UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549FORM 10-Q

[X]
     Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2008OR[   ]
     Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934For the transition period from to


Commission file number 000-31289

SOUTH SHORE RESOURCES INC.(Exact name of registrant as specified in its charter)

NEVADA(State or other jurisdiction of incorporation or organization)Times Square, P.O. Box 663Leeward HighwayProvidenciales, Turks & Caicos IslandsBritish West Indies(Address of principal executive offices, including zip code.)

(416) 281-3335(telephone number, including area code)

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 last 90 days.YES [X] NO [   ]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of large accelerated filer, accelerated filer, non-accelerated filer, and smaller reporting company in Rule 12b-2 of the Exchange Act.

Large accelerated filer
     []
     Accelerated filer
     [   ]Non-accelerated filer
     []
     Smaller reporting company
     [X]


Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).YES [X] NO [   ]

State the number of shares outstanding of each of the issuers classes of common equity, as of the latest practicable date:31,300,l96 as of May 13, 2008.

****

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PART I  FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

SOUTH SHORE RESOURCES INC.(A DEVELOPMENT STAGE ENTERPRISE)CONSOLIDATED BALANCE SHEETSMar - 312008
     
     Dec-31(unaudited)
     
     2007ASSETSCURRENT ASSETSCash
     $
     7,034
     $
     7,078Total Current Assets
     
     7,034
     
     7,078OTHER ASSETSComputer equipment, net of accumulated depreciation
     $
     524
     
     1,024Total Other Assets
     
     524
     
     1,024TOTAL ASSETS
     
     7,558
     
     8,102LIABILITIES AND STOCKHOLDERS' DEFICITCURRENT LIABILITIESAccounts payable
     $
     13,590
     $
     3,674Accounts payable - related party
     
     69,635
     
     60,465Accrued interest
     
     5,367
     
     5,367Accrued salaries
     
     1,096,520
     
     1,009,020Convertible note payable
     
     38,000
     
     38,000Total Current Liabilities
     
     1,223,112
     
     1,116,526COMMITMENTS AND CONTINGENCIES
     
     2,400
     
     2,400STOCKHOLDERS' DEFICITCommon stock, 50,000,000 shares authorized, $ 0.001 par value:31,300,196 shares issued and outstanding
     
     31,300
     
     31,300Additional paid-in capital
     
     18,438,366
     
     18,438,366Accumulated deficit during development stage
     
     (19,687,620)
     
     (19,580,490)Total Stockholder's Equity (Deficit)
     
     (1,217,954)
     
     (1,110,824)TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT
     $
     7,558
     $
     8,102


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

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SOUTH SHORE RESOURCES INC.(A DEVELOPMENT STAGE ENTERPRISE)CONSOLIDATED STATEMENTS OF OPERATIONSPeriod fromMarch 30, 1990(Inception) toThree Months Ended March 31,
     
     March 31,2008
     
     2007
     
     2008(unaudited)
     
     (unaudited)
     
     (unaudited)REVENUES
     $
     -
     $
     -
     $
     1,551COST OF REVENUES
     
     -
     
     -
     
     -GROSS PROFIT
     
     -
     
     -
     
     1,551EXPENSESDepreciation and amortization
     
     499
     
     499
     
     574,329Consulting fees
     
     -
     
     6,921
     
     4,110,551Directors' fees
     
     -
     
     -
     
     1,252,600Officers' salaries
     
     87,500
     
     87,500
     
     2,555,126Salaries - sales and office
     
     -
     
     -
     
     76,625Filing fees
     
     125
     
     125
     
     16,442Marketing and public relations
     
     -
     
     -
     
     8,419,618Legal and professional fees
     
     10,141
     
     6,685
     
     367,054Travel and entertainment
     
     -
     
     40,099
     
     163,455Office and administration
     
     8,865
     
     10,839
     
     186,024Software and internet services
     
     -
     
     -
     
     259,250Trade show expenses
     
     -
     
     -
     
     37,492Trivia bingo development
     
     -
     
     -
     
     22,274Pilot development
     
     -
     
     -
     
     118,813Loss on impairment of software
     
     -
     
     -
     
     1,275,000TOTAL OPERATING EXPENSES
     
     107,130
     
     152,668
     
     19,434,653LOSS FROM OPERATIONS
     
     (107,130)
     
     (152,668)
     
     (19,433,102)OTHER INCOME (EXPENSES)Other income
     
     -
     
     -
     
     10,000Gain on forgiveness of debt
     
     -
     
     -
     
     28,761Other income ( debts written back )
     
     -
     
     -
     
     11,256Impairment - Goodwill
     
     -
     
     -
     
     (6,924)Impairment - Development costs
     
     -
     
     -
     
     (25,286)Financing expense
     
     -
     
     -
     
     (56,938)Interest expense
     
     -
     
     -
     
     (215,387)TOTAL OTHER INCOME EXPENSES)
     
     (107,130)
     
     (152,668)
     
     (254,518)LOSS BEFORE INCOME TAXES
     
     (107,130)
     
     (152,668)
     
     (19,687,620)INCOME TAXES
     
     -
     
     -
     
     -NET LOSS
     
     (107,130)
     $
     (152,668)
     
     (19,687,620)NET LOSS PER COMMON SHARE,BASIC AND DILUTED
     $
     0.00
     $
     (0.01)WEIGHTED AVERAGE NUMBER OFCOMMON STOCK SHARES OUTSTANDING,BASIC AND DILUTED
     
     31,300,196
     
     31,300,196


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

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SOUTH SHORE RESOURCES INC.(A DEVELOPMENT STAGE ENTERPRISE)CONSOLIDATED STATEMENTS OF CASH FLOWSPeriod fromMarch 30, 1990(Inception) toThree Months Ended March 31,
     
     March 31,2008
     
     2007
     
     2008(unaudited)
     
     (unaudited)
     
     (unaudited)CASH FLOWS FROM OPERATING ACTIVITIES:Net loss
     $
     (107,130)
     $
     (152,668)
     $
     (19,687,620)Adjustments to reconcile net lossto net cash used by operating activitiesDepreciation and amortization
     
     499
     
     499
     
     574,327Financing fees paid by issuance of common stock
     
     -
     
     
     
     56,939Loss on impairment of software
     
     -
     
     -
     
     1,275,000Services paid by issuance of common stock
     
     -
     
     
     
     13,617,467Services paid by issuance of common stock options
     
     -
     
     -
     
     56,600Liabilities paid by issuance of common stock
     
     -
     
     
     
     1,451,158Increase (decrease) in:Impairment-Goodwill
     
     -
     
     -
     
     6,924Impairment-Development costs
     
     -
     
     -
     
     25,286Accrued interest
     
     -
     
     -
     
     5,367Accounts payable
     
     9,916
     
     1,759
     
     13,590Accounts payable, related party
     
     9,171
     
     -
     
     69,048Notes payable, related party
     
     -
     
     -
     
     (187,989)Refund payable
     
     -
     
     -
     
     2,400Accrued salaries
     
     87,500
     
     78,840
     
     1,096,521Net cash used in operating activities
     
     (44)
     
     (71,570)
     
     (1,624,982)CASH FLOWS FROM INVESTING ACTIVITIES:Developmental charges
     
     -
     
     -
     
     (25,286)Purchase of software and equipment
     
     -
     
     -
     
     (211,852)Net cash used in investing activities
     
     -
     
     -
     
     (237,138)CASH FLOWS FROM FINANCING ACTIVITIES:Cash received in acquisition
     
     -
     
     -
     
     564Payment of notes payable
     
     -
     
     -
     
     (200,000)Proceeds from notes payable - related party
     
     -
     
     -
     
     1,002,355Proceeds from notes payable - convertible
     
     -
     
     -
     
     69,985Issuance of stock for cash
     
     -
     
     -
     
     996,250Net cash provided by financing activities
     
     -
     
     -
     
     1,869,154Net increase (decrease) in cash
     
     (44)
     
     (71,570)
     
     7,034Cash, beginning of period
     
     7,078
     
     194,890
     
     -Cash, end of period
     $
     7,034$
     
     123,320$
     
     7,034SUPPLEMENTAL CASH FLOW DISCLOSURES:Cash paid for interest and income taxes:Interest expense
     $
     -
     $
     -
     $
     -Income taxes
     $
     -
     $
     -
     $
     -NON-CASH INVESTING AND FINANCING ACTIVITIES:Stock issued for services
     $
     -
     $
     -
     $
     13,450,800Stock issued for debt and accrued interest
     $
     -
     $
     -
     $
     2,097,510Stock issued for computer software
     $
     -
     $
     -
     $
     1,500,000Stock issued for acquisition of asset
     $
     -
     $
     -
     $
     138,000Stock issued for services
     $
     -
     $
     -
     $
     56,600Stock issued for acquisition
     $
     -
     $
     -
     $
     6,900


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

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SOUTH SHORE RESOURCES INC.(A DEVELOPMENT STAGE ENTERPRISE)CONSOLIDATED NOTES TO THE FINANCIAL STATEMENTS 
MARCH 31, 2008 
(UNAUDITED)NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS

South Shore Resources Inc. formerly FirstBingo.com, (hereinafter "the Company"), was incorporated in March 1990 under the laws of the State of Nevada (as Vista Medical Terrace Inc.) for any lawful business. The name change to FirstBingo.com was effective on May 25, 1999 to reflect the Company's change in primary focus to the offering of interactive online internet entertainment and game playing. The Company's operations are located in the Turks & Caicos. As part of the acquisition of software in 1999, the Company acquired a non-operating wholly owned subsidiary, Lucky Port Limited, a British Virgin Islands corporation. See Note 4.

During the year ended December 31, 2004, the Company acquired WorldWide-Exclusive LTD., a privately held Canadian corporation through the issuance of 12,000 shares of the Companys common stock with a fair market value of $6,900.

On November 1, 2006 the Company changed its name to South Shore Resources Inc. to reflect a change in the primary focus from interactive online internet entertainment and game playing to oil and gas refining technology.

The Company is in the development stage and as of March 31, 2008 had not realized any significant revenues from its planned operations. The Company's year-end is December 31.

BASIS OF PRESENTATION

These unaudited interim consolidated financial statements of the Company and its subsidiaries have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (SEC). Such rules and regulations allow the omission of certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States of America, so long as such omissions do not render the financial statements misleading. Certain prior period amounts have been reclassified to conform to the current period presentation.

In the opinion of management, these financial statements reflect all adjustments that are necessary for a fair statement of the results for the periods presented. All adjustments were of a normal recurring nature. These interim statements should be read in conjunction with the annual financial statements of the Company included in its FYE 2007 Annual Report on Form 10-K.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The following are summarized accounting policies considered to be significant by the Companys management

Accounting MethodThe Company uses the accrual method of accounting in accordance with accounting principles generally accepted in the United States of America.

Cash and Cash EquivalentsFor purposes of its statement of cash flows, the Company considers all short-term debt securities purchased with a maturity of three months or less to be cash equivalents.

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SOUTH SHORE RESOURCES INC.(A DEVELOPMENT STAGE ENTERPRISE)CONSOLIDATED NOTES TO THE FINANCIAL STATEMENTS 
MARCH 31, 2008 
(UNAUDITED)

Development Stage ActivitiesThe Company has been in the development stage since its formation on March 30, 1990. It was primarily engaged in internet entertainment and the business of gaming. During 2001, the Company received an initial payment on its licensing agreement, and in 2005 the Company initiated its pay to play option on its internet game site (in order to qualify people for the pilot game shows produced in 2005). The Company changed its primary focus during November 2006 from internet entertainment to oil and gas refining technology. Neither activity to date has been sufficient for recognition as an operating company. (See Note 7.)

Fair Value of Financial InstrumentsThe Company's financial instruments as defined by Statement of Financial Accounting Standards No. 107, "Disclosures about Fair Value of Financial Instruments," include cash, and short-term borrowings. All instruments are accounted for on a historical cost basis, which, due to the short maturity of these financial instruments, approximates fair value at March 31, 2008 and 2007.

Going ConcernThe accompanying financial statements have been prepared assuming that the Company will continue as a going concern.

As shown in the accompanying financial statements, the Company incurred a net loss of $107,130 for the quarter ended March 31, 2008. The Company has limited resources and negative working capital. The future of the Company is dependent upon future profitable operations. For the twelve-month period subsequent to March 31, 2008, the Company anticipates that its minimum cash requirements to continue as a going concern will be approximately $600,000. The anticipated source of funds is the issuance for cash of additional equity instruments. The financial statements do not include any recoverability and classification of recorded assets, or the amounts and classification of liabilities that might be necessary in the event the Company cannot continue in existence. Management has established plans to seek additional capital from new equity securities issuances that will provide funds needed to increase liquidity, fund internal growth and fully implement its business plan.

Impaired Asset PolicyIn October 2001, the Financial Accounting Standards Board issued Statement of Financial Accounting Standards No. 144, "Accounting for the Impairment or Disposal of Long-Lived Assets" (hereinafter "SFAS No. 144"). SFAS No. 144 replaces Statement of Financial Accounting Standards No. 121, "Accounting for the Impairment of Long-Lived Assets and for Long-Lived Assets to Be Disposed Of." This standard establishes a single accounting model for long-lived assets to be disposed of by sale, including discontinued operations. SFAS No. 144 requires that these long-lived assets be measured at the lower of carrying amount or fair value less cost to sell, whether reported in continuing operations or discontinued operations. This statement is effective beginning for fiscal years after December 15, 2001, with earlier application encouraged. During the year ended December 31, 2002, the Company determined that its software was impaired and accordingly recognized an impairment loss.

In the year ended December 31, 2007 the Company determined the Goodwill of World-Wide Exclusive Ltd. was totally impaired. See Note 3.

Antecedent to March 31, 2008 it was determined that there was no compelling evidence that the asset the Company had on the books as Development Costs retained any further value. This was due to the expiration of The Technology Option Agreement and all Extensions with Mempore. As the capitalized Development Costs of $ 25,286 held no future value, they were subsequently charged to Other Losses at December 31, 2007.

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SOUTH SHORE RESOURCES INC.(A DEVELOPMENT STAGE ENTERPRISE)CONSOLIDATED NOTES TO THE FINANCIAL STATEMENTS 
MARCH 31, 2008 
(UNAUDITED)

Principles of ConsolidationThe accompanying financial statements include the accounts of the Company and its subsidiaries, Lucky Port Limited and WorldWide-Exclusive Limited. Lucky Port Limited and WorldWide-Exclusive Limited are non-operating subsidiaries. All significant inter-company transactions and balances have been eliminated in consolidation.

Use of EstimatesThe process of preparing financial statements in conformity with accounting principles generally accepted in the United States of America requires the use of estimates and assumptions regarding certain types of assets, liabilities, revenues, and expenses. Such estimates primarily relate to unsettled transactions and events as of the date of the financial statements. Accordingly, upon settlement, actual results may differ from estimated amounts.

NOTE 3 - INTANGIBLE ASSETS

Intangible AssetsIn September 2001, the Financial Accounting Standards Board issued Statement of Financial Accounting Standard No. 142, "Goodwill and Other Intangible Assets" (hereinafter "SFAS No. 142"). SFAS No. 142 prohibits the amortization of goodwill and other intangible assets with indefinite lives and requires periodic reassessment of the underlying value of such assets for impairment. SFAS No. 142 is effective for fiscal years beginning after December 15, 2001. On December 30, 2004, the Company adopted SFAS No. 142. Application of the nonamortization provision of SFAS No. 142 is expected to result in no change to the Company's results of operations even though the Company acquired new nonamortizable intangible assets in the year ended December 31, 2004.

In past years, the Company capitalized $205,841, which is the contractual cost of the website and software license purchased from an independent supplier, and $1,500,000, which is the value of software acquired in exchange for stock. No portion of this software-acquired during the year ended December 31, 2000 was internally developed and, accordingly, there were no internal costs associated with this software which were charged to research and development. Consistent with SOP 98-1, the costs of the website and related software license-which was purchased solely for internal use and will not be marketed externally-have been capitalized and are being amortized over the estimated useful life of five years.

During the year ended December 31, 2002, the Company determined that the majority of its software was substantially impaired due to the fact that it would no longer be used in any aspect of the Company's operations. The impairment was charged to operations, resulting in a loss on impaired assets of $1,275,000.

During the year ended December 31, 2003, the Company issued 2,400,000 shares of common stock to a related party to purchase software technology that is integral to the operations of the Company. The software and patents were originally purchased by the related party for 600,000 shares of stock in FirstBingo.com (the predecessor of South Shore Resources Inc.) that it had acquired in 2000 as payment for services. These shares ultimately became a total of 9,600,000 shares with a final adjusted price of $0.0025 per share for a total cost of $138,000. SAB No. 48 interprets that the historical cost of the common stock will be the cost of the non-monetary assets acquired by the Company. Accordingly, the aforementioned value of the stock issued to the related party is considered FirstBingo.com's basis in the software, was amortized over its estimated useful life of three years.

During the year ended December 31, 2007, the Company determined that World-Wide Exclusive Ltd. was totally impaired due to the fact that it would no longer be used in any aspect of the Company's operations. This was charged as a Goodwill Impairment of $6,924.

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SOUTH SHORE RESOURCES INC.(A DEVELOPMENT STAGE ENTERPRISE)CONSOLIDATED NOTES TO THE FINANCIAL STATEMENTS 
MARCH 31, 2008 
(UNAUDITED)

Subsequent to March 31, 2008 it was determined that there was no compelling evidence that the asset the Company had on the books as Development Costs retained any further value. This was due to the expiration of The Technology Option Agreement and all Extensions with Mempore. As the capitalized Development Costs of $25,286 held no future value (and were the focus of the companys business purpose), they were impaired and charged to Other Losses at December 31, 2007.

During the quarter ended March 31, 2008, the Company's amortization expense attributable to the remaining unimpaired website, software license and computer equipment was $499.

NOTE 4 - COMMON STOCK

Upon incorporation, the Company issued 671,232 shares of common stock for $2,500. During the years ending December 31, 1990 through December 31, 1996, the Company was dormant and had minimal activity, resulting in a combined net loss of $3,200. There were no additional stock transactions during this period. Since 1997, the Company's board of directors has authorized a 92-for-1 forward stock split, a 2-for-1 forward split, a 1-for-25 reverse stock split, a stock dividend that was treated as a forward stock split, a 1-for-10 reverse stock split, and a4-for-1 stock dividend that was treated as a forward stock split. All references in the accompanying financial statements and notes to the number of common shares and per share amounts, have been restated to reflect all changes in the Company's capital stock, including stock splits and reverse stock splits.

During 2000, the Company issued 390,400 shares for services which were valued at the fair market value of the shares at the date of issuance. Under a 1999 agreement, the Company acquired Lucky Port Ltd, a British Virgin Islands corporation, whose sole asset was computer software. This agreement required the Company to issue 384,000 shares of its common stock. This stock was issued during the year ended December 31, 2000. Valuation of these shares was determined based upon the value of the shares at the original signing date of the agreement.

During the year ended December 31, 2001, the Company issued 11,216 shares for services which were valued at the fair market value of the shares at the dates granted.

During the year ended December 31, 2002, the Company issued 320,000 shares to two of its directors for salaries and bonuses which were valued at $0.63 per share, the fair market value of the shares at the date of issue. In addition, the Company issued 1,150,552 shares of stock in satisfaction of a note payable to a related party. See Note 5.

Also during the year ended December 31, 2002, the Company issued a total of 112,000 shares of stock to two outside parties for technical services on the Company's website and online Trivia Bingo game. 56,000 shares were valued at $1.25 per share and 56,000 shares were issued at $1.56 per share, the fair market value of the shares on the dates the contracts were signed.

In February 2003, the Company issued 92,000 shares of common stock for convertible debentures and accrued interest totaling $36,783. See Note 6.

In July 2003, the Company issued 9,600,000 shares of common stock for the purchase of software and patents totaling $138,000. See Note 3.

On November 7, 2003, the Company's board of directors declared a 3 for 1 common stock dividend for all shareholders of record on November 14, 2003. This dividend was accounted for as a stock split for accounting purposes.

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SOUTH SHORE RESOURCES INC.(A DEVELOPMENT STAGE ENTERPRISE)CONSOLIDATED NOTES TO THE FINANCIAL STATEMENTS 
MARCH 31, 2008 
(UNAUDITED)

During the year ended December 31, 2004, the Company issued 12,000 shares of stock with a fair market value of $0.58 per share, or $6,900 for the acquisition of WorldWide-Exclusive Ltd. The Company also issued 28,000 shares of common stock with a fair market value of $16,100 ($0.58 per share) to two of the former shareholders of WorldWide-Exclusive Ltd. as part of two consulting agreements.

During the year ended December 31, 2005, the Company issued 600,000 shares of common stock for cash of $1.66 per share, or $993,750. The Company also issued 40,000 shares of common stock under the terms of a consulting agreement for $1.13 per share, or $45,000.

During the year ended December 31, 2006, the company issued 17,888,440 shares of common stock to Richard Wachter, our president at $0.09 per share. The consideration for the shares of common stock was as follows:

1)2,058,156 shares of common stock to convert the Ampang Drawdown Loan in the amount of $154,361.64.2)1,630,244 shares of common stock to convert the Rick Wachter Note Payable in the amount of $122,268.33.3)886,704 shares of common stock to repay Rick Wachter for advances made by Mr. Wachter in the amount of $65,002.83.4)13,333,336 shares of common stock to compensate Mr. Wachter for services valued at $1,000,000.30.

On April 27, 2007 the Companys Board of Directors declared a stock dividend of three additional shares of common stock for each share outstanding. This dividend was accounted for as a stock split for accounting purposes. Per-share amounts in the accompanying financial statements have been restated for the stock dividend

The Company records all noncash stock transactions at the fair market value of the shares on the dates the shares are granted with the exception of the stock issued pursuant to the software acquisition disclosed in Note 3. The fair market value for all transactions excluding those with related parties is derived from the market activity of the stock on the date of the transactions. The market activity is exclusively unrelated third party activity.

The company did not issue any shares of common stock during the quarter ended March 31, 2008.

NOTE 5 - RELATED PARTY TRANSACTIONS

During the first quarter ended March 31, 2008, the Company's president advanced $9,171 to the Company in order for the Company to meet its current financial obligations.

NOTE 6 - CONVERTIBLE DEBT

On July 2, 2002, the Company sold in a private placement to accredited investors a three-month convertible pay-in-kind note with a scheduled maturity date of October 2, 2002, in the principal amount of $31,985 in cash. This debt, with an interest rate of 15% and a feature enabling conversion into shares of Company common stock at a conversion price equal to $0.40 per share, was offered pursuant to Section 4(2) of the Securities Act of 1933, as amended, and Rule 506 of Regulation D, promulgated under the Securities Act. In February 2003, the Company converted this debt into 92,000 shares of common stock.

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SOUTH SHORE RESOURCES INC.(A DEVELOPMENT STAGE ENTERPRISE)CONSOLIDATED NOTES TO THE FINANCIAL STATEMENTS 
MARCH 31, 2008 
(UNAUDITED)

On March 27, 2003, the Company sold in a private placement to accredited investors a three-month convertible pay-in-kind note due June 27, 2003, in the principal amount of $38,000 in cash. The note, with an interest rate of 15%, is convertible into shares of Company common stock at a conversion price equal to$2.50 CDN ($1.90 U.S.) per share. The Company offered the convertible subordinated debt pursuant to Section 4(2) of the Securities Act of 1933, as amended, and Rule 506 of Regulation D, promulgated under the Securities Act. At December 31, 2007 the convertible debenture was delinquent and the Company and investor were considering the options for payment. No additional interest or late payment penalties have been accrued or assessed as of March 31, 2008.

NOTE 7 - LICENSE AGREEMENTS

Mempore CorporationOn October 6, 2006 the Company entered into an exclusive licensing agreement with Mempore Corporation, a company located in Ottawa, Ontario, Canada for the refining of heavy crude oil into light sweet crude oil. The Technology Option Agreement and all Extensions have subsequently expired during the first quarter of 2008. Mempore was to receive a minimum of 15% to a maximum of 25 % of the net revenues the Company was to receive in it's dealings in any arrangement utilizing the Mempore System Membrane Technology.

South Shore had previously capitalized approximately $25,000 in Development Costs to Mempore for the construction of a working prototype membrane module. The prototype has been constructed by Mempore Corp. and was to be utilized by South Shore to demonstrate how the membrane technology application works to potential oil companies for their refining processes worldwide.

Subsequent to March 31, 2008 it was determined that there was no compelling evidence that the asset the Company had on the books as Development Costs retained any further value. This was due to the expiration of The Technology Option Agreement and all Extensions with Mempore. As the capitalized Development Costs of $25,286 held no future value and were the focus of the Companys business purpose, they were impaired and charged to Other Losses for the year ended December 31, 2007.

The Company is currently considering its options.

NOTE 8 - COMMITMENTS AND CONTINGENCIES

For the years ending December 31, 2008 and 2007, the Company has agreed to pay two of its officers annual salaries of $250,000 and $100,000 for their services to the Company. At March 31, 2008 and 2007 the Company has accrued $1,096,520 and $763,574 in salaries payable to the officers, respectively. This amount is included in accrued salaries in the financial statements.

On April 3, 2001, the Company entered into a licensing agreement with Tesauro S.A. ("Tesauro"), a corporation located in Spain, for use in producing and distributing the Trivia Bingo Game in a television game show format. Upon execution of the agreement, Tesauro agreed to pay to the Company a non-refundable fee of $10,000, plus any taxes eligible. As of December 31, 2003, the Company had received the entire fee. Tesauro overpaid its license by $2,400 which is included in the accompanying financial statements under "Commitments and Contingencies."

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ITEM 2.      MANAGEMENTS DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS

This section of our quarterly report includes a number of forward-looking statements that reflect our current views with respect to future events and financial performance and may contain forward-looking statements that involve risks and uncertainties. A number of important factors could cause our actual results to differ materially from those expressed in any forward-looking statements made by us. Forward-looking statements are often identified by words like: believe, expect, estimate, anticipate, intend, project and similar expressions, or words which, by their nature, refer to future events. You should not place undue certainty on these forward-looking statements. These forward-looking statements are subject to certain risks and uncertainties that may cause actual results to differ materially from historical results or our predictions.

Our auditors have issued a going concern opinion. This means that our auditors believe there is substantial doubt that we can continue as an on-going business for the next twelve months unless we obtain additional capital to pay our bills. This is because we have generated minimal revenues and have incurred an accumulated deficit of over $19 million.

Our officers and directors have indicated that they are unwilling to make any commitment to loan additional capital at this time, other than to pay fees connected with our filings with the SEC. Accordingly, our officers and directors are under no legal obligation to make additional capital contributions to us in the future. Should we require additional funds and are unable to raise it we will either have to suspend operations until we do raise the funds, or cease operations entirely.

We negotiated with Mempore an exclusive license to market a membrane separation technology for the refining of heavy crude oil into light sweet crude oil. This exclusively licensed technology allowed us to operate our own refining facility, market ourselves directly, through partners, licensees or third parties. Although there has been interest, no definitive commitments either oral or written have been obtained by us and there is no assurance we will ever enter into a licensing agreement, either on our own directly, through partners, licensees, through third parties. Also we may never construct our own refining facility.

Subsequent to March 31, 2008, the Technology Option Agreement and all Extensions with Mempore have expired.

The Board of Directors has placed in abeyance the Trivia Bingo Division.

We do not intend to hire additional employees at this time.

Limited Operating History; Need for Additional Capital

We are a development stage corporation and have generated minimal revenues from operations. We cannot guarantee we will be successful in our business operations. Our business is subject to risks inherent in the establishment of a business enterprise, including limited capital resources, and possible cost overruns due to price and cost increases in services.







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In order to become profitable and competitive, we must continue to operate our web-site to provide up to date information on the Company. We continue to seek equity financing to provide for the capital required.

We have no assurance that future financing will be available to us on acceptable terms. If financing is not available on satisfactory terms, we may be unable to continue operations. Additional equity financing may result in additional dilution to existing shareholders.

Results of Operations

Since January 1, 2000

Since May 1999, we have used our common stock to raise money for the development of the web-site, the development of our Internet Bingo game, and, for corporate expenses. We received a loan of $750,000 from Ampang Investments Ltd. evidenced by a debenture. The debenture was converted to 2,876,376 shares of common stock. Ampang Investments Ltd. is owned by The Bentley Group Ltd., a company which is owned and controlled by Richard L. Wachter, our President and Chief Financial Officer.

The revenues generated previous to 2005 were in the third and fourth quarters of 2001. A total of $10,000 was generated from the sale of format licenses for our T.V. game show and internet software user agreement. This is not revenue generated from operations.

In 2006, we issued a total of 17,888,440 common shares to Richard Wachter, our company president. These shares were issued to retire the Ampang Drawdown Loan ($154,361.64), Note Payable related party ($122,268.33), advances by Mr. Wachter ($65,002.83) and compensation ($1,000,000.30) .

At March 31, 2008, we had negative working capital of $1,216,078 compared to negative working capital of $712,801 at March 31, 2007. This was a result of an increase in current liabilities and a decrease in current assets. Accounts payable decreased from $21,879 on March 31, 2007 to $13,590 March 31, 2008.

At March 31, 2008, our primary asset was cash and at March 31, 2007, our primary asset was cash and development costs, and the primary liabilities consisted of accounts payable, accrued interest, notes payable, and accrued salaries

Fiscal March 31, 2008 Compared to Fiscal March 31, 2007

At March 31, 2008, we had negative working capital of $1,216,078 compared to negative working capital of $712,801 at March 31, 2007. This was a result of an increase in current liabilities and a decrease in current assets. Accounts payable decreased from $21,879 on March 31, 2007 to $13,590 March 31, 2008.

At March 31, 2008, our primary asset was cash and at March 31, 2007, our primary asset was cash and development costs, and the primary liabilities consisted of accounts payable, accrued interest, notes payable, and accrued salaries.





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Liquidity and Capital Resources

We continue to maintain a cash balance in order to fulfill our financial commitments. This cash balance or burn rate required to fulfill our financial commitments is $32,000 per month. The approximate amount of time through which our current assets will fund existing operations, barring additional advances from shareholders, is .2 months. All of this cash balance has been obtained through borrowing and our SB-2 registration statement. In the past, the majority shareholders have had to fund any cash shortfalls experienced by us.

Current assets decreased from $123,320 at March 31, 2007 to $7,034 at March 31, 2008. Current liabilities at March 31, 2007, were $836,121. These liabilities increased at March 31, 2008, to $1,223,112.

Effects of Inflation

Inflation and changing prices will not and are not expected to have a significant effect on our operations during the foreseeable future.

ITEM 3.      QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

ITEM 4.      CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

We maintain disclosure controls and procedures, as such term is defined in Rule 13a-15(e) under the Securities Exchange Act of 1934 (the Exchange Act), that are designed to ensure that information required to be disclosed in our Exchange Act reports is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission rules and forms, and that such information is accumulated and communicated to our management, including our Principal Executive Officer and Principal Financial Officer, as appropriate, to allow timely decisions regarding required disclosure. We conducted an evaluation under the supervision and with the participation of our Principal Executive Officer and Principal Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures as of the end of the period covered by this report pursuant to Rule 13a-15 of the Exchange Act. Based on this Evaluation, our Principal Executive Officer and Principal Financial Officer concluded that our Disclosure Controls were effective as of the end of the period covered by this report.

Changes in Internal Controls

We have also evaluated our internal controls for financial reporting, and there have been no significant changes in our internal controls or in other factors that could significantly affect those controls subsequent to the date of their last evaluation.







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PART II - OTHER INFORMATION

ITEM 1A.    RISK FACTORSWe are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of1934 and are not required to provide the information under this item.

ITEM 6.      EXHIBITSThe following documents are included herein:

|Exhibit No. | Document Description                                                                                 
|----------- | -----------------------------------------------------------------------------------------------------
|31.1        | Certification of Principal Financial Officer pursuant Section 302 of the Sarbanes-Oxley Act of 2002. 
|           
|31.2        | Certification of Principal Executive Officer pursuant Section 302 of the Sarbanes-Oxley Act  of 2002.
|           
|32.1        | Certification of Chief Financial Officer pursuant Section 906 of the Sarbanes-Oxley Act of  2002.    
|           
|32.2        | Certification of Chief Executive Officer pursuant Section 906 of the Sarbanes-Oxley Act of  2002.    

























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SIGNATURES

In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized on this 14thday of May, 2008.

SOUTH SHORE RESOURCES INC.BY:
     RICHARD L. WACHTERRichard L. Wachter, President, Principal AccountingOfficer, Principal Financial Officer, Treasurer and amember of the Board of DirectorsBY:
     MICHAEL KABINMichael Kabin, Principal Executive Officer, Secretaryand a member of the Board of Directors
































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EXHIBIT INDEX

|Exhibit No. | Document Description                                                                                
|----------- | ----------------------------------------------------------------------------------------------------
|31.1        | Certification of Principal Financial Officer pursuant Section 302 of the Sarbanes-Oxley Act of 2002.
|           
|31.2        | Certification of Principal Executive Officer pursuant Section 302 of the Sarbanes-Oxley Act of 2002.
|           
|32.1        | Certification of Chief Financial Officer pursuant Section 906 of the Sarbanes-Oxley Act of  2002.   
|           
|32.2        | Certification of Chief Executive Officer pursuant Section 906 of the Sarbanes-Oxley Act of  2002.   































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