**FORM        10-QSB**

**[X]        QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) **

**OF        THE SECURITIES EXCHANGE ACT OF 1934**

**Sun        Oil & Gas Corp.**

**PART        I: FINANCIAL INFORMATION**

**Item        1. Financial Statements. **

***Page          - 1***

----

**SUN        OIL & GAS CORP.**

**(formerly        Gaofeng Gold Corp.)**

|                                                                       |   | January                  31, |       |  January                  31, |   |
|----------------------------------------------------------------------------|--------|------------------------------|------------|------------------------------------|--------|
| ASSETS                                                                     |   | 2005                         |       |  2005                         |   |
| CURRENT                  ASSETS                                            |   |                         |       |                               |   |   |   |
|                                                                       |   |                         |       |                               |   |   |   |
| Cash                                                                       |   | $                            | -          |                               | $      | - |   |
|                                                                       |   |                         |       |                               |   |   |   |
| TOTAL                  CURRENT ASSETS                                      |   |                         | -          |                               |   | - |   |
|                                                                       |   |                         |       |                               |   |   |   |
| PROPERTY                  & EQUIPMENT, NET                             |   |                         | -          |                               |   | - |   |
|                                                                       |   |                         |       |                               |   |   |   |
| TOTAL                  ASSETS                                              |   | $                            | -          |                               | $      | - |   |
|                                                                       |   |                         |       |                               |   |   |   |
| LIABILITIES                  & STOCKHOLDERS' EQUITY (DIFICIENCY)       |   |                         |       |                               |   |   |   |
| CURRENT                  LIABILITIES                                       |   |                         |       |                               |   |   |   |
|                                                                       |   |                         |       |                               |   |   |   |
| Accounts                  Payable                                          |   | $                            | 32,302     |                               | $      | 32,302 |   |
| Accrued                  Interest                                          |   |                         | 833        |                               |   | 583 |   |
| Accrued                  Directors' Fees                                   |   |                         | 105,000    |                               |   | 80,000 |   |
|                                                                       |   |                         |       |                               |   |   |   |
| TOTAL                  CURRENT LIABILITIES                                 |   |                         | 138,135    |                               |   | 112,885 |   |
|                                                                       |   |                         |       |                               |   |   |   |
| LONG                  - TERM LIABILITIES                                   |   |                         |       |                               |   |   |   |
|                                                                       |   |                         |       |                               |   |   |   |
| Notes                  Payable                                             |   |                         | 25,000     |                               |   | 25,000 |   |
|                                                                       |   |                         |       |                               |   |   |   |
| TOTAL                  LIABILITIES                                         |   |                         | 163,135    |                               |   | 137,885 |   |
|                                                                       |   |                         |       |                               |   |   |   |
| STOCKHOLDERS'                  EQUITY (DEFICIENCY)                         |   |                         |       |                               |   |   |   |
|                                                                       |   |                         |       |                               |   |   |   |
| Preferred                  Stock, $.001 Par Value; Authorized 10,000,000   |   |                         |       |                               |   |   |   |
| Shares;                  Issued and Outstanding, 400,000 Shares            |   |                         | 400        |                               |   | 400 |   |
| Common                  Stock, $.001 Par Value; Authorized 200,000,000     |   |                         |       |                               |   |   |   |
| Shares;                  Issued and Outstanding, 161,319,942 Shares        |   |                         |       |                               |   |   |   |
| and                  161,319,942 Shares respectively                       |   |                         | 161,319    |                               |   | 161,319 |   |
| Additional                  paid-in capital                                |   |                         | 3,053,736  |                               |   | 3,053,736 |   |
| Accumulated                  deficit during the development stage          |   |                         | (3,378,590 | )                                  |   | (3,353,340 | ) |
|                                                                       |   |                         |       |                               |   |   |   |
| Total                  Stockholders' Equity (Deficit)                      |   |                         | (163,135   | )                                  |   | (137,885 | ) |
|                                                                       |   |                         |       |                               |   |   |   |
| TOTAL                  LIABILITIES & STOCKHOLDERS' EQUITY (DIFICIENCY) |   | $                            | -          |                               | $      | - |   |

***Page            - 2***

----

**SUN          OIL & GAS CORP.**

**(formerly          Gaofeng Gold Corp.)**

|                                            |   |                                          |        |                         |   | From                              |   |
|-------------------------------------------------|--------|-----------------------------------------------|-------------|------------------------------|--------|-----------------------------------|--------|
|                                            |   |                                          |        |                         |   | Inception                    on   |   |
|                                            |   |                                          |        |                         |   | August                    20,1998 |   |
|                                            |   | For                    the Three Months Ended |        | through                      |   |
|                                            |   | April                    30,                  |        | April                    30, |   |
|                                            |   | 2005                                          |        | 2004                         |   | 2005                              |   |
|                                            |   |                                          |        |                         |   |                              |   |
| Revenues                                        |   | $                    -                        |        | $                    -       |   | $                    179,619      |   |
|                                            |   |                                          |        |                         |   |                              |   |
| Amortization                                    |   |                                          | -           |                         |   | -                                 |   |   | 954,988 |   |
| General                    and Administrative   |   |                                          | 25,000      |                         |   | 8,195                             |   |   | 2,542,355 |   |
|                                            |   |                                          |        |                         |   |                              |   |   |   |   |
| Total                    Expenses          |   |                                          | 25,000      |                         |   | 8,195                             |   |   | 3,497,343 |   |
|                                            |   |                                          |        |                         |   |                              |   |   |   |   |
| Net                    Loss from Operations     |   |                                          | (25,000     | )                            |   | (8,195                            | )      |   | (3,317,724 | ) |
|                                            |   |                                          |        |                         |   |                              |   |   |   |   |
| Other                    Income (Expense)       |   |                                          |        |                         |   |                              |   |   |   |   |
|                                            |   |                                          |        |                         |   |                              |   |   |   |   |
| Interest                    Expense        |   |                                          | (250        | )                            |   | -                                 |   |   | (60,866 | ) |
|                                            |   |                                          |        |                         |   |                              |   |   |   |   |
| Total                    Other Income (Expense) |   |                                          | (250        | )                            |   | -                                 |   |   | (60,866 | ) |
|                                            |   |                                          |        |                         |   |                              |   |   |   |   |
| Net                    Income (Loss)            |   | $                                             | (25,250     | )                            | $      | (8,195                            | )      | $ | (3,378,590 | ) |
|                                            |   |                                          |        |                         |   |                              |   |   |   |   |
| Loss                    per Share               |   | $                                             | (0.00       | )                            | $      | (0.00                             | )      | $ | (0.08 | ) |
|                                            |   |                                          |        |                         |   |                              |   |   |   |   |
| Weighted                    Average             |   |                                          |        |                         |   |                              |   |   |   |   |
| Shares                    Outstanding           |   |                                          | 161,319,977 |                         |   | 158,719,907                       |   |   | 42,552,161 |   |

***Page            - 3***

----

**SUN          OIL & GAS CORP.**

**(formerly          Gaofeng Gold Corp.)**

|                                                            |   |          |             |             |                |   |             |                              |   |             |   |                     |   |  **Accumulated** |   |      |          |   |   |
|-----------------------------------------------------------------|--------|---------------|------------------|------------------|---------------------|--------|------------------|-----------------------------------|--------|------------------|--------|--------------------------|--------|-----------------------|--------|-----------|---------------|--------|--------|
|                                                            |   |          |             |             |                |   |             |                              |   |             |   |                     |   |  **(Deficit)**   |   |      |          |   |   |
|                                                            |   | **Issued**    |             |  **Issued** |                |   |             | **During                    the** |   |             |   |                     |   |
|                                                            |   | **Preferred** |             |             |  **Preferred** |   |  **Common** |                              |   |  **Common** |   | ** **Additional**** |   | **Development**       |   |      |          |   |   |
|                                                            |   | **Stock**     |             |             |  **Stock**     |   | **Stock**        |                              |   |  **Stock**  |   | **Paid-In**              |   | **Stage**             |   | **Total** |          |   |   |
|                                                            |   |          | **Shares**  |             |                |   | **Amount$**      |                              |   | **Shares**       |   |                     |   | **Amount$**           |   |      | **Capital$**  |   |   | $ |   |   | $ |   |
|                                                            |   |          |             |             |                |   |             |                              |   |             |   |                     |   |                  |   |      |          |   |   |   |   |   |   |   |
| **Balances                    at August 20, 1998**              |   |          | **-**            |             |                |   | **-**            |                              |   | **-**            |   |                     |   | **-**                 |   |      | **-**         |   |   | **-** |   |   | **-** |   |
|                                                            |   |          |             |             |                |   |             |                              |   |             |   |                     |   |                  |   |      |          |   |   |   |   |   |   |   |
| **August                    1998 - common stock issued**        |   |          |             |             |                |   |             |                              |   |             |   |                     |   |                  |   |      |          |   |   |   |   |   |   |   |
| **for                    organization costs at $6,042**         |   |          |             |             |                |   |             |                              |   | **4,712,916**    |   |                     |   | **4,713**             |   |      | **1,329**     |   |   |   |   |   | **6,042** |   |
|                                                            |   |          |             |             |                |   |             |                              |   |             |   |                     |   |                  |   |      |          |   |   |   |   |   |   |   |
| **January                    1999 - stock issued for cash**     |   |          |             |             |                |   |             |                              |   | **828,360**      |   |                     |   | **828**               |   |      | **264,672**   |   |   |   |   |   | **265,500** |   |
|                                                            |   |          |             |             |                |   |             |                              |   |             |   |                     |   |                  |   |      |          |   |   |   |   |   |   |   |
| **Net                    (Loss) for the year ended**            |   |          |             |             |                |   |             |                              |   |             |   |                     |   |                  |   |      |          |   |   |   |   |   |   |   |
| **July                    31, 1999**                            |   |          |             |             |                |   |             |                              |   |             |   |                     |   |                  |   |      |          |   |   | **(96,550** | **)** |   | **(96,550** | **)** |
|                                                            |   |          |             |             |                |   |             |                              |   |             |   |                     |   |                  |   |      |          |   |   |   |   |   |   |   |
| **Balance                    at July 31, 1999**                 |   |          | **-**            |             |                |   | **-**            |                              |   | **5,541,276**    |   |                     |   | **5,541**             |   |      | **266,001**   |   |   | **(96,550** | **)** |   | **174,992** |   |
|                                                            |   |          |             |             |                |   |             |                              |   |             |   |                     |   |                  |   |      |          |   |   |   |   |   |   |   |
| **April                    2000 - stock issued for cash**       |   |          |             |             |                |   |             |                              |   | **162,240**      |   |                     |   | **162**               |   |      | **25,838**    |   |   |   |   |   | **26,000** |   |
|                                                            |   |          |             |             |                |   |             |                              |   |             |   |                     |   |                  |   |      |          |   |   |   |   |   |   |   |
| **Net                    (Loss) for the year ended**            |   |          |             |             |                |   |             |                              |   |             |   |                     |   |                  |   |      |          |   |   |   |   |   |   |   |
| **July                    31, 2000**                            |   |          |             |             |                |   |             |                              |   |             |   |                     |   |                  |   |      |          |   |   | **(91,992** | **)** |   | **(91,992** | **)** |
|                                                            |   |          |             |             |                |   |             |                              |   |             |   |                     |   |                  |   |      |          |   |   |   |   |   |   |   |
| **Balance                    at July 31, 2000**                 |   |          | **-**            |             |                |   | **-**            |                              |   | **5,703,516**    |   |                     |   | **5,703**             |   |      | **291,839**   |   |   | **(188,542** | **)** |   | **109,000** |   |
|                                                            |   |          |             |             |                |   |             |                              |   |             |   |                     |   |                  |   |      |          |   |   |   |   |   |   |   |
| **September                    2000 - cancellation of shares**  |   |          |             |             |                |   |             |                              |   | **(1,872,000**   | **)**  |                     |   | **(1,872**            | **)**  |      | **1,872**     |   |   |   |   |   | **-** |   |
|                                                            |   |          |             |             |                |   |             |                              |   |             |   |                     |   |                  |   |      |          |   |   |   |   |   |   |   |
| **September                    2000 - Distribution to**         |   |          |             |             |                |   |             |                              |   |             |   |                     |   |                  |   |      |          |   |   |   |   |   |   |   |
| **shareholders                    in spin-off**                 |   |          |             |             |                |   |             |                              |   |             |   |                     |   |                  |   |      |          |   |   | **(95,530** | **)** |   | **(95,530** | **)** |
|                                                            |   |          |             |             |                |   |             |                              |   |             |   |                     |   |                  |   |      |          |   |   |   |   |   |   |   |
| **Net                    (Loss) for the period ended**          |   |          |             |             |                |   |             |                              |   |             |   |                     |   |                  |   |      |          |   |   |   |   |   |   |   |
| **January                    31, 2001**                         |   |          |             |             |                |   |             |                              |   |             |   |                     |   |                  |   |      |          |   |   | **(13,470** | **)** |   | **(13,470** | **)** |
|                                                            |   |          |             |             |                |   |             |                              |   |             |   |                     |   |                  |   |      |          |   |   |   |   |   |   |   |
| **Balance                    at January 31, 2001**              |   |          | **-**            |             |                |   | **-**            |                              |   | **3,831,516**    |   |                     |   | **3,831**             |   |      | **293,711**   |   |   | **(297,542** | **)** |   | **-** |   |
|                                                            |   |          |             |             |                |   |             |                              |   |             |   |                     |   |                  |   |      |          |   |   |   |   |   |   |   |
| **February                    2001 - cancellation of shares**   |   |          |             |             |                |   |             |                              |   | **(2,752,932**   | **)**  |                     |   | **(2,753**            | **)**  |      | **(122,983**  | **)**  |   |   |   |   | **(125,736** | **)** |
|                                                            |   |          |             |             |                |   |             |                              |   |             |   |                     |   |                  |   |      |          |   |   |   |   |   |   |   |
| **October                    2001 - stock issued for services** |   |          |             |             |                |   |             |                              |   | **39,000**       |   |                     |   | **39**                |   |      | **9,961**     |   |   |   |   |   | **10,000** |   |
|                                                            |   |          |             |             |                |   |             |                              |   |             |   |                     |   |                  |   |      |          |   |   |   |   |   |   |   |
| **November                    2001 - stock issued for debt**    |   |          |             |             |                |   |             |                              |   | **2,730,000**    |   |                     |   | **2,730**             |   |      | **1,255,104** |   |   |   |   |   | **1,257,834** |   |
|                                                            |   |          |             |             |                |   |             |                              |   |             |   |                     |   |                  |   |      |          |   |   |   |   |   |   |   |
| **December                    2001 - stock issued for**         |   |          |             |             |                |   |             |                              |   |             |   |                     |   |                  |   |      |          |   |   |   |   |   |   |   |
| **rounding**                                                    |   |          |             |             |                |   |             |                              |   | **63**           |   |                     |   |                  |   |      |          |   |   |   |   |   |   |   |
|                                                            |   |          |             |             |                |   |             |                              |   |             |   |                     |   |                  |   |      |          |   |   |   |   |   |   |   |
| **Net                    (Loss) for the year ended**            |   |          |             |             |                |   |             |                              |   |             |   |                     |   |                  |   |      |          |   |   |   |   |   |   |   |
| **January                    31, 2002**                         |   |          |             |             |                |   |             |                              |   |             |   |                     |   |                  |   |      |          |   |   | **(1,479,963** | **)** |   | **(1,479,963** | **)** |
|                                                            |   |          |             |             |                |   |             |                              |   |             |   |                     |   |                  |   |      |          |   |   |   |   |   |   |   |
| **Balance                    at January 31, 2002**              |   |          | **-**            |             |                |   | **-**            |                              |   | **3,847,647**    |   |                     |   | **3,847**             |   |      | **1,435,793** |   |   | **(1,777,505** | **)** |   | **(337,865** | **)** |
|                                                            |   |          |             |             |                |   |             |                              |   |             |   |                     |   |                  |   |      |          |   |   |   |   |   |   |   |
| **April                    2002 - Stock issued for services**   |   |          |             |             |                |   |             |                              |   |             |   |                     |   |                  |   |      |          |   |   |   |   |   |   |   |
| **with                    reference to recission of**           |   |          |             |             |                |   |             |                              |   |             |   |                     |   |                  |   |      |          |   |   |   |   |   |   |   |
| **acquisition                    of subsidiary**                |   |          |             |             |                |   |             |                              |   | **3,900,000**    |   |                     |   | **3,900**             |   |      | **171,100**   |   |   |   |   |   | **175,000** |   |
|                                                            |   |          |             |             |                |   |             |                              |   |             |   |                     |   |                  |   |      |          |   |   |   |   |   |   |   |
| **Shares                    issued for debt conversion**        |   |          |             |             |                |   |             |                              |   | **18,144,750**   |   |                     |   | **18,145**            |   |      | **364,396**   |   |   |   |   |   | **382,541** |   |
|                                                            |   |          |             |             |                |   |             |                              |   |             |   |                     |   |                  |   |      |          |   |   |   |   |   |   |   |
| **October                    18, 2002 - stock issued for**      |   |          |             |             |                |   |             |                              |   |             |   |                     |   |                  |   |      |          |   |   |   |   |   |   |   |
| **rounding**                                                    |   |          |             |             |                |   |             |                              |   | **227,510**      |   |                     |   | **227**               |   |      | **915**       |   |   |   |   |   | **1,142** |   |
|                                                            |   |          |             |             |                |   |             |                              |   |             |   |                     |   |                  |   |      |          |   |   |   |   |   |   |   |
| **Net                    (Loss) for the year ended**            |   |          |             |             |                |   |             |                              |   |             |   |                     |   |                  |   |      |          |   |   |   |   |   |   |   |
| **January                    31, 2003**                         |   |          |             |             |                |   |             |                              |   |             |   |                     |   |                  |   |      |          |   |   | **(420,936** | **)** |   | **(420,936** | **)** |
|                                                            |   |          |             |             |                |   |             |                              |   |             |   |                     |   |                  |   |      |          |   |   |   |   |   |   |   |
| **Balance                    at January 31, 2003**              |   |          | **-**            |             |                |   | **-**            |                              |   | **26,119,907**   |   |                     |   | **26,119**            |   |      | **1,972,204** |   |   | **(2,198,441** | **)** |   | **(200,118** | **)** |
|                                                            |   |          |             |             |                |   |             |                              |   |             |   |                     |   |                  |   |      |          |   |   |   |   |   |   |   |
| **May                    2003 - Capital contributed by**        |   |          |             |             |                |   |             |                              |   |             |   |                     |   |                  |   |      |          |   |   |   |   |   |   |   |
| **shareholder**                                                 |   |          |             |             |                |   |             |                              |   |             |   |                     |   |                  |   |      | **37,132**    |   |   |   |   |   | **37,132** |   |
|                                                            |   |          |             |             |                |   |             |                              |   |             |   |                     |   |                  |   |      |          |   |   |   |   |   |   |   |
| **November                    2003 - stock issued for wages**   |   |          |             |             |                |   |             |                              |   | **23,400,000**   |   |                     |   | **23,400**            |   |      | **201,600**   |   |   |   |   |   | **225,000** |   |
|                                                            |   |          |             |             |                |   |             |                              |   |             |   |                     |   |                  |   |      |          |   |   |   |   |   |   |   |
| **December                    2003 - stock issued for cash**    |   |          |             |             |                |   |             |                              |   | **109,200,000**  |   |                     |   | **109,200**           |   |      | **(4,200**    | **)**  |   |   |   |   | **105,000** |   |
|                                                            |   |          |             |             |                |   |             |                              |   |             |   |                     |   |                  |   |      |          |   |   |   |   |   |   |   |
| **Net                    (Loss) for the year ended**            |   |          |             |             |                |   |             |                              |   |             |   |                     |   |                  |   |      |          |   |   |   |   |   |   |   |
| **January                    31, 2004**                         |   |          |             |             |                |   |             |                              |   |             |   |                     |   |                  |   |      |          |   |   | **(69,746** | **)** |   | **(69,746** | **)** |
|                                                            |   |          |             |             |                |   |             |                              |   |             |   |                     |   |                  |   |      |          |   |   |   |   |   |   |   |
| **Balance                    at January 31, 2004**              |   |          | **-**            |             |                |   | **-**            |                              |   | **158,719,907**  |   |                     |   | **158,719**           |   |      | **2,206,736** |   |   | **(2,268,187** | **)** |   | **97,268** |   |
|                                                            |   |          |             |             |                |   |             |                              |   |             |   |                     |   |                  |   |      |          |   |   |   |   |   |   |   |
| **June                    2004 - shares issued for**            |   |          |             |             |                |   |             |                              |   |             |   |                     |   |                  |   |      |          |   |   |   |   |   |   |   |
| **mining                    license**                           |   |          | **400,000**      |             |                |   | **400**          |                              |   | **2,600,000**    |   |                     |   | **2,600**             |   |      | **847,000**   |   |   |   |   |   | **850,000** |   |
|                                                            |   |          |             |             |                |   |             |                              |   |             |   |                     |   |                  |   |      |          |   |   |   |   |   |   |   |
| **November                    26, 2004 - stock issued for**     |   |          |             |             |                |   |             |                              |   |             |   |                     |   |                  |   |      |          |   |   |   |   |   |   |   |
| **rounding**                                                    |   |          |             |             |                |   |             |                              |   | **35**           |   |                     |   |                  |   |      |          |   |   |   |   |   | **-** |   |
|                                                            |   |          |             |             |                |   |             |                              |   |             |   |                     |   |                  |   |      |          |   |   |   |   |   |   |   |
| **Net                    (Loss) for the year ended**            |   |          |             |             |                |   |             |                              |   |             |   |                     |   |                  |   |      |          |   |   |   |   |   |   |   |
| **January                    31, 2005**                         |   |          |             |             |                |   |             |                              |   |             |   |                     |   |                  |   |      |          |   |   | **(1,085,153** | **)** |   | **(1,085,153** | **)** |
|                                                            |   |          |             |             |                |   |             |                              |   |             |   |                     |   |                  |   |      |          |   |   |   |   |   |   |   |
| **Balance                    at January 31, 2005**              |   |          | **400,000**      |             |                |   | **400**          |                              |   | **161,319,942**  |   |                     |   | **161,319**           |   |      | **3,053,736** |   |   | **(3,353,340** | **)** |   | **(137,885** | **)** |
|                                                            |   |          |             |             |                |   |             |                              |   |             |   |                     |   |                  |   |      |          |   |   |   |   |   |   |   |
|                                                            |   |          |             |             |                |   |             |                              |   |             |   |                     |   |                  |   |      |          |   |   |   |   |   |   |   |
| **Net                    (Loss) for the quarter ended**         |   |          |             |             |                |   |             |                              |   |             |   |                     |   |                  |   |      |          |   |   |   |   |   |   |   |
| **April                    30, 2005**                           |   |          |             |             |                |   |             |                              |   |             |   |                     |   |                  |   |      |          |   |   | **(25,250** | **)** |   | **(25,250** | **)** |
|                                                            |   |          |             |             |                |   |             |                              |   |             |   |                     |   |                  |   |      |          |   |   |   |   |   |   |   |
| **Balance                    at April 30, 2005**                |   |          | **400,000**      |             |                |   | **400**          |                              |   | **161,319,977**  |   |                     |   | **161,319**           |   |      | **3,053,736** |   |   | **(4,463,743** | **)** |   | **(1,248,288** | **)** |

***Page            - 4***

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**SUN          OIL & GAS CORP.**

**(formerly          Gaofeng Gold Corp.)**

|                                                                    |   |   |                                                |    |   |  From                              |   |
|-------------------------------------------------------------------------|--------|--------|-----------------------------------------------------|--------------|--------|-----------------------------------------|--------|
|                                                                    |   |   |                                                |    |   |  Inception                    on   |   |
|                                                                    |   |   |                                                |    |   |  August                    20,1998 |   |
|                                                                    |   |   | For                    the Three Months Ended  |         |   | through                                 |   |
|                                                                    |   |   | April                    30                    |         |   | April                    30,            |   |
|                                                                    |   |   | 2005                                                |         |   | 2004                                    |   |   | 2005 |   |
| Cash                    Flows from Operating Activities                 |   |   |                                                |         |   |                                    |   |   |   |   |
|                                                                    |   |   |                                                |         |   |                                    |   |   |   |   |
| Net                    Income (Loss)                                    |   | $      | (25,250                                             | )            | $      | (8,195                                  | )      | $ | (3,378,590 | ) |
| Adjustments                    to reconcile net loss to                 |   |   |                                                |         |   |                                    |   |   |   |   |
| net                    cash provided by operations:                |   |   |                                                |         |   |                                    |   |   |   |   |
| Shares                    issued for services                      |   |   |                                                |         |   |                                    |   |   | 246,143 |   |
| Shares                    issued for accrued wages                 |   |   |                                                |         |   |                                    |   |   | 165,000 |   |
| Shares                    issued for debt                          |   |   |                                                |         |   |                                    |   |   | 382,540 |   |
| Shares                    issued for accrued interest              |   |   |                                                |         |   |                                    |   |   | 19,156 |   |
| Notes                    payable issued for expenses               |   |   |                                                |         |   |                                    |   |   | 1,042,443 |   |
| Depreciation                    and amortization                   |   |   |                                                |         |   |                                    |   |   | 1,025,001 |   |
| Increase                    (Decrease) in accrued liabilities      |   |   | 25,250                                              |         |   | 5,000                                   |   |   | 105,833 |   |
| Decrease                    (Increase) in receivables              |   |   |                                                |         |   |                                    |   |   | 139,239 |   |
| Increase                    (Decrease) in payables                 |   |   |                                                |         |   | 3,195                                   |   |   | 30,551 |   |
|                                                                    |   |   |                                                |         |   |                                    |   |   |   |   |
| Net                    Cash (Used) Provided by Operating Activities     |   |   | -                                                   |         |   | -                                       |   |   | (222,684 | ) |
|                                                                    |   |   |                                                |         |   |                                    |   |   |   |   |
| Cash                    Flows from Investing Activities                 |   |   |                                                |         |   |                                    |   |   |   |   |
| Cash                    paid for mining licensing agreement        |   |   | -                                                   |         |   | -                                       |   |   | (104,988 | ) |
| Cash                    acquired from subsidiary                   |   |   | -                                                   |         |   | -                                       |   |   | 9,070 |   |
| Cash                    contributed in distribution                |   |   | -                                                   |         |   | -                                       |   |   | (1,176 | ) |
| Cash                    paid for property and equipment            |   |   | -                                                   |         |   | -                                       |   |   | (176,722 | ) |
|                                                                    |   |   |                                                |         |   |                                    |   |   |   |   |
| Net                    Cash (Used) Provided by Investing Activities     |   |   | -                                                   |         |   | -                                       |   |   | (273,816 | ) |
|                                                                    |   |   |                                                |         |   |                                    |   |   |   |   |
| Cash                    Flows from Financing Activities                 |   |   |                                                |         |   |                                    |   |   |   |   |
| Proceeds                    from notes payable                     |   |   | -                                                   |         |   | -                                       |   |   | 100,000 |   |
| Issued                    common stock for cash                    |   |   |                                                |         |   | -                                       |   |   | 396,500 |   |
|                                                                    |   |   |                                                |         |   |                                    |   |   |   |   |
| Net                    Cash (Used) Provided by Financing Activities     |   |   | -                                                   |         |   | -                                       |   |   | 496,500 |   |
|                                                                    |   |   |                                                |         |   |                                    |   |   |   |   |
| Net                    increase (decrease) in cash                      |   |   | -                                                   |         |   | -                                       |   |   | - |   |
|                                                                    |   |   |                                                |         |   |                                    |   |   |   |   |
| Beginning                    Cash                                       |   |   | -                                                   |         |   | 99,019                                  |   |   | - |   |
|                                                                    |   |   |                                                |         |   |                                    |   |   |   |   |
| Ending                    Cash                                          |   | $      | -                                                   |         | $      | 99,019                                  |   | $ | - |   |
|                                                                    |   |   |                                                |         |   |                                    |   |   |   |   |
| Supplemental                    Cash Flow Information                   |   |   |                                                |         |   |                                    |   |   |   |   |
| Cash                    paid for interest                          |   | $      | -                                                   |         | $      | -                                       |   | $ | - |   |
| Cash                    paid for income taxes                      |   | $      | -                                                   |         | $      | -                                       |   | $ | - |   |
|                                                                    |   |   |                                                |         |   |                                    |   |   |   |   |
| Non-cash                    activities                                  |   |   |                                                |         |   |                                    |   |   |   |   |
|                                                                    |   |   |                                                |         |   |                                    |   |   |   |   |
| Shares                    issued for subsidiary                    |   | $      | -                                                   |         | $      | -                                       |   | $ | 960,000 |   |
| Shares                    issued for services                      |   | $      | -                                                   |         | $      | -                                       |   | $ | 246,143 |   |
| Shares                    issued for debt conversion               |   | $      | -                                                   |         | $      | -                                       |   | $ | - |   |
| Notes                    payable issued for expenses               |   | $      | -                                                   |         | $      | -                                       |   | $ | 1,042,443 |   |
| Shares                    issued for notes payable and interest    |   | $      | -                                                   |         | $      | -                                       |   | $ | 1,640,374 |   |
| Shares                    issued for accrued wages                 |   | $      | -                                                   |         | $      | -                                       |   | $ | 165,000 |   |
| Forgiveness                    of accounts payable by shareholder  |   | $      | -                                                   |         | $      | -                                       |   | $ | 37,132 |   |
| Shares                    issued for mining license                |   | $      | -                                                   |         | $      | -                                       |   | $ | 850,000 |   |

***Page            - 5***

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**Item        2. Discussion and Analysis or Plan of Operation. **

**PART        II: OTHER INFORMATION**

**Item        1. Legal Proceedings. **

**Item        2. Changes in Securities. **

**Item        3. Defaults on Senior Securities. **

**Item        4. Submission of Matters to Vote of Security Holders**

**Item        5. Other Information**

**Item        6. Exhibits and Reports on Form 8-K.**

***Page            - 6***

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**SIGNATURES**

**Dated:        June 15, 2005**

***Sun        Oil & Gas Corp.***

***Page            - 7***

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**Exhibit        31**

***Page            - 8***

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**CERTIFICATIONS          PURSUANT TO SECTION 302**

|   |   | I,                    Peter G. Wilson, certify that: |
|--------|--------|------------------------------------------------------|

***10Q-SB***
***Sun          Oil & Gas Corp.***

|   | a)                    designed such disclosure controls and procedures to ensure that                    material                    information relating to the registrant, including its consolidated                    subsidiaries, is made known to us by others within those entities,                    particularly during the period in which this Quarterly report                    is being                    prepared; |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | b)                    evaluated the effectiveness of the registrant's disclosure controls                    and                    procedures as of a date within 90 days prior to the filing date                    of this                    Quarterly report (the "Evaluation Date");                    and |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | c)                    presented in this Quarterly report our conclusions about the                    effectiveness                    of the disclosure controls and procedures based on our evaluation                    as of                    the Evaluation Date; |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | a)                    all significant deficiencies in the design or operation of internal                    controls which could adversely affect the registrant's ability                    to record,                    process, summarize and report financial data and have identified                    for the                    registrant's auditors any material weaknesses in internal controls;                    and |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | b)                    any fraud, whether or not material, that involves management                    or other                    employees who have a significant role in the registrant's internal                    controls; and |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

***Page            - 9***

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**Exhibit        32**

***Page            - 10***

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**CERTIFICATION            PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906            OF THE            SARBANES-OXLEY ACT OF 2002**

***Sun            Oil & Gas Corp.***
***Nevada***
***10-QSB***
***April            30, 2005***

|   |   | (1)                      The Report fully complies with the requirements of section                      13(a) or 15(d)                      of the Securities Exchange Act of 1934;                      and |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

***Page            - 11***

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