**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
                1934For
                the quarterly period endedJune
                30, 2006[
                ]
            Transition
                Report pursuant to 13 or 15(d) of the Securities Exchange Act of
                1934For
                the transition period __________to__________Commission
                File Number:333-134715





Farrier
      Resources Corp.


(Exact
      name of small business issuer as specified in its charter)





Nevada
            98-0462664(State
                or other jurisdiction of incorporation or
                organization)
            (IRS
              Employer Identification No.)




305-3495
                Cambie Street Vancouver, BC V5Z 3W6(Address
                of principal executive offices)





(778)
                235-6562(Issuer’s
                telephone number)_______________________________________________________________(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 [ ] Yes
      [X] No





Indicate
      by check mark whether the registrant is a shell company (as defined in Rule
      12b-2 of the Exchange Act). [X] Yes [ ] No





State
      the
      number of shares outstanding of each of the issuer’s classes of common stock, as
      of the latest practicable date: 7,118,000 common shares as of June 30,
      2006





Transitional
      Small Business Disclosure Format (check one): Yes [ ] No [X]




1
 Table
          of Contents





TABLE
                OF CONTENTS
            PagePART
                I - FINANCIAL INFORMATIONItem
                1.
            Financial
                Statements
            3Item
                2.
            Plan
                of Operation
            4Item
                3.
            Controls
                and Procedures
            9PART
                II - OTHER INFORMATIONItem
                1.
            Legal
                Proceedings
            11Item
                2.
            Unregistered
                Sales of Equity Securities and Use of
                Proceeds
            11Item
                3.
            Defaults
                Upon Senior Securities
            11Item
                4.
            Submission
                of Matters to a Vote of Security
                Holders
            11Item
                5.
            Other
                Information
            11Item
                6.
            Exhibits
            11


2
 Table
          of Contents


**PART
      I - FINANCIAL INFORMATION**





**Item
      1.****Financial
      Statements**





Our
                unaudited financial statements included in this Form 10-QSB are as
                follows:F-1
            Unaudited
                Consolidated Balance Sheet as of June 30,
                2006F-2
            Unaudited
                ConsolidatedStatements
                of Operations for the three months ended June 30, 2006 and for the
                period
                July 19, 2005 (Date of Inception) to June 30, 2006F-3
            Unaudited
                Consolidated Statement of Cash Flows for the three
                months ended June 30, 2006 and for the period July 19, 2005 (Date
                of
                Inception) to June 30, 2006F-4
            Notes
                to Unaudited Consolidated Financial
                Statements








These
      unaudited consolidated financial statements have been prepared in accordance
      with accounting principles generally accepted in the United States of America
      for interim financial information and the SEC instructions to Form 10-QSB.
      In
      the opinion of management, all adjustments considered necessary for a fair
      presentation have been included. Operating results for the interim period ended
      June 30, 2006 are not necessarily indicative of the results that can be expected
      for the full year.




3
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              of Contents
  FARRIER
        RESOURCES CORP.


(An
        Exploration Stage Company)
 
 INTERIM
        CONSOLIDATED FINANCIAL STATEMENTS
 
 June
        30,
        2006
 
 (Stated
        in US Dollars)
 
 ( Unaudited )




Table
          of Contents


**FARRIER
        RESOURCES CORP**
 (An
        Exploration Stage Company)
 INTERIM
        CONSOLIDATED BALANCE SHEETS
 June
        30,
        2006 and March 31, 2006
 (Stated
        in US Dollars)
 ( Unaudited )
  June
                  30,
                  2006
              
              March
                  31,
                  2006**ASSETS**CurrentCash
              $
              74,498
              
              $
              104,222Advance
                  on exploration cots
              
              10,717
              
              
              -$
              85,215
              
              $
              104,222**LIABILITIES**CurrentAccounts
                  payable and accrued liabilities
              $
              10,733
              
              $
              6,306Due
                  to related party
              
              -
              
              
              2,14210,733
              
              
              8,448**STOCKHOLDERS’
                  EQUITY**Preferred
                  stock, $0.001 par value10,000,000
                  shares authorized, none outstandingCommon
                  stock, $0.001 par value90,000,000
                  shares authorized7,118,000
                  shares outstanding (March 31, 2006 - 7,109,000)
              
              7,118
              
              
              7,109Additional
                  paid-in capital
              
              95,412
              
              
              93,291Accumulated
                  other comprehensive loss
              
              (33)
              
              
              -Deficit
                  accumulated during the exploration stage
              
              (28,015)
              
              
              (4,626)74,482
              
              
              95,774$
              85,215
              
              $
              104,222
   SEE
        ACCOMPANYING NOTES


F-1
 Table
          of Contents
 **FARRIER
          RESOURCES CORP.**
 (An
          Exploration Stage Company)
 INTERIM
          CONSOLIDATED STATEMENTS OF OPERATIONS
 for
          the
          three months ended June 30, 2006 and
 for
          the
          period July 19, 2005 (Date of Inception) to June 30, 2006
 (Stated
          in US Dollars)
 ( Unaudited )
  Three
                            Months
                          Ended
                          June
                            30,
                          2006
                  
                  July
                              19, 2005
                            (Date
                              of
                            Inception)
                              to
                            June
                              30,
                            2006ExpensesAccounting
                      and audit fees
                  $
                  7,904
                  
                  $
                  12,988Bank
                      charges and interest
                  
                  121
                  
                  
                  208Foreign
                      exchange gain
                  
                  (55)
                  
                  
                  (3,561)Legal
                      fees
                  
                  7,992
                  
                  
                  10,485Office
                      expenses
                  
                  -
                  
                  
                  48Management
                      fees
                  
                  3,250
                  
                  
                  3,250Mineral
                      property option payments - Note 4
                  
                  2,274
                  
                  
                  2,274Mineral
                      property exploration payments - Note 4
                  
                  1,408
                  
                  
                  1,408Transfer
                      and filing fees
                  
                  495
                  
                  
                  915Net
                      loss for the period
                  
                  (23,389)
                  
                  
                  (28,015)Other:Foreign
                      currency translation adjustment
                  
                  (33)
                  
                  
                  (33)Comprehensive
                      loss
                  $
                  (23,422)
                  
                  $
                  (28,048)Basic
                      loss per share
                  $
                  (0.00)Weighted
                      average number of shares outstanding
                  
                  7,117,308
 SEE
          ACCOMPANYING NOTES
 F-2
 Table
              of Contents
 **FARRIER
              RESOURCES CORP.**
 (An
              Exploration Stage Company)
 INTERIM
              CONSOLIDATED STATEMENT OF CASH FLOWS
 for
              the
              three months ended June 30, 2006 and
 for
              the
              period July 19, 2005 (Date of Inception) to June 30, 2006
 (Stated
              in US Dollars)
 ( Unaudited )
 Three
                                Months
                              Ended
                              June
                                30,
                              2006
                      
                      July
                                  19, 2005
                                (Date
                                  of
                                Inception)
                                  to
                                March
                                  31,
                                2006Cash
                          Flows used in Operating ActivitiesNet
                          loss for the period
                      $
                      (23,389)
                      
                      $
                      (28,015)Change
                          in non-cash working capital items related to operations:Advance
                      
                      (10,717)
                      
                      
                      (10,717)Accounts
                          payable and accrued liabilities
                      
                      4,427
                      
                      
                      10,733Net
                          cash used in operating activities
                      
                      (29,679)
                      
                      
                      (27,999)Cash
                          Flows from Financing ActivitiesCapital
                          stock issued
                      
                      2,130
                      
                      
                      102,530Due
                          from related party
                      
                      (2,142)
                      
                      
                      -Net
                          cash provided by (used in) financing activities
                      
                      (12)
                      
                      
                      102,530Effect
                          of foreign currency on cash
                      
                      (33)
                      
                      
                      (33)Increase
                          (decrease) in cash during the period
                      
                      (29,724)
                      
                      
                      74,498Cash,
                          beginning of the period
                      
                      104,222
                      
                      
                      -Cash,
                          end of the period
                      $
                      74,498
                      
                      $
                      74,498
   SEE
            ACCOMPANYING NOTES
 F-3
 Table
                of Contents
 **FARRIER
                RESOURCES CORP.**
 (An
                Exploration Stage Company)


NOTES
        TO THE INTERIM CONSOLIDATED FINANCIAL
        STATEMENTS
 June
        30,
        2006
 (Stated
        in US Dollars)
 ( Unaudited )
 
 Note 1.
                Interim
                    Reporting
 
 The
          unaudited financial information furnished herein reflects all adjustments,
          which
          in the opinion of management are necessary to fairly state the Company’s
          financial position and the results of its operations for the periods presented.
          All adjustments are of a normal recurring nature. This report on Form 10-QSB
          should be read in conjunction with the Company’s financial statements and notes
          thereto included in the Company’s consolidated audited financial statements for
          the fiscal period ended March 31, 2006. The Company assumes that the users
          of
          the interim financial information herein have read or have access to the
          audited
          financial statements for the preceding fiscal period and that the adequacy
          of
          additional disclosure needed for a fair presentation may be determined
          in that
          context. Accordingly, footnote disclosure, which would substantially duplicate
          the disclosure contained in the Company’s audited consolidated financial
          statements for the fiscal period ended March 31, 2006, has been omitted.
          The
          results of operations for the three-month period ended June 30, 2006 are
          not
          necessarily indicative of results for the entire year ending March 31,
          2007.
 
 Note 2.
                Nature
                    of Operations
 
 Organization
 
 The
          Company was incorporated in the state of Nevada, United States of America
          on
          July 19, 2005. The Company was formed for the purpose of acquiring exploration
          and development stage natural resource properties. The Company’s year end is
          March 31. On April 3, 2006, the Company incorporated a wholly-owned subsidiary,
          FRC Explorations Ltd. (A BC Corporation) (“FRC”).
 
 Exploration
          Stage Activities
 
 The
          Company has been in the exploration stage since its formation and has not
          yet
          realized any revenues from its planned operations. The Company has not
          commenced
          business operations.
 
 Note 3.
                Additional
                    Significant Accounting Policies
 
 The
          consolidated financial statements of the Company have been prepared in
          accordance with accounting principles generally accepted in the United
          States of
          America. Because a precise determination of many assets and liabilities
          is
          dependent upon future events, the preparation of financial statements for
          a
          period necessarily involves the use of estimates, which may have been made
          using
          careful judgment. Actual results may vary from these
          estimates.
 F-4
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            of Contents
 Note 3.
                Additional
                    Significant Accounting Policies-
                    (cont’d)
 
 The
          consolidated financial statements have, in management’s opinion, been properly
          prepared within the framework of the significant accounting policies summarized
          below:
 
 Principles
          of Consolidation
 
 These
          consolidated financial statements include the accounts of the Company and
          its
          wholly-owned subsidiary incorporated by the Company, FRC Exploration Ltd.
          (a BC
          corporation). All significant inter-company balances and transactions have
          been
          eliminated on consolidation.
 
 Mineral
          Property Acquisition Payments and Exploration Costs
 
 The
          Company expenses all costs incurred on mineral properties to which it has
          secured exploration rights prior to the establishment of proven and probable
          reserves. If and when proven and probable reserves are determined for a
          property
          and a feasibility study prepared with respect to the property, then subsequent
          exploration and development costs of the property will be
          capitalized.
 
 The
          Company regularly performs evaluations of any investment in mineral properties
          to assess the recoverability and/or the residual value of its investments
          in
          these assets. All long-lived assets are reviewed for impairment whenever
          events
          or circumstances change which indicate the carrying amount of an asset
          may not
          be recoverable.
 
 Exploration
          Expenditures
 
 The
          Company follows a policy of expensing exploration expenditures until a
          production decision in respect of the project and the Company is reasonably
          assured that it will receive regulatory approval to permit mining operations,
          which may include the receipt of a legally binding project approval
          certificate.
 
 Management
          periodically reviews the carrying value of its investments in mineral leases
          and
          claims with internal and external mining related professionals. A decision
          to
          abandon, reduce or expand a specific project is based upon many factors
          including general and specific assessments of mineral deposits, anticipated
          future mineral prices, anticipated future costs of exploring, developing
          and
          operating a production mine, the expiration term and ongoing expenses of
          maintaining mineral properties and the general likelihood that the Company
          will
          continue exploration on such project.
 F-5
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              of Contents
  Note 3.
                Additional
                    Significant Accounting Policies-
                    (cont’d)
  Exploration
          Expenditures -
          (cont’d)
 
 The
          Company does not set a predetermined holding period for properties with
          unproven
          deposits, however, properties which have not demonstrated suitable metal
          concentrations at the conclusion of each phase of an exploration program
          are
          re-evaluated to determine if future exploration is warranted, whether there
          has
          been any impairment in value and that their carrying values are
          appropriate.
 
 If
          an
          area of interest is abandoned or it is determined that its carrying value
          cannot
          be supported by future production or sale, the related costs are charged
          against
          operations in the year of abandonment or determination of value. The amounts
          recorded as mineral leases and claims represent costs to date and do not
          necessarily reflect present or future values.
 
 The
          Company’s exploration activities and proposed mine development are subject to
          various laws and regulations governing the protection of the environment.
          These
          laws are continually changing, generally becoming more restrictive. The
          company
          has made, and expects to make in the future, expenditures to comply with
          such
          laws and regulations.
 
 The
          accumulated costs of properties that are developed on the stage of commercial
          production will be amortized to operations through unit-of-production
          depletion.
 
 Note 4.
                Commitment
 
 On
                    May 24, 2006 FRC entered into a property option agreement whereby
                    FRC was
                    granted an option to earn up to an 85% interest in 50 full and
                    9
                    fractional mineral claims located in the Eskay Creek Area, Northwestern
                    British Columbia. Consideration for the option is cash payments
                    totalling
                    CDN$100,000 and exploration expenditures of CDN$450,000 as
                    follows:
 
 i)
              Cash
                  payments as follows: 
 –
              CDN$2,500
                  upon execution of the Option agreement;
                  (paid) 
 –
              CDN$2,500
                  on or before June 30, 2007; 
 –
              CDN$40,000
                  on or before June 30, 2008; and 
 –
              CDN$55,000
                  on or before June 30, 2009.
 
  F-6
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            of Contents
  Note 4.
                Commitment-
                    (cont’d)
 
 ii)
                Aggregate
                    exploration expenditures of CDN$12,000 on or before June 30,
                    2007,
                    CDN$24,000 in aggregate on or before June 30, 2008; CDN$160,000
                    in
                    aggregate before June 30, 2009; and CDN$450,000 in aggregate
                    before June
                    30, 2010.
 
 During
                    the three month period ended June 30, 2006, FRC incurred exploration
                    expenditures amounting to $1,408
                    (CDN$1,650).
 
 Upon
                    earning its 85% interest in the option, the Company shall enter
                    into a
                    joint venture agreement to develop and operate the
                    property.
  F-7
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              of Contents


**Item
                2.     Plan of
                Operation**





**Forward-Looking
      Statements**





Certain
      statements, other than purely historical information, including estimates,
      projections, statements relating to our business plans, objectives, and expected
      operating results, and the assumptions upon which those statements are based,
      are “forward-looking statements” within the meaning of the Private Securities
      Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933
      and Section 21E of the Securities Exchange Act of 1934. These
      forward-looking statements generally are identified by the words “believes,”
“project,” “expects,” “anticipates,” “estimates,” “intends,” “strategy,” “plan,”
“may,” “will,” “would,” “will be,” “will continue,” “will likely result,” and
      similar expressions. We
      intend
      such forward-looking statements to be covered by the safe-harbor provisions
      for
      forward-looking statements contained in the Private Securities Litigation Reform
      Act of 1995, and are including this statement for purposes of complying with
      those safe-harbor provisions. Forward-looking
      statements are based on current expectations and assumptions that are subject
      to
      risks and uncertainties which may cause actual results to differ materially
      from
      the forward-looking statements. Our
      ability to predict results or the actual effect of future plans or strategies
      is
      inherently uncertain. Factors which could have a material adverse affect on
      our
      operations and future prospects on a consolidated basis include, but are not
      limited to: changes in economic conditions, legislative/regulatory changes,
      availability of capital, interest rates, competition, and generally accepted
      accounting principles. These risks and uncertainties should also be considered
      in evaluating forward-looking statements and undue reliance should not be placed
      on such statements. We
      undertake no obligation to update or revise publicly any forward-looking
      statements, whether as a result of new information, future events or otherwise. Further
      information concerning our business, including additional factors that could
      materially affect our financial results, is included herein and in our other
      filings with the SEC.





**Overview**





We
      were
      incorporated on July 19, 2005 under the laws of the state of Nevada for the
      purpose of engaging in mineral exploration.




Under
      the
      terms of a Property Option Agreement dated On May 24, 2006 between Mr. Dorian
      Leslie, Ram Explorations Ltd., and FRC, our wholly owned mining exploration
      subsidiary, we acquired an option to acquire an 85% interest in mineral claims
      we refer to as the Snipakker mineral claims. The Snipakker mineral claims are
      located approximately 16 miles west of the Eskay Creek Mine and 10 miles from
      the Bronson airstrip which is located on the Iskut River to the northwest of
      the
      claim area in the Province of British Columbia. We do not have any ownership
      interest in the property that is covered by the Snippaker mineral claims. These
      mineral claims consist of 4 mineral tenures comprising a total of 50 complete
      cells and 9 fractional cells. A cell is a measurement for the area of a mineral
      claim. A cell in our optioned mineral claim area is roughly square and encloses
      approximately 50 acres. Our 50 cell plus fractions of cells mineral claim option
      covers an area of approximately 2,600 acres or approximately 4 square
      miles.


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          of Contents


There
      are
      no known mineral reserves on the Snipakker mineral claims. Exploration of these
      mineral claims is required before a final determination as to their viability
      can be made. We commenced the initial phase of our exploration program commenced
      in June 2006. Our option on this property is currently unexercised. In the
      event
      that we do not exercise our option, we will have no interest in the Snipakker
      mineral claims and will not be entitled to receive back any monies spent to
      maintain the option.





Under
      the
      terms of the Property Option Agreement, we will be able to exercise our option
      if we make aggregate payments of $90,000 to the optionor on or before June
      30,
      2009 and an additional $405,500 in aggregate exploration expenses on or before
      June 30, 2010. We can exercise our option at any time prior to June 30, 2010
      if
      we pay $90,000 to the optionor and incur $405,500 in exploration expenses on
      the
      Snipakker mineral claims. We will either satisfy the payment terms of the
      Property Option Agreement in the time frame provided thereby resulting in us
      exercising this option or we will fail to satisfy the payment terms and be
      in
      default of the Property Option Agreement. If we are in default of the Property
      Option Agreement, the optionor can terminate Property Option Agreement if we
      fail to cure any default within 45 days after the receipt of notice of default.
      Our option will expire if we are in default of the Property Option Agreement
      and
      fail to cure any default within 45 days after the receipt of notice of default.





Under
      the
      Property Option Agreement, we will acquire an 85% interest in the Snipakker
      mineral claims and the optionor will hold the remaining 15% interest if we
      exercise our option. Ram Exploration Ltd. is the operator of the Snipakker
      mineral claims. The optionor is responsible for maintaining the mineral claims
      in good standing with the B.C. Mineral Titles Branch. Ram Exploration Ltd.,
      which refer to as Ram, is owned by our consulting geologist, Mr. Carl von
      Einsiedel. Ram and is responsible for conducting the exploration activities
      on
      the property in accordance with Mr. von Einsiedel’s Geological
      Report .





**Plan
      of Operation**





Our
      business plan is to proceed with the exploration of the Snipakker mineral claims
      to determine whether there are commercially exploitable reserves of copper,
      lead/zinc, gold, silver or other metals. In June 2006, we commenced the initial
      phase of the exploration program recommended by our consulting geologist. The
      initial phase of the recommended geological exploration program will cost
      approximately $10,800. We anticipate that our consulting geologist’s report on
      the initial phase of the exploration program will be available by the end of
      October, 2006.





Once
      we
      receive results of our initial exploration program, our board of directors,
      in
      consultation with our consulting geologist will assess whether to proceed with
      the initiation of our second year mineral exploration program. In making this
      determination to proceed with a further exploration program, we will make an
      assessment as to whether the results of the first year exploration phase are
      sufficiently positive to enable us to proceed.





In
      the
      event the results of our first year exploration program prove not to be
      sufficiently positive to proceed with a further exploration on the Snipakker
      mineral claims, we intend identify and evaluate other business opportunities
      or
      acquisitions which management believes to be in the


5
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best
      interest of our company. Presently, we have not given any consideration to
      any
      opportunities or additional acquisitions because we have not yet received he
      results from our initial exploration program.





In
      the
      event our second year mineral exploration program is undertaken, it would likely
      commence in the spring of 2007 and we would expect our consulting geologist’s
      report to be available by the end of October, 2007. The second year exploration
      program will initially involve a continuation of the initial phase work which
      will cost approximately $10,800. We had $74,482 in working capital as of June
      30, 2006. As a result, the first portion first and second years of the
      exploration program could be undertaken without the need for us to raise
      additional funding.





In
      the
      event our board of directors, in consultation with our independent consulting
      geologist, chooses to undertake the third year of the proposed mineral
      exploration program in the spring of 2008, we will require additional financing.
      The third year of the proposed mineral exploration program is estimated to
      cost
      approximately $122,400. The objective of the third year exploration program
      is
      to identify areas that have a strong likelihood of hosting mineral deposits
      that
      can be further explored using geophysical methods along a 3 mile grid.





A
      fourth
      year exploration program, if undertaken, would likely in the spring of 2009.
      This program would entail Diamond Drilling of approximately 3,000 feet in 5
      to
      10 holes.





Upon
      the
      completion of the first four years of exploration phases, or any additional
      programs, which are successful in identifying mineral deposits, we will have
      to
      spend substantial funds on further drilling and engineering studies before
      we
      know that we have a mineral reserve. A mineral reserve is a commercially viable
      mineral deposit.





We
      currently have no specific plans to raise additional capital because the
      necessity of raising additional capital will be based upon the results of the
      first and second years of our exploration program. Our management intends to
      formulate plans regarding the necessity of securing additional funding following
      our receipt of the results of the first two years of the exploration program.





We
      anticipate that we will incur the following expenses over the next twelve
      months:





$18,000
      in connection with the completion of the initial phase of our recommended
      geological work program





$33,600
      for operating expenses. Of this amount we plan to spend approximately $18,000
      on
      general, legal, accounting and administrative expenses in connection with the
      reporting requirements under the Securities Exchange Act of 1934 and
      approximately $15,600 relating to working capital. We have allocated this
      $15,600 of working capital to office services to be provided by Falstone
      Management Ltd.





The
      following table is a summary of the various costs and fees we anticipate that
      we
      will incur through 2010 to implement the exploration of the Snipakker mineral
      claims:


6
 Table
          of Contents





2007
            2008
            2009
            2010Exploration
                expenses
            $10,800
            $10,800
            $122,400
            $261,000Option
                Costs
            $
                2,250
            $
                2,250
            $
                36,000
            $
                49,500Legal
                and Accounting fees
            $18,000
            $10,000
            $
                10,000
            $
                10,000Payments
                for administrative services
            $15,600
            $15,600
            $
                15,600
            $
                15,600Payments
                to consulting geologist
            $
                1,350
            $
                1,350
            $
                1,350
            $
                1,350Total
            $48,000
            $40,000
            $185,350
            $337,450





We
      had
      working capital in the amount of $74,482 as of June 30, 2006. Our total
      expenditures over the next twelve months are anticipated to be approximately
      $51,600. If we proceed with the second year of our exploration program in 2008,
      we will have sufficient working capital to finance our second year of
      operations. In the event we determined to complete the third or fourth year
      of
      our exploration program, we will need to raise additional funds to meet ongoing
      working capital needs. We have not taken any specific steps nor have any
      specific plans to raise additional capital at the present time.





We
      do not
      have plans to purchase any significant equipment or change the number of our
      employees during the next twelve months.





**Results
      of Operations for the three months ended June 30, 2006**





We
      did
      not earn any revenues from inception on July 19, 2005 through the period ending
      June 30, 2006. We do not anticipate earning revenues until such time that we
      exercise our option and have entered into commercial production of the Snipakker
      mineral properties. We are presently in the exploration stage of our business
      and we can provide no assurance that we will discover commercially exploitable
      levels of mineral resources on the Snipakker mineral properties, or if such
      resources are discovered, that we will enter into commercial
      production.





For
      the
      three months ended June 30, 2006, we incurred operating expenses of $23,389.
      Given that we were incorporated on July 19, 2005, we are unable to provide
      comparisons to the same reporting period in the prior year. Our operating
      expenses for the three months ended June 30, 2006 primarily consisted of legal
      accounting, and management fees expenses in the amount of $19,146,
      while mineral property option payments were $2,274, and Mineral property
      exploration expenses were $1,408.





**Liquidity
      and Capital Resources**





We
      had
      cash of $74,498 and working capital of $74,482 as of June 30, 2006.





We
      have
      not attained profitable operations and are dependent upon obtaining financing
      to
      pursue exploration activities in the third year of our exploration program
      and
      beyond.





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**Off
      Balance Sheet Arrangements**





As
      of
      June 30, 2006, there were no off balance sheet arrangements.





**Critical
      Accounting Policies**





In
      December 2001, the SEC requested that all registrants list their most “critical
      accounting polices” in the Management Discussion and Analysis. The SEC indicated
      that a “critical accounting policy” is one which is both important to the
      portrayal of a company’s financial condition and results, and requires
      management’s most difficult, subjective or complex judgments, often as a result
      of the need to make estimates about the effect of matters that are inherently
      uncertain. We believe that the following accounting policies fit this
      definition.





Mineral
      Property Acquisition Payments and Exploration Costs




We
      expense all costs incurred on mineral properties to which we have secured
      exploration rights prior to the establishment of proven and probable reserves.
      If and when proven and probable reserves are determined for a property and
      a
      feasibility study prepared with respect to the property, then subsequent
      exploration and development costs of the property will be
      capitalized.





We
      regularly perform evaluations of any investment in mineral properties to assess
      the recoverability and/or the residual value of its investments in these assets.
      All long-lived assets are reviewed for impairment whenever events or
      circumstances change which indicate the carrying amount of an asset may not
      be
      recoverable.





Exploration
      Expenditures





We
      follow
      a policy of expensing exploration expenditures until a production decision
      in
      respect of the project and we are reasonably assured that we will receive
      regulatory approval to permit mining operations, which may include the receipt
      of a legally binding project approval certificate.





Management
      periodically reviews the carrying value of our investments in mineral leases
      and
      claims with internal and external mining related professionals. A decision
      to
      abandon, reduce or expand a specific project is based upon many factors
      including general and specific assessments of mineral deposits, anticipated
      future mineral prices, anticipated future costs of exploring, developing and
      operating a production mine, the expiration term and ongoing expenses of
      maintaining mineral properties and the general likelihood that we will continue
      exploration on such project.





We
      do not
      set a predetermined holding period for properties with unproven deposits;
      however, properties which have not demonstrated suitable metal concentrations
      at
      the conclusion of each phase of an exploration program are re-evaluated to
      determine if future exploration is warranted, whether there has been any
      impairment in value and that their carrying values are appropriate.





If
      an
      area of interest is abandoned or it is determined that its carrying value cannot
      be supported by future production or sale, the related costs are charged against
      operations in the year of


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abandonment
      or determination of value. The amounts recorded as mineral leases and claims
      represent costs to date and do not necessarily reflect present or future
      values.





Our
      exploration activities and proposed mine development are subject to various
      laws
      and regulations governing the protection of the environment. These laws are
      continually changing, generally becoming more restrictive. We have made, and
      expect to make in the future, expenditures to comply with such laws and
      regulations.





The
      accumulated costs of properties that are developed on the stage of commercial
      production will be amortized to operations through unit-of-production
      depletion.





**Item
      3.     Controls and Procedures**





We
      carried out an evaluation of the effectiveness of the design and operation
      of
      our disclosure controls and procedures (as defined in Exchange Act Rules
      13a-15(e) and 15d-15(e)) as of June 30, 2006. This evaluation was carried out
      under the supervision and with the participation of our Chief Executive Officer
      and Chief Financial Officer, Mr. Kent Kirby. Based upon that evaluation, our
      Chief Executive Officer and Chief Financial Officer concluded that, as of June
      30, 2006, our disclosure controls and procedures are effective. There have
      been
      no changes in our internal controls over financial reporting during the quarter
      ended June 30, 2006.





Disclosure
      controls and procedures are controls and other procedures that are designed
      to
      ensure that information required to be disclosed in our reports filed or
      submitted under the Exchange Act are recorded, processed, summarized and
      reported, within the time periods specified in the SEC's rules and forms.
      Disclosure controls and procedures include, without limitation, controls and
      procedures designed to ensure that information required to be disclosed in
      our
      reports filed under the Exchange Act is accumulated and communicated to
      management, including our Chief Executive Officer and Chief Financial Officer,
      to allow timely decisions regarding required disclosure.





Limitations
      on the Effectiveness of Internal Controls





Our
      management does not expect that our disclosure controls and procedures or our
      internal control over financial reporting will necessarily prevent all fraud
      and
      material error. Our disclosure controls and procedures are designed to provide
      reasonable assurance of achieving our objectives and our Chief Executive Officer
      and Chief Financial Officer concluded that our disclosure controls and
      procedures are effective at that reasonable assurance level. Further, the design
      of a control system must reflect the fact that there are resource constraints,
      and the benefits of controls must be considered relative to their costs. Because
      of the inherent limitations in all control systems, no evaluation of controls
      can provide absolute assurance that all control issues and instances of fraud,
      if any, within the Company have been detected. These inherent limitations
      include the realities that judgments in decision-making can be faulty, and
      that
      breakdowns can occur because of simple error or mistake. Additionally, controls
      can be circumvented by the individual acts of some persons, by collusion of
      two
      or more people, or by management override of the internal control. The design
      of
      any system of controls also is based in part upon certain assumptions about
      the
      likelihood of future events, and there can be no assurance
      that any design will succeed in achieving its stated goals




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under
      all
      potential future conditions. Over time, control may become inadequate because
      of
      changes in conditions, or the degree of compliance with the policies or
      procedures may deteriorate.


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**PART
      II - OTHER INFORMATION**





**Item
      1.     Legal
      Proceedings**





We
      are
      not a party to any pending legal proceeding. We are not aware of any pending
      legal proceeding to which any of our officers, directors, or any beneficial
      holders of 5% or more of our voting securities are adverse to us or have a
      material interest adverse to us.





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





On
      July
      12, 2006, the registration statement filed on Form SB-2 (Commission file number
      333-134715) was declared effective by the SEC. This offering has commenced
      and
      is ongoing. This registration statement registered 2,118,000 shares of Common
      Stock on behalf of certain selling shareholders of the company. We will not
      receive any proceeds from this offering and have not made any arrangements
      for
      the sale of these securities.





**Item
      3.     Defaults upon Senior
      Securities**





None





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





No
      matters have been submitted to our security holders for a vote, through the
      solicitation of proxies or otherwise, during the quarterly period ended June
      30,
      2006.





**Item
      5.     Other
      Information**





None





**Item
      6.      Exhibits**





**Exhibit
                Number**
            **Description
                of Exhibit**3.1
            Articles
                of Incorporation(1)3.2
            By-laws(1)10.1
            Property
                Option Agreement between FRC Exploration Ltd., Ram Exploration Ltd.
                And
                Mr. Dorian Leslie(1)31.1
            Certification
                of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as
                adopted
                pursuant to Section 302 of the Sarbanes-Oxley Act of
                200231.2
            Certification
                of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as
                adopted
                pursuant to Section 302 of the Sarbanes-Oxley Act of
                200232.1
            Certification
                of 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 2002


(1) Previously
      filed as an exhibit to the registration statement on Form SB-2 filed on June
      5,
      2006


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**SIGNATURES**





In
      accordance with the requirements of the Securities and Exchange Act of 1934,
      the
      Registrant has duly caused this report to be signed on its behalf by the
      undersigned, thereunto duly authorized.





**Farrier
                Resources Corp.**Date:
            August
                2, 2006By:       /s/
                Kent Kirby
              Mr.
                Kent Kirby
              Title:**Chief Executive Officer and
                Director**