**UNITED      STATES SECURITIES AND EXCHANGE COMMISSION**

**Washington,      D.C. 20549**

**FORM      10-QSB**

**Commission      File Number: 333-116324**

**ROTOBLOCK      CORPORATION**

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**PART      I - FINANCIAL INFORMATION**

**ITEM      1. FINANCIAL STATEMENTS**

----

**Rotoblock      Corporation**

**(A      Development Stage Company)**

**31      January 2007**

----

**Rotoblock      Corporation**

**(A      Development Stage Company)**

|                                                                        |   | **As                at 31****January                2007** |   | **As                at 30 April 2006****(Audited)** |
|-----------------------------------------------------------------------------|--------|------------------------------------------------------------|--------|-----------------------------------------------------|
|                                                                        |   | **$**                                                      |   | **$**                                               |
| **Assets**                                                                  |   |                                                       |   |                                                |
|                                                                        |   |                                                       |   |                                                |
| **Current**                                                                 |   |                                                       |   |                                                |
| Cash                and cash equivalents                                    |   | 1,496                                                      |   | 1,884                                               |
| Accounts                receivable                                          |   | 187                                                        |   | 686                                                 |
| Prepaid                expenses                                             |   | 156,526                                                    |   | 266,546                                             |
|                                                                        |   |                                                       |   |                                                |
|                                                                        |   | 158,209                                                    |   | 269,116                                             |
|                                                                        |   |                                                       |   |                                                |
| **Patents**(Note                3)                                          |   | 108,745                                                    |   | 108,745                                             |
|                                                                        |   |                                                       |   |                                                |
|                                                                        |   | 266,954                                                    |   | 377,861                                             |
| **Liabilities**                                                             |   |                                                       |   |                                                |
|                                                                        |   |                                                       |   |                                                |
| **Current**                                                                 |   |                                                       |   |                                                |
| Accounts                payable and accrued liabilities (Note 4)            |   | 27,771                                                     |   | 27,482                                              |
| Due                to related party (Note 6)                                |   | 10,564                                                     |   | 597                                                 |
| Interest                payable                                             |   | 11,705                                                     |   | 11,705                                              |
|                                                                        |   |                                                       |   |                                                |
|                                                                        |   | 50,040                                                     |   | 39,784                                              |
|                                                                        |   |                                                       |   |                                                |
| **Stockholders’                equity**                               |   |                                                       |   |                                                |
| **Capital                stock**                (Note 8)                    |   |                                                       |   |                                                |
| Authorized                                                                  |   |                                                       |   |                                                |
| 75,000,000                common shares, par value $0.001                   |   |                                                       |   |                                                |
| Issued                and outstanding                                       |   |                                                       |   |                                                |
| 31                January 2007 - 30,269,503 common shares, par value $0.001 |   |                                                       |   |                                                |
| 30                April 2006 - 28,617,338 common shares, par value $0.001   |   | 30,269                                                     |   | 28,617                                              |
| **Additional                paid-in capital**                               |   | 4,187,712                                                  |   | 3,495,746                                           |
| **Accumulated                comprehensive loss**                           |   | (4,253)                                                    |   | (4,253)                                             |
| **Deficit,                accumulated during the development stage**        |   | (3,996,814)                                                |   | (3,182,033)                                         |
|                                                                        |   |                                                       |   |                                                |
|                                                                        |   | 216,914                                                    |   | 338,077                                             |
|                                                                        |   |                                                       |   |                                                |
|                                                                        |   | 266,954                                                    |   | 377,861                                             |

**Nature      and Continuance of Operations **
**Commitments      **
**Subsequent      Event **

**On      behalf of the Board:**

----

**Rotoblock      Corporation**

**(A      Development Stage Company)**

|                                                                                                            |   | **For                the period from the date of inception on 2 September 2003 to 31 January                2007** |   | **For                the three month period ended 31 January****2007** |   | **For                the three month period ended 31 January 2006** |   |    **For                the nine month period ended 31 January 2007** |   |    **For                the nine month period ended 31 January 2006** |
|-----------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------------------------------|--------|---------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------|
|                                                                                                            |   | **$**                                                                                                              |   | **$**                                                                  |   | **$**                                                               |   | **$**                                                                                |   | **$**                                                                                |
|                                                                                                            |   |                                                                                                               |   |                                                                   |   |                                                                |   |                                                                                 |   |                                                                                 |
| **Expenses**                                                                                                    |   |                                                                                                               |   |                                                                   |   |                                                                |   |                                                                                 |   |                                                                                 |
| General                and administrative (Schedule 1)                                                          |   | 3,809,602                                                                                                          |   | 557,484                                                                |   | 388,702                                                             |   | 814,781                                                                              |   | 2,495,415                                                                            |
|                                                                                                            |   |                                                                                                               |   |                                                                   |   |                                                                |   |                                                                                 |   |                                                                                 |
| **Net                loss before other items**                                                                  |   | (3,809,602)                                                                                                        |   | (557,484)                                                              |   | (388,702)                                                           |   | (814,781)                                                                            |   | (2,495,415)                                                                          |
|                                                                                                            |   |                                                                                                               |   |                                                                   |   |                                                                |   |                                                                                 |   |                                                                                 |
| **Other                items**                                                                                  |   |                                                                                                               |   |                                                                   |   |                                                                |   |                                                                                 |   |                                                                                 |
| Excess                of consideration over net assets purchased from Rotoblock Inc. (Note                1)    |   | (138)                                                                                                              |   | -                                                                      |   | -                                                                   |   | -                                                                                    |   | -                                                                                    |
| Write-off                of property and equipment                                                              |   | (9,870)                                                                                                            |   | -                                                                      |   | -                                                                   |   | -                                                                                    |   | (9,893)                                                                              |
| Write-off                of related party receivable                                                            |   | (177,204)                                                                                                          |   | -                                                                      |   | -                                                                   |   | -                                                                                    |   | -                                                                                    |
|                                                                                                            |   |                                                                                                               |   |                                                                   |   |                                                                |   |                                                                                 |   |                                                                                 |
| **Loss                for the period**                                                                          |   | (3,996,814)                                                                                                        |   | (557,484)                                                              |   | (388,702)                                                           |   | (814,781)                                                                            |   | (2,505,308)                                                                          |
|                                                                                                            |   |                                                                                                               |   |                                                                   |   |                                                                |   |                                                                                 |   |                                                                                 |
| **Basic                and diluted loss per common share**                                                      |   |                                                                                                               |   | (0.02)                                                                 |   | (0.01)                                                              |   | (0.03)                                                                               |   | (0.09)                                                                               |
|                                                                                                            |   |                                                                                                               |   |                                                                   |   |                                                                |   |                                                                                 |   |                                                                                 |
|  **Weighted                average number of common shares used in per share                calculations** |   |                                                                                                               |   | 29,807,422                                                             |   | 28,363,802                                                          |   | 29,177,017                                                                           |   | 2,505,308                                                                            |
|                                                                                                            |   |                                                                                                               |   |                                                                   |   |                                                                |   |                                                                                 |   |                                                                                 |
| **Comprehensive                loss**                                                                           |   |                                                                                                               |   |                                                                   |   |                                                                |   |                                                                                 |   |                                                                                 |
| Loss                for the period                                                                              |   | (3,996,814)                                                                                                        |   | (557,484)                                                              |   | (388,702)                                                           |   | (814,781)                                                                            |   | (2,505,308)                                                                          |
| Foreign                currency translation adjustment                                                          |   | (4,253)                                                                                                            |   | (7)                                                                    |   | 2,219                                                               |   | -                                                                                    |   | (1,876)                                                                              |
|                                                                                                            |   |                                                                                                               |   |                                                                   |   |                                                                |   |                                                                                 |   |                                                                                 |
| **Comprehensive                loss**                                                                           |   | (4,001,067)                                                                                                        |   | (557,491)                                                              |   | (386,483)                                                           |   | (814,781)                                                                            |   | (2,507,184)                                                                          |
|                                                                                                            |   |                                                                                                               |   |                                                                   |   |                                                                |   |                                                                                 |   |                                                                                 |
| **Comprehensive                loss per common share**                                                          |   |                                                                                                               |   | (0.02)                                                                 |   | (0.01)                                                              |   | (0.03)                                                                               |   | (0.09)                                                                               |

----

**Rotoblock      Corporation**

**(A      Development Stage Company)**

|                                                                                  | **For                the period from the date of inception on 2 September 2003 to****31                January 2007** | **For                the**** ****nine**** ****month period ended****31                January 2007** | **For                the**** ****nine**** ****month                period ended****31                January****2006** |
|---------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------|
|                                                                                  |                                                                                                                  | **$**                                                                                                          |                                                                                                                             | **$** |   | **$** |
|                                                                                  |                                                                                                                  |                                                                                                           |                                                                                                                             |   |   |   |
| **Cash                flows from operating activities**                               |                                                                                                                  |                                                                                                           |                                                                                                                             |   |   |   |
| Loss                for the period                                                    |                                                                                                                  | (3,996,814)                                                                                                    |                                                                                                                             | (814,781) |   | (2,505,308) |
| Adjustments                to reconcile loss to net cash used by operating activities |                                                                                                                  |                                                                                                           |                                                                                                                             |   |   |   |
| Contributions                to capital by related party - expenses (Notes 7 and 11)  |                                                                                                                  | 75,000                                                                                                         |                                                                                                                             | 75,000 |   | - |
| Depreciation                                                                          |                                                                                                                  | 3,968                                                                                                          |                                                                                                                             | - |   | 1,021 |
| Non-cash                interest                                                      |                                                                                                                  | 11,705                                                                                                         |                                                                                                                             | - |   | - |
| Shares                issued for services (Notes 7, 8 and 11)                         |                                                                                                                  | 778,627                                                                                                        |                                                                                                                             | 289,927 |   | 435,728 |
| Stock-based                compensation (Notes 8 and 11)                              |                                                                                                                  | 2,315,888                                                                                                      |                                                                                                                             | 414,711 |   | 1,901,177 |
| Write-off                of property and equipment                                    |                                                                                                                  | 9,870                                                                                                          |                                                                                                                             | - |   | 9,893 |
| Write-off                of related party receivable (Notes 7, 8 and 11)              |                                                                                                                  | 177,204                                                                                                        |                                                                                                                             | - |   | - |
| Changes                in operating assets and liabilities                            |                                                                                                                  |                                                                                                           |                                                                                                                             |   |   |   |
| (Increase)                decrease in accounts receivable                             |                                                                                                                  | (187)                                                                                                          |                                                                                                                             | 499 |   | 6,703 |
| (Increase)                decrease in prepaid expenses                                |                                                                                                                  | (1,369)                                                                                                        |                                                                                                                             | - |   | 10,450 |
| Increase                in accounts payable and accrued liabilities                   |                                                                                                                  | 27,771                                                                                                         |                                                                                                                             | 289 |   | 5,308 |
|                                                                                  |                                                                                                                  |                                                                                                           |                                                                                                                             |   |   |   |
|                                                                                  |                                                                                                                  | (598,337)                                                                                                      |                                                                                                                             | (34,355) |   | (135,028) |
|                                                                                  |                                                                                                                  |                                                                                                           |                                                                                                                             |   |   |   |
| **Cash                flows from investing activities**                               |                                                                                                                  |                                                                                                           |                                                                                                                             |   |   |   |
| Purchase                of equipment                                                  |                                                                                                                  | (13,838)                                                                                                       |                                                                                                                             | - |   | - |
| Purchase                of patents                                                    |                                                                                                                  | (108,745)                                                                                                      |                                                                                                                             | - |   | - |
|                                                                                  |                                                                                                                  |                                                                                                           |                                                                                                                             |   |   |   |
|                                                                                  |                                                                                                                  | (122,583)                                                                                                      |                                                                                                                             | - |   | - |
| **Cash                flows from financing activities**                               |                                                                                                                  |                                                                                                           |                                                                                                                             |   |   |   |
| Common                shares issued for cash                                          |                                                                                                                  | 706,105                                                                                                        |                                                                                                                             | 24,000 |   | 125,441 |
| Warrants                exercised                                                     |                                                                                                                  | 10,000                                                                                                         |                                                                                                                             | - |   | - |
| Deposits                received in advance                                           |                                                                                                                  | -                                                                                                              |                                                                                                                             | - |   | 15,000 |
| Advances                payable                                                       |                                                                                                                  | -                                                                                                              |                                                                                                                             | - |   | 1,704 |
| Increase                (decrease) in due to related party                            |                                                                                                                  | 10,564                                                                                                         |                                                                                                                             | 9,967 |   | (34,585) |
|                                                                                  |                                                                                                                  |                                                                                                           |                                                                                                                             |   |   |   |
|                                                                                  |                                                                                                                  | 726,669                                                                                                        |                                                                                                                             | 33,967 |   | 107,560 |
|                                                                                  |                                                                                                                  |                                                                                                           |                                                                                                                             |   |   |   |
| **Foreign                exchange effect on cash**                                    |                                                                                                                  | (4,253)                                                                                                        |                                                                                                                             | - |   | (1,876) |
|                                                                                  |                                                                                                                  |                                                                                                           |                                                                                                                             |   |   |   |
| **Increase                (decrease) in cash and cash equivalents**                   |                                                                                                                  | 1,496                                                                                                          |                                                                                                                             | (388) |   | (29,344) |
|                                                                                  |                                                                                                                  |                                                                                                           |                                                                                                                             |   |   |   |
| **Cash                and cash equivalents, beginning of period**                     |                                                                                                                  | -                                                                                                              |                                                                                                                             | 1,884 |   | 51,860 |
|                                                                                  |                                                                                                                  |                                                                                                           |                                                                                                                             |   |   |   |
| **Cash                and cash equivalents, end of period**                           |                                                                                                                  | 1,496                                                                                                          |                                                                                                                             | 1,496 |   | 22,516 |

**Supplemental      Disclosures with Respect to Cash Flows **

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**Rotoblock      Corporation**

**(A      Development Stage Company)**

|                                                                                                                                                       | **Number                of shares issued** | **Capital****stock** | **Additional                Paid-in capital** | **Accumulated                comprehensive loss** | **Deficit                accumulated during the development stage** | **Stockholders’                equity** |
|------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------|----------------------|-----------------------------------------------|---------------------------------------------------|---------------------------------------------------------------------|-----------------------------------------------|
|                                                                                                                                                       |                                       |                 |                                          | **$**                                             |                                                                | **$**                                         |   | **$** |   | **$** |   | **$** |
|                                                                                                                                                       |                                       |                 |                                          |                                              |                                                                |                                          |   |   |   |   |   |   |
| **Balance                at 2 September 2003**                                                                                                             |                                       |                 |                                          |                                              |                                                                |                                          |   |   |   |   |   |   |
| Shares                issued for cash                                                                                                                      |                                       | 7,000,000            |                                          | -                                                 |                                                                | 534                                           |   | - |   | - |   | 534 |
| Shares                issued for cash                                                                                                                      |                                       | 200,000              |                                          | -                                                 |                                                                | 38,130                                        |   | - |   | - |   | 38,130 |
| Adjustment                to number of shares issued as a result of the acquisition of net                assets of                Rotoblock Inc. (Note 1) |                                       | (7,200,000)          |                                          | -                                                 |                                                                | -                                             |   | - |   | - |   | - |
| Shares                issued in connection with the acquisition of net assets of Rotoblock                Inc.                (Note 1)                     |                                       | 15,000,000           |                                          | 15,000                                            |                                                                | (15,000)                                      |   | - |   | - |   | - |
| Excess                of consideration over net assets purchased from Rotoblock Inc. (Note                1)                                               |                                       | -                    |                                          | -                                                 |                                                                | -                                             |   | - |   | (138) |   | (138) |
| Foreign                currency translation adjustment                                                                                                     |                                       | -                    |                                          | -                                                 |                                                                | -                                             |   | (1,918) |   | - |   | (1,918) |
| Net                loss for the period                                                                                                                     |                                       | -                    |                                          | -                                                 |                                                                | -                                             |   | - |   | (108,443) |   | (108,443) |
|                                                                                                                                                       |                                       |                 |                                          |                                              |                                                                |                                          |   |   |   |   |   |   |
| **Balance                at 30 April 2004**                                                                                                                |                                       | 15,000,000           |                                          | 15,000                                            |                                                                | 23,664                                        |   | (1,918) |   | (108,581) |   | (71,835) |
| Shares                issued for cash ($0.05 per share)                                                                                                    |                                       | 10,000,000           |                                          | 10,000                                            |                                                                | 490,000                                       |   | - |   | - |   | 500,000 |
| Foreign                currency translation adjustment                                                                                                     |                                       | -                    |                                          | -                                                 |                                                                | -                                             |   | (1,385) |   | - |   | (1,385) |
| Net                loss for the year                                                                                                                       |                                       | -                    |                                          | -                                                 |                                                                | -                                             |   | - |   | (306,193) |   | (306,193) |
|                                                                                                                                                       |                                       |                 |                                          |                                              |                                                                |                                          |   |   |   |   |   |   |
| **Balance                at 30 April 2005**                                                                                                                |                                       | 25,000,000           |                                          | 25,000                                            |                                                                | 513,664                                       |   | (3,303) |   | (414,774) |   | 120,587 |
| Shares                issued for cash ($0.26 per share) (Note 8)                                                                                           |                                       | 548,160              |                                          | 548                                               |                                                                | 142,893                                       |   | - |   | - |   | 143,441 |
| Shares                issued for services rendered ($0.31 per share) (Note 8)                                                                              |                                       | 2,418,130            |                                          | 2,418                                             |                                                                | 751,459                                       |   | - |   | - |   | 753,877 |
| Shares                issued for inventory ($0.29 per share) (Note 8)                                                                                      |                                       | 611,048              |                                          | 611                                               |                                                                | 176,593                                       |   | - |   | - |   | 177,204 |
| Warrants                exercised ($0.25 per share) (Note 8)                                                                                               |                                       | 40,000               |                                          | 40                                                |                                                                | 9,960                                         |   | - |   | - |   | 10,000 |
| Stock-based                compensation (Note 8)                                                                                                           |                                       | -                    |                                          | -                                                 |                                                                | 1,901,177                                     |   | - |   | - |   | 1,901,177 |
| Foreign                currency translation adjustment                                                                                                     |                                       | -                    |                                          | -                                                 |                                                                | -                                             |   | (950) |   | - |   | (950) |
| Net                loss for the year                                                                                                                       |                                       | -                    |                                          | -                                                 |                                                                | -                                             |   | - |   | (2,767,259) |   | (2,767,259) |
|                                                                                                                                                       |                                       |                 |                                          |                                              |                                                                |                                          |   |   |   |   |   |   |
| **Balance                at 30 April 2006**                                                                                                                |                                       | 28,617,338           |                                          | 28,617                                            |                                                                | 3,495,746                                     |   | (4,253) |   | (3,182,033) |   | 338,077 |
| Shares                issued for cash ($0.21 per share) (Note 8)                                                                                           |                                       | 114,286              |                                          | 114                                               |                                                                | 23,886                                        |   | - |   | - |   | 24,000 |
| Shares                issued for services rendered (Note 8)                                                                                                |                                       | 1,537,879            |                                          | 1,538                                             |                                                                | 178,369                                       |   | - |   | - |   | 179,907 |
| Contribution                to capital by related parties - services (Notes 7 and 11)                                                                      |                                       | -                    |                                          | -                                                 |                                                                | 75,000                                        |   | - |   | - |   | 75,000 |
| Stock-based                compensation (Note 8)                                                                                                           |                                       | -                    |                                          | -                                                 |                                                                | 414,711                                       |   | - |   | - |   | 414,711 |
| Foreign                currency translation adjustment                                                                                                     |                                       | -                    |                                          | -                                                 |                                                                | -                                             |   | - |   | - |   | - |
| Net                loss for the period                                                                                                                     |                                       | -                    |                                          | -                                                 |                                                                | -                                             |   | - |   | (814,781) |   | (814,781) |
|                                                                                                                                                       |                                       |                 |                                          |                                              |                                                                |                                          |   |   |   |   |   |   |
| **Balance                at 31 January 2007**                                                                                                              |                                       | 30,269,503           |                                          | 30,269                                            |                                                                | 4,187,712                                     |   | (4,253) |   | (3,996,814) |   | 216,914 |

----

**Rotoblock      Corporation**

**(A      Development Stage Company)**

|                                                        | **For                the period from the date of inception on 2 September 2003 to****31                January 2007** | **For                the three month period ended 31 January 2007** | **For                the three month period ended 31 January 2006** | **For                the nine month period ended 31 January 2007** | **For                the nine month period ended 31 January 2006** |
|-------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------|---------------------------------------------------------------------|--------------------------------------------------------------------|--------------------------------------------------------------------|
|                                                        |                                                                                                                  | **$**                                                               |                                                                | **$**                                                              |                                                               | **$** |   | **$** |   | **$** |
|                                                        |                                                                                                                  |                                                                |                                                                |                                                               |                                                               |   |   |   |   |   |
| Consulting                fees (Notes 7 and 11)             |                                                                                                                  | 444,926                                                             |                                                                | 36,183                                                             |                                                               | (106,301) |   | 99,409 |   | 323,947 |
| Depreciation                                                |                                                                                                                  | 3,968                                                               |                                                                | -                                                                  |                                                               | - |   | - |   | 1,021 |
| Foreign                exchange (gain) loss                 |                                                                                                                  | 1,545                                                               |                                                                | -                                                                  |                                                               | (1,633) |   | 195 |   | (460) |
| Interest                                                    |                                                                                                                  | 15,638                                                              |                                                                | 175                                                                |                                                               | 349 |   | 434 |   | 887 |
| Investor                relations                           |                                                                                                                  | 143,878                                                             |                                                                | -                                                                  |                                                               | 26,340 |   | 45,358 |   | 72,894 |
| Listing,                filing and transfer agent fees      |                                                                                                                  | 27,468                                                              |                                                                | 1,810                                                              |                                                               | 1,770 |   | 6,179 |   | 5,789 |
| Management                fees (Notes 7 and 11)             |                                                                                                                  | 75,000                                                              |                                                                | 25,000                                                             |                                                               | - |   | 75,000 |   | - |
| Office                and sundry                            |                                                                                                                  | 42,061                                                              |                                                                | 191                                                                |                                                               | 4,412 |   | 4,346 |   | 15,359 |
| Professional                fees                            |                                                                                                                  | 196,042                                                             |                                                                | 55,019                                                             |                                                               | 25,275 |   | 74,174 |   | 60,997 |
| Public                relations and shareholder information |                                                                                                                  | 109,567                                                             |                                                                | 9,006                                                              |                                                               | 22,636 |   | 65,337 |   | 26,718 |
| Rent                                                        |                                                                                                                  | 79,205                                                              |                                                                | 15,389                                                             |                                                               | 6,528 |   | 27,861 |   | 17,373 |
| Research                and development                     |                                                                                                                  | 314,258                                                             |                                                                | -                                                                  |                                                               | 5,327 |   | 420 |   | 52,879 |
| Stock-based                compensation                     |                                                                                                                  | 2,315,888                                                           |                                                                | 414,711                                                            |                                                               | 397,815 |   | 414,711 |   | 1,901,177 |
| Travel                and entertainment                     |                                                                                                                  | 40,158                                                              |                                                                | -                                                                  |                                                               | 6,184 |   | 1,357 |   | 16,834 |
|                                                        |                                                                                                                  |                                                                |                                                                |                                                               |                                                               |   |   |   |   |   |
|                                                        |                                                                                                                  | 3,809,602                                                           |                                                                | 557,484                                                            |                                                               | 388,702 |   | 814,781 |   | 2,495,415 |

----

**Rotoblock      Corporation**

**(A      Development Stage Company)**

**31      January      2007                                                                                                                                                                                                                                                                                                     **

**1.      Nature and Continuance of Operations**

*Accounting      and Reporting by Development Stage Enterprises*

----

**Rotoblock      Corporation**

**(A      Development Stage Company)**

**31      January      2007                                                                                                                                                                                                                                                                                           **

| **1.  ** | **Significant                Accounting Policies** |
|--------------------|----------------------------------------------------|

**Basis      of presentation**

**Basis      of consolidation**

**Fiscal      period**

----

**Rotoblock      Corporation**

**(A      Development Stage Company)**

**31      January      2007                                                                                                                                                                                                                                                                                                     **

**Risks      and uncertainties **

**Cash      and cash equivalents**

**Financial      instruments**

**Concentrations      and credit risk**

**Derivative      financial instruments**

**Income      taxes**

*Accounting      for Income Taxes*

----

**Rotoblock      Corporation**

**(A      Development Stage Company)**

**31      January      2007                                                                                                                                                                                                                                                                                                  **

**Basic      and diluted net loss per share**

*Earnings      per Share*

**Comprehensive      loss**

*Reporting      Comprehensive Income*

**Long      lived assets**

*Accounting      for the Impairment or Disposal of Long-Lived Assets*

**Segments      of an enterprise and related information**

*Disclosures      about Segments of an Enterprise and Related Information*
*Financial      Reporting for Segments of a Business Enterprise*

----

**Rotoblock      Corporation**

**(A      Development Stage Company)**

**31      January      2007                                                                                                                                                                                                                                                                                                   **

**Foreign      currency translation**

*Foreign      Currency Translation*

**Stock-based      compensation**

*Share-Based      Payment*
*Accounting      for Stock Issued to Employees,*
*Accounting      for Stock-Based Compensation.*
*Accounting      for Equity Instruments That Are Issued to Other Than Employees for Acquiring,      or      in Conjunction with Selling, Goods or Services*

**Research      and development**

**Patents**

*Goodwill      and Other Intangible Assets*
*Accounting      for the Impairment of Long-Lived Assets*

----

**Rotoblock        Corporation**

**(A        Development Stage Company)**

**31        January        2007                                                                                                                                                                                                                                                                                           **

**    Use        of        estimates**

**Recent      accounting pronouncements**

*Accounting      for Servicing of Financial Assets*

*Accounting      for Certain Hybrid Financial Instruments*
*Accounting      for Derivative Instruments and Hedging Activities*
*Accounting      for Transfers and Servicing of Financial Assets and Extinguishments of      Liabilities*

----

**Rotoblock        Corporation**

**(A        Development Stage Company)**

**31        January        2007                                                                                                                                                                                                                                                                                           **

**Comparative      figures**

| **2.  ** | **Patents** |
|--------------------|-------------|

----

**Rotoblock        Corporation**

**(A        Development Stage Company)**

**31        January        2007                                                                                                                                                                                                                                                                                           **

|                                    |   | **Balance                at 31 January 2007** |   | **Balance                at 30 April 2006** |
|-----------------------------------------|--------|-----------------------------------------------|--------|---------------------------------------------|
|                                    |   | **$**                                         |   | **$**                                       |
| Patent                costs to date     |   | 108,745                                       |   | 108,745                                     |
| Accumulated                depreciation |   | -                                             |   | -                                           |
|                                    |   |                                          |   |                                        |
|                                    |   | 108,745                                       |   | 108,745                                     |

| **3.  ** | **Accounts                Payable and Accrued Liabilities**  |
|--------------------|-------------------------------------------------------------------|

| **4.  ** | **Joint                Venture Agreements** |
|--------------------|---------------------------------------------|

| i)   | keep                the OPE patents in good standing and ensure that maintenance fees                are paid                in a timely manner (Note 3); and |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ii)   | exercise                the Option for all patents on or before 31 May 2007 or negotiate                an                extension. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------|

----

**Rotoblock        Corporation**

**(A        Development Stage Company)**

**31        January        2007                                                                                                                                                                                                                                                                                           **

| **5.  ** | **Due                to Related Part****y** |
|--------------------|---------------------------------------------|

| **6.  ** | **Related                Party Transactions**** ** |
|--------------------|---------------------------------------------------------|

| **7.  ** | **Capital                Stock**** ** |
|--------------------|--------------------------------------------|

| i.   | During                the year ended 30 April 2004, the Company issued 15,000,000 common                shares                pursuant to the acquisition of the net assets of Rotoblock Inc. (Note                1).                Theses shares are restricted from trading as defined in Rule 144                of the                United States Securities Act of                1933. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**Rotoblock        Corporation**

**(A        Development Stage Company)**

**31        January        2007                                                                                                                                                                                                                                                                                           **

| ii.   | During                the year ended 30 April 2005, the Company issued 10,000,000 units                at a                price of $0.05 per unit. Each unit consists of one common share and                one-half common share purchase warrant. Each whole common share purchase                warrant entitles the holder to purchase an additional common share                at a                price of $0.50 per share for a period of two years from the date                of                offering. As at 31 January 2007, none of the share purchase warrants                in                this series remain outstanding. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| iii.   | During                the year ended 30 April 2006, the Company issued 548,160 common shares                valued at prices in the range of $0.14 and $0.36 per share for total                cash                proceeds of $143,411. |
|------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| iv.   | During                the year ended 30 April 2006, the Company issued 40,000 common shares                at a                price of $0.25 per share upon the exercise of previously outstanding                share                purchase warrants. As at 31 January 2007, 2,960,000 share purchase                warrants in this series remain                outstanding. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| v.   | During                the year ended 30 April 2006, the Company issued 611,048 common shares                valued at a price of $0.29 per share for the acquisition of inventory                (Note 7). |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| vi.   | During                the year ended 30 April 2006, the Company issued 2,418,130 common                shares                for services valued at $753,877. Of this amount, $202,064 was expensed                during the period ended 31 January 2007 (31 January 2006 - $435,728;                Cumulative - $690,764) and the remaining $63,113 was classified as                prepaid                expense which will be expensed as the services are received in subsequent                periods. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| vii.   | During                the nine month period ended 31 January 2007, the Company issued 33,333                common shares for legal services valued at $5,000. Of this amount,                $2,992                was expensed during the period, and the remaining $2,008 was classified                as                prepaid expense which will be expensed as the legal services are                received                in subsequent periods. |
|------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| viii.   | During                the nine month period ended 31 January 2007, the Company issued 57,820                common shares valued at $5,782. Of this amount, $5,782 was expensed                during                the period. |
|-------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ix.   | During                the nine month period ended 31 January 2007, the Company issued 69,000                common shares valued at $6,210. Of this amount, $6,210 was expensed                during                the period. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| x.   | During                the nine month period ended 31 January 2007, the Company issued 114,286                restricted common shares at a price of $0.21 per share. These shares                are                restricted from trading for a period of one year as defined by Rule                144 of                the United States Securities Act of                1933. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| xi.   | During                the nine month period ended 31 January 2007, the Company issued 24,513                common shares at a price of $0.19 per share for consulting                services. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| xii.   | During                the nine month period ended 31 January 2007, the Company issued 150,000                common shares at a price of $0.19 per share for marketing                services. |
|------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| xiii.   | During                the nine month period ended 31 January 2007, the Company issued 75,000                common shares at a price of $0.10 per share for consulting services. |
|-------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**Rotoblock        Corporation**

**(A        Development Stage Company)**

**31        January        2007                                                                                                                                                                                                                                                                                           **

| xiv.   | During                the nine month period ended 31 January 2007, the Company issued 800,000                common shares at a price of $0.12 per share for public relations                services.                Of this amount, $16,833 was expensed during the period, and the remaining                $79,167 was classified as prepaid expense which will be expensed                as the                legal services are received in subsequent                periods. |
|------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| xv.   | During                the nine month period ended 31 January 2007, the Company issued 192,363                common shares valued at $15,389. Of this amount, $15,389 was expensed                during the period. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| xvi.   | During                the nine month period ended 31 January 2007, the Company issued 135,850                common shares valued at $10,868. Of this amount, $Nil was expensed                during                the period. |
|------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| xvii.   | During                the nine month period ended 31 January 2007, the Company issued 2,500,000                share purchase warrants to officer and directors of the Company with                fair                value of $219,824. Each share purchase warrant entitles the holder                to                purchase an additional common share at a price of $0.15 up to 7 December                2011. |
|-------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| xviii.   | During                the nine month period ended 31 January 2007, the Company recognized                stock                compensation expense of $78,061 on the amendment of the expiry date                of                2,000,000 warrants issued on 11 August 2005 to 11 August                2009. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| xix.   | During                the nine month period ended 31 January 2007, the Company recognized                stock                compensation expense of $116,825 on the amendment of the expiry date                of                3,000,000 warrants issued on 24 August 2005 to 24 August                2009. |
|------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**Rotoblock        Corporation**

**(A        Development Stage Company)**

**31        January        2007                                                                                                                                                                                                                                                                                           **

| **Date                Issued**   |   | **Number****of                shares** |   | **Price** |   | **Price****per                share** | **Service**                       |
|----------------------------------|--------|----------------------------------------|--------|-----------|--------|---------------------------------------|-----------------------------------|
|                             |   |                                   |   | **$**     |   | **$**                                 |                              |
| 24                August 2005    |   | 250,000                                |   | 95,000    |   | 0.38                                  | Consulting*                       |
| 24                August 2005    |   | 25,000                                 |   | 9,500     |   | 0.38                                  | Computer                and IT    |
| 24                August 2005    |   | 50,000                                 |   | 19,000    |   | 0.38                                  | Public                relations   |
| 24                August 2005    |   | 25,000                                 |   | 9,500     |   | 0.38                                  | Investor                relations |
| 24                August 2005    |   | 300,000                                |   | 114,000   |   | 0.38                                  | Legal                             |
| 24                August 2005    |   | 250,000                                |   | 95,000    |   | 0.38                                  | Consulting*                       |
| 24                August 2005    |   | 25,000                                 |   | 9,500     |   | 0.38                                  | Accounting                        |
| 28                September 2005 |   | 104,171                                |   | 29,168    |   | 0.28                                  | Investor                relations |
| 29                September 2005 |   | 100,000                                |   | 25,000    |   | 0.25                                  | Consulting                        |
| 29                September 2005 |   | 150,000                                |   | 37,500    |   | 0.25                                  | Consulting*                       |
| 27                October 2005   |   | 327,586                                |   | 95,000    |   | 0.29                                  | Investor                relations |
| 28                October 2005   |   | 99,360                                 |   | 24,840    |   | 0.25                                  | Rent                              |
| 1                November 2005   |   | 50,000                                 |   | 14,000    |   | 0.28                                  | Public                relations   |
| 1                November 2005   |   | 125,000                                |   | 35,000    |   | 0.28                                  | Consulting                        |
| 2                November 2005   |   | 80,000                                 |   | 23,200    |   | 0.29                                  | Consulting                        |
| 14                November 2005  |   | 100,000                                |   | 50,000    |   | 0.50                                  | Printing                          |
| 12                January 2006   |   | 250,000                                |   | 37,500    |   | 0.15                                  | Consulting                        |
| 12                January 2006   |   | 16,667                                 |   | 2,500     |   | 0.15                                  | Legal                             |
| 25                January 2006   |   | 68,287                                 |   | 21,169    |   | 0.31                                  | Commission                bonus   |
| 7                February 2006   |   | 22,059                                 |   | 7,500     |   | 0.34                                  | Consulting                        |
| 28                June 2006      |   | 24,513                                 |   | 4,658     |   | 0.19                                  | Consulting                        |
| 29                June 2006      |   | 150,000                                |   | 28,500    |   | 0.19                                  | Investor                relations |
| 9                August 2006     |   | 33,333                                 |   | 5,000     |   | 0.15                                  | Legal                             |
| 3                October 2006    |   | 57,820                                 |   | 5,782     |   | 0.10                                  | Consulting                        |
| 19                October 2006   |   | 69,000                                 |   | 6,210     |   | 0.09                                  | Consulting                        |
| 10                November 2006  |   | 75,000                                 |   | 7,500     |   | 0.10                                  | Public                relations   |
| 29                November 2006  |   | 800,000                                |   | 96,000    |   | 0.12                                  | Public                relations   |
| 22                December 2006  |   | 192,363                                |   | 15,389    |   | 0.08                                  | Rent                              |
| 2                January 2007    |   | 135,850                                |   | 10,868    |   | 0.08                                  | Consulting                        |
|                             |   |                                   |   |      |   |                                  |                              |
| Total                            |   | 3,956,009                              |   | 933,784   |   |                                  |                              |

***Common      shares issued for services from related parties.**

----

**Rotoblock        Corporation**

**(A        Development Stage Company)**

**31        January        2007                                                                                                                                                                                                                                                                                           **

**Share      Purchase Warrants**

|     |   | **Exercise                price** |   | **Number****of                warrants** |   | **Remaining****contractual                life (years)** |
|----------|--------|-----------------------------------|--------|------------------------------------------|--------|----------------------------------------------------------|
|     |   | **$**                             |   |                                     |   |                                                     |
|     |   |                              |   |                                     |   |                                                     |
| Warrants |   | 0.50                              |   | 2,000,000                                |   | 0.53                                                     |
| Warrants |   | 0.50                              |   | 1,125,000                                |   | 0.56                                                     |
| Warrants |   | 0.50                              |   | 3,000,000                                |   | 0.56                                                     |
| Warrants |   | 0.50                              |   | 250,000                                  |   | 0.66                                                     |
| Warrants |   | 0.50                              |   | 1,154                                    |   | 0.83                                                     |
| Warrants |   | 0.50                              |   | 125,000                                  |   | 0.85                                                     |
| Warrants |   | 0.50                              |   | 1,006                                    |   | 0.90                                                     |
| Warrants |   | 0.25                              |   | 2,960,000                                |   | 3.95                                                     |
| Warrants |   | 0.15                              |   | 2,500,000                                |   | 3.95                                                     |
|     |   |                              |   |                                     |   |                                                     |
|     |   |                              |   | 11,962,160                               |   |                                                     |

|                                                                                                                                            |   | **Number                of warrants** |   | **Weighted                average exercise price** |
|-------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------|--------|----------------------------------------------------|
|                                                                                                                                            |   |                                  |   | **$**                                              |
|                                                                                                                                            |   |                                  |   |                                               |
| Outstanding                and exercisable at 1 April 2005                                                                                      |   | 5,000,000                             |   | 0.50                                               |
|                                                                                                                                            |   |                                  |   |                                               |
| Granted                                                                                                                                         |   | 9,502,160                             |   | 0.50                                               |
| Exercised                                                                                                                                       |   | -                                     |   | -                                                  |
| Expired                                                                                                                                         |   | -                                     |   | -                                                  |
|                                                                                                                                            |   |                                  |   |                                               |
| Outstanding                and exercisable at 31 January 2006                                                                                   |   | 14,502,160                            |   | 0.50                                               |
|                                                                                                                                            |   |                                  |   |                                               |
| Weighted                average fair value of warrants granted during the nine month period                ended                31 January 2006 |   |                                  |   | 0.23                                               |
|                                                                                                                                            |   |                                  |   |                                               |
|                                                                                                                                            |   |                                  |   |                                               |
|                                                                                                                                            |   |                                  |   |                                               |
|                                                                                                                                            |   |                                  |   |                                               |

----

**Rotoblock        Corporation**

**(A        Development Stage Company)**

**31        January        2007                                                                                                                                                                                                                                                                                           **

| Outstanding                and exercisable at 1 April 2006                                                                                      |   | 14,462,160  |   | 0.45   |
|-------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------|--------|--------|
|                                                                                                                                            |   |        |   |   |
| Granted                                                                                                                                         |   | 2,500,000   |   | 0.15   |
| Exercised                                                                                                                                       |   | -           |   | -      |
| Expired                                                                                                                                         |   | (5,000,000) |   | 0.50   |
|                                                                                                                                            |   |        |   |   |
| Outstanding                and exercisable at 31 January 2007                                                                                   |   | 11,962,160  |   | 0.45   |
|                                                                                                                                            |   |        |   |   |
| Weighted                average fair value of warrants granted during the nine month period                ended                31 January 2007 |   |        |   | 0.09   |

|                                   |   |   |   | **As                at 31****January****2007** |   | **As                at 31****January****2006** |
|----------------------------------------|--------|--------|--------|------------------------------------------------|--------|------------------------------------------------|
|                                   |   |   |   |                                           |   |                                           |
| Risk                free interest rate |   |   |   | 4.04                - 4.82 %                   |   | 4.04                - 4.42%                    |
| Expected                life           |   |   |   | 2.0                - 5.0 years                 |   | 2.0                - 5.0 years                 |
| Annualized                volatility   |   |   |   | 117                - 141%                      |   | 134                - 141%                      |
| Expected                dividends      |   |   |   | -                                              |   | -                                              |

**Restricted      Common Shares**

| **8.  ** | **Income                Taxes** |
|--------------------|---------------------------------|

----

**Rotoblock        Corporation**

**(A        Development Stage Company)**

**31        January        2007                                                                                                                                                                                                                                                                                           **

|                                                                |   | **For                the nine month period ended 31 January 2007** |   | **For                the nine month period ended 31 January 2006** |
|---------------------------------------------------------------------|--------|--------------------------------------------------------------------|--------|--------------------------------------------------------------------|
|                                                                |   | **$**                                                              |   | **$**                                                              |
|                                                                |   |                                                               |   |                                                               |
| Deferred                tax asset attributable to:                  |   |                                                               |   |                                                               |
| Current                operations                                   |   | 269,105                                                            |   | 319,000                                                            |
| Contributions                to capital by related party - expenses |   | (24,750)                                                           |   | -                                                                  |
| Stock-based                compensation                             |   | (136,855)                                                          |   | -                                                                  |
| Less:                Change in valuation allowance                  |   | (107,500)                                                          |   | (319,000)                                                          |
|                                                                |   |                                                               |   |                                                               |
| Net                refundable amount                                |   | -                                                                  |   | -                                                                  |

|                                             |   | **As                at 31 January 2007** |   | **As                at 30 April 2006****(Audited)** |
|--------------------------------------------------|--------|------------------------------------------|--------|-----------------------------------------------------|
|                                             |   | **$**                                    |   | **$**                                               |
|                                             |   |                                     |   |                                                |
| Net                operating loss carry forward  |   | 1,605,926                                |   | 854,378                                             |
|                                             |   |                                     |   |                                                |
| Statutory                federal income tax rate |   | 33%                                      |   | 33%                                                 |
| Effective                income tax rate         |   | 0%                                       |   | 0%                                                  |
|                                             |   |                                     |   |                                                |
| Deferred                tax asset                |   | 538,945                                  |   | 414,158                                             |
| Less:                Valuation allowance         |   | (538,945)                                |   | (414,158)                                           |
|                                             |   |                                     |   |                                                |
| Net                deferred tax asset            |   | -                                        |   | -                                                   |

----

**Rotoblock        Corporation**

**(A        Development Stage Company)**

**31        January        2007                                                                                                                                                                                                                                                                                           **

**10.**
**Commitments**

| i.   | The                Company has outstanding commitments with respect to the License Agreement                (Note 5). |
|----------------|-----------------------------------------------------------------------------------------------------------------------|

| ii.   | On                10 November 2006 the Company entered into an agreement with Econ                Corporate                Services, Inc. for consulting services. The Company is committed                to issues                shares equivalent to $2,500 US Funds on a quarterly basis for a period                of                one year effective on the date of the                agreement. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**11.**
**Supplemental      Disclosure with Respect to Cash Flows**
** **

|                                                      |   | **For                the period from the date of inception on 2 September 2003 to****31                January 2007** |   | **For                the nine month period ended****31                January 2007** |   | **For                the nine month period ended****31                January 2006** |
|-----------------------------------------------------------|--------|-----------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------|
|                                                      |   | **$**                                                                                                                 |   | **$**                                                                                |   | **$**                                                                                |
|                                                      |   |                                                                                                                  |   |                                                                                 |   |                                                                                 |
| Cash                paid during the year for interest     |   | 11,362                                                                                                                |   | -                                                                                    |   | 200                                                                                  |
| Cash                paid during the year for income taxes |   | -                                                                                                                     |   | -                                                                                    |   | -                                                                                    |

----

**Rotoblock        Corporation**

**(A        Development Stage Company)**

**31        January        2007                                                                                                                                                                                                                                                                                           **

----

**Rotoblock        Corporation**

**(A        Development Stage Company)**

**31        January        2007                                                                                                                                                                                                                                                                                           **

**12.**
**Subsequent      Event**

----

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

***Results      of Operations***

|                                   |   |   |   | **As                at 31****January****2007** |   | **As                at 31****January****2006** |
|----------------------------------------|--------|--------|--------|------------------------------------------------|--------|------------------------------------------------|
|                                   |   |   |   |                                           |   |                                           |
| Risk                free interest rate |   |   |   | 4.04                - 4.82 %                   |   | 4.04                - 4.42%                    |
| Expected                life           |   |   |   | 2.0                - 5.0 years                 |   | 2.0-5.0                years                   |
| Annualized                volatility   |   |   |   | 117                - 141%                      |   | 134                - 141%                      |
| Expected                dividends      |   |   |   | -                                              |   | -                                              |

----

***Liquidity      and Capital Resources***

***Plan      of Operation***

*      (“Agreement”)*
*      (“Obvio!”)*

----

***Critical      Accounting Policies***

**ITEM      3. CONTROLS AND PROCEDURES**

**PART      II - OTHER INFORMATION**

**TEM      6. EXHIBITS AND REPORTS ON FORM 8-K**

----

**SIGNATURES**

**                    Rotoblock      Corporation**

----