**UNITED
      STATES**


**SECURITIES
      AND EXCHANGE COMMISSION**


Washington,
      DC 20549




**FORM
      10-QSB/A**




**|X|
      Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange
      Act
      of 1934**




For
      the
      quarterly period ended **July
      31, 2006** .




**|_|
      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: **250-492-3432**










2470
        Saint Rose Parkway, Suite 304


Henderson,
        Nevada 89074


(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 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: 37,120,000 Shares of $0.001 par value Common
      Stock issued and outstanding as of September 19, 2006.




1




**Explanatory
        Note**





The
        Company has determined, after consultation with its independent registered
        public accounting firm, that a restatement of its financial statements for
        the
        three months ended July 31, 2006 filed as part of its Quarterly Report on
        Form
        10-QSB with the Securities and Exchange Commission on September 19, 2006
        (the
“Report”), was necessary due to certain erroneous entries appearing in its
        financial statements. Specifically, this amended Annual Report on Form 10-QSB/A
        (the “Amended Report”) amends and restates the Report solely to (i) amend and
        restate the Company’s financial statements filed as part of the Report (the
“Financial Statements”) to correct (a) the failure by the Company to properly
        account for the value of the Las Minitas property and the La Currita property
        rights (collectively, the “Mineral Rights”) acquired by the Company during the
        three months ended July 31, 2006, as now correctly set forth in the Balance
        Sheet under the caption “Current Assets” located on page 4 of this Amended
        Report, (b) the previously erroneous “Accumulated Deficit During Exploration
        Stage” entry and “Total Liabilities & Stockholders’ Deficiency” entry as of
        July 31, 2006, which now accounts for the acquisition of the Mineral Rights,
        as
        set forth in the Statement of Shareholders Equity on page 5 of this Amended
        Report, (c) disclose that there was no impairment relating to the Mineral
        Rights
        as now correctly set forth in the Statement of Operations located on page
        5 of
        this Amended Report, and (d) the erroneous “Net Loss” entry and “Cash Flow from
        Investing Activities” entry for the three months ended July 31, 2006, which now
        accounts for the purchase of the Mineral Rights and corresponding adjustment
        to
        the “Net Loss” entry, as set forth in the Statement of Cash Flows located on
        page 6 of this Amended Report, (ii) correctly disclose in Note #6 accompanying
        the Financial Statements, the accumulated deficit incurred by the Company
        from
        February 9, 2005 (date of inception) to July 31, 2006, (iii) include an updated
        and revised review report of the Company’s independent registered public
        accountants relating to the Financial Statements, and (iv) revise the discussion
        contained in the section titled “Management Discussion and Analysis or Plan of
        Operation” in light of the aforementioned changes.





Throughout
        this report, we refer to Raven Gold Corp. as “we,” “us,” “our company,” or “the
        Company.”




**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, 2006 are not necessarily
      indicative of the results that can be expected for the year ending April 30,
      2007.





2


MOORE
      & ASSOCIATES, CHARTERED


***ACCOUNTANTS
        AND ADVISORS***


***PCAOB
        REGISTERED***








**Report
        of Independent Registered Public Accounting Firm**








**To
        the Board of Directors**


**Raven
        Gold Corp (Formerly Riverbank Resources Inc)**


**(An
        Exploration Stage Company)**








We
        have
        reviewed the accompanying balance sheet of Raven Gold Corp (Formerly Riverbank
        Resources Inc) (An Exploration Stage Company) as of July 31, 2006, and the
        related statements of income, retained earnings, and cash flows for the period
        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 (Formerly
        Riverbank Resources Inc) (An Exploration Stage Company).





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.





The
        accompanying financial statements have been prepared assuming that the company
        will continue as a going concern. As discussed in the notes to the financial
        statements, the Company has no established source of revenue and no operations.
        This raises substantial doubt about the Company’s ability to continue as a going
        concern. The financial statements do not include any adjustments that might
        result from this uncertainty.








*/s/
        Moore & Associates, Chartered*





Moore
        & Associates, Chartered




Las
        Vegas, Nevada


June
        5,
        2007








*2675
      S. JONES BLVD. SUITE 109, LAS VEGAS, NEVADA 89146 (702) 253-7511 Fax:
      (702)253-7501*






3




**RAVEN
      GOLD CORP.**


(Formerly
      Riverbank Resources Inc.)


**BALANCE
      SHEET**


(An
      Exploration Stage Company)


(Stated
      in US Dollars)


July
      31,
      2006


(Un-audited)




**ASSETS****CURRENT
                    ASSETS**Cash
                    and Equivalents
                
                $
                96Prepaid
                    Expenses
                
                $
                1,370Total
                    Current Assets
                
                $
                1,466Mineral
                    Properties
                
                $
                425,000TOTAL
                    ASSETS
                
                $
                426,466CURRENT
                    LIABILITIESAdvances
                    from Related Party
                
                $
                3,100Accounts
                    Payable
                
                $
                6,631Total
                    Current Liabilities
                
                $
                9,731LONG-TERM
                    LIABILITIESLoans
                
                $
                425,000Total
                    Long-Term Liabilities
                
                $
                425,000TOTAL
                    LIABILITIES
                
                $
                434,731STOCKHOLDERS'
                    DEFICIENCYPreferred
                    stock, $0.001 par value,1,000,000
                    Shares Authorized, None Issuedand
                    outstanding
                
                
                0Common
                    Stock, $0.001 par value69,000,000
                    Shares Authorized, 37,120,000Shares
                    Issued and Outstanding
                
                $
                37,120Paid
                    in Capital
                
                $
                19,500Accumulated
                    Deficit During Exploration Stage
                
                $
                (64,885
                )TOTAL
                    STOCKHOLDERS DEFICIENCY
                
                $
                (
                    8,265
                )TOTAL
                    LIABILITIES & STOCKHOLDER'S
                    DEFICIENCY
                
                $
                426,466






The
      accompanying notes are an integral part of these financial
      statements.


4


**RAVEN
      GOLD CORP.**


(Formerly
      Riverbank Resources Inc.)


**STATEMENT
      OF OPERATIONS**


(An
      Exploration Stage Company)


(Stated
      in US Dollars)






For
                    the three Months Ended July 31
                
                From
                  Inception
                  (February
                    9, 2005) to2006
                
                2005
                
                July
                      31 2006(Un-audited)
                
                (Un-audited)
                
                (Audited)REVENUE
                
                $
                -
                
                $
                -
                
                $
                -EXPENSESExploration
                    Costs and Expenses
                
                
                
                
                $
                -
                
                $
                29,750Professional
                    fees
                
                $
                6,227
                
                $
                3,014
                
                $
                27,834General
                    and Administrative
                
                $
                31
                
                $
                111
                
                $
                329Listing
                    and Filing
                
                $
                420
                
                $
                907
                
                $
                3,868Investor
                    relations
                
                $
                -
                
                $
                -
                
                $
                279Total
                    Expenses
                
                $
                6,678
                
                $
                4,032
                
                $
                62,060Loss
                    From operations
                
                $
                (6,678
                )
                $
                (4,032
                )
                $
                (62,060
                )Other
                    Income and ExpensesImpairment
                    (loss) Mineral Rights
                
                $
                -
                
                $
                -
                
                $
                (3,000
                )Foreign
                    Currency transaction Gain (loss)
                
                $
                -
                
                $
                (9
                )
                $
                175$
                -
                
                $
                (9
                )
                $
                (2,825
                )Total
                    Other Income & Expenses Loss
                
                $
                (6,678
                )
                $
                (4,041
                )
                $
                (
                    64,885
                )Before
                    Income TaxesProvision
                    for Income Tax
                
                $
                -
                
                $
                -
                
                $
                -Net
                    Loss
                
                $
                (
                    6,678
                )
                $
                (4,041
                )
                $
                (
                    64,885
                )Basic
                    & Diluted (loss) per Share
                
                
                (0.01
                )
                
                (0.000
                )
                
                (0.01
                )Weighted
                    Average Number  of
                    Shares Outstanding- Basic & Diluted
                
                
                37,120,000
                
                
                37,120,000
                
                
                32,596,760




The
      accompanying notes are an integral part of these financial
      statements.




5


**RAVEN
      GOLD CORP.**


(Formerly
      Riverbank Resources Inc.)




**STATEMENT
      OF STOCKHOLDER'S EQUITY (DEFICIENCY)**


**From
      Inception (February 9, 2005) to July 31, 2006**


(An
      Exploration Stage Company)


(Stated
      in US Dollars)





AdditionalCommon
                    Stock
                
                
                Preferred
                    Stock
                
                
                Paid
                    in
                
                
                Accumulated
                
                
                TotalShares
                
                
                Amount
                
                
                Shares
                
                
                Amount
                
                
                Capital
                
                
                Deficit
                
                
                EquityCommon
                    Stock Issued @ Founders
                
                
                32,100,000
                
                $
                32,100
                
                $
                -
                
                $
                -
                
                $
                (25,680
                )
                
                
                
                $
                6,420for
                    Cash ( $0.001 per share)Common
                    Stock Issued for Cash($0.05
                    per share)
                
                
                5,020,000
                
                $
                5,020
                
                
                
                
                
                
                
                $
                45,180
                
                
                
                
                $
                50,200Net
                    (Loss) for period
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                $
                (7,290
                )
                $
                (7,290
                )Balance,
                    April 30, 2005
                
                
                37,120,000
                
                $
                37,120
                
                $
                -
                
                $
                -
                
                $
                19,500
                
                $
                (7,290
                )
                $
                49,330Net
                    (Loss) for period
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                $
                (50,917
                )
                $
                (50,917
                )Balance,
                    April 30, 2006
                
                
                37,120,000
                
                $
                37,120
                
                $
                -
                
                $
                -
                
                $
                19,500
                
                $
                (58,207
                )
                $
                (1,587
                )Net
                    (Loss) for period
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                
                $
                (6,678
                )
                $
                (6,678
                )Balance,
                  July 31, 2006
                
                
                37,120,000
                
                $
                37,120
                
                $
                -
                
                $
                -
                
                $
                19,500
                
                $
                (
                  64,885
                )
                $
                (8,265
                )
  The
      accompanying notes are an integral part of these financial
      statements.




6


**RAVEN
      GOLD CORP.**


(Formerly
      Riverbank Resources Inc.)


**STATEMENT
      OF CASH FLOWS**


(An
      Exploration Stage Company)


(Stated
      in US Dollars)


For
                    the three Months Ended July
                    31
                
                From
                    Inception
                  (February
                    9, 2005) to2006
                
                
                2005
                
                
                July
                    31 2006(Un-audited)
                
                
                (Un-audited)
                
                
                (Audited)CASH
                    FLOWS FROM OPERATING ACTIVITIESNet
                    Loss
                
                $
                (6,678
                )
                $
                (4,041
                )
                $
                (64,885
                )Adjustments
                    to Reconcile Net Lossto
                    Net Cash Used in Operations:Changes
                    in Operating Assets and Liabilities
                
                $
                -
                
                $
                -
                
                $
                3,000Prepaid
                    Expenses
                
                $
                -
                
                $
                (3,650
                )
                $
                (1,370
                )Accounts
                    Payable & Accrued Expenses
                
                $
                3,674
                
                $
                876
                
                $
                6,631Net
                    Cash Used In Operating Activities
                
                $
                (3,004
                )
                $
                (6,815
                )
                $
                (56,624
                )CASH
                    FLOWS FROM INVESTING ACTIVITIESPurchase
                    of Mineral Rights
                
                $
                (425,000
                )
                $
                -
                
                $
                (428,000
                )Net
                    Cash Used In Investing Activities
                
                $
                (425,000
                )
                $
                -
                
                $
                (428,000
                )CASH
                    FLOWS FROM FINANCING ACTIVITIESLoans
                
                $
                425,000
                
                $
                425,000Advances
                    from Related Party
                
                $
                3,100
                
                $
                -
                
                $
                3,100Bank
                    Overdraft
                
                $
                -
                
                $
                -
                
                $
                -Proceeds
                    from Issuance of Common Stock
                
                $
                -
                
                $
                -
                
                $
                56,620Net
                    Cash Provided By Financing Activities
                
                $
                428,100
                
                $
                -
                
                $
                484,720CASH
                    AND CASH EQUIVALENTS AT BEGINNING OF PERIOD
                
                $
                -
                
                $
                48,744
                
                $
                -NET
                    INCREASE (DECREASE) IN CASH
                
                $
                96
                
                $
                (9,794
                )
                $
                96CASH
                    AND CASH EQUIVALENTS AT END OF PERIOD
                
                $
                96
                
                $
                41,929
                
                $
                96SUPPLEMENTAL
                    DISCLOSURE OF CASH FLOW INFORMATIONCash
                    Paid For:Interest
                
                $
                -
                
                $
                -
                
                $
                -Income
                    Tax
                
                $
                -
                
                $
                -
                
                $
                -


The
      accompanying notes are an integral part of these financial
      statements.




7


**RAVEN
      GOLD CORP.**


(Formerly
      Riverbank resources Inc.)


(AN
      EXPLORATION STAGE COMPANY)


**NOTES
      TO FINANCIAL STATEMENTS AS**


**OF
      JULY 31, 2006**




(UNAUDITED)




**NOTE
      1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND
      ORGANIZATION**




(A)
      Basis
      of Presentation




The
      accompanying unaudited financial statements have been prepared in accordance
      with accounting principles generally accepted in the United States of America
      and the rules and regulations of the Securities and Exchange Commission for
      interim financial information. Accordingly, they do not include all the
      information necessary for a comprehensive presentation of financial position
      and
      results if operations.




It
      is
      management's opinion however, that all material adjustments (consisting of
      normal recurring adjustments) have been made which are necessary for a fair
      financial statements presentation. The results for the interim period are not
      necessarily indicative of the results to be expected for the year.




(B)
      Organization




Riverbank
      Resources Inc. (an exploration stage company) (the "Company") was incorporated
      under the laws of the State of Nevada on February 9, 2005. The Company is a
      natural resource exploration company with an objective of acquiring, exploring
      and if warranted and feasible, developing natural resource properties.
      Activities during the development stage include developing the business plan
      and
      raising capital.




On
      August14, 2006 the Company filed a certificate of amendment to the Nevada
      Secretary of State to change its name to Raven Gold Corp.




(C)
      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.




(D)
      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
      purchase to be cash equivalents.


8


**RAVEN
      GOLD CORP.**


(Formerly
      Riverbank resources Inc.)


(AN
      EXPLORATION STAGE COMPANY)


**NOTES
      TO FINANCIAL STATEMENTS AS OF JULY 31, 2006**




(UNAUDITED)




(E)
      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 Company had capitalized $3,000 related to the mineral rights acquired in
      2005 and which were impaired of as of July 31, 2006.




(F)
      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, goodwill and certain identifiable intangible 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.




(G)
      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 the 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.




(H)
      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, 2006, there were no dilutive securities
      outstanding.




(I)
      Business Segments




The
      Company operates in one segment and therefore segment information is not
      presented.




9


**RAVEN
      GOLD CORP.**


(Formerly
      Riverbank resources Inc.)


(AN
      EXPLORATION STAGE COMPANY)


**NOTES
      TO FINANCIAL STATEMENTS AS OF JULY 31, 2006**




(UNAUDITED)




(J)
      Recent Accounting Pronouncements




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




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




**NOTE
      2 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 Skeeena 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.




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%.




**NOTE
      3 LOANS**




In
      May of
      2006, the Company received $3,100 in advances from its 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.




10


**RAVEN
      GOLD CORP.**


(Formerly
      Riverbank resources Inc.)


(AN
      EXPLORATION STAGE COMPANY)


**NOTES
      TO FINANCIAL STATEMENTS AS OF JULY 31, 2006**




(UNAUDITED)




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.




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
      25, 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.




**NOTE
      4 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).




**NOTE
      5 SUBSEQUENT EVENTS**




On
      August14, 2006 the Company filed a certificate of amendment to the Nevada
      Secretary of State to change its name to Raven Gold Corp.




In
      August
      of 2006 the Company performed a 5 to 1 forward split of its common stock for
      a
      total of 37,120,000 shares issued and outstanding.




On
      June
      1, 2006 the Company entered into an agreement with Tara Gold Resources Corp,
      for
      the "La Minita" Property. Attached is a schedule of payments under the mentioned
      agreement:


11


**RAVEN
      GOLD CORP.**


(Formerly
      Riverbank resources Inc.)


(AN
      EXPLORATION STAGE COMPANY)


**NOTES
      TO FINANCIAL STATEMENTS AS OF JULY 31, 2006**




(UNAUDITED)




On
      June
      1, 2006 the Company entered into an agreement with Tara Gold Resources Corp,
      for
      the "La Currita" Property. Attached is a schedule of payments under the
      mentioned agreement:




12


**RAVEN
      GOLD CORP.**


(Formerly
      Riverbank resources Inc.)


(AN
      EXPLORATION STAGE COMPANY)


**NOTES
      TO FINANCIAL STATEMENTS AS OF JULY 31, 2006**




(UNAUDITED)




As
      of
      September 18, 2006 the payment scheduled for August 25, 2006 has not been
      completed. The Company has not issued any shares that form part of the
      agreements with Tara Gold Resources Corp. for "Las Minitas" and "La Currita'
      properties as of September 18, 2006.




**NOTE
      6 GOING CONCERN**




As
        reflected in the accompanying financial statements, the Company is in the
        exploration stage with no operations and has a negative cash flow from
        operations of $428,004 from inception. As shown in the accompanying financial
        statements, the Company has an accumulated deficit during the exploration
        stages
        of $64,885 for the period from February 9,2005 (inception) to July 31, 2006.
        This raises substantial doubt about its ability to




13


**RAVEN
      GOLD CORP.**


(Formerly
      Riverbank resources Inc.)


(AN
      EXPLORATION STAGE COMPANY)


**NOTES
      TO FINANCIAL STATEMENTS AS OF JULY 31, 2006**




(UNAUDITED)




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.









14


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




**Forward-Looking
      Statements**




This
      Form
      10-QSB includes -" forward-looking statements" within the meaning of the
      "safe-harbor" provisions of the Private Securities Litigation Reform Act of
      1995. Such statements are based on management's current expectations and are
      subject to a number of factors and uncertainties that could cause actual results
      to differ materially from those described in the forward-looking
      statements.




All
      statements other than historical facts included in this Form, including without
      limitation, statements under "Plan of Operation", regarding the Company's
      financial position, business strategy, and plans and objectives of management
      of
      the Company for the future operations, are forward-looking
      statements.




Although
      the Company believes that the expectations reflected in such forward-looking
      statements are reasonable, it can give no assurance that such expectations
      will
      prove to have been correct. Important factors that could cause actual results
      to
      differ materially from the Company's expectations include, but are not limited
      to, market conditions, competition and the ability to successfully complete
      financing.




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




On
      June
      1, 2006 the company entered an agreement with Tara Gold Resources Corp for
      the
      "Las Minita" 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. The Company will focus its 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.




On
      June
      1, 2006 the company 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, Raven Gold Corp. is
      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


As
        of
        July 31, 2006 the Company had total assets of $ 426,466 consisting of $ 96
        cash,
        $ 1,370 in prepaid expenses and $425,000 investment in Mineral Properties.
        This
        represents the Company's present and only sources of
        liquidity.






The
        Company's liabilities at July 31, 2006 totaled $434,731 consisting of $9,731
        in
        advances from related parties and accounts payable, and $425,000 in loans
        payable.




For
        the
        three month period ending July 31, 2006 the Company generated no revenues
        and
        has incurred total expenses of $6,678 consisting of an operation loss of
        $6,678.




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




The
      Company has not realized any revenues since inception, and for the three month
      period ended July 31, 2006, and it is presently operating at an ongoing
      deficit.




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




The
      Company's plan of operation for the twelve months following the date of this
      report is to initiate an investigation to identify new opportunities in the
      mineral exploration field and opportunities that may be made available in other
      industries. It will also attempt to secure the necessary funding required to
      finance the purchase and development of the assets that may be purchased during
      the next twelve months. The Company is unable to estimate, at this time, the
      necessary funding required to purchase and develop any new assets that may
      be
      acquired in the next twelve months. It will only be able to make that
      determination once any assets are acquired.




16


Presently
      the company does not have the necessary cash to support its business operation
      for the next twelve months. Unless the company raises the necessary capital
      to
      implement its business plan during the next twelve months, it will be unable
      to
      support its operations and it will be forced to scale down or perhaps even
      cease
      its business operation.




The
      Company anticipates incurring approximately $40,000 for administrative expenses
      including accounting and audit costs ($10,000) legal fees ($10,000), rent and
      office costs ($5,000), computer costs ($5,000), telephone costs ($2,000), Edgar
      filings ($2,000) and general administrative costs ($6,000) over the next 12
      months.




On
      July
      18 2005, the Company filed an SB2 Registration Statement with The Security
      and
      Exchange Commission of the United States (SEC) in order to gain a reporting
      Status in the United States and in order to register its common stock. On
      September 20, 2005, the company received its effective status with the SEC
      becoming a fully reporting company in the United States.




The
      Company has retained a market maker to sponsor a 15c211 application with the
      National Association of Securities Dealers (NASD) in order to have its common
      shares posted for trading on the NASD Over the Counter Bulletin Board (OTC
      BB)
      upon approval of this application. The company has received this approval and,
      as of December 8, 2005, the common shares of its capital stock have been posted
      and quoted for trading on the NASD, OTC BB under the trading symbol
      RVBK.




**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 negative cash flow from
        operations of $56,624 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.




17


**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.




**PART
      II - OTHER INFORMATION**




**Item
      1. Legal Proceedings**




The
      Company is not a party to any pending legal proceeding. Management is not aware
      of any threatened litigation, claims or assessments.




**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







18


**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.




There
        were no reports filed on form 8K during the three months ending July 31,
        2006.


19




**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: June
                  22, 2007
              By:
              */s/ Blair
                  Naughty*Blair
                  NaughtyChief
                  Executive Officer and
                  President




**RAVEN
                  GOLD CORP.**Date: June
                  22, 2007
              By:
              */s/ Bashir
                  Virji*Bashir
                  VirjiChief
                  Financial Officer, acting Principal Financial Officer, and
                acting
                  Principal Accounting Officer





20