----

|           OMB APPROVAL                                                                                                                                                             |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| OMB Number:                      3235-0416                                                                             |
| Expires:                           April 30, 2010                                             |
| Estimated average  burden   hours per response:          182                   |

**UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWASHINGTON, D.C. 20549**

**FORM 10-QSB**

| **(Mark One)**                                                      |
|---------------------------------------------------------------------|
|                                                                     | **X** |  | QUARTERLY REPORT UNDER SECTION 13 OR 15(d)  OF THE SECURITIES EXCHANGE ACT OF 1934 |
|                                                                     |  |  | For the  quarter period ended **June 30, 2008** |
|                                                                     |  |  |  |
|                                                                     |  |  | TRANSITION REPORT UNDER SECTION 13 OR 15(d)  OF THE SECURITIES EXCHANGE ACT OF 1934 |
|                                                                     |  |  | For the  transition period from___________ to __________ |
|                                                                     |  |  | Commission  file number **333-115550** |
| **NEWPORT GOLD, INC.**                                              |
| (Name of  small business issuer as specified in its charter)        |
| **NEVADA**                                                          |  | **N/A** |
| (State or other jurisdiction of  incorporation or organization)     |  | (I.R.S.  Employer Identification No.) |
|                                                                     |
| **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. |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                 | Yes | **X** |  | No |  |
|                                                                                                                                                                                                                                                                                                                 |
| Indicate  by check mark whether the registrant is a shell company (as defined in Rule  12b-2 of the Exchange Act).                                                                                                                                                                                              |
|                                                                                                                                                                                                                                                                                                                 | Yes | **X** |  | No |  |
|                                                                                                                                                                                                                                                                                                                 |
| State  the number of shares outstanding of each of the issuer’s classes of  common equity, as of the latest practicable date.                                                                                                                                                                             |
|                                                                                                                                                                                                                                                                                                                 | **20,386,500 common shares issued  and outstanding as of August 18, 2008** |
|                                                                                                                                                                                                                                                                                                                 |
| Transitional  Small Business Disclosure Format (Check one):                                                                                                                                                                                                                                                     | Yes |  |  | No | **X** |
|                                                                                                                                                                                                                                                                                                                 |  |  |  |  |  |  |

i

----

**Newport Gold, Inc.**

**INDEX**

 

**  **Page No.PART 1 - FINANCIALINFORMATION
5 ITEM 1.  FINANCIAL STATEMENTS
5 ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION
15  Forward Looking Information
15  Our Proposed Plan of Operation
15  Off-balance sheet arrangements
17  Revenues
17  Expenses
17  Liquidity and Capital Resources Liquidity
17 ITEM 3: CONTROLS AND PROCEDURES
18(a) Evaluation of DisclosureControls and Procedures
18  (b) Internal control overfinancial reporting
18Changes in Internal Controls
19 ITEM 3A(T): CONTROLS AND PROCEDURES
19PARTII - OTHER INFORMATION
19 ITEM 1. LEGAL PROCEEDINGS
19ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
19  Unregistered Sales of Equity Securities  19Use of Proceeds  19 ITEM 3. DEFAULTS UPON SENIOR SECURITIES  19ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS  19 ITEM 5. OTHER INFORMATION
19 ITEM 6.  EXHIBITS20  Exhibits20 SIGNATURES
21****
ii
****
**PART 1 - FINANCIAL INFORMATION******

**ITEM 1.  FINANCIAL STATEMENTS******

The information in this report for the Threeand Six months ended June 30, 2008, 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, resultsof operations, changes in stockholders' equity and cash flows for the period.

The condensed consolidated financialstatements should be read in conjunction with Newport's financial statementsand the notes thereto contained in Newport's Audited Financial Statements forthe year ended December 31, 2007, in the Form 10KSB and filed with the SEC onApril 15, 2008.

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

3
****
**NEWPORT GOLD, INC.  (An Exploration Stage Company)  Condensed Consolidated Balance Sheets  (US Dollars)** ** **** ****June 30  2008****(Unaudited)****December 31  2007  (Audited)**      ** Assets**** Current**** Cash**** $                  2,119**** $             59,071**** Prepaid expenses****                    9,729**** ****                 9,304**** ****                  11,848****               68,375**** Resource Properties**(note  3)**             2,338,271****          2,251,434**** Equipment****                    2,350**** ****                 3,102**** **** Total Assets**
** $           2,352,469**** **** $       2,322,911**** **** Liabilities**** Current****   Accounts payable and  accrued liabilities**** $              231,590**** $           236,659****   Due to related  parties (note 4)****                326,098**** ****             193,578**** ****                557,688****             430,237****   Loan payable**(note  5)**                302,000**** ****             300,000**** **** Total Liabilities****                859,688**** ****             730,237**** ****Stockholders' Equity****Capital Stock****    Authorized     100,000,000 Common shares  par value of $0.001 per share****    Issued and  outstanding      20,386,500  (2007 -18,186,500) Common shares****                     20,386****                  18,186****    Additional paid-in  capital****             2,800,164****         2,619,364**** Other Comprehensive Income****                  90,423****             152,943**** Deficit****           (1,418,192)**** ****        (1,197,819)**** **** Total Stockholders'  Equity****             1,492,781**** ****         1, 592,674**** **** Total Liabilities and  Stockholders' Equity**** $           2,352,469**** **** $        2,322,911**** **See notes to condensed consolidated financial statements.
4

**NEWPORT GOLD, INC.  (An Exploration Stage Company)  Condensed Consolidated Statement of Operations  (US Dollars)**

**Six Months Ended June 30,**

**Three Months Ended June 30,**

**Cumulative Period    from July 16, 2003    (inception)   Through June 30**
 
**2008**
**2007** 
**2008** 
**2007**
**2008**
** Expenses**

   Geological consulting fees (note 7)

 $          120,844 

$      

121,655 

$

       69,247 

$

     101,200 

$

    594,512 

   Consulting

                           0  

0

                    0 

0

         110,000 

   Accounting  and legal

                  55,980 

             35,279 

           40,632 

           25,816 

         289,411 

   Office and  travel

                  (2,743)

               6,304 

           (9,724)

             4,929 

           89,425 

   Investor  relations (note 7)

                       890 

0

                890 

0

         115,415 

Expenditures on resource properties

                  39,328 

0

                    0 

0

        187,793  

   Filing and  transfer agent fees

                    5,504 

               2,626 

             1,629 

             1,981 

           28,677 

   Foreign  exchange loss (gain)

                           0  

0

                    0 

0

               (128)

   Amortization

                       570

                   508 

                299 

                254 

              3,088

** Net  Loss**

               220,373

           166,372 

       102,973

       134,180 

     1,418,192 

** Other Comprehensive Loss (Gain)**

                  62,520 

           (30,009)

(18,416) 

         (27,352)

          (90,423)

** Total Comprehensive Loss**

 $          282,893 

 $

       136,363 

 $

     84,557

 $

     106,828 

 $

  1,327,769 

** Loss per share**

$              (0.01)
$
              (0.01)
$
           (0.00)
$
           (0.01)

** Weighted Average Number of Common**

**    Shares Outstanding**

          19,131,555 

    15,118,646 

  19,812,874 

  15,161,813 

See notes to condensed consolidated financial statements.

5

 

 

**NEWPORT GOLD, INC.  (An Exploration Stage Company)  Condensed Consolidated Statements of  Stockholders' Equity  Period from July 16, 2003 (Inception)  through June 30, 2008  (US Dollars)**

Accumulated

Deficit

Total

Additional

Share

Other

During 

Stockholders’

Par

Paid-in

Subscriptions

Comprehensive

Exploration

Equity

Shares

Value

Capital

Received

Income  (Loss)

Stage

(Deficit)

(note 3(e))

(note 3(e))

Share  subscriptions

    - cash

0

$        0

$        0

$   93,150

$             0

$               0

$     93,150

    - property

0

0

0

22,500

0

0

22,500

Foreign  currency

  translation 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  currency

    translation 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)

(257,641)

(146,524)

Share  subscriptions

    - cash

0

0

0

144,000

0

0

144,000

Foreign  currency

    translation 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)

Common  shares issued

    for cash (note 8(b))

4,200,000

4,200

271,800

0

0

0

276,000

Common  shares issued

    for mining claims

    (note 8(b))

2,500,000

2,500

247,500

0

0

0

250,000

Common shares  issued

    for share subscriptions

8,375,000

8,375

251,275

(259,650)

0

0

0

Foreign  currency

    translation adjustment

0

0

0

0

577

0

577

Net  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

See notes to condensed consolidated financialstatements.

6
****
**NEWPORT GOLD, INC.(An Exploration Stage Company)Condensed Consolidated Statements ofStockholders' Equity (Continued)Period from July 16, 2003 (Inception)through June 30, 2008(US Dollars)**

Accumulated

Deficit

Total

Additional

Share

Other

During 

Stockholders’

Par

Paid-in

Subscriptions

Comprehensive

Exploration

Equity

Shares

Value

Capital

Received

Income  (Loss)

Stage

(Deficit)

(note 3(e))

(note 3(e))

Balance,

    December 31, 2006

15,075,000

$ 15,075

$770,575

$            0

$   (6,432)

$    (690,179)

$     89,039

Common  shares issued

    for mining claims

3,111,500

3,111

1,848,789

0

0

0

1,851,900

Foreign  currency

    translation adjustment

0

0

0

0

159,375

0

159,375

Net  loss

0

0

0

0

0

(507,640)

(507,640)

Balance,

    December 31, 2007

18,186,500

$18,186

$2,619,364

$            0

$ 152,943

$ (1,197,819)

$ 1,592,674

Common  shares issued

    for mining claims

2,200,000

2,200

180,800

0

0

0

183,000

Foreign  currency

    translation adjustment

0

0

0

0

(62,520)

0

(62,520)

Net  loss

0

0

0

0

0

(220,373)

(220,373)

Balance,

    June 30, 2008

20,386,500

$20,386

$2,800,164

$            0

$ 90,423

$ (1,418,192)

$ 1,492,781

See notes to condensed consolidated financial statements.

7

**NEWPORT GOLD, INC.(An Exploration Stage Company)Condensed Consolidated Statementsof Cash Flows(US Dollars)**

**Cumulative  Period  from July 16,  2003  (Inception)  Through  June 30, 2008**

**Six Months Ended June 30,**

**2008**

**2007**

**Operating Activities**

   Net  loss

$

(220,373)

$

(166,372)

$

(1,418,192)

   Items  not involving cash

       Amortization

570

508

3,088

       Shares  issued for property agreement  extension         

33,000

0

80,611

(186,803)

(165,864)

(1,334,493)

   Changes  in operating assets

       Prepaid  expenses

(683)

(8,816)

(9,245)

       Accounts  payable and accrued liabilities

1,680

108,295

210,942

       Due  to related parties

139,475

(17,216)

297,592

140,472

82,263

499,289

**Cash Used in Operating  Activities**

(46,331)

(83,601)

(835,204)

**Investing Activities**

   Purchase  of equipment

0

0

(5,034)

   Acquisition  of resource property

0

0

(12,364)

**Cash Used in Investing  Activities**

0

0

(17,398)

**Financing Activities**

   Loan  payable

7,574

0

284,473

   Common  shares issued

0

0

276,000

   Subscriptions  received (note 8)

0

0

237,150

**Cash Provided by Financing  Activities**

7,574

0

797,623

**Inflow (Outflow) of Cash**

(38,757)

(83,601)

(54,979)

**Effect of Exchange Rate Change  on**

   **Cash Balance Held in Foreign Currency**

(18,195)

35,466

57,098

**Cash, Beginning of Year**

59,071

129,366

0

**Cash, End of Year**

$

2,119

$

81,231

$

2,119

**Non-Cash Financing Activity**

**  **Common stock issued for properties

$

150,000

$

45,000

$

2,372,325

See notes to condensed consolidated financial statements.

8

**NEWPORT GOLD, INC.(An Exploration Stage Company)Notes to Condensed Consolidated Financial StatementsSix Months Ended June 30, 2008 and 2007 and the Period from July 16,2003 (Inception) to June 30, 2008(US Dollars)(Unaudited)**

**1.         OPERATIONSAND BASIS OF PRESENTATION **

       TheCompany was incorporated under the laws of Nevada on July 16, 2003, and is involved inthe acquisition, exploration and development of mineral and energy properties.The Company is currently evaluating opportunities both in the mineral sectorand otherwise. The Company is in the exploration stage and follows theprovisions of Statement No. 7 of the Financial Accounting Standards Board(“FASB”). 

       Thesecondensed consolidated financial statements include the accounts of the Companyand its wholly-owned Canadian subsidiary, 2038052 Ontario Inc., incorporatedunder the laws of the province of Ontario, Canada. All inter-companytransactions and balances have been eliminated.

**2.         GOING-CONCERN**

These condensedconsolidated financial statements have been prepared in accordance withaccounting principles generally accepted in the United States of America on agoing-concern basis. This presumes funds will be available to finance on-goingdevelopment, operations and capital expenditures and the realization of assetsand the payment of liabilities in the normal course of operations for theforeseeable future.

 

9
****
**NEWPORT GOLD, INC.(An Exploration Stage Company)Notes to Condensed Consolidated Financial StatementsSix Months Ended June 30, 2008 and 2007 and the Period from July 16,2003 (Inception) to June 30, 2008(US Dollars)(Unaudited) **

**2.         GOING-CONCERN** (Continued) 

The general business strategy of theCompany is to explore and research an existing mineral property and topotentially acquire further claims either directly or through the acquisitionof operating entities. The continued operations of the Company depends upon therecoverability of mineral property reserves, confirmation of theCompany’s interest in the underlying mineral claims, the ability of theCompany to obtain necessary financing to complete the development of theseclaims and upon the future profitable production of the claims. Managementintends to raise additional capital through share issuances to financeoperations and invest in the resource properties as described in note 3. 

The Company has a working capitaldeficit of $545,840 (December 31, 2007 - $371,166), has accumulated lossesduring the exploration stage of $1,418,192 (December 31, 2007 - $1,197,819),has not generated any operating revenue to date, and has no capital resourcespresently available to meet obligations, which normally can be expected to beincurred by similar companies. These factors raise substantial doubt about theCompany’s ability to continue as a going-concern, which is dependent onthe Company’s ability to obtain and maintain an appropriate level offinancing on a timely basis and to achieve sufficient cash flows to coverobligations and expenses. The outcome of the above matters cannot be predictedat this time. These financial statements do not give effect to any adjustmentsto the amounts and classifications of assets and liabilities, which might benecessary should the Company be unable to continue as a going-concern.

**3.         RESOURCEPROPERTIES **

(a)           OnJune 18, 2003, the Company entered into an option agreement to acquire ninemineral claims consisting of 47 units, each unit consisting of approximately 25hectares, title to which is held by an unrecorded warranty deed. The mineralclaims are located 25 kilometres northeast of the city of Grand Forks, British Columbia, Canada, known as the Burnt Basinmineral claims numbered 393541, 393542, and 393681 to 393687. The optionagreement is subject to an underlying agreement dated July 29, 2002 between theproperty owners and the optionor. 

Underthe terms of the option agreement, the Company can acquire a 100% undividedinterest 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 (issued). The Companyalso had to incur exploration expenses totaling $243,000 (Cdn $250,000) (paid) overa three-year period, ending June 18, 2006 (extended to June 18, 2008).

Thefirst NSR consists of a 1% NSR payable to the property owner capped at $245,000(Cdn $250,000), that will be provided by making annual $9,800 (Cdn $10,000)prepaid NSR payments beginning in September, 2003, $42,816 (Cdn $50,000) paidto December 31, 2007). A further 1% NSR is payable to the optionor. One-half ofthe latter 1% NSR may be bought out for the sum of $491,000 (Cdn $500,000).

Todate, the Company has not performed any drilling on the property, but hasperformed aerial and ground geophysics , soil sampling , rock sampling andpower trenching. The Company is presently in the pre-exploration state andthere is no assurance that a commercially viable mineral deposit exists in theproperty until further exploration is done and a comprehensive evaluationconcludes economic and legal feasibility. The Company intends to developmineral deposits it finds, or enter into a joint venture with another miningcompany with more experience at that stage of operation.

 

10

**NEWPORT GOLD, INC.(An Exploration Stage Company)Notes to Condensed Consolidated Financial StatementsSix Months Ended June 30, 2008 and 2007 and the Period from July 16,2003 (Inception) to June 30, 2008(US Dollars)(Unaudited) **
**3.         RESOURCEPROPERTIES** (Continued) 

(b)          By an agreement dated November 17, 2006, the Company acquired an optionto earn a 20%

interest of a 50% interest held by the optionors incertain mineral exploration rights located in Inner Mongolia, China. The optionagreement is subject to an underlying agreement dated February 1, 2006 betweenthe vendor and the optionors.

In order to earn its interest in the property, theCompany issued 2,200,000 common shares to the optionors and an additional300,000 common shares to the vendor of the property. 

The common shares were valued by the Company at $0.10 per share. The Companyalso granted a total of 2.2% NSR to the optionors on all metals produced fromthe optionors’ interest in the property. The optionors also granted theCompany a first right of refusal on acquiring the remainder of their 50%interest for a period of one year.

In addition to the 2,200,000common shares issued as noted above, the company must issue an additional500,000 common shares to the vendor by February 1, 2009 and incur $750,000 ofexploration expenditures, $250,000 in the first year (extended toFebruary 1, 2008 in consideration of 100,000 common shares of theCompany, fair valued at $0.45 per share). 

By agreement dated August 7,2007, the Company exercised its option to earn the remaining 30% optioninterest in the property.  In orderto earn the additional 30% option interest in the property, the Company issued3,011,500 common shares to the Optionors. These shares were issued at $0.60 per share, a price determined to befair value.

On January15, 2008, the Company received an extension on completing $500,000 of explorationexpenditures required by February 1, 2008 in its option agreement datedNovember 17, 2006 regarding the Inner Mongolia Property to February 1, 2009 inconsideration for 100,000 shares of the Company.  The 100,000 commonshares were issued at $0.33 per share, a price determined to be fair value.

On January28, 2008, the Company issued 300,000 common shares, at a price of $0.20 pershare, a price determined to be fair value, as required under the optionagreement dated November 17, 2006.

(c)        OnFebruary 26, 2008, the Company acquired 50% of TMBW International ResourcesCorporation's Mac Property, a 331-hectare gold property located approximately55 kilometres southeast of Vernon, British Columbia, for 1,800,000 commonshares of the Company. The Company will also assume all obligations to theoriginal vendors. The Company issued the 1,800,000 shares to TMBW International Resources Corporationat a price of $0.05, a price determined to be fair value.

**4.         RELATEDPARTY TRANSACTIONS **

(i)As of June 30, 2008, the total balance owing for investor relations by the sonof the president of the Company was $48,239 (December 31, 2007 - $48,239). Theamount owed is without interest or stated terms of repayment and is unsecured.

(ii)As of June 30, 2008, the president is owed $277,859 (December 31, 2007 -$145,339), which is included in due to related parties. The amount owed iswithout interest or stated terms of repayment and is unsecured.

 

11

**NEWPORT GOLD, INC.(An Exploration Stage Company)Notes to Condensed Consolidated Financial StatementsSix Months Ended June 30, 2008 and 2007 and the Period from July 16,2003 (Inception) to June 30, 2008(US Dollars)(Unaudited) **

**  4.         RELATEDPARTY TRANSACTIONS (continued)**

Alltransactions with related parties are in the normal course of operations andare measured at the exchanged amount, which is the amount of considerationagreed to between the parties.

**5.         LOANPAYABLE**

The loan is unsecured, without interest or stated terms ofrepayment.

12
**ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS ORPLAN OF OPERATION**
**Forward Looking Information**

This section of the prospectus includes a number of forward- looking statementsthat reflect our current views with respect to future events and financialperformance. Forward-looking statements are often identified by words like:believe, expect, estimate, anticipate, intend, project and similar expressions,or words which, by their nature, refer to future events. You should not placeundue certainty on these forward-looking statements, which apply only as of thedate of this prospectus. These forward-looking statements are subject tocertain risks and uncertainties that could cause actual results to differmaterially from historical results or our predictions.
**Our Proposed Plan of Operation**
***General*********

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

***Plan of Operations*********

***Burnt Basin Property***

Newport has obtained an option to acquire nine mineralclaims consisting of 47 units consiting of approximately 25 hectres (the"Burnt Basin Property"). The mineral claims are located 25 kilometres northeast ofthe city of Grand Forks, British Columbia, Canada.  These mineral claims entitle us to theminerals 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. JohnCarson, should he choose to transfer title to a third party, Newport would lose the mineral claims. Newport entered into theoption agreement with Steve Baran June 18, 2003. Mr. Baran is not related to Newport.

Newport Gold Inc. has now earned a 100% interest in the Burnt Basin  Property, subject to a separate NSRpayment. 

A large number of mineral occurrences occur on the BurntBasin Property, most of which have seen limited or no recent exploration. Theknown showings belong to 3 main styles, including zinc-lead (+/- silver,copper) mineralization in argillaceous limestone, gold-silver quartz veins, andauriferous massive pyrrhotitepyrite mineralization.

Examples of zinc-lead (+/- silver, copper)mineralization include the Eva Bell, Halifax, Ennismore, Hastings, Ajax andBreckle showings. The bulk of the previous exploration on the property,primarily done in the 1960’s and 1970’s, was directed at this typeof mineralization. Detailed geological mapping is needed to determine whichmodel best explains the mineralization, and in particular, whethermineralization has undergone the same degree of deformation as the hostrocks.  This mapping is expected tobe completed through further extensive trenching and rock sampling.  

Significant gold values (in the 15-30 g/t Au range)occur at the Molly Gibson showing. As with the zinc-lead (+/- silver, copper)showings described above, previous workers have classified the Molly Gibsonmineralization as contact metasomatic, or skarn type mineralization. Newportbelieves that a better interpretation is that the mineralization represents adeeper portion of the same mineralizing system as the massive sulfide/oxideshowings. 

13

Several showings were discovered on the Burnt Basinproperty during Newport Gold’s 2007 work program, which were unknown fromprevious work or were referenced in the historic literature but had not beenlocated and sampled during previous work programs. Three significant newdiscoveries in outcrop include the Gold Knoll, Unexpected and Ajax showings. None of these discoveries havebeen tested by trenching or drilling. Follow-up is needed at all of these newdiscoveries, in order to assess their significance.

The 2007 soil geochemical and ground magnetometersurveys were both successful at outlining anomalies which require follow-up. Alarge strong zinc-lead-copper soil anomaly in the Eva Bell-Halifax area rangesfrom 150 to 300 meters in width, and, assuming continuity across the Manitoucrown grant, exceeds 1 kilometer in length. A zinc-lead soil anomaly,approximately 100 by 400 meters in size, occurs in the vicinity of theEnnismore showing. A strong northwest trending mag high anomaly in the Breckle– Upper Eva Bell area is another high priority target for follow-up.

Further work is recommended for the Burnt Basinproperty, to explore for both zinc-lead (+/- silver, copper) mineralization andfor gold mineralization on the property. A two-phase $1,100,000 work program isrecommended. Phase 1 has a budget of $680,000 and includes trench and drillfollow-up to test anomalies resulting from the 2007 exploration program. Inaddition, the Phase 1 program includes extending the 2007 grid to the south andwest, to cover the Hastings, Molly Gibson and Ajax showings, andcompleting soil geochemical and ground magnetometer surveys over these areas.The Phase 2 program will involve follow-up diamond drilling to further testknown showings, and to test any targets resulting from the Phase 1 program.Phase 2 has a budget of $420,000 and is in-part contingent on the results ofthe Phase 1 program.

To achieve our goals and objectives for the next 12months, we plan to raise additional capital through private placements of ourequity securities and, if available on satisfactory terms, debt financing.  If we are unsuccessful in obtaining newcapital, our ability to continue our exploration programs and meet our currentfinancial obligations could be adversely affected.

There are no proven or probably mineral reserves on theBurnt Basin Property at this time.

***Mongolia Property*******

By an agreement dated November 17, 2006, Newport acquired an option toearn a 20%****interest of a 50%interest held by the optionors in certain mineral exploration rights located inInner Mongolia, China the “China Property”).****

During the first quarter of 2008 Newport received a verypreliminary geophysical report on the Tiejiangzie China Property in InnerMongolia, China.  This report wasprepared by Daniel Huang, our consulting geologist.  These results were sent to a Canadian geophysicalcompany  for interpretation.  Newport intends to drill the ChinaProperty this year however the scope and size of the program will be based onthe interpretation from the geophysical data which is not expected to beavailable until September 2008.  

The existing copper gold pit has been mined down in excess of40 feet by local people.  Initialassays from the 2005, 2006 and 2007 field season suggest many copper goldtargets that would be amenable to drilling but these need to be examined inconjunction with the geophysical anomalies in order to systematically pick thebest drilling locations.   Outlining potential mineralization will require very selective drilltargets and several field seasons.  

Noront Bataou, the Canadian foreign subsidiary, wholly ownedby Newport’s joint venture partner in this project, Noront ResourcesLimited, is the company started by Noront and Newport to explore the Chinaproperty.  It is important to notethat the exploration license has been secured until 2010.

14
******
***Mac Gold Property***

On February 26, 2008, Newport acquired 50% of TMBWInternational Resources Corporation's Mac Property, a 331-hectare gold propertylocated approximately 55 kilometres southeast of Vernon, British Columbia, for1,800,000 common shares of Newport. Newport also agreed to assume allobligations to the original vendors. Newport  issued the 1,800,000 shares to TMBWInternational Resources Corporation.

Study and careful examination of past drill intercepts hasdetermined that metallurgical work is necessary before drill targets areselected.  In the early nineties adecline was driven to follow up on some encouraging drill holes.  It has been determined that this declineshould be tested for its metallurgy as the gold mineralization that is presentis refractory.  Newport intends tohave Linda Caron, consulting geologist on the Burnt Basin property, follow upwith a small program of rock sampling 

The Mac Gold Property is readily accessible and does havedecline access to an underground zone which assayed 10m of .42 oz/t gold.  Several consultants that have beencontacted suggest that the mineralization would be amenable to favorablerecoveries using known methods which currently process refractory gold ores. 
**Off-balancesheet arrangements**
As of June 30, 2008, Newport has had no off-balancesheet arrangements.
**Revenues**
REVENUE - Newport has not generated any revenues for thequarter ended June 30, 2008, or since inception.

COMMON STOCK – Newport has issued 1,800,000 commonshares during the most recent quarter. As of the date of June 30, 2008 Newport has 20,386,500 common sharesissued and outstanding.
**Expenses**
EXPENSES - Expenses for the six months ended June 30,2008, was $220,373 as compared to $166,372 for the six months ended June30,2007.

We expect continued increases in expenses during thenext twelve months, as we continue to implement our business plan. We expect theincrease to be primarily exploration related expenses, such as geological consultingfees, and expenditures on resoure properties. 

For the six months ended June 30, 2008, $120,844 in geologicalconsulting fees was incurred as compared to $121,655 incurred in the six monthperiod ended June 30, 2007.  For thesix  month period ended June 30,2008, $39,328 expended on resource properties (nil- June 30, 2007).  For the six month period ended June 30,2008, $55,980 was incurred in legal and accounting fees up from $35,279 havingbeen incurred in the six month period ended June 30, 2007.  The increase in this category wasprimarily related to increases in accounting fees.  

Newport intends to carefully control its expenses andoverall costs as it moves forward with the development of its business plan. 
**Liquidity and CapitalResources Liquidity**
As of June 30, 2008, Newport total cash on hand was $2,119($81,231 – June 30, 2007). Newport had 

15

$859,688 in liabilities ($456,326- June 30, 2007)  of which $326,098 ($193,578- June 30,2007)  is owed due to related partiesand $231,590($262,748- June 30, 2007) is owed for Accounts Payable.

Our cash reserves are not sufficient to meet ourobligations for the next twelve-month period.  We will require additional funding inorder to cover all anticipated administration costs and to proceed with ourproposed exploration program on the Burnt Basin property, estimatedto cost a minimum of $540,000 over the next twelve months.  We do not have any arrangements in placefor any future equity financing and there is no guarantee we will be able toobtain the funding necessary to continue as a going concern.
**ITEM 3: CONTROLS AND PROCEDURES**
**(a) Evaluation ofDisclosure Controls and Procedures******

Based on the management’s evaluation (with the participation ourPresident and Chief Financial Officer), our President and Chief FinancialOfficer have concluded that as of June 30, 2008, the Company’s disclosurecontrols and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under theSecurities Exchange of 1934 (the "Exchange Act") are effective toprovide reasonable assurance that the information required to be disclosed inthis quarterly report on Form 10-QSB is recorded, processed, summarized and reportedwithin the time period specified in Securities and Exchange Commission rulesand forms. and that such information is accumulated and communicated to theCompany’s management, including the Chief Executive Officer and ChiefFinancial Officer, as appropriate, to allow for timely decisions regardingrequired disclosure.
**(b) Internalcontrol over financial reporting******
*Management's annual report on internal control over financial reporting*

Management is responsible for establishing and maintaining adequateinternal control over financial reporting as defined in Rules 13a-15(f) and15d-15(f) under the Exchange Act. Our internal control over financial reportingis intended to provide reasonable assurance regarding the reliability offinancial reporting and the preparation of financial statements for externalpurposes in accordance with U.S. GAAP. Our internal control over financialreporting should include those policies and procedures that:

·     pertain to the maintenance of records that, inreasonable detail, accurately and fairly reflect the transactions anddispositions of our assets;

·     provide reasonable assurance that transactions arerecorded as necessary to permit preparation of financial statements inaccordance with applicable GAAP, and that receipts and expenditures are beingmade only in accordance with authorizations of management and the Board ofDirectors; and

·     provide reasonable assurance regarding prevention ortimely detection of unauthorized acquisition, use or disposition of our assetsthat could have a material effect on the financial statements.

Under the supervision and with the participation of our management, includingour President and Chief Executive Officer, and our Chief Financial Officer, wehave evaluated the effectiveness of our internal control over financialreporting and preparation of our annual financial statements as of December 31,2007 and based upon their evaluation determined our internal controls were noteffective as the issuance of 3,011,500 common shares shares  in August 2007 was not recorded in theSeptember 30, 2007 quarterly financial statements and this oversight was onlydiscovered at the time of the preparation of the audited financialstatements.   Our auditors haveinformed the Company that they considered the matter described above to bematerial weaknesses in the Company's internal controls over financialreporting. The Company has taken corrective action to address the materialweakness identified and  filed anamended Form 10-QSB for the quarter ended September 30, 2007on May 16, 2008.

16
******Changes in Internal Controls**
As stated above, based on the evaluation as of December 31, 2007, by ourPresident and Chief Executive Officer, and our Chief Financial Officer we haveconcluded that there are material weaknesses in our current internal controlswhich we need to take immediate corrective action with regard to certaindeficiencies and material weakness to ensure  the effectivness of  our internal controls going forward inthe future. There were no changes to internal controls of the Company in the secondquarter of 2008.
**ITEM 3A(T): CONTROLS AND PROCEDURES**See Item 3A– Controls and Procedures above.
**PART II - OTHER INFORMATION**

**ITEM 1. LEGAL PROCEEDINGS**

To Newport's knowledge, no lawsuits were commenced against Newportduring the six months ended June 30, 2008, nor did Newport commence anylawsuits during the same period. There are no proceedings in which any of ourdirectors, 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 SALESOF EQUITY SECURITIES AND USE OF PROCEEDS**
**UnregisteredSales of Equity Securities**

On February 26, 2008, the Company acquired 50% of TMBW International ResourcesCorporation’s Mac Property, a 331-hectare gold property locatedapproximately 55 kilometres southeast of Vernon, British Columbia, for1,800,000 common shares of the Company. The Company will also assume allobligations to the original vendors. The Company issued the 1,800,000 shares toTMBW International Resources Corporation on April 30, 2008.

The issuance of  shares in the  transactions noted above was completedpursuant to Rule 903 of Regulation S of the *Securities Act of 1933*  on the basis that the issuance of theshares was completed in an offshore transaction, as defined in Rule 902(h) ofRegulation S with a non U.S. person or entity, as defined in Regulation S, andthe acquirer was not acquiring the shares for the account or benefit of a U.S.person.  All securities issued wereendorsed with a restrictive legend. These shares may not be offered or sold in the United States unless thesecurities are registered under the *SecuritiesAct of 1933* or pursuant to an exemption from the *Securities Act of 1933*.
**Useof Proceeds**
Not Applicable.
**ITEM 3. DEFAULTS UPON SENIORSECURITIES**
Not applicable.
**ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS**
 Not applicable.

17
******ITEM 5. OTHER INFORMATION**
 Not applicable.
**ITEM 6.  EXHIBITS**
 **Exhibits**

The following Exhibits are furnished as part of this Form10-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

Option Agreement to Acquire 20% interest of Certain  Mineral Claims in Inner Mongolia  dated as of November 17,  2006 (incorporated by reference from our Form 10-KSB Annual Report, filed April  15, 2008). 

10.4

Option Agreement to Acquire an additional 30% interest  of Certain Mineral Claims in Inner Mongolia  dated as of  August 7, 2007 (incorporated by reference from our Form 10-KSB Annual Report,  filed April 15, 2008). 

10.5

Extension Agreement to Complete Inner Mongolia  Exploration Expenditures dated as of January 15, 2008 (incorporated by reference from our Form 10-KSB Annual  Report, filed April 15, 2008).

10.6

Acquisition Agreement to Acquire 50% interest of Mac  Property held by TMBW International Resources dated February 26, 2008 (incorporated by reference from our Form 10-KSB Annual  Report, filed April 15, 2008). 

21

List of Subsidiaries (incorporated by reference from our Form SB-1 Registration  Statement, filed June 8, 2005)

31.a

Section 906 Certificate of CEO

31.b

Section 906 Certificate of CFO

32.a

Section 302 Certificate of CEO and  CFO

99.1

Technical Report on the Burnt Basin Property dated  July 18, 2003 (incorporated  by reference from our Form SB-1 Registration Statement, filed June 8, 2005).

18****SIGNATURES**
In accordance withthe requirements of the Exchange Act, the registrant caused this report to besigned on its behalf by the undersigned, thereunto duly authorized.

                                    

**   NEWPORT GOLD, INC.**

 Date: August 19, 2008
/s/ Derek Bartlett 
 By: 

  Derek Bartlett,  President, CEO, Secretary, and a member of the    Board of Directors

Date: August 19, 2008
/s/ John Arnold 
By:

  John Arnold,  Treasurer, Acting Chief Financial Officer, and     Principal Accounting Officer

19******