**UNITED
      STATES**


**SECURITIES
      AND EXCHANGE COMMISSION**


Washington, DC 20549




**FORM
      10-QSB**




|X|
      QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE
      ACT
      OF 1934




For
      the
      quarterly period ended **October 31, 2007**




|_|
      TRANSITION REPORT PURSUANT TO 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF
      1934




For the transition period _____________ to _____________




Commission
      File Number **  333-126680




**RAVEN
      GOLD CORP.**


(Exact
      name of small Business Issuer as specified in its charter)






Nevada
            20-2551275(State or other jurisdiction of incorporation or
                organization)
            (IRS Employer Identification No.)





**#205-598
      Main Street**


**Penticton,
      B.C., V2A-5C7**


(Address
      of principal executive offices)




Issuer's
      telephone number, including area code: **(604)
      688-7526**






Check
      whether the issuer (1) filed all reports required to be filed by Section 13
      or
      15(d) of the Securities Exchange Act of 1934 during the preceding 12 months
      (or
      for such shorter period that the issuer was required to file such reports),
      and
      (2) has been subject to such filing requirements for the past 90 days |X| Yes
      |_| No




Indicate
      by check mark whether the registrant is a shell company (as defined in Rule
      12b-2 of the Exchange Act). |_| Yes |X| No




State
      the
      number of shares outstanding of each of the issuer's classes of common stock,
      as
      of the latest practicable date: 75,240,000 shares of Common Stock, $0.001 par
      value per share, issued and outstanding as of October 31, 2007.














**TABLE
      OF CONTENTS**




PART
                I. FINANCIAL INFORMATION**Page**ITEM 1.
            Financial
                Statements (unaudited)
            3ITEM 2
            Management’s
                Discussion and Analysis or Plan of Operation
            16ITEM 3
            Controls
                and Procedures
            20PART
                II. OTHER INFORMATION
            20




ITEM 1
            Legal
                Proceedings
            20ITEM 2.
            Unregistered
                Sales of Equity Securities and Use of Proceeds
            21ITEM 3.
            Defaults
                Upon Senior Securities
            21ITEM 4.
            Submission
                of Matters to a Vote of Security Holders.
            21ITEM 5.
            Other
                Information
            21ITEM 6
            Exhibits
            21Signatures
            22







2





**PART
      1 - FINANCIAL INFORMATION**





**Item
      1. Financial Statements**




The
      accompanying unaudited financial statements have been prepared in accordance
      with the instructions to Form 10-QSB and Item 310 (b) of Regulation S-B, and,
      therefore, do not include all information and footnotes necessary for a complete
      presentation of financial position, results of operations, cash flows, and
      stockholders' equity in conformity with generally accepted accounting
      principles. In the opinion of management, all adjustments considered necessary
      for a fair presentation of the results of operations and financial position
      have
      been included and all such adjustments are of a normal recurring nature.
      Operating results for the three and six months ended October 31, 2007 are not
      necessarily indicative of the results that can be expected for the year ending
      April 30, 2008.








3













**MOORE
      & ASSOCIATES, CHARTERED**


***ACCOUNTANTS
      AND ADVISORS***


***PCAOB
      REGISTERED***








**Report
      of Independent Registered Public Accounting Firm**





**To
      the Board of Directors**


**Raven
      Gold Corp.**





We
      have
      reviewed the accompanying balance sheet of Raven Gold Corp. as of October 31,
      2007, and the related statements of operations, retained earnings, and cash
      flows for the nine months then ended, in accordance with the standards of the
      Public Company Accounting Oversight Board (United States).  All
      information included in these financial statements is the representation of
      the
      management of Raven Gold Corp.





A
      review
      consists principally of inquiries of company personnel and analytical procedures
      applied to financial data. It is substantially less in scope than an audit
      in
      accordance with generally accepted auditing standards, the objective of which
      is
      the expression of an opinion regarding the financial statements taken as a
      whole. Accordingly, we do not express such an opinion.





Based
      on
      our review, we are not aware of any material modifications that should be made
      to the financial statements in order for them to be in conformity with generally
      accepted accounting principles.




















***/s/
      Moore & Associates, Chartered***





Moore
      & Associates, Chartered


Las
      Vegas, Nevada


December
      10, 2007





4


**RAVEN
        GOLD CORP.**
 (formerly
        Riverbank Resources Inc.)
 (An
        Exploration Stage Company)
  INTERIM
        FINANCIAL STATEMENTS
  October
        31, 2007
  (Stated
        in US Dollars)
  (Unaudited)
    
 5
 
 **RAVEN
        GOLD CORP.**
 (formerly
        Riverbank Resources Inc.)
 (An
        Exploration Stage Company)
 INTERIM
        BALANCE SHEETS
 October
        31, 2007 and April 30, 2007
 (Stated
        in US Dollars)
 
 
 October
                  31,
              
              
              April
                  30,**ASSETS**
              
              2007
              
              
              2007(Unaudited)CurrentCash
                  and Equivalents
              
              $
              1,536
              
              
              $
              321,671Investment
                  in Joint Venture
              
              
              500,000
              
              
              
              500,000Mineral
                  Properties
              
              
              2,225,000
              
              
              
              1,625,000$
              2,726,536
              
              
              $
              2,446,671**LIABILITIES**CurrentAccounts
                  Payable
              
              $
              31,959
              
              
              $
              24,739Advances
                  from Related party
              
              
              3,100
              
              
              
              3,100Accrued
                  Interest
              
              
              102,073
              
              
              
              -Loans
                  Payable
              
              
              2,492,000
              
              
              
              2,075,0002,629,132
              
              
              
              2,102,839**STOCKHOLDERS’
                  EQUITY (DEFICIENCY)**Capital
                  stockPreferred
                  stock, $0.001 par value, 1,000,000 shares authorized,None
                  issued and outstanding. Common stock, $0.001 par value,500,000,000
                  authorized, 75,240,000 shares issued and outstandingas
                  of October 31, 2007, and as of April 30, 2007
              
              
              75,240
              
              
              
              75,240Additional
                  paid-in capital
              
              
              481,380
              
              
              
              481,380Deficit
                  accumulated during the exploration stage
              
              
              (459,216
              )
              
              
              (212,788
              )97,404
              
              
              
              343,832$
              2,726,536
              
              
              $
              2,446,671
 
 SEE
          ACCOMPANYING NOTES
  6
  
 **RAVEN
        GOLD CORP.**
 (formerly
        Riverbank Resources Inc.)
 (An
        Exploration Stage Company)
 INTERIM
        STATEMENTS OF OPERATIONS
 for
        the
        six months ended October 31, 2007 and 2006 and
 for
        the
        period from February 9, 2005 (Date of Inception) to October 31,
        2007
 (Stated
        in US Dollars)
 (Unaudited)
 
 February
                  9, 2005(Date
                  ofThree
                  months ended
              
              
              Six
                  months ended
              
              
              Inception)
                  toOctober
                  31,
              
              
              October
                  31,
              
              
              October
                  31,2007
              
              
              2006
              
              
              2007
              
              
              2006
              
              
              2007ExpensesExploration
                  costs and expenses
              
              $
              -
              
              
              $
              -
              
              
              $
              6,286
              
              
              $
              -
              
              
              $
              36,036Professional
                  fees
              
              
              44,016
              
              
              
              6,812
              
              
              
              55,920
              
              
              
              13,039
              
              
              
              134,452General
                  and administrative
              
              
              54,390
              
              
              
              337
              
              
              
              65,102
              
              
              
              368
              
              
              
              106,270Listing
                  and filing
              
              
              7,297
              
              
              
              19,165
              
              
              
              12,806
              
              
              
              19,585
              
              
              
              45,471Investor
                  relations
              
              
              5,723
              
              
              
              -
              
              
              
              10,723
              
              
              
              -
              
              
              
              35,670Total
                  expenses
              
              
              111,426
              
              
              
              26,314
              
              
              
              150,837
              
              
              
              32,992
              
              
              
              357,899Loss
                  before other items
              
              
              (111,426
              )
              
              
              (26,314
              )
              
              
              (150,837
              )
              
              
              (32,992
              )
              
              
              (357,899
              )Other
                  Income and ExpensesInterest
                  Expense
              
              
              (45,496
              )
              
              
              -
              
              
              
              (102,073
              )
              
              
              -
              
              
              
              (102,073
              )Impairment
                  (loss) of Mineral Rights
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              (3,000
              )Foreign
                  Currency transaction (loss)
              
              
              6,564
              
              
              
              (1,293
              )
              
              
              6,482
              
              
              
              (1,293
              )
              
              
              3,756Net
                  loss for the period
              
              $
              (150,358
              )
              
              $
              (27,607
              )
              
              $
              (246,428
              )
              
              $
              (34,285
              )
              
              $
              (459,216
              )Basic
                  and diluted loss per share – continuing operations
              
              $
              (0.00
              )
              
              $
              (0.00
              )
              
              $
              (0.00
              )
              
              $
              (0.00
              )Weighted
                  average number of shares outstanding
              
              
              75,240,000
              
              
              
              37,258,888
              
              
              
              75,240,000
              
              
              
              37,258,888
   SEE
          ACCOMPANYING NOTES
   7
     **RAVEN
        GOLD CORP.**
 (formerly
        Riverbank Resources Inc.)
 (An
        Exploration Stage Company)
 INTERIM
        STATEMENTS OF CASH FLOWS
 for
        the
        six months ended October 31, 2007 and 2006 and
 for
        the
        period from February 9, 2005 (Date of Inception) to October 31,
        2007
 (Stated
        in US Dollars)
 (Unaudited)
 
 
 February
                  9, 2005(Date
                  ofSix
                  months ended
              
              
              Inception)
                  toOctober
                  31,
              
              
              October
                  31,2007
              
              
              2006
              
              
              2007Operating
                  ActivitiesNet
                  loss for the period
              
              $
              (246,428
              )
              
              $
              (34,285
              )
              
              $
              (459,216
              )Adjustments
                  to reconcile net loss to net cash used in operating
                  activities:Prepaid
                  expenses
              
              
              -
              
              
              
              (8,757
              )
              
              
              -Accounts
                  payable and expenses
              
              
              7,220
              
              
              
              19,364
              
              
              
              31,959Cash
                  used in operating activities
              
              
              (239,208
              )
              
              
              (23,678
              )
              
              
              (427,257
              )Investing
                  ActivitiesInvestment
                  in Joint Venture
              
              
              -
              
              
              
              (500,000
              )
              
              
              (500,000
              )Purchase
                  of mineral rights
              
              
              (600,000
              )
              
              
              (1,075,000
              )
              
              
              (2,225,000
              )Cash
                  used in investing activities
              
              
              (600,000
              )
              
              
              (1,575,000
              )
              
              
              (2,725,000
              )Financing
                  ActivitiesIssuance
                  of common stock
              
              
              -
              
              
              
              -
              
              
              
              556,620Accrued
                  Interest
              
              
              102,071
              
              
              
              -
              
              
              
              102,071Issuance
                  of promissory notes payable
              
              
              417,000
              
              
              
              1,775,000
              
              
              
              2,492,000Due
                  to related party
              
              
              -
              
              
              
              3,100
              
              
              
              3,100Cash
                  from financing activities
              
              
              519,071
              
              
              
              1,778,100
              
              
              
              3,153,791Increase
                  (decrease) in cash during the period
              
              
              (320,137
              )
              
              
              179,422
              
              
              
              1,536Cash,
                  beginning of the period
              
              
              321,671
              
              
              
              (2,957
              )
              
              
              -Cash,
                  end of the period
              
              $
              1,536
              
              
              $
              176,465
              
              
              $
              1,536
   
 SEE
          ACCOMPANYING NOTES
   8
     **RAVEN
        GOLD CORP.**
 (formerly
        Riverbank Resources Inc.)
 (An
        Exploration Stage Company)
 INTERIM
        STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIENCY)
 from
        February 9, 2005 (Date of Inception) to October 31, 2007
 (Stated
        in US Dollars)
 (Unaudited)
    
 DeficitAccumulatedAdditional
              
              
              During
                  theCommon
                  Shares
              
              
              Paid-in
              
              
              Exploration*Number
              
              
              *Par
                  Value
              
              
              Capital
              
              
              Stage
              
              
              TotalCapital
                  stock issued for cash: - at $0.00001
              
              
              64,200,000
              
              
              $
              64,200
              
              
              $
              (57,780
              )
              
              $
              -
              
              
              $
              6,420-
                  at $0.005
              
              
              10,040,000
              
              
              
              10,040
              
              
              
              40,160
              
              
              
              -
              
              
              
              50,200Net
                  loss for the period February 9, 2005 (inception) to April 30,
                  2005
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              (7,290
              )
              
              
              (7,290
              )Balance,
                  as at April 30, 2005
              
              
              74,240,000
              
              
              
              74,240
              
              
              
              (17,620
              )
              
              
              (7,290
              )
              
              
              49,330Net
                  loss for the year
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              (50,917
              )
              
              
              (50,917
              )Balance,
                  as at April 30, 2006
              
              
              74,240,000
              
              
              
              74,240
              
              
              
              (17,620
              )
              
              
              (58,207
              )
              
              
              (1,587
              )Stock
                  issued for investment in Joint Venture at $0.50/share
              
              
              1,000,000
              
              
              
              1,000
              
              
              
              499,000
              
              
              
              -
              
              
              
              500,000Net
                  loss for the year
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              (154,581
              )
              
              
              (154,581
              )Balance,
                  as at April 30, 2007
              
              
              75,240,000
              
              
              
              75,240
              
              
              
              481,380
              
              
              
              (212,788
              )
              
              
              343,832Net
                  loss for the period
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              (246,428
              )
              
              
              (246,428
              )Balance,
                  as at October 31, 2007
              
              
              75,240,000
              
              
              $
              75,240
              
              
              $
              481,380
              
              
              $
              (459,216
              )
              
              $
              (97,404
              )
  SEE
          ACCOMPANYING NOTES
    9
   **RAVEN
        GOLD CORP.**
 (formerly
        Riverbank Resources Inc.)
 (An
        Exploration Stage Company)
 NOTES
        TO
        THE INTERIM FINANCIAL STATEMENTS
 October
        31, 2007
 (Stated
        in US Dollars)
 (Unaudited)
 
 
 Note
        1             Interim
        Reporting
 
 The
                  information presented in the accompanying interim three months
                  financial
                  statements is unaudited. The information includes all adjustments
                  which
                  are, in the opinion of management, necessary to present fairly
                  the
                  financial position, results of operations and cash flows for the
                  interim
                  periods presented.  These interim financial statements follow
                  the same accounting policies and methods of their application as
                  the
                  Company’s April 30, 2007 annual financial statements.  All
                  adjustments are of a normal recurring nature.  It is suggested
                  that these interim financial statements be read in conjunction
                  with the
                  Company’s April 30, 2007 annual financial
                  statements.
 
 Note
        2             Basis
        of Presentation
 
 These
                  financial statements have been prepared in accordance with generally
                  accepted accounting principles applicable to a going concern, which
                  assumes that the Company will be able to meet its obligations and
                  continue
                  its operations for its next twelve months.  Realization values
                  may be substantially different from carrying values as shown and
                  these
                  financial statements do not give effect to adjustments that would
                  be
                  necessary to the carrying values and classification of assets and
                  liabilities should the Company be unable to continue as a going
                  concern.  At October 31, 2007, the Company had not yet achieved
                  profitable operations, has accumulated losses of $459,216 since
                  its
                  inception, has a working capital deficiency of $2,627,596 (April
                  30, 2007
                  - $1,781,168) and expects to incur further losses in the development
                  of
                  its business, all of which casts substantial doubt about the Company’s
                  ability to continue as a going concern.  The Company’s ability
                  to continue as a going concern is dependent upon its ability to
                  generate
                  future profitable operations and/or to obtain the necessary financing
                  to
                  meet its obligations and repay its liabilities arising from normal
                  business operations when they come due.  Management has no
                  formal plan in place to address this concern but considers that
                  the
                  Company will be able to obtain additional funds by equity financing
                  and/or
                  related party advances, however there is no assurance of additional
                  funding being
                  available.
 
 The
        Company was incorporated in the State of Nevada on February 9, 2005 under
        the
        name of Riverbank Resources , Inc.
 
 Note
        3             Summary
        of Significant Accounting Policies
 
 
 The
        financial statements of the Company have been prepared in accordance with
        accounting principles generally accepted in the United States of
        America.  Because a precise determination of many assets and
        liabilities is dependent upon future events, the preparation of financial
        statements for a period necessarily involves the use of estimates, which
        have
        been made using careful judgement.  Actual results may vary from these
        estimates.
 
 The
        financial statements have, in management’s opinion been properly prepared within
        the framework of the significant accounting policies summarized
        below:
 
 
 10
   **RAVEN
        GOLD CORP.**
 (formerly
        Riverbank Resources Inc.)
 (An
        Exploration Stage Company)
 NOTES
        TO
        THE INTERIM FINANCIAL STATEMENTS
 October
        31, 2007
 (Stated
        in US Dollars)
 (Unaudited)
 
 
 Note
        3             Summary
        of Significant Accounting Policies– (cont’d)
 
 a)      Use
        of estimates
 
 In
        preparing financial statements in conformity with generally accepted accounting
        principles, management is required to make estimates and assumptions that
        affect
        the reported amounts of assets and liabilities and the disclosure of contingent
        assets and liabilities at the date of the financial statements and revenues
        and
        expenses during the reported period. Actual results could differ from those
        estimates.
 
 b)      Cash
        and Cash Equivalents
 
 For
        purposes of the cash flow statements, the Company considers all highly liquid
        investments with original maturities of three months or less at the time
        of
        purchaser to be cash equivalent.
 
 c)      Mineral
        Interest
 
 Pursuant
        to SFAS No. 141 and SFAS No. 142, as amended by EITF 04-02, mineral interest
        associated with other than owned are classified as tangible assets. The Company
        had capitalized $3,000 related to the mineral rights acquired in 2005 and
        which
        were impaired as of April 30, 2007.
 
 d)      Long-lived
        Assets
 
 The
        Company accounts for long-lived assets under the statements of Financial
        Accounting Standards Nos. 142 and 144 “Accounting for Goodwill and Other
        Intangible Assets” and “Accounting for Impairment or Disposal of Long-lived
        Assets” (“SFAS No. 142 and 144”). In accordance with SFAS No. 142 and 144,
        long-lived assets held and used by the Company are reviewed for impairment
        whenever events or changes in circumstances indicate that the carrying amount
        of
        an asset may not be recoverable. For purposes of evaluating the recoverability
        of long-lived assets, goodwill and intangible assets, the recoverability
        test is
        performed using undiscounted net cash flows related to the long-lived
        assets.
 
 e)      Foreign
        Currency Translation
 
 The
        Company’s functional currency is the United States dollar as substantially all
        of the Company’s operations were in the United States.  The Company
        uses the United States dollar as its reporting currency for consistency with
        registrants of the Securities and Exchange Commission (“SEC”) and in accordance
        with the SFAS No. 52.
 
 
 11
 
 
 **RAVEN
        GOLD CORP.**
 (formerly
        Riverbank Resources Inc.)
 (An
        Exploration Stage Company)
 NOTES
        TO
        THE INTERIM FINANCIAL STATEMENTS
 October
        31, 2007
 (Stated
        in US Dollars)
 (Unaudited)
 
 Note
        3             Summary
        of Significant Accounting Policies– (cont’d)
 
 e)      Foreign
        Currency Translation – (cont’d)
 
 Assets
        and liabilities dominated in a
        foreign currency were translated at the exchange rate in effect at the period
        end and capital accounts are translated at historical rates.  Income
        statement accounts are translated at the average rates of exchange prevailing
        during the period.  Translation adjustments arising from the use of
        difference exchange rates from period to period were included in the cumulative
        effect of foreign currency translation adjustment account in
        stockholders’ equity.
 
 Transactions
        undertaken in currencies other than the functional currency of the entity
        are
        translated using the exchange rate in effect as of the transaction
        date.  Any exchange gains and losses are included in the Statement of
        Operations.
 
 f)      Income
        Taxes
 
 The
        Company accounts for income taxes under the Statement of Financial Accounting
        Standards No. 109, “Accounting for Income Taxes” (“Statement 109”). Under
        Statement 109, deferred tax assets and liabilities are recognized for future
        tax
        consequences attributable to differences between the financial statement
        carrying amounts of existing assets and liabilities and their respective
        tax
        bases. Deferred tax assets and liabilities are measured using enacted tax
        rates
        expected to apply to taxable income in the years in which those temporary
        differences are expected to be recovered or settled. Under Statement 109,
        the
        effect on deferred tax assets and liabilities of a change in tax rates is
        recognized in income in the period that includes the enactment
        date.
 
 g)      Loss
        Per Share
 
 Basic
        and
        diluted net loss per common share is computed based upon the weighted average
        common shares outstanding as defined by Financial Accounting Standards No.
        128,
“Earnings Per Share.” As of October 31, 2007, there were no dilutive securities
        outstanding.
 
 h)      Business
        Segments
 
 The
        Company operates in one segment and therefore segment information is not
        presented
 
 Note
                  4
              Acquisition
                  of mineral Rights
 
 On
        April
        26, 2005, the Company acquired the mining rights to two claims collectively
        known as the Big Mike Border Gold property located in the Skeena Mining District
        of British Columbia, Canada, for a purchase price of $3,000. The Company
        received rights to all minerals contained in the Big Mike Border Gold
        property.
 
 12
 
  **RAVEN
        GOLD CORP.**
 (formerly
        Riverbank Resources Inc.)
 (An
        Exploration Stage Company)
 NOTES
        TO
        THE INTERIM FINANCIAL STATEMENTS
 October
        31, 2007
 (Stated
        in US Dollars)
 (Unaudited)
 
 Note
                  4
              Acquisition
                  of mineral Rights–(cont’d)
 
 On
        August
        23, 2006 the Company entered into an agreement with Tara Gold Resources Corp.,
        for the La Currita Property, which was effective as of May 30, 2006. According
        to the agreement the Company was to make payments of $50,000 on the 25th day of
        each month
        commencing June 2006 and ending April 2007. A final payment of $25,000 is
        to be
        made May 25, 2007. Furthermore, according to the agreement on October 26,
        2006,
        the Company issued and delivered to Tara Gold Resources Corp. 250,000 restricted
        shares of common stock. The Company has not made payments according to the
        scheduled required payments and has only paid a total of $150,000 against
        the
        scheduled required payments. An amount owing of $425,000 for the agreement
        is
        owing.
 
 On
        August
        23, 2006 the Company also entered into an agreement with Tara Gold Resources
        Corp., for the Las Minitas Property, which was effective as of June 1, 2006.
        According to the agreement the Company was to make payments of $75,000 on
        the
        date of the agreement, $225,000 by August 1, 2006, and a final payment of
        $300,000 was to be made November 1, 2006. Furthermore, according to the
        agreement on October 26, 2006, the Company issued and delivered to Tara Gold
        Resources Corp. 1,000,000 (post split) restricted shares of common stock.
        Upon
        payment of the balance, the Company will retain a 20% interest in this
        property.
 
 In
        May
        2007, the Company wire transferred $505,000 to Tara Gold Resources Corp.
        for a
        further interest in the La Currita Property.
 
 In
        June
        2007 the Company wire transferred an additional $95,000 to Tara Gold Resources
        Corp. for an additional further interest in the La Currita
        Property.
 
 Note
        5             Loans
 
 In
        May of
        2006, the Company received $3,000 in advances from its former president.
        The balance is non-interest bearing and due on demand
 
 On
        May
        25, 2006 the Company borrowed funds in the amount of $75,000 from Paradisus
        Investment Corp. The Company wired $75,000 on the same date to Tara Gold
        Resources Corp. as part of a purchase agreement between Raven Gold Corp.
        and
        Tara Gold Resources Corp. for “Las Minitas” property.
 
 On
        May
        26, 2006 the Company borrowed funds in the amount of $75,000 from Paradisus
        Investment Corp. The Company wired $75,000 on the same date to Tara Gold
        Resources Corp. as part of a purchase agreement between Raven Gold Corp and
        Tara
        Gold Resources Corp for “La Currita” property.
 
 
 13
 
 
 **RAVEN
        GOLD CORP.**
 (formerly
        Riverbank Resources Inc.)
 (An
        Exploration Stage Company)
 NOTES
        TO
        THE INTERIM FINANCIAL STATEMENTS
 October
        31, 2007
 (Stated
        in US Dollars)
 (Unaudited)
 
 
 Note
        5             Loans
– (cont’d)
 
 On
        June
        25, 2006 the Company borrowed $50,000 from RPMJ Corporate Communications
        Ltd.
        The Company wired $50,000 on the same date to Tara Gold Resources Corp. as
        part
        of the purchase agreement between Raven Gold Corp and Tara Gold Resources
        Corp
        for “La Currita” property.
 
 On
        June
        27, 2006 the Company borrowed $175,000 from Zander Investment Limited. The
        Company wired $175,000 on the same date to Tara Gold Resources Corp. as part
        of
        the purchase agreement between Raven Gold Corp. and Tara Gold Resources Corp.
        for “Las Minitas” property.
 
 On
        July
        27, 2006 the Company borrowed $50,000 from Zander Investment Limited. The
        Company wired $50,000 on the same date to Tara Gold Resources Corp. as part
        of
        the purchase agreement between Raven Gold Corp. and Tara Gold Resources Corp
        for
“La Currita” property.
 
 On
        August
        23, 2006 the Company borrowed $50,000 from Paradisus Investment Corp. The
        Company wired $50,000 on the same date to Tara Gold Resources Corp. as part
        of
        the purchase agreement between Raven Gold Corp. and Tara Gold Resources Corp
        for
“Las Minitas “property.
 
 On
        September 21, 2006 the Company borrowed $100,000 from Coach Capital, LLC.
        The
        Company wired $100,000 on the same date to Tara Gold Resources Corp. as part
        of
        the purchase agreement between Raven Gold Corp. and Tara Gold Resources Corp
        for
“Las Minitas “property.
 
 On
        October 3, 2006 the Company borrowed $200,000 from 1230144 Alberta Ltd.,
        a
        private corporation.
 
 On
        October 5, 2006 the Company borrowed $500,000 from Coach Capital, LLC. The
        Company wired $500,000 on the same date to Tara Gold Resources Corp. as part
        of
        the purchase agreement between Raven Gold Corp. and Tara Gold Resources Corp.,
        $75,000 for the “Las Minitas” and $425,000 for the “la Currita”
properties.
 
 On
        October 12, 2006 the Company borrowed $500,000 from Coach Capital, LLC. The
        company wired $500,000 on the same date to Tara Gold Resources Corp. to invest
        in the Start-Up Capital to be repaid from 60% of the net operating revenue
        derived from “La Currita” property.
 
 On
        January 25, 2007 the Company wired $50,000 to Tara Gold Corp. as part of
        the
        purchase agreement between Raven Gold Corp. and Tara Gold Resources Corp
        for “La
        Currita” property.
 
 On
        May
        15, 2007 the Company borrowed $205,000 from Coach Capital, LLC. The company
        wired $205,000 on the same date to Tara Gold Resources Corp. as part of the
        purchase agreement between Raven Gold Corp. and Tara Gold Resources Corp
        for “La
        Currita” property.
 
 
 
 14
 **RAVEN
        GOLD CORP.**
 (formerly
        Riverbank Resources Inc.)
 (An
        Exploration Stage Company)
 NOTES
        TO
        THE INTERIM FINANCIAL STATEMENTS
 October
        31, 2007
 (Stated
        in US Dollars)
 (Unaudited)
 
 Note
        5             Loans
– (cont’d)
 
 On
        June
        13, 2007 the Company borrowed $100,000 from Coach Capital, LLC. The company
        wired $100,000 on the same date to Tara Gold Resources Corp. as part of the
        purchase agreement between Raven Gold Corp. and Tara Gold Resources Corp
        for “La
        Currita” property.
 
 On
        July
        26, 2007 the Company borrowed $100,000 from Coach Capital, LLC. The company
        wired $100,000 on the same date to Tara Gold Resources Corp. as part of the
        purchase agreement between Raven Gold Corp. and Tara Gold Resources Corp
        for “La
        Currita” property.
 
 On
        October 2, 2007 the Company borrowed $12,000 from Coach Capital, LLC for
        operations.
 
 At
        October 31, 2007 the Company had promissory notes outstanding totalling
        $2,492,000 which are unsecured, bear interest at 10% per annum and are due
        on
        demand.   These notes are due from companies who are shareholders
        of the Company.  The Company has recorded interest of $102,071 as
        interest expense on the promissory notes.
 
 Note
                  6
              Stockholders’
                  Equity
 
 During
        2005, the Company issued 6,420,000 shares of common stock to its founders
        for
        cash of $6,420 ($0.001 per share)
 
 During
        2005, the Company issued 1,004,000 shares of common stock for cash of $50,200
        ($0.05 per share).
 
 In
        June
        2006 the Company performed a 5:1 forward split of its common stock for a
        total
        of 37,120,000 shares issued and outstanding.
 
 On
        October 6, 2006 the Company entered into an agreement to acquire certain
        mineral
        properties from Tara Gold Resources Corp. Terms of the agreement required
        the
        Company to issue 500,000 restricted shares of common stock of the Company.
        On
        October 6 the Company issued the required restricted common stock of the
        Company
        for a stock subscription price of $100,000 ($0.20 per share).
 
 In
        March
        2007 the Company increased the authorized capital of common stock to
        500,000,000.
 
 In
        March
        2007 the Company performed a 2:1 forward split of its common stock for a
        total
        of 75,240,000 shares issued and outstanding.




15





**Item
      2. Management's Discussions and Analysis or Plan of
      Operation**




**Forward-Looking
      Statements**





Some
      of
      the statements contained in this Form 10-QSB that are not historical facts
      are
“forward-looking statements” which can be identified by the use of terminology
      such as “estimates,” “projects,” “plans,” “believes,” “expects,” “anticipates,”
“intends,” or the negative or other variations, or by discussions of strategy
      that involve risks and uncertainties. We urge you to be cautious of the
      forward-looking statements, that such statements, which are contained in this
      Form 10-QSB, reflect our current beliefs with respect to future events and
      involve known and unknown risks, uncertainties and other factors affecting
      our
      operations, market growth, services, products and licenses. No assurances can
      be
      given regarding the achievement of future results, as actual results may differ
      materially as a result of the risks we face, and actual events may differ from
      the assumptions underlying the statements that have been made regarding
      anticipated events. Some of the factors that may cause actual results, our
      performance or achievements, or industry results, to differ materially from
      those contemplated by such forward-looking statements include without limitation
      the following:




•
            our
                ability to attract and retain
                management;




•
            our
                growth strategies;




•
            anticipated
                trends in our business;




•
            environmental
                risks;




•
            exploration
                and development risks;




•
            competition;




•
            the
                ability of our management team to execute its plans to meet its
                goals;




•
            general
                economic conditions, whether internationally, nationally or in the
                regional and local market areas in which we are doing business, that
                may
                be less favorable than expected;
                and




•
            other
                economic, competitive, governmental, legislative, regulatory, geopolitical
                and technological factors that may negatively impact our businesses,
                operations and pricing.




All
      written and oral forward-looking statements made in connection with this Form
      10-QSB that are attributable to us or persons acting on our behalf are expressly
      qualified in their entirety by these cautionary statements. Given the
      uncertainties that surround such statements, you are cautioned not to place
      undue reliance on such forward-looking statements.




**Overview**




Raven
      Gold Corp. ("the Company", "we", "us") was incorporated in the state of Nevada
      on February 9, 2005. On April 26, 2005, the Company entered into a Purchase
      and
      Sale Agreement with Gudmund Lovang, an individual residing in North Vancouver
      British Columbia, whereby he sold to us a 100% undivided right title and
      interest in one mineral claim located in the Skeena Mining Division of British
      Columbia, Canada known as the Big Mike mineral property. We acquired this
      interest in the Big Mike property by paying $3,000 to Mr. Lovang. During the
      year ended April 30, 2006 the Company decided to discontinue exploration work
      on
      the Big Mike mineral project property and consequently the mineral rights were
      impaired 100%.




In
      August
      of 2006 and effective as of June 1, 2006 we entered an agreement with Tara
      Gold
      Resources Corp for the "Las Minitas" property. The Las Minitas Property is
      located in Sonora, Mexico, approximately 40 air kilometers northwest of the
      town
      of Alamos. The property lies at the western edge of the province known as the
      Sierra Madre Occidental gold-silver belt where a number of successful
      gold/silver exploration projects are ongoing. Historical information regarding
      Las Minitas indicates three mineralized zones of interest that contain an
      estimated of 13,534,398 million tonnes of ore grading 7.58 oz/t silver and
      0.0089 oz/t gold. Metallurgical testing indicates that recoveries of 90% for
      both silver and gold may be achievable by cyanidation alone. We plan to focus
      our initial efforts on the validation of the previous exploration work that
      outlined three wide, high-grade, lode-type mineralized bodies: the North,
      Central, and El Negro zones, with postulated strike lengths of 400, 500, and
      700
      meters respectively. These three zones are considered to be outstanding precious
      metal exploration targets and Tara Gold is currently developing a plan to
      confirm previous findings and conduct a focused sampling and drilling
      program.






16






In
      addition, in August of 2006 and effective as of May 30, 2006 we entered an
      agreement with Tara Gold Resources Corp for the "La Currita" property. In this
      agreement Raven Gold Corp. has the option to earn up to 60% interest in the
      La
      Currita Groupings by making certain payments to Tara Gold, issuing 750,000
      shares, making all remaining property payments and by spending a minimum of
      $3.5
      million over the next 36 months. In addition to the capital investment on
      exploration and mill expansion, we are required to expand the La Currita Mill
      to
      a minimum of 4,000 tons per month before earning 40% and a minimum of 8,000
      tons
      per month before earning 60% interest. The property includes 4 mines, a 150
      ton/day operating floatation mill and stockpiled ore. The La Currita mine was
      in
      steady production from 1983 until 1998. A diamond drilling exploration program
      conducted in 1998 indicated 109,000 tons of 2.59 g/t Au and 200 g/t Ag. La
      Currita Groupings are located in the Sierra Madre Gold-Silver belt.





On
      February 23, 2007, we filed a Certificate of
      Amendment to our Articles of Incorporation, as amended, (the “Amendment”) with
      the Secretary of State of the State of Nevada that was effective as of March
      5,
      2007, to increase our authorized common stock from 69,000,000 shares to
      500,000,000 shares (the “Increase”). In addition, we filed the Amendment to
      effect a forward split (the “Forward Split”) of all of our shares of common
      stock issued and outstanding as of the close of business on March 5, 2007 (the
      “Split Date”), whereby we issued for every 1 share of our common stock issued
      and outstanding as of the close of business on the Split Date, 1 additional
      share of our common stock.





Effective
      as of March 6, 2007, in connection with the Forward Split, our Common Stock
      commenced trading under the new ticker symbol “RVNG.OB”.





On
      May 3,
      2007, we entered into the La Currita Groupings Agreement (the "Groupings
      Agreement") with Tara Gold Resources Corp. ("Tara") setting forth the agreements
      reached by our company and Tara to amend and replace in its entirety the Joint
      Venture Agreement (the "JV Agreement") dated August 23, 2006, entered into
      by
      and among our company, Tara and Corporacion Amermin S.A. de C.V., a 97% owned
      subsidiary of Tara ("Amermin"), as amended by Amendment No. 1 to JV Agreement
      dated March 30, 2007, pursuant to which we agreed to acquire certain rights,
      including but not limited to, the following: (1) to earn an initial 25%
      undivided interest in La Currita Groupings ("La Currita"), conditional on our
      company making certain payments to Tara; (2) acquiring the right to increase
      our
      interest in La Currita to 40%, by meeting certain notice and payment terms
      of
      the Agreement; and (3) acquiring the right to increase our interest in La
      Currita to 60%, by meeting certain notice and payment terms of the Agreement,
      all as more fully set forth in the Agreement, a copy of which was filed as
      Exhibit 10.1 to our Current Report on Form 8-K filed with the United States
      Securities and Exchange Commission (the "SEC") on May 9, 2007.





Our
      financial results depend upon many factors, particularly the price of gold
      and
      silver and our ability to market our production. Commodity prices are affected
      by changes in market demands, which are impacted by overall economic activity,
      basis differentials and other factors. As a result, we cannot accurately predict
      future gold and silver prices, and therefore, we cannot determine what effect
      increases or decreases will have on our capital program, production volumes
      and
      future revenues. In addition to production volumes and commodity prices, finding
      and developing sufficient amounts of gold and silver reserves at economical
      costs are critical to our long-term success.





17




**Results
      of Operations**





***Three
      Months Ended October 31, 2007 Compared to Three Months Ended October 31,
      2006***





Revenues
      were $0 for the three months ended October 31, 2007 compared to $0 for the
      three
      months ended October 31, 2006. There was no increase or decrease in
      revenues.





We
      did
      not incur any exploration expenses during the three months ended October 31,
      2007 and 2006, as we have not commenced the exploration stage of our business.
      As we did not earn any revenues for three months ended October 31, 2007, our
      cost of revenues for three months ended October 31, 2007 was $0.





Our
      professional fees, including legal, accounting and public relations fees, were
      $44,016 for the three months ended October 31, 2007, as compared to $6,812
      during the three months ended October 31, 2006. The primary reason for the
      increase of $37,204 or 546% was due to having to pay legal retainer fees and
      legal costs incurred in relation to the mineral properties.





Our
      general and administrative expenses were $54,390 for the three months ended
      October 31, 2007, as compared to $337 during the three months ended October
      31,
      2006. This is mainly due to an increase in salaries paid for administrative
      staff and office rental.





Our
      listing and filings fees expenses during the three months ended October 31,
      2007
      decreased approximately 61% from $19,165 to $7,297 during the three months
      ended
      October 31, 2006. The primary reasons for the decrease were due to a lesser
      number of transactions during the period.





Our
      interest expense during the three months ended October 31, 2007 increased by
      $45,496 as compared to $0 for the three months ended October 31, 2006. This
      increase is due to promissory notes issued by the Company for loans which
      started accruing interest effective May 1, 2007.





Total
      expenses for the three months ended October 31, 2007 were $150,358 as compared
      to $27,607 for the three months ended October 31, 2006, representing an increase
      in total expenses of $122,751 or 444%.





Our
      net
      loss for the three months ended October 31, 2007 was $150,358 compared to a
      net
      loss of $27,607 for three months ended October 31, 2006, an increase of
      $122,751, or 444%. The net loss increase was primarily due to an increase in
      total expenses as explained above.





***Six
      Months Ended October 31, 2007 Compared to Six Months Ended October 31,
      2006***





Revenues
      were $0 for the six months ended October 31, 2007 compared to $0 for the six
      months ended October 31, 2006. There was no increase or decrease in
      revenues.





We
      did
      not incur any exploration expenses during the six months ended October 31,
      2007
      and 2006, as we have not commenced the exploration stage of our business. As
      we
      did not earn any revenues for six months ended October 31, 2007, our cost of
      revenues for six months ended October 31, 2007 were $0.





Our
      professional fees, including legal, accounting and public relations fees, were
      $55,920 for the six months ended October 31, 2007, as compared to $13,039 during
      the six months ended October 31, 2006. The primary reason for the increase
      of
      $42,881 or 329% was due to having to pay legal retainer fees and legal costs
      incurred in relation to the mineral properties.





Our
      general and administrative expenses were $65,102 for the three months ended
      October 31, 2007, as compared to $368 during the six months ended October 31,
      2006. This is mainly due to an increase in salaries paid for administrative
      staff and office rental.





Our
      listing and filings fees expenses during the three months ended October 31,
      2007
      decreased approximately 34.6% from $19,585 to $12,806 during the six months
      ended October 31, 2006. The primary reasons for the decrease were due to a
      lesser number of transactions during the period.





Our
      interest expense during the six months ended October 31, 2007 increased by
      $102,073 as compared to $0 for the six months ended October 31, 2006. This
      increase is due to promissory notes issued by the Company for loans which
      started accruing interest effective May 1, 2007.





Total
      expenses for the six months ended October 31, 2007 were $246,428 as compared
      to
      $34,285 for the six months ended October 31, 2006, representing an increase
      in
      total expenses of $212,143 or 618%.





Our
      net
      loss for the six months ended October 31, 2007 was $246,428 compared to a net
      loss of $34,285 for six months ended October 31, 2006, an increase of $212,143,
      or 618%. The net loss increase was primarily due to an increase in total
      expenses as explained above.





18





**Liquidity
      and Capital Resources**





Our
      total
      current assets as of October 31, 2007 were $1,536, including $1,536 in cash
      as
      compared with $321,671 in total current assets as of April 30, 2007, which
      included cash of $321,671. Additionally, we had a shareholders deficiency in
      the
      amount of $459,216 as of October 31, 2007 as compared to shareholders’
deficiency of $212,788 as of April 30, 2007. We have historically incurred
      losses and have financed our operations through loans and from the proceeds
      of
      the corporation selling shares of our common stock privately.





We
      had
      $239,208  of negative cashflow (cash outflow) from operating
      activities for the six months ended on October 31, 2007, compared to a negative
      cash flow of $23,678 for the six months ended October 31, 2006, an increase
      in
      cash outflow of approximately 910 % or $215,530.





We
      had
      $519,071 of cash inflow from financing activities during the six months ended
      October 31, 2007, as compared to $1,778,100 of cash flow from financing
      activities for the six months ended October 31, 2006, attributable to issuance of promissory notes for loans.




We
      had
      $600,000 cash outflow from investing activities for the six months ended on
      October 31, 2007, as compared to $1,575,000 cash outflow from investing
      activities during the six months ended on October 31, 2006.




The
      on-going negative cash flow from operations raises substantial doubt about
      the
      Company's ability to continue as a going concern. The ability of the Company
      to
      continue as a going concern is dependent on the Company's ability to raise
      additional capital and implement its business plan.




The
      Company has not realized any revenues since inception, and for the six month
      period ended October 31, 2007, and it is presently operating at an ongoing
      deficit.




We
      have
      not attained profitable operations and will require additional funding in order
      to cover the anticipated professional fees and general administrative expenses
      and to proceed with the anticipated investigation to identify and purchase
      new
      mineral properties worthy of exploration or any other business opportunities
      that may become available to the company. The Company anticipates that
      additional funding will be required in the form of equity financing from the
      sale of the company's common stock. However, the Company cannot provide
      investors with any assurance that it will be able to raise sufficient funding
      from the sale of its common stock to fund the purchase and the development
      of
      any future projects. The Company believes that debt financing will not be an
      alternative for funding future corporate programs. The Company does not have
      any
      arrangements in place for any future equity financings.




**Off
      Balance Sheet Arrangements**




We
      do not
      have any off balance sheet arrangements that are reasonably likely to have
      a
      current or future effect on our financial condition, revenues, results of
      operations, liquidity or capital expenditures.






**CRITICAL
      ACCOUNTING POLICIES**




We
      have
      identified the policies outlined below as critical to our business operations.
      The list is not intended to be a comprehensive list of all of our accounting
      policies. In many cases, the accounting treatment of a particular transaction
      is
      specifically dictated by accounting principles generally accepted in the United
      States, with no need for management's judgment in their application. The impact
      and any associated risks related to these policies on our business operations
      are discussed throughout Management's Plan of Operations where such policies
      affect our reported and expected financial results. Note that our preparation
      of
      the financial statements requires us to make estimates and assumptions that
      affect the reported amount of assets and liabilities, disclosure of contingent
      assets and liabilities at the date of our financial statements, and the reported
      amounts of revenue and expenses during the reporting period. There can be no
      assurance that actual results will not differ from those estimates.




**Mineral
      Interest**




Pursuant
      to SFAS No. 141 and SFAS No. 142, as amended by EITF 04-02, mineral interest
      associated with other than owned properties are classified as tangible assets.
      The mineral rights will be amortized using the units-of-production method when
      production at each project commences.




**Long-lived
      Assets**




The
      Company accounts for long-lived assets under the statements of Financial
      Accounting Standards Nos. 142 and 144 “Accounting for Goodwill and Other
      Intangible Assets” and “Accounting for Impairment or Disposal of Long-lived
      Assets” (“SFAS No. 142 and 144”). In accordance with SFAS No. 142 and 144,
      long-lived assets held and used by the Company are reviewed for impairment
      whenever events or changes in circumstances indicate that the carrying amount
      of
      an asset may not be recoverable. For purposes of evaluating the recoverability
      of long-lived assets, goodwill and intangible assets, the recoverability test
      is
      performed using undiscounted net cash flows related to the long-lived
      assets.





19




**Income
      Taxes**





The
      Company accounts for income taxes under the Statement of Financial Accounting
      Standards No. 109, “Accounting for Income Taxes” (“Statement 109”). Under
      Statement 109, deferred tax assets and liabilities are recognized for future
      tax
      consequences attributable to differences between the financial statement
      carrying amounts of existing assets and liabilities and their respective tax
      bases. Deferred tax assets and liabilities are measured using enacted tax rates
      expected to apply to taxable income in the years in which those temporary
      differences are expected to be recovered or settled. Under Statement 109, the
      effect on deferred tax assets and liabilities of a change in tax rates is
      recognized in income in the period that includes the enactment
      date.




**Going
      Concern**




As
      reflected in the accompanying financial statements, the Company is in the
      exploration stage and has not commenced the exploration stage of its business
      and has a negative cash flow from operations of $80,255 from inception. This
      raises substantial doubt about its ability to continue as a going concern.
      The
      ability of the Company to continue as a going concern is dependent on the
      Company's ability to raise additional capital and implement its business plan.
      The financial statements do not include any adjustments that might be necessary
      if the Company is unable to continue as a going concern.




Management
      believes that actions presently being taken to obtain additional funding and
      implement its strategic plans provide the opportunity for the Company to
      continue as a going concern.




We
      currently do not have enough cash to satisfy our minimum cash requirements
      for
      the next twelve months. In addition, we will require additional funds to expand
      operations.




**Recent
      Accounting Pronouncements**




Statement
      of Financial Accounting Standards ("SFAS") No. 151, "Inventory Costs - an
      amendment of ARB No. 43, Chapter 4"" SFAS No. 152, "Accounting for Real Estate
      Time-Sharing Transactions - an amendment of FASB Statements No. 66 and 67,"
      SFAS
      No. 153, "Exchanges of Non-monetary Assets - an amendment of APB Opinion No.
      29," and SFAS No. 123 (revised 2004), "Share-Based Payment," were recently
      issued. SFAS No. 151, 152, 153 and 123 (revised 2004) have no current
      applicability to the Company and have no effect on the financial
      statements.




SFAS
      155,
      Accounting for certain Hybrid Financial Instruments and SFAS 156, Accounting
      for
      servicing of Financial Assets were recently issued. SFAS 155 and 156 have no
      current applicability to the Company and have no effect on the financial
      statements.




In
      May
      2005, the FASB issued SFAS 154, Accounting Changes and Error Corrections. This
      Statement replaces APB Opinion No. 20, Accounting Changes, and FASB statement
      No
      3, Reporting Accounting Changes in Interim Financial Statements, and changes
      the
      requirements for the accounting for and reporting of a change in accounting
      principle. This (Expressed in U.S. Dollars) Statement applies to all voluntary
      changes in accounting principle. It also applies to changes required by an
      accounting pronouncement in the usual instance that the pronouncement does
      not
      include specific transition provisions. SFAS 154 also requires that a change
      in
      depreciation, amortization or depletion method for long-lived, non-financial
      assets be accounted for as a change in accounting estimate effected by a change
      in accounting principle. This Statement is effective in fiscal years beginning
      after December 15, 2005. The Company has not yet determined the effect of
      implementing this standard.







**Item
      3. Controls and Procedures**




Our
      management, which includes our Chief Executive Officer and our Chief Financial
      Officer, have conducted an evaluation of the effectiveness of our disclosure
      controls and procedures (as defined in Rule 13a-14(c) promulgated under the
      Securities and Exchange Act of 1934, as amended) as of a date (the "Evaluation
      Date") as of the end of the period covered by this report. Based upon that
      evaluation, our management has concluded that our disclosure controls and
      procedures are effective for timely gathering, analyzing and disclosing the
      information we are required to disclose in our reports filed under the
      Securities Exchange Act of 1934, as amended. There have been no significant
      changes made in our internal controls or in other factors that could
      significantly affect our internal controls subsequent to the end of the period
      covered by this report based on such evaluation.





**PART
      II - OTHER INFORMATION**





**Item
      1. Legal Proceedings**





The
      Company is not currently a party to, nor is any of its property currently the
      subject of, any pending legal proceeding. None of the Company's directors,
      officers or affiliates is involved in a proceeding adverse to the Company's
      business or has a material interest adverse to the Company's
      business.





20




**Item
      2. Unregistered Sales of Equity Securities and Use of
      Proceeds**




None.




**Item
      3. Defaults Upon Senior Securities**




None





**Item
      4. Submission of Matters to a Vote of Security Holders**




None




**Item
      5. Other Information**





On
      July
      10, 2007 Mr. Michael Sandidge was appointed as a member of the Board of
      Directors of the Company. Mr. Sandidge is a Registered Professional Geologist
      in
      a state of Washington, and has a Master's Degree in Geological Sciences from
      the
      University of Texas at El Paso. He has worked as an exploration geologist for
      more than 20 years, having worked in more than 50 countries. His broad range
      of
      experience includes porphyry copper, copper-gold systems in Mexico and South
      America and southwest Pacific, IOCG (Iron Oxide Copper Gold) in Chile,
      epithermal precious metal systems in Latin America, sedimentary-hosted base
      metal deposits in Latin America, ultramafic-mafic base metal-PGM deposits in
      Scandinavia and northwest Russian Federation, and sediment-hosted uranium
      deposit types in western United States. He has authored or co-authored more
      than
      15 scientific articles relating to structural geology, metallogenesis, and
      tectonics. Mr. Sandidge has affiliations with the Society of Economic
      Geologists, the Society of Geology Applied to Mineral Deposits, is a qualified
      person under NI 43-101 (Canadian National Instrument Qualified Person
      standards), and is a Washington State Professional Geologist.




On
      July
      19, 2007 Mr. Francis D.A. Forbes III was appointed as a member of the Board
      of
      Directors of the Company.




Mr.
      Forbes resides predominantly in
      Mexico and specializes in consulting to companies doing business in Mexico.
      Mr.
      Forbes, is fluent in English, French and Spanish and was born in Koln, West
      Germany.Mr. Forbes has
      been instrumental in many projects in Mexico, due to his political and
      government contacts. Many of these projects include major real estate and land
      developments.




Currently
      the Board of Directors of the Company consists of six directors: Mr. Gary
      Haukeland, Mr. Blair Naughty, Mr. David Michaud, Mr. Laurence Stephenson, Mr.
      Sandidge and Mr. Forbes. The officers of the Company are as follows: Mr. Blair
      Naughty is a President and CEO, Mr. Bashir Virgi is the CFO of the
      Company.




**Item
      6. Exhibits**








**Exhibit
                Number**
            
            **Description**31.1
            
            Certification
                by Chief Executive Officer, required by Rule 13a-14(a) or Rule 15d-14(a)
                of the Exchange Act.31.2
            
            Certification
                by Chief Financial Officer, required by Rule 13a-14(a) or Rule 15d-14(a)
                of the Exchange Act.32.1
            
            Certification
                by Chief Executive Officer, required by Rule 13a-14(b) or Rule 15d-14(b)
                of the Exchange Act and Section 1350 of Chapter 63 of Title 18 of
                the
                United States Code.32.2
            
            Certification
                by Chief Financial Officer, required by Rule 13a-14(b) or Rule 15d-14(b)
                of the Exchange Act and Section 1350 of Chapter 63 of Title 18 of
                the
                United States Code.





21




**SIGNATURES**




Pursuant
      to the requirements of Section 13 or 15(d) of
      the Securities Exchange Act of 1934, the registrant has duly caused this report
      to be signed on its behalf by the undersigned, thereunto duly
      authorized.




**RAVEN
                GOLD
                CORP.**/s/*Bashir
                Virji*
            
            
            /s/
*Blair
                Naughty*Bashir
                  Virji
            
            
            Blair
                  NaughtyChief
                  Financial Officer, acting Principal Financial Officer, and
                acting
                  Principal Accounting Officer
            
            
            Chief
                  Executive Officer and President


December
        14, 2007






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