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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB

(Mark One)

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

                       For the quarterly period ended June 30, 2000

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

      For the transition period from ___________________ to ___________________

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

                          Commission File Number 0-2660

                             NAPTAU GOLD CORPORATION
        (Exact name of small business issuer as specified in its charter)

         Delaware                                               22-3386947
(State or other jurisdiction of                                (IRS Employer
incorporation or organization)                               Identification No.)

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

                               5391 Blundell Road
                                   Richmond BC
                                 Canada V7C 1H3
                    (Address of principal executive offices)

                                 (604) 277-5252
                           (Issuer's telephone number)

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

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

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

      5,933,500 shares of Common Stock, $.001 par value, were outstanding,
                              as of June 30, 2000.

           Transitional Small Business Disclosure Format (check one):

                               Yes |_|   No |X|

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<PAGE>

                                   Form 10-QSB

                                      INDEX

                                                                           Page
                                                                          Number

"Safe Harbor" Statement....................................................  1

PART I. FINANCIAL INFORMATION..............................................  2

Item 1. Balance Sheets.....................................................  2

        Statements of Operations and Deficit...............................  3

        Statements of Cash Flows...........................................  4

        NOTES TO FINANCIAL STATEMENTS......................................  5

Item 2. Plan of Operation..................................................  6

PART II OTHER INFORMATION .................................................  6

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

       SIGNATURES..........................................................  7

       FINANCIAL DATA SCHEDULE.............................................  8
<PAGE>

"Safe Harbor" Statement

Cautionary Statement for purposes of the "Safe Harbor" Provisions of the Private
Securities Litigation Reform Act of 1995. With the exception of historical
matters, the matters discussed in this report are forward-looking statements
that involve risks and uncertainties that could cause actual results to differ
materially from projections or estimates contained herein. Such forward-looking
statements include statements regarding planned levels of development,
exploration and other expenditures, anticipated production and schedules for
development. Factors that could cause actual results to differ materially
include, among others, decisions and activities related to the mining
properties, unanticipated grade, geological, metallurgical, processing or other
problems, conclusion of feasibility studies, changes in project parameters or
plans, the timing and receipt of governmental permits, the failure of plant,
equipment or processors to operate in accordance with specifications or
expectations, results of current exploration activities, accidents, delays in
start-up dates, environmental costs and risks, changes in gold prices, as well
as other factors described elsewhere in this Form 10-QSB. Most of these factors
are beyond the Registrant's ability to predict or control. The Registrant
disclaims any obligation to update any forward-looking statement made herein.


                                       1
<PAGE>

PART 1. FINANCIAL INFORMATION

Item 1.

NAPTAU GOLD CORPORATION
Balance Sheets
(expressed in United States dollars)

<TABLE>
<CAPTION>
                                                  June 30, 2000  December 31, 1999
                                                  -------------  -----------------
<S>                                                <C>              <C>
Assets
Current assets
   Cash                                            $       289      $     1,042
                                                   -----------      -----------
                                                   $       289      $     1,042
                                                   ===========      ===========
Liabilities and Shareholders' Equity

Current liabilities:
   Accounts payable and accrued liabilities        $   517,464      $   469,705
   Loans payable                                       145,060          138,631
   Loans payable to related parties                     38,536           34,797
                                                   -----------      -----------
                                                   $   701,060      $   643,133
Shareholders' equity
   Capital stock
      Authorized:
         5,000,000 preferred shares with a par
            value of $0.001 per share
         20,000,000 common shares with a par
            value of $0.001 per share
   Issued and outstanding:
     5,933,500 common shares                             5,934            5,934
   Additional paid-in capital                        1,582,105        1,582,105
   Deficit                                          (2,298,810)      (2,230,130)
                                                   -----------      -----------
                                                   $  (700,772)     $  (642,091)
                                                   -----------      -----------
                                                   $       289      $     1,042
                                                   ===========      ===========
</TABLE>

See accompanying notes to financial statements.


                                       2
<PAGE>

NAPTAU GOLD CORPORATION
Statements of Operations and Deficit
(expressed in United States dollars)

<TABLE>
<CAPTION>
                                        Six Months Ended               Three Months Ended
                                  June 30, 2000   June 30, 1999   June 30, 2000   June 30, 1999
                                  -------------   -------------   -------------   -------------
<S>                                <C>            <C>             <C>              <C>
Expenses:

   Exploration expenditures        $                    2,291                             639

   Interest and financing                7,258         57,717            4,383         29,143

   Investor relations                                   3,195                           3,195

   Management salary                    45,000         45,000           22,500         22,500

   Professional fees                     3,867         22,032            1,285         10,674

   Office and administrative             2,556          3,243              793          1,191
                                   -----------    -----------      -----------    -----------

Loss for the period                    (58,681)      (133,478)         (28,961)       (67,342)

Deficit, beginning of period        (2,230,130)    (2,339,021)      (2,259,850)    (2,405,163)
                                   -----------    -----------      -----------    -----------

Deficit, end of period             $(2,288,811)   $(2,472,505)      (2,288,811)    (2,472,505)
                                   ===========    ===========      ===========    ===========

Loss per share                     $     (0.01)   $     (0.02)     $    (0.005)         (0.01)
                                   ===========    ===========      ===========    ===========
</TABLE>

See accompanying notes to financial statements.


                                       3
<PAGE>

NAPTAU GOLD CORPORATION
Statements of Cash Flows
(expressed in United States dollars)

<TABLE>
<CAPTION>
                                        Six Months Ended               Three Months Ended
                                  June 30, 2000   June 30, 1999   June 30, 2000   June 30, 1999
                                  -------------   -------------   -------------   -------------
<S>                                <C>              <C>               <C>             <C>
Cash generated from (used in):

Operations:

   Loss for the period               $(58,681)      (133,478)         (28,961)         (67,342)

   Changes in non-cash
       operating working capital:

   Accounts payable and
       accrued liabilities             47,759        113,691           24,715           75,259
                                     --------       --------         --------         --------
                                      (10,922)       (19,787)          (4,246)           7,917
Financing:

   Contracts payable                    6,430         22,844            2,865           (3,644)

   Loans payable to
      related parties                   3,739         (3,301)           1,195           (4,563)
                                     --------       --------         --------         --------
                                       10,169         19,543            4,060           (8,207)
                                     --------       --------         --------         --------
Increase in cash                         (753)          (244)            (186)            (290)

Cash, beginning of period               1,042          2,734              475            2,780
                                     --------       --------         --------         --------
Cash, end of period                  $    289          2,490              289            2,490
                                     ========       ========         ========         ========
</TABLE>

See accompanying notes to financial statements.


                                       4
<PAGE>

NAPTAU GOLD CORPORATION
Notes to Financial Statements
June 30, 2000

1. The Company and basis of presentation:

      Naptau Gold Corporation (the "Company") was formed under the laws of the
      State of Delaware on January 8, 1988 and was inactive until 1995 when it
      entered into an agreement to acquire certain mineral properties. The
      operation of the mineral properties was unsuccessful and as at December
      31, 1999 the Company entered into a recission and release agreement
      whereby all assets previously acquired, including staked placer leases and
      related production equipment located on the properties, were conveyed back
      in consideration for the release from all related debts and obligations.
      The Company agreed to transfer all exploration account balances for
      Canadian tax purposes relating to the operation of the mineral properties.

      The Company's principal business activity is the exploration and
      development of mineral properties.

      The financial statements presented herein as of June 30, 2000 and for the
      three-month periods ending June 30, 2000 and 1999 are unaudited and, in
      the opinion of management, include all adjustments (consisting only of
      normal and recurring adjustments) necessary for a fair presentation of
      financial position and results of operations. Such financial statements do
      not include all of the information and footnote disclosures normally
      included in audited financial statements prepared in accordance with
      generally accepted accounting principles.

Mineral property interests:

      Mineral property acquisition costs and related interest and financing
      costs are deferred until the property is placed into production, sold or
      abandoned. These costs will be amortized on a unit-of-production basis
      over the estimated proven and probable reserves of the property following
      commencement of commercial production or written off if the property is
      sold, allowed to lapse or abandoned.

      Mineral property acquisition costs include cash consideration and the
      estimated fair value of common shares issued for mineral properties, based
      on recent share issuances. Exploration and development expenditures are
      expensed in the period incurred until such time as the Company establishes
      the existence of commercial feasibility, at which time these costs will be
      deferred. Administrative expenditures are expensed in the period incurred.

      On an on-going basis, the Company evaluates the status of its mineral
      properties based on results to date to determine the nature of exploration
      and development work that is warranted in the future. If there is little
      prospect of further work on a property being carried out, the deferred
      costs related to that property are written down to their estimated
      recoverable amount.

      Results of operations for the three month period ended June 30, 2000 are
      not necessarily indicative of the results that may be expected for the
      full year ended December 31, 2000. It is suggested that these financial
      statements be read in conjunction with the financial statements and notes
      thereto included in the Company's 1999 Annual Report on Form 10-KSB.

      These financial statements have been prepared on the basis of accounting
      principles applicable to a going concern. At June 30, 2000, the Company
      had a working capital deficiency of approximately $701,000, a significant
      portion of which is due to related parties. The Company's continuing
      operations and the ability of the Company to discharge its liabilities are
      dependent upon the continued financial support of its related parties and
      the ability of the Company to obtain the necessary financing to meet its
      liabilities as they come due.


                                        5
<PAGE>

Item 2. Plan of Operation

      The Company, historically, has been engaged in the acquisition,
exploration and development of mineral properties, primarily gold or platinum.
The Company has been approached to review several business opportunities outside
the resource industry. In particular, internet related opportunities in the
fields of entertainment and associated technology, corporate incubator projects,
and non-internet projects which involve the reduction or elimination of exhaust
emissions created by the internal combustion engine either by fuel additives or
by other pre-conditioning of fuels before they enter the engine.

      The Company is actively reviewing these potential business opportunities
and will issue further information if matters develop.

PART II OTHER INFORMATION

Item 6. Exhibits and Reports on Form 8-K

      On May 18th, 2000 Mr. Larry Fix, Director, consented and was appointed to
act as Secretary of the Company.

      On May 18th, 2000, under the Stock Grant Program(1) established June 30,
1995, the Company authorized the issuing of common stock as follows:

      Larry Fix         50,000 common shares at par value of $0.001 per share
      Lloyd Mear        75,000 common shares at par value of $0.001 per share
      Edward Renyk      75,000 common shares at par value of $0.001 per share

      As of June 30, 2000 this common stock had not been formally issued from
the treasury of the Company.

      On May 18, 2000, under the Stock Option Plan(1) established June 30, 1995,
the Company issued 300,000 Stock Options which entitle the Optionee to purchase
one fully paid common share of the Company at the price of $0.05 per common
share for a period of two years from the date of granting.

On May 18, 2000 the Company's shares traded on the OTC Bulletin Board at $0.055
on a volume of 43,500 shares.

(1) Incorporated by reference to the Company's Form 10-SB, Commission File No.
0-25786.

The Company is presently negotiating with Mr. Edward Renyk to extend his
position as President of the Company. His contract expired on June 30, 2000 but
he has agreed to carry on the duties and responsibilities of CEO, President and
Principal Accounting Officer on a month to month basis until the conclusion of
negotiations and signing of a new contract.


                                        6
<PAGE>

SIGNATURES

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

                                        NAPTAU GOLD CORPORATION


                                        /s/ Edward D. Renyk
                                        ----------------------------------------
Dated: August 04, 2000                  By: Edward D. Renyk, CA
                                        President and
                                        Principal Accounting Officer


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