----

----

| [X]                   | Quarterly      Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of      1934                                               |
|----------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------|
|                       | FOR      THE QUARTERLY PERIOD ENDED March 31, 2008                                                                                              |
|                       | OR                                                                                                                                              |
| [        ]  | Transition      Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of      1934 For      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                                                                             |   |                                                                                                    |      |                                                                                              |
| March      31, 2008 and June 30, 2007                                                           |   |                                                                                                    |      |                                                                                              |
|                                                                                            |   |                                                                                                    |      |                                                                                              |
|                                                                                            |   | March      31,                                                                                          |      | June      30,                                                                                     |
| (Expressed      in U.S. Dollars)                                                                |   | 2008                                                                                                    |      | 2007                                                                                              |
|                                                                                            |   | (Unaudited)                                                                                             | (Audited) |
| ASSETS                                                                                          |   |                                                                                                    |      | (Restated)                                                                                        |
| Current      assets                                                                             |   |                                                                                                    |      |                                                                                              |
|    Cash                                                                          | $      |         16,010                                                  | $         |         7,922                                             |
|    Prepaid      expenses (Note 3)                                                |   |         11,074                                                  |      |         1,704                                             |
| Total      current assets                                                                       |   |         27,084                                                  |      |         9,626                                             |
|                                                                                            |   |                                                                                                    |      |                                                                                              |
| Other      assets                                                                               |   |                  - |      |                 - |
|                                                                                            |   |                                                                                                    |      |                                                                                              |
| Total      assets                                                                               | $      |         27,084                                                  | $         |         9,626                                             |
|                                                                                            |   |                                                                                                    |      |                                                                                              |
| LIABILITIES                                                                                     |   |                                                                                                    |      |                                                                                              |
| Current                                                                                         |   |                                                                                                    |      |                                                                                              |
|    Accounts      payable and accrued liabilities                                 | $      |         51,368                                                  | $         |       36,795                                                        |
|    Due      to related party (Note 5)                                            |   |       150,084                                                             |      |       62,120                                                        |
|                                                                                            |   |                                                                                                    |      |                                                                                              |
| Total      liabilities                                                                          |   |       201,452                                                             |      |       98,915                                                        |
|                                                                                            |   |                                                                                                    |      |                                                                                              |
| 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 and 24,160,000 shares,    respectively |   |              301                       |      |            242                             |
|    Additional      paid-in capital                                               |   |       681,089                                                             |      |     270,948                                                                   |
|    Deferred      stock-based compensation                                        |   |     (335,967)                                                                       |      |    (156,250)                                                                       |
|    Accumulated      deficit during the development stage                         |   |     (519,791)                                                                       |      |    (204,229)                                                                       |
|                                                                                            |   |                                                                                                    |      |                                                                                              |
| Total      stockholders' equity (deficiency)                                                    |   |     (174,368)                                                                       |      |      (89,289)                                                            |
|                                                                                            |   |                                                                                                    |      |                                                                                              |
| Total      liabilities and stockholders' equity (deficiency)                                    | $      |         27,084                                                  | $         |         9,626                                             |
|                                                                                            |   |                                                                                                    |      |                                                                                              |
| (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 nine months ended March 31, 2008 and 2007 and for the      period |
| from      May 18, 2005 (Inception) to March 31, 2008                                            |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                                                      |
| (Unaudited)                                                                                     |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                |                                                                                                                      |                                                                                                                          |                                                                                                                                                                      |
|                                                                                            |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                |                                                                                                                      |                                                                                                                          | Cumulative                                                                                                                                                                |
|                                                                                            |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                |                                                                                                                      |                                                                                                                          | during      the                                                                                                                                                           |
|                                                                                            |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                |                                                                                                                      |                                                                                                                          | development                                                                                                                                                               |
|                                                                                            |                                                                                                                      | Three      months                                                                                                         |                                                                                                                      | Nine      months                                                                                                          |                                                                                                                      | stage      (May 18,                                                                                                       |
|                                                                                            |                                                                                                                      | ended      March 31,                                                                                                      |                                                                                                                      | ended      March 31,                                                                                                      |                                                                                                                      | 2005      to                                                                                                              |
| (Expressed      in U.S. Dollars)                                                                |                                                                                                                      | 2008                                                                                                                      |                                                                                                                      | 2007                                                                                                                      |                                                                                                                      | 2008                                                                                                                      |                                                                                | 2007                                                                                                                      |                                                                                                                          | March      31, 2008)                                                                                                                                                      |
|                                                                                            |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                |                                                                                                                      |                                                                                                                          |                                                                                                                                                                      |
| Revenue                                                                                         | $                                                                                                                         |                     - | $                                                                                                                         |                     - | $                                                                                                                         |                     - | $                                                                                   |                     - | $                                                                                                                             |                             - |
|                                                                                            |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                |                                                                                                                      |                                                                                                                          |                                                                                                                                                                      |
| Expenses                                                                                        |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                |                                                                                                                      |                                                                                                                          |                                                                                                                                                                      |
|   General      and administrative                                                     |                                                                                                                      |          138,536                                                             |                                                                                                                      |            11,505                                                  |                                                                                                                      |          315,562                                                             |                                                                                |            25,090                                                  |                                                                                                                          |                 512,319                                                                   |
|   Impairment      of mineral claim acquisition costs and                              |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                                                      |
|   mineral      claim exploration and carrying costs                                   |                     - |                                                                                                                      |                     - |                                                                                                                      |                     - |                                                                                                                      |              3,579 |                                                                                                                      |                     7,794 |
|                                                                                            |                                                                                                                      |          138,536                                                             |                                                                                                                      |            11,505                                                  |                                                                                                                      |          315,562                                                             |                                                                                |            28,669                                                  |                                                                                                                          |                 520,113                                                                   |
|                                                                                            |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                |                                                                                                                      |                                                                                                                          |                                                                                                                                                                      |
| Operating      loss                                                                             |                                                                                                                      |        (138,536)                                                                       |                                                                                                                      |          (11,505)                                                            |                                                                                                                      |        (315,562)                                                                       |                                                                                |          (28,669)                                                            |                                                                                                                          |                (520,113)                                                                       |
|                                                                                            |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                |                                                                                                                      |                                                                                                                          |                                                                                                                                                                      |
| Other      income                                                                               |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                |                                                                                                                      |                                                                                                                          |                                                                                                                                                                      |
|   Interest      income                                                                |                                                                                                                      |                     - |                                                                                                                      |                     - |                                                                                                                      |                     - |                                                                                |                     - |                                                                                                                          |                        322                             |
|                                                                                            |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                |                                                                                                                      |                                                                                                                          |                                                                                                                                                                      |
| Net      loss                                                                                   | $                                                                                                                         |        (138,536)                                                                       | $                                                                                                                         |          (11,505)                                                            | $                                                                                                                         |        (315,562)                                                                       | $                                                                                   |          (28,669)                                                            | $                                                                                                                             |                (519,791)                                                                       |
|                                                                                            |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                |                                                                                                                      |                                                                                                                          |                                                                                                                                                                      |
| Net      loss per share                                                                         |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                |                                                                                                                      |                                                                                                                          |                                                                                                                                                                      |
| Basic      and diluted                                                                          | $                                                                                                                         |              (0.00)                                      | $                                                                                                                         |              (0.00)                                      | $                                                                                                                         |              (0.01)                                      | $                                                                                   |              (0.00)                                      |                                                                                                                          |                                                                                                                                                                      |
|                                                                                            |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                |                                                                                                                      |                                                                                                                          |                                                                                                                                                                      |
| Number      of common shares used to                                                            |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                |                                                                                                                      |                                                                                                                          |                                                                                                                                                                      |
| compute      loss per share                                                                     |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                |                                                                                                                      |                                                                                                                          |                                                                                                                                                                      |
|   Basic and      diluted                                                              |                                                                                                                      |     29,090,769                                                                                        |                                                                                                                      |     23,800,000                                                                                        |                                                                                                                      |     27,297,091                                                                                        |                                                                                |     23,800,000                                                                                        |                                                                                                                          |                                                                                                                                                                      |
|                                                                                            |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                                                      |                                                                                |                                                                                                                      |                                                                                                                          |                                                                                                                                                                      |
| (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 March 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  (Restated)                                     |     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                                         |                     - |              - |                         - |              230,483                                                             |                       - |          230,483                                                             |
|                                                                                  |                                                                                                                      |                                                                            |                                                                                                                                              |                                                                                                                                              |                                                                                                                                  |                                                                                                                      |
| Net      loss for the nine months ended                                               |                                                                                                                      |                                                                            |                                                                                                                                              |                                                                                                                                              |                                                                                                                                  |                                                                                                                      |
| March      31, 2008                                                                   |                     - |              - |                         - |                         - |          (315,562)                                                                       |        (315,562)                                                                       |
|                                                                                  |                                                                                                                      |                                                                            |                                                                                                                                              |                                                                                                                                              |                                                                                                                                  |                                                                                                                      |
|                                                                                  |                                                                                                                      |                                                                            |                                                                                                                                              |                                                                                                                                              |                                                                                                                                  |                                                                                                                      |
| Balance,      March 31, 2008                                                          |     30,060,000                                                                                        |  $      301                                  |  $         681,089                                                                              |  $        (335,967)                                                                                  |  $      (519,791)                                                                                  |  $    (174,368)                                                                                  |
|                                                                                  |                                                                                                                      |                                                                            |                                                                                                                                              |                                                                                                                                              |                                                                                                                                  |                                                                                                                      |
| (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 nine months ended March 31, 2008 and 2007 and for the      period                                      |                                                                                              |                                                                                              |
| from      May 18 (Inception) to March 31, 2008                                                                      |                                                                                              |                                                                                              |                                                                                  |                                                                                  |                                                                                                                          |                                                                                                                                                                      |
| (Unaudited)                                                                                                         |                                                                                              |                                                                                              |                                                                                  |                                                                                  |                                                                                                                          |                                                                                                                                                                      |
|                                                                                                                |                                                                                              |                                                                                              |                                                                                  |                                                                                  |                                                                                                                          | Cumulative                                                                                                                                                                |
|                                                                                                                |                                                                                              |                                                                                              |                                                                                  |                                                                                  |                                                                                                                          | during      the                                                                                                                                                           |
|                                                                                                                |                                                                                              |                                                                                              |                                                                                  |                                                                                  |                                                                                                                          | development                                                                                                                                                               |
|                                                                                                                |                                                                                              | Nine      months                                                                                  |                                                                                  | stage      (May 18,                                                                   |
|                                                                                                                |                                                                                              | ended      March 31,                                                                              |                                                                                  | 2005      to                                                                          |
| (Expressed      in U.S. Dollars)                                                                                    |                                                                                              | 2008                                                                                              |                                                                                  | 2007                                                                                  |                                                                                                                          | March      31, 2008)                                                                                                                                                      |
|                                                                                                                |                                                                                              |                                                                                              |                                                                                  |                                                                                  |                                                                                                                          |                                                                                                                                                                      |
| Cash      flows from (used in) operating activities                                                                 |                                                                                              |                                                                                              |                                                                                  |                                                                                  |                                                                                                                          |                                                                                                                                                                      |
|    Net      loss for the period                                                                      | $                                                                                                 |    (315,562)                                                                       | $                                                                                     |    (28,669)                                                            | $                                                                                                                             |                (519,791)                                                                       |
|    Adjustments      to reconcile net income (loss) to net cash used for                              |                                                                                              |                                                                                              |                                                                                  |                                                                                  |
|    operating      activities:                                                                        |                                                                                              |                                                                                              |                                                                                  |                                                                                  |                                                                                                                          |                                                                                                                                                                      |
|      Impairment      of mineral property costs and deferred exploration costs              |                 - |                                                                                              |               - |                                                                                  |                     6,033 |
|      Stock-based      compensation                                                         |                                                                                              |     230,483                                                                   |                                                                                  |               - |                                                                                                                          |                 310,913                                                                   |
|    Changes      in operating assets and liabilities:                                                 |                                                                                              |                                                                                              |                                                                                  |                                                                                  |                                                                                                                          |                                                                                                                                                                      |
|       Prepaid      expenses                                                           |                                                                                              |        (9,370)                                                 |                                                                                  |               - |                                                                                                                          |                  (11,074)                                                            |
|       Accounts      payable and accrued liabilities                                   |                                                                                              |       14,573                                                        |                                                                                  |       2,297                                             |                                                                                                                          |                   51,368                                                        |
| Net      cash used for operating activities                                                                         |                                                                                              |      (79,876)                                                            |                                                                                  |    (26,372)                                                            |                                                                                                                          |                (162,551)                                                                       |
|                                                                                                                |                                                                                              |                                                                                              |                                                                                  |                                                                                  |                                                                                                                          |                                                                                                                                                                      |
| 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                                                                           |                                                                                              |       87,964                                                        |                                                                                  |     18,000                                                        |                                                                                                                          |                 150,084                                                                   |
|   Proceeds      from sales of common stock                                                                |                                                                                              |                 - |                                                                                  |               - |                                                                                                                          |                   34,510                                                        |
| Net      cash provided by financing activities                                                                      |                                                                                              |       87,964                                                        |                                                                                  |     18,000                                                        |                                                                                                                          |                 184,594                                                                   |
|                                                                                                                |                                                                                              |                                                                                              |                                                                                  |                                                                                  |                                                                                                                          |                                                                                                                                                                      |
| Increase      (Decrease) in cash                                                                                    |                                                                                              |         8,088                                             |                                                                                  |      (8,372)                                                 |                                                                                                                          |                   16,010                                                        |
|                                                                                                                |                                                                                              |                                                                                              |                                                                                  |                                                                                  |                                                                                                                          |                                                                                                                                                                      |
| Cash,      beginning of period                                                                                      |                                                                                              |         7,922                                             |                                                                                  |     17,523                                                        |                                                                                                                          |                             - |
| Cash,      end of period                                                                                            | $                                                                                                 |       16,010                                                        | $                                                                                     |       9,151                                             | $                                                                                                                             |                   16,010                                                        |
|                                                                                                                |                                                                                              |                                                                                              |                                                                                  |                                                                                  |                                                                                                                          |                                                                                                                                                                      |
|                                                                                                                |                                                                                              |                                                                                              |                                                                                  |                                                                                  |                                                                                                                          |                                                                                                                                                                      |
| Supplemental      disclosure of cash flow information:                                                              |                                                                                              |                                                                                              |                                                                                  |                                                                                  |                                                                                                                          |                                                                                                                                                                      |
|     Interest      paid                                                                          |  $                                                                                           |              38                  |  $                                                                               |               - |  $                                                                                                                       |                          38                  |
|     Income      tax paid                                                                        |  $                                                                                           |                 - |  $                                                                               |               - |  $                                                                                                                       |                             - |
|                                                                                                                |                                                                                              |                                                                                              |                                                                                  |                                                                                  |                                                                                                                          |                                                                                                                                                                      |
| (The      accompanying notes are an integral part of these interim unaudited      consolidated financialstatements) |

----

----

| Net      operating loss carryforward |   | $      |     101,427                                                                   |
|--------------------------------------|--------|--------|---------------------------------------------------------------------------------------------------|
| Less      valuation allowance        |   | $      |    (101,427)                                                                       |
| Net                                  |   |   |                 - |

|                                   | Nine      months ended |
|----------------------------------------|------------------------|
|                                   | March      31,         |
|                                   |                   | 2008 |   |   | 2007 |
| Expected      tax at 35%               | $                      |    (110,447) |   |  $ |    (10,034) |
| Nondeductible      stock-based         |                   |   |   |   |   |
| compensation                           |                   |       69,563 |   |   |   |
| Change      in valuation allowance     |                   |       40,884 |   |   |     10,034 |
| Actual      provision for income taxes | $                      |                 - |   |  $ |               - |

|                                                        | As      previously                                                                                                        |   | Restatement                                                                                                   |   | As                                                                    |
|-------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------|
|                                                        | reported                                                                                                                  |   | adjustment                                                                                                    |   | restated                                                              |
|                                                        |                                                                                                                      |   |                                                                                                          |   |                                                                  |
| Cash                                                        |  $          7,922                                                  |   |  $               -            |   |  $     7,922                            |
| Prepaid      expenses                                       |          157,954                                                             |   |      (156,250)                                                                       |   |         1,704                 |
| Total      current assets and total assets                  |          165,876                                                             |   |      (156,250)                                                                       |   |         9,626                 |
|                                                        |                                                                                                                      |   |                                                                                                          |   |                                                                  |
| Total      current liabilities and total liabilities        |            98,915                                                  |   |                   - |   |       98,915                            |
|                                                        |                                                                                                                      |   |                                                                                                          |   |                                                                  |
| Common      stock                                           |                 242                       |   |                                                                                                          |   |            242 |
| Additional      paid-in capital                             |          270,948                                                             |   |                                                                                                          |   |     270,948                                       |
| Deferred      stock-based compensation                      |                     - |   |      (156,250)                                                                       |   |    (156,250)                                           |
| Deferred      accumulated during the development stage      |        (204,229)                                                                       |   |                   - |   |    (204,229)                                           |
|                                                        |            66,961                                                  |   |      (156,250)                                                                       |   |      (89,289)                                |
|                                                        |                                                                                                                      |   |                                                                                                          |   |                                                                  |
| Total      liabilities and stockholders equity (deficiency) |  $      165,876                                                                        |   |  $  (156,250)                                                                                  |   |  $     9,626                            |

----

----

| - | Launched      a video site of CCTV’s 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 “Pick” 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’s new musicchannel;         |

| - | Beijing      Feixingzhe Records Co., Ltd and Beijing Dasheng Xianzhi Culture Co., Ltd      to legally broadcast new songs on CnBoo’s 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’s 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’s 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. |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

----

| 3.1     Articles      of Incorporation are hereby incorporated by reference from our      registration statement on Form SB-2 filed with the Commission on December      20, 2005. |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.2    By-Laws      are hereby incorporated by reference from our registration statement      on Form SB-2 filed with the Commission on December 20,      2005.                                                                                                          |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                                            |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 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 Jie      Wang.                                                                                                 |

| May      15, 2008 | /s/James      Wei                                                             |
|-------------------|-------------------------------------------------------------------------------|
|              |  James      Wei                                                          |
|              | President(Principal      Executive Officer)                              |
| May      15, 2008 | /s/Jie      Wang                                                              |
|              | Jie      Wang                                                                 |
|              | Chief      Financial Officer(Principal      Financial and Accounting Officer) |

----