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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 September 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 September 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 status of discussions with third
parties, the ability of the Company to advance discussions to the next level of
negotiation, the ability of the Company to advance to formal agreement with
third parties, 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 future agreements, unanticipated delays or other
problems, conclusion of feasibility studies, changes in project parameters or
plans, the timing and receipt of governmental approvals, the failure of parties
or processes to operate in accordance with specifications or expectations,
delays in closings or start-up dates, environmental costs and risks, 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>
                                                    September 30, 2000     December 31, 1999
                                                    ------------------     -----------------
<S>                                                     <C>                   <C>
Assets
Current assets
   Cash                                                 $       112           $     1,042
                                                        -----------           -----------
                                                        $       112           $     1,042
                                                        ===========           ===========
Liabilities and Shareholders' Equity

Current liabilities:
   Accounts payable and accrued liabilities             $   540,148           $   469,705
   Loans payable                                            147,926               138,631
   Loans payable to related parties                          39,686                34,797
                                                        -----------           -----------
                                                        $   727,760           $   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                                               (2,315,688)           (2,230,130)
                                                        -----------           -----------
                                                        $  (727,649)          $  (642,091)
                                                        -----------           -----------
                                                        $       112           $     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>
                                              Nine Months Ended                   Three Months Ended
                                       Sept 30, 2000     Sept 30, 1999     Sept 30, 2000     Sept 30, 1999
                                       -------------     -------------     -------------     -------------
<S>                                     <C>               <C>               <C>                <C>
Expenses:

     Exploration expenditures           $        --           194,796                --           192,505

     Interest and financing                  10,123            86,639             2,865            28,922

     Investor relations                          --            51,215                --            47,520

     Management salary                       67,500            67,500            22,500            22,500

     Professional fees                        4,552            26,408               685             4,376

     Office and administrative                3,383             3,938               800               688

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

Loss for the period                         (85,558)         (430,496)          (26,850)         (296,511)

Deficit, beginning of period             (2,230,130)       (2,339,027)       (2,288,811)       (2,473,012)
                                        -----------       -----------       -----------        ----------

Deficit, end of period                  $(2,315,688)      $(2,769,523)       (2,315,661)       (2,769,523)
                                        ===========       ===========       ===========        ==========

Loss per share                          $     (0.01)      $     (0.07)      $    (0.005)            (0.05)
                                        ===========       ===========       ===========        ==========
</TABLE>

See accompanying notes to financial statements.


                                        3
<PAGE>

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

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

Operations:

     Loss for the period                   $ (85,558)         (430,496)          (26,850)         (296,511)

     Changes in non-cash
         operating working capital:

   Accounts payable and
          accrued liabilities                 70,444           168,348            24,185            46,470
                                           ---------          --------           -------          --------
                                             (15,144)         (262,148)           (2,665)         (250,041)
Financing:

     Contracts payable                         9,295           259,681             2,865           236,715

     Loans payable to
         related parties                       4,889              (198)            1,200            11,801
                                           ---------          --------           -------          --------
                                              14,784           259,879             4,065          (248,516)
                                           ---------          --------           -------          --------
Increase in cash                                (930)           (2,269)            1,400            (1,525)

Cash, beginning of period                      1,042             2,734            (1,288)            1,990
                                           ---------          --------           -------          --------
Cash, end of period                        $     112               465               112               465
                                           =========          ========           =======          ========
</TABLE>

See accompanying notes to financial statements.


                                        4
<PAGE>

NAPTAU GOLD CORPORATION
Notes to Financial Statements
September 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 was the exploration and
      development of mineral properties.

            The financial statements presented herein as of September 30, 2000
      and for the three-month periods ending September 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 September 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 September 30,
      2000, the Company had a working capital deficiency of approximately
      $728,000, 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 and has reviewed several business opportunities
outside the resource industry. In particular, internet related opportunities in
the fields of infrastructure and associated technology, corporate incubator
projects, and non-internet projects related to the communications industry.

      The Company has reviewed and rejected four proposals and is actively
reviewing two potential business opportunities. Further information will be
forthcoming as 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 September 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. As of the date of this report an
agreement has been presented to the Board of Directors for review, and if
acceptable, for approval.


                                        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: November 06, 2000                  By: Edward D. Renyk, CA
                                          President and
                                          Principal Accounting Officer


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