---

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549



FORM 10-QSB



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





|(Mark One)                                                          
|--------------------------------------------------------------------
|                                                                    
|                                                                    
|                                                                    
|                                                                    
|                                                                    
|                                                                    
|NEWPORT GOLD, INC.                                                  
|(Name of small business issuer as specified in its charter)         
|NEVADA                                                              
|(State or other jurisdiction of incorporation or
  organization)    
|                                                                    
|220 - 1495 Ridgeview Drive, Reno, Nevada
  89509                    
|(Address of principal executive offices)                            
|(905) 542-4990                                                      
|(Issuer's telephone number)                                         
|Not Applicable                                                      
|(Former name, address or fiscal year if changed since last
  report)
|                                                                    







|Check whether the issuer (1) has
  filed all reports required to be filed by Section 13 or 15(d) of the Exchange
  Act during the past 12 months (or for such shorter period that the registrant
  was required to file such reports), and (2) has been subject to such filing
  requirements for the past 90 days.
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|                                                                                                                                                                                                                                                                                                                   
|                                                                                                                                                                                                                                                                                                                   
|Indicate by check mark whether the
  registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).                                                                                                                                                                                                 
|                                                                                                                                                                                                                                                                                                                   
|                                                                                                                                                                                                                                                                                                                   
|State the number of shares
  outstanding of each of the issuer's classes of common equity, as of the latest
  practicable date.                                                                                                                                                                                    
|                                                                                                                                                                                                                                                                                                                   
|                                                                                                                                                                                                                                                                                                                   
|Transitional Small
  Business Disclosure Format (Check one):                                                                                                                                                                                                                                                       





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Newport Gold, Inc.

INDEX



|                               |                                                                         | Page No.                                                                            
|------------------------------ | ----------------------------------------------------------------------- | ------------------------------------------------------------------------------------
|                               |                                                                        
|PART 1 - FINANCIAL INFORMATION | 3                                                                      
|                               | ITEM 1.
  FINANCIAL STATEMENTS                                          | 3                                                                                   
|                               | ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF
  OPERATION     | 13                                                                                  
|                               |                                                                         | General                                                                             
|                               |                                                                         | Plan of Operations                                                                  
|                               |                                                                         | Burnt Basin Property                                                                
|                               |                                                                         | Inner Mongolia Property                                                             
|                               |                                                                         | Off-balance sheet
  arrangements                                                    
|                               |                                                                         | Loss Per Period/General and Administrative Expenses                                 
|                               |                                                                         | Liquidity and
  Capital Resources Liquidity                                         
|                               |                                                                         | Recent Accounting Pronouncements                                                    
|                               |                                                                         | Critical Accounting
  Policies                                                      
|                               |                                                                         | "Safe Harbor" Statement under the Private Securities Litigation Reform Act of
  1995
|                               | ITEM 3.
  CONTROLS AND PROCEDURES                                       | 15                                                                                  
|                               |                                                                         | Evaluation of Disclosure Controls and Procedures                                    
|                               |                                                                         | Changes in Internal
  Control over Financial Reporting                              
|PART II - OTHER INFORMATION    | 16                                                                     
|                               | ITEM 1.
  LEGAL PROCEEDINGS                                             | 16                                                                                  
|                               | ITEM 2. UNREGISTERED SALES OF EQUITIES SECURITIES AND USE OF
  PROCEEDS | 16                                                                                  
|                               |                                                                         | Unregistered Sales
  of Equity Securities                                           
|                               |                                                                         | Use of Proceeds                                                                     
|                               | ITEM 3.
  DEFAULTS UPON SENIOR SECURITIES                               | 16                                                                                  
|                               | ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS             | 16                                                                                  
|                               | ITEM 5.
  OTHER INFORMATION                                             | 16                                                                                  
|                               | ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K                                | 17                                                                                  
|SIGNATURES                     | 18                                                                     

2

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PART 1 - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

The information in this report for the three months ended
March 31, 2007, is unaudited but includes all adjustments (consisting only of
normal recurring accruals, unless otherwise indicated) which Newport Gold, Inc.
("Newport" or the "Company") considers necessary for a fair presentation of the
financial position, results of operations, changes in stockholders' equity and
cash flows for those periods.

The condensed consolidated financial statements should be
read in conjunction with Newport's financial statements and the notes thereto
contained in Newport's Audited Financial Statements for the year ended December
31, 2006, in the Form 10KSB and filed with the SEC on April 19, 2007.

Interim results are not necessarily indicative of results for the full fiscal
year.





Unaudited Financial Statements of Newport Gold, Inc.

NEWPORT GOLD, INC.
(An Exploration Stage Company)
Consolidated Financial Statements
March 31, 2007 and 2006
(US Dollars)



3

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NEWPORT GOLD, INC.
(An Exploration Stage Company)
Consolidated Balance Sheets 
(US Dollars)
(Unaudited)

March 31, 2007
   December 31, 2006
   (Audited)AssetsCurrentCash
   
   $ 105,351
   $ 129,366Long-TermMining claims
   
   288,207
   285,576Computer equipment, lessaccumulated amortizationof $1,764 ($1,510 in 2006)
   
   3,162
   3,390Total Assets
   
   $ 396,720
   $ 418,332Liabilities and Stockholders' EquityCurrentAccounts payable
   
   $ 143,635
   $ 135,715Due to related parties (note 4)
   
   193,578
   193,578Total Liabilities
   
   $ 337,213
   $ 329,293Stockholders' EquityCapital StockAuthorized100,000,000 Common
   shares par value of $0.001 per shareIssued and outstanding15,075,000 Common
   shares
   
   15,075
   15,075Additional Paid-in Capital
   
   770,575
   770,575Comprehensive (Loss)
   
   (3,775)
   (6,432)Accumulated Deficit
   
   (722,368)
   (690,179)Total Stockholders' Equity
   
   59,507
   89,039Total Liabilities and Stockholders' Equity
   
   $ 396,720
   $ 418,332




See notes to consolidated financial statements.

4

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NEWPORT GOLD, INC.
(An Exploration Stage Company)
Consolidated Statements of Operations 
(US Dollars)
(Unaudited)

Three Months Ended
   March 31,
   Cumulative Period
   From July 16, 2003
   (Inception) through
   March 31, 20072007
   2006ExpensesSalaries
   $           
   -
   $   59,000
   $  110,000Accounting and legal
   9,460
   15,866
   137,947Investor relations
   -
   -
   114,525Expenditures on resource
    property
   -
   -
   53,465Office and travel
   1,375
   17,978
   74,807Geological consulting fees
   20,455
   1,355
   224,444Filing fees and transfer
   agent
   645
   -
   11,224Amortization
   254
   378
   1,764Foreign exchange (gain)
   -
   -
   (5,808)Net Loss
   32,189
   94,577
   722,368Other Comprehensive (Gain)/Loss
   (2,657)
   -
   3,775Total Comprehensive Loss
   $  29,532
   $   94,577
   $  726,143Loss Per Share
   $      0.00
   $       0.01Weighted Average Number of 
   Shares Outstanding
   15,075,000
   9,815,000




See notes to consolidated financial statements.

5

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NEWPORT GOLD, INC.
(An Exploration Stage Company)
Consolidated Statements of Stockholders' Equity 
Period from July 16, 2003 (Inception) to March 31, 2007
(US Dollars)
(Unaudited)

Shares
   Par Value
   Additional Paid-In Capital
   Share Subscription Received
   Other Comprehensive
   Loss
   Accumulated Deficit During Exploration Stage
   Total Stockholders' EquityShare subscriptions- cash
   0
   $         0
   $           
   0
   $      93,150
   $            
   0
   $              
   0
   $          
   93,150- property
   0
   0
   0
   22,500
   0
   0
   22,500Foreign currencytranslation adjustment
   0
   0
   0
   0
   (3,409)
   0
   (3,409)Net loss
   0
   0
   0
   0
   0
   (161,681)
   (161,681)Balance,December 31, 2003
   0
   0
   0
   115,650
   (3,409)
   (161,681)
   (49,440)Foreign currencytranslation adjustment
   0
   0
   0
   0
   (1,124)
   0
   (1,124)Net loss
   0
   0
   0
   0
   0
   (95,960)
   (95,960)Balance,December 31, 2004
   0
   0
   0
   115,650
   (4,533)
   (257,960)
   (146,524)Share subscriptions- cash
   0
   0
   0
   144,000
   0
   0
   144,000Foreign currencytranslation adjustment
   0
   0
   0
   0
   (2,476)
   0
   (2,476)Net loss
   0
   0
   0
   0
   0
   (93,207)
   (93,207)Balance,December 31, 2005
   0
   0
   0
   259,650
   (7,009)
   (350,848)
   (98,207)Share subscriptions- cashCommon shares issuedfor cash
   12,575,000
   12,575
   523,075
   0
   0
   0
   535,650Common shares issuedfor mining claims
   2,500,000
   2,500
   247,500
   0
   0
   0
   250,000Common shares issuedfor share subscriptions
   0
   0
   0
   (259,650)
   0
   0
   (259,650)Foreign currencytranslation adjustment
   0
   0
   0
   0
   577
   0
   577Net loss
   0
   0
   0
   0
   0
   (339,331)
   (339,331)Balance,
   December 31, 2006
   15,075,000
   15,075
   770,575
   0
   (6,432)
   (690,179)
   89,039




6

---

NEWPORT GOLD, INC.
(An Exploration Stage Company
Consolidated Statements of Stockholders' Equity
Period from July 16, 2003 (Inception) to March 31, 2007
(US Dollars)
(Unaudited)                                      
Continued

|Foreign currency          |            |            |              |                    |                  |           |         
|------------------------- | ---------- | ---------- | ------------ | ------------------ | ---------------- | --------- | --------
|translation adjustment    | 0          | 0          | 0            | 0                  | 2,657            | 0         | 2,657   
|Net loss                  | 0          | 0          | 0            | 0                  | 0                | (32,189)  | (32,189)
|Balance,
  March 31, 2007 | 15,075,000 | $   15,075 | $    770,575 | $             
  0 | $        (3,775) | (722,368) | 59,507  
|                          |            |            |              |                    |                  |           |         









See notes to consolidated financial statements.



7

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NEWPORT GOLD, INC.
(An Exploration Stage Company)
Consolidated Statements of Cash Flows 
(US Dollars)
(Unaudited)

Three Months Ended
   March 31,
   Cumulative Period
   From July 16, 2003
   (Inception) through
   March 31, 20072007
   2006Operating ActivitiesNet loss
   $ (32,189)
   $ (94,577)
   $ (722,368)Item not involving cash:Amortization
   254
   378
   1,764Operating Cash Flow
   (31,935)
   (94,199)
   (720,604)Changes in Operating Assets and
   LiabilitiesPrepaid expenses
   -
   -
   26Accounts payable
   6,580
   (13,977)
   145,038Due to related parties
   1,792
   35,364
   191,289Cash Provided by (Used in) 
  Operating Activities
   (23,563)
   (72,812)
   (384,123)Investing ActivitiesExpenditures on resource
    property - shares
   -
   -
   (12,364)Computer equipment
   -
   (5,034)
   (5,034)Cash used in by Investing
   Activities
   -
   (5,034)
   (17,398)Financing ActivitiesCommon shares issued
   -
   -
   276,000Subscriptions received
   -
   -
   237,150Cash provided by Financing
   Activities
   -
   -
   513,150Inflow (outflow) of Cash
   (23,563)
   (77,846)
   111,629Effect of Exchange Rate Change on
   Cash 
  Balance held in Foreign Currencies
   (452)
   -
   (6,278)Cash, Beginning of Quarter
   129,366
   151,520
   -Cash, End of Quarter
   $   105,351
   $   73,674
   $   105,351


8

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NEWPORT GOLD, INC.
(An Exploration Stage Company)
Consolidated Statements of Cash Flows 
(US Dollars) Continued

Non-Cash Financing ActivityCommon stock issued for
   properties
   $      0
   $      0
   $      0
   $ 272,500Supplemental DisclosuresInterest paid
   $      0
   $      0
   $      0
   $           
   0Income taxes paid
   $      0
   $      0
   $      0
   $           
   0










See notes to consolidated financial statements.



9

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NEWPORT GOLD, INC.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
Three Months Ended March 31, 2007 and 2006 and the Period from July 16, 2003
(Inception) to March 31, 2007
(US Dollars)
(Unaudited)

---

1. OPERATIONS AND BASES OF PRESENTATION

> Newport Gold, Inc. (the "Company") was incorporated under the laws of Nevada
>  on July 16, 2003, and is involved in the acquisition, exploration and
>  development of mineral and energy properties. The Company is currently
>  evaluating opportunities both in the mineral sector and otherwise. The Company
>  is in the exploration stage and follows the provisions of Statement No. 7 of
>  the Financial Accounting Standards Board ("FASB").
>  These consolidated financial statements include the accounts of the Company
>  and its wholly-owned Canadian subsidiary, 2038052 Ontario Inc., incorporated
>  under the laws of the province of Ontario, Canada. All intercompany
>  transactions and balances have been eliminated.
>  Recent accounting pronouncements

1. FAS 157, "Fair Value Measurements". This new standard provides
  guidance for using fair value to measure assets and liabilities and applies
  whenever other standards require (or permit) assets or liabilities to be
  measured at fair value but does not expand the use of fair value in any new
  circumstances. The provisions of this statement are effective for financial
  statements issued for fiscal years beginning after November 15, 2007, and
  interim periods within those fiscal years. The Company expects that this new
  pronouncement will have no impact on the Company's consolidated financial
  statements.
2. FAS 159, "Fair Value Option for Financial Assets and Financial
  Liabilities". The fair value option established by this statement permits
  all entities to choose to measure eligible items at fair value at specified
  election dates. Most of the provisions of this statement apply only to
  entities that elect the fair value option. However, the amendment to FASB
  Statement No. 115, "Accounting for Certain Investments in Debt and Equity
  Securities", applies to all entities with available-for-sale and trading
  securities. This statement is effective as of the beginning of an entity's
  first fiscal year that begins after November 15, 2007. The Company expects
  that this new pronouncement will have no impact on the Company's consolidated
  financial statements.
3. FIN 48, "Accounting for Uncertainty in Income Taxes", prescribes a
  recognition threshold and measurement attribute for the financial statement
  recognition and measurement of a tax position taken or expected to be taken in
  a tax return. The provisions of FIN 48 are effective for fiscal years
  beginning after December 15, 2006. The provisions of FIN 48 are to be applied
  to all tax positions upon initial adoption of this standard. The Company
  expects that this new pronouncement will have no impact on the Company's
  consolidated financial statements.



1. GOING-CONCERN

> These financial statements have been prepared in accordance with accounting
>  principles generally accepted in the United States of America on a
>  going-concern basis. This presumes funds will be available to finance on-going
>  development, operations and capital expenditures and the realization of assets
>  and the payment of liabilities in the normal course of operations for the
>  foreseeable future.

10

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NEWPORT GOLD, INC.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
Three Months Ended March 31, 2007 and 2006 and the Period from July 16, 2003
(Inception) to March 31, 2007
(US Dollars)
(Unaudited)

---

1. GOING CONCERN (Continued)

> The general business strategy of the Company is to explore and research an
>  existing mineral property and to potentially acquire further claims either
>  directly or through the acquisition of operating entities. The continued
>  operations of the Company depends upon the recoverability of mineral property
>  reserves, confirmation of the Company's interest in the underlying mineral
>  claims, the ability of the Company to obtain necessary financing to complete
>  the development of these claims and upon the future profitable production of
>  the claims. Management intends to raise additional capital through share
>  issuances to finance operations and invest in the Burnt Basin Properties as
>  described in note 3.
>  The Company has a working capital deficit of $231,862 (December 31, 2006 -
>  $199,927), has accumulated losses during the exploration stage of $722,368
>  (December 31, 2006 - $690,179), has not generated any operating revenue to
>  date, and has no capital resources presently available to meet obligations,
>  which normally can be expected to be incurred by similar companies. These
>  factors raise substantial doubt about the Company's ability to continue as a
>  going-concern, which is dependent on the Company's ability to obtain and
>  maintain an appropriate level of financing on a timely basis and to achieve
>  sufficient cash flows to cover obligations and expenses. The outcome of the
>  above matters cannot be predicted at this time. These financial statements do
>  not give effect to any adjustments to the amounts and classifications of assets
>  and liabilities, which might be necessary should the Company be unable to
>  continue as a going-concern.

1. RESOURCE PROPERTIES

1. On June 18, 2003, the Company entered into an option agreement to acquire
 nine mineral claims consisting of 47 units, each unit consisting of
 approximately 25 hectares, title to which is held by an unrecorded warranty
 deed. The mineral claims are located 25 kilometres northeast of the city of
 Grand Forks, British Columbia, Canada, known as the Burnt Basin mineral claims
 numbered 393541, 393542, and 393681 to 393687. The option agreement is subject
 to an underlying agreement dated July 29, 2002 between the property owners and
 the optionor.

> Under the terms of the option agreement, the Company can acquire a 100%
>  undivided interest in the property, subject to two separate net smelter return
>  royalties ("NSR") (totaling 2%), and cash and share payments totaling $12,364
>  (Cdn $17,000) (paid) and 225,000 shares of common stock. The Company must also
>  incur exploration expenses totaling $215,000 (Cdn $250,000) over a three-year
>  period, ending June 18, 2006 (extended to June 18, 2007).
>  The first NSR consists of a 1% NSR payable to the property owner capped at
>  $215,000 (Cdn $250,000), that will be provided by making annual $8,600 (Cdn
>  $10,000) prepaid NSR payments beginning in September, 2003 ($24,010 (Cdn
>  $30,000) paid to December 31, 2005). A further 1% NSR is payable to the
>  optionor. One-half of the latter 1% NSR may be bought out for the sum of
>  $430,000 (Cdn $500,000).



11

---

NEWPORT GOLD, INC.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
Three Months Ended March 31, 2007 and 2006 and the Period from July 16, 2003
(Inception) to March 31, 2007
(US Dollars)
(Unaudited)

---

1. RESOURCE PROPERTIES

> To date, the Company has not performed any work on the property other than
>  some mapping and compilation. The Company is presently in the pre-exploration
>  state and there is no assurance that a commercially viable mineral deposit
>  exists in the property until further exploration is done and a comprehensive
>  evaluation concludes economic and legal feasibility. The Company intends to
>  develop mineral deposits it finds, or enter into a joint venture with another
>  mining company with more experience at that stage of operation.

1. By agreement dated November 17, 2006, the Company acquired an option to
 earn a 20% interest of a 50% interest held by the optioners in certain mineral
 exploration rights located in Inner Mongolia, China.

> In order to earn its interest in the property, the Company issued 2,200,000
>  common shares to the optionors and an additional 300,000 common shares to the
>  vendor of the property. The common shares were valued by the Company at $0.10
>  per share. The Company also granted a total of 2.2% net smelter royalty to the
>  optionors on all metals produced from the optionors' interest in the property.
>  The optionors also granted the Company a first right of refusal on acquiring
>  the remainder of their 50% interest for a period of one year.
>  The Company must issue a total of 800,000 common shares to the vendor by
>  February 1, 2009 and incur $750,000 of exploration expenditures, $250,000 in
>  the first year.
>  On April 12, 2007 the Company issued 100,000 common shares to extend to
>  February 1, 2008 the requirement to spend $250,000 on the Inner Mongolia
>  Property.

4. RELATED PARTY TRANSACTIONS



1. As at March 31, 2007, the total balance owing for investor relations by the
 son of the president of the Company was $48,239 (December 31, 2006 - $48,239).
 The amount owed is without interest or stated terms of repayment and is
 unsecured.
2. As at March 31, 2007, the president is owed $145,339 (December 31, 2006 -
 $145,339), which amount is included in due to related parties. The amount owed
 is without interest or stated terms of repayment and is unsecured.

All transactions with related parties are in the normal course of operations
and are measured at the exchanged amount, which is the amount of consideration
agreed to between the parties.

12

---

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

General

The following discussion and analysis should be read in
conjunction with the financial statements, including the notes thereto,
appearing elsewhere in this document.

The "Plan of Operations" of Newport is incorporated by reference from the
Newport's Form SB-1, as amended, filed with the SEC on June 8, 2005.

Plan of Operations

Newport is a pre-exploration company incorporated under the laws of the State
of Nevada on July 16, 2003. We have just commenced our business operations.

Burnt Basin Property

Newport has obtained an option to acquire nine mineral claims consisting of
47 units (the "Burnt Basin Property"). These mineral claims entitle us to the
minerals located on the Burnt Basin Property subject to the option agreement.
However, since title to the Burnt Basin Property is in the name of Mr. John
Carson, should he choose to transfer title to a third party, Newport would lose
the mineral claims. Newport entered into the option agreement with Steve Baran
June 18, 2003. Mr. Baran is not related to Newport.

Newport intends to explore for gold on the Burnt Basin Property. The property
is located approximately 25 kilometres northeast of the City of Grand Forks,
British Columbia, Canada. There can be no assurance that valuable minerals exist
on the property until proper geological work and analysis is performed. The
property has no proven or probable mineral reserves.

The Burnt Basin mineral claims are without known economic mineralization and
the proposed program is exploratory in nature. Newport must conduct exploration
to determine what amount of minerals, if any, exist on the property and if any
minerals which are found can be economically extracted and profitably processed.
Specifically, Newport intends to explore for gold on the Burnt Basin mineral
claims.

Newport spent a total of 29 man-days on the Burnt Basin property during 2006
and rock samples were collected for analysis. Newport has just completed a
summary of its geological mapping, prospecting and rock sampling program in the
east-central part of the property.

Further work is recommended on the Burnt Basin property. An Airborne
magnetic/time/domain EM survey is recommended, with closed-spaced lines oriented
northeast-southwest and is scheduled for completion summer of 2007. A
combination of magnetic and electromagnetics should be effective at
distinguishing between argillaceous limestones, mineralization and magnetic
dykes. A soil geochemical survey is also recommended for the Molly Gibson and
Eva Bell-Halifax zones, to provide further information to prioritize geophysical
targets for trenching or drilling. Additional detailed geological mapping is
also required. Follow-up excavator trenching and diamond drilling should test
any targets outlined by the above program.

Newport will assess whether to proceed with Phase II of the exploration
program upon completion of Phase I and an evaluation of the results of the Phase
I program, based on our independent geologist's report .

If Newport's exploration activities are successful we plan to either further
develop the Burnt Basin mineral claims independently or enter into a joint
venture with another mining company with more experience at that stage of
operation. Newport will need a considerable amount of additional capital if
Newport is to proceed to further development of the Burnt Basin mineral claims.

13

---

Inner Mongolia Property

On November 17, 2006, Newport acquired an option to earn a 20% interest in a
50% interest held by the optionors in certain mineral exploration rights located
in Inner Mongolia, China (the "Inner Mongolia Property"). This property is held
by Noront Resources Ltd. ("Noront" NOT TSX-V) through BaoTou Noront Mineral
Development Co. and consists of 5.16 km(2) situated about 100 km north of BaoTou
City. The option agreement is subject to an underlying agreement dated February
1, 2006 between Noront and the optionors. In order to earn its interest in the
property, Newport issued 2,200,000 common shares to the optionors and an
additional 300,000 common share to Noront at $0.10 per share. Newport also
granted a total of 2.2% NSR to the optionors on all metals produced from the
optionors' interest in the property. The optionors also granted Newport a first
right of refusal on acquiring the remainder of their 50% interest for a period
of one year. Newport must issue a total of 800,000 common shares to Noront by
February 1, 2009 and incur $750,000 of exploration expenditures, with a first
year obligation to issue 300,000 shares (issued as noted above) an incur
$250,000 of exploration expenditures by February 1, 2007. Newport received an
extension on completing the required expenditures to February 1, 2008 in
consideration for 100,000 shares of Newport.

Newport has recently received a geological report on the Inner Mongolia
Property prepared by Newport's Consulting Geologist Daniel Huang M.Sc. Diamond
drilling on the Inner Mongolia Property is planned during the summer of 2007. In
order to proceed with this project Newport will have to raise at least $ 300,000
through private placements or other capital avenues.

Off-balance sheet arrangements

As of March 31, 2007, Newport has had no off-balance sheet arrangements.

Loss Per Period/General and Administrative Expenses

Newport's net loss for the three months ended March 31, 2007
was ($32,189) compared to ($94,577) for the three month period ending March 31,
2006.

Most of the loss for the current period is due to geological
consulting fees totaling $20,455. Office and travel expenses were $1,375
compared to $17,978 for the same three month period ended March 31, 2006.
Accounting and legal expenses were $9,460 compared to $15,866 for the same three
month period ended March 31, 2006. Salaries expenses were $0 compared to $59,000
for the same three month period ended March 31, 2006.

Liquidity and Capital Resources Liquidity

As of March 31, 2007 the Company had total cash on hand of
$105,351. Newport also had $337,213 in liabilities of which $193,578 is owed to
related parties and $143,635 is owed for accounts payable.

Management estimates that Newport will need approximately $
590,000 over the next twelve months to follow through with its plan of
operation. Newport has budgeted $50,000 for legal expenses, $50,000 for
accounting and audit expenses, $75,000 for administration, $60,000 for office,
$20,000 for travel expenses, $200,000 for Burnt Basin exploration costs,
$200,000 for exploration work on the Mongolia Property and $15,000 for transfer
agent expenses. Newport intends to raise additional capital through additional
private placements of its equity securities and, if available on satisfactory
terms, debt financing to achieve our goals and objectives for the next twelve
months.

Recent Accounting Pronouncements

The Financial Accounting Standards Board ("FASB") issued FASB
Interpretation No. 48, "Accounting for Uncertainty in Income Taxes" ("FIN 48")
in June 2006. The interpretation clarifies the accounting for uncertainty in
income taxes recognized in our financial statement in accordance with SFAS No.
109, "Accounting for Income

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Taxes." FIN 48 became effective for our fiscal year beginning
January 1, 2007. The Company has not determined the effect, if any, the adoption
of FIN 48 has had on the Company's financial position and results of operations.

In September 2006, the Financial Accounting Standards Board
("FASB") issued SFAS No. 157, "Fair Value Measurements". SFAS No. 157 defines
fair value, establishes a framework for measuring fair value and expands
disclosures about fair value measurements. This statement is effective for
financial statements issued for fiscal years beginning after November 15, 2007,
and interim periods within those fiscal years. The Company is currently
evaluating SFAS No. 157 to determine the impact, if any, on its financial
statements.



FAS 159, "Fair Value Option for Financial Assets and
Financial Liabilities". The fair value option established by this statement
permits all entities to choose to measure eligible items at fair value at
specified election dates. Most of the provisions of this statement apply only to
entities that elect the fair value option. However, the amendment to FASB
Statement No. 115, "Accounting for Certain Investments in Debt and Equity
Securities", applies to all entities with available-for-sale and trading
securities. This statement is effective as of the beginning of an entity's first
fiscal year that begins after November 15, 2007. The Company expects that this
new pronouncement will have no impact on the Company's consolidated financial
statements.



Critical Accounting Policies



The Company adopted the provisions of EITF 04-2, "Whether
Mineral Rights are Tangible or Intangible Assets", and FSP FAS 141-1
and 142-1, which concluded that mineral rights are tangible assets. Accordingly,
the Company capitalizes certain costs related to the acquisition of mineral
rights. The effect of adoption of EITF 04-2 is to reduce previously reported
loss for fiscal 2003 by $34,864. There is no change to the previously reported
loss per share. In addition, total assets are increased by $34,864 and
shareholders' deficiency is decreased by $34,864 as at December 31, 2005. There
is no change to the reported losses for fiscal 2005 or 2004.

"Safe Harbor" Statement under the Private Securities
Litigation Reform Act of 1995

This Form 10-QSB report may contain certain "forward-looking"
statements as such term is defined in the Private Securities Litigation Reform
Act of 1995 or by the Securities and Exchange Commission in its rules,
regulations and/or releases, which represent our expectations or beliefs,
including but not limited to, statements concerning our economic performance,
financial condition, growth and marketing strategies, availability of additional
capital, ability to attract suitable personal and future operational plans. For
this purpose, any statements contained herein that are not statements of
historical fact may be deemed to be forward-looking statements. Without limiting
the generality of the foregoing, words such as "may," "will," "expect,"
"believe," "anticipate," "intend," "could," "estimate," "might," or "continue"
or the negative or other variations thereof or comparable terminology are
intended to identify forward-looking statements. These statements by their
nature involve substantial risks and uncertainties, certain of which are beyond
our control, and actual results may differ materially depending on a variety of
important facts, including but not limited to those risk factors in Newport's
Registration Statement on Form SB-1, as amended, filed with the SEC on June 8,
2005.

ITEM 3: CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

Our CEO and CFO have evaluated the effectiveness of our disclosure controls
and procedures pursuant to Exchange Act Rule 13a-15(b) as of the end of the
period covered by this report. Based on that evaluation, they have concluded
that our current disclosure controls and procedures are effective.



Changes in Internal Control over Financial Reporting

There was no change during the quarterly period ended March 31, 2007 that has
materially affected, or is reasonably likely to materially affect, our internal
control over financial reporting.

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PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

To Newport's knowledge, no lawsuits were commenced against
Newport during the three months ended March 31, 2007, nor did Newport commence
any lawsuits during the same period. There are no proceedings in which any of
our directors, officers or affiliates, or any registered or beneficial
shareholder, is an adverse party or has a material interest adverse to our
interest.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

Unregistered Sales of Equity Securities

Newport issued 100,000 shares of its common stock on April 12, 2007 to Noront
as consideration for Norant granting an extension to February 1, 2008 to spend
the required $250,000 USD of exploration monies on the Inner Mongolia Property.

The issuance made by Newport to Noront was completed pursuant to Rule 903 of
Regulation S of the Securities Act of 1933 on the basis that the issuance
of the shares was completed in an offshore transaction, as defined in Rule
902(h) of Regulation S. Newport did not engage in any directed selling efforts,
as defined in Regulation S, in the United States in connection with the sale of
the shares. Norant represented to us that they were not a U.S. person, as
defined in Regulation S, and were not acquiring the shares for the account or
benefit of a U.S. person. The agreement executed between us and Noront included
statements that the securities had not been registered pursuant to the Securities Act of 1933 and that the securities may not be offered or sold in
the United States unless the securities are registered under the Securities Act
of 1933 or pursuant to an exemption from the Securities Act of 1933.
Noront agreed by on receipt of the shares: (i) to resell the securities
purchased only in accordance with the provisions of Regulation S, pursuant to
registration under the Securities Act of 1933 or pursuant to an exemption
from registration under the Securities Act of 1933; (ii) that we are
required to refuse to register any sale of the securities purchased unless the
transfer is in accordance with the provisions of Regulation S, pursuant to
registration under the Securities Act of 1933 or pursuant to an exemption
from registration under the Securities Act of 1933; and (iii) not to engage in
hedging transactions with regards to the securities purchased unless in
compliance with the Securities Act of 1933. The share certificate issued
to Noront was endorsed with a restrictive legend.

Use of Proceeds

Not Applicable.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

Not applicable.

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

Not applicable.

ITEM 5. OTHER INFORMATION

Not applicable.



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ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

The following Exhibits are furnished as part of this Form 10-QSB, pursuant to
Item 601 of Regulation S-B.



|Exhibit Number |  | Exhibit Title                                                                                                                                                          
|-------------- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------
|               |  |                                                                                                                                                                        
|3.1            |  | Articles of Incorporation
  (incorporated by reference from our Form SB-1 Registration Statement, filed
  June 8, 2005)                                                
|3.2            |  | Bylaws (incorporated by reference
  from our Form SB-1 Registration Statement, filed June 8, 2005)                                                                     
|10.1           |  | Burnt Basin mineral claims
  (incorporated by reference from our Form SB-1 Registration Statement, filed
  June 8, 2005)                                               
|10.2           |  | Option Agreement to Acquire Burnt
  Basin Mineral Claims (incorporated by reference from our Form SB-1
  Registration Statement, filed June 8, 2005)                   
|10.3           |  | Addendum Agreement (incorporated
  by reference from our Form SB-1 Registration Statement, filed June 8, 2005)                                                         
|10.4           |  | Option Agreement to Acquire Inner
  Mongolia Mineral Claims                                                                                                            
|10.5           |  | Amendment Agreement to Acquire
  Inner Mongolia Mineral Claims                                                                                                         
|21             |  | List of Subsidiaries (incorporated
  by reference from our Form SB-1 Registration Statement, filed June 8, 2005)                                                       
|31.1           |  | Certificate of CEO/CFO as Required
  by Rule 13a-14(a)/15d-14                                                                                                          
|31.2           |  | Certificate of CEO/CFO as Required
  by Rule 13a-14(b) and Rule 15d-14(b) (17 CFR 240.15d-14(b)) and Section 1350
  of Chapter 63 of Title 18 of the United States Code
|32.1           |  | Certificate of CEO as Required by
  Rule 13a-14(b) and Rule 15d-14(b) (17 CFR 240.15d-14(b)) and Section 1350 of
  Chapter 63 of Title 18 of the United States Code    





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SIGNATURES

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



NEWPORT
   GOLD, INC.Date: May
   15, 2007
   /s/ Derek BartlettBy:
   Derek Bartlett, President, CEO, Secretary, and a member
   of the Board of Directors/s/ John ArnoldDate: May 15,
   2007By:
   John Arnold, Treasurer, Acting Chief Financial Officer,
   and
   Principal Accounting Officer




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