**UNITED      STATES SECURITIES AND EXCHANGE COMMISSION**

**Washington,      D.C. 20549**

**FORM      10-QSB**

**Commission      File Number: 333-116324**

**ROTOBLOCK      CORPORATION**

----

**ROTOBLOCK        CORPORATION**

**Index**

|                     |                                   | Page   |
|--------------------------|----------------------------------------|--------|
|                     |                                   | Number |
|                     |                                   |   |
| PART                  I. | FINANCIAL                  INFORMATION | 3      |

| Item                  1.                                                                                                                                                                                                                                                     | Financial                  Statements                                        | 3      |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------|--------|
|                                                                                                                                                                                                                                                                         |                                                                         |   |
| Item                  2.                                                                                                                                                                                                                                                     | Management's                  Discussion and Analysis or Plan of Operations  | 28     |
|                                                                                                                                                                                                                                                                         |                                                                         |   |
| Item                  3.                                                                                                                                                                                                                                                     | Controls                  and Procedures                                     | 29     |
|                                                                                                                                                                                                                                                                         |                                                                         |   |
| PART                  II.                                          OTHER INFORMATION                                                                 | 30                                                                           |
|                                                                                                                                                                                                                                                                         |                                                                         |   |
| Item                  1.                                                                                                                                                                                                                                                     | Legal                  Proceedings                                           | 30     |
|                                                                                                                                                                                                                                                                         |                                                                         |   |
| Item                  2.                                                                                                                                                                                                                                                     | Unregistered                  Sales of Equity Securities and Use of Proceeds | 30     |
|                                                                                                                                                                                                                                                                         |                                                                         |   |
| Item                  3.                                                                                                                                                                                                                                                     | Defaults                  Upon Senior Securities                             | 30     |
|                                                                                                                                                                                                                                                                         |                                                                         |   |
| Item                  4.                                                                                                                                                                                                                                                     | Submission                  of Matters to a Vote of Security Holders         | 30     |
|                                                                                                                                                                                                                                                                         |                                                                         |   |
| Item                  5.                                                                                                                                                                                                                                                     | Other                  Information                                           | 31     |
|                                                                                                                                                                                                                                                                         |                                                                         |   |
| Item                  6.                                                                                                                                                                                                                                                     | Exhibits                                                                     | 31     |
|                                                                                                                                                                                                                                                                         |                                                                         |   |
|                                                           SIGNATURES | 31                                                                           |

----

**PART      I - FINANCIAL INFORMATION**

**ITEM      1. FINANCIAL STATEMENTS**

----

**Rotoblock      Corporation**

**(A      Development Stage Company)**

**31      October 2007**

----

**Rotoblock      Corporation**

**(A      Development Stage Company)**

|                                                                        |   | **As                at****31                October****2007****(Unaudited)** |   | **As                at****30                April****2007****(Audited)** |
|-----------------------------------------------------------------------------|--------|------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------|
|                                                                        |   | **$**                                                                        |   | **$**                                                                    |
| **Assets**                                                                  |   |                                                                         |   |                                                                     |
|                                                                        |   |                                                                         |   |                                                                     |
| **Current**                                                                 |   |                                                                         |   |                                                                     |
| Cash                and cash equivalents                                    |   | 948                                                                          |   | 1,482                                                                    |
| Accounts                receivable                                          |   | 212                                                                          |   | 199                                                                      |
| Prepaid                expenses                                             |   | 145,580                                                                      |   | 149,818                                                                  |
|                                                                        |   |                                                                         |   |                                                                     |
|                                                                        |   | 146,740                                                                      |   | 151,499                                                                  |
|                                                                        |   |                                                                         |   |                                                                     |
| **Patents**(Note                3)                                          |   | 108,745                                                                      |   | 108,745                                                                  |
|                                                                        |   |                                                                         |   |                                                                     |
|                                                                        |   | 255,485                                                                      |   | 260,244                                                                  |
| **Liabilities**                                                             |   |                                                                         |   |                                                                     |
|                                                                        |   |                                                                         |   |                                                                     |
| **Current**                                                                 |   |                                                                         |   |                                                                     |
| Accounts                payable and accrued liabilities (Note 4)            |   | 45,613                                                                       |   | 32,675                                                                   |
| Convertible                promissory note payable (Notes 6 and 12)         |   | 10,000                                                                       |   | 10,000                                                                   |
| Due                to related party (Note 8)                                |   | 637                                                                          |   | 598                                                                      |
| Interest                payable (Note 5)                                    |   | 11,705                                                                       |   | 11,705                                                                   |
|                                                                        |   |                                                                         |   |                                                                     |
|                                                                        |   | 67,955                                                                       |   | 54,978                                                                   |
|                                                                        |   |                                                                         |   |                                                                     |
|                                                                        |   |                                                                         |   |                                                                     |
| **Stockholders’                equity**                               |   |                                                                         |   |                                                                     |
| **Capital                stock**                (Note 10)                   |   |                                                                         |   |                                                                     |
| Authorized                                                                  |   |                                                                         |   |                                                                     |
| 75,000,000                common shares, par value $0.001                   |   |                                                                         |   |                                                                     |
| Issued                and outstanding                                       |   |                                                                         |   |                                                                     |
| 31                October 2007 - 33,720,886 common shares, par value $0.001 |   |                                                                         |   |                                                                     |
| 30                April 2007 - 30,440,886 common shares, par value $0.001   |   | 33,720                                                                       |   | 30,440                                                                   |
| **Share                subscriptions receivable**                           |   | (60,000)                                                                     |   | -                                                                        |
| **Additional                paid-in capital**                               |   | 4,427,802                                                                    |   | 4,224,699                                                                |
| **Accumulated                comprehensive loss**                           |   | (4,254)                                                                      |   | (4,258)                                                                  |
| **Deficit,                accumulated during the development stage**        |   | (4,209,738)                                                                  |   | (4,045,615)                                                              |
|                                                                        |   |                                                                         |   |                                                                     |
|                                                                        |   | 187,530                                                                      |   | 205,266                                                                  |
|                                                                        |   |                                                                         |   |                                                                     |
|                                                                        |   | 255,485                                                                      |   | 260,244                                                                  |

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

**On      behalf of the Board:**

**/s/      **

----

**Rotoblock      Corporation**

**(A      Development Stage Company)**

|                                                                                                            |   | **For                the period from the date of inception on 2 September 2003 to 31 October                2007** |   | **For                the three month period ended 31 October 2007** |   | **For                the three month period ended 31 October 2006** |   |    **For                the six month period ended 31 October 2007** |   |    **For                the six month period ended 31 October 2006** |
|-----------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------|--------|---------------------------------------------------------------------|--------|-------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------------------------|
|                                                                                                            |   | **$**                                                                                                              |   | **$**                                                               |   | **$**                                                               |   | **$**                                                                               |   | **$**                                                                               |
|                                                                                                            |   |                                                                                                               |   |                                                                |   |                                                                |   |                                                                                |   |                                                                                |
| **Expenses**                                                                                                    |   |                                                                                                               |   |                                                                |   |                                                                |   |                                                                                |   |                                                                                |
| General                and administrative (Schedule 1)                                                          |   | 4,037,526                                                                                                          |   | 98,489                                                              |   | 117,802                                                             |   |  164,123                                                                       |   |  257,297                                                                       |
|                                                                                                            |   |                                                                                                               |   |                                                                |   |                                                                |   |                                                                                |   |                                                                                |
| **Net                loss before other items**                                                                  |   | (4,037,526)                                                                                                        |   | (98,489)                                                            |   | (117,802)                                                           |   | (164,123)                                                                           |   | (257,297)                                                                           |
|                                                                                                            |   |                                                                                                               |   |                                                                |   |                                                                |   |                                                                                |   |                                                                                |
| **Other                items**                                                                                  |   |                                                                                                               |   |                                                                |   |                                                                |   |                                                                                |   |                                                                                |
| Excess                of consideration over net assets purchased from Rotoblock Inc. (Note                1)    |   | (138)                                                                                                              |   | -                                                                   |   | -                                                                   |   |   -                                                                       |   |   -                                                                       |
| Write-off                of property and equipment                                                              |   | (9,870)                                                                                                            |   | -                                                                   |   | -                                                                   |   |  -                                                                             |   |  -                                                                             |
| Write-off                of related party receivable (Note 9 and 13)                                            |   | (162,204)                                                                                                          |   | -                                                                   |   | -                                                                   |   |  -                                                                             |   |  -                                                                             |
|                                                                                                            |   |                                                                                                               |   |                                                                |   |                                                                |   |                                                                                |   |                                                                                |
| **Loss                for the period**                                                                          |   | (4,209,738)                                                                                                        |   | (98,489)                                                            |   | (117,802)                                                           |   | (164,123)                                                                           |   | (257,297)                                                                           |
|                                                                                                            |   |                                                                                                               |   |                                                                |   |                                                                |   |                                                                                |   |                                                                                |
| **Basic                and diluted loss per common share**                                                      |   |                                                                                                               |   | (0.003)                                                             |   | (0.004)                                                             |   |   (0.005)                                                                 |   |   (0.009)                                                                 |
|                                                                                                            |   |                                                                                                               |   |                                                                |   |                                                                |   |                                                                                |   |                                                                                |
|  **Weighted                average number of common shares used in per share                calculations** |   |                                                                                                               |   | 33,659,431                                                          |   | 28,945,209                                                          |   |    31,202,339                                                        |   |    28,857,720                                                        |
|                                                                                                            |   |                                                                                                               |   |                                                                |   |                                                                |   |                                                                                |   |                                                                                |
| **Comprehensive                loss**                                                                           |   |                                                                                                               |   |                                                                |   |                                                                |   |                                                                                |   |                                                                                |
| Loss                for the period                                                                              |   | (4,209,738)                                                                                                        |   | (98,489)                                                            |   | (117,802)                                                           |   | (164,123)                                                                           |   | (257,297)                                                                           |
| Foreign                currency translation adjustment                                                          |   | (4,254)                                                                                                            |   | 8                                                                   |   | 7                                                                   |   |  4                                                                             |   |  7                                                                             |
|                                                                                                            |   |                                                                                                               |   |                                                                |   |                                                                |   |                                                                                |   |                                                                                |
| **Comprehensive                loss**                                                                           |   | (4,213,992)                                                                                                        |   | (98,481)                                                            |   | (117,795)                                                           |   | (164,119)                                                                           |   | (257,290)                                                                           |
|                                                                                                            |   |                                                                                                               |   |                                                                |   |                                                                |   |                                                                                |   |                                                                                |
| **Comprehensive                loss per common share**                                                          |   |                                                                                                               |   | (0.003)                                                             |   | (0.004)                                                             |   |  (0.005)                                                                       |   |  (0.009)                                                                       |

----

**Rotoblock      Corporation**

**(A      Development Stage Company)**

|                                                                                  | **For                the period from the date of inception on 2 September 2003 to****31                October 2007** | **For                the**** ****six**** ****month period ended****31                October 2007** | **For                the****six****month                period ended****31                October****2006** |
|---------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------|
|                                                                                  |                                                                                                                  | **$**                                                                                                         |                                                                                                        | **$** |   | **$** |
|                                                                                  |                                                                                                                  |                                                                                                          |                                                                                                        |   |   |   |
| **Cash                flows from operating activities**                               |                                                                                                                  |                                                                                                          |                                                                                                        |   |   |   |
| Loss                for the period                                                    |                                                                                                                  | (4,209,738)                                                                                                   |                                                                                                        | (164,123) |   | (257,297) |
| Adjustments                to reconcile loss to net cash used by operating activities |                                                                                                                  |                                                                                                          |                                                                                                        |   |   |   |
| Contributions                to capital by related party - expenses (Notes 9 and 13)  |                                                                                                                  | 150,000                                                                                                       |                                                                                                        | 50,000 |   | 50,000 |
| Depreciation                                                                          |                                                                                                                  | 3,968                                                                                                         |                                                                                                        | - |   | - |
| Non-cash                interest                                                      |                                                                                                                  | 11,705                                                                                                        |                                                                                                        | - |   | - |
| Shares                issued for services (Notes 9, 10 and 13)                        |                                                                                                                  | 873,360                                                                                                       |                                                                                                        | 77,238 |   | 184,356 |
| Stock-based                compensation (Notes 10 and 13)                             |                                                                                                                  | 2,321,271                                                                                                     |                                                                                                        | 5,383 |   | - |
| Write-off                of property and equipment                                    |                                                                                                                  | 9,870                                                                                                         |                                                                                                        | - |   | - |
| Write-off                of related party receivable (Notes 9, 10 and 13)             |                                                                                                                  | 177,204                                                                                                       |                                                                                                        | - |   | - |
| Changes                in operating assets and liabilities                            |                                                                                                                  |                                                                                                          |                                                                                                        |   |   |   |
| (Increase)                decrease in accounts receivable                             |                                                                                                                  | (212)                                                                                                         |                                                                                                        | (13) |   | 488 |
| Increase                in accounts payable and accrued liabilities                   |                                                                                                                  | 45,615                                                                                                        |                                                                                                        | 12,938 |   | 788 |
|                                                                                  |                                                                                                                  |                                                                                                          |                                                                                                        |   |   |   |
|                                                                                  |                                                                                                                  | (616,957)                                                                                                     |                                                                                                        | (18,577) |   | (21,665) |
|                                                                                  |                                                                                                                  |                                                                                                          |                                                                                                        |   |   |   |
| **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 (Note 10)                                |                                                                                                                  | 724,105                                                                                                       |                                                                                                        | 18,000 |   | 24,000 |
| Warrants                exercised                                                     |                                                                                                                  | 10,000                                                                                                        |                                                                                                        | - |   | - |
| Convertible                promissory note payable                                    |                                                                                                                  | 10,000                                                                                                        |                                                                                                        | - |   | - |
| Increase                in due to related party                                       |                                                                                                                  | 637                                                                                                           |                                                                                                        | 39 |   | - |
|                                                                                  |                                                                                                                  |                                                                                                          |                                                                                                        |   |   |   |
|                                                                                  |                                                                                                                  | 744,742                                                                                                       |                                                                                                        | 18,039 |   | 24,000 |
|                                                                                  |                                                                                                                  |                                                                                                          |                                                                                                        |   |   |   |
| **Foreign                exchange effect on cash**                                    |                                                                                                                  | (4,254)                                                                                                       |                                                                                                        | 4 |   | 7 |
|                                                                                  |                                                                                                                  |                                                                                                          |                                                                                                        |   |   |   |
| **Increase                (decrease) in cash and cash equivalents**                   |                                                                                                                  | 948                                                                                                           |                                                                                                        | (534) |   | 2,342 |
|                                                                                  |                                                                                                                  |                                                                                                          |                                                                                                        |   |   |   |
| **Cash                and cash equivalents, beginning of period**                     |                                                                                                                  | -                                                                                                             |                                                                                                        | 1,482 |   | 1,884 |
|                                                                                  |                                                                                                                  |                                                                                                          |                                                                                                        |   |   |   |
| **Cash                and cash equivalents, end of period**                           |                                                                                                                  | 948                                                                                                           |                                                                                                        | 948 |   | 4,226 |

**Supplemental      Disclosures with Respect to Cash Flows **

----

**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 10)                                                                                          |                                       | 548,160              |                                          | 548                                               |                                                                | 142,893                                       |   | - |   | - |   | 143,441 |
| Shares                issued for services rendered ($0.31 per share) (Note 10)                                                                             |                                       | 2,418,130            |                                          | 2,418                                             |                                                                | 751,459                                       |   | - |   | - |   | 753,877 |
| Shares                issued for inventory ($0.29 per share) (Note 10)                                                                                     |                                       | 611,048              |                                          | 611                                               |                                                                | 176,593                                       |   | - |   | - |   | 177,204 |
| Warrants                exercised ($0.25 per share) (Note 10)                                                                                              |                                       | 40,000               |                                          | 40                                                |                                                                | 9,960                                         |   | - |   | - |   | 10,000 |
| Stock-based                compensation (Note 10)                                                                                                          |                                       | -                    |                                          | -                                                 |                                                                | 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 10)                                                                                          |                                       | 114,286              |                                          | 114                                               |                                                                | 23,886                                        |   | - |   | - |   | 24,000 |
| Shares                issued for services rendered (Note 10)                                                                                               |                                       | 1,709,262            |                                          | 1,709                                             |                                                                | 190,356                                       |   | - |   | - |   | 192,065 |
| Contribution                to capital by related parties - services (Notes 9 and 13)                                                                      |                                       | -                    |                                          | -                                                 |                                                                | 100,000                                       |   | - |   | - |   | 100,000 |
| Stock-based                compensation (Note 10)                                                                                                          |                                       | -                    |                                          | -                                                 |                                                                | 414,711                                       |   | - |   | - |   | 414,711 |
| Foreign                currency translation adjustment                                                                                                     |                                       | -                    |                                          | -                                                 |                                                                | -                                             |   | (5) |   | - |   | (5) |
| Net                loss for the year                                                                                                                       |                                       | -                    |                                          | -                                                 |                                                                | -                                             |   | - |   | (863,582) |   | (863,582) |
|                                                                                                                                                       |                                       |                 |                                          |                                              |                                                                |                                          |   |   |   |   |   |   |
| **Balance                at 30 April 2007**                                                                                                                |                                       | 30,440,886           |                                          | 30,440                                            |                                                                | 4,224,699                                     |   | (4,258) |   | (4,045,615) |   | 205,266 |
|                                                                                                                                                       |                                       |                 |                                          |                                              |                                                                |                                          |   |   |   |   |   |   |

----

**Rotoblock      Corporation**

**(A      Development Stage Company)**

*      Cont’d*

|                                                                                  |
|---------------------------------------------------------------------------------------|
|                                                                                  | **Number                of shares issued** | **Capital****Stock** | **Additional                Paid-in capital** | **Accumulated                comprehensive loss** | **Deficit                accumulated during the development stage** | **Stockholders’                equity** |
|                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| **Balance                at 30 April 2007**                                           |   | 30,440,886 |   | 30,440 |   | 4,224,699 |   | (4,258) |   | (4,045,615) |   | 205,266 |
| Shares                issued for cash ($0.05 per share) (Note 10)                     |   | 1,580,000 |   | 1,580 |   | 76,420 |   | - |   | - |   | 78,000 |
| Shares                issued for services rendered (Note 10)                          |   | 1,700,000 |   | 1,700 |   | 71,300 |   | - |   | - |   | 73,000 |
| Share                subscriptions receivable (Note 10)                               |   | - |   | - |   | (60,000) |   | - |   | - |   | (60,000) |
| Contribution                to capital by related parties - services (Notes 9 and 13) |   | - |   | - |   | 50,000 |   | - |   | - |   | 50,000 |
| Stock-based                compensation (Note 10)                                     |   | - |   | - |   | 5,383 |   | - |   | - |   | 5,383 |
| Foreign                currency translation adjustment                                |   | - |   | - |   | - |   | 4 |   | - |   | 4 |
| Net                loss for the period                                                |   | - |   | - |   | - |   | - |   | (164,123) |   | (164,123) |
|                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| **Balance                at 31 October 2007**                                         |   | 33,720,886 |   | 33,720 |   | 4,367,802 |   | (4,254) |   | (4,209,738) |   | 187,530 |

----

**Rotoblock      Corporation**

**(A      Development Stage Company)**

|                                                        | **For                the period from the date of inception on 2 September 2003 to****31                October 2007** | **For                the three month period ended 31 October 2007** | **For                the three month period ended 31 October 2006** | **For                the six month period ended 31 October 2007** | **For                the six month period ended 31 October 2006** |
|-------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------|---------------------------------------------------------------------|-------------------------------------------------------------------|-------------------------------------------------------------------|
|                                                        |                                                                                                                  | **$**                                                               |                                                                | **$**                                                             |                                                              | **$** |   | **$** |   | **$** |
|                                                        |                                                                                                                  |                                                                |                                                                |                                                              |                                                              |   |   |   |   |   |
| Consulting                fees (Notes 8 and 13)             |                                                                                                                  | 529,842                                                             |                                                                | 45,193                                                            |                                                              | 30,769 |   | 69,390 |   | 63,226 |
| Depreciation                                                |                                                                                                                  | 3,968                                                               |                                                                | -                                                                 |                                                              | - |   | - |   | - |
| Foreign                exchange loss                        |                                                                                                                  | 1,545                                                               |                                                                | -                                                                 |                                                              | - |   | - |   | 195 |
| Interest                                                    |                                                                                                                  | 15,976                                                              |                                                                | 99                                                                |                                                              | 123 |   | 232 |   | 259 |
| Investor                relations                           |                                                                                                                  | 143,878                                                             |                                                                | -                                                                 |                                                              | 8,897 |   | - |   | 45,358 |
| Listing,                filing and transfer agent fees      |                                                                                                                  | 30,458                                                              |                                                                | 1,875                                                             |                                                              | 2,200 |   | 1,875 |   | 4,369 |
| Management                fees (Notes 8 and 13)             |                                                                                                                  | 150,000                                                             |                                                                | 25,000                                                            |                                                              | 25,000 |   | 50,000 |   | 50,000 |
| Office                and sundry                            |                                                                                                                  | 42,946                                                              |                                                                | 332                                                               |                                                              | 1,290 |   | 559 |   | 4,151 |
| Professional                fees                            |                                                                                                                  | 223,114                                                             |                                                                | 20,607                                                            |                                                              | 7,826 |   | 36,684 |   | 19,155 |
| Public                relations and shareholder information |                                                                                                                  | 140,909                                                             |                                                                | -                                                                 |                                                              | 35,461 |   | - |   | 56,331 |
| Rent                                                        |                                                                                                                  | 79,205                                                              |                                                                | -                                                                 |                                                              | 6,236 |   | - |   | 12,472 |
| Research                and development                     |                                                                                                                  | 314,256                                                             |                                                                | -                                                                 |                                                              | - |   | - |   | 424 |
| Stock-based                compensation (Note 10)           |                                                                                                                  | 2,321,271                                                           |                                                                | 5,383                                                             |                                                              | - |   | 5,383 |   | - |
| Travel                and entertainment                     |                                                                                                                  | 40,158                                                              |                                                                | -                                                                 |                                                              | - |   | - |   | 1,357 |
|                                                        |                                                                                                                  |                                                                |                                                                |                                                              |                                                              |   |   |   |   |   |
|                                                        |                                                                                                                  | 4,037,526                                                           |                                                                | 98,489                                                            |                                                              | 117,802 |   | 164,123 |   | 257,297 |

----

**Rotoblock        Corporation**

**(A        Development Stage Company)**

**31 October 2007**

| **1.  ** | **Nature                and Continuance of                Operations** |
|--------------------|------------------------------------------------------------------------|

*Accounting      and Reporting by Development Stage Enterprises*

----

**Rotoblock          Corporation**

**(A          Development Stage Company)**

**31 October 2007**

| **2.  ** | **Significant                Accounting Policies** |
|--------------------|----------------------------------------------------|

**Basis      of presentation**

**    Basis      of      consolidation**

**    Fiscal      period**

----

**Rotoblock            Corporation**

**(A            Development Stage Company)**

**31 October 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 October 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 October 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 October 2007**

**Use      of estimates**

**        Recent accounting pronouncements**

*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*

*Accounting      for Servicing of Financial Assets*

----

**Rotoblock            Corporation**

**(A            Development Stage Company)**

**31 October 2007**

| **3.  ** | **Patents** |
|--------------------|-------------|

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

----

**Rotoblock            Corporation**

**(A            Development Stage Company)**

**31 October 2007**

| **4.  ** | **Accounts                Payable and Accrued Liabilities**  |
|--------------------|-------------------------------------------------------------------|

| **5.  ** | **Interest                Payable** |
|--------------------|-------------------------------------|

| **6.  ** | **Convertible                Promissory Note** |
|--------------------|------------------------------------------------|

| **7.  ** | **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 October 2007**

| **8.  ** | **Due                to Related Part****y** |
|--------------------|---------------------------------------------|

| **9.  ** | **Related                Party Transactions**** ** |
|--------------------|---------------------------------------------------------|

| **10.  ** | **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. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 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 October 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 October 2007, 2,960,000 share purchase                warrants in this series remain                outstanding. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**Rotoblock            Corporation**

**(A            Development Stage Company)**

**31 October 2007**

| 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, $3,469 was expensed                during the period ended 31 October 2007 (30 April 2007 - $173,126;                Cumulative - $668,669) and the remaining $85,208 was classified as                prepaid                expense which will be expensed as the services are received in subsequent                periods. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| vii.   | During                the year ended 30 April 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. |
|------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| viii.   | During                the year ended 30 April 2007, the Company issued 24,513 common shares                valued at $4,658 for consulting                services. |
|-------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ix.   | During                the year ended 30 April 2007, the Company issued 150,000 common shares                valued at $28,500 for investor                relations. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| x.   | During                the year ended 30 April 2007, the Company issued 33,333 common shares                at a                price of $0.15 per share for legal services. Of this amount, $1,005                was                expensed during the three month period ended 31 October 2007 (30                April 2007 - $2,992; Cumulative - $3,997) and the remaining $1,003                was                classified as prepaid expense which will be expensed as the services                are                received in subsequent periods. |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| xi.   | During                the year ended 30 April 2007, the Company issued 57,820 common shares                valued at $5,782 for consulting                services. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| xii                . | During                the year ended 30 April 2007, the Company issued 69,000 common shares                valued at $6,210 for consulting                services. |
|----------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| xiii.   | During                the year ended 30 April 2007, the Company issued 75,000 common shares                values at $7,500 for consulting services. 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. |
|-------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| xiv.   | During                the year ended 30 April 2007, the Company issued 800,000 common shares                at                a price of $0.12 per share for consulting services. Of this amount,                $49,315 was expensed during the period (30 April 2007 - $39,583,                Cumulative - $88,899), and the remaining $7,101 was classified as                prepaid                expense which will be expensed as the public relations services are                received in subsequent periods. 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. |
|------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**Rotoblock            Corporation**

**(A            Development Stage Company)**

**31 October 2007**

| xv.   | During                the year ended 30 April 2007, the Company issued 192,363 common shares                valued at $15,389 for rent. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------|

| xvi.   | During                the year ended 30 April 2007, the Company issued 135,850 common shares                valued at $10,868 for consulting services. |
|------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------|

| xvii.   | During                the year ended 30 April 2007, the Company issued 93,750 common shares                valued at $7,500 for public relations. 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. |
|-------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| xviii.   | During                the year ended 30 April 2007, the Company issued 77,633 common shares                valued at $4,658 for consulting services. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------|

| xix.   | During                the year ended 30 April 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. |
|------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| xx.   | During                the year ended 30 April 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. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| xxi.   | During                the year ended 30 April 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. |
|------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| xxii.   | During                the period ended 31 October 2007, the Company issued 1,580,000 private                placement restricted common shares at a price of $0.05 per share                for total                cash proceeds of $78,000. Of the $78,000 in proceeds, there was an                amount                receivable of $60,000 on 31 October 2007. 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. |
|-------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| xxiii.   | During                the period ended 31 October 2007, the Company issued to related parties                200,000 common shares valued at $0.02 per share for consulting services.                Of this amount, $1,049 was expensed during the period (30 April 2007                -                $nil, Cumulative - $1,049), and the remaining $2,951 was classified                as                prepaid expense which will be expensed as the consulting services                are                received in subsequent periods. (Note                9) |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| xxiv.   | During                the period ended 31 October 2007, the Company issued 1,000,000 common                shares valued at $0.05 per share for consulting services. Of this                amount,                $683 was expensed during the period (30 April 2007 - $nil, Cumulative                -                $683), and the remaining $49,317 was classified as prepaid expense                which                will be expensed as consulting services are received in subsequent                periods. |
|-------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**Rotoblock            Corporation**

**(A            Development Stage Company)**

**31 October 2007**

| xxv.   | During                the period ended 31 October 2007, the Company issued 300,000 common                shares                valued at $0.05 per share for consulting services. 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. |
|------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| xxvi.   | During                the period ended 31 October 2007, the Company issued 200,000 common                shares                valued at $0.02 per share for $4,000 for consulting services. (Note                9) |
|-------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| xxvii.   | During                the period ended 31 October 2007, the Company issued 380,000 share                purchase warrants with a fair value of $5,383. Each share purchase                warrant                entitles the holder to purchase an additional common share at a price                of                $0.25 up to 6 September 2012. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**Rotoblock          Corporation**

**(A          Development Stage Company)**

**31 October 2007**

| **Date                Issued**   |   | **Number****of                shares** |   | **Value** |   | **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                        |
| 7                February 2007   |   | 93,750                                 |   | 7,500     |   | 0.08                                  | Public                relations   |
| 3                April 2007      |   | 77,633                                 |   | 4,658     |   | 0.06                                  | Consulting                        |
| 22                October 2007   |   | 400,000                                |   | 8,000     |   | 0.02                                  | Consulting*                       |
| 26                October 2007   |   | 1,300,000                              |   | 65,000    |   | 0.05                                  | Consulting                        |
|                             |   |                                   |   |      |   |                                  |                              |
| Total                            |   | 5,827,392                              |   | 1,018,942 |   |                                  |                              |

----

**Rotoblock            Corporation**

**(A            Development Stage Company)**

**31 October 2007**

**Share      Purchase Warrants**

|     |   | **Exercise                price** |   | **Number****of                warrants** |   | **Remaining****contractual                life (years)** |
|----------|--------|-----------------------------------|--------|------------------------------------------|--------|----------------------------------------------------------|
|     |   | **$**                             |   |                                     |   |                                                     |
|     |   |                              |   |                                     |   |                                                     |
| Warrants |   | 0.50                              |   | 2,000,000                                |   | 1.79                                                     |
| Warrants |   | 0.50                              |   | 3,000,000                                |   | 1.82                                                     |
| Warrants |   | 0.50                              |   | 1,154                                    |   | 0.09                                                     |
| Warrants |   | 0.50                              |   | 125,000                                  |   | 0.10                                                     |
| Warrants |   | 0.50                              |   | 1,006                                    |   | 0.15                                                     |
| Warrants |   | 0.25                              |   | 2,960,000                                |   | 3.21                                                     |
| Warrants |   | 0.15                              |   | 2,500,000                                |   | 4.11                                                     |
| Warrants |   | 0.25                              |   | 380,000                                  |   | 5.00                                                     |
|     |   |                              |   |                                     |   |                                                     |
|     |   |                              |   | 10,967,160                               |   |                                                     |

|                                                                                                                |   | **Number                of warrants** |   | **Weighted                average exercise price** |
|---------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------|--------|----------------------------------------------------|
|                                                                                                                |   |                                  |   | **$**                                              |
|                                                                                                                |   |                                  |   |                                               |
| Outstanding                and exercisable at 30 April 2006                                                         |   | 14,462,160                            |   | 0.45                                               |
|                                                                                                                |   |                                  |   |                                               |
| Granted                                                                                                             |   | -                                     |   | -                                                  |
| Exercised                                                                                                           |   | -                                     |   | -                                                  |
| Expired                                                                                                             |   | -                                     |   | -                                                  |
|                                                                                                                |   |                                  |   |                                               |
| Outstanding                and exercisable at 31 October 2006                                                       |   | 14,462,160                            |   | 0.45                                               |
|                                                                                                                |   |                                  |   |                                               |
| Weighted                average fair value of warrants granted during the year ended 31 October                2006 |   |                                  |   | -                                                  |
|                                                                                                                |   |                                  |   |                                               |
|                                                                                                                |   |                                  |   |                                               |
|                                                                                                                |   |                                  |   |                                               |

----

**Rotoblock        Corporation**

**(A        Development Stage Company)**

**31 October 2007**

| Outstanding                and exercisable at 30 April 2007                                                                          |   | 11,962,160  |   | 0.45   |
|--------------------------------------------------------------------------------------------------------------------------------------|--------|-------------|--------|--------|
|                                                                                                                                 |   |        |   |   |
| Granted                                                                                                                              |   | 380,000     |   | 0.25   |
| Exercised                                                                                                                            |   | -           |   | -      |
| Expired                                                                                                                              |   | (1,375,000) |   | 0.50   |
|                                                                                                                                 |   |        |   |   |
| Outstanding                and exercisable at 31 October 2007                                                                        |   | 10,967,160  |   | 0.34   |
|                                                                                                                                 |   |        |   |   |
| Weighted                average fair value of warrants granted during the period ended 31                October                2007 |   |        |   | 0.01   |

|                                   |   |   |   | **As                at 31****October****2007** |   | **As                at 31****October****2006** |
|----------------------------------------|--------|--------|--------|------------------------------------------------|--------|------------------------------------------------|
|                                   |   |   |   |                                           |   |                                           |
| Risk                free interest rate |   |   |   | 3.72%                                          |   | -                                              |
| Expected                life           |   |   |   | 5.0                years                       |   | -                                              |
| Annualized                volatility   |   |   |   | 119%                                           |   | -                                              |
| Expected                dividends      |   |   |   | -                                              |   | -                                              |

**Restricted      Common Shares**

----

**Rotoblock            Corporation**

**(A            Development Stage Company)**

**31 October 2007**

| **11.  ** | **Income                Taxes** |
|---------------------|---------------------------------|

|                                                                |   | **For                the period ended 31 October 2007** |   | **For                the period ended 31 October 2006** |
|---------------------------------------------------------------------|--------|---------------------------------------------------------|--------|---------------------------------------------------------|
|                                                                |   | **$**                                                   |   | **$**                                                   |
|                                                                |   |                                                    |   |                                                    |
| Deferred                tax asset attributable to:                  |   |                                                    |   |                                                    |
| Current                operations                                   |   | 55,802                                                  |   | 87,481                                                  |
| Contributions                to capital by related party - expenses |   | (17,000)                                                |   | (17,000)                                                |
| Stock-based                compensation                             |   | (1,830)                                                 |   | -                                                       |
| Less:                Change in valuation allowance                  |   | (36,972)                                                |   | (70,481)                                                |
|                                                                |   |                                                    |   |                                                    |
| Net                refundable amount                                |   | -                                                       |   | -                                                       |

|                                             |   | **As                at****31                October****2007** |   | **As                at****30                April 2007** |
|--------------------------------------------------|--------|---------------------------------------------------------------|--------|----------------------------------------------------------|
|                                             |   | **$**                                                         |   | **$**                                                    |
|                                             |   |                                                          |   |                                                     |
| Net                operating loss carry forward  |   | 1,738,467                                                     |   | 1,629,726                                                |
|                                             |   |                                                          |   |                                                     |
| Statutory                federal income tax rate |   | 34%                                                           |   | 34%                                                      |
| Effective                income tax rate         |   | 0%                                                            |   | 0%                                                       |
|                                             |   |                                                          |   |                                                     |
| Deferred                tax asset                |   | 591,079                                                       |   | (554,107)                                                |
| Less:                Valuation allowance         |   | (591,079)                                                     |   | (554,107)                                                |
|                                             |   |                                                          |   |                                                     |
| Net                deferred tax asset            |   | -                                                             |   | -                                                        |

----

**Rotoblock            Corporation**

**(A            Development Stage Company)**

**31 October 2007**

**12.**
**Commitments**

| i.   | On                30 April 2007, the Company entered into a convertible promissory                note                agreement for $10,000 cash. The note is non-interest bearing, unsecured                and repayable in cash or 100,000 shares by 13 November                2008 |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 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. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| iii.   | On                25 October 2006, the Company negotiated an extension to exercise                the                Option by thirty seven months. Pursuant to the amended option agreement                the Company must pay a royalty of $50 per engine on the sale of up                to                10,000 OPE, and a royalty of $2 per engine on the sale of up to 100,000                OPE. (Note 3) |
|------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| iv.   | On                30 March 2004, the Company entered into a loan agreement, as amended,                for                $500,000, of which $350,000 was received by 30 November 2004. During                the                2006 fiscal year, the principal portion of the loan was paid out                in full.                The loan was secured by all the assets of the Company, 5% per annum                and                was payable on demand. Accrued interest on the loan has been calculated                at                $11,705; however, this amount has not yet been paid to the lender.                (Note                5) |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**13.**
**Supplemental      Disclosure with Respect to Cash Flows**
** **

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

| **14.  ** | **Subsequent                Event** |
|---------------------|-------------------------------------|

**,      **

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

***Results      of Operations***

***Liquidity      and Capital Resources***

***Plan      of Operation***

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

***Critical      Accounting Policies***

**ITEM      3. CONTROLS AND PROCEDURES**

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**PART      II - OTHER INFORMATION**

**ITEM      1. LEGAL PROCEEDINGS**

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

**ITEM      3. DEFAULTS UPON SENIOR SECURITIES.**

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

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**ITEM      5. OTHER INFORMATION**

**ITEM      6.      EXHIBITS **

**SIGNATURES**

**Rotoblock      Corporation**

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