**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 **July 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) (Postal or Zip Code)




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 $0.001 par value Common
      Stock issued and outstanding as of September 10, 2007.


1





**TABLE
      OF CONTENTS**







PART
                I. FINANCIAL INFORMATION**Page**ITEM 1.
            Financial
                Statements (unaudited)
            2Balance
                Sheets at July 31, 2007 and April 30, 2007
            5Statements
                of Operations for the three and nine months ended July 31, 2007 and
                2006
            6Statement
                of Cash Flows for the nine months ended July 31, 2007 and
                2006
            7Notes
                to Financial Statements
            8
                - 14ITEM 2
            Management’s
                Discussion and Analysis or Plan of Operation15ITEM 3
            Controls
                and Procedures
            17PART
                II. OTHER INFORMATIONITEM 1
            Legal
                Proceedings
            18ITEM 2.
            Unregistered
                Sales of Equity Securities and Use of Proceeds
            18ITEM 3.
            Defaults
                Upon Senior Securities
            18ITEM 4.
            Submission
                of Matters to a Vote of Security Holders.
            18ITEM 5.
            Other
                Information
            18ITEM 6
            Exhibits
            18Signatures
            19






**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 months ended July 31, 2007 are not necessarily
      indicative of the results that can be expected for the year ending April 30,
      2008.








2




**RAVEN
        GOLD CORP.**
 (formerly
        Riverbank Resources Inc.)
 (An
        Exploration Stage Company)
 INTERIM
        FINANCIAL STATEMENTS
 July
        31,
        2007
 (Stated
        in US Dollars)
 (Unaudited)
  
 3
 
 **MOORE
          & ASSOCIATES, CHARTERED**
 ***ACCOUNTANTS
          AND ADVISORS***
 ***PCAOB
          REGISTERED***
 
 
 **Report
          of Independent Registered Public Accounting Firm**
 
 To
          the
          Board of Directors
 Raven
          Gold Corp.
 (formerly
          Riverback Resources Inc.)
 (An
          Exploration Stage Co.)
 
 We
          have
          reviewed the accompanying balance sheet of Raven Gold Corp. as of July
          31, 2007,
          and the related statements of operations, retained earnings, and cash flows
          for
          the three 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
 September
          11, 2007
  
   
  
  
   
   ***2675
          S. JONES BLVD. SUITE 109, LAS VEGAS, NEVADA 89146 (702) 253-7499 Fax:
          (702)253-7501***
     4
   **RAVEN
        GOLD CORP.**
 (formerly
        Riverbank Resources Inc.)
 (An
        Exploration Stage Company)
 INTERIM
        BALANCE SHEETS
 July
        31,
        2007 and April 30, 2007
 (Stated
        in US Dollars)
 (Unaudited)
   
 
 July
                  31,
              
              
              April
                  30,**ASSETS**
              
              2007
              
              
              2007CurrentCash
                  and Equivalents
              
              $
              97,994
              
              
              $
              321,671Prepaid
                  Expenses
              
              
              1,500
              
              
              
              -99,494
              
              
              
              321,671Investment
                  in Joint Venture
              
              
              500,000
              
              
              
              500,000Mineral
                  Properties
              
              
              2,225,000
              
              
              
              1,625,000$
              2,824,494
              
              
              $
              2,446,671**LIABILITIES**CurrentAccounts
                  Payable
              
              $
              37,055
              
              
              $
              24,739Advances
                  from Related party
              
              
              3,100
              
              
              
              3,100Accrued
                  Interest
              
              
              56,577
              
              
              
              -Loans
                  Payable
              
              
              2,480,000
              
              
              
              2,075,0002,576,732
              
              
              
              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 July 31, 2007 and as of April 30, 2007
              
              
              75,240
              
              
              
              75,240Additional
                  paid-in capital
              
              
              481,380
              
              
              
              481,380Deficit
                  accumulated during the exploration stage
              
              
              (308,858
              )
              
              
              (212,788
              )247,762
              
              
              
              343,832$
              2,824,494
              
              
              $
              2,446,671
 
   
 5
   **RAVEN
        GOLD CORP.**
 (formerly
        Riverbank Resources Inc.)
 (An
        Exploration Stage Company)
 INTERIM
        STATEMENTS OF OPERATIONS
 for
        the
        three months ended July 31, 2007 and 2006 and
 for
        the
        period from February 9, 2005 (Date of Inception) to July 31, 2007
 (Stated
        in US Dollars)
 (Unaudited)
 
 February
                  9, 2005(Date
                  ofThree
                  months ended
              
              
              Inception)
                  toJuly
                  31,
              
              
              July
                  31,2007
              
              
              2006
              
              
              2007ExpensesExploration
                  costs and expenses
              
              $
              6,286
              
              
              $
              -
              
              
              $
              36,036Professional
                  fees
              
              
              11,904
              
              
              
              6,227
              
              
              
              90,436General
                  and administrative
              
              
              10,712
              
              
              
              31
              
              
              
              51,880Listing
                  and filing
              
              
              5,509
              
              
              
              420
              
              
              
              38,174Investor
                  relations
              
              
              5,000
              
              
              
              -
              
              
              
              29,947Total
                  expenses
              
              
              39,411
              
              
              
              6,678
              
              
              
              246,473Loss
                  before other items
              
              
              (39,411
              )
              
              
              (6,678
              )
              
              
              (246,473
              )Other
                  Income and ExpensesInterest
                  Expense
              
              
              (56,577
              )
              
              
              -
              
              
              
              (56,577
              )Impairment
                  (loss) of Mineral Rights
              
              
              -
              
              
              
              -
              
              
              
              (3,000
              )Foreign
                  Currency transaction (loss)
              
              
              (82
              )
              
              
              -
              
              
              
              (2,808
              )Net
                  loss for the period
              
              $
              (96,070
              )
              
              $
              (6,678
              )
              
              $
              (308,858
              )Basic
                  and diluted loss per share – continuing operations
              
              $
              (0.00
              )
              
              $
              (0.00
              )Weighted
                  average number of shares outstanding
              
              
              75,240,000
              
              
              
              37,120,000
     6
  **RAVEN
        GOLD CORP.**
 (formerly
        Riverbank Resources Inc.)
 (An
        Exploration Stage Company)
 INTERIM
        STATEMENTS OF CASH FLOWS
 for
        the
        three months ended July 31, 2007 and 2006 and
 for
        the
        period from February 9, 2005 (Date of Inception) to July 31, 2007
 (Stated
        in US Dollars)
 (Unaudited)
 
 
 February
                  9, 2005(Date
                  ofThree
                  months ended
              
              
              Inception)
                  toJuly
                  31,
              
              
              July
                  31,2007
              
              
              2006
              
              
              2007Operating
                  ActivitiesNet
                  loss for the period
              
              $
              (96,070
              )
              
              $
              (6,678
              )
              
              $
              (308,858
              )Adjustments
                  to reconcile net loss to net cash used in operating
                  activities:Prepaid
                  expenses
              
              
              (1,500
              )
              
              
              -
              
              
              
              (1,500
              )Accounts
                  payable and expenses
              
              
              14,758
              
              
              
              3,674
              
              
              
              39,497Cash
                  used in operating activities
              
              
              (82,812
              )
              
              
              (3,004
              )
              
              
              (270,861
              )Investing
                  ActivitiesInvestment
                  in Joint Venture
              
              
              -
              
              
              
              -
              
              
              
              (500,000
              )Purchase
                  of mineral rights
              
              
              (600,000
              )
              
              
              (425,000
              )
              
              
              (2,225,000
              )Cash
                  used in investing activities
              
              
              (600,000
              )
              
              
              (425,000
              )
              
              
              (2,725,000
              )Financing
                  ActivitiesIssuance
                  of common stock
              
              
              -
              
              
              
              -
              
              
              
              556,620Accrued
                  Inteest
              
              
              56,577
              
              
              
              
              
              
              
              56,577Issuance
                  of promissory notes payable
              
              
              405,000
              
              
              
              425,000
              
              
              
              2,480,000Due
                  to related party
              
              
              -
              
              
              
              3,100
              
              
              
              3,100Bank
                  overdraft
              
              
              (2,442
              )
              
              
              -
              
              
              
              (2,442
              )Cash
                  from financing activities
              
              
              459,135
              
              
              
              428,100
              
              
              
              3,093,855Increase
                  (decrease) in cash during the period
              
              
              (223,677
              )
              
              
              96
              
              
              
              97,994Cash,
                  beginning of the period
              
              
              321,671
              
              
              
              -
              
              
              
              -Cash,
                  end of the period
              
              $
              97,994
              
              
              $
              96
              
              
              $
              97,994
 
    7
  **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 July 31, 2007
 (Stated
        in US Dollars)
 (Unaudited)
    DeficitAccumulatedDuring
                  theCommon
                  Shares
              
              
              Paid-in
              
              
              Additional
              
              
              Development*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
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              (96,070
              )
              
              
              (96,070
              )Balance,
                  as at July 31, 2007
              
              
              75,240,000
              
              
              $
              75,240
              
              
              $
              481,380
              
              
              $
              (308,858
              )
              
              $
              (247,762
              )
     8
  **RAVEN
        GOLD CORP.**
 (formerly
        Riverbank Resources Inc.)
 (An
        Exploration Stage Company)
 NOTES
        TO
        THE INTERIM FINANCIAL STATEMENTS
 July
        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 July 31, 2007, the Company had not yet achieved
                  profitable operations, has accumulated losses of $308,858 since
                  its
                  inception, has a working capital deficiency of $2,477,238 (April
                  30, 2007
                  - $2,031,168) 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:
   9
 
 **RAVEN
        GOLD CORP.**
 (formerly
        Riverbank Resources Inc.)
 (An
        Exploration Stage Company)
 NOTES
        TO
        THE INTERIM FINANCIAL STATEMENTS
 July
        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.
 
 
 
 10
 
 **RAVEN
        GOLD CORP.**
 (formerly
        Riverbank Resources Inc.)
 (An
        Exploration Stage Company)
 NOTES
        TO
        THE INTERIM FINANCIAL STATEMENTS
 July
        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 July 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.
 
 
 11
   **RAVEN
        GOLD CORP.**
 (formerly
        Riverbank Resources Inc.)
 (An
        Exploration Stage Company)
 NOTES
        TO
        THE INTERIM FINANCIAL STATEMENTS
 July
        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. 250,000 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.
 
 
 12
 **RAVEN
        GOLD CORP.**
 (formerly
        Riverbank Resources Inc.)
 (An
        Exploration Stage Company)
 NOTES
        TO
        THE INTERIM FINANCIAL STATEMENTS
 July
        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.
 
 
 13
 
 **RAVEN
        GOLD CORP.**
 (formerly
        Riverbank Resources Inc.)
 (An
        Exploration Stage Company)
 NOTES
        TO
        THE INTERIM FINANCIAL STATEMENTS
 July
        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.
 
 At
        July
        31, 2007 the Company had promissory notes outstanding totalling $2,480,000
        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 $56,577 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.
 
 14


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





**Forward-Looking
      Statements**





Some
      of
      the statements contained in this Quarterly Report on Form 10-QSB (the “Quarterly
      Report”) 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 Quarterly Report, 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
      Quarterly Report 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, we 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.




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.





15





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.








**Results
      of Operations**





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





Revenues
      for the three months ended July 31, 2007 and the three months ended July 31,
      2006 were nil. As such, there is no meaningful comparison for these
      periods.




For
      the
      three months ended July 31, 2007, general and administrative expenses totaled
      $10,712 compared with $31 for the three months ended July 31, 2006. This
      represents an increase of $10,681, or 34,445%.  The increase in
      general and administrative expenses is a result of expenditures required to
      maintain an infra-structure to support increased activity going to the next
      level of exploration.





Total
      expenses for the three months ended July 31, 2007 totaled $39,411 compared
      with
      $6,678 for the three months ended July 31, 2006. This represents an increase
      of
      $32,733, or 490%. The increase in total expenses is a result
      of  expenditures required to maintain an infra-structure to support
      increased activity going to the next level of exploration.





Interest
      expense was $56,577 and nil for the three months ended July 31, 2007 and 2006,
      respectively.  This was an increase of $56,577.  The reason
      for this increase is that, in accordance with the terms and conditions of the
      outstanding promissory notes, interest was to start accruing with effect from
      May 1, 2007.





Our
      net
      loss was $(96,070) for the three months ended July 31, 2007 compared to a net
      loss of $(6,678) for the three months ended July 31, 2006, an increase of
      $(89,392), or 1,339%.   The increase in the net loss for the
      three months ended July 31, 2007 was due to accrued interest on promissory
      notes
      and the increase in expenses required to maintain an infra-structure to support
      increased activity going to the next level of exploration.





16


**Liquidity
      and Capital Resources**





As
      of
      July 31, 2007 we had total current assets of approximately $99,494 with a cash
      balance of $97,994. Management plans to use the current cash on hand for
      operations.





Net
      cash
      used in operating activities was $(82,812) for the three months ended July
      31,
      2007, compared to $(3,004) for the three months ended July 31, 2006, an increase
      of $(79,808) or 2,657%. The increase in net cash used in operating activities
      is
      primarily the result of


Increased
      operating expenses and accrued interest on promissory notes.





Net
      cash
      used in investing activities was $(600,000) for the three months ended July
      31,
      2007 compared to net cash used in investing activities for the three months
      ended July 31, 2006 of $(425,000), which is an increase of $(175,000) or 242%.
      The net cash used in investing activities increased primarily due to purchase
      of
      mineral rights





Net
      cash
      used in financing activities was $459,135 for the three months ended July 31,
      2007 compared to net cash used in financing activities of $428,100 for the
      three
      months ended July 31, 2006, which is an increase in net cash provided by
      financing activities of $31,035 or 6.8%.







**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
      is
      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.




**Going
      Concern**




As
      reflected in the accompanying financial statements, the Company is in the
      exploration stage with no operations and has a net loss of $308,858 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.




**Item
      3. Controls and Procedures**




Our
      management, which includes our Chief Executive Officer and our principal
      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.






17


**PART
      II - OTHER INFORMATION**




**Item
      1. Legal Proceedings**





We
      are
      currently not a party to any material pending legal proceedings or government
      actions, including any bankruptcy, receivership, or similar proceedings.
      However, from time to time we may be a defendant and plaintiff in various legal
      proceedings arising in the normal course of our business. In addition,
      management is not aware of any known litigation or liabilities involving the
      operators of our properties that could affect our operations. Should any
      liabilities incurred in the future, they will be accrued based on management's
      best estimate of the potential loss. As such, there is no adverse effect on
      our
      consolidated financial position, results of operations or cash flow at this
      time. Furthermore, our management does not believe that there are any
      proceedings to which any of our directors, officers, or affiliates, any owner
      of
      record of the beneficially or more than five percent of our common stock, or
      any
      associate of any such director, officer, affiliate, or security holder is a
      party adverse to our company or has a material interest adverse to
      us.




**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**




None





**Item
      6. Exhibits and Report on Form 8-K**




31.1
            Certification
                of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley
                Act of 2002.




31.2
            Certification
                of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley
                Act of 2002.




32.1
            Certification
                of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as
                adopted
                pursuant to section 906 of the Sarbanes-Oxley act of
                2002.




32.2
            Certification
                of Chief Financial Officer pursuant to 18 U.S.C. section 1350, as
                adopted
                pursuant to section 906 of the Sarbanes-Oxley act of
                2002.






18






**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.**Date:
                September  12, 2007
            By:
            */s/ Blair
                Naughty*Blair
                NaughtyChief
                Executive Officer and President




**RAVEN
                GOLD CORP.**Date: September 
                12, 2007
            By:
            */s/ Bashir
                Virji*Bashir
                VirjiChief
                Financial Officer, acting Principal Financial Officer, and
              acting
                Principal Accounting Officer






19