UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                   FORM 10-QSB

[X] Quarterly Report under Section 13 or 15(d) of the Securities Exchange
    Act of 1934

                 For the quarterly period ended August 31, 2007

[ ] Transition Report under 13 or 15(d) of the Exchange Act

         For the transition period from ______________ to ______________

                        Commission File Number 333-126580


                            Keewatin Windpower Corp.
        (Exact name of small Business Issuer as specified in its charter)

           Nevada                                          Pending
(State or other jurisdiction of                (IRS Employer Identification No.)
 incorporation or organization)

Suite 617, 666 Burrard Street, Vancouver, BC, Canada        V6C 2X8
     (Address of principal executive offices)              (Zip Code)

                    Issuer's telephone number: (604) 601-2070

              (Former name, former address and former fiscal year,
                         if changed since last report)

Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days. [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
equity, as of the latest practicable date:

12,391,500 shares of $0.001 par value common stock outstanding as of October 11,
2007

<PAGE>
ITEM 1. FINANCIAL STATEMENTS

                            Keewatin Windpower Corp.
                         (A Development Stage Company)

                                August 31, 2007

                                                                           Index
                                                                           -----

Balance Sheets..........................................................     3

Statements of Operations................................................     4

Statements of Cash Flows................................................     5

Notes to the Financial Statements.......................................     6


                                       2
<PAGE>
                            Keewatin Windpower Corp.
                         (A Development Stage Company)
                                 Balance Sheets
                           (Expressed in US Dollars)
                                  (unaudited)

<TABLE>
<CAPTION>
                                                               August 31,            May 31,
                                                                 2007                 2007
                                                                   $                    $
                                                               ----------           ----------
<S>                                                             <C>                    <C>
ASSETS

Current Assets
  Cash and cash equivalents                                     1,605,848              449,185
                                                               ----------           ----------

Total Current Assets                                            1,605,848              449,185

Property and equipment, net (Note 5)                               18,612               15,936
                                                               ----------           ----------

Total Assets                                                    1,624,460              465,121
                                                               ==========           ==========

LIABILITIES AND STOCKHOLDERS' EQUITY

Liabilities
  Accounts payable                                                  9,800                3,040
  Accrued liabilities                                               6,120                1,764
  Management fees payable (Note 6)                                 47,600               45,100
                                                               ----------           ----------

Total Liabilities                                                  63,520               49,904
                                                               ----------           ----------

Contingencies (Note 2)

Stockholders' Equity
  Preferred Stock:
     Authorized: 10,000,000 shares, $0.001 par value
     Issued and outstanding: None                                      --                   --
  Common Stock: (Note 7)
     Authorized: 100,000,000 shares, $0.001 par value
     Issued and outstanding: 12,391,500 shares
     (May 31, 2007 - 10,530,000 shares)                            12,391               10,530
  Additional paid-in capital                                    2,071,366              409,478
  Common stock subscribed (Note 7)                                     --              500,500
  Deficit accumulated during the development stage               (522,817)            (505,291)
                                                               ----------           ----------

Total Stockholders' Equity                                      1,560,940              415,217
                                                               ----------           ----------

Total Liabilities and Stockholders' Equity                      1,624,460              465,121
                                                               ==========           ==========
</TABLE>


   (The accompanying notes are an integral part of these financial statements)

                                       3
<PAGE>
                            Keewatin Windpower Corp.
                         (A Development Stage Company)
                            Statements of Operations
                           (Expressed in US Dollars)
                                  (unaudited)

<TABLE>
<CAPTION>
                                                    Accumulated from
                                                    February 25, 2005
                                                   (Date of Inception)     Three Months         Three Months
                                                          To                  Ended                Ended
                                                       August 31,           August 31,           August 31,
                                                         2007                 2007                 2006
                                                           $                    $                    $
                                                       ----------           ----------           ----------
<S>                                                       <C>                   <C>                   <C>
Expenses
  Management fees                                         175,227               15,150                7,500
  General and administrative                              367,311               12,607                6,708
                                                       ----------           ----------           ----------

Operating loss                                            542,538               27,757               14,208
                                                       ----------           ----------           ----------
Other Income
  Interest income                                         (19,721)             (10,231)                  --
                                                       ----------           ----------           ----------

Net loss                                                  522,817               17,526               14,208
                                                       ==========           ==========           ==========

Net loss per common share - basic and diluted                                    (0.00)               (0.00)
                                                                            ==========           ==========

Weighted average number of common stock outstanding                         10,752,000           10,530,000
                                                                            ==========           ==========
</TABLE>


   (The accompanying notes are an integral part of these financial statements)

                                       4
<PAGE>
                            Keewatin Windpower Corp.
                         (A Development Stage Company)
                            Statements of Cash Flows
                           (Expressed in US Dollars)
                                  (unaudited)

<TABLE>
<CAPTION>
                                                        Accumulated from
                                                       February 25, 2005
                                                      (Date of Inception)     Three Months         Three Months
                                                             To                  Ended                Ended
                                                          August 31,           August 31,           August 31,
                                                            2007                 2007                 2006
                                                              $                    $                    $
                                                          ----------           ----------           ----------
<S>                                                         <C>                   <C>                  <C>
Operating activities
  Net loss for the period                                   (522,817)             (17,526)             (14,208)
  Adjustments to reconcile net loss to net cash
   used in operating activities:
     Depreciation                                              6,255                1,378                1,040
     Stock-based compensation                                365,508                   --                   --
  Changes in operating assets and liabilities:
     Prepaid expenses                                             --                   --                1,309
     Accounts payable and accrued liabilities                 15,920               11,116                4,122
     Management fees payable                                  47,600                2,500                4,900
                                                          ----------           ----------           ----------
Net cash flows used in operating activities                  (87,534)              (2,532)              (2,837)
                                                          ----------           ----------           ----------
Investing activities
  Purchase of equipment                                      (24,867)              (4,054)                  --
                                                          ----------           ----------           ----------
Net cash flows used in  investing activities                 (24,867)              (4,054)                  --
                                                          ----------           ----------           ----------
Financing activities
  Proceeds from common stock issuances, net                1,718,249            1,163,249                   --
                                                          ----------           ----------           ----------
Net cash flows provided by financing activities            1,718,249            1,163,249                   --
                                                          ----------           ----------           ----------

Increase (decrease) in cash and cash equivalents           1,605,848            1,156,663               (2,837)

Cash and cash equivalents - beginning of period                   --              449,185                3,001
                                                          ----------           ----------           ----------
Cash and cash equivalents - end of period                  1,605,848            1,605,848                  164
                                                          ==========           ==========           ==========
Cash and cash equivalents consist of:
  Cash in bank                                                                     50,379                  164
  Short term investments                                                        1,555,469                   --
                                                                               ----------           ----------
                                                                                1,605,848                  164
                                                                               ==========           ==========
Supplementary disclosures
  Interest paid                                                   --                   --                   --
  Income taxes paid                                               --                   --                   --
                                                          ==========           ==========           ==========
</TABLE>


   (The accompanying notes are an integral part of these financial statements)

                                       5
<PAGE>
                            Keewatin Windpower Corp.
                         (A Development Stage Company)
                       Notes to the Financial Statements
                           (Expressed in US Dollars)
                                  (unaudited)

1. Basis of Presentation

     The  unaudited   financial   information   furnished  herein  reflects  all
     adjustments,  which in the opinion of  management,  are necessary to fairly
     state the Company's  financial  position and the results of its  operations
     for the periods  presented.  This  report on Form 10-QSB  should be read in
     conjunction  with the  Company's  financial  statements  and notes  thereto
     included  in the  Company's  Form  10-KSB for the fiscal year ended May 31,
     2007.  The  Company  assumes  that  the  users  of  the  interim  financial
     information  herein  have  read or have  access  to the  audited  financial
     statements  for  the  preceding  fiscal  year  and  that  the  adequacy  of
     additional  disclosure  needed for a fair presentation may be determined in
     that context.  Accordingly,  footnote disclosure, which would substantially
     duplicate the  disclosure  contained in the  Company's  Form 10-KSB for the
     fiscal year ended May 31, 2007, has been omitted. The results of operations
     for the  three-month  period  ended  August  31,  2007 are not  necessarily
     indicative  of results  that may be expected for the fiscal year ending May
     31, 2008.

2. Nature of Operations and Continuance of Business

     The Company was  incorporated  in the State of Nevada on February 25, 2005.
     The Company is a  Development  Stage  Company,  as defined by  Statement of
     Financial  Accounting  Standard ("SFAS") No.7 "ACCOUNTING AND REPORTING FOR
     DEVELOPMENT STAGE  COMPANIES".  Its activities to date have been limited to
     capital formation,  organization,  and development of its business plan for
     the exploration and development of wind power projects in Canada.

     These  financial  statements  have been prepared on a going concern  basis,
     which implies the Company will continue to realize its assets and discharge
     its  liabilities  in the normal  course of business.  The Company has never
     generated  revenues since inception and has never paid any dividends and is
     unlikely  to  pay  dividends  or  generate  earnings  in the  immediate  or
     foreseeable  future.  The continuation of the Company as a going concern is
     dependent upon the continued  financial support from its shareholders,  the
     ability of the Company to obtain  necessary  equity  financing  to continue
     operations  the  successful   exploitation  of   economically   recoverable
     electricity  in its wind power  projects,  and the attainment of profitable
     operations.  As at August 31, 2007, the Company has  accumulated  losses of
     $522,817 since inception.  These factors raise  substantial doubt regarding
     the  Company's  ability to continue  as a going  concern.  These  financial
     statements  do  not  include  any  adjustments  to the  recoverability  and
     classification of recorded asset amounts and  classification of liabilities
     that might be necessary should the Company be unable to continue as a going
     concern.

3. Recently Adopted Accounting Pronouncements

     In September 2006, the FASB issued SFAS No. 158, "EMPLOYERS' ACCOUNTING FOR
     DEFINED  BENEFIT PENSION AND OTHER  POSTRETIREMENT  PLANS - AN AMENDMENT OF
     FASB  STATEMENTS  NO. 87, 88, 106, AND  132(R)".  This  statement  requires
     employers to recognize the  overfunded or  underfunded  status of a defined
     benefit  postretirement  plan (other than a multiemployer plan) as an asset
     or  liability  in its  statement  of  financial  position  and to recognize
     changes  in that  funded  status  in the year in which  the  changes  occur
     through   comprehensive   income  of  a  business   entity  or  changes  in
     unrestricted  net assets of a not-for-profit  organization.  This statement
     also  requires an employer to measure the funded status of a plan as of the
     date  of  its  year-end  statement  of  financial  position,  with  limited
     exceptions. The provisions of SFAS No. 158 are effective for employers with
     publicly  traded equity  securities as of the end of the fiscal year ending
     after December 15, 2006.  The Company  currently has no such employee plans
     and does not expect to institute such plans. The adoption of this statement
     did not have a material effect on the Company's financial statements.

                                       6
<PAGE>
                            Keewatin Windpower Corp.
                         (A Development Stage Company)
                       Notes to the Financial Statements
                           (Expressed in US Dollars)
                                  (unaudited)

3. Recently Adopted Accounting Pronouncements (continued)

     In September  2006, the SEC issued Staff  Accounting  Bulletin  ("SAB") No.
     108,  "CONSIDERING THE EFFECTS OF PRIOR YEAR MISSTATEMENTS WHEN QUANTIFYING
     MISSTATEMENTS IN CURRENT YEAR FINANCIAL  STATEMENTS." SAB No. 108 addresses
     how  the  effects  of  prior  year  uncorrected   misstatements  should  be
     considered  when  quantifying   misstatements  in  current  year  financial
     statements.  SAB No. 108 requires companies to quantify misstatements using
     a balance  sheet and income  statement  approach  and to  evaluate  whether
     either  approach  results in quantifying an error that is material in light
     of relevant  quantitative and qualitative factors. SAB No. 108 is effective
     for fiscal  years ending  after  November  15,  2006.  The adoption of this
     statement  did  not  have a  material  effect  on the  Company's  financial
     statements.

     In June 2006, the Financial  Accounting  Standards Board (FASB) issued FASB
     Interpretation  No. 48,  "ACCOUNTING  FOR  UNCERTAINTY IN INCOME TAXES,  AN
     INTERPRETATION OF FASB STATEMENTS NO. 109". FIN 48 clarifies the accounting
     for  uncertainty in income taxes by prescribing a two-step  method of first
     evaluating  whether  a  tax  position  has  met  a  more  likely  than  not
     recognition threshold and second,  measuring that tax position to determine
     the amount of benefit to be recognized in the financial statements.  FIN 48
     provides guidance on the presentation of such positions within a classified
     statement of financial  position as well as on derecognition,  interest and
     penalties,  accounting in interim periods,  disclosure, and transition. FIN
     48 is effective for fiscal years  beginning  after  December 15, 2006.  The
     adoption of this statement did not have a material  effect on the Company's
     financial statements.

4. Recently Issued Accounting Pronouncements

     In February 2007, the Financial  Accounting  Standards  Board (FASB) issued
     SFAS No. 159,  "THE FAIR VALUE OPTION FOR  FINANCIAL  ASSETS AND  FINANCIAL
     LIABILITIES  - INCLUDING  AN  AMENDMENT OF FASB  STATEMENT  NO. 115".  This
     statement permits entities to choose to measure many financial  instruments
     and certain other items at fair value.  Most of the  provisions of SFAS No.
     159 apply only to entities that elect the fair value option.  However,  the
     amendment to SFAS No. 115 "ACCOUNTING  FOR CERTAIN  INVESTMENTS IN DEBT AND
     EQUITY  SECURITIES"  applies to all entities  with  available-for-sale  and
     trading  securities.  SFAS No. 159 is effective  as of the  beginning of an
     entity's  first  fiscal year that begins after  November  15,  2007.  Early
     adoption is permitted  as of the  beginning of a fiscal year that begins on
     or before  November 15, 2007,  provided the entity also elects to apply the
     provision of SFAS No. 157, "FAIR VALUE MEASUREMENTS".  The adoption of this
     statement  is not  expected  to have a  material  effect  on the  Company's
     financial statements.

     In September 2006, the FASB issued SFAS No. 157, "FAIR VALUE MEASUREMENTS".
     The objective of SFAS 157 is to increase  consistency and  comparability in
     fair  value  measurements  and  to  expand  disclosures  about  fair  value
     measurements.  SFAS 157 defines  fair value,  establishes  a framework  for
     measuring  fair value in  generally  accepted  accounting  principles,  and
     expands disclosures about fair value  measurements.  SFAS 157 applies under
     other  accounting   pronouncements   that  require  or  permit  fair  value
     measurements  and does not  require  any new fair value  measurements.  The
     provisions of SFAS No. 157 are effective for fair value  measurements  made
     in fiscal years  beginning  after  November 15, 2007.  The adoption of this
     statement is not expected to have a material effect on the Company's future
     reported financial position or results of operations.

5. Property and equipment

                                                      August 31,      May 31,
                                                        2007           2007
                                      Accumulated    Net carrying   Net carrying
                             Cost     depreciation      value          value
                               $          $               $              $
                            -------    -------         -------        -------
     Computer equipment      4,054       (338)          3,716             --
     Wind tower equipment   20,813     (5,917)         14,896         15,936
                            ------     ------          ------         ------
                            24,867     (6,255)         18,612         15,936
                            ======     ======          ======         ======

                                       7
<PAGE>
                            Keewatin Windpower Corp.
                         (A Development Stage Company)
                       Notes to the Financial Statements
                           (Expressed in US Dollars)
                                  (unaudited)

6. Related Party Transactions

     a)   The Company neither owns nor leases any real or personal  property.  A
          director  provides  office  services  without  charge.  Such costs are
          immaterial to the financial statements and accordingly,  have not been
          reflected therein.

     b)   During  the three  months  ended  August  31,  2007,  a  director  and
          principal  shareholder  of  the  Company,  pursuant  to  a  management
          agreement,  has incurred $7,500 (2006 - $7,500) in management fees. As
          at August 31, 2007 the Company owes this  director  $47,600 in accrued
          management  fees.  There are no  specified  terms of  repayment on the
          accrued amount.

     c)   During the three months ended August 31, 2007,  other  directors  were
          paid $7,650 (2006 - $NIL) in management fees.

     These related party transactions are recorded at the exchange amount, being
     the amount established and agreed to by the related parties.

7. Common Stock

     a)   On September 25, 2006 the Company  effected a 3:1 forward split of its
          share  capital  such that every one share of common  stock  issued and
          outstanding  prior to the split  was  exchanged  for three  post-split
          shares of common  stock.  The  Company  also  changed  its  post-split
          authorized  capital to  100,000,000  shares of common stock with a par
          value of $0.001 per share, and to 10,000,000 shares of preferred stock
          with a par value of $0.001  per  share.  All share  amounts  have been
          retroactively adjusted for all periods presented.

     b)   On July 11, 2007 the Company  issued 715,000 shares of common stock at
          $0.70 per share for proceeds of $500,500.  The Company also paid a 10%
          finders fee consisting of 71,500 shares of common stock.  The finder's
          fee shares were valued at $50,050.

     c)   On July 27, 2007 the Company completed a private placement  consisting
          of  1,075,000  shares  of  common  stock at $1.20  per  share for cash
          proceeds  of  $1,290,000,   and  1,000,000  share  purchase   warrants
          entitling  the holder to acquire an  additional  share of common stock
          for $2.50.  Finder's  fees of $126,750  cash were paid related to this
          placement.   The   warrants   were  valued  at   $321,279   using  the
          Black-Scholes option pricing model.

8. Stock Options

     During the year ended May 31, 2007,  the Company  granted  stock options to
     directors,  officers and key advisors to acquire up to 1,000,000  shares of
     common stock exercisable at $1.10 per share on or before February 26, 2009.
     All options granted were vested at the time of issuance. The fair value for
     options granted was estimated at the date of grant to be $365,508 using the
     Black-Scholes  option pricing model assuming an expected life of 2 years, a
     risk-free  rate of 4.49%,  an  expected  volatility  of 42% and no expected
     dividends.  The fair value of these stock options granted was approximately
     $0.37 per share.  During the year ended May 31, 2007, the Company  recorded
     stock-based  compensation  of $91,337 as  management  fees and  $274,131 as
     general and administrative expenses.

     A summary of the Company's stock option activity is as follows:

                                                    Three Months ended
                                                      August 31, 2007
                                             ----------------------------------
                                               Number          Weighted Average
                                             of Options         Exercise Price
                                             ----------         --------------
      Balance, Beginning of period            1,000,000            $  1.10
      Granted                                         -                  -
      Cancelled/Forfeited                             -                  -
      Exercised                                       -                  -
                                              ---------            -------
      Balance, End of period                  1,000,000             $ 1.10
                                              =========             ======

     As at August 31, 2007, all of the options were vested,  and their intrinsic
     value was $410,000.

                                       8
<PAGE>
                            Keewatin Windpower Corp.
                         (A Development Stage Company)
                       Notes to the Financial Statements
                           (Expressed in US Dollars)
                                  (unaudited)

9. Potential Acquisition

     The Company entered into a letter agreement dated March 26, 2007 to acquire
     100% of the issued and outstanding  common shares of Sky Harvest  Windpower
     Corp. ("Sky Harvest"),  a private Canadian company  incorporated  under the
     laws of British Columbia, in consideration for 17,343,516 restricted shares
     of the  Company's  common  stock.  The  directors  of the  Company are also
     directors and principal  shareholders of Sky Harvest. Sky Harvest holds the
     rights to construct a wind power facility on  approximately  8,500 acres of
     land located in Southwestern Saskatchewan.  The closing of this transaction
     is subject to shareholder approval.

                                       9
<PAGE>
ITEM 2. MANAGEMENT DISCUSSION AND ANALYSIS

RESULTS OF OPERATIONS

The Corporation is still in the development stage and did not earn any revenue
during the quarter ended August 31, 2007. The Corporation does not anticipate
earning any revenue until the completion of an environmental assessment on the
property, securing a power purchase agreement and erecting turbines on the land,
of which there is no guarantee.

The Corporation incurred operating expenses in the amount of $ 27,757 for the
quarter, which were comprised of management fees of $15,150 and general and
administrative expenses of $12, 607. The Corporation has accumulated losses of
$522,817 since inception on February 25, 2005.

The Corporation has not attained profitable operations and is dependent upon
obtaining financing to complete its business plan.

LIQUIDITY AND CAPITAL RESOURCES

As at August 31, 2007, the Corporation had total assets of $1,624,460, comprised
principally of cash on hand of $1,605,848, and total liabilities of $63,520,
comprised primarily of management fees payable of $47,600. The increase in cash
on hand from May 31, 2007 is attributed to the completion on July 27, 2007 of a
private placement for net proceeds of $1,163,000.

The Corporation's current operating funds are not sufficient to complete its
intended business objectives. To erect wind turbines on the property, it is
anticipated that the Corporation will require financing of approximately
$115,000,000. The Corporation does not have any arrangements for financing and
may not be able to find such financing if required. The most likely sources of
future funds that will be available to the Corporation are through debt
financing and through the issuance of equity.

OFF-BALANCE SHEET ARRANGEMENTS

The Corporation has no off-balance sheet arrangements.

CRITICAL ACCOUNTING ESTIMATES

The unaudited financial statements as at August 31, 2007, included herein, have
been prepared without audit pursuant to the rules and regulations of the
Securities and Exchange Commission. Certain information and footnote disclosure
normally included in financial statements prepared in accordance with generally
accepted accounting principles have been condensed or omitted pursuant to the
rules and regulations. In the opinion of management, all adjustments (including
normal recurring accruals) considered necessary for a fair presentation have
been included. It is suggested that these financial statements be read in
conjunction with the Corporation's May 31, 2007 audited financial statements and
notes thereto, which can be found in the Corporation's Form 10KSB Annual
Statement on the SEC website at www.sec.gov under the SEC File Number
333-126580.

                                       10
<PAGE>
PLAN OF OPERATIONS

The Corporation's plan of operations for the twelve months following the date of
this quarterly report is to:

     1.   continue  the review of wind data from the  meteorological  tower that
          has been  erected  on the  Saskatchewan  property  to assess  the wind
          resource;

     2.   continue  to  complete  all  environmental  assessments  to enable the
          Corporation to obtain the necessary  permitting for  construction  and
          operation of a wind power project; and

     3.   commence  discussions with potential  customers that may be interested
          in purchasing  electricity  that would be generated from the potential
          wind power  project,  contact wind  turbine  suppliers  regarding  the
          planned purchase and delivery of equipment and seek potential  sources
          of debt and equity financing.

The Corporation has erected a meteorological tower on a property in southwest
Saskatchewan for the purpose of determining whether the property possesses a
wind resource sufficient to justify the erection of wind turbines. The
Corporation also has commenced environmental assessments with the assistance of
an independent consultancy.

Results from the wind study to date indicate that the Saskatchewan property has
a wind resource that warrants the erection of wind turbines. It is now the
Corporation's objective to negotiate a lease with the landowners of the
Saskatchewan property and/or surrounding land owners. Currently, all land owners
in the area have indicated their preference to retain ownership of their lands
and enter into a lease arrangement, although the Corporation has not reached any
formal agreement in this regard. Accordingly, the Corporation does not expect to
incur any expenses in connection with acquiring a property interest until the
wind towers have been erected. Land lease costs are estimated to be $60,000 per
annum.

Over the next 12 months, the Corporation anticipates spending $100,000 on
administrative costs, including management fees payable to its President and
Directors, professional fees and general business expenses, including costs
related to complying with filing obligations as a reporting company.

The Corporation also anticipates that it will incur approximately $20,000 per
year in order to comply with reporting requirements. As the Corporation's
operations become more complex, it is anticipated that these costs will
increase.

To erect wind turbines on the property, at an anticipated cost of $115,000,000,
the Corporation expects to raise up to 75%, or approximately $86,000,000 by way
of debt financing and 25%, or approximately $29,000,000 through the sale of
common stock. It is unlikely that the Corporation will be able to make
arrangements for debt financing until its environmental assessment is completed,
which will not occur until sometime in 2008 at the earliest, and it has
negotiated a power purchase agreement with a credit worthy counter-party
sometime in early 2008.

The chartered banks in Canada, as well as many United States financial
institutions, each have departments that are familiar with financing wind power
projects and assessing the ability of companies with proposed projects to
generate profit through operations. These institutions may be approached for
debt financing following completion of the wind study and environmental
assessment/permitting and once the Corporation has entered into an agreement in
principal to sell the power to be generated from the project. The factors that
the banks consider in providing the debt financing include wind study data, the

                                       11
<PAGE>
size and number of wind turbines to be erected and the price the purchaser has
agreed to pay for the power produced.

The Corporation has not had any specific communications with any representative
of a debt financing institution regarding its proposed wind power project.
Accordingly, the Corporation cannot guarantee that it will be able to raise 75%
of required funds through debt financing.

The Corporation has begun sourcing equity financing to cover the balance of its
anticipated costs for the next 12 months and anticipated costs relating to the
erection of wind turbines. Until such financing is arranged, it will rely on the
proceeds of a recent financing concluded on July 27, 2007 for net proceeds of
approximately $1,163,000 to cover the cost of operations before the erection of
wind turbines.

The following table discloses the number of shares of common stock that the
Corporation would have to issue in order to raise $29,000,000 in equity
financing at various prices, resulting in dilution to existing shareholders:

           Price Per Share        No. of Shares Issuable
           ---------------        ----------------------
               $1.50                    19,333,333
               $2.00                    14,500,000
               $2.50                    11,600,000

Wind power generation companies typically make marginal profit based upon the
price they receive for each kilowatt-hour of power they sell. Government
subsidies and credits add to the profit margin that such companies realize.

The Corporation will attempt to execute a power purchase agreement with a
utility in Saskatchewan or a neighboring jurisdiction. The agreement will
include the price to be paid for the electricity produced in cents per
kilowatt-hour and the term of the agreement. It will also be subject to
obtaining the necessary financing to proceed with the wind power project.

Debt financiers will only provide financing if the project will be economically
viable based on the terms of the power purchase agreement.

FORWARD LOOKING STATEMENTS

This quarterly report contains forward-looking statements that involve risks and
uncertainties. The Corporation uses words such as anticipate, believe, plan
expect, future, intend and similar expressions to identify such forward-looking
statements. The reader should not place too much reliance on these
forward-looking statements. The Corporation's actual results are more likely to
differ materially from those anticipated in these forward-looking statements for
many reasons, including the risks faced by it in the "Risks Factors" section
included in the Corporation's Form 10KSB Annual Statement referred to
previously.

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<PAGE>
ITEM 3. CONTROLS AND PROCEDURES

EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES

Under the supervision and with the participation of management, including the
principal executive officer and the principal financial and accounting officer,
the Corporation has conducted an evaluation of the effectiveness of the design
and operation of its disclosure controls and procedures, as defined in Rules
13a-15(e) and 15d-15(e) under the Securities and Exchange Act of 1934, as of the
end of the period covered by this report. Based on this evaluation, the
principal executive officer and principal financial and accounting officer
concluded as of the evaluation date that the Corporation's disclosure controls
and procedures were effective such that the material information required to be
included in the Corporation's Securities and Exchange Commission reports is
recorded, processed, summarized and reported within the time periods specified
in SEC rules and forms relating to the Corporation, particularly during the
period when this report was being prepared.

Additionally, there were no significant changes in the Corporation's internal
controls or in other factors that could significantly affect these controls
subsequent to the evaluation date. The Corporation has not identified any
significant deficiencies or material weaknesses in its internal controls, and
therefore there were no corrective actions taken.

                           PART II - OTHER INFORMATION

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

Exhibit No.                             Description
-----------                             -----------
   31.1           Certification pursuant to Rule 13a-14(a) under the Securities
                  Exchange Act of 1934

   31.2           Certification pursuant to Rule 13a-14(a) under the Securities
                  Exchange Act of 1934

   32.1           Certification pursuant to 18 U.S.C. Section 1350, as adopted
                  pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

   32.2           Certification pursuant to 18 U.S.C. Section 1350, as adopted
                  pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

Reports filed on Form 8-K during the quarter ended August 31, 2007:

              Qualifying Event                         File Date
              ----------------                         ---------
      Completion of $1.29 Million Financing          July 31, 2007

                                       13
<PAGE>
                                   SIGNATURES

Pursuant to the requirements of Section 13(a) 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.

October 11, 2007                  Keewatin Windpower Corp., Registrant


                                  By: /s/ Chris Craddock
                                     -----------------------------------
                                     Chris Craddock, President, C.E.O.,
                                     Secretary, Director


October 11, 2007                  Keewatin Windpower Corp., Registrant


                                  By: /s/ Victor S. Dusik
                                     -----------------------------------
                                     Victor S. Dusik, C.F.O,
                                     Director

In accordance with the Exchange Act, this report has been signed below by the
following persons on behalf of the registrant and in the capacities and on the
dates indicated.

October 11, 2007                  Keewatin Windpower Corp., Registrant


                                  By: /s/ Chris Craddock
                                     -----------------------------------
                                     Chris Craddock, President, C.E.O.,
                                     Director


October 11, 2007                  Keewatin Windpower Corp., Registrant


                                  By: /s/ Victor S. Dusik
                                     -----------------------------------
                                     Victor S. Dusik, C.F.O,
                                     Director

                                       14