============================================================================

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-KSB/A

(Mark One)

|X|

ANNUAL REPORT AMENDED PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES

EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2005

|_|

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE

ACT OF 1934

For the transition period from ________________ to ________________

Commission File Number 0-26600

---------------------------------------------------------------------------------------------------------------------------------

NAPTAU GOLD CORPORATION

(Exact name of registrant as specified in its charter)

Delaware                                                       22-3386947

(State or other jurisdiction of                                  (IRS Employer

incorporation or organization)                               Identification No.)

103 E Holly St, Suite 303

Bellingham, WA  98226

(address of principal executive offices)

(604) 277-5252

(Issuer's telephone number)

--------------------------------------------------------------------------

(former address)

-----------------------------

(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 registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes |  |  No |X|



State the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date: 59,060,560 shares of Common Stock, $.001 par value, were outstanding, as of April 6, 2006.



Check if there is no disclosure of delinquent filers in response to Item 405 of Regulation S-B contained in this form, and no disclosure will be contained, to the best of registrants knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-KSB or any amendments to this Form 10-KSB.  |X|



The issuers revenues for its most recent fiscal year: $0.00



The aggregate value of the voting common equity held by non-affiliates as of April 6, 2006 based on the sale price of $0.11 was $1,541,100.

DOCUMENTS INCORPORATED BY REFERENCE

Part I Item 1 Form S-8 Registration Statement under the Securities Act of 1933 filed under Accession Number0001137171-04-000481 April 20,2004;





---

Part I Item 1 Amended Presentation to the Stock Holders, filed November 10, 2003; Employment Agreement of Loren Miller included in the Companys Form 10-QSB for the quarter ended September 30, 2004 filed November 15, 2004.

Part III.  Item 9 Presentation to Stock Holders filed August 13, 2003; Item 10 Stock Option Plan and Stock Grant Plan included in the Companys 10-SB filed  September 09, 1997; and



For further information on documents incorporated by reference see Item 13 EXHIBITS AND REPORTS ON FORM 8-K in Part III.



Transitional Small Business Disclosure Format (Check one): Yes ____; No |X|

============================================================================



---





TABLE OF CONTENTS



Part I

ITEM 1.

BUSINESS

4

ITEM 2.

DESCRIPTION OF PROPERTY

5

ITEM 3.

LEGAL PROCEEDINGS

5

ITEM 4.

SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

5

Part II

ITEM 5.

MARKET FOR REGISTRANT'S COMMON EQUITY AND

RELATED STOCKHOLDERS MATTERS

6

ITEM 6.

MANAGEMENTS PLAN OF OPRTATIONS

6

ITEM 7.

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

7

ITEM 8.

CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS

ON ACCOUNTING AND FINANCIAL DISCLOSURE

8

ITEM 8.A

CONTROLS AND PROCEDURES

8

Part III

ITEM 9.

DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL

PERSONS; COMPLIANCE WITH SECTION 16(A) OF THE EXCHANGE ACT

8

ITEM 10.

EXECUTIVE COMPENSATION

9

ITEM 11.

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS

AND MANAGEMENT

11

ITEM 12.

CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

12

ITEM 13.

EXHIBITS AND REPORTS ON FORM 8-K

12

ITEM 14.

PRINCIPAL ACCOUNTANTS FEES AND SERVICES

13

SIGNATURES

15

EXHIBITS



---

PART I

ITEM 1. BUSINESS

Business Development

The Company was formed under the laws of the State of Delaware on January 8, 1988 and was inactive until 1995 when it entered into an agreement to acquire certain mineral properties.  The operation of the mineral properties was unsuccessful and as at December 31, 1999 the Company entered into a recission and release agreement whereby all assets previously acquired, including staked placer leases and related production equipment located on the properties, were conveyed back in consideration for the release from all related debts and obligations.  At present the Company holds no interest in any mineral properties.

The Company is also registered as a foreign corporation (extra Provincial Corporation) in the Province of British Columbia, Canada.

For discussion of certain material risks involved in the Companys business, see Risk Factors below.

Business of Naptau Gold Corporation

The Company historically engaged in the acquisition, exploration and development of mineral properties.

The Company's principal business activity was the exploration and development of mineral properties until the reorganization approved by the shareholders as of September 24, 2003 (Exhibit 2.2).  Effective October 1, 2003 the Company discontinued its current operations and re-entered the development stage to examine new opportunities in the acquisition and development of projects related to the base metal sectors of the mining industry and pursue potential opportunities in the hospitality, real estate, and hotel sectors.

The CEO and President have identified potential opportunities in the providing of hospice care facilities in both the US and Overseas.  As of the date of this report they are pursuing these and researching opportunities in the development of mineral properties.

Risk Factors

Limited Operations: Need for Additional Funds. By agreement, effected December 31, 1999, the Company relinquished all its mining properties and equipment back to Noble Metal Group Incorporated (Noble) for a release from all related debt.  The Company has not generated any significant revenues and will not generate significant revenues until it is able to develop new projects and sources of financing.  During 2005 the Company actively pursued opportunities related to its business.

At December 31, 2005 the Company had a stockholders' deficit of $343,319.

Liquidity: The financial statements of the Company contained herein have been prepared on a going concern basis.  If the Company were unable to raise funds necessary to continue operations or were unable to generate positive cash flow from new operations, it might be forced to liquidate. In such event, it is unlikely that the Company would realize amounts sufficient to liquidate its liabilities recorded on the balance sheet.

Substantial Indebtedness to Related Parties: The Company owed an aggregate of $343,367 primarily to Officers, Directors and related parties.  There can be no assurance that the Company will be able to satisfy its obligations to the Related Parties.







---

Conflicts of Interest: The terms upon which the Rescission Agreement was concluded were determined by negotiations between representatives of Noble and the Company.  Noble and its President, Dorothy Dennis, (Dennis) then owned more than a majority of the outstanding shares of the Company and therefore, the agreement between Noble, Dennis and the Company should not be deemed the product of arms length negotiations.



ITEM 2. DESCRIPTION OF PROPERTY

At present the Company holds no properties.

The Company occupies office space provided by its CFO/Secretary, E. D. Renyk, at Unit 17, 12311 McNeely Dr., Richmond, BC, Canada, V6V 2S2 and has a representative office at 103 E. Holly Street, Suite 303, Bellingham, WA, 98225. No rent was paid for the use of the Canadian office. The space is adequate for the planned future conduct of the Companys business over the next twelve months.

ITEM 3. LEGAL PROCEEDINGS

The Company is not the subject of any pending legal proceedings except as described below; and to the knowledge of management, no proceedings are presently contemplated against the Company by any federal, state or local governmental agency.

Further, to the knowledge of management, no director or executive officer is party to any action in which any has an interest adverse to the Company.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

No matter was submitted to a vote of security holders through the solicitation of proxies or otherwise during the fourth quarter of the fiscal year covered by this report.









---

PART II



ITEM 5. MARKET FOR REGISTRANTS COMMON EQUITY AND RELATED STOCKHOLDERS MATTERS

*

On April 22, 1999 Naptau Gold Corporation was cleared to post a bid and ask quotation on the OTC Bulleting Board for Naptau Common Stock

Market price ranges of the Companys common stock during 2005 and the previous two years were:

200520042003PeriodHighLowHighLowHighLow1st Quarter0.140.060.350.150.080.032nd Quarter0.110.050.320.150.160.033rd Quarter0.080.050.250.080.260.044th Quarter0.100.020.200.060.510.05


*

Holders.

As of April 11, 2006, there were 42 registered holders of the Companys Common Stock.

Dividends.

The Company has never paid a cash dividend on its Common Stock and has no present intention to declare or pay cash dividends on the Common Stock in the foreseeable future. The Company intends to retain any earnings, which it may realize in the foreseeable future, to finance its operations. Future dividends, if any, will depend on earnings, financing requirements and other factors.

The Company has issued securities in the manner set forth below without registration under the Securities Act of 1933, as amended (the "Act") during the fourth quarter of 2003.

During  the  third  quarter  of 2003, 3,000,000 common shares were issued as a good faith deposit pursuant to an aborted purchase of mining properties and under the terms of the preliminary agreements are to be returned for cancellation now that the transaction is not proceeding.

The  Company  believes  that  the above-referenced transaction was exempt  from registration under the Act, pursuant to Section 4(2) of the Act and the  rules  and regulations promulgated there under as a transaction by an issuer not involving any public offering and/or Regulation S as promulgated pursuant to the  Act.

ITEM 6.   MANAGEMENTS PLAN OF OPERATION

THE FOLLOWING INFORMATION CONTAINS CERTAIN FORWARD-LOOKING STATEMENTS OF MANAGEMENT OF THE COMPANY. FORWARD-LOOKING STATEMENTS ARE STATEMENTS THAT ESTIMATE THE HAPPENING OF FUTURE EVENTS AND ARE NOT BASED ON HISTORICAL FACT.  FORWARD-LOOKING STATEMENTS MAY BE IDENTIFIED BY THE USE OF FORWARD-LOOKING TERMINOLOGY, SUCH AS "MAY," "SHALL," "WILL," "COULD," "EXPECT," "ESTIMATE," "ANTICIPATE," PLAN, "PREDICT," "PROBABLE," "POSSIBLE," "SHOULD," "CONTINUE," OR SIMILAR TERMS, VARIATIONS OF THOSE TERMS OR THE NEGATIVE OF THOSE TERMS.  THE FORWARD-LOOKING STATEMENTS SPECIFIED IN THE FOLLOWING INFORMATION HAVE BEEN COMPILED BY OUR MANAGEMENT ON THE BASIS OF ASSUMPTIONS MADE BY MANAGEMENT AND CONSIDERED BY MANAGEMENT TO BE REASONABLE.  OUR FUTURE OPERATING RESULTS, HOWEVER, ARE IMPOSSIBLE TO PREDICT AND NO REPRESENTATION, GUARANTY, OR WARRANTY IS TO BE INFERRED FROM THOSE FORWARD-LOOKING STATEMENTS.







---

The following should be read in conjunction with the Companys financial statements and the notes thereto.

There is a negative working capital balance of approximately $343,300, a significant portion, of which is owed to related parties, all of whom have a vested interest in ensuring the Companys continued existence.

The Company earned no revenues and its operations have been limited to the research and development of business opportunities.

Expenditures as shown in the Statements of Operations during the 2005 year showing material increase or decrease over 2004 were:  (1)  Management Salaries $117,000, (2004 - $108,000) reflecting the effect of the management contract with the President being in effect for the full year; (3) General and Administrative $46,000, (2004 - $13,425) reflecting increased costs of Professional Fees reflecting the increased scrutiny of corporate filings; Interest$1,700 (2004  Nil) reflecting the added costs of carrying trade account balances.

With the exception of the increase in trade account balances $34,100 (2004 - $2,100) the Company has obtained its required funding for an increase in debt to shareholders, Officers and/or Directors.





ITEM 7. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

a)  Report of Independent Registered Public Accounting Firm













NAPTAU GOLD CORPORATION
(a Development Stage Company)





FINANCIAL REPORT





DECEMBER 31, 2005











---























C  O  N  T  E  N  T  S







Page



REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

1

FINANCIAL STATEMENTS

BALANCE SHEET

3

STATEMENTS OF OPERATIONS

4

STATEMENTS OF STOCKHOLDERS' DEFICIT

5

STATEMENTS OF CASH FLOWS

6

NOTES TO FINANCIAL STATEMENTS

7







---













REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM







To the Board of Directors

Naptau Gold Corporation

Bellingham, Washington







We have audited the accompanying balance sheet of Naptau Gold Corporation (a development stage company) as of December 31, 2005, and the related statements of operations, stockholders' deficit, and cash flows for the years ended December 31, 2005 and 2004, and for the period from September 30, 2003 (the effective date of the development stage) through December 31, 2005.  These financial statements are the responsibility of the Company's management.  Our responsibility is to express an opinion on these financial statements based on our audits.



We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States).  Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement.  The Company has determined that it is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting.  Our audit included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting.  Accordingly, we express no such opinion.  An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements.  An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation.  We believe that our audits provide a reasonable basis for our opinion.



In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Naptau Gold Corporation (a development stage company) as of December 31, 2005, and the results of its operations and its cash flows for the years ended December 31, 2005 and 2004, and for the period from September 30, 2003 (the effective date of the development stage) through December 31, 2005, in conformity with accounting principles generally accepted in the United States.





1



---





The accompanying financial statements have been prepared assuming the Company will continue as a going concern.  As discussed in Note 1 to the financial statements, the Company has not generated revenues or positive cash flows from operations and has an accumulated deficit at December 31, 2005.  These conditions raise substantial doubt about the Company's ability to continue as a going concern.  Management's plan regarding those matters is also described in Note 1.  The financial statements do not include any adjustments that might result from the outcome of this uncertainty.





/s/ Peterson Sullivan PLLC





April 9, 2006

Seattle, Washington







2



---





NAPTAU GOLD CORPORATION(a Development Stage Company)

BALANCE SHEET

December 31, 2005





|                      |                                                                 |                                          |                  |                                       |                 
|--------------------- | --------------------------------------------------------------- | ---------------------------------------- | ---------------- | ------------------------------------- | ----------------
|                      |                                                                 |                                          |                  | ASSETS                                |                 
|Current Asset         |                                                                
|                      | Cash                                                            |                                          | $             49
|                      |                                                                 |                                          |                  | LIABILITIES AND STOCKHOLDERS' DEFICIT |                 
|Current Liabilities   |                                                                
|                      | Accounts payable                                                | $      34,077                           
|                      | Accrued management compensation                                 | 271,500                                 
|                      | Accrued interest                                                | 2,678                                   
|                      | Loans payable, related parties                                  | 35,113                                  
|                      |                                                                 |                                          |                  | Total current liabilities             | 343,368         
|Stockholders' Deficit |                                                                
|                      | Preferred stock - authorized 5,000,000 shares, par value $.001, |                                         
|                      |                                                                 | none issued or outstanding               |                 
|                      | Common stock - authorized 500,000,000 shares, par value $.001,  |                                         
|                      |                                                                 | 59,060,560 shares issued and outstanding | 59,061          
|                      | Common stock issuable, 9,550,000 shares                         | 9,550                                   
|                      | Additional paid-in capital                                      | 5,213,481                               
|                      | Stock subscriptions                                             | (720,000)                               
|                      | Accumulated deficit                                             | (2,632,475)                             
|                      | Deficit accumulated during the development stage                | (2,272,936)                             
|                      |                                                                 |                                          |                  |                                       | (343,319)       
|                      |                                                                 |                                          |                  |                                       | $             49
|                      |                                                                 |                                          |                  |                                       |                 





See Notes to Financial Statements



3



---





NAPTAU GOLD CORPORATION(a Development Stage Company)



STATEMENTS OF OPERATIONS



For the Years Ended December 31, 2005 and 2004 and for the Period from

September 30, 2003 (the effective date of the development stage) through December 31, 2005



|                                                    |                            |             |                |             |                   |                |         |  |            
|--------------------------------------------------- | -------------------------- | ----------- | -------------- | ----------- | ----------------- | -------------- | ------- |  | -----------
|                                                    |                            |             |                |             |                   |                |         |  | Cumulative 
|                                                    |                            |             |                |             |                   |                |         |  | During the 
|                                                    |                            |             |                |             |                   |                |         |  | Development
|                                                    |                            |             |                |             | 2005              |                | 2004    |  | Stage      
|Revenue                                             | $           -              |             | $           -  |             | $               -
|Expenses                                            |                            |             |                |             |                  
|                                                    | Management compensation    | 117,000     |                | 108,000     |                   | 2,206,500     
|                                                    | General and administrative | 46,001      |                | 13,425      |                   | 63,876        
|                                                    |                            |             |                |             | 163,001           |                | 121,425 |  | 2,270,376  
|Interest expense                                    | 1,682                      |             | 541            |             | 2,560            
|                                                    | Net loss                   | $ (164,683) |                | $ (121,966) |                   | $  (2,272,936)
|Net loss per common share (basic and fully diluted) | $       (0.00)             |             | $       (0.00) |             |                  
|Weighted average number of shares outstanding       | 68,610,560                 |             | 67,484,533     |             |                  
|                                                    |                            |             |                |             |                   |                |         |  |            





See Notes to Financial Statements



4



---





NAPTAU GOLD CORPORATION(a Development Stage Company)



STATEMENTS OF STOCKHOLDERS' DEFICIT



For the Years Ended December 31, 2005 and 2004 and for the Period from

September 30, 2003 (the effective date of the development stage) through December 31, 2005



|                              |                            |   |           |   |                   |           |              |       |                       |            |                            |        |                  |           |              |           |                                |   |                     |  |                     |           |                   |  |      
|----------------------------- | -------------------------- | - | --------- | - | ----------------- | --------- | ------------ | ----- | --------------------- | ---------- | -------------------------- | ------ | ---------------- | --------- | ------------ | --------- | ------------------------------ | - | ------------------- |  | ------------------- | --------- | ----------------- |  | -----
|                              |                            |   |           |   | Preferred Stock   |           | Common Stock |       | Common Stock Issuable |            | Additional Paid-in
Capital |        |                  |           |              |           | Deficit Accumulated During the |   |                    
|                              |                            |   |           |   | Number of
 Shares |           | Amount       |       | Number of
 Shares     |            | Amount                     |        | Number of
Shares |           | Amount       |           |                                |   | Stock
Subscriptions |  | Accumulated
Deficit |           | Development Stage |  | Total
|Balance, September 30, 2003   | -                          |   | $       - |   | 6,133,500         |           | $  6,134     |       | -                     |            | $        -                 |        | $1,582,105       |           | $          - |           | $(2,544,771)                   |   | $               -   |  | $ (956,532)        
|Common stock issuable for     |                            |   |           |   |                   |           |              |       |                       |            |                            |        |                  |           |              |           |                                |   |                     |  |                    
|                              | management compensation,   |   |           |   |                   |           |              |       |                       |            |                            |        |                  |           |              |           |                                |   |                     |  |                     |          
|                              | September 2003             | - |           | - |                   | -         |              | -     |                       | 39,000,000 |                            | 39,000 |                  | 1,911,000 |              | -         |                                | - |                     |  |                     | 1,950,000
|Common stock issuable for     |                            |   |           |   |                   |           |              |       |                       |            |                            |        |                  |           |              |           |                                |   |                     |  |                    
|                              | debt and accrued expenses, |   |           |   |                   |           |              |       |                       |            |                            |        |                  |           |              |           |                                |   |                     |  |                     |          
|                              | September 2003             |   |           |   |                   |           |              |       |                       | 20,477,060 |                            | 20,477 |                  | 1,003,376 |              |           |                                |   |                     |  |                     | 1,023,853
|Net loss                      |                            |   |           |   |                   |           |              |       |                       |            |                            |        |                  |           |              |           |                                |   | (87,704)            |  | (1,986,287)         |           | (2,073,991)      
|Balance, December 31, 2003    | -                          |   | -         |   | 6,133,500         |           | 6,134        |       | 59,477,060            |            | 59,477                     |        | 4,496,481        |           | -            |           | (2,632,475)                    |   | (1,986,287)         |  | (56,670)           
|Stock subscription issued for |                            |   |           |   |                   |           |              |       |                       |            |                            |        |                  |           |              |           |                                |   |                     |  |                    
|                              | services to be provided,   |   |           |   |                   |           |              |       |                       |            |                            |        |                  |           |              |           |                                |   |                     |  |                     |          
|                              | May 2004                   |   |           |   |                   | 3,000,000 |              | 3,000 |                       |            |                            |        |                  | 717,000   |              | (720,000) |                                |   |                     |  |                     |          
|Issuance of common stock      |                            |   |           |   |                   |           |              |       |                       |            |                            |        |                  |           |              |           |                                |   |                     |  |                    
|                              | issuable                   |   |           |   |                   |           | 49,927,060   |       | 49,927                |            | (49,927,060)               |        | (49,927)         |           |              |           |                                |   |                     |  |                     |           |                  
|Net loss                      |                            |   |           |   |                   |           |              |       |                       |            |                            |        |                  |           |              |           |                                |   |                     |  | (121,966)           |           | (121,966)        
|Balance, December 31, 2004    | -                          |   | -         |   | 59,060,560        |           | 59,061       |       | 9,550,000             |            | 9,550                      |        | 5,213,481        |           | (720,000)    |           | (2,632,475)                    |   | (2,108,253)         |  | (178,636)          
|Net loss                      |                            |   |           |   |                   |           |              |       |                       |            |                            |        |                  |           |              |           |                                |   |                     |  | (164,683)           |           | (164,683)        
|Balance, December 31, 2005    | -                          |   | $      -  |   | 59,060,560        |           | $ 59,061     |       | 9,550,000             |            | $ 9,550                    |        | $5,213,481       |           | $(720,000)   |           | $(2,632,475)                   |   | $(2,272,936)        |  | $(343,319)         





See Notes to Financial Statements



5



---





NAPTAU GOLD CORPORATION(a Development Stage Company)



STATEMENTS OF CASH FLOWS



For the Years Ended December 31, 2005 and 2004 and for the Period from

September 30, 2003 (the effective date of the development stage) through December 31, 2005





|                                                   |                                               |                                            |                                       |                                           |                 |              |              |           |            
|-------------------------------------------------- | --------------------------------------------- | ------------------------------------------ | ------------------------------------- | ----------------------------------------- | --------------- | ------------ | ------------ | --------- | -----------
|                                                   |                                               |                                            |                                       |                                           |                 |              |              |           | Cumulative 
|                                                   |                                               |                                            |                                       |                                           |                 |              |              |           | During the 
|                                                   |                                               |                                            |                                       |                                           |                 |              |              |           | Development
|                                                   |                                               |                                            |                                       |                                           | 2005            |              | 2004         |           | Stage      
|Cash Flows From Operating Activities               |                                               |                                            |                                       |                                           |                
|                                                   | Net loss                                      | $ (164,683)                                |                                       | $ (121,966)                               |                 | $(2,272,936)
|                                                   | Adjustments to reconcile net loss to net cash |                                            |                                       |                                           |                
|                                                   |                                               | used in operating activities               |                                       |                                           |                 |              |             
|                                                   |                                               | Common stock issuable for management       |                                       |                                           |                 |              |             
|                                                   |                                               |                                            | compensation                          |                                           |                 |              |              | 1,950,000
|                                                   |                                               | Change in operating assets and liabilities |                                       |                                           |                 |              |             
|                                                   |                                               |                                            | Prepaid expenses                      |                                           |                 | 3,525        |              | -        
|                                                   |                                               |                                            | Accounts payable and accrued interest | 31,968                                    |                 | (4,392)      |              | 67,710   
|                                                   |                                               |                                            | Accrued management compensation       | 117,000                                   |                 | 103,000      |              | 220,000  
|                                                   |                                               |                                            |                                       | Net cash used in operating activities     | (15,715)        |              | (19,833)     |           | (35,226)   
|Cash Flows From Financing Activities               |                                               |                                            |                                       |                                           |                
|                                                   | Proceeds from contracts payable               |                                            |                                       |                                           |                 | 12,361      
|                                                   | Proceeds (payments) on loans payable          |                                            |                                       | 3,000                                     |                 | (59,821)    
|                                                   | Proceeds from loans payable, related parties  | 6,524                                      |                                       | 26,041                                    |                 | 82,732      
|                                                   |                                               |                                            |                                       | Net cash provided by financing activities | 6,524           |              | 29,041       |           | 35,272     
|Net change in cash                                 | (9,191)                                       |                                            | 9,208                                 |                                           | 46             
|Cash, beginning of period                          | 9,240                                         |                                            | 32                                    |                                           | 3              
|Cash, end of period                                | $           49                                |                                            | $      9,240                          |                                           | $            49
|Supplementary Information - Non-cash Transactions: |                                               |                                            |                                       |                                          
|                                                   | Common stock issuable for debt and accrued    |                                            |                                       |                                           |                
|                                                   |                                               | expenses                                   |                                       |                                           | $           -   |              | $ 1,023,853 
|                                                   | Stock subscription issued for services to be  |                                            |                                       |                                           |                
|                                                   |                                               | provided                                   |                                       |                                           | $  720,000      |              | $    720,000
|                                                   |                                               |                                            |                                       |                                           |                 |              |              |           |            









See Notes to Financial Statements



6



---





NOTES TO FINANCIAL STATEMENTS



Note 1.  Summary of Significant Accounting Policies



Business Operations



Naptau Gold Corporation (the "Company") was formed under the laws of the State of Delaware on January 8, 1988, and was inactive until 1995 when it entered into an agreement to acquire certain mineral properties.  The operation of the mineral properties was unsuccessful and, as of December 31, 1999, the Company entered into a rescission and release agreement whereby all assets previously acquired, including staked placer leases and related production equipment located on the properties, were conveyed back in consideration for the release from all related debts and obligations.  At present the Company holds no interest in any mineral properties.



The Company's principal business activity was the exploration and development of mineral properties until the reorganization discussed below.  Effective as of September 30, 2003, the Company discontinued its current operations and re-entered the development stage to examine new opportunities in the acquisition and development of projects related to the base metal sectors of the mining industry and pursue potential opportunities in the hospitality, real estate, and hotel sectors.  Accordingly, these financial statements have been prepared treating the Company as a development stage company, effective as of September 30, 2003.



To date, the management has provided the cash funding required to meet current operating costs.



The Company's offices are currently provided on a rent-free basis by the Chief Financial Officer of the Company.  Due to limited Company operations, any facilities expenses are not material and have not been recognized in these financial statements.



Going Concern



The Company has incurred significant losses from operations in each of the last two years and has an accumulated deficit at December 31, 2005.  The Company's ability to continue as a going concern is in substantial doubt and is dependent upon obtaining additional financing and/or achieving a sustainable profitable level of operations.  The financial statements do not include any adjustments that might result from the outcome of this uncertainty.



Management of the Company has undertaken steps as part of a plan with the goal of sustaining Company operations for the next twelve months and beyond.  These steps include:  (a) attempting to raise additional capital and/or other forms of financing, (b) controlling overhead and expenses, and (c) considering other business alternatives.  There can be no assurance that any of these efforts will be successful.



- 7 -



---





Use of Estimates



The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make certain estimates and assumptions that directly affect the results of reported assets and liabilities and disclosure of contingent assets and liabilities as of the balance sheet date, and the reported amounts of revenues and expenses for the periods presented.  Actual results could differ from these estimates.



Cash



Cash consists of checking and savings accounts held at financial institutions.  The Company did not pay cash for any interest or income taxes during 2005 or 2004.



Loans Payable, Related Parties



These loans consist of amounts due to directors and officers of the Company.  The loans have no stated interest rate and are due on demand.



Accrued Interest



There was a contract payable that bore interest at 15% which was retired by recognizing issuable shares in 2003.  Related accrued interest remains unpaid at December 31, 2005.



Earnings Per Share



Basic loss per share is computed by dividing the net loss available to common stockholders by the weighted average number of common shares outstanding in the period.  Diluted earnings per share takes into consideration common shares outstanding (computed under basic earnings per share) and potentially dilutive common shares.  There were no potentially dilutive securities held as of December 31, 2005 or 2004.  Common stock issuable is considered outstanding as of the original approval date for purposes of earnings per share computations.



Fair Value of Financial Instruments



Financial instruments consist of cash, accounts payable, accrued management compensation, accrued interest, and loans payable, related parties.  The fair value of these financial instruments approximates the carrying amounts due to the short-term nature.



Comprehensive Loss



Statements of Financial Accounting Standards ("SFAS") No. 130 "Reporting Comprehensive Income," establishes standards for reporting comprehensive income (loss) and its components in financial statements.  Comprehensive loss, as defined, includes all changes in equity during a period from non-owner sources.  To date, the Company has not had any significant transactions that are required to be reported in other comprehensive loss.



- 8 -



---





Stock-Based Compensation



The Company accounts for stock-based compensation under the recognition and measurement principles of APB Opinion No. 25, "Accounting for Stock Issued to Employees," and related interpretations.  To the extent options are granted and those options have an exercise price equal to or greater than the market value of the underlying common stock on the date of grant, no stock-based employee compensation cost will be recorded.  Compensation cost for stock options granted to non-employees is measured using the Black-Scholes valuation model at the date of grant multiplied by the number of options granted.  Since the Company did not issue stock options to employees in 2005 or 2004, there is no effect on net loss or earnings per share had the Company applied the fair value recognition provisions of Statement of Financial Accounting Standards No. 123, "Accounting for Stock-Based Compensation," to stock-based employee compensation.  When the Company issues shares to employees and others, the shares are valued based on the market price at the date the shares are approved for issuance.



Income Taxes



The Company accounts for income taxes in accordance with the liability method.  Under the liability method, deferred assets and liabilities are recognized based upon anticipated future tax consequences attributable to differences between financial statement carrying amounts of assets and liabilities and their respective tax basis.  The Company establishes a valuation allowance to the extent that it is more likely than not that deferred tax assets will not be recoverable against future taxable income.



New Accounting Standards



SFAS No. 151, "Inventory Costs," is effective for fiscal years beginning after June 15, 2005.  This statement amends the guidance in ARB No. 43, Chapter 4, Inventory Pricing, to clarify the accounting for abnormal amounts of idle facility expense, freight, handling costs, and wasted material (spoilage).  The adoption of SFAS 151 is expected to have no impact on the Company's financial statements.



SFAS No. 152, "Accounting for Real Estate Time-Sharing Transactions," is effective for fiscal years beginning after June 15, 2005.  This statement amends SFAS No. 66, "Accounting for Sales of Real Estate," to reference the financial accounting and reporting guidance for real estate time-sharing transactions that is provided in American Institute of Certified Public Accountants Statement of Position 04-2, "Accounting for Real Estate Time-Sharing Transactions."  The adoption of SFAS No. 152 is expected to have no impact on the Company's financial statements.



SFAS No. 123(R), "Share-Based Payment," replaces SFAS No. 123, "Accounting for Stock-Based Compensation," and supersedes APB Opinion No. 25, "Accounting for Stock Issued to Employees."  This statement requires that the compensation cost relating to share-based payment transactions be recognized in the financial statements.  The Company is required to apply this statement in the first interim period that begins after December 15, 2005.  The adoption of SFAS No. 123(R) is expected to have no impact on the Company's financial statements.



- 9 -



---







SFAS No. 153, "Exchanges of Nonmonetary Assets"  an amendment of APB Opinion No. 29, is effective for fiscal years beginning after June 15, 2005.  This statement addresses the measurement of exchange of nonmonetary assets and eliminates the exception from fair-value measurement for nonmonetary exchanges of similar productive assets in paragraph 21(b) of APB Opinion No. 29, "Accounting for Nonmonetary Transactions," and replaces it with an exception for exchanges that do not have commercial substance.  The adoption of SFAS No. 153 is expected to have no impact on the Company's financial statements.



FIN No. 46(R) revised FIN No. 46, "Consolidation of Variable Interest Entities," requiring the consolidation by a business of variable interest entities in which it is the primary beneficiary.  The adoption of FIN No. 46(R) did not have an impact on the Company's financial statements.



The Emerging Issues Task Force ("EITF") reached consensus on Issue No. 03-1, "The Meaning of Other-Than-Temporary Impairment and Its Application to Certain Investments" ("EITF 03-1"), which provides guidance on determining when an investment is considered impaired, whether that impairment is other than temporary and the measurement of an impairment loss.  The FASB issued FSP EITF 03-1-1, "Effective Date of Paragraphs 10-20 of EITF Issue No. 03-1, 'The Meaning of Other-Than-Temporary Impairment and Its Applications to Certain Investments,'" which delays the effective date for the measurement and recognition criteria contained in EITF 03-1 until final application guidance is issued.  The Company does not expect the adoption of this consensus or FSP to have a material impact on its financial statements.



The EITF reached a consensus on Issue No. 04-8, "The Effect of Contingently Convertible Debt on Diluted Earnings Per Share" ("EITF 04-8"), which addresses when the dilutive effect of contingently convertible debt instruments should be included in diluted earnings (loss) per share.  EITF 04-8 is effective for reporting periods ending after December 15, 2004.  The adoption of EITF 04-8 did not have an impact on diluted earnings (loss) per share.





Note 2.  Stock Option Plan and Stock Grant Program



The Company has no stock options or grant programs in place.





Note 3.  Income Taxes



The difference between the statutory federal tax rate and the tax provision of zero recorded by the Company is primarily due to the Company's full valuation allowance against its deferred tax assets.  As of December 31, 2005, the Company did not have any income for tax purposes and, therefore, no tax liability or expense has been recorded in these financial statements.





- 10 -



---





The Company has tax losses of approximately $5,065,000 available to reduce future taxable income.  The tax losses expire in years between 2016 and 2026.



The deferred tax asset associated with the tax loss carryforward is approximately $1,722,000.  The Company has provided a full valuation allowance against the deferred tax asset.  The valuation allowance increased by $112,000 and $40,000 for 2005 and 2004, respectively.



The Company's ability to utilize net operating loss carryforwards is limited pursuant to the Tax Reform Act of 1986, due to cumulative changes in stock ownership in excess of 50% such that some net operating losses may never be utilized.



- 11 -



---





ITEM 8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

On January 24, 2005 the Company retained Peterson Sullivan PLLC, Certified Public Accountants (Peterson) of Seattle, WA.

During the Company's two most recent fiscal years there were no disagreements between Peterson and the Company on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreement, if not resolved to the satisfaction of Peterson would have caused Peterson to make reference to the subject in its report.  In addition,during the Company's two most recent fiscal years no reportable events, as defined in Item 304(a)(1)(iv)(A), (B) (D) or (E) of Regulation S-B occurred.

ITEM 8A.  CONTROLS AND PROCEDURES

Our Chief Executive Officer and Chief Financial Officer (the Certifying Officers) are responsible for establishing and maintaining our disclosure controls and procedures.  The Certifying Officers have designed established disclosure controls and other procedures that are designed  to ensure that material information required to be disclosed by the issuer in the reports that it files or submits under the Act (15 U.S.C. 78a et seq) is recorded, processed, summarized and reported, within the time periods specified in the Commissions rules and forms.  Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Act is accumulated and communicated to the issuers management, including its principal executive and principal financial officers, as appropriate to allow timely discussions regarding required disclosure is made known to them, particularly during the period in which this report was prepared.

The Certifying Officers have evaluated the effectiveness of our disclosure controls and procedures as of the end of the period covered by this report and believe that our disclosure controls and procedures are effective based on the required evaluation.  During the period covered by this report, there were no changes in internal controls that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.





PART III

ITEM 9. DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS; COMPLIANCE WITH SECTION 16(A) OF THE EXCHANGE ACT

|                 |                                                        
|---------------- | -------------------------------------------------------
|NAME             | POSITIONS HELD WITH THE CORPORATION                    
|Dr. J. Greig     | Director, & Chief Executive Officer                    
|Loren Miller     | President                                              
|Edward D. Renyk  | Director, Secretary/Treasurer & Chief Financial Officer
|Ludwig Stromeyer | Director, Vice President Marketing                     
|Larry Fix        | Director                                               

Dr. J. Greig. Dr. Greig assumed the position as President October 1, 2003 and was subsequently appointed Chief Executive Officer of the Company.  He has an extensive history in developing and operating his own businesses, has been a featured speaker on CNBC, CNN, Moneyline and MSNBC as well as a regular guest on various financial radio programs. He has lectured extensively at financial workshops, seminars and trade shows as well as being quoted in the Wall Street Journal, Barons and Investors Business Daily and published in Forbes, Fortune and many trade magazines.  His Curriculum, Curriculum Vita and Vitae can be viewed in more detail in Exhibit 2.1 previously filed.



- 8 -



---





Loren Miller.  Mr. Miller holds a Bachelor of Science degree in Nuclear Engineering and through his own company, WinMill Development, Inc., has demonstrated his management skills through participation in the development and construction of Las Vegas commercial real estate projects totalling in excess of $50,000,000.

E. D. Renyk. Mr. Renyk served as the President, Chief Financial Officer and a Director of the Company from June 8, 1995 to October 31, 2003 and continues to serve as Secretary/Treasurer. Mr. Renyk is a member of the Canadian and British Columbia Institutes of Chartered Accountants. He has been a Chartered Accountant since 1962, managing and directing his own practice for most of that period, specializing in consulting to both private and publicly traded corporate firms. Prior to establishing his own practice and subsequent to obtaining his designation as a Chartered Accountant he held positions ranging from Controller to Vice President of Finance with various corporations.

Ludwig Stromeyer.  Mr. Stromeyer brings many years of experience in marketing, real estate development and related financing and gives the Company the knowledge of and exposure to the overseas business community.

John Lawrence Fix. Mr. Fix served as Secretary to the Company from May 18th, 2000 to September 30, 2003.  Mr. Fix has a rounded educational background and hands on business experience in the following industries: farming, sawmill operations, oilfield construction and road building, oil field servicing, motel management, mining including related experience in promoting, staking, overburden removal and has filled the positions of Chief Flying Instructor, Charter Pilot, Certified Aircraft Engineer, aircraft accident and insurance adjusting and investigation, international brokerage of goods as well as founding and/or operation his own businesses such as Shirley Air Services Limited, Lower Mainland Security World which included the computerization of homes utilizing the Smart House technology.  He also has extensive holdings in property with the related experience of managing multi-unit rental properties.  He believes all fields of endeavor are money making opportunities if you keep your eye on the ball but that the trip is not complete until the profit is in the Bank.  Mr. Fix brings to the Board of the Company his analytical abilities and the drive and determination to bring a project to a successful conclusion.

ITEM 10. EXECUTIVE COMPENSATION

The following table sets forth the compensation for the fiscal years ended December 31, 2001 thru 2005 ("fiscal years") payable/paid to Mr. Greig, the Companys CEO, Mr. Miller, the Companys President, Mr. Renyk, the Company's Secretary.  No other officer received any compensation from the Company in these fiscal years.

SUMMARY COMPENSATION TABLE

|                 |                          |                                         |                               |                       
|---------------- | ------------------------ | --------------------------------------- | ----------------------------- | ----------------------
|                 |                          |                                         | Long-Term Compensation Awards |                       
|Name             | Year                     | Salary                                  | Restricted Stock (4 & 5)      | All Other Compensation
|J. Greig (2)     | 2003
2004
2005           | $9,000
$60,000
$60,000                  | $1,950,000*
--*               | --                    
|Loren Miller     | 2004
2005                | $2,000
$12,000                          | --                            | --                    
|Edward Renyk (1) | 2001
2002
2003
2004
2005 | $90,000
$90,000
$90,000
$45,000
$45,000 | --
--
$75.00
--               | --
--
--              
|Larry Fix        | 2002                     | --                                      | $50.00                        | --                    

1.

On June 30, 1995, the Company entered into a five-year employment agreement with the then



- 9 -



---





President of the Company that provided for a salary of $7,500 per month beginning July 1, 1995.  The agreement expired as of June 30, 2000 and it was agreed that Mr. Renyk continue with the Company in the same capacity and under the same terms except on a month-to-month basis until a new contract was negotiated.  On October 1, 2003 Mr. Renyk resigned as President and assumed the duties of Secretary.  It was agreed that his salary would remain the same until the conclusion and implementation of the re-organization plan at which time a new contract was to be negotiated.  Due to the delay in the conclusion of the re-organization plan Mr. Renyk agreed that effective January 1, 2004 that his salary be reduced to $3,750.00 per month.  All other terms to remain in effect until a new contract is negotiated.

2.

On October 1, 2003 the Company appointed a new President, Dr. Greig, and effective November 1, 2003 the Company entered into a five-year employment agreement with the new President that provides for a salary of $5,000 per month beginning November 1, 2003.  Effective November 1, 2004 Dr. Greig resigned as President.  He continues as CEO and Chairman of the Board.  All other terms of his contract remain unchanged.

* As a result of the restatement of the 2003 Financial Statements to reflect the conclusion of the Company's reorgaization plan.  Formerly entered at par value.

3.

Effective November 1, 2004 the Company appointed Loren Miller as President and concluded a two year contract which provides for a salary of $1,000.00 per month with a provision for receiving a stock bonus annually based upon the increase in the asset value of the Company as reported in its annual 10-KSB filings.

4.

Stock Options

In 2000 the Company granted 300,000 stock options under the Plan.  These options expired, unexercised in 2002.

5.

Stock Grants

On April 5, 2002 the Company issued from treasury 200,000 common shares under the Stock Grant Program established June 30, 1995.  The cost of the issue was recorded at the common stocks par value of $0.001 per share and reported in the General and Administrative expenses shown on the Statements of Operations.  The average trading sale price of the stock over the preceding 60 days prior to their issue was $0.03 per common share.

Stock Option Plan and Stock Grant Program

In June 1995 the Company adopted a non-qualified stock option plan and a stock grant program with the following provisions:

Stock Option Plan(1)

The Company has reserved 300,000 shares of its authorized Common Stock for issuance to key employees and consultants of the Company and affiliates.  Under this plan, no employee may receive more than 100,000 stock options.  Options are non-transferable and expire if not exercised within two years from the date of issue.

The options are issuable to officers, key employees and consultants in such amounts and prices as determined by the Board of Directors.

On May 18, 2000, under the Stock Option Plan established June 30, 1995, the Company issued 300,000 Stock Options which entitle the Optionee to purchase one fully paid common share of the Company at the price of $0.05 per common share for a period of two years from the date of granting.

On May 18, 2000 the Companys shares traded on the OTC Bulletin Board at $0.055 on a volume of 43,500 shares.  These options were not exercised and expired in 2002.

Stock Grant Program (1)

Under the Stock Grant Program (1) established June 30, 1995, the Company has reserved 300,000 shares of its authorized Common Stock for issuance to key employees and directors. Under this plan, no employee may receive more than 100,000 shares. The program requires the employee to remain in



- 10 -



---





the employ of the Company for at least one year following the grant and to agree not to engage in any activity that would be considered in competition with the Company's business.  If the employee violates any one of these conditions the ownership of the shares issued under the program shall revert back to the Company. The shares issued under the program are non-transferable, except for transfers back to the Issuer, for a period of one year from the date of issue. As of December 31, 1996, a total of 100,000 shares had been granted to five directors pursuant to this plan.

On May 18th, 2000, the Company authorized and on April 5, 2002 issued common stock as follows:

Larry Fix

50,000 common shares at par value of $0.001 per share

Lloyd Mear

75,000 common shares at par value of $0.001 per share

Edward Renyk

75,000 common shares at par value of $0.001 per share

(1)

Incorporated by reference to the Companys Form 10-SB 12G, Commission File No.     0-25786.

Board Compensation

The Board, from time to time, is authorized to establish compensation for the Directors, but none has been set at this date. All of the directors are reimbursed for their expenses incurred in connection with their attendance at Board of Directors meetings.

Board of Directors Committees

The board of directors has not yet established an audit committee or a compensation committee. An audit committee typically reviews, acts on and reports to the board of directors with respect to various auditing and accounting matters, including the recommendations and performance of independent auditors, the scope of the annual audits, fees to be paid to the independent auditors, and internal accounting and financial control policies and procedures. Certain stock exchanges currently require companies to adopt a formal written charter that establishes an audit committee that specifies the scope of an audit committees responsibilities and the means by which it carries out those responsibilities. In order to be listed on any of these exchanges, the Company will be required to establish an audit committee.

ITEM 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

The following table sets forth certain information regarding the beneficial ownership of the Company's Common Stock as of Maech 28, 2005, by its executive officers and directors, both individually and as a group, and by each person known by the Company to own more than 5% of the outstanding Common Stock.

|                                                                                                               |                            |                               
|-------------------------------------------------------------------------------------------------------------- | -------------------------- | ------------------------------
|Name                                                                                                           | Number of
Shares owned (1) | Percentage of
Shares Owned (2)
|                                                                                                               |                            |                               
|Dr. J. Greig
103 E. Holly Street, Suite 303, Bellingham, WA 98226                                              | 39,000,000                 | 66.03%                        
|                                                                                                               |                            |                               
|Edward D. Renyk
5391 Blundell Rd., Richmond, BC, Canada  V7C 1H3
Director, Secretary & Chief Financial Officer | 6,000,160                  | 10.16%                        
|                                                                                                               |                            |                               
|Fidellity National Title Inc.
2390 E Cambleback Rd, Suite 203, Phoenix, AZ 85016                               | 3,000,000                  | 5.08%                         
|                                                                                                               |                            |                               
|Larry Fix
11700 King Road, Richmond, BC, Canada  V7A 3B6
Director                                              | 50,000                     | --                            



- 11 -



---







|                                              |            |       
|--------------------------------------------- | ---------- | ------
|Officers and Directors
as a Group (3 persons) | 45,050,160 | 76.28%

--

Less than 1%

(1)

Unless otherwise indicated all shares are held of record by the beneficial holders named above.

(2)

Based upon 59,060,160 shares of Common Stock outstanding on December 31, 2005.

ITEM 12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

Accrued management compensation

271,500

Is composed of compensation due to the Companys officers who have deferred payment until the Company creates a cash flow sufficient to cover its operating costs.



Loans payable, related parties

35,113

This represents disbursements made on behalf of the Company by the officers of the Company.

ITEM 13. EXHIBITS AND REPORTS ON FORM 8-K

The following are filed as part of this Report:

(a)

Exhibits

2.1

Presentation to the Stock Holders (3)

2.2

Amended Presentation to the Stock Holders (4)

2.3

Form S-8 Registration Statement under the Securities Act of 1933 (5)

3.1

Certificate of Incorporation of the Registrant (1)

3.2

Certificate of Amendment dated June 23, 1989 to Certificate of Incorporation (1)

3.3

Certificate of Amendment dated June 1, 1995 to Certificate of Incorporation (1)

3.4

Certificate for Renewal and Revival of Charter dated June 1, 1995 (1)

3.5

By-laws of the Registrant (1)

4.1

Form of Common Stock Certificate (1)

10.1

Agreement to Exchange Assets for Stock (1)

10.2

Operating Agreement (1)

10.3

Extension Agreement between the Registrant and Noble dated September 1, 1995 (1)

10.4

Second Extension Agreement between the Registrant and Noble dated April 30, 1996 (1)

10.5

Satisfaction of Debt with Stock-Noble Metal Group Incorporated (1)

10.6

Modification and Extension Agreement between Registrant and Noble dated July 1996 canceling $1,000,000 obligation and further extending date for payment of $954,500 in consideration for agreement to deliver 3,421 ounces of gold (1)

10.7

Agreement of Business Combination by Exchange of Assets for Stock Regarding Place Lease #1160 between the Registrant and Dorothy Dennis (1)

10.8

Extension Agreement between the Registrant and Dorothy Dennis dated April 30, 1996 (1)

10.9

Satisfaction of Debt with Stock - Dorothy Dennis (1)

10.10

Satisfaction of Debt with Stock - E.D. Renyk (1)

10.11

Satisfaction of Debt with Stock - J.J. McIntyre (1)

10.12

Stock Option Program (1)

10.13

Stock Grant Program (1)

10.14

Employment Agreement of Edward D. Renyk (1)

10.15

Second Extension Agreement between Registrant and Dorothy Dennis dated October 1996 (1)

10.16

Modification and Extension Agreement between the Registrant and Noble Metal Group Incorporated dated March 9, 1999 (2)

10.17

Extension Agreement between the Company and Dorothy Dennis dated March 30, 1999 (2)

10.18.1

Letter of Intent between the Company and Cyber Centers.com, Inc. dated July 6, 1999 (2)



- 12 -



---





10.18.2

Addendum dated July 28, 1999 to Letter of Intent (2)

10.19

Recission and Release Agreement between the Company and Noble Metal Group Incorporated effective December 31, 1999 (2)

10.20

Release Agreement between the Company and Dorothy Dennis dated the 17th day of February, 2000 (2)

10.21

Employment Agreement of Loren Miller (6)

16.1

Letter of former Accountant (2)

24.1

Consent of W.G.T. Consultants Ltd. (1)

31.1

Certification of the Chief Executive Officer pursuant to Rule 13a-14 of the Securities and Exchange Act of 1934 as amended, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2 (Attached)

31.2

Certification of the Chief Financial Officer pursuant to Rule 13a-14 of the Securities and Exchange Act of 1934 as amended, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2 (Attached)

32

Certification of the Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 20 (Attached)

------------

(1)

Incorporated by reference to the Company's Form 10-SB12G, Accession Number: 000100547-97-002295 filed September 29, 1997.

(2)

Incorporated by reference to the Company's Form 10-KSB, Accession Number: 000100547-002687 filed March 30, 2000.

(3)

Incorporated by reference to the Company's Form 10-QSB, Accession Number: 0001169232-03-005124 filed August 13, 2003.

- 11 -

(4)

Incorporated by reference to the Company's Form 10-QSB, Accession Number:0001137171-03-000573 filed November 10, 2003.

(5)

Incorporated by reference to the Company's Form S-8, Accession Number 0001137171-04-000481 filed April 20, 2004

(6)

Incorporated by reference to the Company's Form 10-QSB, Quarter ended September 30, 2004 Accession Number: 0001137171-04-001462 filed November 15, 2004.



(b)

Reports on Form 8-K.

The Company filed no reports on Form 8-K during the last quarter of the period covered by this Form 10-KSB.

ITEM 14.   PRINCIPAL ACCOUNTANT FEES AND SERVICES

(1)

Audit Fees

The aggregate fees  billed  by  Petterson Sullivan P.L.L.C. for professional  services  for  the  audit  of  the  Company's  annual  financial statements included in the Company's Form 10-KSB were  $18,130  (2004  -  $1,972).



(2)

Audit-Related Fees

The aggregate fees billed to the Company for assurance and related services that are reasonably related to the performance of the audit or review of the Companys financial statements and are not reported under audit fees by Peterson Sullivan PLLC, Certified Public Accountants for 2005 were $12,300 (2004- $0).



(3)

Tax fees

The aggregate fees billed to the Company for tax compliance, tax advice and tax planning by Peterson Sullivan PLLC, Certified Public Accountants for 2005 were $ 0 (2004 -  $0).





- 13 -



---





(4)

All Other Fees

The aggregate fees billed to the Company for products and services by Peterson Sullivan PLLC, Certified Public Accountants for 2005 were $30,430 (2004- $0).



(7)

Audit Committees Pre-approved Policies and Procedures

The Board of Directors has not yet constituted an audit committee.



- 14 -



---





SIGNATURES



Pursuant to the requirements of Section 13 and 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.



Dated: July 17, 2006



NAPTAU GOLD CORPORATION

(Registrant)



By: /s/ Edward D. Renyk

-----------------------

Edward D. Renyk, Secretary



Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.



Signature

Title

Date

------------

------

------



/s/ J. Greig

Director and

July 17, 2006

---------------------------

Chief Executive Officer

J. Greig



/s/ Edward D. Renyk

Secretary, Director and

July 17, 2006

---------------------------

Principal Accounting Officer

Edward Renyk



/s/ Larry Fix

Director

July 17, 2006

--------------------------

Larry Fix



- 15 -



---







Exhibit 31.1



CERTIFICATION OF CHIEF EXECUTIVE OFFICER

PURSUANT TO THE SECURITIES EXCHANGE ACT OF 1934,

RULES 13a-14 AND 15d-14

AS ADOPTED PURSUANT TO

SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002



In connection with the Annual Report of  Naptau Gold Corporation. (the Company) on Form 10-KSB for the period ending December 31, 2005 as filed with the Securities and Exchange Commission on the date hereof (the Report), I, Dr. J. Greig, Chief Executive Officer and President of the Company, certify, pursuant to Rules 13a-14 and 15-d14 of the Securities Exchange Act of 1934 (the Exchange Act), as adopted pursuant to §302 of the Sarbanes-Oxley Act of 2002, that:



1.

I have reviewed this Report;



2.

Based on my knowledge, this Report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this Report;



3.

Based on my knowledge, the financial statements, and other financial information included in this Report, fairly present in all material respects the financial condition, results of operations and cash flows of the Company, as of, and for, the periods presented in this Report;



4.

I and the other certifying officers of the Company are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the Company and have:



(a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Company, including any consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this Report is being prepared;









---





(b)

Evaluated the effectiveness of the Company's disclosure controls and procedures and presented in this Report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this Report based on such evaluation; and



(c)

Disclosed in this Report any change in the Companys internal control over financial reporting that occurred during the Companys most recent fiscal quarter (the Companys fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the Companys internal control over financial reporting; and



5.

I and the other certifying officers have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Companys auditors and to the audit committee of the Companys board of directors (or persons performing the equivalent functions):



(a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Company's ability to record, process, summarize and report financial information; and



(b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the Company's internal control over financial reporting.



/s/ J. Greig



Dr. J. Greig,

Chief Executive Officer

July 17, 2006







---





Exhibit 31.2



CERTIFICATION OF CHIEF FINANCIAL OFFICER

PURSUANT TO THE SECURITIES EXCHANGE ACT OF 1934,

RULES 13a-14 AND 15d-14

AS ADOPTED PURSUANT TO

SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002



In connection with the Annual Report of Naptau Gold Corporation. (the Company) on Form 10-KSB for the period ending December 31, 2005 as filed with the Securities and Exchange Commission on the date hereof (the Report), I, Edward Renyk, Chief Financial Officer of the Company, certify, pursuant to Rules 13a-14 and 15-d14 of the Securities Exchange Act of 1934 (the Exchange Act), as adopted pursuant to §302 of the Sarbanes-Oxley Act of 2002, that:



1.

I have reviewed this Report;



2.

Based on my knowledge, this Report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this Report;



3.

Based on my knowledge, the financial statements, and other financial information included in this Report, fairly present in all material respects the financial condition, results of operations and cash flows of the Company, as of, and for, the periods presented in this Report;



4.

I and the other certifying officers of the Company are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the Company and have:



(a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Company, including any consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this Report is being prepared;



(b)

Evaluated the effectiveness of the Company's disclosure controls and







---





procedures and presented in this Report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this Report based on such evaluation; and



(c)

Disclosed in this Report any change in the Companys internal control over financial reporting that occurred during the Companys most recent fiscal quarter (the Companys fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the Companys internal control over financial reporting; and



5.

I and the other certifying officers have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Companys auditors and to the audit committee of the Companys board of directors (or persons performing the equivalent functions):



(a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Company's ability to record, process, summarize and report financial information; and



(b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the Company's internal control over financial reporting.



/s/ E.  D. Renyk



Edward Renyk

Chief Financial Officer

July 17, 2006







---





Exhibit 32

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002



In connection with the Annual Report of Naptau Gold Corporation. (the Company) on Form 10-KSB for the period ending December 31, 2004 as filed with the Securities and Exchange Commission on the date hereof (the Report), we, Dr. J. Greig, Chief Executive Officer of the Company, and Edward Renyk, Chief Financial Officer of the Company, respectively certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of the Sarbanes-Oxley Act of 2002, that:



1.

The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and



2.

The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.



/s/ J. Greig

/s/ E. D. Renyk



Dr. J. Greig

Edward Renyk

Chief Executive Officer

Chief Financial Officer

July 17, 2006

July 17, 2006