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

                                   FORM 10-QSB


[xx]     QUARTERLY  REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES  EXCHANGE
         ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2001

                        Commission file Number: 000-30658

                                  GEOALERT INC.
                     (formerly Corbett Lake Minerals, Inc.)
        (Exact name of small business issuer as specified in its charter)

                                     Nevada
         (State or other jurisdiction of incorporation or organization)

                                   91-2008331
                     (I.R.S. Employer Identification Number)

                         Suite 8, 1545 West 14th Street
                           Vancouver, British Columbia
                                     V2J 1J5
                    (Address of principal executive offices)

                                  (604)681-9588
                           (Issuer's telephone number)


State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date:        11,500,000 common shares
as at March 31, 2001

Transitional Small Business Disclosure Format (check one):  Yes [  ]    No [ X ]



<PAGE>

                                  GEOALERT INC.
                     (formerly Corbett Lake Minerals, Inc.)


                                      INDEX

<TABLE>
<S>                        <C>                                                                 <C>
PART 1.  FINANCIAL INFORMATION

         Item 1.           Financial Statements ...............................................  3

                           Balance Sheets as of March 31, 2001 and December 31, 2000 ..........  4

                           Statements of Operations for the periods ended
                           March 31, 2001 and March 31, 2000 ..................................  5

                           Consolidated Statements of Changes in Stockholders' Equity .........  6

                           Statements of Cash Flows for the periods ended
                           March 31, 2001 and March 31, 2000 ..................................  7

                           Notes to Consolidated Financial Statements .........................  8

         Item 2            Plan of Operation .................................................. 12

PART II. OTHER INFORMATION

         Item 1            Legal Proceedings .................................................. 12

         Item 2            Changes in Securities .............................................. 12

         Item 3            Defaults Upon Senior Securities .................................... 12

         Item 4            Submission of Matters to a Vote of Security Holders ................ 12

         Item 5            Other Information .................................................. 12

         Item 6            Exhibits and Reports on Form 8K .................................... 13


         SIGNATURES ........................................................................... 13
</TABLE>


                                       2
<PAGE>

                                 GEOALERT, INC.
                     (FORMERLY CORBETT LAKE MINERALS, INC.)
                         (AN EXPLORATION STAGE COMPANY)


                              FINANCIAL STATEMENTS
                      (EXPRESSED IN UNITED STATES DOLLARS)
                                   (UNAUDITED)


                                 MARCH 31, 2001





                                       3
<PAGE>

GEOALERT, INC.
(formerly Corbett Lake Minerals, Inc.)
(An Exploration Stage Company)
BALANCE SHEETS
(Expressed in United States Dollars)
(Unaudited)

<TABLE>
<CAPTION>
==============================================================================================================

                                                                                    March 31     December 31,
                                                                                        2001             2000
--------------------------------------------------------------------------------------------------------------
<S>                                                                          <C>              <C>

ASSETS


CURRENT
    Cash and cash equivalents                                                $           --   $         1,496
==============================================================================================================



LIABILITIES AND STOCKHOLDERS' EQUITY


CURRENT
    Accounts payable and accrued liabilities                                 $         1,000  $         9,746
                                                                             ---------------  ---------------


STOCKHOLDERS' EQUITY
    Capital stock (Note 5)
       Authorized
              200,000,000  common shares, par value of $0.001
       Issued and outstanding
         December 31, 2000 - 12,000,000 common shares
         March 31, 2001 - 11,500,000 common shares                                    11,500           12,000
    Additional paid-in capital                                                        53,750           45,000
    Deficit accumulated during the exploration stage                                 (66,250)         (65,250)
                                                                             ---------------  ---------------

    Total stockholders' equity                                                        (1,000)          (8,250)
                                                                             ---------------  ---------------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                                   $            --  $         1,496
==============================================================================================================
</TABLE>


HISTORY AND ORGANIZATION OF THE COMPANY (Note 1)


GOING CONCERN (Note 2)


On behalf of the Board of Directors:

/s/ Jason John
----------------------------
Jason John, Director



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



                                       4
<PAGE>

GEOALERT, INC.
(formerly Corbett Lake Minerals, Inc.)
(An Exploration Stage Company)
STATEMENTS OF OPERATIONS
(Expressed in United States Dollars)
(Unaudited)

<TABLE>
<CAPTION>
===========================================================================================================

                                                            Cumulative
                                                          Amounts from
                                                         Incorporation
                                                           on March 3,       Three Month       Three Month
                                                               1999 to      Period Ended      Period Ended
                                                             March 31,         March 31,         March 31,
                                                                  2001              2001              2000
-----------------------------------------------------------------------------------------------------------
<S>                                                    <C>              <C>               <C>

EXPENSES
    Incorporation costs                                $           640  $            --   $            --
    Filing and transfer agent fees                               2,226               --             1,486
    Legal and audit fees                                        35,503            1,000                --
    Management fees                                             15,000               --                --
    Mineral property acquisition costs                          12,881               --                --
                                                       ---------------  ---------------   -----------------


LOSS FOR THE PERIOD                                    $       (66,250) $        (1,000)  $        (1,486)
===========================================================================================================


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


WEIGHTED AVERAGE SHARES OUTSTANDING                                          11,988,888        11,988,888
===========================================================================================================
</TABLE>












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


                                       5
<PAGE>

GEOALERT, INC.
(formerly Corbett Lake Minerals, Inc.)
(An Exploration Stage Company)
STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
(Expressed in United States Dollars)
(Unaudited)

<TABLE>
<CAPTION>
====================================================================================================================================

                                                                                                          Deficit
                                                                                                      Accumulated
                                                            Common Stock              Additional       During the
                                                    -----------------------------        Paid-in      Exploration
                                                      Shares            Amount           Capital            Stage             Total
------------------------------------------------------------------------------------------------------------------------------------
<S>                                               <C>              <C>               <C>              <C>               <C>
INCEPTION, MARCH 3, 1999                                  --       $        --       $        --      $        --       $        --

Shares issued for cash                            12,000,000            12,000            45,000               --            57,000

Loss for the period                                       --                --                --          (35,153)          (35,153)
                                                 -----------       -----------       -----------      -----------       -----------

BALANCE, DECEMBER 31, 1999                        12,000,000            12,000            45,000          (35,153)           21,847

Loss for the year                                         --                --                --          (30,097)          (30,097)
                                                 -----------       -----------       -----------      -----------       -----------

BALANCE, DECEMBER 31, 2000                        12,000,000       $    12,000       $    45,000      $   (65,250)      $    (8,250)

Cancellation of shares                              (500,000)             (500)              500               --                --

Shareholder capital contribution                          --                --             8,250               --             8,250

Loss for the period                                       --                --                --           (1,000)           (1,000)
                                                 -----------       -----------       -----------      -----------       -----------

BALANCE, MARCH 31, 2001                           11,500,000       $    11,500       $    53,750      $   (66,250)      $    (1,000)
====================================================================================================================================
</TABLE>







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



                                       6
<PAGE>

GEOALERT, INC.
(formerly Corbett Lake Minerals, Inc.)
(An Exploration Stage Company)
STATEMENTS OF CASH FLOWS
(Expressed in United States Dollars)
(Unaudited)

<TABLE>
<CAPTION>
====================================================================================================================================

                                                                                        Cumulative
                                                                                      Amounts from
                                                                                     Incorporation
                                                                                        on March 3,     Three Month     Three Month
                                                                                            1999 to    Period Ended    Period Ended
                                                                                          March 31,       March 31,       March 31,
                                                                                               2001            2001            2000
------------------------------------------------------------------------------------------------------------------------------------
<S>                                                                                        <C>             <C>             <C>
CASH FLOWS FROM OPERATING ACTIVITIES
    Loss for the year                                                                      $(66,250)       $ (1,000)       $ (1,486)

    Change in other operating assets and liabilities:
       Expenses paid by related entity on behalf of the Company                               8,250           8,250              --
       Increase (decrease) in accounts payable and accrued liabilities                        1,000          (8,746)         (8,579)
                                                                                           --------        --------        --------

    Net cash used in operating activities                                                   (57,000)         (1,496)        (10,065)
                                                                                           --------        --------        --------

CASH FLOWS FROM INVESTING ACTIVITIES
    Net cash used in investing activities                                                        --              --              --
                                                                                           --------        --------        --------

CASH FLOWS FROM FINANCING ACTIVITIES
    Issuance of capital stock for cash                                                       57,000              --              --
                                                                                           --------        --------        --------

    Net cash provided by financing activities                                                57,000              --              --
                                                                                           --------        --------        --------


CHANGE IN CASH AND CASH EQUIVALENTS DURING THE PERIOD                                            --          (1,496)        (10,065)


CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD                                                   --           1,496          32,426
                                                                                           --------        --------        --------


CASH AND CASH EQUIVALENTS, END OF PERIOD                                                   $     --        $     --        $ 22,361
====================================================================================================================================


CASH PAID DURING THE PERIOD FOR:
    Interest expense                                                                       $     --        $     --        $     --
    Income taxes                                                                                 --              --              --
====================================================================================================================================


SUPPLEMENTAL DISCLOSURE FOR NON-CASH OPERATING, INVESTMENT
    AND FINANCING ACTIVITIES
       Expenses paid by related entity on behalf of the Company                            $  8,250        $  8,250        $     --
====================================================================================================================================
</TABLE>


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




                                       7
<PAGE>

GEOALERT, INC.
(formerly Corbett Lake Minerals, Inc.)
(An Exploration Stage Company)
NOTES TO THE FINANCIAL STATEMENTS
(Expressed in United States Dollars)
(Unaudited)
MARCH 31, 2001

================================================================================


1.       HISTORY AND ORGANIZATION OF THE COMPANY

         The  Company was formed on March 3, 1999 under the Laws of the State of
         Nevada and is in the business of exploration and development of mineral
         properties.  The Company has not yet determined  whether its properties
         contain  mineral  resources that may be economically  recoverable.  The
         Company  therefore  has  not  reached  the  development  stage  and  is
         considered to be an exploration stage company.

         The  Company  changed  its name from  Corbett  Lake  Minerals,  Inc. to
         GeoAlert, Inc. on March 29, 2001.

         The accompanying financial statements have been prepared by the Company
         without audit. In the opinion of management, all adjustments (which
         include only normal recurring adjustments) necessary to present fairly
         the financial position, results of operations, changes in stockholders'
         equity and cash flows at March 31, 2001 and for the period then ended
         have been made. These financial statements should be read in
         conjunction with the audited financial statements of the Company for
         the year ended December 31, 2000. The results of operations for the
         period ended March 31, 2001 are not necessarily indicative of the
         results to be expected for the year ending December 31, 2001.


2.       GOING CONCERN

         These financial statements have been prepared in accordance with
         generally accepted accounting principles applicable to a going concern
         which contemplates the realization of assets and the satisfaction of
         liabilities and commitments in the normal course of business. The
         general business strategy of the Company is to acquire mineral
         properties either directly or through the acquisition of operating
         entities. The continued operations of the Company and the
         recoverability of mineral property costs is dependent upon the
         existence of economically recoverable reserves, confirmation of the
         Company's interest in the underlying mineral claims, the ability of the
         Company to obtain necessary financing to complete the development and
         upon future profitable production. The Company has incurred operating
         losses and requires additional funds to meet its obligations and
         maintain its operations. Management's plan in this regard is to raise
         equity financing as required. These conditions raise substantial doubt
         about the Company's ability to continue as a going concern. These
         financial statements do not include any adjustments that might result
         from this uncertainty.

<TABLE>
<CAPTION>
         ====================================================================================================================

                                                                                                   March 31,    December 31,
                                                                                                        2001            2000
         --------------------------------------------------------------------------------------------------------------------
<S>                                                                                          <C>              <C>
         Deficit accumulated during the exploration stage                                    $       (66,250) $      (65,250)
         Working capital (deficiency)                                                                 (1,000)         (8,250)
         ====================================================================================================================
</TABLE>


3.       SIGNIFICANT ACCOUNTING POLICIES

         CASH AND CASH EQUIVALENTS

         Cash and cash equivalents include highly liquid investments with
         original maturities of three months or less. These are recorded at cost
         which approximates market.


                                       8
<PAGE>

GEOALERT, INC.
(formerly Corbett Lake Minerals, Inc.)
(An Exploration Stage Company)
NOTES TO THE FINANCIAL STATEMENTS
(Expressed in United States Dollars)
(Unaudited)
MARCH 31, 2001

================================================================================


3.       SIGNIFICANT ACCOUNTING POLICIES (cont'd...)

         ESTIMATES

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

         FINANCIAL INSTRUMENTS

         The Company's financial instruments consist of cash and cash
         equivalents and accounts payable and accrued liabilities. Unless
         otherwise noted, it is management's opinion that the Company is not
         exposed to significant interest, currency or credit risks arising from
         these financial instruments. The fair value of these financial
         instruments approximate their carrying values, unless otherwise noted.

         RESOURCE PROPERTIES

         Costs of acquisition, exploration, carrying, and retaining unproven
         properties are expensed as incurred. Costs incurred in proving and
         developing a property ready for production are capitalized and
         amortized over the life of the mineral deposit or over a shorter period
         if the property is shown to have an impairment in value.

         ENVIRONMENTAL REQUIREMENTS

         At the report date, environmental requirements related to mineral
         claims acquired (Note 4) are unknown and therefore an estimate of any
         future cost cannot be made.

         INCOME TAXES

         Income taxes are provided in accordance with Statement of Financial
         Accounting Standards No. 109 ("SFAS 109"), "Accounting for Income
         Taxes". A deferred tax asset or liability is recorded for all temporary
         differences between financial and tax reporting and net operating loss
         carryforwards. Deferred tax expenses (benefit) result from the net
         change during the year of deferred tax assets and liabilities.

         Deferred tax assets are reduced by a valuation allowance when, in the
         opinion of management, it is more likely than not that some portion or
         all of the deferred tax assets will not be realized. Deferred tax
         assets and liabilities are adjusted for the effects of changes in tax
         laws and rates on the date of enactment.

         LOSS PER SHARE

         In February 1997, the Financial Accounting Standards Board issued
         Statement of Financial Accounting Standards No. 128, "Earnings Per
         Share" ("SFAS 128"). Under SFAS 128, basic and diluted earnings per
         share are to be presented. Basic earnings per share is computed by
         dividing income available to common shareholders by the weighted
         average number of common shares outstanding in the period. Diluted
         earnings per share takes into consideration common shares outstanding
         (computed under basic earnings per share) and potentially dilutive
         common shares.



                                       9
<PAGE>

GEOALERT, INC.
(formerly Corbett Lake Minerals, Inc.)
(An Exploration Stage Company)
NOTES TO THE FINANCIAL STATEMENTS
(Expressed in United States Dollars)
(Unaudited)
MARCH 31, 2001

================================================================================


3.       SIGNIFICANT ACCOUNTING POLICIES (cont'd.....)


         FOREIGN CURRENCY TRANSLATION

         Translation amounts denominated in foreign currencies are translated
         into United States currency at exchanges rates prevailing at
         transactions dates. Carrying values of monetary assets and liabilities
         are adjusted at each balance sheet date to reflect the exchange rate at
         that date. Gains and losses from restatement of foreign currency
         monetary assets and liabilities are included in income.


         STOCK-BASED COMPENSATION

         Statement of Financial Accounting Standards No. 123, "Accounting for
         Stock-Based Compensation," encourages, but does not require, companies
         to record compensation cost for stock-based employee compensation plans
         at fair value. The Company has chosen to account for stock-based
         compensation using Accounting Principles Board Opinion No. 25,
         "Accounting for Stock Issued to Employees." Accordingly compensation
         cost for stock options is measured as the excess, if any, of the quoted
         market price of the Company's stock at the date of the grant over the
         amount an employee is required to pay for the stock.


         ACCOUNTING FOR DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

         In June 1998, the FASB issued SFAS No. 133 "Accounting for Derivative
         Instruments and Hedging Activities" which establishes accounting and
         reporting standards for derivative instruments and for hedging
         activities. SFAS 133 is effective for all fiscal quarters of fiscal
         years beginning after June 15, 1999. In June 1999, the FASB issued SFAS
         137 to defer the effective date of SFAS 133 to fiscal quarters of
         fiscal years beginning after June 15, 1999. In June 2000, the FASB
         issued SFAS No. 138, which is a significant amendment to SFAS 133. The
         Company does not anticipate that the adoption of these statements will
         have a significant impact on its financial statements.



4.       MINERAL PROPERTY

         On July 20, 1999, the Company acquired an option to purchase a 100%
         interest in the CP 1-12 mining claims located in the Nicola Mining
         Division of British Columbia for $10,000 (paid). As the claims do not
         contain any known reserves, the acquisition costs were expensed during
         the period ended December 31, 1999. To exercise its option, the Company
         must complete a recommended work program in the amount of CDN$11,700 by
         July 20, 2000. As of March 31, 2001, the Company has paid CDN$4,280 of
         the CDN$11,700 financing for the work program. As the Company has not
         met the required amount of expenditures relating to its work program,
         it is technically in default of its option agreement and resulting
         entitlement to the properties. The Company has not yet determined
         whether the optionor will amend or grant an extension to the work
         program, or whether it will abandon the property.



                                       10
<PAGE>

GEOALERT, INC.
(formerly Corbett Lake Minerals, Inc.)
(An Exploration Stage Company)
NOTES TO THE FINANCIAL STATEMENTS
(Expressed in United States Dollars)
(Unaudited)
MARCH 31, 2001

================================================================================


5.       CAPITAL STOCK

         The authorized common stock of the Company is 200,000,000 shares of
         common stock with a par value of $0.001 per share. All of the issued
         and outstanding shares are fully paid and non-assessable. All shares
         have equal voting rights and, when validly issued, are entitled to one
         vote per share in all matters to be voted upon by the stockholders. The
         shares have no pre-emptive, subscription, conversion or redemption
         rights and may be issued only as fully paid and non-assessable shares.
         Holders of common shares are entitled to share rateable in dividends,
         as may be declared from time to time by the Board of Directors in its
         discretion, from funds legally available for dividend payments.

         The Company has issued 7,000,000 common shares under Rule 504 of
         Regulation D of the Securities Act of 1933, at a price of $0.001 per
         share, for total proceeds of $7,000. In addition, the Company has
         issued 5,000,000 common shares under Rule 504 of Regulation D of the
         Securities Act of 1933, at a price of $0.01 per share, for total
         proceeds of $50,000. On March 29, 2001, 500,000 common shares were
         returned to treasury.

6.       INCOME TAXES

         The Company's total deferred tax asset is as follows:

<TABLE>
<CAPTION>
         ====================================================================================================================

                                                                                                   March 31,    December 31,
                                                                                                        2001            2000
         --------------------------------------------------------------------------------------------------------------------
<S>                                                                                          <C>              <C>
         Tax benefit of net operating loss carryforward                                      $         9,938  $        9,788
         Valuation allowance                                                                          (9,938)         (9,788)
                                                                                             ---------------  --------------

                                                                                             $           --   $          --
         ====================================================================================================================
</TABLE>

         The Company has a net operating loss carryforward of approximately
         $(66,250). The Company has provided a full valuation allowance on the
         deferred tax asset because of the uncertainty regarding realizability.

7.       COMMITMENT

         The Company entered into a Management Services Agreement dated August
         2, 1999, with a director of the Company, whereby the Company shall pay
         management fees of up to $15,000 annually for a period of two years.

8.       RELATED PARTY TRANSACTIONS

         The Company does not maintain a checking account and all expenses
         incurred by the Company are now paid by an affiliate. For the period
         ended March 31, 2001, the Company incurred professional fees of $1,000.
         The affiliate does not expect to be repaid for the expenses it pays on
         behalf of the Company. Accordingly, as the expenses are paid, they are
         classified as additional paid-in capital. During the period, the
         affiliate paid accounts payable of the Company totalling $8,250.


                                       11
<PAGE>

                                PLAN OF OPERATION

The following discussion of the plan of operation of the Company should be read
in conjunction with the financial statements and the related notes thereto
included elsewhere in this quarterly report for the three months ended March 31,
2001. This quarterly report contains certain forward-looking statements and the
Company's future operation results could differ materially from those discussed
herein.

The Company can satisfy its cash requirements for the next 12 months from cash
on hand. Unless the Company acquires additional mineral exploration properties
or commits to a significant exploration program on its existing property, it
will not be required to raise additional funds in the next 12 months.

Management of the Company will be reviewing the results from the Company's most
recent exploration program on its claims with consultants over the upcoming
months to determine what further work is warranted on the claims. Management of
the Company will also be looking to acquire additional claims if such claims are
offered on attractive terms.

The Company does not expect to purchase any plant or significant equipment over
the next 12 months. The Company does not expect any significant changes in the
number of its employees over the next 12 months.

"CAUTIONARY STATEMENT FOR PURPOSES OF THE "SAFE HARBOR" PROVISIONS OF THE
PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. Except for historical matters,
the matters discussed in this Form 10-QSB are forward-looking statements based
on current expectations and involve risks and uncertainties. Forward-looking
statements include, but are not limited to, statements under the following
heading: "Managements Discussion And Analysis Or Plan Of Operations" the timing
and expected profitable results of sales and the need for no additional
financing.

                                     PART II
                                OTHER INFORMATION

Item 1.  LEGAL PROCEEDINGS

         None

Item 2   CHANGES IN 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




                                       12
<PAGE>
Item 6   EXHIBITS AND REPORTS ON FORM 8-K

         (a)      Exhibits

                  None

         (b)      Reports on Form 8-K

                  None


                                   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.

                                        GEOALERT INC.
                                        (formerly Corbett Lake Minerals, Inc.)


Dated:  May 14, 2001                    Per: /s/ Jason John
                                             ----------------------------------
                                             Jason John, President and Director



                                       13