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 Securities
      Exchange Act of 1934
      For the fiscal quarter ended September 30, 2007

      Transition  Report under Section 13 or 15(d) of the  Securities  Exchange
      Act of 1934.
      For the transition period from _____ to _____.

      Commission File No. 0-26669

                             Can-Cal Resources Ltd.
		----------------------------------------------
                (Name of Small Business Issuer in its charter)

               Nevada                                   88-0336988
   -------------------------------	   ------------------------------------
   (State or other jurisdiction of         (I.R.S. Employer Identification No.)
   incorporation or organization)

                  2500 Vista Mar Drive, Las Vegas, NV  89128
		  ------------------------------------------
                   (Address of principal executive offices)

                                (702)  243-1849
			  ---------------------------
                          (Issuer's telephone number)

                                         N/A
	   ---------------------------------------------------------
	   (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 12 months  (or for such shorter
period that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days.
                                                              Yes [X]   No [ ]


APPLICABLE ONLY TO CORPORATE ISSUERS

State  the  number  of  shares  outstanding of each of the issuer's classes  of
common equity, as of the latest practicable date:

                Class                       Outstanding as of November 13, 2007
   ------------------------------	    -----------------------------------
   Common Stock, Par Value $.001.                        24,362,538


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




CONTENTS

                                                                    PAGE NO.
								    --------
PART I.     FINANCIAL INFORMATION

ITEM 1.     FINANCIAL STATEMENTS

            Balance Sheet (unaudited)..............................	2
            Statements of Operations (unaudited)...................	3
            Statements of Cash Flows (unaudited)...................	4
            Notes to Financial Statements (unaudited)..............	5

ITEM 2.     Management's Discussion and Analysis of
            Financial Condition....................................	7

ITEM 3.     Controls and Procedures................................	13


PART II.    OTHER INFORMATION

ITEM 1.     Legal Proceedings......................................	14

ITEM 2.     Changes in Securities..................................	14

ITEM 3.     Defaults Upon Senior Securities........................	14

ITEM 4.     Submission of Matters to a Vote of Security Holders....	14

ITEM 5.     Other information......................................	14

ITEM 6.     Exhibits and Reports on Form 8-K.......................	14

            Signatures.............................................	15

            Certifications


<PAGE>



FORWARD LOOKING STATEMENTS


      Section  27A  of  the  Securities  Act of 1933 and  Section  21E  of  the
Securities Exchange Act of 1934 provide a  "safe  harbor"  for  forward looking
statements  that are based on current expectations, estimates and  projections,
and management's beliefs and assumptions.  Words such as "believes," "expects,"
"intends," "plans," "estimates," "may," "attempt," "will," "goal," "promising,"
or variations  of  such  words and similar expressions are intended to identify
such forward-looking statements.  These statements are not guarantees of future
performance and involve certain risks  and uncertainties which are difficult or
impossible  to predict.  Therefore, actual  outcomes  and  results  may  differ
materially from  what  is  expressed  or  forecasted  in  such  forward-looking
statements.  The  Company  undertakes  no  obligation  to  update publicly  any
forward-looking statement whether as a result of new information, future events
or otherwise.

      Such  risks  and  uncertainties  include,  but  are not limited  to,  the
availability  of   metal  ore;  negative  or  inconsistent  test  results,  the
existence of precious metals in the  metal ore available to the  Company  in an
amount  which  permits  their  production  on  an economic basis; the Company's
ability to drill holes and properly test and assay  samples, and its ability to
locate  and  acquire  mineral  properties  which contain sufficient  grades  of
precious metals and/or minerals; the Company's ability to sell a portion or all
of  any  of  its  properties  to  larger mining companies,  or  to  enter  into
agreements with larger mining companies  to  explore  and  possibly develop its
properties;  to produce precious metals on a commercial basis,  the  prices  of
precious metals;  obtaining a mill or refinery to extract precious metals on an
economic basis; the  ability  to maintain the facilities it currently utilizes;
obtain permitting requirements  for  any  mining and milling operations and pay
the costs thereof; have good title to claims  and  equipment; and the Company's
ability to obtain financing necessary to maintain its operations.




PART I.     FINANCIAL INFORMATION

ITEM 1.     FINANCIAL STATEMENTS



<TABLE>
<CAPTION>

<S>				<C>		<C>


		     CAN-CAL RESOURCES LTD
 			 BALANCE SHEET
			  (UNAUDITED)


 ASSETS

				 		September 30,
						    2007
						------------
Current assets
  Cash						$    230,932
						------------
    Total current assets			     230,932

Fixed assets, net				      40,191

Other assets, net				      74,167
						------------
Total assets					$    345,290
						============
LIABILITIES AND STOCKHOLDERS' DEFICIT

Current liabilities
  Accounts payable				$     22,227
  Accrued interest				     297,810
  Accrued officer salary payable		     111,436
  Accrued payroll taxes				      68,587
  Notes payable, related parties		     360,550
  Unearned revenues				      15,000
						------------
    Total current liabilities			     875,610
						------------
Stockholders' deficit
   Preferred stock; $0.001 par value;
     10,000,000 shares authorized, no
     shares issued and outstanding			   -
   Common stock; $0.001 par value;
     100,000,000 shares	authorized,
     24,360,541 shares issued and outstanding 	      24,361
   Additional paid-in capital			   7,347,252
   Accumulated deficit				  (7,901,933)
						------------
    Total stockholders' deficit			    (530,320)
						------------
Total liabilities and stockholders' deficit	$    345,290
						============

See Accompanying Notes to Financial Statements

			2

</TABLE>

<PAGE>

<TABLE>
<CAPTION>

<S>				<C>		<C>


			CAN-CAL RESOURCES LTD
 		      STATEMENTS OF OPERATIONS
			     (UNAUDITED)


					 For the Three Months Ended	 For the Nine Months Ended
			 			September 30, 			  June 30,
					---------------------------	---------------------------
					    2007	    2006	    2007	    2006
					-----------	-----------	-----------	-----------
Material sales				$	  -   	$	  -   	$	  -   	$	  -

Cost of sales				 	  -   		  -   		  -   		  -
					-----------	-----------	-----------	-----------
   Gross profit			 		  -   		  -   		  -   		  -
					-----------	-----------	-----------	-----------
Expenses
   Exploration costs			     46,588 	     12,100 	    149,532 	     22,800
   Depreciation			 	      1,277 	      1,700 	      7,297 	      4,800
   General and administrative expenses	     64,631 	     79,000 	    173,375	    167,200
   General and administrative expenses
		       - related party	     30,942 	     97,800 	     92,994 	    272,100
					-----------	-----------	-----------	-----------
	Total operating expenses	    143,438 	    190,600 	    423,198 	    466,900
					-----------	-----------	-----------	-----------
Loss from operations			   (143,438)	   (190,600)	   (423,198)	   (466,900)
					-----------	-----------	-----------	-----------
Other income (expense)
   Befeficial conversion discount		  -	     (4,200)		  -	    (25,200)
   Interest income			      2,387 		  -   	      9,346 		100
   Gain on disposal of fixed assets	      	  - 		  -   	      3,701 		  -
   Rental revenue			      5,625 	      5,600 	     16,875 	     42,900
   Interest expense			    (14,169)	    (26,900)	    (43,057)	    (74,100)
					-----------	-----------	-----------	-----------
	Total other income (expense)	     (6,157)	    (25,500)	    (13,135)	    (56,300)
					-----------	-----------	-----------	-----------
Loss before provision for income taxes	   (149,595)	   (216,100) 	   (436,333)	   (523,200)

Provision for income taxes			  -   		  -   		  -   		  -
					-----------	-----------	-----------	-----------
Net loss				$  (149,595)	$  (216,100)	$  (436,333)	$  (523,200)
					===========	===========	===========	===========
Basic and diluted weighted average
    common shares outstanding	 	 24,337,458 	 20,495,337 	 24,093,492 	 20,389,937
					===========	===========	===========	===========
Basic and diluted loss per common share	$     (0.01)	$     (0.01)	$     (0.02)	$     (0.03)
					===========	===========	===========	===========

See Accompanying Notes to Financial Statements

			3


</TABLE>

<PAGE>

<TABLE>
<CAPTION>

<S>				<C>		<C>


				 CAN-CAL RESOURCES LTD
 				STATEMENTS OF CASH FLOWS
				      (UNAUDITED)



								For the Nine Months Ended
					 			      September 30,
								-------------------------
								   2007		   2006
								---------	---------
Cash flows from operating activities:
   Net loss							$(436,333)	$(523,200)
   Adjustments to reconcile net loss to net
      cash used by operating activities:
	Beneficial conversion feature on convertible debt		-   	   25,200
	Common stock issued for accrued wages, related party	   22,000 		-
	Depreciation and amortization				    7,297 	    4,800
	Financing fees			 			   24,400 	   24,400
	Gain on disposal of fixed assets			   (3,701)		-
	Stock based compensation				    2,000 	   72,600
	Stock options granted to officers and consultants		-   	  123,500
	Decrease (increase) in assets:
	Accounts receivable			 		    3,600 		-
	Other current assets			 			-   	    8,600
	Other assets						  (10,000)		-
	Increase (decrease) in liabilities:
	Accounts payable			 		  (11,973)	   18,300
	Accrued interest			 		   35,310 	   46,200
	Accrued officer salary			 		  (68,331)	   53,300
	Accrued payroll taxes			 			- 	   (2,000)
	Unearned revenues			 		    5,600 	    5,600
								---------	---------
	Net cash used by operating activities			 (454,531)	 (142,700)
								---------	---------
Cash flows from investing activities:
   Purchase of fixed assets					  (31,788)	   (5,800)
   Purchase of mining claims					  (15,054)	  (19,600)
   Proceeds from sale of fixed assets				    7,000 		-
								---------	---------
	Net cash used in investing activities			  (39,842)	  (25,400)
								---------	---------
Cash flows from financing activities:
   Payment due to stockholder					 	-   	  (11,500)
   Principal payments on notes payable, related parties		  (20,750)		-
   Proceeds from issuance of common stock			  140,012 	  506,200
   Proceeds from the exercise of warrants			  186,343 		-
								---------	---------
	Net cash provided by financing activities 		  305,605 	  494,700
								---------	---------
Net increase (decrease) in cash					 (188,768)	  326,600
   Cash, beginning of period					  419,700 	   17,000
								---------	---------
   Cash, end of period						$ 230,932 	$ 343,600
								=========	=========
Supplemental disclosure of cash flow information:
   Cash paid for income taxes					$	- 	$ 	-
								=========	=========
   Cash paid for interest					$	- 	$ 	-
								=========	=========
   Warrants issued for services					$	- 	$  67,603
								=========	=========
   Issuance of common stock for services			$	- 	$   5,000
								=========	=========
   Accrued interest added to principle on note payable		$	- 	$   5,900
								=========	=========
   Accrued interest added to principle on note payable		$	- 	$ 	-
								=========	=========
   Debt forgiveness recorded as contributed capital		$ 101,745 	$ 	-
								=========	=========

See Accompanying Notes to Financial Statements

			4


</TABLE>

<PAGE>



ITEM 2.                 NOTES TO FINANCIAL STATEMENTS

                             CAN-CAL RESOURCES LTD
                    NOTES TO CONDENSED FINANCIAL STATEMENTS
                                  (UNAUDITED)




1.   BASIS OF PRESENTATION

   The  accompanying  unaudited  financial  statements  have  been  prepared in
   accordance with Securities and Exchange Commission requirements for  interim
   financial  statements. Therefore, they do not include all of the information
   and footnotes  required  by  accounting principles generally accepted in the
   United States for complete financial  statements.  The  financial statements
   should  be  read  in  conjunction  with the Form 10-KSB for the  year  ended
   December 31, 2006 of Can-Cal Resources Ltd ("the Company").

   The interim financial statements present  the  balance  sheet, statements of
   operations,  and  cash  flows  of  Can-Cal  Resources  Ltd.   The  financial
   statements  have  been  prepared  in  accordance  with accounting principles
   generally accepted in the United States.

   The  interim  financial  information  is  unaudited.   In   the  opinion  of
   management,  all  adjustments  necessary  to  present  fairly  the financial
   position  as  of September 30, 2007 and the results of operations  and  cash
   flows presented  herein  have  been  included  in  the financial statements.
   Interim results are not necessarily indicative of results  of operations for
   the full year.

   The  preparation  of  financial  statements  in  conformity  with accounting
   principles  generally  accepted in the United States 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.


2. GOING CONCERN

   The Company  incurred  a  net  loss  of  approximately $436,000 for the nine
   months ended September 30, 2007.  The Company's  current  liabilities exceed
   its  current  assets  by  approximately $645,000 as of September  30,  2007.
   These  factors create substantial  doubt  about  the  Company's  ability  to
   continue  as a going concern.  The Company's management plans to continue to
   fund its operations  in the short term with a combination of debt and equity
   financing, as well as revenue from operations in the long term.

   The ability of the Company  to  continue  as a going concern is dependent on
   additional sources of capital and the success  of  the  Company's plan.  The
   financial statements do not include any adjustments that  might be necessary
   if the Company is unable to continue as a going concern.


3. NOTES PAYABLE, RELATED PARTIES

   Notes payable consisted of the following as of September 30, 2007:

     Note payable to a stockholder, secured by real  property,
     bearing interest at 16.0% per annum, semi-annual interest
     only payments, matured November 2005 (currently in default)   $   300,000

     Note payable to a stockholder, secured by  real  property,
     bearing interest at 8.0% per annum, maturing February 2008		25,114

     Note payable to a stockholder, secured by  real property,
     bearing interest at 8.0% per annum, maturing January 2008		35,436
                                                                   -----------
     Current portion (amounts due within one year)    		   $   360,550
								   ===========

   The Company is in default of its semi-annual interest payments  of  $280,000
   for the years ended 2002- 2006 and the nine months ended September 30,  2007
   on  a  note  payable  of  $300,000.   The  Company  is currently negotiating
   forbearance on collection of the principle and interest.

			5
<PAGE>

4.   CHANGES IN SECURITIES

  During the nine months ended September 30, 2007, the Company  sold  1,043,455
  restricted common shares to various accredited Canadian and US residents  for
  a  total  of  $326,368,  and  issued  warrants to purchase 298,083 restricted
  common shares, exercisable between $.45 and $.65 per share.

  During the nine months ended September  30,  2007,  the  Company  also issued
  50,000  shares  of restricted common stock as part of  a settlement agreement
  with a former officer  of  the Company for compensation of  accrued salaries.
  In addition to cash payments of  $3,500 per month for twelve (12) consecutive
  months beginning January 2007 and terminating December 2007.  The Company has
  recorded debt forgiveness of  $101,745  in  accordance  with the terms of the
  settlement agreement. Due to the related party nature of  the transaction the
  gain  has  been recorded to additional paid in capital, therefore  there  has
  been no impact on the Company's net loss.


5. SUBSEQUENT EVENTS

  On October 10, 2007,   the  Company  sold  2,000 shares of  restricted common
  stock for a total of  $1,000 valued at $.50  per share and issued warrants to
  purchase 2,000 restricted common shares, exercisable at $.65 per share.


			6
<PAGE>

ITEM 2.      MANAGEMENT'S DISCUSSION AND ANALYSIS

(A)    PLAN OF OPERATION.

       Can-Cal  Resources  Ltd.  is a public company engaged in the acquisition
and exploration of precious metals  mineral  properties.  The Company initiated
the re-evaluation of its North American properties, which began the 2nd quarter
of 2005, through in-house and independent analysis.

   On  September  26, 2006, the Company signed a letter of intent  with  E.R.S.
Ltd., an Israeli owned Cyprus corporation with offices located in Tel Aviv. The
letter of intent was  to  expand  testing  by E.R.S. on material from Can-Cal's
Pisgah property. As of September 30, 2007, the  Company  was  unable to reach a
definitive  agreement  with  E.R.S.;  therefore,  the Board of Directors  voted
unanimously to discontinue further negotiations.

       In April, June, July and September 2006, the  Company  conducted further
surface  sampling  and  rock  wall  sampling on its Wikieup, Arizona  property.
These samples were shipped to ALS Chemex, an internationally recognized assayer
for  fire  assays  and  I.C.P.  tests.   The  preliminary  assay  results  were
encouraging and the Company will continue  with  further  surface sampling from
various areas of the approximate six square miles of claimed land.

       In  May  and September 2006, Can-Cal acquired an additional  66  20-acre
lode claims for the  filing  cost  of  $1,200.   This  increased  the Company's
property holding to 1900 acres or 2.969 square miles of 95 lode claims.

       On August 28, 2006, Can-Cal acquired an additional 1,800 acres  from the
Rose  Trust  in  exchange  for 1,000,000 restricted shares of its common stock.
This increases the Company's  property holding on its Wikieup, Arizona property
to approximately six square miles. The area is accessed by gravel road just off
highway 93 approximately eight miles from the town of Wikieup, Arizona.

       Adits, tunnels, and open  pit locations following what may be a trend or
vein structure over a large region  have been found on the property. The legacy
of previous mining activity including;  abandoned equipment, stone built homes,
a cement water reservoir and numerous tailings  piles, can be seen from various
locations.

       Upon receipt of the recent surface sample  assay results from ALS Chemex
(up  to  Au  1.27  O.P.T , Ag - 32.52  O.P.T  and Zn 25.1  %)  the  Company  is
attempting to follow what may be a trend or vein structure and has subsequently
claimed the additional 1,320 acres.

			7
<PAGE>

       The geology of  the  Wikieup  area  claims  is  comprised of Precambrian
granoids  and gneiss.  Outcrops are extensive on the property  and  rock  units
include diorite, gabbro and granitic dikes.

       The Company is continuing the surface sampling program and plans to hire
an independent geologist for continued exploration.

       The Company plans to expand its U.S. property holdings in 2007.

       The  Company  presently has two full-time employees and will continue to
rely on outside consultants  and  agents,  in the near-term, to perform various
administrative, legal and technical functions, as required.

(B)    RESULTS OF OPERATIONS FOR THE THREE MONTHS  ENDED SEPTEMBER 30, 2007 AND
2006.

       The  following table summarizes selected items  from  the  statement  of
operations for  the three months ended September 30, 2007 compared to September
30, 2006.

EXPENSES:

<TABLE>
<CAPTION>
<S>								<C>			<C>
                                                                Three Months Ended
                                                                  September 30,
							      ---------------------
                                                                  2007       2006     Increase/(Decrease)
							      ----------- ---------  ---------- --------
                                                                 Amount     Amount       $         %
							      ----------  ---------  ---------- --------

Expenses:
  Beneficial conversion discount                              $	       -  $   4,200      (4,200)   (100%)
  Exploration costs                                           	  46,588     12,100      34,488     285%
  Depreciation                                                 	   1,277      1,700        (423)    (25%)
  General & administrative expenses                          	  64,631     79,000     (14,369)    (18%)
  General & administrative       expenses - related party    	  30,942     97,800     (66,858)    (68%)
   Total operating expenses                                 	 143,438    194,800     (51,362)    (26%)
							      ----------  ---------
Loss from operations                                       	(143,438)  (194,800)     (51,362)   (26%)
							      ----------  ---------
Other income (expense):
  Interest income                                             	   2,387          -        2,387       -
  Gain on disposal of fixed assets                                     -          -            -       -
  Rental revenue                                               	   5,625      5,600           25     .5%
  Interest expense                                          	 (14,169)   (26,900)     (12,731)   (47%)
							      ----------  ---------
Net loss                                                      $ (149,595) $(216,100)   $ (66,505)   (31%)
							      ==========  =========
</TABLE>


			8
<PAGE>

EXPLORATION COSTS

       Exploration  costs  for  the  three  months  ended  September  30,  2007
increased  by $34,488 or 285% from $12,100 for the three months ended September
30, 2006 to $46,588 for the three months ended September 30, 2007. The increase
is a result  of  increased  exploration  of U.S. properties in order to extract
precious metals for testing purposes.

       Unless the Company is able to establish  the  economic  viability of its
mining  properties,  the  Company  will  continue  writing off its expenses  of
exploration  and  testing of its properties. Therefore,  losses  will  continue
unless the Company  sells  one  or  more  of  its  properties  or  locates  and
delineates  reserves  and  initiates  mining  operations.   If that occurs, the
Company may capitalize certain of those expenses.

       The  Company has no material commitments for capital expenditures  other
than expenditures it chooses to make with respect to testing and or exploration
of its mineral properties.

DEPRECIATION

     Depreciation  for  the  three months ended September 30, 2007 decreased by
$423 or 25% from $1,700 for the three months ended September 30, 2006 to $1,277
for the three months ended September  30, 2007. The increase is principally due
to the deletion of a furnace purchased in January of 2007.

GENERAL AND ADMINISTRATIVE EXPENSES

     General and administrative expenses  for  the three months ended September
30, 2007 decreased by $14,369 or 18% from $79,000  for  the  three months ended
September  30, 2006 to $64,631 for the three months ended September  30,  2007.
The decrease  is  principally  due  to  decreased  advertising  and stock house
expenses.

GENERAL AND ADMINISTRATIVE EXPENSES - RELATED PARTY

     General and administrative expenses - related party for the  three  months
ended September 30, 2007 decreased by $66,858 or 68% from $97,800 for the three
months ended September 30, 2006 to $30,942 for the three months ended September
30,  2007. The decrease is principally due to the one time conversion of salary
in 2006. No such conversion was done in 2007.

TOTAL OPERATING EXPENSES

       Total  operating  expenses for the three months ended September 30, 2007
decreased by $51,362 or 26%  from $194,800 for the three months ended September
30,  2006 to $143,438 for the three  months  ended  September  30,  2007.   The
decrease  in  total  operating  expenses  was  mainly  a result of management's
efforts to control overhead costs. During the prior year,  we  experienced non-
recurring   costs  required  to  support  certain  debt  financing  activities,
conversion of  salary as well as, costs associated with the issuance of options
to an Officer of the Company.

			9
<PAGE>

OTHER INCOME (EXPENSE)

       During the three months ended September 30, 2007, interest income in the
amount of $2,387  relates  to  interest  earned on cash received as a result of
financing activities.

       Interest expense for the three months ended September 30, 2007 decreased
by $12,731 or 47% from $26,900 for the three  months  ended  September 30, 2006
compared  to  $14,169  for  the  three  months  ended September 30, 2007.   The
significant decrease is due to the repayment of certain  long  term  debts that
were paid with the Company's common stock at the end of 2006.

NET LOSS

       Our net loss was $149,595 for the three months ended September  30, 2007
compared  to  a  net loss of $216,100 for the three months ended September  30,
2006.  We expect to improve our results of operations through the attainment of
sufficient working  capital  and  a  focus  on  generating  revenues  from  the
subcontracting   of   mining   activities,  and  a  reduction  of  general  and
administrative expenses.

(C)    RESULTS OF OPERATIONS FOR  THE  NINE MONTHS ENDED SEPTEMBER 30, 2007 AND
2006.

       The following table summarizes selected  items  from  the  statement  of
operations  for  the nine months ended September 30, 2007 compared to September
30, 2006.

			10
<PAGE>

EXPENSES:

<TABLE>
<CAPTION>
<S>									<C>		<C>
                                                                NINE MONTHS ENDED
                                                                  SEPTEMBER 30,
							     ------------------------
                                                                 2007         2006     INCREASE/(DECREASE)
                                                                AMOUNT       AMOUNT        $         %
							     ------------ -----------  ---------- --------

Expenses:
  Beneficial conversion discount                             $          - $    25,200   $ (25,200)   (100%)
  Exploration costs                                               149,532      22,800     126,732     556%
  Depreciation                                                      7,297       4,800       2,497      52%
  General & administrative expenses                               173,375     167,200       6,175       4%
  General & administrative       expenses - related party          92,994     272,100    (179,106)    (66%)
   Total expenses                                                 423,198     491,100     (68,902)    (14%)
							     ------------ -----------
Net operating loss                                               (423,198)   (492,100)    (68,902)    (14%)
 							     ------------ -----------
Other income (expense):
  Interest income                                                   9,346         100       9,246    9246%
  Gain on disposal of fixed asset                                   3,701           -       3,701     100%
  Rental revenue                                                   16,875      42,900     (26,025)    (61%)
  Interest expense                                                (43,057)    (74,100)    (31,043)    (42%)
							     ------------ -----------
Net loss                                                     $   (436,333)$  (523,200)   $(86,867)    (17%)
							     ============ ===========
</TABLE>

BENEFICIAL CONVERSION DISCOUNT

     During the nine  months  ended  September  30, 2006, beneficial conversion
discount  in  the  amount of $25,200 relates to a convertible  feature  of  the
Company's long term debt.

EXPLORATION COSTS

       Exploration costs for the nine months ended September 30, 2007 increased
by $126,732 or 556%  from  $22,800 for the nine months ended September 30, 2006
to $149,532 for the nine months  ended  September  30,  2007. The increase is a
result of increased exploration of US properties in order  to  extract precious
metals for testing purposes.

       Unless  the Company is able to establish the economic viability  of  its
mining properties,  the  Company  will  continue  writing  off  its expenses of
exploration  and  testing  of  its properties. Therefore, losses will  continue
unless  the  Company  sells one or  more  of  its  properties  or  locates  and
delineates reserves and  initiates  mining  operations.   If  that  occurs, the
Company may capitalize certain of those expenses.

       The  Company has no material commitments for capital expenditures  other
than expenditures it chooses to make with respect to testing and or exploration
of its mineral properties.

DEPRECIATION

     Depreciation  for  the  nine  months ended September 30, 2007 increased by
$2,497 or 52% from $4,800 for the nine  months  ended  September  30,  2006  to
$7,297  for  the  nine  months  ended  September  30,  2007.  The  increase  is
principally  due to the additional depreciation of assets purchased in April of
2007.

			11
<PAGE>

GENERAL AND ADMINISTRATIVE EXPENSES

     General and  administrative  expenses  for the nine months ended September
30, 2007 increased by $6,175 or 4% from $167,200  for  the  nine  months  ended
September  30,  2006  to $173,375 for the nine months ended September 30, 2007.
The increase is principally  due  to  the  hiring  of  additional  personal  to
increase investor relations.

GENERAL AND ADMINISTRATIVE EXPENSES - RELATED PARTY

     General  and  administrative  expenses - related party for the nine months
ended September 30, 2007 decreased by  $179,106  or  66%  from $272,100 for the
nine  months  ended  September  30, 2006 to $92,994 for the nine  months  ended
September 30, 2007. The decrease  is  principally due to the one time charge in
2006 related to options that were issued  to an Officer of the Company. No such
options were issued in 2007.

TOTAL OPERATING EXPENSES

       Total operating expenses for the nine  months  ended  September 30, 2007
decreased by $68,902 or 14% from $492,100 for the nine months  ended  September
30, 2006 to $423,198 for the nine months ended September 30, 2007. The decrease
in  total  operating  expenses  was mainly a result of management's efforts  to
control overhead costs. During the  prior  year,  we  experienced non-recurring
costs required to support certain debt financing activities,  as well as, costs
associated with the issuance of options to an Officer of the Company.

OTHER INCOME (EXPENSE)

       Interest income for the nine months ended September 30,  2007  increased
by  $9,246  or 9246% from $100 for the nine months ended September 30, 2006  to
$9,346  for  the  nine  months  ended  September  30,  2007.  The  increase  is
principally due to interest earned on a money market account that was opened in
2007 using proceeds from financing activities.

       During  the nine months ended September 30, 2007, the Company recognized
a gain on disposal of fixed assets in the amount of $3,701 from the sale of two
vehicles.

       Rental revenue for the nine months ended September 30, 2007 decreased by
$26,025 or 61% from  $42,900  for  the  nine  months  ended  September 30, 2006
compared  to  $16,875  for  the  nine  months  ended  September 30, 2007.   The
significant decrease is due to a one time charge in 2006  related to the rental
of the Company's land to a movie production company.

       Interest expense for the nine months ended September  30, 2007 decreased
by  $31,043  or 42% from $74,100 for the nine months ended September  30,  2006
compared to $43,057  for  the  nine  months  ended  September  30,  2007.   The
significant  decrease  is  due to the repayment of certain long term debts that
were paid with the Company's common stock at the end of 2006.

NET LOSS

       Our net loss was $436,333  for  the nine months ended September 30, 2007
compared to a net loss of $523,200 for the  nine  months  ended  September  30,
2006.  We expect to improve our results of operations through the attainment of
sufficient  working  capital  and  a  focus  on  generating  revenues  from the
subcontracting   of   mining   activities,  and  a  reduction  of  general  and
administrative expenses.

(D)    LIQUIDITY AND CAPITAL RESOURCES AND RESULTS OF OPERATIONS

       The  following table summarizes  total  current  assets,  total  current
liabilities and  working capital at September 30, 2007 compared to December 31,
2006.


                          September 30, December 31,     INCREASE/(DECREASE)
			  ------------	-----------	--------------------
			       2007        2006		     $        %
			  ------------	-----------	----------  --------

Current Assets            $    230,932  $   423,300 	$ (192,368)	(45%)
			  ============	===========
Current Liabilities       $    875,610  $ 1,037,500 	$ (161,890)	(16%)
			  ============	===========
Working Capital (deficit) $   (644,678) $  (614,200)	$ ( 30,478) 	 (5%)
			  ============	===========

Internal and External Sources of Liquidity

       During the  nine  months  ended  September  30,  2007, our operating and
investing activities used cash of $454,531 and $39,842, respectively, while our
financing  activities  provided cash of $305,605. The cash  used  in  operating
activities was principally a result of the net loss we incurred.

       Cash Flow. Since  inception,  we  have  primarily financed our cash flow
requirements through the issuance of common stock  and  the  issuance of notes.
With  the  growth of our current business we may, during our normal  course  of
business, experience  net negative cash flows from operations until some of our
mining activities begin  to  produce  revenues.  Further, we may be required to
obtain financing to fund operations through additional  common  stock offerings
and  bank  or  other  debt  borrowings,  to the extent available, or to  obtain
additional financing to the extent necessary  to  augment our available working
capital.

			12
<PAGE>

SATISFACTION OF OUR CASH OBLIGATIONS FOR THE NEXT TWELVE MONTHS.

       As of September 30, 2007, our cash balance was  $230,932.  Our  plan for
satisfying  our  cash  requirements  for  the  next  twelve  months  is through
additional equity, third party financing, and/or debt financing.  We anticipate
our  current  cash  reserves  will  be sufficient to support operations through
December  31,  2007, but do not anticipate  generating  sufficient  amounts  of
positive cash flow  to  meet our working capital requirements. Consequently, we
intend to make appropriate plans to ensure sources of additional capital in the
future to fund growth and expansion through additional equity or debt financing
or credit facilities. We  also  are  considering possible funding through joint
venture arrangements with other mining companies.

       As we expand operational activities,  we  may continue to experience net
negative  cash flows from operations, pending receipt  of  sales  and  will  be
required to obtain additional financing to fund operations through common stock
offerings and  debt  borrowings  to  the  extent  necessary  to provide working
capital.

       We  anticipate  incurring  operating losses until we build  our  capital
base.  Our  recent operating history  makes  predictions  of  future  operating
results difficult to ascertain. In addition, since our cash position has fallen
we are finding  it  increasingly difficult to expand our operations.  Thus, our
prospects must be considered  in  light of the risks, expenses and difficulties
frequently  encountered  by companies  in  their  early  stages  of  commercial
viability, particularly companies  in  rapidly  evolving  energy  markets. Such
risks  include, but are not limited to, an evolving and unpredictable  business
model and the management of growth. To address these risks we must, among other
things, implement and successfully execute our business and marketing strategy,
continue to develop and upgrade technology and products, respond to competitive
developments, and continue to attract, retain and motivate qualified personnel.
There can  be no assurance that we will be successful in addressing such risks,
and the failure  to  do  so  can have a material adverse effect on our business
prospects, financial condition and results of operations.


ITEM 3.     CONTROLS AND PROCEDURES

      In  the  90  day  period before the filing of this report, the certifying
officer  of  the Company has  evaluated  the  effectiveness  of  the  company's
disclosure controls  and  procedures.  These disclosure controls and procedures
are those controls and other  procedures  we  maintain,  which  are designed to
ensure that all of the information required to be disclosed by the  company  in
all  its periodic reports filed with the SEC is recorded, processed, summarized
and reported,  within  the time periods specified in the SEC's rules and forms.
Disclosure controls and  procedures  include,  without limitation, controls and
procedures designed to ensure that information required  to be disclosed by the
company in its reports filed or submitted under the Securities  Exchange Act of
1934 is accumulated and communicated to company management, as appropriate,  to
allow management to make timely decisions  regarding  required disclosure.  The
Company believes that its disclosure controls and procedures  are  effective to
ensure  that  information  required  to  be disclosed by the Company in reports
that  it files or submits under the 1934 Act is recorded, processed, summarized
and reported within  the time  periods specified  in  Securities  and  Exchange
Commission rules and forms.

      Subsequent  to  the date when the disclosure controls and procedures were
evaluated,  there have not  been  any  significant  changes  in  the  company's
disclosure controls  or procedures or in other factors that could significantly
affect such controls or  procedures.   No  significant deficiencies or material
weaknesses  in  the  controls or procedures were  detected,  so  no  corrective
actions needed to be taken.

			13
<PAGE>

PART II - OTHER INFORMATION

ITEM 1.   LEGAL PROCEEDINGS

 None.

ITEM 2.  CHANGES IN SECURITIES.

      During the three   months  ended  September   30,  2007, the Company sold
51,946  restricted  shares  of  common  stock  to  various accredited  Canadian
investors and one United States investor for a total of $25,973, and at a price
of $0.65 per share. These securities were issued in  private transactions, with
respect  to  the  Canadian  residents,  in  reliance  on  the   exemption  from
registration  with  the  SEC provided by Regulation S and with respect  to  the
United  States investor, in  reliance  upon  the  exemption  from  registration
provided under Section 4(2) of the 1933 Securities Act.

      The Company redeemed  33,000  warrants  held  by a Canadian resident at a
price of $0.25 per share for a total of $8,250.00

      On  October  10, 2007, subsequent to the end of the  2007  third  quarter
period, the Company  sold  2,000 shares of  restricted common stock for a total
of  $1,000 valued at $.50 per  share  and  issued  warrants  to  purchase 2,000
restricted common shares, exercisable at $.65 per share.  These securities were
issued to an accredited Canadian investor in a private transaction  in reliance
upon Regulation S.

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES


      The  Company  is in default of a note payable for $300,000 and its  semi-
annual interest payments  of  $280,000  for  the years ended 2002- 2006 and the
nine  months  ended September 30, 2007. The Company  is  currently  negotiating
forbearance on collection of the principle and interest.

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

None.

ITEM 5. OTHER INFORMATION

  N/A

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

EXHIBIT 32    Certification  Per Sarbanes Oxley

			14
<PAGE>

                                  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.


                                       CAN-CAL RESOURCES LTD.
                                       (REGISTRANT)

Date:  November 14, 2007               By:/s/Ronald D. Sloan
					  --------------------
                                          RONALD D. SLOAN,
                                          Chief Executive Officer and
					  President




			15

<PAGE>