
|--------------------------------------------- | - | ------------ | - | - | ------------ | - | - | ------------ | -
|                                              |   |              |   |   |              |   |   | PERIOD FROM  |  
|                                              |   | THREE        |   |   | SIX          |   |   | INCEPTION    |  
|                                              |   | MONTHS       |   |   | MONTHS       |   |   | NOVEMBER 3   |  
|                                              |   | ENDED        |   |   | ENDED        |   |   | 2004 TO      |  
|                                              |   | SEPTEMBER 30 |   |   | SEPTEMBER 30 |   |   | SEPTEMBER 30 |  
|                                              |   | 2005         |   |   | 2005         |   |   | 2005         |  
|                                              |   |              |   |   |              |   |   |              |  
|Revenue                                       | $ | -            |   | $ | -            |   | $ | -            |  
|                                              |   |              |   |   |              |   |   |              |  
|Expenses                                      |   |              |   |   |              |   |   |              |  
|Mineral property exploration
      expense    |   | 3,000        |   |   | 5,000        |   |   | 5,000        |  
|Office and
      sundry                       |   | 2,996        |   |   | 4,075        |   |   | 5,049        |  
|Professional fees                             |   | 8,380        |   |   | 19,256       |   |   | 26,096       |  
|Write down
      of mineral property interest |   | -            |   |   | -            |   |   | 3,500        |  
|Gain on foreign exchange                      |   | (531         | ) |   | (580         | ) |   | (580         | )
|                                              |   |              |   |   |              |   |   |              |  
|Net Loss For The Period                       |   | 13,845       |   | $ | 27,751       |   | $ | 39,065       |  
|                                              |   |              |   |   |              |   |   |              |  
|                                              |   |              |   |   |              |   |   |              |  
|Basic And Diluted Loss Per Share              | $ | (0.00        | ) | $ | (0.00        | ) |   |              |  
|                                              |   |              |   |   |              |   |   |              |  
|                                              |   |              |   |   |              |   |   |              |  
|Weighted Average Number Of Common             |   |              |   |   |              |   |   |              |  
|Shares Outstanding                            |   | 19,400,000   |   |   | 19,350,825   |   |   |              |  

Prior period comparative figures are not applicable because the
  Company was incorporated on November 3, 2004.

The accompanying notes are an integral part of these financial
  statements.

F-3

---

KONIGSBERG CORPORATION(An Exploration Stage Company)

CONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited) 
  (Stated in U.S. Dollars)

|                                             |   |              |   |   |              |   |   | CUMULATIVE   |  
|-------------------------------------------- | - | ------------ | - | - | ------------ | - | - | ------------ | -
|                                             |   |              |   |   |              |   |   | PERIOD FROM  |  
|                                             |   | THREE        |   |   | SIX          |   |   | INCEPTION    |  
|                                             |   | MONTHS       |   |   | MONTHS       |   |   | NOVEMBER 3   |  
|                                             |   | ENDED        |   |   | ENDED        |   |   | 2004 TO      |  
|                                             |   | SEPTEMBER 30 |   |   | SEPTEMBER 30 |   |   | SEPTEMBER 30 |  
|                                             |   | 2005         |   |   | 2005         |   |   | 2005         |  
|                                             |   |              |   |   |              |   |   |              |  
|Cash Flows From Operating Activities         |   |              |   |   |              |   |   |              |  
|Net loss for the period                      | $ | (13,845      | ) | $ | (27,751      | ) | $ | (39,065      | )
|Item not
      affecting cash:               |   |              |   |   |              |   |   |              |  
|Write down of mineral property               |   |              |   |   |              |   |   |              |  
|interest                                     |   | -            |   |   | -            |   |   | 3,500        |  
|                                             |   |              |   |   |              |   |   |              |  
|Changes in
      non-cash working capital    |   |              |   |   |              |   |   |              |  
|items:                                       |   |              |   |   |              |   |   |              |  
|Accounts payable and accrued                 |   |              |   |   |              |   |   |              |  
|liabilities                                  |   | 4,508        |   |   | 3,750        |   |   | 6,258        |  
|Prepaid expenses                             |   | 3,000        |   |   | 4,056        |   |   | (245         | )
|                                             |   | (6,337       | ) |   | (19,945      | ) |   | (29,552      | )
|                                             |   |              |   |   |              |   |   |              |  
|Cash Flows From Financing Activity           |   |              |   |   |              |   |   |              |  
|Share capital
      issued                   |   | -            |   |   | 6,000        |   |   | 104,000      |  
|                                             |   |              |   |   |              |   |   |              |  
|Cash Flows From Investing Activity           |   |              |   |   |              |   |   |              |  
|Additions to mineral property
      interest |   | -            |   |   | -            |   |   | (3,500       | )
|                                             |   |              |   |   |              |   |   |              |  
|(Decrease) Increase In Cash                  |   | (6,337       | ) |   | (13,945      | ) |   | 70,948       |  
|                                             |   |              |   |   |              |   |   |              |  
|Cash, Beginning Of Period                    |   | 77,285       |   |   | 84,893       |   |   | -            |  
|                                             |   |              |   |   |              |   |   |              |  
|Cash, End Of Period                          | $ | 70,948       |   | $ | 70,948       |   | $ | 70,948       |  

Prior period comparative figures are not applicable because the
  Company was incorporated on November 3, 2004.

The accompanying notes are an integral part of these financial
  statements.

F-4

---

KONIGSBERG CORPORATION(An Exploration Stage Company)

CONSOLIDATED STATEMENT OF STOCKHOLDERS EQUITY

PERIOD FROM NOVEMBER 3, 2004 (INCEPTION) TO SEPTEMBER 30, 2005(Unaudited) 
  (Stated in U.S. Dollars)

DEFICITCOMMON STOCK
      
      
      ACCUMULATEDADDITIONAL
      
      
      DURING THEPAID-IN
      
      
      EXPLORATIONSHARES
      
      
      AMOUNT
      
      
      CAPITAL
      
      
      STAGE
      
      
      TOTALBalance, November 3, 2004(Date of inception)
      
      -
      
      $
      -
      
      $
      -
      
      $
      -
      
      $
      -Shares issued for cash:November
        3, 2004 at$0.001
      
      10,000,000
      
      
      10,000
      
      
      -
      
      
      -
      
      
      10,000February
        28, 2005 at$0.01
      
      8,800,000
      
      
      8,800
      
      
      79,200
      
      
      -
      
      
      88,000Net loss for the period
      
      -
      
      
      -
      
      
      -
      
      
      (11,314
      )
      
      (11,314
      )Balance, March 31, 2005
      
      18,800,000
      
      
      18,800
      
      
      79,200
      
      
      (11,314
      )
      
      86,686Shares issued for cash:April 14, 2005 at $0.01
      
      600,000
      
      
      600
      
      
      5,400
      
      
      -
      
      
      6,000Net loss for the period
      
      -
      
      
      -
      
      
      -
      
      
      (27,751
      )
      
      (27,751
      )Balance, September 30, 2005
      
      19,400,000
      
      $
      19,400
      
      $
      84,600
      
      $
      (39,065
      )
      $
      64,935


The accompanying notes are an integral part of these financial
  statements.

F-5

---

KONIGSBERG CORPORATION(An Exploration Stage Company)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2005(Unaudited) 
  (Stated in U.S. Dollars)

|1. | BASIS OF PRESENTATION                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|-- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|   | The unaudited financial information furnished herein
        reflects all adjustments which, in the opinion of management, are necessary
        to fairly state the Companys financial position and the results
        of its operations for the periods presented. These second quarter financial
        statements should be read in conjunction with the Companys financial
        statements and notes thereto included in the Companys Form SB-2
        for the fiscal year ended March 31, 2005. The Company assumes that the
        users of the interim financial information herein have read, or have access
        to, the audited 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 SB-2 for the fiscal year ended March 31, 2005, has been omitted.
        The results of operations for the six month period ended September 30,
        2005 are not necessarily indicative of results for the entire year ending
        March 31, 2006.
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|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 financial statements have been prepared on a going
        concern basis. The Company has incurred losses since inception resulting
        in an accumulated deficit of $39,065 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 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.                                                                                            

F-6

---

KONIGSBERG CORPORATION(An Exploration Stage Company)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2005(Unaudited) 
  (Stated in U.S. Dollars)

|3. | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|-- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|   | The 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 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)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|   | b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|   | c)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  

F-7

---

KONIGSBERG CORPORATION(An Exploration Stage Company)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2005(Unaudited) 
  (Stated in U.S. Dollars)

|4. | MINERAL PROPERTY                                                                                                                                                                                                                                                                                                               
|-- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                
|   | 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).
|   |                                                                                                                                                                                                                                                                                                                                
|5. | SHARE CAPITAL                                                                                                                                                                                                                                                                                                                  
|   |                                                                                                                                                                                                                                                                                                                                
|   | On November 3, 2004, the Company issued 10,000,000 common
        shares at $0.001 for total cash proceeds of $10,000 to an officer and
        director of the Company.                                                                                                                                                       
|   |                                                                                                                                                                                                                                                                                                                                
|   | On February 28, 2005, the Company issued 8,800,000 common
        shares at $0.01 for total cash proceeds of $88,000.                                                                                                                                                                                                          
|   |                                                                                                                                                                                                                                                                                                                                
|   | On April 14, 2005, the Company issued 600,000 common
        shares at $0.01 for total cash proceeds of $6,000.                                                                                                                                                                                                                
|   |                                                                                                                                                                                                                                                                                                                                
|   | At September 30, 2005, there were no outstanding stock
        options or warrants.                                                                                                                                                                                                                                            
|   |                                                                                                                                                                                                                                                                                                                                
|6. | SUBSEQUENT EVENT
      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.                                                                                          

F-8

---

ITEM
2.               
MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.

Cautionary Statement Regarding Forward-Looking
Statements

Certain statements contained in this Quarterly Report
constitute "forward-looking statements". These statements, identified by words
such as plan, "anticipate", "believe", "estimate", "should", "expect" and
similar expressions include our expectations and objectives regarding our future
financial position, operating results and business strategy. These statements
reflect the current views of management with respect to future events and are
subject to risks, uncertainties and other factors that may cause our actual
results, performance or achievements, or industry results, to be materially
different from those described in the forward-looking statements. Such risks and
uncertainties include those set forth under the caption "Management's Discussion
and Analysis or Plan of Operation" and elsewhere in this Quarterly Report. We
advise you to carefully review the reports and documents we file from time to
time with the United States Securities and Exchange Commission (the SEC),
particularly our Annual Reports on Form 10-KSB and our Current Reports on Form
8-K.

Overview

We are an exploration stage company engaged in the acquisition
  and exploration of mineral properties. We acquired a 100% undivided interest
  in two mineral claims known as the "Nanaimo Lake Claims,” comprised
  of a four unit grid claim block totaling 100 hectares located nine miles southeast
  of the town of Nanaimo, British Columbia between the two Nanaimo Lakes located
  on Vancouver Island, British Columbia. Title to our mineral claims is held by
  our wholly owned subsidiary, Konigsberg Explorations Inc., the registered owner
  of the Nanaimo Lake Claims. Our plan of operation is to conduct mineral exploration
  activities on the Nanaimo Lake Claims in order to assess whether they possess
  mineral deposits of copper, silver, molybdenum and gold capable of commercial
  extraction.

We have not earned any revenues to date. We do not anticipate
earning revenues until such time as we enter into commercial production of our
mineral properties. We are presently in the exploration stage of our business
and we can provide no assurance that we will discover commercially exploitable
levels of mineral resources on our properties, or if such deposits are
discovered, that we will enter into further substantial exploration programs.

Acquisition of the Nanaimo Lake Claims

Our wholly owned subsidiary Konigsberg Explorations Inc., a British
  Columbia company, entered into an arms-length purchase agreement dated November
  3, 2004 with Patricia L. Shore, pursuant to which our subsidiary acquired a
  100% interest in the Nanaimo Lake Claims for cash consideration of $3,500. Ms.
  Shore subsequently executed a bill of sale on November 3, 2004, transferring
  all of Ms. Shore’s interest in the Nanaimo Lakes 1 and Nanaimo Lakes 2
  claims to us. Following the completion of Phase I of our exploration program,
  Ms. Shore executed a bill of sale on June 1, 2005 transferring to us all of
  Ms. Shore’s interest in two additional claims “Moly 1” and
  “Moly II” which were staked by Ms. Shore on our behalf. The Moly
  1 and Moly II claims were subsequently forfeited on November 29, 2005 after
  our phase II exploration program revealed poor assay results for the claims.

Description of Property and Location of Nanaimo Lake Mineral
Claims

The Nanaimo Lake Claims property is comprised of two mineral
  claims with a total area of approximately 100 hectares, located nine miles southeast
  of the town of Nanaimo, British Columbia between the two Nanaimo Lakes located
  on Vancouver Island, British Columbia.

3

---

Recommendations of Geological Report and the Geological
Exploration Program

We engaged W.G. Timmins, P.Eng., to prepare a geological
evaluation report on the Nanaimo Lake Claims. Mr. Timmins is a consulting
professional engineer in the Geological Section of the Association of
Professional Engineers and Geoscientists of the Province of British Columbia,
Canada. Mr. Timmins attended the Provincial Institute of Mining, Haileybury,
Ontario in 1956 and attended Michigan Technological University from 1962-1965,
and has been licensed as a professional engineer by the Professional Engineers
Association of B.C. since 1969.

The work completed by Mr. Timmins in preparing the geological
report consisted of the review of geological data from previous exploration. The
acquisition of this data involved the research and investigation of historic
files to locate and retrieve data information acquired by previous exploration
companies in the area of the mineral claims. The work involved in this data
acquisition included report reproduction and compilation of pre-existing
information.

We received the geological evaluation report on the Nanaimo
Lake Claims entitled "Report on the Nanaimo Lakes Property" prepared by Mr.
Timmins on November 20, 2004. The geological report summarizes the results of
the history of the exploration of the mineral claims, the regional and local
geology of the mineral claims and the mineralization and the geological
formations identified as a result of the prior exploration. The geological
report also gives conclusions regarding potential mineralization of the mineral
claims and recommends a further geological exploration program on the mineral
claims.

Phase I of our exploration program was completed in early May,
  2005 and we received a report on Phase I from our consulting geologist containing
  his conclusions on the results of Phase I on May 25, 2005. The Phase I exploratory
  program was conducted over a period of three days and consisted of confirmation
  of past results by blast trenching and sampling and relocation of mineralized
  zones and structural features. The second phase consisting of compilation and
  correlation of all data and reconnaissance soil geochemical sampling and geological
  mapping was completed in December 2005. We are presently awaiting the final
  report on the results of Phase II.

The phased program of exploration activities is intended to
generate and prioritize targets to test by trenching or drilling. The initial
exploration activities on the Nanaimo Lake Claims (grid establishment,
geological mapping, soil sampling, staking of additional claims) do not involve
ground disturbance and as a result do not require a work permit. Any follow-up
trenching and/or drilling will require permits, applications which are expected
to be submitted well in advance of the planned work.

Our cash on hand as of September 30, 2005 is $70,948. We will
require additional financing in order to proceed with any additional work beyond
Phase II of our exploration program. We presently do not have any arrangements
for additional financing for exploration work beyond Phase II of our exploration
program, and no potential lines of credit or sources of financing are currently
available for the purpose of proceeding with exploration work beyond Phase II of
our exploration program.

The geological review and interpretations required in Phase II
of the exploration program were comprised of reviewing the data acquired and
analyzing this data to assess the potential mineralization of the mineral
claims. Geological review entails the geological study of an area to determine
the geological characteristics, identification of rock types and any obvious
indications of mineralization. The purpose of undertaking the geological review
is to determine if there is

4

---

sufficient indication of mineralization to warrant additional
exploration. Positive results at each stage of the exploration program would be
required to justify continuing with the next stage. Such positive results would
include the identification of the zones of mineralization.

Current State of Exploration

We have only recently commenced exploration of the Nanaimo Lake
Claims and this exploration is currently in the preliminary stages. Our planned
exploration program is exploratory in nature and no mineral reserves may ever be
found.

The results of the November 20, 2004 geological report on the
  Nanaimo Lake Claims prepared by our geological consultant, Mr. Timmins, concluded
  that the claims occur in a favorable geological environment for the occurrence
  of gold-silver-copper-molybdenum mineralization. Molybdenum mineralization is
  known to occur in proximity and to the north of our property. The report suggested
  that we proceed with the three phase exploration program outlined above and
  acquire additional claims to the north of the Nanaimo Lake Claims property to
  cover the known molybdenite showings.

Phase I- Exploration Program

Phase I of our exploration program was completed in early May,
  2005. We received a report on Phase I of our exploration program on May 25,
  2005. The Phase I exploratory program was conducted over a period of three days
  and consisted of confirmation of past results by blast trenching and sampling
  and relocation of mineralized zones and structural features. We received a report
  on Phase I from our consulting geologist on October 29, 2004. Two additional
  mineral claims adjoining the Nanaimo Lake 1 and 2 claims were staked on our
  behalf and were recorded as the Moly I and Moly II claims. Pursuant to the Phase
  I report, relocation of the showings on the Nanaimo Lake Claims was difficult
  due to thick new growth of vegetation and underbrush; however, one pit containing
  strong quartz vein six feet in width was sampled revealing the following results:

Sample No.
    Type
    Copper
      %
    Au
      Oz/tonNL 1
    Grab
    0.19
    <0.06NL 2
    Grab
    0.04
    <0.06NL 3
    Grab
    0.19
    <0.06NL 4
    Grab
    0.01
    <0.06NL 5
    Grab
    Trace
    <0.06


The Phase I report indicated the presence of copper and low gold
  values with minor silver credits. The report recommended that additional prospecting
  be carried out in order to locate the other known reported showings on the Nanaimo
  Lake Claims, as well as further trenching and sampling of the quartz vein structure
  as part of Phase II of our planned exploration program.

Phase II- Exploration Program

The second phase of our exploration program was completed in
  December, 2005 and we expect to receive a final report on the results of Phase
  II from our geologist in early 2006. Based on the preliminary assay results
  on the Moly 1 and Moly II claims, we determined to forfeit our interest in these
  claims. Also, based on the preliminary results of Phase II, our geologist recommended
  that the Nanaimo Lakes Claims be extended to include an additional 125 hectare
  area surrounding the Western and Southern portion of the Nanaimo Lakes Claims.
  We have determined to proceed with our geologist’s recommendation to acquire
  the additional area and expect to complete the acquisition by January, 2006.

5

---

PLAN OF OPERATION

Our plan of operation is to conduct mineral exploration activities
  on the Nanaimo Lake Claims in order to assess whether the claims possess mineral
  reserves capable of commercial extraction. Our exploration program is designed
  to explore for commercially viable deposits of copper, silver, molybdenum and
  gold mineralization. We have not, nor has any predecessor, identified any commercially
  exploitable reserves of these minerals on our mineral claims.

We received the geological evaluation report on the Nanaimo
Lake Claims entitled "Report on the Nanaimo Lakes Property" prepared by Mr.
Timmins on November 20, 2004. The geological report summarizes the results of
the history of the exploration of the mineral claims, the regional and local
geology of the mineral claims and the mineralization and the geological
formations identified as a result of the prior exploration.

In his geological report, Mr. Timmins, recommended that a three
phase exploration program, at an approximate cost of $80,000, be undertaken on
the property to assess its potential to host copper, silver, molybdenum and gold
mineralization. The three phase program consists of the following:

Phase
      Exploration
        Program
      Cost
      StatusI
      1.  Staking and recording additional mineral claims. 
          
        2.  Location and sampling of showing
             (pits and trenches). 
          
        3.  Transportation, room and board.
      $1,500
          
        $2,500
          
        $1,000
      Phase I Completed.II
      1.  Trenching and sampling. 
          
        2.  Geological mapping. 
          
        3.  E.M. and magnetometer surveys. 
          
        4.  Transportation, analyses, room and board.
      $1,000 
          
        $1,500 
          
        $5,000 
          
        $2,500
      Phase II Completed in December, 2005.III
      1.  Diamond drilling, est. 2000 feet @ $25 per foot. 
          
        2.  Logging, sampling, analyses. 
          
        3.  Transportation, room and board, miscellaneous costs.
      $50,000 
          
        $10,000 
          
        $5,000
      To be completed in  2006 based on  results of Phase II.TOTAL
      
      $80,000


Phase I of our exploration program was completed in early May,
  2005 and we received a report on Phase I from our consulting geologist containing
  his conclusions on the results of Phase I on May 25, 2005. The Phase I exploratory
  program was conducted over a period of three days and consisted of confirmation
  of past results by blast trenching and sampling and relocation of mineralized
  zones and structural features. The second phase consisting of compilation and
  correlation of all data and reconnaissance soil geochemical sampling and geological
  mapping was completed in December, 2005, and we are presently awaiting a final
  report on the results of Phase II.

6

---

We completed Phase II of the exploration of our Nanaimo Lake
  Claims in December 2005. We are presently awaiting the final geologist report
  on the results of Phase II of our exploration program. We will require additional
  financing in order to proceed with any additional work beyond Phase II of our
  exploration program. We presently do not have any arrangements for additional
  financing for exploration work beyond Phase II of our exploration program, and
  no potential lines of credit or sources of financing are currently available
  for the purpose of proceeding with exploration work beyond Phase II of our exploration
  program.

A decision on proceeding beyond the planned Phase II
explorations will be made by assessing whether the results of Phase II are
sufficiently positive to enable us to obtain the financing we will need for us
to continue through additional stages of the exploration program. This
assessment will include an assessment of the market for financing of mineral
exploration projects at the time of our assessment and an evaluation of our cash
reserves after the completion of Phase II. The decision whether or not to
proceed will be based on the recommendations of our geological consultant. The
decision of the consultant whether or not to recommend proceeding will be based
on a number of factors, including his subjective judgment and will depend
primarily on the results of the immediately preceding stage.

During this exploration stage, our sole officer and director
will only be devoting approximately six to eight hours per week of her time to
our business. We do not foresee this limited involvement as negatively impacting
our company over the next twelve months as all exploratory work has been and
will continue to be performed by outside consultants. Additionally, we will not
have a need to hire any employees over the next twelve months; nor do we plan to
make any purchases of equipment over the next twelve months due to reliance upon
outside consultants to provide all tools needed for the exploratory work being
conducted.

We anticipate that we will incur over the next twelve months
the following expenses:

Category
    Planned Expenditures Over The Next 12 Months
      (US$)Legal and Accounting Fees
    $10,000Office Expenses
    $3,000Mineral Property Exploration Expenses
    $10,000TOTAL
    $23,000


Our total expenditures over the next twelve months are
anticipated to be approximately $23,000. Our cash on hand as of September 30,
2005 is $70,948. We have sufficient cash on hand to pay the costs of Phase II of
our proposed exploration program and to fund our operations for the next twelve
months. However, we will require additional financing in order to proceed with
any additional work beyond Phase II of our exploration program.

Future Financings

We anticipate continuing to rely on equity sales of our common
stock in order to continue to fund our business operations. Issuances of
additional shares will result in dilution to our existing stockholders. There is
no assurance that we will achieve any additional sales of our equity securities
or arrange for debt or other financing to fund our planned business activities.

We presently do not have any arrangements for additional
financing for exploration work beyond Phase II of our exploration program, and
no potential lines of credit or sources of financing are currently available for
the purpose of proceeding with exploration work beyond Phase II of our
exploration program.

7

---

REVENUE

Our plan of operation is to conduct mineral exploration
activities on the Nanaimo Lake Claims in order to assess whether they possess
mineral deposits of copper, silver, molybdenum and gold capable of commercial
extraction.

We have not earned any revenues to date. We do not anticipate
earning revenues until such time as we enter into commercial production of our
mineral properties. We are presently in the exploration stage of our business
and we can provide no assurance that we will discover commercially exploitable
levels of mineral resources on our properties, or if such deposits are
discovered, that we will enter into further substantial exploration programs.

LIQUIDITY AND CAPITAL RESOURCES

|Working
      Capital     |                             |                         |           
|------------------------- | --------------------------- | ----------------------- | ----------
|                          |                             |                         | Percentage
|                          |                             |                         | Increase /
|                          | At
      September 30, 2005 | At
      March 31, 2005 | (Decrease)
|Current Assets            | $71,193                     | $89,194                 | (20.2)%   
|Current
      Liabilities | 6,258                       | 2,508                   | 149.5%    
|Working Capital           | $64,935                     | $86,686                 | (25)%     

|Cash Flows                                           |                    |                   
|---------------------------------------------------- | ------------------ | ------------------
|                                                     | Six Months Ended   | From Inception to 
|                                                     | September 30, 2005 | September 30, 2005
|Cash Flows From (Used In) Operating Activities       | $(19,945)          | $(29,552)         
|Cash
      Flows From (Used In) Investing Activities | -                  | (3,500)           
|Cash Flows From (Used In)
      Financing Activities | 6,000              | 104,000           
|Net Increase (Decrease) In Cash During Period        | $(13,945)          | $70,948           

The decreases in our working capital surplus at September 30,
2005 from March 31, 2005, and the increases in our cash used during the six
month period ended September 30, 2005, from the comparable period from inception
(November 3, 2004) to March 31, 2005 are primarily a result of the increase in
our professional fees related to the professional fees paid in connection with
preparing and filing our Registration Statement on Form SB-2 and the amendments
thereto and from the fact that we had no revenue or sources of financing during
the three month period ended September 30, 2005.

As of September 30, 2005, we had cash on hand of $70,948. Since
our inception, we have used our common stock to raise money for our operations
and for our property acquisitions. We have not attained profitable operations
and are dependent upon obtaining financing to pursue our plan of operation. For
these reasons, our auditors stated in their report to our audited financial
statements for the period ended March 31, 2005, that there is substantial doubt
that we will be able to continue as a going concern.

8

---

Future Financing

We anticipate continuing to rely on equity sales of our common
stock in order to continue to fund our business operations. Issuances of
additional shares will result in dilution to our existing stockholders. There is
no assurance that we will achieve any additional sales of our equity securities
or arrange for debt or other financing to fund our planned business activities.

We presently do not have any arrangements for additional
financing for exploration work beyond Phase II of our exploration program, and
no potential lines of credit or sources of financing are currently available for
the purpose of proceeding with exploration work beyond Phase II of our
exploration program.

OFF-BALANCE SHEET ARRANGEMENTS

We have no significant off-balance sheet arrangements that have
or are reasonably likely to have a current or future effect on our financial
condition, changes in financial condition, revenues or expenses, results of
operations, liquidity, capital expenditures or capital resources.

CRITICAL ACCOUNTING POLICIES

The consolidated financial statements presented with this Quarterly
  Report on Form 10-QSB have been prepared in accordance with generally accepted
  accounting principles in the United States of America for interim financial
  information. These financial statements do not include all information and footnote
  disclosures required for an annual set of financial statements prepared under
  United States generally accepted accounting principles. In the opinion of our
  management, all adjustments (consisting solely of normal recurring accruals)
  considered necessary for a fair presentation of the financial position, results
  of operations and cash flows as at September 30, 2005 and for all periods presented
  in the attached financial statements, have been included. Interim results for
  the three month and six month period ended September 30, 2005 are not necessarily
  indicative of the results that may be expected for the fiscal year as a whole.

We have identified certain accounting policies, described
below, that are most important to the portrayal of our current financial
condition and results of operations. Our significant accounting policies are
disclosed in the notes to our interim financial statements for the period ended
September 30, 2005.

|a) | Consolidation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|-- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|   | The accompanying consolidated financial statements include
        the accounts of Konigsberg’s wholly owned British Columbia subsidiary,
        Konigsberg Explorations Inc.                                                                                                                                                                                                                                                                                                                                                                                                                  
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|b) | Mineral Properties and Exploration Expenditures                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|   | Konigsberg records its interest in mineral properties
        at cost. Konigsberg expenses all costs incurred on mineral properties
        to which it has secured exploration rights, other than acquisition costs,
        prior to the establishment of proven and probable reserves. 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. Konigsberg
        regularly performs evaluations of its

9

---

|   | 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, utilizing
      established guidelines based upon discounted future net cash flows from
      the asset or upon the determination that certain exploration properties
      do not have sufficient potential for economic mineralization. To date, Konigsberg
      has not established the commercial feasibility of its exploration prospects.
      Therefore, all costs have been expensed.
|-- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|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 accompanying
      financial statements and the reported amounts of revenues and expenses during
      the reporting period. Actual results could differ from those estimates.                                                                                                                                                                                                    

RISKS AND UNCERTAINTIES

If we do not obtain additional financing, our business will
fail.

Our current operating funds are sufficient to complete the proposed
  exploration program; however, they will be insufficient to complete the full
  exploration of the mineral claims and begin mining efforts should the mineral
  claims prove to contain mineral reserves. Therefore, we will need to obtain
  additional financing in order to complete our full business plan. As of September
  30, 2005, we had cash in the amount of $70,948. We currently do not have any
  income. Our plan of operation calls for significant expenses in connection with
  the exploration of our mineral claims. We will need additional financing to
  proceed past Phase II of our exploration program. We may also require additional
  financing if the costs of the exploration of our mineral claims are greater
  than anticipated. We may also require additional financing to sustain our business
  operations if we are not successful in earning revenues. We currently do not
  have any arrangements for financing and we may not be able to obtain financing
  when required. Obtaining additional financing would be subject to a number of
  factors, including positive results from our Phase II exploration program and
  any unanticipated problems relating to our mineral exploration including environmental
  assessments and additional costs and expenses that may exceed our current estimates.
  These factors may make the timing, amount, terms or conditions of additional
  financing unavailable to us in which case our business will fail.

We have yet to attain profitable operations and because we
will need additional financing to fund our exploration activities, our
accountants believe there is substantial doubt about our ability to continue as
a going concern.

We have incurred a net loss of $39,065 for the period from
November 3, 2004 (inception) to September 30, 2005, and have no revenues to
date. Our future is dependent upon our ability to obtain financing and upon
future profitable operations from the development of our mineral claims. These
factors raise substantial doubt that we will be able to continue as a going
concern. Telford & Sadovnick, P.L.L.C., our independent auditors, have
expressed substantial doubt about our

10

---

ability to continue as a going concern given our recurring
losses from operations, which are described in the first risk factor above. This
opinion could materially limit our ability to raise additional funds by issuing
new debt or equity securities or otherwise. If we fail to raise sufficient
capital, we will not be able to implement our exploration program which requires
significant funding past the second phase, as a result we may have to liquidate
our business and stockholders may lose their investment. Investors should
consider our auditor's comments when determining if an investment in Konigsberg
is suitable.

Because of the unique difficulties and uncertainties
inherent in mineral exploration ventures, we face a high risk of business
failure.

Stockholders should be aware of the difficulties normally
encountered by new mineral exploration companies and the high rate of failure of
such enterprises. The likelihood of success must be considered in light of the
problems, expenses, difficulties, complications and delays encountered in
connection with the exploration of the mineral properties that we plan to
undertake. These potential problems include, but are not limited to,
unanticipated problems relating to exploration, and additional costs and
expenses that may exceed current estimates. Our Nanaimo Lakes Claims do not
contain a known body of commercial ore and, therefore, any program conducted on
the Nanaimo Lakes Claims would be an exploratory search of ore. There is no
certainty that any expenditures made in the exploration of the Nanaimo Lakes
Claims will result in discoveries of commercial quantities of ore. Most
exploration projects do not result in the discovery of commercially mineable
deposits of ore. Problems such as unusual or unexpected formations and other
conditions are involved in mineral exploration and often result in unsuccessful
exploration efforts. If the results of Phase II of our exploration program do
not reveal viable commercial mineralization, we may decide to abandon our claim
and acquire new claims for new exploration. The acquisition of additional claims
will be dependent upon our possessing capital resources at the time in order to
purchase such claims. If no funding is available, we may be forced to abandon
our operations.

We have no known mineral reserves and if we cannot find any,
we will have to cease operations.

We have no mineral reserves. If we do not find a mineral
reserve containing gold, copper, molybdenum or silver or if we cannot explore
the mineral reserve, either because we do not have the money to do it or because
it will not be economically feasible to do it, we will have to cease operations
and stockholders will lose their investment. Mineral exploration, particularly
for gold, is highly speculative. It involves many risks and is often
non-productive. Even if we are able to find mineral reserves on our property our
production capability is subject to further risks including:

|- | Costs of bringing the property into production including
      exploration work, preparation of production feasibility studies, and
      construction of production facilities, all of which we have not budgeted
      for;
|- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|
|
|- | Availability and costs of financing;                                                                                                                                                                                         
|- | Ongoing costs of production; and                                                                                                                                                                                             
|- | Environmental compliance regulations and restraints.                                                                                                                                                                         

The marketability of any minerals acquired or discovered may be
affected by numerous factors which are beyond our control and which cannot be
accurately predicted, such as market fluctuations, the lack of milling
facilities and processing equipment near the Nanaimo Lakes Claims, and such
other factors as government regulations, including regulations relating to
allowable production, importing and exporting of minerals, and environmental
protection.

11

---

Given the above noted risks, the chances of finding reserves on
our mineral properties are remote and funds expended on exploration will likely
be lost.

Because of the inherent dangers involved in mineral
exploration, there is a risk that we may incur liability or damages as we
conduct our business.

The search for valuable minerals involves numerous hazards. As
a result, we may become subject to liability for such hazards, including
pollution, cave-ins and other hazards against which we cannot insure or against
which we may elect not to insure. At the present time, we have no coverage to
insure against these hazards. The payment of such liabilities may result in our
inability to complete our planned exploration program and/or obtain additional
financing to fund our exploration program.

Because access to our mineral claims may be restricted by
inclement weather, we may be delayed in our exploration.

The Nanaimo Lake Claims property comprises two mineral claims
  with a total area of 100 hectares, located nine miles southeast of the town
  of Nanaimo, British Columbia, between the two Nanaimo Lakes. The claims may
  be reached by highway 19A for 9.5 miles then west on a paved road for approximately
  13 miles on the Nanaimo River Road. This is an essentially undeveloped area
  in British Columbia. The area consists of many mountains and lakes with heavy
  forestation. A paved gravel road is the only access. Winters are often severe
  with rain, freezing rain, wind, and snow common between November and March.
  Access to the Nanaimo Lake Claims may be restricted through some of the year
  due to weather in the area. As a result, any attempt to test or explore the
  property is largely limited to the times when weather permits such activities.
  These limitations can result in significant delays in exploration efforts. Such
  delays can have a significant negative effect on our exploration efforts.

As we undertake exploration of our mineral claims, we will
be subject to compliance with government regulation that may increase the
anticipated cost of our exploration program.

There are several governmental regulations that materially
restrict mineral exploration. We will be subject to the laws of the Province of
British Columbia as we carry out our exploration program. We may be required to
obtain work permits, post bonds and perform remediation work for any physical
disturbance to the land in order to comply with these laws. If we enter the
production phase, the cost of complying with permit and regulatory environment
laws will be greater because the impact on the project area is greater. Permits
and regulations will control all aspects of the production program if the
project continues to that stage. Examples of regulatory requirements
include:

| | (1) | Water discharge will have to meet drinking water standards;                                                    
| | --- | ---------------------------------------------------------------------------------------------------------------
| |     |                                                                                                                
| | (2) | Dust generation will have to be minimal or otherwise
      re-mediated;                                        
| |     |                                                                                                                
| | (3) | Dumping of material on the surface will have to be
      re-contoured and re-vegetated with natural vegetation;
| |     |                                                                                                                
| | (4) | An assessment of all material to be left on the surface
      will need to be environmentally benign;          

12

---

| | (5) | Ground water will have to be monitored for any potential
      contaminants;                                                              
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------
| |     |                                                                                                                                           
| | (6) | The socio-economic impact of the project will have to be
      evaluated and if deemed negative, will have to be re-mediated; and         
| |     |                                                                                                                                           
| | (7) | There will have to be an impact report of the work on the
      local fauna and flora including a study of potentially endangered species.

Our annual cost of compliance with the Mineral Tenure Act is
presently approximately $332 per year. There is a risk that new regulations
could increase our costs of doing business and prevent us from carrying out our
exploration program. We will also have to sustain the cost of reclamation and
environmental remediation for all exploration work undertaken. Both reclamation
and environmental remediation refer to putting disturbed ground back as close to
its original state as possible. Other potential pollution or damage must be
cleaned-up and renewed along standard guidelines outlined in the usual permits.
Reclamation is the process of bringing the land back to its natural state after
completion of exploration activities. Environmental remediation refers to the
physical activity of taking steps to remediate, or remedy, any environmental
damage caused. The amount of these costs is not known at this time as we do not
know the extent of the exploration program that will be undertaken beyond
completion of the recommended work program. If remediation costs exceed our cash
reserves we may be unable to complete our exploration program and have to
abandon our operations.

Because our executive officer does not have formal training
specific to the technicalities of mineral exploration, there is a higher risk
our business will fail.

Ms. Susan Downing, our sole executive officer and director,
does not have any formal training as a geologist or in the technical aspects of
management of a mineral exploration company. Our management lacks technical
training and experience with exploring for, starting, and operating a mine. With
no direct training or experience in these areas, our management may not be fully
aware of the specific requirements related to working within this industry. Our
management's decisions and choices may not take into account standard
engineering or managerial approaches mineral exploration companies commonly use.
Consequently, our operations, earnings, and ultimate financial success could
suffer irreparable harm due to management's lack of experience in this
industry.

Because Ms. Susan Downing, our President, Secretary and
Treasurer, owns 51.5% of our outstanding common stock, investors may find that
corporate decisions controlled by Ms. Downing are inconsistent with the best
interests of other stockholders.

Ms. Susan Downing, our President, Secretary and Treasurer,
controls 51.5% of our issued and outstanding shares of common stock.
Accordingly, in accordance with our articles of incorporation and bylaws, Ms.
Downing is able to control who is elected to our board of directors and thus
could act, or could have the power to act, as our management. Since Ms. Downing
is not simply a passive investor but is also one of our active executives, her
interests as an executive may, at times, be adverse to those of passive
investors. Where those conflicts exist, our shareholders will be dependent upon
Ms. Downing exercising, in a manner fair to all of our shareholders, her
fiduciary duties as an officer or as a member of our board of directors. Also,
Ms. Downing due to her stock ownership position in Konigsberg will have: (i) the
ability to control the outcome of most corporate actions requiring stockholder
approval, including amendments to our articles of incorporation; (ii) the
ability to control corporate combinations or similar transactions that might

13

---

benefit minority stockholders which may be rejected by Ms.
Downing to their detriment, and (iii) control over transactions between her and
Konigsberg.

We may conduct further offerings in the future in which case
stockholders holdings will be diluted.

We completed an offering of 8,800,000 and 600,000 shares of our
common stock at a price of $0.01 per share to investors on February 28, 2005 and
April 14, 2005, respectively. Since our inception we have relied on such equity
sales of our common stock to fund our operations. We may conduct further equity
offerings in the future to finance our current projects or to finance subsequent
projects that we decide to undertake. If common stock is issued in return for
additional funds, the price per share could be lower than that paid by our
current stockholders. We anticipate continuing to rely on equity sales of our
common stock in order to fund our business operations. If we issue additional
stock, stockholders percentage interest in us will be lower. This condition is
often referred to as "dilution". The result of this could reduce the value of
their stock.

As our business assets and our directors and officers are
located outside of the United States, investors may be limited in their ability
to enforce civil actions against our assets or our directors and
officers.

Our business assets are located in Canada and our directors and
officers are residents of Canada. Consequently, it may be difficult for United
States investors to effect service of process within the United States upon our
assets or our directors or officers, or to realize in the United States upon
judgments of United States courts predicated upon civil liabilities under U.S.
Federal Securities Laws. A judgment of a U.S. court predicated solely upon such
civil liabilities may not be enforceable in Canada by a Canadian court if the
U.S. court in which the judgment was obtained had jurisdiction, as determined by
the Canadian court, in the matter. There is substantial doubt whether an
original action could be brought successfully in Canada against any of our
assets or our directors and officers predicated solely upon such civil
liabilities.

If a market for our common stock does not develop,
stockholders may be unable to sell their shares.

A market for our common stock may never develop. We have
applied for quotation of our common stock on the Over-The-Counter Bulletin
Board. However, our shares may never be traded on the bulletin board or, if
traded, a public market may not materialize. If our common stock is not traded
on the bulletin board or if a public market for our common stock does not
develop, investors may not be able to re-sell the shares of our common stock
that they have purchased and may lose all of their investment.

ITEM
3.               
CONTROLS AND PROCEDURES.

Evaluation Of Disclosure Controls And Procedures

As of the end of the period covered by this report, our
management carried out an evaluation, under the supervision and with the
participation of our principal executive officer and principal financial
officer, of the effectiveness of the design and operation of our disclosure
controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the
Exchange Act). Based on this evaluation, our principal executive officer and
principal financial officer has concluded that our disclosure controls and
procedures are, as of the date covered by this Quarterly Report, effective

14

---

to ensure that the information required to be disclosed by us
in the reports that we file or submit under the Exchange Act is recorded,
processed, summarized and reported within the time periods specified in the SEC
rules and forms.

Changes In Internal Controls Over Financial
Reporting

In connection with the evaluation of our internal controls
during our last fiscal quarter, our principal executive officer and principal
financial officer has determined that there have been no changes to our internal
controls over financial reporting that has materially affected, or is reasonably
likely to materially affect, our internal controls over financial reporting.

15

---

PART II - OTHER INFORMATION

ITEM
1.               
LEGAL PROCEEDINGS.

None.

ITEM
2.               
UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

We registered the resale of 9,400,000 shares of our common
stock (the Shares) offered by selling stockholders of Konigsberg at a price of
$0.02 per share pursuant to a registration statement on Form SB-2 under the
Securities Act of 1933 (the Offering). The SEC declared our registration
statement on Form SB-2 (File No. 333-127581), effective at 12:00 pm (Eastern) on
November 1, 2005 (the Effective Date). We did not sell any shares of our
common stock in the Offering and therefore will not receive any proceeds from
the Offering. The Offering will terminate nine months after the Effective Date.
None of the securities were sold through an underwriter and accordingly, there
were no underwriting discounts or commissions involved. We are paying all
expenses of the Offering. No portion of these expenses will be paid by the
selling stockholders. The selling stockholders, however, will pay any other
expenses incurred in selling their common stock, including any brokerage
commissions or costs of sale. To date, we have expended $27,022 on the costs of
the Offering.

ITEM
3.               
DEFAULTS UPON SENIOR SECURITIES.

None.

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

None.

ITEM
5.               
OTHER INFORMATION.

None.

16

---

ITEM
6.               
EXHIBITS AND REPORTS ON FORM 8-K.

|Exhibit |                                                                                                                                                           
|------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------
|Number  | Description of Exhibits                                                                                                                                   
|        |                                                                                                                                                           
|3.1     | Articles of Incorporation.(1)                                                                                                                             
|        |                                                                                                                                                           
|3.2     | Bylaws, as amended.(1)                                                                                                                                    
|        |                                                                                                                                                           
|4.1     | Form of Share Certificate.(2)                                                                                                                             
|        |                                                                                                                                                           
|10.1    | Purchase Agreement
        dated November 3, 2004 between Patricia L. Shore and Konigsberg Explorations
        Inc. (1)                                  
|
|        |                                                                                                                                                           
|10.2    | Commercial Lease Agreement
        between Exports, Inc. and Konigsberg Corp. dated January 28, 2005. (1)                                                 
|
|        |                                                                                                                                                           
|10.3    | Bill of Sale dated
        November 3, 2004 between Patricia L. Shore and Konigsberg Explorations
        Inc. (1)                                        
|
|        |                                                                                                                                                           
|10.4    | Bill of Sale dated
        June 1, 2005 between Patricia L. Shore and Konigsberg Explorations Inc.
        (1)                                            
|
|        |                                                                                                                                                           
|10.5    | Geological Report on
        the Nanaimo Lakes Property dated November 20, 2004 by W.G. Timmins.(1)                                                       
|
|        |                                                                                                                                                           
|10.6    | Phase I Progress Report
        on the Nanaimo Lakes Property dated May 25, 2005 by W.G. Timmins.(1)                                                      
|
|        |                                                                                                                                                           
|31.1    | Certification
        of Chief Executive Officer and Chief Financial Officer as adopted pursuant
        to Section 302 of the Sarbanes-Oxley Act of 2002.
|
|        |                                                                                                                                                           
|32.1    | Certification
        of Chief Executive Officer and Chief Financial Officer as adopted pursuant
        to Section 906 of the Sarbanes-Oxley Act of 2002.
|

|(1) | Filed with the SEC as an exhibit to our Registration
      Statement on Form SB-2 originally filed on August 15, 2005, as amended.
|--- | ----------------------------------------------------------------------------------------------------------------------------------
|(2) | Filed with the SEC as an exhibit to our Registration
      Statement on Form 8-A filed on October 31, 2005.                       

REPORTS ON FORM 8-K

We did not file any Current Reports on Form 8-K during the
fiscal quarter ended September 30, 2005. We have not filed any Current Reports
on Form 8-K since September 30, 2005.

17

---

SIGNATURES

In accordance with the requirements of the Exchange Act, the
registrant caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.

|      |                  |     | KONIGSBERG CORPORATION                                
|----- | ---------------- | --- | ------------------------------------------------------
|      |                  |     |                                                       
|      |                  |     |                                                       
|      |                  |     |                                                       
|Date: | December 8, 2005 | By: | /s/
      Susan Downing                               
|      |                  |     | SUSAN DOWNING                                         
|      |                  |     | Chief Executive Officer, Chief Financial
      Officer
|      |                  |     | President, Secretary and Treasurer                    
|      |                  |     | (Principal Executive Officer                          
|      |                  |     | and Principal Accounting Officer)                     

---