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UNITED STATES**SECURITIES AND EXCHANGE COMMISSIONWashington, D.C.
20549**

FORM 10-QSB

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

For the quarterly period ended December 31,
2005

 ̈ Transition
  Report Under Section 13 Or 15(d) Of The Securities Exchange Act Of 1934
  For the transition period ________ 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 incorporation or | (IRS Employer Identification No.)
|organization)                                    |                                  

435 Martin Street, Suite 3220 Blaine, WA
98230(Address of principal executive offices)

(360) 332-3462Issuer's telephone number

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

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

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

State the number of shares outstanding of each of the issuer's
classes of common equity, as of the latest practicable date: As of February
13, 2006, the Issuer had 19,400,000 Shares of Common Stock outstanding.

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

1

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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 nine months ended December 31, 2005
are not necessarily indicative of the results that can be expected for the year
ending March 31, 2006.

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

2

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KONIGSBERG CORPORATION(An Exploration Stage Company)

THIRD QUARTER CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2005(Unaudited)
  (Stated in U.S. Dollars)

F-1

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KONIGSBERG CORPORATION(An Exploration Stage Company)

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

|                                                     |   | DECEMBER 31 |   |   | MARCH 31 |  
|---------------------------------------------------- | - | ----------- | - | - | -------- | -
|                                                     |   | 2005        |   |   | 2005     |  
|                                                     |   |             |   |   |          |  
|ASSETS                                               |   |             |   |   |          |  
|                                                     |   |             |   |   |          |  
|Current                                              |   |             |   |   |          |  
|Cash                                                 | $ | 50,023      |   | $ | 84,893   |  
|Prepaid expenses                                     |   | 313         |   |   | 4,301    |  
|                                                     |   |             |   |   |          |  
|                                                     | $ | 50,336      |   | $ | 89,194   |  
|                                                     |   |             |   |   |          |  
|LIABILITIES                                          |   |             |   |   |          |  
|                                                     |   |             |   |   |          |  
|Current                                              |   |             |   |   |          |  
|Accounts
      payable and accrued liabilities       | $ | 4,930       |   | $ | 2,508    |  
|                                                     |   |             |   |   |          |  
|STOCKHOLDERS EQUITY                                 |   |             |   |   |          |  
|                                                     |   |             |   |   |          |  
|Share Capital                                        |   |             |   |   |          |  
|Authorized:                                          |   |             |   |   |          |  
|100,000,000 common voting shares with a par value of |   |             |   |   |          |  
|$0.001 per share                                     |   |             |   |   |          |  
|100,000,000 preferred shares with a par value of     |   |             |   |   |          |  
|$0.001 per share                                     |   |             |   |   |          |  
|                                                     |   |             |   |   |          |  
|Issued and outstanding:                              |   |             |   |   |          |  
|19,400,000 common shares at December 31, 2005        |   | 19,400      |   |   | 18,800   |  
|and 18,800,000 common shares at March 31, 2005       |   |             |   |   |          |  
|                                                     |   |             |   |   |          |  
|Additional Paid-In Capital                           |   | 84,600      |   |   | 79,200   |  
|                                                     |   |             |   |   |          |  
|Deficit Accumulated During The Exploration Stage     |   | (58,594     | ) |   | (11,314  | )
|                                                     |   | 45,406      |   |   | 86,686   |  
|                                                     |   |             |   |   |          |  
|                                                     | $ | 50,336      |   | $ | 89,194   |  

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

F-2

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KONIGSBERG CORPORATION(An Exploration Stage Company)

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

|                                              |   |             |   |   |             |   |   | CUMULATIVE  |  
|--------------------------------------------- | - | ----------- | - | - | ----------- | - | - | ----------- | -
|                                              |   |             |   |   |             |   |   | PERIOD FROM |  
|                                              |   | THREE       |   |   | NINE        |   |   | INCEPTION   |  
|                                              |   | MONTHS      |   |   | MONTHS      |   |   | NOVEMBER 3  |  
|                                              |   | ENDED       |   |   | ENDED       |   |   | 2004 TO     |  
|                                              |   | DECEMBER 31 |   |   | DECEMBER 31 |   |   | DECEMBER 31 |  
|                                              |   | 2005        |   |   | 2005        |   |   | 2005        |  
|                                              |   |             |   |   |             |   |   |             |  
|Revenue                                       | $ | -           |   | $ | -           |   | $ | -           |  
|                                              |   |             |   |   |             |   |   |             |  
|Expenses                                      |   |             |   |   |             |   |   |             |  
|Mineral property acquisition
      cost and   |   | 4,289       |   |   | 9,289       |   |   | 9,289       |  
|exploration
      expense                     |   |             |   |   |             |   |   |             |  
|Office and sundry                             |   | 2,407       |   |   | 6,482       |   |   | 7,456       |  
|Professional
      fees                       |   | 12,893      |   |   | 32,149      |   |   | 38,989      |  
|Write down of mineral property
      interest |   | -           |   |   | -           |   |   | 3,500       |  
|Gain on foreign
      exchange                |   | (60         | ) |   | (640        | ) |   | (640        | )
|                                              |   |             |   |   |             |   |   |             |  
|Net Loss For The Period                       | $ | 19,529      |   | $ | 47,280      |   | $ | 58,594      |  
|                                              |   |             |   |   |             |   |   |             |  
|                                              |   |             |   |   |             |   |   |             |  
|Basic And Diluted
      Loss Per Share        | $ | (0.00       | ) | $ | (0.00       | ) |   |             |  
|                                              |   |             |   |   |             |   |   |             |  
|                                              |   |             |   |   |             |   |   |             |  
|Weighted Average Number Of Common             |   |             |   |   |             |   |   |             |  
|**Shares
      Outstanding**                  |   | 19,400,000  |   |   | 19,367,273  |   |   |             |  

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

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

F-3

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KONIGSBERG CORPORATION(An Exploration Stage Company)

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

|                                             |   |             |   |   |             |   |   | CUMULATIVE  |  
|-------------------------------------------- | - | ----------- | - | - | ----------- | - | - | ----------- | -
|                                             |   |             |   |   |             |   |   | PERIOD FROM |  
|                                             |   | THREE       |   |   | NINE        |   |   | INCEPTION   |  
|                                             |   | MONTHS      |   |   | MONTHS      |   |   | NOVEMBER 3  |  
|                                             |   | ENDED       |   |   | ENDED       |   |   | 2004 TO     |  
|                                             |   | DECEMBER 31 |   |   | DECEMBER 31 |   |   | DECEMBER 31 |  
|                                             |   | 2005        |   |   | 2005        |   |   | 2005        |  
|                                             |   |             |   |   |             |   |   |             |  
|Cash Flows From Operating Activities         |   |             |   |   |             |   |   |             |  
|Net loss
      for the period                | $ | (19,529     | ) | $ | (47,280     | ) | $ | (58,594     | )
|Item not affecting cash:                     |   |             |   |   |             |   |   |             |  
|Write down of mineral property interest      |   | -           |   |   | -           |   |   | 3,500       |  
|                                             |   |             |   |   |             |   |   |             |  
|Changes in
      non-cash working capital    |   |             |   |   |             |   |   |             |  
|items:                                       |   |             |   |   |             |   |   |             |  
|Accounts payable and accrued                 |   |             |   |   |             |   |   |             |  
|liabilities                                  |   | (1,328      | ) |   | 2,422       |   |   | 4,930       |  
|Prepaid expenses                             |   | (68         | ) |   | 3,988       |   |   | (313        | )
|                                             |   | (20,925     | ) |   | (40,870     | ) |   | (50,477     | )
|                                             |   |             |   |   |             |   |   |             |  
|Cash Flows From Financing Activity           |   |             |   |   |             |   |   |             |  
|Share capital
      issued                   |   | -           |   |   | 6,000       |   |   | 104,000     |  
|                                             |   |             |   |   |             |   |   |             |  
|Cash Flows From Investing Activity           |   |             |   |   |             |   |   |             |  
|Additions to mineral property
      interest |   | -           |   |   | -           |   |   | (3,500      | )
|                                             |   |             |   |   |             |   |   |             |  
|(Decrease) Increase In Cash                  |   | (20,925     | ) |   | (34,870     | ) |   | 50,023      |  
|                                             |   |             |   |   |             |   |   |             |  
|Cash, Beginning Of Period                    |   | 70,948      |   |   | 84,893      |   |   | -           |  
|                                             |   |             |   |   |             |   |   |             |  
|Cash, End Of Period                          | $ | 50,023      |   | $ | 50,023      |   | $ | 50,023      |  

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

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

F-4

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KONIGSBERG CORPORATION(An Exploration Stage Company)

CONSOLIDATED STATEMENT OF STOCKHOLDERS EQUITY

PERIOD FROM NOVEMBER 3, 2004 (INCEPTION) TO DECEMBER 31, 2005(Unaudited)
  (Stated in U.S. Dollars)

DEFICITCOMMON STOCK
      
      
      ACCUMULATEDADDITIONAL
      
      
      DURING THEPAID-IN
      
      
      EXPLORATIONSHARES
      
      
      AMOUNT
      
      
      CAPITAL
      
      
      STAGE
      
      
      TOTALBalance, November 3, 2004(Date of inception)
      
      -
      
      $
      -
      
      $
      -
      
      $
      -
      
      $
      -Shares issued for cash:November 3, 2004 at$0.001
      
      10,000,000
      
      
      10,000
      
      
      -
      
      
      -
      
      
      10,000February 28, 2005 at$0.01
      
      8,800,000
      
      
      8,800
      
      
      79,200
      
      
      -
      
      
      88,000Net loss for the period
      
      -
      
      
      -
      
      
      -
      
      
      (11,314
      )
      
      (11,314
      )Balance, March 31, 2005
      
      18,800,000
      
      
      18,800
      
      
      79,200
      
      
      (11,314
      )
      
      86,686Shares issued for cash:April 14,
        2005 at $0.01
      
      600,000
      
      
      600
      
      
      5,400
      
      
      -
      
      
      6,000Net loss for the period
      
      -
      
      
      -
      
      
      -
      
      
      (47,280
      )
      
      (47,280
      )Balance, December 31, 2005
      
      19,400,000
      
      $
      19,400
      
      $
      84,600
      
      $
      (58,594
      )
      $
      45,406


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

F-5

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KONIGSBERG CORPORATION(An Exploration Stage Company)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2005(Unaudited)
  (Stated in U.S. Dollars)

|1. | BASIS OF PRESENTATION                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|-- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|   | The unaudited financial information furnished herein
        reflects all adjustments which, in the opinion of management, are necessary
        to fairly state the Companys financial position and the results
        of its operations for the periods presented. These third quarter financial
        statements should be read in conjunction with the Companys financial
        statements and notes thereto included in the Companys Form SB-2
        for the fiscal year ended March 31, 2005. The Company assumes that the
        users of the interim financial information herein have read, or have access
        to, the audited financial statements for the preceding fiscal year, and
        that the adequacy of additional disclosure needed for a fair presentation
        may be determined in that context. Accordingly, footnote disclosure, which
        would substantially duplicate the disclosure contained in the Companys
        Form SB-2 for the fiscal year ended March 31, 2005, has been omitted.
        The results of operations for the nine month period ended December 31,
        2005 are not necessarily indicative of results for the entire year ending
        March 31, 2006.
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|2. | NATURE AND CONTINUANCE OF OPERATIONS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|   | The Company was incorporated in the State of Nevada
        on November 3, 2004. The Company is an Exploration Stage Company as defined
        by Statement of Financial Accounting Standard (SFAS) No. 7.
        The Company has acquired a mineral property located in the Nanaimo Mining
        Division, British Columbia, Canada, and has not yet determined whether
        this property contains reserves that are economically recoverable. The
        recoverability of property expenditures will be dependent upon the discovery
        of economically recoverable reserves, confirmation of the Companys
        interest in the underlying property, the ability of the Company to obtain
        necessary financing to satisfy the expenditure requirements under the
        property agreement and upon future profitable production or proceeds for
        the sale thereof.                                                                                                                                                                                                                                                                                                                                 
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|   | These financial statements have been prepared on a going
        concern basis. The Company has incurred losses since inception resulting
        in an accumulated deficit of $58,594 since inception and further losses
        are anticipated in the development of its business raising substantial
        doubt about the Companys ability to continue as a going concern.
        Its ability to continue as a going concern is dependent upon the ability
        of the Company to generate profitable operations in the future and/or
        to obtain the necessary financing to meet its obligations and repay its
        liabilities arising from normal business operations when they come due.
        Management has plans to seek additional capital through a private placement
        and public offering of its common stock. The financial statements do not
        include any adjustments relating to the recoverability and classification
        of recorded assets, or the amounts of and classification of liabilities
        that might be necessary in the event the Company cannot continue in existence.                                                                                           

F-6

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KONIGSBERG CORPORATION(An Exploration Stage Company)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2005(Unaudited)
  (Stated in U.S. Dollars)

|3. | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|-- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|   | The financial statements of the Company have
        been prepared in accordance with generally accepted accounting principles
        in the United States of America. Because a precise determination of many
        assets and liabilities is dependent upon future events, the preparation
        of financial statements for a period necessarily involves the use of estimates
        which have been made using careful judgment. Actual results may vary from
        these estimates.
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|   | The financial statements have, in managements
        opinion, been properly prepared within reasonable limits of materiality
        and within the framework of the significant accounting policies summarized
        below:                                                                                                                                                                                                                                                                 
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|   | a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|   | b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  

F-7

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KONIGSBERG CORPORATION(An Exploration Stage Company)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2005(Unaudited)
  (Stated in U.S. Dollars)

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

F-8

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KONIGSBERG CORPORATION(An Exploration Stage Company)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2005(Unaudited)
  (Stated in U.S. Dollars)

|4. | MINERAL PROPERTY                                                                                                                                                                                                                                                                                                               
|-- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                
|   | Pursuant to a mineral property agreement dated November
        3, 2004, the Company purchased a 100% undivided right, title and interest
        in four mineral claims in an area known as the Nanaimo Lakes claims in
        the Nanaimo Mining Division for a cash payment of US$3,500 (paid on November
        4, 2004).
|   |                                                                                                                                                                                                                                                                                                                                
|   | 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.                                                                                                                 
|   |                                                                                                                                                                                                                                                                                                                                
|5. | SHARE CAPITAL                                                                                                                                                                                                                                                                                                                  
|   |                                                                                                                                                                                                                                                                                                                                
|   | On November 3, 2004, the Company issued 10,000,000 common
        shares at $0.001 for total cash proceeds of $10,000 to an officer and
        director of the Company.                                                                                                                                                       
|   |                                                                                                                                                                                                                                                                                                                                
|   | On February 28, 2005, the Company issued 8,800,000 common
        shares at $0.01 for total cash proceeds of $88,000.                                                                                                                                                                                                          
|   |                                                                                                                                                                                                                                                                                                                                
|   | On April 14, 2005, the Company issued 600,000 common
        shares at $0.01 for total cash proceeds of $6,000.                                                                                                                                                                                                                
|   |                                                                                                                                                                                                                                                                                                                                
|   | At December 31, 2005, there were no outstanding stock
        options or warrants.                                                                                                                                                                                                                                             

F-9

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

Cautionary Statement Regarding Forward-Looking
Statements

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

Overview

We are an exploration stage company engaged in the acquisition
  and exploration of mineral properties. We acquired a 100% undivided interest
  in two mineral claims known as the "Nanaimo Lake Claims 1 & 2”
  comprised of a cell claim block totaling 84.59 hectares located nine miles southeast
  of the town of Nanaimo, British Columbia between the two Nanaimo Lakes located
  on Vancouver Island, British Columbia. Our plan of operation is to conduct mineral
  exploration activities on the Nanaimo Lake Claims in order to assess whether
  they possess mineral deposits of copper, silver, molybdenum and gold capable
  of commercial extraction.

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

Recent Corporate Developments

Since the completion of our fiscal quarter ended September 30,
2005 we have experienced the following significant developments:

| | 1. | In February, 2006 our shares of common stock commenced
      trading on the over-the- counter bulletin board under the symbol
      KNBG.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
| | -- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
| | 2. | The second phase of our exploration program was completed
      in December, 2005 and we expect to receive a final report on the results
      of Phase II from our geologist during our second quarter. Based on the
      preliminary assay results of Phase II on the Moly 1 and Moly II claims, we
      determined to forfeit our interest in these claims during the quarter
      ended December 31, 2005. Also, based on the preliminary results of Phase
      II, our geologist recommended that the Nanaimo Lakes Claims be extended to
      include an additional 105.74 hectare area (the New Claim Area)
      surrounding the Western and Southern portion of the Nanaimo Lakes Claims.
      In December, 2005 our geologist staked the New Claim Area on our behalf
      and registered the claim under the name Nanaimo Lakes
  2.

3

---

| | 3. | We registered the resale of 9,400,000 shares of our
      common stock (the Shares) offered by selling stockholders of Konigsberg
      at a price of $0.02 per share pursuant to a registration statement on Form
      SB-2 under the Securities Act of 1933 (the Offering). The SEC declared
      our registration statement on Form SB-2 (File No. 333-127581), effective
      at 12:00 pm (Eastern) on November 1, 2005 (the Effective
  Date).
| | -- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Acquisition of the Nanaimo Lake Claims

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

Description of Property and Location of Nanaimo Lake Mineral
Claims

The Nanaimo Lake Claims property is comprised of two mineral
  claims with a total area of approximately 84.59 hectares, located nine miles
  southeast of the town of Nanaimo, British Columbia between the two Nanaimo Lakes
  located on Vancouver Island, British Columbia.

Current State of Exploration

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

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

Phase I - Exploration Program

Phase I of our exploration program was completed in early May,
  2005. We received a report on Phase I of our exploration program on May 25,
  2005. The Phase I exploratory program was conducted over a period of three days
  and consisted of confirmation of past results by blast trenching and sampling
  and relocation of mineralized zones and structural features. Two additional
  mineral claims adjoining the Nanaimo Lake 1 & 2 claims were staked on our
  behalf and were recorded as the Moly I and Moly II claims. Pursuant to the Phase
  I report, relocation of the showings on the Nanaimo Lake Claims was difficult
  due to thick new growth of vegetation and

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underbrush; however, one pit containing strong quartz vein six
feet in width was sampled revealing the following results:

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


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

Phase II - Exploration Program

The second phase of our exploration program was completed in
December, 2005 and we expect to receive a final report on the results of Phase
II from our geologist during our second quarter. Based on the preliminary assay
results on the Moly 1 and Moly II claims, we determined to forfeit our interest
in these claims. Also, based on the preliminary results of Phase II, our
geologist recommended that the Nanaimo Lakes Claims be extended to include an
additional 105.74 hectare area (the New Claim Area) surrounding the Western
and Southern portion of the Nanaimo Lakes Claims. In December, 2005 our
geologist staked the New Claim Area on our behalf and registered the claim under
the name Nanaimo Lakes 2.

PLAN OF OPERATION

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

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

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

Phase
    Exploration Program
    Cost
    StatusI
    1.     Staking and recording additional
      mineral claims.
    $1,500
    Phase I Completed.


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Phase
      Exploration Program
    Cost
    Status2.     Location
          and sampling of showing (pits and trenches).
    $2,5003.     Transportation,
        room and board.
    $1,000II
      1.    
        Trenching and sampling.
    $1,000
    Phase II Completedin December, 2005.2.    
        Geological mapping.
    $1,5003.    
        E.M. and magnetometer surveys.
    $5,0004.     Transportation,
        analyses, room and board.
    $2,500III
      1.     Diamond
        drilling, est. 2000 feet @ $25 per foot.
    $50,000
    To be completed in2006 based on2.     Logging,
        sampling, analyses.
    $10,000
    results of Phase II.3.
              Transportation, room and board, miscellaneous costs.
    $5,000TOTAL
    
    $80,000


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

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

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

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

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

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


Our total expenditures over the next twelve months are
anticipated to be approximately $23,000. Our cash on hand as of December 31,
2005 is $50,023. We have sufficient cash on hand to pay the costs of Phase II of
our proposed exploration program and to fund our operations for the next twelve
months. However, we will require additional financing in order to proceed with
any additional work beyond Phase II of our exploration program.

Future Financings

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

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

REVENUE

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

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

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LIQUIDITY AND CAPITAL RESOURCES

|Working Capital     |   |                      |  |   |                   |  |  |                       | 
|------------------- | - | -------------------- |  | - | ----------------- |  |  | --------------------- | 
|                    |   |                      |  |   |                   |  |  | Percentage            | 
|                    |   | At December 31, 2005 |  |   | At March 31, 2005 |  |  | Increase / (Decrease) | 
|Current Assets      | $ | 50,336               |  | $ | 89,194            |  |  | (43.6)%               | 
|Current Liabilities |   | 4,930                |  |   | 2,508             |  |  | 96.6%                 | 
|Working Capital     | $ | 45,406               |  | $ | 86,686            |  |  | (47.6)%               | 

|Cash Flows                                    |   |                   |   |   |                   |  
|--------------------------------------------- | - | ----------------- | - | - | ----------------- | -
|                                              |   | Nine Months Ended |   |   | From Inception to |  
|                                              |   | December 31, 2005 |   |   | December 31, 2005 |  
|Cash Flows Used In Operating Activities       | $ | (40,870           | ) | $ | (50,477           | )
|Cash Flows Used In Investing Activities       |   | -                 |   |   | (3,500            | )
|Cash Flows From Financing Activities          |   | 6,000             |   |   | 104,000           |  
|Net Increase (Decrease) In Cash During Period | $ | (34,870           | ) | $ | 50,023            |  

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

As of December 31, 2005, we had cash on hand of $50,023. Since
our inception, we have used our common stock to raise money for our operations
and for our property acquisitions. We have not attained profitable operations
and are dependent upon obtaining financing to pursue our plan of operation. For
these reasons, our auditors stated in their report to our audited financial
statements for the period ended March 31, 2005, that there is substantial doubt
that we will be able to continue as a going concern.

Future Financing

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

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

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OFF-BALANCE SHEET ARRANGEMENTS

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

CRITICAL ACCOUNTING POLICIES

The consolidated financial statements presented with this
Quarterly Report on Form 10-QSB have been prepared in accordance with generally
accepted accounting principles in the United States of America for interim
financial information. These financial statements do not include all information
and footnote disclosures required for an annual set of financial statements
prepared under United States generally accepted accounting principles. In the
opinion of our management, all adjustments (consisting solely of normal
recurring accruals) considered necessary for a fair presentation of the
financial position, results of operations and cash flows as at December 31, 2005
and for all periods presented in the attached financial statements, have been
included. Interim results for the three month and nine month period ended
December 31, 2005 are not necessarily indicative of the results that may be
expected for the fiscal year as a whole.

We have identified certain accounting policies, described
below, that are most important to the portrayal of our current financial
condition and results of operations. Our significant accounting policies are
disclosed in the notes to our interim financial statements for the period ended
December 31, 2005.

Consolidation

The accompanying consolidated financial statements include the
accounts of Konigsbergs wholly owned British Columbia subsidiary, Konigsberg
Explorations Inc.

Mineral Properties and Exploration Expenditures

Konigsberg expenses all costs incurred on mineral properties to
which it has secured exploration rights prior to the establishment of proven and
probably 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.

Management 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 period ended March 31, 2005, Konigsberg
recorded impairments of $3,500 of its mineral properties.

Exploration Expenditure

Konigsberg follows a policy of expensing exploration
expenditures until a production decision in respect of the project and
Konigsberg 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.

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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 Konigsberg will continue exploration on such project. Konigsberg 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.

Konigsbergs exploration activities and proposed mine
developments are subject to various laws and regulations governing the
protection of the environment. These laws are continually changing, generally
becoming more restrictive. Konigsberg 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.

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 accompanying this quarterly report and the reported
amounts of revenues and expenses during the reporting period. Actual results
could differ from those estimates.

RISKS AND UNCERTAINTIES

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

Our current operating funds are sufficient to complete the
proposed exploration program; however, they will be insufficient to complete the
full exploration of the mineral claims and begin mining efforts should the
mineral claims prove to contain mineral reserves. Therefore, we will need to
obtain additional financing in order to complete our full business plan. As of
December 31, 2005, we had cash in the amount of $50,023. We currently do not
have any income. Our plan of operation calls for significant expenses in
connection with the exploration of our mineral claims. We will need additional
financing to proceed past Phase II of our exploration program. We may also
require additional financing if the costs of the exploration of our mineral
claims are greater than anticipated. We may also require additional financing to
sustain our business operations if we are not successful in earning revenues. We
currently do not have any arrangements for financing and we may not be able to
obtain financing when required. Obtaining additional financing would be subject
to a number of factors, including positive results from our Phase II

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exploration program and any unanticipated problems relating to
our mineral exploration including environmental assessments and additional costs
and expenses that may exceed our current estimates. These factors may make the
timing, amount, terms or conditions of additional financing unavailable to us in
which case our business will fail.

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

We have incurred a net loss of $58,594 for the period from November
  3, 2004 (inception) to December 31, 2005, and have no revenues to date. Our
  future is dependent upon our ability to obtain financing and upon future profitable
  operations from the development of our mineral claims. These factors raise substantial
  doubt that we will be able to continue as a going concern. Telford Sadovnick,
  P.L.L.C., our independent auditors, have expressed substantial doubt about our
  ability to continue as a going concern given our recurring losses from operations,
  which are described in the first risk factor above. This opinion could materially
  limit our ability to raise additional funds by issuing new debt or equity securities
  or otherwise. If we fail to raise sufficient capital, we will not be able to
  implement our exploration program which requires significant funding past the
  second phase, as a result we may have to liquidate our business and stockholders
  may lose their investment. Investors should consider our auditor's comments
  when determining if an investment in Konigsberg is suitable.

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

Stockholders should be aware of the difficulties normally
encountered by new mineral exploration companies and the high rate of failure of
such enterprises. The likelihood of success must be considered in light of the
problems, expenses, difficulties, complications and delays encountered in
connection with the exploration of the mineral properties that we plan to
undertake. These potential problems include, but are not limited to,
unanticipated problems relating to exploration, and additional costs and
expenses that may exceed current estimates. Our Nanaimo Lakes Claims do not
contain a known body of commercial ore and, therefore, any program conducted on
the Nanaimo Lakes Claims would be an exploratory search of ore. There is no
certainty that any expenditures made in the exploration of the Nanaimo Lakes
Claims will result in discoveries of commercial quantities of ore. Most
exploration projects do not result in the discovery of commercially mineable
deposits of ore. Problems such as unusual or unexpected formations and other
conditions are involved in mineral exploration and often result in unsuccessful
exploration efforts. The two claims in the Nanaimo Lakes Mining District were
forfeited on November 29, 2005 after our Phase II exploration program revealed
poor assay results for the claims. If the final results of Phase II of our
exploration program do not reveal viable commercial mineralization, we may
decide to abandon our claim and acquire new claims for new exploration. The
acquisition of additional claims will be dependent upon our possessing capital
resources at the time in order to purchase such claims. If no funding is
available, we may be forced to abandon our operations.

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

We have no mineral reserves. If we do not find a mineral
reserve containing gold, copper, molybdenum or silver or if we cannot explore
the mineral reserve, either because we do not have the money to do it or because
it will not be economically feasible to do it, we will have to cease operations
and stockholders will lose their investment. Mineral exploration, particularly
for gold, is

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highly speculative. It involves many risks and is often
non-productive. Even if we are able to find mineral reserves on our property our
production capability is subject to further risks including:

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

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

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

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

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

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

The Nanaimo Lake Claims property comprises two mineral claims
  with a total area of 84.59 hectares, located nine miles southeast of the town
  of Nanaimo, British Columbia, between the two Nanaimo Lakes. The claims may
  be reached by Highway 19A for 9.5 miles then west on a paved road for approximately
  13 miles on the Nanaimo River Road. This is an essentially undeveloped area
  in British Columbia. The area consists of many mountains and lakes with heavy
  forestation. A paved gravel road is the only access. Winters are often severe
  with rain, freezing rain, wind, and snow common between November and March.
  Access to the Nanaimo Lake Claims may be restricted through some of the year
  due to weather in the area. As a result, any attempt to test or explore the
  property is largely limited to the times when weather permits such activities.
  These limitations can result in significant delays in exploration efforts. Such
  delays can have a significant negative effect on our exploration efforts.

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

There are several governmental regulations that materially
restrict mineral exploration. We will be subject to the laws of the Province of
British Columbia as we carry out our exploration program. We may be required to
obtain work permits, post bonds and perform remediation work for any physical
disturbance to the land in order to comply with these laws. If we enter the
production

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phase, the cost of complying with permit and regulatory
environment laws will be greater because the impact on the project area is
greater. Permits and regulations will control all aspects of the production
program if the project continues to that stage. Examples of regulatory
requirements include:

| | (1) | Water discharge will have to meet drinking water standards;                                                                                         
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------
| |     |                                                                                                                                                     
| | (2) | Dust generation will have to be minimal or otherwise
        re-mediated;                                                                           
| |     |                                                                                                                                                     
| | (3) | Dumping of material on the surface will have to be re-contoured
        and re-vegetated with natural vegetation;                                   
| |     |                                                                                                                                                     
| | (4) | An assessment of all material to be left on the surface
        will need to be environmentally benign;                                             
| |     |                                                                                                                                                     
| | (5) | Ground water will have to be monitored for any potential
        contaminants;                                                                      
| |     |                                                                                                                                                     
| | (6) | The socio-economic impact of the project will have to
        be evaluated and if deemed negative, will have to be re-mediated; and                 
| |     |                                                                                                                                                     
| | (7) | There will have to be an impact report of the work on
        the local fauna and flora including a study of potentially endangered
        species.

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

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

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

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

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

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

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

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

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

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|ITEM 3. | CONTROLS AND PROCEDURES.
|------- | ------------------------

Evaluation Of Disclosure Controls And Procedures

As of the end of the period covered by this report, our
management carried out an evaluation, under the supervision and with the
participation of our principal executive officer and principal financial
officer, of the effectiveness of the design and operation of our disclosure
controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the
Exchange Act). Based on this evaluation, our principal executive officer and
principal financial officer has concluded that our disclosure controls and
procedures are, as of the date covered by this Quarterly Report, effective to
ensure that the information required to be disclosed by us in the reports that
we file or submit under the Exchange Act is recorded, processed, summarized and
reported within the time periods specified in the SEC rules and forms.

Changes In Internal Controls Over Financial
Reporting

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

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PART II - OTHER INFORMATION

ITEM 1.
    LEGAL PROCEEDINGS.None.ITEM 2.
    UNREGISTERED SALES OF EQUITY SECURITIES AND
      USE OF PROCEEDS.None.ITEM 3.
    DEFAULTS UPON SENIOR SECURITIES.None.ITEM 4.
    SUBMISSION OF MATTERS TO A VOTE OF SECURITY
      HOLDERS.None.ITEM 5.
    OTHER INFORMATION.None.


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

ExhibitNumber
      Description of Exhibits3.1
      Articles of Incorporation.(1)3.2
      Bylaws, as amended.(1)4.1
      Form of Share Certificate.(2)10.1
      Purchase Agreement dated November 3, 2004 between
        Patricia L. Shore and Konigsberg Explorations Inc. (1)10.2
      Commercial Lease Agreement between Exports, Inc.
        and Konigsberg Corp. dated January 28, 2005. (1)10.3
      Bill of Sale dated November 3, 2004 between Patricia
        L. Shore and Konigsberg Explorations Inc. (1)10.4
      Bill of Sale dated June 1, 2005 between Patricia
        L. Shore and Konigsberg Explorations Inc. (1)10.5
      Geological Report on the Nanaimo Lakes Property
        dated November 20, 2004 by W.G. Timmins.(1)10.6
      Phase I Progress Report on the Nanaimo Lakes Property
        dated May 25, 2005 by W.G. Timmins.(1)31.1
      Certification of Chief
        Executive Officer and Chief Financial Officer as adopted pursuant to Section
        302 of the Sarbanes-Oxley Act of 2002.32.1
      Certification of Chief
        Executive Officer and Chief Financial Officer as adopted pursuant to Section
        906 of the Sarbanes-Oxley Act of 2002.


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

REPORTS ON FORM 8-K

We did not file any Current Reports on Form 8-K during the
fiscal quarter ended December 31, 2005. We have not filed any Current Reports on
Form 8-K since December 31, 2005.

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SIGNATURES

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

|                         | KONIGSBERG CORPORATION
|------------------------ | ----------------------
|                         |                       
|Date:  February 14, 2006 | By:                   
|                         |                       
|                         |                       
|                         |                       
|                         |                       
|                         |                       
|                         |                       



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