UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                                   FORM 10-QSB


(X)  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITES  EXCHANGE
     ACT OF 1934

For the quarterly period ended          March 31, 2000
                               --------------------------------

(_)  TRANSITION  REPORT  PURSUANT  TO  SECTION  13 OR 15 (D)  OF THE  SECURITIES
     EXCHANGE ACT OF 1934

For the transition period from ____________________ to __________________

Commission File number            0-30142
                       ----------------------------


                            ZEB ORO EXPLORATIONS INC.
                   ------------------------------------------
               (Exact name of registrant as specified in charter)


           Nevada                                               98-0205944
------------------------------------                        --------------------
(State or other jurisdiction of                              (I.R.S. Employer
incorporation or organization)                               Identification No.)


825-1200 West 73rd Avenue
Vancouver, BC, Canada                                             V6P 6G5
--------------------------------------------                 -------------------
(Address of principal executive offices)                         (Zip Code)

                                  604-267-1100
                 -----------------------------------------------
               Registrant's telephone number, including area code


      ---------------------------------------------------------------------
      (Former name, address, and fiscal year, if changed since last report)

     Indicate  by check mark  whether the  registrant  (1) has filed all reports
required to be filed by Section 13 or 15(d) of the  Securities  Exchange  Act of
1934  during  the  preceding  12 months  (or for such  shorter  period  that the
registrant was required to file such  reports),  Yes [X] No [ ] and ( ) has been
subject to filing requirements for the past 90 days. Yes [X] No [ ]

                      APPLICABLE ONLY TO CORPORATE ISSUERS:

Indicate the number of shares  outstanding  of each of the  issuer's  classes of
common stock, as of the last practicable date.

             Class                              Outstanding as of March 31, 2000
-----------------------------------             --------------------------------
  Common Stock, $0.001 per share                           11,025,000



<PAGE>

                                      INDEX

<TABLE>
<CAPTION>
                                                                                                    Page
PART 1.                                                                                            Number
                                                                                                   ------
<S>                                                                                                  <C>
         ITEM 1.  Financial Statements (unaudited)............................................        3

                  Balance Sheet as at March 31, 2000..........................................        4

                  Statement of Operations
                     For the three months ended March 31, 2000,
                        for the three months ended March 31, 1999
                        and for the period from March 4, 1999
                        (Date of Incorporation) to March 31, 2000..............................       5

                  Statement of Changes in Shareholders' Equity
                     For the period from March 4, 1999 (Date of
                        Incorporation) to March 31, 2000.......................................       6

                  Statement of Cash Flows
                      For the three months ended March 31, 2000,
                         for the three months ended March 31, 1999
                         and for the period from March 4, 1999
                         (Date of Incorporation) to March 31, 2000............................       7

                  Notes to the Financial Statements...........................................       8

         ITEM 2.  Plan of Operations...........................................................      11


PART 11           Signatures....................................................................     12
</TABLE>


                                       2
<PAGE>

                         PART 1 - FINANCIAL INFORMATION

--------------------------------------------------------------------------------

                          ITEM 1. FINANCIAL STATEMENTS

--------------------------------------------------------------------------------


The  accompanying  balance sheet of Zeb Oro  Explorations  Inc. (an  exploration
stage  company) at March 31, 2000 and the statement of operations  and statement
of cash flow for the three  months  ended March 31,  2000,  for the three months
ended  March  31,  1999  and  for  the  period  from  March  4,  1999  (date  of
incorporation)  to March 31, 2000 and the statement of stockholders'  equity for
the period  from March 4, 1999 (date of  incorporation)  to March 31,  2000 have
been  prepared  by  the  Company's  management  and  they  do  not  include  all
information  and notes to the  financial  statements  necessary  for a  complete
presentation of the 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 quarter  ended March 31,  2000,  are not  necessarily
indicative of the results that can be expected for the year ending  December 31,
2000.


                                       3
<PAGE>

                            ZEB ORO EXPLORATIONS INC.
                         (An Exploration Stage Company)

                                  BALANCE SHEET

                                 March 31, 2000
               (with comparative figures as at December 31, 1999)

                      (Unaudited - Prepared by Management)

<TABLE>
<CAPTION>
                                                                                   MARCH 31,      DECEMBER 31,
                                                                                     2000            1999
                                                                                     ----            ----
<S>                                                                                 <C>             <C>
ASSETS

CURRENT ASSETS

     Bank                                                                           $    447        $    340
                                                                                    --------        --------

                                                                                    $    447        $    340
                                                                                    ========        ========

LIABILITIES

      Accounts payable and accrued liabilities                                      $  4,026        $  2,300
      Due to director                                                                  8,040           6,540
                                                                                    --------        --------
                                                                                      12,066           8,840
                                                                                    --------        --------

STOCKHOLDERS' EQUITY

     Common stock
           200,000,000 shares authorized, at $0.001 par
           value, 11,025,000 shares issued and outstanding                            11,025          11,025

     Capital in excess of par value                                                   14,175          11,475

     Deficit accumulated during the development stage                                (36,819)        (31,000)
                                                                                    --------        --------

           Total Stockholders' Equity                                                (11,619)         (8,500)
                                                                                    --------        --------

                                                                                    $    447        $    340
                                                                                    ========        ========
</TABLE>

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



                                       4
<PAGE>

                            ZEB ORO EXPLORATIONS INC.
                         (An Exploration Stage Company)

                             STATEMENT OF OPERATIONS

                   For the three months ended March 31, 2000,
                    for the three months ended March 31,1999 and for
         period from March 4, 1999 (Date of Inception) to March 31, 2000

                      (Unaudited - Prepared by Management)


<TABLE>
<CAPTION>
                                                                   FOR THE THREE          FOR THE THREE         FROM INCEPTION
                                                                    MONTHS ENDED           MONTHS ENDED               TO
                                                                   MARCH 31, 2000         MARCH 31, 1999        MARCH 31, 2000
                                                                   --------------         --------------        --------------
<S>                                                                  <C>                    <C>                   <C>
SALES                                                                $        --            $       --            $        --
                                                                     -----------            ----------            -----------

GENERAL AND ADMINISTRATIVE EXPENSES:

     Accounting and audit                                                  1,075                    --                  6,125
     Bank charges and interest                                                69                    71                    230
     Consulting                                                               --                    --                  4,300
     Edgar filing fees                                                       408                    --                  3,922
     Geology report                                                           --                 1,200                  1,775
     Incorporation costs written off                                          --                   670                    670
     Management fees                                                       1,500                   500                  6,500
     Office expenses                                                         124                    --                  1,187
     Rent                                                                    900                   300                  3,900
     Staking fees                                                             --                   369                  3,172
     Telephone                                                               300                   100                  1,300
     Transfer agent's fees                                                 1,443                 1,200                  3,738
                                                                     -----------            ----------            -----------

NET LOSS                                                             $     5,819            $    4,410            $    36,819
                                                                     ===========            ==========            ===========



NET LOSS PER COMMON SHARE

     Basic                                                           $        --            $       --            $        --
                                                                     ===========            ==========            ===========


AVERAGE OUTSTANDING SHARES

     Basic                                                            11,025,000             6,647,321             10,713,104
                                                                     ===========            ==========            ===========
</TABLE>


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



                                       5
<PAGE>

                            ZEB ORO EXPLORATIONS INC.
                         (An Exploration Stage Company)

                  STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY

              For the period from March 4, 1999 (Date of Inception)
                                to March 31, 2000

                      (Unaudited - Prepared by Management)


<TABLE>
<CAPTION>
                                                                                               CAPITAL IN
                                                                    COMMON STOCK                EXCESS OF       ACCUMULATED
                                                              SHARES            AMOUNT          PAR VALUE         DEFICIT
                                                              ------            ------          ---------         -------
<S>                                                         <C>                 <C>              <C>              <C>
BALANCE MARCH 4, 1999 (date of inception)                           --          $    --          $    --          $     --

Issuance of common shares for cash at
     $0.001 - March 14, 1999                                 5,000,000            5,000               --                --

Issuance of common shares for cash at
     $0.001- March 16, 1999                                  6,000,000            6,000               --                --

Issuance of common shares for cash at
     $0.10 - March 27, 1999                                     25,000               25            2,475                --

Capital contributions - expenses                                                                  11,700

Net operating loss for the period from
     March 4, 1999 to March 31, 2000                                --               --               --           (36,819)
                                                                     .                .                .                 .
                                                            ----------          -------          -------          --------

BALANCE MARCH 31, 2000                                      11,025,000          $11,025          $14,175          $(36,819)
                                                            ==========          =======          =======          ========
</TABLE>


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


                                       6
<PAGE>

                            ZEB ORO EXPLORATIONS INC.
                         (An Exploration Stage Company)

                             STATEMENT OF CASH FLOWS

                   For the three months ended March 31, 2000,
                    for the three months ended March 31, 1999 and for
   the period from March 4, 1999 (Date of Inception) to March 31, 2000

                      (Unaudited - Prepared by Management)


<TABLE>
<CAPTION>
                                                                      FOR THE THREE       FOR THE THREE       FROM INCEPTION
                                                                       MONTHS ENDED        MONTHS ENDED             TO
                                                                      MARCH 31, 2000      MARCH 31, 1999      MARCH 31, 2000
                                                                      --------------      --------------      --------------
<S>                                                                       <C>                <C>                 <C>
CASH FLOWS FROM OPERATING ACTIVITIES:

     Net loss                                                             $(5,819)           $ (4,410)           $(36,819)

     Adjustments to reconcile net loss to net cash
        provided by operating activities:

          Increase in accounts payable                                      1,726                  --               4,026
          Increase in due to a director                                     1,500                  --               8,040
          Capital contributions - expenses                                  2,700                 900              11,700
                                                                          -------            --------            --------

               Net Cash from Operations                                       107              (3,510)            (13,053)
                                                                          -------            --------            --------

CASH FLOWS FROM FINANCING
   ACTIVITIES:
          Proceeds from issuance of common stock                               --              13,410              13,500
                                                                          -------            --------            --------


     Net Increase (Decrease) in Cash                                          107               9,900                 447

     Cash at Beginning of Period                                              340                  --                  --
                                                                          -------            --------            --------

     CASH AT END OF PERIOD                                                $   447            $  9,900            $    447
                                                                          =======            ========            ========
</TABLE>


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



                                       7
<PAGE>

                            ZEB ORO EXPLORATIONS INC.
                         (An Exploration Stage Company)

                          NOTES TO FINANCIAL STATEMENTS

                                 March 31, 2000

                      (Unaudited - Prepared by Management)


1.   ORGANIZATION

     The Company was incorporated under the laws of the State of Nevada on March
     4, 1999 with the authorized  common shares of 200,000,000  shares at $0.001
     par value.

     The  Company was  organized  for the purpose of  acquiring  and  developing
     mineral  properties.  A mineral  claim,  with  unknown  reserves,  has been
     acquired.  The Company has not  established the existence of a commercially
     minable ore deposit and therefore has not reached the development stage and
     is considered to be in the exploration stage (see Note 3).

     The Company has completed a Regulation D offering of  11,025,000  shares of
     its capital stock for cash.


2.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

     Accounting Methods

     The Company  recognizes  income and expenses based on the accrual method of
     accounting.

     Dividend Policy

     The Company has not yet adopted a policy regarding payment of dividends.

     Income Taxes

     On March 31,  2000 the Company had a net  operating  loss carry  forward of
     $36,819.  The tax benefit from the loss carry forward has been fully offset
     by a  valuation  reserve  because  the use of the  future  tax  benefit  is
     doubtful since the Company has no  operations.  The loss carry forward will
     expire in 2020.

     Earnings (loss) per Share

     Earnings  (loss)  per share  amounts  are  computed  based on the  weighted
     average number of shares actually outstanding.


                                       8
<PAGE>

                            ZEB ORO EXPLORATIONS INC.
                         (An Exploration Stage Company)

                          NOTES TO FINANCIAL STATEMENTS

                                 March 31, 2000

                      (Unaudited - Prepared by Management)


2.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - CONTINUED

     Comprehensive Income

     The Company adopted  Statement of Financial  Accounting  Standards No. 130.
     The  adoption  of the  standard  had no impact  on the total  stockholder's
     equity.

     Recent Accounting Pronouncements

     The Company does not expect that the  adoption of other  recent  accounting
     pronouncements will have a material impact on its financial statements.

     Cash and Cash Equivalents

     The  Company  considers  all highly  liquid  instruments  purchased  with a
     maturity,  at the time of purchase,  of less than three months,  to be cash
     equivalents.

     Capitalization of Mineral Claim Costs

     Cost  of  acquisition,   exploration,   carrying,   and  retained  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.  Expenditures  for mining
     equipment are capitalized and depreciated over their useful life.

     Environmental Requirements

     Environmental  requirements related to the mineral claims acquired (Note 3)
     are unknown and therefore an estimate of any future cost cannot be made.

     Financial Instrument

     The carrying  amount of financial  instruments,  including cash and account
     payables, is considered by management to be its standard fair value.

     Estimates and Assumptions

     Management uses estimates and assumptions in preparing financial statements
     in  accordance  with  generally  accepted  accounting   principles.   Those
     estimates  and  assumptions  affect the reported  amounts of the assets and
     liabilities,  the disclosure of contingent assets and liabilities,  and the
     reported  revenues  and  expenses.  Actual  results  could  vary  from  the
     estimates that were assumed in preparing these financial statements.


                                       9
<PAGE>

                            ZEB ORO EXPLORATIONS INC.
                         (An Exploration Stage Company)

                          NOTES TO FINANCIAL STATEMENTS

                                 March 31, 2000

                      (Unaudited - Prepared by Management)


3.   ACQUISITION OF MINERAL CLAIM

     The Company has acquired one 15 unit metric  mineral claim known as the Zeb
     Oro Claim  located in the  Zeballos  mining  camp near the town of Zeballos
     about 300  kilometres  northwest  of  Victoria,  British  Columbia  with an
     expiration date of February 25, 2001.

     The claims may be retained by the Company by making a yearly lease  payment
     in the amount of CDN $3,000 on February 25, 2001.

     The claims  have not been proven to have a  commercial  minable ore reserve
     and therefore all costs for  exploration  and retaining the properties have
     been expensed.

4.   RELATED PARTY TRANSACTIONS

     Related parties acquired 45% of the common stock issued.

     The  officers and  directors of the Company are involved in other  business
     activities  and they may, in the  future,  become  involved  in  additional
     business  ventures  which also may require their  attention.  If a specific
     business opportunity becomes available, such persons may face a conflict in
     selecting  between  the Company and their  other  business  interests.  The
     Company has formulated no policy for the resolution of such conflicts.

5.   GOING CONCERN

     The Company will need  additional  working  capital to be successful in its
     planned  activities and  continuation  of the Company as a going concern is
     dependent upon obtaining  additional  working capital and the management of
     the Company has  developed a strategy,  which it believes  will  accomplish
     this objective through additional equity funding,  and long term financing,
     which will enable the Company to operate for the coming year.


                                       10
<PAGE>

--------------------------------------------------------------------------------

                           ITEM 2. PLAN OF OPERATIONS

--------------------------------------------------------------------------------


The Company is  contemplating  undertaking  a minor  exploration  program on the
property during the spring or summer of this year.


Liquidity and Capital Resources

Presently, the Company does not have available funds to commence the geochemical
grid program.  To obtain  funding for this program the Company will have to rely
on  advances  from its  director  and  officers,  bank  financing  or through an
issuance of its capital stock.  No decision has been made by the directors as to
the course of action best suited to the Company.


Results of Operations

The Company has had no operations to date.


                                       11
<PAGE>

                                   SIGNATURES


     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.


                            ZEB ORO EXPLORATIONS INC.
                                  (Registrant)



     July 18, 2000                        /s/ "Steven Bruce"
                                          -------------------------------------
                                          Steven Bruce - President and Director



                                       12