UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB

(Mark One)

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

                For the quarterly period ended September 30, 2006

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

           For the transition period from ____________ to ____________

                        Commission file number 000-51594

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

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

                           30-70 EAST BEAVER CREEK RD.
                            RICHMOND HILL A6 L4B 3B2
               --------------------------------------------------
                    (Address of principal executive offices)

                                 (905) 330-1189
                                 --------------
                         (Registrant's telephone number)

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

     As  of  November  13, 2006, 79,231,334 shares of Common Stock of the issuer
were  outstanding  ("Common  Stock"),  which  does  not  include an aggregate of
425,834  shares  of  Common  Stock which were sold in August and September 2006,
which  shares  have  not  been  physically  issued  to  date.

<PAGE>

     Traditional Small Business Disclosure Format. Yes [ ] No [X]

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


                          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,  2006  are  not
necessarily  indicative  of the results that can be expected for the year ending
March  31,  2007.

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

   TABLE OF CONTENTS TO UNAUDITED FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED
                           SEPTEMBER 30, 2006 AND 2005

CONSOLIDATED BALANCE SHEETS -
   September 30, 2006                                                       F-2

CONSOLIDATED STATEMENTS OF OPERATIONS -
   Three and Six Months ended September 30, 2006 and 2005                   F-3

CONSOLIDATED STATEMENTS OF CASH FLOWS -
   Six Months ended September 30, 2006 and 2005
   and the Period from November 3, 2004 (Inception) to
   September 30, 2006                                                       F-4

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS                                  F-5

<PAGE>










                             KONIGSBERG CORPORATION
                         (AN EXPLORATION STAGE COMPANY)
                SECOND QUARTER CONSOLIDATED FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2006
                                   (UNAUDITED)
                            (STATED IN U.S. DOLLARS)










                                     F-1
<PAGE>

<TABLE>
<CAPTION>


                             KONIGSBERG CORPORATION
                         (AN EXPLORATION STAGE COMPANY)
                          CONSOLIDATED BALANCE SHEETS
                                  (UNAUDITED)
                            (STATED IN U.S. DOLLARS)

---------------------------------------------------------------------------------------------------
                                                                          SEPTEMBER 30     MARCH 31
                                                                              2006           2006
---------------------------------------------------------------------------------------------------
<S>                                                                           <C>             <C>

ASSETS

CURRENT
    Cash                                                                  $    143,681    $  26,793
    Prepaid expenses                                                             3,498          245
                                                                               147,179       27,038
                                                                          ============    =========

LIABILITIES

CURRENT
    Accounts payable and accrued liabilities                              $     14,595    $   6,632
                                                                          ------------    ---------
STOCKHOLDERS' EQUITY (DEFICIENCY)

SHARE CAPITAL
    Authorized:
        400,000,000 common voting shares with a par value of
          $0.001 per share
        100,000,000 preferred shares with a par value of
          $0.001 per share

    Issued and outstanding:
        79,157,168 common shares at September 30, 2006
        and 77,600,000 common shares at March 31, 2006                          79,157       77,600

ADDITIONAL PAID-IN CAPITAL                                                   1,159,143       26,400

STOCK SUBSCRIPTIONS RECEIVABLE                                                 (32,565)           -

DEFICIT ACCUMULATED DURING THE EXPLORATION STAGE                            (1,073,151)     (83,594)
                                                                          ------------    ---------
                                                                               132,584       20,406
                                                                          ------------    ---------

                                                                          $    147,179    $  27,038
                                                                          ============    =========
</TABLE>



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

                                     F-2
<PAGE>

<TABLE>
<CAPTION>


                             KONIGSBERG CORPORATION
                         (AN EXPLORATION STAGE COMPANY)
                     CONSOLIDATED STATEMENTS OF OPERATIONS
                                  (UNAUDITED)
                            (STATED IN U.S. DOLLARS)

                                                                                                   PERIOD FROM
                                              THREE         SIX           THREE         SIX         INCEPTION
                                              MONTHS       MONTHS         MONTHS       MONTHS       NOVEMBER 3
                                              ENDED        ENDED          ENDED        ENDED         2004 TO
                                           SEPTEMBER 30  SEPTEMBER 30  SEPTEMBER 30  SEPTEMBER 30  SEPTEMBER 30
                                              2006          2006          2005          2005          2006
---------------------------------------------------------------------------------------------------------------
<S>                                           <C>           <C>           <C>           <C>           <C>

REVENUE                                   $         -   $         -   $         -   $         -   $           -

EXPENSES
         Consulting fees                        9,485        19,263             -             -          19,263
         Mineral property acquisition
           costs and exploration expense      285,895       885,895         3,000         5,000         900,684
         Write down of mineral property
             interest                               -             -             -             -           3,500
         Office and sundry                     16,485        26,016         2,996         4,075          35,983
         Professional fees                     16,739        59,005         8,380        19,256         115,170
         Gain on foreign exchange                (569)         (622)         (531)         (580)         (1,449)
                                          -----------   -----------   -----------   -----------     -----------
                                              328,035       989,557        13,845        27,751       1,073,151
                                          -----------   -----------   -----------   -----------     -----------

NET LOSS FOR THE PERIOD                   $  (328,035)  $  (989,557)  $   (13,845)  $   (27,751)    $(1,073,151)
===============================================================================================================

BASIC AND DILUTED LOSS PER SHARE          $     (0.01)  $     (0.01)  $         -   $         -
================================================================================================

WEIGHTED AVERAGE NUMBER OF
         COMMON SHARES OUTSTANDING         78,777,595    78,055,130    19,400,000    19,350,825
================================================================================================
</TABLE>



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

                                     F-3
<PAGE>

<TABLE>
<CAPTION>


                             KONIGSBERG CORPORATION
                         (AN EXPLORATION STAGE COMPANY)
                     CONSOLIDATED STATEMENTS OF CASH FLOWS
                                  (UNAUDITED)
                            (STATED IN U.S. DOLLARS)

                                                                                   PERIOD FROM
                                                       SIX             SIX          INCEPTION
                                                      MONTHS          MONTHS        NOVEMBER 3
                                                      ENDED           ENDED          2004 TO
                                                   SEPTEMBER 30    SEPTEMBER 30    SEPTEMBER 30
                                                       2006            2005           2006
<S>                                                     <C>            <C>             <C>
CASH PROVIDED BY (USED IN)
OPERATING ACTIVITIES
   Net loss for the period                         $  (989,557)    $   (27,751)    $ (1,073,151)

   Item not involving cash:
     Share capital issued for                          500,000               -          500,000
         property acquisition

   Changes in non-cash working
      capital items:
       Write down of mineral
         property interest                                   -               -            3,500
       Prepaid expenses                                 (3,253)          4,056           (3,498)
       Accounts payable and accrued
         Liabilities                                     7,963           3,750           14,595
                                                   --------------------------------------------
                                                      (484,847)        (19,945)        (558,554)

FINANCING ACTIVITY
     Share capital issued for cash                     601,735           6,000          705,735

INVESTING ACTIVITY
     Additions to mineral property interest                 -                -           (3,500)
                                                   --------------------------------------------
INCREASE (DECREASE) IN CASH                            116,888         (13,945)         143,861

CASH, BEGINNING OF PERIOD                               26,793          84,893                -
                                                   --------------------------------------------
CASH, END OF PERIOD                                $   143,681     $    70,948     $    143,861
===============================================================================================
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
CASH PAID DURING THE PERIOD FOR:

Interest                                           $         -     $         -     $          -

Income taxes                                       $         -     $         -     $          -
-----------------------------------------------------------------------------------------------
</TABLE>

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

                                     F-4
<PAGE>

                             KONIGSBERG CORPORATION
                         (AN EXPLORATION STAGE COMPANY)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2006
                                   (UNAUDITED)
                            (STATED IN U.S. DOLLARS)
1.   BASIS OF PRESENTATION

     The  unaudited  consolidated  financial  information  furnished  herein
     reflects all adjustments which, in the opinion of management, are necessary
     to  fairly  state  the  Company's  consolidated  financial position and the
     results  of  its operations for the periods presented. These second quarter
     consolidated  financial  statements  should be read in conjunction with the
     Company's  consolidated  financial statements and notes thereto included in
     the  Company's  Form  10-KSB  for the fiscal year ended March 31, 2006. The
     Company  assumes  that  the  users  of  the  interim consolidated financial
     information  herein  have read, or have access to, the audited consolidated
     financial  statements  for the preceding fiscal year, and that the adequacy
     of  additional  disclosure needed for a fair presentation may be determined
     in  that  context.  Accordingly,  footnote  disclosure,  which  would
     substantially  duplicate  the  disclosure  contained  in the Company's Form
     10-KSB  for  the  fiscal  year  ended March 31, 2006, has been omitted. The
     results of operations for the six month period ended September 30, 2006 are
     not  necessarily indicative of results for the entire year ending March 31,
     2007.

2.   NATURE AND CONTINUANCE OF OPERATIONS

     The  Company  was  incorporated  in  the  State  of  Nevada  on November 3,
     2004.  The  Company is an Exploration Stage Company as defined by Statement
     of Financial Accounting Standard ("SFAS") No. 7. The Company has acquired a
     mineral  property located in the Nanaimo Mining Division, British Columbia,
     Canada,  and has not yet determined whether this property contains reserves
     that  are  economically  recoverable.  The  recoverability  of  property
     expenditures  will  be  dependent  upon  the  discovery  of  economically
     recoverable  reserves,  confirmation  of  the  Company's  interest  in  the
     underlying  property,  the  ability  of  the  Company  to  obtain necessary
     financing  to  satisfy  the  expenditure  requirements  under  the property
     agreement  and  upon  future profitable production or proceeds for the sale
     thereof.

     These  consolidated  financial  statements  have  been  prepared on a going
     concern basis. The Company has incurred losses since inception resulting in
     an accumulated deficit of $1,073,151 since inception and further losses are
     anticipated  in  the  development of its business raising substantial doubt
     about  the Company's ability to continue as a going concern. Its ability to
     continue as a going concern is dependent upon the ability of the Company to
     generate profitable operations in the future and/or to obtain the necessary
     financing  to  meet  its obligations and repay its liabilities arising from
     normal business operations when they come due. Management has plans to seek
     additional  capital  through a private placement and public offering of its
     common  stock.  The  consolidated  financial  statements do not include any
     adjustments  relating  to the recoverability and classification of recorded
     assets,  or  the amounts of and classification of liabilities that might be
     necessary  in  the  event  the  Company  cannot  continue  in  existence.

                                     F-5
<PAGE>

                             KONIGSBERG CORPORATION
                         (AN EXPLORATION STAGE COMPANY)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2006
                                  (UNAUDITED)
                            (STATED IN U.S. DOLLARS)


3.   SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES

     The  consolidated  financial  statements  of  the  Company  have  been
     prepared in accordance with generally accepted accounting principles in the
     United  States  of  America. Because a precise determination of many assets
     and  liabilities  is  dependent  upon  future  events,  the  preparation of
     financial statements for a period necessarily involves the use of estimates
     which  have  been made using careful judgment. Actual results may vary from
     these  estimates.

     The  consolidated  financial  statements  have,  in  management's  opinion,
     been  properly  prepared within reasonable limits of materiality and within
     the  framework  of  the  significant  accounting policies summarized below:

     a)   Consolidation

          These  consolidated  financial  statements  include  the  accounts  of
          the  Company  and  its  wholly  owned  British  Columbia  subsidiary,
          Konigsberg Explorations Inc. All significant intercompany transactions
          have  been  eliminated.

     b)   Mineral Property Acquisition Payments and Exploration Costs

          The  Company  expenses  all  costs  incurred  on mineral properties to
          which  it has secured exploration rights prior to the establishment of
          proven and probable reserves. If and when proven and probable reserves
          are  determined  for  a property and a feasibility study prepared with
          respect  to  the property, then subsequent exploration and development
          costs  of  the  property  will  be  capitalized.

          The  Company  regularly  performs  evaluations  of  any  investment in
          mineral  properties  to  assess the recoverability and/or the residual
          value  of  its  investments in these assets. All long-lived assets are
          reviewed  for impairment whenever events or circumstances change which
          indicate  the  carrying  amount  of  an  asset may not be recoverable.
          During the year ended March 31, 2005, the Company recorded impairments
          of  $3,500  of  its  mineral  properties.

          Exploration Expenditures

          The  Company  follows  a  policy  of  expensing  exploration
          expenditures until a production decision in respect of the project and
          the  Company  is  reasonably  assured  that it will receive regulatory
          approval to permit mining operations, which may include the receipt of
          a  legally  binding  project  approval  certificate.

                                     F-6
<PAGE>

                             KONIGSBERG CORPORATION
                         (AN EXPLORATION STAGE COMPANY)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2006
                                   (UNAUDITED)
                            (STATED IN U.S. DOLLARS)

3.   SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES  (Continued)

     b)   Mineral  Property  Acquisition  Payments  and  Exploration  Costs
          (Continued)

          Exploration Expenditures (Continued)

          Management  periodically  reviews  the  carrying  value  of  its
          investments  in  mineral  leases and claims with internal and external
          mining  related professionals. A decision to abandon, reduce or expand
          a  specific  project  is based upon many factors including general and
          specific  assessments  of mineral deposits, anticipated future mineral
          prices,  anticipated  future  costs  of  exploring,  developing  and
          operating  a production mine, the expiration term and ongoing expenses
          of  maintaining mineral properties and the general likelihood that the
          Company  will  continue  exploration on such project. The Company does
          not  set  a pre-determined holding period for properties with unproven
          deposits,  however,  properties  which  have not demonstrated suitable
          metal concentrations at the conclusion of each phase of an exploration
          program  are  re-evaluated  to  determine  if  future  exploration  is
          warranted,  whether  there  has  been any impairment in value and that
          their  carrying  values  are  appropriate.

          If  an  area  of  interest  is  abandoned or it is determined that its
          carrying  value  cannot be supported by future production or sale, the
          related  costs  are  charged  against  operations  in  the  year  of
          abandonment or determination of value. The amounts recorded as mineral
          leases  and  claims  represent  costs  to  date and do not necessarily
          reflect  present  or  future  values.

          The  Company's  exploration  activities  and  proposed  mine
          development  are subject to various laws and regulations governing the
          protection  of  the  environment. These laws are continually changing,
          generally becoming more restrictive. The Company has made, and expects
          to  make  in  the  future,  expenditures  to comply with such laws and
          regulations.

          The  accumulated  costs  of  properties  that  are  developed  on  the
          stage of commercial production will be amortized to operations through
          unit-of-production  depletion.

     c)   Use of Estimates and Assumptions

          The  preparation  of  financial  statements  in conformity with United
          States generally accepted accounting principles requires management to
          make  estimates  and  assumptions  that affect the reported amounts of
          assets  and  liabilities  and  disclosure  of  contingent  assets  and
          liabilities  at  the date of the financial statements and the reported
          amounts  of  revenues and expenses during the reporting period. Actual
          results  could  differ  from  those  estimates.

                                     F-7
<PAGE>

                             KONIGSBERG CORPORATION
                         (AN EXPLORATION STAGE COMPANY)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2006
                                   (UNAUDITED)
                            (STATED IN U.S. DOLLARS)

4.   MINERAL  PROPERTIES

     a)   Nanaimo  Properties

          Pursuant  to  a  mineral  property  agreement  dated November 3, 2004,
          the  Company  purchased  a 100% undivided right, title and interest in
          four  mineral  claims  in an area known as the Nanaimo Lakes claims in
          the  Nanaimo  Mining Division for a cash payment of US $3,500 (paid on
          November  4,  2004).

          On  November  29,  2005,  two  of the Company's four mineral claims in
          the  Nanaimo Lakes Mining District were forfeit. The Company no longer
          holds  title  to these claims as of the forfeiture date. The remaining
          two  claims  expire  on  November  18,  2006  and  December  10, 2006,
          respectively.

     b)   Yoquivo  Properties

          On  May  31,  2006,  the  Company  entered  into  an  option agreement
          with  Sydney  Resource Corporation ("Sydney"), whereby the Company was
          granted  an  option  to acquire up to a 75% undivided right, title and
          interest  in and to a series of six mineral concessions located in the
          State  of Sonora, Mexico, and collectively referred to as the "Yoquivo
          Property".  Pursuant  to  the  agreement, the Company can exercise its
          option  to  acquire  an  initial  50% interest ("the first option") by
          completing  the  following:

          i)   Making  a  cash  payment  to  Sydney  in  the  amount  of $25,000
               within  5  days  upon  signing  the  letter  of  intent  (paid);

          ii)  Making  an  additional  cash  payment  to Sydney in the amount of
               $75,000  within 30 days upon signing the letter of intent (paid);

          iii) Making  an  additional  cash  payment  to Sydney in the amount of
               $100,000  within  90  days  upon signing the definitive agreement
               (paid);

          iv)  Issuing  500,000  shares  of  the  Company's  common  stock  to
               Sydney  within  30  days upon the signing of the letter of intent
               (issued);

          v)   Issuing  an  additional  500,000  shares  of the Company's common
               stock  to  Sydney within 12 months upon the signing of the letter
               of  intent;

          vi)  Incurring  $250,000  in  cumulative  exploration  expenditures on
               the  Property  within  6  months  of  the  date of the agreement;

          vii) Incurring  an  additional  $350,000  in  cumulative  exploration
               expenditures on the Yoquivo Property within 12 months of the date
               of  the  agreement;

          viii) Incurring  an  additional  $400,000  in  cumulative  exploration
               expenditures on the Yoquivo Property within 24 months of the date
               of  the  agreement.

                                     F-8
<PAGE>

                             KONIGSBERG CORPORATION
                         (AN EXPLORATION STAGE COMPANY)

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                               SEPTEMBER 30, 2006
                                   (UNAUDITED)
                            (STATED IN U.S. DOLLARS)

4.   MINERAL  PROPERTIES  (Continued)

     b)   Yoquivo  Properties  (Continued)

          Upon  the  Company  successfully  exercising  the  first  option,  the
          Company  will then be granted a second option ("the second option") to
          acquire  an  additional  25%  interest  in  the  Yoquivo  Property  by
          completing  the  following:

          i)   Within  60  days  of  having  acquired  the initial 50% interest,
               making  a  cash  payment  in  favour  of  Sydney  of  $250,000;

          ii)  Within  60  days  of  having  acquired  the initial 50% interest,
               issuing a total of 1,000,000 shares of the Company's common stock
               to  Sydney;

          iii) Within  24  months  of  having  acquired  the  initial  50%
               interest,  incurring  an  additional  $1,500,000  in  exploration
               expenditures  on  the  Yoquivo  Property.

          Should  the  Company  successfully  exercise  the  second  option  to
          acquire  the additional 25% in the Yoquivo Property, Sydney shall have
          a  one-time  right,  exercisable  within 90 days of the Company having
          vested  at 75%, to back into a 50% interest in the Yoquivo Property by
          making  a single cash payment to the Company. The cash payment will be
          equal  to  the  greater  of:

          i)   Two times  the  Company's  cumulative  exploration  expenditures
               incurred  under  the  terms  of  the  second option, exclusive of
               acquisition  payments;  and

          ii)  Should  the  value  of  the  Company's  shares  issued  under the
               terms  of  the  second  option  exceed  $1,500,000 on the date of
               exercise of the back in right, a total of two times the Company's
               cumulative  exploration  expenditures incurred under the terms of
               the  second  option,  exclusive  of  acquisition  payments,  plus
               one-half  of  the  amount  by which the value attributable to the
               Company's  shares  exceeds  $1,500,000.

          The  Company  shall  have  the  additional right, exercisable within 7
          days of receipt of notice of Sydney's decision to exercise its back in
          right,  to extinguish said right through the issuance of an additional
          1,000,000  shares  of  its  common  stock  in  Sydney's  favour.

                                     F-9
<PAGE>

                             KONIGSBERG CORPORATION
                         (AN EXPLORATION STAGE COMPANY)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2006
                                   (UNAUDITED)
                            (STATED IN U.S. DOLLARS)

5.   SHARE CAPITAL

     On  April  21,  2006,  the  Company  received  $60,000  for  100,000 common
     shares  at  $0.60  per  share.

     On  April  25,  2006,  the  Company  consummated a 4:1 forward stock split.
     This  increased  the  shares  outstanding  at  that date from 19,400,000 to
     77,600,000. In conjunction with this split, the number of authorized shares
     was  amended  to allow the issuance of 400,000,000 shares as opposed to the
     100,000,000  originally  authorized.  All  share amounts have been adjusted
     retroactively  to  reflect  this  forward  stock  split.

     On  April  28,  2006,  the  Company  received  $50,000  for  83,334  common
     shares  at  $0.60  per  share.

     On  May  11,  2006,  the  Company issued 500,000 common shares at $1.00 per
     share  as  mandated  by  the  option agreement with the optioner for deemed
     value  of  $500,000.

     On  July  21,  2006,  the  Company issued 21,000 common shares at $0.60 per
     share  as  mandated  by  the  option agreement with the optioner for deemed
     value  of  $12,600.

     On  July  21,  2006,  the  Company issued 10,000 common shares at $0.60 per
     share  as  mandated  by  the  option agreement with the optioner for deemed
     value  of  $6,000.

     On  July  7,  2006,  the  Company issued 417,000 common shares at $0.60 per
     share  as  mandated  by  the  option agreement with the optioner for deemed
     value  of  $250,200.

     On  August  31,  2006  the  Company  issued  80,000  common shares at $0.60
     per  share as mandated by the option agreement with the optioner for deemed
     value  of  $48,000.

     On  October  11,  2006  the  Company  accepted  a  subscription for 207,500
     common  shares  at  $0.60 per share. Cash proceeds of $59,970, $114,965 and
     $32,565 were received on September 5, 2006, September 19, 2006, and October
     12,  2006,  respectively.

6.   COMMITMENTS  AND  CONTRACTUAL  OBLIGATIONS

     The  Company  has  no  significant  commitments  or contractual obligations
     with any parties respecting executive compensation, consulting arrangements
     or  other  matters.

                                      F-10
<PAGE>

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

CERTAIN STATEMENTS IN THIS QUARTERLY REPORT ON FORM 10-QSB (THIS "FORM 10-QSB"),
CONSTITUTE "FORWARD LOOKING STATEMENTS" WITHIN THE MEANING OF SECTION 27A OF THE
SECURITIES ACT OF 1934, AS AMENDED, AND THE PRIVATE SECURITIES LITIGATION REFORM
ACT  OF 1995 (COLLECTIVELY, THE "REFORM ACT"). CERTAIN, BUT NOT NECESSARILY ALL,
OF  SUCH  FORWARD-LOOKING  STATEMENTS  CAN  BE  IDENTIFIED  BY  THE  USE  OF
FORWARD-LOOKING  TERMINOLOGY  SUCH AS "BELIEVES", "EXPECTS", "MAY", "SHOULD", OR
"ANTICIPATES", OR THE NEGATIVE THEREOF OR OTHER VARIATIONS THEREON OR COMPARABLE
TERMINOLOGY, OR BY DISCUSSIONS OF STRATEGY THAT INVOLVE RISKS AND UNCERTAINTIES.
SUCH  FORWARD-LOOKING  STATEMENTS INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIES
AND  OTHER  FACTORS  WHICH  MAY  CAUSE  THE  ACTUAL  RESULTS,  PERFORMANCE  OR
ACHIEVEMENTS  OF KONIGSBERG CORPORATION ("KONIGSBERG", "THE COMPANY", "WE", "US"
OR  "OUR")  TO  BE  MATERIALLY DIFFERENT FROM ANY FUTURE RESULTS, PERFORMANCE OR
ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH FORWARD-LOOKING STATEMENTS. REFERENCES
IN  THIS  FORM 10-QSB, UNLESS ANOTHER DATE IS STATED, ARE TO SEPTEMBER 30, 2006.

BUSINESS HISTORY

We  were  incorporated in Nevada on November 3, 2004, as Konigsberg Corporation.
On  April 12, 2006, our Board of Directors approved a 4:1 forward stock split to
shareholders  of  record  as  of April 25, 2006 (the "Forward Stock Split"). The
Forward  Stock  Split affected our issued and outstanding shares, as well as our
authorized  shares  of  common  stock,  and as a result, after the Forward Stock
Split,  we had 400,000,000 shares of common stock authorized with a par value of
$0.001  per  share.

On  April  17, 2006, we filed a Certificate of Change Pursuant to Nevada Revised
Statutes  78.209  ("Certificate")  to  our  Articles  of  Incorporation with the
Secretary  of  State of Nevada, which became effective April 25, 2006, to affect
the Forward Stock Split. Subsequent to the filing of the Certificate, we filed a
Certificate  of Correction ("Correction") with the Secretary of State of Nevada,
to  correct  the  Certificate,  which  Correction clarified that our 100,000,000
shares of authorized preferred stock, $0.001 par value, were not affected by the
forward  stock  split.

As a result of the filing of the Certificate and Correction thereto, we now have
400,000,000 shares of common stock authorized, $0.001 par value, and 100,000,000
shares  of  preferred  stock  authorized,  $0.001  par  value  per share. Unless
otherwise  stated,  all  share amounts used in this 10-QSB are reflected in post
Forward  Stock  Split  amounts.

<PAGE>

STOCK  PURCHASE  AGREEMENT

On  March  27,  2006,  our then Chief Executive Officer and Sole Director, Susan
Downing, entered into a Stock Purchase Agreement (the "Purchase Agreement") with
Adam Cegielski, who up until that time had not been affiliated with us. Pursuant
to  the  Purchase  Agreement, Mr. Cegielski purchased forty million (40,000,000)
shares  of  our  common  stock  from  Ms. Downing for aggregate consideration of
$30,000.  The  Purchase  Agreement  closed  on  March  27, 2006 (the "Closing").

As  a result of the Closing, Mr. Cegielski obtained majority voting control over
the  Company,  as  the 40,000,000 shares which he purchased constituted 51.5% of
the  Company's  outstanding shares of common stock based on 77,600,000 shares of
common  stock  outstanding  as  of  March  27,  2006  (the "Change in Control").

In  connection  with  the  Change  of Control of the Company, the Company's then
Chief  Executive Officer, President, Principal Accounting Officer, Treasurer and
Secretary,  Susan  Downing,  resigned  on  March 27, 2006, and Mr. Cegielski was
appointed  as  the  Company's  Chief  Executive  Officer,  President,  Principal
Accounting  Officer,  Treasurer  and  Secretary.

Additionally,  on  March  27,  2006,  Ms. Downing resigned as the Company's sole
Director  and  Mr. Cegielski was appointed as the Company's sole Director by the
Company's  majority  shareholders,  to  fill  the  vacancy left by Ms. Downing's
resignation.

BUSINESS  OPERATIONS

We  are  an exploration stage company engaged in the acquisition and exploration
of  mineral  properties.  We  acquired a 100% undivided interest in four 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  in  November  2004.  On  November 29, 2005, two of the claims
expired,  and  the remaining two claims expire on November 18, 2006 and December
10, 2006, respectively. Title to the mineral claims are held by our wholly owned
British  Columbia  subsidiary,  Konigsberg  Exploration Inc. We do not currently
have  any  plans to extend these claims, as we currently plan to focus solely on
our  joint  venture in connection with exploration and development activities in
the  "Yoquivo  Property,"  which  we  have  entered  into an Option Agreement in
connection  with,  as  described  below.

OPTION  AGREEMENT

On  April  13,  2006,  we  entered  into  a letter of intent with a wholly owned
subsidiary  of  Sydney Resource Corporation ("Sydney") to earn up to a 75% joint
venture  interest  in  the Yoquivo Au-Ag property located in Sonora, Mexico (the
"Yoquivo  Property" and the "Letter of Intent"). The Yoquivo Property represents
approximately  7,000  acres of land.  Sydney merged with Band-Ore Resources Ltd.
in  September  2006,  and  is  now  known as West Timmins Mining, Inc. (TSX-WTM)
("West  Timmins").

<PAGE>

On  May  31,  2006,  we  and  West  Timmins (at that time still known as Sydney)
entered  into  an  Option  Agreement  regarding  our ability to earn up to a 75%
interest  in  the  joint  venture  interest in the Yoquivo Property (the "Option
Agreement").

Pursuant  to  the Option Agreement, West Timmins granted us the right to earn an
initial  (First  Option)  undivided 50% interest in and to the mineral rights to
the  Yoquivo  Property  in  exchange  for  the  following  cash,  share and work
expenditure  considerations  to be delivered/met over a 24 month period from the
signing  of  the  letter  of  intent,  as  more  specifically  detailed  below:

     A.   Our making,  in  favor  of  West  Timmins, the following cash payments
          totaling  $200,000  dollars  over  a  90  day  period:

          i)   $25,000  within  five  days  of  signing of the Letter of Intent,
               which  we  have  paid  as  of  the  date  of  this  filing,

          ii)  an additional  $75,000  within  30  days  of  signing  the Letter
               of  Intent, which we have paid as of the date of this filing, and

          iii) an additional  $100,000  within  90  days  of  signing the Option
               Agreement,  which  we  have  paid  to  date.

     B.   Our  issuing  1,000,000  shares  of  restricted  common  stock:

          i)   500,000  shares  of  common  stock  within 30 days of signing the
               Letter  of  Intent,  which  we have issued as of the date of this
               filing,  and

          ii)  An additional  500,000  shares  of  common  stock  within  12
               months  of signing of the Letter of Intent, which shares have not
               been  issued  as  of  the  date  of  this  filing.

     C.   Our completing  the  following  cumulative  exploration  expenditures
          on  the  Yoquivo  Property totaling $1,000,000 over a 24 month period,
          including:

          i)   $250,000  in  cumulative  exploration  expenditures  within  the
               first  6  months  after  signing  the  Letter of Intent, of which
               approximately  $186,000  has  been  paid  to  date,

          ii)  $600,000  in  cumulative  exploration  expenditures  within  12
               months  of  signing  the  Letter  of  Intent,  and

          iii) $1,000,000  in  cumulative  exploration  expenditures  within  24
               months  of  signing  the  Letter  of  Intent.

<PAGE>

We  have  paid  approximately  $186,000  towards exploration expenditures on the
Yoquivo  Property  as  of  the  date  of  this  filing, and anticipate paying an
additional  $45,000  shortly  after  the  filing  of  this  report.

The  initial  cash  payments totaling $200,000 and issuance of 500,000 shares of
common  stock,  which have already been made, as well as the initial exploration
expenditure  of $250,000 (of which we have paid approximately $186,000 to date),
are  final  definitive commitments and are therefore non-refundable, however all
other  payments  and expenditure commitments are optional in the event we choose
not  to  move  forward  with  the  option.

West  Timmins will act as operator during the earn-in phase of the agreement and
will  be  entitled to charge a management fee of 10% on all property exploration
expenditures  and  related  head office overhead. The Joint Venture is currently
being  managed by a management committee consisting of three individuals, two of
which  are  affiliated  with  West  Timmins  and our Chief Executive Officer and
Director,  Adam  Cegielski.  As  operator,  West Timmins will be responsible for
proposal  of  exploration  programs  to  the management committee. We as funding
partner  are  responsible for funding, in full, any and all exploration programs
approved  by  the  management  committee  in  advance  of  the  commencement  of
exploration,  as well as being responsible for making all necessary property and
tax  payments  to  keep  the  property  in  good  standing.

West  Timmins agreed to grant us a second option (the Second Option) pursuant to
the  Option  Agreement,  to earn an additional 25% interest in the joint venture
(for  75%  total),  subject  to  back-in  provisions in favor of West Timmins as
indicated  below,  under  the  following  terms  and  conditions:

     A.   Within  60  days  of  having  vested  an  initial  50% interest in the
          property,  making  a cash payment in favor of West Timmins of $250,000
          dollars,

     B.   Within  60  days  of  having  vested  an  initial  50% interest in the
          property,  issuing  to  West  Timmins  an  additional 1,000,000 common
          shares,  and

     C.   Completing  an  additional  $1,500,000  in  exploration  expenditures
          on  the  property  within an additional 24 month period and making the
          necessary  cash payments to any vendor as per the terms and conditions
          of  the  underlying  agreement.

However, should we successfully exercise the Second Option, West Timmins has the
one-time  right,  exercisable  within 90 days of us having vested all 75% of the
joint  venture, via the Second Option, to back into a 50% interest (the "Back In
Right")  in  the  property  by  making  a single cash payment to us equal to the
greater  of:

     i)   2.0 times  our  cumulative  exploration  expenditures  incurred  under
          the  terms of the Second Option, exclusive of acquisition payments; or

<PAGE>

     ii)  should  the  value  of  our  shares  issued  under  the  terms  of the
          Second  Option  exceed  $1,500,000  on the date of the exercise of the
          Back  In  Right,  a  total  of  2.0  times  our cumulative exploration
          expenditures  incurred under the terms of the Second Option, exclusive
          of  acquisition costs, plus one half of the amount by which our shares
          exceed  $1,500,000.

Finally,  we  have the additional right, exercisable within 7 days of receipt of
notice  of  West  Timmins' decision to exercise its Back In Right, to extinguish
West  Timmins'  Back  In  Right, through the issuance of an additional 1,000,000
shares  of  our  common  stock  to  West  Timmins.

In  the event that we do not exercise our Second Option and/or act to extinguish
West  Timmins'  Back  In  Right,  it is anticipated that a joint venture will be
formed  between  the parties under an industry standard joint venture agreement,
with  each  party  owning and paying expenses on a pro-rata basis based on their
then  ownership  of  the  joint  venture.

The Option Agreement also provides that the joint venture agreement will include
a provision whereby in the event that the joint venture interest of either party
is  diluted  to a 10% working interest in accordance with the terms of the joint
venture  agreement, the diluted party shall revert to a 2.0% net smelter royalty
on the party, which is to be subject to an exclusive and irrevocable option held
by  the  non-diluted party to purchase such 2.0% net smelter royalty (i.e. 1.0%)
for  a  sum  of  $2.0  million.

DEVELOPMENT  ACTIVITIES  IN  THE  YOQUIVO  PROPERTY

We  agreed  pursuant  to the Option Agreement to expend $1,000,000 in cumulative
exploration  activities  on  the  Yoquivo Property over a twenty-four (24) month
period,  if  we  choose to earn the First Option, representing a 50% interest in
the  mineral  rights to the Yoquivo Property. The goals of this initial phase of
exploration  include  evaluating  the  structural  setting of minerals which are
found  in the property and to find certain drilling targets to be tested as part
of  Phase  2  of  the  exploration  program.

Phase  1  of  the exploration program on the Yoquivo Property, which was started
during  the  1st week of August 2006, and which we expect to be completed during
the fourth quarter of 2006 and first quarter of 2007, is anticipated to include:

     o    Detailed  structured  mapping,  to  identify  large  and  small  scale
          structural  controls,  which will include collecting additional ground
          samples,  which  mapping  has  been  completed  to  date;

     o    An Airborne  Magnetic  Survey  conducted  of  the Yoquivo Property via
          helicopter, which we hope will aid in the understanding and tracing of
          the large scale structural features of the property. It is anticipated
          that  this  phase  of the program will take approximately one month to
          complete  at  an  anticipated  cost  of  $55,000.

<PAGE>

     o    Fluid Inclusion  Studies  of  selected  samples  taken  throughout the
          mineralized  area of the Yoquivo Property, to aid in the determination
          of  the  mineral  zones  found  throughout the property. This phase of
          exploration  is anticipated to take less than one month to complete at
          an  anticipated  cost  of  $10,000.

     o    Alteration  Study  and  Aster  Satellite  Image  Analysis, intended to
          better  understand  the  mineral distribution of the Yoquivo Property,
          including  the  potential identification of more favorable exploration
          and  drilling  locations.  It  is  anticipated  that this phase of the
          program  will  take  between  six  and  eight  weeks to complete at an
          anticipated  cost  of  $15,000.

     o    Underground  Sampling,  intended  to  gain  a greater understanding of
          the  controls on and nature of the mineralization within the property.
          It  is  anticipated that this phase of the exploration program will be
          ongoing  and  will  cost  approximately  $10,000.

Assuming  the successful completion and favorable results of the items above, we
anticipate being in a position to begin drill testing on the Yoquivo Property in
or  around  the  first  quarter  of  2007.

As  of  the  filing  of this report, we have spent approximately $186,000 on the
exploration  program  on  the Yoquivo Property, and plan to expend approximately
another  $45,000 shortly after the filing of this report. As explained above, we
have  committed  to  fund $250,000 in exploration costs regardless of whether we
decide  to  proceed  with  the  First  Option.

COMPETITION

We  are  an  exploration  stage  company. We compete with other mineral resource
exploration  and  development companies for financing and for the acquisition of
new mineral properties. Many of the mineral resource exploration and development
companies  with  whom  we compete have greater financial and technical resources
than  us. Accordingly, these competitors may be able to spend greater amounts on
acquisitions  of  mineral  properties  of merit, on exploration of their mineral
properties and on development of their mineral properties. In addition, they may
be  able to afford greater geological expertise in the targeting and exploration
of  mineral  properties.  This  competition  could  result in competitors having
mineral  properties of greater quality and interest to prospective investors who
may  finance  additional  exploration  and  development.  This competition could
adversely  impact  on  our ability to finance further exploration and to achieve
the  financing  necessary  for  us  to  develop  our  mineral  properties.

<PAGE>

EMPLOYEES

We  have  no employees as of the date of this filing other than our sole officer
and  Director,  Adam  Cegielski.

RESEARCH  AND  DEVELOPMENT  EXPENDITURES

We  have not incurred any research expenditures since our incorporation. We have
expended  $5,000 on our exploration program as of the date of this filing on our
Nanaimo  claims, which claims we intend to let expire and approximately $186,000
in  exploration  expenditures  on  our  Yoquivo  Property joint venture project,
described  in  greater  detail  above.

SUBSIDIARIES

Konigsberg Explorations Inc., a British Columbia corporation, is our sole wholly
owned  subsidiary.  All  references  in  this  Quarterly  Report  to  "us,"  the
"Company,"  "we,"  "Konigsberg,"  or  words  of  similar  meeting  include  the
operations  of  Konigsberg  Explorations  Inc.,  unless  otherwise stated or the
context  suggests  otherwise.

PATENTS  AND  TRADEMARKS

We  do  not  own,  either  legally  or  beneficially,  any  patent or trademark.

                                YOQUIVO PROPERTY

We  have  entered into an Option Agreement with West Timmins to earn up to a 75%
interest  in  the  mineral  interests  in  the  Yoquivo  Property.

LOCATION  AND  MEANS  OF  ACCESS  TO  THE  PROPERTY:

The  Yoquivo  mining  district is located at the headwaters of the Mayo River in
the  northern  part of the Sierra Madre Occidental mountain range, approximately
30  miles  west  of San Juanito, Chihuahua, Mexico. Mining districts surrounding
the  Yoquivo  Property  include  the mining district of Ocampo, approximately 22
miles  to  the northwest; the mining district of Candame, approximately 19 miles
west  and  the  mining  district  of  Maguarichic, approximately 15 miles to the
south.

The  mining  concessions  that  comprise  the  Yoquivo  Property  are  located
approximately 130 miles west south west of the city of Chihuahua, Mexico, in the
Municipality  of Ocampo, estate of Chihuahua. It is believed that mineralization
on  the property, which encompasses a total of 28 square kilometers (17.4 square
miles),  occurs  in  an  area of approximately 4.5 square kilometers (2.8 square
miles).  The  property  is accessible via roads and a small scale mill exists on
the  property.

<PAGE>

DESCRIPTION  OF  THE  MINERAL  TITLES  HELD  IN  THE  YOQUIVO  PROPERTY:

The  Yoquivo  Property  is comprised of six (6) mining concessions El Dollar, La
Nina, La Restauradora, Dolores, San Francisco de Yoquivo and La Copa, which have
the  following  mining  concession  titles:


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

PAST  HISTORY  OF  THE  YOQUIVO  PROPERTY  (AS  FAR  AS  KNOWN):

The  San  Andres  del Rio district, presently known as the Yoquivo District, has
been  mined  since  approximately  1867.  The  Yoquivo Property was mined by the
Yoquivo  Development  Company  of New York City ("YD Company") during the period
from 1908 to 1925. The first 650 tons of ore which passed through the YD Company
plant  during  this  time  period  yielded  36  grams of gold and 4,200 grams of
silver.  High-grade  ore  from the YD Company plant averaged 1,540 grams of gold
and  224,000  grams of silver. With reserves diminishing in 1924, the YD Company
terminated  its  mine  on  the  Yoquivo  District,  on  March  15,  1925.

In  the  mid  1970's  Cia.  Minera La Rastra, S.A., drove a tunnel approximately
1,000  feet  parallel  to  the  caved  areas  on one of the mineral veins on the
property,  in  order  to access 1) exposed vein intersections in the interior of
the  mine,  2) mineral ores; and 3) construct drill pads for testing the vein at
depth. After making five unsuccessful drill holes, the company withdrew from the
area.

Mead  Exploration  Co.  of El Paso, Texas ("Mead"), leased the property in 1976,
and  began  production from narrow high-grade stringers, which paid the costs of
exploration.  Mead  subsequently  terminated  activities  when  development work
failed  to  produce  large  quantities  of  high-grade  ore.

PRESENT  CONDITION  OF  PROPERTY:

Regional  geology, reported by the Council of Mineral Resources in 2000, "Letter
Geologico-Minera  Tecoripa  H12-12, Scale 1:250,000" for the area of the Yoquivo
Property,  consists  of  andesites  (volcanic rock) of the Eoceno-Oligocene age.

The  main  mineral  vein on the Yoquivo Property, the San Francisco vein extends
over  1,500 feet northwest in the south-central portion of the claim region. The
same  vein trend is found approximately 1,500 feet further northeast where minor
development  was  undertaken.

<PAGE>

The  Pertenencia  vein  lies  2,000 feet east from the San Francisco vein. It is
semi-parallel to it, and was historically the second largest producer of mineral
ore.

The  main  San  Francisco vein is a fault zone varying from 3 feet to 30 feet in
width,  with  an average width of 10 feet. Pre- and post-mineralization faulting
is evident, and the fault is oxidized and contains sedimentary rock, rock flour,
and  calcite  veins,  which  form  low-grade  ore.

Three  distinct types of mineralization are present in the Yoquivo district. The
first  high-grade  type  consists  of quartz-sulfide mineralization, which often
includes  mixed  sulfides  of  copper,  lead,  zinc, and silver, with occasional
native  gold.  Mineralogy  is  relatively  simple,  consisting  of chalcopyrite,
bornite,  galena,  sphalerite,  argentite,  stromeyerite and some native silver.
The  second  type  of  mineralization  consists of argentiferous galena, with or
without  minor  sphalerite,  in quartz. This is the vein filling material in the
Pertenencia  vein  system.  The third type of mineralization constitutes the San
Francisco  Fault,  which  contains  variable  amounts  of faulted and brecciated
primary  high-grade  ore,  calcite  veins,  and  secondary  enrichment.

We  believe  that  the future of the mine and district lies in understanding the
structural  and  the  geochemical  genesis  of  the  high-grade  block  with
quartz-sulfide  mineralization  and its relationships with the adjacent geologic
blocks.  This  mineralized  zone  may  extend  for  a  vertical  distance  of
approximately  1,000 feet. Additionally, given the nature of geologic processes,
i.e.  the fact that most mining districts are not constituted by one vein, there
exists a possibility that additional vein targets are present; however, the idea
of  host  rock or "between the vein" disseminations has never been tested in the
district.

The  Yoquivo  Property is an exploration stage project, not a proven mine. There
is  no modern plant or equipment on the property. Planned exploration activities
on  the property can be found above under "Development Activities in the Yoquivo
Property."  Additionally, there are no proven or probable reserves at this point
in  time.  Furthermore, we can provide no assurances that any proven or probable
reserves will ever be found, or that the Yoquivo Property will ever generate any
commercially  viable  mineral  resources.

                              NANAIMO LAKE PROPERTY

Our  Nanaimo  Lake property is comprised of two mineral claims with a total area
of  approximately  190  hectares  (approximately  470 acres), located nine miles
southeast  of  the  town  of  Nanaimo,  British  Columbia.

The  Nanaimo  Lake  Claims  are  recorded with the Ministry of Energy and Mines,
Province  of  British  Columbia,  Canada  under  the  following  name and tenure
numbers:

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

<PAGE>

The Province of British Columbia owns the land covered by the mineral claims. To
our  knowledge,  there are no aboriginal land claims that might affect our title
to  our  mineral  claims  or  the  Province's  title  of  the  property.

In  order  to  maintain  our  mineral  claims in good standing, we must complete
exploration  work  on the mineral claims and file confirmation of the completion
of work on the mineral claims with the applicable mining recording office of the
British  Columbia  Ministry  of  Energy  and  Mines.  The  completion of mineral
exploration  work or payment in lieu of exploration work in any year will extend
the  existence  of  our  mineral  claims for one additional year. As our mineral
claims  are  effective  until  November  18,  2006  and  December  10,  2006,
respectively, we must file confirmation of the completion of exploration work in
the minimum amount of approximately $83 per 25 hectare unit or make a payment in
lieu of exploration work in the minimum amount by November 18, 2006 and December
10,  2006,  respectively.

Since  the  Change  in Control described above under "Stock Purchase Agreement,"
our  sole  focus  has  been  the  development of the Yoquivo Property, described
above,  and  as  a  result,  we  do  not  currently plan any more development or
exploration  activities  on our Nanaimo Lake claims, and plan to let such claims
expire  on  November  18,  2006  and  December  10,  2006,  respectively.

                               PLAN OF OPERATIONS

As  stated  above,  moving  forward,  we  plan  to let the claims on our Nanaimo
Property  expire, and currently plan to focus all of our resources on earning an
interest  in the Yoquivo Property through our Option Agreement and joint venture
with  West  Timmins  (described  above).

We  currently  believe  that we will be able to continue our business operations
for  the  next six months with the approximately $50,000 of cash on hand that we
had  as of August 10, 2006. We anticipate the need for approximately $250,000 to
maintain  our operations for the next twelve months and complete the anticipated
exploration  activities  on  the  Yoquivo  Property.

                         COMPARISON OF OPERATING RESULTS

THREE  MONTHS  ENDED  SEPTEMBER  30,  2006  COMPARED  TO  THE THREE MONTHS ENDED
SEPTEMBER  30,  2005

We  have  not  generated  any revenues since our incorporation in November 2004.

We had total expenses of $328,035 for the three months ended September 30, 2006,
compared  to  total expenses of $13,845 for the three months ended September 30,
2005,  an  increase in expenses of $314,190 or 2,269% from the prior period. The
main  reason  for  the  increase  in  expenses,  was due to a $282,895 or 9,430%

<PAGE>

increase  in  mineral property acquisition costs and exploration to $285,895 for
the  three  months  ended  September  30, 2006, compared to $3,000 for the three
months  ended  September  30,  2005, in connection with the Option Agreement for
exploration of the Yoquivo Property with West Timmins, which expenses during the
three  months  ended  September  30,  2006 included amounts spent on exploration
costs  on  the  Yoquivo Property, which were not present during the three months
ended  September  30,  2005.  Additionally  attributing to the increase in total
expenses  was  an  increase of $13,489 or 450% in office and sundry expenses, to
$16,485  for  the  three months ended September 30, 2006, compared to $2,996 for
the  three  months ended September 30, 2005 in connection with the rental of our
office  space and the purchase of certain office supplies; an increase of $8,359
or  99.7%  in  professional fees to $16,739 for the three months ended September
30,  2006, associated with fees paid to our legal counsel in connection with the
preparation of our various SEC filings and our accountant in connection with the
review  of  our  interim financial statements and the drafting and filing of our
Form  8-K  filings,  compared to $8,380 for the three months ended September 30,
2005; and an increase of $9,485 in consulting fees in connection with the Option
Agreement,  which  expenses  were  not  present  during  the  three months ended
September  30,  2005.

The reason for the $13,489 or 450% increase in office and sundry expense for the
three  months  ended September 30, 2006, compared to the prior period was mainly
due to the fact that during the three months ended September 30, 2006, we rented
office space through Insight Consulting ("Insight"), a company owned by our sole
officer  and  Director,  Adam  Cegielski,  which  monthly  rental  fee  totals
approximately US $890 ($1,000 Canadian dollars). Our professional fees increased
$8,359  or  99.7%  from  the  prior  period,  due to the fact that we were not a
publicly  reporting  company  during the three month period ending September 30,
2005,  and  our  legal  and  accounting expenses increased substantially once we
became  responsible  for  making  public  filings  with  the  SEC.

We  had  a gain on foreign exchange of $569 for the three months ended September
30,  2006,  compared  to a gain on foreign exchange of $531 for the three months
ended  September  30,  2005.

Net  loss  for three months ended September 30, 2006 was $328,035, compared to a
net  loss  of $13,845 for the three months ended September 30, 2005, an increase
in  net  loss  of  $314,190 or 2,269% from the prior period. The increase in net
loss  was  mainly  due  to the $282,895 increase in mineral property acquisition
costs  in connection with our Option Agreement with West Timmins relating to the
Yoquivo  Property.

SIX  MONTHS  ENDED SEPTEMBER 30, 2006 COMPARED TO THE SIX MONTHS ENDED SEPTEMBER
30,  2005

We  have  not  generated  any revenues since our incorporation in November 2004.

<PAGE>

We  had  total expenses of $989,557 for the six months ended September 30, 2006,
compared  to  total  expenses  of $27,751 for the six months ended September 30,
2005,  an  increase in expenses of $961,806 or 3,466% from the prior period. The
main  reason  for  the  increase in expenses, was due to an $880,895 increase in
mineral  property acquisition costs and exploration in connection with our entry
into  the  Option  Agreement  for  exploration of the Yoquivo Property with West
Timmins,  to  $885,895  for the six months ended September 30, 2006, compared to
$5,000  for  the  six  months  ended  September 30, 2005, which expenses were in
connection  with  500,000  shares  of  common  stock  issued to West Timmins and
approximately  $386,000  provided to West Timmins in connection with exploration
costs and required payments on the Option Agreement. Additionally attributing to
the  increase in total expenses was an increase of $21,941 or 538% in office and
sundry  expenses,  to  $26,016  for  the  six  months  ended September 30, 2006,
compared  to  $4,075  for  the six months ended September 30, 2005 in connection
with  the  rental of our office space and the purchase of an office computer; an
increase  of  $39,749 or 206% in professional fees, associated with fees paid to
our legal counsel in connection with the preparation of our various SEC filings,
including  our  quarterly reports and reports on Form 8-K, and our accountant in
connection  with the audit of our year ended March 31, 2006 financial statements
and  the  review  of  our  interim  financial statements, to $59,005 for the six
months  ended  September  30, 2006, compared to $19,256 for the six months ended
September  30, 2005; and an increase of $19,263 in consulting fees in connection
with  our  Option  Agreement,  which fees were not present during the six months
ended  September  30,  2005.

The reason for the $21,941 or 538% increase in office and sundry expense for the
six months ended September 30, 2006, compared to the prior period was mainly due
to  the  fact  that  during  the  six months ended September 30, 2006, we rented
office  space  through Insight, which monthly rental fee totals approximately US
$890  ($1,000 Canadian dollars). Our professional fees increased $39,749 or 206%
from  the  prior  period,  due to the fact that we were not a publicly reporting
company during the six month period ending September 30, 2005, and our legal and
accounting  expenses  increased  substantially  once  we  became responsible for
making  public  filings  with  the  SEC.

We had a gain on foreign exchange of $622 for the six months ended September 30,
2006,  compared  to  a gain on foreign exchange of $580 for the six months ended
September  30,  2005.

Net loss for six months ended September 30, 2006 was $989,557, compared to a net
loss  of $27,751 for the six months ended September 30, 2005, an increase in net
loss  of  $961,806 or 3,466% from the prior period. The increase in net loss was
mainly  due  to  the  $880,895 increase in mineral property acquisition costs in
connection  with  our Option Agreement with West Timmins relating to the Yoquivo
Property.

LIQUIDITY  AND  CAPITAL  RESOURCES

We  had  total assets of $147,179 as of September 30, 2006, an increase in total
assets  of  $120,141  or 444% from total assets of $27,038 as of March 31, 2006.

<PAGE>

Total assets as of September 30, 2006, included solely current assets, including
$143,681  of  cash  and  prepaid  expenses  of  $3,498.

We  had  total  liabilities,  consisting  solely of total current liabilities of
$14,595 as of September 30, 2006, which consisted solely of accounts payable and
accrued  liabilities.

We  had  net  working  capital  of  $132,584  as of September 30, 2006. We had a
deficit  accumulated  during the exploration stage of $1,073,151 as of September
30,  2006.

We  had  $484,847  in cash used in operating activities for the six months ended
September  30,  2006,  which included $989,557 of net loss and $3,253 of prepaid
expenses,  offset  by  $500,00  of  stock  issued  for  property  acquisition in
connection  with  the  issuance  of 500,000 restricted shares of common stock to
West  Timmins during the three months ended June 30, 2006 pursuant to the Option
Agreement,  and  $7,963  of  accounts  payable  and  accrued  liabilities.

We  had  $601,735  of  cash  from  financing activities for the six months ended
September  30,  2006,  which related to an aggregate of 183,334 shares of common
stock  sold  to  various  offshore  investors  in  April  2006  for  aggregate
consideration  of  $110,000 (or $0.06 per share); 448,000 shares of common stock
sold to offshore investors in June 2006, for aggregate consideration of $268,800
(or  $0.60  per share);  and an aggregate of 425,834 shares of common stock sold
to  two  offshore  investors  in  August  and  September  2006,  for  aggregate
consideration  of  $255,500 (or $0.60 per share), which we had received $222,935
of as of September 30, 2006, leaving a stock subscription receivable of $32,565,
which  amount  has  been  paid  to  date.

We  currently  believe  that we will be able to continue our business operations
for  the  next six months with the approximately $50,000 of cash on hand that we
had  as  of  August  10,  2006.  Additionally,  we  anticipate  the  need  for
approximately $250,000 to maintain our operations for the next twelve months and
complete  the  anticipated  exploration  activities  on the Yoquivo Property. We
anticipate  raising  such  funds  through the private placement of shares of our
common  stock  to certain individual investors in offshore transactions pursuant
to  Regulation  S  of  the  Securities  Act  of  1933.

We  have  no  current  commitment  from our officers and Directors or any of our
shareholders  to  supplement  our operations or provide us with financing in the
future.  If  we are unable to raise additional capital from conventional sources
and/or  additional  sales of stock in the future, we may be forced to curtail or
cease  our  operations.  Even  if  we  are  able to continue our operations, the
failure  to  obtain  financing  could  have  a substantial adverse effect on our
business  and  financial  results.

In  the future, we may be required to seek additional capital by selling debt or
equity  securities, selling assets, or otherwise be required to bring cash flows
in  balance  when  we  approach  a  condition of cash insufficiency. The sale of

<PAGE>

additional equity or debt securities, if accomplished, may result in dilution to
our  then shareholders. We provide no assurance that financing will be available
in  amounts  or  on  terms  acceptable  to  us,  or  at  all.

                                  RISK FACTORS

You  should  carefully consider the following risk factors and other information
in  this  quarterly  report on Form 10-QSB before deciding to become a holder of
our Common Stock. If any of the following risks actually occur, our business and
financial  results  could  be  negatively  affected  to  a  significant  extent.

Our business and the value of our common stock are subject to the following Risk
Factors:

WE  MAY  NOT  BE  ABLE  TO CONTINUE OUR BUSINESS PLAN AND EXPLORATION ACTIVITIES
WITHOUT  ADDITIONAL  FINANCING.

We  depend  to  a  great  degree on the ability to attract external financing in
order  to  conduct future exploratory activities. We are currently funded solely
by  our shareholders and we believe that we can continue our business operations
for approximately the next six (6) months with the approximately $50,000 of cash
we  had  on hand as of August 10, 2006. If we are unable to raise the additional
funds  required  for  planned exploration and extraction activities, which we do
not  currently  have  funds  to  pay,  we  may  be forced to abandon our current
business  plan  and/or  we  will  not be able to earn our First Option with West
Timmins (as described above). If you invest in us and we are unable to raise the
required  funds,  your  investment  could  become  worthless.

OUR  AUDITORS  HAVE  EXPRESSED  SUBSTANTIAL  DOUBT AS TO WHETHER OUR COMPANY CAN
CONTINUE  AS  A  GOING  CONCERN.

We are in our exploration stage, as planned principal activities have not begun.
We have not generated any revenues since inception and have incurred substantial
losses. These factors among others indicate that we may be unable to continue as
a  going  concern,  particularly in the event that we cannot generate sufficient
cash  flow to conduct our operations and/or obtain additional sources of capital
and  financing.

WE  LACK  AN  OPERATING  HISTORY  WHICH  YOU  CAN USE TO EVALUATE US, MAKING ANY
INVESTMENT  IN  OUR  COMPANY  RISKY.

We  lack  an  operating history which investors can use to evaluate our previous
earnings,  as  we  were  only  incorporated  in  November  2004.  Therefore,  an
investment  in us is risky because we have no business history and it is hard to
predict  what  the  outcome  of  our  business operations will be in the future.

WE MAY NOT FIND ANY COMMERCIAL QUANTITIES OF MINERALS IN THE FUTURE, AND MAY NOT
GENERATE  ANY  PROFITS,  WHICH  MAY  FORCE  US  TO  CURTAIL  OUR  BUSINESS PLAN.

<PAGE>

As  an exploration stage company, we have no revenues or profits to date and our
deficit  accumulated  during our exploration stage as of September 30, 2006, was
$1,073,151.  We had working capital of $132,584 as of September 30, 2006. We are
currently  being  funded  by  existing shareholders and anticipate being able to
continue  our business operations for approximately the next six months with the
approximately  $50,000  of cash on hand as of August 10, 2006. However, if we do
not  begin  exploration  and/or do not have enough money to continue exploration
activities  it is likely that we will never generate any revenues. Additionally,
if  we  are  unsuccessful  in  mining  attempts  we may choose to attempt in the
future, it is likely that we will never generate any revenues. Additionally, the
exploration  of  minerals  is  highly speculative, and if throughout our mineral
exploration  we do not find commercial quantities of minerals, we will likely be
forced  to curtail or abandon our business plan. If this happens, you could lose
your  investment  in us. If we are unable to generate profits, we will be forced
to  rely on external financing, of which there is no guarantee, to continue with
our  business  plan.

WE  HAVE A POOR FINANCIAL POSITION AND IF WE DO NOT GENERATE REVENUES, WE MAY BE
FORCED  TO  ABANDON  OUR  BUSINESS  PLAN.

We  currently have a poor financial position. We have not generated any revenues
or  begun  exploration  on any properties. There is a risk that we will not find
enough,  or  even  any,  minerals  needed  to  generate  enough profits for your
investment  in  us  to  appreciate. If we never generate any revenues, we may be
forced  to  abandon  our  business  plan  and  your shares may become worthless.

WE  RELY  UPON KEY PERSONNEL AND IF THEY LEAVE US, OUR BUSINESS PLAN AND RESULTS
OF  OPERATIONS  COULD  BE  ADVERSELY  AFFECTED.

We  rely  heavily  on  our  Chief  Executive  Officer,  Chief Financial Officer,
Secretary,  Treasurer  and  Director,  Adam  R.  Cegielski, for our success. His
experience  and  input  create  the  foundation  for  our  business  and  he  is
responsible for the directorship and control over our exploration activities. We
do  not  currently have an employment agreement or "key man" insurance policy on
Mr.  Cegielski, although we anticipate entering into a consulting agreement with
Mr. Cegielski subsequent to the filing of this report. Moving forward, should we
lose  the  services  of  Mr.  Cegielski,  for  any  reason,  we will incur costs
associated with recruiting a replacement and delays in our operations. If we are
unable  to  replace him with another suitably trained individual or individuals,
we  may  be  forced  to  scale back or curtail our business plan and exploration
activities.  As  a  result of this, your investment in us could become devalued.

ADAM  R. CEGIELSKI, OUR SOLE DIRECTOR AND OFFICER CAN VOTE AN AGGREGATE OF 50.5%
OF  OUR COMMON STOCK AND CAN EXERCISE CONTROL OVER CORPORATE DECISIONS INCLUDING
THE  APPOINTMENT  OF  NEW  DIRECTORS.

<PAGE>

Adam  R.  Cegielski,  our  sole  Director  and  officer can vote an aggregate of
40,000,000  shares  or  approximately  50.5%  of  our  outstanding Common Stock.
Accordingly,  Mr.  Cegielski will exercise control in determining the outcome of
all  corporate  transactions  or  other  matters,  including  the  election  of
directors,  mergers, consolidations, the sale of all or substantially all of our
assets,  and  also  the  power  to  prevent  or  cause  a change in control. Any
investors  who  purchase  shares  will be minority shareholders and as such will
have  little  to  no  say  in  the  direction of the Company and the election of
Directors. Additionally, it will be difficult if not impossible for investors to
remove  Mr.  Cegielski  as  a  Director  of the Company, which will mean he will
remain  in  control  of who serves as officers of the Company as well as whether
any  changes  are made in the Board of Directors. As a potential investor in the
Company,  you  should  keep in mind that even if you own shares of the Company's
Common  Stock  and  wish to vote them at annual or special shareholder meetings,
your  shares  will  likely  have  little  effect  on  the  outcome  of corporate
decisions.

WE  WILL BE SUBJECT TO NUMEROUS RISKS IF WE COMMENCE MINING OPERATIONS, OF WHICH
THERE  CAN  BE  NO  ASSURANCE.

The mineral exploration and mining business is competitive in all of its phases.
We  currently  have no mining operations of any kind; however, if we do commence
mining  activities  in  the  future,  we  will  be  subject  to  numerous risks,
including:

     o    competitors  with  greater  financial,  technical  and  other
          resources, in the search for and the acquisition of attractive mineral
          properties;

     o    our ability  to  select  and  acquire  suitable  producing  properties
          or  prospects  for  mineral  exploration;

     o    the accuracy  of  our  reserve  estimates,  if  any,  which  may  be
          affected  by  the  following  factors  beyond  our  control:

          -    declines  in  the  market  price  of  the various metals we mine;

          -    increased  production  or  capital  costs;

          -    reduction  in  the  grade  or  tonnage  of  the  deposit;

          -    increase  in  the  dilution  of  the  ore;  or

          -    reduced  recovery  rates;

     o    risks and  hazards  associated  with  environmental  hazards,
          political  and  country  risks,  civil unrest or terrorism, industrial
          accidents,  labor disputes, unusual or unexpected geologic formations,
          cave-ins,  explosive  rock  failures;  and  flooding  and  periodic
          interruptions  due  to  inclement or hazardous weather conditions; and

<PAGE>

     o    our failure  to  maintain  insurance  on  certain  risks  associated
          with  any  exploration  activities  we  may  undertake  in the future.

If  we  do  begin exploration activities in the future, of which there can be no
assurance,  we  will  be  subject  to the above risks. If any of the above risks
occur,  we may be forced to curtail or abandon our operations and/or exploration
and  development  activities,  if  any.  As a result, any investment in us could
decrease  in  value  and/or  become  worthless.

THERE  IS UNCERTAINTY AS TO OUR ABILITY TO ENFORCE CIVIL LIABILITIES BOTH IN AND
OUTSIDE  OF THE UNITED STATES DUE TO THE FACT THAT OUR SOLE OFFICER AND DIRECTOR
AND  ASSETS  ARE  NOT  LOCATED  IN  THE  UNITED  STATES.

Our  office  and  the  majority  of  our assets are located in Canada, while the
Yoquivo  Property, which we have entered into an Option Agreement to explore and
develop,  is  located  in  Mexico.  Our  sole officer and Director is located in
Canada.  As  a result, it may be difficult for shareholders to effect service of
process  within  the  United  States  on  our officer and Director. In addition,
investors may have difficulty enforcing judgments based upon the civil liability
provisions  of  the  securities  laws of the Unites States or any state thereof,
both  in  and  outside  of  the  United  States.

WE MAY NOT BE ABLE TO EARN OUR FIRST OR SECOND OPTION WITH WEST TIMMINS PURSUANT
TO  THE  OPTION  AGREEMENT.

In  June  2006, we entered into an Option Agreement with West Timmins to earn up
to  a  75% interest in the Yoquivo Property (as defined and described below). In
order  to  earn  the  interest  of  the Yoquivo Property, we are required to pay
$1,000,000  during  the  twenty-four  months following our entry into the Option
Agreement (i.e. prior to June 2008), towards the exploration of the property. We
currently  have  paid  only  $186,000  of  this  amount and anticipate paying an
additional  $45,000  shortly  after  the  filing of this report; however, we can
provide no assurance that we will be able to raise the additional capital needed
to  earn  our  interest in the property on favorable terms, if at all. If we are
unable  to  raise  the  capital  required  to  earn  the interest in the Yoquivo
Property,  our  current  expenditures  towards  such  Option  Agreement  will be
forfeited  and  we  could  be  forced to abandon or curtail our current business
plan.  If  this  were  to  happen,  the  value  of our common stock could become
worthless.

OUR DETERMINATIONS OF PLANNED ACTIVITIES AND ESTIMATES OF POTENTIAL RESERVES MAY
BE  INACCURATE.

We  are  currently  in  the exploration stage. Before we can begin a development
project, if ever, we must first determine whether it is economically feasible to
do  so.  This determination is based on estimates of several factors, including:

     o    expected  recovery  rates  of  metals  from  the  ore;

<PAGE>

     o    facility  and  equipment  costs;

     o    capital  and  operating  costs  of  a  development  project;

     o    future  metals  prices;

     o    currency  exchange  and  repatriation  risks;

     o    tax  rates;

     o    inflation  rates;

     o    political  risks  and  regulatory  climate  in  Canada;  and

     o    availability  of  credit.

Any  development projects we may undertake in the future will likely not have an
operating  history  upon  which  to base these estimates and as a result, actual
cash  operating costs and returns from a development project, if any, may differ
substantially  from  our  estimates.  Consequently,  it  may not be economically
feasible  to  continue  with  a  development  project,  if  one  is  started.

OUR  PLANNED  MINERAL  EXPLORATION  EFFORTS  ARE  HIGHLY  SPECULATIVE.

Mineral  exploration  is highly speculative. It involves many risks and is often
nonproductive.  Even  if we believe we have found a valuable mineral deposit, it
may  be  several  years  before production is possible. During that time, it may
become  no  longer  feasible to produce those minerals for economic, regulatory,
political,  or  other  reasons.  Additionally,  we  may  be  required  to  make
substantial  capital  expenditures  and  to  construct  mining  and  processing
facilities.  As  a  result of these costs and uncertainties, we may be unable to
start,  or  if  started,  to  finish  our  exploration  activities.

OUR  OPERATIONS,  IF  ANY,  WILL  BE  SUBJECT  TO  CURRENCY  FLUCTUATIONS.

While  we do not currently have any operations, we believe that our products, if
any,  will  be  sold  in  world  markets  in United States dollars. As a result,
currency  fluctuations  may  affect  the  cash  flow  we realize from our future
operations  and  exploration  activities, which we plan to conduct in Mexico, if
any. Foreign exchange fluctuations may materially adversely affect our financial
performance  and  results  of  operations.

OUR  PROPERTY  HAS  NOT  PRODUCED  ANY  COMMERCIAL RESERVES OR ORE BODY, AND THE
PROBABILITY  OF  SUCH PROPERTY PRODUCING ANY COMMERCIALLY VIABLE RESERVES IN THE
FUTURE  IS  REMOTE.

<PAGE>

Our  mineral  project  is in the exploration stage as opposed to the development
stage  and  we  have  no  known  body  of  economic  mineralization.  The  known
mineralization  at  these  projects  has not been determined to be economic ore.
Until further exploration activities can be conducted, there can be no assurance
that  a commercially mineable ore body exists on any of our properties. In order
to  carry  out exploration and development programs of any economic ore body and
place  it  into  commercial production, we will be required to raise substantial
additional  funding, and even if we are successful in completing our exploration
activities  on  our  property,  we  may  not be successful in finding commercial
quantities  of  minerals. Furthermore, the probability of an individual prospect
ever  having  reserves  or  being  commercially viable is extremely remote. As a
result, there is only a small probability that any of our properties contain any
reserves  and  that  any  funds  spent  on  exploration  activities will ever be
recovered.

MINING  OPERATIONS  IN  GENERAL  INVOLVE  A HIGH DEGREE OF RISK, WHICH WE MAY BE
UNABLE,  OR  MAY  NOT  CHOOSE  TO  INSURE  AGAINST,  MAKING  EXPLORATION  AND/OR
DEVELOPMENT  ACTIVITIES  WE  MAY PURSUE SUBJECT TO POTENTIAL LEGAL LIABILITY FOR
CERTAIN  CLAIMS.

Our  operations are subject to all of the hazards and risks normally encountered
in  the  exploration,  development  and  production  of  minerals. These include
unusual  and  unexpected  geological  formations, rock falls, flooding and other
conditions  involved in the drilling and removal of material, any of which could
result  in  damage  to, or destruction of, mines and other producing facilities,
damage  to  life or property, environmental damage and possible legal liability.
Although we plan to take adequate precautions to minimize these risks, and risks
associated  with equipment failure or failure of retaining dams which may result
in  environmental  pollution,  there  can  be  no  assurance  that even with our
precautions,  damage  or  loss will not occur and that we will not be subject to
liability  which will have a material adverse effect on our business, results of
operation and financial condition. If this were to happen, we could be forced to
curtail  or  abandon  our  business  activities.

NEVADA  LAW  AND  OUR  ARTICLES OF INCORPORATION AUTHORIZE US TO ISSUE SHARES OF
STOCK,  WHICH SHARES MAY CAUSE SUBSTANTIAL DILUTION TO OUR EXISTING SHAREHOLDERS
AND/OR  HAVE  RIGHTS  AND  PREFERENCES  GREATER  THAN  OUR  COMMON  STOCK.

Pursuant  to our Articles of Incorporation, we have 400,000,000 shares of Common
Stock  and 100,000,000 shares of preferred stock ("Preferred Stock") authorized.
As of November 13, 2006, 79,231,334 shares of our Common Stock were outstanding,
which  did not include an aggregate of 425,834 shares of Common Stock which were
sold  in August and September 2006, which shares have not been physically issued
to date and - 0 - shares of Preferred Stock issued and outstanding. As a result,
our  Board  of  Directors  has the ability to issue a large number of additional
shares of Common Stock without shareholder approval, which if issued could cause
substantial dilution to our then shareholders. Additionally, shares of Preferred
Stock  may be issued by our Board of Directors without shareholder approval with
voting  powers,  and  such  preferences and relative, participating, optional or
other  special  rights and powers as determined by our Board of Directors, which

<PAGE>

may be greater than our Common Stock. As a result, shares of Preferred Stock may
be  issued  by  our  Board  of  Directors  which cause the holders to have super
majority  voting  power  over  our  shares, provide the holders of the Preferred
Stock  the  right to convert the shares of Preferred Stock they hold into shares
of  our  Common  Stock,  which may cause substantial dilution to our then Common
Stock  shareholders  and/or have other rights and preferences greater than those
of  our  Common Stock shareholders. Investors should keep in mind that the Board
of  Directors  has  the authority to issue additional shares of Common Stock and
Preferred  Stock,  which  could  cause  substantial  dilution  to  our  existing
shareholders. Additionally, the dilutive effect of any Preferred Stock, which we
may  issue  may be exacerbated given the fact that such Preferred Stock may have
super  majority  voting  rights  and/or  other rights or preferences which could
provide  the  preferred  shareholders  with voting control over us subsequent to
this  offering  and/or  provide  those  holders  the power to prevent or cause a
change  in  control.  As a result, the issuance of shares of Common Stock and/or
Preferred Stock, may cause the value of our securities to decrease and/or become
worthless.

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  $328,035  for the three month period ended
September 30, 2006, had an accumulated deficit of $1,073,151 as of September 30,
2006,  and  have generated 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 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  us  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

<PAGE>

problems  include,  but  are  not limited to, unanticipated problems relating to
exploration,  and  additional  costs  and  expenses  that  may  exceed  current
estimates.  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  we  experience any of these
problems  or  delays,  our  exploration activities could become much more costly
than  originally  estimated  and  if such additional funding is not available if
needed,  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 mineral reserves containing gold,
silver,  or  other  precious  minerals or if we cannot explore mineral reserves,
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:

     o    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;

     o    Availability  and  costs  of  financing;

     o    Ongoing  costs  of  production;  and

     o    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  our  claims,  and  such other factors as government
regulations,  including  regulations relating to allowable production, importing
and  exporting  of  minerals,  and  environmental  protection.

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.

WE  MAY  CONDUCT  FURTHER  OFFERINGS  IN  THE  FUTURE IN WHICH CASE STOCKHOLDERS
HOLDINGS  WILL  BE  DILUTED.

We completed offerings of 35,200,000 and 2,400,000 shares of our common stock at
a  price  of  $0.0025  per share to investors on February 28, 2005 and April 14,
2005,  respectively. Additionally, we sold 183,334 shares of our or common stock
to  two  offshore investors in April 2006, 448,000 shares of our common stock to
three  offshore  investors  in  June 2006, at a price of $0.60 per share, and an
aggregate  of  425,834  shares  of our common stock to two offshore investors in
August and September 2006, at a price of $0.60 per share. Since our inception we
have  relied on such equity sales of our common stock to fund our operations. We
may  conduct  further  equity and/or debt 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 or debt offerings in
order  to  fund  our  business  operations.  If  we issue additional stock, each
stockholder's  percentage  interest in us will be lower. This condition is often
referred  to  as  "dilution".  The result of this could reduce the value of your
stock.

IF WE ARE LATE IN FILING OUR QUARTERLY OR ANNUAL REPORTS WITH THE SEC, WE MAY BE
DE-LISTED  FROM  THE  OVER-THE-COUNTER  BULLETIN  BOARD.

Pursuant  to new Over-The-Counter Bulletin Board ("OTCBB") rules relating to the
timely  filing of periodic reports with the SEC, any OTCBB issuer which fails to
file  a  periodic  report  (Form  10-QSB's  or 10-KSB's) by the due date of such
report  (not withstanding any extension granted to the issuer by the filing of a
Form  12b-25),  three  (3)  times  during  any  twenty-four (24) month period is
automatically  de-listed  from  the  OTCBB.  Such  removed  issuer  would not be
re-eligible  to  be  listed  on the OTCBB for a period of one-year, during which
time  any  subsequent late filing would reset the one-year period of de-listing.
If  we  are late in our filings three times in any twenty-four (24) month period
and are de-listed from the OTCBB, our securities may become worthless and we may
be  forced  to  curtail  or  abandon  our  business  plan.

<PAGE>

IF  THERE  IS  A  MARKET  FOR OUR COMMON STOCK, OUR STOCK PRICE MAY BE VOLATILE.

If  there  is a market for our common stock, we anticipate that such market will
be  subject  to wide fluctuations in response to several factors, including, but
not  limited  to:

     (1)  actual  or  anticipated  variations  in  our  results  of  operations;
     (2)  our  ability  or  inability  to  generate  new  revenues;
     (3)  the  number  of  shares  in  our  public  float;
     (4)  increased  competition;  and
     (5)  conditions  and  trends in the mining, gold, silver or precious metals
          industries.

Furthermore,  because  our  Common  Stock is traded on the NASD OTCBB, our stock
price  may  be impacted by factors that are unrelated or disproportionate to our
operating  performance.  These market fluctuations, as well as general economic,
political  and  market  conditions,  such  as  recessions,  interest  rates  or
international currency fluctuations may adversely affect the market price of our
common  stock.  Additionally,  at present, we have a limited number of shares in
our  public  float,  and as a result, there could be extreme fluctuations in the
price  of  our  common  stock.  Further, due to the limited volume of our shares
which trade and our limited public float, we believe that our stock prices (bid,
asked  and closing prices) are entirely arbitrary, are not related to the actual
value  of  the  Company, and do not reflect the actual value of our common stock
(and  in  fact  reflect a value that is much higher than the actual value of our
Common  Stock).  Shareholders and potential investors in our Common Stock should
exercise caution before making an investment in the Company, and should not rely
on  the  publicly  quoted or traded stock prices in determining our Common Stock
value,  but  should  instead  determine  value  of our Common Stock based on the
information contained in the Company's public reports, industry information, and
those  business  valuation  methods  commonly  used  to value private companies.

INVESTORS  MAY  FACE  SIGNIFICANT RESTRICTIONS ON THE RESALE OF OUR COMMON STOCK
DUE  TO  FEDERAL  REGULATIONS  OF  PENNY  STOCKS.

Our Common Stock will be subject to the requirements of Rule 15(g)9, promulgated
under  the  Securities  Exchange Act as long as the price of our Common Stock is
below  $4.00 per share. Under such rule, broker-dealers who recommend low-priced
securities  to persons other than established customers and accredited investors
must  satisfy  special sales practice requirements, including a requirement that
they  make an individualized written suitability determination for the purchaser
and  receive  the  purchaser's  consent prior to the transaction. The Securities
Enforcement  Remedies  and  Penny  Stock  Reform  Act  of  1990,  also  requires
additional disclosure in connection with any trades involving a stock defined as
a  penny  stock.  Generally,  the Commission defines a penny stock as any equity
security  not  traded on an exchange or quoted on NASDAQ that has a market price
of  less  than $4.00 per share. The required penny stock disclosures include the
delivery,  prior  to  any  transaction,  of a disclosure schedule explaining the
penny  stock  market  and  the risks associated with it. Such requirements could
severely  limit  the  market  liquidity  of  the  securities  and the ability of
purchasers  to  sell  their  securities  in  the  secondary  market.

<PAGE>

ITEM  3.  CONTROLS  AND  PROCEDURES

(a)  Evaluation  of  disclosure  controls  and  procedures.  Our Chief Executive
Officer  and  Principal Financial Officer, after evaluating the effectiveness of
our  "disclosure controls and procedures" (as defined in the Securities Exchange
Act  of  1934 Rules 13a-15(e) and 15d-15(e)) as of the end of the period covered
by  this Quarterly Report on Form 10-QSB (the "Evaluation Date"), have concluded
that  as  of  the  Evaluation  Date,  our disclosure controls and procedures are
effective  to  provide  reasonable assurance that information we are required to
disclose  in  reports that we file or submit under the Exchange Act is recorded,
processed,  summarized  and  reported  within  the time periods specified in the
Securities and Exchange Commission rules and forms, and that such information is
accumulated  and  communicated  to our management, including our Chief Executive
Officer  and  Principal  Financial  Officer,  as  appropriate,  to  allow timely
decisions  regarding  required  disclosure.

(b)  Changes  in  internal  control  over  financial  reporting.  There  were no
significant  changes in our internal control over financial reporting during our
most  recent  fiscal quarter that materially affected, or were reasonably likely
to  materially  affect,  our  internal  control  over  financial  reporting.


                           PART II - OTHER INFORMATION

ITEM  1.  LEGAL  PROCEEDINGS

From  time to time, we may become party to litigation or other legal proceedings
that we consider to be a part of the ordinary course of our business. We are not
currently  involved  in  legal  proceedings that could reasonably be expected to
have  a  material adverse effect on our business, prospects, financial condition
or  results  of operations. We may become involved in material legal proceedings
in  the  future.

ITEM  2.  UNREGISTERED  SALES  OF  EQUITY  SECURITIES

On  May  11, 2006, we issued an aggregate of 500,000 shares of restricted common
stock  to  Sydney  Resource  Corporation  ("Sydney"),  which  later  merged with
Band-Ore  Resources,  Ltd.,  and  is  now known as West Timmins Mining, Inc., in
connection with our entry into a Letter of Intent for the planned formation of a
joint  venture  company  to  explore  and  develop a prospective gold and silver
property  in  Sonora  State,  Mexico,  with  a  wholly  owned subsidiary of West
Timmins,  which  Letter  of  Intent was later consummated by an Option Agreement
(described  in  greater  detail  above). We claim an exemption from registration
afforded  by  Section  4(2)  of the Securities Act of 1933 (the "Act") since the
foregoing  issuance  did  not  involve a public offering, the recipient took the
shares  for  investment  and  not  resale  and  we  took appropriate measures to
restrict  transfer.  No  underwriters  or  agents were involved in the foregoing
issuance  and  no  underwriting  discount  or  commission  was  paid  by  us.

In  April  2006, we sold 100,000 shares of common stock to one entity and 83,334
shares of common stock to an individual for aggregate consideration of $110,000,

<PAGE>

or  $0.60  per  share,  which funds were received subsequent to the three months
ended  June  30,  2006.  We  claim  an  exemption  from registration afforded by
Regulation  S  for the above issuances since the issuances were made to non-U.S.
persons  (as defined under Rule 902 section (k)(2)(i) of Regulation S), pursuant
to  offshore  transactions,  and  no  directed  selling efforts were made in the
United  States  by  us,  a distributor, any respective affiliates, or any person
acting  on  behalf  of  any  of  the  foregoing.

In  July  2006,  we sold an aggregate of 448,000 shares of our restricted common
stock  to  two  entities and one individual in consideration for an aggregate of
$268,800,  or  $0.60 per share. We claim an exemption from registration afforded
by  Regulation  S  for  the  above  issuances  since  the issuances were made to
non-U.S.  persons (as defined under Rule 902 section (k)(2)(i) of Regulation S),
pursuant  to offshore transactions, and no directed selling efforts were made in
the United States by us, a distributor, any respective affiliates, or any person
acting  on  behalf  of  any  of  the  foregoing.

In  August  2006, we agreed to sell 80,000 shares of our restricted common stock
to an individual in consideration for $48,000, or $0.60 per share, in connection
with  the  individual's  entry  into  an  offshore subscription agreement, which
shares  have  not  been  issued  to  date.  We  will  claim  an  exemption  from
registration  afforded by Regulation S of the Securities Act of 1933, as amended
("Regulation  S"),  for  the above issuance since the issuance will be made to a
non-U.S.  person  (as defined under Rule 902 section (k)(2)(i) of Regulation S),
pursuant  to offshore transactions, and no directed selling efforts were made in
the United States by us, a distributor, any respective affiliates, or any person
acting  on  behalf  of  any  of  the  foregoing.

In  September  2006,  we  agreed to sell 345,834 shares of our restricted common
stock  to  an  entity  in  consideration  for  $207,500,  or $0.60 per share, in
connection  with  the  entity's  entry  into an offshore subscription agreement,
which  shares  have  not  been  issued  to date. We will claim an exemption from
registration  afforded by Regulation S of the Securities Act of 1933, as amended
("Regulation  S"),  for  the above issuance since the issuance will be made to a
non-U.S.  person  (as defined under Rule 902 section (k)(2)(i) of Regulation S),
pursuant  to offshore transactions, and no directed selling efforts were made in
the United States by us, a distributor, any respective affiliates, or any person
acting  on  behalf  of  any  of  the  foregoing.


ITEM  3.  DEFAULTS  UPON  SENIOR  SECURITIES.

None.

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

None.

ITEM  5.  OTHER  INFORMATION

<PAGE>

It  has  come  to  the  attention  of  our  management that information is being
distributed  about  us  via  email  by  third  parties  that  is not authorized,
sanctioned  or  paid  for  by  us.  We  caution  investors  not  to rely on such
information  and  we  encourage  investors and shareholders to visit our website
(www.konigsbergcorp.com),  and/or the Commission's website www.sec.gov to review
our  public  filings  and results of operations, for accurate information on us.

ITEM  6.  EXHIBITS  AND  REPORTS  ON  FORM  8-K

 a)  Exhibits

Exhibit  No.         Description
-----------          ------------
3.1(1)               Articles  of  Incorporation.

3.2(1)               Bylaws,  as  amended.

3.3(2)               Certificate  of  Change  Pursuant  to  NRS  78.209

3.2(2)               Certificate  of Correction to the Company's Articles
                     of Incorporation

10.1(3)              Stock  Purchase  Agreement  between Susan Downing
                     and Adam Cegielski

10.2(4)              Option Agreement with Sydney (which later merged with
                     another entity and  is  now  known  as  West  Timmins
                     Mining  Inc.).

31*                  Chief  Executive  Officer  and  Chief  Financial
                     Officer  Certification pursuant  to  Section  302  of
                     the  Sarbanes-Oxley  Act  of  2002

32*                  Chief  Executive  Officer  and  Chief  Financial
                     Officer  Certification pursuant  to  Section  906  of
                     the  Sarbanes-Oxley  Act  of  2002

 *  Filed  Herein.

(1)     Filed as exhibits to our Form SB-2 Registration Statement filed with the
Commission  on  August  15,  2005,  and  incorporated  herein  by  reference.

(2)     Filed as exhibits to our Report on Form 8-K filed with the Commission on
April  25,  2006,  and  incorporated  herein  by  reference.

(3)     Filed  as an exhibit to our Report on Form 8-K filed with the Commission
on  March  29,  2006,  and  incorporated  herein  by  reference.

<PAGE>

(4)     Filed  as an exhibit to our Report on Form 8-K filed with the Commission
on  June  13,  2006,  and  incorporated  herein  by  reference.

b)  REPORTS  ON  FORM  8-K

We  filed  the  following  one  report on Form 8-K during the three months ended
September  30,  2006:

October  10,  2006 -     to  report  the  sale  of  an  aggregate  of  425,834
                         shares  of our common stock for aggregate consideration
                         of  $255,500  (or $0.60 per share) pursuant to offshore
                         subscription  agreements.





                                   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

DATED:  November  17,  2006               By:  /s/  Adam  R.  Cegielski
                                          -----------------------------
                                          Adam  R.  Cegielski
                                          Chief  Executive  Officer

<PAGE>