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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 March 31, 2003

|_|   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: 6,133,500 shares of Common Stock,
$.001 par value, were outstanding, as of May 12, 2003.

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

Item 3. Controls and Procedures ...........................................  6


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

Item 2. Changes in Securities .............................................  6

Item 3. Defaults under Senior Securities ..................................  6

Item 5. Other Information .................................................  6

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

        Certification .....................................................  8

Item 6. Exhibits and reports on Form 8-K ..................................  9

             Exhibit 99.1 ................................................  10


<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.  Financial Statements

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

                                               March 31, 2003   March 31, 2002
                                               --------------   ---------------
Assets
Current assets

   Cash                                         $        71      $     1,082
                                                -----------      -----------
                                                $        71      $     1,082
                                                ===========      ===========

Liabilities and Shareholders' Equity

Current liabilities:
   Accounts payable and accrued liabilities     $   723,072      $   625,160
   Loans payable                                    197,235          175,803
   Loans payable to related parties                  75,424           67,396
                                                -----------      -----------
                                                $   995,731      $   868,359

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:
     6,133,500 common shares                          6,134            5,934
   Additional paid-in capital                     1,582,105        1,582,105
   Deficit                                       (2,583,899)      (2,383,955)
                                                -----------      -----------
                                                $(  995,660)     $(  867,277)
                                                -----------      -----------
                                                $        71      $     1,082
                                                ===========      ===========

See accompanying notes to financial statements.

                                       2

<PAGE>


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


                                                        Three Months Ended
                                                  Mar 31, 2003      Mar 31, 2002
                                                  ------------      ------------
Expenses:

     Interest and financing                       $    14,997             3,203

     Management salary                                 22,500            22,500

     Professional fees                                  1,165             1,722

     Office and administrative                            466               694
                                                  -----------        ----------

Loss for the period                                   (39,128)          (28,119)

Deficit, beginning of period                       (2,544,771)       (2,427,197)
                                                  -----------        ----------

Deficit, end of period                            $(2,583,899)       (2,455,316)
                                                  ===========        ==========

Loss per share                                    $    (0.006)           (0.005)
                                                  ===========        ==========


See accompanying notes to financial statements.

                                       3

<PAGE>


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

<TABLE>
<CAPTION>

                                                            Three Months Ended
                                                      Mar 31, 2003    Mar 31, 2002
                                                      ------------    ------------
<S>                                                   <C>             <C>
Cash generated from (used in):

Operations:

     Loss for the period                                $(39,128)       (28,119)

     Changes in non-cash
         operating working capital:

   Accounts payable and
          accrued liabilities                             29,662         21,154
                                                        --------        -------
                                                          (9,466)        (6,965)
Financing:

     Contracts payable                                     4,924          3,203

     Loans payable to
         related parties                                   4,516          4,513
                                                        --------        -------
                                                           9,440          7,716
                                                        --------        -------
Increase in cash                                             (26)           751

Cash, beginning of period                                     97            331
                                                        --------        -------
Cash, end of period                                           71          1,082
                                                        ========        =======
</TABLE>

See accompanying notes to financial statements.

                                       4

<PAGE>


NAPTAU GOLD CORPORATION
Notes to Financial Statements
March 31, 2002

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.
      At present the Company holds no interest in any mineral properties.

            The Company's principal business activity was the exploration and
      development of mineral properties and is presently engaged in researching,
      independently or jointly, opportunities in technology related areas.

            The financial statements presented herein as of March 31, 2003 and
      for the three-month periods ending March 31, 2003 and 2002 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.

            Results of operations for the three-month period ended March 31,
      2003 are not necessarily indicative of the results that may be expected
      for the full year ended December 31, 2003. It is suggested that these
      financial statements be read in conjunction with the financial statements
      and notes thereto included in the Company's 2002 Annual Report on Form
      10-KSB.

            These financial statements have been prepared on the basis of
      accounting principles applicable to a going concern. At March 31, 2003,
      the Company had a working capital deficiency of approximately $996,000, 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 engaged in the acquisition, exploration and development
of mineral properties. As an outcropping of its exposure to the mineralogy,
metallurgy, environmental, and health concerns related to the extraction,
recovery and use of minerals, and drawing upon the experience and knowledge
brought to the Company by its Directors and Officers, the Company is pursuing
the commercial exploitation of such knowledge. In addition, it is researching,
independently or jointly, opportunities in technology related areas.

Naptau has not incurred new debt other than that due to shareholders, Officers
and/or Directors and existing debtors.

Item 3. Controls and Procedures

(a)   Evaluation of Disclosure Controls and Procedures.

      Within the 90 days prior to the date of this Report, we carried out an
      evaluation, under the supervision and with the participation of our
      management, including the Company's Chief Executive and Chief Financial
      Officer, of the effectiveness of the design and operation of our
      disclosure controls and procedures pursuant to Rule 13a-14 under the
      Securities Exchange Act of 1934, as amended. Based upon that evaluation,
      the Company's Chief Executive and Chief Financial Officer concluded that
      our disclosure controls and procedures are effective in timely alerting
      them to material information required to be included in our periodic
      filings with the U.S. Securities and Exchange Commission.


(b)   Changes in Internal Controls.

      There were no significant changes in our internal controls or in other
      factors that could significantly affect these internal controls subsequent
      to the date of our most recent evaluation.

PART II  OTHER INFORMATION

Item 2.  Changes in Securities

         On April 5, 2002 the Company issued 200,000 shares of common stock to
Directors of the Company pursuant to a Stock Grant Program dated June 30, 1995.

Item 3.  Defaults upon Senior Securities

         The Company was in default of principal and accrued interest on
Contracts Payable of $111,580 due December 31, 2001. Negotiations were
successfully concluded to extend the repayment periods on these contracts to
June 30, 2003. Costs of $14,946 related the contract extensions and to accrued
interest on these accounts for the Quarter have been included in the Operating
Statement under Interest Expense.

Item 5.  Other Information

On June 30, 1995 the Company entered into a five year employment agreement with
the President of the Company which expired June 30, 2000 with the agreement that
the President of the Company continue with his duties and responsibilities until
a new contract is authorized by the Board of Directors.


                                       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: May 13, 2003                       By: Edward D. Renyk, CA
                                          President and
                                          Principal Accounting Officer


                                        7

<PAGE>


CERTIFICATIONS

I, Edward D. Renyk, certify that:

1. I have reviewed this quarterly report on Form 10-QSB of Naptau Gold
Corporation;

2. Based on my knowledge, this quarterly report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to make
the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this quarterly
report;

 3. Based on my knowledge, the financial statements, and other financial
information included in this quarterly report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this quarterly report;

 4. The registrant's other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:

     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;

5. The registrant's other certifying officers and I have disclosed, based on our
most recent evaluation, to the registrant's auditors and the audit committee of
registrant's board of directors (or persons performing the equivalent
functions):

     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

6. The registrant's other certifying officers and I have indicated in this
quarterly report whether or not there were significant changes in internal
controls or in other factors that could significantly affect internal controls
subsequent to the date of our most recent evaluation, including any corrective
actions with regard to significant deficiencies and material weaknesses.

Date: May 13, 2003

By:     /s/ Edward D. Renyk
        ---------------------------
         Edward D. Renyk
         Chief Executive Officer (Principal Executive Officer)
         Chief Accounting Officer (Principal Financial Officer)


                                        8

<PAGE>

Item 6.  Exhibits and Reports on Form 8-K

a)       Exhibits: The following Exhibits are furnished as part of this report.
         * 99.1

b)       During the quarter for which this report is filed the Company did not
         file any reports on Form 8-K


     *   Filed herewith



                                        9