UNITED
STATES


SECURITIES
AND EXCHANGE COMMISSION




Washington, DC 20549




FORM
10-QSB




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




For the
quarterly period ended January
31, 2008




|_|
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.)





Suite
205 - 598 Main Street


Penticton, British Columbia,
Canada V2A-5C7


(Address
of principal executive offices)




Issuer's
telephone number, including area code: (405) 312
0998







(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: 75,240,000 shares of Common Stock, $0.001 par
value per share, issued and outstanding as of March 14, 2008.







TABLE
OF CONTENTS







PART
      I. FINANCIAL INFORMATIONPageITEM 1.
            Financial
      Statements (unaudited)
            3Balance
      Sheets at January 31, 2008 and April 30, 2007Statements
      of Operations for the three and nine months ended January 31, 2008 and
      2007
            5Statement
      of Cash Flows for the nine months ended January 31, 2008 and
      2007
            6Notes
      to Financial Statements
            7ITEM 2
            Management’s
      Discussion and Analysis or Plan of Operation
            8ITEM 3
            Controls
      and Procedures
            11PART
      II. OTHER INFORMATION
            12ITEM 1
            Legal
      Proceedings
            12ITEM 2.
            Unregistered
      Sales of Equity Securities and Use of Proceeds
            12ITEM 3.
            Defaults
      Upon Senior Securities
            12ITEM 4.
            Submission
      of Matters to a Vote of Security Holders.
            12ITEM 5.
            Other
      Information
            12ITEM 6
            Exhibits
            12Signatures
            13








2





PART 1 - FINANCIAL
INFORMATION




Item
1. Financial Statements




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. (An Exploration
Stage Company) as of January 31, 2008, and the related statements of operations,
retained earnings, and cash flows for the nine months then ended, in accordance
with the standards of the Public Company Accounting Oversight Board (United
States).  All information included in these financial statements is
the representation of the management of Raven Gold Corp. (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.





/s/
Moore & Associates, Chartered


Moore
& Associates, Chartered


Las
Vegas, Nevada


March 12,
2008




2675 S. JONES BLVD. SUITE 109, LAS VEGAS, NEVADA 89146
(702) 253-7499 Fax: (702)253-7501







3










RAVEN
GOLD CORP.





(formerly
Riverbank Resources Inc.)




(An
Exploration Stage Company)




INTERIM
FINANCIAL STATEMENTS




January
31, 2008




(Stated
in US Dollars)




(Unaudited)













4





RAVEN
GOLD CORP.


(formerly
Riverbank Resources Inc.)


(An
Exploration Stage Company)


INTERIM
BALANCE SHEETS


January
31, 2008 and April 30, 2007


(Stated
in US Dollars)








January
      31,
            
            
            April
      30,ASSETS
            
            2008
            
            
            2007(Unaudited)CurrentCash
      and Equivalents
            
            $
            1,869
            
            
            $
            321,671Investment
      in Joint Venture
            
            
            500,000
            
            
            
            500,000Mineral
      Properties
            
            
            2,225,000
            
            
            
            1,625,000$
            2,726,869
            
            
            $
            2,446,671LIABILITIESCurrentAccounts
      Payable
            
            $
            33,818
            
            
            $
            24,739Advances
      from Related party
            
            
            3,100
            
            
            
            3,100Accrued
      Interest
            
            
            128,004
            
            
            
            -Loans
      Payable
            
            
            2,524,000
            
            
            
            2,075,0002,688,922
            
            
            
            2,102,839STOCKHOLDERS’ EQUITY
      (DEFICIENCY)Capital
      stockPreferred
      stock, $0.001 par value, 1,000,000 shares authorized,None
      issued and outstanding. Common stock, $0.001 par value,500,000,000
      authorized, 75,240,000 shares issued and outstandingas
      of January 31, 2008, and as of April 30, 2007
            
            
            75,240
            
            
            
            75,240Additional
      paid-in capital
            
            
            481,380
            
            
            
            481,380Deficit
      accumulated during the exploration stage
            
            
            (518,673
            )
            
            
            (212,788
            )37,947
            
            
            
            343,832$
            2,726,869
            
            
            $
            2,446,671






5





RAVEN
GOLD CORP.


(formerly
Riverbank Resources Inc.)


(An
Exploration Stage Company)


INTERIM
STATEMENTS OF OPERATIONS


for the
nine months ended January 31, 2008 and 2007 and


for the
period from February 9, 2005 (Date of Inception) to January 31,
2008


(Stated
in US Dollars)


(Unaudited)





February
      9, 2005(Date
      ofThree
      months ended
            
            
            Nine
      months ended
            
            
            Inception)
      toJanuary
      31,
            
            
            January
      31,
            
            
            January
      31,2008
            
            
            2007
            
            
            2008
            
            
            2007
            
            
            2008ExpensesExploration
      costs and expenses
            
            $
            -
            
            
            $
            -
            
            
            $
            6,286
            
            
            $
            -
            
            
            $
            36,036Professional
      fees
            
            
            4,427
            
            
            
            18,071
            
            
            
            60,347
            
            
            
            26,110
            
            
            
            138,879General
      and administrative
            
            
            22,917
            
            
            
            23,697
            
            
            
            88,019
            
            
            
            24,065
            
            
            
            129,187Listing
      and filing
            
            
            2,335
            
            
            
            3,559
            
            
            
            15,141
            
            
            
            23,144
            
            
            
            47,806Investor
      relations
            
            
            -
            
            
            
            14,668
            
            
            
            10,723
            
            
            
            19,668
            
            
            
            35,670Total
      expenses
            
            
            29,679
            
            
            
            59,995
            
            
            
            180,516
            
            
            
            92,987
            
            
            
            387,578Loss
      before other items
            
            
            (29,679
            )
            
            
            (59,995
            )
            
            
            (180,516
            )
            
            
            (92,987
            )
            
            
            (387,578
            )Other
      Income and ExpensesInterest
      Expense
            
            
            (25,931
            )
            
            
            -
            
            
            
            (128,004
            )
            
            
            -
            
            
            
            (128,004
            )Impairment
      (loss) of Mineral Rights
            
            
            -
            
            
            
            -
            
            
            
            -
            
            
            
            -
            
            
            
            (3,000
            )Foreign
      Currency transaction (loss)
            
            
            (3,847
            )
            
            
            (498
            )
            
            
            2,635
            
            
            
            (1,791
            )
            
            
            (91
            )Net
      loss for the period
            
            $
            (59,457
            )
            
            $
            (60,493
            )
            
            $
            (305,885
            )
            
            $
            (94,778
            )
            
            $
            (518,673
            )Basic
      and diluted loss per share – continuing operations
            
            $
            (0.00
            )
            
            $
            (0.00
            )
            
            $
            (0.00
            )
            
            $
            (0.00
            )Weighted
      average number of shares outstanding
            
            
            75,240,000
            
            
            
            37,258,888
            
            
            
            75,240,000
            
            
            
            37,258,888





6





RAVEN
GOLD CORP.


(formerly
Riverbank Resources Inc.)


(An
Exploration Stage Company)


INTERIM
STATEMENTS OF CASH FLOWS


for the
nine months ended January 31, 2008 and 2006 and


for the
period from February 9, 2005 (Date of Inception) to January 31,
2008


(Stated
in US Dollars)


(Unaudited)





February
      9, 2005(Date
      ofNine
      months ended
            
            
            Inception)
      toJanuary
      31,
            
            
            January
      31,2008
            
            
            2007
            
            
            2008Operating
      ActivitiesNet
      loss for the period
            
            $
            (305,885
            )
            
            $
            (94,778
            )
            
            $
            (518,673
            )Adjustments
      to reconcile net loss to net cash used in operating
      activities:Prepaid
      expenses
            
            
            -
            
            
            
            1,370
            
            
            
            -Accounts
      payable and expenses
            
            
            9,079
            
            
            
            15,081
            
            
            
            33,818Cash
      used in operating activities
            
            
            (296,806
            )
            
            
            (78,327
            )
            
            
            (484,855
            )Investing
      ActivitiesInvestment
      in Joint Venture
            
            
            -
            
            
            
            (500,000
            )
            
            
            (500,000
            )Purchase
      of mineral rights
            
            
            (600,000
            )
            
            
            (1,075,000
            )
            
            
            (2,225,000
            )Cash
      used in investing activities
            
            
            (600,000
            )
            
            
            (1,575,000
            )
            
            
            (2,725,000
            )Financing
      ActivitiesIssuance
      of common stock
            
            
            -
            
            
            
            -
            
            
            
            556,620Accrued
      Interest
            
            
            128,004
            
            
            
            -
            
            
            
            128,004Issuance
      of promissory notes payable
            
            
            449,000
            
            
            
            1,825,000
            
            
            
            2,524,000Due
      to related party
            
            
            -
            
            
            
            3,100
            
            
            
            3,100Cash
      from financing activities
            
            
            577,004
            
            
            
            1,828,100
            
            
            
            3,211,724Increase
      (decrease) in cash during the period
            
            
            (319,802
            )
            
            
            74,773
            
            
            
            1,869Cash,
      beginning of the period
            
            
            321,671
            
            
            
            (2,957
            )
            
            
            -Cash,
      end of the period
            
            $
            1,869
            
            
            $
            71,816
            
            
            $
            1,869





7





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




Forward-Looking
Statements





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





•
            
            our
      ability to attract and retain management;•
            
            our
      growth strategies;•
            
            anticipated
      trends in our business;•
            
            environmental
      risks;•
            
            exploration
      and development risks;•
            
            competition;•
            
            the
      ability of our management team to execute its plans to meet its
      goals;•
            
            general
      economic conditions, whether internationally, nationally or in the
      regional and local market areas in which we are doing business, that may
      be less favorable than expected; and•
            
            other
      economic, competitive, governmental, legislative, regulatory, geopolitical
      and technological factors that may negatively impact our businesses,
      operations and pricing.





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




Overview




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




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




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




8




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





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





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





Plan
of Operation





Our plan
of operation for the next twelve months is to complete our efforts on the
validation of the previous exploration work with respect to the “Las Minitas”
and “La Currita” properties.




We have
not earned any revenues from the date of our incorporation on February 9, 2005
to January 31, 2008. We do not anticipate earning revenues unless we achieve net
operating revenues from our “Las Minitas” and “La Currita” properties, which is
questionable pending the exploration and mill expansion results.  We have
not commenced the exploration stage of our business and can provide no assurance
that we will discover gold or mineral findings on the properties, or if such
findings are discovered, or that we will enter into commercial
production.




Results
of Operations





Three
Months Ended January 31, 2008 Compared to Three Months Ended January 31,
2007





We did
not have any revenues for the three months ended January 31, 2008.





We did
not incur any exploration expenses during the three months ended January 31,
2008 and 2007, as we have not commenced the exploration stage of our business.
As we did not earn any revenues for three months ended January 31, 2008, our
cost of revenues for three months ended January 31, 2008 was 0.





Total
expenses for the three months ended January 31, 2008 were $59,457 as compared to
$60,493 for the three months ended January 31, 2007, representing a decrease in
total expenses of $1,036 or 1.7%.





Our net
loss for the three months ended January 31, 2008 was $59,457 compared to a net
loss of 60,493 for three months ended January 31, 2007, a decrease of $1,036, or
1.7%.





Nine
Months Ended January 31, 2008 Compared to Nine Months Ended January 31,
2007





We did
not have any revenues for the nine months ended January 31, 2008.





We did
not incur any exploration expenses during the nine months ended January 31, 2008
and 2007, as we have not commenced the exploration stage of our business. As we
did not earn any revenues for nine months ended January 31, 2008, our cost of
revenues for nine months ended January 31, 2008 was NIL.





Total
expenses for the nine months ended January 31, 2008 were $305,885 as compared to
$94,778 for the nine months ended January 31, 2007, representing an increase in
total expenses of $211,107 or 222%. The increase was due to higher listing,
filing and investor relations costs, setting up infra-structure for the company
and accrual of interest on loans effective May 1, 2007





Our net
loss for the nine months ended January 31, 2008 was $305,885 compared to a net
loss of $94,778 for nine months ended January 31, 2007, an increase of
$211,107-, or 222%. The substantial net loss was due to higher listing, filing
and investor relations costs, setting up infra-structure for the company and
accrual of interest on loans effective May 1, 2007




9




Liquidity
and Capital Resources





Our total
current assets as of January 31, 2008 were $1,869, including $1,869 in cash as
compared with $321,671 in total current assets as of April 30, 2007, which
included cash of $321,671. Additionally, we had a shareholders deficiency in the
amount of $518,673 as of January 31, 2008 as compared to shareholders’
deficiency of $212,788 as of April 30, 2007. The shareholders’ deficit is as a
result of costs incurred as above. We have historically incurred losses and have
financed our operations through loans and from the proceeds of the corporation
selling shares of our common stock privately.





The
number of common shares outstanding increased from 37,620,000 to 75,240,000
effective as of March 6, 2007. This increase was a direct result of a 2-for-1
forward stock split of our common stock which we effected in March of
2007.





We had
$296,806 of negative cash outflow from operating activities for the nine months
ended on January 31, 2008, compared to a negative cash flow of $78,327 for the
nine months ended January 31, 2007, an increase in cash outflow of approximately
279% or $218,479. The substantial increase in cash outflow was primarily
attributable to loss incurred by the Company in connection with the increased
filing and investor relations costs, setting up infra-structure for the company
and accrual of interest on loans effective May 1, 2007.





We had
$577,004 of cash inflow from financing activities during the nine months ended
January 31, 2008, as compared to $1,828,100 cash flow from financing activities
for the nine months ended January 31, 2007, attributable to issuance of
promissory notes payable.





We had no
cash flow from investing activities for the nine months ended on January 31,
2008, and we did not have any cash flow from investing activities during the
nine months ended on January 31, 2007.




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




We have
not realized any revenues since inception, and for the nine month period ended
January 31, 2008, and we are presently operating at an ongoing
deficit.




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




Off
Balance Sheet Arrangements




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




CRITICAL
ACCOUNTING POLICIES




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




Mineral
Interest




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




10




Long-lived
Assets




We
account for long-lived assets under the statements of Financial Accounting
Standards Nos. 142 and 144 “Accounting for Goodwill and Other Intangible Assets”
and “Accounting for Impairment or Disposal of Long-lived Assets” (“SFAS No. 142
and 144”). In accordance with SFAS No. 142 and 144, long-lived assets held and
used by us 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.




Income Taxes





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




Going
Concern




As
reflected in the accompanying financial statements, we are in the exploration
stage and have not commenced the exploration stage of our business and have a
negative cash flow from operations of $559,904 from inception. This raises
substantial doubt about our ability to continue as a going concern. Our ability
to continue as a going concern is dependent on our ability to raise additional
capital and implement our business plan. The financial statements do not include
any adjustments that might be necessary if we are 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 us to continue as a
going concern.




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




Recent
Accounting Pronouncements




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




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




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




Item 3. Controls and
Procedures




Our
management, which includes our Chief Executive Officer and our Chief Financial
Officer, have conducted an evaluation of the effectiveness of our disclosure
controls and procedures (as defined in Rule 13a-14(c) promulgated under the
Securities and Exchange Act of 1934, as amended) as of a date (the "Evaluation
Date") as of the end of the period covered by this Quarterly 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.




Item
3A(T). Controls and Procedures




Not
applicable.







11




PART II - OTHER
INFORMATION




Item
1. Legal Proceedings





We are
not currently a party to, nor is any of our properties currently the subject of,
any pending legal proceeding. None of our directors, officers or affiliates is
involved in a proceeding adverse to our business or has a material interest
adverse to our business.




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




None.




Item
3. Defaults Upon Senior Securities




None
..




Purchases
of Equity Securities by the Small Business Issuer and Affiliated
Purchasers




None.




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





None.







Item 5. Other
Information





(a)
  None.





(b)
  As of the date of this Quarterly Report, the Company does not have any
board of directors committees. No material changes to the procedures by which
security holders may recommend nominees to the Company’s board of directors
occurred or implemented since the Company’s last periodic filing, its Quarterly
Report filed on Form 10-QSB for the six months ended October 31,
2007.




Item
6. Exhibits and Report on Form 8-K





3(i)1
            
            Articles
      of Incorporation of Raven Gold Corp. (1)3(i)(2)
            
            Certificate
      of Amendment filed with the Secretary of State of the State of Nevada on
      February 23, 2007. (2)3(ii)
            
            By-laws
      of Raven Gold Inc (formerly Riverbank Resources Corp.)
  (1)31.1
            
            Certification
      of Periodic Financial Reports by Blair Naughty in satisfaction of Section
      302 of the Sarbanes-Oxley Act of 2002. *31.2
            
            Certification of Periodic
      Financial Reports by Bashir Virji in satisfaction of Section 302 of the
      Sarbanes-Oxley Act of 2002. *32.1
            
            Certification
      of Periodic Financial Reports by Blair Naughty in satisfaction of Section
      906 of the Sarbanes-Oxley Act of 2002 and 18 U.S.C. Section 1350.
      *32.2
            
            Certification
      of Periodic Financial Reports by Bashir Virji in satisfaction of Section
      906 of the Sarbanes-Oxley Act of 2002 and 18 U.S.C. Section 1350.
      *





* Filed
Herewith


(1)
      Incorporated by reference to the Company’s Registration Statement filed
      with the SEC on Form SB-2 on June 18, 2005.(2)
      Incorporated by reference to the Company’s Current Report filed with the
      SEC on Form 8-K on March 12, 2007.





12





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: March
      24, 2008
            By:
            /s/
      Mike
      WoodMike
      WoodChief
      Executive Officer and President




Date: March
      24, 2008
            By:
            /s/ 
      Bashir
      VirjiChief
      Financial Officer, acting Principal Financial Officer,
  andacting
      Principal Accounting Officer