MICROELECTRONICS TECHNOLOGY COMPANY    FORM 10-Q (Quarterly Report)   Filed  02/14/11 for the Period Ending 12/31/10


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| | Address     |  | 1702 ChinaChem Tower,
34  37 Connaught Road,
Central, Hong Kong, China.
| | Telephone   |  | (888) 777-8777                                                          
| | CIK         |  | 0001329136                                                              
| | Symbol      |  | MELY                                                                    
| | SIC Code    |  | 1000  Metal Mining                                                     
| | Industry    |  | Gold & Silver                                                           
| | Sector      |  | Basic Materials                                                         
| | Fiscal Year |  | 06/30                                                                   
| |             |  |                                                                         

Page 1 of 26  UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549  FORM 10-Q  (X) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the quarterly period ended December 31, 2010.  OR  ( ) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the transition period from __________ to ___________  Commission File Number : 333-130767  MICROELECTRONICS TECHNOLOGY COMPANY (formerly CHINA YOUTV CORP.) (Exact name of registrant as specified in its charter)  Nevada N/A (State or other jurisdiction (IRS Employer of incorporation or organization) Identification No.)  1702 ChinaChem Tower, 34-37 Connaught Road, Central, Hong Kong, China (Address of principal executive offices, including zip code)  888-777-8777 (Registrants telephone number, including area code)  Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ( X )  No (  )  Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted  Page 2 of 26  and posted pursuant to Rule 405 of Regulation S-T ( 232.405 of this chapter ) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).  Yes (   )   No (   )  Indicate by check if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrants knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-Q or any amendment to this Form 10-Q. ( X )  Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a not-accelerated filer, or a smaller reporting company. See the definitions of large accelerated filer, accelerated filer and smaller reporting company in Rule 12b-2 of the Exchange Act.  Large accelerated filer  (  ) Accelerated filer (  )  Non-accelerated filer (  ) Smaller reporting company (X)  Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes (  )   No ( X )   At February 14, 2011, the Company had outstanding of 54,133,345 shares of Common Stock, $0.00001 par value per share.                  Page 3 of 26   MICROELECTRONICS TECHNOLOGY COMPANY FORM 10-Q For the Period Ended December 31, 2010 TABLE OF CONTENTS   PART I FINANCIAL INFORMATION Pages  Item 1. Financial Statements  .......... 6 - 15  Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations.......... 16 - 17  Item 3. Quantitative and Qualitative Disclosures about Market Risk.... 17  Item 4T. Controls and Procedures........... 17  PART II  Item 1. Legal Proceedings................  18  Item 1A. Risk Factors............ 18  Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.. 18-19  Item 3. Defaults Upon Senior Securities......... 19  Item 4. Submission of Matters to a Vote of Security Holders... 19  Item 5. Other Information......... 19  Item 6. Exhibits and Signatures...... 19 - 26               Page 4 of 26       Part 1. Item 1. Financial Statements  MICROELECTRONICS TECHNOLOGY COMPANY   Page No.  Balance Sheets as at December 31, 2010 and June 30, 2010 7  Statements of Operations for the three months ended December 31, 2010 and 2009; six months ended December 31, 2010 and 2009; and for the period May 18, 2005 (Inception) to December 31, 2010 8  Statements of Cash Flows for the six months ended December 31, 2010 and 2009 and for the period May 18, 2005 (Inception) to December 31, 2010 9  Notes to Financial Statements 10 - 15                      Page 5 of 26             MICROELECTRONICS TECHNOLOGY COMPANY  (A Development Stage Company)  FINANCIAL STATEMENTS  December 31, 2010  (Expressed in US Dollars)  (Unaudited)                          Page 6 of 26


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|Microelectronics Technology Company                                        |   |             |   |            
|(A Development Stage Company)                                              |   |             |   |            
|Balance Sheets                                                             |   |             |   |            
|(Expressed in US Dollars )                                                 |   |             |   |            
|                                                                           |   |             |   |            
|                                                                           |   | Dec.31,     |   | June 30,   
|                                                                           |   | 2010        |   | 2010       
|                                                                           |   | (Unaudited) |   |            
|Current Assets                                                             |   |             |   |            
|Cash                                                                       | $ | 584         | $ | 47         
|Accounts receivable                                                        |   | 386         |   | 386        
|Prepaid expenses                                                           |   | 668         |   | -          
|Total current assets                                                       |   | 1,638       |   | 433        
|Mineral claims acquisition costs (Note 3)                                  |   | 124,912     |   | 124,912    
|Total assets                                                               |   | 126,550     |   | 125,345    
|                                                                           |   |             |   |            
|Liabilities and stockholders' deficit                                      |   |             |   |            
|Current Liabilities                                                        |   |             |   |            
|Accounts payable                                                           | $ | 43,046      | $ | 38,881     
|Accrued liabilities                                                        |   | 2,800       |   | 3,360      
|Due to related parties (Note 4)                                            |   | 54,935      |   | 25,220     
|Due to former related party (Note 5)                                       |   | 190,084     |   | 190,084    
|Total liabilities                                                          |   | 290,865     |   | 257,545    
|                                                                           |   |             |   |            
|Contingency and Commitment (Notes 1 and 4)                                 |   |             |   |            
|                                                                           |   |             |   |            
|Stockholders' deficit                                                      |   |             |   |            
|Preferred stock, $0.00001 par value: (Note 7)                              |   |             |   |            
|Authorized 200,000,000 shares                                              |   |             |   |            
|Issued and outstanding, 110,000 (nil-June 30, 2009)                        | $ | 1           | $ | 1          
|Common stock, $0.00001 par value: (Note 7)                                 |   |             |   |            
|Authorized 200,000,000 shares                                              |   |             |   |            
|Issued and outstanding, 54,133,345 and                                     |   |             |   |            
|100,060 shares, respectively                                               |   | 541         |   | 541        
|Additional paid-in capital                                                 |   | 1,035,080   |   | 1,035,080  
|Subscription notes receivable                                              |   | (38,400)    |   | (38,400)   
|Accumulated deficit                                                        |   | (1,161,537) |   | (1,129,422)
|Total stockholders' deficit                                                |   | (164,315)   |   | (132,200)  
|Total liabilities and stockholders' deficit                                | $ | 126,550     | $ | 125,345    
|                                                                           |   |             |   |            
|The accompanying notes are an integral part of these financial statements.
|                                                                           |   |             |   |            

Page 7 of 26


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|Microelectronics Technology Company                                       |   |                  |   |                  |   |                |   |           |   |              
|(A Development Stage Company)                                             |   |                  |   |                  |   |                |   |           |   |              
|Statements of Operations                                                  |   |                  |   |                  |   |                |   |           |   |              
|(Expressed in US Dollars )                                                |   |                  |   |                  |   |                |   |           |   |              
|(Unaudited)                                                               |   |                  |   |                  |   |                |   |           |   |              
|                                                                          |   |                  |   |                  |   |                |   |           |   | Accumulated  
|                                                                          |   |                  |   |                  |   |                |   |           |   | during the   
|                                                                          |   |                  |   |                  |   |                |   |           |   | development  
|                                                                          |   | For the 3 months |   | For the 6 months |   | stage (May 18,
|                                                                          |   | Ended Dec.31,    |   | ended Dec. 31,   |   | 2005 to       
|                                                                          |   | 2010             |   | 2009             |   | 2010           |   | 2009      |   | Dec. 31, 2010
|                                                                          |   |                  |   |                  |   |                |   |           |   |              
|Revenue                                                                   | $ |                  | $ |                  | $ | -              | $ | -         | $ | -            
|                                                                          |   |                  |   |                  |   |                |   |           |   |              
|Expenses                                                                  |   |                  |   |                  |   |                |   |           |   |              
|General and administrative                                                |   | 11,167           |   | 21,235           |   | 32,115         |   | 24,975    |   | 1,154,065    
|Impairment of mineral property costs                                      |   | -                |   | -                |   | -              |   | -         |   | 7,794        
|Total operating expenses                                                  | $ | 11,167           | $ | 21,235           | $ | 32,115         | $ | 24,975    | $ | 1,161,859    
|Loss before other income                                                  |   | (11,167)         |   | (21,235)         |   | (32,115)       |   | (24,975)  |   | (1,161,859)  
|                                                                          |   |                  |   |                  |   |                |   |           |   |              
|Other income                                                              |   |                  |   |                  |   |                |   |           |   |              
|Interest income                                                           |   | -                |   | -                |   | -              |   | -         |   | 322          
|Net loss                                                                  | $ | (11,167)         | $ | (21,235)         | $ | (32,115)       | $ | (24,975)  | $ | (1,161,537)  
|                                                                          |   |                  |   |                  |   |                |   |           |   |              
|Net loss per common share                                                 |   |                  |   |                  |   |                |   |           |   |              
|- Basic and diluted                                                       | $ | (0.00)           | $ | (0.00)           | $ | (0.00)         | $ | (0.01)    |   |              
|                                                                          |   |                  |   |                  |   |                |   |           |   |              
|Weighted average number                                                   |   |                  |   |                  |   |                |   |           |   |              
|of common shares outstanding                                              |   | 54,133,000       |   | 5,923,973        |   | 54,133,000     |   | 3,012,017 |   |              
|                                                                          |   |                  |   |                  |   |                |   |           |   |              
|                                                                          |   |                  |   |                  |   |                |   |           |   |              
|                                                                          |   |                  |   |                  |   |                |   |           |   |              
|                                                                          |   |                  |   |                  |   |                |   |           |   |              
|The accompanying notes are an integral part of these financial statements |   |                  |   |                 

Page 8 of 26


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|Microelectronics Technology Company                                        |   |                    |   |                |   |               
|(A Development Stage Company)                                              |   |                    |   |                |   |               
|Statements Of Cash Flows                                                   |   |                    |   |                |   |               
|(Expressed in US Dollars )                                                 |   |                    |   |                |   |               
|(Unaudited)                                                                |   |                    |   |                |   |               
|                                                                           |   |                    |   |                |   | Cumulative    
|                                                                           |   |                    |   |                |   | during the    
|                                                                           |   |                    |   |                |   | development   
|                                                                           |   | For the six months |   | stage (May 18,
|                                                                           |   | ended Dec.31,      |   | 2005 to       
|                                                                           |   | 2010               |   | 2009           |   | Dec. 31, 2010)
|                                                                           |   |                    |   |                |   |               
|Cash Flows (Used In) Provided By :                                         |   |                    |   |                |   |               
|Operating Activities                                                       |   |                    |   |                |   |               
|Net Loss                                                                   | $ | (32,115)           | $ | (24,975)       | $ | (1,161,537)   
|Adjustments to reconcile net loss to net cash used                         |   |                    |   |                |   |               
|in operating activities:                                                   |   |                    |   |                |   |               
|Impairment of mineral property costs                                       |   | -                  |   | -              |   | 6,033         
|Stock-based compensation                                                   |   | -                  |   | -              |   | 796,880       
|Changes in operating assets and liabilities:                               |   |                    |   |                |   |               
|Prepaid expenses                                                           |   | (668)              |   | -              |   | (668)         
|Accounts receivable                                                        |   | -                  |   | -              |   | (386)         
|Due to related parties                                                     |   | 29,715             |   | 24,182         |   | 54,935        
|Accounts payable and accrued liabilities                                   |   | 3,605              |   | 3,106          |   | 34,934        
|Net cash used in operating activities                                      |   | 537                |   | 2,313          |   | (269,809)     
|Investing Activities                                                       |   |                    |   |                |   |               
|Mineral claim acquisition costs incurred                                   |   | -                  |   | -              |   | (6,033)       
|Net cash used in investing activities                                      |   | -                  |   | -              |   | (6,033)       
|Financing Activities                                                       |   |                    |   |                |   |               
|Loans from former related party                                            |   | -                  |   | -              |   | 190,084       
|Proceeds from sales of preferred stock                                     |   | -                  |   | -              |   | 1,100         
|Proceeds from sales of common stock                                        |   | -                  |   | -              |   | 85,242        
|Net cash provided by financing activities                                  |   | -                  |   | -              |   | 276,426       
|Increase/(Decrease) in Cash                                                |   | 537                |   | 2,313          |   | 584           
|Cash, beginning                                                            |   | 47                 |   | 299            |   | -             
|Cash, ending                                                               | $ | 584                | $ | 2,612          | $ | 584           
|Supplemental disclosure of cash flow information:                          |   |                    |   |                |   |               
|Interest paid                                                              | $ | -                  | $ | -              | $ | -             
|Income tax paid                                                            | $ | -                  | $ | -              | $ | -             
|                                                                           |   |                    |   |                |   |               
|                                                                           |   |                    |   |                |   |               
|Noncash investing and financing activities:                                |   |                    |   |                |   |               
|Acquisition of mineral claims in exchange                                  |   |                    |   |                |   |               
|for 55,000 shares of common stock and assumption                           |   |                    |   |                |   |               
|of $10,912 account payable                                                 | $ | -                  | $ | -              | $ | 124,912       
|Common shares issued for debt settlement                                   | $ | -                  |   | -              | $ | 10,132        
|                                                                           |   |                    |   |                |   |               
|The accompanying notes are an integral part of these financial statements. |   |                    |   |               

Page 9 of 26    Microelectronics Technology Company (A Development Stage Company) Notes to Financial Statements as of December 31, 2010 (Expressed in US Dollars) (Unaudited)  Note 1  Nature of Operations and Continuance of Business  Microelectronics Technology Company (the Company) was incorporated in the State of Nevada on May 18, 2005 under the name Admax Resources Inc., which name was changed on February 9, 2007 to China YouTV Corp. and then to Microelectronics Technology Company on August 31, 2009.  From May 18, 2005 to present, the Companys business operations were limited to the acquisition and evaluation of mineral claims and the evaluation of electronic media ventures.  The Company is in the development stage and has not generated any revenue and has incurred losses of $1,161,537 since inception. At December 31, 2010, the Company had $584 cash and $290,865 in current liabilities. Further, the Company incurred a loss of $11,167 for the quarter ended December 31, 2010. In view of these conditions, the ability of the Company to continue as a going concern is in substantial doubt and dependent upon achieving a profitable level of operations and on the ability of the Company to obtain necessary financing to fund ongoing operations. To meet these objectives, the Company continues to seek other sources of financing in order to support existing operations and expand the range and scope of its business. However, there are no assurances that any such financing can be obtained on acceptable terms, if at all. These financial statements do not give effect to any adjustments which would be necessary should the Company be unable to continue as a going concern.  Note 2 - Summary of Significant Accounting Policies  a) Basis of Presentation The interim unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and with the instructions on Securities and Exchange Commission ("SEC") Form 10-Q.  They do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements.  Therefore, these financial statements should be read in conjunction with the Company's audited consolidated financial statements and notes thereto for the year ended June 30, 2010, included in the Company's Annual Report on Form 10-K filed with the SEC. The financial statements included herein are unaudited; however, they contain all normal recurring accruals and adjustments that, in the opinion of management, are necessary to present fairly the Company's financial position at December 31, 2010 and June 30, 2010, and the results of its operations and cash flows for the three and six months ended December 31, 2010 and 2009.  The results of operations for the three and six months ended December 31, 2010 are not necessarily indicative of the results to be expected for future quarters or the full year.  b) Use of Estimates The preparation of these financial statements in conformity with US generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The Company regularly evaluates estimates and assumptions related to stock-based compensation and deferred income tax valuations. The Company bases its estimates and assumptions on current facts, historical experience and various other factors    Page 10 of 26    Microelectronics Technology Company (A Development Stage Company) Notes to Financial Statements as of December 31, 2010 (Expressed in US Dollars) (Unaudited) ______________________________________________________  Note 2 - Summary of Significant Accounting Policies(continued) that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Companys estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.  c) Basic and Diluted Earnings (Loss) Per Share The Company computes earnings (loss) per share in accordance with ASC 260, Earnings per Share which requires presentation of both basic and diluted earnings per share (EPS) on the face of the income statement. Basic EPS is computed by dividing net income (loss) available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all potentially dilutive shares if their effect is anti dilutive.  d) Comprehensive Loss ASC 220, Comprehensive Income establishes standards for the reporting and display of comprehensive loss and its components in the financial statements. As at December 31, 2010 and 2009, the Company had no items that represent other comprehensive loss, and therefore has not included a schedule of comprehensive loss in the consolidated financial statements.  e) Cash and Cash Equivalents The Company considers all highly liquid instruments with maturity of three months or less at the time of issuance to be cash equivalents.  f) Financial Instruments The Companys financial instruments consist principally of cash, accounts receivable, accounts payable, due to related parties and due to former related party. Pursuant to ASC 820, Fair Value Measurements and Disclosures, and ASC 825, Financial Instruments the fair value of the Companys cash equivalents is determined based on Level 1 inputs, which consist of quoted prices in active markets for identical assets. The Company believes that the recorded values of all of the Companys other financial instruments approximate their current fair values because of their nature or respective relatively short maturity dates. The Companys operations are in Canada, which results in exposure to market risks from changes in foreign currency rates. The financial risk is the risk to the Companys operations that arise from fluctuations in foreign exchange rates and the degree of volatility of these rates. Currently, the Company does not use derivative instruments to reduce its exposure to foreign currency risk.   Page 11 of 26   Microelectronics Technology Company (A Development Stage Company) Notes to Financial Statements as of December 31, 2010 (Expressed in US Dollars) (Unaudited) _______________________________________________________________   g) Mineral Property Costs Mineral property exploration costs are expensed as incurred. Mineral property acquisition costs are initially capitalized. The Company assesses the carrying costs for impairment under ASC 360, Property, Plant, and Equipment at each fiscal quarter end. When it has been determined that a  Note 2 - Summary of Significant Accounting Policies(continued) mineral property can be economically developed as a result of establishing proven and probable reserves, the costs then incurred to develop such property, are capitalized. Such costs will be amortized using the units-of-production method over the estimated life of the probable reserve. If mineral properties are subsequently abandoned or impaired, any capitalized costs will be charged to operations.  h) Income Taxes The Company accounts for income taxes using the asset and liability method in accordance with ASC 740, Income Taxes. The asset and liability method provides that deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities, and for operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company records a valuation allowance to reduce deferred tax assets to the amount that is believed more likely than not to be realized.  i) Foreign Currency Translation The functional and reporting currency of the Company is the United States dollar. Monetary assets and liabilities denominated in foreign currencies are translated to United States dollars in accordance with ASC 740 Foreign Currency Translation Matters, using the exchange rate prevailing at the balance sheet date. Gains and losses arising on translation or settlement of foreign currency denominated transactions or balances are included in the determination of income. The Company has not, to the date of these financial statements, entered into derivative instruments to offset the impact of foreign currency fluctuations. To the extent that the Company incurs transactions that are not denominated in its functional currency, they are undertaken in Canadian dollars. The Company has not, to the date of these financials statements, entered into derivative instruments to offset the impact of foreign currency fluctuations.  j) Stock-based Compensation The Company records stock-based compensation in accordance with ASC 718, Compensation  Stock Based Compensation and ASC 505,Equity Based Payments to Non-Employees, which requires the measurement and recognition of compensation expense based on estimated fair values for all share-based awards made to employees and directors, including stock options. ASC 718 requires companies to estimate the fair value of share-based awards on the date of grant using an option-pricing model. The Company uses the Black-Scholes option-pricing model as its method of determining fair value. This model is affected by the Companys stock price as well as  Page 12 of 26  Microelectronics Technology Company (A Development Stage Company) Notes to Financial Statements as of December 31, 2010 (Expressed in US Dollars) (Unaudited) _______________________________________________________________  assumptions regarding a number of subjective variables. These subjective variables include, but are not limited to the Companys expected stock price volatility over the term of the awards, and actual and projected employee stock option exercise behaviours. The value of the portion of the award that is ultimately expected to vest is recognized as an expense in the statement of operations over the requisite service period.  Note 2 - Summary of Significant Accounting Policies(continued)  All transactions in which goods or services are the consideration received for the issuance of equity instruments are accounted for based on the fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable.  k) Reclassifications Certain reclassifications have been made to the prior years financial statements to conform to the current year periods presentation.  l) Recently Issued Accounting Pronouncements The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.  Note 3  Mineral Claims  On April 1, 2009, the Company acquired certain assets of First Light Resources, Inc. (First Light), namely six mineral claims located near Wawa in northern Ontario, Canada. The purchase price for the assets was $114,000, payable in cash and/or Company common stock.  No cash was paid to First Light and a total of 55,000 shares of Company common stock were issued to three designated parties of First Light, increasing the issued and outstanding shares of Company common stock from 30,060 shares to 85,060 shares. The Company also assumed a $10,912 account payable of First Light in connection with this transaction. The total $124,912 purchase consideration in the First Light transaction was allocated to the six mineral claims which represents First Lights represented amount of exploration costs on the properties. Title to the mineral claims is being held in trust, on behalf of the Company, by Dog Lake Exploration Inc. (Dog Lake). Two of the six mineral claims were allowed to lapse in fiscal 2009 and four claims remain in good standing as of December 31, 2010. After completion of the First Light transaction both Dog Lake and First Light are considered related parties with the Company due to significant stockholdings in the Company by a director in common between Dog Lake and First Light.  On April 1, 2010, Auric Mining Company (Auric) entered into an option agreement with the Company to acquire from the Company a fifty-two percent working interest in the mining claims held in trust, on behalf of the Company by Dog Lake. Auric is to complete its due diligence prior to the option expiring on September 15, 2011.  No payment terms or amounts have been negotiated or finalized.   A director of the Company is also the President of Auric, therefore Auric is considered to be a related party and the option agreement is a related party transaction.   Page 13 of 26  Microelectronics Technology Company (A Development Stage Company) Notes to Financial Statements as of December 31, 2010 (Expressed in US Dollars) (Unaudited) __________________________________________________________________________________   Note 4  Related Party Transactions  The Company incurred administration and accounting fees of $12,579 (2009: $ nil) to a corporation which is a significant shareholder of the Company. As at December 31, 2010, $32,024 (June 30, 2010: $14,308)  is owing to this corporation that is included in amounts due to related parties which is unsecured, non-interest bearing and is due on demand.  Included in amounts due to related parties is $10,912 (June 30, 2010: $ nil) owing to 722868 Ontario Ltd. for the amount payable that was assumed by the Company in the acquisition of the mineral claims from First Light (see Note 3).  Also included is the amount of $12,000 (June 30, 2010: $ nil) advanced by Cale Corporation, a Nevada corporation under common control with several significant shareholders of the Company.  On October 5, 2009, the Company executed a Stock Purchase Agreement with 722868 Ontario Ltd. (Seller), an Ontario corporation. The agreement provides for the acquisition from Seller of 51% of the capital stock of Microart Services Inc. (Microart), an Ontario corporation engaged in the electronic manufacturing and design services business, in exchange for $500,000 cash and 1,250,000 post reverse stock split shares of the Companys common stock. The closing, which is subject to satisfaction of certain conditions precedent to closing, is to take place on October 15, 2009, or at such other time as the parties may mutually agree. On January 4, 2011 both parties agreed to allow the Agreement to lapse, without further recourse to each other.  Microart and the Seller are considered to be related parties to the Company, as a director of Microart is also a director of Dog Lake, First Light (see Note 3) and 722868 Ontario Ltd. that has significant stockholdings in the Company.  Note 5  Due to Former Related Party  As at December 31, 2010, $190,084 (June 30, 2010: $190,084) was due to former related party who is the Companys former President and Director who resigned in June 2007. These amounts are non-interest bearing, unsecured and have no specific terms of repayment.  Note 6  Common Stock  There was no change in the common stock of the Company since the last fiscal year ended June 30, 2010.  The Company has not issued any stock options.  Note 7  Preferred Stock  On October 5, 2009, the Company issued 110,000 preferred shares at $0.01 per share. Each preferred share is convertible into 100 common shares and each preferred share entitles the holder to 100 votes at any shareholders meeting.  The preferred shareholders have the first right of refusal to be acquired in the event of a change in control.     Page 14 of 26  Note 8 - Subsequent Events  The Company has determined that there were no additional subsequent events to recognize or disclose in these financial statements.   PART I  This Interim Report on Form 10-Q contains forward-looking statements that have been made pursuant to the provisions of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995 and concern matters that involve risks and uncertainties that could cause actual results to differ materially from historical results or from those projected in the forward-looking statements. Discussions containing forward-looking statements may be found in the material set forth under Business, Managements Discussion and Analysis of Financial Condition and Results of Operations and in other sections of this Form 10-Q. Words such as may, will, should, could, expect, plan, anticipate, believe, estimate, predict, potential, continue or similar words are intended to identify forward-looking statements, although not all forward-looking statements contain these words. Although we believe that our opinions and expectations reflected in the forward-looking statements are reasonable as of the date of this Report, we cannot guarantee future results, levels of activity, performance or achievements, and our actual results may differ substantially from the views and expectations set forth in this Interim Report on Form 10-Q. We expressly disclaim any intent or obligation to update any forward-looking statements after the date hereof to conform such statements to actual results or to changes in our opinions or expectations. Readers should carefully review and consider the various disclosures made by us in this Report, set forth in detail in Part I, under the heading Risk Factors, as well as those additional risks described in other documents we file from time to time with the Securities and Exchange Commission, which attempt to advise interested parties of the risks, uncertainties, and other factors that affect our business. We undertake no obligation to publicly release the results of any revisions to any forward-looking statements to reflect  Page 15 of 26  anticipated or unanticipated events or circumstances occurring after the date of such statements.   ITEM 2. MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS  This section of this report includes a number of forward-looking statements that reflect our current views with respect to future events and financial performance. Forward-looking statements are often identified by words like: believe, expect, estimate, anticipate, intend, project and similar expressions, or words which, by their nature, refer to future events. You should not place undue certainty on these forward-looking statements, which apply only as of the date of this report. These forward-looking states are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or our predictions.  Overview of the Companys Business  We are a start-up, development stage company and have not yet generated or realized any substantial revenues from our business activities. We were incorporated in the State of Nevada on May 18, 2005. Initially, we acquired the right to conduct exploration activities on one property, but we did not own the property. The property consists of one mineral claim containing 622 acres located in Similkameen region of British Columbia, Canada. We had intended to explore for gold on the property. We have not found any commercially viable mineral deposit, or a reserve, yet. We do not plan to have further exploration on this property.  On April 1, 2009, the Company acquired certain assets of First Light Resources, Inc. (First Light), primarily 6 mineral claims located in Ontario Canada, pursuant to an Asset Purchase and Sale Agreement. The purchase price for the assets was $114,000, payable in cash and/or Company common stock.  No cash was paid to First Light and a total of 55,000 shares of Company common stock were issued to three designated parties of First Light, increasing the issued and outstanding shares of Company common stock from 30,060 shares to 85,060 shares. The Company also assumed a $10,912 account payable of First Light in connection with this transaction.  Page 16 of 26   On October 5, 2009, the Company executed a Shares Purchase Agreement with 722868 Ontario Ltd. (Seller), an Ontario corporation. The agreement provides for the acquisition from Seller of 51% of the capital stock of Microart Services Inc. (Microart), an Ontario corporation engaged in the electronic manufacturing and design services business, in exchange for $500,000 cash and 1,250,000 post reverse stock split (see succeeding paragraph) shares of the Companys common stock. The closing, which is subject to satisfaction of certain conditions precedent to closing, is to take place on October 15, 2009, or at such other time as the parties may mutually agree. On January 4, 2011 both parties agreed to allow the Agreement to lapse, without further recourse to each other.  On April 1, 2010 Auric Mining Company signed an option with the Company to acquire fifty-two percent working interest in the mining claims held in trust, on behalf of the Company by Dog Lake Exploration Inc.  The options expires on September 15, 2011.  ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK  None  ITEM 4T. CONTROLS AND PROCEDURES  Our Chief Executive Officer and Chief Financial Officer, after evaluating the effectiveness of our disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Exchange Act) as of the end of the period covered by this report, have concluded that, based on the evaluation of these controls and procedures, that our disclosure controls and procedures were not effective.  There were no changes in our internal controls or in other factors during the period covered by this report that have materially affected, or are likely to materially affect the Companys internal controls over financial reporting.        Page 17 of 26     PART II OTHER INFORMATION  ITEM 1. LEGAL PROCEEDINGS  None  ITEM 1A. RISK FACTORS  There were no material changes to the Risk Factors disclosed in the Form 10-K filed September 28, 2010.  ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS  On April 10, 2009, the Company issued 55,000 restricted shares of common stock as payment to First Light Resources Inc. as per the Asset Purchase and Sale Agreement on April 1, 2009.  On June 4, 2009, the Company issued 15,000 free trading shares of common stock to four consultants as per the Companys 2009 Non-Qualified Stock Compensation Plan which was approved on April 8, 2009.  Effective October 6, 2009, the Company effectuated a 1 for 1,000 reverse stock splits, thereby reducing the issued and outstanding shares of Common Stock from 100,060,000 prior to the reverse split to 100,915 following the reverse split. All common stock references have been adjusted to reflect this reverse stock split.  In addition, effective October 6, 2009, the Companys quotation symbol on the Over-the-Counter Bulletin Board and Pink Sheets were changed from CYTV to MELY.  On October 15, 2009, the Company issued 3,500,000 restricted common shares at $0.01 per share. This included 1,250,000 shares to an Ontario Corporation described above.  On October 15, 2009, the Company authorized issuance of 110,000 Class A preferred shares at $0.01 per share.  On October 20, 2009, the Company authorized issuance of 3,600,000 common shares at $0.01 per share.  Page 18 of 26   On February 15, 2010, the Company authorized issuance of 40,000,000 restricted common shares at $0.001 per share.  On March 8, 2010, the Company authorized issuance of 10,132,430 common shares at $0.001 per share for settlement of debt.  On April 5, 2010, 3,200,000 shares issued under Regulation S (X) on October 20, 2009 were retired to treasury.  The Company has not issued any stock options or other convertible securities.  ITEM 3. DEFAULTS UPON SENIOR SECURITIES  None  ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS  None  ITEM 5. OTHER INFORMATION  None  Item 6.  EXHIBITS & SIGNATURES   31.1  Certification of the Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, filed herewith.  31.2  Certification of the Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, filed herewith.  32.1 Certification of the Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, filed herewith.  32.1 Certification of the Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, filed herewith.      Page 19 of 26     SIGNATURES  In accordance with the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.  Dated:  February 14, 2011  Microelectronics Technology Company  By: /S/ Wei-Chieh Wang Wei-Chieh Wang Chief Executive Officer & Director    By: /S/ Albert Ng Albert ng Chief Financial Officer                           Page 20 of 26


|                                                                                                                                                                                                                                                                                                                                                                        
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Exhibit 31.01                                                                                                                                                                                                                                                                                                                                                           
|                                                                                                                                                                                                                                                                                                                                                                        
|CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO                                                                                                                                                                                                                                                                                                                    
|RULE 13A-14(A) OF THE SECURITIES EXCHANGE ACT AND                                                                                                                                                                                                                                                                                                                       
|SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002                                                                                                                                                                                                                                                                                                                           
|                                                                                                                                                                                                                                                                                                                                                                        
|I, Wei-Chieh Wang, Director and Chief Executive Officer of Microelectronics Technology Company, certify that :                                                                                                                                                                                                                                                          
|                                                                                                                                                                                                                                                                                                                                                                        
|1.  I have reviewed this Quarterly Report on Form 10-Q of Microelectronics Technology Company;                                                                                                                                                                                                                                                                          
|                                                                                                                                                                                                                                                                                                                                                                        
|2.  Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with  respect to the period covered by this report;                                                         
|                                                                                                                                                                                                                                                                                                                                                                        
|3.  Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;                                                                             
|                                                                                                                                                                                                                                                                                                                                                                        
|4.  The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have :                               
|a.  Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that made known to us by others within those entities, particularly during the period in which this report is being prepared;                                                                                   
|b.  Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purpose in accordance with general accepted accounting principles;




|                                                                                                                                                                                                                                                                                                     | 
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | 
|c.  Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the
disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and             
|                                                                                                                                                                                                                                                                                                    
|5.  The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions ):
|a.  All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarized and report financial information; and                      
|b.  Any fraud, whether or not material, that involves management or other employees who have a significant
role in the registrant's internal control over financial reporting.                                                                                                                      
|                                                                                                                                                                                                                                                                                                    
|                                                                                                                                                                                                                                                                                                    
|                                                                                                                                                                                                                                                                                                    
|Dated : February 14, 2011.

Signature : /s/ Wei-Chieh Wang
---------------                                                                                                                                                                                                                          
|Wei-Chieh Wang                                                                                                                                                                                                                                                                                      

Director & Chief Executive Officer       Page 22 of 26


|                                                    
|----------------------------------------------------
|Exhibit 31.02                                       
|                                                    
|CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO
|RULE 13A-14(A) OF THE SECURITIES EXCHANGE ACT AND   
|SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002       




|                                                                                                                                                                                                                                                                                                                                                                        
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|I, Albert Ng, Chief Financial Officer of Microelectronics Technology Company, certify that :                                                                                                                                                                                                                                                                            
|                                                                                                                                                                                                                                                                                                                                                                        
|1.  I have reviewed this Quarterly Report on Form 10-Q of Microelectronics Technology Company;                                                                                                                                                                                                                                                                          
|                                                                                                                                                                                                                                                                                                                                                                        
|2.  Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with  respect to the period covered by this report;                                                         
|                                                                                                                                                                                                                                                                                                                                                                        
|3.  Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;                                                                             
|                                                                                                                                                                                                                                                                                                                                                                        
|4.  The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have :                               
|a.  Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that made known to us by others within those entities, particularly during the period in which this report is being prepared;                                                                                   
|b.  Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purpose in accordance with general accepted accounting principles;




|                                                                                                                                                                                                                                                                                                     | 
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | 
|c.  Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the
disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and             
|                                                                                                                                                                                                                                                                                                    
|5.  The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions ):
|a.  All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarized and report financial information; and                      
|b.  Any fraud, whether or not material, that involves management or other employees who have a significant
role in the registrant's internal control over financial reporting.                                                                                                                      
|                                                                                                                                                                                                                                                                                                    
|                                                                                                                                                                                                                                                                                                    
|                                                                                                                                                                                                                                                                                                    
|Dated : February 14, 2011.

Signature : /s/ Albert Ng
---------                                                                                                                                                                                                                                     
|Albert Ng                                                                                                                                                                                                                                                                                           

Director & Chief Financial Officer       Page 24 of 26           EXHIBIT 32 .01   CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350 AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002  In connection with the Quarterly Report of Microelectronics Technology Company (the "Company") on Form 10-Q for the quarter ended December 31, 2010 as filed with the securities and Exchange Commission on the date hereof (the "Report"),  I, Wei-Chieh Wang, Chief Executive Officer of the Company, certify,  pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002,  that to the best of my knowledge:  (1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and  (2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of the operations of the Company.  /s/ Wei-Chieh Wang --------------  Wei-Chieh Wang Director & Chief Executive Officer  February 14, 2011.          Page 25 of 26           EXHIBIT 32 .02   CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350 AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002  In connection with the Quarterly Report of Microelectronics Technology Company (the "Company") on Form 10-Q for the quarter ended December 31, 2010 as filed with the securities and Exchange Commission on the date hereof (the "Report"),  I, Albert Ng, Chief Financial Officer of the Company, certify,  pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002,  that to the best of my knowledge:  (1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and  (2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of the operations of the Company.  /s/ Albert Ng --------- Albert Ng Director & Chief Financial Officer  February 14, 2011.   Page 26 of 26