UNITED STATES SECURITIES ANDEXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-KSB

(Mark  one)
[X]     ANNUAL  REPORT  UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
        OF  1934  (no  fee  required)

                     For the fiscal year ended July 31, 2001


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

                    For  the  transition  period          to

                         Commission file number 0-31981

                            GOLD BOND RESOURCES, INC.
                 (Name of small business issuer in its charter)

                      Washington                            91-0757753
(State or other jurisdiction of incorporation)        (I.R.S. Employer Id. No.)

                   12210 Carstens Road, Reardan, WA         99029
             (Address of principal executive offices)     (Zip code)

       Registrant's telephone number, including area code:  (509) 827-3523

      Securities registered under Section 12(b) of the Exchange Act:  None

         Securities registered under Section 12(g) of the Exchange Act:
                     Common Stock, par value $.001 per share

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 as 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     ( )

Indicate  by  check mark if disclosure of delinquent filers pursuant to Item 405
of  Regulation  S-B  is  not contained herein, and will not be contained, to the
best  of  registrant's  knowledge,  in  definitive  proxy  or  other information
statements  incorporated  by  reference  in  Part III of this Form 10-KSB or any
amendments  to  this  Form  10-KSB.  [  ]

The  registrant  generated  no  revenues  for  its  most  recent  fiscal  year.

The  aggregate  market  value  of  the  voting  and  non-voting  stock  held  by
non-affiliates  of  the registrant, based on the average bid and ask price as of
October  3,  2001  was  $1,588,174.

At October 3, 2001, the registrant had 9,169,999 outstanding shares of par value
$.001  common  stock.

<PAGE>

                                TABLE OF CONTENTS

                                     PART I

ITEM  1.     DESCRIPTION  OF  BUSINESS                                        1


ITEM  2.     DESCRIPTION  OF  PROPERTIES                                      2


ITEM  3.     LEGAL  PROCEEDINGS                                               3

ITEM  4.     SUBMISSION  OF  MATTERS  TO  A  VOTE OF SECURITY HOLDERS         3

                                     PART II

ITEM  5.     MARKET  FOR  COMMON  EQUITY  AND  RELATED  STOCKHOLDER
             MATTERS                                                          3

ITEM  6.     MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OR  PLAN  OF
             OPERATIONS                                                       3

ITEM  7.     FINANCIAL  STATEMENTS                                            4

ITEM  8.     CHANGES  IN  AND  DISAGREEMENTS  WITH  ACCOUNTANTS  ON
             ACCOUNTING  AND  FINANCIAL  DISCLOSURE                           4

                                    PART III

ITEM  9.     DIRECTORS,  EXECUTIVE  OFFICERS,  PROMOTERS  AND  CONTROL
             PERSONS, COMPLIANCE WITH SECTION 16(a) OF THE EXCHANGE
             ACT                                                              4

ITEM  10.     EXECUTIVE  COMPENSATION                                         5

ITEM  11.     SECURITY  OWNERSHIP  OF  CERTAIN  BENEFICIAL  OWNERS  AND
              MANAGEMENT                                                      5

ITEM  12.     CERTAIN  RELATIONSHIPS  AND  RELATED  TRANSACTIONS              6

ITEM  13.     EXHIBITS  AND  REPORTS  ON  FORM  8-K                           6

SIGNATURES                                                                    7

FINANCIAL  STATEMENTS                                                    F1-F11



















PART  I

Explanatory  Note:  As  used  in this report, the terms "we," "us" and "our" are
sometimes  used  to  refer  to  Gold  Bond  Resources,  Inc. and, as the context
requires,  its  management.


ITEM  1.  DESCRIPTION  OF  BUSINESS

SAFE  HARBOR  STATEMENT

This  Form   10-KSB   contains   forward-looking   statements.   Forward-looking
statements  include  statements concerning plans, objectives, goals, strategies,
future  events or performance and underlying assumptions that are not statements
of  historical facts.This document and any other written or oral statements made
by us or on our behalf may include forward-looking statements, which reflect our
current  views  with  respect  to  future events and financial performance.  The
words  "believe,"  "expect,"  "anticipate,"  "intends," "estimates," "forecast,"
"project"  and  similar  expressions  identify  forward-looking  statements.

The  forward-looking  statements  in  this   document  are  based  upon  various
assumptions,  many of which are based on management's discussion and analysis or
plan of operations and elsewhere in this report.  Although we believe that these
assumptions  were  reasonable  when made, these statements are not guarantees of
future  performance  and are subject to certain risks and uncertainties, some of
which  are  beyond  our  control,  and are difficult to predict.  Actual results
could  differ  materially  from  those  expressed in forward-looking statements.
Readers  are  cautioned  not  to  place  undue  reliance  on any forward-looking
statements,  which reflect management's view only as of the date of this report.

GENERAL

Gold  Bond  Resources,  Inc.  (the "Company," "Registrant," or "Gold Bond"), was
incorporated  on  July  30, 1935 under the laws of the State of Washington.  The
Company,  originally  named Gold Bond Mining Company was formed to engage in the
acquisition,  exploration, development and, if warranted, the mining of precious
metals,  primarily  gold, silver and associated minerals.  In 1935 and 1936, the
Company  acquired  various  mining  claims  near  the Blewitt Mining District of
Chelan  County, Washington.  The Company has been in the development stage since
inception  and  has  no  operations  to  date.

In  1999,  the  Company's management determined that the future possibilities of
mine  development  of  the  properties  were  remote  and  decided  to  sell the
properties, allowing it to retire its financial obligations and generate working
capital  to  locate  other  business  opportunities.

In  June  2000,  the  Board  of  Directors  of  the  Company elected to commence
implementation  of  the  Company's  principal  business  purpose,  to locate and
consummate  a  merger  or  acquisition  with  a  private  entity.











<PAGE>

PLAN  OF  OPERATION

The  Company's  purpose  is  to  seek,  investigate  and,  if such investigation
warrants,  acquire  an  interest  in  business  opportunities presented to it by
persons  or  firms  who  or  which  desire to seek the perceived advantages of a
publicly  registered  corporation.  The  Company will not restrict its search to
any  specific  business,  industry, or geographical location and the Company may
participate  in  a business venture of virtually any kind or nature. The Company
may  seek  a  business  opportunity  with entities which have recently commenced
operations,  or  wish  to  utilize  the  public  marketplace  in  order to raise
additional capital in order to expand into new products or markets, to develop a
new  product  or  service,  or  for  other  corporate purposes.  The Company may
acquire  assets and establish wholly owned subsidiaries in various businesses or
acquire  existing  businesses  as  subsidiaries.  Business  opportunities may be
available in many different industries and at various stages of development, all
of  which  will  make the task of comparative investigation and analysis of such
business  opportunities  extremely  difficult and complex.  Although the Company
has  no  capital with which to provide the owners of business opportunities with
any  significant  cash  or other assets, management believes the Company will be
able  to  offer  owners  of  acquisition candidates the opportunity to acquire a
controlling  ownership  interest  in  a  publicly  registered   company  without
incurring the cost and time required to conduct a public offering.  The analysis
of  new  business  opportunities will be undertaken by, or under the supervision
of,  the  officers  and directors of the Company, none of whom is a professional
business  analyst.  Management intends to concentrate on identifying preliminary
prospective business opportunities which may be brought to its attention through
present  associations  of  the  Company's  officers  or  through advertising the
Company's  availability  for  acquisition.  In  analyzing  prospective  business
opportunities, management will consider such matters as the available technical,
financial  and  managerial  resources;  working  capital   and  other  financial
requirements; history of operations, if any; prospects for the future; nature of
present  and  expected  competition;  the  quality  and experience of management
services  which may be available and the depth of that management; the potential
for further research, development, or exploration, specific risk factors not now
foreseeable  but which then may be anticipated to impact the proposed activities
of the Company; the potential for growth or expansion; the potential for profit;
the perceived public recognition or acceptance of products, services, or trades;
name  and  identification;  and  other  relevant  factors.

EMPLOYEES

The Company has no paid employees.  None of the Company's executive officers are
employed  by  the  Company.  Management  services are provided on an "as needed"
basis  without  compensation,  generally  consisting of less than five hours per
week.  The Company has no oral or written contracts for services with any member
of  management.

COMPETITION

The Company is and will remain an insignificant participant among the firms that
engage  in  mergers  with and acquisitions of privately financed entities.  Many
established  venture  capital  and financial concerns have significantly greater
financial  and personnel resources and technical expertise than the Company.  In
view  of  the  Company's  limited  financial  resources  and  limited management
availability,  the  Company  will  continue  to be at a significant disadvantage
compared  to  its  competitors.





<PAGE>
ITEM  2.  DESCRIPTION  OF  PROPERTIES

The Company has no properties.  The Company presently operates from office space
provided  on a rent-free basis by the Company's President, W. Sherwin Broadhead,
at  12210  Carstens  Road,  Reardan,  WA,  99029.  In  the event that this space
becomes  unavailable  in the future, the Company will seek to lease office space
from  an  unaffiliated  party  at  prevailing  competitive  rates.

ITEM  3.  LEGAL  PROCEEDINGS

None

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

None

PART  II

ITEM  5.  MARKET  FOR  COMMON  EQUITY  AND  RELATED  STOCKHOLDER  MATTERS

The  following table sets forth the range of high and low bid prices as reported
by the Over the Counter Bulletin Board ("OTCBB") for the periods indicated.  The
quotations  reflect  inter-dealer  prices  without  retail mark-up, mark-down or
commission,  and  may  not necessarily represent actual transactions. Currently,
the  stock  is  traded  on  the  OTCBB  under  the  symbol  "GOBM."

 FISCAL  2000                                   HIGH            LOW
                                            -----------     -----------
     Quarter  Ended  October  31,  1999     $     0.005     $     0.005
     Quarter  Ended  January  31,  2000           0.005           0.005
     Quarter  Ended  April  30,  2000             0.005           0.005
     Quarter  Ended  July  31,  2000              0.005           0.005


 FISCAL  2001                                   HIGH            LOW
                                            -----------     -----------
     Quarter  Ended  October  31,  2000     $     0.03     $     0.005
     Quarter  Ended  January  31,  2001           0.06           0.03
     Quarter  Ended  April  30,  2001             0.07           0.06
     Quarter  Ended  July  31,  2001              0.25           0.10

The  approximate  number  of  record holders of the Registrant's common stock at
October  3,  2001  is  937.

No  dividends  have  been  paid  or declared during the last five years; and the
Registrant  does  not  anticipate  paying  dividends  on its common stock in the
foreseeable  future.

ITEM  6.     MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OR  PLAN  OF  OPERATIONS

RESULTS  OF  OPERATIONS

The  Company  reported  a  net  loss of $20,904 for the year ended July 31, 2001
compared to a net loss of  $277 in the previous year.   The increase in net loss
from fiscal year 2000 to fiscal year 2001 was primarily due to increased general
and administrative expenses associated with the Company's audit of its financial
statements  and  the  preparation  and  filing  of Form 10-SB, "General Form for
Registration  of  Securities of Small Business Issuers" and the recognition of a
$8,970  gain  on  the  sale of mining properties during the year ending July 31,
2000  that  was  not  recognized  during  the  year  ending  July  31,  2001.


<PAGE>
During  the  year  ended  July  31,  2000,  the  Company  had  mineral  property
maintenance expenses of $2,300 which were not incurred during the fiscal year of
2001.  The  absence  of  mineral  maintenance expenses during the fiscal year of
2001  was  due to the Company's sale of all its mineral property holdings during
the  third  quarter  of  the  fiscal  year  2000.

During  the years ending July 31, 2000 and 2001 the Company generated no revenue
from  operations,  but  had interest income totaling $65 and $347, respectively.
The  increase in interest income for the year ended July 31, 2001 as compared to
the  year  ended  July  31,  2000 is directly related to an increase in interest
producing  cash  equivalents.
During  2000,  the  Company had interest expense of $446 relating to an interest
bearing  shareholder  debt  that  was  outstanding  during  fiscal year 2000; no
shareholder  debt  or  corresponding interest expense existed during fiscal year
2001.

FINANCIAL  CONDITION  AND  LIQUIDITY

As  described  by  the Company's independent auditors in Note 1 to the Company's
financial  statements  there is substantial doubt as to the Company's ability to
continue  as  a  going  concern.  In  order  to continue as a going concern, the
Company  is  dependent  upon  continued  availability  of  equity  financing and
successfully  implementing  its  plan  of  operations to locate and consummate a
merger  or  acquisition  with  a  private entity. While management is optimistic
about  prospects  for  the  Company,  there  can be no assurance that we will be
successful  in  our  plans.

During  the  year  ended  July  31,  2001,  the  Company used $15,407 of cash in
operating  activities  and  generated  $16,000  of  cash  through  sales  of its
unregistered  common  stock.

ITEM  7.     FINANCIAL  STATEMENTS

The  financial  statements of the registrant are included herein on pages F1-F11

ITEM  8.     CHANGES  IN  AND  DISAGREEMENTS  WITH ACCOUNTANTS ON ACCOUNTING AND
FINANCIAL  DISCLOSURE

None.

PART  III

ITEM  9.     DIRECTORS,  EXECUTIVE  OFFICERS,  PROMOTERS  AND  CONTROL  PERSONS,
COMPLIANCE  WITH
                    SECTION  16(A)  OF  THE  EXCHANGE  ACT

Identification  of  Directors  and  Executive  Officers  are  as  follows:

                                         AFFILIATION             EXPIRATION
          NAME            AGE          WITH REGISTRANT            OF TERM
------------------------  ---  -----------------------------  ---------------
W.  Sherwin  Broadhead     71  President,  Director           Annual meeting
Michael  McLaughlin        68  Vice President, Director       Annual meeting
Robert  O'Brien            66  Secretary/Treasurer, Director  Annual meeting








<PAGE>
BUSINESS  EXPERIENCE  OF  DIRECTORS  AND  EXECUTIVE  OFFICERS

W.  Sherwin Broadhead- Mr. Broadhead has been a Director of the Company for more
than 14 years.  He has served as President and Vice-President of the Company for
the  last  10  years.  Most recently he has held the position of President since
May 2000.  Mr. Broadhead graduated from the University of Idaho with a degree in
Political  Science  and from George Washington University with a Juris Doctorate
degree.  From  1981 to 1996, Mr. Broadhead owned and operated a grocery store in
Reardan,  Washington.  Since  1996,  Mr. Broadhead has been semi-retired and has
been  self-employed  in  property  management.

Michael  McLaughlin- Mr. McLaughlin has served as  Director of the Company since
May  2000  and  as  the  Vice-President  of  the  Company  since June 2000.  Mr.
McLaughlin  has been retired from full-time employment since 1992, at which time
he  sold  financing  for  IBM  Credit Corp.  Since 1980, Mr. McLaughlin has been
employed part-time by the Washington State Horse Racing Commission as an auditor
for  satellite   racing  facilities.  Mr.   McLaughlin   currently   serves   as
Vice-President  and  a  Director  of  Quad  Metals  Corporation.


Robert  O'Brien  -  Mr.  O'Brien  has  served as a Director and Treasurer of the
Company  since  May  2000  and as Secretary of the Company since June 2000.  Mr.
O'Brien  graduated from Gonzaga University with a BA Degree in Economics.  Since
July  1996, Mr. O'Brien has been the sole owner and manager of Spokane Quotation
Bureau,  LLC,  a  company  which publishes stock quotations for companies traded
over-the-counter.  From  1985  to  October  1995, Mr. O'Brien was a Director and
Secretary/Treasurer  of  Inland  Gold  and Silver, now Inland Resources, Inc., a
public  company  traded  on  the  NASDAQ supervised Bulletin Board.  Mr. O'Brien
currently  serves  as  President  and  a  Director  of  Quad Metals Corporation.

SECTION  16(A)  BENEFICIAL  OWNERSHIP  REPORTING  COMPLIANCE

Section 16(a) of the Securities Exchange Act of 1934 requires that the Company's
executive officers and holders of 10% or more of the Company's common stock file
reports  of  ownership and changes in ownership with the Securities and Exchange
Commission.  Officers,  directors  and stockholders holding more than 10% of the
Company's  common  stock  are  required by the regulation to provide the Company
with  copies  of  all  Section  16(a)  forms  they  have  filed.

Form 3's were timely filed by Mr. Broadhead, Mr. O'Brien, Mr. McLaughlin and Ms.
Dunne.  Mr.  Broadhead  is  delinquent in filing Form 4 upon the sale of Section
144  common  stock  and  Form  5  with  respect  to  the  2001  fiscal  year.

ITEM  10.  EXECUTIVE  COMPENSATION

No  officer  or  executive  of  the  registrant  was awarded, paid or earned any
compensation that is required to be disclosed pursuant to Item 402 of Regulation
S-B

ITEM  11.  SECURITY  OWNERSHIP  OF  CERTAIN  BENEFICIAL  OWNERS  AND  MANAGEMENT

A  person  who  directly  or indirectly has shares or voting power or investment
power  with  respect  to  a  security  is  considered  a beneficial owner of the
security.  Voting  power is the power to vote or direct the voting of shares and
investment power is the power to dispose of or direct the disposition of shares.
Shares  as  to  which voting power or investment power may be acquired within 60
days  are  also  considered  as  beneficially  owned.





<PAGE>
The  following  tables  set  forth  certain  information, as of October 3, 2001,
regarding  beneficial  ownership  of Gold Bond's stock by (1) each person who is
known to the Company to own beneficially more than 5% of any class of its voting
stock, and (2) (a) each director and each nominee for the election as a director
(b)  each executive officer, and (c) all current directors and current executive
officers  of the Company as a group.  The information on beneficial ownership in
the  table and the footnotes thereto is based upon the Company's records. Unless
otherwise  indicated,  to the Registrant's knowledge each person has sole voting
power  and  sole  investment  power  with  respect  to  the  shares  shown.

SECURITY  OWNERSHIP  OF  CERTAIN  BENEFICIAL  OWNERS

As  of  the  close of business on October 3, 2001, persons own beneficially more
than  5%  of  any  class  of  the  outstanding  voting  securities:

                   NAME  AND  ADDRESS  OF       AMOUNT AND NATURE OF  PERCENT OF
TITLE OF CLASS        BENEFICIAL  OWNER         BENEFICIA  OWNERSHIP  CLASS(1)
--------------  ------------------------------  --------------------  ----------

Common stock    Robert  O'Brien                          1,795,585       19.6%
                1511  S.  Riegel  Ct.
                Spokane,  WA  99212

Common stock    W.  Sherwin  Broadhead                     510,000        5.6%
                12210  N.  Carsten  Road
                Reardan,  WA  99029

Common stock    John  Coghlan                              800,000        8.7%
                5102  S.  Morrill  Lane
                Spokane,  WA  99223

Common stock    Carol  Dunne                             1,400,000       15.3%
                5105  S.  Sunward  Dr.
                Spokane,  WA  99223

SECURITY  OWNERSHIP  OF  MANAGEMENT  AS  OF  OCTOBER  3,  2001

                   NAME  AND  ADDRESS  OF       AMOUNT AND NATURE OF  PERCENT OF
TITLE OF CLASS        BENEFICIAL  OWNER         BENEFICIAL OWNERSHIP  CLASS(1)
--------------  ------------------------------  --------------------  ----------
Common  stock     W.  Sherwin  Broadhead              510,000            5.6%
Common  stock     Michael  McLaughlin                 170,500            1.9%
Common  stock     Robert  O'Brien                   1,795,585           19.6%
Common  stock     All Directors and executive
                  officers  as  a  group            2,476,085           27.1%

(1)     Percent  of  ownership  is  based  upon 9,169,999 shares of common stock
        outstanding  at  October  3,  2001.

ITEM  12.  CERTAIN  RELATIONSHIPS  AND  RELATED  TRANSACTIONS

In  addition  to  the related transactions described in the preceding section of
this  document,  see  Note  6  to  the  financial  statements  on  page  F-11.

ITEM  13.  EXHIBITS  AND  REPORTS  ON  FORM  8-K

None





<PAGE>



                                   SIGNATURES

Pursuant to the requirements of  Section 13 or 15(b) 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.


                            GOLD BOND RESOURCES, INC.
                                  (Registrant)


By:/s/ Sherwin Broadhead                                Date: October 29, 2001
   -------------------------------------------
   Sherwin Broadhead, President and a Director



Pursuant to the requirements of the Securities Exchange Act of 1934, this report
has been signed below by the following  persons on behalf of  the Registrant and
in the capacities and on the dates indicated.


By:/s/ Robert W. O'Brien                               Date: October 29, 2001
   --------------------------------------------
   Robert W. O'Brien, Secretary/Treasurer and a Director


By:/s/ Michael McLaughlin                              Date: October 29, 2001
   --------------------------------------------
   Michael McLaughlin, Vice President, and a Director3





























<PAGE>
GOLD BOND
RESOURCES, INC.

FOR THE YEARS ENDED
JULY 31, 2001 AND 2000

FINANCIAL STATEMENTS

REPORT  OF  INDEPENDENT  CERTIFIED  PUBLIC  ACCOUNTANTS

Board  of  Directors
Gold  Bond  Resources,  Inc.
Spokane,  Washington


We  have audited the accompanying balance sheets of Gold Bond Resources, Inc. as
of  July  31,  2001  and  2000,  and   the  related  statements  of  operations,
stockholders' equity,  and cash  flows for the years then ended. These financial
statements   are  the   responsibility   of  the   Company's   management.   Our
responsibility  is  to express an opinion on these financial statements based on
our  audits.

We  conducted  our  audits  in  accordance  with  generally   accepted  auditing
standards.  Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material
misstatement.  An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements.  An audit also includes
assessing  the  accounting  principles  used  and  significant estimates made by
management,  as well as evaluating the overall financial statement presentation.
We  believe  that  our  audit  provides  a  reasonable  basis  for  our opinion.

In  our  opinion,  the financial statements referred to above present fairly, in
all material respects, the financial position of Gold Bond Resources, Inc. as of
July 31, 2001 and 2000, and the results of its operations and its cash flows for
the  years  then  ended  in  conformity   with  generally   accepted  accounting
principles.

The  accompanying  financial  statements  have  been  prepared assuming that the
Company  will  continue  as  a  going  concern.  As  discussed  in Note 1 to the
financial  statements,  the  Company's  operating losses raise substantial doubt
about  its  ability to continue as a going concern.  The financial statements do
not  include  any  adjustments  that  might  result  from  the  outcome  of this
uncertainty.

DeCoria,  Maichel  &  Teague  P.S.

/s/  DeCoria,  Maichel  &  Teague  P.S.

Spokane,  Washington
September  13,  2001















                                TABLE OF CONTENTS


                                                                            Page

Balance  Sheets,  July  31,  2001  and  2000                                 F-4

Statements  of  Operations  for  the  years ended July 31, 2001 and 2000     F-5

Statements  of  Cash  Flows  for  the years ended July 31, 2001 and 2000     F-6

Statements  of  Changes  in  Stockholders'  Equity
for  the  years  ended  July  31,  2001  and  2000                           F-7

Notes  to  Financial  Statements                                          F8-F11













































<PAGE>
GOLD  BOND  RESOURCES,  INC.
BALANCE  SHEETS
July  31,  2001  and  2000




                                                      2001            2000
                                                 --------------  --------------
                                     ASSETS

Current  assets:
     Cash                                        $       8,732   $       8,139
     Prepaid  legal  expenses                              -             5,000
                                                 --------------  --------------
               Total  current  assets                    8,732          13,139
                                                 --------------  --------------
               Total  assets                     $       8,732   $      13,139
                                                 ==============  ==============


                      LIABILITIES AND STOCKHOLDERS' EQUITY

Current  liabilities:
     Accounts  payable                           $         497            -
     Accrued  interest  payable                            -              -
                                                 --------------  --------------
               Total  current  liabilities                 497            -
                                                 --------------  --------------

Stockholders'  equity:
     Common stock, $0.001 par value;
     100,000,000 shares authorized; 9,169,999
     and 5,969,999 shares issued and outstanding
     at July 31, 2001 and 2000, respectively,            9,170           5,970
     Additional  paid-in  capital                      186,702         173,902
     Accumulated  deficit                             (187,637)       (166,733)
                                                 --------------  --------------
               Total  stockholders'  equity              8,235          13,139
                                                 --------------  --------------
Total  liabilities and stockholders' equity      $       8,732   $      13,139
                                                 ==============  ==============


















   The accompanying notes are an integral part of these financial statements.
                                       F-5
<PAGE>
GOLD  BOND  RESOURCES,  INC.
STATEMENTS  OF  OPERATIONS
For  the  years  ended  July  31,  2001  and  2000





                                                      2001            2000
                                                 --------------  --------------

OPERATING  EXPENSES:
     Mineral  property  maintenance  expenses    $         -             2,300
     General  and  administrative  expenses             21,251           6,566
                                                 --------------  --------------
                                                        21,251           8,866
                                                 --------------  --------------

OTHER  (EXPENSES)  INCOME:
     Interest  income                                     347               65
     Interest  expense                                    -               (446)
     Gain  on  sale  of  mineral  properties              -              8,970
                                                 --------------  --------------
                                                          347            8,589
                                                 --------------  --------------

NET  LOSS                                        $    (20,904)   $        (277)
                                                 ==============  ==============

Net  loss  per  share-basic                      $        Nil    $        Nil
                                                 ==============  ==============

Weighted  average  common
shares  outstanding-basic                            8,459,314       4,770,391
                                                 ==============  ==============

























   The accompanying notes are an integral part of these financial statements.
                                       F-6
<PAGE>
GOLD  BOND  RESOURCES,  INC.
STATEMENTS  OF  CASH  FLOWS
For  the  years  ended  July  31,  2001  and  2000



                                                      2001            2000
                                                 --------------  --------------

Cash  flows  from  operating  activities:
     Net  loss                                   $     (20,904)  $        (277)
     Adjustments to reconcile net loss to net
       cash used by operating activities:
         Common  stock  issued  to  directors
           as  compensation                                -             1,875
         Gain on sale of mineral properties                -            (8,970)
     Change  in:
       Prepaid  legal expenses                           5,000          (5,000)
       Accounts  payable                                   497            (600)
       Accrued  officer  compensation                      -            (4,000)
       Accrued  interest  payable                          -            (1,046)
                                                 --------------  --------------
Net cash used by operating activities                  (15,407)        (18,018)

Cash  flows  from  investing  activities:
     Proceeds  from  sale  of  mineral  properties         -            21,470
                                                 --------------  --------------
Net cash  provided  by investing activities                -            21,470
                                                 --------------  --------------

Cash  flows  from  financing  activities:
     Advances  from  stockholders                          -             2,300
     Payments of advances from stockholders                -            (9,100)
     Sales  of  common  stock  for  cash                16,000          11,306
                                                 --------------  --------------
Net  cash  provided  by  financing  activities          16,000           4,506
                                                 --------------  --------------

Net  change  in  cash                                      593           7,958
Cash,  beginning  of  year                               8,139             181
                                                 --------------  --------------
Cash,  end  of  year                             $       8,732   $       8,139
                                                 ==============  ==============

Supplemental disclosure of cash flow information:

     Cash paid during the year for interest      $           0   $       1,492
                                                 ==============  ==============












   The accompanying notes are an integral part of these financial statements.
                                       F-7
<PAGE>
GOLD  BOND  RESOURCES,  INC.
STATEMENTS  OF  CHANGES  IN  STOCKHOLDERS'  EQUITY
For  the  years  ended  July  31,  2001  and  2000



<TABLE>
                           COMMON STOCK          ADDITIONAL
                     --------------------------     PAID-IN    ACCUMULATED
                        SHARES        AMOUNT        CAPITAL      DEFICIT        TOTALS
                     ------------  ------------  ------------  ------------  ------------
<S>                  <C>           <C>           <C>           <C>           <C>
BALANCE,
 JULY 31, 1999         3,333,829   $   166,692           -     $  (166,456)  $       236

Change in par value
  of common stock                     (163,358)  $   163,358

Common stock issued
  to directors as
  compensation
  ($0.005 per share)     375,000          375          1,500           -          1,875

Common stock issued
  for  cash
  ($0.005 per share)   2,261,170        2,261          9,044           -         11,305

Net  loss                    -            -              -            (277)        (277)
                     ------------  ------------  ------------  ------------  ------------
BALANCE,
  JULY  31, 2000       5,969,999         5,970       173,902      (166,733)       13,139
                     ------------  ------------  ------------  ------------  ------------

Common stock issued
  for  cash
  ($0.005 per share)   3,200,000         3,200        12,800           -          16,000

Net  loss                    -             -             -         (20,904)      (20,904)
                     ------------  ------------  ------------  ------------  ------------
BALANCE,
  JULY 31, 2001        9,169,999   $     9,170   $   186,702   $  (187,637)  $     8,235
                     ============  ============  ============  ============  ============
</TABLE>

















   The accompanying notes are an integral part of these financial statements.
                                       F-8
<PAGE>
GOLD  BOND  RESOURCES,  INC.
NOTES  TO  FINANCIAL  STATEMENTS

1.     DESCRIPTION  OF  BUSINESS

Gold  Bond  Resources,  Inc.  ("Gold  Bond"  or  the  "Company") is a Washington
Corporation  formed  in  1934  as  Gold  Bond  Mining  Company.  The Company was
organized  to acquire and develop mineral properties in Washington State and the
Inland  Northwest.

During  fiscal  year  2000  the  Company  made  a strategic decision to sell its
mineral  properties, change its name, and reorganize its capital structure in an
effort  to  favorably  position  itself   to  seek   other  profitable  business
opportunities.

The  Company  has  no  recurring  source  of revenue, an accumulated deficit and
operating  losses.  While  management  hopes  to  fund  the Company's operations
through  sales  of its common stock, these conditions raise substantial doubt as
to  the  Company's  ability  to  continue  as  a  going  concern.  The financial
statements  do  not  contain  any  adjustments, which might be necessary, if the
Company  is  unable  to  continue  as  a  going  concern.

Unless  otherwise  indicated,  amounts  provided in these notes to the financial
statements  pertain  to  continuing  operations.

2.     SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES

Use  of  Estimates

The  preparation  of  the  financial  statements  in  conformity  with generally
accepted  accounting  principles  requires  management  to  make  estimates  and
assumptions  that  affect  the  amounts reported in the financial statements and
accompanying  notes.  Actual  results  could  differ  from  those  estimates.

Income  Taxes

Income taxes are recognized in accordance with Statement of Financial Accounting
Standards  No.  109,  "Accounting for Income Taxes," whereby deferred income tax
liabilities  or  assets  at  the end of each period are determined using the tax
rate  expected  to be in effect when the taxes are actually paid or recovered. A
valuation  allowance is recognized on deferred tax assets when it is more likely
than  not  that  some  or all of these deferred tax assets will not be realized.

Stock-Based  Compensation

Stock-based  compensation  cost  is  accounted  for under Statement of Financial
Accounting  Standards No. 123,  "Accounting for Stock-Based Compensation," which
permits  continued  application  of  the  intrinsic  value  method of Accounting
Principles  Board  Opinion  No.  25, "Accounting for Stock Issued to Employees."
Under the intrinsic value method, compensation cost represents the fair value of
the  Company's  common  stock  at  the  issue  date.

Loss  Per  Share

Basic  loss  per  share  is determined in accordance with Statement of Financial
Accounting  Standards  No. 128, "Earnings Per Share." Net loss per share amounts
are  based  on  the  weighted  average number of common stock shares outstanding
during  each  period.




<PAGE>
GOLD  BOND  RESOURCES,  INC.
NOTES  TO  FINANCIAL  STATEMENTS

2.     SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES,  CONTINUED:

New  Accounting  Pronouncements

In  June  1998,  the  Financial  Accounting  Standards Board issued Statement of
Financial  Accounting  Standards No. 133, "Accounting for Derivative Instruments
and  Hedging  Activities."  The  Statement requires the Company to recognize all
derivatives on the balance sheet at fair value. The Company anticipates that the
adoption  of  this  statement  will  not have a material affect on its financial
statements.  In  June  2001,  the  Financial  Accounting  Standards Board issued
Statement  of  Financial  Accounting Standards No. 141, "Business Combinations,"
and  No.  142,  "Goodwill  and  Other  Intangible  Assets,"   collectively,  the
Statements.  These  Statements  drastically  change  the accounting for business
combinations,  goodwill  and  intangible  assets.  Statement  141 eliminates the
pooling-of-interests  method  of accounting for business combinations except for
qualifying  business  combinations  that  were  initiated prior to July 1, 2001.
Statement  141  also  changes  the criteria to recognize intangible assets apart
from  goodwill.  Under  Statement  142, goodwill and indefinite lived intangible
assets are no longer amortized but are reviewed annually for impairment, or more
frequently if impairment indicators arise. Separable intangible assets that have
finite  lives  will  continue  to  be  amortized  over  their  useful lives. The
amortization provisions of Statement 142 apply to goodwill and intangible assets
acquired  after  June  30, 2001.  With respect to goodwill and intangible assets
acquired prior to July 1, 2001, the amortization provisions of Statement 142 are
affective upon adoption of Statement 142.  Pre-existing goodwill and intangibles
will  be  amortized  during the transition period until adoption.  Companies are
required  to  adopt  Statement 142 in their fiscal year beginning after December
15,  2001.  The  Company  anticipates that the adoption of these Statements will
not  have  a  material  affect  on  its  financial  statements.

Fair  Value  of  Financial  Instruments

The  carrying amounts of financial instruments including cash, accounts payable,
and advances payable to stockholders approximated fair value as of July 31, 2001
and  2000.

3.     MINERAL  PROPERTIES

In  1935  and  1936, the Company acquired various patented and unpatented mining
claims  in  or near the Blewitt Mining District of Chelan County, Washington, in
exchange  for shares of its common stock and cash.  The claims were acquired for
the  eventual  development  of  a  gold  mining  operation on some or all of the
properties.  In  2000,  the  Company's  management  determined  that  the future
possibilities for mine development on the properties were remote, and decided to
sell  the  properties,  allowing  it  to  retire  its  financial obligations and
generate  working  capital  to  locate  other  business  opportunities.

In fiscal year 2000, the Company successfully negotiated the sale of its mineral
properties  for  cash  of  $21,470,  recognizing  a  gain on the sale of $8,970.










<PAGE>
GOLD  BOND  RESOURCES,  INC.
NOTES  TO  FINANCIAL  STATEMENTS

4.     STOCKHOLDERS'  EQUITY

In  prior  years,  the Company's common stock traded on a local over-the-counter
stock  exchange.  When the Company's operations substantially ceased, trading in
the  Company's  stock  became  minimal.  During recent periods, however, trading
activity  has  resumed  and  the  stock  is currently traded on the OTC Bulletin
Board.  Prior  to  fiscal  year  2000,  records of historical common stock sales
separating the par value of common stock sold from additional paid-in capital do
not  exist  and, accordingly, any additional paid-in capital from those sales is
combined  with  the Company's accumulated deficit with no net material effect on
the  financial  statements.

In  May  2000,  at a special meeting of stockholders, the Company's stockholders
resolved  by majority vote to increase the authorized number of shares of common
stock available for issue from 4,500,000 to 100,000,000, and to decrease the par
value  of  the  Company's common stock from $0.05 per share to $0.001 per share.

During  fiscal  year  2000,  the  Board  of Directors issued certain current and
former  directors  a  total  of 375,000 shares of the Company's common stock for
services  provided  in  prior  years.  In connection with the issue, the Company
recognized  compensation  expense of $1,875, approximating the fair value of the
shares  at  the  time  of  issue.

During  fiscal  year 2000, the Company sold 2,261,170 shares of its common stock
for  $0.005  per  share,  or  $11,305. Of the shares of common stock sold during
fiscal  year  2000,  795,585  shares  were  sold  to  officers  of  the Company.

During  fiscal  year 2001, the Company sold 3,200,000 shares of its common stock
for  $0.005  per  share,  or  $16,000. Of the shares of common stock sold during
fiscal  year  2001,  1,400,000  shares  were  sold to an officer of the Company.

5.     INCOME  TAXES

At  July 31, 2001 and 2000, the Company had deferred tax assets of approximately
$14,700  and  $10,200,  respectively,  arising  principally  from income tax net
operating  loss  carryforwards.  As  management  cannot  determine if it is more
likely  than  not  that  the  Company  will receive the benefit of the assets, a
valuation allowance equal to the deferred tax asset has been established at both
July  31,  2001  and  2000.

At  July  31,  2001  and  2000, the Company had net operating loss carryforwards
totaling  approximately  $43,000  and $30,000, respectively, which expire in the
years  2004  through  2021.

6.     RELATED  PARTY  TRANSACTIONS

The  Company  has  been   furnished  with   certain   unreimbursed   management,
administrative,  accounting  and consulting services by various related parties,
which  are not reflected in the financial statements. In addition to the related
party transactions described in note 4. to the financial statements, the Company
paid  $600 and $900 in fiscal years 2001 and 2000, respectively, and had accrued
$497  as  of  July  31,  2001,  to  a company controlled by an officer for stock
quotation  and  related  services  provided  the  Company.