----

----

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

----

| Nevada | N/A |
|--------|-----|

| (State      or other jurisdiction of incorporation or organization) | (IRS      Employer Identification No.) |
|---------------------------------------------------------------------|----------------------------------------|

----

----

----

| China      YouTV Corp.                                                                |   |                                                                                                                                                          |   |                                                                                                                                                          |
|---------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (formerly      Admax Resources Inc.)                                                  |   |                                                                                                                                                          |   |                                                                                                                                                          |
| (A      Development Stage Company)                                                    |   |                                                                                                                                                          |   |                                                                                                                                                          |
| Balance      Sheets                                                                   |   |                                                                                                                                                          |   |                                                                                                                                                          |
|                                                                                  |   |                                                                                                                                                          |   |                                                                                                                                                          |
|                                                                                  |   |                                                                                                                                                          |   |                                                                                                                                                          |
|                                                                                  |   | December      31,                                                                                                                                             |   | June      30,                                                                                                                                                 |
| (Expressed      in U.S. Dollars)                                                      |   | 2008                                                                                                                                                          |   | 2008                                                                                                                                                          |
|                                                                                  |   | (Unaudited)                                                                                                                                                   |   | (Audited)                                                                                                                                                     |
| ASSETS                                                                                |   |                                                                                                                                                          |   |                                                                                                                                                          |
| Current      assets                                                                   |   |                                                                                                                                                          |   |                                                                                                                                                          |
|    Cash                                                                | $      |                 12,268                                                        | $      |                 24,484                                                        |
|    Prepaid      expenses                                               |   |                      460                             |   |                   2,136                                             |
|                                                                                  |   |                                                                                                                                                          |   |                                                                                                                                                          |
| Total      current assets and total assets                                            | $      |                 12,728                                                        | $      |                 26,620                                                        |
|                                                                                  |   |                                                                                                                                                          |   |                                                                                                                                                          |
| LIABILITIES                                                                           |   |                                                                                                                                                          |   |                                                                                                                                                          |
| Current      liabilities                                                              |   |                                                                                                                                                          |   |                                                                                                                                                          |
|    Accounts      payable and accrued liabilities                       | $      |                 61,733                                                        | $      |                 60,968                                                        |
|    Due      to related party                                           |   |               190,084                                                                   |   |               170,084                                                                   |
|                                                                                  |   |                                                                                                                                                          |   |                                                                                                                                                          |
| Total      current liabilities and total liabilities                                  |   |               251,817                                                                   |   |               231,052                                                                   |
|                                                                                  |   |                                                                                                                                                          |   |                                                                                                                                                          |
| STOCKHOLDERS'      EQUITY (DEFICIENCY)                                                |   |                                                                                                                                                          |   |                                                                                                                                                          |
|                                                                                  |   |                                                                                                                                                          |   |                                                                                                                                                          |
| Stockholders'      Equity (Deficiency)                                                |   |                                                                                                                                                          |   |                                                                                                                                                          |
|    Preferred      stock: $0.00001 par value;                           |   |                                                                                                                                                          |   |                                                                                                                                                          |
|    authorized      1,000,000,000 shares,                               |   |                                                                                                                                                          |   |                                                                                                                                                          |
|    issued      and outstanding 0 and 0 shares, respectively            |   |                           - |   |                           - |
|    Common      stock, $0.00001 par value;                              |   |                                                                                                                                                          |   |                                                                                                                                                          |
|    authorized      1,000,000,000 shares,                               |   |                                                                                                                                                          |   |                                                                                                                                                          |
|    issued      and outstanding 30,060,000 shares                       |   |                      301                             |   |                      301                             |
|    Additional      paid-in capital                                     |   |               681,089                                                                   |   |               681,089                                                                   |
|    Deferred      stock-based compensation                              |   |               (52,500)                                                                  |   |             (188,750)                                                                             |
|    Accumulated      deficit during the development stage               |   |             (867,979)                                                                             |   |             (697,072)                                                                             |
|                                                                                  |   |                                                                                                                                                          |   |                                                                                                                                                          |
| Total      stockholders' equity (deficiency)                                          |   |             (239,089)                                                                             |   |             (204,432)                                                                             |
|                                                                                  |   |                                                                                                                                                          |   |                                                                                                                                                          |
| Total      liabilities and stockholders' equity (deficiency)                          | $      |                 12,728                                                        | $      |                 26,620                                                        |
| (The      accompanying notes are an integral part of these financial      statements) |   |                                                                                                                                                          |

----

| China      YouTV Corp.                                                                            |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                                                                                                                                  |
|---------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (formerly      Admax Resources Inc.)                                                              |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                                                                                                                                  |
| (A      Development Stage Company)                                                                |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                                                                                                                                  |
| Statements      of Operations                                                                     |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                                                                                                                                  |
| For      the three months and six months ended December 31, 2008 and 2007 and for      the period |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                            |   |
| from      May 18, 2005 (Inception) to December 31, 2008                                           |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                                                                                                                                  |
| (Unaudited)                                                                                       |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                                                                                                                                  |
|                                                                                              |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                            |   | Cumulative                                                                                                                                                                                                                            |
|                                                                                              |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                            |   | during      the                                                                                                                                                                                                                       |
|                                                                                              |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                            |   | development                                                                                                                                                                                                                           |
|                                                                                              |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                            |   | stage      (May 18,                                                                                                                                                                                                                   |
|                                                                                              |   | Three      months ended December 31,                                                                                            |   | Six      months ended December 31,                                                                                              |   | 2005      to                                                                                                                    |
| (Expressed      in U.S. Dollars)                                                                  |   | 2008                                                                                                                            |   | 2007                                                                                                                            |   | 2008                                                                                                                            |   | 2007                                                                                                                            |   | December      31, 2008)                                                                                                                                                                                                               |
|                                                                                              |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                                                                                                                                  |
| Revenue                                                                                           | $      |                      - | $      |                      - | $      |                      - | $      |                      - | $      |                                       - |
|                                                                                              |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                                                                                                                                  |
| Expenses                                                                                          |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                                                                                                                                  |
|   General      and administrative                                                       |   |            63,096                                                        |   |          113,074                                                                   |   |          170,907                                                                   |   |          177,026                                                                   |   |                           860,507                                                                   |
|   Impairment      of mineral claim acquisition costs and                                |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                                                                                                                                  |
|   mineral      claim exploration and carrying costs                                     |   |                      - |   |                      - |   |                      - |   |                      - |   |                               7,794                                             |
|                                                                                              |   |            63,096                                                        |   |          113,074                                                                   |   |          170,907                                                                   |   |          177,026                                                                   |   |                           868,301                                                                   |
|                                                                                              |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                                                                                                                                  |
| Operating      loss                                                                               |   |           (63,096)                                                            |   |         (113,074)                                                                       |   |         (170,907)                                                                       |   |         (177,026)                                                                       |   |                         (868,301)                                                                             |
|                                                                                              |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                                                                                                                                  |
| Other      income                                                                                 |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                                                                                                                                  |
|   Interest      income                                                                  |   |                      - |   |                      - |   |                      - |   |                      - |   |                                  322                             |
|                                                                                              |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                                                                                                                                  |
| Net      loss                                                                                     | $      |           (63,096)                                                            | $      |         (113,074)                                                                       | $      |         (170,907)                                                                       | $      |         (177,026)                                                                       | $      |                         (867,979)                                                                             |
|                                                                                              |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                                                                                                                                  |
| Net      loss per share                                                                           |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                                                                                                                                  |
| Basic      and diluted                                                                            | $      |               (0.00)                                      | $      |               (0.00)                                      | $      |               (0.01)                                      | $      |               (0.01)                                      |   |                                                                                                                                                                                                                                  |
|                                                                                              |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                                                                                                                                  |
| Number      of common shares used to                                                              |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                                                                                                                                  |
| compute      loss per share                                                                       |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                                                                                                                                  |
|   Basic and      diluted                                                                |   |     30,060,000                                                                                              |   |     28,513,261                                                                                              |   |     30,060,000                                                                                              |   |     26,336,630                                                                                              |   |                                                                                                                                                                                                                                  |
|                                                                                              |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                                                                                                                                  |
| (The      accompanying notes are an integral part of these financial      statements)             |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                            |   |                                                                                                                            |

----

| China      YouTV Corp.                                                                |                                                                                                                            |                                                                                        |                                                                                                                                                    |                                                                                                                                                          |                                                                                                                                              |                                                                                                                      |
|---------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------|
| (formerly      Admax Resources Inc.)                                                  |                                                                                                                            |                                                                                        |                                                                                                                                                    |                                                                                                                                                          |                                                                                                                                              |                                                                                                                      |
| (A      Development Stage Company)                                                    |                                                                                                                            |                                                                                        |                                                                                                                                                    |                                                                                                                                                          |                                                                                                                                              |                                                                                                                      |
| Statements      of Stockholders' Equity (Deficiency)                                  |                                                                                                                            |                                                                                        |                                                                                                                                                    |                                                                                                                                                          |                                                                                                                                              |                                                                                                                      |
| For      the period May 18, 2005 (Inception) to December 31, 2008                     |                                                                                                                            |                                                                                        |                                                                                                                                                    |                                                                                                                                                          |                                                                                                                                              |
| (Unaudited)                                                                           |                                                                                                                            |                                                                                        |                                                                                                                                                    |                                                                                                                                                          |                                                                                                                                              |                                                                                                                      |
|                                                                                  |                                                                                                                            |                                                                                        |                                                                                                                                                    |                                                                                                                                                          |                                                                                                                                              |                                                                                                                      |
|                                                                                  |                                                                                                                            |                                                                                        |                                                                                                                                                    |                                                                                                                                                          |  Deficit                                                                                                                                     |                                                                                                                      |
|                                                                                  |                                                                                                                            |                                                                                        |                                                                                                                                                    |                                                                                                                                                          | Accumulated                                                                                                                                       | Total                                                                                                                     |
|                                                                                  |  Common      Stock, $0.00001                                                                                               |                                                                                        | Deferred                                                                                                                                                | During      the                                                                                                                                               | Stockholders'                                                                                                                                     |
|                                                                                  |  Par      Value                                                                                                            |  Additional                                                                            |  Stock-Based                                                                                                                                       |  Development                                                                                                                                             | Equity                                                                                                                                            |
| (Expressed      in U.S. Dollars)                                                      |  Shares                                                                                                                    |  Amount                                                                                |  paid-in      capital                                                                                                                              |  Compensation                                                                                                                                            |  Stage                                                                                                                                       | (Deficiency)                                                                                                              |
|                                                                                  |                                                                                                                            |                                                                                        |                                                                                                                                                    |                                                                                                                                                          |                                                                                                                                              |                                                                                                                      |
| Common      stock issued to two officers                                              |                                                                                                                            |                                                                                        |                                                                                                                                                    |                                                                                                                                                          |                                                                                                                                              |                                                                                                                      |
| and      directors for cash on May 19, 2005                                           |                                                                                                                            |                                                                                        |                                                                                                                                                    |                                                                                                                                                          |                                                                                                                                              |                                                                                                                      |
| at      a price of $0.000001 per share                                                |     10,000,000                                                                                              |  $       100                                        |  $                  (90)                                 |  $                       -            |  $                     -            |  $               10                       |
|                                                                                  |                                                                                                                            |                                                                                        |                                                                                                                                                    |                                                                                                                                                          |                                                                                                                                              |                                                                                                                      |
| Net      loss for the period ended June 30, 2005                                      |                      - |                - |                          - |                           - |              (14,936)                                                            |          (14,936)                                                            |
|                                                                                  |                                                                                                                            |                                                                                        |                                                                                                                                                    |                                                                                                                                                          |                                                                                                                                              |                                                                                                                      |
| Balance,      June 30, 2005                                                           |     10,000,000                                                                                              |           100                             |                      (90)                      |                           - |              (14,936)                                                            |          (14,926)                                                            |
|                                                                                  |                                                                                                                            |                                                                                        |                                                                                                                                                    |                                                                                                                                                          |                                                                                                                                              |                                                                                                                      |
| Common      stock issued for cash                                                     |                                                                                                                            |                                                                                        |                                                                                                                                                    |                                                                                                                                                          |                                                                                                                                              |                                                                                                                      |
| on      September 29, 2005 at a price of                                              |                                                                                                                            |                                                                                        |                                                                                                                                                    |                                                                                                                                                          |                                                                                                                                              |                                                                                                                      |
| $0.0025      per share                                                                |     13,800,000                                                                                              |           138                             |                 34,362                                                  |                           - |                         - |            34,500                                                  |
|                                                                                  |                                                                                                                            |                                                                                        |                                                                                                                                                    |                                                                                                                                                          |                                                                                                                                              |                                                                                                                      |
| Net      loss for the year ended June 30, 2006                                        |                      - |                - |                          - |                           - |              (27,540)                                                            |          (27,540)                                                            |
|                                                                                  |                                                                                                                            |                                                                                        |                                                                                                                                                    |                                                                                                                                                          |                                                                                                                                              |                                                                                                                      |
| Balance,      June 30, 2006                                                           |     23,800,000                                                                                              |           238                             |                 34,272                                                  |                           - |              (42,476)                                                            |            (7,966)                                                 |
|                                                                                  |                                                                                                                            |                                                                                        |                                                                                                                                                    |                                                                                                                                                          |                                                                                                                                              |                                                                                                                      |
| Common      stock contracted on March 10,                                             |                                                                                                                            |                                                                                        |                                                                                                                                                    |                                                                                                                                                          |                                                                                                                                              |                                                                                                                      |
| 2007      to be issued for services to be rendered                                    |                                                                                                                            |                                                                                        |                                                                                                                                                    |                                                                                                                                                          |                                                                                                                                              |                                                                                                                      |
| from      April 1, 2007 to September 30, 2008                                         |                                                                                                                            |                                                                                        |                                                                                                                                                    |                                                                                                                                                          |                                                                                                                                              |                                                                                                                      |
| (issued      on July 1, 2007)                                                         |          250,000                                                                   |               3       |               187,497                                                             |             (187,500)                                                                             |                         - |                     - |
|                                                                                  |                                                                                                                            |                                                                                        |                                                                                                                                                    |                                                                                                                                                          |                                                                                                                                              |                                                                                                                      |
| Common      stock issued on June 22, 2007 for                                         |                                                                                                                            |                                                                                        |                                                                                                                                                    |                                                                                                                                                          |                                                                                                                                              |                                                                                                                      |
| consulting      services rendered                                                     |          100,000                                                                   |               1       |                 44,679                                                  |                           - |                         - |            44,680                                                  |
|                                                                                  |                                                                                                                            |                                                                                        |                                                                                                                                                    |                                                                                                                                                          |                                                                                                                                              |                                                                                                                      |
| Common      stock issued on June 22, 2007 for                                         |                                                                                                                            |                                                                                        |                                                                                                                                                    |                                                                                                                                                          |                                                                                                                                              |                                                                                                                      |
| legal      services rendered                                                          |            10,000                                                        |                - |                   4,500                                       |                           - |                         - |              4,500                                       |
|                                                                                  |                                                                                                                            |                                                                                        |                                                                                                                                                    |                                                                                                                                                          |                                                                                                                                              |                                                                                                                      |
| Amortization      of stock-based compensation                                         |                      - |                - |                          - |                 31,250                                                        |                         - |            31,250                                                  |
|                                                                                  |                                                                                                                            |                                                                                        |                                                                                                                                                    |                                                                                                                                                          |                                                                                                                                              |                                                                                                                      |
| Net      loss for the year ended June 30, 2007                                        |                      - |                - |                          - |                                                                                                                                                          |            (161,753)                                                                       |        (161,753)                                                                       |
|                                                                                  |                                                                                                                            |                                                                                        |                                                                                                                                                    |                                                                                                                                                          |                                                                                                                                              |                                                                                                                      |
|                                                                                  |                                                                                                                            |                                                                                        |                                                                                                                                                    |                                                                                                                                                          |                                                                                                                                              |                                                                                                                      |
| Balance,      June 30, 2007                                                           |     24,160,000                                                                                              |           242                             |               270,948                                                             |             (156,250)                                                                             |            (204,229)                                                                       |          (89,289)                                                            |
|                                                                                  |                                                                                                                            |                                                                                        |                                                                                                                                                    |                                                                                                                                                          |                                                                                                                                              |                                                                                                                      |
| Common      stock issued on October 1, 2007 for                                       |                                                                                                                            |                                                                                        |                                                                                                                                                    |                                                                                                                                                          |                                                                                                                                              |                                                                                                                      |
| services      to be rendered from October 1, 2007                                     |                                                                                                                            |                                                                                        |                                                                                                                                                    |                                                                                                                                                          |                                                                                                                                              |                                                                                                                      |
| to      March 31, 2009                                                                |       4,500,000                                                                                   |             45                  |               314,955                                                             |             (315,000)                                                                             |                         - |                     - |
|                                                                                  |                                                                                                                            |                                                                                        |                                                                                                                                                    |                                                                                                                                                          |                                                                                                                                              |                                                                                                                      |
| Common      stock issued on March 4, 2008 for                                         |                                                                                                                            |                                                                                        |                                                                                                                                                    |                                                                                                                                                          |                                                                                                                                              |                                                                                                                      |
| investor      relations services to be rendered                                       |                                                                                                                            |                                                                                        |                                                                                                                                                    |                                                                                                                                                          |                                                                                                                                              |                                                                                                                      |
| from      March 1, 2008 to May 31, 2008                                               |       1,400,000                                                                                   |             14                  |                 95,186                                                  |               (95,200)                                                                  |                         - |                     - |
|                                                                                  |                                                                                                                            |                                                                                        |                                                                                                                                                    |                                                                                                                                                          |                                                                                                                                              |                                                                                                                      |
| Amortization      of stock-based compensation                                         |                      - |                - |                          - |               377,700                                                                   |                         - |          377,700                                                             |
|                                                                                  |                                                                                                                            |                                                                                        |                                                                                                                                                    |                                                                                                                                                          |                                                                                                                                              |                                                                                                                      |
| Net      loss for the year ended June 30, 2008                                        |                      - |                - |                          - |                           - |            (492,843)                                                                       |        (492,843)                                                                       |
|                                                                                  |                                                                                                                            |                                                                                        |                                                                                                                                                    |                                                                                                                                                          |                                                                                                                                              |                                                                                                                      |
|                                                                                  |                                                                                                                            |                                                                                        |                                                                                                                                                    |                                                                                                                                                          |                                                                                                                                              |                                                                                                                      |
| Balance,      June 30, 2008                                                           |     30,060,000                                                                                              |           301                             |               681,089                                                             |             (188,750)                                                                             |            (697,072)                                                                       |        (204,432)                                                                       |
|                                                                                  |                                                                                                                            |                                                                                        |                                                                                                                                                    |                                                                                                                                                          |                                                                                                                                              |                                                                                                                      |
| Amortization      of stock-based compensation                                         |                      - |                - |                          - |               136,250                                                                   |                         - |          136,250                                                             |
|                                                                                  |                                                                                                                            |                                                                                        |                                                                                                                                                    |                                                                                                                                                          |                                                                                                                                              |                                                                                                                      |
| Net      loss for the six months ended                                                |                                                                                                                            |                                                                                        |                                                                                                                                                    |                                                                                                                                                          |                                                                                                                                              |                                                                                                                      |
| December      31, 2008                                                                |                      - |                - |                          - |                           - |            (170,907)                                                                       |        (170,907)                                                                       |
|                                                                                  |                                                                                                                            |                                                                                        |                                                                                                                                                    |                                                                                                                                                          |                                                                                                                                              |                                                                                                                      |
|                                                                                  |                                                                                                                            |                                                                                        |                                                                                                                                                    |                                                                                                                                                          |                                                                                                                                              |                                                                                                                      |
| Balance,      December 31, 2008                                                       |     30,060,000                                                                                              |  $       301                                        |  $           681,089                                                                        |  $           (52,500)                                                                             |  $        (867,979)                                                                                  |  $    (239,089)                                                                                  |
| (The      accompanying notes are an integral part of these financial      statements) |                                                                                                                            |                                                                                        |                                                                                                                                                    |                                                                                                                                                          |                                                                                                                                              |

----

| China      YouTV Corp.                                                                 |    |                                                                                                    |    |                                                                                                    |    |                                                                                                                                                                                                                                              |
|----------------------------------------------------------------------------------------|---------|---------------------------------------------------------------------------------------------------------|---------|---------------------------------------------------------------------------------------------------------|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (formerly      Admax Resources Inc.)                                                   |    |                                                                                                    |    |                                                                                                    |    |                                                                                                                                                                                                                                              |
| (A      Development Stage Company)                                                     |    |                                                                                                    |    |                                                                                                    |    |                                                                                                                                                                                                                                              |
| Statements      of Cash Flows                                                          |    |                                                                                                    |    |                                                                                                    |    |                                                                                                                                                                                                                                              |
| For      the six months ended December 31, 2008 and 2007 and for the      period       |    |                                                                                                    |    |                                                                                                    |    |                                                                                                                                                                                                                                              |
| from      May 18 (Inception) to December 31, 2008                                      |    |                                                                                                    |    |                                                                                                    |    |                                                                                                                                                                                                                                              |
| (Unaudited)                                                                            |    |                                                                                                    |    |                                                                                                    |    |                                                                                                                                                                                                                                              |
|                                                                                   |    |                                                                                                    |    |                                                                                                    |    |                                                                                                                                                                                                                                              |
|                                                                                   |    |                                                                                                    |    |                                                                                                    |    |  Cumulative                                                                                                                                                                                                                                  |
|                                                                                   |    |                                                                                                    |    |                                                                                                    |    |  during      the                                                                                                                                                                                                                             |
|                                                                                   |    |                                                                                                    |    |                                                                                                    |    |  development                                                                                                                                                                                                                                 |
|                                                                                   |    |                                                                                                    |    |                                                                                                    |    |  stage      (May 18,                                                                                                                                                                                                                         |
|                                                                                   |    |  Six      months ended December 31,                                                                |    |  2005      to                                                                                      |
| (Expressed      in U.S. Dollars)                                                       |    |  2008                                                                                              |    |  2007                                                                                              |    |  December      31, 2008)                                                                                                                                                                                                                     |
|                                                                                   |    |                                                                                                    |    |                                                                                                    |    |                                                                                                                                                                                                                                              |
| Cash      flows from (used in) operating activities                                    |    |                                                                                                    |    |                                                                                                    |    |                                                                                                                                                                                                                                              |
|    Net      loss for the period                                         |  $ |    (170,907)                                                                             |  $ |    (177,026)                                                                             |  $ |                            (867,979)                                                                       |
|    Adjustments      to reconcile net income (loss) to net cash used for |    |                                                                                                    |    |                                                                                                    |    |                                                                                                                                                                                                                                              |
|    operating      activities:                                           |    |                                                                                                    |    |                                                                                                    |    |                                                                                                                                                                                                                                              |
|      Impairment      of mineral property costs                |    |                  - |    |                  - |    |                                  6,033                                       |
|      Stock-based      compensation                            |    |      136,250                                                                   |    |      115,000                                                                   |    |                              594,380                                                             |
|    Changes      in operating assets and liabilities:                    |    |                                                                                                    |    |                                                                                                    |    |                                                                                                                                                                                                                                              |
|       Prepaid      expenses                              |    |          1,676                                             |    |        (4,218)                                                       |    |                                   (460)                                 |
|       Accounts      payable and accrued liabilities      |    |             765                             |    |          6,916                                             |    |                                61,733                                                  |
| Net      cash used for operating activities                                            |    |      (32,216)                                                                  |    |      (59,328)                                                                  |    |                            (206,293)                                                                       |
|                                                                                   |    |                                                                                                    |    |                                                                                                    |    |                                                                                                                                                                                                                                              |
| Cash      flows from (used in) investing activities                                    |    |                                                                                                    |    |                                                                                                    |    |                                                                                                                                                                                                                                              |
|   Mineral      claim acquisition costs incurred                              |    |                  - |    |                  - |    |                                (6,033)                                                 |
| Cash      flows from (used in) investing activities                                    |    |                  - |    |                  - |    |                                (6,033)                                                 |
|                                                                                   |    |                                                                                                    |    |                                                                                                    |    |                                                                                                                                                                                                                                              |
| Cash      flows from (used in) financing activities                                    |    |                                                                                                    |    |                                                                                                    |    |                                                                                                                                                                                                                                              |
|   Loans      from related party                                              |    |        20,000                                                        |    |        82,964                                                        |    |                              190,084                                                             |
|   Proceeds      from sales of common stock                                   |    |                  - |    |                  - |    |                                34,510                                                  |
| Net      cash provided by financing activities                                         |    |        20,000                                                        |    |        82,964                                                        |    |                              224,594                                                             |
|                                                                                   |    |                                                                                                    |    |                                                                                                    |    |                                                                                                                                                                                                                                              |
| Increase      (decrease) in cash                                                       |    |      (12,216)                                                                  |    |        23,636                                                        |    |                                12,268                                                  |
|                                                                                   |    |                                                                                                    |    |                                                                                                    |    |                                                                                                                                                                                                                                              |
| Cash,      beginning of period                                                         |    |        24,484                                                        |    |          7,922                                             |    |                                         - |
| Cash,      end of period                                                               |  $ |        12,268                                                        |  $ |        31,558                                                        |  $ |                                12,268                                                  |
|                                                                                   |    |                                                                                                    |    |                                                                                                    |    |                                                                                                                                                                                                                                              |
|                                                                                   |    |                                                                                                    |    |                                                                                                    |    |                                                                                                                                                                                                                                              |
| Supplemental      disclosure of cash flow information:                                 |    |                                                                                                    |    |                                                                                                    |    |                                                                                                                                                                                                                                              |
|     Interest      paid                                             |  $ |                  - |  $ |               38                  |  $ |                                         - |
|     Income      tax paid                                           |  $ |                  - |  $ |                  - |  $ |                                         - |
| (The      accompanying notes are an integral part of these financial      statements)  |    |                                                                                                    |    |                                                                                                    |    |                                                                                                                                                                                                                                              |

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|                                 | December      31,                                                                                  | June      30,                                                                                      |
|--------------------------------------|----------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------|
|                                 | 2008                                                                                               | 2008                                                                                               |
| Net      operating loss carryforward |  $    146,292                                                             |  $    134,163                                                             |
| Less      valuation allowance        |      (146,292)                                                            |      (134,163)                                                            |
| Net                                  |  $               - |  $               - |

|                                        | Six      months ended                                                      |
|---------------------------------------------|----------------------------------------------------------------------------|
|                                        | December      31,                                                          |
|                                        | 2008                                                                       | 2007 |
| Expected      tax at 35%                    |  $      (59,818)                                                      |  $      (61,959) |
| Nondeductible      stock-based compensation |      47,688                                       |      40,250 |
| Change      in valuation allowance          |      12,130                                       |      21,709 |
| Actual      provision for income taxes      |  $           - |  $           - |

----

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| - | Launched      a video site of CCTV TV program Exploring High and Low;   |
|---|-------------------------------------------------------------------------|
| - | Launched      value-added travel services together with  ManGocity.com. |

| - | Sulake      Corporation Ltd. (HABBO) to host HABBO Original DV Shorts Contest on      CnBoo; |
|---|----------------------------------------------------------------------------------------------|
| - | VVSky      Broadband Media Group to acquire short video programs to feature on      CnBoo;   |

| - | Beijing      TaiDe Interactive Technology Co. Ltd. to cooperate on video sharing      contents;           |
|---|----------------------------------------------------------------------------------------------------------------|
| - | Beijing      SiHaiDongXing Culture and Media Ltd. to develop online videos for      high-speed internet users; |

| - | Youyi      Chunqiu Network Technology Ltd. Co. to promote online game on      CnBoo;                              |
|---|------------------------------------------------------------------------------------------------------------------------|
| - | Asia      Media Group to promote Creative Tube Global Awards of Chinese New Media      Creative Tube Contest on CnBoo; |

| - | Hangzhou      Julian Technology Co., Ltd. to jointly host a Video Creativity Competition      on CnBoo.  |
|---|---------------------------------------------------------------------------------------------------------------|
| - | Beijing      Zhide Diankang E-Business Co. Ltd. (Zhide) to exchange online video      resources.              |

| - | Beijing      Melting Point Ark Cultural Development Co., Ltd to promote its published      albums. |
|---|----------------------------------------------------------------------------------------------------|
| - | Music      Nation Records Company Ltd. to use its audio and video files on      CnBoo;             |

| - | Shanghai      Yue Sheng Information Technology Co., Ltd. to launch an exclusive music      shopping channel on CnBoo;           |
|---|--------------------------------------------------------------------------------------------------------------------------------------|
| - | Beijing      Da Sheng Chang Xiang Culture Broadcasting Co., Ltd. to promote an album of      Chinese pop star Zhang Bo Hong onCnBoo; |

| - | Beijing      Baiyi Xingtu Culture Co., Ltd and Beijing Bermu Culture Development Co.,      Ltd to launch online streaming service on CnBoo;  |
|---|---------------------------------------------------------------------------------------------------------------------------------------------------|
| - | Beijing      Tianyu Brothers Information Technology Co., Ltd. to enhance the online      content of CnBoo new music channel;                      |

| - | Beijing      Feixingzhe Records Co., Ltd and Beijing Dasheng Xianzhi Culture Co., Ltd      to legally broadcast new songs on CnBoo抯 Music      Channel; |
|---|----------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Beijing      Megadia Company to host Humor channel onCnBoo; |
|--------|-------------------------------------------------------------|

| - | Unlimited      Chance Technology Development Co., Ltd. to share and exchange advertising      resources;  |
|---|----------------------------------------------------------------------------------------------------------------|
| - | Shen      Zhou Yipin Advertising Co., Ltd. to promote CnBoo on    trains.                                      |

| - | Cai      Hua Media AD Ltd. to explore innovative financing      opportunities. |
|---|--------------------------------------------------------------------------------|

| - | 21Century      Network Co.: signed a cooperation and revenue sharing agreement for      Special DV Shorts channel on Vnet;  |
|---|----------------------------------------------------------------------------------------------------------------------------------|
| - | TianWeiYuanChang      Co.: HuaJu is entitled to 70% of the profit from online advertisements      with TianWei content;          |

| - | Beijing      Jiahe Interactive Network Technology Co., Ltd.: Both parties work together      to launch a new category Video House on CnBoo. HuaJu will be entitled to      40% of revenue generated from the advertisements;  |
|---|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| - | Shanghai      Vekee Advertising Co. Ltd.: signed a long-term revenue based contract to      distribute advertisements on CnBoo;                                                                                                    |

| 1.      Cooperation with Gome: The Company signed a contract with Gome to use its      publicizing platform to promote CnBoo and 3G digital space cards,      meanwhile the Original DV contest will be hosted in Gome selected stores      during major Chinese holiday.                                                                                               |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 2.      Cooperation with Z-CARD UK: The Company has been officially appointed as      the first agent for Z-CARD advertisements of major consumer sectors in      Greater China.                                                                                                                                                                                        |
| 3.      Cooperation with APEPCY (AIDS Prevention Education Project for Chinese      Youth): The Company was exclusively authorized by APEPCY to negotiate with      media operators using LED displays with respect to the cooperation issues      concerned. If the Company successfully locates media operators, all LED      displays will have CnBoo's logo onthem. |

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| 31.1 | Rule 13a-14(a)/15d-14(a)      Certifications of James Wei, President and Principal Executive Officer.                                   |
|------|-----------------------------------------------------------------------------------------------------------------------------------------|
| 31.2 | Rule 13a-14(a)/15d-14(a)      Certifications of Jie Wang, Principal Financial Officer, Principal      Accounting Officer and Treasurer. |
| 32.1 | Section 1350      Certifications of James Wei.                                                                                          |
| 32.2 | Section 1350      Certifications of JieWang.                                                                                            |

| February      17, 2009 | /s/James Wei                                                 |
|------------------------|--------------------------------------------------------------|
|                   | James      Wei                                               |
|                   | President      & Chief      Executive Officer  |
| February      17, 2009 | /s/Jie Wang                                                  |
|                   | Jie      Wang                                                |
|                   | Chief      Financial Officer                                 |

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